Australian voters have swung hard against Prime Minister Anthony Albanese, with the latest Newspoll survey of voting intentions showing that the Coalition is ahead of Labor leading into next year’s federal election. Primary support for the Coalition has lifted to 40% for the first time since the 2022 election, versus Labor’s 33%. More importantly, the
Some talking heads on radio talk to me
I have no clue about what they bark about
Either I’ve gone dumb, senile or darn silly
They have increased their IQ beyond doubt
Grabbing the grand old word democracy
With little meaning peppered by senseless ideas
In which Trump dot Trump does Trump dot piss
In vain and derision of ugly win galore seems
Cracking in my deaf ears around the seams
Data from the Australian Bureau of Statistics (ABS) shows that the public sector wages bill increased by 8% nationwide in 2023-24 to $232 billion. The federal government’s wage bill increased by 10% to $37.3 billion, while the number of federal public service employees increased by more than 4% to 365,400. Only the ACT recorded a
The Market Ear with the MAGA boom. Making money on MAGA Hedge Funds are enjoying the “bump from Trump” – ride. Hedge funds gained 2.4% between 11/1 and 11/7, driven by beta of +2.0% and alpha of +0.4% (who needs alpha when it is a bull market…?). Net leverage increased by 4% to 59%. This
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The Chinese CPI is going nowhere but down. In October 2024 , the national consumer price index rose by 0.3% year-on – year . Among them, the urban price rose by 0.2% and the rural price rose by 0.3% ; food prices rose by 2.9% and non-food prices fell by 0.3% ; consumer goods prices rose by 0.2% and service prices rose by 0.4% . On average from January to October , the national
Rebar held up Friday. While iron ore did not. More Chinese yawnulus. From ANZ. The National People’s Congress (NPC) standing committee meeting concluded with a large-scale debt swap program as we expected. However, the lack of direct fiscal stimulus implies that the policymakers would leave policy room for the impact off Trump 2.0 later. Key
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The Trump agenda is a winning formula Downunder. Seal the border to restore wage growth, end housing shortages, and repair productivity growth. Income tax cuts to revitalise households. Corporate tax cuts for all businesses except mining, which gets big hikes to pay for it. Drill, baby, drill, while killing the gas cartel (OK, that one
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We are now coming towards the end of the Victorian council elections. For the councils I have been covering, final primary votes have been recorded for all wards, and in the vast majority the winners have been determined and preferences distributed.
For this post I am looking at 310 contests over 32 urban councils that use single-member wards. I am excluding the City of Melbourne, which uses quite a different electoral system, but otherwise cover all councils with a population over 85,000.
The post US election euphoria seems to be dissipating, not helped by the somewhat disappointing Chinese stimulus outcomes on Friday which has led to another reweighting on risk markets. Wall Street went it alone on Friday night with some small advances while European stocks pulled back further alongside oil prices and the Australian dollar as
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My latest interview on Professor David Flint’s Save the Nation program explained why Australia’s productivity and living standards are declining. The interview discusses a range of topics, including: The drivers of Australia’s poor productivity growth. Australia’s record per capita recession. Why Australia’s economy faces a low-growth future. The actual cause of Australia’s housing shortage. Below
Foreign secretary David Lammy has dismissed comments he made about Donald Trump previously as "old news".
While official speeches commonly cite ‘democracy’ among the causes for which Australians and our allies have always fought, we are free to wonder if that is not ‘the lie in the soul’ this Remembrance day.
Back in 1947, the standard Australian working week was reduced from 44 hours to 40. In 1983, 36 years later, the working week was reduced to 38 hours. That was more than 40 years ago, and there has been a lot of technological progress since then. It makes sense to take some of the benefits of that progress in the form of shorter working hours.