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Over the eight decades following the end of World War II, the US has taken part in dozens of land wars, large and small. The outcomes have ranged from comprehensive victory to humiliating defeat, but all have received extensive coverage. By contrast, the US Navy’s admission of defeat in its longest and most significant campaign in many decades, has received almost no attention. Yet the failure of attempts to reopen the Suez Canal to shipping has fundamental implications for the entire rationale of maintaining a navy.
Hidden in the detail of the UK’s carbon capture and storage scheme are unlimited financial liabilities and huge environmental costs.
By George Monbiot, published in the Guardian 11th October 2024
Asian stock markets are taking the bullish cue from Wall Street on Friday night but have to navigate some Chinese volatiltiy that actually started on Saturday with some mixed messaging around stimulus measures from the PBOC. Not helping matters particularly in currency land is more saber rattling by the Chinese Navy around Taiwan with the
The post Macro Afternoon appeared first on MacroBusiness.
By Jane Salmon Killara is a place of beautifully appointed private spaces. My grandmother (born in 1902) shared an old horse with her siblings. They rode to school together reciting Shakespeare to the clop of the hooves. Elocution was popular. It is her parents and folk like them that helped pay for our first theatre.…
The post It Takes A Village: that village is our Heritage and Legacy appeared first on The AIM Network.
Victoria has the nation’s most indebted government and the lowest credit rating. Victoria’s ballooning debt has helped to drive up interest payments: One of the reasons why Victoria is drowning in debt is the bloating of the state’s public service. Victoria’s public sector workforce grew by 59% in the 15 years to 2022-23, easily exceeding
La Trobe University Media Release Where: Online series Cost: Free Bookings here One year ago, the referendum for an Aboriginal Voice to Parliament failed. La Trobe University’s Ideas and Society this month delves into what the referendum campaign and its result revealed about the contemporary attitude of non-Indigenous Australians to the Indigenous peoples. What can…
A third attempt on the life of Donald Trump was prevented on Saturday when law enforcement officers arrested an armed man with fake press passes outside the former US president’s rally in Coachella, California, a local sheriff has said.
Goldman with more on why the AUD is struggling to gain traction. USD: Long wait to abdicate. After showing some apparent cracks over the summer, the pillars of Dollar strength now appear just as solid as ever. We had previously argued that the initial factors that weighed on the Dollar earlier in Q3 had mostly
The post Australian dollar beheaded by the king appeared first on MacroBusiness.
The Market Ear on the exuberance free stock bubble Curious case of depressed sentiment The bull officially turns two today. Up more than 60% during the time period. Bull markets last more than five years on average, so there could for sure be more left in the tank. Why then are strategists, sentiment and positioning
The post Why so serious? appeared first on MacroBusiness.
The Australian Chamber of Commerce and Industry (ACCI) has called on both sides of politics to address the issue of tax reform in the lead-up to the next federal election, with CEO Andrew McKellar noting that it is now over 25 years since the GST was introduced. The ACCI wants to see the reliance on
The post Pressure builds for fundamental tax reform appeared first on MacroBusiness.
It is time for Albo to panic. The Coalition now leads Labor on a two-party-preferred basis for the first time since the May 2022 election in a significant political boost for Peter Dutton as Anthony Albanese’s approval ratings fall to a new low. An exclusive Newspoll conducted for The Australian shows the Coalition ahead of Labor
The post Newspoll swings to Dutton lead appeared first on MacroBusiness.