The Australian government has cancelled the use of the word “immigration” internally, including at supposedly “independent” entities such as the RBA and PC. Now the government is wasting taxpayer dollars trying to eliminate the word from media coverage. A nice juxtaposition comes from the US today, where democracy still exists, and the US government is
This deal is the worst-case scenario for Aussie gas: The Abu Dhabi National Oil Company’s international investment arm and its partners were given a second extension on Monday to continue conducting exclusive due diligence of Adelaide-based energy giant Santos – more than two months after their non-binding takeover agreement was reached in June. Santos has
The post Crush the Santos takeover appeared first on MacroBusiness.
The Australian Bureau of Statistics’ (ABS) attempted censorship of the migration debate, explained in detail here and here, received support from ABC’s Media Watch, which attacked so-called ‘right-wing’ media outlets for raising alarm at the astronomical numbers of net migrants landing in Australia, which are higher than anything Australia experienced before the pandemic. An extract
The Market Ear on the bubble. Hold your shorts GS US Equity Sentiment Indicator of investor positioning continues to be a mystery. Do not short until this one is positive 1 sigma again. Source: Goldman Only half a sigma The Deutsche Bank “consolidated equity positioning” indicator still has plenty of room to reach levels associated
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It is not surprising that the FRENCH media France 24 does not give a hoot about the Russians. For this torchon [RAG] de media digital, ZELENSKY is god whose demands are sacrosanct… Zelensky wants to meet VLADIMIR PUTIN mano a mano. The French media reports SAINT Zelensky’s demands are GOSPEL and swallows HIS explanation that Putin does EVERYTHING to AVOID talking face to face.
A key reason for the decline in Australia’s productivity and living standards is that the country has grown rapidly through mass immigration. World Bank data presented below shows that Australia’s population increased by 45% (circa 8.5 million) in the first 25 years of this century, the strongest growth in the advanced world. However, Australia has
Everybody celebrate! Yahoo. Shanghai, the commercial and financial hub of mainland China, has further relaxed its home purchase policy, following Beijing’s lead to rejuvenate the nation’s sluggish property market. Local residents could now own an unlimited number of flats outside the city’s outer ring road, an area where two-thirds of Shanghai’s housing is located, municipality authorities said
Below is another brilliant guest post from MB reader Erin Rolandsen, CEO of Angelassist: It is rare, as a writer, that I ever venture beyond the comfortable veil of the third person. But the enthusiastic response to my recent article on Performative Democracy has compelled me to set aside convention. Many readers urged me to
Risk markets are having second thoughts about the dovish mood at the Federal Reserve with the USD taking back nearly half of its losses from Friday night, especially against Euro but this is being led mainly by French political problems. It was more hawkish comments from other Fed members that is seeing Yen, Pound Sterling
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The Albanese government announced that it will bring forward its 5% home deposit scheme for first home buyers by three months. Under the scheme, the government will guarantee 15% of the purchase price so that applicants can avoid paying lenders’ mortgage insurance. Previous income limits on eligibility will be removed from October, whereas the scheme’s
Recently, the issue of how migration is measured has exploded into the headlines, with several media outlets and other organisations, including 2GB, the Daily Mail, the Institute of Public Affairs and Macrobusiness, receiving correspondence from the ABS on the issue. To quote from Leith’s article on this from last week: On Wednesday evening, I received
