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MacroBusiness Tuesday, December 10, 2019 - 00:01 Source

Global Macro / Markets  / Investing: Governments must learn to love borrowing again – FT Why this Boom Could Keep Going Well Beyond 2019 – Mises The Davos Manifesto: Towards a better kind of capitalism – WEForum Chart suggests a year-end market rally will emerge as soon as next week – CNBC Ford challenged Tesla

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The Australian Independent Media Network Monday, December 9, 2019 - 23:24 Source

Industrial Revolution and Impacts Australia has relied on one main commodity for a very long time. Therefore, we are the leading exporter of coal in the world. As a result, many regions have a high concentration of heavy industry. Consequently, the push away from coal globally coupled with automation means we are facing the biggest…

The post Labor, Coal and Climate Action appeared first on The AIM Network.

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Renew Economy Monday, December 9, 2019 - 22:19 Source

solar chinaThe climate talks in Madrid simply highlight how important China’s next electricity plan is for the world, for China and for Australia.

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The Australian Independent Media Network Monday, December 9, 2019 - 18:42 Source

Ok, let’s get the cricket analogy out of the way… You’ve undoubtedly seen the video of Howard bowling the short-pitched ball that was a little less threatening than you’d expect from an Australian bowler, but I’m more concerned with the nature of spin than fast bowling. While one can admire spin on a cricket pitch…

The post Can Scott Morrison Outspin Shane Warne Or Is He More Likely To Resemble Howard? appeared first on The AIM Network.

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The Australian Independent Media Network Monday, December 9, 2019 - 18:30 Source

By 2353NM   You’ve probably heard Prime Minister Morrison offering ‘thoughts and prayers’ to those affected by the bushfires that continue to burn in parts of Australia, or the ongoing drought, or perhaps the bombings that occurred in Sri Lanka last Easter. Morrison isn’t the only ‘world leader’ that follows the ‘thoughts and prayers’ mantra. US President Trump is also…

The post The ultimate copout appeared first on The AIM Network.

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MacroBusiness Monday, December 9, 2019 - 17:00 Source

Stocks across the region had a less than mild response to the stonking NFP print on Friday night, with gains only half that of their northern hemisphere brothers. This was due to the latest Chinese export figures which disappointed, and strong Yen and Aussie dollar to the USD. The Shanghai Composite only 2 points higher,

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, December 9, 2019 - 15:28 Source

The two most senior energy bosses in Northern Territory sacked after report into Alice Springs "system black" identified major cultural and system problems.

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Renew Economy Monday, December 9, 2019 - 15:25 Source

kyoto COP25 Madrid climate talks kyoto carryover angus taylor - optimisedAustralian climate negotiators will be forced to defend the Morrison government's questionable accounting fudge as countries move to block Kyoto carryover.

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Renew Economy Monday, December 9, 2019 - 15:19 Source

British oil and gas supermajor increases stake in solar developer Lightsource BP to fast-track plans to develop 10GW of renewable energy assets by end 2023.

The post Oil giant BP increases stake in solar developer Lightsource appeared first on RenewEconomy.

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Renew Economy Monday, December 9, 2019 - 15:17 Source

Seven projects with combined wind, solar capacity of 271MW awarded at average cost of $A3.33/MWh – prices so low they accounted for only 61% of the tender’s allocated budget.

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The Australian Independent Media Network Monday, December 9, 2019 - 14:55 Source

In some ways, it is a very British thing: fair play is expected; the reasonable person with all faculties intact, going about the business of living and voting. Little thought is given to the fact that these assumptions are as much constructions, façades of rhetorical merit rather than reality. Voters need not be reasonable, and…

The post Paranoias of Interference: Russia, Reddit and the British Election appeared first on The AIM Network.

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Renew Economy Monday, December 9, 2019 - 14:43 Source

India-based solar contracting giant Sterling and Wilson Solar enters Australian market, begins work on first local project, 200MW Wellington solar farm in NSW.

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Renew Economy Monday, December 9, 2019 - 14:30 Source

Major structural components for the Warradarge Wind Farm have begun their journey to site, marking an important milestone in the project.

The post Warradarge Wind Farm begins delivery of structural components appeared first on RenewEconomy.

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MacroBusiness Monday, December 9, 2019 - 14:20 Source

As an Australian parent in 2019, the public versus private school debate is hard to avoid. With two children aged 9 and 11, and living in a fairly affluent area of Melbourne, I am continually asked “which private school will you send your kids to”? When I respond that I am considering sending my daughter

The post Is private schooling a waste of money? appeared first on MacroBusiness.

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MacroBusiness Monday, December 9, 2019 - 14:00 Source

Australia’s migrant wage theft economy continues to run rampant, with a new report from the Fair Work Ombudsman (FWO) revealing that a huge proportion of eateries across Australia’s cities are underpaying workers: Inspectors audited 156 businesses in Adelaide (Gouger Street, Grote Street, Rundle Street and The Parade), Melbourne (Swanston St, Lygon Street, Sydney Road and

The post FWO: Migrant wage theft runs rampant across restaurants appeared first on MacroBusiness.

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MacroBusiness Monday, December 9, 2019 - 13:40 Source

Via Domain: Millions of Australians are struggling to work more hours and lift their earnings in a “gig economy” that suppresses wage growth, according to new research that reveals key pressure points across the country. …Labor frontbencher Clare O’Neil will liken the trend to a “drought” for workers who need more work, saying the two

The post Albo heads to QLD with wrong message appeared first on MacroBusiness.

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MacroBusiness Monday, December 9, 2019 - 13:20 Source

It was described as the “biggest public policy scandal in Australian history: the systematic rorting of the vocational education and training system (VET)”. It was the reckless policy first introduced by the Howard Government and then expanded by the Gillard Government, which gave private VET providers virtually unregulated access to government subsidies for every student

The post VET rorters get away Scot-free appeared first on MacroBusiness.

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MacroBusiness Monday, December 9, 2019 - 13:00 Source

Ian McAllister says the level of satisfaction with democracy in Australia is at its lowest level since the constitutional crisis in 1975 that led to the dismissal of the Whitlam government. McAllister is the co-author of the ‘Australian Election Study’, released by the Australian National University in the wake of the May federal election. The

The post 75% of Aussies think politicians are scum appeared first on MacroBusiness.

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MacroBusiness Monday, December 9, 2019 - 12:40 Source

Via Deloitte today: Retail Forecasts: little Christmas cheer but some promise in 2020 9 December 2019:  It has been a tough year for the retail sector so far in 2019, and the upcoming festive spending will likely do little to change that underwhelming result. Weak wage growth, high debt levels and increasing price pressures are

The post Deloitte: Retail to boom in 2020 appeared first on MacroBusiness.

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MacroBusiness Monday, December 9, 2019 - 12:20 Source

Medibank Private’s chief customer officer David Koczkar and NIB Holdings MD Mark Fitzgibbon have stressed the need to reign in rising costs in Australia’s health care system, which is slowly being crushed by rising claims. From The Australian: “There has never been a more urgent time for further reform to drive down the cost of

The post Health insurance crisis looms appeared first on MacroBusiness.

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MacroBusiness Monday, December 9, 2019 - 11:40 Source

Via the AFR: The key figure in fraud charges brought by the Chinese government against defector Wang Liqiang is linked to a mystery $50,000 Labor Party donation flagged as suspicious by the NSW corruption watchdog. Sydney businessman Xin “Filip” Shu confirmed he made the complaint against Mr Wang in April this year, which is now

The post Plot thickens around Chinese spy defector appeared first on MacroBusiness.

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MacroBusiness Monday, December 9, 2019 - 11:20 Source

Vai Platts: China Macro & Metals: Steel output falls, but property creates bright spots Chinese steel production posted a rare drop in October, while domestic steel prices have been buoyed by the property sector. Paul Bartholomew and Sebastian Lewis analyze China’s key economic indicators, and what they mean for the metals sector. Crude steel production

The post Where is all the iron ore going? appeared first on MacroBusiness.

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Renew Economy Monday, December 9, 2019 - 11:12 Source

Goldwind's Cattle Hill wind farm is sending power to the grid, with first turbine of 144MW project connected to Tasmanian transmission network and generating electricity.

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THE BLOT REPORT Monday, December 9, 2019 - 11:01 Source

Rod Bower is the
priest at the Gosford Anglican Church, which is famous for the
thought-provoking statements posted on the noticeboard out the front of the
church. Some of them are: ‘Dear Christians, some people are gay. Get over it,
love God’; ‘When will they love their kids more than their guns’; ‘Our kids
climate future sold for 30 pieces of silver’; ‘Jesus had 2 dads and he turned
out OK’. He was one of the examples I used to illustrate the dichotomy in
Christianity in Australia today1. This dichotomy is between those

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MacroBusiness Monday, December 9, 2019 - 11:00 Source

Via the FT: Beijing has ordered all government offices and public institutions to remove foreign computer equipment and software within three years, in a potential blow to the likes of HP, Dell and Microsoft. The directive is the first publicly known instruction with specific targets given to Chinese buyers to switch to domestic technology vendors,

The post Cold War 2.0 accelerates as “silicon curtain” drops appeared first on MacroBusiness.

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xkcd.com Monday, December 9, 2019 - 11:00 Source

Cyanobacteria wiped out nearly all life on Earth once before, and they can do it again!

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MacroBusiness Monday, December 9, 2019 - 10:45 Source

The Canberra Times’ Crispin Hull penned an article over the weekend defending Australia’s compulsory superannuation system and imploring the Morrison Government to maintain the scheduled increase in the superannuation guarantee to 12%: The [superannuation] system needs some changes, but not in the way that big business, Coalition MPs and right-wing think tanks are suggesting. They

The post Why raising the superannuation guarantee is bad policy appeared first on MacroBusiness.

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A Senex View Monday, December 9, 2019 - 10:43 Source

Originally posted at Australian Real Progressives

By now you have probably noticed Australian Real Progressives has a rather heavy focus on jobs.  This is because 2 million Australians are looking for work or more hours.

Anthony Albanese

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MacroBusiness Monday, December 9, 2019 - 10:30 Source

Via Bill Evans of Westpac: The Australian economy grew by a disappointing 0.4% in the September quarter for annual growth of 1.7%. Of most concern is that this represents the fifth consecutive quarter where private final demand, which declined by 0.3% in September, either contracted or was flat. Within private final demand the most surprising

The post Bill Evans: Weak growth trashes RBA and Budget outlook appeared first on MacroBusiness.

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MacroBusiness Monday, December 9, 2019 - 10:15 Source

Inside Story’s Tim Colebatch has penned a ripping article on how Australia’s economy is forecast by the International Monetary Fund (IMF) to lag the world’s 12 largest developed nations on per capita GDP growth: …the International Monetary Fund is forecasting that in 2020 Australia will have the highest growth rate in GDP (gross domestic product)

The post IMF: Australian economy developed world’s worst appeared first on MacroBusiness.

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