Blogotariat

The crash in oil prices exacerbates the uncertain future of gas as Origin Energy hits pause on fracking plans in the NT.

Australian emissions data goes missing as historical data and projections scrubbed from the environment department's website.

Over recent years, it has seemed that China has been entrenching strategic bases in increasingly far flung areas. I am not an expert in these matters, nor am I a conspiracy theorist, so I am merely drawing possibly erroneous conclusions from observation, and I leave it to you to judge. The Belt and Road initiative,…

The post The Chinese Empire appeared first on The AIM Network.

This much. Via Deutsche: A week ago, in the wake of news that China had reported a much greater drop in domestic spending in January-February than had been expected, we wrote that the global economy was moving into a severe recession and that Europe and the US would record the largest quarterly declines in GDP

The post Say what? How much did you say Wuhan flu will hit GDP? appeared first on MacroBusiness.

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Not sure Winston ever said that, but it sounds like the kind of thing he might have said. Quote investigator doesn’t tell me sadly. Grateful for any others’ researches in comments below.

Interesting data from the Grattan Institute shows that traffic on Sydney’s and Melbourne’s roads has crashed 75% amid the coronavirus pandemic: Australians do appear to be changing their behaviour in response to the spatial distancing and quasi-lockdown measures imposed by the state and federal governments over the past weeks. The chart below shows that the

The post Australian vehicle trips down 75% amid partial virus shutdown appeared first on MacroBusiness.

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The AEMC's convoluted Cogati process is likely to prove a distraction to the real job, which is designing a transmission and control system for a largely decarbonised grid.

The federal government’s short-sighted decision to allow Australia’s automotive manufacturing industry to close has left the nation desperately short of ventilators, placing lives at risk: The coronavirus crisis is placing immense pressure on the global availability of ventilators, which are needed to pump oxygen into the failing lungs of critically ill patients. Italy’s swamped hospitals

The post Decimation of Australia’s car industry could literally cost lives appeared first on MacroBusiness.

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A few weeks back there were concerns that Australia’s beleaguered National Broadband Network (NBN) would struggle to cope with extra user demand as large numbers of Australians work from home and access online streaming services: NBN Co said it had already seen a rise in demand during both working hours and the peak evening usage

The post NBN passes initial virus stress test appeared first on MacroBusiness.

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AEMC signs off on new mandatory requirements for all NEM participants to provide frequency response services, despite concerns that it will disproportionately burden wind and solar projects.

Earlier this month, we warned that Australia’s hospital system was already dangerously short of hospital beds before the coronavirus outbreak, given it has only 3.8 hospital beds per 1,000 people – only slightly better than Italy and less than one-third Korea and Japan: The Grattan Institute followed claiming that at current growth rates, Australia would

The post Australia to run out of ICU beds in 10 days appeared first on MacroBusiness.

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Via The Guardian: You might think that the consequences of recessions are short-lived. The unemployment rate goes up for a short time, but subsequent strong growth quickly gets things back to normal. Not true. The lessons of past recessions tell a different story. The immediate economic case for minimising the loss of jobs in a

The post Ken Henry: Employment recoveries are never v-shaped appeared first on MacroBusiness.

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Via the AFR: Finance Minister Mathias Cormann has flagged that commercial and residential landlords will have to wear some of the “pain” by granting rent relief due to the coronavirus economic downturn, as governments prepare to lead by example and waive rent for business tenants. Ahead of a national cabinet meeting of federal and state

The post Government backs rent strike! appeared first on MacroBusiness.

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