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MacroBusiness Friday, November 26, 2021 - 14:00 Source

The Minister for Infrastructure, Barnaby Joyce, has reshuffled the board of Infrastructure Australia (IA) and directed it to adopt a greater regional and rural focus. Joyce has appointed former Tamworth mayor Col Murray (from Joyce’s own electorate) as IA chairman, which has prompted condemnation from Labor: Former Tamworth mayor Col Murray, who will take up

The post Barnaby Joyce hurls infrastructure pork at regions appeared first on MacroBusiness.

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Your Democracy Friday, November 26, 2021 - 13:41 Source

no secretno secret

Stephen K. Bannon, the former Trump White House adviser, has filed an opposition to the U.S. district court’s standard protective order for discovery, which prohibits either side from releasing documents or evidence publicly.

 

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Renew Economy Friday, November 26, 2021 - 13:37 Source

Vesta mcarthur wind farm turbine - optimised

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MacroBusiness Friday, November 26, 2021 - 13:30 Source

Australia’s auction market continues to fatigue after weeks of high listings: Last weekend’s final auction clearance rate was 70.3%, down heavily from 73.2% the prior weekend off 3720 auctions (up from 3,539 the prior weekend): As noted by CoreLogic: Maintaining volumes in excess of 3,000 for the fifth consecutive week, last week overtook three weeks

The post Record auction deluge to flood property market appeared first on MacroBusiness.

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Renew Economy Friday, November 26, 2021 - 13:24 Source

scott morrison Snowy

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MacroBusiness Friday, November 26, 2021 - 13:00 Source

In the lead up to the last federal election Prime Minister Scott Morrison promised a national anti-corruption commission. Instead, Morrison put forward a farcical model that experts believe will actually “hide corruption, not expose it”. According to Stephen Charles, Board member for the Centre for Public Integrity: Currently, Victoria’s IBAC is investigating in public hearings

The post Sly ScoMo rejects genuine anti-corruption commission appeared first on MacroBusiness.

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MacroBusiness Friday, November 26, 2021 - 12:30 Source

Below is an article I wrote for News.com.au: It’s been hailed as “early Christmas” gift for hospitality, but reopening international borders could have a big downside. This week, the Morrison Government announced that Australia will re-open its international border to overseas students, skilled visa holders and working holiday makers, with Home Affairs Minister Karen Andrews

The post Why opening international borders could ruin Australia’s economic recovery appeared first on MacroBusiness.

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Renew Economy Friday, November 26, 2021 - 12:21 Source

queensland large solar farm - canva - optimised

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Cheeseburger Gothic Friday, November 26, 2021 - 12:18 Source

I’m posting this because it made me smile for about four and a half minutes. Also, it made me wonder which actors haven’t been in a Marvel movie. There can’t be many left.

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MacroBusiness Friday, November 26, 2021 - 12:00 Source

Last week, Dr Cameron Murray – author of the Book Game of Mates – gave testimony to the parliamentary inquiry into housing affordability whereby he completely demolished the Coalition’s supply-side thesis. Dr Murray was asked via a question on notice to provide evidence to the inquiry that developers manipulate the land market to ration supply

The post Why developers ‘talk their book’ on land supply and planning appeared first on MacroBusiness.

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MacroBusiness Friday, November 26, 2021 - 11:40 Source

The Australian Bureau of Statistics (ABS) has released retail sales data for October, which rebounded by 4.9% after lockdowns ended across NSW, Victoria and the ACT: According to Ben James, Director of Quarterly Economy Wide Statistics at the ABS, the 4.9 per cent increase was the strongest monthly rise since Victoria’s first lockdown bounce back in

The post Retail sales surge post lockdowns appeared first on MacroBusiness.

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Renew Economy Friday, November 26, 2021 - 11:38 Source

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MacroBusiness Friday, November 26, 2021 - 11:30 Source

Victoria’s restrictions on unvaccinated 12 to 15 year-olds are currently the toughest in Australia, barring them from venues such as cafes, retail shops and restaurants, along with social and school activities. Earlier this week, several health experts questioned why a vaccine mandate is still necessary once the double-dosed rate reaches 90% to 95%. They believe

The post More experts slam Victoria’s child/teen vaccine mandate appeared first on MacroBusiness.

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Renew Economy Friday, November 26, 2021 - 11:00 Source

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MacroBusiness Friday, November 26, 2021 - 11:00 Source

Anthony Albanese’s Australian Labor Party (ALP) has stretched its two-party preferred lead over Scott Morrison’s Coalition, according to the latest Roy Morgan polling: ALP support is now at 55.5% (up 2% points since early November) cf. L-NP on 44.5% (down 2% points) on a two-party preferred basis according to the latest Roy Morgan Poll on

The post ALP stretches election winning lead over Coalition appeared first on MacroBusiness.

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xkcd.com Friday, November 26, 2021 - 11:00 Source

Directions from CITY OF TROY to ITHACA / Total time: 10y 54d 14h 25m / Warning: Route crosses an international border / route includes capture by the goddess Calypso / route includes a ferry

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MacroBusiness Friday, November 26, 2021 - 10:30 Source

Last month, the Canadian Government announced a plan to import 1.2 million migrants in just three years: Immigration Minister Marco Mendicino unveiled what he called an “ambitious” three-year immigration plan today that set targets for bringing skilled workers, family members and refugees into Canada. Canada aims to bring 401,000 new permanent residents in 2021, 411,000

The post Migrant influx stunts Canadian wages appeared first on MacroBusiness.

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MacroBusiness Friday, November 26, 2021 - 10:00 Source

Mizuho with the note: Central banks are often viewed as the guardians of inflation, but the Fed and ECB now face a predicament: with rapidly rising prices a political issue in the US and elsewhere, central banks that remain dovish have come under increased criticism and been forced to reframe some of their commentary. Rate

The post Central banks on defensive over inflation appeared first on MacroBusiness.

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Your Democracy Friday, November 26, 2021 - 09:54 Source

cloudcloud

Plans for a sunny summer full of hot days lazing on the beach are far less likely now that a La Nina weather pattern has taken hold over the Pacific Ocean, bringing a stream of wet easterly trade winds to Australia’s eastern seaboard.

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The Australian Independent Media Network Friday, November 26, 2021 - 09:37 Source

We’ve always all had the experience of watching the disappointing next series of a show we liked where it just doesn’t work for you any more… You know what I mean, it’s not that anything’s different or that the formula has changed, it’s just that it’s sort of that little bit staler because well, it’s…

The post Scotty Goes To War Or Series 3 Of “The Don’t Do Government”! appeared first on The AIM Network.

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MacroBusiness Friday, November 26, 2021 - 09:37 Source

A resurgence of COVID outbreaks across Europe is threatening the region’s economic recovery: Austria announced last week that it’s going back into a national lockdown. Skyrocketing infections in Germany have also sparked questions about whether the region’s largest economy could reimpose sweeping restrictions… Starting Wednesday, German employees must present a negative Covid test, their vaccination

The post COVID surge threatens Europe’s economic recovery appeared first on MacroBusiness.

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MacroBusiness Friday, November 26, 2021 - 09:36 Source

Victoria has recorded 1362 new COVID cases and seven deaths: By comparison, NSW recorded only 261 new COVID cases and zero deaths: Victoria’s daily cases have broken higher, recording the highest daily figure for around a month: Active cases have also risen: And hospital admissions have ticked higher: The divergence between Victoria and NSW remains

The post Victoria’s COVID cases ratchet back up appeared first on MacroBusiness.

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MacroBusiness Friday, November 26, 2021 - 09:30 Source

Overnight share markets were relatively quite given the US Thanksgiving holiday with European shares finally putting in a decent positive session, while bond market volatility was lower due to the closed markets. The USD was down slightly against the majors although the Australian dollar remained below the 72 cent level, while gold continues to struggle

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, November 26, 2021 - 09:00 Source

Goldman with the note: The November FOMC minutes provided little new insight into the FOMC’s tapering plans. All participants judged it appropriate to announce the start of tapering at the November meeting and “some” participants favored a faster taper, but the September minutes had already revealed that “several” participants advocated for a more rapid reduction

The post Goldman: US yields continue to rise on faster taper appeared first on MacroBusiness.

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Your Democracy Friday, November 26, 2021 - 08:54 Source

liarliar

The overwhelming impression the Morrison government has projected this week has been one of chaos, with revolts coming from the right and the left.

And that’s accurate. But, within the shambles, there has actually been one encouraging sign. We’re seeing a new generation of Liberal moderates belatedly raise their voices.

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Prosper Australia Friday, November 26, 2021 - 08:40 Source

What a saying! Like an entry price to life on earth. I picked that up from a Scottish 80’s zine by Steve Wall. I hope it resonates with you. Here is the editorial to Progress Magazine #1131, featuring key articles from leading thinkers such as Fred Harrison, Emily Sims, Cam Murray and Frank de Jong. […]

The post Rent is Like an Entry Price to Life on Earth first appeared on Prosper Australia.

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Renew Economy Friday, November 26, 2021 - 08:32 Source

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MacroBusiness Friday, November 26, 2021 - 08:00 Source

TS Lombard with the note: Not all inflation periods are created equal: when inflation is “demand-pull”(pro-cyclical), corporates are able to pass on PPI increases to customers. Historically, margins improve when inflation is pro-cyclical and contract when it is counter-cyclical. The current regime is pro-cyclical; we remain positive on margins and equities. Rising input costs do

The post For companies, not all inflation is created equal appeared first on MacroBusiness.

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Renew Economy Friday, November 26, 2021 - 07:07 Source

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Your Democracy Friday, November 26, 2021 - 06:39 Source

vindicatedvindicated

Prime Minister Scott Morrison has launched a scathing attack on the NSW anti-corruption watchdog, labelling it a “kangaroo court” that “did over’ former premier Gladys Berejiklian.

In a fiery defence of his government’s proposed federal integrity commission on Thursday, Mr Morrison said the government did not want to create anything like NSW’s Independent Commission Against Corruption

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