Blogotariat

Get set for a “growth mindset”. Or, should that read, get ready for a barrage of motherhood statements followed by a corporate tax cut? The PC’s Danielle Wood is readying for her moment of glory. Nine. First, we can’t talk about productivity without talking about the immense potential of new technologies such as artificial intelligence.

The post Producitivity blather cover for corporate tax cut? appeared first on MacroBusiness.

Unlike the sick man of Asia, the US is rebuilding industry. Morgan Stanley. Our US Industrials analysts note that since 2018, the US has increased its share of global capex significantly — a notable reversal from the decline following China’s WTO entry in 1999. The US now accounts for roughly 30% of incremental global capex,

The post US rebuilds industry as Australia throws it away appeared first on MacroBusiness.

WA premier says there will be no more money spent propping up Griffin Coal, underscoring urgent need to ramp up the state's renewables buildout.

A couple of stories today make for some very unsettling reading about Kevin Rudd’s role in Australia’s pivot to China. The pivot comprises two halves. First, Rudd is failing in Washington. With Australia clearly on the outer of the Trump administration, we already know Rudd’s pre-appointment insults have played a passive role. Now, it appears

The post Rudd wrecking ball flattens national interest appeared first on MacroBusiness.

With the release of the latest U.S. employment figures last week, a still relatively robust American labour market in aggregate was revealed. In the minutes and hours that followed, analysts began to put together the pieces as to why it had remained so strong: non-market job creation. For those perhaps not familiar with the term,

The post America’s taxpayer funded jobs boom appeared first on MacroBusiness.

Ukraine’s Vladimir Zelensky claimed he had no idea about the atrocities committed by the Ukrainian Nazi collaborators during the World War II until confronted on the issue by Poland’s president, Andrzej Duda, the latter has told the Polish RMF24 broadcaster.

When Cotality starts talking about specific suburbs, you know the boom is not here yet. Almost 45% of all suburbs across Australia are now at a record high in value, according to Cotality’s latest Housing Chart Pack. The suburb-level analysis reveals the broad-based nature of the current housing upswing, with values across 44.8% of the 3,722 suburbs

The post Not your grandfather’s housing boom appeared first on MacroBusiness.

I wrote a blog post last weekend about how the NSW government has been sneaking in a change to how council vacancies are filled into a bill that is billed as primarily ending the privatisation of council election administration.

Since then I’ve had the chance to do a bit more analysis on the topic and I wanted to provide more data to inform the debate. This was too late to be included in my inquiry submission so hopefully it can be found useful by MPs anyway.

New record highs for Wall Street and Bitcoin as the latest US weekly initial jobless numbers weren’t as high as expected, giving USD another lift against most of the undollars. However, the Australian dollar rallied on more Chinese stimulus speculation while Lots of auctions in the US Treasury market saw 10 year yields dip lower

The post Macro Morning appeared first on MacroBusiness.

This is the way the world ends, not with a bang but a flooding: With apologies to T. S. Eliot

Every year the UN runs a Climate Change Conference – the next is scheduled for November in Brazil. High on the agenda will be the plight of Pacific Islanders seeing their homes drown. There’s an equally pressing need close by, but the solutions seem doomed.

The bill for Marinus Link, including the onshore transmission works in Tasmania, will come to just over $5 billion dollars, a major new assessment has found.

THE DEVIL OF MONEY

We see people of adventure 

who hunt this curse

To lock it in their purse 

each judges one’s misfortune

that to make awful times better 

one would have to stop the blither.

All of you who criticise the spirit of this image, 

have you never paid money any homage? 

These warriors, these scholars, these learned doctors,

These bourgeois, these merchants, this singer,

An ambitious plan for a giant 2.4 GW solar farm and a major green hydrogen production plant for the Tiwi Islands has been scrapped.