Blogotariat

Oz Blog News Commentary
John Quiggin Friday, March 29, 2024 - 15:07 Source

Daniel Kahneman, who was, along with Elinor Ostrom, one of the very few non-economists to win the Economics Nobel award, has died aged 90. There are lots of obituaries out there, so I won’t try to summarise his work. Rather, I’ll talk about how it influenced my own academic career.

Read more Views: 79
Your Democracy Friday, March 29, 2024 - 13:55 Source

Read more Views: 89
Your Democracy Friday, March 29, 2024 - 12:28 Source

In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military- industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.

— President Dwight D. Eisenhower’s Farewell Address  (1961)

Read more Views: 83
The Australian Independent Media Network Friday, March 29, 2024 - 11:38 Source

The curved course of the ubiquitous banana has often been the peel of empire, its sweetness masking a sharp, bitter legacy. Arab conquerors introduced it to the African continent as they cultivated a slave market. European imperialism did the same to the Americas via the Canary Islands, insinuating the luscious fruit into markets of solid…

The post Imperial Fruit: Bananas, Costs and Climate Change appeared first on The AIM Network.

Read more Views: 67
xkcd.com Friday, March 29, 2024 - 11:00 Source

Cesium-133, let it be. Cesium-134, let it be even more.

Read more Views: 40
The Australian Independent Media Network Friday, March 29, 2024 - 10:15 Source

In the past couple of weeks, the conservative parties have retained government in two jurisdictions across Australia, the (party political) Brisbane City Council and Tasmania. Before anyone scoffs at the Brisbane City Council, it is an amalgamation of around 20 shires and town councils that occurred in the 1920s Apart from managing the roads, rubbish…

The post The problems with a principled stand appeared first on The AIM Network.

Read more Views: 73
Your Democracy Friday, March 29, 2024 - 08:05 Source

London: I have just returned from a week in Ukraine and I can’t stop thinking about it.

History has judged Neville Chamberlain − who led Britain into World War II − poorly for his infamous 1938 observation of the conflict between Nazi Germany and Czechoslovakia as a “quarrel in a far away country, between people of whom we know nothing”.

Read more Views: 80
MacroBusiness Friday, March 29, 2024 - 08:00 Source

National treasuries and central banks usually move in lockstep on economic forecasts following consultation and coordination. On Wednesday, New Zealand Finance Minister Nicola Willis unveiled the Treasury’s half-yearly update, which slashed the nation’s growth forecast to only 0.1% for 2023-24, from 1.5% in the prior half-year update. This follows New Zealand’s Q4 GDP unexpectedly falling,

Read more Views: 69
MacroBusiness Friday, March 29, 2024 - 07:00 Source

No country has botched up its immigration policy more than Canada. The employment, housing, infrastructure, and healthcare systems are all in disarray. Canada’s population expanded by more than 1.2 million people last year, owing to record net overseas migration: This population surge has resulted in a severe housing shortage across Canada: Housing starts have fallen

The post Canada issues recession warning to Australia appeared first on MacroBusiness.

Read more Views: 90
Your Democracy Friday, March 29, 2024 - 05:41 Source

Last week’s terror attack on a Moscow concert venue has opened a Pandora’s Box of allegations by Russian officials accusing Western intelligence agencies and governments of secretly cooperating with, coordinating and masterminding the activities of international terrorist groups. Occasionally, however, Western actors don't even bother to hide it.

 

BY Ilya Tsukanov

 

Read more Views: 70
MacroBusiness Friday, March 29, 2024 - 00:10 Source

The Office of the Chief Economist has done better with commodity forecasting since its institution replaced the Bureau of Research and Energy Economics (BREE). But I fear its latest update falls into the old BREE trap of being too bullish, even though it appears bearish to the naked eye: The profile for Australian resource and

The post Albanese Govenment clueless Australia’s luck has run out appeared first on MacroBusiness.

Read more Views: 68
Renew Economy Thursday, March 28, 2024 - 21:17 Source
Read more Views: 78
Your Democracy Thursday, March 28, 2024 - 19:09 Source

US President Joe Biden has disparaged his Russian counterpart Vladimir Putin for the second time in two months, publicly calling him a “butcher” in connection with the Ukraine conflict.

Read more Views: 95
MacroBusiness Thursday, March 28, 2024 - 17:00 Source

Asian share markets are still in mixed conditions without any large economic catalysts and some lower volumes going into the Easter break. Last night’s solid lead from Wall Street has helped local stocks as the USD and bond yields continue their see-saw inversion. The still relatively high USD continues to weigh on the Australian dollar

The post Macro Afternoon appeared first on MacroBusiness.

Read more Views: 66
The Australian Independent Media Network Thursday, March 28, 2024 - 14:49 Source

The Australia Institute Media Release   Environment Minister Tanya Plibersek’s Department has approved a major part of Santos’ controversial Barossa gas export project, the Darwin Pipeline Duplication Project. The approval was made on 15 March, but only published on the DCCEEW website at 5:15 pm on 27 March, at the end of the parliamentary week and…

The post Government approves Santos Barossa pipeline and sea dumping appeared first on The AIM Network.

Read more Views: 86
The Australian Independent Media Network Thursday, March 28, 2024 - 14:39 Source

By Jane Salmon   If The Jackboots Actually Fit … Why Does Labor Keep Tripping Over Its Own Feet?  On Tuesday, a bunch of bright young refugees went to parliament to talk about their community contribution, their quest for permanent residency and what more they could give the nation if granted domestic tertiary study rights. They…

The post If The Jackboots Actually Fit … appeared first on The AIM Network.

Read more Views: 71
Your Democracy Thursday, March 28, 2024 - 14:12 Source

On October 16, 2023, Member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Commission for Foreign Affairs Wang Yi met with former leader of the Labour Party and former Prime Minister of the UK Tony Blair in Beijing.

Read more Views: 83
MacroBusiness Thursday, March 28, 2024 - 14:07 Source

On Thursday, the Reserve Bank of Australia (RBA) released credit aggregates data for February, which revealed that the growth in the stock of mortgage credit grew by only 0.4% over the month to 1.1% higher over the quarter. Owner-occupier credit (1.3%) continues to grow significantly faster than investor credit (0.7%). In the year to February,

The post Aussie investors engage in housing tug-of-war appeared first on MacroBusiness.

Read more Views: 61
Renew Economy Thursday, March 28, 2024 - 13:44 Source
Read more Views: 67
MacroBusiness Thursday, March 28, 2024 - 12:48 Source

The Australian Bureau of Statistics (ABS) has released jobs vacancy data for the three months to February, which shows that total job vacancies fell by 6.1% from November 2023. It was the seventh quarterly drop in a row, and job vacancies are now 23.5% lower than they were at their peak in May 2022. Separate

The post Aussie job vacancies crash back to earth appeared first on MacroBusiness.

Read more Views: 84
MacroBusiness Thursday, March 28, 2024 - 12:20 Source

The poor run of consumer data continues with the value of Australian retail sales growing only 0.3% in February, missing economists’ expectations of a 0.4% increase: Retail sales grew by only 1.6% year-on-year, well below the circa 2.5% population growth and 3.4% CPI inflation. The soft result came despite the stimulus from the Taylor Swift

The post Aussie retail sales disappoint economists appeared first on MacroBusiness.

Read more Views: 76
MacroBusiness Thursday, March 28, 2024 - 12:05 Source

Heads up, everyone! Due to the holiday, our live podcast will be postponed. Don’t worry, though! We’ve got you covered with a special replay of one of our favourite episodes. Stay tuned and enjoy the throwback! Get ready to supercharge your investment knowledge! Dive into ‘Megatrends 2024’ where the Nucleus Wealth Team looked at the

The post MB Fund Podcast REPLAY: Megatrends 2024 appeared first on MacroBusiness.

Read more Views: 85
Renew Economy Thursday, March 28, 2024 - 11:31 Source
Read more Views: 87
MacroBusiness Thursday, March 28, 2024 - 11:30 Source

If you want a textbook example of how Australia has entered the Twilight Zone on housing, look no further than the below gaslighting from The ABC celebrating the fact that a professional occupational therapist has been forced to rent a micro apartment in Marrickville, Sydney: Walking into her new studio apartment for the first time,

The post Australian Dream shrinks into micro apartments appeared first on MacroBusiness.

Read more Views: 64
MacroBusiness Thursday, March 28, 2024 - 11:00 Source

By Stephen Saunders Dominating “Huge Australia” stakeholders are a diverse lot. United however, by false immigration narratives that railroad voters. It is extremely difficult to counter in woke Australia.  In late 2022, the Treasury held the Jobs and Skills Summit, which featured 140 handpicked participants for Big (now Huge) Australia. No dissidents were allowed. Federal

Read more Views: 55
The Australian Independent Media Network Thursday, March 28, 2024 - 10:54 Source

The UN Security Council presents one of the great contradictions of power in the international system. On the one hand vested with enormous latitude in order to preserve international peace and security, it remains checked, limited and, it can be argued, crippled by an all too regular use of the veto by members of the…

The post Distinctions Without Difference: The Security Council on Gaza Passes appeared first on The AIM Network.

Read more Views: 66
Renew Economy Thursday, March 28, 2024 - 10:45 Source
Read more Views: 53
The Australian Independent Media Network Thursday, March 28, 2024 - 10:40 Source

By Callen Sorensen Karklis   Many Australians are heard saying that they’re feeling the pinch, especially at the checkouts! Gone are the days of Australia being the lucky country! Australia is well and truly amid a crippling cost of living and housing crisis because of excessive greed and bad policy. As Dorothy says in the Wizard…

The post How the supermarkets lost their way in Oz appeared first on The AIM Network.

Read more Views: 62
Your Democracy Thursday, March 28, 2024 - 10:31 Source

Russia rejects US sea annexations

American plans would violate international law, Moscow has said

Moscow does not recognize Washington’s attempt to illegally claim over a million square kilometers of maritime territory, including in the Arctic and the Bering Sea, the Russian Foreign Ministry has said.

Read more Views: 68
MacroBusiness Thursday, March 28, 2024 - 10:30 Source

Earlier this month, CoreLogic reported that rental growth had reaccelerated, with advertised rents climbing by 0.9% in February, the highest reading since March last year. This re-acceleration also saw the rolling quarterly change in rents rise to 2.4%, the highest since May last year. On Wednesday, the Australian Bureau of Statistics (ABS) released its monthly

The post Australian rental inflation surges higher appeared first on MacroBusiness.

Read more Views: 54

Pages