|
MacroBusiness
Monday, August 11, 2025 - 10:00
Source
Earlier this year, economist Chris Murphy noted that the historical effective average income tax rate in the first two decades of this century was 23%. Even with stage three income tax cuts worth around $23 billion per year, Murphy warned that bracket creep would lift the average tax rate by two percentage points to 25% The post Australian workers face decades of pain appeared first on MacroBusiness. |
xkcd.com
Monday, August 11, 2025 - 10:00
Source
|
|
The Tally Room
Monday, August 11, 2025 - 09:30
Source
With a few elections finishing up, I have now made a number of additions to the Tally Room’s data repository. |
MacroBusiness
Monday, August 11, 2025 - 09:30
Source
Australia currently has the highest share of temporary migrants and international students as a percentage of our population in the advanced world. The latest temporary visa data from the Department of Home Affairs shows that there were a record 2,460,000 temporary migrants in Australia (excluding visitors) in Q2 2025. This figure was up a whopping The post Australia declares open season on visa racketeering appeared first on MacroBusiness. |
|
MacroBusiness
Monday, August 11, 2025 - 09:00
Source
Friday night saw most stock markets rise including the NASDAQ which put in another record high despite obvious concerns that asset prices are overextended, but traders are betting on forthcoming cuts from the Federal Reserve amongst others in the battle against the Trump regime’s tariffs. The USD was mixed or lower against the majors although The post Macro Morning appeared first on MacroBusiness. |
Your Democracy
Monday, August 11, 2025 - 08:54
Source
You are being watched. Not just by a camera or a satellite or a data broker. But by your smart mirror.Your fitness ring.Your gut biome dashboard.Your digital assistant that noticed you’ve been coughing more lately.
Precision Consumer 2030: Wellness as a Window into YouBY Zakariyas James
|
|
MacroBusiness
Monday, August 11, 2025 - 08:00
Source
DXY was uncertain Friday night. AUD too. Lead boots are stalled. Gold is sniffing Fed capitulation. Oil is sniffing Ukraine peace. Metals are trading DXY. The big bear is intact. EM trying again. But junk stalled. As yields popped, sniffing the opposite of gold. The bubble expands. This week, the big report is the US The post Australian dollar enters tariff death zone appeared first on MacroBusiness. |
Renew Economy
Monday, August 11, 2025 - 07:54
Source
|
|
John Quiggin
Monday, August 11, 2025 - 07:13
Source
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. |
Your Democracy
Monday, August 11, 2025 - 06:21
Source
Donald Trump chose Alaska as the place to hold his meeting with Vladimir Putin for two reasons, argues Tiberio Graziani, chairman at Vision & Global Trends - International Institute for Global Analyses: To assert his administration’s intent to “enhance the US' role as a diplomatic actor”
Putin and Trump May 'Reconfigure the World Order' in Alaska
|
|
Your Democracy
Monday, August 11, 2025 - 05:55
Source
My new report prepared for Friends of the Earth Australia demonstrates that the development of a nuclear-powered, conventionally-armed nuclear submarine fleet entails multiple public health risks and would inevitably suffer from delays and cost-blowouts. |
Your Democracy
Monday, August 11, 2025 - 04:44
Source
President Donald Trump and his supporters have turned the US Government into a juggernaut that uses cruel and often immoral and illegal means to amass power and protect and increase the wealth of a select few, notably Trump himself.
Too late
|
|
Your Democracy
Monday, August 11, 2025 - 04:22
Source
Washington is not going to fund Ukraine anymore, US Vice President J.D. Vance told Fox News on Sunday. Ukraine’s European backers can buy the weapons from American producers if they want to continue supporting Kiev, and the US will be “okay with that,” Vance added. “But we're not going to fund it ourselves anymore,” he said. |
MacroBusiness
Monday, August 11, 2025 - 00:01
Source
ANZ has a hilarious cash rate analysis today. It has been, and remains, one of the most hawkish forecasters. We expect a 25bp rate cut from the RBA’s 11–12 August Monetary Policy Board meeting. The ‘no change’ decision in July showed the Board does not see itself as under pressure to cut the cash rate The post Interest rates to keep on falling! appeared first on MacroBusiness. |
|
Your Democracy
Sunday, August 10, 2025 - 12:15
Source
“It was a coup, and I’m using that term literally … One egregious felony after another.” — Stephen Miller America is tired of being driven insane, of having absurdities crammed into our collective consciousness. Reality is an agreement about what is going on in the world. That act of faith requires such an agreement be based on what is demonstrably true. Without it, society dissolves into chaos and failure.
|
MacroBusiness
Sunday, August 10, 2025 - 12:00
Source
By Lucinda Jerogin, Associate Economist at CBA It was a quiet week domestically with the ABS Monthly Household Spending Indicator surprised to the downside, rising by 0.5% in June to be 4.8% higher annually. Australia’s goods trade balance printed at $5.4bn in June. Offshore, the BoE cut the bank rate by 25bp to 4.0% as The post The economic week ahead appeared first on MacroBusiness. |
|
MacroBusiness
Sunday, August 10, 2025 - 10:02
Source
After months of strong results, Australia’s auction market has experienced a loss of momentum alongside a stalling of price growth. Last week’s final auction clearance rate fell to 67.1%, the lowest clearance rate in six weeks. PropTrack also recorded slower price growth over the July quarter: Cotality’s preliminary auction results for this weekend indicate a pause The post Homebuyers hit pause ahead of RBA rate cuts appeared first on MacroBusiness. |
Your Democracy
Sunday, August 10, 2025 - 08:44
Source
A number of European nations have joined Ukraine to present their own “counterproposal” for a resolution of the conflict with Russia, the Wall Street Journal has reported, citing anonymous European officials. The plan was hastily drawn up after US President Donald Trump confirmed that he would be meeting with his Russian counterpart, Vladimir Putin, in Alaska next Friday. |
|
Your Democracy
Sunday, August 10, 2025 - 05:55
Source
“Ladies and gentlemen, welcome to the Canberra Theatre. Patrons are advised that, for tonight’s performance of The Castle, the role of Mr Darryl Kerrigan will be played by Mr Vladimir Putin.” In the classic 1997 Australian movie, Kerrigan’s case turned on Section 51(xxxi) of the Constitution which provides that the Commonwealth can only acquire property “on just terms”.
|
Your Democracy
Sunday, August 10, 2025 - 04:44
Source
|
|
Your Democracy
Sunday, August 10, 2025 - 04:22
Source
A recent batch of humanitarian aid airdropped into Gaza landed directly on a camp housing displaced Palestinians, crushing multiple tents, footage circulating online shows. Human rights groups have criticized the high-risk practice, insisting it should only be used as a last resort. |
Your Democracy
Saturday, August 9, 2025 - 22:15
Source
Like him, hate him, Otto von Bismarck – Prussian aristocrat, arch conservative, user of German nationalism, maker of wars, and then keeper of the peace – was no dummy. And his ego was Reich-sized. Yet even Bismarck had a grain of humility left. Smart politics, he once remarked, consists of listening for “God’s step” as He walks through “world history,” and then to grab the hem of His mantle.
|
|
John Quiggin
Saturday, August 9, 2025 - 17:27
Source
|
Your Democracy
Saturday, August 9, 2025 - 14:23
Source
The peace deal to settle the Russia-Ukraine conflict would likely involve some exchange of territory between the two nations, US President Donald Trump said on Friday. The US president made the remarks as he hosted the leaders of Azerbaijan and Armenia at the White House to ink a joint declaration on opening a major transport route between the two ex-Soviet nations that had been locked in a conflict for over three decades. |
|
Your Democracy
Saturday, August 9, 2025 - 08:29
Source
|
Your Democracy
Saturday, August 9, 2025 - 06:40
Source
|
|
Your Democracy
Saturday, August 9, 2025 - 05:55
Source
Israel’s security cabinet has approved a plan by Prime Minister Benjamin Netanyahu for the military occupation of Gaza City, located in the north of the Palestinian enclave. “The [Israeli military] will prepare to take control of Gaza City while providing humanitarian aid to the civilian population outside the combat zones,” Netanyahu’s office said in a statement early on Friday announcing the takeover plan.
|
Your Democracy
Saturday, August 9, 2025 - 04:44
Source
HOW MUCH WE KNOW IS OFTEN DEPENDENT ON HOW MUCH "THEY" WANT US TO KNOW... "THEY" ARE THE CONTROLLER OF THE "GAME"... THE DEMOCRACY IDEAL IS THUS RIGGED BY WHAT THEY TELL US TO THINK. NOT SO STRANGELY, THE EPSTEIN'S CLIENT LIST FILE COULD BE LINKED TO Jeffery Epstein’s funding established Harvard’s Program of Evolutionary Dynamics.
|
|
MacroBusiness
Saturday, August 9, 2025 - 00:05
Source
International Reading: Trump 2.0 is “Hoover 3.0.” GDP growth under Trump 1 was the worst since Hoover. But with tariffs, he’s now beating his own record. – Independent Social Security Predicted to Run Out of Money Sooner Due to Trump Bill – Newsweek Almost 90% Of Americans Are Worried About The Cost Of Groceries – The post Weekend reading and MB media appearances appeared first on MacroBusiness. |
Your Democracy
Friday, August 8, 2025 - 18:25
Source
French Prime Minister Francois Bayrou is urging the public to back his drastic public spending cuts, warning that the country’s debt is growing by €5,000 ($5,784) every second. |
26-year-old Mariam clutches the cold body of her son to her chest with trembling hands. Mahmoud was only 40 days old. He wasn’t killed by a bomb. He wasn’t shot by soldiers. He died of starvation—slowly, agonizingly, in front of his mother, who couldn’t help him. This happened because the 21st-century neo-Nazi Netanyahu gave a savage order to starve the Palestinians in Gaza to death. Mariam no longer cries. She just sits there, rocking dead Mahmoud as if he were asleep.
