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Renew Economy Tuesday, October 23, 2018 - 15:20 Source

Coalition fast-tracks tender for new "firm capacity" – the proposal looks rushed and designed to encourage life extensions for existing coal fired generators.

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MacroBusiness Tuesday, October 23, 2018 - 15:17 Source

Via WSJ: Two U.S. warships sailed through the Taiwan Strait, U.S. and Taiwan defense officials said Monday, a maneuver intended to signal to China that the U.S. could travel in any international waters. The voyage completed Monday “demonstrates the U.S. commitment to a free and open Indo-Pacific,” said Cmdr. Nate Christensen, deputy spokesman for the

The post US sails gaily through Taiwan Straits appeared first on MacroBusiness.

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Renew Economy Tuesday, October 23, 2018 - 15:16 Source

Flow Power is pioneering new retail model delivering renewable energy to big business consumes. We talk to CEO Matthew van der Linden.

The post Energy Insiders Podcast: Why big business is flowing into wind and solar appeared first on RenewEconomy.

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Renew Economy Tuesday, October 23, 2018 - 14:57 Source

Bioenergy Carbon Capture and Sequestration, known as BECCS, is one of the technologies we may need to limit warming to 1.5 degrees.

The post Bioenergy carbon capture: climate snake oil or the 1.5-degree panacea? appeared first on RenewEconomy.

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Renew Economy Tuesday, October 23, 2018 - 14:52 Source

Victoria's first big battery officially opened, paving way for more renewables and grid services. Developers say costs are falling quickly.

The post Victoria officially opens state’s first big battery at Ballarat appeared first on RenewEconomy.

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Renew Economy Tuesday, October 23, 2018 - 14:51 Source

Team No Action has struggled lately to link renewables to high prices or low reliability. But a summer black-out could change that in an instant.

The post Know your NEM: Election season scores one for climate appeared first on RenewEconomy.

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MacroBusiness Tuesday, October 23, 2018 - 14:00 Source

By Leith van Onselen Sydney and Melbourne house prices are “falling by over $1,000 a week” and there’s worse to come, according to Deloitte’s latest business outlook. From The ABC: “Our house prices here in Australia had streaked past anything sensible by way of valuation,” said Deloitte partner Chris Richardson. “Now, finally gravity has caught up with

The post Deloitte: House prices “falling by over $1,000 a week” in Sydney and Melbourne appeared first on MacroBusiness.

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John Quiggin Tuesday, October 23, 2018 - 13:46 Source

Economics in Two Lessons is now officially available for pre-order. Here’s the front cover. Not quite as striking as the one for Zombie Economics, but that would be hard to cap.  Thanks to everyone who helped with comments and encouragement.

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MacroBusiness Tuesday, October 23, 2018 - 13:30 Source

By Leith van Onselen The HIA-CoreLogic Residential Land Report has been released, which revealed a whopping 15.5% annual increase in the median capital city lot price to an all-time high $336,124, despite a 22% slump in sales volumes and broader housing market weakness: “The weighted median residential lot price for Australia’s state capitals increased by

The post Capital city lot prices surge to another record high appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 23, 2018 - 13:00 Source

From Greg Jericho today: The simple explanation for our current high level of underemployment is that we have a lot more people working part-time than in the past, and therefore it only serves to reason that we would have more underemployed. And yet there is more to it than that. One big difference is that now

The post Greg Jericho is feeding hate far more than any ‘hater’ appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 23, 2018 - 12:30 Source

By Leith van Onselen While apartment owners are being stung by huge costs and are embroiled in legal battles relating to dangerous flammable cladding that now must be removed, the builders of these abominations are escaping relatively scot-free. Recently, the owners of apartments in Melbourne’s Lacrosse Building launched legal action against its builder, LU Simon,

The post Flammable cladding builder gets harsh words as owners burn millions appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 23, 2018 - 12:00 Source

More ScoMo buggery at The Guardian: Labor continues to command an election-winning position two months after the Liberal leadership change, and the anticipated loss of Wentworth. The latest Guardian Essential poll finds 59% of respondents say the government Scott Morrison leads has not been refreshed as a consequence of the blood-letting. This week’s poll has

The post Essential: ScoMo buggered appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 23, 2018 - 11:59 Source

AUD has been copping it all morning as US futures wilt for no obvious reason: Bonds are bid: XJO is copping it too: Big Iron is down: Big Gas is hosed: Big Gold is still firm: Big Banks are falling: And Big Realty is down on MEA: Not much fun today.

The post Australian dollar, ASX tumble as futures fall appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 23, 2018 - 11:45 Source

Via the AFR today: From the start, the structure of the ADGSM, with its annual decision on whether to curb LNG exports, was seen as vulnerable to “gaming” by gas buyers as they sought to access lower prices. Last September industry sources and analysts said some commercial buyers were deliberately holding off from signing new

The post Gas cartel enraged by manufacturing rent-seeking appeared first on MacroBusiness.

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Renew Economy Tuesday, October 23, 2018 - 11:32 Source

Snowy Hydro to boost capacity allocated under wind and solar tender, and will deliver 2 terrawatt hours of "base-load" renewables at significantly lower prices than the current wholesale market.

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MacroBusiness Tuesday, October 23, 2018 - 11:30 Source

By Leith van Onselen On Friday, Australia’s immigration minister, David Coleman, gave a speech to Migration Institute of Australia – the lobby group for Australian migration service providers – which presented a whole bunch of misleading cherry-picked facts to support Australia’s mass immigration intake. Below are the key howlers by Coleman: Since the Howard era our immigration programme

The post Immigration minister cherry picks lies to support a ‘Big Australia’ appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 23, 2018 - 11:15 Source

By Gareth Aird, Senior Economist at CBA: Key Points The RBA last cut the policy rate on 2 August 2016 Since then, the labour market has tightened and inflation has lifted a little, but progress has been slow We have the RBA hiking the cash rate in Q4 2019 Overview For RBA watchers it’s been

The post How the Aussie economy compares to when RBA last cut cash rate appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 23, 2018 - 11:00 Source

By Leith van Onselen New research from Roy Morgan has assessed the number of Australian mortgage holders who are in “mortgage stress”, using a formula that takes into account household income, costs, and mortgage repayments. The research shows that 20.8% (949,000) of mortgage holders were “At Risk” in the three months to August 2018, although

The post One million Aussies are in mortgage stress appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 23, 2018 - 10:33 Source

I don’t usually report the weekly given the volatility but such a large break is significant: Consumer sentiment plunges  ANZ-Roy Morgan Australian Consumer Confidence plunged 6% last week, closing just below its long term average and at its lowest level for more than a year. All components of the survey fell sharply.  Households’

The post ScoMo crashes consumer confidence appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 23, 2018 - 10:30 Source

By Leith van Onselen The lack of planning and foresight to cope with the never-ending population (immigration) deluge into Australia’s big cities never ceases to amaze. After a conga-line of reports about overcrowding across roads, public transport, schools and hospitals, now we hear that Melbourne is running well short of sporting grounds: Opposition Leader Matthew

The post Population ponzi gobbles up Melbourne’s ovals appeared first on MacroBusiness.

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Popular Science Tuesday, October 23, 2018 - 10:22 Source

Launching a big rocket? You'll need to get wet.

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Popular Science Tuesday, October 23, 2018 - 10:22 Source

Happiness and fear are more similar than you might think.

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Popular Science Tuesday, October 23, 2018 - 10:22 Source

Satellites provide a safe and accurate alternative.

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Popular Science Tuesday, October 23, 2018 - 10:22 Source

So many gadgets, so little spending money...

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Popular Science Tuesday, October 23, 2018 - 10:22 Source

A mysterious and wonderful cuke.

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Popular Science Tuesday, October 23, 2018 - 10:22 Source

Did daylight savings mess you up again? Did you get a new job? Here's how to rise and shine!

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Popular Science Tuesday, October 23, 2018 - 10:22 Source

Children learn to handle their own feelings by observing how others deal with theirs.

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Popular Science Tuesday, October 23, 2018 - 10:22 Source

Researchers found the evidence of lungs for the first time in an avian dinosaur fossil.

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Popular Science Tuesday, October 23, 2018 - 10:22 Source

His name is Pando and he's very nice.

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Popular Science Tuesday, October 23, 2018 - 10:22 Source

Stress and sleeplessness are surprisingly lethal.

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