There really is not much more Tony Wood of the Grattan Institute can do to destroy Australia’s energy transition. He helped create the gas cartel by arguing against domestic reservation in 2013, aided by the sponsorship from his former employer and gas cartelier Origin Energy. He is currently arguing that LNG imports are our only
The superannuation guarantee is scheduled to increase to 12% in July, and Assistant Treasurer Stephen Jones says the federal government has no plans to expand it further. However, Labor’s national platform in 2023 included setting a ‘pathway’ to increasing the super guarantee to 15% once the initial target of 12% was reached. Jones says the
According to 9News, the Australian Olympic Committee has backed a bold, new proposal by Swimming Australia and other aquatic sports to build a multi-million dollar complex for Brisbane 2032. The Australian Olympic Committee is backing a bold, new proposal by Swimming Australia and other aquatic sports to build a multi-million dollar complex for Brisbane 2032.
Australians have suffered their deepest decline in material living standards in modern history. Real per capita household disposable income has collapsed by more than 8% since the Albanese government took office in Q2 2022, the sharpest decline on record. Australia’s decline in real per capita household disposable income has been among the worst in the
The Australian Bureau of Statistics (ABS) has released the consumer price index (CPI) for Q4 2024, which printed below the Reserve Bank of Australia’s (RBA) expectations. Three of the Big Four banks forecast that the pivotal “trimmed mean” inflation would be 0.5% in Q4. The fourth Big Four bank (Westpac) was only slightly higher, tipping
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Much of the Western World is rapidly deindustrialising to meet ‘net zero’ emissions targets. For Example, the United Kingdom’s stringent restrictions on fossil fuel energy use have driven up energy costs, resulting in sharp contractions in all energy-intensive industries. The same deindustrialisation is happening in Germany, following similar “net zero” policies. Australians are also being
Opposition Leader Peter Dutton has committed to reducing permanent migration to 140,000 a year if the Coalition wins the upcoming federal election. However, immigration influencer Abul Rizvi has led a group of pro-mass immigration shills warning against the cut, claiming that it is unworkable and would harm the economy. Rizvi argues that cutting the permanent
The Market Ear on the Deepseek effect. Just fine Other than the impact of the largest US stock nearly entering a bear market in one day, plus some collateral damage in other large stocks, the broader market held up just fine. The S&P 500 fell less than 1.5%, the Dow rose 0.7%, and the CBOE
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I’m not sure where the rebar rally is coming from. There’s nothing much going on for demand. Perhaps it is the very weak seasonal restock. The Steel PMI ain’t it. Markets are very short ferrous so maybe that’s it. The outlook for rebar is terrible as China goes off the completions cliff, but perhaps steel
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The hype around Artificial Intelligence, the now failed U.S. attempt to monopolize it, and the recent counter from China are a lesson in how to innovate. They also show that the U.S. is losing the capability to do so.
In mid 2023, when the Artificial Intelligence hype gained headlines, I [MOON OF ALABAMA] wrote:
