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Renew Economy Monday, July 24, 2017 - 10:57 Source

Sunshine Coast becomes first council to complete its own large scale solar farm, and expects it to deliver $22 million in savings over life of plant.

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Renew Economy Monday, July 24, 2017 - 10:57 Source

Sunshine Coast becomes first council to complete its own large scale solar farm, and expects it to deliver $22 million in savings over life of plant.

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Renew Economy Monday, July 24, 2017 - 10:52 Source

None of the 21 authors of a critique of a major 100 per cent renewable energy scenario for the US even bothered looking at the modelling.

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Renew Economy Monday, July 24, 2017 - 10:52 Source

None of the 21 authors of a critique of a major 100 per cent renewable energy scenario for the US even bothered looking at the modelling.

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MacroBusiness Monday, July 24, 2017 - 10:36 Source

From CoreLogic today: Still weak, below 2014. If the index is worth anything then the big May bounce is working its way through prices now. Then price growth should soften. Full report.

The post CoreLogic leading mortgage index still weak appeared first on MacroBusiness.

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Renew Economy Monday, July 24, 2017 - 10:24 Source

Five years after meeting 40% of U.K.’s electricity supply, new data shows that coal only met 2% of the country’s power needs in last 6 months.

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Renew Economy Monday, July 24, 2017 - 10:24 Source

Five years after meeting 40% of U.K.’s electricity supply, new data shows that coal only met 2% of the country’s power needs in last 6 months.

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Renew Economy Monday, July 24, 2017 - 10:23 Source

A new chart shows that with nearly two months still left in the melt season, sea ice area is already below what would have been a yearly low in the 1980s.

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MacroBusiness Monday, July 24, 2017 - 10:17 Source

By Leith van Onselen The Australian has provided an interesting update on the mining town property bust, where home prices have fallen to levels not seen for a decade or more: Median prices in key mining centres in Queensland and Western Australia have fallen to below the average price of more than a decade ago,

The post Mining property bust sees prices fall to decade lows appeared first on MacroBusiness.

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xkcd.com Monday, July 24, 2017 - 10:00 Source

"You know lightning, right? When electric charge builds up in a cloud and then discharges in a giant spark? Ask me why that happens." "Why does tha--" "No clue. We think it's related to the hair thing."

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MacroBusiness Monday, July 24, 2017 - 09:50 Source

From Ross Gittins today: The collapse of the “neoliberal consensus” is as apparent in Oz as it is in Trump’s America and Brexitting Britain, but our big-business people are taking a while to twig that their power to influence government policy has waned. Their trouble is the way the era of micro-economic reform initiated by

The post Gittins: Rent-seeking golden age is ending appeared first on MacroBusiness.

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MacroBusiness Monday, July 24, 2017 - 09:41 Source

Via Pippa Malmgren at MacroVoices: I think it is a massive market and geopolitical issue. I have written a little article about this, which I put up on LinkedIn, where I said you have got to understand if the size of your debt problem is so big that it can’t be paid off and in fact

The post Blockchain “freaking out” governments appeared first on MacroBusiness.

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MacroBusiness Monday, July 24, 2017 - 09:30 Source

By Chris Becker  Another weekly record high for US stocks hasn’t been enough to drag up the rest of the risk market brigade as the USD falls by the wayside, leaving domestic currencies elevated as a result. With a busy economic calendar this week, starting with a ramp up in US quarterly earnings results, but

The post Macro Morning (Trading Week) appeared first on MacroBusiness.

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John Quiggin Monday, July 24, 2017 - 09:27 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

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The Melbourne Urbanist Monday, July 24, 2017 - 09:11 Source

The mainstream media likes to frame news to convey a sense of impending disaster – like Melbourne’s running out of water – but in this case it’s out of its depth Will Melbourne run dry in a decade?

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The Melbourne Urbanist Monday, July 24, 2017 - 09:09 Source

No matter what experts think, slowing population growth – and hence immigration – seems to be a very powerful political idea winning support across the demographic board Is popular support for city growth disappearing?

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The Australian Independent Media Network Monday, July 24, 2017 - 07:30 Source

The rise of Ministerial Advisers is examined by Dr Yee-Fui Ng. Peta Credlin, Kevin Rudd and Children Overboard are interesting inclusions.…

The post House Music: The Rise of Ministerial Advisers appeared first on The AIM Network.

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The Australian Independent Media Network Monday, July 24, 2017 - 07:30 Source

Apparently Federal Labor under Bill Shorten is considering significant reform of Australia’s tax system to bring in potentially billions in new annual revenue, and to address the scourges of disadvantage, inequality and poverty. Labor had already long since committed to reform on capital gains tax concessions and negative gearing; with some modest changes on superannuation…

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Global Guerrillas Monday, July 24, 2017 - 04:01 Source

The Ukrainian SBU now believes that the destruction of arms depot at Balakliya in March that did a billion dollars in damage was carried out by a small drone armed with a thermite grenade.

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MacroBusiness Monday, July 24, 2017 - 00:30 Source

Friday night saw more DXY weakness: Driven largely by EUR strength: The Aussie pulled back against both: And EM forex: Gold took off, reaffirming more USD weakness: Brent was pounded: Base metals held up: Big miners didn’t: EM stocks sold: But high yield rallied: US bonds were bought: And European: Stocks eased in the US

The post Has the Australian dollar already topped? appeared first on MacroBusiness.

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MacroBusiness Monday, July 24, 2017 - 00:20 Source

Over the weekend, Paul Kelly nicely wrapped where our political parties have come to: The Prime Minister and the Opposition Leader operate in a new politics. It is the world of Donald Trump, social fragmentation, fake news and discredited elites. But they are opposites, with rival political and emotional views of the nation’s mood. Turnbull,

The post One Nation holds the keys to Canberra appeared first on MacroBusiness.

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North Coast Voices Monday, July 24, 2017 - 00:16 Source

The Sydney Morning Herald, 20 July 2017:Jabiru, Northern Territory: Aboriginal people have lived in Australia for a minimum of 65,000 years, a team of archaeologists has established - 18,000 years longer than had been proved previously and at least 5000 years longer than had been speculated by the most optimistic researchers.The world-first finding, which follows years of archaeological digging in an ancient camp-site beneath a sandstone rock shelter within the Jabiru minin

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MacroBusiness Monday, July 24, 2017 - 00:15 Source

By Leith van Onselen Infrastructure Victoria CEO, Michel Masson, on Friday called on the state to take its time when deciding large infrastructure projects, while also arguing that it is often better to improve existing assets than to build expensive new ones. From The AFR: Australia should abandon its “childish” attitude of wanting new infrastructure

The post Population ponzi to gobble up Melbourne’s water supply appeared first on MacroBusiness.

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North Coast Voices Monday, July 24, 2017 - 00:15 Source

Australia in 2017  - known deaths due to violence against women  -  23 dead by July 12 [Destroy the Joint, 12 July 2017]A rarely spoken about aspect of domestic violence…………………"It is widely accepted by abuse experts (and validated by numerous studies) …..that evangelical men who sporadically attend church are more likely than men of any other religious group (and more likely than secular men) to assault their wives." [Professor of Theology Steven R, Tracy, 2007,‘Patriarchy and Dom

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MacroBusiness Monday, July 24, 2017 - 00:14 Source

By Leith van Onselen The Australian’s Judith Sloan penned the following on Friday about the heated debate that she had with University of Melbourne demographer, Peter McDonald, with respect to Australia’s turbo-charged immigration intake [my emphasis]: I was engaged in a relatively heated but civil discussion of immigration with University of Melbourne demographer Peter McDonald

The post Academic turns from mass immigration skeptic to booster appeared first on MacroBusiness.

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MacroBusiness Monday, July 24, 2017 - 00:12 Source

By Leith van Onselen CommSec has released its latest State of the States report, which again ranks New South Wales and Victoria on top due largely to a combination of strong population growth, housing, and debt-fueled consumption: How are Australia’s states and territories performing? Each quarter CommSec attempts to find out by analysing eight key

The post NSW, VIC parasites continue to drive ponzi economy appeared first on MacroBusiness.

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MacroBusiness Monday, July 24, 2017 - 00:10 Source

Anna Bligh is hard at work rebuilding trust in banking in South Australia: The Australian Bankers’ Association will campaign against the South Australian government-imposed bank tax until the state goes to the polls next March if it is not defeated in parliament, including daily advertising in local papers and stationing an action group in Adelaide. …ABA

The post Former premiers rebuild public trust in banking appeared first on MacroBusiness.

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MacroBusiness Monday, July 24, 2017 - 00:10 Source

CoreLogic released its auction report yesterday, which reported a continued firming in the national auction clearance rate to 74.8% from 72.4% last weekend, and was also above the 71.5% recorded in the same weekend last year: Auction volumes nationally were 1,712 – way above the 1,329 recorded in the same weekend last year. As shown above, Sydney’s

The post Auction clearances continue to strengthen appeared first on MacroBusiness.

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MacroBusiness Monday, July 24, 2017 - 00:10 Source

There are a few studies that show that the richer you are the better your investment returns – Thomas Piketty the French economist is probably the most well-known author in this space. A recent Vox article digs into these returns using detailed Swedish data and essentially finds the same thing. The top 5-10% of households

The post How do the rich get richer quicker? appeared first on MacroBusiness.

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MacroBusiness Monday, July 24, 2017 - 00:10 Source

By Leith van Onselen Joe Flood from affordable housing provider, Community Housing Limited, has argued that boosting housing supply does not lead to lower prices, citing house price and new home approval figures for 2016. According to Flood, new home commencements rose by 14,000 in 2016, but house prices showed no sign of falling, particularly

The post Lot prices, rather than “dwelling supply”, is what matters for affordability appeared first on MacroBusiness.

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