Blogotariat

6:00 – Polls have just closed for the Australian Capital Territory’s Assembly election, and for three state by-elections for the New South Wales seats of Epping, Hornsby and Pittwater.

A Labor-Greens coalition government will be attempting to retain its majority after 23 years of Labor rule and 16 years of the Greens in the balance of power.

In New South Wales, most of the focus will be on the Northern Beaches seat of Pittwater, where independent candidate Jacqui Scruby is in a fierce contest with Liberal candidate Georgia Ryburn.

“The ICC’s credibility is hanging by a thread,” warned one former United Nations official in response to the court’s delay in deciding whether to issue arrest warrants for Israeli leaders.

Brett Wilkin

ICC WILL WITHDRAW WAR CRIMES CHARGES IF SINWAR CONFIRMED DEAD. ALSO: NETANYAHU STILL ALIVE

The draft federal electoral boundaries for the Northern Territory were published earlier today.

This redistribution is far less dramatic than the redistributions for the three big states that have just concluded. For a start, there is no change to the seat count – the redistribution was triggered by seven years passing since the last redistribution and thus no mini-redistribution would be required if the process isn’t finished prior to the federal election.

Lots of action on Asian risk markets although stocks remain somewhat mixed after the release of Japanese inflation figures and the start of PBOC stock buybacks. The USD remains strong against the undollars following the rate cut from last night’s ECB meeting.  Australian stocks have pulled back while the Aussie dollar is having a peekaboo

The post Macro Afternoon appeared first on MacroBusiness.

I noted earlier this week how net overseas migration continues to run hot, despite moderating somewhat from last year’s peak. Over the first eight months of 2024, Australia received a record 358,964 net permanent and long-term arrivals. This was about 5,000 higher than last year’s record arrivals and 115,500 higher than the same period in

The post Labor’s immigration “out-of-control” appeared first on MacroBusiness.

A new company offering solar and battery storage "as a service" for commercial and industrial customers has launched under the leadership of former SwitchDin CEO Andrew Mears.

Twice this month, I have attacked the Coalition’s Andrew Bragg for promising to ease lending standards to help, including by scrapping responsible lending laws (see here and here). I have argued consistently that twenty years of empirical evidence demonstrates that demand-side “affordability” measures, such as looser credit provision, have helped push up the price of

The post APRA’s mortgage buffer needs reform appeared first on MacroBusiness.

Wind and solar industry warns the market for renewable energy certificates could crash i

Strategic Property Group managing director Trent Fleskens warned that it is highly unlikely that the Albanese government’s housing targets would be met, meaning that Australia’s structural housing shortage will inevitably worsen. “This is a boom fuelled by two things: cost inflation and mass immigration – neither of which are abating to levels our industry can

The post Builders: population growth behind housing crisis appeared first on MacroBusiness.

Solar panel technology that keeps lights on around the world and batteries made from waste have been recognised at an awards gala.

https://www.youtube.com/watch?v=CC0MxcUXW9c

Bret Baier unveils inside look into Kamala Harris interview

Fox News chief political anchor Bret Baier explains why his exclusive interview with Vice President Kamala Harris was 'a little tense' on ‘Hannity.’

Why is China having so much trouble fixing its housing market? After all, it is centrally planned. It should be able to bail out what needs bailing out. As well, housing bubble overbuilds happened in developed markets pre-GFC and they managed to fix it. And Chinese public-owned banks are better equipped to deal with that.

The post All roads lead to Chinese QE appeared first on MacroBusiness.