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MacroBusiness Friday, May 22, 2015 - 00:01 Source

Global Macro / Markets / Investing: Guilty Pleas and Heavy Fines Seem to Be Cost of Business for Wall St. – New York Times Banks Will Keep Doing the FX Stuff That Got Them in Trouble – Bloomberg View OECD Sees Continued Rise in Growth-Harming Inequality – Wall Street Journal North America: Kansas has found

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The Australian Independent Media Network Thursday, May 21, 2015 - 21:19 Source

Remember the old saying ‘sticks and stone may break my bones, but names will never hurt me’? It’s time Australian voters worried less about the stupid, insensitive, nasty, judgemental, heartless, shameless, inaccurate, bigoted, moronic, offensive things Abbott and members of his government say and focus more of what these words show us about these peoples’ values, or lack thereof, and importantly, the outcomes these lack of values have on the lives of Australians. Because these people are running the country and what they say is just a reflection of how they make decisions. We should be really seriously scared!

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Thursday, May 21, 2015 - 20:38 Source

Social media is opening up the processes of public health advocacy and efforts to hold governments to account, according to Dr Mark Lock, a Research Fellow in the School of Medicine and Public Health at the University of Newcastle. As part of the...

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Thursday, May 21, 2015 - 18:18 Source

Showing further signs of pugilism-related brain damage Abbott said ‘Nope, nope, nope’ to his international obligations to help refugees fleeing tyranny across stormy oceans. Widodo, laughing, waved a circling finger round his left ear saying ‘Not well in his mind.’ Abbott’s father confessor Pell was accused of having ‘known since the seventies’ of abused children still suiciding after decades whose assailants he knew about then and did not report to police then or later. ‘I didn’t think it was any of my business,’ he testified.

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MacroBusiness Thursday, May 21, 2015 - 15:59 Source

Stan Shamu for Chris Weston, Chief Market Strategist at IG Markets Fed remains data dependent While US equities were mixed on the back of the Fed minutes, Asia has had a favourable response. A stronger US dollar has played a big role in some of the key regional markets with the ASX 200 and Nikkei

The post ASX at the close appeared first on MacroBusiness.

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MacroBusiness Thursday, May 21, 2015 - 15:54 Source

From Jonathon Shapiro at the AFR: Don’t let the violent back-up in global bond rates fool you into believing the great three-decade long bull run in bonds is over, Australia’s top fixed-income managers have warned. With China slowing and a global debt pile growing while a rising dollar slows the US economy, this is a world that

The post Bond bulls charge appeared first on MacroBusiness.

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Thursday, May 21, 2015 - 15:54 Source

The Abbott Government’s determination to prop up Big Coal has left Australia a long way behind global trends on renewable energy.

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MacroBusiness Thursday, May 21, 2015 - 14:29 Source

By Leith van Onselen KPMG’s Bernard Salt has posted an article in The Australian today predicting a recession in 2018: If my decade-long wave theory is correct, there will be no buffer in 2018 and a lack of experience in dealing with a recession by the electorate, by politicians and by business leaders and this

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Renew Economy Thursday, May 21, 2015 - 14:25 Source

Kodiak Island, the second-largest island in the United States - are now 99.7 percent renewably powered by wind and hydro.

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Renew Economy Thursday, May 21, 2015 - 14:25 Source

Transformation of our energy system is underway. However governments in Australia have struggled to keep up with the pace of change in technology and price.

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Renew Economy Thursday, May 21, 2015 - 14:22 Source

HSBC report says 2015 El Niño could be highly disruptive to global food markets, including Australian wheat, bananas, sugar cane and cattle.

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Renew Economy Thursday, May 21, 2015 - 14:22 Source

Tell ‘em they’re dreaming! That’s what Darryl from the film The Castle would say when knocking back a "great deal". But what would he make of the new battery storage offerings?

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Renew Economy Thursday, May 21, 2015 - 14:21 Source

GE launches “a dynamic, connected, and adaptable wind energy ecosystem” intended to boost a wind farm’s energy production by 20%.

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MacroBusiness Thursday, May 21, 2015 - 14:10 Source

The dead cat is purring today for big iron with BHP and RIO recovering some of yesterday’s losses and FMG up 2% as well. To the indexes: The idiocy spreads are still closing:   Juniors are still dying with BCI fading 5%, though my favourite pick ARI got some more debt off today: Dalian is

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Thursday, May 21, 2015 - 13:58 Source

The Reclaim Australia network has been undermined by a leadership split, with one side sent a legal warning from Australian Geographic after pinching an image.

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MacroBusiness Thursday, May 21, 2015 - 13:20 Source

Guatemala is your off the shelf banana republic. A small agricultural (coffee, sugar, bananas) central American nation with a poor governance record, from Transparency International: Today, however, it schools Australia on what to do when corruption takes a hold of a central bank and its business affiliates, from Reuters: Guatemala’s central bank governor was arrested

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Thursday, May 21, 2015 - 13:11 Source

A new report shows the agency is drowning under the weight of calls with millions going unanswered.

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Renew Economy Thursday, May 21, 2015 - 13:10 Source

SolarShare is seeking approval from ACT govt to build a 1MW community-owned solar farm in Canberra's Maruja Valley, alongside a commercial PV plant.

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Renew Economy Thursday, May 21, 2015 - 13:09 Source

Hanergy Thin Film Power loses 47% on share price after company chairman and major shareholder Li Hejun fails to attend the solar company’s AGM.

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MacroBusiness Thursday, May 21, 2015 - 12:55 Source

Always the last to know comes Fitch: Singapore/Sydney-20 May 2015: Fitch Ratings has affirmed Australia-based iron ore miner Fortescue Metals Group Limited’s (Fortescue) Long-Term Issuer Default Rating (IDR) at ‘BB+’ and revised the Outlook to Negative from Stable. The rating action is in response to Fitch lowering its expectations for the benchmark iron ore price.

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Thursday, May 21, 2015 - 12:16 Source

Environmental activists say they are willing to be arrested as they continue a direct action campaign against the bank.

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MacroBusiness Thursday, May 21, 2015 - 12:00 Source

By Leith van Onselen ABC News has published a neat primer on the Budget, which argues that the deficit has been driven by so-called unexpected falls in receipts – most notably from lower commodity prices (mainly iron ore) – rather than spending decisions taken by past and present governments: The budget papers once predicted a

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MacroBusiness Thursday, May 21, 2015 - 11:59 Source

China’s HSBC Flash PMI for May is out and missed again at 49.1 versus 49.3 expected but up a little from April. Annabel Fiddes, Economist at Markit: “The Flash China Manufacturing PMI pointed to a further deterioration in operating conditions in April, with production declining for the first time in 2015 so far. Moreover, softer client

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MacroBusiness Thursday, May 21, 2015 - 11:51 Source

From Morgan Stanley via The Australian: Morgan Stanley says Australia’s major banks will need to raise a further $31bn of equity capital by the end of FY17 – a potential concern for any investors with overweight holdings of bank shares. “While APRA has flagged the prospect of higher mortgage risk weightings, we also assume that

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Renew Economy Thursday, May 21, 2015 - 11:34 Source

AGL’s new boss is due to unveil a strategic update in the Hunter Valley next week. Staff have been crunching numbers on splitting off fossil generators. At the very least writedowns are expected, along with a clearer vision for solar and storage.

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Renew Economy Thursday, May 21, 2015 - 11:27 Source

How quickly will households adopt battery storage, and will they be able to use Tesla to get off the grid?

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Popular Science Thursday, May 21, 2015 - 11:01 Source

For a full decade, Gudmundar Olaffson was unable to move his right ankle. That's because it wasn't there. Olafsson's amputated lower leg was the delayed casualty of an accident from his childhood in Iceland, when he was hit by an oil truck. “I lived in pain for 28 years,” says Olafsson. “After 50-plus operations, I had it off.” For years after the operation he wore a Proprio Foot, a prosthetic with a motorized, battery-powered ankle, sold by the Reykjavik-based company Ossur.

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Popular Science Thursday, May 21, 2015 - 11:01 Source

In 1976, renowned astrophysicist Carl Sagan brought a weird, reflective prop with him to the Tonight Show Staring Johnny Carson. The toy was a mockup of a solar sail—a revolutionary idea for space travel propulsion that eschews fuel. “[It] travels on the radiation and particles that come out of the Sun—the wind from the Sun,” Sagan explained to Carson, comparing the technology to how an ordinary sail boat moves through the ocean.

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Popular Science Thursday, May 21, 2015 - 11:01 Source

Sci-Fi movies present no shortage of doomsday scenarios--asteroids, climate change and supervolcanoes just to name a few. But let's say that one of these situations actually occurs, and humans are annihilated with the exception of one male and one female. Could humanity survive?

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Popular Science Thursday, May 21, 2015 - 11:01 Source

Sometimes, other people interpret your words differently than you may have intended--like you're not on the same wavelength. Turns out that the neuroscience backs up that idea; words elicit unique neurological responses in different people's brains, according to a study published in the journal Neurocomputing. This revelation could lead to a whole new way for people to securely access their devices, no passwords required.

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