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Your Democracy Saturday, June 28, 2025 - 07:57 Source

The forms of 19th-century European fictions, including the Russian, have a powerful relation to older Christian stories, from the Bible to Bunyan. The novels meet the old tales with part parody, part dialogue, part rejection and reconstruction.

 

The Idiotby Fyodor Dostoevsky, translated by David McDuff

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Your Democracy Saturday, June 28, 2025 - 07:28 Source

The Poetry Of Reality is a podcast hosted by renowned evolutionary biologist, Richard Dawkins. This is an audio and video experience that tracks our acclaimed protagonist in his navigation of the natural world and his pursuit of truth through scientific curiosity.

 

WELCOME TO The Poetry of Reality

 

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Your Democracy Saturday, June 28, 2025 - 07:19 Source

The ABC has long held a reputation as Australia’s sober, publicly-funded bulwark against tabloid sensationalism – the broadcaster you turn to when you want analysis, not alarmism.

Which is why their recent report “Company in charge of proposed incinerator outside Geelong has direct links to the Chinese government” on a proposed waste-to-energy plant near Geelong reads more like a Netflix drama: Red Furnace – China’s Great Bin Fire.

 

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Your Democracy Saturday, June 28, 2025 - 06:32 Source

The Daily Mail has revealed that the grandfather of Blaise Metreweli, who is expected to become the first woman to lead the UK’s foreign intelligence service (MI6), was a Nazi collaborator who oversaw atrocities in occupied Ukraine.

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MacroBusiness Saturday, June 28, 2025 - 00:05 Source

International Reading: Trump Sends Dollar Plunging With Plan to Turn Federal Reserve MAGA – The Daily Beat Gen X is the least financially secure generation – Independent Cargo ship carrying 3,000 vehicles, including 800 EVs, sinks in the Pacific Ocean – Live Mint US economy shrunk faster than expected, new data shows – The Hill

The post Weekend reading and media appearances appeared first on MacroBusiness.

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Your Democracy Friday, June 27, 2025 - 19:38 Source

Suddenly, nothing grew

The crops around the planet died

The air went dry without dew

The wind carried sands that fried

Hot like a Venusian summer

Cold like a Martian winter

 

What happened asked rat number two

Rat number one could not answer

He was dead as two would soon be too

 

We’re completely out of luck

Number two thought, barely cogent

Those nuking monkeys with their muck

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The Tally Room Friday, June 27, 2025 - 18:28 Source

Nominations were announced today for the Tasmanian state election. After record-sized ballot papers at the previous election in 2024, they will shrink slightly in 2025. There will be fewer columns on the ballot paper, along with larger fields of ungrouped independents. While ballot papers will be smaller than in 2024, they will still be some of the largest seen in recent decades. The average number of columns is slightly smaller than the 35-seat election of 1996, equal to 2014 and otherwise more than every election other than 2024 since 1989.

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George Monbiot Friday, June 27, 2025 - 16:35 Source

A massive new road scheme will solve precisely nothing, while costing the Earth.

By George Monbiot, published in the Guardian 24th June 2025

There appear to be two main determinants of what infrastructure gets built. The first is whether it provides large and lucrative contracts for powerful corporations. The second is whether ministers can pose beside it in hard hats and yellow jackets. Otherwise, it is hard to explain the decisions made.

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Renew Economy Friday, June 27, 2025 - 15:25 Source
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MacroBusiness Friday, June 27, 2025 - 15:00 Source

Share markets in Asia are again failing to follow the ebullient mood on Wall Street with the latest industrial production numbers in China disappointing while Japanese core inflation numbers are still relatively high, giving the Nikkei a boost above the 40000 point level. The USD is still falling across the board except against gold with

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Friday, June 27, 2025 - 14:00 Source

On Wednesday, the rush to the bottom by Australian policymakers to pump housing demand entered yet another chapter, this time with multiple state government’s taking their turn. At the federal election, the Albanese government promised a 5% deposit scheme that would cover the overwhelming majority of first home buyers. This comes in spite of the

The post Everyone is pumping Aussie housing prices appeared first on MacroBusiness.

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Renew Economy Friday, June 27, 2025 - 13:52 Source
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Renew Economy Friday, June 27, 2025 - 13:35 Source

Electricity bill plug dollars small iStock-615103794

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MacroBusiness Friday, June 27, 2025 - 13:30 Source

A 2024 report by the Penington Institute claimed that cannabis has become an integral part of the criminal economy, representing a $5 billion black market in Australia that generates massive profits for transnational gangs. “It’s shocking … how integrated it is to criminal networks. It’s an own goal for us. Police are already really busy.

The post Aussies support cannabis legalisation appeared first on MacroBusiness.

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Renew Economy Friday, June 27, 2025 - 13:02 Source
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MacroBusiness Friday, June 27, 2025 - 13:00 Source

I love iron ore sometimes. They are so hopeful. None more so than Mineral Resources as the doomed firm unveils its latest glorious folly. AFR. It’s the remote Pilbara iron ore project that has the market divided. Now, two years after first breaking ground at Ken’s Bore, Mineral Resources is out to spruik its flagship

The post MinRes Putt Putts its way to hell appeared first on MacroBusiness.

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MacroBusiness Friday, June 27, 2025 - 12:30 Source

Last week, CBA economist Harry Ottley reported on the quarterly labour market account from the Australian Bureau of Statistics (ABS), which showed that 60% of the nation’s job growth since the beginning of the pandemic has come from the non-market (government-aligned) sector. Over the past two years, the non-market sector accounted for 80% of jobs created.

The post NDIS delivers artificial jobs boom appeared first on MacroBusiness.

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Renew Economy Friday, June 27, 2025 - 12:23 Source
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Your Democracy Friday, June 27, 2025 - 12:13 Source

French President Emmanuel Macron has warned that the international community must act to prevent Iran from leaving the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), which prohibits it from acquiring nuclear weapons.

Some Iranian politicians have threatened to withdraw from the NPT in retaliation for recent US and Israeli strikes on the country’s nuclear facilities.

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Renew Economy Friday, June 27, 2025 - 12:04 Source
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MacroBusiness Friday, June 27, 2025 - 12:00 Source

Wind generated power now comprises a substantial proportion of Australia’s electricity supply. As of September 2024, Australia had an installed wind capacity of approximately 13.3 GW. Wind power accounted for 13.4% (or 31.9 TWh) of Australia’s total electricity generation in 2024. The Albanese government aims to generate 82% of Australia’s electricity by 2030 from renewable

The post Renewable energy suffers fatal flaw appeared first on MacroBusiness.

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MacroBusiness Friday, June 27, 2025 - 11:30 Source

The Market Ear with the charts. Teflon tech NASDAQ getting overbought, but things can stay overbought for longer than most think possible, especially when the golden cross is in place… We outlined the melt up logic early this week and pointed out the fact investors are running way too little risk. Underexposure remains an issue

The post Into the blowoff appeared first on MacroBusiness.

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MacroBusiness Friday, June 27, 2025 - 11:00 Source

Victoria’s financial situation is dire, as projections indicate that the state’s debt will increase from $155.5 billion to $194 billion by FY29. Victoria’s per capita debt, already the highest in the nation, is projected to rise from $21,900 currently to $25,500 in FY29. Ratings agencies have warned that they will downgrade Victoria’s credit rating, which is

The post Victorians railroaded into debt slavery appeared first on MacroBusiness.

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Renew Economy Friday, June 27, 2025 - 10:51 Source
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Renew Economy Friday, June 27, 2025 - 10:45 Source
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Renew Economy Friday, June 27, 2025 - 10:37 Source
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MacroBusiness Friday, June 27, 2025 - 10:30 Source

According to the ABS, Australia continues to experience unprecedented labour demand. The problem is that the index is the worst available. Private measures are far below and heading back into the lowflation period. Goldman explains the ABS rubbish measure: Structural trends such as lower advertisement costs and a shift to more temporary positions tend to

The post ABS job vacancies are garbage appeared first on MacroBusiness.

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MacroBusiness Friday, June 27, 2025 - 10:00 Source

As the risks of a downward glide path for elements of China’s industrial economy continues to become clear, the risks for Australia’s economy and in particular state and federal Treasury outlooks are becoming increasingly apparent. So far the hole left in China’s iron ore consumption left by the dramatic decline in the residential property sector

The post India cannot save Australia from China’s decline appeared first on MacroBusiness.

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xkcd.com Friday, June 27, 2025 - 10:00 Source

To combat the threat, many airlines are installing wing-mounted spray bottles.

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MacroBusiness Friday, June 27, 2025 - 09:30 Source

Global reflation ahoy! DXY down. AUD up. Lead boots up. Gold’s stall is signalling DXY may be running out of downside soon. Metals reflation. Miners up for a day. EM breaks out. Junk breaks out. Yields melting down. Stocks melting up. Buy all the things. Except DXY and European stocks, apparently. The market loved the

The post Australian dollar joins buy everything party appeared first on MacroBusiness.

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