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MacroBusiness Tuesday, January 21, 2020 - 11:40 Source

After experiencing an unprecedented boom in high-rise apartment construction over the past decade: And with flammable cladding and structural faults proliferating across Sydney, the NSW Government has finally taken action by giving the NSW Building Commissioner the power to block dodgy developers from building high-rise: Designed to prevent repeats of the Opal and Mascot Towers

The post NSW moves too late on dodgy high-rise builders appeared first on MacroBusiness.

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Renew Economy Tuesday, January 21, 2020 - 11:33 Source

Total and Marubeni to build 800MW solar plant in time for Qatar's World Cup at what is claimed to be the lowest price for such a project.

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MacroBusiness Tuesday, January 21, 2020 - 11:20 Source

Unleash the panic, at News: International airports are screening passengers for a mysterious SARS-like disease that has been confirmed as passing from human-to-human and has also jumped China’s borders. The number of cases of the new coronavirus “2019-nCoV”, which causes a type of pneumonia, has surpassed 220 and authorities are concerned it could spread quickly.

The post Is coronavirus an economic threat? appeared first on MacroBusiness.

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Renew Economy Tuesday, January 21, 2020 - 11:02 Source

The first of 51 Vestas wind turbines erected at Warradarge wind farm, a 180MW project being developed by Bright Energy Investments in Western Australia’s mid-west region.

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MacroBusiness Tuesday, January 21, 2020 - 11:00 Source

Here’s Henry Hub, the US gas price: The reason is oodles of fracked gas, so much it’s being thrown away in flaring. The price in some areas is close to negative: This glut has met with weak demand in a mild winter. Thanks to John Kemp: Because Henry Hub gas is relatively expensive once processed

The post Global gas prices crash as Australian launch appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 10:43 Source

Says two year old index. Via CBA’s consumer intentions survey: Home Buying Spending Intentions Home buying intentions moved higher again in December and now sit at a record high HSI readings indicate that the pick up in dwelling prices in H2 2019 may continue into H1 2020 The turn in the HSI is also a sign

The post Home buying intentions hit record high! appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 10:40 Source

A little summary from Crikey makes the point today: Attorney-General Christian Porter will lead a review into the community sports grants scandal despite the program netting his own electorate nearly one million dollars. Porter’s announcement follows revelations by the ABC that Scott Morrison’s local soccer club boasted about essential funding for a project weeks before the grants were announced. Morrison, whose office

The post Morrison Government mired in corruption appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 10:20 Source

Via the ABC’s Michael Janda: Hindsight is 20/20, so they say, but some big calls do seem to stand the test of time. One of those is the Reserve Bank’s decision to start raising interest rates in May 2002, having cut them only five months previously. In his statement explaining that rate cut, then-RBA governor

The post Ian Macfarlane: House prices at ‘permanent high plateau’ appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 10:00 Source

Via the IMF: Tentative Stabilization, Sluggish Recovery? Global growth is projected to rise from an estimated 2.9 percent in 2019 to 3.3 percent in 2020 and 3.4 percent for 2021—a downward revision of 0.1 percentage point for 2019 and 2020 and 0.2 for 2021 compared to those in the October World Economic Outlook (WEO). The

The post IMF downgrades global growth, hoses Australia appeared first on MacroBusiness.

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Renew Economy Tuesday, January 21, 2020 - 09:45 Source

 TeslaLatest talk is that first deliveries of Tesla Model Y electric crossover will begin in two weeks, while images and video surface of third row rear seats.

The post Tesla Model Y deliveries now set to start in two weeks appeared first on RenewEconomy.

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MacroBusiness Tuesday, January 21, 2020 - 09:40 Source

Via the AFR today: Economists at QIC, Laminar Capital and Bank of America Merrill Lynch argue that since November better than expected jobs numbers, retail trade figures, house prices and approvals, and more optimistic trade and sharemarket news will see the Reserve Bank hold fire, despite the temporary hit to the economy from bushfires. …Former

The post The RBA should cut straight to zero appeared first on MacroBusiness.

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Renew Economy Tuesday, January 21, 2020 - 09:31 Source

elon musk model 3 launchTesla dominates market for new electric vehicles in Australia in 2020, mostly through Model 3 which will likely beat all but one of its petrol and diesel rivals too.

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MacroBusiness Tuesday, January 21, 2020 - 09:20 Source

Not much point with charts today with the US closed. A little material from Westpac gives us the right take on the immediate outlook for the Australian dollar: RBA policy will be stretched to its maximum in 2020 – two more cash rate cuts from the RBA, to reach the effective lower bound for the

The post Australian dollar weakness governed by RBA appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 09:00 Source

Spot and paper stable. Steel up a bit. Port inventories down to 127.35mt. This does not say anything good for steel mill margins nor outlook. No change to outlook. Bearish into Q2.

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

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MacroBusiness Tuesday, January 21, 2020 - 09:00 Source

By Chris Becker  A public holiday on Wall Street was enough to take the wind out of the bubble blowers overnight with European markets putting in mild scratch session, while bond markets drifted around. The IMF lowered their growth forecasts in the recent release at Davos while oil prices came back after reaching a new

The post Macro Morning appeared first on MacroBusiness.

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THE BLOT REPORT Tuesday, January 21, 2020 - 08:41 Source

Australia under the
Liberal and National parties has generally become a corporatocracy1,
where the only entities of consequence are corporations and those state bodies
that are needed to ensure their unhindered survival: the police, ASIO, judiciary
and, of course, a purchased government. The government are mostly a means for
corporations to pass legislation they want, whether it be for damaging unions,
decreasing penalty rates, decreasing corporate taxation, decreasing taxation on
the wealthy, keeping internet speeds relatively low, or others. In addition to

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The Australian Independent Media Network Tuesday, January 21, 2020 - 08:36 Source

When Bill Shorten couldn’t put an exact figure on how much Labor’s climate policies would cost 11 years out from the deadline of 2030, Scottyfrommarketing and our work experience Treasurer, ably abetted by a compliant media, excoriated him. It was a ridiculous question to ask in the first place to which Shorten gave the best…

The post How much will it cost – the ridiculous hypocrisy of Morrison and Frydenberg appeared first on The AIM Network.

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Club Troppo Tuesday, January 21, 2020 - 00:30 Source

[off the cuff research idea memo]

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MacroBusiness Tuesday, January 21, 2020 - 00:08 Source

The rebound in Sydney property prices and new mortgages (see next chart) is doing wonders for the New South Wales Budget. According to new data from the NSW Office of State Revenue, annual stamp duty receipts in December had rebounded by $250 million (5%) from their August 2019 low: In addition to rising prices, stamp

The post NSW stamp duty receipts bounce back appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 00:05 Source

In 2019, India emerged as Australia’s prime international student growth market. As shown in the next chart, whose data comes from the Department of Education, new student enrolments from India surged by 35% in 2019, from 44,900 to 60,700: While China still remained Australia’s biggest source of international students, new enrolments from China actually declined

The post India becomes prime international student growth market appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 00:05 Source

Via Deloitte: A new global report from Deloitte shows that 81 percent of Australia’s business leaders believe that climate change will have a negative impact on their business operations (compared with a global average of 48 percent). The report, The Fourth Industrial Revolution: At the intersection of readiness and responsibility, surveyed more than 2,000 C-suite

The post SmoCo isolated as business swings to climate change action appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 00:01 Source

Global Macro / Markets / Investing: Global digital money transfer transactions to reach 2 billion by 2024 – IT News Global Financial Crisis Can Be Triggered By The Trade War – Daily Billboard Global Economic Growth Is The Lowest In A Decade: Why Is Wall Street Racing To The Moon?  – Forbes Americas: There are

The post Links 21 January 2020 appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, January 20, 2020 - 18:21 Source

NSW Environment Minister, Matt Kean, recently suggested that some federal Liberals are pushing for more action on reducing emissions and arguing that we shouldn’t be using carryover credits from Kyoto. When Scott Morrison was asked about these comments he told us, “Matt Kean doesn’t know what he’s talking about, he doesn’t know what’s going on…

The post Scott Morrison Commits His Cabinet To Meeting And Beating Matt Kean appeared first on The AIM Network.

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Your Democracy Monday, January 20, 2020 - 16:52 Source

not about sport...   Scott Morrison and Josh Frydenberg personally announced sports grants under the controversial $100m program overseen by Bridget McKenzie – with Morrison even boasting the program “isn’t about sport” but rather “community” while unveiling a $200,000 grant in his electorate.

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MacroBusiness Monday, January 20, 2020 - 16:30 Source

Asian stock markets are creeping ever higher, lifting by the megabullish sentiment on Wall Street from Friday night with more record highs and new yearly highs the order of the day. Chinese stocks have diverted in fortune again with the goosed Shanghai Composite lifting nearly 0.5% to almost start the week back above the 3100

The post Macro Afternoon appeared first on MacroBusiness.

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George Monbiot Monday, January 20, 2020 - 16:00 Source

This proposed
new law would make us strangers in our own nation, by criminalising trespass.

By George
Monbiot, published in the Guardian 15th January 2020

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Renew Economy Monday, January 20, 2020 - 15:51 Source

Record customer participation in demand response cuts risk of blackouts and delivers more than half a million dollars to savvy households, new data shows.

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Renew Economy Monday, January 20, 2020 - 15:16 Source

Scott Morrison Ace GuttersMorrison misrepresents Federal emissions targets and renewables investment while trying to chastise NSW energy minister Matt Kean over climate.

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The Australian Independent Media Network Monday, January 20, 2020 - 15:08 Source

By RosemaryJ36   It is just over 45 years since Cyclone Tracy virtually destroyed Darwin. It was the event which put Darwin on the map for many Australians and the place looked like it had been hit by an atomic bomb! I am writing from memory and others who experienced the event may have very different…

The post Cyclone Tracy: a disaster in another time appeared first on The AIM Network.

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Renew Economy Monday, January 20, 2020 - 14:23 Source

Construction imminent for Lacour Energy’s 800MW Clarke Creek wind farm in central Queensland, with inaugural community consultative committee meeting held last week.

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