Blogotariat

Duelling queues snake out from the Australian and Turkish pavilions at COP30; one for tea and Turkish delight, the other for coffee.

In the second last line of the RBA’s exhaustive forecasts out to December 2027 was their projection for real wage growth in year-on-year terms at 6-month intervals. According to an analysis from Greg Jericho, the policy director at the Centre for Future Work, what they have projected is effectively two separate recessions for real wages

The post Reserve Bank forecasts real wage recession appeared first on MacroBusiness.

Why are wrongful dismissal claims soaring?…Everyone has a theory. A weakening job market. Artificial intelligence-assisted applications. Greater media attention on the cases leading to greater worker awareness of their rights. Did something break in people’s attitudes during the pandemic that contributed to the increase? Has working from home done something to curdle workplace relationships? A

The post AI devours unfair dismissal appeared first on MacroBusiness.

Proponent’s commitments to benefit-sharing from big wind, solar and battery projects backed by government revealed in new resource

Canberra is on a charge for the media moguls. Facebook owner Meta would be liable to pay the Australian Taxation Office more than $112 million a year if it fails to strike commercial deals with local publishers under new laws aimed at forcing recalcitrant social media platforms to pay for news. But the tax, which

The post Why Facebook will ignore news payment incentives appeared first on MacroBusiness.

Senators hear how misinformation is costing regional communities real projects, money and trust.

Mining giant Rio Tinto signs new long term o

There has been a great deal of focus this week on the events of the Dismissal of Gough Whitlam’s Labor government, fifty years ago last Tuesday.

I have been particularly drawn to examining how the role of the Senate has changed since 1975, but also throughout the history of the federation. Changes in electoral systems, the size of the Parliament and a fragmenting party system has produced a Senate quite different to the one that blocked supply in 1975.

In October, Chinese banks made 220bn yuan in new loans, a sharp decline from 1.29 trillion yuan in September. Compared to a year ago, the flow of loans increased 6.5%, a record low. Under the hood, corporate loans fell to 350bn yuan from 1.22 trillion yuan, while household loans, including mortgages, shrank by 360bn yuan

The post Chinese credit hits the skids appeared first on MacroBusiness.

Ukraine corruption scandal puts top figures under scrutiny

The corruption scandal is fast becoming Ukraine's most significant government crisis since Russia's invasion in 2022.

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Wall Street had a very rough session overnight as the AI bubble seemed to show signs of instability with domestic economic concerns following the US government shutdown. Tech stocks led the selloff but it extended across all risk markets although currency markets remained largely on their individual trends as the Australian dollar pulled back after

The post Macro Morning appeared first on MacroBusiness.

Irina Slav from OilPrice.com summarised Wood Mackenzie’s Energy Transition Outlook 2025-26 as follows: Global demand for crude oil is projected to continue increasing until at least 2032, indicating that the world is significantly off track in meeting its Paris Agreement goals. Despite trillions of dollars invested in the energy transition, fossil fuels—oil, coal, and natural

The post The energy transition is failing appeared first on MacroBusiness.