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MacroBusiness Wednesday, November 7, 2018 - 15:11 Source

It’s now a crushing defeat for the Republicans in the House: Goldman saw this outcome this way: Divided Congress Is the Base Case A Democratic House and Republican Senate is the clear consensus view among market participants and political analysts. As such, we would not expect a substantial market reaction to this result. From a

The post Australian dollar shorts puke as Democrats seize US House appeared first on MacroBusiness.

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Renew Economy Wednesday, November 7, 2018 - 14:54 Source

Energy minister Angus Taylor wants to get new investment in coal and gas locked away before the next election.

The post Taylor confirms race is on to get new coal or gas finalised before federal election appeared first on RenewEconomy.

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Renew Economy Wednesday, November 7, 2018 - 14:26 Source

Kimberley Clean Energy Roadmap reveals 60-90% mix of solar, battery storage and wind power can out-compete diesel or fracked gas on cost across the region.

The post Plan to shift Kimberley to renewables could save $15m a year appeared first on RenewEconomy.

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Renew Economy Wednesday, November 7, 2018 - 14:23 Source

JA Solar has supplied all solar modules to South Australian Water Corporation ("SA Water") for its 4.14MW coastal photovoltaic project.

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The Australian Independent Media Network Wednesday, November 7, 2018 - 14:00 Source

By Tony Andrews The world is rigged, and it has been for a very long time. Society has a bad habit of labelling everyone into being something that can fit into an easily defined mould. Capitalist, Socialist, Christian, Muslim, right wing, left wing, progressive, conservative, conspiracy theorist, whatever term or ‘ism/ist’ that can be used…

The post Extreme distraction (part 2) appeared first on The AIM Network.

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MacroBusiness Wednesday, November 7, 2018 - 13:49 Source

Have a listen in to Roger Montgomery on the on ABC yesterday here. Fast forward to Sally at 24 minutes who is a realtor managing some large settling apartment blocks in South Bank, Melbourne. Her story of Chinese buyers left high and dry should give everyone pause for what’s coming down the pipe in terms

The post Chinese specufestors mass defaulting on apartments appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 7, 2018 - 13:20 Source

By Leith van Onselen All the hoopla over gender equality curiously fails to ever mention that Australian women live on average four years longer than Australian males. From The ABS: Life expectancy at birth estimates represent the average number of years that a newborn baby could expect to live, assuming current age-specific death rates are

The post Aussie females to live 4.1 years longer than males appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 7, 2018 - 12:45 Source

By Leith van Onselen Following the Productivity Commission’s attack last week, the Business Council of Australia (BCA) chief executive, Jennifer Westacott, has lambasted Australia’s universities, slamming their opposition to levelling the playing field and removing the distortions pushing students into universities over vocational education and training (VET). From The AFR: Ms Westacott told a group

The post BCA attacks greedy demand-driven universities appeared first on MacroBusiness.

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Renew Economy Wednesday, November 7, 2018 - 12:37 Source

Solar PV and wind energy are growing fast enough to eliminate global coal, oil and gas consumption before 2050 - if politics allows.

The post Solar photovoltaics and wind energy: the climate change solution appeared first on RenewEconomy.

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MacroBusiness Wednesday, November 7, 2018 - 12:31 Source

Aussie dollar all over the joint as US mid-terms play out. Now at 72.28: Bonds bid: ASX down modestly: Big Iron down: Big Gas too: Big Gold mixed: Big Banks finally getting some dead cat action: No such luck for Big Realty: Mid-terms still too early to call:

The post Australian dollar hot, ASX not as mid-terms rile appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 7, 2018 - 12:15 Source

We know that the RBA has completely failed to adapt to the new normal of lowflation: And that it is about to lift its labour market and wages outlook, from yesterday’s statement: The outlook for the labour market remains positive. With the economy growing above trend, a further reduction in the unemployment rate is expected

The post Wage stagnant New Zealand warns RBA stupid appeared first on MacroBusiness.

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Renew Economy Wednesday, November 7, 2018 - 12:12 Source

BloombergNEF says networks and consumers set to drive global energy storage boom worth $A1.7 trillion, as cost of batteries tumbles by 52%.

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Renew Economy Wednesday, November 7, 2018 - 12:12 Source

BloombergNEF says networks and consumers set to drive global energy storage boom worth $A1.7 trillion, as cost of batteries tumbles by 52%.

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Renew Economy Wednesday, November 7, 2018 - 12:08 Source

Tennessee Valley Authority, not a great fan of non-hydro renewables, signs deal two big solar developments that will deliver 100% renewable energy to local Facebook data centres.

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Renew Economy Wednesday, November 7, 2018 - 12:05 Source

Dubia expends the scale of its mega solar park, and does so at a world-record low price for solar.

The post Dubai expands mega solar project at “record” low price appeared first on RenewEconomy.

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MacroBusiness Wednesday, November 7, 2018 - 12:00 Source

By Leith van Onselen The Coalition’s analysis of income and tax data for 2015-16 shows that 1.3 million Australians owned a negatively-geared investment property during that financial year. Around 640,000 people lived in seats held by the Coalition, whereas 570,000 were in seats held by Labor.  The results have prompted Treasurer Josh Frydenberg to claim

The post Coalition’s launches another dud negative gearing scare campaign appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, November 7, 2018 - 11:52 Source

“The Culture is dead, long live the Culture!”… When I was quite young, and I heard for the first time the cry of “The King is dead, long live the King!”… I was confused … how can the king live long if he is already dead?…But of course, well … you know the logic of…

The post Risorgimento! appeared first on The AIM Network.

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Peter Martin Wednesday, November 7, 2018 - 11:50 Source

BRENDAN COATES, GRATTAN INSTITUTEIt’s conventional wisdom that Australians don’t save enough for retirement. Most workers themselves think they won’t have enough to retire on, and their concerns are rising. But the conventional wisdom is wrong.

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MacroBusiness Wednesday, November 7, 2018 - 11:43 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released its cost of living indices for the September quarter, which revealed a rise in cost of living pressures across most cohorts: According to the ABS, the cost of living for households headed by working Australians rose by 2.0% in the year to September

The post Cost of living rises above inflation appeared first on MacroBusiness.

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John Quiggin Wednesday, November 7, 2018 - 11:34 Source

Have your say on the results as they emerge

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MacroBusiness Wednesday, November 7, 2018 - 11:30 Source

By Leith van Onselen New Productivity Commission chairman Michael Brennan says much of the Australian banking and wealth management industry’s revenue can be attributed to excessive fees that are a result of limited competition. Brennan also noted that financial services is now the biggest sector of the domestic economy, accounting for nearly 9% of economic

The post Productivity Commission: Financial sector riddled with ‘rent seekers’ appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 7, 2018 - 11:20 Source

CBA is out with its trading update. Here is Martin North with the detail: CBA released their 1Q19 trading update today. Their unaudited statutory net profit was approximately $2.45bn in the quarter and unaudited cash net profit was approximately $2.50bn in the quarter, both rounded to the nearest $50 million. The cash basis is used

The post CBA and SUN sing the margin squeeze song appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 7, 2018 - 11:15 Source

By Leith van Onselen A group of academics – Joanna Howe, Alex Reilly, Stephen Clibborn, Diane van den Broek & Chris F Wright – have jointly penned article in Fairfax claiming that the exploitation of temporary migrant workers increased in the wake of visa reforms in 2005 which allowed backpackers to extend their visa for

The post Coalition’s backpacker farm worker scheme ripe for exploitation appeared first on MacroBusiness.

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Renew Economy Wednesday, November 7, 2018 - 11:04 Source

Once fully operational its 330,000 photovoltaic cells will generate enough power to supply 65,000 Australian homes.

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MacroBusiness Wednesday, November 7, 2018 - 11:00 Source

By Leith van Onselen The CEO of ASX-listed portal rent.com.au, Greg Bader, has predicted that rents will soon follow prices down: “In isolation, house prices falling does not impact rents,” Mr Bader said. “But what tends to happen is that people put their properties on the rental market to get a return rather than let them sit idly. So there’s

The post Will falling house prices also drag rents down? appeared first on MacroBusiness.

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xkcd.com Wednesday, November 7, 2018 - 11:00 Source

Disappointed that they caved to fan pressure and went with Ruth Bader Ginsburg over Elena Kagan.

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MacroBusiness Wednesday, November 7, 2018 - 10:45 Source

Wish me luck as I wave you goodbye! Via the AFR: Chinese developers are steering away from expensive inner city site purchases for apartment projects as they wait out the housing downturn and the uncertainty of next year’s federal election. At the height of the boom in and around 2013 to 2015, many Chinese developers

The post Chinese developers abandon “dire” Australia appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 7, 2018 - 10:30 Source

By Leith van Onselen The Grattan Institute has released a new report, entitled Money in retirement: more than enough, which challenges the conventional view that Australians don’t save enough for retirement, and explicitly recommends against lifting the compulsory superannuation guarantee from its current level of 9.5% to 12%: The vast majority of retirees today and in

The post Grattan: Don’t lift compulsory super rate appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, November 7, 2018 - 10:20 Source

So many important discussions this nation must have are being hijacked by sensationalist scaremongering and the caterwauling from the extreme right. In true Trump fashion, racial profiling is on the rise.  Muslims, Africans and asylum seekers are vilified in a frenzy of xenophobia.  Aboriginal disadvantage is due to laziness and giving them too many free…

The post The hysterical fringes have stopped sensible debate appeared first on The AIM Network.

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MacroBusiness Wednesday, November 7, 2018 - 10:15 Source

For those that view the CNY as a challenge to the USD in any conceivable time frame that matters: Pfft.

The post All hail the mighty redback appeared first on MacroBusiness.

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