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Renew Economy Thursday, April 20, 2017 - 13:30 Source

Turnbull unveils plans for up to 2,500MW pumped hydro in Tasmania, a possible "energy battery" in the "distributed, renewable era".

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MacroBusiness Thursday, April 20, 2017 - 13:20 Source

By Leith van Onselen Domain (formerly APM) has released its house and unit price results for the March quarter of 2017, which are presented in the below tables: As shown above, house price growth nationally was driven by the two biggest cities of Sydney (+2.8%) and Melbourne (+4.0%), both of which hit record highs of

The post Domain: Sydney’s median house price tops $1.15 million appeared first on MacroBusiness.

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MacroBusiness Thursday, April 20, 2017 - 13:12 Source

After a few hopeful signs and idiotic fundies, iron ore has suddenly turned down in Dalian this afternoon: Coking coal too: Aforementioned fundie dunces are still bottom fishing though with Big Iron roughly flat: But if you want to a new level in iron ore dumb then cop this from JPM: Iron ore’s 32 per

The post Big Iron dead cat run down appeared first on MacroBusiness.

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Renew Economy Thursday, April 20, 2017 - 12:58 Source

Climate Council says weaning Australia from coal via increased reliance on gas won't cut emissions, will push up power prices.

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The Australian Independent Media Network Thursday, April 20, 2017 - 12:57 Source

“Morality cannot be derived from myths,” writes Hugh Harris as he illustrates the problems with promoting unverifiable beliefs. But what do we replace them with? Placating the Reverend Fred Nile and the various religious lobbies is no easy task, but the NSW Government has taken to it with Yes Minister style obtuseness and Baldrick-like cunning. Maintaining…

The post Warning Scripture replaced by new type of Theism appeared first on The AIM Network.

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Renew Economy Thursday, April 20, 2017 - 12:37 Source

March was 1.3°C above pre-industrial average temperatures. If you were born after December 1964, you’ve never experienced a month cooler than average on this planet.

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Renew Economy Thursday, April 20, 2017 - 12:35 Source

When climate scientists look at Antarctica, they see a ticking time bomb. If the ice sheet melts, sea levels will rise dramatically.

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MacroBusiness Thursday, April 20, 2017 - 12:28 Source

By Gareth Aird, Senior Economist at CBA: Key Points: House price cycles are not captured in the CPI because the cost of land is excluded from the consumer basket. The CPI is a poor barometer of changes in the cost of living for people who don’t own a dwelling and aspire to purchase one. Consumer

The post By excluding housing, CPI is massively understated appeared first on MacroBusiness.

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MacroBusiness Thursday, April 20, 2017 - 12:14 Source

Forgive the imagery but I don’t know what else to say: The Santos-led Gladstone LNG export plant is buying more than half its gas from third parties, rather than producing from its own coal seam gas fields, despite lifting its own production in the March quarter, Santos has revealed. In its first quarter report, Santos

The post Ahhhhhhhh: Santos takes a slash on Australia appeared first on MacroBusiness.

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Renew Economy Thursday, April 20, 2017 - 11:40 Source

Carnegie to accelerate pipeline of large scale solar farms and renewable-based micro-grids after securing $18m in capital raising - three times its original target.

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MacroBusiness Thursday, April 20, 2017 - 11:30 Source

You want to know why the Australian economy is stuck? Go no further than this chart from Deutsche: Basically, if you want avoid being gouged, use a truck or go to a shopping centre. Otherwise, cough up. That is the substitution of liberal democracy with oligarchy that you’re looking at.

The post The monster duopoly economy revealed appeared first on MacroBusiness.

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MacroBusiness Thursday, April 20, 2017 - 11:20 Source

By Leith van Onselen Back in 2013, Labor opposition leader Bill Shorten argued that Australia’s immigration intake should be increased from already turbo-charged levels: Australia should increase its immigration levels, Labor leadership hopeful Bill Shorten has declared, saying the next arrival could “be the next Albert Einstein or a good taxpayer”… Speaking about immigration more

The post Bill Shorten recommits to Big Australia albatross appeared first on MacroBusiness.

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MacroBusiness Thursday, April 20, 2017 - 11:09 Source

From Morgan Stanley: We think recent developments fundamentally alter the Australian mortgage market. Re-pricing should support banks’ near-term earnings, but we forecast lower loan growth and believe current multiples ignore the risk of unintended consequences. We prefer ANZ (OW) to CBA (UW). Fundamental change in the Australian mortgage market: In our view, the mortgage market

The post Morgan Stanley: Macroprudential 2.0 to crush specufestor growth appeared first on MacroBusiness.

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Renew Economy Thursday, April 20, 2017 - 11:00 Source

A world-first development in energy technology with the deployment of a battery-gas turbine hybrid system in California, which will back-up the state’s renewable generation.

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Renew Economy Thursday, April 20, 2017 - 11:00 Source

A world-first development in energy technology with the deployment of a battery-gas turbine hybrid system in California, which will back-up the state’s renewable generation.

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MacroBusiness Thursday, April 20, 2017 - 10:54 Source

From the Australian Industry Group just now: “Yesterday’s meeting between the Prime Minister and the gas producers represents little progress on a crisis that is damaging Australian businesses, and the Government needs to hold open the door to dramatic intervention,” Australian Industry Group Chief Executive Innes Willox said. “We welcome the measures to improve transparency

The post Useless AIG licks gas wounds appeared first on MacroBusiness.

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MacroBusiness Thursday, April 20, 2017 - 10:44 Source

By Leith van Onselen The upcoming May Budget is expected to commit more than $1 billion to building an inland rail line between Melbourne and Brisbane. From The ABC: The Federal Government is set to give the construction of an inland rail network a kick-along, with an allocation of more than $1 billion. The ABC

The post Government to commit funding for inland rail appeared first on MacroBusiness.

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TPS Extra Thursday, April 20, 2017 - 10:40 Source


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MacroBusiness Thursday, April 20, 2017 - 10:31 Source

Man, this is some really hopeful shit: The outlook for wages growth 1. The extended model’s forecasts: Annual growth to rise towards ~+2.8% by 4Q2017 Looking ahead, our extended version of the RBA’s wages model provides a strong signal that growth is at a positive inflexion point. Specifically, underpinned by the lagged effect of the

The post Goldman: RBA to hike three times in next year appeared first on MacroBusiness.

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Renew Economy Thursday, April 20, 2017 - 10:20 Source

The DNV GL-led joint industry project, WIN WIN (WINd powered Water INjection), has completed its first phase and determined that wind power could be used to power offshore water injection.

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Renew Economy Thursday, April 20, 2017 - 10:20 Source

The DNV GL-led joint industry project, WIN WIN (WINd powered Water INjection), has completed its first phase and determined that wind power could be used to power offshore water injection.

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MacroBusiness Thursday, April 20, 2017 - 10:13 Source

From Macquarie today:  Iron ore and Chinese steel prices have seen a long overdue tumble over the past few weeks, as the exuberance in pricing and demand expectations has begun its journey back to more fundamentally supported levels. As per any other classic pricing cycle, supply has responded to high prices and margin incentives

The post Macquarie: Iron ore to keep falling appeared first on MacroBusiness.

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Renew Economy Thursday, April 20, 2017 - 10:13 Source

Partners assist in developing initiatives to grow investment in climate finance solutions, green finance markets, and participate in different market development and information activities.

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MacroBusiness Thursday, April 20, 2017 - 09:58 Source

By Leith van Onselen The ABC has produced a great report today on the high degree of investment property ownership by Australia’s federal politicians, which is likely acting as a strong disincentive to them making fundamental reform to fix Australia’s housing woes: The 226 individuals own 524 properties between them and about half of them

The post Australian politicians are pigs in the housing trough appeared first on MacroBusiness.

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MacroBusiness Thursday, April 20, 2017 - 09:49 Source

RIO is out with its first quarter production report and it is not good news for the iron ore price:  Pilbara iron ore shipments were 76.7 million tonnes in the first quarter (100 per cent basis). Ship loading was impacted by cyclone activity during the period, and sections of the rail network were affected

The post RIO delivers bad news to the iron ore market appeared first on MacroBusiness.

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North Coast Voices Thursday, April 20, 2017 - 09:23 Source

Mayor: Jim Simmons    A/General Manager: Ashley Lindsay                                                                                                                           LOCKED BAG 23 GRAFTON NSW 2460Telephone: (02) 6643 0200Fax: (02) 6642 7647FOR IMMEDIATE RELEASEApril 19,

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MacroBusiness Thursday, April 20, 2017 - 09:22 Source

By Leith van Onselen As reported in The Australian today, the Turnbull Government will impose stricter rules for foreigners seeking to become Australian citizens, as part of its package of changes to immigration and visa rules. Amongst other things, people applying for citizenship will have to demonstrate adherence with “Australian values”, while they will be

The post Tougher citizenship test won’t save Do-nothing Malcolm appeared first on MacroBusiness.

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MacroBusiness Thursday, April 20, 2017 - 09:18 Source

There are really four key scenarios that can occur in this Sundays (Monday morning for us Aussie’s) French election and they could really shape the performance of markets like EUR/USD (and EUR crosses), France 40 cash and more indirect markets such as the ASX 200, FTSE 100 cash and gold. Firstly, it’s important to understand

The post The French election market playbook appeared first on MacroBusiness.

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Your Democracy Thursday, April 20, 2017 - 09:10 Source

private health

History is repeating itself. Medicare was created by the Whitlam government because of the abject failure of private health insurance or, as it was then called, voluntary health insurance.

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The Australian Independent Media Network Thursday, April 20, 2017 - 08:51 Source

Yesterday, regional development minister Fiona Nash told the Press Club about the Nationals grand scheme to move the public service to the bush.  Their decentralisation policy would be applied across the whole of government. “All portfolio ministers will be required to report back to Cabinet by August on which of their departments, functions or entities are suitable,” Senator Nash…

The post Barnaby’s thought bubble is blatant pork-barrelling appeared first on The AIM Network.

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