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Renew Economy Tuesday, January 19, 2021 - 07:29 Source

The oil and gas industry has a massive methane problem, and it's going to get worse as COVID19 ramps up demand for fossil fuels.

The post Ticking fossil industry methane bomb must be defused: IEA appeared first on RenewEconomy.

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Your Democracy Tuesday, January 19, 2021 - 04:52 Source

ike

My fellow Americans: 

Three days from now, after half a century in the service of our country, I shall lay down the responsibilities of office as, in traditional and solemn ceremony, the authority of the Presidency is vested in my successor. 

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

Via Gottiboff: First, Australia needs to recognise that it is not all China’s fault. In past years we have behaved badly and contributed to the current situation. At the same time China is now a different country and is ruled by a strongarmed dictator plus the Communist Party. Not surprisingly “The Art of War” offers

The post Gotti advises Xi on how to occupy Australia appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 19, 2021 - 00:08 Source

Domain’s December quarter Rental Report has been released, which reveals that apartment (unit) rents have fallen off a cliff across Sydney and Melbourne, driven by collapsing demand from international students and migrants alongside ballooning supply: In Sydney, apartment rents have plummeted to 2013 levels whereas they have fallen to 2016 levels in Melbourne: Sydney Unit

The post Apartment rents dive off a cliff appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 19, 2021 - 00:01 Source

Global Macro / Markets / Investing: The Surprising Data Behind Why CEOs With Less Experience Outperform Those With More – Forbes No one knows what anything is worth – Tech Crunch Stock markets aren’t scared of the Democrats’ Washington sweep – LA Times Woman details ‘internship from hell’ with Goldman Sachs – Daily Mail Cash

The post Links 19 January 2021 appeared first on MacroBusiness.

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John Quiggin Monday, January 18, 2021 - 19:51 Source

Amateur political analysis ahead. What are the chances for bipartisanship under Biden. Roughly speaking, that means whose votes would he need to get to 60 in the Senate, requiring 10 Republicans

Repubs who have voted with Trump less than 75 per cent of the timeCollinsPaulMurkowskiLeeRomneyOf these, Paul and Lee have dissented mostly from the right

Next 5MoranYoungDainsScottSasseScott voted to overturn the election

Next 5Toomey, Graham, Johnson, Hawley (!), LankfordNeed I say more

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Your Democracy Monday, January 18, 2021 - 19:39 Source

confetti...

The public will not see Donald Trump’s White House records for years, but there is growing concern the collection will never be complete – leaving a hole in the history of one of America’s most tumultuous presidencies.

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Cheeseburger Gothic Monday, January 18, 2021 - 18:56 Source

Not much, actually.

I didn’t go near the keyboard between Christmas and the end of the first week of January. I’ve been back since then trying to finish the next book in the Cruel Stars series.

I’m enjoying the work, and it’s flowing well, but I feel a bit like I’m swirling in the Second Book shallows. I’m starting to understand these as I get older. The first book in a series is always great fun because it’s an origin story. The last book is great fun because everyone gets what they deserve.

But that difficult middle title? That’s always difficult.

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The Australian Independent Media Network Monday, January 18, 2021 - 18:44 Source

The Liberal Party have a very handy page that lists their achievements over the last 7 years, 4 months and 11 days (not that I’m counting). Here are a few they neglected to mention: The highest debt and deficit in history. The first recession in thirty years. The lowest wage growth in history despite company…

The post Seven years later… appeared first on The AIM Network.

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MacroBusiness Monday, January 18, 2021 - 17:00 Source

Asian share markets remain unsettled after Friday’s fizzer on Wall Street, as the upcoming Biden presidential inaguration later this week is possibly hindering risk taking. Gold and silver had wide trading ranges to start the week while Bitcoin has been falling sharply later this afternoon after it failed to breach the $40,000 level late last

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, January 18, 2021 - 16:00 Source

The decision to go ahead with the Australian Open, the first of the grand slams of the tennis calendar, was always going to be fraught with problems. Players journeying from designated “hot spots” of novel coronavirus outbreaks; large entourages of individuals taking up places on chartered flights even as Australians struggle to get seats to…

The post Reading the COVID Fine Print: The Undoing of the Australian Open appeared first on The AIM Network.

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Renew Economy Monday, January 18, 2021 - 15:20 Source

clive palmer political donations fossil fuels - optimisedAustralia's mining and gas companies named as by far the largest backers of Australia's political parties, buying "deeply problematic" influence, new analysis shows.

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Renew Economy Monday, January 18, 2021 - 15:09 Source

Energy Estate to develop “campus-scale” renewable hydrogen plant at Hills International College – a Queensland school specialising in vocational training and golf instruction.

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MacroBusiness Monday, January 18, 2021 - 14:40 Source

New provisional data from the ABS shows that 17,800 Aussie returned home in December, the highest figure since coronavirus travel restrictions were implemented in April 2020: The number of overseas arrivals into Australia increased by 18 per cent in December 2020, reaching 35,100 people, according to provisional data released today by the Australian Bureau of

The post 17,800 Aussies returned home in December appeared first on MacroBusiness.

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MacroBusiness Monday, January 18, 2021 - 14:20 Source

As the global coronavirus pandemic rolled into town, Foxtel was facing a precarious future. With sporting events across the globe put into hiatus, Foxtel – which has traditionally been heavily reliant on live sports to drive subscription growth – suffered a surge in cancellation requests. The pain was hardest felt by Foxtel’s Kayo Sports streaming

The post Foxtel rises from the dead appeared first on MacroBusiness.

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Renew Economy Monday, January 18, 2021 - 14:15 Source

University of Western Australia researchers deploy second monitoring device off Albany coast, a r

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MacroBusiness Monday, January 18, 2021 - 14:00 Source

Via Deloitte: 18 January 2020:  We assume that:   (1) Australia succeeds in keeping virus numbers mostly suppressed, state borders remain mostly open, and that domestic restrictions gradually ease as vaccines roll out (2) Vaccines begin to be available from February, and achieve the equivalent of herd immunity by late 2021 (3) International borders re-open

The post Deloitte: Wages growth dead appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, January 18, 2021 - 13:57 Source

By Dr Stewart Hase   Let me state from the beginning that I am not opposed to human rights. I’m a member of Amnesty. I will never complain or even raise an eyebrow to someone’s right to order a quarter strength, half almond and goat’s milk, three quarter decaf, latte in a compostable cup while half…

The post ME-ISM: The cult of the Individual appeared first on The AIM Network.

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Renew Economy Monday, January 18, 2021 - 13:56 Source

Trina Solar Co., Ltd.

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Renew Economy Monday, January 18, 2021 - 13:54 Source

OSMI Australia submits final project design for proposed Delburn wind farm, seeking approval to build up to 33 turbines in Victoria's Latrobe Valley.

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MacroBusiness Monday, January 18, 2021 - 13:40 Source

The federal government is considering a range of options regarding superannuation ahead of the Budget in May. The super guarantee (SG) is slated to rise to 10% on 1 July, and the government is said to be looking at leaving at this level. Other options that are under consideration include allowing workers to choose between

The post Superannuation guarantee to rise to 10% appeared first on MacroBusiness.

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Renew Economy Monday, January 18, 2021 - 13:23 Source

With a better picture of the climate-engaged Biden administration, the question for Australia is how the US changes will affect domestic climate politics.

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MacroBusiness Monday, January 18, 2021 - 13:20 Source

By Gareth Aird, head of Australian economics at CBA: Key Points: With weak wages growth set to persist and some further appreciation of the Australian dollar expected, the outlook points to low inflation continuing over 2021. But our expectations for a strong consumer-led economic recovery means some demand-pull inflation is likely and the risk of

The post CBA: The case for and against higher consumer inflation in 2021 appeared first on MacroBusiness.

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MacroBusiness Monday, January 18, 2021 - 13:00 Source

Economist Dr Cameron Murray has backed the government’s view that the JobKeeper wage subsidy scheme does not need to be extended again. Murray argues that relatively few industries still need government support, and he believes that increasing the JobSeeker payment would be a better option as the financial support would go to people who need

The post Let JobKeeper die appeared first on MacroBusiness.

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MacroBusiness Monday, January 18, 2021 - 12:40 Source

Pressure is building on the Morrison Government to rescue tens-of-thousands of Australians stranded abroad and unable to come home due to strict quarantine caps and limited (as well as costly) flight availability. The situation worsened after Emirates suspended all flights from Dubai to Sydney, Melbourne and Brisbane owing to National Cabinet’s decision to reduce hotel

The post Morrison Government has failed stranded Australians appeared first on MacroBusiness.

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Renew Economy Monday, January 18, 2021 - 12:37 Source

Steel River Eco Estate (supplied).The Steel River Eco Estate, in the heart of the New South Wales Hunter Region, has unveiled plans to hos

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MacroBusiness Monday, January 18, 2021 - 12:20 Source

Via The Australian: A union-commissioned poll showing the ALP faces the loss of two seats in its political heartland at the next election has prompted a senior CFMEU official to call on Labor to dump Anthony Albanese as party leader. With speculation increasing that an election could be held in the second half of the

The post Unions mull Plibersek deck chair on Titanic appeared first on MacroBusiness.

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MacroBusiness Monday, January 18, 2021 - 12:00 Source

God help me, I agree with Innes Willox for once: A leader of a powerful business group has called for a better alignment of the nat­ion’s economic and strategic interests, urging Australian companies to resist bullying from China and for diplomats to get “their hands dirty’’ by helping to find alternative export markets. Australian Industry

The post India rises for Australia appeared first on MacroBusiness.

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MacroBusiness Monday, January 18, 2021 - 11:40 Source

I missed this last week but it is important. New yuan loans in December were reported by the PBOC and came in quite soft with headline aggregate financing at 1.76tr yuan as banks made up 1.26tr of that: Non-bank lending is retracing sharply: Year on year lending fell 18% and the 3MMA has rolled: As

The post China hits the credit brakes appeared first on MacroBusiness.

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MacroBusiness Monday, January 18, 2021 - 11:20 Source

According to The AFR, “borrowing for housing construction is 75 per cent higher than July, after the federal government introduced the HomeBuilder grants in response to COVID-19 and other home building grants offered by state governments”: Finance approvals for housing construction reached new highs, which Goldman Sachs economist Andrew Boak said “bodes well for the

The post HomeBuilder drives massive boom in construction appeared first on MacroBusiness.

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