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Renew Economy Friday, December 1, 2023 - 11:30 Source

Energy Insiders podcast

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MacroBusiness Friday, December 1, 2023 - 11:20 Source

Except for Alboflated Australia, of course, where falling living standards will include lower wage growth, rising unemployment. persistent inflation, and endless per capita recession! In the US it’s shaping up—Deutsche with the note. Early Fed cuts under a soft landing? Yesterday, Governor Waller indicated that, in line with typical policy rules, it could be reasonable

The post 2024 the year of interest rate cuts appeared first on MacroBusiness.

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MacroBusiness Friday, December 1, 2023 - 11:17 Source

DXY rebounded: AUD fell: Whole crap complex fell. CNY: Oil and gold: Dirt: Miners: EM: Junk: Yields bounced: Stocks down: Credit Agricole was some thoughts: Goldilocks trading conditions buoyed investor sentiment in Asia. US GDP growth surprised to the upside but still showed slowing consumer spending growth. The Fed’s Beige Book pointed to slowing growth

The post Australian dollar whiplashed by greenback reversal appeared first on MacroBusiness.

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MacroBusiness Friday, December 1, 2023 - 11:00 Source

The Victorian parliament has released its report into “The rental and housing affordability crisis in Victoria”, which explicitly states that the ramp-up in the state’s population growth from the mid-2000s has caused a persistent housing shortage. Below are key extracts. Migration is a significant contributor to Victorian population growth. Table 2.1 summarises population movement both

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xkcd.com Friday, December 1, 2023 - 11:00 Source

Now that airlines have started adding wheel locks to their drink carts, less than half of flights have one accidentally fall out through the hole.

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The Australian Independent Media Network Friday, December 1, 2023 - 10:38 Source

“‘He’ll have ye smilin’,” an old Irish saying goes, “while he takes the gold out of your teeth’.” Charles Glass, London Review of Books, Oct 20, 2022. The obituaries of criminals, masterful or otherwise, are always going to be sordid matters. Either one has time for the deeds, giving column space to their execution and…

The post Henry Kissinger: Snake Oil Salesman of Gangster Realism appeared first on The AIM Network.

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MacroBusiness Friday, December 1, 2023 - 10:30 Source

Release the pork! Labor has backflipped on a decision to put the Sunshine Coast rail extension on ice following pressure from Queensland deputy premier Steven Miles. Infrastructure Minister Catherine King guaranteed federal funding for the project just weeks after saying there was no assurance or confidence in the costs of the project which were already

The post Albo the Disaster frees the pork appeared first on MacroBusiness.

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Cheeseburger Gothic Friday, December 1, 2023 - 10:26 Source

Via JT on the Book of Face.

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MacroBusiness Friday, December 1, 2023 - 10:00 Source

The previous decade saw an unprecedented number of apartments built across Australia’s capital cities: The boom in high-rise construction brought with it a swag of quality problems, including flammable cladding, cracking, water leaks, and balcony defects. These defects have left owners deeply out of pocket, as well as cost taxpayers millions in rectification costs. Building

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The Australian Independent Media Network Friday, December 1, 2023 - 10:00 Source

Productivity Commission Media Release The Productivity Commission has proposed an overhaul of the system that determines which charities can receive tax-deductible donations. This is part of a package of reforms proposed in the draft report of their philanthropy inquiry. “Australia is a generous nation. We donated more than $13 billion to charities in 2021 and…

The post Building the future foundations for giving in Australia appeared first on The AIM Network.

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MacroBusiness Friday, December 1, 2023 - 09:40 Source

Bloomie, with a factual report on Chinese property, it can’t stuff up. The value of new home sales among the 100 biggest real estate companies fell 29.6% from a year earlier to 390.19 billion yuan ($54.6 billion), according to preliminary data from China Real Estate Information Corp. on Thursday. That follows a 27.5% decline in October. Sales

The post Chinese property falls keep on keeping on appeared first on MacroBusiness.

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MacroBusiness Friday, December 1, 2023 - 09:20 Source

It is possible to argue that Albo the Disaster doomed his first term in its first week. I contacted the new government directly that week and told them to get off their arse and apply export levies to the gas cartel, or they would pay. They did nothing but make excuses for the cartel and

The post European inflation crash humiliates pricey Australia appeared first on MacroBusiness.

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MacroBusiness Friday, December 1, 2023 - 09:00 Source

Bond yields rebounded overnight as the USD firmed strongly against the currency majors, leaving to wobbly returns on Wall Street despite a decline in PCE inflation numbers. The Australian dollar pulled back to almost breach the 66 level while Euro fell sharply, helping European bourses. US bond markets saw bounces off monthly lows with 10

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Friday, December 1, 2023 - 07:53 Source

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Renew Economy Friday, December 1, 2023 - 06:53 Source

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MacroBusiness Friday, December 1, 2023 - 00:05 Source

The Albanese government’s target to build 1.2 million homes over five years, equating to 240,000 homes a year, is drifting further out of reach. After only 170,000 net dwellings were added to Australia’s housing stock in 2022-23, the Australian Bureau of Statistics (ABS) reported that only 164,300 homes were approved for construction in the year

The post Albo drives Australians deeper into housing poverty appeared first on MacroBusiness.

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Your Democracy Thursday, November 30, 2023 - 21:49 Source

Dwindling public attention to the Ukraine conflict will be “fatal,”German Foreign Minister Annalena Baerbock has said, in the run-up to a key NATO meeting in Brussels on Wednesday.

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Your Democracy Thursday, November 30, 2023 - 21:22 Source

Anyone who tries to pressure X (formerly Twitter) through advertising can “go f**k yourself,” the platform’s owner, tech billionaire Elon Musk, said on Wednesday.

New York Times columnist Andrew Ross Sorkin asked Musk at the DealBook Summit on Wednesday whether his recent trip to Israel was “an apology tour” prompted by allegations of anti-Semitism on X that caused many major advertisers to ditch the platform.

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Your Democracy Thursday, November 30, 2023 - 21:14 Source

Say what you want about Napoleon Bonaparte, but there’s no denying that he was an absolute alpha who can still blow a beret right off the head of a Frenchman. The kind that sorely lacks nowadays in Western leadership roles. Which would explain why a new poll, released just as a Ridley Scott-directed biopic about him hits theatres, has found that 74 percent of French view his actions positively. 

 

BY Rachel Marsden

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Your Democracy Thursday, November 30, 2023 - 21:07 Source

The German opposition has questioned Olaf Scholz’s competence as chancellor and urged him to resign, citing his inability to address crucial economic problems.

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Renew Economy Thursday, November 30, 2023 - 18:43 Source

WA energy minister Labor Bill Johnston - optimised - AIE

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The Australian Independent Media Network Thursday, November 30, 2023 - 16:05 Source

Australian Council of Social Service (ACOSS) Media Release ACOSS welcomes the House of Representatives Select Committee recommendations released today which, if implemented, would transform employment services for the better. ACOSS Acting CEO Edwina MacDonald said: ‘’We urge the Federal Government to commit to the reforms recommended by this inquiry that would shift it from a…

The post ACOSS urges root and branch employment services overhaul appeared first on The AIM Network.

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MacroBusiness Thursday, November 30, 2023 - 16:00 Source

Asian share markets are doing a better job in finishing the trading week with mostly positive returns as the USD strength eases off slightly. The latest Chinese PMI readings missed estimates while locally both the Aussie and Kiwi Dollar are doing well. Oil prices are trying to stabilise with Brent crude still hovering just below

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, November 30, 2023 - 15:09 Source

CC0 Public Domain Free for personal and commercial use No attribution required

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Renew Economy Thursday, November 30, 2023 - 15:08 Source

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Renew Economy Thursday, November 30, 2023 - 14:42 Source

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Renew Economy Thursday, November 30, 2023 - 14:41 Source

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Renew Economy Thursday, November 30, 2023 - 14:39 Source

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Renew Economy Thursday, November 30, 2023 - 14:38 Source

CSIRO_ScienceImage_9227_Eraring_Power_Station

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Renew Economy Thursday, November 30, 2023 - 13:55 Source

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