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MacroBusiness
Tuesday, October 29, 2024 - 12:30
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The Market Ear with stock internals. Oil at massive levels (again) Oil is trading around the massive $72 area again. We have dipped below the level on a few occasions, but these are make or break levels to watch. Refinitiv Oil and rates Oil and rates have moved in perfect tandem for a long time. The post Stocks “coiled spring” appeared first on MacroBusiness. |
The Australian Independent Media Network
Tuesday, October 29, 2024 - 12:29
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For decades, the cultural phenomenon known as Americanisation has taken place with diffusing ease. Momentum was gained with the retreat of communism from Europe’s eastern states with the end of the Cold War and the eventual termination of the Soviet Union in 1991. Global brands of Americana from fizzy drinks to Dallas became pervasive cultural presences.… The post Cattle Dog Gusto: How Bluey Conquered the United States appeared first on The AIM Network. |
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Renew Economy
Tuesday, October 29, 2024 - 12:22
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Renew Economy
Tuesday, October 29, 2024 - 12:01
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MacroBusiness
Tuesday, October 29, 2024 - 12:00
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The East Coast gas cartel continues to rort like it’s going out of style with gas prices glued above Albo failed $12Gj price cap even in the off-season: Leading directly to unseasonally high power prices: This makes statements yesterday by Barnaby Joyce rather interesting: Former deputy prime minister Barnaby Joyce says Australia will be “poor” The post Will Australia be “poor” without coal and gas? appeared first on MacroBusiness. |
Renew Economy
Tuesday, October 29, 2024 - 11:45
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Cheeseburger Gothic
Tuesday, October 29, 2024 - 11:30
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It's been about a week since I deleted my Twitter account and signed out of Facebook, and honestly, I'm feeling pretty good about it. I don't miss Twitter at all. Over the last year, it had turned into such a festering sinkhole. Still, totally, finally nuking the account was a big decision. Facebook is a bit harder to drop; a few friends and family scattered around the world still rely on it to stay in touch, so I'm sort of stuck with it. But I’d been wasting way too many hours a week mindlessly scrolling, and I decided to just sign out. |
MacroBusiness
Tuesday, October 29, 2024 - 11:30
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Build-to-rent (BTR) projects are large-scale residential developments, generally consisting of high-rise apartment blocks, in which all homes are owned and managed by a single business and rented out over a medium- to long-term period. BTR differs from the traditional build-to-sell model, in which a developer constructs an apartment complex and then sells off each individual The post Build-to-rent will worsen housing crisis appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, October 29, 2024 - 11:00
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Data from the Department of Education shows there were a record 464,749 international students enrolled in Australian universities in the year to July 2024: While international enrolments have boomed, domestic enrolment applications collapsed to a decade low at the start of 2024: Meanwhile, new analysis from the Institute of Public Affairs (IPA) shows that 25.4% The post Australians abandon dead-end university degrees appeared first on MacroBusiness. |
Your Democracy
Tuesday, October 29, 2024 - 10:54
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When Russia launched its full-scale invasion of Ukraine two years ago, President Biden's response was stronger and swifter than many expected. "I think Biden surprised the world. He certainly surprised the Russians by his decision to create a broad democratic alliance to defend Ukraine," said Anne Applebaum, an author and historian who writes extensively on the war. |
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MacroBusiness
Tuesday, October 29, 2024 - 10:30
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The Albanese government promised to cut immigration to support wages. It promised a functional National Anti-Corruption Commission. It promised cheaper power bills. It promised more affordable housing. It has done the complete opposite of all of these things and now it’s readying another opposite-day play: Treasurer Jim Chalmers says there will be no cost-of-living “free-for-all” The post Chalmers lies about more subsidies appeared first on MacroBusiness. |
MacroBusiness
Tuesday, October 29, 2024 - 10:00
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Former Treasurer Peter Costello hit back at calls to curb property tax concessions, namely negative gearing and the capita gains tax discount (CGT). Costello introduced the 50% CGT discount in 1999 and defended the current tax settings in a speech last week to the Property Council of Australia’s annual congress in Townsville. “Interest on borrowings The post Costello defends his signature tax rort appeared first on MacroBusiness. |
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The Tally Room
Tuesday, October 29, 2024 - 10:00
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The Electoral Matters Committee of the Victorian parliament has launched an inquiry into the structure of the Legislative Council. The inquiry is not seeking submissions on group voting tickets, but the inquiry is related to the push to abolish GVTs because such a change would likely stop a number of small parties from winning seats. A change in the regional structure could allow for a broader range of parties to win. |
Renew Economy
Tuesday, October 29, 2024 - 09:54
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MacroBusiness
Tuesday, October 29, 2024 - 09:30
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SHFE is going a second leg: With Dalian futures: The hope is captured by Goldman: NPC meeting November 4-8: The much anticipated bi-monthly National People’s Congress (NPC) standing committee meeting will take place during November 4-8. We expect the NPC to approve RMB1-2tn additional ultra-long-term central government special bond (ULT CGSB) issuance quota. In the The post More iron ore hope appeared first on MacroBusiness. |
MacroBusiness
Tuesday, October 29, 2024 - 09:00
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Last night was relatively calm for global risk markets although oil prices continued to fall from their weekend gap as Wall Street braces for a new round of earnings reports and the economic calendar begins to get busier in the latter half of the week. US stocks were able to close slightly higher while European The post Macro Morning appeared first on MacroBusiness. |
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The Australian Independent Media Network
Tuesday, October 29, 2024 - 08:41
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Oxfam Australia Media Release In reaction to the Knesset passing bills banning UNRWA from operating in areas under Israel’s control, Sally Abi Khalil, Oxfam Regional Director in the Middle East and North Africa said: “Israel has bombed Palestinians to death, maimed them, starved them, and is now ridding them of their biggest lifeline of aid.… The post Oxfam reaction to Knesset decision appeared first on The AIM Network. |
The Australian Independent Media Network
Tuesday, October 29, 2024 - 07:31
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Planet Ark Media Release Fewer than half of all Australians believe any level of government is adequately supporting recycling improvements, new research from Planet Ark has revealed. Just 43 per cent of those surveyed agreed that the federal government was doing enough to increase recycling rates nationally, while 44 per cent agreed their state government… The post Australians sceptical of government efforts to increase recycling appeared first on The AIM Network. |
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Your Democracy
Tuesday, October 29, 2024 - 07:31
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Former President Donald Trump called Kamala Harris a "sh** vice president" and implied golfer Arnold Palmer was well-endowed during a rambling Saturday rally in Pennsylvania that capped off a tumultuous week on the campaign trail. Speaking in Latrobe, Pa., where Palmer was born, Trump delivered a lengthy monologue about the late golfer's life story and praised him as "all man," including an off-color joke about Palmer's anatomy. |
MacroBusiness
Tuesday, October 29, 2024 - 07:23
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DXY is stable: AUD only goes down, though we should note that its uptrend is still intact: North Asia returns from whence it came: Goldmania, oilmageddon: Metals should follow the latter: Miners struggling: EM struggling: Junk nervous: Yields up, which is silly given oil. This trade is getting old: Stocks up: The runaway DXY is The post Australian dollar only goes down appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, October 29, 2024 - 07:00
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This month’s final auction results for Sydney are the worst for the year with only 60% of homes selling under the hammer. Following the weekend’s soft results, SQM Research managing director, Louis Christopher, declared that Sydney faces a mild correction whereby prices could fall by 5%. “It was another soft weekend, possibly even softer than The post Sydney primed for a house price correction appeared first on MacroBusiness. |
Your Democracy
Tuesday, October 29, 2024 - 06:44
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Your Democracy
Tuesday, October 29, 2024 - 06:17
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Last week Al Jazeera released Investigating War Crimes in Gaza.1 The 81-minute documentary is a searing indictment of the treatment of those who always suffer most in war – women and children – during Israel’s retaliation for the horrid murders Hamas inflicted inside Israel a year ago this week.
Gaza after a year of war |
Your Democracy
Tuesday, October 29, 2024 - 05:54
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MacroBusiness
Tuesday, October 29, 2024 - 00:10
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PropTrack’s director of research, Cameron Kusher, lamented that younger Australians will never enjoy the same quality of housing as their parents, meaning their living standards are likely to be lower. “One thing I think of with all this push for density is that few people in the future will live in better housing than their The post Young Australians will never enjoy housing like their parents appeared first on MacroBusiness. |
Renew Economy
Monday, October 28, 2024 - 19:22
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MacroBusiness
Monday, October 28, 2024 - 17:30
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A very mixed start to the trading week with most Asian stock markets failing to advance while a much weaker Yen is supporting Japanese equities as the majority party lost their majority on the weekend. Oil prices are down as Middle East worries dissipate slightly while the USD remains strong against all the undollars as The post Macro Afternoon appeared first on MacroBusiness. |
John Quiggin
Monday, October 28, 2024 - 17:30
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I spend a lot of time these days thinking about what I, and Australia as a nation, should do if the US ceases to be a democracy. But, it doesn’t seem as if lots of other people are thinking this way. One possibility is that people just don’t want to think about it. Another, though, is that I’ve overestimated the probability of this outcome. To check on this, I set up a flowchart using a free online program called drawio. Here;s what I came up with |
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The Australian Independent Media Network
Monday, October 28, 2024 - 16:36
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Oxfam Australia Media Release Fifty of the world’s richest billionaires on average produce more carbon in just 90 minutes than the average person does in their entire lifetime, a new Oxfam report reveals today. Here in Australia, one hour of emissions from Australian billionaires’ superyachts and private jets equals what an average Australian emits in… |
The Australian Independent Media Network
Monday, October 28, 2024 - 15:36
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By Denis Hay Description: Principles of Social Justice Discover 5 more principles of social justice – equity, access, participation, diversity, and human rights – and how Australia can use its monetary sovereignty to ensure fairness. Introduction: Understanding the Core of Social Justice In today’s rapidly changing world, social justice plays a crucial role in shaping… The post What Are 5 More Principles of Social Justice? appeared first on The AIM Network. |
