Major General Chris Smith DSC AM CSC teed off at the culture of managerialism affecting military decisions. His thoughts could be applied far more widely than just the military, and he should be applauded. “At the point of definition, those at the other end of your rifle are the enemy, and you are their enemy.
Sydney’s auction clearance rates have trended down over recent weeks, while auction volumes have materially increased. As a result, the growth in Sydney dwelling values have begun to fall. Sydney’s final auction clearance rate fell to 62.4% last weekend, based on 987 auctions. This result was down from 64.1% the prior weekend (from 772 auctions)
The housing finance commitments for the December quarter from the Australian Bureau of Statistics (ABS) showed that the number of investor mortgages issued over the quarter hit a record after jumping by 5.5% over the quarter to 60,445: The value of investor lending also surged by 7.9% over the quarter and 31.8% over the year,
Australia’s universities say they are over-regulated—and the chief executive of Universities Australia (UA), Luke Sheehy, has just secured a promise from education minister Jason Clare to give his members a break. A “better regulation” working group composed of “regulators, university peak bodies, unions and student representatives” will lead the charge in reducing regulation and cutting
International Reading: Days before the national debt is due to hit $39 trillion, President Trump didn’t mention it once during the longest State of the Union ever – Fortune If AI Causes an Office Job Wipeout, It’ll Cause Huge Problems for Blue Collar Work Too – Futurism Trump Administration Provides Biggest Illegal Tax Cuts Yet
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, breaks down the rise of HALO companies — the resilient, pricing-power businesses proving largely “immune” to AI disruption — exploring why they continue to outperform, what protects their economics from technological shocks, and how investors can position around this defensive theme. Watch the episode
The tsunami of auction activity is beginning to weigh on home values in Melbourne and Sydney. On Thursday, Cotality released its final auction results for last weekend, which showed that the national clearance rate declined to 62.0%, down from 63.3% the prior week and 66.1% three weekends ago. The decline in the national clearance rate
Roll the tape. Iron-ore giant Fortescue is speeding up its switch to green iron because CEO Dino Otranto told investors that the Pilbara must help China decarbonise steelmaking in order to stay competitive. Otranto said on the company’s earnings call that work on Fortescue’s Green Metal project at Christmas Creek is going well and that
The worst treasurer since Jim Cairns, and the dumbest since Wayne Swan is certainly not the unluckiest. Having squandered incredible national income windfalls as record inflation outbreaks, slaughtering real incomes, Treasurer Jim “chicken” Chalmers is ready to ride another unlooked-for river of gold flowing into his backside. This time, it is literally a river of
Business Council of Australia Chief Executive Bran Black delivered a keynote address to the Universities Australia Solutions Summit that repeated the same old myths and fallacies about the vital importance that international students play in the Australian economy. Is international education a major economic pillar? Black claims that international education is a major economic pillar: