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Your Democracy
Tuesday, October 15, 2024 - 06:16
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The heads of six Australian states will miss a reception for King Charles III when he arrives Down Under, while the British monarch has said he would not oppose the former prison colony declaring itself a republic. While Australia has been fully independent since 1986, its titular head of state is still the British monarch. A 1999 referendum to declare a republic failed, in part due to the popularity of Queen Elizabeth II at the time. |
Your Democracy
Tuesday, October 15, 2024 - 05:55
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Funding cuts to the BBC World Service have allowed Russian and Chinese media outlets to spread “unchallenged propaganda” across the Global South, the director-general of the British state media giant has complained. The BBC World Service broadcasts in around 40 languages to an audience of 320 million people per week. Two years ago, the network cut more than 380 jobs and stopped radio broadcasts in ten languages, including Arabic and Persian. |
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MacroBusiness
Tuesday, October 15, 2024 - 00:10
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Builder Jason Janssen, chairman of Home Builders Action Group, has described the utter “decimation” of the home building industry in the wake of federal and state government Covid housing stimulus and the subsequent surge in construction costs. “Unfortunately a lot of builders took on too much work as part of the stimulus and they are The post Australia’s home building industry “structurally damaged” appeared first on MacroBusiness. |
Club Troppo
Monday, October 14, 2024 - 19:32
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The common view from politicians and so-called experts is that minority government is dreadful. I don’t agree. Nor, it seems, does former Rudd and Gillard ministerial advisor Sean Kelly. In an article in today’s Age newspaper, Kelly says: |
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The Australian Independent Media Network
Monday, October 14, 2024 - 18:40
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By Bert Hetebry As I recall, the opening scene of the 2005 movie “Pierrepoint: The Last Hangman” see a woman who had been executed, hanged, removed from the hangman’s rope and prepared for burial. The care, the gentleness of that scene belies the violence of the death which had been ordered as punishment for murder.… The post What is Justice? appeared first on The AIM Network. |
John Quiggin
Monday, October 14, 2024 - 18:08
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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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John Quiggin
Monday, October 14, 2024 - 18:07
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Over the eight decades following the end of World War II, the US has taken part in dozens of land wars, large and small. The outcomes have ranged from comprehensive victory to humiliating defeat, but all have received extensive coverage. By contrast, the US Navy’s admission of defeat in its longest and most significant campaign in many decades, has received almost no attention. Yet the failure of attempts to reopen the Suez Canal to shipping has fundamental implications for the entire rationale of maintaining a navy. |
George Monbiot
Monday, October 14, 2024 - 17:53
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Hidden in the detail of the UK’s carbon capture and storage scheme are unlimited financial liabilities and huge environmental costs. By George Monbiot, published in the Guardian 11th October 2024 |
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Renew Economy
Monday, October 14, 2024 - 17:20
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MacroBusiness
Monday, October 14, 2024 - 17:00
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Asian stock markets are taking the bullish cue from Wall Street on Friday night but have to navigate some Chinese volatiltiy that actually started on Saturday with some mixed messaging around stimulus measures from the PBOC. Not helping matters particularly in currency land is more saber rattling by the Chinese Navy around Taiwan with the The post Macro Afternoon appeared first on MacroBusiness. |
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The Australian Independent Media Network
Monday, October 14, 2024 - 16:57
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By Jane Salmon Killara is a place of beautifully appointed private spaces. My grandmother (born in 1902) shared an old horse with her siblings. They rode to school together reciting Shakespeare to the clop of the hooves. Elocution was popular. It is her parents and folk like them that helped pay for our first theatre.… The post It Takes A Village: that village is our Heritage and Legacy appeared first on The AIM Network. |
Renew Economy
Monday, October 14, 2024 - 14:43
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MacroBusiness
Monday, October 14, 2024 - 14:00
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Victoria has the nation’s most indebted government and the lowest credit rating. Victoria’s ballooning debt has helped to drive up interest payments: One of the reasons why Victoria is drowning in debt is the bloating of the state’s public service. Victoria’s public sector workforce grew by 59% in the 15 years to 2022-23, easily exceeding The post Victorian taxpayers drowned under bureaucrats and advisors appeared first on MacroBusiness. |
The Australian Independent Media Network
Monday, October 14, 2024 - 13:45
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La Trobe University Media Release Where: Online series Cost: Free Bookings here One year ago, the referendum for an Aboriginal Voice to Parliament failed. La Trobe University’s Ideas and Society this month delves into what the referendum campaign and its result revealed about the contemporary attitude of non-Indigenous Australians to the Indigenous peoples. What can… The post Reflections on the Referendum for an Indigenous Voice to Parliament appeared first on The AIM Network. |
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Renew Economy
Monday, October 14, 2024 - 13:41
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Your Democracy
Monday, October 14, 2024 - 13:37
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A third attempt on the life of Donald Trump was prevented on Saturday when law enforcement officers arrested an armed man with fake press passes outside the former US president’s rally in Coachella, California, a local sheriff has said. |
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MacroBusiness
Monday, October 14, 2024 - 13:30
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Goldman with more on why the AUD is struggling to gain traction. USD: Long wait to abdicate. After showing some apparent cracks over the summer, the pillars of Dollar strength now appear just as solid as ever. We had previously argued that the initial factors that weighed on the Dollar earlier in Q3 had mostly The post Australian dollar beheaded by the king appeared first on MacroBusiness. |
MacroBusiness
Monday, October 14, 2024 - 13:00
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The Market Ear on the exuberance free stock bubble Curious case of depressed sentiment The bull officially turns two today. Up more than 60% during the time period. Bull markets last more than five years on average, so there could for sure be more left in the tank. Why then are strategists, sentiment and positioning The post Why so serious? appeared first on MacroBusiness. |
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MacroBusiness
Monday, October 14, 2024 - 12:30
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The Australian Chamber of Commerce and Industry (ACCI) has called on both sides of politics to address the issue of tax reform in the lead-up to the next federal election, with CEO Andrew McKellar noting that it is now over 25 years since the GST was introduced. The ACCI wants to see the reliance on The post Pressure builds for fundamental tax reform appeared first on MacroBusiness. |
MacroBusiness
Monday, October 14, 2024 - 12:00
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It is time for Albo to panic. The Coalition now leads Labor on a two-party-preferred basis for the first time since the May 2022 election in a significant political boost for Peter Dutton as Anthony Albanese’s approval ratings fall to a new low. An exclusive Newspoll conducted for The Australian shows the Coalition ahead of Labor The post Newspoll swings to Dutton lead appeared first on MacroBusiness. |
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MacroBusiness
Monday, October 14, 2024 - 11:40
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It is not at all clear to me that Xi Jinping dislikes deflation. It makes his economy more competitive, it delivers much easier growth targets via the negative GDP deflator, and it keeps the heat on deleveraging. These are all his stated policy goals. Either way, China’s CPI fell more sharply in September with CPI The post Chinese deflation intensifies appeared first on MacroBusiness. |
The Tally Room
Monday, October 14, 2024 - 11:30
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The Victorian council elections are now upon us – ballot papers are in the mail now, and will be counted on the day of the Queensland election, October 26. I previously completed the first half of my council guide, covering the first 16 of 33 intended councils. But I had to scrap plans to do the rest when an ill-timed need for move house reduced my capacity for analysis. While it’s quite late in the process I have now managed to write another seven guides, for: |
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MacroBusiness
Monday, October 14, 2024 - 11:10
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By Gareth Aird, head of Australian economics at CBA. Key Points A firmer disinflationary pulse than the RBA anticipates is a necessary condition for the Board to ease policy this calendar year. The already released September quarter consumer prices data in a raft of surveys gives us greater confidence that the much desired disinflationary process The post Easing inflation clears path for RBA to cut rates appeared first on MacroBusiness. |
MacroBusiness
Monday, October 14, 2024 - 11:00
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The United States, home of free enterprise and deep climate change scepticism, continues to school Australia on the energy transition. It is doing so with one simple trick that Australia’s east coast has missed: gas domestic reservation. US power is guzzling gas: While killing coal at astonishing speed: With rock bottom gas prices: And record The post US schools Australia on energy transition appeared first on MacroBusiness. |
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xkcd.com
Monday, October 14, 2024 - 11:00
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The Australian Independent Media Network
Monday, October 14, 2024 - 10:36
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UNSW Sydney Media Release If there is an industry in Australia that needs confidence right now, it’s the residential construction sector. Yet, at a time of unprecedented need to build, construction companies are collapsing like houses of cards, leaving consumers with lost deposits and half-finished homes. For consumers, embarking on building or renovating a home… |
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MacroBusiness
Monday, October 14, 2024 - 10:30
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The Albanese government has set a target to build 1.2 million homes over five years, requiring an unprecedented volume of high-rise apartment developments in our major cities. However, there were numerous defects and issues with construction quality during the high-rise boom of the previous decade. These issues were summarised in a 2019 Four Corners investigation |
MacroBusiness
Monday, October 14, 2024 - 10:00
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SHFE fell on Friday while SGX surged: Mad Dalian continued its jump: But the Saturday MOF briefing was a bust for bulks. Goldman assesses total steel demand impact of 1.4% for 2025. This roughly equates to 14mt of steel or 20mt of iron ore. And property will still withdraw more than that as the “completions The post No bazooka for iron ore appeared first on MacroBusiness. |
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MacroBusiness
Monday, October 14, 2024 - 09:30
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It was another bust for Chinese stimulus on Saturday when the Ministry of Finance delivered more extend and pretend instead of stimulus or reform: Local governments will be allowed to use special bonds to buy unsold homes, Finance Minister Lan Fo’an announced at a briefing Saturday, without giving an amount. He hinted at room for The post China channels Japan into extend and pretend appeared first on MacroBusiness. |
MacroBusiness
Monday, October 14, 2024 - 09:00
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While the latest US PPI print on Friday night was mixed, and the Middle East looks like the proverbial powder keg, risk markets decided to hit a higher gear and buy everything with Wall Street making another record high, pulling along European equities as well. Stock futures indicate this should translate to a good start The post Macro Morning appeared first on MacroBusiness. |
