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Oz Blog News Commentary
xkcd.com Monday, September 23, 2024 - 10:00 Source

Hopefully the HVAC people set it to only affect the AIR in the room.

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Renew Economy Monday, September 23, 2024 - 09:57 Source
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MacroBusiness Monday, September 23, 2024 - 09:30 Source

SHFE and SGX are still pretending everything is OK: But Mad Dalian broke down completely Friday and Friday night and is at new closing lows: Coking coal also rolled: It’s not clear what the trigger was. Maybe more shrinkulus: China is considering removing some of the largest remaining restrictions on home purchases after previous measures

The post Iron ore trap door opens appeared first on MacroBusiness.

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MacroBusiness Monday, September 23, 2024 - 09:12 Source

Judo Bank PMI sags again. Flash Australia Composite PMI Output Index: 49.8 (Aug: 51.7), 8-month low Flash Australia Services PMI Business Activity Index: 50.6 (Aug: 52.5), 2-month low Flash Australia Manufacturing PMI Output Index: 44.2 (Aug: 46.0), 52-month low Flash Australia Manufacturing PMI: 46.7 (Aug: 48.5), 52-month low The divergence in sector performance was likewise

The post Aussie PMI sags again appeared first on MacroBusiness.

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Renew Economy Monday, September 23, 2024 - 09:09 Source
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The Australian Independent Media Network Monday, September 23, 2024 - 09:04 Source

Sustainable Population Australia Media Release Without a mature discussion on population growth, the housing crisis will extend for years to come, according to Sustainable Population Australia (SPA). SPA National president Peter Strachan says there is deep denial within the government that population is the main factor driving housing demand. “The government’s focus is on supply…

The post Housing disaster will extend for years if population growth ignored appeared first on The AIM Network.

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MacroBusiness Monday, September 23, 2024 - 09:00 Source

The post FOMC breakouts ceased on Friday night as other Fed officials muddied the waters with talk about the decline in inflation not as severe as once thought. Wall Street failed to hit another new record high and slid backwards, although European stocks did worse on the wobbly mood. USD remains weak with Euro still

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, September 23, 2024 - 08:00 Source

In September 2022, the newly elected Albanese government convened the Jobs & Skills Summit with the express purpose of turbo-charging net overseas migration into Australia. Then Home Affairs Minister Clare O’Neil said that immigration had been the “special sauce in our national story” and wanted more. She said that Australia had to move “away from

The post Labor deflects blame for migration deluge appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, September 23, 2024 - 07:20 Source

By Denis Hay  Description: Uncover how the deep state influence shapes global politics, including Australia’s policies, serving corporate and geopolitical interests. Introduction: The Shadowy World of the Deep State In a world where democracy is celebrated as the cornerstone of modern governance, the concept of a “deep state” challenges our most fundamental beliefs. The deep…

The post The Deep State Influence on Global and Australian Politics appeared first on The AIM Network.

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MacroBusiness Monday, September 23, 2024 - 07:00 Source

Victoria already has the lowest credit rating and the worst debt profile in the nation. Over the past several weeks, the world’s two largest credit rating agencies have warned the state government that it risks further downgrades unless it controls its debts. A single-notch downgrade could see Victoria’s interest bill rise by 0.5% from its

The post Victoria must cull its bloated public service appeared first on MacroBusiness.

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Your Democracy Monday, September 23, 2024 - 06:27 Source

As the war in Ukraine heads into its third winter, Western leaders appear to be sinking further every day into a delusional belief in the success of their hydra-headed attempts to first defenestrate Russia before moving on to do the same to China.

 

Delusion and defeat in Ukraine     By Les MacDonald

 

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Your Democracy Monday, September 23, 2024 - 05:41 Source

Kiev is working to obtain patriarchate status for the Orthodox Church of Ukraine (OCU), a schismatic entity propped up by the Ukrainian government, according to Vladimir Zelensky.

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MacroBusiness Monday, September 23, 2024 - 00:10 Source

PropTrack’s latest housing affordability report revealed that housing has never been more unaffordable in Australia, with median-income households earning just over $112,000 a year only able to afford 4% of homes sold across the nation over the past year: Australians now need to be high-income households earning $213,000 a year (i.e., in the top 20%

The post First home buyers blamed for soaring prices appeared first on MacroBusiness.

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MacroBusiness Monday, September 23, 2024 - 00:05 Source

This week we get the monthly inflation print for August. Westpac sees 2.7% and Antipodean Macro 2.6%. Well within the RBA’s target band and a trigger for rate cuts: However, the result will be driven by energy rebates: The RBA does not include the rebates in quarterly trimmed mean inflation, which Westpac sees as a

The post Gas cartel destroys Aussie interest rates appeared first on MacroBusiness.

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Your Democracy Sunday, September 22, 2024 - 22:16 Source

Large protests took place across France on Saturday over the appointment earlier in the day of a right-leaning government. Thousands marched in Paris, denouncing President Emmanuel Macron and his new conservative prime minister, Michel Barnier, claiming they had disregarded the results of the July parliamentary election.

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Your Democracy Sunday, September 22, 2024 - 21:57 Source

Boris Johnson has argued that Russia must be forced to accept defeat, even if doing so costs a trillion dollars

Russia must understand that “it’s over,”and that Ukraine will not concede any territory for peace, former British Prime Minister Boris Johnson has argued. For this goal to be achieved, however, Kiev will need long-range weapons, NATO membership, and half a trillion dollars, Johnson added. 

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Your Democracy Sunday, September 22, 2024 - 18:37 Source

‘Africa must unite’: Why this man was feared by the US and BritainKwame Nkrumah’s insight into the true nature of neo-colonialism was ahead of his time and is still relevant today

 

By Maxwell Boamah Amofa

 

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Your Democracy Sunday, September 22, 2024 - 18:13 Source

The EU is having a full-blown existential crisis. Someone has really screwed up its economy, and the culprit is conspicuously absent from a new report outlining the carnage. Are there no mirrors in Brussels?

 

Has the EU suddenly realized how much it has screwed itself over?Mario Draghi’s ‘competitiveness report’ says the bloc’s economic situation is dire… but shies away from pointing out the culprit

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The Australian Independent Media Network Sunday, September 22, 2024 - 17:35 Source

By James Moore   Little Johnny was off to school with his backpack and baseball glove. Teachers said classmates could play catch during recess. They noticed something about him, however, that he was not as aggressive as other boys and was overly thoughtful and concerned about his fellow students, and there was just something about the…

The post Little Johnny’s Sex Change appeared first on The AIM Network.

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Renew Economy Sunday, September 22, 2024 - 15:25 Source
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The Australian Independent Media Network Sunday, September 22, 2024 - 13:04 Source

The sticky slime streaming forth from the memory of the late Mohamed Al–Fayed, who died in August last year at the age of 94, has been unrelenting. That the billionaire was an ogre of some proportion and influence during his time as the owner of Harrods in London was no secret. His ego was so…

The post Predatory Instincts: The Phoney Pharaoh of Harrods appeared first on The AIM Network.

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Your Democracy Sunday, September 22, 2024 - 08:01 Source

In the Intellectual Self-Defense Manual (special edition of Le Monde Diplomatique), the media philosopher MICHEL ONFRAY gets his ears rubbed by Benoît Bréville, director of Le Diplo.

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Your Democracy Sunday, September 22, 2024 - 06:52 Source

The International Brotherhood of Teamsters announced Wednesday that it will not endorse any candidate for president, amid polling which shows that its membership favors former President Donald Trump.

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Your Democracy Sunday, September 22, 2024 - 05:55 Source

The Biden White House and the Democratic Party machine trying to advance Kamala Harris from No. 2 in the regime to No. 1 gets more interesting by the week, I have to say. 

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Your Democracy Sunday, September 22, 2024 - 05:44 Source

On March 7, 2022, two weeks after Moscow entered the civil war in Ukraine, U.S. Secretary of State Antony Blinken told CBS News from Moldova that the U.S. would give NATO-member Poland a “green light” to send Mig-29 fighter jets to Ukraine to enforce a no-fly zone against Russian aircraft. 

 

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The Australian Independent Media Network Saturday, September 21, 2024 - 17:40 Source

By Denis Hay Transforming Australia’s Democracy: From Representation to True People’s Power. Description Discover how Australia’s democracy can evolve from representation to a true people-powered system, using its monetary sovereignty. Introduction Australia’s current political system is termed a “representative democracy,” where citizens elect members of parliament to make decisions on their behalf. While this structure…

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Your Democracy Saturday, September 21, 2024 - 17:07 Source

Sergei Kirienko, a former prime minister of Russia and currently the Number-2 man in charge of President Vladimir Putin’s staff, believes Russia can win the information war against the US and its allies.

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The Australian Independent Media Network Saturday, September 21, 2024 - 16:35 Source

By Bruce Wolpe In this epochal year in America of political upheaval, the only thing we should not be shocked about is that there are huge shocks to the country. There will be more. Americans and everyone invested in that country’s future need to steel themselves for the events that will unfold. Many acute observers…

The post Trump assassination attempt: US haunted by 1968’s ghosts, but there will be more appeared first on The AIM Network.

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The Australian Independent Media Network Saturday, September 21, 2024 - 13:26 Source

On June 14 2017, a social housing tower building in London known as Grenfell Tower caught fire. 72 people were killed as a result of the fire which burned for 60 hours. Subsequent to the investigation that determined how the fire occurred, a follow up enquiry was convened by the UK Government to ascertain the…

The post Are the conservatives really ‘tough on crime’ appeared first on The AIM Network.

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Your Democracy Saturday, September 21, 2024 - 12:51 Source

The weapons stockpile shortages will likely force Washington to delay the shipments of promised military aid to Ukraine, CNN reported on Friday, citing two US officials familiar with the matter.

The report comes as Kiev has been asking foreign backers to speed up the delivery of arms and to lift the remaining restrictions on the use of longer-range missiles for strikes deep into Russia territory.

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