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The Australian Independent Media Network Wednesday, November 27, 2024 - 19:09 Source

Emergency Leaders for Climate Action Media Release NUCLEAR REACTORS WOULD introduce significant and unnecessary risk to Australian communities and emergency responders, including firefighters already stretched by escalating climate fuelled disasters, warns Emergency Leaders for Climate Action (ELCA) in a submission to the parliamentary inquiry into nuclear power generation in Australia. Greg Mullins, speaking on behalf…

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The Australian Independent Media Network Wednesday, November 27, 2024 - 19:00 Source

Israel is in the late stages of ethnic cleansing of the North Gaza governorate, Oxfam says. For fifty days, Israel has prevented Oxfam, its partners, and other humanitarian agencies from delivering life-saving aid to thousands of starving people in north Gaza. Amitabh Behar, Oxfam Executive Director, said: “Our staff in Gaza have been desperately trying…

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The Australian Independent Media Network Wednesday, November 27, 2024 - 18:50 Source

Be careful who you condemn and ostracise. They just might be supplying you with a special need. While the United States security establishment deems Russia the devil incarnate helped along by aspiring, mischief–making China, that devil continues supplying the US energy market with enriched uranium. This dependency has irked the self-sufficiency patriots in Washington, especially…

The post Ironic Dependency: Russian Uranium and the US Energy Market appeared first on The AIM Network.

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Renew Economy Wednesday, November 27, 2024 - 18:26 Source

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Your Democracy Wednesday, November 27, 2024 - 18:05 Source

The UN on Tuesday reported that Israel either denied or impeded all life-saving assistance attempts in the northern Gaza Strip in November.

"Our colleagues in the Office of the Coordination of Humanitarian Affairs report that none of the UN's 41 attempts to reach Palestinians in besieged areas of North Gaza with life-saving assistance this month has been facilitated by Israeli authorities," deputy spokesman Farhan Haq said at a news conference.

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Renew Economy Wednesday, November 27, 2024 - 17:37 Source
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MacroBusiness Wednesday, November 27, 2024 - 17:30 Source

Asian stock markets are having another mixed session today with more volatility looking through upcoming US trade policy but also getting ready for some key upcoming events on the economic calendar. Chinese stocks rebounded while the USD continues to weaken appreciably against Yen in the wake of the tariff news. The Australian dollar however remains

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, November 27, 2024 - 17:20 Source
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Your Democracy Wednesday, November 27, 2024 - 17:18 Source

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Your Democracy Wednesday, November 27, 2024 - 15:39 Source

Protectionist tariffs are associated with a long history of economic and social calamities in America. An important reason for this is that protectionist tariffs are a political tool of plunder and theft, and people don’t generally take kindly to being plundered and robbed. 

 

Our History of Protectionist Tariff Train Wrecks

BY Thomas J. DiLorenzo

 

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Renew Economy Wednesday, November 27, 2024 - 14:16 Source
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MacroBusiness Wednesday, November 27, 2024 - 13:30 Source

The fake left Guardian is once again snatching the pearls at its own catastrophic housing failure. New private residential construction is at its lowest level for almost four decades but spending on renovations has boomed, according to a new analysis. The report by KPMG found that new private residential construction spending per capita is at

The post Fake left wails at own housing failure appeared first on MacroBusiness.

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Renew Economy Wednesday, November 27, 2024 - 13:27 Source
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MacroBusiness Wednesday, November 27, 2024 - 13:00 Source

Newly elected Melbourne Lord Mayor and vocal mass immigration supporter, Nick Reece, believes that he has the solution to Melbourne’s rental crisis and declining economy: more migrants and international students! Reece is actively canvassing for Chinese and Indian businesses to open their head offices in Melbourne, citing the city’s high Indian and Chinese diasporas, alongside

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MacroBusiness Wednesday, November 27, 2024 - 12:30 Source

The Market Ear on the overheating. The very long long Not a typo…non dealers US equity futures long needs a bigger chart. GS Calls mania 64% of the tape yesterday was calls – the highest in the last 1 year. GS Getting hot in there BofA’s sell side indicator is approaching the contrarian sell signal.

The post Stocks overheat appeared first on MacroBusiness.

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Renew Economy Wednesday, November 27, 2024 - 12:25 Source
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The Australian Independent Media Network Wednesday, November 27, 2024 - 12:20 Source

By Noel Wauchope Comparisons are odious, particularly between Donald Trump and Adolf Hitler. I must be plain from the start, that these individuals have had completely different aims and ideology. The comparisons I’m making here are just about methods of gaining absolute power. And here, I think, there are parallels. And we can learn, from…

The post Donald Trump’s quick trip to absolute dictatorship appeared first on The AIM Network.

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MacroBusiness Wednesday, November 27, 2024 - 12:16 Source

The Reserve Bank of New Zealand has cut the official cash rate by 0.5% at today’s monetary policy meeting. It was the Reserve Bank’s third consecutive rate cut, bringing the official cash rate to 4.25%, down from a peak of 5.50%. The Monetary Policy Statement (MPS) noted that “annual consumer price inflation has declined and

The post Reserve Bank cuts rates by 0.5% appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 27, 2024 - 12:00 Source

Former senator Margaret Reynolds has a good take on the lame-duck Rudd appointment. Despite Kevin Rudd’s assurances last week that his team is “ready” to work with Donald Trump’s incoming administration, his precarious ambassador position in Washington demonstrates the risks of political appointments. Rudd was undoubtedly well qualified for the ambassadorship under the previous Biden

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Your Democracy Wednesday, November 27, 2024 - 11:54 Source

Explosion of bankruptcies in France: post-Covid rebound effect or lasting crisis?In France, the number of business failures has broken a new annual record in recent weeks, now exceeding 66,000. A historic increase that is worrying, even as the government plans to implement a drastic savings plan to reduce the State's abysmal debt.

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MacroBusiness Wednesday, November 27, 2024 - 11:53 Source

From the ABS. Markets expected 2.3% but got 2.1%. The monthly CPI indicator rose 2.1% in the 12 months to October. The most significant price rises at the Group level were Food and non-alcoholic beverages (+3.3%), Recreation and culture (+4.3%), and Alcohol and tobacco (+6.0%). Partly offsetting the annual increases in other Groups was Transport (-2.8%). 

The post Inflation undershoots again appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 27, 2024 - 11:30 Source

Independent Senator David Pocock has called for a Senate inquiry into immigration and population “so we can have a deep, considered conversation about it. We currently don’t have a plan”. I’m proposing a Senate inquiry into migration and population so we can have a deep, considered conversation about it. We currently don’t have a plan.

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MacroBusiness Wednesday, November 27, 2024 - 11:00 Source

This century saw an explosion of cafes around Australia. For example, when I relocated to the Melbourne suburb of Ashburton in 2006, there were only a few cafes along the High Street shopping strip. In the years preceding the pandemic, the number of cafes on or near the strip grew to more than a dozen.

The post Recession triggers cafepocalypse appeared first on MacroBusiness.

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xkcd.com Wednesday, November 27, 2024 - 11:00 Source

Our sysadmin accidentally won a Nobel Prize while trying to debug neutrino oscillation error correction.

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Renew Economy Wednesday, November 27, 2024 - 10:57 Source
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MacroBusiness Wednesday, November 27, 2024 - 10:30 Source

The EIA is worried, which means Australia should be terrified. One or more regions in the Northern Hemisphere may experience colder winter temperatures this year, as weather models point to a possible shift from El Niño to La Niña. Weather models indicate the likelihood of the formation of La Niña, which is generally associated with colder, drier weather in

The post Energy superidiot perma-winter intensifies appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 27, 2024 - 10:00 Source

The latest population estimates from the monthly ABS Labour Force survey show that the number of Australians aged 15-plus ballooned by 561,000 (2.5%) in the year to October. Australia’s civilian population has also increased by 1.2 million (5.6%) over the most recent two years. The surge in Australia’s 15-plus population has created an unprecedented rental

The post Australia’s rental crisis is far from over appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 27, 2024 - 09:30 Source

SHFE and SGX firmed. The Chinese property bounce continues to fade. The bounce is no different to previous rebounds. Agents’ sentiment is sliding. Search is pancaked. Inventory is slowly falling. Completions have lifted. Nothing good for iron ore in 2025 here.

The post Iron ore holds as Chinese property slides appeared first on MacroBusiness.

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Your Democracy Wednesday, November 27, 2024 - 09:20 Source

It has been clear since the terror attacks in New York and Washington on Sept. 11, 2001 — the date I choose to mark a great turn in the global order — that America’s abdication of its postwar hegemony was to rank high among the 21st century’s defining events. 

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MacroBusiness Wednesday, November 27, 2024 - 09:00 Source

Wall Street put in new record highs as the absence of bad news and good earnings results from some major companies saw broad rises across the complex, while European shares slid further back on increased military tensions on the continent. The USD remains somewhat strained following the weekend gap although Euro has given back a

The post Macro Morning appeared first on MacroBusiness.

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