Treasurer Jim Chalmers is an inveterate liar: With opposition Treasury spokesman Angus Taylor declaring Australia was in a “household recession”, Jim Chalmers said GDP per capita had also gone backwards under the former Coalition government. “If you care about per-capita living standards in this economy, you’ve got two options,” the Treasurer told parliament . “One
When you only have a hammer, everything looks like a nail: UNSW economics professor Richard Holden said the policy for a one-off cut of 20 per cent to student debt was “blatant vote-buying” in the vein of Queensland Labor’s strategy before the state election. “The government’s just acting like this doesn’t count, it’s just Monopoly
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NATO Secretary General Mark Rutte met with Chancellor Olaf Scholz in Berlin on Monday, in his first visit to Germany as the alliance's chief.
Two candidates enter, one president leaves. Two currencies enter, one currency leaves. Will it be DXY or AUD. The former: AUD firmed a bit: North Asia too: Oil up as OPEC holds volume return, gold down: Base metals: Miners meh: EM meh: Junk is screaming risk-off: Yields bid: Stocks sell: As we enter the US
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Victoria’s 90-kilometre Suburban Rail Loop (SRL) is shaping into Australia’s most wasteful infrastructure project. Former Premier Daniel Andrews announced the SRL just before the 2018 state election. Andrews stated that the SRL’s three stages would cost $50 billion. However, the project’s construction and operating costs are now expected to exceed $200 billion. The SRL was
The Chinese stimulus keeps getting downgraded. ANZ this time. China National People’s Congress preview • We expect a CNY10trn bond issuance plan for a debt swap program but the economic impact will be indirect and unnoticeable. • Direct economic stimulus will only be CNY1trn via frontloading the issue of special local government bonds, helping GDP
US stock markets pulled back alongside the USD as all risk markets start to tighten and clench at the prospect of a drawn out US election that “starts” tonight and may not have a happy ending. Wall Street slipped alongside European stocks while the USD at first fell back further from its weekend gap action
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By Maria Millers With the Spring Racing Carnival in full swing this week horses are the stars. These magnificent, powerful creatures have captivated people’s imaginations for centuries, from myths and legends they have left a significant mark in various contexts: warfare to literature culture and sport. So when these animals show up in our dreams,…
The US and UK are setting up continental Europe for a military face-off with Moscow, Russian Foreign Minister Sergey Lavrov has claimed.
Lavrov issued the warning during his speech at the Inventing the Future symposium in Moscow on Monday.
The hits keep coming for Australia’s housing construction industry, which is failing dismally to meet the Albanese government’s target of building 20,000 homes a month, 60,000 homes a quarter, 240,000 homes a year, and 1.2 million homes over five years. Various forces are impacting the home-building industry, reducing capacity and effectively shifting the supply curve
Monash University From the deep-fake ‘endorsement’ by Taylor Swift of Republican candidate Donald Trump to the allegation that Haitian migrants are consuming family pets, US voters have been inundated with mis- and disinformation in the lead up to the 60th US Presidential Election on Tuesday 5 November. Behavioural science can explain the complex process of…
The Foreign minister Penny Wong should recall Kevin Rudd as Australia’s ambassador to Washington.