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MacroBusiness Thursday, October 19, 2017 - 00:15 Source

By Leith van Onselen I couldn’t help but laugh when I read the following report whinging about rapid unplanned population growth in Canberra’s Gungahlin region, to the city’s north. From The ABC: Gungahlin is one of Australia’s fastest-growing regions, but a leading planning expert says a “disastrous” lack of suitable infrastructure has left the burgeoning

The post Canberra gets a taste of East Coast population ponzi appeared first on MacroBusiness.

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North Coast Voices Thursday, October 19, 2017 - 00:15 Source

Multinational Serco Group plc registered in England and Wales, with revenue in 2016 of an est. $5 billion and an underlying trading profit of est.

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MacroBusiness Thursday, October 19, 2017 - 00:14 Source

Via the AFR: Federal Labor is open to a deal on energy policy, but has demanded more detail from the government on the new scheme and has indicated it may increase the emissions reduction target for the electricity sector should it win the next election. With the Turnbull government needing the support of both federal

The post Turnbull energy plan flounders on the same old problem appeared first on MacroBusiness.

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MacroBusiness Thursday, October 19, 2017 - 00:14 Source

Via Reuters: After getting Qatar and Australia to lower gas price, India today pitched for flexible terms for LNG purchase including provision of pricing review, flexible take or pay and abolition of destination restriction clause. Speaking at the LNG Producer-Consumer Conference here, Oil Minister Dharmendra Pradhan said the global LNG market is undergoing a major

The post Asian LNG customers demand more discounts as we overpay appeared first on MacroBusiness.

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MacroBusiness Thursday, October 19, 2017 - 00:05 Source

Iron ore price charts for October 18, 2017: Tianjin benchmark was unchanged at $61.70. Paper cracked overnight. Steel fell a little. Xi Jinping appears to have disappointed Dalian.  Reuters has texture: Market participants are also watching the Communist Party congress with President Xi Jinping saying China’s campaign against corruption has achieved “overwhelming momentum” as the

The post Daily iron ore price update (Xi splat) appeared first on MacroBusiness.

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MacroBusiness Thursday, October 19, 2017 - 00:05 Source

Not news to MB readers but some nice texture from UBS: Buying intention & activity rose further on price optimism Both home buying activity and intensions gained momentum. Our latest survey showed that one in six respondents had purchased a home in the past 6 months, a notable increase from the same period a year

The post UBS rings bell on Chinese property boom appeared first on MacroBusiness.

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MacroBusiness Thursday, October 19, 2017 - 00:01 Source

Global Macro / Markets / Investing: When Doing Good Ends Badly for CEOs – WSJ Crypto venture firm Blockchain Capital is raising $150 million for two funds – CNBC Bernanke Adds Nuance to Independence Orthodoxy: Eco Pulse – Bloomberg Crypto Daytrippers – Bloomberg George Soros Transfers Billions to Open Society Foundations – NY Times If

The post Links 19 October 2017 appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, October 18, 2017 - 19:25 Source

“Isn’t it rich?” … “Isn’t it queer?” I could weep for humanity … I could just f#cking … weep for them … for us. If you were to look at it objectively, you’d have to agree that most of the advancements made for the betterment of society, have been made not on the successes, but…

The post Send in the clowns appeared first on The AIM Network.

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Inside Story Wednesday, October 18, 2017 - 17:57 Source

Politicians these days tend to declare any step forward as a wholesale solution, no matter how complex the problem. Thus it is with the Energy Security Board’s proposed national energy guarantee, revealed yesterday, which would require electricity retailers to contract with generators to ensure that a reserve of reliable power will be available to meet their peak demand.

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Renew Economy Wednesday, October 18, 2017 - 15:45 Source

NEG appears to be the most ill-considered, poorly detailed and potentially useless policy that anyone can remember, and a disaster for renewable energy, climate targets and consumer prices. It appears to be the work of Australia's so-called "energy mafia", hungry to retain power of incumbent oligopoly.

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Renew Economy Wednesday, October 18, 2017 - 15:30 Source

Amongst all the sound and fury regarding the Government’s energy plan there is a central question going unanswered - what is the level of emissions reduction being proposed by the Government? And at what cost?

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Renew Economy Wednesday, October 18, 2017 - 15:30 Source

Amongst all the sound and fury regarding the Government’s energy plan there is a central question going unanswered - what is the level of emissions reduction being proposed by the Government? And at what cost?

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Renew Economy Wednesday, October 18, 2017 - 15:18 Source

The runway to strong emission reductions at an affordable price is at risk of being thrown away under the Coaliton's new this policy, which could require retailers to buy the output from its own expensive Snowy Hydro project. The energy mafia would approve.

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Renew Economy Wednesday, October 18, 2017 - 14:46 Source

States stunned by lack of detail in new energy policy. In a testy phone hook-up they were told all the government had was a press release and an eight-page letter.

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Renew Economy Wednesday, October 18, 2017 - 14:46 Source

States stunned by lack of detail in new energy policy. In a testy phone hook-up they were told all the government had was a press release and an eight-page letter.

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Your Democracy Wednesday, October 18, 2017 - 14:44 Source

global warming

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Renew Economy Wednesday, October 18, 2017 - 14:28 Source

Origin Energy's newly released decarbonisation plan shows the gen-tailer is taking climate change rather more seriously than the Coalition.

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Renew Economy Wednesday, October 18, 2017 - 14:05 Source

The Australian public has been ‘negged’ by unfounded fears of blackouts. Will we be 'begged' again by the proposed new energy policy?

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MacroBusiness Wednesday, October 18, 2017 - 13:36 Source

MB prodding appears to have tipped Rob Burgess over the edge on population: Pauline Hanson’s One Nation party continues to stoke fears that Australia is becoming “Asian-ised” (whatever that means), and Australian Conservative leader Cory Bernardi complains of the growing threat of “‘influencers’ bankrolled by the Chinese Communist Party”. The antidote to those scare-mongering views is that China’s

The post Burgess: Sell China the parliament to protect tourism appeared first on MacroBusiness.

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Club Troppo Wednesday, October 18, 2017 - 13:22 Source

Cross posted at The Mandarin.

“Principles are good and worth the effort only when they develop into deeds” — Vincent Van Gogh

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MacroBusiness Wednesday, October 18, 2017 - 13:08 Source

The ASX200 melt-up continues today: The key to it is still driving as bond yields fall away: Dalian has held its gains today: Big Iron is resting: Big Gas too: Big Gold no longer cares that gold is falling! Big Sleazy is mostly up: Big Liar too: So long as yields keep pricing out rate

The post ASX charges higher as yields break lower appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 18, 2017 - 13:03 Source

By Ross Elliott, cross-posted from The Pulse US based urbanist Richard Florida – once described as an “intellectual Rockstar” – shot to fame with his 2002 book The Creative Class. He was on a global speaking tour that took in many Australian cities, arguing that the secrets to economic development lay in attracting legions of

The post Higher income professionals haven’t yet abandoned suburbia appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 18, 2017 - 12:20 Source

By Leith van Onselen This site has gone to great effort exposing the pitfalls of the ACT Light Rail Project. Late last year, secret NSW Government documents were released revealing that the Parramatta Light Rail Project – the centrepiece of the Government’s plans to cement Parramatta as Sydney’s second central business district, as well as

The post NSW Government tries to hide light rail white elephant appeared first on MacroBusiness.

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Renew Economy Wednesday, October 18, 2017 - 12:20 Source

China has installed 42GW of new solar PV in 2017 so far, putting it on track to reach a record 50GW for the year. Meanwhile, in battery storage...

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MacroBusiness Wednesday, October 18, 2017 - 12:03 Source

From the latest NAB Residential Property Survey comes some welcome news: The influence of foreign buyers in Australian property markets continued to lessen according to surveyed property professionals, suggesting that tighter conditions imposed on foreign buyers is still having an impact. In Q3, foreign buyers accounted for 10.2% of all new property purchases (10.4% in

The post Foreign buyers abandon Aussie property appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 18, 2017 - 11:58 Source

Ebrahim Rahbari, Citi’s head of global macroeconomics: The day you finally have enough housing in Sydney is the day I wouldn’t want to be caught with a big mortgage. I think there is a real danger when certain developments have gone on for a long time, and in Australia in particular the combination of high

The post Citi: Aussie housing bubble to hit trouble in 2019 appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 18, 2017 - 11:32 Source

Via S&P: The number of delinquent housing loans underlying Australian prime residential mortgage-backed securities (RMBS) fell to 1.10% in August from 1.17% in July, according to a recent report by S&P Global Ratings. The decline, which is not unusual because arrears typically have fallen in August for the past 10 years, was partly influenced by

The post Mortgage arrears fall in cities, boom in regions appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 18, 2017 - 11:05 Source

From BHP’s first QTR update: Iron ore – Total iron ore production for the September 2017 quarter decreased by three per cent to 56 Mt, or 64 Mt on a 100 per cent basis. Guidance for the 2018 financial year remains unchanged at between 239 and 243 Mt, or between 275 and 280 Mt on

The post BHP moves past iron ore bottlenecks appeared first on MacroBusiness.

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Renew Economy Wednesday, October 18, 2017 - 11:02 Source

Assuming it is implemented, the Turnbull government's National Energy Guarantee will in effect establish a de facto price on carbon emissions from the power sector.

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The Australian Independent Media Network Wednesday, October 18, 2017 - 11:00 Source

Denis Bright invites discussion on the prospects for a UN sponsored nuclear weapons free world commencing with conflict resolution on the Korean Peninsula. Is this scenario the logical outcome of the federal LNP’s own rhetoric on rules based diplomacy? Could a bipartisan arrangement with Bill Shorten advance this peace agenda for our region? Since the…

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