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Your Democracy Saturday, June 14, 2025 - 16:54 Source

As US President Donald Trump gears up for the first major military parade in the US in decades, protesters are planning "No Kings" events all over the country on Saturday.

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Your Democracy Saturday, June 14, 2025 - 11:19 Source

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Your Democracy Saturday, June 14, 2025 - 10:11 Source

Netflix will air a new series called "Our Universe", a six-part documentary produced by BBC studios. Modern cameras and technology incorporating CGI have been used to take viewers on an exploration of our universe, including some close-up shots of some fantastic animals. Morgan Freeman, the academy award winner, is the narrator of this iconic show which according to him*, has taken 13.8 billion years to reach this moment in the story of our Universe. 

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MacroBusiness Saturday, June 14, 2025 - 08:32 Source

DXY breaking down during Middle East war is about as clear a signal as any that something big has changed. It still couldn’t save AUD. Lead boots march on. The new safe haven. Metals no bueno. Miners suck the big one. EM meh. Junk loves WWIII. Yields up with oil, instead down with safe haven.

The post Australian dollar shot down by Middle East missiles appeared first on MacroBusiness.

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Your Democracy Saturday, June 14, 2025 - 06:51 Source

 

Israel has risked a potentially devastating conflict with Iran that could engulf the region and undermine the world economy with an unprovoked attack on nuclear facilities and Iranian leaders on Thursday, reports Joe Lauria.

Israel has opened the gates of hell in the Middle East.

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Your Democracy Saturday, June 14, 2025 - 06:24 Source

She Won. They Didn't Just Change the Machines. They Rewired the Election.How Leonard Leo's 2021 sale of an electronics firm enabled tech giants to subvert the 2024 election.

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Your Democracy Saturday, June 14, 2025 - 05:45 Source

The commercial or mainstream press is a megaphone for the ruling class. It genuflects before establishment politicians, generals, intelligence chiefs, corporate heads and hired apologists who carried out the corporate coup d’état that created our system of inverted totalitarianism.

 

Journalists and Their Shadows (w/ Patrick Lawrence) | The Chris Hedges Report

 

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MacroBusiness Saturday, June 14, 2025 - 00:05 Source

International Reading: Trump to Dismantle FEMA After 2025: Let the States Handle It – Atlas News French drivers sue Tesla claiming Musk turned cars into ‘extreme-Right’ symbol: Tesla owners in France have filed a lawsuit against Elon Musk – IBC Canadian Boycott Of U.S. Travel Is Going Stronger Than Ever, New Data Says – Forbes

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

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Renew Economy Friday, June 13, 2025 - 19:34 Source

Woodside Energy’s North West Shelf (NWS) gas project Western Australia

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Your Democracy Friday, June 13, 2025 - 17:53 Source

The US Defense department is reviewing the 2021 AUKUS submarine deal with the UK and Australia, the Financial Times reported earlier. The review is being led by Elbridge Colby, a senior defense official known for his past skepticism of the pact.

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Renew Economy Friday, June 13, 2025 - 16:01 Source
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MacroBusiness Friday, June 13, 2025 - 16:00 Source

The Israeli war on Iran has dominated the final session of the trading week here in Asia with all share markets finishing in the red, with a very small bid towards the USD for a safe haven bid, except gold. The Australian dollar was also finally pushed back below the 65 cent level in the

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, June 13, 2025 - 15:56 Source
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John Quiggin Friday, June 13, 2025 - 13:37 Source

Hi everyone

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Renew Economy Friday, June 13, 2025 - 13:21 Source
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MacroBusiness Friday, June 13, 2025 - 13:13 Source

Australia’s cafe industry is on the verge of collapse. Over the past two decades, there has been an explosion in the number of cafes operating across Australia. IBIS World estimates that more than 27,000 cafes are operating in Australia, employing 139,000 people. Competition is intense, with multiple cafes often operating at the same locations. However,

The post $8 coffees will bankrupt cafes appeared first on MacroBusiness.

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MacroBusiness Friday, June 13, 2025 - 12:30 Source

The Reserve Bank of New Zealand has cut the official cash rate by 2.25% to 3.25% over the past nine months. The rapid monetary easing was in response to a sharp decline in GDP and national income: New Zealand’s unemployment rate also shot up to 5.1% as of Q1 2025: The latest batch of data

The post Reserve Bank must stimulate sagging economy appeared first on MacroBusiness.

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Your Democracy Friday, June 13, 2025 - 12:22 Source

As a programme partner, Australian businesses are supplying components for the entire F-35 fleet, not just Australian aircraft. Every F-35 built contains some Australian parts and components.

In total, more than 70 Australian companies have been awarded export contracts valued at AU$4.13 billion. These contracts will provide more than 3,000 high-tech manufacturing jobs for Australian industry.

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Renew Economy Friday, June 13, 2025 - 12:04 Source
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MacroBusiness Friday, June 13, 2025 - 12:00 Source

The Victorian government has set a delusional target to deliver 95% renewable energy by 2035. These targets are legislated in the Renewable Energy (Jobs and Investment) Act 2017 (Vic), namely: 25% by 2020 (achieved) 40% by 2025 65% by 2030 (previously 50%) 95% by 2035 (new). Victoria’s renewable energy targets overlook the reality that wind

The post Victoria is headed for energy Armageddon appeared first on MacroBusiness.

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Your Democracy Friday, June 13, 2025 - 11:40 Source

Britain’s defence secretary, John Healey, walked through oncoming traffic to escape questions about why the UK is still sharing military intelligence with Israel.

Healey told Declassified he had “nothing more to add” about the hundreds of Royal Air Force (RAF) surveillance flights over Gaza.

The flights have continued despite Keir Starmer’s government placing sanctions on two far-right Israeli ministers whose roles include national security and defence.

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MacroBusiness Friday, June 13, 2025 - 11:00 Source

For a textbook example of how Australia’s housing affordability debate has been perverted, look no further than the latest Housing Affordability Report from the Bankwest Curtin Economics Centre. Alan Duncan, Director of the Bankwest Curtin Economics Centre, penned an opinion piece in WA Today blaming a lack of supply for Australia’s housing crisis: While interest

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Renew Economy Friday, June 13, 2025 - 10:58 Source
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Renew Economy Friday, June 13, 2025 - 10:02 Source
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MacroBusiness Friday, June 13, 2025 - 10:00 Source

SQM Research released its rental vacancy rate for May, which fell 0.1% over the month to a historically low 1.2% nationally—the same level as last year. While all markets are tight, Sydney (1.5%) and Melbourne (1.5%) have significantly higher vacancy rates than the other capital cities, which are all tracking below 1.0%. Nationally, the rental

The post Australia’s rental crisis is ongoing appeared first on MacroBusiness.

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xkcd.com Friday, June 13, 2025 - 10:00 Source

[desperately] Maybe this is from some country where they use commas as decimal points, and also as digit separators after the decimal, and also use random other characters for decoration???

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Renew Economy Friday, June 13, 2025 - 09:31 Source
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MacroBusiness Friday, June 13, 2025 - 09:00 Source

A stronger than expected US initial jobless claims print  – the third week in a row that was well above expectations – gave bond and currency markets a bit of a shakeup but was overshadowed by increased Iranian tensions with the US and the plainly not-a-deal US-China trade deal. Wall Street still managed to turn

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Friday, June 13, 2025 - 08:18 Source
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MacroBusiness Friday, June 13, 2025 - 08:00 Source

I reported on Thursday how an unexpected outage at Victoria’s second-largest coal-fired power station had heightened concerns that colder weather could strain the market and drive up wholesale electricity prices. I noted that the renewables would use the outage as an opportunity to label coal-fired generation “unreliable” and as justification for Labor’s renewables rollout to

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