Blogotariat

Yesterday I read the following lines on the Internet – unfortunately without an author’s reference: This has never happened before: a man who has not even been elected chancellor yet negotiates the biggest borrowing in the history of the Federal Republic of Germany with parties that lost the election, in a Bundestag that has long since been dissolved.

Former US President Joe Biden has offered to raise funds, campaign, and do whatever is needed to help Democrats regain ground lost to the Republicans during his tenure, NBC News reported on Friday, citing people familiar with the matter.

By Stephen Saunders  Major-party election-offerings are unsympathetic to ordinary voters. Coalition indolence (and overstated Trump fears) may well re-elect Labor or (heavens no) Labor-Greens. At MacroBusiness also The Australian, I’ve portrayed Election 2025 as a winning romp for the top 20% regardless of who becomes prime minister. Meaning, little improvement across crucial indicators such as

Russian President Vladimir Putin would breach a peace deal with Ukraine if it is not defended, Sir Keir Starmer has said, after attending a meeting of senior military leaders in London.

The UK prime minister said any agreement to stop the fighting between Russia and Ukraine would "only be lasting" if there were "security arrangements in place".

Quinbrook's David Scaysbrook says the falling cost of solar and battery storage represents a tipping point for the energy industry. Plus: Big battery tender, gas and hydrogen news.

This is so dumb or corrupt that I don’t know where to look. Sky. Shadow energy minister Susan McDonald has hit out at Labor over Australia’s looming gas crisis, declaring state and federal governments needed to “get out of the way” and allow more projects to proceed. …Speaking on Sky News Australia, shadow resources minister

The post Coalition rages about wrong gas problem appeared first on MacroBusiness.

Australians are hurting following an 8% decline in real per capita household disposable income since the Albanese government came into office. Australian households have suffered from an inexorable rises in gas and electricity prices. Australian renters have suffered from a near 50% rise in rents since the pandemic, driven mainly by the surge in net

The post Labor turns household loan shark appeared first on MacroBusiness.

China solar giant says the new 5MWh unit has been designed to withstand Australia’s “complex maritime climate" and adhere to stringent safety and noise regulations.

The Victorian government’s financial troubles are widely documented. In 2023-24, the state had the nation’s highest per capita net debt and the lowest credit rating (AA). The trend growth in Victoria’s debt is equally alarming. The two leading international rating agencies, S&P and Moody’s, warned that if debt levels are not managed, Victoria’s credit rating

The post Victoria is the bankruptcy capital of Australia appeared first on MacroBusiness.

Plunging cost of solar and battery storage is likely to save Australia's giant smelters and refineries, and will also underpin massive new green metal industries.

The spectacularly biased Peta Credlin wrote and a great piece about Labor energy failures yesterday. Quite apart from all the other problems that the Albanese government has created or exacerbated – the record migration-driven pressures on housing costs and supply, wage suppression and infrastructure overload; the productivity-crushing advances to union power; the green veto on

The post Peta Credlin is the energy superidiot appeared first on MacroBusiness.

Three months ago, I questioned why the population numbers contained in the Q3 ABS national accounts differed so widely from the official Q2 population figures released one week later by the ABS: That is, the Q3 national accounts implied 656,000 population growth for 2023–24, versus 552,000 growth in the official quarterly population data. That represented

The post ABS dazed and confused on population appeared first on MacroBusiness.