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MacroBusiness Friday, December 8, 2017 - 17:00 Source

by Chris Becker So we end the week on a more positive note in Asia today, as risk gets less cautious going into the NFP print later tonight in the ‘States, and gains some confidence on more positive news from the Brexit talks. The Yen sold off, helping domestic Japanese stocks, as did a lower

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, December 8, 2017 - 15:04 Source

2017 has been a year of records for Australian solar power, and the year's not even finished yet. Here are 10 of the highlights so far...

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Renew Economy Friday, December 8, 2017 - 14:46 Source

New research shows a sharp, and rising, difference in the value of property likely to be affected by climate change impacts such as rising sea levels.

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MacroBusiness Friday, December 8, 2017 - 14:37 Source

China trade data for November out with exports up 10.3% and imports 15.6%. The surplus was a very healthy $39.7bn: Steel exports rebounded a little to be down -30% year on year: And iron ore exports rebounded from what was a statistical quirk in October I suspect, roaring along at 94.8mt, if looking a bit

The post China trade still solid appeared first on MacroBusiness.

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Renew Economy Friday, December 8, 2017 - 14:35 Source

UNSW energy researcher says bad policy design means industry incumbents can use large-scale solar and wind tenders to get their costs down, without necessarily passing on savings to consumers.

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Renew Economy Friday, December 8, 2017 - 14:35 Source

UNSW energy researcher says lack of transparency and competition on the NEM getting worse under current renewables policy, and could get worse again under the proposed National Energy Guarantee.

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Your Democracy Friday, December 8, 2017 - 14:31 Source

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US President Donald Trump publicly congratulated his Defense Secretary James Mattis for “knocking the hell” out of Daesh - but, Trump added, only because Trump “made it possible with what” he let Mattis do.

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MacroBusiness Friday, December 8, 2017 - 14:30 Source

Go Bloxo: After a lacklustre 2017 for the local currency, a looming shift in global monetary policy is likely to support gains for the Aussie dollar, HSBC chief economist Australia and New Zealand Paul Bloxham said. “Looking into 2018, we see the Australia dollar climbing, as we expect it to get support from a lift

The post Bloxo: Australian dollar powering towards 90 cents appeared first on MacroBusiness.

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Inside Story Friday, December 8, 2017 - 14:23 Source

On Thursday 27 July this year — the day Australia’s citizenship crisis reached its first government target, Senator Matt Canavan —  Greens leader Richard Di Natale revealed that he had written to the president of the Senate and the speaker of the House asking them to audit the eligibility of every federal MP.

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MacroBusiness Friday, December 8, 2017 - 13:50 Source

By Leith van Onselen More than two years after the 7-Eleven migrant worker scandal first broke, and 21 months after the Senate Education and Employment References Committee released its scathing report entitled A National Disgrace: The Exploitation of Temporary Work Visa Holders, the final report of the parliamentary inquiry into modern slavery has released its

The post Parliamentary inquiry demands action on migrant slavery appeared first on MacroBusiness.

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Prosper Australia Friday, December 8, 2017 - 13:41 Source

The Productivity Commission’s recent five year review, “Shifting the Dial”, brings the welcome recommendation of a shift from stamp duties to a broad-based land tax. Stamp duty is a dud tax from the economist’s point of view; it doesn’t achieve an obvious redistribution goal and is a disincentive to downsizers. Land value taxes by contrast, […]

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Renew Economy Friday, December 8, 2017 - 13:29 Source

Why rooftop solar could be one of the grid's greatest assets but also one of its greatest threats if not properly managed. Here's what AEMO thinks needs to be done.

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Renew Economy Friday, December 8, 2017 - 13:23 Source

Will the interruption of match in New Delhi between India and Sri Lanka by toxic smog finally spur the Indian Government to take coal plant pollution seriously?

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Renew Economy Friday, December 8, 2017 - 13:23 Source

Will the interruption of a New Delhi cricket match by toxic smog finally spur the Indian government to take coal pollution seriously?

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MacroBusiness Friday, December 8, 2017 - 13:20 Source

By Leith van Onselen Today’s housing finance data for October posted another 1.5% fall in the number of new home finance commitments (both construction and new), although commitments were still up by 12.1% over the year: Looking at the state-by-state breakdown, which is presented below on a rolling annual basis since it is not seasonally

The post New home finance down again in October appeared first on MacroBusiness.

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MacroBusiness Friday, December 8, 2017 - 12:50 Source

From Goldman: We estimate that nonfarm payrolls increased 225k in November, above consensus of +195k. In addition to a firm pace of underlying job growth, our forecast reflects some additional normalization in hurricane-affected regions, as well as above-trend retail job growth associated with the early Thanksgiving. The arrival of over 200k Puerto Ricans in Florida may

The post US jobs report preview appeared first on MacroBusiness.

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John Quiggin Friday, December 8, 2017 - 12:50 Source

I’ve just been invited to make a submission to a Senate inquiry into TAFE in South Australia. From what I can glean, this is a politically motivated exercise by the Turnbull government to make capital out of some embarrassing failures in a Labor state. But it gives me the incentive to write something about the catastrophic failure of vocational education and training in Australia, a failure for which there is plenty of blame to go around.

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The Australian Independent Media Network Friday, December 8, 2017 - 12:40 Source

In 1989, Prime Minister Bob Hawke described a “growing consensus amongst scientists” showing there was a strong chance that major climate change was on its way, that this change was linked to human activity, and this could have “major ramifications for human survival” if nothing was done. The next year, Hawke announced his government wanted…

The post If we are to save the planet we need our journalism to get better appeared first on The AIM Network.

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The Australian Independent Media Network Friday, December 8, 2017 - 12:30 Source

“Utopia” … series one “Protected Species” … Hugh: “It’s the environmental report”. Nat: “Is it good news?” Hugh: “No.” Nat: “You’re smiling”. Hugh: “I shouldn’t be.” Funny? … yeah … it catches you out with the diametrically opposed expectation of Hugh smiling at the bad news … but that’s how it was last Wednesday night…

The post For Chrisssake leave them laughing! appeared first on The AIM Network.

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MacroBusiness Friday, December 8, 2017 - 12:30 Source

By Leith van Onselen Hot on the heels of his masterful speech to the Salvation Army setting the framework for Labour’s housing reform agenda, New Zealand’s housing minister, Phil Twyford, has been presented with a damning briefing on the state of the market, which has caused “stark” inequality between young and old. From Stuff.co.nz: The

The post NZ’s new housing minister lashes policy malfeasance appeared first on MacroBusiness.

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Renew Economy Friday, December 8, 2017 - 12:21 Source

Archer Exploration has been granted approval for its Campoona graphite project, north of Cleve on the Eyre Peninsula.

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Your Democracy Friday, December 8, 2017 - 12:11 Source

 

nuances...

Classified and sensitive information is designed to be secret. When it is made public, it is always for a political purpose. That purpose may be to promote a particular political agenda or to build public support for a certain policy position.

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Renew Economy Friday, December 8, 2017 - 12:05 Source

NSW signs deal to buy LGC's from Neon's Dubbo solar farm, and says "this lays the foundation for more renewable energy procurement."

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Renew Economy Friday, December 8, 2017 - 12:05 Source

NSW signs deal to buy LGC's from Neoen's Dubbo solar farm, and says "this lays the foundation for more renewable energy procurement."

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MacroBusiness Friday, December 8, 2017 - 12:03 Source

By Leith van Onselen Today’s housing finance data for October, released by the Australian Bureau of Statistics (ABS), posted a fall in lending to owner-occupiers but an increase in lending to investors. According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) fell by 0.8% in October in seasonally adjusted terms but

The post First home buyer bribes mask weak housing finance trend appeared first on MacroBusiness.

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Renew Economy Friday, December 8, 2017 - 12:00 Source

Zen Energy gets electricity retailer licence to offer "baseload renewable energy" product and proceed with 1GW solar and storage facility at the Whyalla Steelworks.

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Renew Economy Friday, December 8, 2017 - 12:00 Source

Zen Energy gets electricity retailer licence to offer "baseload renewable energy" product and proceed with 1GW solar and storage facility at the Whyalla Steelworks.

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Renew Economy Friday, December 8, 2017 - 11:55 Source

Gold miner Newcrest decides against solar farm to help power its Cadia mine in NSW, highlighting the challenges for renewable developers.

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MacroBusiness Friday, December 8, 2017 - 11:51 Source

It’s mindlessly head-butting 6000 again anyway. If it doesn’t punch through soon we might have to mull an epic double-top: Big Iron is falling so I’ve dis-aggregated the chart today. BHP has some way to fall before it’s in any trouble: Same for RIO: Not so FMG which is levitating right at the cliff: The

The post ASX lifts on falling Australian dollar appeared first on MacroBusiness.

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politicalowl Friday, December 8, 2017 - 11:34 Source

I Made My Shed the Top Rated Restaurant On TripAdvisor - Vice

TripAdvisor’s top-rated London eatery is an old shed. Its owner posted fake food photos and glowing (false) reviews for The Shed at Dulwich, which never existed.

If Damian Green lied about looking at porn, I don’t blame him one bit - The Spectator

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