Blogotariat

AGL and South Australia reach deal on extension to Torrens Island gas generators, needed because of delays to the new transmission link to NSW.

Unfortunately for the US, the Mango Paedo was allowed to give a speech at the UN1. Most of it was self-aggrandisement, lies and stoking the fear of foreigners he relies on to obtain votes from the gullible. To read it is like reading a story from a child with little or no concept of truth. It is extremely embarrassing for the US, that a conman who aims his speeches at his numerous rallies to the gullible MAGAts, believes such a silly speech could impress knowledgeable ambassadors, national leaders and sundry other functionaries, is astonishing.

Following the release of the ABS monthly inflation data for August, the outlook for interest rates held by various banks changed in a matter of hours. The figures showed that annual headline inflation rose to 3.0%, up from 2.8% in July, hitting the top end of the RBA’s target band for the first time since

The post Recession, rate cuts and the Reserve Bank appeared first on MacroBusiness.

The entire taxation arrangement around electric vehicles (EVs) is a reverse Robin Hood scenario, as it takes taxes from the poor to give to the rich. Michael Read at The AFR reported that the cost of the Fringe Benefits Tax (FBT) exemption for EVs has “blown out thirteenfold, and the benefits are disproportionately flowing to

The post Australians pay for bottomless EV subsidies appeared first on MacroBusiness.

Analysis from the OECD, published in The AFR, shows that Australia ranks second-last among wealthy nations in terms of productivity growth since the COVID-19 pandemic. EY’s chief economist, Cherelle Murphy, says the decline is partly attributable to “capital shallowing”—the fact that local companies are not investing enough capital in new equipment to match the growth

The concept of fairness plays a crucial role in shaping the collective consciousness of Australians and shaping our national identity. From the days of Simpson and his donkey delivering wounded diggers to safety from the fires of the Ottoman guns at Gallipoli over a century ago to the present day, much of how our nation

The post Australia – The exploitation nation appeared first on MacroBusiness.

First stage of what will be Australia's biggest battery energised for the first time, with its owners now contemplating an additional eight-hour storage addition.

Following the release of the monthly CPI for August, headlines about skyrocketing electricity prices began to circulate, highlighting the 24.6% year-on-year increase in electricity costs. While that is certainly true as measured by the CPI, the reality is quite a bit more complicated, and the headline rise in power prices is going to worsen significantly

The post Rocketing electricity prices and the CPI appeared first on MacroBusiness.

AGL Energy's big battery at Liddell is about to enter the commissioning process, just over two years after the shutting down of the ancient coal fired power station.

The US must prepare for war, Secretary of Defense [OF WAR] Pete Hegseth has told a gathering of senior military commanders. He called it a matter of utmost urgency but did not name any specific adversaries America could face in the near future.

The Pentagon has recently completed two major policy reviews, one of which was a new National Defense Strategy that shifts priorities from China to homeland security and the Western Hemisphere.

NSW opens tender for 500 MW of new firming capacity - likely batteries and demand response - to help fill potential gap in state's major load centres.

One critic noted Trump’s plan for Gaza “contains numerous opportunities for Netanyahu to renege on his commitments, as he has repeatedly done in the past".