Tesla and SpaceX CEO Elon Musk has become the world’s first person to reach a net worth of $500 billion, according to Forbes. Musk’s fortune has been boosted recently by a rally in Tesla shares and soaring valuations of his private firms.
The pirates of Israeli supremacy: The West’s favorite rogue state has done it againThe assault on an aid flotilla headed for Gaza broke all kinds of laws, but then again, laws have never stopped Israel
Most of the media’s attention has been on Labor’s First Home Guarantee scheme, which came into effect on Wednesday. Under this scheme, almost all first home buyers can purchase a home with only a 5% deposit, without requiring lenders’ mortgage insurance, as taxpayers will guarantee 15% of the mortgage. Lateral Economics estimated that the 5%
Alongside the genocide, the Israeli government is destroying the ecosystems of Gaza, perhaps permanently.
By George Monbiot, published in the Guardian 27th September 2025
A landless people and a peopleless land: these, it appears, are the aims of the Israeli government in Gaza. There are two means by which they are achieved. The first is the mass killing and expulsion of the Palestinians. The second is rendering the land uninhabitable. Alongside the crime of genocide, another great horror unfolds: ecocide.
Inside beach, Portsea Victoria AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 few problems getting charts again today, sorry. will keep trying
The post Macro Afternoon: 2 October 2025 appeared first on MacroBusiness.
I enjoy flicking through Substack Notes of a morning, looking for an essay I might enjoy. Occasionally I’ll find something like ‘Light Travels at the Highest Possible Velocity’, a Sherman Alexie story I read one Sunday morning in bed which delayed my getting up by an hour.
It’s one of the best things I’ve read this year, and I found it by accident and read it for free.
Thanks Sherm.
Since the ABS started publicly releasing its monthly CPI in late October 2022, it has been a source of controversy and debate. It has been an indicator that has been paid significant heed one month and then absolutely ignored the next, as it no longer produced a result in the desired direction. It has been
The post The Reserve Bank, monthly CPI and rate cuts appeared first on MacroBusiness.
The Albanese government’s fantastical target of building 1.2 million dwellings over five years is centred on delivering a boom in high-rise towers. I have repeatedly warned that state and federal government plans to blanket our cities with high-rise apartments are unrealistic, would not improve Australian housing affordability, and would degrade liveability. The August dwelling approvals
German Chancellor Friedrich Merz is seeking to claw back decision-making power from European Commission President Ursula von der Leyen, Bloomberg reported on Tuesday, citing diplomats familiar with the matter.
A state by-election will be held in the north Queensland seat of Hinchinbrook at some point near the end of this year or early in 2026, following local MP Nick Dametto’s announcement that he will contest the mayoralty of the City of Townsville at a by-election next month.
Hinchinbrook covers the northern outskirts of Townsville and stretches halfway up the coast towards Cairns. Dametto is a member of Katter’s Australian Party and has held the seat since 2017. His current margin is 13.2% against the LNP.
