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MacroBusiness Tuesday, January 19, 2021 - 14:40 Source

Australia’s former Chief Medical Officer Brendan Murphy expects significant border restrictions to be in place for most of 2021, despite the imminent arrival of COVID-19 vaccines. Murphy, who is now the head of the federal health department, says it is likely that quarantine arrangements for international arrivals are likely to remain in place for some

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Renew Economy Tuesday, January 19, 2021 - 14:23 Source

The 1GW Mohammed bin Rashid Al Maktoum Solar Park in the United Arab Emirates has reportedly begun powering the production of aluminium, a world first.

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MacroBusiness Tuesday, January 19, 2021 - 14:20 Source

Stephen Koukoulas (“The Kouk”) has published a well balanced article arguing against returning Australia’s immigration intake back to the “break-neck inflows evident in the couple of decades prior to 2020” once the COVID-19 pandemic ends: Two big issues in Australia are a shortage of quality infrastructure and pressures on house prices. In simple terms, these

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Renew Economy Tuesday, January 19, 2021 - 14:16 Source

volvo FL electric truckFirst Volvo FL Electric truck lands on Australian shores, destined for trials and evaluation with Australian logistics and supply chain company Linfox.

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Renew Economy Tuesday, January 19, 2021 - 14:14 Source

 Tesla).Tesla has quietly unveiled its a new standalone solar inverter, based on the tech

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Renew Economy Tuesday, January 19, 2021 - 14:02 Source

Victoria government study to examine how solar panels could be used to protect fruit orchards and

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MacroBusiness Tuesday, January 19, 2021 - 14:00 Source

Via Goldman: We assess the macroeconomic implications of President-elect Biden’s campaign proposal to modify and expand the Affordable Care Act (ACA), which we believe has a good chance of enactment through the reconciliation process. Because many of the effects of the original ACA would likely recur on a smaller scale, we review the research literature

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Your Democracy Tuesday, January 19, 2021 - 13:57 Source

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MacroBusiness Tuesday, January 19, 2021 - 13:40 Source

The Morrison Government is under scrutiny over its lack of action in implementing the recommendations of the Hayne banking royal commission. Analysis shows that 27 of the inquiry’s recommendations have been fully implemented to date; another 44 are yet to be implemented, while the government has formally abandoned five of them. The government had committed

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MacroBusiness Tuesday, January 19, 2021 - 13:20 Source

Another light has been shone on the widespread rorting of the JobKeeper wage subsidy, with several large retailers reporting record profits and paying big executive bonuses and dividends: The federal treasurer, Josh Frydenberg, has welcomed Super Retail Group’s decision to voluntarily return $1.7m of wage subsidies to the Australian government, while Labor has called for other

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MacroBusiness Tuesday, January 19, 2021 - 13:00 Source

Via Sinocism: China agrees to invite WHO expert after second COVID-19 test – CGTN The British expert was among two WHO team members who did not board a flight to China after they tested positive for IgM antibodies in Singapore on Thursday. U.S. and China clash at WHO over scientific mission in Wuhan | Reuters

The post The fight for the virus narrative appeared first on MacroBusiness.

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Renew Economy Tuesday, January 19, 2021 - 12:56 Source

Yallorn power station - optimised emissions carbon price pricingAustralian carbon spot price climbs again, as pressure continues to grow for the Morrison government to commit to a more ambitious net-zero emissions target.

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MacroBusiness Tuesday, January 19, 2021 - 12:40 Source

Once he ran a non-bank lender. Now he’s singing a different tune, at the AFR: Nicholas Gruen, Lateral Economics chief executive and a former adviser to Labor treasurer John Dawkins, said the RBA was “pushing on a string” with near-zero interest rates and the fiscal policy of governments had rightly picked up some of the

The post Gruen: Don’t rely on house prices for growth appeared first on MacroBusiness.

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Renew Economy Tuesday, January 19, 2021 - 12:37 Source

regulator Solar Panels on rooftop Roof suburb stockland - optimisedNew study finds coordinated state government policies could be key to breaking down the barriers to installing solar for renters.

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MacroBusiness Tuesday, January 19, 2021 - 12:20 Source

Karen Maley has published an article in The AFR entitled “Why we should stick with the 12pc super guarantee rate”, which is worth countering since it makes a number of dubious arguments: The [Retirement] review points out that the old-age pension has been rising faster than inflation over the past decade, and has risen faster

The post Why we should not stick with the 12% super guarantee rate appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 19, 2021 - 12:00 Source

Do radicalised ABC editors meet every morning to pat one another on the back on another anti-American, pro-China day at the office? It sure looks like it: He took an escalator in and is taking a helicopter out. When it comes to rides, what a wild one the Donald Trump presidency has been. As a

The post Radicalised ABC editorialises end of El Trumpo appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 19, 2021 - 11:40 Source

From the Housing Industry Association (HIA): “New Home Sales reached remarkable heights in December, nearly doubling compared to the number of sales recorded in November,” stated HIA’s Economist, Angela Lillicrap. The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading

The post New home sales blow the roof off in December appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 19, 2021 - 11:20 Source

CoreLogic leading indicators this week show an ongoing seaonal fall in new mortgages: This is deeper than I expected. I wonder if the virus outbreaks over Xmas have hit the market. Not to worry, though, because listings are a disaster: Obvious price support there. Full report.

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MacroBusiness Tuesday, January 19, 2021 - 11:00 Source

China’s house prices are out. They lifted just 0.1% for a second month and 3.8% on the year: The majority of cities saw stable or falling prices: Top tier is dead, others are slowing: Prices are probably not yet slow enough to trigger a building bust they are trending that way and an easing in

The post Chinese house prices have stalled appeared first on MacroBusiness.

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Your Democracy Tuesday, January 19, 2021 - 10:44 Source

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MacroBusiness Tuesday, January 19, 2021 - 10:40 Source

With thousands of Victorians stranded interstate and abroad amid border closures, and Victoria’s overseas arrivals capped at a measly 160 a day, the Victorian Government last week hatched the idiotic plan to bring thousands of international students into the state to be housed in student accommodation: On Friday, a spokeswoman for the premier, Daniel Andrews,

The post Dan Andrews backflips on international students return appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 19, 2021 - 10:20 Source

Roy Morgan Research has released its labour market survey for December, which revealed that the Australian workforce hit a new high in December with more jobs and more people looking for work: Latest Roy Morgan employment series data shows over 12.6 million Australians employed in December (up 210,000 since November) and 1.72 million (up 44,000)

The post Roy Morgan: Australian workforce hit new high in December appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 19, 2021 - 10:00 Source

The housing affordability situation in New Zealand has gone from bad to worse, with new data released by the RBNZ showing that the value of New Zealand’s housing stock hit $1.28 trillion in the September 2020 quarter, up 10.7% year on year. When compared against the size of the economy – currently $321 billion –

The post Aussie property looks cheap compared to New Zealand appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 19, 2021 - 09:49 Source

Via ANZ: ANZ-Roy Morgan Aus Consumer Confidence is close to unchanged, at an above neutral level, though below the long-run average. ‘Future financial conditions’ stood out with a gain of 2.4% and is above the long-run average. #ausecon #ausretail @roymorganonline @DavidPlank12 @MBansi pic.twitter.com/uhuU3hP30a — ANZ_Research (@ANZ_Research) January 18, 2021 House prices!

The post Consumer confidence recovery stalls appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 19, 2021 - 09:40 Source

Iron ore price for January 18, 2021: Spot is firm. Paper took off. Rebar has not updated. Looking forward, Clive Russell has the right idea: At the same time Beijing opened the stimulus taps, there were supply concerns, particularly in number two exporter Brazil, and third-ranked South Africa, as mines and transport systems were hit

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

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MacroBusiness Tuesday, January 19, 2021 - 09:30 Source

The US long weekend had a deleterious effect on trading volume and hence volatility overnight with most risk markets remaining in stalled mode as they await there queues from Wall Street. European bourses had slight rises while currency markets were equally sanguine. Bitcoin started the week with lower volatility than usual, hovering around local resistance

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MacroBusiness Tuesday, January 19, 2021 - 09:20 Source

Via Westpac: 1. What does a global “reflation” trade look like in Australia? • It would not be a 2021 Outlook piece without a recommendation to position for the global “reflation trade”. • Given that global central banks are committed to anchoring cash rates, and in the case of the RBA, also adopting YCC out

The post Twelve questions for the Australian dollar outlook appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 19, 2021 - 09:00 Source

Chinese December and Q4 growth was out yesterday and ended the year with a bang. GDP clocked up 6.5%: And December internals were firm as well with fixed asset investment at 2.9% year to date, industrial production at 2.3% and retail still improving at -3.9% but up 4.6% Yoy: Turning to real estate, sales area

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THE BLOT REPORT Tuesday, January 19, 2021 - 08:36 Source

Alexandra Marshall describes herself as an IT professional, farmer, writer and political blogger. She writes for the Spectator, a magazine edited by perhaps the craziest of the crazies on Sky After Dark (SAD), one Rowan Dean, who has been the subject of derision here before1.

She tweeted: Our grandparents fought against the cataclysm of socialism to make sure [Australia] remained a free and prosperous nation. Lest We Forget.2

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Renew Economy Tuesday, January 19, 2021 - 07:51 Source

solar parkHow did Germany get its renewables so right – and what stumbling blocks might it encounter still?

The post Germany’s secret decarbonisation sauce: diverse participation in climate action appeared first on RenewEconomy.

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