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Your Democracy Friday, January 21, 2022 - 09:49 Source

syndromesyndrome

The CIA believes it is unlikely Russia or another foreign adversary used microwaves or other forms of directed energy to attack the hundreds of American officials who claim to have been affected by "Havana syndrome".

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Your Democracy Friday, January 21, 2022 - 09:10 Source

backpackersbackpackers

It sounded a touch desperate – Prime Minister Scott Morrison imploring backpackers to “come on down” to Australia, as the Omicron crisis escalated.

“Enjoy a holiday here”, said the one-time managing director of Tourism Australia, and “at the same time join our workforce and help us”.

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MacroBusiness Friday, January 21, 2022 - 09:00 Source

Alan Kohler argues that today’s political failure is the result of decades of neoliberalism that has systematically hollowed out government processes and talent. True enough. But we shouldn’t let systemic explanations for the disastrous performance of the Morrison Government lead to us overlooking its peculiar contributions to national failure. After all, although untested, Labor has made

The post Is Morrison mental? appeared first on MacroBusiness.

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MacroBusiness Friday, January 21, 2022 - 08:38 Source

Western Australia’s borders will remain closed indefinitely, after Premier Mark McGowan abandoned his plan to reopen in a late night press conference. McGowan said with the “game changer” of Omicron wreaking havoc interstate, he has been forced to delay the planned 5 February reopening: “Unfortunately, the world changed in December; Omicron arrived”… “Omicron is a

The post WA seals itself off from Australia appeared first on MacroBusiness.

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Your Democracy Friday, January 21, 2022 - 07:28 Source

berserkberserk

RISING TENSIONS (3)

Washington refuses to hear Russia and China

 

by Thierry Meyssan

 

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MacroBusiness Friday, January 21, 2022 - 07:17 Source

DXY is firming again as EUR wilts: AUD was firm across the board: Oil was also firm: Base metals are threatening to blow off: Big miners stalled: EM stocks did better: And junk: Thanks to an evening of bear flattening: Which cut stocks some slack: Westpac has the data wrap: Event Wrap US existing home

The post Australian dollar lifts with RBA bets appeared first on MacroBusiness.

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Renew Economy Friday, January 21, 2022 - 03:01 Source

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MacroBusiness Friday, January 21, 2022 - 00:10 Source

Yesterday’s employment report from the Australian Bureau of Statistics (ABS) revealed that Australia’s youth are benefitting greatly from negative immigration: Total youth jobs rose by 40,500 in December, comprising a 29,300 increase in part-time jobs and a 11,200 increase in full-time jobs: The youth unemployment rate dived by 1.5% to 9.4% and is now 2.8%

The post Immigration collapse ends youth jobs depression appeared first on MacroBusiness.

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MacroBusiness Friday, January 21, 2022 - 00:05 Source

In the week ended 20 January, the CoreLogic daily dwelling values index rose 0.11%: All major markets except Melbourne recorded rises: So far in January, dwelling values have risen by 0.61% across the five major capitals led by Brisbane and Adelaide: Quarterly growth across the five major markets has moderated further to 2.70%, with massive

The post CoreLogic weekly house price update: Brisbane still booming appeared first on MacroBusiness.

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MacroBusiness Friday, January 21, 2022 - 00:01 Source

Global Macro / Markets / Investing: Taxing extreme wealth could lift 2.3 billion people out of poverty – CNN Fed to raise rates three times this year to tame unruly inflation – Reuters Bitcoin Futures Markets Signaling Volatility Ahead – Valkyrie Cryptocurrency Federal Reserve is in ‘deep trouble’ over ‘disaster’ balance sheet – Fox Business ‘Black

The post Links 21 January 2022 appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, January 20, 2022 - 17:00 Source

The French Parliament has approved a new law that effectively prevents citizens who are not vaccinated against Covid-19 from going out in public. I want to look at a couple of reports on the law and then consider whether this new law crosses a line. No Jab? No Social Life Euro Weekly News reports the…

The post Is Macron Being A Pr*ck? France’s New Vaccine Law appeared first on The AIM Network.

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The Australian Independent Media Network Thursday, January 20, 2022 - 16:32 Source

In 2015, the Climate Change Authority recommended emissions reduction targets for the government to take to the Paris climate conference: a 2025 target of 30 per cent below 2000 levels further reductions by 2030 of 40 to 60 per cent below 2000 levels In response, Labor proposed an emissions reduction target of 45% below 2005…

The post After the seven hottest years on record, Labor lessens its climate ambition appeared first on The AIM Network.

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MacroBusiness Thursday, January 20, 2022 - 16:30 Source

Stocks rebounded somewhat throughout the region today despite the continued selloff on stocks overnight, with risk currencies coming back a little against the USD in the wake of more inflationary concerns. Bitcoin remains stuck at the $42K level while gold surged overnight to put in a new monthly high and is holding on to those

The post Macro Afternoon appeared first on MacroBusiness.

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John Quiggin Thursday, January 20, 2022 - 16:01 Source

A fun and often useful way of getting perspective on events from what seems like the relatively recent past is to take the time interval between those events and the present, then count back an equal time into the past [1].

For example, The Beatles first big hit, Love me Do, came out 60 years ago, in 1962. Going back 60 years to 1902, the hits of that year included Scott Joplin’s ragtime number The Entertainer. The recent buzz around Get Back can be compared to the revival of interest in Joplin generated by the Newman-Redford movie The Sting[2]

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Renew Economy Thursday, January 20, 2022 - 15:39 Source

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Renew Economy Thursday, January 20, 2022 - 15:07 Source

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MacroBusiness Thursday, January 20, 2022 - 14:30 Source

Westpac chief economist Bill Evans is now forecasting that the RBA will begin lifting the cash rate from August. My view is that the RBA won’t start lifting rates until wage growth breaches 3%, which depends in part on the speed at which mass immigration is rebooted: In this note we set out some changes

The post Westpac: RBA to tighten from August appeared first on MacroBusiness.

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MacroBusiness Thursday, January 20, 2022 - 14:00 Source

CoreLogic has released its Quarterly Auction Market Review for the December quarter of 2021, which reveals that auction volumes surged 85% over the quarter to record highs: There were 42,918 homes taken to auction across the combined capital cities over the December 2021 quarter, up 85.1 per cent from the previous quarter (23,184) and more

The post Auction volumes surged 85% in Q4, dragging down prices appeared first on MacroBusiness.

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MacroBusiness Thursday, January 20, 2022 - 13:30 Source

A fortnight ago, I questioned why Novak Djokovic was required to be vaccinated to enter Australia to play in The Australian Open given he had already been infected twice with COVID, arguing “Djokovic likely has better natural protection than somebody that is vaccinated but has not had the virus”. Today, data has been released in

The post Prior COVID infection more protective than vaccination appeared first on MacroBusiness.

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MacroBusiness Thursday, January 20, 2022 - 13:00 Source

As already reported, Australia’s unemployment rate fell 0.4% in December to just 4.2% – the lowest reading since August 2008 just prior to the Global Financial Crisis: Total jobs rose by 64,700 to 13,242,000 people in December, with full-time jobs rising 41,500 and part-time jobs rising by 23,300: The participation rate remained dead flat at

The post ABS employment in detail: Workers rejoice at zero immigration appeared first on MacroBusiness.

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Renew Economy Thursday, January 20, 2022 - 12:54 Source

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Renew Economy Thursday, January 20, 2022 - 12:42 Source

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Renew Economy Thursday, January 20, 2022 - 12:37 Source

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MacroBusiness Thursday, January 20, 2022 - 12:30 Source

After yesterday announcing that he will flood the nation with exploitable temporary migrant labour, Prime Minister Scott Morrison has called on the states to allow children to drive forklifts: The ACTU’s Sally McManus and Liam O’Brien slammed the proposal, noting that forklift driving is one of the most dangerous jobs in Australia accounting for one-in-six

The post Morrison turns to child labour appeared first on MacroBusiness.

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MacroBusiness Thursday, January 20, 2022 - 12:05 Source

In today’s investment webinar (LIVE 12:30pm AEDT), MB Fund’s Chief Strategist David Llewellyn-Smith, Head of Investments Damien Klassen, and Senior Financial Advisor Sam Kerr pull apart the Chinese property market’s crash landing Agenda: After 30 years of boom, the Chinese property development market is going bust. Signature policies of “three red lines” and “common prosperity”

The post MB Fund Podcast: China’s Property Market crash lands in 2022 LIVE 12:30 AEDT appeared first on MacroBusiness.

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MacroBusiness Thursday, January 20, 2022 - 12:00 Source

These figures are questionable but they’re the best real-time data that we have. Westpac: The shift is coast-to-coast: But it is all staples not discretionary so caution remains: There is also some good if old news from the ABS. Payrolls held up going into Xmas with a little bit of wages growth to boot: Though

The post Some easing in private lockdown? appeared first on MacroBusiness.

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MacroBusiness Thursday, January 20, 2022 - 11:39 Source

The ABS has just released labour market data for December, with Australia’s unemployment rate plummeting to 4.2% after creating 64,800 jobs: According to Bjorn Jarvis, head of labour statistics at the ABS: “This is the lowest unemployment rate since August 2008, just before the start of the Global Financial Crisis and Lehman Brothers collapse, when

The post Australia’s unemployment rate plummets to 4.2% appeared first on MacroBusiness.

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MacroBusiness Thursday, January 20, 2022 - 11:30 Source

For years we have pointed to the incredible labour abuse embedded in Australia’s mass immigration model. Eventually, we won the debate with the core of Australian blue chip economics acknowledging this truth and demanding change, right up to and including the Reserve Bank of Australia. For just as many years, The Guardian’s Greg Jericho has

The post Hateful Jericho demands return of worker abuse appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, January 20, 2022 - 11:21 Source

By TBS Newsbot Faced with a labour shortage he helped create, Scott Morrison will ask the national cabinet if kids can legally drive forklifts. Scott Morrison’s national cabinet has taken a bizarre, almost Antoinette-Esque solution to the crisis of supply. Instead of letting people eat the cake they don’t have, Morrison wants children to drive…

The post What the dickens? Morrison wants kids driving forklifts appeared first on The AIM Network.

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MacroBusiness Thursday, January 20, 2022 - 11:00 Source

The RATs debacle is now caught in Morrison’s usual web of lies: Rapid antigen test vendors are telling their customers that kits bound for personal and workplace use are being diverted to the national stockpile, contradicting the Prime Minister’s vehement denial this is happening. Retailers such as Werko, Star Hygiene and HiCraft have blamed federal

The post Morrison’s plague outpaces his lies appeared first on MacroBusiness.

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