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Your Democracy Wednesday, March 3, 2021 - 06:03 Source

Gacki

Down the rabbit hole, the world was upside down...

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MacroBusiness Wednesday, March 3, 2021 - 00:20 Source

One of the more darkly amusing aspects of COVID-19 was how it illustrated that so much of our economy is no more substantial than a fume. Despite shutting down huge swathes of GDP, government spending simply stepped into that income breach without great disruption to much. This is because so much of our “production” these

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MacroBusiness Wednesday, March 3, 2021 - 00:10 Source

Record low interest rates and households awash with stimulus money is having interesting effects on Australian borrowing habits. On the one hand, Aussies are taking advantage of the lowest borrowing rates on record to pile into the housing market, with new mortgage issuance running at all-time high levels in January, according to the Australian Bureau

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MacroBusiness Wednesday, March 3, 2021 - 00:01 Source

Global Macro / Markets / Investing: Charging patients just $10 more for medications leads to more deaths – VOX What To Do on the Stock Market in 2021? Warren Buffett Advises You To Bet on America. His confidence in America is unshakeable. – Medium Is Inflation a Risk? Not Now, but Some See Danger Ahead

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MacroBusiness Tuesday, March 2, 2021 - 16:30 Source

Asian stocks have tried to follow the rebound from overnight markets, but have failed across the region, with this relief rally seemingly short lived. The March RBA meeting resulted in no change with the Aussie still depressed following its big reversal last week as other major currencies remain under the thumb of a stronger USD

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, March 2, 2021 - 16:04 Source

As energy markets the world over grapple with making the clean energy transition, South Australia proves it can be done.

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Renew Economy Tuesday, March 2, 2021 - 14:55 Source

prismatic batteryMagnis reports promising results indicating major step towards goal for "extra-fast charging" electr

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Renew Economy Tuesday, March 2, 2021 - 14:37 Source

connections canberra gas infrastructure black mountain tower - optimisedA new ACT parliamentary inquiry to identify opportunities to position Canberra as a national renewables innovation hub.

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Renew Economy Tuesday, March 2, 2021 - 14:35 Source

Swedish plans to develop and trial a salt-based energy storage system will enlist the electric kiln technology of award-winning Austr

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Your Democracy Tuesday, March 2, 2021 - 14:34 Source

reveal

Murdered journalist Jamal Khashoggi's fiancee and a UN human rights investigator have slammed the United States' decision not to impose direct sanctions against Saudi Crown Prince Mohammed bin Salman, in the wake of a declassified intelligence report finding he likely ordered Khashoggi's death.

 

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MacroBusiness Tuesday, March 2, 2021 - 14:33 Source

As expected, the Reserve Bank of Australia (RBA) held the cash rate steady at 0.10% alongside the parameters of the Term Funding Facility (TFF) and bond purchase program. Below is the full statement by governor Phil Lowe: At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10

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The Australian Independent Media Network Tuesday, March 2, 2021 - 14:33 Source

Every power worth its portion of salt in the Levant these days seems to be doing it. On February 25, President Joe Biden ordered airstrikes against Syria. The premise for the attacks was implausible. “These strikes were authorized in response to recent attacks against American and Coalition personnel in Iraq,” claimed Pentagon spokesman John Kirby,…

The post Delusions of Self-Defence: Biden Bombs Syria appeared first on The AIM Network.

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Renew Economy Tuesday, March 2, 2021 - 14:01 Source

gas flaring methane emissions nature - optimisedAEMO abandons plan to model the Morrison's 'gas led recovery' in next ISP, after key energy market players question whether if was even plausible.

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MacroBusiness Tuesday, March 2, 2021 - 14:00 Source

The Housing Industry Association (HIA) has hailed the success of the federal government’s HomeBuilder stimulus after loans for construction rose for their seventh consecutive month to the highest levels on record: “Confidence in the housing market has been improving since the announcement of HomeBuilder in June 2020… “The number of construction loans to owner occupiers

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MacroBusiness Tuesday, March 2, 2021 - 13:40 Source

Fairfax’s survey of 22 well-known economists shows that most believe that real wages will fall over the coming two years, despite the economy’s recovery from the COVID-19 pandemic. They forecast that wage growth will fall further to 1.2% this year before lifting to 1.6% in 2022. However, this growth will be below inflation, with the

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MacroBusiness Tuesday, March 2, 2021 - 13:20 Source

The federal government recently suspended indefinitely a ‘star rating’ system that ranks privately-run employment services providers. Its decision has been described as ‘galling’ by unemployment support groups, as it comes at a time when the government is increasing its auditing of job applications submitted by unemployed people, as well as implementing a hotline for employers

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MacroBusiness Tuesday, March 2, 2021 - 13:00 Source

National COVID Commission chairman Nev Power contends that the JobKeeper wage subsidy scheme should end as scheduled in late March. Power says retaining the scheme would risk distorting the labour market by encouraging employers to retain staff that they should lay off, who could then be redeployed to sectors that are experiencing a shortage of

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MacroBusiness Tuesday, March 2, 2021 - 12:40 Source

The Australian Medical Association’s (AMA) president Omar Khorshid says the federal government’s goal of vaccinating the entire population by October is looking challenging, and the end of the year is looking more realistic. The federal government has already fallen well short of its target of vaccinating 60,000 people by the end of February, with only

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Renew Economy Tuesday, March 2, 2021 - 12:31 Source

One of the world’s most recognisable companies, Mars, owning brands such as Masterfoods, Pedigree, and M&Ms, is making the transition to 100% renewable electricity for its six Austr

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MacroBusiness Tuesday, March 2, 2021 - 12:20 Source

Over the past year we have heard dire reports that the closure of Australia’s international border and the loss of international students would deal a death blow to our universities but cutting their fee income by billions. Turns out that the university sector is doing just fine with many actually declaring surpluses during the pandemic,

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MacroBusiness Tuesday, March 2, 2021 - 12:13 Source

The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of January, which reported a sharp decline after the HomeBuilder subsidy was cut from $25,000 to $15,000. Total approvals tanked by 19.4% in January, but were still 19.0% higher over the year. The decline was broad-based with house approvals down 12.2%

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MacroBusiness Tuesday, March 2, 2021 - 12:00 Source

As expected, Australia’s business lobby and wealthy elite are growing more vocal demanding the federal government open Australia’s international border to migrants. These groups like mass immigration for three main reasons: It provides a bigger pool of available workers to recruit, thereby increasing competition in the labour market, lowering worker bargaining power, and holding down

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Renew Economy Tuesday, March 2, 2021 - 11:55 Source

hydrogen plantGerman steel giant Thyssenkrupp and energy company Steag are planning a 500MW green hydrogen electrolysis plant intended to power steel production.

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Renew Economy Tuesday, March 2, 2021 - 11:42 Source

Carnegie Clean Energy interim result reveals bigger losses, but also key progress on the company's CETO wave power technology.

The post Carnegie closes choppy half-year with “key progress” on wave power technology appeared first on RenewEconomy.

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MacroBusiness Tuesday, March 2, 2021 - 11:40 Source

Natural selection is a beast. The moment we get individual or herd immunity and natural selection goes to work on finding a way around it. The FT is reporting on a new COVID variant from Brazil that is spooking medicos: First detected in November it has now spread to 35 countries. 25-61% of previously infected

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MacroBusiness Tuesday, March 2, 2021 - 11:20 Source

CoreLogic provides a series of leading indicators for both the supply and demand side of the property market. Inventory is still very low which is bullish: And demand is still very high which is even more bullish: Note that this is only owner-occupier mortgages. It’s boom, baby. Full report.

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MacroBusiness Tuesday, March 2, 2021 - 11:00 Source

For years labor has played a double game on the east coast gas cartel. It has intimated at various times that it would adopt tougher domestic reservation. But it has never had the cojonies to declare it given its fear of another mining backlash. Now, under the infinitesimal target politics of Anthony Albanese, it appears

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Renew Economy Tuesday, March 2, 2021 - 10:46 Source

Australia's latest emissions data shows a steady post-COVID carbon climb and yet another increase in the country's "baseline".

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MacroBusiness Tuesday, March 2, 2021 - 10:40 Source

Last night Bitcoin bounce was triggered by a new Bitcoin report by Citi. The report was written for (and by?) children under the age of six. FTAlphaville does a good job of dismembering it: On Monday one of the world’s top investment banks, Citi, put out a report called “BITCOIN: At the Tipping Point”, which

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MacroBusiness Tuesday, March 2, 2021 - 10:20 Source

The Reserve Bank of Australia (RBA) has released its index of commodity prices for the month of February, which continues to boom. The commodity price index rose by 3.6% in February in Special Drawing Rights (SDR) terms – the key determinant of Australia’s terms-of-trade – to be up 19.6% over the quarter and 23.9% year-on-year.

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