Australia's Reserve Bank has endorsed a warning that unless international climate policies are made drastically more ambitious, the disruption under the trajectory of climate change will cause global GDP to fall by 25 per cent by 2100.
Children play in the Krugloe Lake outside the Arctic town of Verkhoyansk, about 4660 kilometres north of Moscow where the temperature hit 38 degrees this week.
Representatives for power suppliers, the heaviest-polluting Australian industry, on Thursday threw their support behind a nationwide target for "net zero" emissions by 2050.
Source: Financial Digest (financialdigest.net)
micksfoley NickToscano1 And how much will it fall by when we no longer have a viable planet?
micksfoley NickToscano1 Bloody experts! What would they know! Lots of people on Twitter and Facebook know far more about subjects they have never studied than these experts who do this for a living. Just wait for all the tweets in 3..... 2..... 1........
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Australia's AAA rating reflective of the poor state of the global economy | Sky News AustraliaAustralia's debt levels are far lower than those in other countries which makes the reaffirmation of the nation's AAA credit rating unsurprising according to The Australian's Adam Creighton.\n\nMoody's Investor Services, has reaffirmed Australia's prized AAA credit rating despite a predicted economic recession triggered by the coronavirus pandemic.\n\nThe ratings agency has maintained a stable outlook for the economy but revealed they expect Australia's real GDP to fall by around five per cent in 2020.\n\n“The outlook for the global economy is a lot worse than it was three months ago,” Mr Creighton told Sky News host Peta Credlin. \n\nWhile the economic state of Australia has improved slightly, the AAA rating is indicative of the poor state of the global economy.\n\n “It’s kind of a case where in the land of the blind, the one eyed man is King”.\n\nImage: Getty Adam_Creighton I really don’t understand their rationale. We have been in far better fiscal positions and our rating has been threatened but now in very bad circumstances we are AAA? Adam_Creighton So, following Adam’s hypothesis, if the rating agencies thought home mortgage debt wrap structures were a a AAA great idea 1 day before the collapse of Lehmann Brothers he would agree with them? True story. Adam_Creighton fake news
Source: SkyNewsAust - 🏆 7. / 78 Read more »
IMF forecasts deeper global downturn, rising COVID-19 cases spook investorsGlobal stock markets tumble, with the Dow Jones losing 710 points, oil prices slump amid rising coronavirus cases and fears of further lockdowns in the US.
Source: abcnews - 🏆 5. / 83 Read more »
Signs of a global recovery are encouraging, but don't pop the champagne yetSurveys of economic activity in the US, Europe and Australia are showing signs of a rebound in the world economy. But they could be deceptive | Stephen Bartholomeusz
Source: smh - 🏆 6. / 80 Read more »
Global stock markets rise as economic activity improvesOn Wall Street, the Nasdaq hits another record high, while data out of the US and Europe show the fall in manufacturing and services activity has slowed. False hopes nothing to do with the real world outside Have your tweeted any articles on Dyson Hayden? Is anyone asking why there is no criminal investigation? 'improves' is a very vague way of saying: 'We're slightly less fucked each day, but we'll still be fucked for the next 3 years'
Source: abcnews - 🏆 5. / 83 Read more »
Australians' trust in China plummets amid 'gloomy' global sentimentAustralians' attitudes towards China are hardening, according to a wide-ranging poll that points to plummeting trust in China and its President Xi Jinping. one word fChina I don’t like state capitalism as much as the next person, but this is no time to spread racism. Yeah... kinda sucks when they own everything needed and its finally not considered racist to be real about that fact. Only seemed to matter when it wasn't critical and the peeps defending it not knowing that is what it was leading to.
Source: abcnews - 🏆 5. / 83 Read more »
Public school students 2.5 times more likely to be without home internetFive per cent of public school students would have been without home internet access during the pandemic, compared to 2 per cent of Catholic and independent school students | natassiazc natassiazc It must be nearly impossible for young school kids to learn from home (even with internet access) when they live in dysfunctional households. I'm not sure why this would be surprising to anyone. Its not hard to imagine the various circumstances that contribute to deprivation. natassiazc lol in 2016 - why not go back to 2000. natassiazc Also have you compare the distribution (spread)? Is it within margin of error? Journos quality these days...sheesh....
Source: smh - 🏆 6. / 80 Read more »