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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

The post Spot the Banana Republic appeared first on MacroBusiness.

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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.

The post Fitch slaps Forescue on downgrade watch appeared first on MacroBusiness.

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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

The post Budget’s worsening deficits are about falling revenue appeared first on MacroBusiness.

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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

The post China Flash PMI struggles on appeared first on MacroBusiness.

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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

The post MS: Banks need $31 billion appeared first on MacroBusiness.

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

Concrete has been a go-to building material since Roman times. It's durable, easy to make, and relatively inexpensive. There's just one problem: It has a tendency to crack.

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

Synthetic versions of opiates like morphine and heroin have been prohibitively expensive to make, so the drugs are still made the old-fashioned way, from opium poppies. Now researchers have genetically modified yeast to complete one of the key steps in the synthesis process, according to a study published in Nature Chemical Biology, making fully synthetic opiates closer to becoming a reality. That means that opiates could be much more widely available, both to patients who need it and to the drugs' abusers.

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

In these United States summer is unofficially the sunny, sweltering weeks between Memorial Day and Labor Day. Yes, astronomically speaking, it's June 21 to September 23. We're choosing to ignore that here in favor of the cultural definition, because come on, early June feels way more like summer than mid-September.

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Popular Science Thursday, May 21, 2015 - 11:00 Source

From the body type alone, Sprite looks less like a drone and more like a sleek and modern water bottle aimed at hikers. It's a far cry from the standard four-rotored body of most drones, but that forms the Sprite's central sales pitch: a portable drone, that can slide easily into a backpack for outdoor use.

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Popular Science Thursday, May 21, 2015 - 11:00 Source

Today, President Obama addressed the graduating class of the Coast Guard academy in a speech that mentioned the phrase 'climate change' 26 times.

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Popular Science Thursday, May 21, 2015 - 11:00 Source

On Saturday, the United States arrested Hao Zhang, a professor at China's Tianjin University, as he landed in Los Angeles. The charges brought against him, detailed in an indictment filed April 1st in the District Court, are a curious mishmash of corporate espionage, all committed against U.S. defense research. According to the case brought by the federal government, Zhang was one of six people who conspired to steal the trade secrets behind several acoustic devices and replicate them in China.

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MacroBusiness Thursday, May 21, 2015 - 10:53 Source

By Leith van Onselen The Actuaries Institute has undertaken modelling which claims that allowing home owners to use their superannuation savings to pay down their mortgage would save the typical income earner $127,000 in mortgage repayments and increase their wealth in retirement by around $100,000: We get a difference in relative wealth that’s quite substantial…

The post Actuaries get housing-super fix wrongly wrong appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, May 21, 2015 - 10:46 Source

Spending five weeks on the North American continent recently, four of them in the USA, was a great way to experience first-hand views and opinions on a variety of different subjects that penetrate the pores of the media in the land of the free.

It’s a good thing because when one observes the lunacy, ineptness and sheer bastardry of the LNP government here, seeing similar lunacy with the Republicans on the other side of the globe helps one to feel less isolated in one’s search for social sanity.

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MacroBusiness Thursday, May 21, 2015 - 10:42 Source

By Leith van Onselen Statistics New Zealand has released its permanent & long-term migration figures for April 2015, which revealed that net migration to New Zealand remained near record highs in seasonally adjusted terms: Moreover, net annual migration from New Zealand to Australia hit its lowest level in more than 23-years, with April also recording

The post Kiwi exodus turns to flood appeared first on MacroBusiness.

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MacroBusiness Thursday, May 21, 2015 - 10:23 Source

From Mac Bank: Meanwhile, the majors continue to increase supply. Rio Tinto’s plans to achieve a capacity of 360mtpa are well underway which should mean shipments from the company are 40mtpa higher in 2H this year than 2H14. Although Rio are contributing the most to supply additions this year, they are not alone – we estimate around 90mt

The post Where now for iron ore in 2015? appeared first on MacroBusiness.

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MacroBusiness Thursday, May 21, 2015 - 10:02 Source

From Westpac’s excellent Elliott Clark: The release of FOMC meeting minutes is an opportune time to reassess and update (if necessary) our expectations regarding monetary policy. Not only does this document typically provide clear guidance on the degree of consensus amongst members, it also outlines key macroeconomic trends in the minds of the Committee. In this instance, what is

The post Fed to hike in September? appeared first on MacroBusiness.

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MacroBusiness Thursday, May 21, 2015 - 09:40 Source

It’s open season now, from old man Gotti at Dad’s Army: In February 2013, China made it very clear to Australia that it was going to cut its iron ore and coal usage…That was the time when Fortescue had to lift its equity and prepare for a price fall, although, at that time, we didn’t

The post Old man Gotti puts boot into Twiggy appeared first on MacroBusiness.

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Thursday, May 21, 2015 - 09:40 Source

Thanks to Pickering, his small team of comedy writes, and google.com, the South Australian senator no longer needs to run his costly inquiry into halal certification.

Read more Views: 617
Thursday, May 21, 2015 - 09:38 Source

Whatever else they do, the starved and screaming children on the boats off Myanmar have shown how vile the Abbott government is, and how for a hundred, five hundred years historians will see them.

They may not suffer politically, just yet. They may not face the International Criminal Court, ever. But they cannot climb out from under the pile of sewage that is daily falling down on top of them while other jurisdictions demonstrate what mercy is, and maritime law.

Read more Views: 309

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