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Renew Economy Friday, April 17, 2015 - 12:07 Source

Total US greenhouse gas emissions released into the atmosphere because of human activity increased 2% in 2013.

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MacroBusiness Friday, April 17, 2015 - 12:02 Source

BHP is down marginally today as oil soars but RIO is down more solidly at 1.6% and FMG is reversing yesterday’s delight down 5%. All told markets continue to grotesquely misprice the iron ore war but I am getting the sense that RIO is under growing pressure. Perhaps after its own forthcoming good news cost-cutting

The post Big iron melts appeared first on MacroBusiness.

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Friday, April 17, 2015 - 11:37 Source

As the commodity boom fades, Australia needs a new path forward. The government's 'open for business' mentality is a smokescreen, not a policy.

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MacroBusiness Friday, April 17, 2015 - 11:19 Source

By Leith van Onselen New Zealand Finance Minister, Bill English, gave an interesting interview to ABC’s The Business last night, which provided a welcome contrast to the political imbeciles running Australia. Some key points from the interview include: The New Zealand Dollar is too high, particularly relative to Australia. The RBNZ’s macro-prudential controls on high

The post If only Bill English was in charge of Australia appeared first on MacroBusiness.

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Renew Economy Friday, April 17, 2015 - 11:17 Source

Abbott gives $4m to fund climate contrarian and anti-solar advocate Bjorn Lomborg in a move that could presage new push for nuclear in Australia.

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Renew Economy Friday, April 17, 2015 - 11:00 Source

A commentary posted the other day on Fool.com proclaiming the death of the U.S. coal industry has found its way—lo and behold—onto FoxBusiness.com.

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Popular Science Friday, April 17, 2015 - 10:56 Source

Don't call it Ishmael; the remotely operated underwater vehicle is named Hercules. Used by the Nautilus Live expedition to explore the depths of the sea, Hercules is one of a pair of robots live-streaming the depths of the ocean. Yesterday, south of Louisiana in the Gulf of Mexico and at a depth of almost 2000 feet, Hercules (and anyone lucky enough to be watching the live stream at the time) caught something extraordinary on camera: a sperm whale.

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Popular Science Friday, April 17, 2015 - 10:56 Source

In a country as dry as Saudi Arabia, cool watering holes are a big attraction--drawing in locals, their graffiti, and their cameras. The latter two might be an annoyance for folks just looking to cool off, but for scientists in Europe, they can also be valuable data.

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Popular Science Friday, April 17, 2015 - 10:56 Source

Konrad Rykaczewski, an assistant professor of engineering at Arizona State University, has strived for years to develop a better anti-icing solution for airplanes. His drive is more than academic: He was once stranded for two days in London when a long snowfall depleted Heathrow Airport of the supplies of antifreeze it uses to keep ice off airplane wings.

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Popular Science Friday, April 17, 2015 - 10:55 Source

Have you ever been walking down the street, minding your own business, when you suddenly run into a person, or a telephone pole? Maybe you were texting a friend or fantasizing about what you would have for lunch, but now you feel like an idiot.

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Popular Science Friday, April 17, 2015 - 10:55 Source

The Navy is building a system of trucks that will fight drones with lasers, and they're advertising them with all the thrill and excitement of a second-quarter earnings report. The “Ground-Based Air Defense Directed Energy On-the-Move” weapons program, or GBAD for short, puts a laser on the back of a Humvee (or other light vehicle) and puts sensors on a couple of other Humvees. That way, when Marines drive into the battlefield, they can shoot down any cheap and hostile drones that may try to attack them.

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Popular Science Friday, April 17, 2015 - 10:55 Source

Octopuses are already hailed as masters of escape and predictors of soccer matches, but now these brilliant creatures can add another talent to their resume: photographer.

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Popular Science Friday, April 17, 2015 - 10:55 Source

Alex Bellini is an explorer. He's rowed a boat across the Atlantic Ocean, walked 1,200 miles across Alaska pulling a sled, and ran 2,300 miles across America. Next, he plans to camp out on an iceberg for a year--or as long as he can before it melts. Outside magazine reports that while there, Bellini will live inside an aluminum ball that was originally designed to protect against tsunamis.

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Popular Science Friday, April 17, 2015 - 10:55 Source

Out in the asteroid belt between Mars and Jupiter, Ceres is the largest unexplored rock in our solar system. The Dawn mission arrived in Ceres' orbit back in March, but we have yet to see any great close-ups of the asteroid. That's because the spacecraft's trajectory brought it swinging around Ceres' dark side for a little while. It's still out there in the dark, but it's getting closer to the light.

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MacroBusiness Friday, April 17, 2015 - 10:48 Source

By Leith van Onselen Peter Drahos, professor in law at the Australian National University’s Regulatory Institutions Network and Professor of Intellectual Property at Queen Mary, London University, has written a well reasoned post about the hidden costs of including intellectual property clauses in so-called free trade agreements (FTAs). From The Canberra Times: Today, multinational companies

The post How FTAs are ripping-off content users appeared first on MacroBusiness.

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Friday, April 17, 2015 - 10:44 Source

The ACTU has hit out at the 'paternalistic' approach of the Abbott and Barnett governments.

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Friday, April 17, 2015 - 10:04 Source

This is an edited version of a speech about the challenges facing medical research given by outgoing National Health and Medicine Research Council (NHMRC) CEO Warwick Anderson at the National Press Club on Wednesday: It’s been a great privilege to...

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xkcd.com Friday, April 17, 2015 - 10:00 Source

I honestly didn't think you could even USE emoji in variable names. Or that there were so many different crying ones.

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Friday, April 17, 2015 - 09:54 Source

The media and political circus surrounding the rise of Reclaim Australia speaks volumes about some parts of the culture of our country.

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MacroBusiness Friday, April 17, 2015 - 09:41 Source

By Leith van Onselen Hot on the heels of Prime Minister, Tony Abbott’s gutless announcement that he won’t reform negative gearing, prime spokesman for the property industry, the Property Council of Australia (PCA), has released the following statement: Executive Director, Nick Proud, said providing certainty on the future of this tax measure will benefit housing

The post Property rentier collects its spoils appeared first on MacroBusiness.

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MacroBusiness Friday, April 17, 2015 - 09:30 Source

By Chris Becker Stock markets are trying to make new highs with the US and Europe catching up to the Chinese bubble, but last night worries over the ongoing Greek saga and poor earnings results, housing starts and jobless claims in the US sent both back to reality. Recapping yesterday’s Asian session, it was all

The post Macro Morning: Glass ceiling appeared first on MacroBusiness.

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MacroBusiness Friday, April 17, 2015 - 09:26 Source

By Leith van Onselen ABC’s The Business last night aired its final segment in its three part series on housing, which this time looked at the dilemma facing the RBA as it tries to juggle a deteriorating economy in need of stimulus with a red hot Sydney (and to a lesser extent Melbourne) housing market.

The post The Business does the RBA’s housing dilemma appeared first on MacroBusiness.

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The Tally Room Friday, April 17, 2015 - 08:38 Source

One of the stories on election night was the mixed news for the Greens. On the one hand, the party had a tremendous result in the lower house, retaining Balmain and notionally retaining the new seat of Newtown, and surprising most pundits (including myself) by winning Ballina and coming close in Lismore. On the other hand, the Greens vote appeared to have dropped slightly in both houses.

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MacroBusiness Friday, April 17, 2015 - 04:35 Source

By Leith van Onselen In the week ended 16 April 2015, the Core Logic-RP Data 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.47% – the eighth consecutive weekly rise (see next chart). Values rose across all major capitals except Brisbane (see next chart). So far in April,

The post RP Data weekly Australian house price update appeared first on MacroBusiness.

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MacroBusiness Friday, April 17, 2015 - 04:34 Source

I’ve begged the RBA to muzzle its resident unicorn. But Mr Rainbow (John Edwards) is off the leash again. From the WSJ on yesterday’s employment report: “They are unambiguously good numbers,” he said. Still, Mr Edwards said he would not rely on a few months of employment data to judge that the economy has “turned

The post Mr Rainbow slips the bridle appeared first on MacroBusiness.

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MacroBusiness Friday, April 17, 2015 - 04:33 Source

By Leith van Onselen Yesterday’s improved labour force data for March revealed slightly better news for Australia’s youth, with unemployment for those aged 15 to 24 years old falling to 13.7% – down 0.2% from the 17-year high of 13.9% recorded in October 2014. Unemployment for the rest of the labour market also declined to

The post Youth employment climbs off the canvas appeared first on MacroBusiness.

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MacroBusiness Friday, April 17, 2015 - 04:32 Source

By Leith van Onselen As reported in The Australian, the Abbott Government is considering allowing personal imports of overseas vehicles, provided they are less than a year old and have travelled under 4,000 kilometres: Assistant Infrastructure Minister Jamie Briggs, who has been consulting on changes to the Motor Vehicle Standards Act, said the government also

The post Coalition’s car reforms don’t go far enough appeared first on MacroBusiness.

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MacroBusiness Friday, April 17, 2015 - 03:41 Source

The natural disaster that is Colin Barnett has been blown back West by united states, from Dad’s Army: Every state and territory — bar Western Australia — last night took the unprecedented step of signing a joint letter opposing a compromise on the distrib­ution of GST revenue, forcing the issue back on the Abbott government.

The post United states blow Cyclone Barnett back west appeared first on MacroBusiness.

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MacroBusiness Friday, April 17, 2015 - 00:37 Source

The iron ore war is moving fast and not in a good direction. I began this year with guesses of a $50 average for 2015 and $40 average for next year but events are moving swiftly beyond these numbers. The major factor is the extraordinary death throes of Fortescue Metals Group. FMG is moving very fast

The post Fortescue will wreck Australia appeared first on MacroBusiness.

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MacroBusiness Friday, April 17, 2015 - 00:36 Source

From Moody’s: Moody‘s Investors Service has lowered its price sensitivities for iron ore and metallurgical (met) coal, the rating agency says in a new report. The changes come in response to slowing steel production in China and rampant oversupply, particularly of iron ore, which will keep prices low through at least next year. Moody‘s downside price sensitivities for

The post Moody’s downgrades iron ore and FMG appeared first on MacroBusiness.

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