Blogotariat

In February last year, Andrew Wilkie introduced a Private Members Bill, seconded by Zali Steggall, calling for an end to the immoral, illegal, and extremely expensive practice of indefinite and arbitrary immigration detention. In presenting the Bill, Wilkie drew attention to the staggering cost of this irrational cruelty. It costs approximately $346,000 to hold someone…

I first became aware of this some hours after it happened, and I find it hard to fathom what was going through Morrison’s mind, such as it is, when responding to a question from a journalist. At a press conference, said journalist asked Morrison what he thought about “the man that’s been charged over the death of the missing nine-year old girl”. Strangely, Morrison said he had been following the case ‘privately’ and, in response to the question, said: “I can‘t imagine what the parents and their community have been going through. And I – look, you know, hope for the best and pray for it but it doesn‘t always occur.

simpsons

“The Simpsons” predicted in 2007 that government would become so inept they’d need to enlist the help of actor Tom Hanks to gain back credibility, and the Biden administration appears to be doing just that.

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Powerful evidence suggests that fishing fleets are deliberately dumping their used nets and lines at sea, threatening the complete collapse of marine ecosystems.

By George Monbiot, published in the Guardian 19th January 2022

Stocks are tanking across the region in response to the late and disconcerting selloff on Wall Street overnight which is likely to continue as major companies like Netflix continue to miss their earnings. The USD remains very strong against most of the majors, with the Australian dollar pushed back below the 72 handle while safe

The post Macro Afternoon appeared first on MacroBusiness.

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During the past four decades in which home ownership among Australians aged 25-34 has sunk from around 60% to 45%, home ownership among the same age group in Singapore has climbed from around 60% to 88%. There’s a good chance that’s because Singapore is doing something right. What Singapore has that Australia does not is a public

The post Australia should look to Singapore to fix housing crisis appeared first on MacroBusiness.

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The polymerase chain reaction (PCR) test has been the mainstay of COVID-19 testing. But reliance upon such a regime, which requires the administration of middlingly competent personnel at appropriate testing sites, has caused its fair share of global disruption.   The dreaded queue, where one waits for hours only to be possibly turned away for…

The post Surrender, Accommodation and RATs appeared first on The AIM Network.

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Federal police have launched an investigation into the price-gouging of rapid antigen tests.

A specialist taskforce has been set up by the AFP, after investigations began in NSW and Queensland following referrals from the consumer watchdog.

Retailers caught price-gouging on the tests have been warned they will face five years in prison.

Sales of new detached houses is at levels previously only observed when there is direct government stimulus, according to new home sales data from the Housing Industry Association: “Sales of new detached homes increased by a further 11.3 per cent in December,” stated HIA Economist Tom Devitt. The HIA New Home Sales report – a

The post Pandemic drives “super cycle” of housing demand appeared first on MacroBusiness.

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The attitude in markets is all one-way: China’s central bank set its strongest reference rate for the yuan in three years in a sign it’s loosening its grip on the currency amid a relentless rally. The People’s Bank of China set the reference rate at 6.3485 per dollar, the strongest since May 2018, similar to

The post What is holding up the yuan? appeared first on MacroBusiness.

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