Elon Musk could make the US government operate like Silicon Valley, Dominic Cummings has claimed.
Speaking at New College Oxford about advances in AI, Boris Johnson’s former adviser said that a subset of Silicon Valley entrepreneurs could no longer ignore Washington’s overreach and may look to rebuild parts of the state that don’t function properly.
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The post Macro Afternoon: 20 November 2024 appeared first on MacroBusiness.
HBO host Bill Maher didn’t hold back as he laid into the Democratic Party for their “doubling down” on the politics that led to their recent election night defeat.
Tax office whistleblower Richard Boyle has once again been denied justice, or rather, the High Court found the whistleblower legislation lacking, given the judges no option but to deny his appeal and uphold the judgment against him.
Kevin07 is back. Kevin Rudd has declared Australia ‘is ready’ to work closely with Donald Trump and his new administration to bolster an alliance which has never been more important or relevant. Australia’s ambassador in Washington said that in a world of ‘many challenges’ Australia welcomed an active and engaged United States in the Indo
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The latest consumer price index (CPI) data for New Zealand showed that headline inflation had fallen to only 2.2% in the year ended Q3 2024, tracking within the Reserve Bank’s inflation target of 1% to 3%. This would suggest that the Reserve Bank has slayed the inflation dragon. However, the latest Reserve Bank survey suggests
You know the lunatics are in charge of the asylum when Australia’s own National Anti-Corruption Commission (NACC) is embroiled in corruption issues. When the Royal Commission on the Robodebt Scheme delivered its report, the commissioner in charge made great efforts to refer six individuals to the NACC for investigation. Many people were outraged, particularly the
The AEMO and other energy regulators are worried that Australia will suffer from severe gas shortages in the coming winter and every winter after that. They are behind the times. The East Coast gas cartel has delivered a permanent winter to Aussie energy prices. Whenever there is a price shock anywhere, including during northern hemisphere
Steven Blitz at TSLombard is excellent at times. If it were simply a matter of dealing with the economy as it is, the Fed’s choices would be simpler as well. One more cut to get the funds rate Taylor Rule neutral and then stop. The road to recession still runs through the asset side of
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The latest ANZ/CoreLogic housing affordability report has revealed the “impossible” barriers facing Australian first-home buyers. The national dwelling value-to-rent ratio hit an equal record high of eight in the September quarter of 2024. At the same time, Australian mortgage rates have roughly doubled from the pandemic low. The combination of higher prices and mortgage rates