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Renew Economy Monday, October 19, 2020 - 14:15 Source

Sydney and Melbourne network companies push into community-level battery storage to boost rooftop PV uptake and defer grid upgrades. Are energy retailers getting nervous?

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MacroBusiness Monday, October 19, 2020 - 14:00 Source

As they should. At The Fake Left: The Labor frontbencher Andrew Leigh has written to more than 200 big companies, including Apple, McDonald’s and Microsoft, asking them to reveal whether they have received jobkeeper subsidies and used the money to pay shareholder dividends or executive bonuses. His move comes amid investor disquiet over what has

The post Labor goes after Profitkeeper thieves appeared first on MacroBusiness.

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Renew Economy Monday, October 19, 2020 - 13:45 Source

truegreen gemilang electric busTrueGreen and Nexport commit to building a $700 million plant to make electric vehicles - including cars, buses and trucks - at 51 hectare site in Southern Highlands.

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MacroBusiness Monday, October 19, 2020 - 13:40 Source

Investment in Australian residential property by foreign investors fell by 11% between the 2018 and 2019 financial years, according to figures from the Foreign Investment Review Board. The 11% fall occurred before the COVID-19 pandemic hit. The FIRB’s figures reflect a trend towards buying brand new properties over existing ones, along with a growing interest

The post Foreign investors abandon Aussie property market appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 13:20 Source

I’m not sure how we’re supposed to discuss our future when this happens. At Domain: Senator Andrew Bragg has denounced as “degrading and regrettable” calls for Chinese Australians to pledge their loyalty, adding to the controversy that embroiled his Liberal Party colleague Eric Abetz. Senator Abetz declined to apologise for remarks at a Senate inquiry

The post Questions over Chinese loyalties swamped by race baiting appeared first on MacroBusiness.

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Your Democracy Monday, October 19, 2020 - 13:07 Source

trumpppp

The New York Times has published its opinion: the Case Against Donald Trump

BY THE EDITORIAL BOARD — a group of opinion journalists whose views are informed by expertise,

research, debate and certain longstanding values. It is separate from the newsroom.

 

read more

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MacroBusiness Monday, October 19, 2020 - 13:00 Source

Back in 2016, Australian economics titan, Tim Toohey, forecast a new Australian boom: Goldman Sachs has upgraded its Australian dollar and economic growth forecasts. “As we look out to 2017 and beyond, we believe Australia has moved through an important transition point and with it has emerged the prospect of stronger and less volatile real

The post RBA has indeed joined the global currency war and thank god for it appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 12:40 Source

In the wake of NSW’s latest ICAC hearings and the $30 million the federal government paid for land worth $3 million near Sydney’s new airport, the New Daily’s Michael Pascoe has called for a 75% betterment tax to ensure the Australian public, not property barons, receive the lion’s share of benefits from property rezoning decisions:

The post Property developers and politicians the ultimate Game of Mates appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 12:20 Source

Deloitte chief economist, Chris Richardson, has long been a vocal proponent of mass immigration and previously called for Australia to lift its already turbo-charged immigration levels. So, it’s not surprising that Deloitte is the latest economic outfit to sound the alarm over Australia’s lower population projections in response to the COVID-19 pandemic: When borders open

The post Deloitte pushes population panic button appeared first on MacroBusiness.

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Club Troppo Monday, October 19, 2020 - 12:07 Source


Yuan Yuan (YY) Liu.  Doing her bit for a better world

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MacroBusiness Monday, October 19, 2020 - 12:00 Source

Lordy, I’m getting whiplash. Recall Shadow Trade Minister Madeleine King, previously a China apologist: Opposition trade spokeswoman Madeleine King has targeted high-profile Liberal MP Andrew Hastie, labelling him a political ideologue who is hijacking the debate about Australia’s relationship with China. But Mr Hastie responded saying she was muddled and asleep at the wheel when

The post Shadow Minister for flip-flopping demands new China kowtow appeared first on MacroBusiness.

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Renew Economy Monday, October 19, 2020 - 11:43 Source

Public schools and hospitals could be the key to boosting Queensland's rooftop solar industry, slashing cost and emissions and delivering hundreds of jobs.

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MacroBusiness Monday, October 19, 2020 - 11:40 Source

Gas cartel apologist, Energy Quest, is doing the dirty work as usual, at The Australian: …Transporting gas from the three Queensland LNG export plants at Gladstone down to Melbourne would be cheaper by LNG tanker than pipeline, according to EnergyQuest, although liquefaction costs need to be taken into consideration. It estimates a cost of 54c

The post Gas cartel readies to gouge imports of our own gas appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 11:35 Source

Via the FT: Europe’s economy is sliding towards a double-dip recession, with economists warning that rising coronavirus infections and fresh government restrictions on people’s movement are likely to cut short the region’s recent recovery. Germany, France, the UK, Italy, Spain and the Netherlands have all announced measures in the past week to contain the second

The post Beware Australian dollar as Europe enters second virus shock appeared first on MacroBusiness.

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Renew Economy Monday, October 19, 2020 - 11:22 Source

Nexif finally moves to second stage of Lincoln Gap wind and battery project in South Australia after changing turbine suppliers and fine-tuning regulatory approvals.

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MacroBusiness Monday, October 19, 2020 - 11:20 Source

Victoria’s Chief Health Officer (CHO) Professor Brett Sutton told the Hotel Quarantine Inquiry that he did not know that private security firms were guarding the hotels until he became aware of the COVID-19 outbreak at the Rydges on Swanston in May. He also warned in June that private security guards were the “wrong cohort” in

The post Will Sutton be next to fall on hotel quarantine sword? appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 11:00 Source

It was a good time not long time. Via ABC: Christine Liu has always resisted asking her parents for money, but when the coronavirus pandemic hit, she didn’t have a choice. “I felt guilty … even though I can hardly make ends meet, I didn’t want to ask,” Ms Liu said. “I think the impact

The post Decoupling accelerates as daigou collapses appeared first on MacroBusiness.

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xkcd.com Monday, October 19, 2020 - 11:00 Source

I'm proud to announce that as of this year I've become a world-class expert at chewing.

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MacroBusiness Monday, October 19, 2020 - 10:40 Source

It’s a shame people have to learn the hard way but there it is. Via Domain: What’s to become of us, Melbourne, this once-humming city so open to the world, now stalled and shuttered? …We’d opened ourselves to the world, embraced globalisation and remade ourselves as a smarty-arty economy based on knowledge and services. We’d

The post It will take twenty years to restore Marvellous Melbourne appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 10:20 Source

As expected, Jacinda Ardern’s Labour Party scored a stomping election victory over the weekend and is poised to govern outright holding a majority of 64 seats in the 120-seat parliament – a feat rarely achieved under the nation’s proportional voting system. Labour was expected to win, but not by this much. Even Jacinda Ardern was

The post Jacinda Ardern scores stomping win. Now she must deliver appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 10:00 Source

Last week I offered a few suggestions to Australia’s league of failing economists in the hope that some might escape the mediocrity of debate that is holding the nation back. Paramount was that they should avoid the Australian Financial Review because, frankly, it has no idea what it is talking about when it comes to

The post The AFR is completely lost on macroeconomics appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 09:40 Source

I noticed something quite interesting on Friday when I was looking into the latest declaration of war on Australia by China, in cotton. Notice that over the past two years there has been an extraordinary boom in exports of foodstuffs to China. It is not clear why this is the case: it predated the FTA

The post China’s great pump and dump of Aussie farmers appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 09:30 Source

Wall Street finished Friday night with a fizzer, despite a very strong US retail sales print with European markets putting in a better result. Industrial production for September disappointed however, sending all the industrial metals down and bond yields rose slightly higher. A mixed finish to the trading week with the lack of firm upside

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 09:20 Source

Iron ore prices for October 16, 2020: Chinese empty apartment sales have turned. Let’s see where they go from here: In other news: China-backed consortium SMB-Winning aims to bring blocks 1 and 2 of Guinea’s massive Simandou iron ore deposit into production by 2025, Chairman Fadi Wazni said on Friday. The consortium – which includes

The post Daily iron ore price update (Pilbara funeral 2025) appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 09:00 Source

These days the media has largely caught up with MB’s disgust at the state of our corrupt politics. More and more I see stories outlining the collapse of accountability. To begin with, the Westminster system of government never had a lot of accountability embedded in law. Accountability was more the tradition than the rule, a

The post NSW bows to Virgin Premier, VIC to Chairman Dan appeared first on MacroBusiness.

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The Tally Room Monday, October 19, 2020 - 07:32 Source

Ben was joined by Jill Sheppard from the ANU to talk about the ACT election results, and to briefly touch on the New Zealand results.

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MacroBusiness Monday, October 19, 2020 - 00:10 Source

That is the question confronting every Fake Green today. The godfather of Australian environmentalism, the man who got arrested, who blockaded Franklyn Dam, who ploughed through the slings and arrows of fossil-fuel rent-seekers, who gave environmentalism power, who is gay, who is left, who is a living legend of global green politics, is now being

The post If Bob Brown fell in a wood, but no Green saw it, did it happen? appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 00:05 Source

Wolf wankery has set a new low bar in Canada, via The Star: Beijing’s envoy explicitly warned Ottawa not to offer political asylum to Hong Kong dissidents at risk of emboldening “violent criminals” and endangering the safety of Canadian citizens and business people in Hong Kong. “So, if the Canadian side really cares about the

The post Australians should leave HK as China takes 300k Canadians hostage appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 00:04 Source

CoreLogic’s preliminary auction clearance rate firmed, with 72.4% of reported auctions cleared versus 71.5% last weekend: Sydney’s preliminary clearance rate rose was strong with 75.9% of reported auctions cleared versus 73.1% last weekend. Melbourne’s preliminary auction clearance rate also firmed to 65.0% versus 59.6% last weekend. According to CoreLogic: There were 1,134 homes taken to

The post Auction market gathers more steam appeared first on MacroBusiness.

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MacroBusiness Monday, October 19, 2020 - 00:01 Source

Global Macro / Markets / Investing: Tesla and Netflix put their big 2020 gains on the line in the coming week – MarketWatch How Bernie Madoff’s Idea Makes Robinhood Millions – Medium The Great Coronavirus Divide: Wall Street Profits Surge as Poverty Rises – New Yorker Solar is now ‘cheapest electricity in history’, confirms IEA

The post Links 19 October 2020 appeared first on MacroBusiness.

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