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Your Democracy Saturday, May 18, 2024 - 14:34 Source

NATO will stand up for the rights of LGBTQ people, Secretary General Jens Stoltenberg declared on Friday.

He was among hundreds of Western public officials, institutions and organizations to make a statement affirming the International Day Against Homophobia, Biphobia and Transphobia (IDAHOBIT).

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The Australian Independent Media Network Saturday, May 18, 2024 - 13:56 Source

Things are looking dire for the Ukrainian war effort. Promises of victory are becoming even hollower than they were last summer, when US President Joe Biden could state with breathtaking obliviousness that Russia had “already lost the war.” The worst offender in this regard remains the United States, which has been the most vocal proponent…

The post Promising the Impossible: Blinken’s Out of Tune Performance in Kyiv appeared first on The AIM Network.

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Your Democracy Saturday, May 18, 2024 - 10:47 Source

Wearing a dapper checked suit and gold tie and looking much older than his 35 years, Dylan Howard rests his pudgy right hand on the presidential desk in the Oval Office as he and President Donald Trump beam for the camera.

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New Politics Saturday, May 18, 2024 - 07:50 Source

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Renew Economy Saturday, May 18, 2024 - 07:42 Source
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Your Democracy Saturday, May 18, 2024 - 07:38 Source

The United States and its Western allies appear to be mounting a hostile media campaign against the Indian government of Narendra Modi.

Sensational media accusations of India running an assassination program against expatriate dissidents and spying operations in Western countries have gathered pace recently, leading to acrimonious relations.

 

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MacroBusiness Saturday, May 18, 2024 - 00:05 Source

International Reads: The salary you need to be considered middle class in every U.S. state—it’s close to $200,000 in 2 of them – CNBC Billionaire investor Ray Dalio warns U.S. is ‘on the brink’ and estimates a more than one in three chance of civil war – Fortune Trump pledges to scrap offshore wind projects

The post Weekend Reading and Media Appearances appeared first on MacroBusiness.

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Renew Economy Friday, May 17, 2024 - 16:23 Source
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MacroBusiness Friday, May 17, 2024 - 16:00 Source

A mixed reaction to the slip on Wall Street overnight across Asian stock markets with local stocks losing their risk on mood the most, while Chinese shares are sanguine after the latest fixed asset investment numbers were released. The USD is still coming back against the majors, particularly against Yen while the Australian dollar is

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, May 17, 2024 - 15:23 Source
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Renew Economy Friday, May 17, 2024 - 14:56 Source
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Renew Economy Friday, May 17, 2024 - 14:55 Source
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Renew Economy Friday, May 17, 2024 - 14:51 Source
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The Australian Independent Media Network Friday, May 17, 2024 - 14:30 Source

Solutions for Climate Australia Media Release National advocacy group Solutions for Climate Australia called out Opposition Leader Peter Dutton for not making a single mention of climate change in his Budget in Reply. “Climate change poses a great threat to Australia’s way of life,” said Dr Barry Traill, Director of Solutions for Climate Australia. “The…

The post Opposition Budget in Reply: Peter Dutton has no plan on climate change appeared first on The AIM Network.

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MacroBusiness Friday, May 17, 2024 - 14:00 Source

Billionaire Meriton founder Harry Triguboff has warned that he will develop fewer apartments because selling them will be difficult due to high interest rates. “It is harder to sell apartments now than ever before”, Triguboff said. “The market for selling is definitely not rising…and it won’t rise much until we drop our interest rates”. “Of course,

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MacroBusiness Friday, May 17, 2024 - 13:30 Source

I have noted repeatedly how Canada represents an omen of what could happen to the Australian economy if we continue running an extreme immigration policy. Canada officially recorded its largest-ever increase in population in 2023, with 1.27 million residents added, 98% of whom came from net overseas migration: Like Australia, Canada’s extreme immigration has kept

The post Canada’s leads Australia into mass unemployment appeared first on MacroBusiness.

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MacroBusiness Friday, May 17, 2024 - 13:00 Source

This is painful to watch. While it negotiates a contract to acquire gas imports, Venice Energy has reached out to Asian developer Atlantic Gulf & Pacific Company regarding a joint venture or supply agreement. A possible agreement would hasten the construction of the LNG import terminal in South Australia, which is currently regarded as a

The post If you must import LNG, the government should do it appeared first on MacroBusiness.

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MacroBusiness Friday, May 17, 2024 - 12:30 Source

In the latest Treasury of Common Sense with Radio 2GB’s Clinton Maynard, I discussed the band-aid federal budget, why net overseas migration numbers will overshoot projections, and why Australia’s inflation dragon has been slain. Below are the highlights pertaining to the inflation discussion. Clinton Maynard: Do you think inflation has been beaten? Have we broken

The post Australia’s inflation dragon has been slain appeared first on MacroBusiness.

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MacroBusiness Friday, May 17, 2024 - 12:30 Source

Sharri Markson from Sky News interviewed me on Wednesday night, where I explained why the Albanese government’s attempts to boost manufacturing would fail without plentiful and affordable energy. Edited Transcript: Australia is an energy superpower. We should have the cheapest energy in the world. But instead, through policy failure, we actually have some of the

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MacroBusiness Friday, May 17, 2024 - 12:15 Source

Goldman continues its breakdown of Chinese property inventory rescue plans. Following our latest note What would it take to clear China’s housing inventory? where we expected housing “trade-in” programs to be a key policy initiative to help saleable inventory digestion and stabilize the property price outlook, we observe this program has expanded to more cities

The post China’s property rescues going nowhere appeared first on MacroBusiness.

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MacroBusiness Friday, May 17, 2024 - 11:59 Source

Westpac with the note. I agree given the dire leading indicators for unemployment. Both the government and RBA are walking a fine line, but some budget decisions might not be as inflationary as they seem at first glance. Households in Australia are collectively doing it tough. Their cash flows are being squeezed by the high

The post Westpac: Budget not inflationary appeared first on MacroBusiness.

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Renew Economy Friday, May 17, 2024 - 11:36 Source
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MacroBusiness Friday, May 17, 2024 - 11:29 Source

The RBA yesterday painted a dire outlook for Australian renters: Overall then, there is currently an imbalance between new supply of housing and growth in demand. Given the implications of this for rents, construction costs and activity, we are closely watching how these imbalances unwind. Our assessment is that there are several potential avenues through

The post Renters forgotten in Dutton’s Big Angry Australia appeared first on MacroBusiness.

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Renew Economy Friday, May 17, 2024 - 11:27 Source
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MacroBusiness Friday, May 17, 2024 - 11:00 Source

For some time, the warnings have been apparent that Australia cannot create enough jobs to keep pace with record levels of net overseas migration. Last week’s data from Seek should have sent alarm bells ringing, with the number of applicants per job ad surging by 8.6% in March to be tracking 55% higher than the

The post Australia simply cannot create enough jobs appeared first on MacroBusiness.

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MacroBusiness Friday, May 17, 2024 - 10:30 Source

The Market Ear on what’s hot and what’s getting tired. The 10 year Trading right on the 200 day moving average… Refinitiv Next “thing” in AI A key debate in A.I. is predicting the next trend. Initially, A.I. excitement centered on Silicon/Semis, then expanded to manufacturing/power/infrastructure. Investors are now debating the “Edge” (with catalysts like

The post Pain trades tire appeared first on MacroBusiness.

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MacroBusiness Friday, May 17, 2024 - 10:00 Source

DXY firmed overnight: AUD paused: No help from North Asia: Gold is either going to double top or take off. Oil is cooked for now: Dirt stumbled: Big miners are range trading: EM is off and running: Supported by junk: Yields paused: And stocks: Charlie McElligott at Nomura sums it up nicely: MARKET REMAINS “BUYERS

The post Australian dollar still on the up appeared first on MacroBusiness.

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xkcd.com Friday, May 17, 2024 - 10:00 Source

Sometimes, you can tell Bloom filters are the wrong tool for the job, but when they're the right one you can never be sure.

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Renew Economy Friday, May 17, 2024 - 09:55 Source
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MacroBusiness Friday, May 17, 2024 - 09:30 Source

It was another day of choppy trading yesterday for iron, with prices finishing up: Dalian was up: Coking coal too: The latest CISA data is lukewarm at best, down 2.5% YTD, 40mt iron ore equivalent. Inventories are almost identical for steel, Yoy: It’s a strange picture. The steel output falls will continue, the inventory of

The post Iron ore falls continue appeared first on MacroBusiness.

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