Blogotariat

What do you do when the food sector gets together to tell the truth about the government’s failures? Fix the problems? No! Pay them off. The Australian. The food sector has united to ­accuse the Albanese government of failing to act on rising prices ­despite a growing number of working Australians going hungry, warning that

The post Aussies starve as gas cartel chokes food supply appeared first on MacroBusiness.

The Australian Bureau of Statistics (ABS) on Monday released the Q4 2024 Business Indicators, which showed that non-mining company profits have never been higher (excluding the pandemic spike). Despite the stellar profits, Australian Industry Group (AIG) CEO, Innes Willox, attacked what he labelled a “wages blowout”, which is placing “mounting pressure on business balance sheets”:

Iron ore was clubbed below $100 yesterday but bounced a bit overnight. The China steel PMI is weak, especially new orders. The NPC is weighing as well. Iron ore slumped below $100 a ton for the first time since mid-January as some steel mills curbed production to ensure blue skies during the government’s upcoming policy

The post Iron ore clubbed like a baby seal appeared first on MacroBusiness.

ANZ CEO Shayne Elliot described Victoria as “one of the toughest” places to do business. It is easy to see why. The Victorian government introduced a payroll tax surcharge in the 2021-22 State Budget as part of a mental health and wellness levy, but only for businesses with a payroll of $10 million or more.

The post Companies sound alarm on failing Victorian economy appeared first on MacroBusiness.

Increasingly, it appears DXY is topped and EUR bottomed. AUD follows EUR but it will be held back by CNY this time. Gold up. Is oil about to do what it should, finally? Chinese demand growth is dead. OPEC to go ahead with production increase. Bonus chart! There is room for lower oil. Commods meh.

The post Australian dollar rises with Germany appeared first on MacroBusiness.

Wall Street crumbled overnight as the realisation has set in that the Don in the Oval Office is hell bent on creating a recession in the US with the slew of tariffs that are now going to go ahead against almost every single major trading partner. The latest ISM print didn’t help either while European

The post Macro Morning appeared first on MacroBusiness.

The energy industry has assumed consumers manage their energy use like ‘mini-economists’ or ‘mini-engineers.’ Digital sociologist Professor Yolande Strengers says this is wrong.

Peter Dutton deserves a little sympathy as he indignantly denies any conflict of interest or impropriety over his purchases of banking shares and real estate. Many people always believe the worst of politicians, particularly if there is any suggestion of abuse of position, making money on the side, or personal enrichment.

New Modelling torpedoes claim that Peter Dutton’s nuclear power plan will be 44% cheaper than Labor’s plan for renewables, finding instead it will inflate electricity bills by up to 41% between now and 2030.

Fully Charged's Robert Llewellyn on Chinese EVs that make a lot of beeping noises, Elon Musk, and what to expect at Everything Electric.

Alaric DeArment wrote an article in The New Republic in early 2023, where he noted that Americans from marginalised communities were looking to leave because of a rise in gun violence and far right (read Trump’s MAGA horde) politics. He wrote this article not long after he applied for German citizenship through his mother’s side of the family1.

The Guarantee of Origin or GO rules include a compromise on below-baseline certificates for generation built before it starts.

Move along citizen, nothing to see here. Just a fucking cyclone about to slide sideways into my word cave. Probably on Thursday.

I do like the reserved tone of my weather here.