Archives for Macro - Page 3
Storing large amounts of electricity for very long times is fundamental to increased uptake of intermittent renewable energy such as wind and solar, without resorting to backup such as natural gas. Energy storage has been widely used by power utilities for many years to help regulate the electricity supply. Its use…
Most people believe that hard work and aptitude lead to success, that is wealth and or fame. While these talents are no doubt required, the problem with this thought is that there are many, many hardworking capable people who do not succeed. The difference between the two groups is luck,…
In June Professor Peter Ridd was sacked by James Cook University, Queensland. His crime – telling the truth about the state of the Great Barrier Reef (“GBR”). The reason given was that he was guilty of “failing to act in a collegial way and in the academic spirit of the…
Last month Professor Peter Ridd was sacked by James Cook University, Queensland. His crime – telling the truth about the state of the Great Barrier Reef (“GBR”). The reason given was that he was guilty of “failing to act in a collegial way and in the academic spirit of the…
In Australia a schooner of beer (about 375ml) can cost anything up to $10 (USD8 at the time of writing), depending upon the location of the bar. Taxes, both direct and indirect, make Australian alcohol among the most expensive in the world. In the case of buying a beer at…
Australia’s last recession was in 1991. The Australian government believes that the long run of growth shows they are doing a great economic job and the country is in good shape. But looking a little deeper tells a somewhat different story. The state of the Australian economy is directly related to the…