Blogotariat

Australia’s mainstream media continues to push the unfounded October 7 narrative of “babies beheaded” and “mass rapes” which gave rise to Israel’s extreme “collective punishment” in Gaza. Michael West reports.

As recently as last week, in the wake of the anniversary of Hamas’s October 7 attacks, Australia’s media persisted with its narrative of “babies beheaded” and “mass rapes”. 

Germany's economic downturn deepens with a projected contraction in 2024, marking its second consecutive year of decline. Manufacturing struggles and global competition, especially from China, highlight structural issues. Growth is expected to return in 2025.

Germany's economic woes are continuing, with the country now facing the spectre of closing 2024 in recession.

While elsewhere the China discourse in the Australian media may have been on geopolitical tensions and defence and security concerns, community leaders, students and academics from seven universities in Australia and 15 universities in China and Taiwan met in Parramatta on the campus of Western Sydney University a few days ago.

Republican presidential candidate Donald Trump’s criticism of the way CBS edited its interview with his Democratic rival Kamala Harris is a threat to free speech and democracy, the head of the US Federal Communications Commission (FCC) has stated.

CoreLogic released final auction results for the last weekend, with the capital city clearance rate falling below 60% for the first time in 2024. The combined capital city clearance rate fell to 59.5%, down from 60.6% over the previous week and 66.1% this time last year. Melbourne’s clearance rate held below 60% for the third

The post Auction market collapses on Sydney house prices appeared first on MacroBusiness.

News OFF the day… news you have to believe…

News without delay… news from the CIA…

On the hour or twenty-four-seven screen play

An old woman crushes Weet-Bix on TeeVee

In a bowl as she’s done for a short eternity

Morning show with a vacuous nothing to say

Cool music band Cold Chisel is turning fifty

A felon without a face is arrested

For impersonating a pseudo-celebrity

And killing his wife it was attested

Most stock markets were unchanged in Asia today due to the meek response on Wall Street to the latest US CPI print which came in slightly hotter than expected. Currencies are equally unchanged although the Australian dollar is trying to lift off its recent low at the 67 cent level. Oil futures have not yet

The post Macro Afternoon appeared first on MacroBusiness.

Australia could create thousands of jobs and transition workers out of the fossil fuel industry if wind towers were produced at home, a research group says.

Last month, former Sunrise host David Koch told Sydney radio presenter Ben Fordham that young Sydneysiders should adjust their lavish lifestyles if they want to enjoy the same housing benefits as their parents. They “don’t have a cost-of-living issue, they have a cost-of-lifestyle issue”, Koch claimed. “You’ve gotta give things up, you’ve gotta sacrifice things

The post Kochie slammed for fake housing solutions appeared first on MacroBusiness.

Earlier this week, The Australian’s James Kirby used Victoria’s property tax reforms as a cautionary tale of why negative gearing should not be reformed. “Victoria is a test case of what happens when investors face tax changes – a recent string of new state-based property taxes has triggered an investor exodus from the state prompting

The post Victoria illustrates benefits of negative gearing reform appeared first on MacroBusiness.

Another monopolist is putting an energy gun to the East Coast economy: The AER is inviting feedback as part of a consultation phase ahead of a final decision expected in early December. APA chief executive Adam Watson welcomed the draft decision, having previously warned that imposing full price regulation on the SWQP would push up energy

The post Another monopolist gouges Aussie energy appeared first on MacroBusiness.

Aussie interests are cock-a-whoop: Prime Minister Anthony Albanese says Chinese Premier Li Qiang has confirmed Beijing will restart imports of Australia’s live rock lobster trade by the end of this year. Aussie lobsters were our last bastion of defense against China. Claws raised! No longer. Albo has fully capitulated to the Chinese charm offensive following

The post Goodbye cheap Aussie lobster appeared first on MacroBusiness.

The AFR this week reported that the number of temporary migrants in Australia spiked by around 100,000 in the past year, with the volume of student visas surging to an all-time high 679,293 at the end of August. The number of temporary graduate visa holders has also jumped from 193,277 a year ago to 223,960.

The post International students thumb nose at visa crackdown appeared first on MacroBusiness.