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Your Democracy Monday, July 22, 2024 - 07:29 Source
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MacroBusiness Monday, July 22, 2024 - 07:00 Source

The Stage 3 tax cuts have failed to brighten the mood of consumers, who remain locked in recession. Last week’s ANZ-Roy Morgan consumer confidence survey recorded the second weakest result since early December 2023: Net sentiment regarding the Australian economy in the longer term has collapsed to its lowest level so far this year: On Friday,

The post Tax cuts fail to pull Australians out of recession appeared first on MacroBusiness.

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Your Democracy Monday, July 22, 2024 - 06:34 Source

 

US President Joe Biden has ended his bid for re-election, opening the way for another Democratic candidate to take on Republican Donald Trump in November’s election.

On Sunday afternoon (US time) Mr Biden declared it was in the “best interest” of the Democratic Party and the country for him to drop out of the 2024 US presidential race. He also endorsed Vice President Kamala Harris to replace him on the ballot.

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Your Democracy Monday, July 22, 2024 - 06:21 Source

The most powerful companies in the world have united against free speech, and they’ve deployed your tax dollars to fund their mission.

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Your Democracy Monday, July 22, 2024 - 06:11 Source

Shell Canada Drops 2050 Climate Goal from WebsiteShell is the latest oil giant to delete claims after an anti-greenwashing law passed in Parliament.

Shell Canada has deleted a “net-zero” goal by 2050 from its website.

The description of Shell’s Quest carbon capture and storage (CCS) project was edited in recent weeks, and no longer includes the heading “Achieving Net Zero by 2050.”

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MacroBusiness Monday, July 22, 2024 - 06:04 Source

The news this morning is that POTUS Joe Biden will serve out his term but will NOT contest the Democratic nomination for the November election. He has endorsed his deputy, Kamala Harris, who will likely now take the ticket. Harris’ polling versus Trump is not especially good though being leader can change perceptions. Her running

The post Biden goes, endorses Harris appeared first on MacroBusiness.

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Your Democracy Monday, July 22, 2024 - 05:45 Source

List of 64 U.S. Coups During 1947-1989

This is the list of U.S. coups during the Cold War that’s presented in the highly regarded 2018 academic book COVERT REGIME CHANGE, by Lindsey O’Rourke.

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MacroBusiness Monday, July 22, 2024 - 00:05 Source

Last year, Australian households experienced one of the world’s biggest decreases in real per capita household disposable income. Australians have also had one of the steepest reductions in real per capita since the beginning of the pandemic: According to the Australian Bureau of Statistics’ (ABS) March quarter national accounts, annual real per capita household disposable

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Renew Economy Sunday, July 21, 2024 - 22:02 Source
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Renew Economy Sunday, July 21, 2024 - 20:04 Source
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The Australian Independent Media Network Sunday, July 21, 2024 - 19:24 Source

By James Moore   Humiliation has long been a strong deterrent to failure in America. Our culture’s tendency is to blame the person, not the country or its capitalism. If you are in the ditch, you got there because you did not work sufficiently hard or smart, and you should not expect too much help climbing…

The post Hillbilly Hypocrite appeared first on The AIM Network.

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THE BLOT REPORT Sunday, July 21, 2024 - 14:47 Source
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Renew Economy Sunday, July 21, 2024 - 13:47 Source
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John Quiggin Sunday, July 21, 2024 - 12:24 Source
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The Australian Independent Media Network Sunday, July 21, 2024 - 12:22 Source

There’s a bit in the film “Casablanca” where the local police chief, Louis, is ordered to shut down Rick’s Cafe by the Nazis which goes like this: Rick: How can you close me up? On what grounds? Louis: I’m shocked! Shocked to find out that gambling is going on in here.  Employee (approaching, to Louis):…

The post Labor Must Have Known About The CFMEU! appeared first on The AIM Network.

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Renew Economy Sunday, July 21, 2024 - 11:03 Source
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MacroBusiness Sunday, July 21, 2024 - 10:12 Source

DXY was up Friday night: AUD was down again: With North Asia this time: The specs are still marginally long: All commodities were smashed: Miners are in trouble: EM stocks are retesting the break out: Junk is fine: The curve flattened: Stocks sold again: These moves suggest the Trump trade is being priced with the

The post Australian dollar free falls towards 2025 appeared first on MacroBusiness.

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MacroBusiness Sunday, July 21, 2024 - 09:34 Source

This is what you get if your only goal in government is to meet the needs of corporations embedded in the energy and immigration economies. BofA: For a typical inflation targeting central bank, the reaction function is usually represented by a Taylor rule. This means that, in addition to the distance between observed inflation and

The post Australian stagflation worst in the world appeared first on MacroBusiness.

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Renew Economy Sunday, July 21, 2024 - 08:23 Source
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Your Democracy Sunday, July 21, 2024 - 07:44 Source

CrowdStrike outage: Airlines start to resume services

Thousands of companies were dealing with huge backlogs of customers after one of the biggest technology crashes in recent years. Flights and doctor visits were canceled, and banks and TV channels went offline.

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Your Democracy Sunday, July 21, 2024 - 06:52 Source

In Asian media this week: India’s message of foreign policy independence. Plus Green-tech overcapacity claims ‘absurd’; How West could help the Rest fight climate change; Asia-Pacific NATO would add to flash points; Party dismisses disgraced leaders; Newspaper scores press freedom own goal.

A striking image from Narendra Modi’s recent visit to Russia was of the Indian Prime hugging Russian President Vladimir Putin.

 

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Your Democracy Sunday, July 21, 2024 - 06:00 Source

Top NATO general claims Ukraine has ‘great’ war strategyMeanwhile, Russia’s advances on the frontlines and Vladimir Zelensky’s non-stop pleas for more military aid paint a different picture

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Your Democracy Sunday, July 21, 2024 - 05:37 Source
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The Australian Independent Media Network Saturday, July 20, 2024 - 18:31 Source

Bring out the bon bons, the bubbles, and the praise filled memoranda for that old alliance. At the three-quarter century mark of its existence, the North Atlantic Treaty Organisation is showing itself to be a greater nuisance than ever, gossiping, meddling, and dreaming of greater acts of mischief under the umbrella of manufactured insecurity. It…

The post NATO: 75 and Still Threatening appeared first on The AIM Network.

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Your Democracy Saturday, July 20, 2024 - 13:17 Source

Joy Reid blasted brutally for calling Trump assassination attempt ‘photo op’, likening it with Biden’s Covid diagnosis

MSNBC host Joy Reid targeted Donald Trump following his recent assassination attempt, implying that the former US President is partly to blame for it.

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The Australian Independent Media Network Saturday, July 20, 2024 - 13:08 Source

ActionAid Media Release ActionAid welcomes the historic judgment of the court, which has declared that the Israeli Government’s continued occupation of the Palestinian territory is unlawful. The ICJ concluded that Israel’s treatment of Palestinians in the occupied territory constitutes systematic discrimination, and that its legislation and measures in the West Bank and East Jerusalem breach…

The post ActionAid welcomes the historic judgment of the ICJ appeared first on The AIM Network.

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Your Democracy Saturday, July 20, 2024 - 10:17 Source

On Thursday, a Yemeni drone struck a building in the Israeli capital of Tel Aviv, killing at least one, according to Israeli officials. The Ansar Allah (Houthi) forces said its drone bypassed Israeli air defenses and declared Tel Aviv as an unsafe zone and a primary target for their weapons.

Israel blamed the attack on human error and claimed its defenses were not breached.

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Your Democracy Saturday, July 20, 2024 - 09:29 Source

How RNZ, ABC and other Western media failed to challenge Israeli war narrative.

This article was first published in the peer-reviewed research journal, the Pacific Journalism Review

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Your Democracy Saturday, July 20, 2024 - 09:06 Source

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Your Democracy Saturday, July 20, 2024 - 09:00 Source

Russia unaffected by global IT meltdown – ministry

A massive Windows 10 outage linked to the CrowdStrike antivirus platform has hit air traffic control systems, banks, and broadcasters

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