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Your Democracy Thursday, November 20, 2025 - 21:30 Source

 

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Renew Economy Thursday, November 20, 2025 - 18:29 Source
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Renew Economy Thursday, November 20, 2025 - 18:24 Source
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Renew Economy Thursday, November 20, 2025 - 18:22 Source
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Cheeseburger Gothic Thursday, November 20, 2025 - 17:15 Source

The house was gloriously quiet and still today, allowing me to get back to World War 3.3. As I expected, I wasn’t able to spin up from nothing to seven hours of two-fisted manuscript punching. But I managed four hours of concentrated work, and I’m gonna take that as a win.

Mostly I worked at my desktop, but I got to one part of the chapter I’m working on at the moment (a little spoiler alert: Kim Philby and Guy Burgess tooling around the Outback, playing at saboteurs) and I thought, you know, now would be the time for these two to have a talk about everything going on in their lives.

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MacroBusiness Thursday, November 20, 2025 - 17:00 Source

Action in Japanese bond markets dominate risk taking across Asia with stock markets having mixed sessions after Wall Street stabilised overnight, with Japanese shares launching higher. The USD pulled back against most of the undollars after a big surge overnight on the release of the FOMC minutes which indicated the December rate cut may not

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Thursday, November 20, 2025 - 16:19 Source

Don Reynolds is a name forgotten to history, though he appears to hold a key to understanding who was behind the assassination of John F. Kennedy.

On November 22, 1963, the morning that Kennedy was killed, Reynolds was testifying in a closed-door session of the Senate Rules Committee about a kickback scheme he was involved in on behalf of Lyndon B. Johnson

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Renew Economy Thursday, November 20, 2025 - 14:44 Source
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Renew Economy Thursday, November 20, 2025 - 14:37 Source
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Renew Economy Thursday, November 20, 2025 - 14:36 Source
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Renew Economy Thursday, November 20, 2025 - 14:31 Source
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Your Democracy Thursday, November 20, 2025 - 14:11 Source

Two of the EU’s most powerful and controversial officials, European Commission President Ursula von der Leyen and the bloc’s Foreign Policy Chief Kaja Kallas, are struggling for control of the EU’s diplomacy and intelligence services in a confrontation “worthy of ‘Game of Thrones’,” the French newspaper Le Monde has reported, citing sources.

 

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Renew Economy Thursday, November 20, 2025 - 14:01 Source
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MacroBusiness Thursday, November 20, 2025 - 14:00 Source

Goldman has some whacky analysis of China today. October activity weakness not too alarming: China’s October economic data showed wide spread weakness, especially in property and investment. Most major indicators grew less than 5% year-on-year, and property new starts declined nearly 30% yoy. This downturn is partly due to technical factors, such as a high

The post Australia miraculously dodges China bullet appeared first on MacroBusiness.

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MacroBusiness Thursday, November 20, 2025 - 13:30 Source

All recent opinion polls show that Australian voters are fed up with excessive levels of immigration. People cite the impact on the housing market as a major concern. Recently, AMP chief economist forecast that Australia’s cumulative housing shortage is at least 200,000 and could be as much as 300,000. The latest projections from the National

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MacroBusiness Thursday, November 20, 2025 - 13:00 Source

The following chart from Alex Joiner from IFM Investors summarises how the billions of taxpayer dollars spent on energy subsidies have masked the rise in electricity costs: In 2024–25, households received up to $300 in rebates, and eligible small businesses up to $325, costing the federal budget $3.5 billion. In the May 2025 Budget, the

The post Labor hides energy policy failures appeared first on MacroBusiness.

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MacroBusiness Thursday, November 20, 2025 - 12:30 Source

It is maddening watching the Domain newspapers distort everything about property. Real estate agents will have to disclose a home’s reserve price well before buyers attend auctions under Australian-first laws aimed at tackling rampant property underquoting in Victoria. The fundamental change, to be announced by the Allan government on Thursday, follows this masthead’s Bidding Blind investigation, which

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MacroBusiness Thursday, November 20, 2025 - 12:05 Source

In this week’s podcast, join us as we examine why Australia’s stock market looks expensive compared to global peers — and whether the nation’s limited exposure to high-growth tech and AI could see it left behind once again. Join us when we go live at 12:30 AEDT! Click here to subscribe to our YouTube channel

The post MB Fund Podcast: Could NVIDIA’s report shake confidence in the AI boom? appeared first on MacroBusiness.

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MacroBusiness Thursday, November 20, 2025 - 12:00 Source

The ferrous complex reamins paralysed by the jaws. Goldman has some intelligence from the ground. Steel: steel demand is seen as reasonable to solid/stable, with ongoing weakness in property and infrastructure construction sectors being offset by strong demand from manufacturing, auto, shipbuilding, machinery and exports. All steel mills we had meetings with are seeing the

The post China shoots itself in the iron ore foot appeared first on MacroBusiness.

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MacroBusiness Thursday, November 20, 2025 - 11:30 Source

The Market Ear. NVDA performance Over the past eleven releases since ChatGPT launched, NVDA’s massive 10x rally hasn’t come from earnings-day pops: day-after and week-after moves have typically lagged, while the month before earnings has usually been the strong stretch. This quarter breaks that pattern, NVDA is flat heading into results, with recent earnings cycles showing weaker

The post Bear growl, chips howl appeared first on MacroBusiness.

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MacroBusiness Thursday, November 20, 2025 - 11:00 Source

Treasurer Jim Chalmers doesn’t know when to shut up. On Wednesday, the Australian Bureau of Statistics (ABS) posted wage price data for the September quarter of 2025, which showed that real inflation-adjusted wages fell by 0.5% over the quarter: The decline took Australian real wages back to mid-2011 levels, tracking 6.4% below the mid-2020 peak.

The post Jim Chalmers lathers lipstick on real wage pig appeared first on MacroBusiness.

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Renew Economy Thursday, November 20, 2025 - 10:31 Source
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MacroBusiness Thursday, November 20, 2025 - 10:30 Source

Federal energy and climate minister Chris Bowen touted South Australia’s world-leading renewables share in a final pitch to secure hosting rights for next year’s COP31 UN climate conference. Appearing at the COP30 climate conference in Belem, Brazil, on Tuesday, Bowen unveiled a report from the Clean Energy Investor Group (CEIG) boasting South Australia’s three-quarter share

The post Bowen pumps endless renewables propaganda appeared first on MacroBusiness.

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Renew Economy Thursday, November 20, 2025 - 10:29 Source

 Alcoa Australia).

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Renew Economy Thursday, November 20, 2025 - 10:17 Source
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MacroBusiness Thursday, November 20, 2025 - 10:00 Source

The RBA has been strong on the idea that a rebound in services wage growth is behind the recent bounce in headline inflation. It argues that without productivity, wage inflation must be pushing up prices in these areas. Yesterday’s Wage Price Index was unsupportive of the argument. The WPI was, as expected, stable at 3.4%.

The post Wage growth dump humiliates RBA appeared first on MacroBusiness.

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MacroBusiness Thursday, November 20, 2025 - 09:30 Source

Labor has missed so many opportunities to rid the nation of this economic millstone that I have no faith it is about to do so. Yet the gas cartel is weak, leaderless, and divided. Top gas executives will gather in Perth this week in a last-ditch attempt to shape the Albanese government’s overhaul of the

The post Rotten gas cartel ripe for slaughter appeared first on MacroBusiness.

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MacroBusiness Thursday, November 20, 2025 - 09:00 Source

Wall Street managed to escape a selloff overnight with the release of not so quite dovish FOMC minutes, but then the wobbles came through bond and currency markets as the Trump regime announced they weren’t releasing the October jobs print while the November print won’t be after the December Fed meeting. The USD went on

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Thursday, November 20, 2025 - 08:52 Source
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Your Democracy Thursday, November 20, 2025 - 08:21 Source

 

If you've ever walked past a newsstand, if you subscribe to Libération, if you listen to the radio, or if you have a TV, you know that in 2020, China employed 500,000 slaves in the cotton fields of Xinjiang (1).

The only proof lay in the sheer repetition of the information.

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