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MacroBusiness Monday, February 23, 2026 - 12:00 Source

Since the end of 2019, Australia has recorded the strongest net overseas migration (NOM) in the nation’s history, with 266,000 net migrants arriving annually, including the Covid-19 border closures: According to Shane Oliver at AMP, Australia’s cumulative housing shortage is tracking somewhere between 200,000 and 300,000, depending on assumptions about the number of people per

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MacroBusiness Monday, February 23, 2026 - 11:00 Source

Former Treasury official turned director of Macroeconomics Advisory, Stephen Anthony, is one of the few economists who understands the pitfalls of Australia’s transition to an all-renewable energy future. Anthony penned an article in the Daily Telegraph warning that the foolhardy push to close down Australia’s stable, baseload coal power for intermittent, weather-dependent renewables will drive

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Renew Economy Monday, February 23, 2026 - 10:56 Source

wellington-north-solar-scaled.jpgRenewables dedicated offshoot of finance giant Macquarie emerges as buyer of oil giant's gigawatt-scale portfolio of solar and storage projects around Australia.

The post Investment giant snaps up 1 GW solar and battery portfolio of retreating oil supermajor appeared first on Renew Economy.

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MacroBusiness Monday, February 23, 2026 - 10:30 Source

Iron ore futures have been on a significant sag in Singapore over the Chinese Lunar New Year break. Chinese markets reopen tomorrow, and we typically see a bounce in ferrous prices after the holiday. That said, I am looking through it this year and holding my shorts. The market is fundamentally weak with far too

The post Iron ore’s long losing streak set for reprieve? appeared first on MacroBusiness.

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John Quiggin Monday, February 23, 2026 - 10:01 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

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MacroBusiness Monday, February 23, 2026 - 10:00 Source

Last week, the Australian Bureau of Statistics (ABS) released wage data for the December quarter, which revealed that real inflation-adjusted wages fell by 0.3% in 2025, tracking at the same level as December 2011. The Reserve Bank of Australia’s (RBA) latest Statement of Monetary Policy also projected that real wages won’t recover over its forecast

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MacroBusiness Monday, February 23, 2026 - 09:30 Source

Anthony Albanese is a renowned backroom bovver boy. He doesn’t care about policy or the country. He cares about power and keeping his side in charge of it. And boy, is he on a winner with One Nation. As noted last week, ON is now destroying the opposition LNP at the state level just as

The post Albo is deliberately building One Nation appeared first on MacroBusiness.

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MacroBusiness Monday, February 23, 2026 - 09:00 Source

The US Supreme Court ruled on February 22, 2026, that Donald Trump’s International Emergency Economic Powers Act’s tariffs were invalid. This includes the “reciprocal” tariffs and those imposed on Canada, China, Mexico, and other countries under different emergency declarations. Not long after the decision, President Trump announced a 10% “global tariff” under Section 122. But

The post Trump’s new tariff unshock appeared first on MacroBusiness.

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Your Democracy Monday, February 23, 2026 - 08:33 Source

Too often I dream

Our lousy world leaders

Spirited from the ice cream

But to the world’s horrors

Replacement would be

Stung evermore by the bee

Imagine Rubio Hegseth or Vance

Taking over the Donald’s trance

Spinning the macabre dance

Of a debauched Epstein stance

Should we take such a chance

Til one left is Chuck Schumer

Or a loser named Booker

Imagine the idiots replacing Sir Keir

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MacroBusiness Monday, February 23, 2026 - 08:00 Source

With the resignation of former Liberal Party leader Sussan Ley from federal parliament, the newly minted leadership of Angus Taylor has been well and truly thrown in at the deep end. Following Ley’s resignation, there will be a byelection in her former seat of Farrer. Once, it was a blue ribbon safe seat for the

The post Angus Taylor, the clock is ticking appeared first on MacroBusiness.

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Your Democracy Monday, February 23, 2026 - 06:55 Source

 

Only Parliamentary nerds noticed. One such nerd Rex Patrick noticed and reports on a transparency dummy spit by Labor on the floor of the Senate.

Formal Business

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Your Democracy Monday, February 23, 2026 - 05:44 Source

 

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Your Democracy Monday, February 23, 2026 - 04:33 Source

From the bestselling author of SPQR: A History of Ancient Rome, the fascinating story of how images of Roman autocrats have influenced art, culture, and the representation of power for more than 2,000 years....

 

Twelve Caesars: Images of Power from the Ancient World to the Modern

BY Mary Beard

 

read more

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MacroBusiness Monday, February 23, 2026 - 00:01 Source

Thursday’s labour force data from the Australian Bureau of Statistics (ABS) has put the Reserve Bank of Australia (RBA) under more pressure to hike interest rates. Australia’s headline unemployment rate remained at 4.1% in January amid solid employment growth of 17,800. The number of hours worked also rose by a solid 0.6% in January. As

The post The RBA is under extreme pressure to hike again appeared first on MacroBusiness.

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Renew Economy Sunday, February 22, 2026 - 22:13 Source

Last week, the UK committed up to £1 billion to community and local energy, with an ambition that by 2030, every community will have the opportunity to own an energy project. Australia should take notice.

The post The UK has just thrown its weight behind community energy. Australia should too appeared first on Renew Economy.

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Renew Economy Sunday, February 22, 2026 - 22:05 Source

sun cable 5b solar northern territory optimised

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Renew Economy Sunday, February 22, 2026 - 21:40 Source

Turkey solar plantPerhaps the most important feature of the latest monthly electricity data from the IEA is not that renewables dominate growth in electricity consumption but that every country is doing the same thing.

The post New global data confirms renewables are booming – and not just in the big economies appeared first on Renew Economy.

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Your Democracy Sunday, February 22, 2026 - 16:46 Source

Arab and Muslim-majority countries have condemned US Ambassador to Israel Mike Huckabee for arguing that Israel has a biblical right to much of the Middle East.

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MacroBusiness Sunday, February 22, 2026 - 12:44 Source

Australia’s auction market has continued to fade following the Reserve Bank of Australia’s (RBA) interest rate hike this month. According to Cotality, the national preliminary auction clearance rate declined to 68.0%, down from 70.7% last weekend (revised to 63.3% on final numbers) and 73.7% two weeks ago (revised to 66.1% on final numbers). This weekend’s

The post Fading auction market signals house price falls appeared first on MacroBusiness.

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MacroBusiness Sunday, February 22, 2026 - 12:00 Source

  Former UK Trade envoy, Andrew Mountbatten-Windsor You would think that there would be someone, anyone, who knew enough about the Royal Family, who knew Andrew Mountbatten-Windsor well enough who could have said to him quietly, ‘Molesting underage girls is not a good look for a Prince of the Realm, sire……’ But the bigger fallout

The post Toxic elites set policy and shape your life outcomes too appeared first on MacroBusiness.

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Your Democracy Sunday, February 22, 2026 - 10:45 Source

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Your Democracy Sunday, February 22, 2026 - 09:28 Source

Former Prime Minister Boris Johnson says that the UK and its allies should deploy non-combat troops to Ukraine right now, to "flip a switch" in Russian President Vladimir Putin's head.

Speaking exclusively to Sunday with Laura Kuenssberg alongside the former head of the military, Adm Sir Tony Radakin, Johnson said troops should be sent to peaceful regions in non-fighting roles.

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Your Democracy Sunday, February 22, 2026 - 06:55 Source

"This week’s news that Russian dissident Alexei Navalny died after allegedly ingesting poison from a South American frog while imprisoned in the Arctic is a reminder that Russia also has a long history of assassinating critics of the regime."

.....

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Your Democracy Sunday, February 22, 2026 - 05:44 Source

 

In Australia, a child of ten can go to prison for shoplifting, while an executive engaged in multimillion-dollar bribery gets away with a fine. Aleta Moriarty with the story.

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Your Democracy Sunday, February 22, 2026 - 04:33 Source

Welcome to Scheer Intelligence, in this episode, Robert Scheer sits down with media scholar Nolan Higdon to dissect the explosive revelations emerging from the Epstein Files — newly exposed documents released under the Epstein Files Transparency Act.

At nearly 90 years old, Scheer says he has never seen anything like this.

 

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John Quiggin Saturday, February 21, 2026 - 15:53 Source

My latest in The Guardian

Like millions of Australians, I shop at Coles. I’m not as careful as I should be, but I try to buy things advertised as being discounted, or on special. But after following a recent case before the federal court, I’ll be checking my old receipts before accepting such claims. In particular, I’ll be avoiding “Down Down” promotions. On the evidence before the court, such promotions are routinely used as a way of implementing price increases.

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John Quiggin Saturday, February 21, 2026 - 15:52 Source

I spoke last week at a meeting organised by the Brisbane Flight Paths Community Association to demand a curfew on planes flying over Brisbane. These are mostly either international flights (subsidised by the state government) to promote tourism) or overnight freight, for which there is a fairly modest convenience benefit

By contrast, the adverse health effects and sleep disruption associated with night-time airport noise have huge costs, running into the billions, whether you estimate these directly or via effects on land values.

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John Quiggin Saturday, February 21, 2026 - 15:51 Source

Not long after Trump took office, I observed that the status of the US as the “indispensable nation” could not be sustained. A year later, the US, considered strictly as a state actor, is already dispensable and has, in fact, been largely dispensed with, by Europe in particular.

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THE BLOT REPORT Saturday, February 21, 2026 - 11:58 Source
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THE BLOT REPORT Saturday, February 21, 2026 - 11:41 Source

Now that the far right of the Liberal Party has taken over the party from the ‘moderates’ with the election of Angus Taylor as leader, they have started amping up the racist rhetoric about immigration, in much the same way the Trumpists in the US have done. The Liberal Party will no doubt state that it is not racist, and it would seem not to be to the average halfwit, but it is. They cloak their racism in codewords so as to superficially deny it, but make no mistake, it is just as racist as anything Pauline Hanson’s One Notion put out.

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