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Permanent migration is behind a ‘Big Australia’

May 18, 2020 - 10:20 -- Admin

The ‘Big Australia’ lobby continues to hit back at Kristina Keneally’s call to lower immigration post COVID-19, which has run at extraordinary levels since the mid-2000s: Over the weekend, The Age’s View called for a lift in permanent migration post COVID-19: About half of our permanent visas go to temporary visa holders who want to

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Superannuation is not Monopoly money for the Labor Party

May 18, 2020 - 09:40 -- Admin

Last week, Labor’s housing spokesman Jason Clare called on superannuation funds to build and repair social housing to “keep tradies on the tools”: Work in the housing construction industry is drying up and in the next few months a lot of tradies could be out of work. That’s why Labor is calling on the Government

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Macro Morning

May 18, 2020 - 09:30 -- Admin

By Chris Becker  Friday night saw a relatively good end to a hectic week across risk markets with European stocks playing catchup while Wall Street lifted slightly, its optimism about economic life opening contained somewhat by the growing China/US trade dispute, nevermind the pandemic issues. Gold continued its significant breakout as all central banks seem

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Daily iron ore price update (Brazilllllll)

May 18, 2020 - 09:20 -- Admin

Iron ore prices for May 187, 2020: We’ve now got a pretty good restocking pulse going. Some of it is doubtless steel mills looking at Chinese stimulus but the recovery is still slow and halting: The more important driver remains the supply side, in particular Brazil, which is inking into virus hell. Only six weeks

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ScoMo edges ahead in Newspoll

May 18, 2020 - 09:00 -- Admin

He would have to pretty pissed if he didn’t given the virus outcome: Popular support for the federal Coalition has climbed to its highest level since last September ahead of a looming by-election in Eden-Monaro, as Scott Morrison cemented record approval ratings for his leadership during the COVID-19 crisis. An exclusive Newspoll conducted for The

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Australian dollar universally tumbles as exhaustion sets in

May 18, 2020 - 00:20 -- Admin

DXY was up Friday night and still looks very strong: The Australian dollar tumbled against every cross: Despite gold taking off: Oil too: But dirt sagged: Miners were bid: EM stocks are stalled: Junk fell: Bonds were soft: Stocks eked out a gain: Global data is still so bad that it is being ignored. We

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Australia has the whip hand on China Trade

May 18, 2020 - 00:15 -- Admin

The Chinese Government has threatened trade sanctions if the Australia continues its push for an independent inquiry into the origins and response to the Wuhan Coronavirus pandemic: High-ranking calls to China have gone unanswered amid an escalating trade dispute with Australia that’s been fuelled by calls to investigate the origins of the deadly coronavirus pandemic.

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Auction market fails to launch post lockdown

May 18, 2020 - 00:08 -- Admin

CoreLogic’s preliminary auction report, released yesterday, was another lacklustre affair with a preliminary clearance of 64.0% recorded nationally off auction volumes that were around 40% of last year’s level: As shown in the next table, Sydney led the way recording both the highest preliminary clearance rate as well as the highest volumes: This is because

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More doubts about wet market virus source

May 18, 2020 - 00:05 -- Admin

From BioRvix comes the new study: In a side-by-side comparison of evolutionary dynamics between the 2019/2020 SARS-CoV-2 and the 2003 SARS-CoV, we were surprised to find that SARS-CoV-2 resembles SARS-CoV in the late phase of the 2003 epidemic after SARS-CoV had developed several advantageous adaptations for human transmission. Our observations suggest that by the time

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Universities sold their soul for Chinese international students

May 17, 2020 - 09:40 -- Admin

Drew Pavlou, the student facing expulsion from the University of Queensland (UQ) over its sordid links with the Chinese Communist Party (see here, here and here), has penned an article in Foreign Policy on how Australia’s universities have ditched their values in pursuit of the Chinese student dollar: After being an outspoken campus critic of

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