Last week, the Albanese government pledged over $800 million in production subsidies to a green hydrogen development in remote Western Australia. This is part of an $8.7 billion federal government war chest to create incentives for green hydrogen. Labor’s Future Made in Australia (FMIA) plan, announced in 2024, provided a budget allocation of $6.7 billion
Earlier last month, I learned that a friend’s home one kilometre away had been the target of an attempted home invasion. The burglars hopped over a neighbour’s side fence and tried to force their way into the house via the back door. Fortunately, my friend awoke, made a ruckus, and the burglars fled. The following
The post Melbourne overrun with gangs and crime appeared first on MacroBusiness.
Florida Gov. Ron DeSantis has a big-name supporter for a possible presidential run in 2024: Elon Musk.
Musk came out for the sunshine state gov in a brief Twitter conversation Friday night with the account @ProudElephantUS, who asked if he would back DeSantis.
With everything going on in the world, it says something about me that this was the story (free link) that most engorged my rage gland today.
Via the ABS. CPI analytical series Seasonally adjusted 2.4 CPI excluding volatile items* and holiday travel 2.7 Annual trimmed mean 2.7 Most are components coming off except regulated prices like education, alcohol and tobacco, and health, which will fall in due course given they are indexed to the headline benchmark, which has crashed. It’s over.
The post Monthly CPI misses again appeared first on MacroBusiness.
Decent output levels are keeping iron ore supported for now. There’s nothing good happening property. Compared to December, China’s on-budget fiscal revenue and off-budget land sales revenue both weakened meaningfully in January-February, more significant than the deceleration in government spending growth. Our proprietary “augmented fiscal deficit” (AFD) metric widened slightly in February vs. December on
CBA’s excellent economics team has provided a comprehensive analysis of the federal budget. Below are key extracts broken down by theme. Overview: In the near term, the key economic and fiscal aggregates in the 2025-26 Budget are largely unchanged from the last official update in December, and broadly in line with our own forecasts. The
DXY faded a little AUD lifted a little. Lead boots are at a standstill. Gold pausing. Trump lunacy has overtaken oil as he smashes Venezuela and Iran while promising cheaper petrol. Copper is insane. This is bad for everybody except Goldman Sachs. Big miners sag on. EM yawn. Junk yawn. Yields eased. Stocks firmed. I
Treasurer Jim “chicken” Chalmers’ has released a hopeful new budget based upon some rosy assumptions. The headline numbers are realistic, but the wage price index is not going to re-accelerate unless unemployment falls more than forecast amid ongoing mass immigration of cheap Indian workers. This is a problem for revenue, especially with the mooted tax
In Tehran, Iranians are anxiously wondering whether, once their economy is exhausted and they can no longer defend themselves, the Israelis and the United States will bomb them. Under these circumstances, should they or should they not negotiate with the enigmatic President Donald Trump?
After Ukraine, Iran?by Thierry Meyssan