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MacroBusiness Tuesday, October 16, 2018 - 00:01 Source

Global Macro / Markets / Investing: Uber’s secret weapon is its team of economists – Quartz Bitcoin must die – Slugger Dr. Doom Ignites A Bitcoin Firestorm – Forbes Oil could hit $200 ’or even double that figure’: Saudi threatens to retaliate against any sanctions over Khashoggi disappearance – Financial Post U.S. Stocks Have Been

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The Australian Independent Media Network Monday, October 15, 2018 - 21:33 Source

“With the Liberal Party, you know what you are going to get,”  says the unelected PM who replaced the elected PM causing the surprise by-election. He was speaking to the voters of Wentworth about the dangers of electing an independent. The Liberals are all over the dangers of the “wrong” result on Saturday. It could…

The post Stability, Promises The PM Who Was Elected Eight Weeks Ago… appeared first on The AIM Network.

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The Australian Independent Media Network Monday, October 15, 2018 - 20:39 Source

It takes a brave pundit to predict the outcome of the Wentworth bi-election just days before the votes are cast, but the actual outcome, either way, will be less interesting than the swing away from the government, the fallout from which, will be what determines its fate between now and next May. A loss in…

The post The Fallout from Wentworth appeared first on The AIM Network.

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The Australian Independent Media Network Monday, October 15, 2018 - 17:45 Source

By Stephen Fitzgerald Most of the problems we face, in Western society, are a result of the ravages of corporate greed. The Trans-Pacific Partnership (TPP) is another example of corporates expanding their power base to the detriment of the countries they overrun. In the news today, you will hear the distant rumblings of the true…

The post The predators behind the Trans-Pacific Partnership appeared first on The AIM Network.

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MacroBusiness Monday, October 15, 2018 - 17:15 Source

Despite the positive finish on Wall Street on Friday night, markets here in Asia are continuing to selloff as tensions mount in the Middle East with Saudi stock markets tanking on the weekend (about the only thing they get right is allowing trading on weekends!) plus a fallout from German and Italian political troubles. Safe

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, October 15, 2018 - 16:15 Source

“It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes” (President Andrew Jackson, Washington, July 10, 1832). They are three players, all problematic in their own way. They are the creatures of inconvenient chaos. Donald Trump was born into the role, a misfit of…

The post Agents of Chaos: Trump, the Federal Reserve and Andrew Jackson appeared first on The AIM Network.

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The Australian Independent Media Network Monday, October 15, 2018 - 15:43 Source

The sails of the Sydney Opera House were being used as a billboard for a horse race a few days ago. Regardless of the value of the horse race, or the ethics about using a UNESCO listed landmark for promotion of gambling, there is a problem about the way it was done. According to The Guardian,…

The post Sailing into irrelevance appeared first on The AIM Network.

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Renew Economy Monday, October 15, 2018 - 15:26 Source

Still well ahead on three-year performance, Australian CleanTech Index fell behind ASX200 in first quarter of FY2019 thanks to poor performance of Sustainable Minerals sub-index.

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Renew Economy Monday, October 15, 2018 - 15:17 Source

Coalswarm is an anti-coal NGO that is using satellite technology to keep track of coal generators across the world. We interview found and director Ted Nace, also the author of Gangs of America.

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MacroBusiness Monday, October 15, 2018 - 15:12 Source

I never thought I’d say this, but The ABC might actually do justice to the population debate after Four Corners’ recent heavily biased special (which featured a swathe of pro-‘Big Australia’ spruikers like Bernard Salt, Innes Willox, Liz Allen and Peter McDonald). Tonight, ABC 7.30 Report will air part-one of a three part special, which

The post Watch ABC 7.30 Report’s population special tonight appeared first on MacroBusiness.

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Renew Economy Monday, October 15, 2018 - 15:10 Source

Liesbeth and Edwin ter Velde are heading to Antarctica in a vehicle named Solar Voyager made from plastic waste and powered by the sun.

The post New Antarctic expedition runs on solar and plastic waste appeared first on RenewEconomy.

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Renew Economy Monday, October 15, 2018 - 14:59 Source

New report shows Great Britain share of generation from fossil fuels has fallen from 74 per cent in 2010 to 41 per cent in the latest quarter.

The post Great Britain hits record-low share of fossil fuel generation appeared first on RenewEconomy.

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Renew Economy Monday, October 15, 2018 - 14:55 Source

Tesla extends viewing opportunities for Model 3 ahead of official launch in Australia in 2019.

The post Tesla Model 3 tours east coast, brings plans for more Australian chargers appeared first on RenewEconomy.

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Renew Economy Monday, October 15, 2018 - 14:48 Source

Survey finds big property owners have given hardly any thought to how they would repurpose their assets in the event of an autonomous vehicle boom.

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Renew Economy Monday, October 15, 2018 - 14:40 Source

Tesla confirms near 20% jump in price of Powerwall 2 battery storage systems, but says more upgrades and improvements coming.

The post Powerwall 2 price hike to reflect “better value,” says Tesla appeared first on RenewEconomy.

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Renew Economy Monday, October 15, 2018 - 14:33 Source

Privately funded VPP project hopes to sign up 1000 homes and businesses in south-west WA to zero up-front cost deal for solar and battery storage.

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Renew Economy Monday, October 15, 2018 - 14:31 Source

Another big battery was been changing the way people think about the grid, proving that thermal generators are not required to provide inertia, and eliminating blackouts. Now, everyone wants one.

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MacroBusiness Monday, October 15, 2018 - 14:00 Source

By Leith van Onselen Labor’s infrastructure spokesman, Anthony Albanese, has repeated his call for a High Speed Rail (HSR) linking Melbourne and Sydney: Australia must start planning for a high-speed rail network along the east coast, says Labor’s infrastructure spokesman Anthony Albanese. Mr Albanese on Monday introduced a private bill to establish a high speed

The post Albo again demands high speed ponzi rail appeared first on MacroBusiness.

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MacroBusiness Monday, October 15, 2018 - 13:45 Source

No shit, Sherlock: Housing Risks Re-Emerge Wilting house prices have prompted 50% of Australian fixed-income investors to nominate a domestic housing market downturn as the top risk to Australian credit markets over the next 12 months. While regulations and tighter lending standards have played their part, external threats posed by trade wars also loom and

The post Fitch: Trade wars and regulation threaten Australia’s house prices appeared first on MacroBusiness.

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MacroBusiness Monday, October 15, 2018 - 13:42 Source

AUD is down modestly today as Saudi and German tensions weigh: Bonds are bid: As the ASX is pounded lower despite the big jump on Wall St and relatively calm futures: Dalian is flat: Big Iron is down: Big Gas is up: Big Gold is mixed: But the action is in banks and it is

The post ASX smashed again as banks begin pricing property bust appeared first on MacroBusiness.

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MacroBusiness Monday, October 15, 2018 - 13:30 Source

By Leith van Onselen After planning expert, Irene Duckett, last week labelled Hobart’s population boom a “runaway train” with health services and roads struggling to cope with the increasing demand, a new report into Australia’s road congestion from the Australian Automobile Association (AAA) has found Hobart is the fourth-most congested capital in Australia: RACT general manager

The post Hobart’s traffic congestion soars as population ponzi bites appeared first on MacroBusiness.

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MacroBusiness Monday, October 15, 2018 - 13:00 Source

Via Westpac: Though credit spreads in the US are off their lows, they have remained relatively impervious to the heightening global risks surrounding trade and geopolitics. This partly reflects the strength in the US economy which has continued to support corporate earnings. With credit spreads in the US and Australia tightly linked, our spreads have

The post How high will US interest rates get? appeared first on MacroBusiness.

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MacroBusiness Monday, October 15, 2018 - 12:30 Source

By Leith van Onselen New research from Roy Morgan shows that women have closed the gap considerably with men on superannuation over the last decade, both for ownership levels and average balances: In 2008 only 57.4% of females had superannuation, compared to males with 66.5%, a gap of 9.1% points. Currently the gap has reduced

The post Women are closing the superannuation gap appeared first on MacroBusiness.

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MacroBusiness Monday, October 15, 2018 - 12:15 Source

Does anyone recall that glorious period for Andrew Bolt when he pounded away at the “myths” of global warming armed with one chart, the infamous “pause”: Mr Bolt remains a denier today but his chart has disappeared. Why? Because ye auld pause was just that, a pause, with temperatures since rocketing higher and confirming the

The post Time Andrew Bolt rolled over on climate change appeared first on MacroBusiness.

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MacroBusiness Monday, October 15, 2018 - 12:00 Source

Via Martin North comes the end of the great Australian specufestor. Good riddance.

The post Specufestor’s doom appeared first on MacroBusiness.

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MacroBusiness Monday, October 15, 2018 - 11:45 Source

By Leith van Onselen The Australian Greens have responded to NSW Premier Gladys Berejiklian’s call for halving immigration with the following drivel: We truly are living in Bizarro World when the self-proclaimed defenders of the environment and social justice champion the very policy – mass immigration-driven population growth – that is most destructive to Australia’s natural

The post Incoherent Greens label Gladys Berejiklian racist appeared first on MacroBusiness.

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MacroBusiness Monday, October 15, 2018 - 11:30 Source

By Leith van Onselen Broad-based tax reform is back on the agenda with various groups pushing for reform. From The Canberra Times: The tax-free threshold would be scrapped, tax rates would increase for every $1000 of income earned, and savings would be targeted by the tax office under one of the most ambitious blueprints for

The post Groundhog Day as tax reform back on agenda appeared first on MacroBusiness.

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MacroBusiness Monday, October 15, 2018 - 11:15 Source

By Leith van Onselen A state government-backed loan scheme to help Victorian apartment owners fund the replacement of combustible cladding is due to take effect next month. Under these Cladding Rectification Agreements (CRA), commercial lenders will be required to assess the finances of owner in an apartment complex prior to advancing a loan that owners

The post Flammable cladding replacement loan scheme slammed appeared first on MacroBusiness.

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MacroBusiness Monday, October 15, 2018 - 11:00 Source

By Leith van Onselen On Friday, CoreLogic released research showing the high percentage of off-the-plan buyers where the value of their unit at the time of settlement is lower than the contract price: In Sydney, 30% of off-the-plan unit valuations were lower than the contract price at the time of settlement in September, double the percentage

The post Australia’s home equity disappearing as prices fall appeared first on MacroBusiness.

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xkcd.com Monday, October 15, 2018 - 11:00 Source

Don't forget to add another term for "probability that the Modified Bayes' Theorem is correct."

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