Blogotariat

Gottiboff is in panic mode at The Australian about the AI revolution: In the next six to 12 months vast numbers of the Australian middle class employed in private sector service industries will either lose their jobs or will feel very insecure. Again, they are totally unprepared for what is ahead. Here in Australia much

The post Let AI tear Australia a new economy appeared first on MacroBusiness.

From Twiggy Forrest today. The Australian. I love my country to my core and will defend it at any cost. I grew up in the great Australian Outback and fell heavily for the land we call our own. I’ve been a builder and creator for as long as I can remember, which led to the

The post Twiggy needs some media advice appeared first on MacroBusiness.

Ian Verrender at the ABC is blunt. Peter Costello pulled the pin on a multi-billion transaction. So did Wayne Swan. Costello in 2001 rejected Royal Dutch Shell’s proposal to take a controlling stake in Woodside while Swan in 2011 put a stop to the Singapore Stock Exchange’s bid to take over the Australian Securities Exchange.

The post How to make Santos work for Australia appeared first on MacroBusiness.

The broken-record business lobby has called on the federal government to lower Australia’s corporate tax rate. Business Council of Australia (BCA) President Geoff Culbert claimed that Australia’s 30% corporate tax rate is the third-highest among wealthy nations in the OECD and has made Australia uncompetitive and lowered invetment and productivity. “Our corporate tax rate is

It was a better day for the ferrous complex as it awaits the July Polibuo meeting, likely on July 31. The underpinnings of demand are still poor. Where official figures can mislead, PBoC surveys are better. Goldman. PBOC released its Q1 and Q2 surveys of bank loan officers, enterprises, and urban depositors on July 25,

The post Iron ore sucked down with Chinese Titanic appeared first on MacroBusiness.

I was on the mat at jujitsu last week, working out a technique with another black belt, learning how to flow from one move to the next. After only two or three minutes of getting into and out of position, up and down, I was puffed. Properly struggling for breath. It was both a bit of a shock and not surprising at all.

A shock because, at 60, I’ve spent years taking my fitness seriously, and I’m in comparatively good shape. But not surprising either, because for the last couple of months, I’ve been constrained in my training—especially cardio—thanks to a bunch of skin cancer treatments.

So says Deutsche. AUD has risen to be the second-best performer in the G10 on a trade-weighted basis since we turned long in the May Blueprint(Figure1). Our more upbeat view has reflected two key factors. 1.Fundamental support was finally turning: the worst had passed for China and broader risk sentiment, and the domestic Australian economy

The post Brakes off the Australian dollar appeared first on MacroBusiness.

Juliette Millbank and Mathew Charles-Jones from Totally Renewable Yackandandah reflect on why batteries are not the best starting point for many communities.

Perhaps Nero didn’t play the fiddle as Rome burned, as it’s often alleged. But he certainly stands as one of the worst Roman emperors.Born in 37 C.E. as Lucius Domitius Ahenobarbus, Nero rose to power after the death of his stepfather, Claudius, in 54 C.E. It’s been alleged that Nero’s mother, Agrippina the Younger, had a hand in her husband’s death — possibly by feeding him poisoned mushrooms — in order to ensure her son’s ascendency.

The US cannot sell any Virginia-class nuclear submarines to Australia without doubling its production rate, because it is making too few for its own defence, the navy’s nominee for chief of operations has told Congress.

There are “no magic beans” to boosting the US’s sclerotic shipbuilding capacity, Admiral Daryl Caudle said in frank evidence before a Senate committee.

Former Foreign Minister and NSW Premier Bob Carr has compared the situation in Gaza with the Warsaw Ghetto, and urged the Government to move with the French on Palestinian statehood. He made his comments in an interview with ABC Radio National Breakfast host Sally Sara. 

Bob Carr

In a press conference last week, New Zealand Housing Minister Chris Bishop made the case that his nation needed to decouple economic growth from housing price increases, regardless of how challenging that may be in the short term. Bishop made the case that the Kiwi economic recovery needs to be driven by broad-based growth in

The post New Zealand two faced on housing appeared first on MacroBusiness.

A 20 pct fall in battery storage costs ensure integrated wind and solar still best option for Australia, as gas turbines prices leap and nuke deals prove it is way too expensive.