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Renew Economy Friday, March 22, 2024 - 09:12 Source

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Renew Economy Friday, March 22, 2024 - 09:01 Source
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MacroBusiness Friday, March 22, 2024 - 09:00 Source

Following the Federal Reserve meeting in the previous session, the USD and bond yields rebounded overnight with the Bank of England holding fire while the Swiss Central Bank put in a surprise rate cut. This increase currency volatility particularly with Euro while Wall Street was able to eke out a new high, although equity futures

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Friday, March 22, 2024 - 08:51 Source

THE WESTERN WORLD HAS BEEN IN THE CLUTCHES OF THE AMERICAN CONTROL SINCE AT LEAST 1917.

THE AMERICAN HEGEMONY EVOLVED FROM THE AMERICAN REVOLUTION OF 1776 REJECTION OF ENGLISH COLONIALISM, AND THROUGH MANY FLUCTUATIONS LIKE THE COLOURS ON A SOAP BUBBLE, AMERICA EVOLVED INTO A FULL-BLOWN CENTRIC MASTER OF THE WESTERN WORLD, LIKE AN ENGLISH COLONIALISM, WITH SOME NUANCES. 

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MacroBusiness Friday, March 22, 2024 - 08:28 Source

Rebar and SGX and bouncing still: Same in Dalian: The reasoning is very straightforward. MUFG: The rally in iron ore–the most China centric industrial commodity–from below USD100/MT, has stalled following investor’s laser focus on the challenges in China’s real estate sector that is hampering demand. The continued build in iron ore port stocks ultimately reflects

The post Sell iron ore with both hands appeared first on MacroBusiness.

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Renew Economy Friday, March 22, 2024 - 07:52 Source
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The Australian Independent Media Network Friday, March 22, 2024 - 07:44 Source

The heralded arrival of the Internet caused flutters of enthusiasm, streaks of heart-felt hope. Unregulated, and supposedly all powerful, an information medium never before seen on such scale could be used to liberate mind and spirit. With almost disconcerting reliability, humankind would coddle and fawn over a technology which would, as Langdon Winner writes, “bring…

The post Censors Celebrated: Misinformation and Disinformation Down Under appeared first on The AIM Network.

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The Australian Independent Media Network Friday, March 22, 2024 - 07:19 Source

By Bert Hetebry   The Religious Discrimination Bill, in draft form has been presented to open the way for consideration in the Parliament and Senate to ensure that those who choose to hate can do so legally. At least that is what is looks like to this citizen. Religious schools can discriminate when employing staff, ensuring…

The post Human Rights or the Right to Discriminate? appeared first on The AIM Network.

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Your Democracy Friday, March 22, 2024 - 05:58 Source

On March 17, the International Coalition to Stop Genocide in Palestine (ICSGP) held its first Global Call to Action as a webinar simultaneously translated into five languages. The goals of the meeting were to share ways that groups are working to build public support for an end to Israel’s genocidal acts, provide humanitarian aid to Palestinians and amplify the global anti-colonial, anti-imperial movement.

 

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Your Democracy Friday, March 22, 2024 - 05:41 Source

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Your Democracy Friday, March 22, 2024 - 05:16 Source

“What we are doing in Vietnam is using black people to kill yellow people so that white people can keep the land they stole from the red people [the American Indians].”

Dick Gregory Comedian, Social Activist, Writer : 1932 – 2017

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MacroBusiness Friday, March 22, 2024 - 00:10 Source

The latest dwelling approvals and new home sales data suggests that Australia will badly miss the Albanese government’s target to build 240,000 homes per year for five consecutive years. Only 163,000 homes were approved for construction in the year to January 2024, which is 77,000 below the government’s construction target. The reasons for the low

The post Builder insolvencies bankrupt Labor’s housing target appeared first on MacroBusiness.

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MacroBusiness Friday, March 22, 2024 - 00:05 Source

I never trade on unemployment reports. They are a craps shoot. Trend is what what matters. Westpac with the update. Overall, the February survey presented another murky read on the state of the labour market. Shifting seasonal dynamics continue to have a significant influence, making it difficult to gain a clear read on underlying conditions

The post Major bank despairs at ABS unemployment “murk” appeared first on MacroBusiness.

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Renew Economy Thursday, March 21, 2024 - 18:20 Source

Dugald river solar farm

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Renew Economy Thursday, March 21, 2024 - 18:13 Source
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MacroBusiness Thursday, March 21, 2024 - 16:30 Source

Asian share markets are in a very good mood after absorbing the overnight Federal Reserve meeting that saw the USD slump against the majors and keep equity risk afloat. Australian stocks got out of their funk while the Australian dollar is also looking boisterous despite the recent employment numbers, crossing back above the 65 handle.

The post Macro Afternoon appeared first on MacroBusiness.

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Cheeseburger Gothic Thursday, March 21, 2024 - 16:03 Source

Saw this on the hell site formerly known as Twitter. Confirmed by Canada’s military history magazine, Legion.

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Renew Economy Thursday, March 21, 2024 - 15:15 Source
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MacroBusiness Thursday, March 21, 2024 - 14:31 Source

By Belinda Allen, senior economist at CBA: Key Points: Employment rose by 116.5k in February as more people started and returned to jobs after leaving them in December and January. The unemployment rate fell to 3.7%. The monthly labour force figures have become even more volatile, challenging the interpretability. Volatility to the extreme We had

The post CBA: Volatility clouds strong employment data appeared first on MacroBusiness.

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Renew Economy Thursday, March 21, 2024 - 14:11 Source
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MacroBusiness Thursday, March 21, 2024 - 13:47 Source

If you are wondering why Australia is suffering its worst rental crisis in living memory, look no further than today’s official September quarter immigration data from the Australian Bureau of Statistics (ABS). Australia’s population surged by 660,000 people in the year to September 2023, driven by a record-high net overseas migration of 549,000: 145,200 net

The post This is why Australia has a rental crisis appeared first on MacroBusiness.

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MacroBusiness Thursday, March 21, 2024 - 13:00 Source

The 2024 Gallup World Happiness Report shows that across the Anglosphere – United States, Canada, Australia and New Zealand – happiness among younger cohorts is much lower than for the old, with these gaps emerging mostly since 2010. “In North America, Australia and New Zealand, life evaluations in 2021-2023 were lowest among the young”, the

The post Australia’s youth are rightfully angry appeared first on MacroBusiness.

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MacroBusiness Thursday, March 21, 2024 - 12:30 Source

Man, what is this guy doing in the ALP and, in of all places, the seat of Parramatta: Federal Labor MP Andrew Charlton has forked out $12m for a beachside ‘investment home’ to grow his real estate portfolio to around $42m. In a move that is likely to raise eyebrows given the current housing crisis

The post All hail property Lord Charlton appeared first on MacroBusiness.

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Your Democracy Thursday, March 21, 2024 - 12:24 Source

Germany will not let Russian President Vladimir Putin forcibly alter Ukraine’s borders or impose the terms of peace, Chancellor Olaf Scholz has vowed.

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Renew Economy Thursday, March 21, 2024 - 12:09 Source
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MacroBusiness Thursday, March 21, 2024 - 12:02 Source

Economists expected Australia’s unemployment rate to tick lower to 4.0% in February, giving back some of January’s heavy losses. However, nobody was expecting the unemployment rate to collapse by 0.4% to 3.7%, on the back of massive 116,000 jobs growth and a 0.11% decline in the participation rate: The underemployment rate also ticked lower by

The post Australian unemployment shocks economists appeared first on MacroBusiness.

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MacroBusiness Thursday, March 21, 2024 - 12:00 Source

Westpac’s Home Ownership Housing Pulse shows Australians still yearn to own a home, with buying intentions over the next five years rising markedly from 2019. However, affordability has become increasingly stretched by a “combination of high prices and interest rates,”  pushing the dream of home ownership further out of reach. The prospective flow of first

The post Australians still dream of home ownership appeared first on MacroBusiness.

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MacroBusiness Thursday, March 21, 2024 - 11:30 Source

Judo Bank Flash PMI. Flash Australia Composite PMI Output Index: 52.4 (Feb: 52.1), 11-month high Flash Australia Services PMI Business Activity Index: 53.5 (Feb: 53.1), 11-month high Flash Australia Manufacturing PMI Output Index: 45.4 (Feb: 45.2), 2-month high Flash Australia Manufacturing PMI: 46.8 (Feb: 47.8), 46-month low Australia’s private sector activity expansion was sustained in

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The Tally Room Thursday, March 21, 2024 - 10:30 Source

As has become a regular story, there was an uptick in voters choosing to vote using other methods than turning up at a regular polling place to vote at the last Tasmanian state election.

Tasmania’s voters have been less likely to switch away from election day voting than in most other jurisdictions, but the direction of travel is the same.

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MacroBusiness Thursday, March 21, 2024 - 10:30 Source

AEMO with the news. During Australia’s transition to a net zero emissions future, gas will continue to be used by Australian households, businesses and industry, and support the reliability and security of the electricity sector. The 2024 GSOO continues to forecast risks of shortfalls on extreme peak demand days from 2025 and the potential for

The post Reserve gas or commit treason appeared first on MacroBusiness.

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