Blogotariat

Oz Blog News Commentary
Your Democracy Monday, March 25, 2024 - 21:11 Source

The United Nations has altered its statement on Friday’s concert venue terrorist attack in Moscow after the Russian Foreign Ministry questioned the wording of the original message.

In a post on Telegram early on Saturday, ministry spokeswoman Maria Zakharova thanked the office of UN Secretary-General Antonio Guterres for the “timely correction and formulation of a clear position.”

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Cheeseburger Gothic Monday, March 25, 2024 - 19:32 Source

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The Australian Independent Media Network Monday, March 25, 2024 - 16:44 Source

RMIT University Media Release   The Federal Government is negotiating how to implement the changes recommended by the Australian Law Reform Commission (ALRC) report on anti-discrimination law reform, with a bill tabled in parliament late last week. Professor Anna Hickey-Moody, expert in youth studies: “A year later than anticipated, this report recommends Australia should ‘narrow the…

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MacroBusiness Monday, March 25, 2024 - 16:30 Source

An uneasy first trading session for Asian share markets after a volatile week with Friday’s night poor showing on Wall Street and the still high USD continuing to weigh on risk sentiment. The Australian dollar has remained depressed just above the 65 handle. Oil prices are pausing their recent breakout as Brent crude remains well

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, March 25, 2024 - 15:40 Source
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Renew Economy Monday, March 25, 2024 - 15:39 Source
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Renew Economy Monday, March 25, 2024 - 15:32 Source
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Renew Economy Monday, March 25, 2024 - 15:15 Source
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Renew Economy Monday, March 25, 2024 - 15:12 Source
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MacroBusiness Monday, March 25, 2024 - 14:00 Source

Justin Fabo from Antipodean Macro published the below chart showing market interest rate pricing for Australia and New Zealand: As you can see, both central banks are tipped by markets to lower interest rate this year. However, the Reserve Bank of New Zealand (RBNZ) is tipped to commence its easing cycle later than the Reserve

The post Which Reserve Bank will blink first? appeared first on MacroBusiness.

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MacroBusiness Monday, March 25, 2024 - 13:30 Source

At MB, we love “tiny” Tim Wilson. His years as a libertarian politician feasting at the pubic tete, IPA attack dog, climate change sceptic and wind power champion, gay marriage campaigner and human rights wrecker, far-right culture warrior and “modern Liberal” have so come to epitomise the narcissism of political failure that following his career

The post “Tiny” Tim Wilson mounts house price rocket to power appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, March 25, 2024 - 13:27 Source

Independent Tertiary Education Council Australia (ITECA) Media Release A Federal Parliamentary committee report into the perceptions and status of vocational education and training offers mixed outcomes for students, according to the Independent Tertiary Education Council Australia (ITECA), the peak body representing independent skills training, higher education, and international providers. The report highlights the need to…

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MacroBusiness Monday, March 25, 2024 - 13:00 Source

On Friday evening, I was interviewed by Sky News’ Erin Molan, where I provided a simple solution to Australia’s immigration policy quagmire, which has seen our state budgets and major cities crush-loaded by too much immigration. The discussion followed both NSW Premier Chris Minns and Opposition leader Mark Speakman pushing back against the federal government’s

The post Policy failure is wrecking living standards appeared first on MacroBusiness.

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MacroBusiness Monday, March 25, 2024 - 12:40 Source

This is ridiculous: Before he replaced Arthur Sinodinos as Australia’s ambassador to the US in March last year, former prime minister Kevin Rudd was openly hostile toward Donald Trump. He variously branded the former president as “the most destructive president in history”, “nuts”, guilty of “rancid treachery”, “mercurial” and “episodically hard-line”. But now Rudd is

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MacroBusiness Monday, March 25, 2024 - 12:34 Source

MB blogging has finally proved too much for the handsome McGrathmageddon, and the firm is set to return to private hands: McGrath is set to return to private hands with a consortium of Knight Frank and Bayleys offering to buy the company in a deal that would value it at about $95.5 million following years

The post McGrathmageddon ends in “renovator’s delight” appeared first on MacroBusiness.

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MacroBusiness Monday, March 25, 2024 - 12:30 Source

Goldman Sachs, no less. AUD: Space AUDity. Financial conditions have eased year-to-date, led lower by rising equity prices (Exhibit 3). Usually, AUD outperforms in this type of environment (Exhibit 4)—positive growth repricing typically benefits pro-cyclical currencies—but that typical strength has not materialized this year. Instead the currency has unexpectedly weakened versus the Dollar. We have

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MacroBusiness Monday, March 25, 2024 - 11:30 Source

In this month’s speech to the National Press Club, Yanis Varoufakis suggested that the Australian property market is a Ponzi scheme. AMP’s deputy chief economist, Diana Mousina, refuted the claim that Australian property was a Ponzi scheme, noting that high immigration and tax incentives justify housing prices. “Really, it’s Sydney, Melbourne, Brisbane where the price

The post Is Australian property a Ponzi scheme? appeared first on MacroBusiness.

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Renew Economy Monday, March 25, 2024 - 11:16 Source
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MacroBusiness Monday, March 25, 2024 - 11:00 Source

The Weekend Australian reported that Treasurer Jim Chalmers told the nation’s corporate leaders that Australia’s economy is “not productive enough, not competitive and not dynamic enough” and that this situation is “not acceptable to me or to the government that Anthony Albanese leads”. “That’s why we are putting in place new foundations for growth”, Chalmers said.

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xkcd.com Monday, March 25, 2024 - 11:00 Source

The Mercator projection drastically distorts the size of almost every area of land except a small ring around the North and South Poles.

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MacroBusiness Monday, March 25, 2024 - 10:30 Source

The reporting on this story is so bad that the journalists should be fired. Only stakeholders were interviewed, no independent experts commented, and zero research was conducted. Are Nick Toscano and Mike Foley the nom de plumes of a new hallucinating Nine AI? Australia’s biggest east-coast gas exporters are edging closer to striking a new

The post Mad King readies new energy reaming appeared first on MacroBusiness.

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Your Democracy Monday, March 25, 2024 - 10:12 Source

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MacroBusiness Monday, March 25, 2024 - 10:00 Source

The Market Ear on retreating sentiment. There is almost always another buyer The greatest trick the seductive and mischievous Miss Market ever played was to fool us into believing that sentiment & positioning were max stretched. Tracking and trading these indicators have been a proper widow-maker in the last few weeks. And just to complicate

The post Equity sentiment retreats appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, March 25, 2024 - 09:36 Source

By Jane Salmon   Palm Sunday rallies bring together Jew and Moslem, Hindu, Buddhist, many varieties of Christian, humanists and atheists to share a vision of ecumenical cooperation and tolerance. The rallies traditionally promote human rights and equity while also condemning war. Sydney’s rally today was no exception. Josephite Sister Susan Connelly had plenty to say…

The post Palm Sunday wrap appeared first on The AIM Network.

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MacroBusiness Monday, March 25, 2024 - 09:30 Source

There is no bottom for the world’s largest asset class. It can’t fall any faster than this: I keep having to extend the bottom of my chart for the outlook of floor area starts: And the downside for construction volumes remains preposterous: There’s no money for developers: Or LGFV infrastructure: Nobody is breaking ground on

The post Chinese property crash reaches terminal velocity appeared first on MacroBusiness.

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Cheeseburger Gothic Monday, March 25, 2024 - 09:21 Source

I turn, gulp, 60 this year, so this bit in The Times (UK, not US) really hit all my pain points when I was lying in bed, sipping my morning tea, reading it yesterday. It’s paywalled and impervious to assaults by the 12 Foot Ladder, but I can summarise it for you.

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The Australian Independent Media Network Monday, March 25, 2024 - 09:13 Source

By James Moore   There are only 1500 people living in Brooklyn, Iowa, situated along the old transcontinental route of U.S. Highway 6 and north of Interstate 80, east of Des Moines. Calling itself a “community of flags,” Brooklyn does not have a profile that might suggest violent crime. Mollie Tibbetts certainly would have had no…

The post The Art of Hypocrisy appeared first on The AIM Network.

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MacroBusiness Monday, March 25, 2024 - 09:00 Source

Friday night was a consolidation session for risk markets as they digested all the interest rate meetings of the week, with US bond yields falling slightly while the USD held sway over the currency majors. Wall Street stumbled a little bit but held on to their gains while European stocks were all over the place

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Monday, March 25, 2024 - 09:00 Source

A cabal of neo-conservative, anti-China politicians who call themselves the Wolverines, a nod to the 1980s Patrick Swayze movie Red Dawn, have just spread their network to Tasmania, thanks to last night’s election of Eric Abetz, and are ramping up their presence in WA. 

Robert Barwick reports. 

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MacroBusiness Monday, March 25, 2024 - 08:30 Source

The Senate’s inquiry into the retirement system has been extended for 12 months and will now run until June 2025. The inquiry’s terms of reference have also been expanded, and it will consider how superannuation can be used to increase home ownership. The inquiry is chaired by Liberal Senator Andrew Bragg, who contends that Australians

The post Coalition sacrifices superannuation for house prices appeared first on MacroBusiness.

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