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John Quiggin Tuesday, July 23, 2024 - 17:00 Source

Joe Biden’s withdrawal from the US presidential election has prompted me to write down a few thoughts about getting old and being old.

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The Australian Independent Media Network Tuesday, July 23, 2024 - 15:45 Source

Media Release GOLD COAST: Emergency services must engage in partnerships with the private sector to contain the impacts of disasters and climate change, according to disaster response and coordination expert Dr Emily Chapman, speaking at a disaster and emergency management conference on the Gold Coast on Tuesday. Dr Chapman, who is a presenter at the…

The post Public-private partnerships key to contain disaster and climate change impacts appeared first on The AIM Network.

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Renew Economy Tuesday, July 23, 2024 - 15:36 Source
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Cheeseburger Gothic Tuesday, July 23, 2024 - 15:31 Source

I was taken with this bit in The Cut about which on-screen natural disasters would be the most fun and survivable. The dirty little secret of disaster movies is that we all imagine ourselves making it through to the final scene, whereas in reality, we’d all be screaming extras who perished in the opening few minutes.

Well, except for me. I’d make it through.

But I’d have my preferences.

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Renew Economy Tuesday, July 23, 2024 - 15:23 Source
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Renew Economy Tuesday, July 23, 2024 - 15:00 Source
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The Australian Independent Media Network Tuesday, July 23, 2024 - 14:15 Source

A new survey by Soft Landing Mattress Recycling, Australia’s largest mattress recycler, reveals Australian consumers’ strong stance on mattress sustainability and recycling. It issues a call to action to councils and retailers nationwide to help solve the growing problem of mattresses in landfills. The newly released ‘Mattresses Matter’ Sustainability Survey finds that Australians are highly…

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MacroBusiness Tuesday, July 23, 2024 - 14:00 Source

Australians have experienced one of the sharpest rises in mortgage rates in the developed world: Australians have also experienced the largest rise in debt servicing costs in the developed world: The reason for Australia’s sharper rise in mortgage costs is that we have one of the highest concentrations of variable rate mortgages in the world.

The post RBA hikes push 800,000 extra Aussies into mortgage stress appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2024 - 13:30 Source

The thought of lighting a dart makes me nauseous. My mother was a heavy smoker, and the continual smell of smoke is one of my most unpleasant childhood recollections. She quit smoking 12 years ago, but the ensuing emphysema has significantly reduced her standard of living. Despite that, I was never in favour of taxing

The post Tobacco taxes fuel underworld crime wave appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2024 - 13:00 Source

If only: Greens housing spokesman Max Chandler-Mather has made clear the minor party’s policies are aimed at achieving a real decline in housing values over time to ­ensure the next generation has a better chance of buying a home …The Greens have proposed a major overhaul to phase out negative gearing and abolish the ­capital

The post Will The Greens crash house prices? appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2024 - 12:30 Source

Goldman with the note. President Joe Biden exited the 2024 presidential race today (July21) and endorsed Vice President Kamala Harris. Harris’ prediction market-implied odds of winning the Democratic nomination stood at 80% following the news. Democrats’ odds of winning the White House ticked up slightly, while House and Senate control odds were little changed. The

The post Kamala’s crappy polls appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2024 - 12:00 Source

A fortnight ago, SQM Research managing director Louis Christopher warned that Melbourne faced “housing price falls… driven by the further deterioration in auction clearance rates over very recent weeks”. Over the weekend, CoreLogic recorded the lowest preliminary clearance rate since the week ending 9 June, with only 66.9% of auctions clearing based on preliminary results.

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Your Democracy Tuesday, July 23, 2024 - 11:34 Source

With Biden out of the 2024 race, what’s the Deep State’s next move?The deeply unlikeable Kamala Harris has been tapped to get the Democratic nomination. Can her victory be ensured behind the scenes?

The 81-year-old US head of state has endorsed Vice President Kamala Harris to be picked as the Democratic Party nominee for the upcoming elections. Will this controversial shift drive a wedge between liberals long into the future?

 

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MacroBusiness Tuesday, July 23, 2024 - 11:30 Source

Alas, this was so predictable: Resources Minister Madeleine King warned that Greens leader Adam Bandt’s plan to demand legislation in a minority parliament restricting LNG export contracts would destabilise international relations and trash Australia’s global reputation. “It’s somewhat ironic that in proposing to tear up Australia’s long-term export contracts, the Greens political party proposes to

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Your Democracy Tuesday, July 23, 2024 - 11:22 Source

If you are one of the world's two superpowers and you receive a clear and specific challenge from the other power, essentially a threat to your existence, how do you respond? China did it in an unexpected and very Chinese way. Basically: which of us is stronger, difficult to say, but we are smarter and therefore we will win.

 

NATO challenges Beijing, China provides unexpected response

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Your Democracy Tuesday, July 23, 2024 - 11:07 Source

After one year of operation, the National Anti-Corruption Commission has spent $65 million on organising itself, pretty presentations, and rejecting submissions of obvious corruption. What’s the scam?

The scam is how the Labor Government colluded with the opposition to set up an anti-corruption body to honour Labor’s election promise, but designed it to avoid investigating each other’s rorts. Party politics at its very worst.

 

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MacroBusiness Tuesday, July 23, 2024 - 11:00 Source

The Economist has published another immigration propaganda article warning of dire economic consequences if rich nations dial back on record immigration. The article notes that “in the past three years 15 million people have moved to rich countries, the biggest surge in modern history (see chart 1)”. The Economist then claims that “some anti-immigration measures…

The post More open borders propaganda from The Economist appeared first on MacroBusiness.

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Renew Economy Tuesday, July 23, 2024 - 10:57 Source
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MacroBusiness Tuesday, July 23, 2024 - 10:30 Source

PropTrack has released its rental market report for the June quarter, which showed persistently strong demand for rentals amid limited supply. National advertised rents were unchanged over the June 2024 quarter, remaining at $600 per week: Over the 12 months to June 2024, national advertised rents increased by 9.1%, or an additional $50 per week.

The post “Rapid population growth” steamrolls Aussie renters appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2024 - 10:00 Source

The Third Plenum is a bust so far for stimulus: China’s ruling Communist Party pledged to accelerate a new housing model that emphasizes renting and ramps up affordable homes, following a record property slump. The party’s Central Committee said the new model will promote both renting and buying, in line with its call made since 2017, according

The post China “pushes on a string” appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2024 - 09:30 Source

Shanghai rebar held on for the day but SGX futures did not: Mad Dalian is breaking through the 800 barrier: Coking coal is stuffed: All charts have the same bearish descending triangle pattern right at critical support. UBS has a couple more charts that illustrate what is going on in very strait forward terms. Demand

The post Iron ore breaking down appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2024 - 09:00 Source

It was buy the dip lucky strike overnight following the US political volatility that was absorbed with aplomb with tech stocks leading the way on Wall Street overnight, but also a resurgence in European shares as they try to reverse their recent slump. The USD moved across the board with Yen appreciating while Aussie and

The post Macro Morning appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, July 23, 2024 - 07:27 Source

The Australian College of Nursing (ACN) has developed a new Position Statement on Artificial Intelligence (AI). This Position Statement aims to provide nurses with an understanding of the core principles to safely navigate using AI, recognising the pivotal and important role of AI, and acknowledging the role AI will play in the contemporary healthcare setting…

The post AI has the potential to transform nursing appeared first on The AIM Network.

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MacroBusiness Tuesday, July 23, 2024 - 07:00 Source

The Reserve Bank of Australia (RBA) has published a Bulletin article entitled “Recent Drivers of Housing Loan Arrears”. To nobody’s surprise, the RBA found that “highly leveraged borrowers have been most likely to fall into arrears since 2022, consistent with their generally higher arrears rates and greater vulnerability to challenging economic conditions”. “This largely reflects

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MacroBusiness Tuesday, July 23, 2024 - 05:44 Source

DXY firmed last night: AUD was thrashed lower: Much of the damage was done earlier in the day by the PBoC rate cut, an ominous signal for Trump tariffs: Oil fell, gold firmed: The copper bubble is a laugh a minute: Big miners are in big trouble: EM stocks popped: Junk is bullish: Yields firmed:

The post Australian dollar thrashed lower appeared first on MacroBusiness.

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Renew Economy Tuesday, July 23, 2024 - 01:23 Source
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MacroBusiness Tuesday, July 23, 2024 - 00:05 Source

A report from Oxford Economics forecasts that 960,000 new homes will be built across Australia over the next five years, well short of the Albanese government’s target of 1.2 million homes. The construction shortfall will mean that the housing crisis will deepen and remain a “chronic” issue. The report’s author, Timothy Herbert, says that dwelling construction

The post No end in sight to housing crisis appeared first on MacroBusiness.

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George Monbiot Monday, July 22, 2024 - 22:54 Source

Here’s why the government should tax the rich and tax them hard.

By George Monbiot, published in the Guardian  14th July 2024

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Renew Economy Monday, July 22, 2024 - 22:19 Source
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Renew Economy Monday, July 22, 2024 - 18:35 Source
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