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The Australian Independent Media Network Tuesday, October 20, 2020 - 10:44 Source

It was highly probable. Given the howls of concern that social media platforms such as Twitter and Facebook nurse and nurture a bias (every choice on content entails one), a gift was made to critics to show just that. Last Wednesday, Twitter prevented users from posting links to a New York Post story. The story,…

The post Sloppy Methodology: Social Media, Censorship and New York Post’s Hunter Biden Story appeared first on The AIM Network.

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Renew Economy Tuesday, October 20, 2020 - 10:44 Source

byd taxis in sydney harbourNexport plans to offer Australian made buses, trucks and passenger vehicles, after announcing a $700M investment in a NSW manufacturing facility.

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MacroBusiness Tuesday, October 20, 2020 - 10:40 Source

Via Vale today: Vale´s Production Report for the third quarter of 2020 (3Q20) was announced on Monday, October 19th. The company is evolving with its stabilization plan and delivered a strong iron ore production in 3Q20. Nickel and Copper businesses managed to recover productivity for a solid start in 4Q20, after normalizing routine maintenance in

The post Vale iron ore rips higher appeared first on MacroBusiness.

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Renew Economy Tuesday, October 20, 2020 - 10:24 Source

San Gorgonio Pass Wind Farm in Palm Springs, CaliforniaCalifornia municipalities issue first tender for long duration storage - from eight to 16 hours - to back up growing share of wind and solar.

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MacroBusiness Tuesday, October 20, 2020 - 10:20 Source

The Guardian Essential Poll has been released, which shows majority support for all major political leaders in the nation, including Premiers Daniel Andrews and Gladys Berejiklian, both of whom are embroiled in separate scandals: A majority of voters approve of the performances of Gladys Berejiklian and Daniel Andrews despite both premiers weathering bouts of intense

The post Essential poll shows power of incumbency appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 20, 2020 - 10:12 Source

Via ANZ: ANZ-Roy Morgan Aus Consumer Confidence: Building on momentum from the Budget, confidence gained for the 7th week in a row. Further easing of restrictions should support the index this week . #ausecon @DavidPlank12 @roymorganonline pic.twitter.com/ubwEm6mqpx — ANZ_Research (@ANZ_Research) October 19, 2020 But, it is still at GFC lows. Let’s recall last week’s unbelievable

The post Weak Roy Morgan/ANZ conumer confidence shades Westpac boom appeared first on MacroBusiness.

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Renew Economy Tuesday, October 20, 2020 - 10:06 Source

A big week for South Australia as solar delivers 100 per cent of its demand one day - the first time ever in any large grid - and wind does the same thing a few days later.

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Renew Economy Tuesday, October 20, 2020 - 10:06 Source

A big week for South Australia as solar delivers 100 per cent of its demand one day - the first time ever in any large grid - and wind does the same thing a few days later.

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MacroBusiness Tuesday, October 20, 2020 - 10:00 Source

APRA has published its early superannuation release data for the week ended 11 October, which revealed that only $199 million was withdrawn from Australia’s superannuation system, taking the total amount withdrawn early to $34.3 billion: According to APRA: Over the week to 11 October, 26,000 applications were received by funds of which 16,000 were initial

The post Early superannuation withdrawals slow some more appeared first on MacroBusiness.

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THE BLOT REPORT Tuesday, October 20, 2020 - 09:34 Source

Two years ago, former Liberal Member for
the New South Wales state seat of Wagga Wagga, Daryl Maguire, was targeted by the
New South Wales Independent Commission Against Corruption (ICAC) for allegations
he was using his public office for personal gain through commissions for Sydney
property projects. Since that time, it has been shown he was also involved in a
‘cash for visas’ scheme. The surveillance included recording his phone
conversations. Those phone conversations included some with the premier, Gladys
Berejiklian. She was called to give evidence by ICAC and did so on October 12. To

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MacroBusiness Tuesday, October 20, 2020 - 09:30 Source

The lack of any economic reports and any action of further stimulus measures from the US sent Wall Street and other risk markets lower overnight, as we head into the usually volatile late October period leading up to the US presidential election. Commodities were mixed with oil pulling back slightly while gold and Bitcoin both

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 20, 2020 - 09:20 Source

Iron ore prices for October 19, 2020: Spot firmed but will fall again today. I still see more downside than up in the very short term. That said, the restocking pulse is fine and price supportive with port inventories hitting 124.5mt last week. I expect we’ve got another 40mt to go so it is a

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

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MacroBusiness Tuesday, October 20, 2020 - 09:00 Source

From Karen Maley at the AFR today: …”To the extent that an easing of monetary policy helps people gets jobs, it will help private-sector balance sheets and lessen the number of problem loans. In doing so, it can reduce financial stability risks,” Lowe argued. …Other economists point out that a further drop in home loan

The post Why the RBA doesn’t care about the property bubble appeared first on MacroBusiness.

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Renew Economy Tuesday, October 20, 2020 - 06:51 Source

A brewing storm of major financial institutions divesting from Arctic and oil sand drilling signals a dark future for oil and gas, finds a new investigation from the Institute for Energy Economics and Financial Analysis (IEEFA). The investigation, published today, quantifies the scale of shifts among large investors. The World Bank, BPN Paribas, Goldman Sachs,...

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Renew Economy Tuesday, October 20, 2020 - 06:51 Source

A brewing storm of major financial institutions divesting from Arctic and oil sand drilling signals a dark future for oil and gas, finds a new investigation from the Institute for Energy Economics and Financial Analysis (IEEFA). The investigation, published today, quantifies the scale of shifts among large investors. The World Bank, BPN Paribas, Goldman Sachs,...

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MacroBusiness Tuesday, October 20, 2020 - 06:43 Source

DXY was down last night as CNY and EUR rallied: Even so, Australian dollar copped it ended at new closing lows for the move: Gold was stable: Oil too: Metals did a bit better: Miners did considerably worse: EM stocks are near the highs: Junk bifurcated: The US curve is still steepening: As stocks took

The post Australian dollar bashed as stimulus dream turns nightmare appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, October 20, 2020 - 03:20 Source

I am sure that I can rely on readers to add to the list of the multitude of sins for which, if he were a Catholic, he would be doing penance – if he only admitted that he had done wrong. Looking back over just the past year, there are far too many things for…

The post SCOTT MORRISON IS GUILTY! appeared first on The AIM Network.

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MacroBusiness Tuesday, October 20, 2020 - 00:20 Source

China dropped its Q3 data dump late yesterday so let’s take a look. Year to date GDP came in at 4.9%: The growth internals for September were 1.2% for industrial production YTD, fixed asset investment 0.8% YTD and retail sales -7.2% YTD but 3.3% YOY: Property sales were solid in Q3 but have lately tumbled:

The post Chinese recovery still hangs on stimulus appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 20, 2020 - 00:15 Source

The bulls are coming for Queensland property: QUEENSLAND is on the cusp of a property boom that could lead prices to skyrocket by more than 20 per cent in some areas and last for years to come. Fears of a real estate armageddon in the wake of the pandemic have been replaced with a surge

The post Buy Brisbane property appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 20, 2020 - 00:10 Source

As readers know, up until the beginning of this month I was a strong supporter of the Victorian Government’s hard lockdown, believing it was a necessary evil to get COVID-19 infection numbers down to manageable levels. I even penned a detailed article on 24 August entitled “Why Victoria should extend stage 4 restrictions”, which argued that

The post The facts on Australia’s COVID-19 infections appeared first on MacroBusiness.

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Renew Economy Tuesday, October 20, 2020 - 00:01 Source

UNSW spin-off announces that it will start taking orders for one of the world's first hydrogen based energy storage systems for homes and businesses.

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MacroBusiness Tuesday, October 20, 2020 - 00:01 Source

Global Macro / Markets / Investing: The Great Financial Reset: IMF Managing Director Calls for a ‘New Bretton Woods Moment’ – News Bitcoin The Pandemic Depression – Foreign Affairs The Next Frontier of Artificial Intelligence Predictability in Financial Markets – Street Insider Tesla and Netflix put their big 2020 gains on the line in the

The post Links 20 October 2020 appeared first on MacroBusiness.

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John Quiggin Monday, October 19, 2020 - 20:18 Source

That’s the headline for my latest piece in Inside Story, looking at the implications of zero interest rates for renewable energy sources like solar and wind. Key para

Once a solar module has been installed, a zero rate of interest means that the electricity it generates is virtually free. Spread over the lifetime of the module, the cost is around 2c/kWh (assuming $1/watt cost, 2000 operating hours per year and a twenty-five-year lifetime). That cost would be indexed to the rate of inflation, but would probably never exceed 3c/kWh.

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Club Troppo Monday, October 19, 2020 - 20:13 Source

Sweden is a rich, spacious country famous for IKEA, ABBA, dark cold winters, and its unique covid-policies. We escaped London for a few days to see for ourselves what the deal was with this Scandinavian country of 10 million. It is as rich and well-run as the statistics say it is: Stockholm is full of parks, sporty Swedes, spacious parks, shiny public transport, cyclists, and prams. Getting to talk to Swedes requires alcohol and patience, but once they do talk, you find their English is excellent.

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Your Democracy Monday, October 19, 2020 - 18:30 Source

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Rupert Murdoch, the owner of Fox News and an associate of President Donald Trump, has told people close to him that he thinks Democrat Joe Biden will easily win the election.

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Cheeseburger Gothic Monday, October 19, 2020 - 18:03 Source

Tip o’ the propellor beanie to Beeso who sent me this much appreciated link to a critical gush job over at Rolling Stone. The subject of all the gushing? Cinemax.

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MacroBusiness Monday, October 19, 2020 - 17:00 Source

As the trading week starts again, risk sentiment has finally found some support outside China, which had to absorb the latest declining GDP print. The USD is mixed against most of the majors with gold getting back above the $1900USD per ounce level as daily support very slowly builds: The Shanghai Composite however continues to

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, October 19, 2020 - 15:01 Source

CEC welcomes overall direction of new market rules, but warns the Cogati transmission access proposals are the "wrong reform at the wrong time.”

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John Quiggin Monday, October 19, 2020 - 14:39 Source

Back again with another Monday Message Board.

Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link

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Renew Economy Monday, October 19, 2020 - 14:30 Source

Texas and Australia have much in common. They have similar sized populations and economies and are hugely invested in resources extraction. But in Texas, renewables are winning.

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