Bill Gates has pledged to give away 99 per cent of his remaining fortune to his charitable foundation over the next 20 years.
The 69-year-old billionaire co-founder of Microsoft also lashed out at Elon Musk, accusing the world's richest man of "killing the world's poorest children" through huge cuts to the US foreign aid budget.
International Reading: Federal Reserve Rings Every Alarm Bell About Trump’s Economy – New Republic Sanders Raises Alarm Over GOP Crypto Bill Designed to ‘Enrich Trump and His Billionaire Backers’ – Common Dreams Trump administration to garnish wages of 5.3 million defaulted student loan borrowers this summer – CNBC The Mother Of All Corruption: Trump’s Pension
One of the things about the shemozzle of the Trump regime which makes me laugh, is some insular muppets who probably don’t have passports and only vaguely know where Europe is, have been asking: “Has the Democratic Party shifted too far to the left?” Compared to most other western democracies, the Democratic Party would be considered to be right wing, while the Republican Party are now mostly far right, supporting as they do, a half-witted malevolent oligarchy.
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Friday Eve Easy Listening
The post Macro Afternoon: 9 May 2025 appeared first on MacroBusiness.
Major milestone as Aotearoa switches on its largest solar farm, but bigger things are on the horizon
The bulls are rushing Australia’s property market. The Reserve Bank of Australia (RBA) is forecast to cut the official cash rate by 1.0% by the end of 2025, taking it to 3.10%. As illustrated below, the Albanese government recently instructed lenders to disregard student debts when assessing mortgage serviceability, which will lift borrowing capacity. The
It’s not rocket surgery. Be green, not fake. Drop the woke malarky. Drop the support for endless population growth and be honest about its devastating effects on the natural world, as well as youth prospects for housing and social progression. Be honest about the limits to growth, not pompously hypocritical to those of differing views.
The post How to restore the Greens appeared first on MacroBusiness.
The Market EAr on the mechanical bull. Stuck, but… SPX is still stuck in some sort of range, but note the short term trend line comes in at the 5700 level (futures). Next resistance above that is the 5750 area and the 200 day slightly higher. A close above that resistance and many will be
The post Robots are bulls, humans are bears appeared first on MacroBusiness.
For decades, billionaire Meriton founder ‘Highrise’ Harry Triguboff has persuaded politicians to implement policies favourable to his financial interests, including mass immigration. In 2006, Triguboff claimed that Sydney’s population needed to reach 20 million by 2050. In 2010, Triguboff argued that Australia’s population needed to increase to 100 million. “I’d like to see 100 million,