Blogotariat

On Thursday, Prime Minister Anthony Albanese unveiled Labor’s long-awaited 2035 climate targets, which promise to reduce emissions by more than 62% and up to 70%. The promise expands on Australia’s existing 2030 target to reduce emissions by 43% from 2005 levels. The Paris Agreement, reached a decade ago, requires nations to lift their carbon reduction

The post Australia sacrifices self on climate altar appeared first on MacroBusiness.

Below is another excellent guest post from MB reader Erin Rolandsen, CEO of Angelassist: Cybernetics pioneer Stafford Beer once said: “The purpose of a system is what it does.” If that is true, what, then, do we make of Australia’s systems? Everywhere we look, the systems designed to solve problems instead perpetuate them. We have

The post Our Systems Work Exactly as Designed—Just Not For Us appeared first on MacroBusiness.

This year marks the 80th anniversary of the signing of the UN Charter. During these eight decades, much has been accomplished that calls for celebration. Yet, there is no denying that the United Nations is facing perhaps the greatest crisis of its 80-year history.

Joseph Camilleri

Ukrainian leader Vladimir Zelensky has no intention of ending the hostilities with Russia, while ordinary people pay the price, Verkhovna Rada MP Georgy Mazurashu has said.

Mazurashu said Zelensky outlined his position at a meeting with members of his Servant of the People party on Tuesday, a stance the MP claimed is widely shared by the Ukrainian leader’s inner circle.

Electrotech - low cost and highly efficient solar, wind, EVs, batteries and digital technology - is causing a fundamental rethink of global energy systems.

The Murdoch media, or Newscorpse as it is sometimes called, is notorious for lying to its readers and listeners, as I have demonstrated many times. Some examples are given in the sources below of bald-faced lies, lies by omission, complete inventions, spin and assorted other drivel1-30.

The organisation also is about denialism. It denies climate change31-39, Covid-1940-44,

Pretending that unpleasant facts do not exist, or don’t matter, is not going to make the problem go away.

Newlyn, Victoria     AUD/USD     EUR/USD     GBP/USD     USD/JPY     Gold     WTI     Brent     Australia 200     US S&P 500     UK 100     Japan 225  

The post Macro Afternoon: 18 September 225 appeared first on MacroBusiness.

Australia is wealthy and capable and endowed with extraordinary renewable resources and tech know-how. It should be doing a lot better than this.

Australia needs to embrace "China Speed, China Scale" thinking and deploy capital at speed and scale to seize the massive opportunitie

Iron is hovering in some restocking episode. Long steel products enjoyed a hoped-for infrastructure stimmies bounce. Flat keeps easing. CISA output rebounded in the first ten days of September. Mills are overproducing, with inventories up 5% in the period. More price falls ahead. Meanwhile, Chinese property will never bottom! Primary prices are down with too

The post Chinese property sinks into bottomless abyss appeared first on MacroBusiness.

The only thing that may have prompted the Reserve Bank of Australia (RBA) to cut rates at its next monetary policy meeting is a sharp deterioration in the labour market. Alas, Thursday’s official labour force survey for August from the Australian Bureau of Statistics (ABS) extinguished any hope of a rate cut, with the unemployment

The post Jobs data slams door on RBA rate cut appeared first on MacroBusiness.