A mighty debate is underway between foreign policy greybeards: Could the Alexander Downer who accuses me and Paul Keating of appeasement possibly be the same Alexander Downer who recently wrote in this newspaper that if he had a vote in the US presidential election it would be for Donald Trump (“The vulgar v the divisive:
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Analysis by consulting firm EY suggests that the federal government will need to borrow about $90 billion in 2024-25 to finance its spending programs. This is $15 billion higher than the previous financial year. Meanwhile, the state and territory governments are set to borrow a combined $101.5 billion in 2024-25. Victoria and Queensland will account
Albo is the perfect combination of Malcolm Turnbull and Scott Morrison. He does absolutely nothing while telling huge lies about how busy he is. To wit: Anthony Albanese has blasted the supermarket duopoly for treating customers like “fools” and warned Coles and Woolworths may have exacerbated inflation during the worst cost-of-living crunch in a generation,
The SMH’s deputy business editor, Clancy Yates, argues that consumers’ “frugal” response to the Stage 3 tax cuts is “music to the ears” of the Reserve Bank of Australia (RBA) and means that further rate hikes are off the agenda. “So far, it’s been close to three months since the tax cuts kicked in and
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Poor old Bloomberg has no idea about China: China’s central bank has announced a sweep of support for the economy, as pressure mounts on authorities to unleash stimulus and hit this year’s growth target of around 5%. China will help banks boost lending to consumers, cut its key short-term interest rate, and lower the mortgage
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Universities Australia, the peak body for the higher education sector, continues to pump out propaganda against the federal government’s efforts to lower international student numbers. Over recent months, we have seen Universities Australia release propaganda about Australia’s fantastical education exports, Universities Australia has also claimed that international students do not have a material impact on
Peter Dutton is doing a bang-up job of making himself unelectable when all he needs to do to win power is cut immigration and federal spending while promising rate cuts: Opposition Leader Peter Dutton has conceded the Coalition’s nuclear energy plan relies on many of Australia’s ageing coal-fired power stations running for at least another
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Oxfam Australia Media Release Oxfam Australia welcomes the Australian Government’s effort to champion a declaration aimed at safeguarding humanitarian personnel at the United Nations General Assembly in New York this week. Oxfam Australia Chief Executive Officer Lyn Morgain acknowledged the importance of the declaration in the protection of frontline aid workers. “We commend the Australian…
As with most empires in history, the search for successors can be a blighted affair. The children will rarely agree to lines of succession, and the parents can often be guaranteed to throw a spanner in the works and soil expectations. Assassinations can take place. Figures can be deposed and banished. A modern variant…
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I still don’t see China doing much. This is not a bazooka: China announced plans for a rare briefing on the economy by three top financial regulators just as it cut one of its short-term policy rates, fueling speculation officials are preparing to ramp up efforts to revive growth. Authorities announced Monday that central bank
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Everything FE was monstered yesterday. SGX firmed overnight on forlorn stimulus hopes: Same for Mad Dalian: Coking coal: FMG is getting the treatment from analysts. GLJ research: So, Where Do We Stand on Fortescue and How Did its FY24 Results Impact our Outlook? Our SELL rating on FMG has been predicated on our negative 2024E-25E
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President John F. Kennedy is heralded in some circles as a pacifist anti-imperialist whose assassination was triggered by neo-conservative hawks intent on escalating the war in Vietnam and supporting Israel to the hilt in its wars with neighboring Arab states and the Palestinians.
Risk markets are again cautious as another Middle East conflict combined with mixed global PMI readings gave some pause to any further upside momentum on both sides of the Atlantic. While Wall Street nominally put in another record high, it was marginal at best with tech stocks retreating. The USD was mixed against the majors
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DXY is still looking very soft: AUD roars towards breakout on the Chalmers’ stagflation: North Asia is mixed: Gold is overbought, oil ready to fall some more: Metals are confused by Fed v China: Miners are falling slowly: EM yawn: Junk cooling off: As yields are overbought: Stocks are waiting for Santa: The US PMI
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Australia’s auction market has eased over recent months, moderating house price growth. The quarterly average auction clearance rate fell to 63% nationally, the lowest level reported this calendar year. Similarly, quarterly capital city price growth fell to 0.9% in August, according to PropTrack, the lowest growth rate recorded this calendar year. CoreLogic’s preliminary auction results