Oxfam Australia Media Release On World Food Day, hunger has reached an all-time high exposing the flaws in global peace building and conflict recovery efforts. Between 7,000 to as many as 21,000 people are likely dying each day from hunger in countries impacted by conflict, according to a new Oxfam report published on World Food…
The Reserve Bank of New Zealand has cut the official cash rate by 0.75% over the past two monetary policy meetings. Despite the cuts, monetary policy remains highly restrictive, as illustrated below by Justin Fabo at Antipodean Macro: New Zealand’s economy is experiencing a deep per capita recession, with GDP declining by around 4% from
Two points: Stocks are overboughterer. They are not priced for Trump tariffs. The Market Ear has more. Rising wedge Did NASDAQ fool people into chasing tech yesterday as it looked to be breaking up? To us this looks like a rising wedge, where highs are losing momentum, failing to trade above the upper trend line.
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The Actuaries Institute reported in August that 1.6 million Australian households were experiencing financial stress as a result of escalating home insurance costs. This was a 360,000-household rise, or 30% more than the previous year. According to Sharanjit Paddam, the primary author of the Actuaries Institute report, insurance premiums were rising faster than earnings, with
There is no end in sight to the energy superidiot: The opposition has opened a second front in the fight over energy policy by pledging to include gas in the capacity investment scheme, the federal government’s flagship policy spurring investment in clean power generation and storage needed for the transition. On top of its pledge
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The worst PM of our lifetimes is cashing in: Anthony Albanese should be congratulated. As the son of a single mother, Albanese grew up in struggle street, reached the highest office in the land, and did well along the way in terms of accumulating asset wealth. Nothing was handed to him and, in isolation, it’s
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This month, we have received four critical pieces of data showing that Australian dwelling construction is sick, pointing to worsening shortages. First, only 166,200 dwellings were approved for construction in the year to August, 78,800 (31%) below Labor’s housing target, which requires 240,000 homes to be constructed for five consecutive years. Second, only 158,750 dwellings
The number of distinct electoral contests in Victorian councils has shot through the roof this year. There were 260 in 2016, 298 in 2020, and 465 this year, as the mandate imposing single-member wards across all large councils outside of the City of Melbourne has finished rolling out.
Westpac with the note. The Leading Index growth rate has been slightly negative for the best part of a year now. That in itself is fairly rare – this is one of the longest periods of ‘middling’ reads in the history of the measure with the more typical pattern one of more pronounced swings between
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Labor’s first federal budget, released in October 2022, projected net overseas migration (NOM) of 470,000 over the first two years (FY 23 and 24). Instead, Labor delivered around one million NOM over two years, more than doubling its prediction. On Tuesday, the Australian Bureau of Statistics (ABS) announced monthly net long-term arrivals data, which shows
The National Disability Insurance Scheme (NDIS) has been growing in cost by 20% and now costs nearly $50 billion a year. Recent projections from the Parliamentary Budget Office (PBO) suggested that the cost of the NDIS could blow-out to around $100 billion per year within a decade, exceeding the the aged pension. One of the
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US House speaker blasts CBS for ‘selectively editing’ interviewMike Johnson has accused the network of gutting his answers on ‘Face the Nation’
Speaker of the US House of Representatives Mike Johnson has accused CBS of selectively editing his interview to change the context of what he said, posting the original footage on social media as proof.