Friday night saw the release of the latest US unemployment aka non-farm payroll figures and while they underperformed they came in as expected, giving a relief valve to Wall Street which managed a meagre rally to end the trading week still at a new low. European stocks pulled back but then managed more gains in
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Australia’s labour market appears to be tremendously healthy. According to the Australian Bureau of Statistics’ (ABS) monthly labour market survey, the economy added 173,000 (3.5%) jobs in the year to January. Australia’s official unemployment rate (4.1%) is also among the lowest in the advanced world, alongside the United States. On Friday, the ABS released its
On Saturday morning, I awoke to news that a friend’s home one kilometre away was the victim of an attempted home invasion. The bandits climbed over a neighbour’s side fence and attempted to force their way into the rear door. Luckily the neighbour awoke, made a racket, and they ran away. The following day, the
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Ben is joined by William Bowe from the Poll Bludger to wrap up the results of yesterday’s Western Australian state election, which was a third consecutive landslide victory for Labor.
There was an ostensible “news” article on the ABC news site about Trump’s executive order (EO) titled “DEFENDING WOMEN FROM GENDER IDEOLOGY EXTREMISM AND RESTORING BIOLOGICAL TRUTH TO THE FEDERAL GOVERNMENT.” The capitalisation is not mine; it is in the executive order FFS! The Whitehouse is becoming an ALL_CAPS tweet factory.
For this post I wanted to put together a bunch of my thoughts the day after the WA election. I will be recording a podcast this afternoon and I hope to get it out before the end of the day.
Firstly, let’s zoom out and look at the scale of the result.
Labor won 41 seats out of 59 at the 2017 election, alongside 18 Liberals and Nationals. The 2021 result saw Labor win 53 seats, to just six for the conservative parties.
Goldman on the EUR rocket. Based on our models, the Euro’s surge this week went far beyond its typical relationship with 1-year growth expectations (even if we allow for a more front-loaded shift than our economists expect) and, to a lesser degree, the currency also strengthened more than can be explained by higher Bund yields.
French Prime Minister Franсois Bayrou has rejected the idea of consulting the public on critical defense decisions, asserting that such matters fall under government responsibility.
Amazon CEO Jeff Bezos has taken full creative control of the James Bond franchise after longtime producer Barbara Broccoli reportedly called his executives “f**king idiots,” the Hollywood Reporter wrote on Friday.
Ukraine updates: Fatal Russian strikes in Donetsk, KharkivUkrainian President Volodymr Zelenskyy has slammed "vile and inhumane" Russian strikes that killed and wounded civilians overnight. Polish Prime Minister Donald Tusk has called the Russians "barbarians." DW has more.
Donald Trump’s return to the White House is shaping up to be nothing short of a political revolution. The new administration is rapidly dismantling the old order, purging the ruling elite, reshaping both domestic and foreign policy, and cementing changes that will be difficult to reverse – even if his opponents regain power in future elections.