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Thursday, 21 January

14:56

Oz takes Gold! Go you Good Thing! Prosper Australia

Last week, Philip Soos announced Australia had achieved global leadership in an exciting new arena: “Australian households have more debt compared to the size of the country’s economy than any other in the world.” According to LF Economics, we seized this dubious crown from the Danes in the last quarter. Denmark has been grinding away, […]

14:56

Why you are not selfish if you disconnect from the grid Renew Economy

Most people will stay on the grid if it is priced properly. Saying households should not pursue cheaper options is like asking them to forego emails for letters, camera film for digital photos, and mobiles for landlines. Technology marches on. And the networks will have no one to blame but themselves.

13:51

WA looks to solar-storage micro-grids to replace poles and wires after bushfires Renew Economy

Western Power may accelerate the roll-out of solar and battery storage micro-grids rather than replace poles and wires destroyed in recent bushfires.

13:34

Ecoult battery system trialled for grid support role in Ireland Renew Economy

Ecoult is taking its product to Europe for the first time, following its selection to be used in a trial to provide back-up services for electricity grid.

13:21

SunShot program seeks to lower solar-plus-storage costs to 14c/kWh Renew Economy

$18M in grants for six projects testing large-scale solar-grid integration, featuring a who’s-who of energy storage players

11:44

2015 shatters hottest year mark; 2016 hot on its heels? Renew Economy

It’s official: 2015 was the hottest year on record, beating out 2014 by the widest margin in 136 years of record keeping.

11:26

6 environment and development stories to watch in 2016 Renew Economy

2015 ended on high note with 195 nations joining together in establishing the Paris Agreement to limit global temperature rise to 1.5-2°C. So what now?

09:59

The Modigliani controversy – the break with Keynesian thinking Bill Mitchell – billy blog

I have been continuing the research for my next book (hopefully to be finished by May 2016) on the way in which the neo-liberals convinced policy makers including those in progressive social democratic political parties that the globalisation of finance and capital flows meant that the currency-issuing state was no longer capable of maintaining full employment through appropriate use of fiscal policies. The tenet we are entertaining is that the state never went away, it was just co-opted by capital to serve its interests. This will be a two-part blog and centres on a critical period in economic history in the mid-1970s, which marked the break with the full employment system which had moderated the excesses of capitalism. This was the period when the neo-liberal period dawned, and which steadily, opened the way for these excesses to reemerge, in all their indecent indulgence and destruction. It is also the period in which a series of economic myths crystallised into the mainstream narrative we know today, which opposes government deficits and allows unemployment to remain elevated at excessive levels. It is really important to understand what went on then because we are living with the legacy of the falsehoods introduced during this period.

This part of the story begins in 1977 with the publication of a academic article in the Italian journal Moneta e Credito by Franco Modigliani and Tommaso Padoa-Schioppa – La politica economica in una economia con salari indicizzati al 100% o più.

[Full Reference: Modigliani F. and Padoa-Schioppa, T. (1977) ‘La politica economica in una economia con salari indicizzati al 100% o più’, Moneta e Credito, 117, 3-53.

An extensive revision came out in English in 1978 – The Management of...

08:46

India energy minister says solar power now cheaper than coal Renew Economy

New solar auction in India produces a new record low, prompting the energy minister to say that solar power is now cheaper than coal.

00:15

Canada taking its time to consider TPP text AFTINET

While there has been talk that the official TPP signing ceremony will be held in the first week of February, reports suggest that Canada has not yet decided whether or not to participate.

It appears that Canada’s new Government is taking its time to consult with stakeholders and fully understand the contents and impacts of the deal before making any commitments. Read the Canadian Broadcasting Corporation article here.

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