For many years, MB has argued that the Australian Bureau of Statistics’ (ABS) estimate of the export of education is exaggerated because it incorrectly included income from international students working in Australia. On Wednesday, the ABS released a paper confirming that one-quarter of the reported export figure comprises money earned in Australia and, therefore, is
The Anglo-Saxon Empire has morphed from its English/Germanic origins to an American/European/Anglo world domination FASCIST machine. It’s a history of deception and slavery to control other nations.
Asian share markets are again dissecting the news and double speak from their respective central bankers with the PBOC pushing through a modest medium term cut helping Chinese stocks higher. Australian shares remain in flux due to the RBA’s inaction while it looks like a slow start to the European session tonight. Euro is holding
The post Macro Afternoon appeared first on MacroBusiness.
Healthcare is one area in which Australia has excelled. Medicare, a comprehensive, government-funded health insurance program that provides discounts on medical expenses, is available to all Australians. All Australians are entitled to free medical treatment in public hospitals. Australia also has a national Pharmaceutical Benefits Scheme that provides considerable subsidies to ensure that consumers are
In the period up to and around the millennium, negative gearing and capital gains tax discounts were significant to property prices. They are not any more. Mass immigration and stock shortages for both rentals and purchases have kept the housing bubble inflated ever since 2003, more and more since 2013, and especially since COVID lowered
The post Negative gearing is irrelevant appeared first on MacroBusiness.
We often hear Big Australia shills claim that Australia’s population is still smaller than it would be if it were not for the pandemic. These shills often also claim that Australia’s immigration has been at record levels because of “catch-up” migration. Last year, a Coalition MP used a good analogy to ridicule this “catch-up” claim.
The post Debunking the migration catch-up myth appeared first on MacroBusiness.
Does The Thug hate you? Probably To identify what the abominable No Man is for, we have to filter out what he’s against. From there you can extrapolate whether you are amongst the things he hates. That wooden, cadaverous demeanor is a veneer. Underneath it he’s a testy prick. He’s always angry. Fear and loathing…
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Your nation is being destroyed by the gas cartel: Australia’s use of gas will be an election flashpoint as the Coalition pledges to streamline project approvals in a quid-pro-quo with companies to keep more of the fossil fuel for local use. The pledge from resources spokeswoman Susan McDonald built on a speech from Dutton on
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Bushfire Survivors for Climate Action Media Release BUSHFIRE SURVIVORS FOR CLIMATE ACTION (BSCA) has spoken out in response to the news that Environment Minister Tanya Plibersek has approved three new large coal mining projects in NSW: Whitehaven Coal’s Narrabri thermal coal project to 2066, MACH Energy’s Mount Pleasant thermal coal project to 2058, and Yancoal’s…