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In May 2019, the US District Court for the Eastern District of Virginia, that famous bastion of anti-whistleblowing fervour, unsealed an indictment charging former intelligence analyst Daniel Everett Hale with five counts of providing classified information to a reporter. The first four focused on obtaining national defense information, retaining and transmitting that information, causing the…

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If Australians wish to avoid future lockdowns and restrictions, we need to get the nation’s full vaccination rate up to around 50% of the population, as has been achieved in the United Kingdom, Canada and several other advanced nations: As shown above, Australia is currently lagging well behind these levels with only 13.5% of the

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Momentum is slowly building for Australia to follow other advanced nations and implement a modest inheritance tax. Over recent months, multiple media reports have emerged supporting the idea. The latest push comes from a new paper published by the Tax Institute, which calls for a 5% inheritance tax on amounts over $2.5 million: It is

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Letters to the Editor The Age Labor’s decision to drop its policies on negative gearing and capital gains tax reform must be profoundly dispiriting for prospective first home buyers. How can they compete with the heartless and misleading (yet very effective) fear-mongering of the real estate lobby? Thanks to the continuation of a tax system […]

The post Letter: ALP policy reversal hurts first home buyers first appeared on Prosper Australia.

The Australian Bureau of Statistics (ABS) has released its International Trade Price Indexes for the June quarter of 2021, which revealed that export prices soared by 13.2% over the quarter and by 26.0% through the year. By contrast, the import price index rose by 1.9% this quarter but fell 2.5% through the year. Surging iron

The post Australia’s terms-of-trade to record biggest ever rise appeared first on MacroBusiness.

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The debate is raging. What is Delta herd immunity? Domain says: National cabinet will start creating the path out of lockdowns on Friday when the country’s leaders look at how many Australians must be vaccinated against COVID-19 in order to end economically damaging restrictions. …Premier Gladys Berejiklian has previously cited a figure of 75 to

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A series of organisations with a tradition of supporting Australian workers have labeled the dramatically shrunken Albanese Labor opposition “the enemy“: The nation’s peak organisation on affordability and secure housing for Australians on low incomes has accused federal Labor of rejoining a “list of enemies” against increasing home-ownership in favour of benefiting wealthy landlords. National

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UBS with the note: In a relative context, is it time to turn more positive on Chinese equities? The 18.8% fall in MSCI China this month, among the worst five months in the last 20years, has now wiped out the relative outperformance since early 2017. Structurally we like Chinese equities. Tactically we’ve been underweight. How

The post Time to buy Chinese stocks? appeared first on MacroBusiness.

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The Australian Bureau of Statistics (ABS) yesterday released consumer price index (CPI) data for the June quarter of 2021, which revealed that property rents across the combined capital cities fell sharply over the prior 12 months. While property rents rose 0.1% of the quarter: However, over the year to June 2021, rents were dead flat

The post ABS: Property rents climb out of gutter appeared first on MacroBusiness.

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By Ad astra   Asked what he wanted from life, a wise man said: I want to live; I want to be loved; and I want a little variety. This piece is about the latter: “a little variety”. Are you, like me, wearied by the sameness of so much of contemporary life? Multiple lockdowns occasioned by Covid-19…

The post Sameness appeared first on The AIM Network.

During Sydney’s belated and half-hearted lockdown in response to this current outbreak of the Delta variant of Covid-19, Premier of New South Wales, Gladys Berejiklian said on July 22: “I don’t think everybody appreciates how contagious this strain is and how different it is from past strains”1. Just about everybody with a modicum of intelligence and an ability to read or hear the news has known that the Delta strain is very much more transmissible than previous strains. It was first detected in India in early April 2021 and was detected in the UK in mid-April.

The latest FOMC meeting did not translate into a lot of volatility overnight with Wall Street largely unchanged while Treasury yields eventually clawed back some intrasession gains due to the lack of an outright tapering signal. Currency world saw more volatility with Euro ranging through nearly 80 pips while the Aussie had similar volatility but

The post Macro Morning appeared first on MacroBusiness.

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