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Renew Economy Monday, June 1, 2020 - 15:38 Source

market rebate rooftop solar suburb politicallyAEMO seeks powers to impose minimum standards for rooftop solar, battery storage and EVs in an effort to create a single, nationally consistent set of rules.

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Renew Economy Monday, June 1, 2020 - 15:07 Source

Renewable energy accounts for 56 per cent of Germany's electricity supply in first five months of 2020.

The post Graph of the Day: Germany reaches 56% renewables for 2020 appeared first on RenewEconomy.

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Renew Economy Monday, June 1, 2020 - 15:07 Source

Renewable energy accounts for 56 per cent of Germany's electricity supply in first five months of 2020.

The post Graph of the Day: Germany reaches 56% renewables for 2020 appeared first on RenewEconomy.

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Renew Economy Monday, June 1, 2020 - 14:44 Source

A consortium of Japanese companies has transformed an abandoned golf course in Kyushu, Japan’s third-largest and south-western-most island, into a 100MW solar farm.

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Renew Economy Monday, June 1, 2020 - 14:37 Source

CSIRO battery optimisation spin-off Evergen completes successful $6m crowd investment round, to accelerate commercialisation of software platform.

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The Australian Independent Media Network Monday, June 1, 2020 - 14:29 Source

Mobs are unruly, headless things. The message is the action. The platform is often violence. But what is happening across the United States cannot simply be labelled as a looting-leads-to-shooting episode. It ranks as another chapter of enraged despair and untidy opportunism. It all began with a savage act in South Minneapolis, a killing grotesque…

The post Let’s Burn the Whole Thing Down: Death, Protest and George Floyd appeared first on The AIM Network.

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MacroBusiness Monday, June 1, 2020 - 14:20 Source

Lordy, this is what a commercial property crash looks like. Via VCX: These are not run-down suburban malls we’re talking about. This is the Strand Arcade, Chadstone and DFO. With values down 11-13% in four months, you’d be hard-pressed to say that this is the bottom. There has been some rebound in foot traffic but

The post In the Vicinity of doom appeared first on MacroBusiness.

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MacroBusiness Monday, June 1, 2020 - 14:00 Source

Via The Economist: It is not hard to find Chinese who cheer the foreign ministry’s pugnacious new style. Against that, some members of China’s foreign-policy establishment express alarm over this assertiveness, calling it a mistake born of inexperience. That is letting foreign ministry hotheads off too easily. A well-travelled bunch, China’s quarrel-picking diplomats know how

The post The Economist: Chinese wolf wankers alienate all appeared first on MacroBusiness.

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MacroBusiness Monday, June 1, 2020 - 14:00 Source

The NSW and VIC state governments have reportedly joined forces to axe stamp duties in favour of an annual land tax: Stamp duty would be gradually replaced by an annual land tax and home buyers could “opt in” to a new property system or receive a credit for past duties, under reform options for the

The post Major states want stamp duty axed appeared first on MacroBusiness.

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MacroBusiness Monday, June 1, 2020 - 13:40 Source

SQM Research’s managing director, Louis Christopher, has doused hopes for an imminent rebound in the Australian property market: “It’s starting to look like it’s [auction clearance rates] topped out. If that is the case then what this reveals is that for now [it’s] a weaker market, a market that is very patchy”… “There’s not strong

The post SQM: No imminent rebound for Aussie property appeared first on MacroBusiness.

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MacroBusiness Monday, June 1, 2020 - 13:20 Source

The ANZ’s head of retail and business banking, Mark Hand, suggests that 2021 will be a very difficult year for small businesses. Plank claims many small and medium enterprises will not recover from the COVID-19 crisis, even with loan deferrals from banks and wage subsidies from the federal government. He says the best move for

The post ANZ forecasts small business jobspocalypse appeared first on MacroBusiness.

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MacroBusiness Monday, June 1, 2020 - 13:00 Source

Via the excellent Damien Boey at Credit Suisse: US household saving rate at 33%! A lot happened in April. There was a very sharp downtun in the labour market, households received an enormous boost to disposable incomes from fiscal stimulus, and consumers significantly pared back their spending amid shutdown restrictions. The net balance of these forces

The post US households save like the end of the world appeared first on MacroBusiness.

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Renew Economy Monday, June 1, 2020 - 12:56 Source

JinkoSolar has been ranked as a Top Performer for the sixth consecutive year in the 2020 PV Module Reliability Scorecard

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MacroBusiness Monday, June 1, 2020 - 12:40 Source

We argued previously that the NSW State Government had hit ‘peak stupid’ in deciding to spend $2.5 billion to demolish and rebuild the Olympic Stadium and the Sydney Football Stadium, both of which are underutilised. These stadiums were assessed to deliver zero net economic benefits for the state, according to analysis by hired gun KPMG. Moreover,

The post NSW Government dumps farcical Olympic Stadium redevelopment appeared first on MacroBusiness.

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Renew Economy Monday, June 1, 2020 - 12:39 Source

10 reasons why re

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MacroBusiness Monday, June 1, 2020 - 12:20 Source

Via APRA monthly banking numbers for April. Investor mortgages are still in retreat following last year’s major accident: The year on year shrinkage will not make seen again until June when we get twelve months from APRA’s portfolio rejig. But investor mortgages are falling across the big eight banks, and accelerated downwards in April: NAB

The post Investment mortgages continue retreat appeared first on MacroBusiness.

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Renew Economy Monday, June 1, 2020 - 12:13 Source

zoox sensorsAmazon looks to buy AV startup Zoox - backed by Australian billionaire Mike Cannon-Brookes - in move to cut delivery costs and put it in competition with Tesla.

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MacroBusiness Monday, June 1, 2020 - 12:00 Source

Deep! Via the Melbourne Institute monthly inflation indicator: Minus 1.2% for May and 0.1% year on year. If you’ve got a job with a stable salary and no assets then you’re getting richer.

The post Australia crashes into deflation appeared first on MacroBusiness.

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MacroBusiness Monday, June 1, 2020 - 11:40 Source

The Australian’s Stephen Lunn has penned an article calling for the Morrison Government to quickly resume the mass immigration ‘Big Australia’ policy at the earliest opportunity. The article features immigration extremist Chris Richardson from Deloitte Access Economics, an economist who has previously called for Australia to lift its already turbo-charged immigration intake. Let’s examine the

The post Attack of the mass immigration boosters appeared first on MacroBusiness.

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MacroBusiness Monday, June 1, 2020 - 11:30 Source

From the Flying Circus today: New home buyers to get cash grants – housing bears shitting themselves https://t.co/dtZDY1uEyi — christopher joye (@cjoye) May 31, 2020 Guess who’s long bank hybrids then? I note that the housing package will be jobs supportive so that’s good for housing in a general sense. A few renos will do

The post Flying Circus: Housing bears “shitting themselves” appeared first on MacroBusiness.

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MacroBusiness Monday, June 1, 2020 - 11:20 Source

At least it’s honest about gutting the economy, via The Australian: The National COVID-19 Co-ordination Commission, chaired by former Dow Chemicals boss Andrew Liveris, recommended the federal government take immediate action to create an gas market that could deliver globally competitive results similar to the US with gas available at just $4 a gigajoule, more

The post Shell has a good laugh at manufactruing rennaisance appeared first on MacroBusiness.

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Your Democracy Monday, June 1, 2020 - 11:18 Source

zutbottbot   

In the light of the present general lockdown without mentioning its purpose we could ask a few questions regarding “free will” and a few philosophical attitudes, when faced by interferences such as war and diseases. 

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MacroBusiness Monday, June 1, 2020 - 11:17 Source

A new post-COVID high for the AUD this morning: Bonds are stable: XJO is soft with S&P futures: Big Iron is up and away: Big Gas is struggling to believe: As is Big Gold: Big Banks are undoing the surge: A Big Chunt struggles: Westpac’s fair value model has lifted a little but remains well

The post Australian dollar hits 0.67 appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, June 1, 2020 - 11:14 Source

By Christian Marx   America is teetering on the edge of collapse and possible civil war. How did it come to this? Every problem the U.S currently faces can be traced back to capitalism. America has always been based around a rugged, dog eat dog type of individualism. A Darwinian survival of the fittest mentality. This…

The post The killing of America appeared first on The AIM Network.

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Renew Economy Monday, June 1, 2020 - 11:09 Source

The 200MW Sunraysia solar farm in NSW faces further delays as contractor reveals rare insight into nature of disputes that has afflicted the large scale solar industry.

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MacroBusiness Monday, June 1, 2020 - 11:00 Source

Following on from MB’s preliminary report at the 5-City level, CoreLogic has released its full dwelling value results for May, which reports that Australian dwelling values declined by 0.4% over the month, with capital city dwelling values declining more sharply by 0.5%: As shown above, the smaller capitals experienced mixed conditions in May, with rises

The post CoreLogic: Both property prices and rents are falling appeared first on MacroBusiness.

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MacroBusiness Monday, June 1, 2020 - 10:40 Source

Dr Bob Birrell and Dr Katharine Betts from the Australian Population Research Institute (APRI) have released another terrific research paper, entitled “The Crisis in the Overseas Student Industry: How should Government respond?” which highlights how Australia’s Group of Eight (Go8) Universities have shafted domestic students in the greedy pursuit of international student riches, especially from

The post Report: Go8 universities shaft domestic students for international appeared first on MacroBusiness.

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MacroBusiness Monday, June 1, 2020 - 10:20 Source

It was well telegraphed last week. But after intense lobbying from the Property Council of Australia (PCA) and the Master Builders Australia (MBA), and a warning from the Housing Industry Association (HIA) that dwelling commencements would collapse to around half of peak levels: The Morrison Government will reportedly announce this week a new $50,000 grant

The post Massive new home owner’s grant launches this week appeared first on MacroBusiness.

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MacroBusiness Monday, June 1, 2020 - 10:00 Source

If Friday’s private sector credit data from the Reserve Bank of Australia (RBA) showed one thing it was that COVID-19 has put a final nail in the Australian consumer’s coffin. According to the RBA, the stock of personal credit was already in terminal decline. However, COVID-19 has sent it crashing through the floor, collapsing by

The post COVID-19 puts final nail in consumer coffin appeared first on MacroBusiness.

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xkcd.com Monday, June 1, 2020 - 10:00 Source

Nature abhors a vacuum and also anything that's not a crab.

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