Blogotariat

Treasurer Jim “chicken” Chalmers loves to pose as a reformer of great reknown but is just another cookie-cut Canberra immigration sodomite. Jim Chalmers has issued a plea for a new era of “collaboration and compromise” from politicians, unions and business ­leaders, ­declaring a generational ­approach from all parties is ­needed to secure economic ­reforms that

The post Aussie chickens gather to hatch productivity appeared first on MacroBusiness.

As Australia’s mediocre media cheers another entirely predictable “shock” better than expected budget balance, a glance beyond our nose tells us that something much messier is squeezing down the pipe at speed. First, the good news. Westpac. While expenses are lower than profiled, higher than expected tax revenue drove much of the significant improvement in

The post Aussie bedpan economy about to make a big mess appeared first on MacroBusiness.

In recent weeks the issue of AI has been on the Albanese government’s agenda, as the run-up to the government’s “roundtable” on productivity continues. Treasurer Jim Chalmers has thrown his weight behind soft-touch regulation of AI, emphasising that the government’s priority is how it can be used to boost productivity rather than establishing guardrails for

The post AI to decimate Australian jobs by 2030? appeared first on MacroBusiness.

In an article last Monday for the ABC, Patricia Karvelas made the case that demographic shifts in the nation’s electorate would assist Labor in its efforts to tackle the issue of tax reform. “Labor’s timidity may finally be evaporating. The demographic shifts among Australia’s voting base also help Labor.  With Gen Y and Z now

The post Albo and the dwindling power of Australia’s young appeared first on MacroBusiness.

The Market Ear with the charts. What a week! “Markets are built to recover, we as humans are built to not trust it”  What a week with NDX up 4%, SPX/RTY +3% while US 10YR eased 10bp. This thanks to a rapidly improving macro backdrop, an increased enthusiasm around AI and light positioning. Any way

The post Stocks only go up appeared first on MacroBusiness.

I’ve held off posting this in the hope of coming up with some kind of positive response, but I haven’t got one.

When I wrote back in November 2024 that Trump’s dictatorship was a fait accompi there was still plenty of room for people to disagree. But (with the exception of an announced state of emergency) it’s turned out far worse than I thought possible.

The [UK] government’s plan to ban Palestine Action as a terrorist organisation is a hugely significant step in the steady erosion of civil liberties.

This decline began under Tony Blair’s premiership, was advanced by the last Tory government and is now pursued enthusiastically by Keir Starmer, a former human rights lawyer.

Republican Senator Lindsey Graham of South Carolina, one of the lead sponsors of the sanctions bill, stated earlier that the legislation would impose "bone-breaking sanctions" on Russia and its customers.

The Pentagon plans to spend nearly $40 billion from the US budget to strengthen the US military presence in the Asia-Pacific region by expanding its military and technical base.

How to Lose Geopolitical Influence in Asia and Sell It as a US National Security Strategy

Rebecca Chan

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As the Navy embarks on the ambitious AUKUS program, the Auditor-General has handed Defence a ‘C minus’ on the Canberra Class ship-building program. Rex Patrick reports.

Ever since the Navy took possession of the two Canberra-class landing Ships at a cost of $1.5B each, they’ve been mired in controversy about reliability.

“Accumulation of defects”. A-G report scathing on Navy shipbuilding

Energy efficiency is seen as the "first fuel" and is the main priority in the EU's energy policies. But in Australia it remains the "forgotten fuel", even as we electrify.

Ethics is basically a learned habit of behavior.  —  Aristotle.

Virtue is its own reward.  —  Plato.

Plato:  Welcome, Aristotle!  It’s been a while since I have seen you at the Academy.

Aristotle:  And it is good to see you as well my teacher.  And how have things been?

P:  I hear that you have had the honor of instructing the great Alexander in philosophy and morals.  How has that suited you?

Senate Republicans are racing to pass a budget bill that is pivotal to President Donald Trump's second-term agenda ahead of a self-imposed 4 July deadline.

Party leadership have been twisting arms for an initial vote on the "Big Beautiful Bill" on Saturday, following the release of its latest version - all 940 pages - shortly after midnight.