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Your Democracy Tuesday, July 7, 2020 - 16:53 Source

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Australia’s new wattle logo is a design, storytelling and timing failure

Last week, Australia's new logo was revealed: a golden wattle flower that many were quick to point out bears an uncanny resemblance to COVID-19. As Ash Ivory argues, it wasn't just a design failure, but also a failure to communicate the story behind the logo, and time its launch correctly.

 

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MacroBusiness Tuesday, July 7, 2020 - 16:30 Source

Sentiment swung back to hesitation this afternoon here in Asia with most bourses reversing course from its sharp rise to the start of the trading week, led by dual breakouts of coronavirus – both Tokyo and Victoria. The euphoria over the surge in Chinese shares is wearing off with US and Euro futures looking down

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The Australian Independent Media Network Tuesday, July 7, 2020 - 16:14 Source

If the COVID-19 pandemic has revealed one thing, it is the total inadequacy of the Australian Constitution. Like most people, I know a little about a lot of things and am slightly better informed than many in a few areas, while really expert in none! So I beg your tolerance for my presumption in writing…

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MacroBusiness Tuesday, July 7, 2020 - 15:32 Source

Manchurian Dan Andrews has just given a press conference where he has re-introduced a stage 3 “stay at home” order to lock down Melbourne for six weeks from midnight Wednesday. School holidays have been extended for a week. Then senior school students will be permitted to go back to school, as will special school students.

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Renew Economy Tuesday, July 7, 2020 - 15:28 Source

Canva - flexibility Commercial building factory rooftop installed photovoltaic solar panels (1) - optimisedWestern Power to pilot new energy management platform for 'flexibility services', boosting renewables penetration and supporting network strength.

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Renew Economy Tuesday, July 7, 2020 - 15:22 Source

Six Tesla Megapacks with 15MWh combined capacity installed on UK grid in JV between Fotowatio Renewable Ventures and British renewables developer Harmony Energy.

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George Monbiot Tuesday, July 7, 2020 - 15:01 Source

Are Trump and Johnson paving the way for fascism, or for something different, but just as bad?

By George
Monbiot, published in the Guardian 3rd July 2020

The anger
that should be directed at billionaires is instead directed by them. Facing
inequality and exclusion, poor wages and insecure jobs, people are persuaded by
the newspapers billionaires own and the parties they fund to unleash their fury
on immigrants, Muslims, the EU and other “alien” forces.

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John Quiggin Tuesday, July 7, 2020 - 14:32 Source

Now that the World Health Organization has finally endorsed a recommendation for wearing masks in public, it’s time for Australia to do the same.

The most important case is that of public transport including air travel. Urban public transport is vital, but until we take the necessary steps on masks, we will be stuck with recommendations to avoid peak hour travel, guaranteeing a return to private cars and congestions

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MacroBusiness Tuesday, July 7, 2020 - 14:30 Source

by Chris Becker At its latest meeting the Reserve Bank has held its cash rate at the record 0.25% low. More to come… Reserve Bank Board Meeting – Monetary Policy Decision

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MacroBusiness Tuesday, July 7, 2020 - 14:00 Source

New research from the Australian National University (ANU) reveals a 50% increase in the number of people who are unemployed but not actively looking for work, from 5% in February to 7.6% in May. The ANU report was based on a survey by the Centre for Social Research and Methods, and report co-author Nicholas Biddle

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The Australian Independent Media Network Tuesday, July 7, 2020 - 13:48 Source

The state of Victoria is being sealed off from the rest of Australia. On Tuesday, at 11.59pm, the border with New South Wales will be shut with publicised resoluteness. It is happening at the insistence of politicians across the country with a panicked urge. On the way are reminders about the miracle that was federation…

The post The Coronavirus Seal: Victoria’s Borders Close appeared first on The AIM Network.

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Renew Economy Tuesday, July 7, 2020 - 13:47 Source

ASX-listed ClearVue inks deal to have its solar glass units integrated with the ultra-energy-efficient building component system of leading US construction materials company.

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Renew Economy Tuesday, July 7, 2020 - 13:45 Source

Cherry-tree infigen energy wind farm turbine iberdrola - optimisedIberdrola receives clearance from the Foreign Investment Review Board, and board endorsement, for takeover of the ASX-listed Infigen Energy.

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MacroBusiness Tuesday, July 7, 2020 - 13:40 Source

New Zealand Prime Minister, Jacinda Adern, has opened the door for a trans-Tasman travel ‘bubble’ between Australia (ex-Victoria) and New Zealand by September: New Zealand Prime Minister Jacinda Ardern has reiterated that the billion-dollar tourism trade trans-Tasman bubble could go ahead in September with “safe” Australian states such as Queensland… Travel industry veteran and co-chair

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MacroBusiness Tuesday, July 7, 2020 - 13:20 Source

Despite record unemployment, bosses in the hospitality industry claims they are struggling to fill vacant positions, often having no applicants for advertised jobs. According to the above interview, the hospitality industry is highly reliant on temporary migrant labour and as many of 200,000 of these workers have left Australia due to COVID-19. This has left

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MacroBusiness Tuesday, July 7, 2020 - 13:06 Source

Victoria has posted a record 191 new cases of COVID-19, a big increase on yesterday’s record daily increase of 127. As shown in the next chart, new infections have blown past March’s peak and are growing exponentially: The situation is actually much worse, given March’s cases were imported whereas today’s cases are primarily from community

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Renew Economy Tuesday, July 7, 2020 - 12:51 Source

cybertruckTesla turns 10 as a listed company, and becomes the most value car company in the world as investors dial in the end of the ICE age for Big Oil and Big Auto.

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Renew Economy Tuesday, July 7, 2020 - 12:45 Source

Canva - Construction of solar panels - optimised confidence investorState policies boost confidence in clean energy sector to highest levels, despite Covid-19 disruptions and lacklustre federal energy policy.

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MacroBusiness Tuesday, July 7, 2020 - 12:40 Source

by Chris Becker Leading into the afternoon session, Aussie stocks are going nowhere, unable to move higher despite another big surge in mainland Chinese issues and the lift from Wall Street overnight, as traders remain cautious going into today’s RBA meeting (2.30pm AEST): The Shanghai Composite has gapped nearly 2% higher at the open almost

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Renew Economy Tuesday, July 7, 2020 - 12:37 Source

A map of existing generation plants in South Australia, including wind, solar, gas and battery storage. But no coal or hydro.

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MacroBusiness Tuesday, July 7, 2020 - 12:20 Source

The Australian Industry Group (AIG) today released its Performance of Services Index (PSI), which shows that Australia’s services sector is dead as a dodo: According to AIG, the PSI fell “0.1 points to 31.5 points in June 2020 (seasonally adjusted), indicating another serious contraction in activity in June and at a similar pace to May.

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MacroBusiness Tuesday, July 7, 2020 - 12:00 Source

Abul Rizvi – former Deputy Secretary of the Department of Immigration and one of the architects of Australia’s faux ‘skilled’ migration program – has again warned that Australia won’t meet its lofty net migration targets for a decade: Even before the coronavirus hit, net migration was lower than government forecasts. In the 2019 budget, the

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MacroBusiness Tuesday, July 7, 2020 - 11:40 Source

The number of people who visit Melbourne’s CBD to work or to go shopping has fallen sharply in the wake of the coronavirus pandemic. New figures show that the number of people who visit the CBD each day has fallen as low as 50,000 in recent months, compared with one million prior to the pandemic.

The post Melbourne’s CBD is in crisis appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 7, 2020 - 11:00 Source

by Chris Becker The COVID-19 pandemic seemed to be the last blow for the beleaguered Pacific Peso, dropping fast alongside other risk assets like stocks from 70 cents to 55 cents: But it has now fully “recovered” with an equally remarkable rally, now stabilising around the 69 handle against USD, while its cousin, the Kiwi

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MacroBusiness Tuesday, July 7, 2020 - 10:40 Source

Adam Creighton has penned another thought provoking article questioning Australia’s compulsory superannuation system, which he claims has turned “rotten” and needs major overhaul: I remember where I was a decade ago when I read the section of the Henry tax review that dealt with retirement income policy. It was a shock. “An increase in the

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The Australian Independent Media Network Tuesday, July 7, 2020 - 10:33 Source

By William Olson   As if the recent budget cuts to the ABC weren’t bad enough – and cuts which the Morrison government denies are actually cuts at all – now comes word that a permanent abolishment of requirements for local content across Australian television and streaming services is in the works. And the decision by…

The post Cuts to local content threaten Australian TV and culture appeared first on The AIM Network.

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MacroBusiness Tuesday, July 7, 2020 - 10:20 Source

In early March, panic buying gripped the nation with shoppers stockpiling staples like toilet paper, tissues, rice, flour, canned goods, bottled water, and hand sanitiser. Store shelves were stripped bare creating acute shortages of goods and forcing supermarkets to place hard limits on the number of items that could be purchased across a wide variety

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MacroBusiness Tuesday, July 7, 2020 - 09:50 Source

According to Alan Kohler, the requirement that diners occupy four square metres each under current regulations in Sydney and Melbourne, alongside average rents for restaurants in those cities costing $3,000 a year per square metre, means that restaurant-goers would need to spend $300 a head for the average restaurant to break even. This suggests that

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MacroBusiness Tuesday, July 7, 2020 - 09:30 Source

The Australian Prudential Regulatory Authority’s (APRA) weekly update on the Morrison Government’s early superannuation release policy reveals that another $991 million was pulled from Australia’s superannuation pool, raising total withdrawals to $18.1 billion: As you can see, 2.4 million applications for early release have been paid averaging $7,698 per withdrawal. Looking at the breakdown, you

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MacroBusiness Tuesday, July 7, 2020 - 09:00 Source

by Chris Becker Well, if you open up your economy again – and damn the COVID-19 torpedoes – you’re going to get a recovery, and that’s what the June non-manufacturing ISM print showed overnight, providing yet another catalyst for US stocks to head higher. The texture from ISM: The ISM Non-Manufacturing Report on Business PMI

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