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Articles from MacroBusiness

Macro Afternoon

September 25, 2020 - 17:00 -- Admin

The mixed mood on markets is moving to the positive side, outside of China, with most share markets here in Asia rebounding further than Wall Street did from overnight on the back of potentially more fiscal stimulus from the US congress.  The USD is in a very slight retreat after its big run against everything,

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MB Radio: Irresponsibility becomes the new black

September 25, 2020 - 15:44 -- Admin

Ahead of the anticipated announcement of the Federal Governments trashing of responsible lending laws by moving oversight of financial lending from ASIC to APRA, Gunnamatta spoke with David Llewellyn-Smith and Leith van Onselen about the implications of the move, and how this positions the Australian economy.  The sound is a touch raw, and the discussion

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Consumer groups slam Coalition’s gutting of responsible lending laws

September 25, 2020 - 15:20 -- Admin

A consortium of consumer groups have rightfully slammed the Morrison Government’s planned axing of responsible lending laws, issuing the following media statement: MEDIA STATEMENT FRIDAY 25 SEPTEMBER 2020 Consumer groups slam move to remove responsible lending laws Removing credit protections will cause harm to people and the economy  CHOICE, Consumer Action Law Centre, Financial Counselling

More lies revealed about Melbourne’s hotel quarantine

September 25, 2020 - 15:00 -- Admin

The stars are aligning for Victorian Health Minister Jenny Mikakos to become the scapegoat for Melbourne’s hotel quarantine disaster after she was caught lying to the Hotel Quarantine Inquiry yesterday: Victoria’s Health Minister Jenny Mikakos appears to have misled the inquiry into the botched hotel quarantine program after claiming the first she learnt of the

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Naysayers need to accept work from home is here to stay

September 25, 2020 - 14:40 -- Admin

Sam Crosby from Labor thinktank the McKell Institute believes “there are good reasons why for many the novelty of working from home wore out quickly”: Companies had only been resisting the logic of working from home due to a combination of inertia and fears over optics. Now they’ve been rushed into conducting a 2020 global

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MB Radio: Irresponsibility becomes the black

September 25, 2020 - 14:33 -- Admin

Ahead of the anticipated announcement of the Federal Governments trashing of responsible lending laws by moving oversight of financial lending from ASIC to APRA, Gunnamatta spoke with David Llewellyn-Smith and Leith van Onselen about the implications of the move, and how this positions the Australian economy.  The sound is a touch raw, and the discussion

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Sydney’s auction market bouncing

September 25, 2020 - 14:20 -- Admin

CoreLogic has released its final auction clearance results for last weekend, which reported a final auction clearance rate of 67.6%, up on last week’s 63.0%: Sydney’s final clearance rate firmed to 67.5% (from 65.9% last week), whereas Melbourne’s surged to 70.0% based on only 10 results. As noted by CoreLogic: Sydney returned a final auction

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Foxtel’s Kayo rises from the ashes

September 25, 2020 - 14:00 -- Admin

At the start of the COVID-19 pandemic, Foxtel’s Kayo Sports was facing an uncertain future. In February, Kayo’s subscriber base had fallen from 402,000 as of November 2019 to 370,000. Then the COVID-19 pandemic hit, pausing sporting events across the world including the AFL and NRL seasons. This led to a surge in cancellation requests,

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400,000 Aussies face losing JobSeeker access

September 25, 2020 - 13:40 -- Admin

As we all know, the JobSeeker supplement (alongside JobKeeper) will be cut this weekend from $1100 to $815. There is widespread concern that the wind back of the JobSeeker supplement will push many Australians into poverty, as well as pull billions of dollars out of the economy. For example, Deloitte this month forecast that scrapping

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China pledges carbon neutral target in 2060

September 25, 2020 - 13:20 -- Admin

Via The Fake Left: Australia’s resistance to a mid-century net zero emissions target is likely to become increasingly unsustainable after China surprised global leaders by pledging it would reach “carbon neutrality” before 2060, climate analysts and advocates say. The announcement by the Chinese president, Xi Jinping, at the UN general assembly on Tuesday means the

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