New York City Mayor-elect Zohran Mamdani is viewed as a potential “partner” by the Communist Party of Russia (KPRF), its deputy chairman has said.
Speaking to Kommersant on Thursday, MP Leonid Kalashnikov said Mamdani’s proposals to increase taxes on the wealthy closely resemble policies advocated by the party.
Russia has no intention of violating its obligations under international agreements banning nuclear tests, but will resume testing if other countries do, Kremlin spokesman Dmitry Peskov has said.
Europe’s NATO member states should brace for a lasting rupture with Moscow, Swedish Prime Minister Ulf Kristersson has said, urging them to focus on supporting Kiev.
The Western nations have introduced multiple rounds of sanctions in an effort to economically isolate Russia since the escalation of the Ukraine conflict in February 2022.
The housing market appears to have lost some momentum due to the recent inflation shock and expectations that the Reserve Bank of Australia (RBA) will keep interest rates on hold for the foreseeable future. Cotality’s daily dwelling values index continues to show the strongest growth in over two years, measured on a rolling 28-day basis:
I have been reading the book ‘The Great Wave’1 by Michiko Kakutani which was given to me by a mate who thought I would enjoy it. Kakutani is an American Pulitzer Prize winning literary critic and writer2. The book is subtitled ‘The era of radical disruption and the rise of the outsider’1.
Aussie punters are drooling with anticipation of a new housing boom. Victoria disease is preventing madness in the South East, but elsewhere it is all greed. Plenty of room to rise before any nerves kick in. The young and abused have been co-opted. The Oct survey detail points to another factor in the mix
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By Harry Ottley, economist at CBA: The RBA left the cash rate on hold at 3.60% as widely expected.The post-meeting communication was not quite as hawkish as we had expected. The data flow was mixed with home price rises accelerating and building approvals improving but household spending looking a touch softer than expected. Offshore, soft
The post The economic week ahead appeared first on MacroBusiness.
The ferrous complex is buckling. Steel output cuts are so far insufficient to lift steel prices. Iron must fall much further if steel mill margins are to be restored. Weekly data from consultancy firm Mysteel showed that fewer than 40% of the 247 surveyed steel mills were profitable, a level last seen in October 2024.
The post Iron ore enters the perfect storm appeared first on MacroBusiness.
International Reading: Tesla shareholders approve Elon Musk’s $1 trillion pay package – CNN ‘As Ugly and Cruel As It Gets’: Trump Fights Order to Fully Fund November SNAP Benefits – Common Dreams The US national debt has just passed $38 trillion — and economists say they might never recover – News.com Tariff refunds are now
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Asian equities are not doing well as markets start agitate over AI amid tonight’s looming US jobs report with the recent strength in the USD about to be tested. Continued volatility over trade wars amid the challenge to the Trump regime’s tariffs in the US Supreme Court are not helping either. The Australian dollar remains
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As conservative commentator David Frum said several years ago: “If conservatives become convinced that they can not win democratically, they will not abandon conservatism. They will reject democracy”1.
