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Renew Economy
Wednesday, November 13, 2024 - 13:09
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MacroBusiness
Wednesday, November 13, 2024 - 13:00
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If we add mining subsidies, it is more $80bn! Prosper with the report. Australian states could capture an additional $14.5 billion in revenue each year by moving to a more flexible royalty model with variable rates that adjust to market conditions. “Australians own the rights to mineral and petroleum resources, but the states as our The post Mining parasite fattens on $66bn in stolen royalties appeared first on MacroBusiness. |
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MacroBusiness
Wednesday, November 13, 2024 - 12:37
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Westpac sums it up. In the September quarter, the Wage Price Index (WPI) rose 0.8% (3.5%yr), on par with Westpac’s forecast but a touch softer than the market consensus of 0.9%. It is also below the RBA’s expectation which pointed to a 0.9%qtr rise in both the September and December quarters of 2024. Wage inflation The post Sagging wages scream at RBA bullhawk to cut interest rates appeared first on MacroBusiness. |
MacroBusiness
Wednesday, November 13, 2024 - 12:30
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It appears the subaltern Australian mind is so brow-beaten that, like our American cousins, we are ready to give away our freedoms to would-be tyrants. Constitutional law expert Anne Twomey has warned Labor’s bid to crack down on online misinformation could “all go very wrong”, raising concerns over the outsourcing of censorship decisions to foreign-owned social |
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MacroBusiness
Wednesday, November 13, 2024 - 12:00
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What an intellectual mess Chris Uhlmann is. The piece he writes today is so confusing that he should give the NDIS a call. The man charged with delivering Labor’s pledge to source 82 per cent of electricity from wind, solar and hydro power by 2030 says natural gas will be the “ultimate backstop” for keeping The post Gas cartel boils Chris Ulhmann’s brain appeared first on MacroBusiness. |
MacroBusiness
Wednesday, November 13, 2024 - 11:30
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The latest new car sales data from the Federal Chamber of Automotive Industries (FCAI) showed that sales nationally are trending lower, down 7.9% year-on-year in October. This decline in new car sales has been matched by the fall in motor vehicle registrations this year. FCAI chief executive Tony Webber noted that the industry is “concerned The post Australia’s EV bubble pops appeared first on MacroBusiness. |
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Your Democracy
Wednesday, November 13, 2024 - 11:03
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Fyodor Lukyanov: This is why Trump’s approach to Ukraine is so differentThe key is understanding how the US president-elect formulates policy, and his background in the business world Donald Trump formulates his political course using memes. Strategies, programs and action plans are then drawn up by people around him. But the impetus comes from the main character’s pronouncements. |
MacroBusiness
Wednesday, November 13, 2024 - 11:00
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The Market Ear on the runaway Trumpflation. And the winner is When you need proper leverage, you go for the mania 2x. MSTU, 2x MSTR, up some 50% today. Source: Refinitiv The one and only The dollar continues surfing with the DXY printing the highest levels since late June/early July. We outlined our long dollar The post Stocks hit bond turbulence appeared first on MacroBusiness. |
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xkcd.com
Wednesday, November 13, 2024 - 11:00
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MacroBusiness
Wednesday, November 13, 2024 - 10:30
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It is best to stop digging when you are in a financial hole. The Victorian government is drowning in debt with the lowest credit rating in the nation. The world’s two largest credit rating agencies, S&P Global and Moody’s, recently warned that Victoria faced further downgrades unless it controls its debt. One year ago, newly The post Victorian government enslaves taxpayers appeared first on MacroBusiness. |
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MacroBusiness
Wednesday, November 13, 2024 - 10:00
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Labor’s first federal budget in October 2022 projected 470,000 net overseas migration (NOM) in the first two years (FY 23 and 24). Instead, Labor allowed in around one million NOM over two years, more than double its forecast. On Tuesday, the Australian Bureau of Statistics (ABS) released monthly net long-term arrivals data, indicating that immigration The post Albo loses control of immigration appeared first on MacroBusiness. |
Renew Economy
Wednesday, November 13, 2024 - 09:45
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Your Democracy
Wednesday, November 13, 2024 - 09:35
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https://www.youtube.com/watch?v=vLXYeJLhpMA Megyn Kelly on Shocking Details About What Kamala's Campaign Paid For the Oprah Town Hall and More
https://www.youtube.com/watch?v=BA5687kROLk Jon Stewart DESTROYS 'Woke' Dem Autopsy Takes
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MacroBusiness
Wednesday, November 13, 2024 - 09:30
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It wasn’t really a good time and sure wasn’t a long time, as Chinese property appears to be slowing once more. Goldman has more. Our refined easing impact tracker indicates that over the 6th week since this easing cycle, we find: 1)aggregated primary/secondary volumes recorded-29%/+1% wow and were 42%/65% higher than pre-easing level (vs. average The post Chinese property unrecovers appeared first on MacroBusiness. |
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Your Democracy
Wednesday, November 13, 2024 - 08:09
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Russia’s Permanent Representative to the UN Vassily Nebenzia presented the Security Council with a picture of the situation in Ukraine on 31st October. |
MacroBusiness
Wednesday, November 13, 2024 - 08:00
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The Reserve Bank of Australia (RBA) ‘s interest rate decision last week was undeniably “hawkish”. The RBA explicitly stated that “underlying inflation is too high” at 3.5% and admitted that it underappreciated the strength of public spending, which has inflated aggregate demand and kept unemployment low. The NAB business survey was released on Tuesday and The post Good news for RBA and inflation appeared first on MacroBusiness. |
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Your Democracy
Wednesday, November 13, 2024 - 07:56
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London: The Archbishop of Canterbury has resigned after intense pressure over his role in the Church of England’s failure to halt years of sexual and physical attacks carried out by a volunteer at Christian summer camps decades ago. |
Your Democracy
Wednesday, November 13, 2024 - 07:26
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The Albanese Government’s obsessive enthusiasm for matching Coalition and News Corp demands with policy responses was on show twice last week. On both occasions it was enshrined in legislation, the first on immigration detention and the other on laws to restrict social media access.
Whatever Dutton wants, Albanese makes sure he gets By Paul Begley
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MacroBusiness
Wednesday, November 13, 2024 - 06:47
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As expected, the DXY MAGA boom is a global wrecking ball. AUD is on the verge of a new medium-term downtrend. CNY is being let go. JPY won’t have it. Very AUD bearish. Gold and oil haven’t had a proper flush yet. It’s coming if trends continue. Dirt is threatening to get there first. Miners The post Australian dollar bath of blood appeared first on MacroBusiness. |
Cheeseburger Gothic
Wednesday, November 13, 2024 - 06:14
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I’ve had a moment of clarity about just how much time I was spending on news apps. Because I cut myself off after the US election, I suddenly found myself with hours to fill every day. Yep. Hours. I don’t recall wasting hours gorging on news coverage, but Siri tells me my consumption is way down. Apparently I wasn’t wasting heaps of time on the socials. I pretty much had that under control, except for long-form pieces on Substack. But Apple’s news app was chewing up large parts of my day. |
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Prosper Australia
Wednesday, November 13, 2024 - 06:00
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Prosper Australia today released new research examining Australia’s resource royalties. Australian states could capture an additional $14.5 billion in revenue each year by moving to a more flexible royalty model with variable rates that adjust to market conditions. |
Your Democracy
Wednesday, November 13, 2024 - 05:44
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THE FOLLOWING ARTICLE WAS WRITTEN BEFORE (OCTOBER 31, 2024) THE ELECTION RESULTS... On the eve of what could be the most consequential election in US history—perhaps even global history—the elite class representing their favored stalking racehorse seem to have thrown in their towels and hung up their riding crops. |
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MacroBusiness
Wednesday, November 13, 2024 - 00:10
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The 2023 Intergenerational Report presented the following chart showing the structural decline in property ownership among younger Australians. In 1981, over 55% of Australians aged 25 to 29 owned a home. Four decades later, there has been a dramatic reduction to slightly more than 35%. The gap narrows as you progress up the age groups. The post The Australian Dream is dead appeared first on MacroBusiness. |
The Australian Independent Media Network
Tuesday, November 12, 2024 - 22:05
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Australian Federal Police Association The NSW police wage deal, which properly recognises and respects the contribution of police officers, stands in jarring contrast to the deal the Albanese Government wants AFP officers to accept, according to the Australian Federal Police Association. Police officers in NSW will receive a substantial pay rise from the Minns Government… |
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The Australian Independent Media Network
Tuesday, November 12, 2024 - 20:18
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It was catastrophic, cataclysmic and all destructive. It wiped out empires and aristocracies and tore through the middle class. The First World War was a conflict that should never have happened, was pursued foolishly and incestuously by the royal families of Europe and fertilised the ground for an even greater war two decades later. It… The post The Remembrance Day Amnesia Racket appeared first on The AIM Network. |
The Australian Independent Media Network
Tuesday, November 12, 2024 - 20:06
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By Denis Hay Description Australia’s role in military alliances poses risks to sovereignty. Discover how AUKUS and BRICS impact Australia’s independence and security. Australia’s Role in Military and Financial Alliances: Navigating Risks and Sovereignty Australias role in military alliances and position in global military and financial systems has sparked intense debate. With deeper ties to… The post Australia’s Role in Military Alliances: Risks to Sovereignty appeared first on The AIM Network. |
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Your Democracy
Tuesday, November 12, 2024 - 17:11
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“IDF will fuck the Arabs!”, “Why is school out in Gaza? There are no children left there!” Maccabi Tel Aviv football fans chanting on 8 November, as reported by The Times of Israel. Yet the BBC just compared them to Jewish victims of the Nazi pogroms. Why this story matters is because of the outsized influence of the BBC – its content is shared as gospel by countless other broadcasters.
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MacroBusiness
Tuesday, November 12, 2024 - 16:38
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‘Defunct Otways tractor #4’ AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 The post Macro Afternoon: 12 November 2024 appeared first on MacroBusiness. |
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The Australian Independent Media Network
Tuesday, November 12, 2024 - 16:18
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Tide Communications Media Release Australian Unity, one of the nation’s first wellbeing companies, has released its latest Wellbeing Index survey report in partnership with Deakin University. The survey, conducted in June 2024, measured subjective wellbeing in more than 2,000 adults aged 18 years and older across a series of personal and national areas, including the economy,… |
Your Democracy
Tuesday, November 12, 2024 - 16:03
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