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MacroBusiness
Monday, October 7, 2024 - 12:00
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Australians are experiencing the longest per capita recession on record, with six straight quarterly declines and seven declines over the previous eight quarters. The OECD’s latest economic outlook reduced Australia’s GDP growth prediction for 2024 to 1.1%, down from 1.5% in the previous edition in May. The OECD also predicted Australia’s GDP would expand by The post Australia’s record-breaking recession to roll on appeared first on MacroBusiness. |
Cheeseburger Gothic
Monday, October 7, 2024 - 11:57
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We had a weekend away up on the north coast, staying just outside of Noosa, which was full of Victorians on holiday. There’s a cafe at Peregian Beach, a place called Fatima’s Hand, and every day they do a new muffin. One sweet, one savoury. Of course, I have the sweet muffin. This bad boy was pear, white chocolate and blueberry. There may have been a bite taken before I remembered to take a pic. I’m not sure how that happened. |
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Renew Economy
Monday, October 7, 2024 - 11:55
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MacroBusiness
Monday, October 7, 2024 - 11:30
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This is why you need to pay attention to sponsorships like that of gas cartelier Origin Energy of The Grattan Institute. Last year, Grattan unveiled the worst piece of gas cartel propaganda seen in a decade (since its previous worst), when it declared that climate change mitigation depended upon getting households off gas: Australia needs The post Turn off the Grattan gas cartel, not cooktops appeared first on MacroBusiness. |
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MacroBusiness
Monday, October 7, 2024 - 11:00
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Not very, in my view. But Goldman offers some scenarios. Brent crude oil prices have risen 10% to $78/bbl since Tuesday as the market reassesses the risk of disruptions to oil production in the Middle East following Tuesday’s strikes on Israel. Under our assumption of no major supply disruption, we continue to expect Brent to The post How real is the Iran oil threat? appeared first on MacroBusiness. |
xkcd.com
Monday, October 7, 2024 - 11:00
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MacroBusiness
Monday, October 7, 2024 - 10:30
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The Market Ear with an outlook I basically agree with based on the unfolding US productivity boom. There is always a (bad) reason to sell But but but timing the market is our job… Koyfin DOW 60.000 The Dow Jones Industrial Average is on course to hit 60,000 by the end of the decade. Yardeni The post Stay long the roaring twenties appeared first on MacroBusiness. |
MacroBusiness
Monday, October 7, 2024 - 10:00
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On Friday, the Australian Bureau of Statistics (ABS) released housing finance data for August, which reported that investor demand continues to rise. The volume of investor mortgages originated has almost risen back to the pre-monetary tightening peak after growing by 34% year-on-year: At the same time, the growth in first-home buyer mortgages has stalled in |
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The Australian Independent Media Network
Monday, October 7, 2024 - 09:56
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Oxfam Australia Media Release The Lebanese authorities, communities and humanitarian agencies are struggling to shelter and provide the necessities of life to over one million people fleeing Israel’s airstrikes and invasion to the south, Oxfam said today. Oxfam is working with local partners in Lebanon and alongside other aid agencies as part of the government’s… |
Renew Economy
Monday, October 7, 2024 - 09:45
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MacroBusiness
Monday, October 7, 2024 - 09:30
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A sober report from Barclays with excellent detail. Symmetric interest rate cut and mortgage rates cut To protect banks’ NIM, PBoC governor Pan said lending and deposit rates will be cut symmetrically by 20-25bp. We estimate a cut of such magnitude would benefit corporates and free some capacity for new investment, while given the high The post Assessing Chinese “bazookas” appeared first on MacroBusiness. |
Your Democracy
Monday, October 7, 2024 - 08:51
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AS THE MOST UNIMPORTANT PRESIDENTIAL ELECTION SINCE HENRY THE VIII IS BEING FOUGHT BETWEEN TWO CHEEKS OF AN AMERICAN BUTT — AN ELECTION THE RESULT OF WHICH MAY NOT CHANGE THE AMERICAN DEEP STATE GOAL TO DESTROY ANYTHING THAT DOES NOT COMPLY TO ITS AIM OF OWNING THE PLANET, THE PRICE OF OIL IS MORE IMPORTANT THAN HUMAN LIVES… |
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MacroBusiness
Monday, October 7, 2024 - 08:00
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Last week, the Australian Bureau of Statistics (ABS) released dwelling approval data, which revealed that only 166,200 dwellings were approved in the year to August, which is 73,800 (31%) below the 240,000 annual run rate required to meet Labor’s 1.2 million housing target. On Friday, the ABS also released data on the number of loans The post More supply is housing affordability fools gold appeared first on MacroBusiness. |
Your Democracy
Monday, October 7, 2024 - 07:28
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October 7 did not occur in a vacuum. It was the result of decades long Israeli occupation, never ending violence and oppression of Palestinians. The pressure cooker exploded!
The context for October 7 is wilfully and deliberately ignored By John Menadue
A slightly updated post from December 19, 2023 |
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Renew Economy
Monday, October 7, 2024 - 07:28
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MacroBusiness
Monday, October 7, 2024 - 07:00
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Freelancer CEO Matt Barrie was interviewed by the Equity Mates podcast, where he argued that “Australia has all the resources and potential to be the wealthiest country in the world”. However, policymakers have instead delivered a “cost of living crisis instead”. Here are some of the interview’s key highlights, followed by my own additions. Edited The post Australia should be the richest nation on earth appeared first on MacroBusiness. |
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Your Democracy
Monday, October 7, 2024 - 05:50
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Your Democracy
Monday, October 7, 2024 - 05:05
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Control over and the effective use of the online space has proven crucial over the past two US election cycles, with a groundswell of pro-Trump memes helping propel the candidate to victory in 2016, and unprecedented censorship of a damaging story about Hunter Biden by tech companies aiding Joe Biden in his quest for the White House in 2020. |
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MacroBusiness
Monday, October 7, 2024 - 00:10
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For years, MacroBusiness has argued that Australia’s productivity has been stifled through “capital shallowing”, which occurs when infrastructure and business investment fail to keep pace with population growth. The result is less capital per worker, rising congestion costs, lower productivity growth, and lower per capita GDP growth. The following chart shows Australia’s long-run trend per |
The Australian Independent Media Network
Sunday, October 6, 2024 - 20:07
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By James Moore “Tell the truth. Sing with passion. Work with laughter. Love with heart. ‘Cause that’s all that matters in the end.” – Kris Kristofferson. The only time I ever spoke to him in person I thought that his voice had the sound of rocks tumbling down a talus slide in a western mountain… The post The Pilgrim, Chapter 34 appeared first on The AIM Network. |
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Your Democracy
Sunday, October 6, 2024 - 16:09
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https://www.youtube.com/watch?v=V79Q8jS9_ug I'M ANGRY: Macgregor Speaks Out
https://www.youtube.com/@OurCountryOurChoice
SEE ALSO: America LAST: Billions To Ukraine And Israel While Hurricane Survivors Get $750! |
iran’s retaliation to be followed by israhell's retaliation to be followed by iran's retaliation....
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MacroBusiness
Sunday, October 6, 2024 - 12:02
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Australia’s auction market has stalled, indicating that both Melbourne and Sydney could soon experience falling prices. Last weekend’s final national auction clearance rate of 60.6% was the lowest of 2024, following six consecutive weekly declines. It was also well below the 64.4% final auction clearance rate recorded in the same weekend last year. Melbourne’s final The post “Buyer’s market” spells falling house prices appeared first on MacroBusiness. |
The Australian Independent Media Network
Sunday, October 6, 2024 - 11:43
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It was a spectacular example of a non-event, alloyed by pure symbolism and cynicism. Here was a British government offering – how generous of them – to return sovereignty over the Chagos Islands, whose residents had been brutally displaced between 1965 to 1973, to Mauritius. In an October 3 joint statement between London and Port… The post Raw Deals: The Continued Shafting of the Chagossians appeared first on The AIM Network. |
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The Australian Independent Media Network
Sunday, October 6, 2024 - 10:48
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By Maria Millers To sin by silence, when we should protest, Makes cowards out of men. The human race Has climbed on protest. Had no voice been raised Against injustice, ignorance, and lust, The inquisition yet would serve the law, And guillotines decide our least disputes. The few who dare, must speak and speak again… The post Multiculturalism, flags and protests appeared first on The AIM Network. |
Your Democracy
Sunday, October 6, 2024 - 08:12
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Australia has always been aligned with military empires: first the British Empire and now that of the USA. In the current era this alignment is misguided. It comes with enormous social and economic costs and does not protect us from current threats – indeed it makes us more of a target. There are alternatives, and we can work together towards them.
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Your Democracy
Sunday, October 6, 2024 - 07:13
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Americans grow up in a political culture in which many of them continue to believe into adulthood certain assumptions about America’s place in the world. Chief among these is that U.S. motives abroad are to spread and defend democracy rather than to impose its economic and geostrategic interests, often through extreme violence. |
Your Democracy
Sunday, October 6, 2024 - 05:42
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Your Democracy
Sunday, October 6, 2024 - 05:12
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Your Democracy
Sunday, October 6, 2024 - 05:05
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A probe by India’s Income Tax Department into five major nongovernmental organizations (NGOs) operating in the country has reportedly unearthed evidence that they used foreign funding for activities aimed at stalling economic and development projects.
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