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MacroBusiness Tuesday, August 20, 2019 - 10:15 Source

Fifteen years of rapid population growth has unambiguously driven a massive infrastructure deficit across Australia’s cities, which Infrastructure Australia itself has regularly admitted is impossible to bridge. For example, the 2013 National Infrastructure Plan produced by Infrastructure Australia concluded that “we still face a significant infrastructure deficit, estimated at around A$300 billion”. Infrastructure Australia’s 2018

The post Crispin Hull demolishes ‘Big Australia’ charlatans appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 20, 2019 - 10:00 Source

Yesterday we saw Westpac’s credit quality on the slide: Banking Day has more: Westpac is now starting to count the cost of its aggressive pitch for mortgage volumes at the peak of the housing market in 2016. According to the bank’s latest trading update published on Monday, credit quality across most of the group’s lending

The post Westpac pays price for late cycle mortgage frenzy appeared first on MacroBusiness.

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Renew Economy Tuesday, August 20, 2019 - 09:56 Source

sapphire wind farm pic canberraMolycop Australia inks solar and wind PPA with Flow Power, to cover more than half its NSW electricity needs and tap into the demand response market.

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Renew Economy Tuesday, August 20, 2019 - 09:56 Source

sapphire wind farm pic canberraMolycop Australia inks solar and wind PPA with Flow Power, to cover more than half its NSW electricity needs and tap into the demand response market.

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MacroBusiness Tuesday, August 20, 2019 - 09:45 Source

Via the ABC: Authorities are investigating after fake Chinese police cars were spotted in Adelaide and Perth amid pro-Hong Kong demonstrations across Australia, but the owner of one of the cars has told police it was a “joke”. In South Australia photos have surfaced of a car — bearing Chinese characters — parked at various

The post CPC psy-ops terrorise Hong Kong in Australia appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 20, 2019 - 09:30 Source

Here we go again. Prime Minister Scott Morrison has called for left-leaning activist group, GetUp, to be registered as a political party: Prime Minister Scott Morrison has hinted at launching a fresh bid for an inquiry into GetUp’s political independence, calling for the group to be “straight up” with voters. Members of the coalition have long

The post Should the Property Council be registered as a political party? appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 20, 2019 - 09:15 Source

“Tiny” Tim Wilson is back today with more wage smashing crusade, at the always enthusiastic AFR: Australia should never give up on creating an industrial relations system that boosts wages and jobs. …If the IR system promotes pragmatism, collaboration and fairness we all win. If it promotes legal disputes, conflict and inequality we all lose.

The post Tiny Tim’s wage smashing crusade turns preposterous appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 20, 2019 - 09:00 Source

Texture from Reuters: Iron ore pulled back during afternoon trade amid market talk that China’s top steelmaking city of Tangshan has ordered deeper production cuts over a four-day period – Aug. 18-Aug. 21 – to curb pollution. Reuters could not immediately verify this. Expectations that iron ore supply will further improve also weighed on prices.

The post Daily iron ore price update (palliative care) appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 20, 2019 - 09:00 Source

By Chris Becker  The bounce is on with no bad news equating to stronger risk sentiment overnight, helped along by comments that US/China trade talks are “progressing” (alongside the Greenland purchase!) Talk in Germany about more stimulus also helped continental stocks but not the Euro which slumped to a new low, while the Australian dollar

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 20, 2019 - 07:33 Source

DXY is breaking out. EUR and CNY both fell: The Australian dollar was smacked versus DMs: EMs were worse: Gold was hit: Oil lifted though: And metals were mixed: Plus big miners: EM stocks gained: And junk: All bonds were sold: Stocks took off: Westpac has the wrap: Event Wrap FOMC member Rosengren (who dissented against the rate cut

The post Australian dollar smacked as commodity crisis builds appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, August 20, 2019 - 06:00 Source

Perhaps the most controversial Prime Minister we have ever had. I first became interested in Whitlam after he defeated Jim Cairns in a leadership battle by one vote. My first sighting of him was at a rally in the Melbourne suburb of Greensborough during the 1972 election. He stood tall in the back of a…

The post Great Australian political policy stuff-ups (part 3): Whitlam – how does history judge him? appeared first on The AIM Network.

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MacroBusiness Tuesday, August 20, 2019 - 00:15 Source

Via Domain: Job insecurity is no longer confined to low-skilled workers, but is emerging in highly skilled professions including law and computer programming, a leading US employment expert has warned. David Weil from the Heller School for Social Policy and Management at Brandeis University in Boston and a visiting professor at the University of Sydney

The post Wage theft coming to a profession near you appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 20, 2019 - 00:10 Source

Via CoreLogic, the leading mortgage index roars on: New listings are now rising but total is falling as demand outpaces supply: Needless to say, this is a recipe for price gains. If this runs through H2 without any external shock and more rate cuts then I’ll be upgrading price forecasts for next year. Full report.

The post CoreLogic leading mortgage index roars on appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 20, 2019 - 00:05 Source

Via Grattan: Today’s young Australians are in danger of being the first generation in memory to have lower living standards than their parents’ generation. Older Australians today spend more and have higher incomes and greater wealth than older Australians three decades ago. But living standards have improved far less for younger Australians. The wealth of households

The post Grattan: War on youth intensifying appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 20, 2019 - 00:03 Source

Thursday’s overseas arrivals and departures figures from the Australian Bureau of Statistic (ABS) reported that international student arrivals hit a record high 612,000 in the year to June 2019: As shown above, the number of international student arrivals has increased by more than two-thirds (246,900) over the past five years. Other official data shows an

The post International student bubble enters blow-off phase appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 20, 2019 - 00:02 Source

Via Business Insider: Ryan Mitchell, age 35, completely underestimated the positive impact moving into a tiny house would have on his life. Mitchell, who runs the blog The Tiny Life and is based in North Carolina, told Business Insider he began building his 150 square-foot tiny house seven years ago. While he spent $US30,000 on building costs (including solar panels) over

The post Tiny house leads to Gen Y riches appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 20, 2019 - 00:01 Source

Global Macro / Markets / Investing: Saudi Arabia’s Newest Strategy To Send Oil Prices Higher – Oil Price Gold Can Go Beyond 40 Thousand By Diwali – Yuv News Bitcoin Beats Every Top 10 Share with the Highest ROI – Be In Crypto “Enough is enough”: Apple files lawsuit against Corellium for copyright infringement –

The post Links 20 August 2019 appeared first on MacroBusiness.

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Your Democracy Monday, August 19, 2019 - 21:24 Source

dung pushers

Not a real beetle in this picture... The dung beetle pushes the shit with its hind legs, face down, rolling backwards...

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Your Democracy Monday, August 19, 2019 - 20:36 Source

american eagle...

Trump Endangers the Endangered Species Act and the Clean Water Act

August 16, 2019

The protection of threatened species will now be weighed against the economic benefit their extinction might mean. Meanwhile, states would no longer be able to review the impact of projects on water quality, in accordance with the decades-old the Clean Water Act

 

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The Australian Independent Media Network Monday, August 19, 2019 - 19:31 Source

Lately Scott Morrison has started praising the “quiet Australians” as being those for whom he is governing. Obviously if you say anything you’re not one of those quiet ones and can therefore be ignored. Apparently, the quiet Australians have lost faith in the public service. How Scottie knows this is anybody’s guess because the quiet…

The post The Public Service Needs To Be More Accountable… Like Politicians Are! appeared first on The AIM Network.

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MacroBusiness Monday, August 19, 2019 - 16:30 Source

The bounce is on as equity markets in Asia catch up to the relief rally from Wall Street on Friday night, with the bond market selling off slightly, temporarily staving off concerns over yield curve inversions. This all seems to be on a flimsy promise of more talks between China and the US on trade,

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, August 19, 2019 - 16:15 Source

Britain’s Boris Johnson is driving his country to the cliff face, along the way mouthing and spouting all manner of populist reassurances. Still fresh in the job, he declared that UK preparations for a no-deal Brexit on October 31, when Britain would leave the European Union, would receive a boost – a “turbocharge”, no less.…

The post No Deal Chaos: The Brexit Cliff Face and Operation Yellowhammer appeared first on The AIM Network.

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Renew Economy Monday, August 19, 2019 - 15:43 Source

CECENERGY NEXT 2020 to be held from the 14-15 July 2020 at Sydney’s International Convention Centre.

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Renew Economy Monday, August 19, 2019 - 15:06 Source

NASA data reveals global toxic air pollution hotspots over Victoria’s Latrobe Valley and Lake Macquarie and the Hunter Valley in NSW – homes to Australia's old coal plants.

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Renew Economy Monday, August 19, 2019 - 14:56 Source

AEMO's plan to layout a pathway to largely decarbonise the Australian grid by 2050 is hugely significant.

The post Finally, Australia is about to have a plan to de-carbonise the grid appeared first on RenewEconomy.

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Renew Economy Monday, August 19, 2019 - 14:52 Source

Hearing the New South Wales government rush through two import gas terminals approvals is like revisiting the fantasy world of Mary Poppins.

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Renew Economy Monday, August 19, 2019 - 14:50 Source

Here are seven ways the Victorian government (and opposition) can supercharge the community response.

The post Seven ways to supercharge community action on climate appeared first on RenewEconomy.

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Renew Economy Monday, August 19, 2019 - 13:34 Source

VCAT upholds local council decision that 200MW Bookaar Solar farm should not go ahead in south-west Victoria, due to "deficiencies" of planning application.

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MacroBusiness Monday, August 19, 2019 - 13:00 Source

Via BlackRock: Unprecedented policies will be needed to respond to the next economic downturn. Monetary policy is almost exhausted as global interest rates plunge towards zero or below. Fiscal policy on its own will struggle to provide major stimulus in a timely fashion given high debt levels and the typical lags with implementation. Without a

The post How to do helicopter money appeared first on MacroBusiness.

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MacroBusiness Monday, August 19, 2019 - 12:45 Source

Via HeraldSun: Energy stressed Victorians are turning off heaters or going without food to cope with winter bill blowouts. Welfare agencies expect a big spike in financial help requests from this month as mammoth costs flow through. Vinnies spokesman Gavin Dufty said the shock of heating bills left some on low incomes choosing between keeping

The post Poor Victorians give up eating to pay gas cartel appeared first on MacroBusiness.

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