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MacroBusiness Sunday, August 2, 2020 - 18:00 Source

DXY rallied Friday night for once but the technical damage appears to have been done. Though, crucially, EUR is yet to break out: The Australian dollar was bashed against DMs: But is smashing EMs: Gold was strong despite DXY: Oil is stalled out: Dirt had a bad night: Miners were hit: EM stocks too: Junk

The post Australian dollar bashed as greenback bounces appeared first on MacroBusiness.

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Your Democracy Sunday, August 2, 2020 - 17:44 Source

ron paul

Jules Letambour, former professor of geography and history in various locations around the globe, now living in isolation in the Jura, France, is an expert on formulating visions of what’s coming next in the near future.

 

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The Australian Independent Media Network Sunday, August 2, 2020 - 17:36 Source

Suddenly, quite out of the blue, this phrase popped into my head, and I looked up the source – a song which I remembered from my youth. I know we pride ourselves on the extent to which modern society has benefitted from inventions stemming from research, IT, space exploration – an endless list – but…

The post “Money is the root of all evil” appeared first on The AIM Network.

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Renew Economy Sunday, August 2, 2020 - 16:04 Source

The last of the 51 turbines at the Warradarge wind farm north of Perth in Western Australia has been installed, in what will be the second-biggest wind facility in the state.

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Renew Economy Sunday, August 2, 2020 - 15:35 Source

Chevron becomes latest oil major to sign up for large scale wind and solar operations to help power some of its facilities, including in Australia.

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MacroBusiness Sunday, August 2, 2020 - 15:08 Source

Victoria has recorded 671 new cases of COVID-19, versus NSW’s 12:   There were 7 more deaths in Victoria overnight (all elderly, 6 in aged care), 649 active health worker infections, and 1,053 aged care infected. The overwhelming majority of active cases are also of unknown origin. In light of the ever-growing active cases: Premier

The post Stage 4 lockdown announced as VIC hits 11,557 COVID cases appeared first on MacroBusiness.

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The Australian Independent Media Network Sunday, August 2, 2020 - 13:15 Source

The Satrap Chronicles of the US imperium will have, near the top of their various ingratiating themes, such Australian politicians as Senators Linda Reynolds and Marise Payne. They resemble Siamese consuls, hard to tell apart (robust build, similar of voice and manner). For another, their views form the putty of derivative policy that has characterised…

The post Staying on Message: Australia, the US and the AUSMIN Talks appeared first on The AIM Network.

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MacroBusiness Sunday, August 2, 2020 - 10:20 Source

According to unemployment, Australia’s unemployment rate has fallen to 12.5% from 14.5% as the economy re-opened: In July 12.5% of the workforce (1.79 million Australians) were unemployed. This is a significant drop of 262,000 on June as the Australian economy – with the exception of Victoria – continued to re-open. An additional 1.5 million Australians

The post Roy Morgan unemployment falls to 12.5% appeared first on MacroBusiness.

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The Australian Independent Media Network Saturday, August 1, 2020 - 21:05 Source

If I consult this little pencilled in book of a shopping bill from a Mr. D. Lambert & Son, general store and victuals supplier of Towitta, for the fortnight in February 1936, I see that a packet of Yo-Yo biscuits was a mere 7 pence, and while the entire shopping for that bill was a…

The post The passing of the amateur appeared first on The AIM Network.

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The Tally Room Saturday, August 1, 2020 - 18:30 Source

6:30pm – Polls closed thirty minutes ago in the Legislative Council elections in Huon and Rosevears in Tasmania. I won’t be doing a lot of early coverage but will be back later tonight with some more analysis once most of the election-day votes are in.

In the meantime, check out my guides to Huon and Rosevears. You can also listen to my podcast about these elections.

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The Australian Independent Media Network Saturday, August 1, 2020 - 15:15 Source

One noisy theme in the Donald Trump Disruption Show in an otherwise chaotic assemblage of messages has remained fairly constant: winding back US troop commitments. The US has fought its complement of wars, bloodied and bloodying. Time to up stakes and head home. It was a message that sold in 2016 across the aisles of…

The post Pulling out of Germany: Trump Adjusts the Military Furniture appeared first on The AIM Network.

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The Australian Independent Media Network Saturday, August 1, 2020 - 14:36 Source

By William Olson   As both the union movement and the business lobby continue to maintain their poker faces in the ongoing industrial relations reforms discussions in Sydney and Canberra, KPMG – one of the major players in the business lobby – has risked the integrity of the negotiations after a document of theirs was leaked…

The post KPMG’s blunder an obstacle in industrial relations reform talks appeared first on The AIM Network.

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The Australian Independent Media Network Saturday, August 1, 2020 - 14:36 Source

By William Olson   As both the union movement and the business lobby continue to maintain their poker faces in the ongoing industrial relations reforms discussions in Sydney and Canberra, KMPG – one of the major players in the business lobby – has risked the integrity of the negotiations after a document of theirs was leaked…

The post KMPG’s blunder an obstacle in industrial relations reform talks appeared first on The AIM Network.

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Your Democracy Saturday, August 1, 2020 - 14:35 Source

missiles

BIG MISSILES…  AUSTRALIA NEEDS BIG MISSILES…. INTERCONTINENTAL BALLISTIC MISSILES…. At this stage, the “intended” targets must be laughing their heads off… unless Aussieland goes plenty “nukular”…

 

 

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MacroBusiness Saturday, August 1, 2020 - 12:21 Source

Victoria has recorded 397 new COVID-19 cases today, versus NSW’s 17 (three from hotel quarantine): Some outlets are recording 397 cases for Victoria, but I’ve gone with this source. 41 Victorian COVID-19 patients are in ICU with 24 on ventilators. Three more people have also died (all elderly), taking the state’s death toll to 116.

The post VIC records 390 new COVID-19 infections vs NSW’s 17 appeared first on MacroBusiness.

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The Australian Independent Media Network Saturday, August 1, 2020 - 12:00 Source

Continued from: COVID-19: Where was it born: China, the United States or Ukania? (From Her Majesty’s bottomless purse: part 2) By Outsider In such a climate of secrecy all wild hypotheses are possible. Imagine a coronavirus specially constructed to lie dormant in a person’s body until it is triggered by right radio frequency. Imagine nano…

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Your Democracy Saturday, August 1, 2020 - 08:27 Source

alternative

 

Cartoon From Pick of Punch.

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MacroBusiness Saturday, August 1, 2020 - 04:21 Source

  With the sheer enormity of the COVID19 pandemic’s economic impact only starting to dawn, David Llewellyn Smith and Leith Van Onselen spoke with Gunnamatta on the major forms the shock has taken through the Australian economy.  Over the course of about 75 minutes (3 parts) they cover the ugly numbers and the dynamics across

The post MB Radio: A podcast of gloomy disposition appeared first on MacroBusiness.

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MacroBusiness Saturday, August 1, 2020 - 00:01 Source

Global Macro / Markets / Investing: Coal Consumption Plunged to Lowest Since at Least 1973. Why There’s No Hope for Coal – Wolf Street Stocks Drop on Dour Economic Data – WSJ Stocks plummet on worst GDP data on record increase in unemployment – The Hill Stimulus Is Failing: Global Banks to Break Support Levels,

The post Weekend Reading 1-2 August 2020 appeared first on MacroBusiness.

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MacroBusiness Friday, July 31, 2020 - 17:30 Source

by Chris Becker A very rough finish to the week here in Asia with sharp falls on most share markets, replicating the falls in Europe but not Wall Street overnight. Gold is having another go at its previous record high, now making a triple top on the four hourly chart to currently be at the

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Friday, July 31, 2020 - 16:42 Source

climate policies

DNC Climate Plan

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The Australian Independent Media Network Friday, July 31, 2020 - 16:04 Source

Haunted by History So I drive to the town, pick up a few groceries, check the mail, chat a while … a bit of goss … a bit of this an’ that and then hit the road to home again … and that is where the haunting starts. You’ve seen them, as you drive along…

The post Bedtime Stories #6 appeared first on The AIM Network.

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Renew Economy Friday, July 31, 2020 - 15:07 Source

Australian “hot climate” li-ion energy storage hopeful wins federal government backing for plans to become the nation’s first utility-scale battery manufacturer.

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MacroBusiness Friday, July 31, 2020 - 15:00 Source

See our Coronavirus data Dashboard for individual country data. COVID-19 statistics and cases around the World   What’s happening in the United States? More COVID-19 Statistics and Analysis See our latest blog posts or podcasts here. See our Coronavirus data Dashboard for individual country data Data sources This is a list of some of the

The post Weekly COVID-19 (Coronavirus) statistics and analysis flipbook appeared first on MacroBusiness.

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John Quiggin Friday, July 31, 2020 - 14:53 Source

Ever since I wrote Work for All with John Langmore back in 1994, I’ve been pushing the idea that a path to full employment requires an expansion of publicly provided services. For about the same length of time, Bill Mitchell has been putting forward similar (but not identical) proposals. At some point in this process, Bill became one of the advocates of what’s called Modern Monetary Theory, which makes the point that taxes don’t (directly) “fund” public expenditure.

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MacroBusiness Friday, July 31, 2020 - 14:40 Source

Perennial housing bull, Peter Switzer, has turned bearish on Australian property, warning that Melbourne’s lockdown “will see house prices fall faster than they currently are”: “You have to expect consumer confidence and business confidence will fall, therefore business investment falls and then house prices will fall faster than they currently are… “Specifically Victoria, Because it’s

The post Victoria’s second wave “will see house prices fall fast” appeared first on MacroBusiness.

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MacroBusiness Friday, July 31, 2020 - 14:39 Source

Last week it was revealed that Foxtel – jointly owned by NewsCorp and Telstra – would receive $10 million of Australian taxpayers’ money to broadcast “women’s, niche and other under-represented sports” . This represented an extension of a $30 million grant given to Foxtel in 2017. Predictably, the handout was widely condemned as being a

The post Foxtel fleeces Australian taxpayers appeared first on MacroBusiness.

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Cheeseburger Gothic Friday, July 31, 2020 - 14:39 Source
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Renew Economy Friday, July 31, 2020 - 14:37 Source

Victoria Labor delays for a second time its decision on interim emissions reduction targets for the state, citing focus on curbing the spread of Coronavirus.

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Cheeseburger Gothic Friday, July 31, 2020 - 14:20 Source

I almost got into it with a friend over on the Book of Face after he seemed to diss Charlize Theron’s The Old Guard as a John Wick Chick Flick.

But I couldn’t get past ‘John Wick Chick Flick’ as a smackdown, so I gave up. The exchange did remind me, however, of a great essay I read about the importance of that first John Wick movie to the action genre as a whole.

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