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Oz Blog News Commentary
MacroBusiness Monday, October 28, 2024 - 09:30 Source

Friday saw a rebound in steel: And iron ore: After a series of stimulus positive comments about the forthcoming NPC scheduled immediately after the US election. The scenario in which iron gets a boost from a large fiscal number is the Trump victory. Even then, it will only be minor because property and infrastructure are

The post More stimulus hopium for iron ore appeared first on MacroBusiness.

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MacroBusiness Monday, October 28, 2024 - 09:00 Source

Friday night saw the release of the latest US consumer sentiment figures that ended up pushing risk sentiment lower as the USD was bid higher against everything but gold while bonds and stocks sold off. Only tech stocks advanced on Wall Street with equity futures indicating a poor start for Asian shares this week. The

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, October 28, 2024 - 08:00 Source

The Australian Bureau of Statistics (ABS) released its annual national accounts for the financial year 2023-24, which include detailed information on land values. Land values supporting the Australian housing market grew by 8.8% in the 2023–24 financial year. Australia’s land was valued at $9.2 trillion in 2023-24, with residential land ($7.7 trillion) comprising 84% of

The post The great residential land bubble appeared first on MacroBusiness.

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Your Democracy Monday, October 28, 2024 - 07:53 Source

We have passed the whimsical age

Without a whimper of critical blue rage

Way gone the satirical era of permanent uproar

To contemplate once more the deadly idea that war

Was a dangerous step to turn the page

I was looking at the screen of my radar machine 

On the SSS Ford aircraft carrier for death-polished sheen

It went blank and dark then was messaged with a warning

“YOUR TITANIUM, POLONIUM, TANTALLUM, BIZOTHIUM 

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The Australian Independent Media Network Monday, October 28, 2024 - 07:44 Source

By James Moore   I had been rolling down Ranch Road 39 beneath the tall cypress trees that separated the pavement from the crystalline waters of the Guadalupe River. Moving toward the October sun in the west the light sent fluted shadows across the roadbed that gave the flashing illusion of varying speeds and distance, which…

The post What’s the matter with Texas? appeared first on The AIM Network.

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MacroBusiness Monday, October 28, 2024 - 07:00 Source

The ABC’s Jacob Greber claims that the international education sector is an “export giant” that is being unfairly targeted by the federal government’s desire to lower net overseas migration. Greber argues that the government’s crackdown on the sector “undermine[s] Australian universities competing against attractive offerings in the UK, Canada and US”. “Limiting how many fee-paying

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Your Democracy Monday, October 28, 2024 - 06:57 Source

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Your Democracy Monday, October 28, 2024 - 06:32 Source

In ‘Powder keg in the Pacific’ Alfred McCoy is wrong from the very first sentence. He confounds cause and effect, revises history, reverses belligerent and defender, and hard-packs his article through and through with US state department mendacity.

 

Read more Views: 61
John Quiggin Monday, October 28, 2024 - 06:27 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.

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Your Democracy Monday, October 28, 2024 - 04:59 Source

Elon Musk has denounced Joe Biden for saying the businessman had been an “illegal worker” before he became the wealthiest man in the world. The incumbent US president was accusing the billionaire of being hypocritical regarding immigration.

In response to the claims, the Tesla and SpaceX CEO made posts accusing the incumbent president outright lying and saying “losing the election was making the Democrats desperate.”

Read more Views: 104
Your Democracy Monday, October 28, 2024 - 04:00 Source

Germany should stop paying social benefits to Ukrainian refugees residing in the country and redirect the money to authorities in Kiev instead, Polish Foreign Minister Radoslaw Sikorski has argued. The diplomat claimed that generous handouts serve as a disincentive for Ukrainian men to return to their homeland and join the military.

Read more Views: 68
MacroBusiness Monday, October 28, 2024 - 00:10 Source

Buying a new high-rise apartment in Australia is a game of financial Russian Roulette. The second half of last decade saw the greatest high-rise construction boom in Australia’s history. In recent years, hundreds of these buildings have been required to remove potentially combustible cladding, at a cost of millions of dollars. There have also been

Read more Views: 86
Your Democracy Sunday, October 27, 2024 - 20:59 Source

Pro-Harris sticky notes pop up in women's restrooms and gyms and on tampon boxesWord about the grassroots campaign has spread on social media, primarily on Facebook, with women putting "Woman to woman" notes in places where other women will see them.

In the weeks before Election Day, a loose-knit group of women are organizing online to blanket their communities with pro-Kamala Harris messages — not on yard signs or fliers, but on sticky notes. 

Read more Views: 109
Your Democracy Sunday, October 27, 2024 - 19:24 Source

If bullshit was fungible, both Israel and Ukraine would be rolling in dough and not need another dime of foreign aid. The nonsense spilling out of Tel Aviv and Kiev is legendary and much of the Western public is slurping it up like a ravenous dog eating a bowl of rabbit stew.

 

BY LARRY JOHNSON

 

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The Australian Independent Media Network Sunday, October 27, 2024 - 16:40 Source

By Tim Dixon So Donald Trump and the GOP have told us – inadvertently – about what will happen during the 2024 election. You can tell by the troop buildup, ie, an increase in GOP (read MAGA) influence in local electoral councils. These are the groups that ratify electoral results in every county in the…

The post The result of the US election will not be ratified unless Trump wins appeared first on The AIM Network.

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Renew Economy Sunday, October 27, 2024 - 16:37 Source
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Your Democracy Sunday, October 27, 2024 - 15:02 Source

President Joe Biden has formally apologised for the US's role in running abusive Native American boarding schools for more than 150 years and was heckled at the event by a Gaza war protester. 

"This to me is one of the most consequential things I've ever had an opportunity to do in my whole career," Mr Biden said in his apology in Arizona.

Read more Views: 106
The Tally Room Sunday, October 27, 2024 - 13:00 Source

Ben is joined by Alexis Pink from ZZZ to discuss the LNP coming to power in Queensland. We discuss the divide between north and south, the performances of the minor parties and how this new LNP government might differ from the last LNP government.

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Your Democracy Sunday, October 27, 2024 - 12:57 Source

Extremist US provocateur Candace Owens’ Australian visa has been cancelled, as the Labor government warns that her attacks on Jewish, Muslim and trans people have the capacity to incite discord.

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MacroBusiness Sunday, October 27, 2024 - 12:00 Source

DXY was back Friday night: AUD knows no bottom: North Asia is buggered as BOJ hikes pause and Chinese cuts intensify: Oil will be tested after Israel’s benign response to Iran. Gold is a bubble: Base metals can’t decide: Miners stopped the rot: EM meh: Junk saved itself: But yields still up: Stocks meh: Remarkably,

The post Australian dollar from crash to crater appeared first on MacroBusiness.

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The Tally Room Sunday, October 27, 2024 - 10:48 Source

Last night’s election result was nothing like the wipe-out expected when the LNP was on 55-56% of the two-party-preferred vote back in September, but it’s still reasonably clear. Overall the scale of the defeat looks similar to Labor’s victory in 52 seats in 2020. Under Queensland’s unicameral system, that’s enough to govern comfortably.

I think there’s two interesting angles here – the regional nature of Labor’s losses, and how the minor parties (in particular the Greens) polled quite well but not where it was needed. There are also some interesting races where a 3CP count could come in handy.

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MacroBusiness Sunday, October 27, 2024 - 10:03 Source

Last week, CoreLogic recorded a national final auction clearance rate of only 58.2%, which was the worst result of 2024. It was only the second time in 2024 that the final national clearance rate had come in below the 60% mark. The other was the week ending 6 October (59.5%). As shown in the following

The post Auction slump pushes Sydney off house price cliff appeared first on MacroBusiness.

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The Australian Independent Media Network Sunday, October 27, 2024 - 09:50 Source

As with every state election there are no implications for the next federal election. I know this because everyone who doesn’t like a particular result will tell you this and those who like the result are too busy celebrating to tell you anything. However, I can’t help but wonder about the rhetoric around the idea…

The post Labor Miles Behind After Queensland Votes… appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, October 27, 2024 - 08:47 Source

The shift from an essentially liberal, that’s with a lowercase ‘l’, to a neoliberal nation has been most evident in the last few years. How do we define ‘liberal’, as used in the context of an overarching philosophy for a population? This is quite a challenge since the concept has changed very much over time.…

The post From Empire to Liberalism to Neoliberalism appeared first on The AIM Network.

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Your Democracy Sunday, October 27, 2024 - 06:17 Source

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Your Democracy Sunday, October 27, 2024 - 05:45 Source

“It was we who did the dispossessing. We took the traditional lands and smashed the traditional way of life. We brought the diseases and the alcohol.” – Paul Keating, Redfern speech.

 

On not being in control, and learning to ‘Go Round’     By Robbie Lloyd

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Your Democracy Sunday, October 27, 2024 - 05:13 Source

The European Union needs to stop “lecturing” other parts of the world and be more respectful towards its partners if it aims to combat the growing influence of Russia and China, European Council President Charles Michel has said.

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Your Democracy Sunday, October 27, 2024 - 04:03 Source

As the world's most enthralling recruitment process reaches its denouement, maybe it is worth carrying out a thought experiment.

Let's imagine you are running a small business — a fast food franchise, for the sake of topicality — and recruiting a new manager. What would be the red flags in considering applicants for the job?

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Your Democracy Saturday, October 26, 2024 - 19:12 Source

Kamala Harris’ Hitler-Focused Closing Argument Is A Shameful Stain On Her Party 

Democrats are the party of mass censorship, the weaponization of the CIA, FBI, and DHS, and the politicization of everything. What does that sound like to you? 

 

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The Tally Room Saturday, October 26, 2024 - 19:00 Source

6:56 – The Labor swing in Bundaberg has calmed down a bit but Labor is still winning there. I haven’t seen any other seats bucking the trend – generally there are respectable swings to the LNP all over the place.

6:54 – A bit more data in Thuringowa also has KAP in a respectable third there.

6:48 – Tiny samples in the three Townsville-area seats of Townsville, Thuringowa and Mundingburra. KAP is in third in Townsville and Mundingburra, and practically no votes in Thuringowa.

Read more Views: 134

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