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The Australian Independent Media Network Thursday, November 26, 2020 - 09:27 Source

Outside the supermarket last week, there was a man sitting with a sign asking for help to get accomodation for the night. His upturned hat contained a few coins, so I decided to go and ask him if he could spare a few. “What?” he said, betraying a distinct lack of manners, when everybody knows…

The post Beggars, Choosers And Tim Wilson! appeared first on The AIM Network.

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Renew Economy Thursday, November 26, 2020 - 09:22 Source

Australian energy utility Origin Energy has thrown its hat deeper into the ring for the promising green hydrogen sector, flagging plans for a huge 300MW electrolyser in Townsville and production of more than 36,000 tonnes of green hydrogen a year for the export markets. Origin has also signalled its interest in building up to five...

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MacroBusiness Thursday, November 26, 2020 - 09:20 Source

Iron ore prices for November: Spot up. Paper too. We seem to be close to equilibrium here but don’t quote me on it. Empties firmed a little: Is the Pilbara killer more filler? At Caixin: We’ll know soon enough. No change from me. Firm pricing through Q1,21 then down.

The post Daily iron ore price update (Pilbara killer filler) appeared first on MacroBusiness.

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MacroBusiness Thursday, November 26, 2020 - 09:00 Source

Several of the recent demands made by China for the end of Australian democracy landed directly upon the media, from which it required silence: Your ABC has been delivering in spades. Chinese agent of influence and Yancoal lobbyist, Geoff Raby, is now rampant at the national broadcaster. There is barely a piece that does not

The post Your ABC abandons freedom for crayfish appeared first on MacroBusiness.

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MacroBusiness Thursday, November 26, 2020 - 07:16 Source

DXY is at breaking point: The Australian dollar is at break out point: Gold held, oil surged: Metals are unstoppable: Miners did stop: EM stocks are lofty: Junk was firm: Treasuries bid despite oil: Stocks rotated back to tech: It’s more of the same. The European virus is falling fast but so is economic activity,

The post Australian dollar surges into global economic stall appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, November 26, 2020 - 06:00 Source

Looking back on my writing for 2020 and what has motivated it the most common ingredient has been a sense of frustration that I’m not having the impact I once did. By that I mean my readership has dropped a little. I want more people to know the truth. Perhaps I have become too repetitive…

The post This government isn’t fit for purpose appeared first on The AIM Network.

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MacroBusiness Thursday, November 26, 2020 - 00:15 Source

Following the Retirement Income Review’s scathing assessment of Australia’s compulsory superannuation system, the architect of the system, Paul Keating, too to ABC’s 7.30 Report to rubbish the Review’s findings with a bunch of lies and obfuscation: LEIGH SALES: Let me ask you address the point that we heard the Reserve Bank Governor make and it

The post Defensive Paul Keating lies again on super appeared first on MacroBusiness.

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MacroBusiness Thursday, November 26, 2020 - 00:10 Source

The federal government yesterday released the 2019 Financial Report for Higher Education Providers, which revealed that Australia’s universities earned over $10 billion in fees from international students in 2019 – a record 27% of their revenue: The report also debunks the claim that the federal government has continually cut funding to universities: That is, despite

The post Universities’ international student addiction beggars belief appeared first on MacroBusiness.

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MacroBusiness Thursday, November 26, 2020 - 00:07 Source

Der, at Bloomie: More than $500 million worth of Australian coal is on ships anchored off Chinese ports, as a diplomatic spat between the two countries cuts into trade, idles a portion of the world’s dry bulk carriers and threatens to spiral into a humanitarian crisis. More than 50 vessels have been waiting a month

The post China shoots self in foot with coal blockade appeared first on MacroBusiness.

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MacroBusiness Thursday, November 26, 2020 - 00:01 Source

Global Macro / Markets / Investing: Elon Musk has added $100.3 Billion to his Net Worth and Overtaken Bill Gates to Become World’s Second-Richest Person – Tech Elevation While the Stock Market Is Facing a Bubble, Warren Buffett Opts for the Best Possible Value in His Eyes – Medium New Era Requires New Approach to

The post Links 26 November 2020 appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, November 25, 2020 - 21:47 Source

A mandatory Australian media code legislation aimed at Silicon Valley’s largest digital media giants is now closer to passage after the Australian Consumer and Competition Commission (ACCC) relented on its original draft and has now included public broadcasters ABC and SBS in the government’s proposed mandatory news code legislation. Whereas the ACCC’s original draft excluded…

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The Australian Independent Media Network Wednesday, November 25, 2020 - 19:06 Source

There are not just two certainties in life – there are actually at least three, and the third is one that conservatives try to ignore. Yes – number one is death, which is inevitable, and the only options we have are to preserve life as long as possible by avoiding accidents and looking after our…

The post The THREE certainties in life appeared first on The AIM Network.

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MacroBusiness Wednesday, November 25, 2020 - 17:30 Source

Stock markets are largely higher across Asia but there is some buying exhaustion setting in as the positive spin on the US election and vaccine news begins to wane despite the record high on the Dow Jones overnight. The USD continues to firm up against most of the majors with Bitcoin trying to pip above

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Wednesday, November 25, 2020 - 15:49 Source

greenhouse gas emissions - optimisedWhile state governments are basked in praise for ambitious clean energy policies, a flurry of fossil fuel projects quietly get the green light.

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Renew Economy Wednesday, November 25, 2020 - 15:32 Source

Kea Energy has begun construction of the largest utility solar plant in New Zealand, with the 2.5MW plant situated in Marlborough.

The post New Zealand’s largest utility solar power plant transacted using Bitcoin Kea appeared first on RenewEconomy.

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The Australian Independent Media Network Wednesday, November 25, 2020 - 15:00 Source

Australian Institute of Health and Welfare Media Release A new report from the Australian Institute of Health and Welfare shows increases in emergency department visits for respiratory problems and sales of asthma medication in regions affected by the 2019–20 bushfires. The report, Australian bushfires 2019–20: Exploring the short-term health impacts, examines some of the short-term…

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MacroBusiness Wednesday, November 25, 2020 - 14:40 Source

According to the ABS’ Provisional Mortality Statistics, winter deaths fell below average due to COVID-19 social distancing restrictions: 92,015 doctor certified deaths occurred before 25 August. Deaths rose in the second half of winter but remain below average. Respiratory disease deaths have been lower than historical minimums since June… There were 7,941 deaths from respiratory diseases between 1

The post COVID-19 restrictions drive fall in winter mortality rate appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 25, 2020 - 14:20 Source

In June 2019, Sydney’s 132-apartment Mascot Tower was evacuated after large cracks were discovered. Fresh cracks appeared in February, prompting authorities to close shops and set up an exclusion zone around the building. Then in April it was revealed that apartment owners are face a repair bill of $53 million, or $405,300 per apartment. Thus,

The post Mascot Tower owners still suffering 17 months later appeared first on MacroBusiness.

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Renew Economy Wednesday, November 25, 2020 - 14:19 Source

regulator Solar Panels on rooftop Roof suburb stockland - optimisedCER says that rooftop solar installs on track to set new records in 2020, and large-scale market has survived a Covid investment blip.

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Renew Economy Wednesday, November 25, 2020 - 14:13 Source

Australia reaches highest position ever on EY Renewable Energy Country Attractiveness Index, boosted to third place by green hydrogen and solar export plans.

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MacroBusiness Wednesday, November 25, 2020 - 14:00 Source

The South Australian Government has announced an overhaul of its hotel quarantine system after systemic failures led to an outbreak numbering 29 cases: South Australia has announced urgent plans to overhaul its medi-hotel system, amid a coronavirus cluster that emerged from Peppers Waymouth Hotel in Adelaide. Those changes include moving all people who test positive

The post South Australia overhauls hotel quarantine system appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 25, 2020 - 13:40 Source

Via Credit Suisse: Consistent with our message in recent months, we expect barely positive global industrial production (IP) growth between October and February. This is a sharp deceleration following the extraordinary summertime bounce from the spring’s shutdowns. We forecast global IP momentum (3m/3m annualized growth) to bottom in January or February at a level in

The post CS: One more virus bust for the road appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 25, 2020 - 13:20 Source

Professor Nicholas Gruen from Lateral Economics has called for Australia’s superannuation system to be overhauled, labelling it a union “gravy train”: “Unfortunately unions have turned the system into a gravy train for the retirement of their own officials onto boards,” Professor Gruen said. “But if they could see the larger game, they’d end up with

The post Nick Gruen slams superannuation union ‘gravy train’ appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 25, 2020 - 13:00 Source

Last week the Morrison Government signed the giant secret trade deal called the Regional Comprehensive Economic Partnership (RCEP). The RCEP is led by China and will also comprise members of the Association of Southeast Asian Nations plus Japan, South Korea, New Zealand and Australia. Now China has indicated that it is interested in joining the

The post China must not be allowed to dominate regional trade deals appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 25, 2020 - 12:40 Source

Data from RateCity shows that banks have slashed deposit rates since the RBA’s latest interest rate cut, with the average ongoing savings rate across the banking system now just 0.46%: According to RateCity, 30 banks have taken a knife to interest rates since the RBA cut, with the average ongoing savings rate across the banking

The post Savers slaughtered as deposit rates crater appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 25, 2020 - 12:20 Source

The ABS has released data on the value of construction work done for the September quarter of 2020, which registered another 2.6% seasonally-adjusted decline in total construction activity over the quarter – the ninth consecutive quarterly decline – and a 4.2% decrease over the year: However, the result disappointed analysts’ expectations of a 2.0% decline

The post Residential construction collapses appeared first on MacroBusiness.

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Renew Economy Wednesday, November 25, 2020 - 12:04 Source

The key to managing the booming installations of rooftop solar, battery storage and EVs is find out what lies behind the meter in South Australian homes.

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MacroBusiness Wednesday, November 25, 2020 - 12:00 Source

At the New York Times today Fu Ying, a former ambassador and vice foreign minister of China, and the director of the Center for International Security and Strategy and an adjunct professor at Tsinghua University. She is a vice chairwoman of the Foreign Affairs Committee of the 13th National People’s Congress. BEIJING — The domestic

The post Fu Ying might be the most dangerous woman in China appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, November 25, 2020 - 12:00 Source

Continued from: Of Eugenicists, Oligarchs and Psychopaths (part 13) By Outsider   In the early months of 2020 Bill Gates made many media appearances during the course of which he called for several controversial ‘solutions’ to COVID-19. Gates says his proposals, from calling for extended lock downs, health surveillance – that is to say, contact tracing,…

The post Of Eugenicists, Oligarchs and Psychopaths (part 14) appeared first on The AIM Network.

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Renew Economy Wednesday, November 25, 2020 - 11:59 Source

The string of new battery storage projects - bigger and smarter and multi-faceted - is eroding the case for gas.

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