Ten days after Chancellor Friedrich Merz declared that Germany could no longer afford the welfare state, the leaderships of the ruling Christian Democratic Union/Christian Social Union (CDU/CSU) and Social Democratic Party (SPD) have agreed to a massive reduction in social benefits.
The first round of public submissions for the Queensland state redistribution were published last week – about three weeks after they were submitted to the Commission. So I thought it would be useful to examine what they say, with a particular focus on the major party submissions.
There are four rounds of submissions:
Asian share markets are mostly higher across the board as traders anticipate more Fed easing after Friday night’s US jobs print showed the Trump regime’s economic malaise continues although local stocks had a little stumble. Meanwhile bond markets are trying to recover with many long dated yields across the UK, Japan and USA backing off
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Prime Minister Anthony Albanese is back at it, lying that a renewables-based future will deliver Australia an “era of growth and prosperity” with the private sector leading the charge. “The global shift to clean energy is the biggest economic transformation since the industrial revolution and it is a profound economic opportunity for Australia”, Albanese will
Morgan Stanley is very DXY bearish. The US dollar has remained remarkably stable in recent weeks. Even the political noise surrounding potential personnel changes at the Federal Reserve and the decline in front-end UST yields have not rattled the greenback. This resilience stems in part from a perception that the US economy is absorbing import
The US jobs market is weak and getting weaker. The Friday BLS report has some dour implications for Australia. Total nonfarm payroll employment changed little in August (+22,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported today. The unemployment rate, at 4.3 percent, also changed little in August. A job
The fake left is as dangerous as it is stupid. …a contribution from the strategist and former Kevin Rudd staffer Lachlan Harris stands out this week. Responding to Hugh White’s recent Quarterly Essay, Hard New World, Harris, a businessman and student of political communications, makes the case that the next great prime minister will be
On Sunday, I appeared on Freya Leach’s Sky News show, Freya Fires Up, to debate Kos Samaris on the merits of Australia’s migration system. The segment ended up being more of a polite discussion rather than a debate, given that we agreed on most things. Nevertheless, a list of potential discussion topics was sent beforehand,
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The ferrous complex remains drunk as steel margins evaporate. And then there is this. S&P. Today, we are witnessing a resurgence in capital expenditure focused on iron ore, contrasting with the overall capital decline in the mining industry. Notably, a significant portion of this investment, focused on iron ore, is directed toward Guinea and the Simandou Blocks 1 & 2 and Simandou Blocks 3 & 4 projects. Simandou is a particularly high-grade deposit, with grades averaging 65.8%