Huge 4 gigawatt hour battery – Australia’s biggest – seeks approval to soak up solar north of Sydney |
MacroBusiness
Monday, July 14, 2025 - 12:30
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Yawn. The Australian. Anthony Albanese and the nation’s biggest miners have made a joint effort to defend the nation’s $100bn iron ore trade with China, with billionaire Andrew Forrest warning that Australia faces an urgent race to fast-track a green metals industry or risk losing market share. The Prime Minister will put Australia’s iron ore trade The post Neither China nor Australia wants green steel appeared first on MacroBusiness. |
MacroBusiness
Monday, July 14, 2025 - 12:00
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As usual, everybody is asking the wrong question. AFR. The Trump administration’s undersecretary for policy, Elbridge Colby, is already leading a review into the AUKUS agreement between Australia, the US and the United Kingdom, and increasingly pushing for firmer commitments about how nuclear submarines would be used. Citing five sources, the Financial Times reported that Colby had asked Australia and The post Taiwan should defend Taiwan appeared first on MacroBusiness. |
MacroBusiness
Monday, July 14, 2025 - 11:30
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A small majority kept Labor’s China grovelling within acceptable bounds in its first term. But now, a big majority has unleashed a radicalised Albo who is spending his political capital on breaking ANZUS. Washington is not amused, and why would it be while we freeload on its defence capability and build up its archrival’s military? The post Radicalised Albo pushes ANZUS to breaking point appeared first on MacroBusiness. |
MacroBusiness
Monday, July 14, 2025 - 11:00
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When the sun set on 2023, Canada had one of the highest migration rates in the world, welcoming over 1.24 million new migrants over the calendar year, or 3.2% of the population. This left Canada ranked number 11 on the World Bank’s list of nations by population growth for 2023, sandwiched between various nations in The post Canada schools Australia on immigration and housing appeared first on MacroBusiness. |
MacroBusiness
Monday, July 14, 2025 - 10:30
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There is no end to Victoria’s disease when it comes to energy. Victoria is doing OK on its renewables rollout, though it has slowed recently. The problem is the price it will pay for it. Unlike other states, VIC and its capital, Megacity One, are gloomy places and will rely more on wind than sun. The post LNG imports are pure Victoria disease appeared first on MacroBusiness. |
MacroBusiness
Monday, July 14, 2025 - 10:00
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This economy is not growing at 5% in anybody’s mind except for the CCP’s and its menagerie of grovellers. Property is stuffed. Prices are still falling. Cars are doing better on the cash-for-clunkers. This was true of consumption more broadly, but much of that is over now after the vouchers were pulled. But exports are The post The Chinese economy is on life support appeared first on MacroBusiness. |
xkcd.com
Monday, July 14, 2025 - 10:00
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Cheeseburger Gothic
Monday, July 14, 2025 - 09:38
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I was having breakfast with a mate this morning who had just started watching Foundation on Apple TV, and I warned him that the first series was a bit ordinary but that he should stick with it because it got so much better in the later series. I don't know how we segued from that to Blade Runner but I think we were talking about unfilmable books. Rob told me something I’d never known. Blade Runner was not a title Ridley Scott came up with because the original Philip K Dick story, Do Androids Dream of Electric Sheep? would’ve been a box office disaster. |
The Tally Room
Monday, July 14, 2025 - 09:30
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This weekend’s Tasmanian state election is likely to be the last major election in 2025, barely halfway through the year, but that means the rest of this year will be redistribution season. Two federal redistributions, in Queensland and Tasmania, are set to resume later this month when Parliament returns. Federal redistributions in South Australia and the ACT are also due soon. I will return to this topic in the next few weeks. |
MacroBusiness
Monday, July 14, 2025 - 09:30
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Markets are so fun sometimes. Iron ore is in all sorts of trouble, but traders love to push a counter-trend rally. The latest MySteel data is still down as expected. Westpac sums it beautifully. Iron ore has been incredibly stable A good example of why to stay calm has been the relative lack of volatility The post Iron ore hands bears a gift appeared first on MacroBusiness. |
MacroBusiness
Monday, July 14, 2025 - 09:00
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Wall Street was unable to make another new record high as the Trump regime again pushed out more bully-boy letters (resplendent with spelling mistakes and ALL CAPS) to former allies and major trade partners, but saved the ink for the EU after markets closed on Friday night. Canada posted a very solid jobs report and The post Macro Morning appeared first on MacroBusiness. |
Your Democracy
Monday, July 14, 2025 - 08:50
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Ukraine will receive its first batch of long-range missiles financed by Germany by the end of July, a top German general has said, acknowledging that Kiev’s battlefield situation is deteriorating. In an interview with ZDF, Major General Christian Freuding, who oversees the coordination of Berlin’s military support for Kiev, said Germany is “ready to make these weapons systems available.” |
Your Democracy
Monday, July 14, 2025 - 06:41
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Western nations’ hegemonic aspirations and dismissal of Russia’s security concerns have led to the ongoing standoff between Moscow and the West, President Vladimir Putin said in an interview released on Sunday. Ideological differences are only a pretext to advance the West’s geopolitical interests, he claimed. Putin added that he expected the collapse of the USSR to alleviate tensions between Russia and the West. |
Your Democracy
Monday, July 14, 2025 - 05:55
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On July 6, BRICS member states signed the Joint Declaration of the 17th BRICS Summit, “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance”, in Rio de Janeiro. |
Your Democracy
Monday, July 14, 2025 - 04:44
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US President Donald Trump has pushed back against claims of a cover-up in the Jeffrey Epstein case, defending his administration’s handling of the release of files related to the disgraced financier and convicted sex offender’s death in jail. |
Renew Economy
Sunday, July 13, 2025 - 15:32
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John Quiggin
Sunday, July 13, 2025 - 11:14
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I can’t be bothered engaging with people who use “woke” as a pejorative, or similar Trumpist rhetoric. I’ve therefore banned a couple of commentators (Jack Strocchi and Svante) who persisted in using it, despite warnings. There are plenty of other places where they can bloviate if they choose. Anyone offended by my decision on this is welcome to a full refund on the way out. |
Your Democracy
Sunday, July 13, 2025 - 08:21
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On June 22, 2025, South Korean presidential spokesperson Kang Yu-jung announced that President Lee Jae-myung would not be participating in the NATO summit scheduled for June 24–25 in The Hague. She referred to domestic priorities and the escalating uncertainty in the Middle East as reasons for the decision. Why Lee Jae-myung Did Not Attend the NATO Summit Konstantin Asmolov
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MacroBusiness
Sunday, July 13, 2025 - 08:03
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DXY is trying to rally as EUR falls. AUD is doing OK, but I am increasingly concerned it will top out here. That said, the big short is relentless support. Lead boots have stalled. Gold a bit better. BTC has broken out. Metal flamed out. The big mining bear has room to rally and remain The post Australian dollar sell signal as tariffs return appeared first on MacroBusiness. |
MacroBusiness
Sunday, July 13, 2025 - 07:40
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Everything old is new again in Australia’s parasitic media. Nothing more so than house prices as we head into another monetary policy easing cycle. The media, which largely relies on real estate revenues to exist, loves to pretend to care. These days, ABC is dedicated entirely to pretence. This small gathering of homeowners and politicians The post Pretending to care about house prices is new again appeared first on MacroBusiness. |
Your Democracy
Sunday, July 13, 2025 - 07:25
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CALL AGAINST WAREuropean leaders are preparing for war. A vast rearmament program is underway. And it is the working class they will ask to pay the price for their weapons and their wars, through taxes, cuts to our social benefits, a decline in our living standards, and our blood and sweat.The order established after World War II is disintegrating—politically, financially, and militarily.
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Your Democracy
Sunday, July 13, 2025 - 06:34
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As summer warms Istanbul's waters, the megacity's authorities are having to battle a noxious algal bloom dubbed "sea snot". |
Your Democracy
Sunday, July 13, 2025 - 05:55
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Chinese Foreign Minister Wang Yi told his Russian counterpart on 10 July that Beijing and Moscow should strengthen strategic coordination to promote peace in West Asia. |
MacroBusiness
Saturday, July 12, 2025 - 18:54
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If you are curious about the differences in methodology between myself and the usual auction data providers, there is an explanation down the page. This weeks result brought something of a rare result to the Sydney and Melbourne auction markets. The headline sold to listed clearance rate in Sydney eclipsed that of Melbourne, with The post Sydney booms ahead as Melbourne falls behind appeared first on MacroBusiness. |
THE BLOT REPORT
Saturday, July 12, 2025 - 17:32
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Quite often online when someone is amazed or annoyed by something (quite often an incidence of MAGA stupidity or bastardry), they will use the exclamation ‘JFC!’, short for ‘Jesus F*****g Christ’. I have been known to use a similar one; ‘JHC!’ or with increased exasperation requiring more emphasis, ‘Jesus H. Christ’, or with a tinge of disgust at my inability, for example, to pot a sitter at our weekly snooker game, ‘Jesus H. Christ on a bike’. |
George Monbiot
Saturday, July 12, 2025 - 16:57
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How “humour” opens the door to far right politics. By George Monbiot, published in the Guardian 10th July 2025 |
Renew Economy
Saturday, July 12, 2025 - 09:41
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Your Democracy
Saturday, July 12, 2025 - 07:45
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Membership of the Chinese Communist Party has just exceeded 100 million. It has long been the largest political party in world history. When Prime Minister Albanese meets President Xi Jinping, he is not only meeting the head of the second largest economy in the world in nominal dollars, and by far the largest in purchasing power parity terms, but also the head of the biggest political party the world has ever seen. This matters.
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Your Democracy
Saturday, July 12, 2025 - 07:38
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Western Europe is “losing” the economic competition with its main rivals, China and the US, and is struggling with a shortage of globally competitive companies, JPMorgan Chase CEO Jamie Dimon has said. Since 2022, when the EU imposed sweeping sanctions on Russian energy over the Ukraine conflict, growth across the bloc has stagnated. Germany, once its economic powerhouse, is now experiencing its third year of economic downturn.
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