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Your Democracy Friday, December 6, 2024 - 05:49 Source

The surprise offensive by Syrian rebels led by a radical Islamist group with roots in Al Qaeda dramatizes the enormous regional repercussions set off by Israel’s war against Lebanon’s Hezbollah.

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MacroBusiness Friday, December 6, 2024 - 00:10 Source

Wednesday’s Q3 national accounts release from the Australian Bureau of Statistics (ABS) revealed that Australia’s per capita recession extended to a record-breaking seventh consecutive quarter after declining by 0.3% in Q3. This meant that Australia’s real per capita GDP declined by 1.5% in the year to September 2024, in line with the declines recorded in

The post Recession crashes down on Australian households appeared first on MacroBusiness.

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Your Democracy Thursday, December 5, 2024 - 17:34 Source

WE ARE AT A TRUMPIAN JUNCTURE…. WHATEVER THIS MEANS, TRUMP WANTS TO SHAKE THE OLD “SYSTEM” WHICH HAS BECOME STALE AND CORRUPT (IT ALWAYS HAS BEEN)….

THE “OLD SYSTEM” HAS SURVIVED MANY UPS AND DOWN, BUT ITS RESILIENCE IS MOSTLY DUE TO THE ADAPTATION OF THE MIDDLE CLASS TO VARIOUS DEGREE OF ACCEPTANCE AND PRODUCTION OF CRAP — SOME PHILOSOPHICAL AND SOME MATERIALISTIC. 

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MacroBusiness Thursday, December 5, 2024 - 16:30 Source

While Bitcoin makes headlines, Asian stock markets are generally lower over continued macro concerns and the lead up to tomorrow night’s US jobs print. The USD is relatively steady and strong against the other undollars while the Australian dollar remains under pressure just above the 64 handle. Oil futures are failing to hold on to

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, December 5, 2024 - 15:53 Source

Climate Council Media Release Australians are being kept in the dark about the true costs of the Federal Coalition’s risky and expensive nuclear scheme. The Federal Coalition’s heavy reliance on the first of two Frontier Economics reports paints a damning picture of the methods they may use to fudge the nuclear numbers and mislead Australians.…

The post The seven ways the Federal Coalition could cook the books on nuclear costings appeared first on The AIM Network.

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The Australian Independent Media Network Thursday, December 5, 2024 - 14:56 Source

Dementia Australia Media Release Dementia Australia welcomes the National Dementia Action Plan, a ten-year framework for government that provides the opportunity to make enduring positive changes to improve the quality of life for people living with dementia. Dementia Australia CEO Professor Tanya Buchanan said the plan is vital to ensure that the more than 421,000…

The post National Dementia Action Plan provides a clear vision for the future appeared first on The AIM Network.

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Renew Economy Thursday, December 5, 2024 - 14:54 Source
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Renew Economy Thursday, December 5, 2024 - 14:04 Source
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MacroBusiness Thursday, December 5, 2024 - 14:00 Source

Sydney restauranteurs have urged the federal government to increase immigration to alleviate the alleged labour shortages in the industry. “A report released by Business NSW on Wednesday found eight in 10 businesses have had to boost pay or offer better conditions over the past year to stay competitive in the battle for skilled workers”, The

The post Restauranteurs demand visa slaves appeared first on MacroBusiness.

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Renew Economy Thursday, December 5, 2024 - 13:57 Source
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Renew Economy Thursday, December 5, 2024 - 13:56 Source
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The Australian Independent Media Network Thursday, December 5, 2024 - 13:53 Source

By Mason Garland It’s now been over a month since the beginning of the Lord Mayor Adrian Schrinner and Brisbane City Council’s crackdown on the homeless tent cities at Musgrave Park (and Kurilpa Point Park). And since then, there has been a recognisable decline in tent sleepers staying at Musgrave Park, many choosing to migrate…

The post Musgrave Crackdown: Safety or Politics appeared first on The AIM Network.

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Renew Economy Thursday, December 5, 2024 - 13:32 Source
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MacroBusiness Thursday, December 5, 2024 - 13:30 Source

Does Australia need a Korean coup to wake up to falling living standards? No. Once that cat is out of the bag, then the fall accelerates, ala Argentina. John Authors today looks at what South Korea’s martial law episode signifies. At present, it looks like Yoon’s bid for power rather resembles the coup against Mikhail Gorbachev by

The post Does Australia need a Korean coup? appeared first on MacroBusiness.

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MacroBusiness Thursday, December 5, 2024 - 13:00 Source

By Stephen Saunders The way things are going, this new report on student-migration policy scarcely needs those last four words in its title. In November 2024, the Coalition voted down Albanese Labor’s “cap” or “quotas” on student visas and their misleading misinformation bill. This Australian Population Research Institute (TAPRI) report retraces the migration-policy year, illustrating

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MacroBusiness Thursday, December 5, 2024 - 12:30 Source

The Market Ear with the argument for more tech, for longer. Big boom potential BofA sees potential for a proper melt-up. “Not since the 1920s have we seen the potential for a major tech boom to coincide with significant deregulation & tax cuts. Historically, both have driven large booms in equities” Source: BofA Quant Relatively

The post The Roaring Twenties appeared first on MacroBusiness.

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MacroBusiness Thursday, December 5, 2024 - 12:05 Source

Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, dig into earnings revisions and fundamentals which generally look positive and contrast this with valuations using a range of different metrics. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer

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MacroBusiness Thursday, December 5, 2024 - 12:00 Source

Australia’s RBA governor, Michele Bullhawk, is about to make an awkward first landing. Goldman’s Andrew Boak shoots the ungainly creature down. Bottom line: Australian GDP increased 0.3%qoq in 3Q2024, with year-ended growth decelerating to a new 32-year low of 0.8%yoy (ex-pandemic lockdowns). The outcome was 20bps below expectations (GSe/BBG: +0.5%qoq, +1.1%yoy) and GDP per capita

The post Bullhawk down appeared first on MacroBusiness.

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MacroBusiness Thursday, December 5, 2024 - 11:30 Source

The head of Deloitte Access Economics, Pradeep Philip, gave one of the best summaries of Wednesday’s Q3 national accounts release from the Australian Bureau of Statistics (ABS), noting that the private sector was being “clobbered” and the economy was “stuck in the mud and spinning its wheels”. “With little headroom for further fiscal stimulus and

The post Australia’s private sector “clobbered” by recession appeared first on MacroBusiness.

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MacroBusiness Thursday, December 5, 2024 - 11:00 Source

One of the less-known outcomes of the immigration-led economy is that it destroys the nation’s armed forces. It does this by ripping up the social contract between leadership and the polity on critical issues around living standards. To put it bluntly, why would any young person wish to defend their country when the same has

The post Soldiers added to skills shortage list appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, December 5, 2024 - 10:53 Source

Productivity Commission Media Release The Productivity Commission is seeking ideas from everyday Australians to inform our policy recommendations to government. “We are looking for practical policy ideas from people in all walks of life on how Australia can work smarter, more efficiently, and more productively,” said Chair Danielle Wood. This initiative follows the Treasurer’s announcement…

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MacroBusiness Thursday, December 5, 2024 - 10:36 Source

From the Productivity Commission today. We want your ideas on making Australia more productive and prosperous The living standards of Australians depend on our national productivity. That’s why we want to hear your ideas on practical ways we can make Australia more productive. Select the ‘Add your idea’ button to pitch your idea. The ideas

The post Producitivty Commission runs out of productivity ideas appeared first on MacroBusiness.

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MacroBusiness Thursday, December 5, 2024 - 10:30 Source

The crises in Australian energy are multiplying by the day: gas price shock gas imports price shock power price shock coal capacity shock surge capacity shock But, never fear, the rebates are here! The current latest round of power bill discounts of $300 for each of Australia’s 10 million homes and $325 for each of

The post Energy superidiot plucks RBA hawks appeared first on MacroBusiness.

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MacroBusiness Thursday, December 5, 2024 - 10:00 Source

According to the most recent PropTrack home price data, Melbourne has been left well behind the other major capital cities. Since the start of the pandemic in March 2020, Melbourne dwelling prices have increased by only 16%, compared to a 41% growth across the combined capital cities: The following chart displays price growth across the

The post Melbourne relegated to house price donkey appeared first on MacroBusiness.

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MacroBusiness Thursday, December 5, 2024 - 09:30 Source

Last month, I mentioned that the latest net permanent and long-term arrivals data from the Australian Bureau of Statistics (ABS) showed record net arrivals in 2024. As presented above, there were 393,874 net arrivals in the first nine months of 2024, nearly 1,300 more than the previous year’s record arrivals and almost 128,000 more than

The post Australia’s population growth still out of control appeared first on MacroBusiness.

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MacroBusiness Thursday, December 5, 2024 - 09:00 Source

A busy session of economic news and Fedspeak kept risk markets alive with volatility overnight as Wall Street returned to buying mode while another record high from the German DAX pushed European stocks higher again, despite further French political problems, Korean peninsula machinations and the rumblings of a Chinese trade war with the USA. The

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Thursday, December 5, 2024 - 08:48 Source

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Renew Economy Thursday, December 5, 2024 - 08:36 Source

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Your Democracy Thursday, December 5, 2024 - 07:41 Source

Instant #1 New York Times BestsellerTwo-time Pulitzer Prize winner Bob Woodward tells the revelatory, behind-the-scenes story of three wars--Ukraine, the Middle East and the struggle for the American Presidency.

War is an intimate and sweeping account of one of the most tumultuous periods in presidential politics and American history.

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The Australian Independent Media Network Thursday, December 5, 2024 - 07:33 Source

CSIRO Media Release Growing environmental concerns have driven a surge in bioplastics, but unclear labelling for disposal is creating challenges, according to a new report from Australia’s national science agency, CSIRO. The State of bioplastics in Australia report found consumer confusion over bioplastics, with many bioplastic items ending up in landfill or contaminating recycling and…

The post CSIRO report reveals the state of bioplastics in Australia appeared first on The AIM Network.

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