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Renew Economy Friday, January 22, 2021 - 15:46 Source

Golden Plains Wind Farm renderPlans to build one of Australia’s largest w

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Renew Economy Friday, January 22, 2021 - 14:49 Source

Princeton study says the US can reach net-zero emissions by 2050 or sooner and, if properly managed, it won’t break the bank.

The post Net zero America can be achieved by 2050, if not sooner, says study appeared first on RenewEconomy.

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MacroBusiness Friday, January 22, 2021 - 14:40 Source

See our Coronavirus data Dashboard for individual country data. COVID-19 statistics and cases around the World       Europe     United States US COVID-19 deaths compared to other major events COVID-19 deaths in the US have now surpassed the number of American military fatalities during World War II. Israel More COVID-19 Statistics and

The post Weekly COVID-19 (Coronavirus) statistics and analysis flipbook appeared first on MacroBusiness.

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MacroBusiness Friday, January 22, 2021 - 14:20 Source

The latest private health insurance coverage data from APRA revealed that the private health hospital coverage of adults fell to a new low of 43.8%, and has fallen by 3.3% since the Coalition took office in 2013: Separate annual data from APRA also shows that coverage has collapsed amongst healthy young cohorts while rising among the

The post Private health insurers shuffle deck chairs on Titanic appeared first on MacroBusiness.

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MacroBusiness Friday, January 22, 2021 - 13:40 Source

CBA has released its household spending intentions for December, which remain bullish as Australians emerge from COVID restrictions: Summary The Household Spending Intentions (HSI) series for December 2020 showed that at the end of last year there was a very welcome improvement in spending intentions for Travel, Health & Fitness, Entertainment and Motor Vehicles. Home

The post CBA: Household spending intentions rising appeared first on MacroBusiness.

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MacroBusiness Friday, January 22, 2021 - 13:40 Source

CoreLogic has released its Q4 Auction Report, which shows the market booming as 2020 drew to an end: CoreLogic’s Auction Market Review for the December quarter 2020 saw the combined capital city clearance rate continue to strengthen, while auction volumes increased by 44 per cent over the same period. The combined capital city clearance rate

The post Auction rebound points to higher property prices appeared first on MacroBusiness.

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Renew Economy Friday, January 22, 2021 - 13:23 Source

UNSW and USYD researchers say new methods for producing ammonia, key to hydrogen transport, eliminate need for high temperatures, high pressures, and fossil fuels.

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MacroBusiness Friday, January 22, 2021 - 13:20 Source

Last year, NSW Planning Minister, Rob Stokes, used COVID as an excuse to turbo-charge development: NSW planning processes and development applications will be fast-tracked in a bid to support the construction sector and maintain jobs during the COVID-19 pandemic. Assessments of state significant developments, rezoning and development applications will be accelerated under the changes announced

The post In NSW property narco state, developers rule appeared first on MacroBusiness.

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MacroBusiness Friday, January 22, 2021 - 13:00 Source

ANZ Research has released a new report on the New Zealand property market, which claims that a “perfect storm” has developed that has driven “unprecedented gains”: Record Breaker House prices rose 2.9% in December, following similar stellar rises in October and November. This saw a quarterly gain of 7.7% for Q4 (figure 1) – the

The post NZ property market experiencing “perfect storm” and “unprecedented” price gains appeared first on MacroBusiness.

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MacroBusiness Friday, January 22, 2021 - 13:00 Source

Awesome. Via The Australian: Australia’s universities have been warned by new Education Minister Alan Tudge that it will be “very difficult” to get significant numbers of foreign students back on campus this year, amid fears the COVID-ravaged sector will lose up to $10bn from the closed international border. In his first interview since Prime Minister

The post Mirabile dictu: International students caput for 2021 appeared first on MacroBusiness.

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MacroBusiness Friday, January 22, 2021 - 12:40 Source

Businesses in Sydney’s northern beaches area have called for JobKeeper to be extended, while the Restaurant & Caterers Association has deepened calls for an industry-focused ‘HospoKeeper’: Restaurant and Caterers Association chief executive Wes Lambert wants an industry-focused “HospoKeeper”. He said a slow deployment of a vaccine meant more industry-damaging lockdowns and border bans were possible…

The post Hospitality and tourism demand more bailouts appeared first on MacroBusiness.

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MacroBusiness Friday, January 22, 2021 - 12:20 Source

Via the AFR: So should Reserve Bank boss Philip Lowe be getting ready to stage an intervention to thwart an imminent surge in house prices. …Dr Lowe will have had a close look at the Reserve Bank’s own confidential research that argues that house values could jump 30 per cent over three years if near-zero

The post Why the RBA is happy with rising house prices appeared first on MacroBusiness.

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Renew Economy Friday, January 22, 2021 - 12:09 Source

Wind Farm Western Australia macquarie pipeline - optimisedWestern Australian gets 65 expressions of interest to produce and export renewable hydrogen at hub north of Geraldton – at least 10 from global corporate “super majors.”

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MacroBusiness Friday, January 22, 2021 - 12:00 Source

Via ITNews: The federal government has expanded the scope of Australia’s fledgling permanent migration scheme for highly-skilled technologists after tripling the program’s intake for this financial year. The change is contained in new direction for the two feeder visas used for the ‘Global Talent Independent’ (GTI) program – subclass 858 and subclass 124 – quietly

The post Scomo quietly explodes IT migrants appeared first on MacroBusiness.

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MacroBusiness Friday, January 22, 2021 - 11:40 Source

After abrogating responsibility for quarantining of overseas arrivals to the states, Prime Minister Scott Morrison has rejected QLD’s sensible proposal to shift quarantine from city hotels to regional mining camps, claiming resources workers could become infected and thus hamper Australia’s economic recovery: Ahead of national cabinet on Friday, Mr Morrison expressed scepticism about Premier Annastacia

The post Scott Morrison has no idea on quarantine appeared first on MacroBusiness.

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MacroBusiness Friday, January 22, 2021 - 11:39 Source

The ABS has released preliminary retail sales for December, which fell sharply from November and missed analysts’ expectations: Key statistics The seasonally adjusted estimate fell 4.2% (-$1,329.9m) from November 2020 to December 2020. In seasonally adjusted terms, Australian turnover rose 9.4% in December 2020 compared with December 2019. Following the November rise, all industries except for Cafes, restaurants and takeaway food services

The post Christmas retail sales disappoint appeared first on MacroBusiness.

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MacroBusiness Friday, January 22, 2021 - 11:20 Source

Via Goldman: China – stability may be necessary and sufficient. A strong print in Q4 growth rounded off the solid recovery we have seen in Chinese GDP through 2020, and it is important to reiterate that a robust growth backdrop in China is a key ingredient ofour pro-cyclical stance across global markets. It is often

The post The great China slowing has already resumed appeared first on MacroBusiness.

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Renew Economy Friday, January 22, 2021 - 11:11 Source

Joe Biden us presidency climate policy election donald trump -optimisedBiden administration instructed to “capture the full costs of greenhouse gas emissions" in accordance with the science and taking global damages into account.

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MacroBusiness Friday, January 22, 2021 - 11:00 Source

By Gareth Aird, Head of Australian Economics at CBA: Key points: Growth in household income has inched higher over the past few months despite the two-staged tapering of the JobKeeper and JobSeeker payments. Growth in salary and wages paid into CBA bank accounts has lifted materially over recent months reflecting strong growth in employment, hours

The post CBA: Household income and savings booming appeared first on MacroBusiness.

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xkcd.com Friday, January 22, 2021 - 11:00 Source

To prove you're human, please click all the number pairs that appear together in your Social Security number.

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MacroBusiness Friday, January 22, 2021 - 10:40 Source

Via Westpac’s always excellent Justin Smirk: There has been a stunning recovery in the labour market but the rising share of part-time employment, rising participation and still elevated unemployment suggests the market is quite different to what it was pre-COVID. Total employment: 50k from 90k (revised from 90k); Unemployment rate: 6.6% from 6.8% (unrevised 6.8%);

The post Westpac: COVID has changed the labour market appeared first on MacroBusiness.

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MacroBusiness Friday, January 22, 2021 - 10:20 Source

Via Morgan Stanley: Increasing noise on possible policy reversal: Shanghai Metals Market (SMM) reported yesterday that the Chinese government was in the preliminary stages of lifting its informal ban on Australian coal imports, but that such a move would still need to be approved by senior leaders. There has been no official comment on the article.

The post China mulls lifting coal ban as Aussie trade war backfires big appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, January 22, 2021 - 10:16 Source

Any cries from the Morrison government championing the gains in unemployment figures being tied to a greater economic outlook has a premature ring to it, Australia’s union movement said on Thursday. As the nation’s unemployment figures fell by 0.2 percent to 6.6 percent for the month of December, according to the Australian Bureau of Statistics…

The post Unemployment down, but recovery still way off: ACTU appeared first on The AIM Network.

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MacroBusiness Friday, January 22, 2021 - 10:00 Source

Yesterday’s ABS labour force release for December revealed that Australia’s youth unemployment rate – i.e. for those aged 15 to 24 years old – fell sharply on the back of a sharp fall in the participation rate. The headline youth unemployment rate fell 1.7% to 13.9% but remains more than 2.5 times higher than the

The post Youth labour market continues to lag appeared first on MacroBusiness.

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MacroBusiness Friday, January 22, 2021 - 09:40 Source

Iron ore prices for January 21, 2021: Spot and paper up. CISA released late December steel output: There was a serious demand surge into late December in China. This was the same period that steel inventories got run down so it was big.  It helps explain some of the explosive price action. No change to

The post Daily iron ore price update (demand surge) appeared first on MacroBusiness.

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MacroBusiness Friday, January 22, 2021 - 09:30 Source

  Last night saw the frothiness in risk markets take a small pause as bond yields rose slightly on the lower than expected US weekly jobless claims, as the latest ECB meeting also made no waves. The USD continued its retreat however, while commodities were mixed, Bitcoin crashed to a new monthly low. The cryptotulip was

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Friday, January 22, 2021 - 09:15 Source

scott morrison SnowyWill Morrison take Biden's lead on climate? The fact that he marked the moment of the US rejoining Paris with a whirlwind tour of oil and gas projects is not a good sign.

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MacroBusiness Friday, January 22, 2021 - 09:00 Source

Data from Westpac: US weekly jobless claims eased back from last week’s high levels. Initial claims came in at 900k (vs. est. 935k, prior revised to 926k from 965k), with continuing claims at 5.054mn (est. 5.3m, prior revised to 5.18m from 5.27m). Housing starts rose 5.8% (est. 0.8%, prior revised up to 3.1% from 1.2%), and permits rose

The post Wall St remains bullish Australian dollar appeared first on MacroBusiness.

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Your Democracy Friday, January 22, 2021 - 08:58 Source

convenient...

As they develop a coherent narrative and unifying ideology, extremist movements and leaders increasingly come out of the shadows and communicate over open forums in an effort to recruit and radicalize a wider following.

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Your Democracy Friday, January 22, 2021 - 06:10 Source

bidenrama

Among the many familiar Catholic references in Joseph R. Biden Jr.’s inauguration speech, one stood out as surprising: a quote from St. Augustine.

 

"Many centuries ago, Saint Augustine, a saint in my church, wrote that a people was a multitude defined by the common objects of their love, defined by the common objects of their love."

 

 

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