Blogotariat

Massive wind and battery project attracts nearly 100 hundred objections, but none from locals and most from people who don't live anywhere near the project.

The Victorian government has released its Rental Report for the June quarter of 2024, which shows that the number of properties available to rent has declined amid an exodus of property investors. As illustrated in the following table, new lettings fell by 6.4% across Victoria and by 7.0% across Melbourne in the 2023-24 financial year:

The post First home buyers rejoice as investors dump properties appeared first on MacroBusiness.

The recent string of exaggerated military successes – or at least as they are understood to be – places Israel in a situation it has been previously used to: prowess in war. Such prowess promises much: redrawing boundaries; overthrowing governments; destroying the capabilities of adversaries and enemies. Nothing, in this equation, contemplates peace, let alone…

The post Nuclear Fever: War Mongering on Iran appeared first on The AIM Network.

THE COMMON DENOMINATOR IS RUSSIA.... PUTIN, MORE TO THE POINT.

SINCE 1917, THE AMERICAN EMPIRE HAS WORKED HARD TO DESTROY RUSSIA....

SO WE IN THE WEST HAVE HAD TO JUSTIFY THIS LONG-STANDING HATE OF RUSSIA... 

IN 2015 SOMEONE (Maria Lipman for the EUROPEAN COUNCIL ON FOREIGN RELATIONS) WROTE THIS CLEVER BUT DESPICABLY "INVERTED" ARTICLE THAT IS FULL OF CRAP:

The RBA is still going to cut in December. The reason is inflation will be too weak if it does not, Especially so after another round of energy bill rebates is announced: Gareth Aird at CBA: Hiring continues to grow at a strong pace, albeit most of the jobs growth has come in the non‑market

The post RBA to still cut in December appeared first on MacroBusiness.

By Denis Hay Description How the Australian monetary system prioritizes corporations and political elites over citizens. Learn how to reform this for a fairer society. Introduction: The Misuse of Australia’s Monetary Sovereignty Australia holds a significant advantage in being a sovereign currency issuer. Yet, despite the ability to fund essential services, the system is geared…

The post How Australian Monetary System Favours the Powerful appeared first on The AIM Network.

Asian stock markets are somewhat mixed after a similarly lacklustre performance on Wall Street and in European stocks overnight as currency traders position for tonight’s ECB meeting. Locally the latest unemployment print surprised to the upside with both Australian stocks and the dollar rebounding higher although the latter is falling back going into the London

The post Macro Afternoon appeared first on MacroBusiness.

Decades after the end of the Cold War, the US continues to employ proxy warfare as a central strategy in its confrontations with major global rivals, particularly Russia and China. This approach enables the US to extend its influence and pursue its geopolitical objectives without direct military engagement, instead relying on third-party actors to do the heavy lifting. 

US tees up Ukrainian and Syrian extremist proxies in fight against Russia

The world's biggest isolated grid - in Western Australia - is experiencing growing number of periods of "potential" 100 per cent renewables. How is it handling it?

Report finds keeping troubled Callide B coal plant open beyond 2028 could cost taxpayers up to $420 million a year.

The AEC released the final maps and data for the Victorian federal redistribution earlier today. In this blog post I’m going to post my final estimates of primary votes, two-party-preferred and two-candidate-preferred margins for each seat. At the end I’ve also posted the final pendulum after the completion of the redistributions in New South Wales, Victoria and Western Australia, although we have the draft boundaries for the NT redistribution due tomorrow.

First up, this map shows the changes between the 2022 boundaries, the draft 2025 boundaries and the final boundaries for Victoria.

On Thursday, Victorian Treasurer Tim Pallas was interviewed about the additional $837 million blowout in the cost of the Metro Tunnel Project, which was originally costed at $10.9 billion when it was first announced in the 2016 State Budget, but several escalations have pushed the price tag to $13.48 billion. There have been massive cost

The post Victoria’s budget needs to trim the fat appeared first on MacroBusiness.

The Australian Bureau of Statistics (ABS) released labour force data for September, which was unambiguously strong. The participation rate and employment-to-population rates edged to fresh record highs, while the unemployment rate ticked lower to 4.1% (from 4.2%). As shown above, 64,000 jobs were created in September in seasonally adjusted terms, well above consensus forecasts of

The post Strong jobs print pressures RBA appeared first on MacroBusiness.