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MacroBusiness Wednesday, July 22, 2015 - 09:36 Source

By Leith van Onselen A political fight is brewing over the China-Australia Free Trade Agreement (ChAFTA), with Labor leader, Bill Shorten, claiming that Labor will attempt to re-write the agreement to ensure that ­labour ­standards, conditions and skills testing are upheld. From The Australian: Mr Shorten argues Tony ­Abbott brought home an FTA with China

The post China FTA sells out local workers appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 22, 2015 - 09:24 Source

By Chris Becker A tale of woe and disappointment last night respectively from the Euro and Apple, Microsoft and Yahoo earnings, which saw Apple stock tumble over 6% dragging down the US bourses. Earnings season is starting to really weigh, with expectations of lower profits than the previous quarter not as bad as thought, but still

The post Macro Morning (bad Apple) appeared first on MacroBusiness.

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Antony Green's Election Blog Wednesday, July 22, 2015 - 09:02 Source

Details on the causes and timing of Australian Federal by-elections 1992-2015

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MacroBusiness Wednesday, July 22, 2015 - 08:57 Source

From Fairfax: Opposition Leader Bill Shorten is set to unveil a bold climate policy goal requiring half of Australia’s large-scale energy production to be generated using renewable sources within 15 years. Fairfax Media has learnt that despite Labor’s humiliating 2013 election defeat caused in part by voter contempt for its carbon tax, Mr Shorten will

The post Labor to launch huge RET appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 22, 2015 - 08:50 Source

By Leith van Onselen Fairfax’s Peter Martin has revealed today that Australia’s Department of Foreign Affairs and Trade (DFAT) is effectively flying blind on trade agreements, failing to undertake independent analysis to work out whether past agreements have delivered positive outcomes: Giving evidence to a parliamentary inquiry on Tuesday, the department’s first assistant secretary for

The post Australia flying blind on trade deals appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 22, 2015 - 08:09 Source

By Leith van Onselen The various Fairfax media platforms are running headlines today claiming that Generation Y lives “better than baby boomers” and are “riding the living standards wave”. Fairfax’s argument is based on the latest National Centre for Social and Economic Modelling (NATSEM) Household Budget Report, which examines the standard of living for a

The post Sorry but Gen Ys aren’t better-off than boomers appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, July 22, 2015 - 07:00 Source

By Keith Davis

Ford, General Motors, and Toyota have pulled the pin on us and tens of thousands of Australians are about to be dumped on the job scrap heap. Workers in our car factories are about to be booted out the door and workers in the car component add-on industries are about to have the same experience as well. Instead of moaning about it all over our mutton stew there actually is something that we, as a nation, can do to turn this situation around to our decided advantage.

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Cheeseburger Gothic Wednesday, July 22, 2015 - 06:51 Source

One of the things I do when I'm looking for a quick character name, especially for a minor background figure, is open Twitter. Sometimes you see the perfect handle. And sometimes you come a cropper.

In the first draft of Emergence, Professor Raymond Compton was Professor Raymond Camden. He had no on going role. I didn't know he and Threshy were to become so... intimate. He was just there to tell us about the runes on Urgon's sword.

So, I grabbed Ray Camden. He doesn't have a neck beard, but he looks very learned.

Read more Views: 554
MacroBusiness Wednesday, July 22, 2015 - 06:28 Source

From Citi: The Euro Summit proposal does not include a clear commitment to debt restructuring, and essentially blames previous policy failures for Greece’s ‘insurmountable’ debt problems. It notes that “there are serious concerns regarding the sustainability of Greek debt. This is due to the easing of policies during the last twelve months, which resulted in

The post What a splendid currency is the euro! appeared first on MacroBusiness.

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George Monbiot Wednesday, July 22, 2015 - 05:21 Source

Beware of politicians making themselves look big by inflating security threats

By George Monbiot, published in the Guardian 22nd July 2015

Sir Winston Churchill’s statue in Parliament Square should be removed to a museum. All busts and portraits of the great man in parliament and the prime minister’s residence should be taken down and placed in storage. Why? To discourage his successors from slipping their tiny feet into his shoes.

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MacroBusiness Wednesday, July 22, 2015 - 00:30 Source

Some pretty throwaway stuff at large yesterday on gold and the Aussie dollar. At the top was Adam Carr whose economic creatism knows no bounds: Policymakers may lament the ‘strong’ dollar, but the truth is, the dollar is already very cheap relative to fundamentals. Notwithstanding this, the recent drop in the Aussie dollar below US74c has set tongues wagging

The post Commentators butcher gold and Aussie dollar appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, July 22, 2015 - 00:22 Source

Australia is scared – scared of debt, scared of unemployment, scared of carbon pricing, scared there won’t be enough to go around when they get old, scared of tax reform. They have even gotten themselves scared about a few thousand asylum seekers.

For some reason they have also decided to now be scared about the never-ending war in the Middle East.

AIMN contributor mars08 very clearly showed how wrong we are to be afraid by reminding us of the words of Osama bin Laden, 2004:

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MacroBusiness Wednesday, July 22, 2015 - 00:07 Source

It appears the miners have finally run out of luck and are at the verge of collapse with the Madometer signaling it’s time to buy: It may appear counterintuitive, what with commodity prices continuing to tumble, but when it comes to some of the market’s larger beaten-up mining stocks, it may just be a great time

The post Mad Adam: Buy miners appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 22, 2015 - 00:06 Source

Here are the iron ore price charts for July 21, 2015: The spot rally flamed out in Qingdao but rose a little further in Tianjin to $52.10. 12 month swaps eased. Dalian did too and is down 2 points overnight to 386. Rebar average finally caught a bid presumably on steel mill output cuts. I

The post Daily iron ore price update (Kumba crunch) appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 22, 2015 - 00:05 Source

Brent oil ran higher overnight to $57.17 largely in response to a big US dollar sell off. In news another shale shakeout appears imminent, from Bloomberg: Banks are already preparing for the next re-evaluation of oil and gas credit lines, reviews which typically take place twice a year in April and October. The loans are based

The post Daily LNG price update (shale shaker) appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 22, 2015 - 00:02 Source

From Bernstein via FTAlphaville: The rebound over the last week means we have entered a period where everyone was right. China bulls can argue that the Shanghai Composite is still up 94% over the last twelve months. China bears can argue that the Chinese regulators have effectively taken the market out of consideration by virtue

The post China stocks still very rich appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 22, 2015 - 00:02 Source

Cross-posted from Investing in Chinese Stocks. China is mulling the imposition of a property tax that could range from 0.5% to as much as 2% to 3% according to the latest report. (Chinese Real Estate Tax 0.5%, More For Investment Properties).The rental yield in Beijing is barely more than 2%. Shenzhen, Guangzhou and Shanghai are all

The post China mulls property tax appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 22, 2015 - 00:01 Source

Global Macro / Markets / Investing: Hedge Funds Gear Up for Another Big Short – Wall Street Journal Understanding past and future financial crises – VOX A new mechanism to explain how a financial crisis happens – Eureka Alert The great bear market – The Economist Human Traders Beating Computer-Driven Hedge Funds – Wall Street

The post Links 22 July 2015 appeared first on MacroBusiness.

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Renew Economy Tuesday, July 21, 2015 - 20:15 Source

RenewEconomy introduces new consumer-focused publication, One Step Off The Grid - helping households, businesses and communities navigate energy revolution.

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Tuesday, July 21, 2015 - 19:37 Source

Marie McInerney writes: A public health forum in Melbourne next week will look for answers about future investment in preventative health programs in Victoria, amid concerns that the landmark Healthy Together Victoria initiative – which has...

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laberal Tuesday, July 21, 2015 - 19:07 Source

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Tuesday, July 21, 2015 - 17:39 Source

New polling has revealed the extent of support for tight gun laws in Australia. Max Chalmers reports.

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Tuesday, July 21, 2015 - 17:25 Source

The lessons from a Dutch case which saw citizens successfully sue their government over its climate change policy will be explored at a number of public forums around the country this week. Thom Mitchell reports.

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The Australian Independent Media Network Tuesday, July 21, 2015 - 17:04 Source

The Bronwyn Bishop saga continues and deepens. At the same time another pitiful effort is uncovered, writes Ross Hamilton.

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Tuesday, July 21, 2015 - 17:00 Source

Turns out coal isn't just good for humanity, it's also good for comedy. Thom Mitchell reports.

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MacroBusiness Tuesday, July 21, 2015 - 16:08 Source

Chris Weston, Chief Market Strategist at IG Markets As far as US earnings go, today is one of the key dates, although it’s the after-market that will garner traders’ attention with Apple reporting. There has been minimal net buying of US futures during Asian trade, with IBM (-5.3% in post market trade) providing a reasonable

The post ASX at the close appeared first on MacroBusiness.

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Delimiter Tuesday, July 21, 2015 - 15:32 Source

Should the Federal Government consider underwriting the management fees of venture capital firms to attract large-scale institutional investors like the superannuation funds?

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The Australian Independent Media Network Tuesday, July 21, 2015 - 15:22 Source

On the 16th of May, Scott Morrison announced that the Abbott Government will invest over $22 million in assisting humanitarian entrants and other vulnerable migrants under 25 participate in education and make successful transitions to work.

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Renew Economy Tuesday, July 21, 2015 - 15:08 Source

A 310km network of EV fast chargers installed between Perth and Augusta in south-western WA is being billed as the nation's first 'electric highway'.

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Renew Economy Tuesday, July 21, 2015 - 14:57 Source

SunEdison makes new purchase that will accelerate its Australian business, and put it on a path to challenge global utilities, even oil majors.

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