The Australian Bureau of Statistics (ABS) this week released data showing that Australia’s birth rate has collapsed to an all-time low of 1.5 babies per woman: The collapse in births combined with a rise in deaths meant that Australia’s population only grew by 105,600 in the year to March 2024 from natural increase: The SMH
The RBA is still going to cut in December. The reason is inflation will be too weak if it does not, Especially so after another round of energy bill rebates is announced: Gareth Aird at CBA: Hiring continues to grow at a strong pace, albeit most of the jobs growth has come in the non‑market
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After months of avoiding difficult interviews, Kamala Harris finally walked into the lion’s den today, sitting down for an interview with Fox News’s Bret Baier. When the interview was announced the other day, I noted to my colleagues what a gamble this was for Harris, the sort of move her handlers would allow only if their previous strategy of avoiding all unscripted media interactions had become untenable.
By Denis Hay Description How the Australian monetary system prioritizes corporations and political elites over citizens. Learn how to reform this for a fairer society. Introduction: The Misuse of Australia’s Monetary Sovereignty Australia holds a significant advantage in being a sovereign currency issuer. Yet, despite the ability to fund essential services, the system is geared…
National Tertiary Education Union Media Release The National Tertiary Education Union (NTEU) has slammed Australian National University’s bid to cut pay while announcing more job losses. ANU management today announced another 108 job losses across three central divisions after earlier this month cutting 50 jobs from the College of Health and Medicine. Management has also…
Asian stock markets are somewhat mixed after a similarly lacklustre performance on Wall Street and in European stocks overnight as currency traders position for tonight’s ECB meeting. Locally the latest unemployment print surprised to the upside with both Australian stocks and the dollar rebounding higher although the latter is falling back going into the London
The post Macro Afternoon appeared first on MacroBusiness.
Decades after the end of the Cold War, the US continues to employ proxy warfare as a central strategy in its confrontations with major global rivals, particularly Russia and China. This approach enables the US to extend its influence and pursue its geopolitical objectives without direct military engagement, instead relying on third-party actors to do the heavy lifting.
The Chinese Housing Ministry is busy giving the latest yawnulus briefing today and it is not going well. On the surface, it appears bad for prices but better for construction volumes: China said it will expand a program to support “white list” property projects to 4 trillion yuan from about 2.23 trillion yuan already deployed,
It is incomprehensible that Australia’s leading business paper, which should understand the interaction of supply and demand, lacks the honesty to mention demand when evaluating the housing crisis: The AFR View rightly claims that “housing affordability” policies like looser lending standards and shared equity are unhelpful to Australia’s housing affordability crisis. It also argues that
The AEC released the final maps and data for the Victorian federal redistribution earlier today. In this blog post I’m going to post my final estimates of primary votes, two-party-preferred and two-candidate-preferred margins for each seat. At the end I’ve also posted the final pendulum after the completion of the redistributions in New South Wales, Victoria and Western Australia, although we have the draft boundaries for the NT redistribution due tomorrow.
Any new deal to keep Russian gas flowing to the European Union through Ukraine would be a “dangerous”choice, the bloc’s energy chief, Kadri Simson, claimed on Tuesday.
EU countries are well prepared for a winter without Russian gas, the energy commissioner said at a news conference following a meeting of the bloc’s energy ministers in Luxembourg.