Blogotariat

Victoria’s 90-kilometre Suburban Rail Loop (SRL) is arguably Australia’s worst infrastructure project ever. Just before the 2018 State Election, former Premier Daniel Andrews announced this project. Andrews initially announced that the SRL’s three stages would cost $50 billion. However, the cost to build and run the project has already risen to more than $200 billion.

I did tell you to wait until Xi Jinping gave you the green light and he has:  The PBoC will set up a swap facility of CNY500 billion allowing securities firms, funds,and insurance companies to tap liquidity from the central bank to purchase equities. It will also set up a specialized re-lending facility of CNY300

The post Do buy Chinese stocks appeared first on MacroBusiness.

Madness gripped the iron ore market yesterday as steel prices rose a bit and iron ore a lot: Mad Dalian too: That wrecks steel mill profitability and guarantees further output falls. Self-defeating market drivel. Global steel is already reeling and it is about to get worse thanks to an iron ore rally based on the

The post Iron ore goes mad appeared first on MacroBusiness.

We talked about the need to develop criteria for evaluating countries different from existing Western ones (according to which most states today do not want to be evaluated) and raised the issue of expanding the professional army in our country, as well as trying to figure out what should be the basis for the Declaration of Civil Society, which will be presented in Kazan.

Fortescue announces $4 billion deal for hundreds of electric trucks, dozers and excavators to eliminate fossil fuels at its mines. Even Rio Tinto is excited and vowing to be a "fast follower."

Oxfam Australia Media Release Oxfam is responding to the escalating crisis in Lebanon, providing essential support to the hundreds of thousands of people who have been forced to flee as Israeli airstrikes bombard their homes and communities. The influx of internally displaced people, primarily from southern Lebanon, will quickly create disastrous conditions for local communities,…

The post Oxfam responds to Lebanon crisis appeared first on The AIM Network.

Zelensky ‘greatest salesman in history’ – TrumpEvery time the Ukrainian leader comes to the US he walks away with $60 billion, according to the former president

ladimir Zelensky wants Kamala Harris to win the election “so badly,” former US President Donald Trump told a campaign rally in Pennsylvania on Tuesday.

The SMH’s Editorial warned that Sydney risks “becoming a city with no grandchildren, but also one with no aged care workers, police officers, shop assistants or rubbish collectors”, due to the city’s unaffordable housing. It notes that “there are 33 suburbs on the north shore, in the eastern suburbs and in the inner west with

The post Sydney faces an appalling decline in living standards appeared first on MacroBusiness.

Turkey’s interest in joining BRICS stems from several reasons, primarily rooted in its geopolitical ambitions. The country is frustrated with its stalled EU accession process, which has seen little progress over the past few decades. Moreover, Turkey seeks to diversify its alliances, reduce its reliance on the West, and strengthen ties with emerging powers like China, Russia, and India.

The Q2 national accounts and the latest labour force data showed that the public sector is powering the Australian economy, masking the deep private sector recession. Government spending hit a record-high share of GDP in Q2 after growing by 1.5% over the quarter: By contrast, the market sector declined by 0.6% over the quarter. Australian

The post Australia transforms into public sector economy appeared first on MacroBusiness.

Peter Dutton’s campaign to make Palestinian refugees into figures of fear mirrors the provocations to the recent UK Islamophobic riots. These were inspired by politicians such as Nigel Farage as much as by far-right influencers. Both examples are connected to Donald Trump’s debate amplification of the far-right American lie that Haitian immigrants are eating the…

The post Australian politicians are party to the ugly NatCon movement appeared first on The AIM Network.