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Renew Economy Thursday, June 30, 2022 - 00:01 Source

AEMO says the energy chaos is likely to accelerate the switch to renewables, but the scale of the transition is immense, and the need to act is urgent.

The post “Rapid and irreversible:” AEMO says energy crisis is accelerating switch to renewables appeared first on RenewEconomy.

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MacroBusiness Thursday, June 30, 2022 - 00:01 Source

Global Macro / Markets / Investing: Goldman Sachs warns of $1.2B loss from consumer unit: report – NY Post Tesla reportedly lays off 200 Autopilot employees in latest jobs cut – Engadget Uber, Lyft drivers switch to Teslas amid high gas prices – Yahoo Ten Ways Billionaires Avoid Taxes on an Epic Scale – ProPublica

The post Links 30 June 2022 appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, June 29, 2022 - 17:28 Source

By Andrew Klein   The challenges of the Global Refugee Crisis often appear unmet or lost in the narrative of political leaders attempting to use the ‘latest military’ problem to divert funding from genuine refugee problems. In other cases, such as Haiti, the UN response led to an increase of local problems such as disease spread…

The post Refugees and Changing Political Narratives appeared first on The AIM Network.

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The Australian Independent Media Network Wednesday, June 29, 2022 - 17:28 Source

By Andrew Klein   The challenges of the Global Refugee Crisis often appear unmet or lost in the narrative of political leaders attempting to use the ‘latest military’ problem to divert funding from genuine refugee problems. In other cases, such as Haiti, the UN response led to an increase of local problems such as disease spread…

The post Refugees and Changing Political Narratives appeared first on The AIM Network.

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The Australian Independent Media Network Wednesday, June 29, 2022 - 17:00 Source

American exceptionalism can be a dreary thing, and no more so than each time a US president promotes the country’s imperial credentials and continued prowess. But in matters of literacy, shared wealth, and health care, the US has been outpaced by other states less inclined towards remorseless social Darwinism.  The overruling of Roe v Wade…

The post Overruling Roe v Wade: The International Dimension appeared first on The AIM Network.

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MacroBusiness Wednesday, June 29, 2022 - 16:30 Source

A sea of red across Asian share markets as the sharp reversal in risk sentiment on Wall Street overnight spreads to all risk markets. The USD is continuing its surge in strength against most of the undollars, with the Australian dollar smacked down below the 69 cent level as oil prices are trying to stabilise

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, June 29, 2022 - 14:39 Source

records clean energy regulator Electrical borer by the solar panels - optimised

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MacroBusiness Wednesday, June 29, 2022 - 14:30 Source

The Reserve Bank of New Zealand’s latest mortgage data shows that buyer demand continues to plummet following aggressive interest rate hikes that have pushed key mortgage rates to between 5% and 6.5%: The value of mortgage commitments fell 29% in the year to May 2022, according to the RBNZ. This represents a sharp reversal from

The post Collapsing mortgage demand hammers New Zealand house prices appeared first on MacroBusiness.

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Renew Economy Wednesday, June 29, 2022 - 14:24 Source

Australian Prime Minister Anthony Albanese speaks to the media during a press conference ahead of the NATO Leaders’ Summit in Madrid.</body></html>

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Renew Economy Wednesday, June 29, 2022 - 14:17 Source

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MacroBusiness Wednesday, June 29, 2022 - 14:00 Source

Deloitte Access Economics has released an analysis of state budgets, which shows that Victoria is not forecast to return to Budget surplus until 2025-26: By which time, Victoria’s net debt is forecast to reach 27%, and has grown much faster than any other state over the past two years: Moody’s downgraded Victoria’s credit rating from

The post Victorian Budget drowns in debt appeared first on MacroBusiness.

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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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xkcd.com Wednesday, June 29, 2022 - 10:00 Source

It's nice how the end of the periodic table is flush with the edge these days, so I think we should agree no one should find any new elements after #118 unless they discover a whole row at once.

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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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