The November Statement of Monetary Policy (SoMP) from the Reserve Bank of Australia (RBA) included the following chart showing so-called “administered price inflation” with utilities removed, which are those prices that are (at least partly) regulated or relate to items for which the public sector is a significant provider. These prices are largely unaffected by
The Victorian government has embarked on an authoritarian plan to seize control of planning from local governments and create 50 activity zones earmarked for high-density apartments. These activity zones will include wealthy areas, such as Brighton, Armadale, Glenferrie, Glen Iris, Malvern, and Toorak. They will be rezoned to allow the building of high-rise apartment complexes
Over two months from Inauguration Day, the Trump team has apparently taken its first steps toward making good on the candidate's promise to stop the bloodshed in Ukraine, with a WSJ report outlining options for freezing the crisis. The purported peace plan is a good first step, but would need tweaks to become acceptable to Russia, an observer says.
A great piece from Domain today. Presidential emergency powers are broader, kicking in once an “emergency” is declared. What that might be, though, falls under a wide scope. “By definition, an emergency is something you really can’t pin down and define in advance,” says Tribe, an emeritus professor of constitutional law at Harvard University. Hence,
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Professor McKibbin has contracted Trump derangement syndrome: As the Reserve Bank conceded the incoming US president’s debt-fuelled policies would put upward pressure on global interest rates, former bank board member Warwick McKibbin likened the impact of Trump’s plans on Australia to being in the middle of a line of fireworks as they exploded on New
US bonds have been getting a flogging. This is overdone is overdone in my book. The Fed cut again last night and is on track for more. It will pause once Trump’s tariffs hit, but then resume in 2026. The 10-year has priced enough: The backup has been driven by robots which are almost done
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The Australian Bureau of Statistics (ABS) released its cost-of-living indices for the September quarter. The data showed the nation’s cost-of-living crisis has hit employee households the hardest. As illustrated in the following chart from the ABS, the cost-of-living for households headed by an employee rose by 4.7% in the year to September 2024, well above
This has reached the point of absurdity: Australia’s ambassador to the United States, Kevin Rudd, has scrubbed comments critical of incoming president Donald Trump from his online record, as the Albanese government rushes to avoid offending the nation’s most important security partner. Prime Minister Anthony Albanese has insisted that Rudd will remain as Australia’s top
