Economist

The path to zero emissions is expensive – but not impossible

The path to zero emissions is expensive – but not impossible

At the same time, coal and LNG are among Australia’s biggest exports.Undeterred, Griffith says the path to zero emissions could be done through “electrifying” the household. That is, moving away from natural gas and combustion engines, aided by the rapid take-up of solar power, heat pumps, electric vehicles and batteries.It’s all existing technology, but the…


Income tax will continue to rise, despite $300b of cuts

Income tax will continue to rise, despite $300b of cuts

Oct 29, 2019 — 4.11pmIncome tax will continue to increase as a proportion of disposable household income over the next decade – and as a drag on consumption – despite legislated tax cuts worth $302 billion over the same period.An analysis by Macquarie Securities economists shows that without the tax cuts, income tax would jump…


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Stock Market Bulls Made a Fool’s Gamble on Rate Cuts

When US nonfarm payrolls stunned traders by rising dramatically on Friday, the stock market’s bet that the Fed would stimulate further growth by drastically slashing interest rates was exposed as a fool’s gamble. That’s according to economist Mohamed El-Erian, who explained to CNBC’s “The Exchange” that a rate cut in July was likely but 50…



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Peter Schiff Reveals Crypto Holdings, Community Sends Him Bitcoin

 Bitcoin basher Peter Schiff has been quietly holding some of the biggest cryptocurrency. Schiff, who is a gold bug, has been incessantly cranky on crypto and recently characterized bitcoin investors as “dumb.” The shoe is on the other foot now, as it turns out the Shiff, who is the CEO of Euro Pacific Capital, received…


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Trump’s Mexico Deal Supercharges Spectacular Dow Recovery

The Dow just had its best week of the year. | Source: Win McNamee/Getty Images/AFPBy CCN: On Friday, the Dow Jones surged by 1.02 percent, nearing 26,000 points after gaining more than 1,000 points within five days, demonstrating the current momentum of the U.S. stock market.The Dow Jones has climbed by more than 1,000 points…


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China uses an intrusive surveillance app to track its Muslim minority, with technology that could be exported to the rest of the world. Here’s how it works.

China is waging an unprecedented, high-tech crackdown in the Xinjiang region, home to a mostly-Muslim ethnic minority called the Uighurs. Officials there use an intrusive app where they are prompted to log extremely personal information like political views, use of birth control, and use of electricity at home. Human Rights Watch revealed how it works…