Blogotariat

The Australian Bureau of Statistics (ABS) has released the monthly inflation gauge for November, which recorded headline CPI inflation of 2.3% year-on-year, slightly above expectations of a 2.2% rise. ABS head of prices statistics, Michelle Marquardt, noted: “Annual CPI inflation has risen since last month, in part due to the timing of electricity rebates. In

The post Inflation data great news for RBA appeared first on MacroBusiness.

In 2013, Labor Resources Minister Gary Grey made the unfortunate decision to allow the Gladstone liquified natural gas (LNG) terminals to be developed without the need to reserve gas for domestic users. “Let me say very clearly, a reservation policy could not lead to lower gas prices or more gas”, Grey told reporters at the

The post Australia nears gas disaster appeared first on MacroBusiness.

According to the Australian Bureau of Statistics (ABS), the public sector pay bill rose by 8% nationally in 2023-24 to $232 billion. The federal government’s wage bill rose by 10% to $37.3 billion in 2023-24, while the number of federal public servants grew by more than 4% to 365,400. Last financial year, only the ACT

The post Federal budget collapses into bureaucratic sink hole appeared first on MacroBusiness.

Wall Street had a dour session overnight led by big falls by tech stocks as Asian and European shares lifted higher as concerns over inflation and Trump’s tariff shotgun approach weighed on risk markets. Bond markets are seeing spikes in yields while the USD came back to strength against most of the undollars as the

The post Macro Morning appeared first on MacroBusiness.

Meta, the parent company of Facebook, Instagram, WhatsApp and Threads, announced on Tuesday that it will discontinue its controversial third-party fact-checking program in the US. In a video address, CEO Mark Zuckerberg has admitted the services were “too politically biased” and “have destroyed more trust than they’ve created.”

Everyone has the odd “if only” thought from time to time. If only you had made a different career choice, if only you had not said the things you have said, or if only you had not done some of the things you have done. All those done and not done moments – those decisions and those things you did which, when you wake up at night, have you squirming with anguish and/or embarrassment.

Just before Christmas, the Albanese Government released the findings of a report into how much funding the federal government contributes to those institutions around the country that research and report on the contemporary challenges facing Australian strategic policy.

Marching blindfolded into the new Cold War    By James Curran

Australian Prime Minister Anthony Albanese awarded Canadian Prime Minister Justin Trudeau high praise after announcing his resignation. “I wish Justin Trudeau all the very best in whatever he chooses to do next in his life”, Albanese said. “I regard him as a personal friend, but he is a great friend of Australia”. Trudeau resigned amid

The post How Australia followed Canada into housing catastrophe appeared first on MacroBusiness.

Safe to say this issue will never be resolved

Twenty-five years ago, the world waited for the dawn of a new millennium (a few pedants grumbled that the millennium wouldn’t start until 2001, but no one paid much attention). The excitement of the occasion was tempered by concern, and, in some quarters panic, about the possibility of a massive computer outage resulting from the “Y2K” or “millennium” bug.

It is official. Canadian Prime Minister Justin Trudeau has resigned amid growing pressure from Liberal Party coleagues. Trudeau, who has been in power for nine years, announced that parliament would be adjourned until March 24 to facilitate a new government and allow time for a new Liberal leader to be elected before the next election.

The post Why Canadians turned against Justin Trudeau appeared first on MacroBusiness.

If a federal election were held today the L-NP would win, with a two-party preferred (2PP) vote of 53% (up 1% since Christmas) compared to the ALP on 47% (down 1%). In an interesting turn of events, the shift away from the ALP to L-NP on a two-party preferred basis came directly from the Green

The post Peter Dutton gains election-winning lead appeared first on MacroBusiness.

Starting from 1 July 2024, Victorian non-profit private schools with an income per student exceeding $15,000 were subject to a 4.86% payroll tax. Collectively, these schools would pay the Victorian government an estimated $101.8 million in 2025. According to analysis by The Age, the payroll tax charge has driven an annual tuition increase of 6.5%

The post Why aren’t universities charged Victoria’s payroll tax? appeared first on MacroBusiness.

A KPMG survey of 320 C-suite executives and board directors about their major challenges over the short and medium term cited high house prices and skyrocketing rents as the top areas of concern affecting the economy. “Forty-eight per cent of business leaders named “meeting the challenges of housing availability and affordability” as the top social