Blogotariat

Chinese OEM installs a 26 MW offshore wind turbine at testing facility. It is the largest in the world, and with the longest blades.

Again and again the Australian Broadcasting Corporation (ABC) refers to what is being perpetrated by Israel on the people of Gaza as a ‘war’1-3. Everybody who has any understanding of what is going on knows this is a genocide.

Developer says newly approved 900 MW wind farm could start generating power by 2030, while federal government says it won't even start construction until 2031.

Westpac with the forecast. • Australia’s recovery stalled over the first six months of 2025, with the economy expected to have grown 0.4%qtr in Q2 and just 1.3%yr in six-month annualised terms – way below the RBA’s updated trend estimate of +2.0%yr. • The extent of the pull back in public demand has surprised on

The post The recovery that never was fades away appeared first on MacroBusiness.

Queensland's deputy premier is now repealing laws in order to kill wind projects and prevent new ones, with the latest victim being the 1.2GW Forest Wind project.

This is amusing to watch. Australia’s largest east coast exporter, Australia Pacific LNG in which Origin Energy owns a 27.5 per cent stake, is arguing for sweeping reforms that would rewire the domestic market and impose stricter obligations on rival producers to prioritise local buyers. By contrast, Santos — operator of the Gladstone LNG project

The post Gas cartel turns cannibal appeared first on MacroBusiness.

In the years since the pandemic first arrived on Australia’s shores in early 2020, the government has taken on a greater and greater role as a driver of economic activity. In the past five and a half years, day-to-day government spending as a proportion of GDP has risen by 4.2 percentage points above the pre-Covid

The post The hangover comes for the Aussie economy appeared first on MacroBusiness.

Couch potatoes are usually white... white TATTERS*.... They hate the news outlet called BogNews** because it ranks of extreme right wing views which they hate... But the Whitetatters need to feel good about themselves AND BogNews always deliver the ingredients: the Chinese are bad, the Russians are nasty, Israel is good and Labor (Australian Political Party) is presently leading Australia to perdition. America is TOPS...

Sometimes, markets really are stupid. The last time steel was at these prices, iron ore was $10 lower. Traders are so busy buying iron ore on the basis of anti-involution policies that they have forgotten reality. Reuters. China will push to cut steel production between 2025 and 2026, according to an official document reviewed by

The post Iron ore surges as steel collapses appeared first on MacroBusiness.

Victoria disease is the malady of endless Labor government leading to a mass immigration led economic model that destroys living standards via private sector crowding out, onerous public debt, industrial hollowing out and capital shallowing. Rinse and repeat. It is a national affliction but Victoria is it’s progenitor and the case most metastasised. What you

The post Victoria disease infects mainstream appeared first on MacroBusiness.

Australians have been trapped in a long, drawn-out per capita recession. As the following chart illustrates, Australia’s per capita GDP has recorded nine declines in the past 11 quarters. While the cumulative 1.7% decline in real per capita GDP is rather shallow compared to the early-1980s and 1990s recessions, it is the longest-running slump in

The post Australians remain trapped in the ‘recession zone’ appeared first on MacroBusiness.

Looking at the facts, there’s no reasonable conclusion except that US democracy is done for. But rather than face facts, I’m turning to fiction. So, here’s a story about the collapse of Trumpism, crony capitalism and the AI/crypto bubble. Fiction is a relatively unfamilar mode of writing for me, so critique (on style and structure rather than plausibility) is most welcome.

The crash of 2026

European Commission President Ursula von der Leyen has escalated her anti-Russia rhetoric, calling President Vladimir Putin a “predator”and reciting NATO’s talking point about a looming Russian threat to justify the EU’s push for accelerated militarization.