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MacroBusiness Tuesday, October 19, 2021 - 00:10 Source

The ABC has published a report bemoaning that “ageism is rife in Australian workplaces”, where many older Australians are being shunned for jobs in favour of younger workers: A recent survey of 5000 people over 50 by Australian Seniors found many older people want to participate in the workforce, but they are not being given opportunities: Eighty-nine

The post Employers choosing migrants over older Australians appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 19, 2021 - 00:05 Source

More to the point, does it matter?  BofA still thinks fire: The Biggest Picture: US small business labor shortages & wage pressures worst in 50years (Chart2) = we are on cusp of policy pivot from pro-growth to anti-inflation (policy mistake has already happened…>$30tn of global stimulus ending in inflation). The view: bull case is pandemic

The post Will fire or ice kill markets? appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 19, 2021 - 00:01 Source

Global Macro / Markets / Investing: Is the world economy entering a wage-price spiral? – Economist The Layman’s Guide to Financial Deceit – Insider Finance The Great Supply-Chain Massacre – Project Syndicate Inequality is an urban affair, and it’s due to new tech – VOX Startups are betting on a psychedelic gold rush – VOX

The post Links 19 October 2021 appeared first on MacroBusiness.

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Renew Economy Monday, October 18, 2021 - 21:23 Source

French far-right presidential candidate Marine Le Pen has vowed to end all subsidies for renewable energy and tear down all France’s wind turbines, if s

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Your Democracy Monday, October 18, 2021 - 21:00 Source

tricktrick

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The Australian Independent Media Network Monday, October 18, 2021 - 17:32 Source

The Christian coalifate and crime cartel is running rampant The NSW Lib’s sanctification as Premier of the Brylcreemed Li’l Dabble Dooya, better known as Dominic Perrottet, a man resembling a pelican emerging from an oil spill, has re-animated conjecture about the capture of the conservative parties by religious nutters. It’s yet to be made clear…

The post Rule by the Divine Right appeared first on The AIM Network.

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Your Democracy Monday, October 18, 2021 - 17:23 Source

piping gas.piping gas.EU wants to stand strong to force Russia to supply more gas

Josep Borrell wrote in his blog that EU's energy dependence was one of the key issues in relations with Russia.

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MacroBusiness Monday, October 18, 2021 - 16:30 Source

Asian stock markets are starting the week in mixed fashion as the latest Chinese GDP print undershoots expectations. Currency markets are holding on to their Friday night wobbles as inflation expectations are still reverberating around risk markets as the November Fed taper starts to weigh on trader’s minds. Meanwhile Bitcoin has almost matched its previous

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, October 18, 2021 - 15:53 Source

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Renew Economy Monday, October 18, 2021 - 15:40 Source

investigation Angus Taylor COP25 Parliament minister energy emissions reduction - optimisedAngus Taylor to face re-election challenge in Hume, with a community endorsed independent candidate to be revealed next month.

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MacroBusiness Monday, October 18, 2021 - 15:00 Source

Brisbane today became the second major capital after Sydney to hit 20% dwelling value growth in 2020, according to CoreLogic’s daily index: Brisbane is now also the strongest major property market, recording 6.3% quarterly price growth: My view is that Brisbane’s housing market will outperform over the next decade due to its superior affordability against

The post Brisbane hits 20% property price growth appeared first on MacroBusiness.

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Renew Economy Monday, October 18, 2021 - 14:53 Source

Solar offers the cheapest and quickest option to cut emissions in the net 10 years. We just need to build more of it, and connect more of it.

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MacroBusiness Monday, October 18, 2021 - 14:52 Source

Chinese September monthly data is out and missed bigly. Sept QTR barely grew at 0.2% and YTD is down to a 4.9%: Under the bonnet and monthly data is noteworthy for two reasons. Firstly, growth has stalled out as it is hit by the combined property and power shocks. YoY industrial production is a lousy

The post Energy, property shocks rip through Chinese growth appeared first on MacroBusiness.

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Renew Economy Monday, October 18, 2021 - 14:42 Source

Australian concentrated solar and hydro storage technology outfit RayGen Resources claims Norwegian giant as major new investor.

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MacroBusiness Monday, October 18, 2021 - 14:30 Source

After a sluggish start, Australia’s vaccine rollout has been exemplary. On Wednesday, 70% of the 16+ population population will be fully vaccinated. The 80% full vaccination threshold is due to be hit on 1 November, the 90% threshold on 13 November, and by 11 December 100% of the 16+ population is due to be fully

The post Australia rockets up global vaccine rankings appeared first on MacroBusiness.

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MacroBusiness Monday, October 18, 2021 - 14:00 Source

Industry superannuation fund Cbus is seeking to have the 111 employees in its investment management division ‘carved out’ from a proposed new enterprise agreement and placed on a separate employment contract. The terms of the new contract indicate that workers would see their take-home pay reduced in the event of any increase in the superannuation

The post CBUS admits lifting super guarantee lowers wages appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, October 18, 2021 - 14:00 Source

By 2353NM   Next time your mobile phone takes a photo of the now ubiquitous QR check in image, think of this. In 1888, the Kodak camera was first sold in the USA with the motto “You press the button, we do the rest.” People did ‘press the button’ and return the cheap camera box to…

The post You have to adapt appeared first on The AIM Network.

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Renew Economy Monday, October 18, 2021 - 13:53 Source

Nationals leader Barnaby Joyce addressing the Nationals Party Room at Parliament House in Canberra - aap - optimised

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MacroBusiness Monday, October 18, 2021 - 13:30 Source

The Greens have promised to fight for 1 million publicly owned, affordable homes to be built over 20 years if they hold the balance of power after the next federal election: Greens leader Adam Bandt… said that with so many people locked out of the housing market “we urgently need the government to act and

The post Greens want 1 million affordable homes built over 20 years appeared first on MacroBusiness.

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MacroBusiness Monday, October 18, 2021 - 13:00 Source

The pandemic has brought to light the university sector’s ‘dirty little secret’; namely, its reliance on staff with insecure work contracts. Around 70% of the sector’s staff are on such contracts, either part-time or casual, while the underpayment of staff is widespread. The Fair Work Ombudsman (FWO) has investigated 14 universities over potential underpayment of

The post Australian universities are the kings of wage theft appeared first on MacroBusiness.

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Renew Economy Monday, October 18, 2021 - 12:40 Source

We don’t need new taxes, hydrogen, CCS or a “gas-led

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Renew Economy Monday, October 18, 2021 - 12:37 Source

Canadian pension fund takes 49% stake in FRV Australia, including huge development pipeline of solar and battery storage projects.

The post FRV steps up Australia solar and battery plans, with new investment partner appeared first on RenewEconomy.

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MacroBusiness Monday, October 18, 2021 - 12:30 Source

Numera with the note. I agree but am more bearish and consider the current bounce a mania. Copper–Underweight. Weak demand prospects, rising mine supply and weakening trader sentiment all worsen the risk-reward balance of copper for2022. We expect spot LME prices to drop $1000 / MT 12M out. Up until May of this year, copper

The post Numera: Sell copper appeared first on MacroBusiness.

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MacroBusiness Monday, October 18, 2021 - 12:00 Source

Courtesy of the Insitute for New Economic Thinking. I 100% agree with  Jim Chanos. Renowned short-seller Jim Chanos, founder of Kynikos Associates, is what you might call the “ever-bear” of China. For more than a decade, he has warned that the country was building a real estate-driven economy on a feeble house of cards. He spoke to

The post Chanos: China’s property crash prelude to war appeared first on MacroBusiness.

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MacroBusiness Monday, October 18, 2021 - 11:30 Source

Callum Foote and Michael West have made explosive allegations that the business lobby pressured the federal government not to amend JobKeeper when it was discovered by Treasury three months in that billions was being paid to companies with neutral or rising turnover. Accordingly, the federal government kept the fiscal tap wide open, showering businesses with

The post How business lobbyists drove $40b in JobKeeper waste appeared first on MacroBusiness.

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MacroBusiness Monday, October 18, 2021 - 11:00 Source

A crucial driver of the energy crunch underway across the northern hemisphere is low inventories of coal, gas and oil. There are signs that this has begun to ease. For oil, US stockpiles have turned the corner as post-hurricane supply booms back online: We are also seeing an acceleration in the rig count as prices

The post Energy crunch begins to ease appeared first on MacroBusiness.

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Club Troppo Monday, October 18, 2021 - 10:59 Source

We’re currently moving Club Troppo from one server to another and you might be experiencing an interruption to ordinary services. At the time of writing, you’re probably seeing security warnings, which is a temporary problem and not something to be alarmed about. We’re bringing things back online and playing whack-a-mole with all of the little things that need to get done.Rest assured, Club Troppo will be back in full once all those moles get whacked!

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Club Troppo Monday, October 18, 2021 - 10:59 Source

We’re currently moving Club Troppo from one server to another and you might be experiencing an interruption to ordinary services. At the time of writing, you’re probably seeing security warnings, which is a temporary problem and not something to be alarmed about. We’re bringing things back online and playing whack-a-mole with all of the little things that need to get done.Rest assured, Club Troppo will be back in full once all those moles get whacked!

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MacroBusiness Monday, October 18, 2021 - 10:30 Source

So far I will score my battle with Goldman over the nature and form of today’s commodity bull market at a draw. They have been right so far on metals and oil. I have been right on iron ore and other materials. The most pressing disagreement between us is whether or not strong price action

The post Goldman: Commodities to rise forever now! appeared first on MacroBusiness.

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The Tally Room Monday, October 18, 2021 - 10:30 Source

It’s been two weeks since I first posted about the resignations of three Coalition MPs leading to impending by-elections, and the guides I’ve prepared for those by-elections.

Two more have now been added to the list: Liberal MP Melanie Gibbons will be resigning from her marginal seat of Holsworthy to contest the federal seat of Hughes at the time of the next election, while Labor’s Jodi McKay has announced she will resign from her seat of Strathfield less than five months after losing the Labor leadership.

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