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Renew Economy Thursday, April 2, 2015 - 12:27 Source

Existing offshore wind is already cheaper than gas-fired power plants. Future offshore wind farms will be cheaper still.

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Renew Economy Thursday, April 2, 2015 - 12:20 Source

Small-scale, distributed solar is currently producing nearly 100 times more electricity than large-scale, centralised solar in Australia.

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Renew Economy Thursday, April 2, 2015 - 12:17 Source

100kW solar array installed at Sydney car dealership, including parking area, to help cut power bills by half.

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Renew Economy Thursday, April 2, 2015 - 12:11 Source

Why is Australia solar so fascinating, and why does it get so much internet ink?

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MacroBusiness Thursday, April 2, 2015 - 12:05 Source

Nice little interactive here from The Australian:

The post Iron ore miner breakevens revisited appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 11:54 Source

Only a few pips from a new low…

The post Australian dollar tumbles to lows appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 11:47 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released job vacancies data for the February quarter, which recorded a 0.7% seasonally adjusted increase over the quarter, and a 1.2% rise in trend terms: Over the year, job vacancies rose by 6.2% seasonally adjusted and by 6.3% in trend terms. Changes in vacancies

The post Job vacancies follow the bubble appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 11:32 Source

A couple of charts today from Morgan Stanley throw light on the question. First, iron ore inventories at steel mills:   Mills have destocked in recent weeks to 24 days of use. That is the bottom of the recent range. But with price momentum so strongly to the downside I don’t really see any reason

The post How long can China destock iron ore? appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 11:19 Source

TD Securities’ monthly inflation rose 0.4% in March and 1.5% over the past year. The trimmed mean rose 1.6%. Annette Beacher said: “While low inflation certainly allows the RBA to cut the cash rate further, we pencil in only one more cash rate reduction to 2 per cent in May, with risks of delay into the

The post TD monthly inflation bounces appeared first on MacroBusiness.

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Renew Economy Thursday, April 2, 2015 - 11:10 Source

NSW removes position focused on renewable energy, although anti-wind planning minister demoted, and replaced by pro-renewable advocate.

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Renew Economy Thursday, April 2, 2015 - 11:10 Source

NSW removes position focused on renewable energy, although anti-wind planning minister demoted, and replaced by pro-renewable advocate.

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Thursday, April 2, 2015 - 11:07 Source

Those who care about such things might have lately come to the view that the concept of ‘redemption’ does not, any more, fit all — David Hicks, for instance, Peter Slipper, Craig Thomson, Lance Armstrong are held by many to be unforgiveable still — and, as George Orwell might have put it, ‘Some are more redeemed than others’.

Andrew Chan is thus ‘redeemed’ by his good works in the eyes of his nation. And Billy Gordon is not.

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MacroBusiness Thursday, April 2, 2015 - 10:58 Source

By Leith van Onselen The Property Council of Australia (PCA) has called on the Government to dump stamp duties in exchange for raising the GST or broadening land taxes. From The AFR: “South Australia has already shown its willingness to take on tax reform, including stamp duty. The other states and territories should now step

The post Property Council calls for an end to stamp duties appeared first on MacroBusiness.

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Thursday, April 2, 2015 - 10:43 Source

Submissions are being called for the Senate inquiry into “the impact on service quality, efficiency and sustainability of recent Commonwealth Indigenous Advancement Strategy tendering processes” – or the #IASLottery as it’s...

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Red Bluff Thursday, April 2, 2015 - 10:33 Source

Do companies have human rights obligations? How can corporations fulfil their responsibilities as global citizens?Monash University's Castan Centre for Human Rights Law tackles these issues in the latest of its video series "Have You Got That Right?".

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Red Bluff Thursday, April 2, 2015 - 10:33 Source

Do companies have human rights obligations? How can corporations fulfil their responsibilities as global citizens?Monash University's Castan Centre for Human Rights Law tackles these issues in the latest of its video series "Have You Got That Right?".

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MacroBusiness Thursday, April 2, 2015 - 10:20 Source

By Leith van Onselen It seems the days of giving wealthy older Australians a free Budget ride are coming to an end, with both Labor and the Abbott Government strengthening rhetoric against superannuation concessions for the wealthy, and the Coalition flagging that it will tighten the assets test for the Aged Pension. On superannuation, Labor

The post Wealthy Aussies’ super, pensions in the cross-hairs appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 10:18 Source

It’s still early in the bust but jeez it’s already getting perverse. From Dad’s Army: The Commonwealth Bank has launched a fresh call for the federal government to develop a long-term plan to tackle the major economic threat posed by sagging confidence levels. Australia’s biggest lender says volatility in the global economy, and in particular

The post CBA demands government fix confidence appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 10:06 Source

From Twiggy Forrest via Junket Jen at the AFR: “When has market share strategy over shareholder returns ever helped a company? What BHP and Rio are doing is buying – at massive cost – expansion capacity even when the higher commodity price justification for such investment has evaporated. It’s as though they are stuck in a

The post Twiggy blusters appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 09:55 Source

That’s the thanks you get.

The post Bitterness of the Kouk appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 09:45 Source

From the AFR: “Albert Einstein is supposed to have said the definition of insanity is doing the same thing over and over again and expecting a different result,” Saul Eslake, Bank of America Merrill Lynch chief economist, said. “I’m not accusing the RBA of being insane, but I wonder what they think they can achieve

The post Saul Eslake: RBA “insane” appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 09:27 Source

by Chris Becker April Fools Day surely sucked in a few more punters on the worldwide asset scramble in the face of seemingly endless stimulus emanating from central banks. But the flies are gathering in the ointment as the macro data rolls through showing a slowing in the 7 year economic cycle, post-GFC. Although only

The post Macro Morning: April Fool appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 09:09 Source

By Leith van Onselen The falling iron ore price is expected to wipe billions from Budget revenues, increasing pressure on Treasurer Joe Hockey. As reported in The Australian today, Deloitte Access Economics ­director, Chris Richardson, has estimated that the iron ore price plunge below $US50 a tonne could wipe $3 billion from forecast revenues by

The post The Budget takes another hammering appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 08:23 Source

By Leith van Onselen Australian Finance Group (AFG) has released its housing finance data for the month of March, which registered a massive increase in monthly mortgage applications, with both the number and value of applications also at record highs. The number of mortgage applications rocketed by 14.7% in March and were up 21.3% over

The post AFG: Investor demand goes nuclear appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 05:38 Source

By Leith van Onselen The RBA has released its commodity price index for March, which registered another 1.7% fall in SDR (currency weighted) terms – the key determinant of the terms-of-trade – and a 2.8% fall in Australian dollar terms: Preliminary estimates for March indicate that the index declined by 1.7 per cent (on a

The post Falling commodity prices to crush national income appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 04:59 Source

It is a revealing fact about market sentiment that Australia’s large LNG players are trading reasonably healthily based upon the forward curve in the oil market. Because oil is seen rebounding in the outer years, that’s an excuse to not write down assets and raise capital. At the same time, however the forward curve in iron

The post RIO’s fat tail appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 04:58 Source

Here are the iron ore charts for April 1, 2015:         There go the fifties. They were neither a good nor a long time. Benchmark Tianjin iron ore is this morning trading at $49 down 3.9% and Qingdao spot is at $49.53 down 3.5%. But those moves are secondary today to the

The post Daily iron ore price update (40-handle) appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 04:57 Source

Brent oil took off again last night up 3% to $56.90 as I write night with the oil market enjoyed a double win as Iran talks stalled and US production fell. On the first, the talks are not dead, via the BBC: The UK says key issues still need to be tackled at talks on Iran’s

The post Daily LNG price update (Iran fail) appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 01:10 Source

Cross-posted from Investing in Chinese Stocks. CREIS reports prices in its 100 city index fell 0.15% in March, down from the 0.24% decline in February (in January, CREIS reported an increase in prices). Prices increased in 43 cities, declined in 55 and were flat in 2 cities. That’s up from 61 cities with falling prices

The post China house price declines ease a little appeared first on MacroBusiness.

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Thursday, April 2, 2015 - 00:57 Source

Media repetitiveness. Once the media clamp onto a story it takes a week to 10 days before they open their jaws and search for a more tasty morsel. The cycle is that the media write it; people read or watch and expect followup; the media oblige. Next day everyone expects a bit more. And so it cycles on. A plane crashes. A Poem. Say That Again I will not have it said. Enough has already […]

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