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Renew Economy Friday, September 8, 2017 - 14:18 Source

Telstra and Macquarie Group looking to build new solar and wind farms in Australia in further signs of strong corporate investment.

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Renew Economy Friday, September 8, 2017 - 14:12 Source

SA govt seeks proposals to build hydrogen production facility and refuelling station, and supply at least six hydrogen cell buses.

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Renew Economy Friday, September 8, 2017 - 14:11 Source

Perth blockchain-based renewables trading start-up, Power Ledger, raising tens of millions of dollars in Australia's first "initial coin offering" in energy space.

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Renew Economy Friday, September 8, 2017 - 14:01 Source

AEMO explains caution of grid operations in South Australia, saying it is way out front of rest of the world and in virgin territory. But there is debate on grid weakness is due to wind farms or ageing gas units with the wrong settings.

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MacroBusiness Friday, September 8, 2017 - 13:47 Source

By Leith van Onselen Seeing as Fairfax’s chief economics correspondent, Ross Gittins, has seemingly been gagged by his employer from entering the immigration debate, and given the relevance to the Dick Smith Fair Go campaign, find below a 2015 video by Ross Gittins expertly articulating why mass immigration makes ordinary Australians worse-off, implicitly backing today’s

The post Ross Gittins backs Dick Smith appeared first on MacroBusiness.

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MacroBusiness Friday, September 8, 2017 - 13:17 Source

By Leith van Onselen Today’s housing finance data for July posted a 2.7% jump in the number of new home finance commitments (both construction and new), with commitments also up by 9.9% over the year: Looking at the state-by-state breakdown, which is presented below on a rolling annual basis since it is not seasonally adjusted,

The post New home finance jumped in July appeared first on MacroBusiness.

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MacroBusiness Friday, September 8, 2017 - 13:16 Source

Dalian is firm today but going nowhere really: AUD is rampaging towards 81 cents: Which is capping Big Iron: And Big Gas: Big Gold is mixed: Big Sleazy is at new lows: Big Spruik is mixed: The ASX is at the brink again of its descending triangle: The rampaging AUD may push it off…

The post ASX at the brink as Australian dollar rips to 81 cents appeared first on MacroBusiness.

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Renew Economy Friday, September 8, 2017 - 13:15 Source

PM is chuffed about his rooftop PV and storage, and so he should be. Installations like that will be of greater value to the grid than Liddell, which is a similar age and condition to the Hazelwood generator Turnbull admitted was "very old" and no longer viable.

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MacroBusiness Friday, September 8, 2017 - 12:47 Source

By Leith van Onselen Today’s housing finance data for June, released by the Australian Bureau of Statistics (ABS), posted a large rise in owner-occupied lending (including a big jump in first-home buyer mortgage demand), but also a large fall in investor finance. According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings)

The post FHB patsies pulled into East Coast property bubble appeared first on MacroBusiness.

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MacroBusiness Friday, September 8, 2017 - 12:37 Source

From Goldman: The RBA’s long-standing reference to labour market conditions “warranting careful monitoring” was an interesting omission from the final paragraph of August’s RBA Board Minutes. Since April 2017, the RBA had framed its neutral policy stance as a “watching brief” over risks in the labour and housing markets – with “uncertainty” on the labour

The post Why is Goldman expecting an RBA rate hike early 2018? appeared first on MacroBusiness.

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MacroBusiness Friday, September 8, 2017 - 12:02 Source

Via the AFR: Santos and Origin have inked a new deal to supply Chinese-controlled plastics maker Qenos with ethane until the end of 2019. Santos announced in November 2014 that it has signed a new five-year deal to supply ethane gas to Qenos in NSW. At the time, the deal was heralded as avoiding the potential loss of more

The post More Santos gas shifts to domestic markets appeared first on MacroBusiness.

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MacroBusiness Friday, September 8, 2017 - 11:44 Source

I’m freshly returned from Adelaide where last night we kicked off the MB Fund national rock-n-roll thunder tour. It was a splendid evening running an hour over time with lively presentations and discussion across typical MB policy and investment territory. It was terrific to meet MB readers and commenters in person and there were no

The post Don’t miss the MB Fund seminar in Brisbane next week appeared first on MacroBusiness.

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MacroBusiness Friday, September 8, 2017 - 11:38 Source

Question: what relevance does this have? From The Australian: The head of government relations with energy giant AGL is a graduate of Al Gore’s climate-change leadership program whose move to the corporate world last year follows a quest to “change the system from within”. Tony Chappel is part of AGL’s executive team responsible for engaging

The post Culture war on AGL continues appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, September 8, 2017 - 11:19 Source

I know we are supposed to show respect to the NO side in the marriage equality debate but for how long? When Robert Menzies introduced the Marriage Act in 1961, a Country Party senator wanted to change the act to define marriage as being between a man and a woman. The amendment was voted down…

The post To those who think the YES campaign is too “in your face” appeared first on The AIM Network.

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xkcd.com Friday, September 8, 2017 - 10:00 Source

The third row will probably have to wait until 2034, and maybe longer. If I see a daytime supernova, I'll replace the meteor storm with that and consider it 3/3.

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MacroBusiness Friday, September 8, 2017 - 09:10 Source

By Leith van Onselen For years the growth lobby has argued that Australia needs to run high levels of immigration in order to alleviate so-called skills shortages and to mitigate an ageing population, despite the Department of Employment showing that Australia’s skills shortage “remains low by historical standards” and Australia’s labour underutilisation rate tracking at

The post Automation or immigration the cure for an aging population? appeared first on MacroBusiness.

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Renew Economy Friday, September 8, 2017 - 08:54 Source

Repowering WA’s South West Integrated System grid with renewables would not increase the wholesale electricity price, new modelling shows.

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Renew Economy Friday, September 8, 2017 - 08:50 Source

It is the worst of all worlds: a market-based system but with extensive and unpredictable intervention by governments that tend to undermine investor confidence

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The Australian Independent Media Network Friday, September 8, 2017 - 08:30 Source

Yesterday, the High Court ruled it was lawful for the Federal Government to go ahead with a voluntary, non-binding public opinion poll on whether all consenting adult couples in Australia should have the right to marry. The tax-payer funded survey will cost $122 million and will have no direct effect on legal rights. Instead, the…

The post If only Turnbull had some authority appeared first on The AIM Network.

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MacroBusiness Friday, September 8, 2017 - 08:22 Source

By Chris Becker   Big breakouts in currency land overnight while US stocks didn’t move much as the ECB downgraded its inflation outlook and adopted an even more dovish tone in its meeting last night. US Treasuries rallied hard and everyone dumped USD as a result, with gold and Yen launching to new highs, pulling

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, September 8, 2017 - 07:08 Source

It’s awwn. DXY broke last night: The next chart support is around 88 cents… AUD took off: Chart resistance does not register until 86ish cents… Gold broke out: Brent too: Base metals were flat: Big miners lifted: EM stocks lifted: Hugh yield too: US yields cratered: As did European: Stocks were flat: It went pretty as

The post Perfect storm drives Aussie dollar super spike appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, September 8, 2017 - 06:03 Source

Friday 8 September 2017 On the 4th Anniversary of the election of the Coalition – in this extended period of abysmal governance – two diagonally opposed areas occupy my mind. The only thing they have in common is the manner in which the government of the day has so incompetently handled them No party in…

The post Day to Day Politics: Out of gas, steam, and no energy for gay marriage. appeared first on The AIM Network.

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MacroBusiness Friday, September 8, 2017 - 00:30 Source

Please find below a letter from Dick Smith responding to ABC The Drum’s biased segment on Wednesday attacking the Dick Smith Fair Go campaign. Dick has informed us that he went to the ABC headquarters in Sydney yesterday to state his case but was turned back at the door. 7 September 2017 Julia Baird Presenter The

The post Exclusive: Dick Smith responds to ABC bias appeared first on MacroBusiness.

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MacroBusiness Friday, September 8, 2017 - 00:30 Source

Australia is dying. It’s being killed by neglect and corruption. At the head of the destruction is Do-nothing Malcolm and his vacant non-plan for the country. Consider what “Australia” is. An Anglophone nation in Asia defined by a working class ethos of the “fair go”, English pragmatism, sport and self-effacing good humour. In recent decades

The post Do-nothing Malcolm is breaking Australia appeared first on MacroBusiness.

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North Coast Voices Friday, September 8, 2017 - 00:16 Source
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MacroBusiness Friday, September 8, 2017 - 00:15 Source

By Leith van Onselen I cannot ever recall a time when the nation’s production, as measured by real GDP, has diverged so much from the growth (or lack thereof) in ordinary Australian’s living standards. To illustrate why, I have once again deflated three measures of the domestic economy, as provided in the March quarter national

The post Lost decade rolls on for Australian households appeared first on MacroBusiness.

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North Coast Voices Friday, September 8, 2017 - 00:15 Source

Former Liberal MP for Dunkley Bruce Fredrick Billson is to be investigated.The Sydney Morning Herald, 4 September 2017:

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MacroBusiness Friday, September 8, 2017 - 00:14 Source

By Leith van Onselen Wednesday’s national accounts release for the June quarter confirmed that Australia’s FIRE economy – Finance, Insurance and Rental, Hiring & Real Estate Services – continues to eat its host, rising to a new record high (12.1%) share of the Australian economy: Since financial markets were first deregulated in the mid-1980s, the

The post FIRE sector vampire continues to devour its host appeared first on MacroBusiness.

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MacroBusiness Friday, September 8, 2017 - 00:10 Source

By Leith van Onselen In the week ended 7 September 2017, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.13%: The rise in prices was driven by the two biggest capitals and Adelaide: So far in 2017, values have risen by 4.79% driven overwhelmingly by Melbourne

The post CoreLogic weekly Australian house price update appeared first on MacroBusiness.

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MacroBusiness Friday, September 8, 2017 - 00:09 Source

By Leith van Onselen Quick. Before the East Coast housing bubble unwinds: Legislation allowing first home buyers to use up to $30,000 of voluntary super contributions for a deposit has been introduced into parliament. The Turnbull government reckons first home buyers could boost their savings for a deposit by up to a third under its

The post Coalition to introduce FHB super bribe appeared first on MacroBusiness.

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