Via the Herald Sun: Premier Daniel Andrews is set to jet to China to spruik Victoria’s biggest road project at a conference for the controversial Belt and Road Initiative. Mr Andrews confirmed he would present at Chinese president Xi Jinping’s forum next week. In October, Victoria signed a confidential deal linking the state to the
The post Dan Andrews IS the Manchurian Candidate appeared first on MacroBusiness.
Via The Guardian: At every turn they clapped and cheered, enamored with the candidate’s prescriptions for universal healthcare, a humane attitude toward immigrants and the rejection of climate change denialism. Bernie Sanders was the candidate, and the people clapping and cheering were audience members who turned out in Bethlehem, Pennsylvania, for a televised town hall on
The post Bernie Sanders runs amok on Fox appeared first on MacroBusiness.
By Leith van Onselen Over the past year or so, I have ridiculed the new found push by Coalition politicians towards decentralisation, noting that this is a pipe dream based on the settlement pattern of new migrants, which have overwhelmingly chosen to flood the major cities. My view was initially based primarily on data from
The post Migrants to the bush a “dangerous fantasy” appeared first on MacroBusiness.
By Leith van Onselen In his Budget reply speech last year, Opposition Leader Bill Shorten announced plans to impose a cap on the amount that can be claimed for getting tax returns done by a tax agent. Shorten said Labor would apply a cap of $3,000, claiming that 48 wealthy individuals had paid an average
The post Coalition, accountants wage war against Labor’s $3,000 tax advice cap appeared first on MacroBusiness.
Via News: With Sydney and Melbourne’s falling house prices infecting other capitals such as Brisbane, Darwin and Perth, some doomsayers say property prices could slump by as much as 50 per cent by 2022. Digital Finance Analytics chief Martin North says Sydney and Melbourne houses will suffer price falls of 20 to 30 per cent,
The post Hysterical property bear porn forecasting bottom? appeared first on MacroBusiness.
Via Westpac: • The six month annualised growth rate in the Westpac– Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose from –0.54% in February to –0.09% in March. Despite this recent lift the Index has still registered four consecutive months
The post Leading index rises on phantom apartment spike appeared first on MacroBusiness.
By Leith van Onselen Back in 2016, Vancouver city council has voted to approve a tax on empty homes introduced a 1% tax on homes that are not principal residences or aren’t rented out for at least six months of the year, in response to a large number of homes reportedly being left vacant by overseas
The post Vancouver’s vacancy tax unlocks oodles of rental properties appeared first on MacroBusiness.
By Leith van Onselen The latest Roy Morgan Research (RMR) unemployment estimate for March jumped 1.3% to 10.6%, and surged 2.0% over the year: Labour underutilisation also surged to 20.6%. Below are the key points from the release: Australian unemployment increased to 1.49 million in March (10.9% of the workforce) with an additional 1.32 million
The post Roy Morgan unemployment jumps to 10.9% appeared first on MacroBusiness.
Maybe it’s just that everyone is away for Easter. But this election campaign is shaping as an almighty dud so far. Today’s line-up is a big, fat nothing burger: Peter Dutton is hideous at AFR; Chinese candidate hates poofters at ABC; ALP playing small target (except it isn’t) at Domain; ALP changes website at The
The post ALP whistling through election nothing burger? appeared first on MacroBusiness.
By Leith van Onselen MB has gone to great lengths to expose the crash in real employee incomes that has taken place this decade, as evident by the circa 5% fall in real average employee compensation since March 2012: The 0.5% real fall in average weekly earnings since May 2013: And the 0.3% real decline
The post The Coalition is a wages disaster appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]