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Renew Economy Thursday, March 26, 2020 - 15:14 Source

Tesla big battery lifts earnings by one third in 2019, as well as reducing costs to consumers and playing key role in keeping the lights on.

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The Australian Independent Media Network Thursday, March 26, 2020 - 15:07 Source

Do the members of the Coalition government not realise what idiots they appear to be when they announce a decision and, within 24 hours, amend that decision? Act first and think later is not a good look in a crisis! What is abundantly clear, in all the current goings on, is that those making the…

The post All at sea, with nowhere to go appeared first on The AIM Network.

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MacroBusiness Thursday, March 26, 2020 - 15:00 Source

The ABS has released household wealth data for the December quarter of 2019, which revealed a big lift in wealth driven by property: Household wealth Household net worth (wealth) increased $360.9b (3.3%) in December quarter 2019 driven by a $382.8b increase in total assets. This was partly offset by a $21.8b increase in total liabilities.

The post Household wealth surged in Q4. Now comes the bust. appeared first on MacroBusiness.

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MacroBusiness Thursday, March 26, 2020 - 14:50 Source

Via GMA: “Strong balance sheet”…and hilarity ensues. Last time I looked it was leveraged 307x capital to insurance in force. I predict that within six months this business will be the hands of the government and be channeling fantastic quantities of your taxpayer dollars into backdoor bailouts for the banks making good on insolvent premiums.

The post Pre-nationalisation Genworth pulls guidance appeared first on MacroBusiness.

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Renew Economy Thursday, March 26, 2020 - 14:46 Source

electric kona towingA Hyundai Kona electric with towbar has successfully completed a test run towing a newly-acquired camper trailer.

The post Tow Story: Kona Electric hauling a camper trailer appeared first on RenewEconomy.

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Renew Economy Thursday, March 26, 2020 - 14:45 Source

Neoen says delays at Bulgana wind and storage facility not fully covered by liquidated damages, and it will start to suffer some financial pain soon.

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MacroBusiness Thursday, March 26, 2020 - 14:40 Source

From The ABS: The Australian Bureau of Statistics (ABS) has released the results of the first Business Impacts of COVID-19 survey as part of a series of additional product releases over the coming months to help measure the economic impact of coronavirus. This release provides information on the prevalence and nature of adverse impacts from

The post ABS: Half of businesses adversely impacted by COVID-19 appeared first on MacroBusiness.

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MacroBusiness Thursday, March 26, 2020 - 14:20 Source

Some wisdom today from the Brickworks CEO: Lindsay Partridge said preventing a big blowout in the jobless rate well beyond 10 per cent was crucial to housing and construction for the later part of 2020 and beyond. But it was the jobless rate that could bring much harder times for the economy and a deeper

The post Brickworks: Housing crash SloMo’s fault appeared first on MacroBusiness.

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MacroBusiness Thursday, March 26, 2020 - 14:12 Source

Via Bloomie: Governments should stop wasting precious time needed to fight the coronavirus after squandering an opportunity to prevent the Covid-19 pandemic, the World Health Organization’s head said. “We squandered the first window of opportunity,” said WHO Director-General Tedros Adhanom Ghebreyesus. “The time to act was actually more than a month ago or two months

The post WHO scolds SloMo appeared first on MacroBusiness.

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MacroBusiness Thursday, March 26, 2020 - 14:00 Source

Chalk up a win for Wuhan flu: Filming on The Block has shut down, with contestants being dispatched to their homes around the country on Wednesday morning as the coronavirus crisis worsened. Building work on the site in Brighton continues, however, with around 40 builders and tradies to continue working to create extensions at the

The post Virus kills The Block. Hopefully for good appeared first on MacroBusiness.

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Renew Economy Thursday, March 26, 2020 - 13:42 Source

Tilt Renewables confident it will manage Covid-19 impacts with little interruption, but ongoing network challenges cause a slight dent to anticipated earnings.

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MacroBusiness Thursday, March 26, 2020 - 13:40 Source

As we know, Foxtel is heavily reliant on sports programming for subscription revenue. Thus, the cancellation of most live sporting events across the globe will have a major impact on its bottom line. Foxtel’s dedicated Kayo sports streaming service will be hardest hit, as advertising revenue is expected to fall sharply as more companies pull

The post While Netflix booms Foxtel busts appeared first on MacroBusiness.

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Renew Economy Thursday, March 26, 2020 - 13:36 Source

After flying off the shelf in 2019, the March allocation of the Victorian government’s home solar rebates has barely shifted. Is this a sign of Covid-19 hitting demand?

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MacroBusiness Thursday, March 26, 2020 - 13:34 Source

Via the NYT: In several hours on Tuesday, Dr. Ashley Bray performed chest compressions at Elmhurst Hospital Center on a woman in her 80s, a man in his 60s and a 38-year-old who reminded the doctor of her fiancé. All had tested positive for the coronavirus and had gone into cardiac arrest. All eventually died.

The post Shit’s getting real in New York appeared first on MacroBusiness.

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Renew Economy Thursday, March 26, 2020 - 13:31 Source

International carbon prices have tumbled amid fears that a Covid-19 induced economic downturn will curb industry demand for carbon allowances.

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Renew Economy Thursday, March 26, 2020 - 13:30 Source

The current structure and governance of the electricity market in Australia is not fit for purpose to meet known and unknown challenges.

The post Planning for the unknown: Lessons for energy sector from Covid-19 appeared first on RenewEconomy.

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MacroBusiness Thursday, March 26, 2020 - 13:20 Source

Earlier this week, CoreLogic released its preliminary auction clearance rates, which revealed the following results: Today, CoreLogic has released its final auction results, which reported a 4.4% decline in the final national auction clearance rate to 56.9% – still above the same weekend last year (50.9%): As you can see, Sydney’s final auction clearance rate

The post Final auction clearance rate crashes into mid-50s appeared first on MacroBusiness.

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MacroBusiness Thursday, March 26, 2020 - 13:00 Source

Via Domain: Foreign ministers representing seven major industrialised nations failed to agree on a joint statement on Wednesday after the Trump administration insisted on referring to the coronavirus outbreak as the “Wuhan virus,” three officials from G7 countries told The Washington Post. Other nations in the group of world powers rejected the term because they

The post Of course it should be called “Wuhan flu” appeared first on MacroBusiness.

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MacroBusiness Thursday, March 26, 2020 - 12:40 Source

About 35 retail tenants at Melbourne’s Chadstone Shopping Centre have lobbied its management to waive rents for three months due to the coronavirus. The tenants contend that they are not in a position to pay rent at present, as shoppers are staying away from Chadstone. For its part, Chadstone Shopping centre’s management has agree to

The post Chadstone retailers demand three month’s free rent appeared first on MacroBusiness.

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Renew Economy Thursday, March 26, 2020 - 12:21 Source

Cleanco deal paves way for 1GW wind project - the biggest in Australia - to be built in Queensland.

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MacroBusiness Thursday, March 26, 2020 - 12:20 Source

Australia’s Minister for Government Services, Stuart Robert, has confirmed that an extraordinary 3.2 million Australians attempted to login to myGov in only 20 hours: We have facilitated 3.2 million logins to myGov over the past 20 hours. This is just extraordinary demand. We will continue to run this service 24/7 and progressively increase its capacity

The post One quarter of workers swamp myGov in 20 hours appeared first on MacroBusiness.

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MacroBusiness Thursday, March 26, 2020 - 12:00 Source

In today’s webinar (live 12:30 aedt), hear from MB Fund’s Head of Investment Damien Klassen, Chief Strategist David Llewellyn Smith, and Tim Fuller  as they cover “The New Credit Ice Age.” Today we look at the at the credit fallout of COVID-19. What is the nature of this financial crisis? Is it over or does

The post MB Fund Podcast: The New Credit Ice Age LIVE TODAY 12:30 AEDT appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, March 26, 2020 - 11:57 Source

Peter Dutton just can’t help himself.  Appearing on 2GB this morning in his regular chum session with Ray Hadley, he has made the most outrageous claims. Speaking about the docking of the Ruby Princess in Sydney, Dutton said he would not get into a political game or “hang anyone out to dry” whilst then going…

The post Peter Dutton is NOT the man we need in this crisis appeared first on The AIM Network.

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MacroBusiness Thursday, March 26, 2020 - 11:40 Source

The Australian Bureau of Statistics (ABS) yesterday released its Regional Population report for the 2018-19 financial year, which revealed that Melbourne remained the king of the population ponzi, adding an insane 113,480 people to its population in 2018-19, representing growth of 2.3%. Sydney’s population also surged by 87,065 people in 2018-19, representing growth of 1.7%

The post 150,000 migrants flooded Sydney and Melbourne in 2019 appeared first on MacroBusiness.

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MacroBusiness Thursday, March 26, 2020 - 11:34 Source

The Australian dollar is down further this morning: Bonds are well bid again: XJO is up a bit more: Big Iron is hilariously undiscounted for what’s ahead: Big Gas is better: Big Gold is crap still: Big Banks are trying but not getting far: Big Realty should be at zero because that’s where its revenue

The post Australian dollar falls, ASX bids into the depression appeared first on MacroBusiness.

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MacroBusiness Thursday, March 26, 2020 - 11:20 Source

Via Capital Economics. China has taken another step forard with the reopening of Hebei: However, the global shock is still building. First in services then manufactures. Europe: Asia: And the US: More pain to come just about everywhere.

The post Chinese recovery steps forward with Hebei opening appeared first on MacroBusiness.

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MacroBusiness Thursday, March 26, 2020 - 11:00 Source

Via the AFR’s Joe Aston: …the veteran retailer’s 60 Minutes interview on Sunday was genuinely breathtaking. …the mob’s affront must have really bitten Harvey Norman’s sales. On Wednesday, Gerry backtracked, offering the least fulsome public apology… …Funny, because nobody at News Corp ever thought he was callous. Not a damned soul! Harvey’s outrageous comments hadn’t

The post Gerry Harvey boycott triggers crocodile tears appeared first on MacroBusiness.

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THE BLOT REPORT Thursday, March 26, 2020 - 10:27 Source

For the third time in
as many weeks, the supermarket down the road had absolutely no toilet paper. Neither
were there any tissues, paper hand towels, soap, hand sanitiser or pasta. We weren’t
going to buy any toilet paper, we just happened to walk down that aisle; we have
plenty left for a few weeks. However, if the panic buying by the bogans or
profiteers continues, we will eventually run out. We are not panic stricken
about it, as some seem to be, because we have worked out what to do.

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MacroBusiness Thursday, March 26, 2020 - 10:20 Source

It’s been a ceaseless gusher of drivel since the crisis started. Early last month, The Kouk blasted the decision to implement a travel ban on China: The Kouk then called for the travel ban to be lifted:    He also played down the economic impacts: Over the past week, The Kouk has slammed into reverse

The post Kouktastrophe deepens appeared first on MacroBusiness.

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MacroBusiness Thursday, March 26, 2020 - 10:09 Source

Via The Australian: In one of the single biggest blows to the nation’s embattled retail sector billionaire Solomon Lew has announced the shock closure of all stores within his Premier Investments business, which includes popular fashion chains such as Just Jeans, Portmans, Dotti, Peter Alexander and Smiggle, with the loss of more than 9000 jobs.

The post Soloman Lew refuses to pay rent appeared first on MacroBusiness.

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