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Your Democracy Wednesday, July 6, 2022 - 06:55 Source

The Albanese Government is continuing the Coalition's habit of using condescending language to discuss Pacific Island relations, writes Dr Binoy Kampmark.

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Your Democracy Wednesday, July 6, 2022 - 06:23 Source

The recent festival of big Western politics – which began with a meeting of the European Council, continued with the G7 Summit, and ended with a major NATO gathering – provides plenty of food for thought about the fate of the world.

On the surface, what we have seen is impressive: The West is showing unprecedented unity in the face of the Russian campaign in Ukraine.

 

BY Fyodor Lukyanov

 

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Renew Economy Wednesday, July 6, 2022 - 06:00 Source

AEMC demand response decision Finger Pointing To Electric Meter Reading - optimised

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John Quiggin Wednesday, July 6, 2022 - 05:49 Source

Following up my initial response to Lane Kenworthy, I decided to approach the question from a different direction and ask “Would we be better off without corporations?”. That is, I’d like to consider a society in which all large enterprises were publicly owned. There would still be room for owner-operated private businesses, worker-controlled co-operatives, partnerships and perhaps some other forms of business I haven’t thought about.

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The Australian Independent Media Network Wednesday, July 6, 2022 - 00:08 Source

“Marxist” teachers are teaching our kids “absolute leftwing rubbish”. NSW Senator, Hollie Hughes, Shadow Minister for denying climate change and promoting fossil fuels, moonlighting as Opposition national curriculum cop, reads from the Republican playbook’s false alarmism about critical race theory and gender whispering being taught in schools. The Coalition sideshow is pumping now Dutton’s obsessed…

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MacroBusiness Wednesday, July 6, 2022 - 00:05 Source

Yesterday’s 0.5% hike in the official cash rate (OCR) by the Reserve Bank of Australia (RBA) sent another arrow through the hearts of Australian mortgage holders. Following three consecutive monthly rate hikes, the OCR has lifted to 1.35%, up from April’s record low of 0.1%. In a matter of days, every variable mortgage holder in

The post Australian home owners banished to mortgage hell appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 6, 2022 - 00:04 Source

It’s been one of the worst starts to a calendar year for US stocks – since 1939 in fact – and as we hit the halfway point (or starting point of a new financial year) its still fascinating to see the majority of forecasters in a bullish mood: The S&P500 started 2022 at 4770 points

The post Wall Street bulls see light at end of the tunnel appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 6, 2022 - 00:01 Source

Global Macro / Markets / Investing: Former top Apple lawyer pleads guilty to insider trading – CNBC MicroStrategy’s Bitcoin holdings take a record $3.4 billion hit. The company says it’s playing the long game – Fortune BP sells stake in Canadian oil sands to push into offshore projects – FT Coal Makes a Comeback as

The post Links 6 July 2022 appeared first on MacroBusiness.

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Renew Economy Tuesday, July 5, 2022 - 22:30 Source

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Renew Economy Tuesday, July 5, 2022 - 20:45 Source

The Port Kembla industrial area in NSW emissions safeguard mechanism

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Your Democracy Tuesday, July 5, 2022 - 19:32 Source

Of all the people on planet earth, the Irish should understand the Donbass inhabitants seeking independence. But the media at large — even in Ireland — point at “Russia invasion of Ukraine” rather than to “the liberation of the Donbass” from the fascist Ukrainian government.

 

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Your Democracy Tuesday, July 5, 2022 - 17:40 Source

Monday marks the 246th Independence Day of the United States of America. Two-hundred-and-forty-six years ago, the founding fathers of the US wrote that "All men are created equal". The authorities seems to be following this dictum-literally. The equality they promote is limited to men alone.

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MacroBusiness Tuesday, July 5, 2022 - 16:30 Source

Asian share markets are doing well despite the lack of an overnight lead from Wall Street. The defensive USD is keeping Pound Sterling and Euro at bay, with Yen also weakening while the  Australian dollar was essentially unchanged after the RBA raised rates 50bps as expected this afternoon, remaining depressed at the mid 68 cent

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, July 5, 2022 - 15:57 Source

By Andrew Klein   In Western tradition there is a concept of kings and queens ruling by divine right, you have to imagine ‘God’ giving his/her imprimatur to the successful bidder for a Throne. Mostly this occurred after bloody battles and political scheming behind the scenes and more often than not involved members of the church.…

The post Divine Right to Rule and the Delusion of the Religious Right appeared first on The AIM Network.

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Your Democracy Tuesday, July 5, 2022 - 15:53 Source

Back in time, when we had plenty of gasbags.... PM John Howard pushes 15 Bn gas deal with the US... All now hanging in the balance with Governor Arnold Beefcakenegger... The PM raised the issue with Vice president Dick Cheney-of-Halliburton at a private lunch yesterday. SEE: Pre-dinner informal talks......

 

But NOW:

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Renew Economy Tuesday, July 5, 2022 - 14:39 Source

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MacroBusiness Tuesday, July 5, 2022 - 14:31 Source

As expected, the Reserve Bank of Australia (RBA) has just dealt a big blow to mortgage holders, hiking the official cash rate (OCR) by 0.5%, taking it to 1.3% Below is the official statement [my emphasis]: At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.35

The post Lunatic RBA steers Australia toward recession with 0.5% rate hike appeared first on MacroBusiness.

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Renew Economy Tuesday, July 5, 2022 - 14:12 Source

AEMO says it will lift a suspension of the entire National Electricity Market after supply pressures ease.c

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MacroBusiness Tuesday, July 5, 2022 - 14:00 Source

In May, former Labor leader and shadow minister for the NDIS and government services, Bill Shorten, admitted that Australia’s stunning jobs market – the best in generations – has been driven by the collapse in immigration over the pandemic: Rafael Epstein: We do have a remarkable number today: the lowest unemployment rate since 1974… Do the

The post Craig Emerson: Low immigration good for wages appeared first on MacroBusiness.

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Your Democracy Tuesday, July 5, 2022 - 13:47 Source

WATCH: Mexican President Obrador Suggests Dismantling Statue of Liberty if Assange Convicted in US

 

The Mexican president has once again said that he was willing to provide asylum to Julian Assange, adding that he would raise the case during his meeting with Joe Biden next week.

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MacroBusiness Tuesday, July 5, 2022 - 13:30 Source

A certain type of person loves to obsess over an arbitrary point of “fertility falling below replacement” as if that is the point of no return for population collapse. The world’s richest man is worried that there aren’t enough humans. I’ve noticed that many other people obsess over the idea that birth rates declining is

The post Debunking fertility rate paranoia appeared first on MacroBusiness.

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Renew Economy Tuesday, July 5, 2022 - 13:30 Source

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Renew Economy Tuesday, July 5, 2022 - 13:02 Source

Djibouti’s Minister of Energy and Natural Resources Yonis Ali Guedi and Fortescue Future Industries CEO Julie Shuttleworth sign Framework Agreement.

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MacroBusiness Tuesday, July 5, 2022 - 13:00 Source

The Real Estate Institute of New Zealand (REINZ) has released its July survey of licensed real estate agents, which is wall-to-wall bearish and points to further heavy price falls for the nation’s housing market. Below are key indicators presented in the survey. First, a net 61% of responding real estate agents said they are seeing

The post New Zealand housing indicators signal price crash appeared first on MacroBusiness.

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Renew Economy Tuesday, July 5, 2022 - 12:58 Source

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Your Democracy Tuesday, July 5, 2022 - 12:52 Source

Sen. Mitt Romney (R-Utah) on Monday said that former President Trump’s return to office would feed into the “national malady of denial, deceit, and distrust” that the senator said President Biden has not been able to break through.

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MacroBusiness Tuesday, July 5, 2022 - 12:30 Source

Charitable food banks across NSW and Victoria have seen surging demand amid the soaring cost of essentials. On Sunday, thousands of Melburnians queued for hours to receive food hampers at Foodbank outlets in Epping and Dandenong. The charity says demand has doubled over the past month, with Foodbank now feeding 50,000 Victorians each day. More

The post Aussie food banks inundated amid cost-of-living crisis appeared first on MacroBusiness.

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Renew Economy Tuesday, July 5, 2022 - 12:04 Source

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Your Democracy Tuesday, July 5, 2022 - 12:02 Source

WNBA star Brittney Griner, who has been held in Russia since February, urged President Biden in a letter delivered to the White House on Monday not to forget about her and other Americans detained abroad.

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MacroBusiness Tuesday, July 5, 2022 - 12:00 Source

There were 3,917 liquidations or administration appointments in Australia in 2021-22, with Equifax head of product and rating services, Brad Walters, noting that the construction sector accounted for 28% of all insolvencies: “Small-scale operators in Australia’s construction industry could well be the canary in the coal mine for the difficulties that lie ahead for this

The post Home builder dominos collapse into insolvency pit appeared first on MacroBusiness.

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