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Renew Economy Tuesday, May 19, 2020 - 14:39 Source

solar battery storage tesla victoria gess Gannawarra Energy Storage System - optimisedThe number and scale of battery storage installations paired with large scale wind and solar projects in the world's biggest electricity market continues to grow.

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The Australian Independent Media Network Tuesday, May 19, 2020 - 14:13 Source

Prologue: A Confession I want to get this out of the way early. As all critics of the Corporate Democrats must, I hereby pledge my allegiance to Vladimir Vladimirovich Putin, President of Russia. Since it is impossible to criticise Corporate Democrats without being a Russian Agent, I hereby confess now. It is not as though…

The post The DNC and the Democratic Base: An Abusive Relationship appeared first on The AIM Network.

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MacroBusiness Tuesday, May 19, 2020 - 14:12 Source

From News: China has slammed claims it backed down and Australia had a victory over the probe into COVID-19 as a “joke”. In the latest diplomatic war of words between the two nations, the Chinese embassy has lashed out at claims it has backed down over the investigation under international pressure. “The draft resolution on

The post China is right. A WHO inquiry is a “joke” appeared first on MacroBusiness.

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Renew Economy Tuesday, May 19, 2020 - 14:09 Source

Scott Morrison CoalThe prime minister, Scott Morrison, has just celebrated the first anniversary of his surprise election win in May 2019. And he’s been getting some glowing reviews from some predictable quarters. “A serious man for serious times,” headlined the Australian Financial Review in a piece written by the conservative commentator Tom Switzer. “Steady hand pays off...

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Renew Economy Tuesday, May 19, 2020 - 13:56 Source

Morrison government to establish a new mechanism to reward big emitters. It looks and smells like an emissions trading scheme, even if they won't say it.

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Renew Economy Tuesday, May 19, 2020 - 13:45 Source

Northvolt_Mobile_Voltpack_1_Vattenfall launch their Voltpack Mobile System, a versatile, mobile, and modular lithium-ion battery system designed to provide a zero-emission alternative to diesel generators.

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Renew Economy Tuesday, May 19, 2020 - 13:41 Source

Quinbrook Infrastructure Partners launches spin-off company to specialise in "critically important" solar and battery project development across North America.

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MacroBusiness Tuesday, May 19, 2020 - 13:40 Source

A few weeks back, Per Capita released a report arguing that the COVID-19 pandemic would be a financial boon for employment agencies that are members of the federal government’s Jobactive program. The think tank’s report suggested that Jobactive agencies would receive at least $210 million in additional service fees based on expectations that an extra

The post “Unethical” job agencies exploit Australia’s unemployed appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 13:20 Source

Callam Pickering, economist at global jobs site Indeed, has updated his Australian job listings data, which shows a continued improvement; albeit from highly depressed levels. As shown in the next chart, new job listings postings on Indeed for seven days or less have doubled since their low: However, they would need to double again to

The post Australian jobs listings continue climb out of gutter appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 13:00 Source

The Australian’s Adam Creighton believes that the COVID-19 shutdown will deliver a productivity dividend for Australia: If there’s a serious silver lining to lockdowns it’s that businesses, especially large ones, will become more efficient, freeing up resources. That spells lay-offs, which will be painful for the workers concerned, but ultimately beneficial if they end up

The post COVID-19 shutdown will deliver productivity dividend appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, May 19, 2020 - 12:49 Source

University of South Australia Media Release As the COVID-19 pandemic continues to spread across the globe, effective medical treatment against bacteria and viruses has never been more important. But society is running out of antibiotics. Bacteria are becoming resistant to treatment faster than new antibiotics are being developed, causing experts to fear there could be…

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MacroBusiness Tuesday, May 19, 2020 - 12:40 Source

Last week, it was Victorian Premier Daniel Andrew’s West Gate Tunnel that was facing massive delays and cost blowouts. Sadly, Daniel Andrew’s Metro rail tunnel is facing a similar fate. The consortium involved Metro’s construction is seeking up to $3 billion extra to complete the project, and has threatened to walk away if the government

The post Dan’s Metro Rail Tunnel slides into $3b black hole appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 12:21 Source

The ABS has released its weekly Payroll Jobs and Wages data, which reveals that total payroll jobs fell by 7.3% in the seven weeks from mid-March to early May, with Victoria leading the decline (-8.4%): The next chart shows that jobs (-7.3%) have fallen more sharply than wages (-5.4%): Wages have fallen most sharply in

The post VIC dominates COVID-19 job losses appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 12:00 Source

Chinese house prices were out yesterday and showed a sudden acceleration, up 0.5% on the month and 5.3% on year: The breadth of price rises expanded to 54 cities: Top tiers lagged: Here’s the raw data: It’s a little odd given sales remain shite: But that’s the rub in China. Monetary easing always ends up

The post Chinese house prices begin to bubble appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 11:40 Source

The Australian Prudential Regulatory Authority (APRA) has updated its data on the Morrison Government’s early release of superannuation policy, which reveals that just under $9 billion of payments have been made on nearly 1.2 million applications at an average payment of $7,242: Looking deeper into the data, we see that industry superannuation funds have dominated

The post Early superannuation release smashes industry funds appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 11:20 Source

Labor’s Kristina Keneally has called for greater labour market testing to ensure that temporary migrant workers fill general skills shortages, rather being used by employers as a tool to undercut wages and employment conditions: “When we’ve seen temporary migration levels soar… we’ve seen exploitation occur. And that exploitation has put downward pressure on wages. When

The post Memo to ALP: labour market testing of ‘skilled’ visas does not work appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 11:20 Source

The federal government must step into this disgrace, at The Australian: A student activist facing expulsion from the University of Queensland is being threatened with criminal prosecution over his handling of documents relating to the institution’s public response to anti-Beijing protests on campus. Drew Pavlou faces a disciplinary hearing on Wednesday following his protests and

The post UQ launches CCP-style lawfare to crush freedom-fighting student appeared first on MacroBusiness.

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Your Democracy Tuesday, May 19, 2020 - 11:16 Source

genius

President Trump on Monday announced that he has been taking the anti-malarial drug hydroxychloroquine to ward off the coronavirus.

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MacroBusiness Tuesday, May 19, 2020 - 10:40 Source

This morning I was interviewed by Luke Grant on Radio 2GB where I explained how the Australian Government should respond to China’s imposed trade war, as well as how Australian Universities have sold their soul to the Chinese Communist Party in the pursuit of international student dollars.

The post LvO demolishes CCP on Radio 2GB appeared first on MacroBusiness.

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Renew Economy Tuesday, May 19, 2020 - 10:30 Source

JinkoSolar takes aim at the super-competitive global utility-scale solar market, with the launch of an industry-leading 580W PV module.

The post JinkoSolar unveils 580W Tiger Pro module appeared first on RenewEconomy.

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MacroBusiness Tuesday, May 19, 2020 - 10:20 Source

More than 6.3 million workers are currently having their wages subsidised via the federal government’s $130 billion JobKeeper scheme. However, tax experts have warned that some businesses are exploiting the scheme by withholding invoices from clients for a month so they can meet the revenue reduction thresholds in order to quality for it. Bob Deutsch

The post JobKeeper ‘gamed’ but ATO on case appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 10:14 Source

ANZ-Roy Morgan Aus Consumer Confidence: ‘future financial conditions’ is now only ~5% below the long run average, but overall sentiment is closer to 20% below average. It seems reasonable to expect further gains in sentiment. #ausecon @DavidPlank12 @roymorganonline #ausretail pic.twitter.com/B4Z7nqppN1 — ANZ_Research (@ANZ_Research) May 18, 2020

The post Consumer confidence lifts to disastrous appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 10:13 Source

Westpac A$ ‘fair value’ midpoint hits a fresh 19yr low last week below 0.61 as falling swap rates/ rising risk aversion more than offsets higher iron ore prices. The A$ thus remains expensive above 0.63 for yet another week. #ausbiz pic.twitter.com/170Uj6zk3Q — Robert Rennie (@Robert__Rennie) May 17, 2020 Iron ore will put a dent in

The post Australian dollar still overvalued appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 10:00 Source

Can anyone say “sovereign risk”: S&P Global Ratings today said it has revised its outlook on Genworth Financial Mortgage Insurance Pty Ltd. (Genworth Australia) and Genworth Financial Mortgage Insurance Pty Ltd. (NZ Branch) to negative from stable. At the same time, we affirmed our ‘A’ insurer financial strength and issuer credit ratings on both entities. We also affirmed the rating on Genworth Australia’s subordinated

The post Genworth downgraded on Scomoprime appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 09:40 Source

Via the excellent Damien Boey at Credit Suisse: Welcome to the world of excess liquidity. World excess liquidity is defined as the the ratio of money supply to nominal output, aggregated across economies. It is a widely used concept that gets toward the idea of scarcity—too much money chasing too few goods. Monetarists, who view the world

The post What to do with world excess liquidity! appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 09:30 Source

By Chris Becker  Here comes the breakout and the second phase in the relief rally as risk markets go ga-ga over a potential vaccine for the coronavirus, while lapping up all the central bank “we will throw the kitchen sink at risk assets” mantra that continues to be rolled out by all and sundry. The

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 09:20 Source

Iron ore prices for May 18, 2020: Whoho! And we’re off. Spot to the moon. Paper…moon. I would like to see rebar break its downtrend too but the huge inventory overhang explains that. Port inventories are cratering. Add Brazil sinking into virus disaster and China reverting to form with building stimulus – which will get stronger

The post Daily iron ore price update (sky is the limit) appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 09:00 Source

I’m afraid it is an epochal stain that will keep it from power for decades. Labor cannot be trusted with China. Kevin Rudd is the exemplar: Former Labor Prime Minister Kevin Rudd has accused Scott Morrison of exposing primary producers to extra risk by taking the lead against China on a coronavirus inquiry while Beijing

The post Why Labor can’t be trusted on China appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 19, 2020 - 07:45 Source

DXY was belted last night: The Australian dollar universally flew: Gold was dumped: Oil to the moon: Dirt too: Miners! EM equity to the moon: EM junk to the moon! Bonds belted: Stocks to the moon but only Nasdaq hit record highs: Everything went right, via Westpac: Event Wrap COVID-19 update: The global case count,

The post Australian dollar to the moon as world fakes it ’til it makes it appeared first on MacroBusiness.

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Poll Bludger Tuesday, May 19, 2020 - 06:07 Source

A poll suggests a significant proportion of the population believes coronavirus was engineered in a Chinese laboratory, but other conspiracy theories remain consigned to the fringe.

The post Essential Research: coronavirus restrictions and conspiracy theories appeared first on The Poll Bludger.

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