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MacroBusiness Sunday, August 17, 2025 - 16:58 Source

By Lucinda Jerogin, Associate Economist at CBA The RBA cut the cash rate by 25bp to 3.60% in a unanimous decision and was widely expected. The Wage Price Index printed broadly in line with expectations, rising by 0.8%/qtr in Q2 25 to be 3.4% higher annually. The unemployment rate retreated to 4.2% in July. The

The post The economic week ahead appeared first on MacroBusiness.

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Renew Economy Sunday, August 17, 2025 - 16:36 Source

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Your Democracy Sunday, August 17, 2025 - 16:00 Source

 

There is a hypothetical alternative version of the 12-minute joint press conference between Vladimir Putin and Donald Trump where the leaders announced they had in fact reached an agreement and it was one that bargained away parts of a country not permitted entry to the negotiating room. 

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MacroBusiness Sunday, August 17, 2025 - 11:57 Source

Last week, the Reserve Bank of Australia (RBA) cut the official cash rate by 0.25% to 3.60%, the third rate cut this year. Recent research from the Australian Financial Review showed that Australian home values typically rise by double-digit rates two years after the beginning of a rate-cutting cycle. This weekend’s preliminary auction results suggested

The post Buyers bull rush Aussie property appeared first on MacroBusiness.

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THE BLOT REPORT Sunday, August 17, 2025 - 10:58 Source

There has been a spate of vandalism and arson of synagogues, cars, a child-care centre, and sundry other sites in the last year or so. Politicians have labelled these attacks as antisemitic and at least some of them may be politically motivated, while the motivation of others is not so clear.

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Your Democracy Sunday, August 17, 2025 - 10:46 Source

Ten years ago ...., the people of Greece voted decisively in a referendum to reject the austerity program that the European Union wanted to impose on them. Yet the Greek prime minister, Alexis Tsipras, soon accepted a deal that was even more punitive.

 

Yanis Varoufakis on the Legacy of Greece’s Oxi Referendum

AN INTERVIEW WITH YANIS VAROUFAKIS

 

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Your Democracy Sunday, August 17, 2025 - 09:47 Source

Based on the original article I published in 2022, in light of the subsequent shift away from “representative democracy,” we need to be clear about what democracy really is. Otherwise, how can we know what we want or what we are willing to defend?

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Your Democracy Sunday, August 17, 2025 - 06:44 Source

The Australian Government risks breaking international law splashing billions in public money on Israel weapons deals. A Stephanie Tran analysis.

The Australian government has funnelled $2.5 billion of taxpayer funds to Israeli arms manufacturers over the past two decades via government contracts.

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Your Democracy Sunday, August 17, 2025 - 05:55 Source

English farmers used controlled burns of gorse 300 years ago. Too hot and dry even for cacti. Urbanisation induces genetic evolution in birds. China powering ahead with the roll out of wind and solar.

 

Peter Sainsbury

Environment: 18th century vicar describes controlled burning in English countryside

 

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Your Democracy Sunday, August 17, 2025 - 04:44 Source

The war in Ukraine will continue and Vladimir Putin has outmanoeuvred yet another US president.

These are the realities arising from the much-heralded meeting here in Alaska between Donald Trump and the Russian leader.

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Your Democracy Saturday, August 16, 2025 - 17:53 Source

Putin shares the view that allowing voters to send in ballots by mail undermines the validity of elections, Trump has told a US private TV broadcaster.

"Vladimir Putin, smart guy, said you can't have an honest election with mail-in voting," Trump told Fox News Channel's "Hannity" after the two leaders met in Alaska. "He said there's not a country in the world that uses it now."

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Your Democracy Saturday, August 16, 2025 - 15:15 Source

The killing of Al Jazeera journalist Anas al-Sharif is shocking but that it is a culmination of planned mass assassination of journalists by the Israeli Government is an outrage.

 

Jeremy Webb

Where is the outrage? Israel's systematic mass assassination of journalists

 

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Renew Economy Saturday, August 16, 2025 - 09:26 Source
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Your Democracy Saturday, August 16, 2025 - 08:18 Source

Richard Werner discussed three different views of banking during his appearance on the Tucker Carlson show:

  1. The financial intermediation theory;
  2. The fractional reserve theory (which includes the “money multiplier”);
  3. The credit creation theory

 

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Your Democracy Saturday, August 16, 2025 - 08:09 Source

DEAL-MAKING COULD BE THE MOST IMPORTANT CHARACTERISTIC OF HOMO SAPIENS — MORE THAN INVENTING THE WHEEL OR WHATEVER. WHEN GORBACHEV DECIDED TO "MAKE THE USSR GIVE UP THE COLD WAR", INSTEAD OF A SITUATION WHERE WE KILL YOU IF YOU TRY TO KILL US, THE DEAL BECAME LOPSIDED: THE WINNER OF THE COLD WAR WAS NOT GOING TO BE "NICE"... IT'S THE BASEST HUMAN NATURE: WE WIN THE RIGHT TO RAPE YOU... AND THE WEST TRIED TO DO THIS TO RUSSIA UNTIL PUTIN CAME ALONG....

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Your Democracy Saturday, August 16, 2025 - 06:19 Source

In 1867, the Russian empire sold Alaska to the US for $7.2 million. Perhaps the location of the upcoming summit between Donald Trump and Vladimir Putin is a nod and a wink to such a great deal? Maybe Putin will like Alaska so much he will have seller’s remorse? 

 

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Your Democracy Saturday, August 16, 2025 - 05:49 Source

Talks at the Russia-US summit in Alaska have formally begun, following the arrival of Russian President Vladimir Putin and his American counterpart, Donald Trump, in Anchorage.

The negotiations at Joint Base Elmendorf-Richardson on Friday, will focus on finding a settlement to the Ukraine conflict. According to Moscow, global “peace and security” as well as “further development of bilateral cooperation” in the economy and trade will also be on the agenda.

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MacroBusiness Saturday, August 16, 2025 - 00:05 Source

International Reading: Mark Cuban says companies should be taxed more for buying back their own shares – Business Insider The Trump family has raked in $3.4 billion over his two presidencies, new report says – The Independent Goldman stands by call that consumers will bear the brunt of tariffs after Trump blasts bank’s economist –

The post Weekend reading and MB media appearances appeared first on MacroBusiness.

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Your Democracy Friday, August 15, 2025 - 17:38 Source

Moscow is ready to present a clear stance at the upcoming summit between Russian President Vladimir Putin and his US counterpart, Donald Trump, which will mainly focus on the Ukraine conflict, Foreign Minister Sergey Lavrov has said.

In an interview with the Russia 24 broadcaster released on Friday, Lavrov – who has reportedly already arrived in Anchorage, Alaska, where the talks are set to take place – declined to speculate on potential results of the summit. 

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MacroBusiness Friday, August 15, 2025 - 16:00 Source

Asian share markets were dominated by Chinese data today with weakness across their domestic economy while Japanese GDP data came in slightly better than expected. Most markets are up as a result as Chinese traders expect more stimulus while the BOJ seems to be faring okay with its inflationary targets not pulling back growth. The

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, August 15, 2025 - 15:48 Source
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Renew Economy Friday, August 15, 2025 - 15:29 Source
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Renew Economy Friday, August 15, 2025 - 15:22 Source
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Renew Economy Friday, August 15, 2025 - 15:18 Source
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Renew Economy Friday, August 15, 2025 - 14:35 Source
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Renew Economy Friday, August 15, 2025 - 14:32 Source
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John Quiggin Friday, August 15, 2025 - 14:22 Source
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Renew Economy Friday, August 15, 2025 - 14:13 Source
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MacroBusiness Friday, August 15, 2025 - 14:00 Source

The Reserve Bank of New Zealand has slashed the official cash rate (OCR) by 2.25%, with further rate cuts expected. As illustrated below by Justin Fabo from Antipodean Macro, the reduction in the OCR has driven down the cost of new mortgages, which should have lifted housing demand and stimulated home prices. However, home values

The post New Zealand house prices plummet appeared first on MacroBusiness.

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John Quiggin Friday, August 15, 2025 - 14:00 Source

My latest in The Conversation

\A new road charge is looming for electric vehicle drivers, amid reports Treasurer Jim Chalmers is accelerating the policy as part of a broader tax-reform push.

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