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The Australian Independent Media Network Wednesday, June 29, 2022 - 13:39 Source

So, as we all party at the removal of our very own theocratic government, what has the last month ushered in? Lots of lovely symbolic gestures, lots of baby steps to restoring Australia’s reputation as a great place to live, a great place to bring up children. Over a hundred years ago, in 1915, British…

The post Our children still going hungry in Australia appeared first on The AIM Network.

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Renew Economy Wednesday, June 29, 2022 - 13:34 Source

Shadow Minister for Climate Change and Energy Chris Bowen addresses the National Press Club in Canberra, (AAP Image/Lukas Coch).

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The Australian Independent Media Network Wednesday, June 29, 2022 - 13:31 Source

By Newman Fergard   Given Angus Taylor’s figures have at times been rubbery (ref: Clover Moore’s travel “spend”) and the following based on figures published by the LNP government, this might not be accurate but the concept can be updated with real numbers when available. If you take a look at the 2019-20 tab you will…

The post Net 0 by 2050 – How big is the challenge? appeared first on The AIM Network.

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MacroBusiness Wednesday, June 29, 2022 - 13:30 Source

Data from CoreLogic shows that a record 23.8% of dwellings across Australia fetched more than $1 million in the year to May 2022. The number of suburbs with a median price of more than one million dollars rose to 1,367 nationwide during the period: In the 12 months to May 2022, national dwelling values rose

The post The rise and fall of Australia’s million-dollar suburbs appeared first on MacroBusiness.

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Renew Economy Wednesday, June 29, 2022 - 13:03 Source

MGA Thermal CEO Erich Kisi and CTO Alex Post (Supplied).

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MacroBusiness Wednesday, June 29, 2022 - 13:00 Source

The Australian Bureau of Statistics (ABS) today released retail sales data for May, with sales rising for their fifth consecutive month by 0.9% to be up 10.4% year-on-year: Retail sales were positive across all categories except clothing & footwear: Sales were also positive everywhere except QLD and ACT: According to Ben Dorber, Director of Quarterly

The post Aussie retail sales still rising despite rate hikes appeared first on MacroBusiness.

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Renew Economy Wednesday, June 29, 2022 - 12:46 Source

Liquefied natural gas lng carrier ship with five tanks 1200 - optimised

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MacroBusiness Wednesday, June 29, 2022 - 12:30 Source

More fuckedcrypto.com from FTAlphaville today. — Rapidly rising electricity prices should be bad news for cryptocurrency miners, right? Boutique investment house Kuros Associates believes so, having shorted US-listed Microstrategy and Riot Blockchain in spite of being a short term bitcoin bull. Miners “have a big problem [with] the rising cost of energy, and that’s not going

The post fuckedcrypto#351 appeared first on MacroBusiness.

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Your Democracy Wednesday, June 29, 2022 - 12:10 Source

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MacroBusiness Wednesday, June 29, 2022 - 12:00 Source

Professor Ian Harper from the University of Melbourne has downplayed the prospect of across-the-board pay rises or a ‘wage-price spiral’ in the wake of the increase in the minimum wage. Harper, who was the inaugural chairman of the Australian Fair Pay Commission, says employers no longer face the 1970s-style indexing of pay to the consumer

The post Ian Harper shreds ‘wage-inflation spiral’ scaremongering appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 29, 2022 - 11:40 Source

It’s one that readers will be familiar with, even if it’s taken Wall Street a while to catch up. I expect margins to be much worse than this as the everything shortage of 2022 turns to the everything glut of 2023 and pricing power goes bye-bye. Goldman has more. — Profit margins for the median

The post Another stock market headwind emerges appeared first on MacroBusiness.

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Renew Economy Wednesday, June 29, 2022 - 11:28 Source

Olivia Smith from PositiveGood discusses where and how PR

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MacroBusiness Wednesday, June 29, 2022 - 11:20 Source

The Australian Bureau of Statistics (ABS) yesterday released population data for the December quarter, which showed that Australia’s population growth rose by 63,400 over the quarter: This occurred on the back of a swing in net overseas migration (NOM) back into positive, with NOM rising by 29,200 over the quarter: Annual population growth nationally rose

The post Tens of thousands of Victorians flee to Queensland appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 29, 2022 - 11:00 Source

There are always commies, kowtowers and useful idiots floating about the place. The latest fitting one or all of those descriptions is Colin Patrick Mackerras (Mackerras), an Australian sinologist and Emeritus Professor at Griffith University, who appeared in the Chinese propaganda organ, Global Times: GT: In the past decade, Australia’s relations with China have changed

The post Australians are done with China appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 29, 2022 - 10:30 Source

The Market Ear sums it well. — The latest Atlanta Fed GDPNow model reading for Q2 is clinging to positive territory, at a +0.3 percent estimate as of Monday’s update. Data Trek: “recent readings have been disappointing and awkwardly close to negative. Let’s not forget that Q1’s GDP has been revised to -1.5 percent. With

The post Get set for the earnings crash appeared first on MacroBusiness.

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The Tally Room Wednesday, June 29, 2022 - 10:00 Source

Papua New Guinea goes to the polls next month to elect the national parliament, and for the first time since 1977 there has been a redistribution of electoral boundaries. Seven existing electorates have been split in half to create seven new seats. Another six electorates will be split in half in 2027.

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MacroBusiness Wednesday, June 29, 2022 - 10:00 Source

The ferrous complex surged on June 28, 2022: Enough good news out of China’s recent wins against COVID and lifting seasonal tailwinds were enough to trigger the rally. Seasonality can be especially powerful for iron ore so do not overlook that factor. Th next two months are typically very strong before we get crash into

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

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Your Democracy Wednesday, June 29, 2022 - 09:52 Source

On the evening of November 9, 1989, thousands of East Germans—including a 35-year-old chemist named Angela Merkel—peacefully crossed into West Berlin amid chaos and the confusion at the Berlin Wall. Within hours, the gates of the most notorious symbol of the Cold War opened for good, as champagne flowed and jubilant Germans with pickaxes began to lop off large chunks of the wall.

 

1989-2001: America’s Long Lost Weekend

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MacroBusiness Wednesday, June 29, 2022 - 09:30 Source

It’s back to tits and giggles for the MSM as the Australian energy crisis intensifies: At the beginning of the year, NEM average prices were under $50MWh. Now they are at $350MWh and still trending higher. If these prices are sustained then it will rip $50bn+ out of the east coast economy as a purely

The post Shell shows how easy it is to fix energy appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 29, 2022 - 09:30 Source

Risk sentiment soured with more downside volatility returning to equity markets overnight, not helped by a falling US consumer confidence print that doubled down with more Fed officials wanting big rate rises by the end of the year. Wall Street saw falls of 2-3% which are likely to be repeated in Asia today. The USD

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 29, 2022 - 09:00 Source

DXY was strong last night: AUD was squashed: Oil up! Metals struggled: Miners dead catted some more: Not EM stocks: And junk is on the express elevator to hell with everything else soon to follow: Treasuries were bid: Stocks were smashed: Westpac has the wrap: Event Wrap US Conference Board consumer confidence fell to 98.7 (est.

The post Australian dollar smashed by Chinese recovery appeared first on MacroBusiness.

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Renew Economy Wednesday, June 29, 2022 - 08:42 Source

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Your Democracy Wednesday, June 29, 2022 - 08:29 Source

Biden’s Endgame Shouldn’t Be Victory for Ukraine

There is no realistic scenario for Ukraine to win. Washington should push for a settlement.

 

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THE BLOT REPORT Wednesday, June 29, 2022 - 08:20 Source

Many media outlets have noted the drop in religiosity indicated by the latest Australian Bureau of Statistics (ABS) census results, and I tend not to reiterate the same stuff the mainstream media have come up with unless there is something else that can be said. However, the disparity between this census and other recent surveys is something that has piqued my interest. 

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Your Democracy Wednesday, June 29, 2022 - 07:28 Source

Elvis Is a Con… Baz Luhrmann’s biopic scrambles to reassure us with a woke Elvis while failing to understand what really made him the King.  BY JACK HAMILTON

Hello? I beg to strongly differ with Hamilton who by all means is an expert on popopopop, while Old Gus is just an old bloke…

 

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The Australian Independent Media Network Wednesday, June 29, 2022 - 06:00 Source

One of the promises the new Prime Minister made during the election campaign was to create or recreate a more civil parliament and, for that matter, a more tolerant and reasoned society. Most would all agree that we want our politicians to put their better minds to the problems confronting us. We want the screaming…

The post The difference between manners and civility appeared first on The AIM Network.

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MacroBusiness Wednesday, June 29, 2022 - 00:05 Source

Australia’s booming pre-COVID international education industry was built on the back of Chinese students: In 2019, this prompted Associate Professor Salvator Babones to publish the seminal paper, The China Student Boom and the Risks It Poses to Australian Universities, which showed that Australian universities had become dangerously dependent on Chinese students, with concentrations that dwarf similar

The post Aussie universities still dangerously addicted to Chinese students appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 29, 2022 - 00:05 Source

Cheap and easy access to mortgage credit was the fuel that lifted Australian house prices by 35% over the pandemic. Now the housing market is facing the polar opposite forces, with mortgage rates rising at the same time as credit is becoming more difficult to obtain. The Reserve Bank of Australia (RBA) has only hiked

The post Tightening lending standards hammer house prices appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 29, 2022 - 00:01 Source

Global Macro / Markets / Investing: Wall Street layoffs likely ahead as two-year hiring boom turns to bust – CNBC Great Resignation, Remote Work Mean Employees Need Better Bosses, Managers – Business Insider Vulture Capitalists are killing journalism – The Atlantic Global Windfall Profit Tax of 90% Needed to Address ‘Catastrophic’ Food, Climate Crises: Oxfam

The post Links 29 June 2022 appeared first on MacroBusiness.

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Renew Economy Wednesday, June 29, 2022 - 00:01 Source

Minister for Climate Change and Energy Chris Bowen speaks to media during a press conference at Parliament House in Canberra, Thursday, June 2, 2022.</body></html>

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