Mercedes


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South Australia announces $550m energy plan

15 March 2017 | AFR

South Australian Premier Jay Weatherill's $550 million energy plan has enraged the federal government which has labelled it confusing and "nonsense" as it seeks legal advice about whether it breaches the rules of the national electricity market.



A Girl Stands Firm on Wall Street

09 March 2017 | The New York Times

There’s currently a bronze statue of a little girl standing in front of the charging bull on Wall Street.

It really does have a great look — all the laws of mass and motion aside, you feel pretty confident the bull is going to wind up backing down. And it reminds you that while marching is important, sometimes you can make a difference by standing still.


Energy crisis: Wholesale power prices have doubled since the carbon tax was axed

09 March 2017 | The Age

A growing crisis in the electricity market has led to wholesale power prices more than doubling in a year - and rising to at least twice what they were under the much-maligned carbon price.

An analysis by the University of Melbourne's Climate and Energy College, produced for the Greens, found the average wholesale electricity price soared to $134 a megawatt hour in the summer just finished, compared with $65-$67 in the two summers the carbon price was in place.


WikiLeaks documents describe CIA spying through Samsung phones and TV sets

08 March 2017 | AFR

WikiLeaks has released thousands of documents that it said described sophisticated software tools used by the CIA to break into smartphones, computers and even Internet-connected televisions.

If the documents are authentic, as appeared likely at first review, the release would be the latest coup for the anti-secrecy organisation and a serious blow to the CIA, which maintains its own hacking capabilities to be used for espionage.





When will China's speculative iron ore bubble pop?

07 March 2017 | AFR

If you believe the conventional wisdom, investors in Australian resource giants such as BHP Billiton and Rio Tinto should be able to rest easy this year, confident in the knowledge that Beijing will do whatever it takes to maintain robust Chinese economic growth in this highly sensitive political year.



Federal budget to include housing package: Treasurer Scott Morrison

06 March 2017 | Business Day

"We're working on a package for the budget. It will deal with the challenges in housing affordability from those who are reliant on social housing in our community, all the way through to those who are trying to break in to the first home ownership market," he told Sky News on Sunday.

"We've got to remember that over 30 per cent of Australians actually live in homes that are rented.


Vacant property tax expected to raise $80m in push to increase housing affordability

06 March 2017 | The Age

Owners who leave properties vacant will be slugged with a new tax under a Victorian government push to free up more housing for sale and reduce rents.

The new vacant residential property tax is expected to raise about $80 million over four years, coming into force on January 1.


Australian banks: Time is right for a royal commission

06 March 2017 | The Age

There is a wealth of wisdom in the notion the first thing to do when seeking to exit a hellish hole is stop digging.

However, the custodians of much of the nation's wealth seem intent on unwisely digging themselves ever deeper into a pit of public and parliamentary opprobrium, to the ironic extent that they risk helping bring on the very royal commission they've been seeking to avoid.


Growth momentum is fuelling the global rally, not Trump

05 March 2017 | AFR


How big are the returns for good presidential behaviour? President Donald Trump last week gave a sedate but disciplined speech to Congress that lacked any specific financial commitments. The day after he spoke world markets rejoiced and indices hit all-time records.

 


How long can the show go on as Donald Trump fever grips Wall Street?

02 March 2017 | AFR

US President Donald Trump has once again demonstrated that he is a consummate performer who knows that the trick to keeping audiences spellbound is to leave them wanting more.


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