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Renew Economy Thursday, October 22, 2020 - 00:04 Source

Bungala solar farmSouth Australia's solar farms paid to produce in September with an average price of nearly minus $10/MWh, while grid constraints also hit hard in Queensland.

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Renew Economy Thursday, October 22, 2020 - 00:03 Source

rooftop solarRooftop solar, Covid and more large scale renewables push Australia's main grid to record low levels of demand and emissions intensity, and the lowest prices in years.

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MacroBusiness Thursday, October 22, 2020 - 00:01 Source

Global Macro / Markets / Investing: Tesla Stock Drops Ahead of Earnings. Here’s Why. – Barrons Nokia to build mobile network on the Moon. – Reuters Americas: AOC Wants To Work With Republicans To Legalize Marijuana And End War On Drugs – marijuanamoment.net Millions Of Unemployed Americans Monitor Relief Bill Negotiations – NPR Pandemic expected

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The Australian Independent Media Network Wednesday, October 21, 2020 - 23:53 Source

In a recent Letter to the Editor of the NT News, I mentioned my weekly sessions outside NT Parliament House. [As an aside, it never ceases to surprise me that most of my letters get published in a Murdoch paper, and it is interesting to see how the resulting complaints about my views on the…

The post A chink of light in the darkness appeared first on The AIM Network.

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Your Democracy Wednesday, October 21, 2020 - 19:40 Source

porteroo

The Morrison government insists coronavirus is behind delays in establishing an anti-corruption commission, despite receiving a draft bill in December 2019.

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Your Democracy Wednesday, October 21, 2020 - 18:18 Source

gassy

USA wants to finally kill Russia's Nord Stream 2 gas project

The US will expand sanctions against the Nord Stream 2 gas pipeline project. The sanctions will now affect companies that provide services or funding to install equipment on board the vessels that take part in the project. Such a move may permanently halt the construction of the pipeline.

By Dmitry Sudakov

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MacroBusiness Wednesday, October 21, 2020 - 16:30 Source

Risk sentiment is generally solid today here in Asia with mainland Chinese shares the only fly in the ointment as Yuan contineus to advance.  The USD is mixed against the majors with Euro spiking, Yen firming and the Australian dollar trying to clawback it start of week gains. This is good news for gold bugs

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, October 21, 2020 - 15:47 Source

Media Release, 21st October 2020 – Photoplay Films has launched the provocative ‘Letters’, a film aiming to raise awareness and mobilise political support for the Climate Change Act. Directed by Melvin J. Montalban, the campaign film encourages Australians to write to their local member of parliament urging them to support the new Climate Change Act, legislation…

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Renew Economy Wednesday, October 21, 2020 - 15:29 Source

Rick Francis, CEO of network investor Spark Infrastructure, explains why networks are key to the clean energy transition. And it’s not just poles and wires.

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Renew Economy Wednesday, October 21, 2020 - 15:11 Source

Big new renewables fund chaired by a former NSW Premier has billion-dollar plans to install 1.5GW of solar and 1GW of battery storage on C&I sites around Australia.

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Renew Economy Wednesday, October 21, 2020 - 15:03 Source

French energy giant Engie backs Greater Springfield development, aiming to be 'world's greenest city', with zero emissions transport plan.

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The Australian Independent Media Network Wednesday, October 21, 2020 - 15:00 Source

By Denis Bright   The NSW’s Government’s Draft Report on Federal State Relations (NSW Review) offers a preview of Australia’s future directions within the limitations of those familiar neoliberal policy levers that are so attractive to the LNP at all levels of government. The Morrison Government is indeed polling well after its own 2020 Budget with…

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MacroBusiness Wednesday, October 21, 2020 - 15:00 Source

See our Coronavirus data Dashboard for individual country data. COVID-19 statistics and cases around the World Italy and Iran Canada More COVID-19 Statistics and Analysis See our latest blog posts or podcasts here. See our Coronavirus data Dashboard for individual country data Data sources This is a list of some of the main data sources

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Renew Economy Wednesday, October 21, 2020 - 14:44 Source

UNGI tumut 3 penstocks snowy pumped hydro - optimisedSnowy Hydro is using unpublished negative price data to boost prospects of Snowy 2.0's commercial success. But the claims raise more questions than answers.

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MacroBusiness Wednesday, October 21, 2020 - 14:40 Source

From Roy Morgan Research: In September Australians expected inflation of 3.3% annually over the next two years, up 0.1% points on the record low in August. However, Inflation Expectations are still down a significant 0.7% points on the pre-pandemic month of March 2020… Inflation Expectations have fallen significantly for all Australians during the pandemic, down

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Renew Economy Wednesday, October 21, 2020 - 14:21 Source

An "unusual discovery" by Australian researchers claims to have resolved one of the fundamental challenges slowing the progress of perovskite solar cells.

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MacroBusiness Wednesday, October 21, 2020 - 14:20 Source

The CEO of Australia’s largest listed residential property developer, Mark Steinert, has urged the Morrison Government to extend its $25,000 HomeBuilder subsidy beyond six months: Mr Steinert said the economic boost from state and federal government stimulus programs could be widened just by allowing more time for qualifying projects to begin construction… “We do know

The post Stockland demands HomeBuilder extension appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 21, 2020 - 14:20 Source

A few more charts today on the waning hope of the great vaccine cure for COVID-19. Availability is inexorably being pushed out: Take-up is going to be abysmal: But the US had better give it out to the elderly! I remain of the view that treatments and lightning-fast tests offer greater hope for economic recovery.

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John Quiggin Wednesday, October 21, 2020 - 14:13 Source

This post is about a point which has come up here and there in the discussion about Universal Basic Income, but which I’ve never worked through properly.  

A preliminary observation is that it’s necessary to consider tax and welfare together as an integrated system. What matters most is the effective marginal tax rates (the sum of marginal income tax and benefit reduction rates). 

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MacroBusiness Wednesday, October 21, 2020 - 14:00 Source

Via Post-Growth Australia: The Federal budget was made public on October 2006 with the usual disappointment we have come to expect from the coalition government (well from both major parties really). So what SHOULD the budget have looked like as we enter into the pandemic flecked decade of consequence? Host Michael Bayliss talks to Leith

The post Podcast: Post-growth Australia with Leith van Onselen appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 21, 2020 - 13:40 Source

Hopes for a Queensland holiday before Christmas have been dealt a blow with new Roy Morgan polling showing the majority of Queenslanders want the border with NSW to remain shut: A majority of 53% of Queensland electors say they don’t want the NSW border opened now compared to 47% that do want the border opened

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MacroBusiness Wednesday, October 21, 2020 - 13:20 Source

According to Roy Morgan Research, Australia’s mortgage stress is running near record lows due to around 400,000 mortgage holders on repayment holidays: New research from Roy Morgan shows an estimated 751,000 mortgage holders (20.2%) were at risk of ‘mortgage stress’ in the three months to August 2020 as Australia navigated its way through the COVID

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MacroBusiness Wednesday, October 21, 2020 - 13:20 Source

Via the excellent Jonathon Mott at UBS: What to expect with the 2H20E bank results starting Thursday 29th October The 2H20E reporting season (to September) will be unusual, with the banks operating in a false economy, given: almost half the labour force was on wage subsidies, unemployment benefits or employed by the government; mortgage &

The post UBS: Buy Aussie banks with both hands appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 21, 2020 - 13:00 Source

Via Martin North: There was a slight recovery, but nothing which takes our index out of the “gloom” zone. The latest reading is 78.07 still well below the neutral setting. By our affluence segmentation, those mortgage free, and holding market investments improved as markets improved, while those with mortgages and those renting saw little change.

The post Weak financial confidence another question for whacky Westpac boom appeared first on MacroBusiness.

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Renew Economy Wednesday, October 21, 2020 - 12:58 Source

Consumers might get paid to have batteries that will "island" from the grid, and EVs that can deliver power when needed, as part of plans to make networks more resilient.

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Renew Economy Wednesday, October 21, 2020 - 12:51 Source

technology roadmap cover page aap angus taylor cefc - optimised investmentCoalition sheds new light on Technology Roadmap: "Don't confuse commitments with projections that are in documents underpinned by a series of assumptions."

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Renew Economy Wednesday, October 21, 2020 - 12:51 Source

technology roadmap cover page aap angus taylor cefc - optimised investmentCoalition sheds new light on Technology Roadmap: "Don't confuse commitments with projections that are in documents underpinned by a series of assumptions."

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MacroBusiness Wednesday, October 21, 2020 - 12:40 Source

Via Ross Gittins today, one of the few doing a good job on the Depressionberg Unstimulus: I’m sorry to have to agree, but Grattan Institute boss Danielle Wood is right to say this is a “blokey” budget. As are those who add it’s a blokey budget from a blokey government. …The first place a bias

The post It’s not a blokey budget. Unless all blokes are insane appeared first on MacroBusiness.

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Renew Economy Wednesday, October 21, 2020 - 12:38 Source

Warren Buffett-owned MidAmerican Energy idles 46 wind turbines at Iowa wind farms after a 50m-long turbine blade snapped and fell into a field last week.

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THE BLOT REPORT Wednesday, October 21, 2020 - 12:37 Source

As I have related elsewhere, there is a
rancid smell of corruption around the federal government handing over $29
million to the billion dollar Leppington Pastoral Company in 2018 for land next
to Western Sydney Airport at Badgery’s Creek, only for the Commonwealth to
value the 12 hectares at just $3 million less than a year later. The Auditor-General
released a damning report into the Paul Fletcher’s federal Department of
Infrastructure’s purchase of the land in 2018, parts of which “fell short of
ethical standards”. This $29 million was 22 times more per hectare than the NSW

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