Blogotariat

Oz Blog News Commentary
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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MacroBusiness Thursday, August 22, 2019 - 10:15 Source

Hoocoodanode! At Domain: One of Australia’s top bankers has warned against using unconventional monetary policy in an attempt to boost the domestic economy, saying it could undermine international investor confidence and have a precipitous impact on bank profit margins. The chief executive of Westpac’s institutional bank, Lyn Cobley, also said she did not think even

The post Stop the Press: Bank doesn’t want profit-eating QE! appeared first on MacroBusiness.

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The Tally Room Thursday, August 22, 2019 - 10:00 Source

The Electoral Commission of Queensland (ECQ) last Friday released the draft boundaries for the Brisbane City Council election, due in March 2020. I’ve now put together a map of the electoral boundaries, and I’ve also calculated margins in all 26 wards, as well as primary votes for the three main parties.

The changes have helped Labor in a couple of marginal LNP wards, but overall has not had a big impact on Labor’s prospects of gaining control of the council in 2020.

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MacroBusiness Thursday, August 22, 2019 - 10:00 Source

Ah, flammable cladding. Canberra this time, via the AFR: Residents of a Canberra high-rise apartment building avoided potential tragedy this month when a smouldering cigarette ignited combustible cladding on the wall and balcony of a second-level unit. Five firefighting vehicles rushed to Glebe Park Apartments on the afternoon of August 7 after the cigarette butt

The post Another towering inferno ignites on east coast appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, August 22, 2019 - 09:48 Source

Just to underline how puerile politics has become, Federal Resources Minister Matt Canavan has called engineering firm Aurecon “weak as piss” and a “bunch of bedwetters” for severing its relationship with Adani. “People of regional Queensland have kind of got over caving in to this kind of behaviour and conduct, it has to be called…

The post “Weak as piss” appeared first on The AIM Network.

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MacroBusiness Thursday, August 22, 2019 - 09:45 Source

Yesterday we saw a corrupt Stockland trumpeting its access to the Property Council PM: Chief executive Mark Steinert says settlement defaults spiked in the year to June 2019 to 7 per cent, the highest rate experienced by Stockland since the global financial crisis. Previously the rate of defaults was 3 per cent. …He told Chanticleer

The post Scummo’s housing guarantee sinks UK FHBs into negative equity appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 09:30 Source

By Chris Becker  Some more stability or instability depending on your point of view returned to equity markets overnight with the Fed minutes absorbed without much fuss as no bad macro news equating to higher risk sentiment. Weekly oil inventories were much less than expected, sending Brent higher while WTI crude was stable, as safe

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 09:30 Source

Via Goldman: “…things could change pretty quickly, particularly against the backdrop of China’s frustrations about Australia’s decisions to ban Huawei, target China with recent foreign interference laws, and allude to China as responsible for recent cyberattacks on the Australian government.” A “very significant” and “targeted pullback” could see Chinese tourism volume fall 60 per cent

The post Please China, turn the trade war guns on Australia! appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 09:15 Source

Via CBA: The August Flash PMITM data signalled a first reduction in output since March, with the decline centred on the service sector. New orders also decreased, but employment returned to growth and business sentiment picked up. Currency weakness led to a faster rise in manufacturing input prices, but services costs increased at a weaker

The post No ScoMo miracle: CBA services PMI contracts appeared first on MacroBusiness.

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Renew Economy Thursday, August 22, 2019 - 09:11 Source

Shell bids for Australia's ERM Power, marking first big move in plan to take dominant position in electricity and electric transport.

The post Shell launches electric dreams with bid for Australian generator ERM appeared first on RenewEconomy.

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Renew Economy Thursday, August 22, 2019 - 09:11 Source

Shell bids for Australia's ERM Power, marking first big move in plan to take dominant position in electricity and electric transport.

The post Shell launches electric dreams with bid for Australian energy utility ERM appeared first on RenewEconomy.

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Poll Bludger Thursday, August 22, 2019 - 06:08 Source

Higher disapproval ratings for both leaders in the latest Essential poll, which also records lukewarm feelings towards the United States and cooler ones for China.

The post Essential Research: leadership ratings, US and China, abortion law appeared first on The Poll Bludger.

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Poll Bludger Thursday, August 22, 2019 - 06:07 Source

Ahead of its resumption on September 3, a look at the methods Britain's parliament could use to thwart a no-deal Brexit on October 31. Guest post by Adrian Beaumont.

The post Brexit latest: will parliament thwart no deal? appeared first on The Poll Bludger.

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MacroBusiness Thursday, August 22, 2019 - 06:02 Source

DXY is till at breakout versus a weak EUR and CNY: The King Dollar sat on the Australian dollar but it lifted versus other DMs: EMs were stronger: It’s BTFD for gold: Oil was soft: Metals mixed: Miners weak: EM stocks better: And junk: Treasuries were sold: Bunds more so: Aussie bonds were solid: Stocks

The post Australian dollar on a hiding to nothing appeared first on MacroBusiness.

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Renew Economy Thursday, August 22, 2019 - 00:32 Source

Queensland government names former Origin Energy executive Maia Schweizer as inaugural CEO for its new publicly-owned generator, CleanCo.

The post Queensland chooses Maia Schweizer to head new CleanCo generator appeared first on RenewEconomy.

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Renew Economy Thursday, August 22, 2019 - 00:16 Source

AEMO concerns about reliability of thermal assets, saying multiple generator failures could put reliability at risk. And it wants a new standard put in place that recognises uncontrollable events.

The post AEMO worries about ageing coal fleet in summer heat, and demands new tools appeared first on RenewEconomy.

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Renew Economy Thursday, August 22, 2019 - 00:16 Source

AEMO concerns about reliability of thermal assets, saying multiple generator failures could put reliability at risk. And it wants a new standard put in place that recognises uncontrollable events.

Read more Views: 24
MacroBusiness Thursday, August 22, 2019 - 00:14 Source

And it is this. Australia is buggered. It is at the tail end of a thirty year boom that has been on life support for the past eight years, kept alive only by running mass immigration into an economy bulging with over supply and under supply in all the wrong places. The labour market is

The post Scummo has a problem appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 00:10 Source

Via The Australian: Adani has been blindsided after a major contractor to its north Queensland coal port decided to walk away after a longstanding relationship. …In a statement last night, ­Aurecon said it would cease working with Adani when its current contact expired in “six to nine months”. “As part of this decision the firm

The post Adani rocked by contractor walkout appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 00:05 Source

He’s been slow to turn but the transformation into MB is now complete. From Martin North: We ran out live stream event last night. During the session we discussed our revised scenarios, taking account of the complex local and international backdrop. Using a baseline of July 2018, and looking ahead this is how it plays

The post Martin North falls in behind MB property outlook appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 00:05 Source

Texture from the FT: “Headwinds to Chinese demand are growing, with industrial output growth the weakest since 2002 and infrastructure investment growth weakening,” analysts at Numis wrote in a note. “Iron ore inventories are rising and mills’ profit margins are under pressure as falling steel prices wipe out the benefit of the drop in raw

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

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MacroBusiness Thursday, August 22, 2019 - 00:03 Source

Yesterday the MSM finally tore the scab off the international students wound MB has been picking at for years. The driver was a CIS report that made plain what MB readers have long known, that Aussie uni’s have whored themselves horribly to Chinese international students, via The Australian: Universities are “taking massive fin­ancial risks” through over­exposure to

The post MSM slams Chinese international student pimps appeared first on MacroBusiness.

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MacroBusiness Thursday, August 22, 2019 - 00:01 Source

Global Macro / Markets / Investing: CEOs Say they Will Stop Maximizing Shareholder Value–Would Be Better if they Stopped Maximizing CEO Compensation – Common Dreams Goldman Sachs Group Officially Became A Credit-Card Lender On Tuesday By Rolling Out Its First Product With Apple – Yuv News Yield curve inversion hammers US small banks – FT

The post Links 22 August 2019 appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, August 21, 2019 - 16:48 Source

Until 2016, Australian Labor had an online blog site The Labor Herald. There is a case to bring back the Labor Herald.…

The post Bring Back The Labor Herald appeared first on The AIM Network.

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MacroBusiness Wednesday, August 21, 2019 - 16:30 Source

The bounce has deflated here in Asia although Chinese stocks are just holding on to the inversion in risk sentiment overnight with the USD gaining slightly today. The Shanghai Composite is hovering on a scratch session going into the close, currently unchanged at 2877 points while the Hang Seng Index is also unmoved at 26231 points. Price

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, August 21, 2019 - 16:00 Source

By Dr George Venturini   On 11 and 12 February 2015 Charles visited Saudi Arabia for the twelfth time since 1986. He had been there in January to pay his condolences following the death of King Abdullah bin Abdulaziz Al Saud. The Prince was representing The Queen. The day after his arrival, on his tenth visit…

The post A conga line of bludgers: Prince Charles (part 8) appeared first on The AIM Network.

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Renew Economy Wednesday, August 21, 2019 - 15:10 Source

EnergyAustralia says legal action against wind farm operators a fruitless “blame game,” at a time when the national energy market is changing "beyond recognition."

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Renew Economy Wednesday, August 21, 2019 - 15:07 Source

Compared with dual glass bifacial, JinkoSolar’s Swan reduces the weight by 25%.

The post JinkoSolar’s Swan reduces bifacial module weight by 25% appeared first on RenewEconomy.

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Renew Economy Wednesday, August 21, 2019 - 15:03 Source

Prices hit zero in all mainland NEM states on Wednesday for second day in a row, and for fourth day in a row in sunny Queensland.

The post Prices hit zero again across the grid as renewables output tops 10GW appeared first on RenewEconomy.

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Your Democracy Wednesday, August 21, 2019 - 14:56 Source

citadel

After Romance With Russian Agent, Overstock C.E.O. Takes Aim at ‘Deep State’

He was the chief executive of Overstock.com, a publicly traded e-commerce retailer. She was an ambitious graduate student from Russia.

Read more Views: 48

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