Earlier this month, Tony Webber from the Federal Chamber of Automotive Industries warned of a clear consumer shift from battery electric vehicles (EVs) toward hybrids. “The Australian experience with EVs is similar to many major markets overseas such as Europe, New Zealand and the USA”. “Car makers are responding to regulatory settings that mandate an
In 2013, Labor Resources Minister Gary Gray made the fateful decision to allow the Gladstone liquified natural gas (LNG) terminals to be built without the requirement to reserve gas for domestic users: “Let me say very clearly, a reservation policy could not lead to lower gas prices or more gas,” Gray said. “Calls for intervention
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Today isn’t the last working day of the year for me. I have a commission I want to wrap up before NYE and I’m this close to finishing it. But not close enough. So I’ll be chipping away at that after Boxing Day.
I hope everyone else is winding down for the year. It’s been, well… a year. Another one coming right at us. 2024 finished badly, with the news about Andrew Reilly. My heart breaks for his friends and family.
Best wishes to everyone. Look out for yourselves. I’ll see you on the other side.
Australia and New Zealand are experiencing protracted recessions. However, New Zealand’s recession is far deeper than Australia’s, as illustrated below by Justin Fabo from Antipodean Macro. New Zealand’s unemployment rate is also significantly higher than Australia’s. The differing outcomes between the two nations are explained by the exceptional growth in the non-market (government-funded) sector in
By Stephen Saunders Last Friday, Treasurer Jim Chalmers quietly let slip Australia’s fifth Population statement, in which he and the Treasury constitute public enemy No. 1. Treasury’s Intergenerational Report is Coalition chicanery, warmly embraced by Labor. As is Treasury’s Centre for Population and its Statement. This fifth edition offers nearly 100 pages of pseudo-science and
The past several years have seen Australia’s rental market plunge into crisis following the importation of nearly one million net overseas migrants in only two years. This deluge of migrants hit a supply-constrained market, worsening the housing shortage. The impact on the rental market has been brutal. As illustrated below by Justin Fabo from Antipodean
Prime Minister Anthony Albanese indicated in January 2022—four months before the federal election—that his government would run a lower immigration policy if elected: In The Australian, Albanese wrote that Australia had relied too long on temporary migrant workers rather than training locals, suggesting Labor would not follow the approach of former Prime Minister Kevin Rudd’s
The final trading week is still looking a lot like Christmas with Wall Street continuing its Friday night bounceback on Friday while European stocks slid back as markets start to quieten down over the Xmas break. The latest US consumer confidence figures weren’t impressive but King Dollar fought back against the relatively mild fightback from
The post Macro Morning appeared first on MacroBusiness.
I have frequently maintained that the Australian Bureau of Statistics (ABS) reported $48 billion in education exports are inflated and vastly overstates the benefits of international students to the Australian economy. The ABS obtains this impressive export figure using “an average spend estimate from Tourism Research Australia … supplemented by the addition of total expenditure
Peter Dutton’s nuclear energy announcement has been totally nuked, so to speak, but Michael Pascoe argues it is nonetheless working just fine.
Why do American Christian evangelists support Israel’s genocide in Gaza?
At this time of year many Christians express ‘tidings of comfort and joy’ toward their friends, family and even complete strangers. Good for them. No doubt it’s just what we need in these increasingly troubled times.
Only a few years ago, most of Western Europe seemed like a fortress of stability in international politics. With robust economies, solid social systems, and the grand edifice of “European integration,” it gave an impression of permanence, impervious even to major geopolitical upheavals. Now, however, it has become an inexhaustible source of peculiar headlines and confusion.
"Under the Trump administration, it will be the official policy of the United States government that there are only two genders — male and female. Doesn't sound too complicated, does it?" Trump said, speaking at the Turning Point Action conference in Arizona.
Recall that the Orwellian Centre for Population has projected that Australia’s population would balloon by 4.1 million residents over the next 10 years—most of whom will live in Sydney, Melbourne, Brisbane, and Perth. This population expansion will see Sydney’s and Melbourne’s populations swell to around 6.5 million. Brisbane (3.3 million) and Perth (2.9 million) will
