Canada has experienced a shocking decline in labour productivity in recent years, decoupling sharply from its neighbour to the south, the United States: The decline in Canadian labour productivity has been matched with growth in real GDP per capita, which unlike the United States, has barely experienced any growth in a decade: The situation is
Asian share markets have all opened and stayed in the red following the soft but not soft enough US unemployment print from Friday night that saw Wall Street slump nearly 2% across the board. The risk off mood has not been helped by the latest Chinese CPI and PPI prints with the latter remaining well
For decades, spurious private colleges have provided backdoor immigration and work rights to internationals “students” seeking migration to Australia. For example, 13 years ago, GlobalHigherEd reported a proliferation of sham private colleges catering to fake students from South Asia: In 2002 there was just over 11,000 Indian students in Australia, and by 2005 this number had
The Climate Change Authority has warned that Australia must cut emissions by 75% by 2035 to limit global warming to 1.5 degrees. “We need to seize this once-in-a-generation opportunity to ensure Australia’s rapid and orderly transition as the world transforms to avert the worst impacts of climate change”, Newly appointed head of the Climate Change
You have to love the fake left. Even as its policies annihilate Australian living standards, the delusional onanism rises: The NGV’s first landscape architecture exhibition has invited eight visionaries to picture the future of different sites along Birrarung – the Yarra River In half a century, should Melbourne’s golf courses be flooded and transformed into
The Conversation has good piece today: As the climate crisis gets worse, global fossil fuel production is growing and oil and gas companies are making record profits. While the powerful influence of the fossil fuel industry’s lobbying on climate policy is increasingly acknowledged, our new research also shows how oil and gas companies are influencing universities. We are researchers with
TSLombard says 25bps. August employment data continue the portrayal of an economy running out the string, nearing an inflection point. Yes, August was an uptick from June and July, but given the combined 86,000 downward revision to those months, does anyone believe this month’s data will hold up? Whether inflection turns into recession (three months
Oil has about the worst bearish descending triangle chart I have ever seen: It takes a lot to make Wall Street bearish on oil but it has happened. Goldman: The 8 OPEC+ countries agreed yesterday to extend their extra voluntary production cuts for two months until the end of November, underscoring the flexibility of the
Chinese property is still buggered: Prices into the pit: Car sales not great, either: Infrastructure bonds lagging still: Infrastructure itself struggling: PEL, basically Chinese QE, is a bust: And property developers still can’t borrow: The Titanic is going down.
As usual, the pet shop is squawking while saying nothing. The two national business dailies could not be more distracted: This week’s national accounts for the June quarter confirm an economy that has split apart: consumers are being battered by inflation while governments are on a spending spree. The headline figure was a 0.2 per