Blogotariat

Victoria to maintain a ban on nuclear power, after parliamentary inquiry finds no justification for repealing a prohibition. Liberals object.

New rules are set to ease the path for the creation of renewable energy zones, providing greater recognition of generators, such as wind and solar projects, that are clustered around a single connection to the wider electricity network.

Via Jeffries: In this report, we evaluate copper demand under three different scenarios. In each scenario, we assume global GDP growth of 2% per year after 2021. The key difference in each scenario is our assumed rate of growth of renewable power capacity. We also assume that investment in electric networks aside from power plants

The post Jeffries: Copper the new boom metal appeared first on MacroBusiness.

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The Australian Prudential Regulatory Authority (APRA) has released its Quarterly superannuation performance statistics highlights for the September quarter. This report shows that total superannuation assets fell by 1.6% in the year to September: Superannuation assets totalled $2.9 trillion at the end of the September 2020 quarter. There was a 1.6 per cent reduction in the value

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Via FTAlphaville: Sad news from Argentina today. Diego Maradona, one of the most gifted footballers to ever play the game, has died. While his dribbling prowess was world renowned, fewer people know that his skills were used to construct one of the most memorable monetary policy analogies of all time. Back in 2005, then Bank

The post Maradona’s contribution to monetary policy appeared first on MacroBusiness.

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After the fatal flaws of its first hotel quarantine scheme, which relied solely on untrained private security, the Victorian government will launch its revised quarantine scheme on 7 December. Victorian Health Minister Martin Foley has promised the system will be robust: “All Victorians can have confidence that the system that will be put in place

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The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the September quarter, which registered a 3.0% seasonally adjusted fall in capex volumes over the quarter and an 13.8% decrease over the year (see below table). The first chart below shows actual capex by industry in dollar terms (rather than volume

The post Actual capex plunged further in Q3 appeared first on MacroBusiness.

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In today’s investment webinar (LIVE 12:30pm AEDT), MB Fund’s Head of Investments Damien Klassen, Head of Advice Tim Fuller and Dr. Steven Hail delve into if 2020’s intensive government stimulus is essentially MMT. Our Agenda includes: Quick background to MMT MMT and Inflation expectations Which country is closest to considering MMT? Has any economy adopted

The post MB Fund Podcast: Is 2020 Government Stimulus essentially MMT? With Dr. Steven Hail LIVE NOW appeared first on MacroBusiness.

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Ausgrid opens tender for stand alone power systems as networks begin process of taking costly regional customers off the grid.

Matthias Coramnn’s job application to run the OECD is not going well. I’ve noted many reasons why it is so inappropriate: Mathias is the Morrison Government’s most radical supply-sider. He actually believes in trickle-down economics, which leaves the room short of oxygen given Cormann is obviously intelligent. Mathias has a record of deep climate skepticism

The post More reasons the OECD should spike Mathias Cormann appeared first on MacroBusiness.

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Like me, Inside Story’s Tim Colebatch is an overall fan of the Andrews Government’s Victorian State Budget, which provides massive stimulus at exactly the right time: The main game of the Andrews government’s 2020–21 budget is to deliver stimulus, and it does so in spades. It plans to spend almost $110 billion this year providing

The post Suburban Rail Loop “worst transport project Melbourne has ever seen” appeared first on MacroBusiness.

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To date, the Morrison Government has refused to permanently lift Australia’s JobSeeker unemployment subsidy from its poverty level of $40 a day because it claims that doing so would act as a disincentive for people to look for work. This view has been informed by spurious claims from employers that businesses are having a difficult

The post Academics school Coalition on JobSeeker cuts appeared first on MacroBusiness.

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The Treasury’s 600-page Retirement Income Review took direct aim at pensioners’ houses, questioning why housing was excluded from the assets test to qualify for the aged pension: The Pension Loans Scheme is an effective option for accessing equity in the home for both age pensioners and self-funded retirees. The current exemption of the principal residence

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