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Renew Economy Wednesday, May 11, 2022 - 06:29 Source

ocean energy IOEM

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The Australian Independent Media Network Wednesday, May 11, 2022 - 06:00 Source

And so, the second leader’s debate on 9News has come and gone. At times it was unedifying and robustly undignified. It lacked moderation and structure and demonstrated how much of a bully our Prime Minister is. And I might add how amateurish commercial TV can be. Sure, both combatants gave as much as they got,…

The post Let’s hope the polls are right this time appeared first on The AIM Network.

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Renew Economy Wednesday, May 11, 2022 - 06:00 Source

Australian experts want to kick-start the creation of a national strategy on low emissions transport.

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MacroBusiness Wednesday, May 11, 2022 - 00:10 Source

The latest residential mortgage lending data from the Reserve Bank of New Zealand (RBNZ) revealed that one-third of mortgages taken out in 2021 were at debt-to-income (DTI) ratios above six, up from 19% in 2019 and 25% in 2020: In dollar terms, $36.2 billion worth of mortgages were originated at DTI ratios above six in

The post Mortgage monster ravages New Zealand housing appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, May 11, 2022 - 00:05 Source

I used to think climate change was our most urgent problem.  Now I think it is integrity – in government particularly. If you don’t think integrity is important, then it’s easy to lie. It’s easy to use your position to dole out rewards to supporters who will keep you in power. It’s easy to transfer…

The post If integrity doesn’t matter, nothing does appeared first on The AIM Network.

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MacroBusiness Wednesday, May 11, 2022 - 00:05 Source

Last week, the Australian Bureau of Statistics (ABS) released dwelling approval data for March, which registered a sharp 18.5% one month fall in approvals to be down 36% year-on-year: According to the ABS, apartment approvals were tracking 60% below their November 2017 peak. The next chart focuses on the high-rise segment only (i.e. 4 storeys

The post With immigration returning, Australia faces apartment shortages appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 11, 2022 - 00:01 Source

Global Macro / Markets / Investing: Dow falls more than 600 points, S&P 500 tumbles below 4,000 to the lowest level in a year – CNBC 40% of bitcoin investors are now underwater, new data shows – CNBC Bitcoin Prices Are Falling: Bitcoin and Ethereum Are Down 50% From All-time Highs. – Medium Rivian stock

The post Links 11 May 2022 appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, May 10, 2022 - 18:36 Source

One of John Howard’s more famous quotes was, when asked about whether he’d contest the leadership after John Hewson lost in 1993, “That would be like Lazarus with a triple bypass.” Lazarus, for all you heathens, was someone that Jesus raised from the dead, so Howard was suggesting that to become leader again, he’d need…

The post Frydenberg May Yet Be Lazarus With A Triple Bypass Just Like Howard… appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, May 10, 2022 - 18:00 Source

Continued from Part 3: Why an Albanese Government should be elected. (In Part 1 of these articles I provided a link to the ALP’s 2022 policy agenda, and I ask that you take time to read those items of policy (if you haven’t done so as yet), before reading the matters I raise here-on-in.) Climate…

The post A once in a century chance (part 4) appeared first on The AIM Network.

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Renew Economy Tuesday, May 10, 2022 - 17:00 Source

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MacroBusiness Tuesday, May 10, 2022 - 16:30 Source

Still not a good day for risk takers out in the Asian stock markets although a late bounce this afternoon has seen equity futures for Europe and Wall Street lift, dragging up some local bourses as well. Currency markets remain in line with a strong USD, with the Australian dollar almost crossing below the 69

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, May 10, 2022 - 15:21 Source

 AGL Energy)

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MacroBusiness Tuesday, May 10, 2022 - 14:30 Source

Tonight I will be appearing on DFA Live with Martin North where we will discuss everything to do with the Australian economy, the election and the property market. The show goes live at 8pm EDST. Please tune in and ask us questions.

The post Join me tonight on DFA for live Q&A appeared first on MacroBusiness.

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Renew Economy Tuesday, May 10, 2022 - 14:26 Source

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Renew Economy Tuesday, May 10, 2022 - 14:24 Source

Neither Labor leader Anthony Albanese nor prime minister Scott Morrison have adopted climate targets consistent with the Paris Agreement, new analysis shows.</body></html>

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Renew Economy Tuesday, May 10, 2022 - 14:09 Source

Swiss Army Knife of electricity grid infrastructure

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MacroBusiness Tuesday, May 10, 2022 - 14:00 Source

New data shows that the number of homes listed for sale nationwide has risen sharply in 2022, which has in turn resulted in homes taking longer to sell. Nationally, it took an average of six days longer to sell a property in the three months to April, compared with the previous quarter. Houses in Sydney

The post For sale listings pile up across Australia’s housing market appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 10, 2022 - 13:30 Source

The Australian Labor Party (ALP) still holds a commanding 9% two-party preferred lead over the Coalition, according to the latest Roy Morgan polling: Primary support for the ALP was up slightly by 0.5% points to 35.5% this week and is now ahead of the L-NP on 34% (down 1% point). Support for the Greens was

The post Roy Morgan: ALP remains in poll position over Coalition appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 10, 2022 - 13:00 Source

The ANZ-Roy Morgan consumer confidence survey has been pulled into the gutter by expectations of rising interest rates. Last week, the consumer confidence index fell another 0.2%, which follows the previous week’s 6.0% plunge: The consumer confidence index is now tracking at its lowest level in 20 months having plunged over 2022. According to ANZ’s

The post Mortgage holders fearful of soaring interest rates appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, May 10, 2022 - 12:57 Source

As with previous breakaway religions thrilled by the prospect of the new, breakaway sporting competitions offer a chance to reassess doctrine, administration, and philosophies. It has happened in football, cricket, and rugby, often controversially, and almost always indignantly. The attempt to create a rival competition is now taking place in a sport famously described as…

The post Greg Norman: Saudi Arabia’s Sportswashing Emissary appeared first on The AIM Network.

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MacroBusiness Tuesday, May 10, 2022 - 12:40 Source

Two years ago, Inside Story’s Tim Colebatch labelled Dan Andrews’ Suburban Rail Loop – a 90 kilometre orbital rail system that would run underground between Cheltenham and Werribee at a cost of up to $120 billion – “the worst transport project Melbourne has ever seen”: The government’s commitment to build the worst transport project Melbourne

The post Albo hoses $2.2b on Dan’s Suburban Rail Loop boondoggle appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 10, 2022 - 12:20 Source

Research from the Australian ­National University suggests that the federal government’s JobKeeper wage subsidy scheme saved 812,000 jobs. The scheme cost $89 billion in total, which equates to about $112,819 for each job that it saved. The working paper notes that JobKeeper may have been introduced slightly too late and could have been wound back

The post ANU: JobKeeper cost $112,819 per job saved appeared first on MacroBusiness.

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Renew Economy Tuesday, May 10, 2022 - 12:07 Source

Prime Minister hydrogen Scott Morrison and Minister for Energy Angus Taylor at a press conference during a visit to Geelong Oil Refinery.</body></html>

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MacroBusiness Tuesday, May 10, 2022 - 12:00 Source

The ACTU has submitted a revised minimum wage claim to the Fair Work Commission (FWC) in response to the spike in the inflation rate to 5.1%. The peak union body is now seeking a minimum wage rise of 5.5 %, or $42 per week, up from its initial claim in late March for a 5%

The post Unions, employers war over minimum wage rise appeared first on MacroBusiness.

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Renew Economy Tuesday, May 10, 2022 - 11:53 Source

 Canva).

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MacroBusiness Tuesday, May 10, 2022 - 11:40 Source

Some commodities are starting to break down but the indexes are still very strong. GSCI Metals are coming off sharply and have just about erased the Ukraine jump: But softs are still firm:   So is energy: Frustratingly, none of these indexes includes Australia’s key bulk commodities of iron ore and coal. Iron ore is

The post Commodities are crashing (not) appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 10, 2022 - 11:19 Source

Did get yourself some stablecoin? I hope not: USD “stablecoin” Terra has now lost 25% of its value in the last few hours…So-called stable coins becoming unstable… https://t.co/ze7HooyOGk pic.twitter.com/2HVRuGyTRN — christopher joye (@cjoye) May 10, 2022 As a $15bn stablecoin, Terra is supposed to sustain its value to the USD one-to-one. Unbelievably, at least some

The post Crypto comes apart appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 10, 2022 - 11:00 Source

PM Morrison is his media team are trying to pass the buck on their decade of wage falls: Despite pursuing the Coalition over stagnant wage growth, the Opposition Leader conceded on Sunday night he would not ensure wages would rise about inflation if Labor was elected, instead saying he would support minimum wages increases while

The post Is Labor or Liberal better for wages? appeared first on MacroBusiness.

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Your Democracy Tuesday, May 10, 2022 - 10:45 Source

MUCH OF what exists originated as an inkling in the human mind. That enslaving other people is acceptable; that it is utterly heinous. That a royal despot is the norm; that freedom, rights and self-governance is better. Conservative or left-leaning, capitalist or Marxists, sushi-lover or vegan—they’re all products of thinking.

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MacroBusiness Tuesday, May 10, 2022 - 10:30 Source

The latest data from the Australian Prudential Regulatory Authority (APRA) showed that around one quarter of mortgages originated in the December quarter of 2021 were at a debt-to-income (DTI) ratio above six times, up from around 15% pre-pandemic: In dollar terms, $137 billion worth of mortgages were issued at a DTI ratio above six times

The post Mortgage shock to crash property prices “back down to Earth” appeared first on MacroBusiness.

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