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MacroBusiness
Wednesday, September 18, 2024 - 07:00
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In 2006, Australia and the Paris-based Financial Action Taskforce (FATF) agreed to introduce “Tranche 2” anti-money laundering (AML) legislation targeting non-financial assets (particularly property). Ever since, vested interests in the real estate, legal, and accounting professions opposed this AML legislation, resulting in the continuous postponement of its implementation. Stakeholder discussions in 2008, 2010, 2012, 2014, |
Your Democracy
Wednesday, September 18, 2024 - 04:08
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Larry C. Johnson: Ukraine's Offensive Failing? Russia Makes Major Gains! - Israel in Grave Troubles https://www.youtube.com/watch?v=hYaKGnVFXT8
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Your Democracy
Wednesday, September 18, 2024 - 03:02
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The ABC's director of news has warned that media needs to be "at the top of its collective game" to prevent a flood of misinformation, as he railed against media infighting that could erode "public perception of all news". Speaking at the Melbourne Press Club, Justin Stevens said there was a "crisis of trust in media" across Australia and the world. |
Your Democracy
Wednesday, September 18, 2024 - 02:26
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US Big Tech cannot stop RT from making its voice heard, the Russian news outlet proclaimed on Tuesday, following Meta’s decision to ban the network from its platforms. On Monday, the company behind Facebook and Instagram announced that it would remove several news brands, including RT, from its applications over the coming days. It cited alleged “foreign interference activity” to justify the move, aligning with accusations made last week by the US government. |
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MacroBusiness
Wednesday, September 18, 2024 - 00:10
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IFM Investors chief economist Alex Joiner posted the following chart on Twitter (X) showing the explosion in residential construction costs as captured by the ABS Producer Price Index (PPI): Joiner also provided the below breakdown in costs by sub-component: A report published this week by The Australian noted the cost escalation across Australia’s states. Queensland The post The end of affordable housing appeared first on MacroBusiness. |
The Australian Independent Media Network
Tuesday, September 17, 2024 - 19:31
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Oodgeroo a Seat to Watch for the Next 4–8 years By Callen Sorensen Karklis Almost a year ago I wrote an article about how bayside state areas like Oodgeroo and the federal seat of Bowman, which covers the Redlands City area and could flip towards 3rd options like the Teals or Greens. A lot can… The post Bayside SEQ Seats to Watch in 2024 QLD State Election appeared first on The AIM Network. |
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The Australian Independent Media Network
Tuesday, September 17, 2024 - 18:37
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As I write this, there is a Senate debate on one of the government’s housing schemes, of which there are several, all designed to increase the supply of housing at affordable levels across the country. This one is known as the ‘Help to Buy’ scheme designed to help those who want to enter the housing… The post It seems the Coalition really want a Double Dissolution over home ownership intransigence ! appeared first on The AIM Network. |
MacroBusiness
Tuesday, September 17, 2024 - 17:00
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Asian share markets remain in a somewhat positive mood today although Chinese stocks remain closed while Japanese bourses fell as Yen volatility continues to weigh. Local stocks continue to float slightly higher despite the equally rising Australian dollar which is now pushing well above the 67 cent level to exceed its previous weekly high. Oil The post Macro Afternoon appeared first on MacroBusiness. |
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The Australian Independent Media Network
Tuesday, September 17, 2024 - 16:27
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Like eager lice on a ripe scalp, tourists have become a much-reviled feature of various economies. While cash and contributions come in their wake, such an industry depletes, drains and pollutes the very site it idealises. International tourism does its bit to bloat global greenhouse gas emissions, with transportation constituting the lion’s share. All this… The post Beyond Irritation: Bali’s Tourism Scourge appeared first on The AIM Network. |
Renew Economy
Tuesday, September 17, 2024 - 16:00
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Renew Economy
Tuesday, September 17, 2024 - 15:25
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Renew Economy
Tuesday, September 17, 2024 - 15:03
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MacroBusiness
Tuesday, September 17, 2024 - 14:00
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The Reserve Bank of New Zealand cut the official cash rate (OCR) by 0.25% last month to 5.25%. It also forecasts a series of rate cuts over the next 18 months: The latest batch of data on the New Zealand economy suggests that the deep per capita recession shows no signs of abating, as illustrated The post Worsening recession means deeper Reserve Bank rate cuts appeared first on MacroBusiness. |
MacroBusiness
Tuesday, September 17, 2024 - 13:30
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According to John Kehoe at The AFR, Business Council of Australia (BCA) CEO Bran Black will use a speech at its annual dinner on Tuesday to claim that all sides of politics are failing to address the issue of ‘runaway’ government spending. Black will say that young Australians are becoming concerned that they will never The post Never trust the Business Council of Australia appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, September 17, 2024 - 13:22
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Two of the best-performing stocks in our portfolio over the last year or so have been Eli Lilly and Novo Nordisk, due to their successful obesity drug rollouts. The question is whether there is more growth to come or if the share prices have run too far. Both have taken 1st-generation drugs that had daily The post Morningstar’s bear take on obesity drug manufacturers appeared first on MacroBusiness. |
Renew Economy
Tuesday, September 17, 2024 - 13:15
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MacroBusiness
Tuesday, September 17, 2024 - 13:00
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Albo’ social media ban is attracting global criticism. As it should. The guy has the intellectual depth of a gnat and policy process to match: The government doesn’t identify what social media platforms the youth ban would apply to (Can children message their parents on WhatsApp? Or watch Khan Academy’s Algebra tutorials on YouTube?). It The post Albo’s war on children explodes appeared first on MacroBusiness. |
MacroBusiness
Tuesday, September 17, 2024 - 12:30
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HSBC chief economist Paul Bloxham has warned that Australia’s productivity decline since the pandemic has been the steepest in the world and that the nation risks stagflation and higher interest rates if the situation is not reversed: Unfortunately, Australia has had the worst productivity performance of any comparable developed economy in the post-pandemic period. The |
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MacroBusiness
Tuesday, September 17, 2024 - 12:00
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Gareth Evans is the tip of the spear in Labor’s AUKUS rebellion: …Our critique – much of which has either been misrepresented or ignored in these responses – has five basic elements. One, there is zero certainty of the timely delivery of the eight AUKUS boats. Both the US and UK have explicit opt-out rights. The post Labor greybeards white ant AUKUS for Beijing appeared first on MacroBusiness. |
MacroBusiness
Tuesday, September 17, 2024 - 11:30
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The only chart that matters in the endless housing debate is the following: As house prices rise, the media’s hypocrisy rises with it. The media, and especially Nine, employer of Ross Gittins, has a vested interest in house prices via its ownership of Domain. That is why there is no concerted pressure placed upon any The post Unending housing crisis is thanks to Ross Gittins appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, September 17, 2024 - 11:00
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A few more charts on Chinese credit. Total social financing is fading with some support from grovernment: Households are capitulating: Banks whoa! Monetary aggregates into the pit: Credit impulse a bust: And still no stimulus is coming, at least until post-US election and probably not even then unless Trump wins. The post China gets its deleveraging appeared first on MacroBusiness. |
MacroBusiness
Tuesday, September 17, 2024 - 10:30
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The National Disability Insurance Scheme (NDIS) presently costs around $42 billion and has a higher annual operating cost than aged care ($36 billion), Medicare ($32 billion), federal hospital financing ($30 billion), and medicines ($20 billion). The NDIS is also growing at a rate of almost 20% per year and has become one of the federal The post NDIS monster must be tamed appeared first on MacroBusiness. |
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The Tally Room
Tuesday, September 17, 2024 - 10:15
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This blog post will be used to track the close counts for the 26 big partisan councils. I’m going to be busy this week packing for a house move so won’t be doing big updates in one go, but I’ll update a council at a time when I get a chance. If there is no time mentioned, assume the analysis is as of first thing Tuesday morning, September 17. There are 102 contests being tracked. 51 of those contests have an undecided seat, for a total of 62 undecided seats. |
Your Democracy
Tuesday, September 17, 2024 - 10:05
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BUT FIRST: The BRICS summit in Kazan is only a few weeks away. Should we expect the expansion of the alliance? What criteria should partner countries meet? How is the ‘Collective West’ reacting to BRICS strengthening of its position on the world stage? This was covered in an exclusive interview by Deputy Minister of Foreign Affairs of the Russian Federation, Russian Sherpa for BRICS Sergey Alekseevich RYABKOV to New Eastern Outlook.
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MacroBusiness
Tuesday, September 17, 2024 - 10:00
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The Market Ear on the Fed and equities. Pre Fed pricing 25 or 50? Next 12 hours are crucial in terms of press watching and will probably cement final pricing, writes DB. Must read all you need to know note here. DB The big bid… …is taking a pause. Friday 9/13 marked the first day The post Sell the first cut appeared first on MacroBusiness. |
xkcd.com
Tuesday, September 17, 2024 - 10:00
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MacroBusiness
Tuesday, September 17, 2024 - 09:30
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China is closed but SGX open. Iron ore firmed yesterday: But, overnight, Goldman rained on the parade: Despite the iron ore price falling by ~20% since July, global supply has remained robust, with total daily iron shipments currently running 2% higher than this time last year, and a similar picture for arrivals into China. While The post Goldman smashes iron ore lower appeared first on MacroBusiness. |
MacroBusiness
Tuesday, September 17, 2024 - 09:00
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While the Dow Jones closed at a new record high, Wall Street was more broadly mixed as tech stocks pulled back from their Friday night advances while European stocks also retreated slightly. Risk markets are getting anxious about the slew of central bank meetings this week, with the BOJ going first and then the Fed The post Macro Morning appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, September 17, 2024 - 08:00
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Last week, the NSW Productivity Equality Commission released its final report on housing supply challenges and policy options, which touted higher towers, smaller homes, and fewer car spaces as the solution to the state’s housing crisis: As reported by The ABC: “Higher-density zones around train stations would double in size… The NSW productivity commissioner is The post Australians reject high-rise tower future appeared first on MacroBusiness. |
Cheeseburger Gothic
Tuesday, September 17, 2024 - 07:45
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I had no idea that the kebab, as we know it, is an Australian invention, or rather, an invention of the Turks who moved to Australia. But the Graun set me straight. Apparently, it arrived here in the early 1980s, which was a surprise. I thought those twirling inverted pyramids of brown mystery meat had always been here. But no.
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