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MacroBusiness Thursday, April 16, 2015 - 00:10 Source

Here are the iron ore price charts for April 15, 2015:    Spot retraced some with Tianjn benchmark back below $50 at $49.70. Paper was mixed with 12 month swaps down hard after short covering was exhausted and Dalian was flat (though it is up 3 points overnight at 395). Rebar average was silent. Reuters

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George Monbiot Thursday, April 16, 2015 - 00:04 Source

Just when hope and courage are called for, Labour promises bean-counting

By George Monbiot, published in the Guardian 15th April 2015

Labour’s 1983 manifesto is widely known as the longest suicide note in history. Its 2015 manifesto is the longest till receipt in history. It is costed and funded, ordered and itemised, and will electrify anyone who is aroused by the high wild cry of accountancy.

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MacroBusiness Thursday, April 16, 2015 - 00:02 Source

Cross-posted from Investing in Chinese Stocks. Are you new to stock investing? Do you get happy when stocks rise and nervous when stocks fall? Do you feel like you cannot go without checking on your stocks everyday? You might be suffering from stock market anxiety syndrome (AKA a stock market bubble), Xinhua: 新华社连发4文致新股民:别让涨跌左右了生活: In fact, this

The post Are you anxious about Chinese stocks? appeared first on MacroBusiness.

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MacroBusiness Thursday, April 16, 2015 - 00:01 Source

Global Macro / Markets / Investing: Monetary policy in the future – Brookings Druckenmiller Bets on Market Surprise With China Boom, Oil Rise – Bloomberg Druckenmiller: I just know this is going to end badly; I can feel it in my bones – Business Insider Global property bubble fears mount as prices and yields spike

The post Links 16 April 2015 appeared first on MacroBusiness.

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Wednesday, April 15, 2015 - 23:28 Source

Health policy news has been making headlines of late. There’s been: • the Federal Government’s long-awaited announcement on the new Primary Health Networks; • the move to financially penalise conscientious objectors to childhood...

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TPS Extra Wednesday, April 15, 2015 - 17:30 Source

It was way back in 1969, 45 years ago, that Laurence J Peter, Canadian educator and management theorist, formulated The Peter Principle, a concept in management theory in which the selection of a candidate for a position is based on the candidate's performance in their current role rather than on abilities relevant to the intended role. From this principle, he argued that employees stop being promoted only when they can no longer perform effectively, famously concluding that "managers rise to the level of their incompetence."

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Wednesday, April 15, 2015 - 16:06 Source

On the anniversary of the landmark Royal Commission, deaths in custody continue. Now is the time to remember Harrison Day, and the 98 others whose memory we have failed.

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Popular Science Wednesday, April 15, 2015 - 15:46 Source

The only bad thing about the frigid chill of winter getting lifted off the northern hemisphere is that the long warm days herald the arrival of blood-sucking demons sent straight from hell to torment us all. Or mosquitoes. They go by that name too.

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Popular Science Wednesday, April 15, 2015 - 15:46 Source

Drones are not really known for their amphibiosity. Most quadcopters handle water so poorly that their pilots will dive into canals to save them. Waterproof drones are novel enough that floating without failing is enough to be a selling point.

Read more Views: 370
Popular Science Wednesday, April 15, 2015 - 15:46 Source

Android 5.0 Lollipop already lets you skip the traditional lock screen via Trusted Face, which uses facial recognition to make sure you're you, or if you're connected to a Trusted Device, like a specific Bluetooth. Now, Google is adding a new smart lock: Trusted Voice, which uses voice recognition to check your identity.

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Renew Economy Wednesday, April 15, 2015 - 15:21 Source

India’s decision to allow U.S. dollar-based investment in solar energy could well be a game-changer for global energy markets and investors alike.

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Renew Economy Wednesday, April 15, 2015 - 15:14 Source

Energy White Paper dammed by Professor Ross Garnaut for promoting coal at expense of solar, and shaping tariffs in a way that will simply encourage consumers to quit the grid.

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Renew Economy Wednesday, April 15, 2015 - 14:48 Source

Carnegie Wave Energy in deal to develop projects in Chile and Peru, including power and desalinated water for the Easter and Robinson Crusoe islands.

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MacroBusiness Wednesday, April 15, 2015 - 14:43 Source

From Investing in Chinese Stocks. China’s March data dump is ugly for real estate. The only positive data point is that sales were up sharply from the first two months of the year, but the bounce was to a level below any single month in 2014. Real estate investment year to date is up 8.5% over

The post China real estate shakeout leads GDP lower appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, April 15, 2015 - 14:26 Source

On August 29 2012 Joe Hockey addressed the Committee for Economic Development of Australia (CEDA).  During his speech he said

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The Australian Independent Media Network Wednesday, April 15, 2015 - 14:26 Source

On August 29 2012 Joe Hockey addressed the Committee for Economic Development of Australia (CEDA).  During his speech he said

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MacroBusiness Wednesday, April 15, 2015 - 14:11 Source

By Leith van Onselen Ever since the Abbott Government proposed its data retention (metadata) scheme last year, I have argued that Australians would flock to virtual private networks (VPNs), allowing them to surf the web and download content anonymously (click here to read about how VPNs work), thus undermining the Government’s attempts to track their

The post Aussies turn to VPNs to hide their tracks appeared first on MacroBusiness.

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Renew Economy Wednesday, April 15, 2015 - 13:53 Source

CSIRO spin-off BuildingIQ completes a new fund-raising in US market, and is reportedly eyeing IPO that could value company at $100m.

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MacroBusiness Wednesday, April 15, 2015 - 13:43 Source

From the SMH blog: Nomura economist Yang Zhao: The weaker Q1 GDP growth and much weaker than expected March activity data suggest that growth momentum remains weak, which calls for further policy easing. We maintain our call of one more interest rate cut and one more reserve requirement ratio cut coming in each of the

The post Economists are blind to China’s hard landing appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 15, 2015 - 13:35 Source

By Ross Elliott, cross-posted from The Pulse As Governments state and federal begin grappling with harsher budget realities and an electorate disinterested in listening when it comes to the necessity of budget cuts or asset privatisation, it becomes increasingly likely that Australia will follow the New Zealand path and raise the GST. This could hit

The post Raising the GST could hit new housing hard appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 15, 2015 - 13:06 Source

From Forexlive, comments from National Bureau of Statistics of China spokesman Sheng Laiyunon GDP figures: Employment, inflation and market expectations are basically stable China’s major economic indicators in reasonable range China growth slowdown positive for structural adjustment Services industry development is accelerating and consumption growth is solid China faces downward economic pressure, mainly because of

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Renew Economy Wednesday, April 15, 2015 - 13:04 Source

Samoan network operator in deal to build nation's second wind farm and hydro energy storage, in effort to meet government's goal of 100% renewable energy generation.

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MacroBusiness Wednesday, April 15, 2015 - 13:03 Source

Despite tearaway rallies in iron ore, oil and equity in London, big iron ore is not responding well today in Australia. BHP is up a lousy 1.5% and RIO and FMG up 1.9%. All are selling though the day after the Chinese growth numbers. To the indexes: Idiocy spreads have flattened out: Juniors dead: Dalian

The post Big iron struggles to rally appeared first on MacroBusiness.

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Renew Economy Wednesday, April 15, 2015 - 13:01 Source

NSW businesses lead the country in installing rooftop solar, as the state retains its newly fee-won mantle of the country's biggest solar market.

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MacroBusiness Wednesday, April 15, 2015 - 12:55 Source

From the AFR: A group of Atlas Iron’s lenders are reportedly pushing for the miner to enter voluntary administration so they can carry out a debt-to-equity conversion. The lenders represent more than half of the miner’s $US275 million Term B Loan and have sent a letter to the company warning they may accelerate the debt,

The post Atlas creditors move in for kill appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 15, 2015 - 12:47 Source

From national treasures Tim Toohey and Andrew Boak at Goldman Sachs: Official projections for population look far too optimistic Australia’s population growth has been strong since 2006 and official estimates, including the widely used Series B projection from the ABS, assume population growth averages 1.7%-1.8% over the next three years. However, we believe these projections are far

The post Goldman: Population growth to fall, housing glut imminent appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, April 15, 2015 - 12:45 Source

The Federal Cabinet has approved the deployment of about 300 additional Australian troops to the Middle East to help train Iraqi forces in their fight against Islamic State. The deployment will be for two years from the middle of may, and the troops join 200 existing special forces troops already in deployment in the region.

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Renew Economy Wednesday, April 15, 2015 - 12:26 Source

A somewhat “hidden” report was recently released that said France could be powered by 100% renewable energy by 2050.

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MacroBusiness Wednesday, April 15, 2015 - 12:19 Source

China’s GDP for the March QTR is out and hit consensus at 7% year on year, a six year low, but missed quarterly at 1.3%, an annualised rate of 5.2%: The March internals are bad. Industrial production came in at 5.6% y/y versus 7.0% expected and the trend is headed to the woodshed: All important fixed asset investment fell

The post Chinese GDP is in a hard landing appeared first on MacroBusiness.

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Renew Economy Wednesday, April 15, 2015 - 11:57 Source

One of the leaders in energy storage Kyocera, is expanding into Germany and America.

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