A record number of Australian businesses entered insolvency last financial year, with firms in the construction and hospitality sectors most heavily impacted. According to data from the Australian Securities and Investments Commission (ASIC), 11,053 companies went into administration in the 2023-24 financial year. The rate of collapse has continued into this financial year, with ASIC
The US dollar is up and away: AUD is in free fall though its uptrend is intact: North Asian has fallen through the trap door: Oil is caput: Metals hate DXY: Miners ouch: EM yawn: Junk no worries: Yields back-up ongoing: Stocks ATH: The Fed minutes were less unanimous on 50bps than it appeared but
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NIMA: So nice to have you back, Richard and Michael. And let me just manage this. And let’s get started with the main question here that would be: Why is the United States not interested in putting an end to the conflict in the Middle East and in Ukraine? Which we know in both of these cases, they’re capable of doing this.
Sometimes reading the AFR is like shooting fish in a barrel: Local borrowers are getting restless and wondering why Reserve Bank of Australia governor Michele Bullock says the RBA board does not expect to cut interest rates this year based on its economic outlook. There is both a simple and more technical explanation. The simple
On Wednesday, the Australian Bureau of Statistics (ABS) released quarterly data on dwelling commencements and completions. Over the June quarter, 40,300 dwellings commenced construction, nearly one-third below the Albanese government’s five-year 1.2 million housing target, which requires 60,000 dwellings to be constructed every quarter. In the 2023-24 financial year, only 158,750 dwellings commenced construction, 81,250
By Bert Hetebry Does truth matter? How is truth discerned? Or more importantly what is truth? The German historian and philosopher, Hannah Arendt wrote of the Nazi regime in Eichmann in Jerusalem: A report on the Banality of Evil… “This constant lying is not aimed at making people believe a lie, but ensuring that no…
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Pope Francis has just ‘created’ (appointed) twenty-one new cardinals, twenty of whom under the age of 80 will elect his successor. Among them is a bishop in Australia.
By Denis Hay Description Explore the dangers of electing an LNP government in Queensland and the risks of job losses, corruption, and the misuse of public money. Introduction The upcoming Queensland elections offer voters a crucial choice – whether to continue a path of inclusive governance or risk electing a government marred by a track…
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There’s a bit of a tall poppy syndrome in Australia where we shoot down people more successful than ourselves, so I must say that I find it odd that people should mock Liz Truss who, after all, did manage to become Britain’s PM for a whole two months… Ok, it wasn’t quite two months but…
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Why do the mass killers of the fossil fuel industry walk free while the heroes trying to stop them are imprisoned?
By George Monbiot, published in the Guardian 1st October 2024
WASHINGTON (Sputnik) - The United States is in a dangerous hiatus during outgoing President Joe Biden's lame duck period, which several US allies are trying to exploit, Jeffrey Sachs, a world-renowned economist and president of the UN Sustainable Development Solutions Network, told Sputnik.
Most currencies were little changed across Asia today although Kiwi dropped sharply on the 50bps cut by the RBNZ while the USD remains calm in anticipation of the release of the latest Fed minutes tonight. Mainland Chinese markets took back all of their previous comeback gains as they continue to pivot on what the PBOC
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