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Renew Economy Friday, September 20, 2019 - 10:33 Source

it is not ageing infrastructure holding Australia’s energy market back. It is ageing institutions that have failed to get a grid on technology change.

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MacroBusiness Friday, September 20, 2019 - 10:20 Source

Yesterday’s ABS labour force release for August revealed a mixed Australian youth labour market – i.e. those aged 15 to 24 years old – with falling unemployment offset by a record rise in underemployment. The trend headline unemployment rate fell slightly to 11.80% in August: Total employment growth for those aged 15-24 years rose marginally

The post Youth underemployment hits all time high appeared first on MacroBusiness.

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Your Democracy Friday, September 20, 2019 - 10:12 Source
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MacroBusiness Friday, September 20, 2019 - 10:00 Source

A lot more. Via Domain: Attorney-General Christian Porter says he is prepared to legislate “significant” wage theft penalties – likely to be up to 10 years’ jail – to deter the “unacceptable” practice of persistently underpaying workers, as the government grapples with stagnant wages and a slowing economy. In a wage theft discussion paper to

The post Government needs a lot more jails for bosses appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 09:40 Source

Some charts from Damien Boey at Credit Suisse offering a lead on the labour market after yesterday’s weakening read: I can see this coming as: dwelling construction crashes; infrastructure starts to plateau; the NDIS roll out halves; and consumption remains weak. If we get anywhere zero employment growth then the unemployment rate will spike straight

The post Unemployment has much futher to rise appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 09:20 Source

Liugate day whatever. The questions continue to mount. Today Domain has a good podcast on Gladys Liu, starring Dave Crowe and Chris Uhlmann, which leaks that Ms Liu addressed the Coalition party room on Hong Kong last week, leaving everyone bemused and concerned. At 15.40: What did she say? Why don’t we know? Why is

The post What did Gladys Liu say to ScoMo about Hong Kong? appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, September 20, 2019 - 09:00 Source

“I extend a special welcome to Australia’s former prime minister. It is in part due to his tough policy that we regard Australia as a model country. We especially respect it for the brave, direct and Anglo-Saxon consistency which it has shown on migration and defence of the Australian nation.” These words of Hungarian Prime…

The post “Strong Men” in Europe: Tony Abbott Visits Hungary appeared first on The AIM Network.

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MacroBusiness Friday, September 20, 2019 - 09:00 Source

Texture from Reuters: Investors are cautious as prospects of China’s economy remain uncertain, a Shanghai-based trader said. Demand can be maintained at the current level but is unlikely to grow further, said the trader, adding that supply of iron ore is relatively sufficient now. The question is not underlying demand. It is weak. The question

The post Daily iron ore price update (bash) appeared first on MacroBusiness.

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THE BLOT REPORT Friday, September 20, 2019 - 08:33 Source

I went to university
with Eric Abetz and upon the mention of his name, most people at the University
of Tasmania would simply roll their eyes. Everyone knew he was a religious
nutter. Time has not moderated that opinion of him, nor Abetz’s extreme
religiosity. The latter has been demonstrated subsequently and constantly with
his idiotic comments on same-sex marriage, homosexuality, transsexuals, the rainbow
flag and sundry other people or events he believes are beneath his rabidly
religious contempt. Given his religious ultraconservative outlook, Abetz is, of

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Renew Economy Friday, September 20, 2019 - 08:26 Source

LiddellBig stick just "another piece of information to take into account' according to AGL, as industry expresses its concerns.

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Your Democracy Friday, September 20, 2019 - 06:03 Source

snoopy

The newspaper comic strip section is a particularly and peculiarly American institution. I can’t deny that, being British, when I open the special Sunday edition comic pull-out—six pages’ worth, and all in color!—I feel a twinge of self-consciousness.

read more

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MacroBusiness Friday, September 20, 2019 - 05:42 Source

DXY eased last night as EUR firmed and CNY fell: The Australian dollar continues to fall versus DMs: Mixed against EMs: Gold firmed: Oil too: Metals were mixed: Miners fell: EM stocks eased: Junk firmed: Treasuries rose: Bunds too: And Aussie bonds: Stocks firmed: More US housing data last night indicating that the bond rally,

The post Australian dollar falls as US housing warms up appeared first on MacroBusiness.

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Club Troppo Friday, September 20, 2019 - 01:23 Source
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MacroBusiness Friday, September 20, 2019 - 00:10 Source

In the week ended 19 September 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, surged another 0.34%: The rise in values was again driven by Sydney and Melbourne, where values rocketed: Quarterly dwelling values are now rising solidly, again driven by Sydney and Melbourne: However, annual losses

The post CoreLogic weekly Australian house price update: skyrocket appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 00:09 Source

The OECD’s annual review of migration trends has revealed that Australia and New Zealand have the largest temporary migrant workforces in the world, which is raising competition for lower-income workers and suppressing wages: Australia had almost 750,000 permits for temporary migrants on issue in 2017, second in total number only to the US. As a

The post Temporary visa deluge fuels modern slavery appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 00:08 Source

The Australian Bureau of Statistics (ABS) yesterday released its Australian Demographic Statistics for the March quarter of 2019, which revealed that Australia’s population continues to grow manically led by surging net overseas migration (NOM), mostly into Sydney and Melbourne. According to the ABS, Australia’s population rose by 1.6% in the year to March 2019, well

The post Net immigration surges to 250,000 appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 00:01 Source

Global Macro / Markets / Investing: The Fed just pumped $128 billion into markets to pull down interest rates, its first injection in 10 years – Market Insider Fed cuts rates again, telegraphs more rate cuts by year end (another .25 basis points) – Yahoo Is Your Money Feeding Global Warming?: Money is the oxygen

The post Links 20 September 2019 appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, September 19, 2019 - 21:15 Source

The final results are in for the fiscal year 2018/19. The government’s May Budget prediction of a $4 billion deficit has come in officially at a $641 million deficit. Well, ring the bells, set off the firecrackers, send a telegram to the Queen. We almost made it. It’s as near to a surplus as you…

The post Frydenberg and Steel-Plated Boots appeared first on The AIM Network.

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The Australian Independent Media Network Thursday, September 19, 2019 - 18:45 Source

For years, we’ve been warned about the left turning us into a nanny state and trying to control everything. We’ve heard how the Communists want to control us and how the conservatives are the ones who believe in small government. “We are giving you tax cuts,” say the Liberals, “because we believe that people are…

The post How Good Is Communism? OR ScoMo The Trotskyist appeared first on The AIM Network.

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Harrangue Man Thursday, September 19, 2019 - 18:37 Source

Technocrats are always thinking about fixing things or improving them. The trick is getting a chance to be heard.A call went out for pitches so, fuck it, I pitched as hard as I could.

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Harrangue Man Thursday, September 19, 2019 - 18:25 Source

I lost my glasses yesterday in my room. I checked the usual spots then expanded the search. Knowing they were in my room somewhere but gripped in escalating distress since not being able to see clearly is distressing. I ended up with the mattress in the corridor and bedding stacked on shelves as in near tears I could not find them.Then I found them on the shelf which I had checked a dozen times.To have a not great body and not great eyesight is fucked. But eyes can be mostly assisted such as with glasses. Without them I felt as useless and pathetic as I have ever felt.

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MacroBusiness Thursday, September 19, 2019 - 17:00 Source

A generally positive day across Asian risk markets with a good response to the latest Federal Reserve cut, as the USD continued its gains against most of the majors. The Australian dollar tanked on the rise in unemployment which buoyed the local stock market, and this afternoon the BOJ held to its course, sending Yen

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, September 19, 2019 - 15:48 Source

By RosemaryJ36   This report was posted on Facebook today, being an article about Nationals Senator Sam McMahon and her disdain for renewable energy. It included the following: “I call upon my colleagues in this government to join me in examining a variety of means of collection of massive quantities of water delivered by our monsoonal…

The post Nuclear energy – no way appeared first on The AIM Network.

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Renew Economy Thursday, September 19, 2019 - 15:24 Source

Fiery AGL shareholder meeting sees company caught between growing shareholder calls for decarbonisation and a federal government demanding its ageing coal fleet remains online.

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MacroBusiness Thursday, September 19, 2019 - 15:06 Source

The Australian dollar has resumed its great sink today as bank and market observers pile in for rate cuts: Bonds are on fire: Stocks too: Dalian is weak: But nobody cares as Big Iron reaches for the skies. FMG hilarity! And Big Gas for that matter: Big Gold is forgotten though at least its AUD

The post Australian dollar, bond yields sink as rate cuts locked in appeared first on MacroBusiness.

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MacroBusiness Thursday, September 19, 2019 - 14:40 Source

From Roy Morgan Research: In August, Australians expected annual inflation of 3.9% over the next two years. This is down 0.2% on July and down 0.4% on a year ago in August 2018. Analysing Inflation Expectations by gender and age compared to a year ago shows the biggest declines have been for women of all

The post Inflation expectations continue to plummet appeared first on MacroBusiness.

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Renew Economy Thursday, September 19, 2019 - 14:34 Source

The Los Angeles Department of Water & Power voted unanimously to allow construction on the United States’ largest solar and battery energy storage system.

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Renew Economy Thursday, September 19, 2019 - 14:31 Source

OpenCEM – the free to use, open-source, capacity expansion model of the NEM - will help smash renewable energy myths and help design transition scenarios.

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MacroBusiness Thursday, September 19, 2019 - 14:20 Source

Via the excellent Damien Boey at Credit Suisse: The Fed delivered a “hawkish” easing this morning, cutting the Fed funds rate by 25bps to 1.75-2%, and the interest rate on excess reserves by 30bps to 1.8%. Importantly, officials reiterated their “median” guidance for no more rate cuts this year. Interestingly, there were three dissenters –

The post Has the Fed plugged the US dollar leak? appeared first on MacroBusiness.

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Renew Economy Thursday, September 19, 2019 - 14:19 Source

We'll be taking a long lunch on Friday – not in some weird throw-back to the 80s, but to support the global student-led fight against political inaction on change.

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