Blogotariat

The Coalition recently proposed legislation to require firms in specific industries to divest assets if they are deemed to have abused their market power. The divestiture powers will especially target supermarket and hardware companies with yearly revenue of more than $5 billion, including Coles, Woolworths, and Bunnings. On Tuesday, Prime Minister Anthony Albanese announced a

Leading electricity network is looking at a sun tax and "solar soak" tariffs as it prepares for a surge in the uptake of EVs, electrification of homes and roller-coaster demand.

Analysis by Money.com.au shows that first home buyers need to save nearly double the deposit to purchase an average Australia compared to 12 years ago: “Since the ABS began measuring dwelling values in Australia, the average property price has surged by 99% — from $489,900 in 2012 to $973,300 in 2024”, notes Money.com.au. “Back in

The post First home buyers face an impossible housing market appeared first on MacroBusiness.

On the eve on the UN International Day of Peace, I searched ministerial websites for media statements that might reflect the Australian Government’s commitment to this year’s theme “Building a Culture of Peace” but I found no indication that the Albanese Government has a vision of its role as a middle power working to support international law and prevent the ravages of militarism.

The bodies meant to protect us from floods are unaccountable, self-serving and feudal in character. No wonder they keep failing.

By George Monbiot, published in the Guardian 18th September 2024

Labour’s first stage of government resembles a vast forensic excavation. As it works through the Conservatives’ midden of horrors, it discovers an ever greater legacy of underinvestment, neglect and corruption. However disappointing the new government’s compromises might be, we shouldn’t forget how overwhelming this task must feel.

By now, we all know how the gas cartel has trashed Australian economic management (even though you won’t read about it anywhere else): …Inflation fell to a three-year low last month as millions of households received $75 electricity bill rebates from the federal government, but prices for other goods and services continued to increase quickly,

The post Baked RBA will be forced to slash interest rates appeared first on MacroBusiness.

A decision on a dispute billion-dollar wind project off north-west Tasmania has been delayed again, for the third time amid ongoing legal battles.

Asian share markets are again dissecting the news and double speak from their respective central bankers with the PBOC pushing through a modest medium term cut helping Chinese stocks higher. Australian shares remain in flux due to the RBA’s inaction while it looks like a slow start to the European session tonight. Euro is holding

The post Macro Afternoon appeared first on MacroBusiness.

Consortium of companies picked to build the transmission system for the Central-West Orana renewable energy zone has been awarded an operator's licence.

Federal Labor green lights three major thermal coal mine expansions, in a move that lays bare the blatant disregard of climate change in Australia's environmental laws.

Healthcare is one area in which Australia has excelled. Medicare, a comprehensive, government-funded health insurance program that provides discounts on medical expenses, is available to all Australians. All Australians are entitled to free medical treatment in public hospitals. Australia also has a national Pharmaceutical Benefits Scheme that provides considerable subsidies to ensure that consumers are

We often hear Big Australia shills claim that Australia’s population is still smaller than it would be if it were not for the pandemic. These shills often also claim that Australia’s immigration has been at record levels because of “catch-up” migration. Last year, a Coalition MP used a good analogy to ridicule this “catch-up” claim.

The post Debunking the migration catch-up myth appeared first on MacroBusiness.

Your nation is being destroyed by the gas cartel: Australia’s use of gas will be an election flashpoint as the Coalition pledges to streamline project approvals in a quid-pro-quo with companies to keep more of the fossil fuel for local use. The pledge from resources spokeswoman Susan McDonald built on a speech from Dutton on

The post Unelectable Dutton sucks gas cartel pipe appeared first on MacroBusiness.