Blogotariat

Oz Blog News Commentary
Cheeseburger Gothic Tuesday, April 9, 2024 - 11:20 Source

Yes, I’m late to the Eclipseapalooza, but this Guide to the Eclipse was too good not to steal (from Medway on Facebook) in the unnatural End of Days darkness. The one about ‘When your double arrives’, sounds like a great idea for a book.

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MacroBusiness Tuesday, April 9, 2024 - 11:00 Source

International students have been the driving force behind Australia’s record net overseas migration boom: The latest temporary visa data from the Department of Home Affairs shows that there were a record 713,144 international students in Australia at the end of February 2024: This record surge in net overseas migration has more than halved Australia’s rental

The post Make universities house international students appeared first on MacroBusiness.

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Renew Economy Tuesday, April 9, 2024 - 10:56 Source
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Your Democracy Tuesday, April 9, 2024 - 10:32 Source

Ukraine spares clowns from military draft – RIACircus performers have been declared a category of special strategic importance not subject to conscription

The government in Kiev has designated several circus troupes as enterprises of critical importance, whose employees will be exempt from mobilization, two lawmakers confirmed on Monday.

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MacroBusiness Tuesday, April 9, 2024 - 10:30 Source

The Market Ear with its “perfect storm”. Trend please NASDAQ is up 1.3% from mid February highs. Tech needs a new trend. Refinitiv “Weird” VIX VIX was very well bid last week as the stress from Thursday was present into Friday as well, despite the market bouncing. Today, we are seeing VIX down, not your

The post Stocks entering “The perfect storm” appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 9, 2024 - 10:00 Source

Iron ore went nuts yesterday, as it is want to do on the Dalian exchange: Coking coal was a less volatile partner: There was zero support from Chinese steel futures but SGX joined in: There was some data to excite the uninitiated. CISA late March steel output climbed. But it remains well down year on

The post Another dead cat bounce for iron ore appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 9, 2024 - 09:30 Source

DXY is doing nothing: AUS has spent a few days ripping into “no landing” excitement but is technically stuck in a neutral wedge: No support from North Asia: Oil dipped and ripped. Gold bubble inflating: Along with base metals: Goldman got miners with a well-timed dead cat upgrade: EM still considering higher: Junk BTFD: But

The post Australian dollar rips into no landing appeared first on MacroBusiness.

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Renew Economy Tuesday, April 9, 2024 - 09:15 Source
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MacroBusiness Tuesday, April 9, 2024 - 09:00 Source

Wall Street was unable to translate its big boost from Friday night with the higher oil prices keeping risk sentiment in check. Most undollars finished the session higher with the Australian dollar breaking out above the 66 cent level. 10 year Treasury yields made a new high for 2024 above the 4.4% level while Brent

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Tuesday, April 9, 2024 - 08:15 Source
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MacroBusiness Tuesday, April 9, 2024 - 07:14 Source

Seek has released its preliminary job ads report for March, which includes both good and bad news. Job ads rose by 2.4% in March, meaning they have tread water since December. On the other hand, the number of applicants per job ad continued to rise, up 1.7% in February (latest available data), to be tracking

The post SEEK: Australian unemployment shock incoming appeared first on MacroBusiness.

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Your Democracy Tuesday, April 9, 2024 - 06:47 Source

U.S. President Joe Biden seems to be using a foreign acquisition of an American company as a rallying point for his upcoming re-election bid. Biden says Nippon Steel’s acquiring U.S. Steel will be a threat to national security, and the loss of a “national treasure.” The question is, “Is this Japanese buyout really the central issue?” By the time you’re done reading this report, you’ll understand why it is not.

 

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Renew Economy Tuesday, April 9, 2024 - 06:25 Source

Australian Prime Minister Anthony Albanese speaks to the media during a press conference ahead of the NATO Leaders’ Summit in Madrid.</body></html>

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John Quiggin Tuesday, April 9, 2024 - 05:03 Source

My latest in The Guardian

Supermarkets are the public face of inflation. Every time we go shopping, we are reminded that just about everything costs more than it did before Covid. And shrinkflation, once subtle and insidious, has become blatant. A standard chocolate bar is now what used to be called “fun size”. A natural response, particularly for politicians seeking to divert attention from themselves, is to blame greed and monopoly power.

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Your Democracy Tuesday, April 9, 2024 - 05:00 Source

 

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MacroBusiness Tuesday, April 9, 2024 - 00:05 Source

Last week’s dwelling approvals data from the Australian Bureau of Statistics (ABS) showed that the nation approved only 12,400 homes for construction in February in trend terms: This was the worst monthly result since April 2012 and represents a run rate around 40% below the Albanese government’s 1.2 million housing target, which requires 20,000 homes

The post Hyperinflation hits home building industry appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, April 8, 2024 - 22:09 Source

When Taylor Auerbach gets revenge on Seven West Media, Bruce Lehrmann and his former close friend, Steve “Jacko” Jackson, producer of Seven’s 2023 Trial and Error, an exclusive interview with the alleged serial rapist, all hell breaks loose. You can’t fault Taylor’s timing. Nor the dirt he’s about to dish. At the eleventh hour, Auerbach…

The post The Lehrmann show may hasten the demise of a hopelessly corrupted corporate media appeared first on The AIM Network.

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The Australian Independent Media Network Monday, April 8, 2024 - 17:42 Source

ActionAid Media Release   “It is difficult for us to choose a child and give them priority over another child so that they can live”: Doctors forced to make heartbreaking decisions over babies’ lives in Gaza amid soaring demand and equipment shortage. As World Health Day is marked globally today, doctors in Gaza are having to…

The post Gazan doctors forced to choose which children to save appeared first on The AIM Network.

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Your Democracy Monday, April 8, 2024 - 17:07 Source

WELCOME TO THE DAILY TELEGRAPH EXCLUSIVE HORROR STORY OF THE DAY: OUR YOUTH ARE ENCOURAGED TO DO CRIMES BY INSTAGRAM AND THE LIKES (SUCH AS FACEBOOK?)… WE’RE SHOCKED!

OR IS THIS REPORT — WITH A FRONT PAGE POSITION, A DOUBLE SPREAD OF TEXT AND PICTURES, PLUS A CARTOON AND AN “EDITORIAL” — A WAY TO GET BACK AT META FOR REFUSING TO PAY CASH FOR NEWS CONTENT GENERATED BY NEWS OUTLETS?

HUM….

 

GUS INVESTIGATES:

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MacroBusiness Monday, April 8, 2024 - 16:30 Source

A mixed start to the trading week here in Asia following the US jobs report on Friday night which came in hotter than expected and caused Wall Street to spike higher. This hasn’t translated into gains on Asian share markets today however with some pushback on USD as well, with the Australian dollar for instance

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, April 8, 2024 - 14:51 Source
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Renew Economy Monday, April 8, 2024 - 14:33 Source
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Cheeseburger Gothic Monday, April 8, 2024 - 14:14 Source

This weekend, I stumbled upon a show called "Sugar" on Apple TV, and I didn’t hate, which apparently makes me strange. It's like watching a modern detective series with PTSD flashbacks to Humphrey Bogart. Honestly, it's weird but in a good way and I couldn't stop watching it - until I ran out of eps

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MacroBusiness Monday, April 8, 2024 - 14:00 Source

Lord Charlton and Lady Pharcus need your help: Labor’s replacement treasurer Andrew Charlton (kidding, Jim) has found himself bereft of a tenant in one of the many luxury homes that he and barrister wife Phoebe Arcus own in their property portfolio. The going rate is $2250 per week for their empty $5m-plus terrace in Woollahra;

The post Lord Charlton needs your help appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, April 8, 2024 - 13:58 Source

By James Moore   There is a strong element of the crazed adrenalin junky in most journalists. We want adventure with the same fervor we seek the facts of a story. I was brimming with excitement driving toward hurricane landfalls and thought it thrilling that the road in the other direction was lined with vehicles seeking…

The post Counting the Dead appeared first on The AIM Network.

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Your Democracy Monday, April 8, 2024 - 13:46 Source

... In a scathing column in the Daily Mail, Johnson wrote that the attacks on the WCK convoy were “shattering” but then defended Israel, claiming it was sending warnings of the IDF’s attacks, which are “trying to use precision munitions”.

They are using precision munitions. They murder innocent people with them, including white people on aid missions.

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MacroBusiness Monday, April 8, 2024 - 13:30 Source

From your alternative PM: Cheaper power prices would be offered for residents and businesses in coal communities to switch from retiring coal-fired generators to nuclear power if the ­Coalition wins government. Peter Dutton has pledged that if elected, the ­Coalition could deliver the first small modular reactors into the grid by the mid-2030s, with British manufacturer Rolls-Royce understood

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Renew Economy Monday, April 8, 2024 - 13:28 Source
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MacroBusiness Monday, April 8, 2024 - 13:00 Source

The AFR is busy wetting the bed over the obvious: US Deputy Secretary of State Kurt Campbell has once more torn away the veil of what the AUKUS submarines are actually intended for: a potential war with China over Taiwan. Campbell has criticised the Albanese government’s public emphasis – and indeed that of his own

The post Welcome to JAUKUS! appeared first on MacroBusiness.

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MacroBusiness Monday, April 8, 2024 - 12:30 Source

The Emerson Report on supermarket gouging of suppliers is out. From the doyen Emerson himself: Smaller suppliers might be earning insufficient returns to warrant new investment in innovation and equipment that would enable them to offer better-quality products at lower prices. Some might describe this as desirable creative destruction, after economist Joseph Schumpeter, but that

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