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

By Leith van Onselen Remember this chart? It shows that Victoria’s population surged by an all-time high 127,500 people in the year to September 2016: And remember how the Liberal opposition pledged to shift Melbourne’s population growth to Victoria’s regions in a bid to take pressure off both housing and infrastructure in Melbourne? Well, it

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MacroBusiness Monday, April 24, 2017 - 13:30 Source

Via the AFR: Australia’s housing market may be at its peak in this cycle, according to some experts, and investors might be wondering whether they should look for alternative places to put their money. With four of the top twenty Australian companies trading at discounts to their long-run averages, the top tier of the stockmarket

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MacroBusiness Monday, April 24, 2017 - 13:07 Source

From doddering Gotti today: The federal government’s clamp down on overseas workers and the emotional rhetoric that goes with it has improved its voter appeal as measured in the polls. But unless immigration minister Peter Dutton gets the detail right, it will backfire dramatically and cost far more jobs than it generates. …In the detail

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MacroBusiness Monday, April 24, 2017 - 12:45 Source

By Leith van Onselen The ABC’s business editor, Ian Verrender, has penned a great piece today on how Australia’s mass immigration program has created the illusion of economic growth, while individual living standards are being eroded: Sometime in the next few weeks, there will be jubilation in the halls of Canberra when Australia assumes the

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MacroBusiness Monday, April 24, 2017 - 12:40 Source

Via Bloomberg: “We’re going from one world to another,” Peter Marcus, founder and managing partner of U.S. consultancy World Steel Dynamics, said in an interview in Shanghai. “We’re going to have mercantilism that’s going to promote domestic industries. The U.S. is going to win, and China is going to lose.” Prices in China could return

The post Chinese steel entering “zugzwang” calamity appeared first on MacroBusiness.

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Renew Economy Monday, April 24, 2017 - 12:31 Source

Pitching Tasmania as a ‘renewable energy engine’ for the nation is probably clever politics , but the main problem is that it's simply fanciful.

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Renew Economy Monday, April 24, 2017 - 12:24 Source

Top picks of the clean cars at the latest New York Auto Show, including a Cadillac, an e-Golf and Kia's plug-in hybrid.

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MacroBusiness Monday, April 24, 2017 - 12:04 Source

By Leith van Onselen The Turnbull Government plans to extend GST to imported online goods valued under $1000, effective from 1 July 2017 – a move Treasurer Scott Morrison claims will “establish a level playing field for our domestic retailers”. However, the Labor Party has called for a 12-month delay to ensure that the legislation

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MacroBusiness Monday, April 24, 2017 - 11:55 Source

While global markets party on the rise of Emmanuel Macron in France, Dalian has opened and immediately shed the good spirits as iron ore and coking coal futures tank: Big Iron is dutifully down: Big Oil is up despite the oil pounding, fishing for a low: Big Gold is mixed: Big Debt is enjoying the

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Popular Science Monday, April 24, 2017 - 11:54 Source

After 20 years, thousands of gorgeous photos, and a whole lot of science, the Cassini spacecraft is finally ready to retire. But there'll be no relaxing days on the beach for this old spacecraft; instead, it will go out in a blaze of glory. More specifically, NASA's planning to crash it into Saturn's atmosphere, where it will melt and vaporize.

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Popular Science Monday, April 24, 2017 - 11:54 Source

The Arctic, in our popular imagination, is a frozen expanse teetering figuratively and literally on the edges of human culture. It remains primal and wild and unsullied by human contagions. It's a nice idea, but one that doesn't match reality.

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Popular Science Monday, April 24, 2017 - 11:54 Source

About one in five Americans believes that the Sun revolves around the Earth. And if you happened to collect 12 of those people on a jury in which the orbiting properties of our solar system were up for debate, the headlines about the verdict would probably read “Earth revolves around Sun, declares American jury.” But that wouldn't make it true.

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Popular Science Monday, April 24, 2017 - 11:54 Source

Language is all about repetition. Every word you're reading was created by humans, and then used by other humans, creating and reinforcing context, meaning, the very nature of language. As humans train machines to understand language, they're teaching machines to replicate human bias.

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Popular Science Monday, April 24, 2017 - 11:54 Source

Your biological clock is probably the most reliable machinery in your body: it runs 24-7 to regulate vital functions from sleep to metabolism and remains stubbornly steadfast when you fly across time zones. Scientists still don't know exactly how this this internal clock works. But now researchers have identified a missing gear that could offer a cure for jet lag.

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Popular Science Monday, April 24, 2017 - 11:54 Source

Just over two years ago, Rob Brown was transfixed by an eBay auction. He and colleagues Chad Brown (no relation) and James Hashmi were bidding on a record pressing machine. It was the only one the new entrepreneurs could find, and it was in the middle of nowhere—in Russia. No one knew if it worked, or could even be refurbished back into working order. Yet, the bidding was feverish: Brown's team walked away, but the press ultimately sold for some $60,000.

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Popular Science Monday, April 24, 2017 - 11:54 Source

We eliminated measles in the U.S. in 2000. Somebody should tell the measles. Because even though the virus has no permanent home stateside, it keeps getting in—more and more, it seems.

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Popular Science Monday, April 24, 2017 - 11:54 Source

At 7:41 p.m. local time, the Tianzhou 1 robotic cargo ship blasted off on a Long March 7 rocket from the Wenchang Space Launch Center on Hainan Island. Now in orbit, it will soon rendezvous with the Tiangong 2 space station, in yet another first for the Chinese space program.

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Popular Science Monday, April 24, 2017 - 11:54 Source

On Thursday, Google announced that its Home smart hub device can now recognize and identify up to six different users by the sound of their voice. It's an inevitable—but crucial—step in the development of smart home virtual assistants. The new skill means that different people in a household will be able to ask the Google Assistant questions about what's on their calendar, or what their commute looks like, and the Home device will know who is speaking to it and give tailored responses. It'll make it a more streamlined experience for families sharing a smart home speaker hub.

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Popular Science Monday, April 24, 2017 - 11:54 Source

Although the night sky often seems so peaceful and still, a closer look reveals constant movement and change. The Intermediate Palomar Transient Factory (iPTF) in California looks for ephemeral phenomena in the heavens, like stars that fluctuate in brightness, or planets passing in front of their stars.

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Renew Economy Monday, April 24, 2017 - 11:51 Source

UK goes without coal power for 24 hours; a first since start of industrial revolution, but set to become "more and more common."

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MacroBusiness Monday, April 24, 2017 - 11:35 Source

A river of drivel today surrounding Vice-President Mike Pence’s Aussie visit. Grovelling central is the AFR: US President Donald Trump’s “massive” tax reduction plan, details of which are expected on Thursday, will have direct benefits for Australia, Vice-President Mike Pence says. He met privately with the chief executives of Westfield, Macquarie Group, Lendlease and Austral

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MacroBusiness Monday, April 24, 2017 - 11:24 Source

This is going to hurt at the margin. Three days after CBA, WBC is hiking fixed rates 30bps on interest-only fixed loans for owner-occupiers and 10bps for specufestors.

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MacroBusiness Monday, April 24, 2017 - 11:14 Source

From Macquarie: Most recent survey result gives the short signal The most recent reading of the steel survey released by Macq’s commodities team shows a sharp deterioration in both sentiment and orders – sentiment dropped to 38 from 80 just two months ago, and the order index, while higher than sentiment, is below 50 which

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MacroBusiness Monday, April 24, 2017 - 11:07 Source

Via The Guardian: Friday was Britain’s first ever working day without coal power since the Industrial Revolution, according to the National Grid. The control room tweeted the milestone on Friday. It is the first continuous 24-hour coal-free period for Britain since use of the fossil fuel began. West Burton 1 power station, the only coal-fired

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Renew Economy Monday, April 24, 2017 - 10:48 Source

AEMC's fundamental blind spot on "environmental sustainability" is at the core of why the rule-maker is providing poor advice to COAG and why the system is failing.

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Renew Economy Monday, April 24, 2017 - 10:34 Source

Scenarios by Australian Market Operator suggest wind and solar could be capable of providing 80 per cent of South Australia's electricity demand within 5 years.

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Renew Economy Monday, April 24, 2017 - 10:34 Source

Scenarios by Australian Market Operator suggest wind and solar could be capable of providing 80 per cent of South Australia's electricity demand within 5 years.

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MacroBusiness Monday, April 24, 2017 - 10:33 Source

From the magnificent Credit Suisse team today: Two steps back, another one sideways? There seems a fixation on whether we should call the situation in the gas market a crisis or not. We can think of numerous words for it, most of which aren’t publishable within a refined institution like Credit Suisse. Whatever we call

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The Australian Independent Media Network Monday, April 24, 2017 - 10:30 Source

By John Haly “We are bringing the 457 visa class to an end”, announced Mr Turnbull after Easter, “…We will replace it with two new temporary skills visas.” With a quick slight of hand, Turnbull re-branded the much criticised 457 visa with two – as yet unnamed – programs to bring foreign workers to Australia.…

The post Turnbull’s reinvention of the 457 visa scheme does little to aid Australia appeared first on The AIM Network.

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MacroBusiness Monday, April 24, 2017 - 10:19 Source

This is no longer a seasonal fall: Indeed, it is now materially below the comparable week in 2016 (which had already turned and was climbing) on macroprudential 2.0, which was itself down hard from 2015 on macroprudential 1.0. At the very least this is confirmation that recent tightening has blown the froth right off the

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