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Delimiter Tuesday, July 28, 2015 - 14:56 Source

It seems like it was only yesterday that a rebel Queensland resident was committing the heinous sin of charging his Tesla Model S electric vehicle (EV) using a windfarm up north. Well, today’s news is even more shocking — the Queensland Government itself has announced it plans to start deploying new EV fast-charging stations around the state, powered by solar energy. That’s right. Blasphemous. How dare they!

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Renew Economy Tuesday, July 28, 2015 - 14:43 Source

Many Queensland businesses will see huge increases by virtue of the new demand and power factor regime.

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MacroBusiness Tuesday, July 28, 2015 - 14:23 Source

Cross-posted from Bullion Baron: Picture a science lab with a square metal table in the centre. On top of the table lies an intricate wooden maze. The maze itself is completely enclosed. In the middle of the maze, at the end of the one way walled passage, is a block of cheese. In a small cage not far

The post Policy is to blame for expensive homes appeared first on MacroBusiness.

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Renew Economy Tuesday, July 28, 2015 - 14:20 Source

Hilary Clinton releases a fact sheet detailing her plan to fight climate change, and it focuses heavily on promoting clean energy generation across the country.

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Renew Economy Tuesday, July 28, 2015 - 14:19 Source

Here is a definition in search of a term: what do we call a calculated political strategy to confuse the citizenry in order to gain an electoral advantage?

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Delimiter Tuesday, July 28, 2015 - 14:17 Source

The Australian Labor Party has created a new internal policy group focused on building a “new economy” through fostering innovation, startups and entrepreneurs, in a move that appears to have support from the highest political levels within the party.

The article Labor unveils strong Digital Economy push with top political support appeared first on Delimiter.

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Tuesday, July 28, 2015 - 13:26 Source

The Minister for Education noted the lack of women in his party while reflecting on his own achievements. The comparison suggested a double fix, writes Max Chalmers.

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MacroBusiness Tuesday, July 28, 2015 - 13:21 Source

From Bloomie: Recent weakness seen in Australian shipments is only a temporary lull on the way to further expansion, analyst Christian Lelong said in a note received on Tuesday. When operations among major Australian producers are back at full strength, and a new mine at Roy Hill opens in a couple of months, the downward

The post Why is iron ore rising? appeared first on MacroBusiness.

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Delimiter Tuesday, July 28, 2015 - 13:16 Source

Major telcos Optus and TPG have joined the rest of Australia’s broadband sector and sharply warned Malcolm Turnbull’s Department to stop interfering in the competition regulator’s decision to cut Telstra’s wholesale pricing by 9.6 percent.

The article Back off: Optus, TPG tell Govt on Telstra pricing appeared first on Delimiter.

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MacroBusiness Tuesday, July 28, 2015 - 13:07 Source

Big iron is tracking Shanghai today with BHP, RIO and FMG all down sharply earlier but now square on the day as Shanghai rebounds. If these stocks are going to develop a correlation with Chinese equity then we can safely say that they’re bloody doomed: Idiocy spreads are suddenly screaming shut once more. FMG is at

The post Big iron tracks Shanghai in mother of all bad ideas appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 28, 2015 - 12:51 Source

By Leith van Onselen The Productivity Commission’s (PC) recently released Trade and Assistance Review warned that Australian taxpayers were facing a potential reaming from an investor-state dispute settlement (ISDS) law suite taken against Australia’s plain package cigarette laws by tobacco giant Philip Morris, under an obscure investment agreement with Hong Kong: [Philip Morris Asia] is

The post Taxpayers cop $50m bill to fight Philip Morris appeared first on MacroBusiness.

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Delimiter Tuesday, July 28, 2015 - 12:37 Source

The NSW Independent Commission Against Corruption (ICAC) will hold a public inquiry starting on 17 August 2015 as part of an investigation it is conducting into allegations that a TAFE ICT manager dishonestly obtained over $1.7 million from the Department of Education and Communities TAFE South West Sydney Institute (SWSI).

The article ICAC to investigate NSW TAFE ICT manager appeared first on Delimiter.

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Cheeseburger Gothic Tuesday, July 28, 2015 - 12:24 Source

Great essay by a former serviceman, Alex Hortonis, who knows a little bit about kicking down doors and sticking guns into people's faces. Enough that when it happened to him he knew what to do when it happened to him. And after.

I got home from the bar and fell into bed soon after Saturday night bled into Sunday morning. I didn"t wake up until three police officers barged into my apartment, barking their presence at my door. They sped down the hallway to my bedroom, their service pistols drawn and leveled at me.

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MacroBusiness Tuesday, July 28, 2015 - 12:06 Source

The AFR is full of it again today on Aussie exports: …”Tourism may also soon overtake iron ore, Australia’s largest export, given we expect the price of iron ore to remain under pressure,” he said. The Barclays note is the latest piece of research suggesting that Australia’s long-awaited transition away from mining-related infrastructure development is well under

The post Australia’s new boom: Fantasy exports appeared first on MacroBusiness.

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Delimiter Tuesday, July 28, 2015 - 11:50 Source

Four of Australia’s most important industry groups have joined forces to deliver an unprecedented and comprehensive rejection of the Government’s planned national security telco legislation, labelling the bill ineffective and adding burdensome regulation and costs on the private sector.

The article Unprecedented: Whole ICT sector combines to blockade TSSR bill appeared first on Delimiter.

Read more Views: 539
MacroBusiness Tuesday, July 28, 2015 - 11:38 Source

By Leith van Onselen I wrote earlier this month how South Australia’s economy appeared to be experiencing an employment shock. Full-time jobs growth is tanking: Hours worked are tanking: And unemployment is surging, hitting a 16-year high in June: As reported in The ABC at the time, the collapse of the manufacturing industry is having

The post South Australia’s economy deteriorates appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 28, 2015 - 11:35 Source

Shanghai opened 4% down this morning, rallied to square and is now selling again:

The post Shanghai opens, crashes (updated) appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 28, 2015 - 10:49 Source

By Leith van Onselen The ANZ-Roy Morgan Research consumer confidence index continued to recover in the week ended 26 July, rising 0.7 points to 112.5 to be tracking around the long-run average of around 113 points (see next chart). ANZ Chief economist, Warren Hogan, welcomed the result but cautioned that it is unlikely to translate

The post Consumer confidence continues bounce appeared first on MacroBusiness.

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Tuesday, July 28, 2015 - 10:43 Source

The Coalition still doesn't believe in quotas for women in parliament. This video tends to weaken their case.

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MacroBusiness Tuesday, July 28, 2015 - 10:35 Source

By Leith van Onselen Another day, another report about foreign investors hoovering up established Australian homes, this time in Queensland [my emphasis]: MOVE over, Sydney and Melbourne. Chinese interest in Australian property is increasing, and there’s a new hot location. Chinese purchasing intent was up 35 per cent month-on-month and up 17 per cent on

The post Illegal foreign buyers target QLD appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, July 28, 2015 - 09:53 Source

When sitting Liberal Prime Minister John Howard lost his seat in the 2007 Federal election, three people raised their hand for the leadership of the party the next day. By Wednesday, one of them, Tony Abbott, had withdrawn due to lack of numbers, leaving Brendan Nelson and Malcolm Turnbull to contest the leadership ballot the next day.

That night, November 28 2007, Abbott appeared on Lateline with Tony Jones.

He blamed, in part, his close relationship with John Howard as a reason he did not have support for the leadership.

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MacroBusiness Tuesday, July 28, 2015 - 09:45 Source

By Leith van Onselen From The Guardian today comes new figures showing that long-term unemployment has ballooned by 10% over the past year, with 69% of people on Newstart having been on the payment for more than 12 months: Acoss CEO Cassandra Goldie said Australians should be alarmed by the figures… A lack of job

The post Long-term unemployment balloons appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 28, 2015 - 09:45 Source

From the very well-sourced Peter Martin: Don’t expect another cut in interest rates. It’s true that Reserve Bank governor Glenn Stevens is holding open the possibility of further cuts. It remains, he said last week, “on the table”. But further cuts are far less likely than they would have been, for three reasons also spelled

The post Peter Martin: No more rate cuts appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 28, 2015 - 09:45 Source

From the very well-sourced Peter Martin: Don’t expect another cut in interest rates. It’s true that Reserve Bank governor Glenn Stevens is holding open the possibility of further cuts. It remains, he said last week, “on the table”. But further cuts are far less likely than they would have been, for three reasons also spelled

The post Still ignore Glenn Stevens on interest rates appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 28, 2015 - 09:29 Source

The often alarmist Ambrose Evans-Pritchard today sums up the Chinese stock bust nicely: The Chinese media reported on Monday night that the state regulator is ready to intervene with yet more stock purchases. It has already bought an estimated $250bn of equities and has borrowing lines for a further $450bn if necessary. Western banks say they

The post Australia and the Shanghai crash appeared first on MacroBusiness.

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Tuesday, July 28, 2015 - 09:24 Source

The debates we choose to have say a lot about the state of our nation, in particular its race relations, writes Amy McQuire.

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MacroBusiness Tuesday, July 28, 2015 - 09:10 Source

By Alpha Beta Strategy and Economics, republished with permission The ASX’s growth problem Australian companies are on an investment strike that is already making the ASX one of the lowest earnings-growth share markets in the world and threatens to damage long term returns for Australian shareholders. Rising dividends & falling investment Instead of using their

The post Australia’s dividend doom loop appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 28, 2015 - 08:46 Source

By Chris Becker A solid durable goods order for June in the US could not put away the fears of this rout in stocks turning into a bear market, as the Chinese stock markets crashed again following a poor profit print. A race to bonds ensued as European stocks and commodities continued to fall even

The post Macro Morning (not happy, Shanghai) appeared first on MacroBusiness.

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Popular Science Tuesday, July 28, 2015 - 08:44 Source

For a long time now, space exploration has been the preserve of a tiny group of highly specialized and highly trained people, funded almost exclusively by public sector organizations. This is in large part due to the fact that space exploration has been prohibitively expensive, but it is also, according to innovators like Burt Rutan and Elon Musk, because politics and bureaucracy have stifled the innovations that would see costs come down.

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Popular Science Tuesday, July 28, 2015 - 08:44 Source

In July 2015, one of China's Zubr hovercraft provided the quick and protected transport of a ZTZ-96 main battle tank onto the beach, turning the tide of the amphibious invasion attack in favor of the Chinese Marines.

Read more Views: 401

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