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The Australian Independent Media Network Wednesday, January 24, 2018 - 06:00 Source

Wednesday 24 January 2018 Leading your party in Opposition must surely be a job you wouldn’t wish on your worst enemy. It’s a thankless, powerless task that has few positives but comes with enormous expectations from those who follow you. Releasing policy is considered precarious until the election campaign begins. The media focuses on the…

The post Day to Day Politics: Being an Opposition Leader sucks. So get off his back. appeared first on The AIM Network.

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MacroBusiness Wednesday, January 24, 2018 - 00:25 Source

Via AEP: “All the market indicators right now look very similar to what we saw before the Lehman crisis, but the lesson has somehow been forgotten,” said William White, the Swiss-based head of the OECD’s review board and ex-chief economist for the Bank for International Settlements. Professor White said disturbing evidence of credit degradation is

The post William White: It’s worse now than pre-GFC appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 24, 2018 - 00:19 Source

McGrathmaggedon himself unleashed torrent of fake news yesterday at a spruiker event: “We will be moving forward at a pace not seen before. This business has incredible greatness and resilience,” Mr McGrath said, according to a copy of remarks provided by the company. “We will be laser-focused, customer-centric, fast, agile and our innovative heritage will once again

The post Why McGrathmaggedon has just begun appeared first on MacroBusiness.

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Harrangue Man Wednesday, January 24, 2018 - 00:16 Source

Black cat, bad catThe black cat has a habit of sneaking under the double bed around bedtime so she can come out and lick someone at 3 am.We have two ways into the big room—through the shared bathroom or the door to the room from the corridor. She is black and waits in the dark. If you open the door to the room she will dart in and go under the bed.Thus far the only way to get her out is to entice her out—or rage lift a double mattress—by luring her with promises of wet cat food, the kind that comes in silvery pouches.

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North Coast Voices Wednesday, January 24, 2018 - 00:16 Source

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North Coast Voices Wednesday, January 24, 2018 - 00:15 Source

On the Line Limited state that it is a professional social health business that provides counselling support, anywhere and anytime, primarily via telephone, web chat and online support through the rather bluntly named  MensLine Australia, Suicide Call Back Service, SuicideLine Victoria, a Department of Defence All Hours Support Line After Hours Service and other geographically specific services.On the Line Limited also provides tailored counselling services for corporate, member and community organisations.According to its

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MacroBusiness Wednesday, January 24, 2018 - 00:12 Source

Via Financial Standard: One of Australia’s first funds to specialise in crypto asset investments is now open to wholesale investors with its first investment planned for February 1. Apollo Capital is accepting minimum buy-ins of $50,000 and will invest in digital currencies, other blockchain-based assets and initial coin offerings (ICOs). Described as an actively managed

The post Aussie crypto fund opens (to the sound of crickets?) appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 24, 2018 - 00:10 Source

Global Macro/Investing/Economics Magnitude 8.0 earthquake strikes Gulf of Alaska – Earthquake.gov Netflix crosses $100 billion market capitalization as subscribers surge.Netflix Inc snagged 2 million more subscribers than Wall Street expected in the final three months of 2017, tripling profits at the online video service. – Reuters Banks and Fintechs Are Duelling In a ‘War For Talent’ – Bloomberg

The post Links 24 January 2018 appeared first on MacroBusiness.

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Inside Story Tuesday, January 23, 2018 - 21:37 Source

In La Foa, about 100 kilometres north of Noumea, a monument erected in 2003 is inscribed with the declaration made by a French naval commander on taking possession of New Caledonia for Napoleon III a century and a half earlier. It makes no mention of the indigenous population.

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The Australian Independent Media Network Tuesday, January 23, 2018 - 20:45 Source

It seemed so much busier, much more manic and crowded than the one year that had passed. Since his inauguration, President Donald Trump continues to excite the same headlines and explosions that began even before he made it to the White House. By the time he got there, there were protests galore at agendas yet…

The post One Year of Trump: The Defenders of Fictional Democracy appeared first on The AIM Network.

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Your Democracy Tuesday, January 23, 2018 - 19:50 Source

IF ANYONE had seriously thought that the year ended well for the Prime Minister, promising renewed leadership, enhanced authority and clearer policy direction, his rapid advance and equally rapid retreat on the republic would have brought them back to ground. The new year had barely begun before the reinvigorated Turnbull, buoyed by the rare success of the same-sex marriage legislation, showed himself to be no different from the previous year’s disappointing model.

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John Quiggin Tuesday, January 23, 2018 - 18:33 Source

That’s the title of my latest piece in Inside Story. Nothing that will surprise anyone who’s been paying attention to what I’ve written on this, so I’ll just cite the conclusion

Since bitcoins are not useful as a medium of exchange, or desirable in themselves, their true value is zero. The highest price at which bitcoins have traded is around $20,000. At the time of writing, the market price is halfway between that level and zero. Pay your money (or not) and take your chances.

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MacroBusiness Tuesday, January 23, 2018 - 17:29 Source

A solid day in Asia with all stock markets putting on meaningful gains on the back of the re-opening of the US government overnight which led to more record highs on US bourses. The Aussie dollar has fallen back against all the majors in the wake of the BOJ meeting and the lack of Japanese

The post Macro Afternoon appeared first on MacroBusiness.

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Prosper Australia Tuesday, January 23, 2018 - 16:08 Source

The debate over tax policy in Australia has reached fairly mediocre levels. The best the Federal Government can muster is a company tax cut, which they intend to by stealth replace with income tax via bracket creep. Meanwhile the natural bounty of land is ever increasing in price via debt leveraging and population growth, worsening […]

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Renew Economy Tuesday, January 23, 2018 - 14:54 Source

The Tesla big battery has shifted from showing off its different capabilities and is now in the business of making money for its owners. Last week's heatwave and price gyrations presented the perfect opportunity.

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Renew Economy Tuesday, January 23, 2018 - 14:42 Source

New database launched by RenewEconomy and Sunwiz shows 161 large scale solar projects completed or in the pipeline, representing some 19GW of potential capacity.

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Renew Economy Tuesday, January 23, 2018 - 14:36 Source

Australian battery company Redflow Limited has achieved a second manufacturing milestone by successfully producing the first battery electrode stacks from its new factory in Thailand.

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Renew Economy Tuesday, January 23, 2018 - 14:01 Source

The Granville Harbour wind farm will contribute towards plans to double Tasmania’s renewable energy capacity and make it the Battery of the Nation.

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Renew Economy Tuesday, January 23, 2018 - 13:55 Source

Port Augusta solar thermal on track as renewables attract investment and create jobs Port Augusta’s 150 MW solar thermal power plant is on track, with SolarReserve opening its Australian headquarters in Adelaide.

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Renew Economy Tuesday, January 23, 2018 - 13:53 Source

ESCO Pacific and Elliott Advisers (UK) Ltd. ("Elliott") are pleased to announce the successful financial close of the 98MW Susan River Solar Farm and 75MW Childers Solar Farm.

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Renew Economy Tuesday, January 23, 2018 - 13:52 Source

Electric cars might finally be having their moment in Australia, but falling costs alone won’t convert consumer sentiment into actual sales.

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Renew Economy Tuesday, January 23, 2018 - 13:26 Source

At Davos, the world’s economic elite will make much of climate crisis and their desire to green global capitalism; but will ignore one of the most powerful tools.

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Renew Economy Tuesday, January 23, 2018 - 13:23 Source

China installs more solar capacity than thermal capacity in 2017, while in the US Trump slaps tariffs on imported solar in effort to protect American coal.

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Renew Economy Tuesday, January 23, 2018 - 13:23 Source

China installs more solar capacity than thermal capacity in 2017, while in the US Trump slaps tariffs on imported solar in effort to protect American coal.

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MacroBusiness Tuesday, January 23, 2018 - 12:55 Source

The Aussie dollar is still poised at breakout within a bullish ascending triangle: XJO has the same pattern. It’s just that it is being humiliated by the S&P500: Aussie yields are also still poised at breakout: But Dalian is going the other way today as China’s inventory Everest weighs: Big Iron is fading: Big Gas

The post Red Sea parts, blind see, paralysed walk, ASX rallies! appeared first on MacroBusiness.

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

Via CoreLogic: Rental rates increased by 0.1% nationally in December 2017 with capital city rents unchanged and regional rents up 0.5%. The recent disparity between growth in rents in capital city and regional markets is mirroring what is being seen with dwelling values. At the end of 2017, weekly rents were recorded at $421 nationally,

The post Rents bottoming out? appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 23, 2018 - 12:21 Source

The PBOC has almost cracked the 6.4 handle vs USD with its new daily fix, setting a two year plus high for the burgeoning currency: From Forexlive: PBOC sets USD/ CNY central rate at 6.4009 sterday at 6.4112) In Open Market operations today, PBOC to: inject 80  yuan through 7 day reverse repos inject 80 

The post Yuan appreciates to two year high appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, January 23, 2018 - 11:33 Source

By Denis Bright In co-hosting the meeting of twenty foreign ministers in Vancouver at the Conference on developments in the Stability and Security of the Korean Peninsula both the Canadian and US Governments made rigorous preparations to minimise the risks of dissent between such a large international forum. The stability of such an unwieldy meeting…

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Renew Economy Tuesday, January 23, 2018 - 11:25 Source

New data confirms the 2020 RET will be met well ahead of time, and even energy minister Josh Frydenberg says more wind and solar will cut prices and improve reliability.

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The Australian Independent Media Network Tuesday, January 23, 2018 - 11:23 Source

By John Barker With some trepidation, I’m weighing in on “the Argument” – but why not? This is a slightly different perspective, informed from our recent 3 months on the “Silk Road” from Xi’an – the ancient, former capital of the Chinese Empire, to Istanbul – formerly Constantinople, the former capital of the Ottoman Empire.…

The post Australia Day – Invasion Day : Lessons from The Silk Road appeared first on The AIM Network.

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