Blogotariat

First Nations-backed wind and solar project joins EPBC queue, proposing to build one of Australia's biggest hybrid renewables projects, in the Pilbara.

A Melbourne company is recruiting Australians to work on a mysterious Israeli and American-backed aid project in Gaza. Could it be the infamous Gaza Humanitarian Foundation? Yaakov Aharon reports.

An ad posted by Claymore Personnel – named after an anti-personnel landmine – promises that successful candidates will “be looked after.”

As we know, VIC is the worst-run state in Australia. This is strange given that there is no native industry left to drain talent from the government. But it is what it is. Lowest income growth. Highest debt. And unemployment. Worst business conditions. And, you guessed it, absurd population growth. But don’t get cocky, because

The post Victoria disease spreads like wildfire appeared first on MacroBusiness.

Judging by the PMIs, the notion that China is growing at 5% is preposterous. Industry is still shrinking. New orders managed to flop into the positive locally, but are exports are dropping. Services are slightly better but barely moving. With new orders going backwards. Construction is doing a bit better, but is not convincing, either.

The post Chinese economy sinks a bit slower appeared first on MacroBusiness.

On Monday, former Realestate.com.au Director of Economic Research and now independent property analyst Cameron Kusher posted on X (Twitter) that in his view the family home should be included in the pension assets test and that rather than older demographics being provided with additional incentives to downsize, “it’s time for the sticks rather than carrots”.

The post Boomers and the great stamp duty battle appeared first on MacroBusiness.

Wind turbine blade has fallen off the back of a truck trailer, closing portions of a busy highway in both directions and causing traffic chaos.

For a while there, wage theft disappeared or diminished. Thanks to the demand for labour with the immigration scam shut down during COVID, workers were too scarce to treat them badly. But with the return of the mass-immigration-led economic model, wage theft is back. Fair Work is investigating Merivale following fresh claims the hospitality giant

The post The return of wage theft appeared first on MacroBusiness.

DXY is falling, while Chinese PMIs are improving, but iron ore is moribund. Steel demand and production are both falling at the expected 2-3% rate. Canberra has finally discovered the Pilbara killer, via the Office of the Chief Economist: And downgraded prices accordingly. The outlook for world steel production has softened due to increased trade

The post Iron ore struggles to the cliff appeared first on MacroBusiness.

DXY is breaking down. The unusually subdued AUD rally continues. Lead boots plodding along. Gold shaky, signalling DXY last leg down? Metals flamed out. The big bear rolls on. EM yawn. Junk leading the rally is bullish. Yields still easing. Stocks only go up. In my view, this is the last leg down for DXY,

The post Australian dollar takes the long way to the moon appeared first on MacroBusiness.

Methinks that Allan Patience is naive and over-optimistic… He gives the game away when he writes:

“He is an Australian version of America’s Pete Buttigieg”. Oh boy! Pete Buttigieg was as efficient a Transport Supremo as a dead toad can be used for a road-block. We had high hopes about Pete, but we soon discovered he could not run an outback dunny tipping plate, as customers went for the bushes.

Ben was joined by Tasmanian political observer Mike Lester to look at the state of the campaign and the announcement of candidates for the Tasmanian state election. We particularly look into the Tasmanian Nationals and the shadow-boxing around who takes the blame for the calling of the election and who has the best prospect of forming a majority government.

Chris Bowen has unveiled a review of Australian gas market regulations, which he says will make sure the energy sources is made more available to users.