Blogotariat

Because the last batch just two years ago worked so well, at Politico: In public, President Donald Trump and top White House officials keep extolling the strength of the U.S. economy. In private, they’re increasingly worrying about a global economic slowdown triggering a U.S. recession — and weighing options to shore up the economy ahead

The post Trump prepares more tax cuts appeared first on MacroBusiness.

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Via AFR today: In late February Peter Coates, Glencore’s non-executive director, appeared at an event in Sydney to make a rare intervention from a mining leader — a full-throated defence of the coal industry, whose very existence is under threat because of its role in global warming. …Six months later, the industry decided to take

The post Carbon capture won’t save coal appeared first on MacroBusiness.

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More from Kate Griffiths and Danielle Wood at the Grattan Institute. Via the ABC: Each generation of Australians has enjoyed a better standard of living than the one that came before it. But today’s young Australians are in danger of falling behind. A new Grattan Institute report, Generation gap: ensuring a fair go for younger Australians, reveals

The post “Generational bargain is at breaking point” appeared first on MacroBusiness.

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Via the ABC: The percentage of Australians with basic hospital cover has dropped to its lowest level in more than a decade, as almost 30,000 people dumped their policies in just three months. The latest Australian Prudential Regulation Authority (APRA) data shows health premiums are still rising faster than wages, and out-of-pocket costs are continuing

The post Health insurance doom loop accelerates appeared first on MacroBusiness.

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Via Westpac: • The six month annualised growth rate in the Westpac– Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose from –0.09% in June to +0.05% in July. This is first above trend read since November last year. Further confirmation

The post Westpac leading index eases up appeared first on MacroBusiness.

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It’s not often that the people get their revenge in this god forsaken land but today they did, at News: George Pell has lost his bid for freedom with his appeal against child sex convictions dismissed in court this morning. By a majority of two to one, Victoria’s Supreme Court dismissed the appeal ordering Pell

The post Paedo Pell thrown back into clink appeared first on MacroBusiness.

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You’ve got to love the propagandists at the Property Council of Australia (PCA). After the co-author of the Shergold-Weir report into Australia’s building industry stated that she “wouldn’t buy a new apartment” on Monday’s Four Corners investigation, the chief executive of the PCA dismissed that there is a crisis, instead claiming that Australia’s building standards

The post Property Council polishes high-rise apartment crisis turd appeared first on MacroBusiness.

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Via Bill Evans at Westpac: The minutes of the Reserve Bank Board meeting for August have provided one significant surprise. In both the Governor’s decision statement following the meeting and the Statement on Monetary Policy( similar version), the conclusion included “the Board would continue to monitor developments in the labour market closely and adjust monetary

The post Bill Evans: Next rate cut in October appeared first on MacroBusiness.

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Via The Australian: A confidential submission to the party’s post-election review from the Labor Environment ­Action Network, obtained by The Australian, expresses “anger and disappointment”, and also “grief”, over the party’s failure to win what was expected to be an unlosable election. The submission is brutal about policy, political and leadership failures. “Labor was unable

The post Labor still confused as hell about why it lost appeared first on MacroBusiness.

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Texture from Reuters: “Despite the steel production restrictions in China, I think demand for iron ore, particularly for high-grade materials, is still at a healthy level,” the trader said. While the U.S.-Sino trade dispute has dampened global economic growth, it has not yet affected Chinese demand for BHP Group’s iron ore, Chief Executive Andrew Mackenzie

The post Daily iron ore price update (downside break) appeared first on MacroBusiness.

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The gap between male and female superannuation savings have once again been labelled one of Australia’s greatest inequalities: Almost three out of four “Millennial” women – those born between 1980 and 2000 – told a survey of 1000 people the super system was not designed to support women. Only 25 per cent of women this

The post Superannuation is failing lower income earners appeared first on MacroBusiness.

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From Communist Party of China’s foreign ministry late yesterday: “It is totally understandable and reasonable for Chinese students and other Chinese citizens overseas to express indignation and opposition against such words and deeds that attempt to separate China and smear its image’” “Second, we also hope overseas Chinese can express their patriotism and protect themselves from

The post Are Chinese international students morphing into insurgents? appeared first on MacroBusiness.

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Global Macro / Markets / Investing: Now Earning 278 Times More Than Average Worker, New Study Shows CEO Pay Has Grown More Than 1,000% Since 1978 – Rapid Rationale Recession risks rising. But do central banks have any tools? – CS Monitor Energy Cost of Energy: Fossil fuels won’t maintain conventional economic prosperity – Surplus

The post Links 21 August 2019 appeared first on MacroBusiness.

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