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MacroBusiness
Tuesday, September 3, 2024 - 13:30
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ANU “demographer” Liz Allen is renowned for spreading propaganda in support of “Big Australia’ immigration. She is also renowned for complaining about poor housing affordability in Australia. On Sunday, Allen Tweeted “No, lowering immigration doesn’t make homes cheaper. COVID-19 border closures proved this”: Hilariously, Liz Allen’s claim is contradicted by the ANU’s Centre for Social |
MacroBusiness
Tuesday, September 3, 2024 - 13:00
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Westpac’s credit card tracker is firming a little. The Westpac Card Tracker Index* slipped back a little over the second half of August, declining 1pt to 136. Looking through the choppy path since the ‘Stage 3’ tax cuts came into effect at the start of July, card activity does look to have gained a little The post Tax cuts trigger a few holidays appeared first on MacroBusiness. |
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The Australian Independent Media Network
Tuesday, September 3, 2024 - 12:48
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Between September 11 and 13, the Melbourne Convention and Exhibition Centre (MCEC) will play host to a bazaar of networking and deal making as part of a show that really ought to be called The Merchants of Death Down Under. And the times for these merchants are positively bullish, given that total global military expenditure… The post Killing Bazaars: The Land Forces Expo Down Under appeared first on The AIM Network. |
MacroBusiness
Tuesday, September 3, 2024 - 12:30
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The Greens have called for the creation of a National Renters Protection Authority, with the Greens likening the proposed body to the Australian Competition and Consumer Commission. Costed by the independent Parliamentary Budget Office at $200 million a year, the Authority would be given the power to run inspections and investigations of real estate companies |
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Renew Economy
Tuesday, September 3, 2024 - 12:08
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MacroBusiness
Tuesday, September 3, 2024 - 12:00
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The wind blew and power was cheap for a day: Solar farm owners in south-eastern states are switching off their plants to protect their profits as extreme winds, abundant rooftop solar generation and low demand from customers enjoying the warm start to spring create an oversupply of power. However, tomorrow it will not blow and The post Gas cartel parties as LNG imports loom appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, September 3, 2024 - 11:30
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The Albanese government wants to combat disinformation with a new reporting register. A page on the ALP’s website has appeared encouraging party members and supporters to “report disinformation” via an online form to “fight lies and fake news”: The form requires users to enter their name, email address, complaint information, and the media platform involved. There |
MacroBusiness
Tuesday, September 3, 2024 - 11:00
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The Market Ear with the latest equity internals. Setting it up for action September trading will be interesting. The last few days of tighter range will not last. Refinitiv $17bn of daily demand “The two key technicals in recent weeks have been corporate stock buybacks and systematic re-leveraging. Alongside this, US households remain on the The post The bull runs wild! appeared first on MacroBusiness. |
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The Australian Independent Media Network
Tuesday, September 3, 2024 - 10:54
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Yep, apparently it’s all bad news for Labor with their leader, Anthony Albanese only leading the preferred PM stakes by a mere 45 to 37… Now, I know some of you will remember that I’ve always maintained a few simple rules about opinion polls: The preferred PM question is interesting but, in the end, means… The post Shock Poll: Albanese Nearly As Unpopular As… Peter Dutton! appeared first on The AIM Network. |
The Australian Independent Media Network
Tuesday, September 3, 2024 - 10:44
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RMIT University expert Dr Emmanuelle Walkowiak was among the academics who appeared at yesterday’s public hearing for the Inquiry into the Digital Transformation of Workplaces. The following is an abridged version of her submission. Generative AI has properties that are very different from other technologies and will transform our labour market in new ways. The… The post Considered policy needed to ensure GenAI works for all workers appeared first on The AIM Network. |
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MacroBusiness
Tuesday, September 3, 2024 - 10:30
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Former Labor federal MP Neil O’Keefe claims that Victoria cannot afford not to build the $200 billion Suburban Rail Loop (SRL), given the state’s population is projected to double: “The Suburban Rail Loop, though already ballooning in cost, speaks to the real issue our state is facing: if we are settled on the plan to The post Suburban Rail Loop highlights true cost of immigration appeared first on MacroBusiness. |
MacroBusiness
Tuesday, September 3, 2024 - 10:00
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SHFE and SGX folded together yesterday: Mad Dalian buckled: Coking coal too: The China steel PMI is heading into heavy contraction: Gone is the public glare of bearish forecasts, replaced by thoughts of the permanently high plateau: BHP Group Ltd., one of the world’s biggest producers, estimates around 170 million tons of global output sits The post Iron ore buckles again appeared first on MacroBusiness. |
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The Tally Room
Tuesday, September 3, 2024 - 09:30
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When I was compiling my candidate lists I was keeping track of what was happening with incumbent councillors. This has allowed me (at least for the councils I am closely following) to calculate the proportion of seats where the councillor is running for re-election. I have previously tracked this statistic in 2021, so I can compare the two data points. This map shows the figure for the 26 councils facing election that I have profiled. The map is zoomed in on the Sydney region but you can scroll all the way up to Tweed. |
MacroBusiness
Tuesday, September 3, 2024 - 09:30
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Goldman on the Caixin PMI. China’s Caixin manufacturing PMI rose to 50.4 in August from 49.8 in July. Among major sub-indexes, the new order sub-index increased to 50.3 from 49.2 and the output sub-index rose to 50.7 from 50.2. The employment sub-index edged up to 50.0 from 49.9. The suppliers’ delivery times sub-index fell to The post Dirt piles up around Chinese Titanic appeared first on MacroBusiness. |
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Your Democracy
Tuesday, September 3, 2024 - 09:16
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Former CIA Director Leon Panetta (2009-2011) was among the featured speakerson the final day of the Democratic National Convention (DNC) in Chicago on August 22 when Kamala Harris accepted the party’s nomination as its presidential candidate. |
MacroBusiness
Tuesday, September 3, 2024 - 09:00
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The trading week hasn’t yet got underway as US markets were closed for the long weekend holiday, with intrasession volatility across all the risk markets fairly flat as a result. European stocks lifted slightly, reflecting the modest moves here in Asia beforehand. Futures are looking optimistic however for a solid start when Wall Street reopens The post Macro Morning appeared first on MacroBusiness. |
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Your Democracy
Tuesday, September 3, 2024 - 08:44
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The Global Majority is fully aware that the genocidals in Tel Aviv are trying as hard as they can to provoke an apocalyptic war – with full US military support, of course. Contrast that combative mindset with 2,500 years of Persian diplomacy. Iran’s acting Foreign Minister, Ali Bagheri Kani, has recently remarked how Tehran is trying hard to prevent “the Israeli regime’s ‘dream’ of triggering an all-out regional war.”
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Renew Economy
Tuesday, September 3, 2024 - 08:26
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MacroBusiness
Tuesday, September 3, 2024 - 08:00
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On Monday, the ANZ-Indeed job ads survey was released, which showed that job ads fell by 2.1% in August: The following chart from Justin Fabo at Antipodean Macro plots the change in ANZ-Indeed job ads against the unemployment rate: Based on historical correlations, Australia’s unemployment rate should shoot higher. Fabo has also compiled the below The post Australia’s job market continues to sour appeared first on MacroBusiness. |
MacroBusiness
Tuesday, September 3, 2024 - 07:41
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DXY is on a rebound, perhaps technical: AUD is still battling go higher: North Asia not so much: Oil is in trouble: Metals are pulling back: Miners are frozen in fright at iron ore: EM yawn: Junk is boooolish: Yields overbought and ignoring oil. Not for long! Stocks all good: Markets are poised to continue The post Australian dollar gold battles to go higher appeared first on MacroBusiness. |
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Your Democracy
Tuesday, September 3, 2024 - 07:22
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Since the onset of the Gaza War, many Australians have urged the Albanese Government to speak up in condemning the Netanyahu regime’s constant breaches of international law and to act urgently to protect innocent civilians in Gaza and the West Bank. |
MacroBusiness
Tuesday, September 3, 2024 - 07:00
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The Australian Bureau of Statistics (ABS) on Monday released dwelling approvals data for July, which rebounded by 10.4% over the month, driven by the volatile unit & apartment segment: This drove annual approvals up by 14.3% year-on-year. The following chart shows total monthly dwelling approvals in trend terms: There were 14,319 dwellings approved in July, The post HIA puts lipstick on housing pig appeared first on MacroBusiness. |
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Your Democracy
Tuesday, September 3, 2024 - 06:55
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MOSCOW (Sputnik) - EU foreign policy chief Josep Borrell, claiming that there is no alternative to negotiations between Russia and Ukraine other than the "Zelensky formula," wants to remain in history as Europe's main Russophobe, Russian Foreign Minister Sergey Lavrov said. |
Your Democracy
Tuesday, September 3, 2024 - 06:42
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Egyptian cartoonist Ashraf Omar tortured in detention According to the cartoonist’s wife, Nada Mugheeth, and lawyer Khaled Ali, Ashraf Omar was physically abused and tortured while in detention. |
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Cheeseburger Gothic
Tuesday, September 3, 2024 - 05:22
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Renew Economy
Tuesday, September 3, 2024 - 00:14
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MacroBusiness
Tuesday, September 3, 2024 - 00:05
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Universities Australia chair David Lloyd continues to spread the lie that international education is Australia’s second largest export. “If international students say they don’t feel welcome in Australia, we run the risk of undermining the second-largest export industry in the country and damaging the economy”, Lloyd told ABC TV. As you can see, Lloyd has |
George Monbiot
Monday, September 2, 2024 - 21:15
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It’s ridiculous that governments leave it to people like me to communicate the need for environmental action. By George Monbiot, published in the Guardian 28th August 2024 There are several services and assets I would like to see nationalised. But at the top of my list is neither water, nor trains, nor development land, much as I’d like to see them brought under national or local public ownership. Above all, I want to see the nationalisation of my own business: environmental persuasion. I love my job. But I’m not very good at it. None of us is. |
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The Australian Independent Media Network
Monday, September 2, 2024 - 19:44
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By Bert Hetebry Election fever is hitting Queensland, and Law and Order is high on the agenda. And the problems Indigenous kids present are front and centre. And the economy as the campaign rollings along… Labor are not able to run the economy, look at the cost of living, inflation, interest rates, housing costs. Taking… The post Chuck ‘em in jail! appeared first on The AIM Network. |
The Australian Independent Media Network
Monday, September 2, 2024 - 17:22
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By Dale Webster ANZ chief executive Shayne Elliott made frequent mentions of “reputational risk” while giving evidence to the house standing committee investigating the big four banks in Canberra on Friday. Mr Elliott also advised the panel that his bonus for the last financial year was now being assessed and “reputational risk” was one… The post ANZ blows up ‘legally binding’ Suncorp deal over Katoomba branch appeared first on The AIM Network. |
