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MacroBusiness Friday, August 23, 2019 - 00:08 Source

The Academic Rankings of World Universities was released last week, which placed a record seven Australian universities within the world’s top 100: The ranking, produced by the China-based Shanghai­Ranking Consultancy, is regarded by most top universities as the most ­prestigious of the international rankings because it measures only excellence in research — mainly in the

The post International students should ignore bogus university rankings appeared first on MacroBusiness.

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MacroBusiness Friday, August 23, 2019 - 00:01 Source

Global Macro / Markets / Investing: World Bank Raises $33 Million Selling Ethereum-Based Blockchain Bonds – Be In Crypto Market top? Homemade mystery boxes are popping up on Etsy and eBay – VOX 3 Key Facts About Centralized Cryptocurrency – Medium Recession risks overblown? Money market funds’ AUM pass 2009 high – Bloomberg Americas: At

The post Links 23 August 2019 appeared first on MacroBusiness.

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Your Democracy Thursday, August 22, 2019 - 18:19 Source

long warIndia, Pakistan or anyone but US must mop up Afghanistan quagmire, Trump says...

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MacroBusiness Thursday, August 22, 2019 - 17:00 Source

Stock markets in Asia are oscillating between small losses and tiny gains, with traders looking to the Fed again as it holds it symposium tonight in Wyoming. Chinese stocks are quite mixed with the Shanghai Composite again hovering on another scratch session going into the close, up three points to 2883 while the Hang Seng Index is the

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, August 22, 2019 - 16:45 Source

Yesterday, Cardinal George Pell lost his appeal against his conviction of child sexual abuse. Children, when allowed to develop without debilitating trauma, often have an innate sense of fairness, together with a belief and the expectation that justice must be and will be made to prevail. When you’ve been sexually abused in your childhood, this…

The post Dealing with Pell appeared first on The AIM Network.

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Renew Economy Thursday, August 22, 2019 - 15:15 Source

Two separate research analyses have outlined the ways onshore wind generation and rooftop solar could supply all or much of Europe’s electricity

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Renew Economy Thursday, August 22, 2019 - 15:14 Source

Windlab seeks answers from AEMO after market operator suggested Kennedy wind-solar-battery project may be delayed another two years.

The post Windlab disputes AEMO 2-year delay for Kennedy wind-solar-storage hub appeared first on RenewEconomy.

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Renew Economy Thursday, August 22, 2019 - 15:12 Source

Renewable energy is creating jobs and reducing costs and emissions for isolated and remote Indigenous communities in Queensland’s far North.

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Renew Economy Thursday, August 22, 2019 - 15:10 Source

Slavko’s strong leadership and extensive experience across all business lines will underpin ABB’s growth momentum in Australia.

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Renew Economy Thursday, August 22, 2019 - 14:56 Source

Origin sees future as decentralised and digitised, and focused on solar, storage and "connected" customers. But how to maintain profit margins and beat off new rivals like Shell?

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Renew Economy Thursday, August 22, 2019 - 14:40 Source

RES Group's 200MW solar and storage project proposed for NSW Riverina region wins development consent from state planning department.

The post NSW gives green light to 200MW Avonlie solar farm appeared first on RenewEconomy.

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MacroBusiness Thursday, August 22, 2019 - 14:00 Source

From Beijing’s useful idiot Greg Jericho today: On Tuesday Trump suggested that “I am doing this whether it’s good or bad for your statement about, ‘Oh, will we fall into a recession for two months?’ The fact is, somebody had to take China on. Whether it’s good for our country or bad for our country, short term, it

The post Jericho: Trump “ignorant” for fighting world’s greatest tyranny appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 13:45 Source

Via CoreLogic: The vendor discount metric measures, for properties that sell below the initial list price, the difference between the original list price and the ultimate sale price. The metric is calculated as a median across a rolling 3 months of data. Within the past 3 months, housing conditions have started to stabilise but there

The post Property vendor discounting stabilises appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 13:30 Source

No, really? Yes, really, via Reuters: Major British employers gave average pay rises of 2.6% to staff in the three months to July, the highest pace of increase in more than 10 years, data from industry consultants XpertHR showed on Thursday. Annual pay settlements in Britain began to rise roughly a year ago as the

The post UK wages rocket as cheap foreign labour exits labour market appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 13:15 Source

The Actuaries Institute has published a discussion paper examining a range of options for overhauling Australia’s retirement income system, which includes as its central recommendation including the family home in the pension assets test, but conveniently not for the baby boomer generation. From The Australian: Actuarial expert David Knox, former regulator Anthony Asher and public

The post Actuaries Institute declares war on young appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 13:00 Source

From the excellent Gareth Aird at CBA: Overview Output growth in Australia has been soft over the past year.  The latest national accounts put real GDP growth at just 1.8% over the year to Q1 2019.  But over that same period, total national income growth has been decent.  Indeed nominal GDP, the broadest measure of

The post CBA: Commodity bust to drive MOAR RBA cuts appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 12:44 Source

Via InvestorDaily. UBS reported that it was cautious on the Australian big four banks as the low rates environment made it harder for the banks to generate a lending spread and challenged the return on equity. “If the housing market does not bounce back quickly, this could put material pressure on the banks’ earnings prospects over

The post UBS: More rate cuts will cut bank dividends appeared first on MacroBusiness.

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Renew Economy Thursday, August 22, 2019 - 12:37 Source

CopperString 2.0 announces "market sounding" for group of major mining companies seeking one million MWh a year of renewable electricity generation over 10 years.

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MacroBusiness Thursday, August 22, 2019 - 12:30 Source

Via Fathom Consulting: Fathom’s China Momentum Indicator 2.0, our preferred measure of the pace of economic activity in China, slowed to 4.6% in June, the weakest reading since August 2016. Gary Cohn, former chief economic advisor to Donald Trump, argues that this slowdown reflects a strategic decision by China to rebalance the economy at a

The post How fast is China really growing? appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 12:15 Source

Via The Guardian: Beijing has condemned Australia for acting like a “condescending master” towards Pacific countries, insulting climate-vulnerable nations and “spreading the China threat fallacy among island countries”. In excoriating remarks, China’s foreign ministry spokesman Geng Shuang said Pacific island leaders do not share Australia’s fear of Chinese influence in the Pacific, and accused Australian

The post CPC condemns Australia for Pacific Island’s sinking appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 12:08 Source

In today’s LIVE webinar (12:30 pm AEST, Thursday 22nd August), hear from MB Fund’s Head of Investment, Damien Klassen and Tim Fuller as they inform you of the “Australian housing boom and bust indicators to focus on” This week we take a dive into the world of housing statistics, cutting through the noise to get to the

The post MB Fund Podcast: Australian housing boom and bust indicators to focus on LIVE TODAY appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 12:00 Source

Via the AFR: Westpac’s head of rates strategy Damien McColough said that given Dr Lowe’s comments it was now time to search out the right bonds. …”We have preferred the 2027 maturity as it is cheap on an asset swap basis, relative to the bonds around it and, having left the 10-year futures basket, there

The post What to buy for Aussie QE appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 11:45 Source

Via the AFR: Trevor St Baker’s ERM Power has received a takeover bid from an offshore acquirer, understood to be London-listed energy giant Royal Dutch Shell. It is understood Shell has offered $2.465 a share, which represents a 43 per cent premium to the last close and values ERM at about $620 million. . ERM’s

The post Gas cartel seeks to profiteer from power appeared first on MacroBusiness.

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John Quiggin Thursday, August 22, 2019 - 11:36 Source

Unsurprisingly, the rejection of Cardinal Pell’s appeal against his conviction for sexual abuse has led to the expectation that the case will go to the High Court. As far as I can tell, there are quite a few bad reasons for the High Court to take the case, but no good ones.

The bad reasons (all related to each other) are

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MacroBusiness Thursday, August 22, 2019 - 11:30 Source

As we all know, Australia’s universities have experienced an incredible boom in international student numbers over the past six years, with enrolments ballooning by 327,000 (89%) over this period: One of the deleterious side effects of this boom has been the degradation of teaching standards alongside increasing reports of plagiarism and cheating across Australia’s universities.

The post International students trigger 2000% rise in university cheating appeared first on MacroBusiness.

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Renew Economy Thursday, August 22, 2019 - 11:24 Source

wellington electricityGreensync to work with Wellington Electricity on a new system to integrate electric vehicles into the grid.

The post Wellington to transform grid with Greensync’s electric vehicle “mesh” appeared first on RenewEconomy.

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MacroBusiness Thursday, August 22, 2019 - 11:15 Source

This, at Domain: A flood of potential property buyers from Hong Kong are approaching local migration agents, hoping to secure Australian residency ahead of buying homes in Sydney and on the Gold Coast. A Chinese migration agent has revealed he recently received advice from the NSW Department of Industry that there’d been a significant increase

The post Why the cash ban is a great idea appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 11:00 Source

The Grattan Institute’s Owain Emslie and Danielle Wood have done a great job examining inheritances in Australia, which flow overwhelmingly to older Australians and the wealthy, thus helping to cement wealth along class lines: A sample of estates from Victoria’s probate office suggests the median estate in Victoria is worth about $500,000. That’s likely to

The post Australia should consider an inheritance tax appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 10:45 Source

From the normally sensible John Mauldin: I am back from my 14th annual Maine fishing camp. The private event at Leen’s Lodge is generally called Camp Kotok in honor of David Kotok of Cumberland Advisors who started these outings many years ago. CNBC and others began calling it the “Shadow Fed,” but it is really just

The post What is it about MMT that makes grown men cry? appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 10:30 Source

Australia’s Third World gas debacle just won’t go away. Via The Australian: East coast households and businesses face a higher risk of blackouts this summer, with more generator failures likely on hot days, the energy market operator has warned. The Australian Energy Market Operator yesterday called for urgent action, including speeding up investment in new

The post Gas cartel readies blackouts for Summer appeared first on MacroBusiness.

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