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MacroBusiness Monday, October 18, 2021 - 09:27 Source

Victoria has recorded another 1903 locally acquired COVID cases and seven deaths: Reported yesterday: 1,903 new local cases and 0 cases acquired overseas. – 32,405 vaccines administered – 69,825 test results received – Sadly, 7 people with COVID-19 have died More later: https://t.co/OCCFTAchah#COVID19Vic #COVID19VicData pic.twitter.com/Z3nM6bpAQv — VicGovDH (@VicGovDH) October 17, 2021 By comparison, NSW recorded

The post Victoria’s COVID cases rise, NSW’s cases fall appeared first on MacroBusiness.

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MacroBusiness Monday, October 18, 2021 - 09:00 Source

The media was swept up in old news late Friday when we saw this gem drop: Chinese central bank on Friday tried to sooth market concerns over debt woes at embattled China Evergrande Group and other property developers, saying the spillover effect for the banking system is controllable. Financial institutions’ risk appetite for the real

The post Chinese policymakers fight each other as property goes bust appeared first on MacroBusiness.

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John Quiggin Monday, October 18, 2021 - 08:58 Source

Back again with another Monday Message Board.

Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link.

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MacroBusiness Monday, October 18, 2021 - 08:00 Source

Auction clearance rates were universally strong over the weekend despite massive volumes. The national preliminary clearance rate was 81.8%, down only slightly from the 83.3% recorded the prior weekend. This was off a whopping 2,920 volumes, up from the prior weekend’s 2,727. Sydney’s preliminary clearance rate ran hot at 85.0% versus 83.2% the prior weekend,

The post Auction markets boom again appeared first on MacroBusiness.

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MacroBusiness Monday, October 18, 2021 - 00:10 Source

The AFR’s political editor Phil Coorey on Friday claimed fringe elements on the left and right of the political spectrum are the ones pushing back against NSW Premier Dominic Perrottet’s call for a massive increase in Australia’s immigration intake to more than 400,000 people a year: [NSW] recommended a doubling of the pre-pandemic immigration rate

The post Attention Phil Coorey: the mainstream, not fringe, wants lower immigration appeared first on MacroBusiness.

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MacroBusiness Monday, October 18, 2021 - 00:08 Source

DXY was stable Friday night: The AUD was a one way rocket: As the record short tasted vomit for the first time: The commodity bubble inflated: But not iron ore miners: The bubble has given EM stocks a reprieve: But junk still fell: Treasury yields backed up some more but the curve appear to be

The post Shorts puke the Australian dollar appeared first on MacroBusiness.

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MacroBusiness Monday, October 18, 2021 - 00:01 Source

Global Macro / Markets / Investing: The booming business of knitting together the world’s electricity grids – The Economist The Great Supply-Chain Massacre by Diane Coyle – Project Syndicate Startups are betting on a psychedelic gold rush – VOX Inequality is an urban affair, and it’s due to new tech – VOX Is Fed’s Inflation

The post Links 18 October 2021 appeared first on MacroBusiness.

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Your Democracy Sunday, October 17, 2021 - 19:14 Source

coffeecoffeeMore Than Just a Coffee Shop: Ex-CIA Agent Says Spies Use Starbucks to Meet Handlers In her book, the former recounts her eight years at the Central Investigation Agency (CIA) and reveals some interesting details.  Spies use Starbucks coffee shops to meet their handlers, ex-CIA agent Amaryllis Fox writes in her book "Life Undercover: Coming of Age in the CIA." Fox explains how such rendezvous were set up:

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Your Democracy Sunday, October 17, 2021 - 17:28 Source

joycejoyce

Deputy Prime Minister Barnaby Joyce is insisting the Nationals will not be bullied into backing a target of net zero carbon emissions by 2050, as he also ruled out supporting more ambitious short-term climate targets.

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Renew Economy Sunday, October 17, 2021 - 16:05 Source

Senate committee endorses offshore wind bill, a key stepping stone to several huge project proposals that could help kick coal out of system.

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Renew Economy Sunday, October 17, 2021 - 15:33 Source

As Nationals MPs met to see if they could make coal great again, solar delivered more than half of grid demand for first time, and coal output hit record low.

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THE BLOT REPORT Sunday, October 17, 2021 - 10:20 Source

St Hilda’s Anglican School for Girls is a private school in Perth1. For girls to attend, they charge $17,786 for Kindergarten and $27,120 for Year 12, with other years being in between2, so it is mostly for the upper crust of Western Australian society.

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MacroBusiness Sunday, October 17, 2021 - 09:58 Source

Victoria has recorded 1838 locally acquired COVID cases and seven deaths over the past 24 hours: Reported yesterday: 1,838 new local cases and 0 cases acquired overseas. – 38,977 vaccines administered – 73,501 test results received – Sadly, 7 people with COVID-19 have died More later: https://t.co/OCCFTAchah#COVID19Vic #COVID19VicData pic.twitter.com/5Agn4U5kx2 — VicGovDH (@VicGovDH) October 16, 2021

The post Victoria’s COVID outbreak dwarfs NSW appeared first on MacroBusiness.

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Your Democracy Sunday, October 17, 2021 - 06:51 Source

peterpeter

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New Politics Sunday, October 17, 2021 - 01:26 Source

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Club Troppo Sunday, October 17, 2021 - 00:21 Source

This post began as a comment on

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Club Troppo Sunday, October 17, 2021 - 00:21 Source
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George Monbiot Saturday, October 16, 2021 - 21:03 Source

Gangs of thugs rampage through the countryside. Yet the police look the other way, and the government does nothing.

By George Monbiot, published in the Guardian 13th October 2021

Something is going badly wrong in the countryside. For years, despite abundant video evidence, bloodsports enthusiasts have intimidated and attacked people who criticise and seek to monitor them, with apparent impunity.

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The Australian Independent Media Network Saturday, October 16, 2021 - 18:46 Source

“…the mass of mankind has not been born with saddles on their backs, nor a favoured few booted and spurred, ready to ride them…”  Thomas Jefferson “It’s not just a health crisis, it’s an economic crisis.” Dominic Francis Perrottet, a gangly colt by Gordon Gecko out of Margaret Thatcher in party apparatchik’s blue tie saddle-cloth,…

The post Hey, hey, it’s Perrottet. Can Morrison survive? appeared first on The AIM Network.

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The Australian Independent Media Network Saturday, October 16, 2021 - 17:25 Source

It was not for everybody, but the shock advertising tactics of the Australian comedian Dan Ilic made an appropriate point. Australia’s Prime Minister Scott Morrison, a famed coal hugger, has vacillated about whether to even go to the climate conference in Glasgow. Having himself turned the country’s prime ministerial office into an extended advertising agency,…

The post Cheap Grace and Climate Change: Australia and COP26 appeared first on The AIM Network.

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THE BLOT REPORT Saturday, October 16, 2021 - 14:41 Source

Last year we had our first lockdown to help cut down the spread of Covid-19 and one of the enjoyable parts of the end of lockdown was getting rid of my Covid mullet, which had my hair longer than it had been since the 1980s1.

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John Quiggin Saturday, October 16, 2021 - 12:58 Source

It seems almost inconceivable that the culture wars that have dominated Australian public life for decades could end, and with victory for the progressive side on nearly every front.  And I have made premature predictions to this effect before. 

 But consider the following list of events over the last couple of years, many in the last few months.

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MacroBusiness Saturday, October 16, 2021 - 09:29 Source

Victoria has recorded another 1993 locally acquired COVID cases and seven deaths over the past 24 hours: Reported yesterday: 1,993 new local cases and 0 cases acquired overseas. – 40,386 vaccines administered – 79,214 test results received – Sadly, 7 people with COVID-19 have died More later: https://t.co/OCCFTAtS1P#COVID19Vic #COVID19VicData pic.twitter.com/kfkOaAUBOo — VicGovDH (@VicGovDH) October 15,

The post COVID update: Cases fall across VIC and NSW appeared first on MacroBusiness.

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The Australian Independent Media Network Saturday, October 16, 2021 - 06:00 Source

Watching Barnaby Joyce being interviewed by Lee Sales on 7.30 last Tuesday was like an over the hill comedian in the final throes of his decline. He couldn’t get through a line without fluffing it. In doing so, he refused to answer any questions at all to the point where one wondered what on earth…

The post If the Nat’s don’t join Rupert’s crusade, he will finish them appeared first on The AIM Network.

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THE BLOT REPORT Saturday, October 16, 2021 - 00:46 Source
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MacroBusiness Saturday, October 16, 2021 - 00:01 Source

Global Macro / Markets / Investing: New Research from Groundwork Collaborative Shows Link Between Price Hikes, Monopoly, and Corporate Greed – Groundwork Collaborative The climate disaster is here – an interactive – The Guardian The Impact of Public Debt on Economic Growth – Cato High Inflation Is Here To Stay – Reason How natural disasters

The post Weekend Reading 16-17 October 2021 appeared first on MacroBusiness.

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Your Democracy Friday, October 15, 2021 - 20:53 Source

screamingscreaming

Say what you like about Matt Canavan. At least he’s consistent.

That is, unlike his boss, the Prime Minister, News Corporation, and the Business Council of Australia.

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Your Democracy Friday, October 15, 2021 - 19:37 Source

nswnsw

The federal opposition likes to deride Scott Morrison as the Prime Minister for New South Wales.

But with a new leader in that state it's increasing clear that it's not the opposition causing him headaches but a man fast earning a reputation as the Premier of Australia, Dominic Perrottet.

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The Australian Independent Media Network Friday, October 15, 2021 - 16:59 Source

So far as I can see, most of those who claim to be ‘Christian’ are actually adhering to a cult. I grew up in a Christian (Presbyterian)  household, I studied the Old and New Testaments at a C of E school, (as well as Comparative Religion) and am now sufficiently uncertain as to the existence…

The post Why is our government holding us back? appeared first on The AIM Network.

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Your Democracy Friday, October 15, 2021 - 16:28 Source

queenqueen

London: The Queen has been caught on camera expressing annoyance with “irritating” world leaders who won’t attend next month’s crunch climate summit in Glasgow.

The 95-year-old monarch, who has studiously avoided wading into contentious political matters during her reign, shared the unguarded views about COP26 during a conversation with Camilla, the Duchess of Cornwall, and Welsh politician Elin Jones.

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