Blogotariat

New data from the Department of Home Affairs shows that at the end of February, the number of international students in Australia hit a record high of 713,144, whereas the number of temporary migrants in Australia hit a record high of 2.8 million (nearly 2.4 million excluding visitors). The below charts from Justin Fabo at

The post Albo lies his way out of rental crisis appeared first on MacroBusiness.

Soaring rents are dominating the headlines in both Australia and Canada but not elsewhere. Both countries are running extreme immigration programs. Join us in this week’s investment podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen discusses what it means for these two countries from a macroeconomic perspective vs countries that do not have the

Over and above industrial-scale mass murder of individual people—Israel is engaged in the eradication of Gazans as a People ~ilana

Inarguably, to condemn Israel’s industrial-scale campaign of slaughter and starvation in Gaza ought to be ethically straightforward. Basic really.

Asian share markets are selling off across the board as risk sentiment inverts despite the strong economic data out of the US overnight. Tonight’s ISM services print might extend the concerns that the Fed may indeed delay rate cuts with the USD still falling but not yet making a major dent against the major currencies,

The post Macro Afternoon appeared first on MacroBusiness.

Japan researchers flag new material that is pushing limits in energy density and stability, but crucially can work -- in the lab -- at sub-zero temperatures.

Australia's renewable share showed moderate gains in the March quarter, with three states showing gains and two steps going backwards.

The wheels continue to fall off New Zealand’s economy, which is floundering in recession. Late last month, Statistics New Zealand released the country’s national accounts, which showed that Q4 GDP unexpectedly fell, whereas earlier data was revised down heavily. The next chart from Dr Cameron Murray at Fresh Economic Thinking tells the tale, with real per

The post Recession reality smacks Reserve Bank in face appeared first on MacroBusiness.

At 5.31pm yesterday I sent Audible the first draft of Sleeper Agent 2. For a bridging book it came out remarkably fast and easy at the end. Origin stories are great fun but they can lead to the dreaded Difficult Second Novel trap.

Not so this time. I think I know why it went so smoothly. I had a Julia Duffy/Dan Black moment about half way through. Unplanned, and massively counter to what I actually did have planned, but I decided to roll with it.

Another one bites the dust: A global company involved in the construction sector and headquartered in Australia has plunged into administration. On Wednesday morning, five companies under the banner of LVX Global Group appointed administrators to drastically turn their fortunes around. LVX is an infrastructure engineering business that offers strategy, engineering and project management in

The post Aussie builders fall like flies appeared first on MacroBusiness.

Australia's electricity grid - still dominated by fossil fuels - is to have a hefty "shadow" carbon price that will guide regulatory and policy decisions, and help meet the country's ambitious renewable ener

Utilities tend to treat solar and batteries as threats to their power grids. California’s policy will now tap their flexible power to benefit the grid instead.

Iron ore is at ridiculously inflated prices around $100. But if you spend what you don’t have, then even a small pay cut pulls your pants down: Speaking to Sky News Australia Chief Anchor Kieran Gilbert on Tuesday, Mr Chalmers was asked how concerned he was about the drop in iron ore, and its impact

The post Iron ore pulls Treasurer Chalmers pants down appeared first on MacroBusiness.