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Renew Economy Thursday, June 27, 2019 - 14:57 Source

As we become more environmentally conscious more of us are trying to do our bit. There is however one primary driver of climate change we fail to address. The internet.

The post Is it time to switch your website to green hosting? appeared first on RenewEconomy.

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Renew Economy Thursday, June 27, 2019 - 14:48 Source

unsubsidised fluence battery - optimisedLincoln Gap wind farm is now host to Australia's first unsubsidised big battery system, in a major milestone for clean energy in Australia.

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Renew Economy Thursday, June 27, 2019 - 14:19 Source

Developers of the 100MW Yarranlea solar farm in Queensland’s Darling Downs have flagged plans to add large-scale battery storage to the “merchant” project.

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MacroBusiness Thursday, June 27, 2019 - 14:00 Source

Via the ABC: Christopher Pyne’s new job has put his old boss, Scott Morrison, under pressure to reprimand him amid accusations it is a breach of ministerial standards. Mr Pyne, who was defence minister until the election, yesterday revealed he has taken a job as a defence consultant with multinational business advisers EY. “I am looking forward

The post $175bn Pyne takes more dough appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 13:45 Source

From The ABC comes news that the Big Four Australian banks have axed thousands of jobs, with automation to cause further job losses: Banks are thousands of staff off peak levels… In 2008, the Commonwealth Bank employed 39,621 full-time equivalent employees, a number that rose to 46,000 four years ago, before falling back to 43,771

The post Big four banks axe thousands of jobs appeared first on MacroBusiness.

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Renew Economy Thursday, June 27, 2019 - 13:45 Source

australias largest coopers gap wind farm aglFirst generation has been achieved at Australia's largest wind farm, the 453MW Coopers Gap wind farm located outside north-west of Brisbane.

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Renew Economy Thursday, June 27, 2019 - 13:39 Source

GE Renewable Energy’s massive 12MW Haliade-X offshore wind turbine is leaving the design table to begin testing, with parts already arriving in the Netherlands and a separate announcement revealing it will also head to the Offshore Renewable Energy (ORE) Catapult’s site in Blyth in the UK. Announced in March of 2018, GE Renewable Energy’s 12...

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Renew Economy Thursday, June 27, 2019 - 13:39 Source

Sydney councillors have unanimously supported a motion to mobilise city resources to reduce carbon emissions and minimise the impact of future change.

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MacroBusiness Thursday, June 27, 2019 - 13:30 Source

Via the excellent Damien Boey at Credit Suisse: From the ABS’ engineering construction release, we learn that public work done fell by roughly 13% in the year-to-1Q. So much for the story that infrastructure would be a stronger for longer growth driver. As discussed in previous articles, the issue is stock-flow confusion. Infrastructure spending has hit

The post Infrastructure bust leads Aussie economy towards recession appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 13:15 Source

The Australian dollar is punching towards 0.70 cents this morning: Bonds are getting absolutely smashed: XJO is flat: Dalian is romping higher: With Big Iron: Not so much Big Gas: Big Gold is falling: Big Banks are hanging on but if this China trade deal trade runs they’re going to get clubbed like baby seals

The post Australian dollar rips to 0.70 cents with everything China appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 13:00 Source

The Australian Bureau of Statistics (ABS) has released its Finance & Wealth data for the March quarter, which reported further falls in household wealth: Chief Economist for the ABS, Bruce Hockman, said: “Residential real estate experienced its fifth consecutive quarter of real holding losses. However, household wealth per person fell by only $1,500 to $404,566

The post Housing bust smashes household wealth appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 12:30 Source

Fairfax reports that Melbournians are spending far less on discretionary retail than their Sydney counterparts: Sydney retailers are generating close to 20 per cent more sales than their Melbourne counterparts each month… Stores located in Melbourne net about $27,275 in sales a month on average, compared with $32,250 a month for companies in and around

The post Poor Melbournians spend less than Sydney spivs appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 12:15 Source

Beware the magazine cover indicator! The AFR went BTC wild yesterday: …bitcoin is back in a big way. The virtual currency has jumped by 50 per cent over the past three weeks. As for what’s next, the boom and bust of 2017-18 is both a warning of what can go wrong and a promise of

The post If Bitcoin is virtual gold then what’s it worth? appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 12:00 Source

A taste of the future for those so enthusiastic about embracing China as Australia’s new hegemon: Ha!!! Watch this chinese Foreign Ministry fool explain what happened in Hong Kong (with chinese characteristics). This revisionist version is a bit too soon for everyone to forget what really happened. #HKexit #lies #NoExtraditionToChina pic.twitter.com/0pxLMY1fgW — Kyle Bass (@Jkylebass)

The post A taste of Angry China in action appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 11:45 Source

Via Domain: The residential property market will start to recover from a two-year downturn in the second half of this year with house prices in Sydney to grow 2 per cent by Christmas followed by up to 5 per cent growth in 2020. According to Domain Group’s latest property price forecast, the only other capital

The post Will Sydney or Melbourne property recover better? appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 11:30 Source

In MB’s half-year special report, we noted the following: Australia’s authorities have moved swiftly to stimulate the market. Moreover, we believe that further policy stimulus is coming down the pipe. The RBA will cut all the way to a 50bps cash rate. APRA may also add more stimulus. For example, Western Australia’s Housing Minister, Peter Tinley, has

The post Property lobby backs national sub-prime first home buyer scheme appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 11:15 Source

Bravo Geg Sheridan who deconstructs ScoMo’s official view of China: Mistake No 1: The PM says China has the “biggest economy in the world in terms of parity purchasing power”. This nonsense statement reflects the weird attachment the bureaucracy has to making these absurd claims about the Chinese economy. Let’s be clear: the US economy

The post Greg Sheridan destroys the China inevitability myth appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 11:00 Source

There are fears the federal budget could take a $20 billion hit after an Australian National Audit Office (ANAO) report warned that a $19.5 billion government loan extended to NBN Co might not be repaid because of doubts the NBN will meet financial projections. From The AFR: [ANAO] classified the chances that the NBN’s financial

The post NBN debacle could punch $20b hole in Budget appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, June 27, 2019 - 10:51 Source

What more can I say? Children are already dying under the Trump Administration’s watch. Children are being separated from their parents at the US/Mexico border. Children as young as five months old are sleeping on concrete floors. Children are being denied tooth brushes, toothpaste, and soap. They aren’t even allowed to take a bath or…

The post It’s just one of those days I feel ashamed to be Australian appeared first on The AIM Network.

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MacroBusiness Thursday, June 27, 2019 - 10:45 Source

Great excitement at COMMSEC: Engineering: Engineering construction work done fell for the third straight quarter, easing by 4.9 per cent in real (inflation-adjusted) terms in the March quarter. And work done is down 13.5 per cent on a year ago.  Infrastructure boom: Excluding the resource sector (coal, oil, pipelines etc.) work yet to be

The post Craig James celebrates the infrastructure bust appeared first on MacroBusiness.

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Renew Economy Thursday, June 27, 2019 - 10:45 Source

Upgraded Tesla Raven with longer range and 200kW charging rate spotted in-store in US.

The post Spotted – Tesla “Raven” Model S with upgraded range, motors and suspension appeared first on RenewEconomy.

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Renew Economy Thursday, June 27, 2019 - 10:45 Source

Upgraded Tesla Raven with longer range and 200kW charging rate spotted in-store in US.

The post “Raven” Model S spotted instore with upgraded range, motors and suspension appeared first on RenewEconomy.

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MacroBusiness Thursday, June 27, 2019 - 10:30 Source

By Leith van Onselen Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results: Today, CoreLogic has released its final auction results, which reported a 3.2% decline in the final national auction clearance rate to 60.5% – well above the same weekend last year (55.5%) but slightly below week’s 61.8%: As

The post Final auction clearance rate holds above 60% appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 10:15 Source

From CoreLogic’s Cameron Kusher: This column is going to be a little controversial however, lenders are well within their rights keep a portion of future rate cuts up their sleeve. Furthermore, the fact that banks have to consider mortgage holders as well as savers is an important consideration. It is true that Australians are obsessed

The post CoreLogic: Why banks won’t pass on rate cuts appeared first on MacroBusiness.

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Renew Economy Thursday, June 27, 2019 - 10:11 Source

The makers of Australia's (in)famous XXXX beer have installed a $2 million project, 690kW solar array on their 140-year-old Milton brewery.

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Renew Economy Thursday, June 27, 2019 - 10:02 Source

"Electric car that charges itself" - Prototype for world's first long-range solar-integrated EV unveiled by developers, Lightyear, at the company's base in the Netherlands.

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MacroBusiness Thursday, June 27, 2019 - 10:00 Source

Aland Developments MD Andrew Hrsto has rejected suggestions that construction work on his company’s Peak Towers project caused the cracks in the structure of the adjacent Mascot Towers. Hrsto says an engineering report on buildings near the Peak Towers project showed that structural defects were found in the Mascot Towers building several years before work

The post Developers blame each other for cracking slum towers appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 09:45 Source

Via the AFR: Senate crossbench powerbroker Rex Patrick is demanding Queensland’s LNG export “cartel” provides enough gas into the east coast market to ensure a surplus of supply amid other measures under discussion as the price for the Centre Alliance’s support for the Coalition’s proposed tax cuts. Under the proposal put forward to Resources Minister Matt

The post Centre Alliance versus the gas “cartel” appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 09:30 Source

Via Domain: Trade representatives from more than a dozen countries have flown into Australia to conduct highly secretive negotiations on a mega deal that will sideline the United States amid the ongoing economic fall-out from the US-China trade war. All 10 ASEAN member states and their partners; China, Japan, South Korea, Australia, New Zealand and

The post Australia not very secretly leads Asian free trade push appeared first on MacroBusiness.

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MacroBusiness Thursday, June 27, 2019 - 09:15 Source

Martin North and property insider Edwin Almeida have delved into the high-rise apartment crisis, which they claim could become a $1 trillion problem for Australia, with owners and taxpayers likely to be left footing the bill. The video includes a bunch of alarming photos showing the types of faults prevalent across high-rise developments. Earlier this

The post Australia’s high-rise slums a $1 trillion problem appeared first on MacroBusiness.

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