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Oz Blog News Commentary
Your Democracy Friday, October 11, 2024 - 20:46 Source

News OFF the day… news you have to believe…

News without delay… news from the CIA…

On the hour or twenty-four-seven screen play

An old woman crushes Weet-Bix on TeeVee

In a bowl as she’s done for a short eternity

Morning show with a vacuous nothing to say

Cool music band Cold Chisel is turning fifty

A felon without a face is arrested

For impersonating a pseudo-celebrity

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The Australian Independent Media Network Friday, October 11, 2024 - 16:59 Source

Technology such as ChatGPT could play a complementary role and help profile terrorists and identify the likelihood of them engaging in extremist activity, according to a groundbreaking study which could make anti-terrorism efforts more efficient. Charles Darwin University (CDU) researchers fed 20 post-9/11 public statements made by international terrorists to software Linguistic Inquiry and Word…

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MacroBusiness Friday, October 11, 2024 - 16:00 Source

Most stock markets were unchanged in Asia today due to the meek response on Wall Street to the latest US CPI print which came in slightly hotter than expected. Currencies are equally unchanged although the Australian dollar is trying to lift off its recent low at the 67 cent level. Oil futures have not yet

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Friday, October 11, 2024 - 14:00 Source

Domain has released its September quarter rent report, which contains the below chart showing the dramatic growth in median asking rents across the combined capital cities: According to Domain, median house rents soared by $220, or 51%, from $430 to $650 between December 2019 and September 2024. Median unit rents rose by $180 or 40%,

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MacroBusiness Friday, October 11, 2024 - 13:30 Source

Last month, former Sunrise host David Koch told Sydney radio presenter Ben Fordham that young Sydneysiders should adjust their lavish lifestyles if they want to enjoy the same housing benefits as their parents. They “don’t have a cost-of-living issue, they have a cost-of-lifestyle issue”, Koch claimed. “You’ve gotta give things up, you’ve gotta sacrifice things

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MacroBusiness Friday, October 11, 2024 - 13:00 Source

Earlier this week, The Australian’s James Kirby used Victoria’s property tax reforms as a cautionary tale of why negative gearing should not be reformed. “Victoria is a test case of what happens when investors face tax changes – a recent string of new state-based property taxes has triggered an investor exodus from the state prompting

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MacroBusiness Friday, October 11, 2024 - 12:30 Source

Another monopolist is putting an energy gun to the East Coast economy: The AER is inviting feedback as part of a consultation phase ahead of a final decision expected in early December. APA chief executive Adam Watson welcomed the draft decision, having previously warned that imposing full price regulation on the SWQP would push up energy

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MacroBusiness Friday, October 11, 2024 - 12:00 Source

Aussie interests are cock-a-whoop: Prime Minister Anthony Albanese says Chinese Premier Li Qiang has confirmed Beijing will restart imports of Australia’s live rock lobster trade by the end of this year. Aussie lobsters were our last bastion of defense against China. Claws raised! No longer. Albo has fully capitulated to the Chinese charm offensive following

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The Australian Independent Media Network Friday, October 11, 2024 - 11:31 Source

The latest data from the Australian Bureau of Statistics (ABS) released today highlights the urgent reality of dementia in Australia, revealing dementia is set to become the nation’s leading cause of death. In 2023, dementia accounted for 9.1 per cent of all deaths, closely following ischaemic heart disease at 9.2 per cent. Dementia remains the…

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MacroBusiness Friday, October 11, 2024 - 11:30 Source

The AFR this week reported that the number of temporary migrants in Australia spiked by around 100,000 in the past year, with the volume of student visas surging to an all-time high 679,293 at the end of August. The number of temporary graduate visa holders has also jumped from 193,277 a year ago to 223,960.

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