Renew Economy
Thursday, April 18, 2024 - 14:54
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MacroBusiness
Thursday, April 18, 2024 - 14:30
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The Useful Idiot is up to its old tricks again today: They’re close to the city, public transport, schools and parks – and Melbourne’s leafy eastern suburbs should be shouldering the burden when it comes to new housing, according to a new report. The report, by housing advocacy group Yimby Melbourne and published on Thursday, recommends The post More YIMBY useful idiots appeared first on MacroBusiness. |
Renew Economy
Thursday, April 18, 2024 - 14:06
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The Australian Independent Media Network
Thursday, April 18, 2024 - 14:05
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By Bert Hetebry Having worked for many years with a diverse number of people from different ethnic groups and religions, and some with no religion, I was impressed that despite the differences, everybody seemed to get along. Being interested, I asked people about their faith, and found that people held their faith and cultural traditions… The post Religious violence appeared first on The AIM Network. |
MacroBusiness
Thursday, April 18, 2024 - 14:00
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AEP with his take on why gold has decoupled from traditional drivers. There is a strong suspicion among gold experts that China is behind the surge in buying, building up a war-fighting bullion chest through state-controlled banks and proxies. But others, too, can see that we are living through a fundamental convulsion of the global The post Gold forecasting Trumpian “dystopia”? appeared first on MacroBusiness. |
MacroBusiness
Thursday, April 18, 2024 - 13:30
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Rex Patrick has dug into how Pistol Pete Dutton reached his nuclear conclusions. In September 2020, the Morrison Government released a Low Emissions Technology Statement that placed Small Modular Reactors (SMR) on a list of watching brief technologies. SMR developments were to be monitored to see if they might play a part in Australia’s energy The post Pistol Pete shoots nuclear from the hip appeared first on MacroBusiness. |
Australia falls out of global top 10 solar countries, risks losing spot in leading PV research group |
MacroBusiness
Thursday, April 18, 2024 - 13:00
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The inaugural chair of the Productivity Commission, Gary Banks, has joined the pile-on against the Albanese government’s “Future Made” subsidies for low-emissions manufacturing. In a speech to the Centre for Independent Studies (CIS), Banks described the subsidies as a “fool’s errand” that would embed waste and lower the nation’s productivity: “Seeking to obtain benefits to |
MacroBusiness
Thursday, April 18, 2024 - 12:30
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Statistics Canada released the consumer price index (CPI) for the March quarter. The CPI rose 2.9% year-over-year in March, up from a 2.8% gain in February. Excluding gasoline prices, CPI slowed to a 2.8% year-over-year increase, down from a 2.9% gain in February. The below chart from Justin Fabo at Antipodean Macro compares Canada’s core The post Bank of Canada to cut rates first? appeared first on MacroBusiness. |
MacroBusiness
Thursday, April 18, 2024 - 12:05
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Join us in this week’s investment podcast as Nucleus Wealth’s Chief Investment Officer Damien Klassen dissects the war, its effect on the oil price, and the oil price’s effect on inflation. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, The post MB Fund Podcast: War, Oil and Inflation appeared first on MacroBusiness. |
MacroBusiness
Thursday, April 18, 2024 - 12:00
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Big. Ironically. Morgan Stanley with the report. Our base case = $105bn global obesity market in 2030 Extrapolating the strong early dynamics in the US and the initial demand in Europe (focusing on the roll-outs in Denmark, Norway and Iceland, where supply was not constrained), we now project the global obesity market to reach $105bn The post How big is Peak Fat? appeared first on MacroBusiness. |
MacroBusiness
Thursday, April 18, 2024 - 11:53
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The Australian Bureau of Statistics (ABS) has released labour market data for March, which shows that the nation’s unemployment rate rose by 0.1% to 3.8% following a 6.,600 contraction in the number of jobs: The result beat analysts’ expectations of a 3.9% rate. The underemployment rate also fell by 0.1% over the month to 6.5%, The post Australia’s unemployment charade continues appeared first on MacroBusiness. |
The Australian Independent Media Network
Thursday, April 18, 2024 - 11:51
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UNSW Media Release Australia’s rising cost of living is squeezing household budgets, and with high fuel prices and public transport costs increasing, many Australians face the reality that the expense of commuting to work may no longer be financially sustainable. The Australian Commute report showed that the average daily cost for an Australian to get to and… The post Can you afford to travel to work? appeared first on The AIM Network. |
The Australian Independent Media Network
Thursday, April 18, 2024 - 11:35
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By James Moore The only feature not mentioned was drool. On his second day in court, charged with multiple felonies, the putative leader of the free world once more fell asleep. The man who has called the current president, “Sleepy Joe Biden,” cannot keep his eyes open in the midst of a trial that may… The post A Ghost in the Machine appeared first on The AIM Network. |
MacroBusiness
Thursday, April 18, 2024 - 11:30
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The latest housing construction data from the Australian Bureau of Statistics (ABS) is a disaster. Only 37,200 homes commenced in the December quarter in trend terms, the worst quarterly result since June 2012. This gives an annual run rate of 148,800, around 91,000 below the Albanese government’s construction target of 240,000 homes annually. Dwelling approvals The post HIA sounds housing alarm appeared first on MacroBusiness. |
Australia’s stronger environmental laws just got indefinitely deferred. We have a cart, but no horse |
Renew Economy
Thursday, April 18, 2024 - 10:41
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Renew Economy
Thursday, April 18, 2024 - 10:39
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Renew Economy
Thursday, April 18, 2024 - 10:35
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MacroBusiness
Thursday, April 18, 2024 - 10:30
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Go Straya: Chemicals major Qenos has called in voluntary administrators after its former Chinese owners sold the company to property developer Logos. The plastics maker runs plants in Victoria and NSW, and on Wednesday appointed McGrathNicol as voluntary administrators. I’m not sure who will want to live there. The Qenos factory site is putrid: But The post Can’t make plastic, can make people appeared first on MacroBusiness. |
MacroBusiness
Thursday, April 18, 2024 - 10:18
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The trade war is back: The new tariffs Biden is pushing — meant to shore up the American steel sector and court its workers — would impose 25% levies on certain Chinese steel and aluminum products. They would be applied as part of an ongoing review, while the US also launches a formal probe into The post US steel tariffs another blow to iron ore appeared first on MacroBusiness. |
Your Democracy
Thursday, April 18, 2024 - 10:12
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Israel planned to retaliate against Iran immediately following Tehran’s drone and missile attack on Saturday, but Prime Minister Benjamin Netanyahu decided to hold off after speaking with US President Joe Biden, Israeli media have reported. According to the public broadcaster Kan, the war cabinet in West Jerusalem had already approved a range of responses – depending on the scope of the Iranian attack – that would have taken place as early as Sunday. |
xkcd.com
Thursday, April 18, 2024 - 10:00
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Cheeseburger Gothic
Thursday, April 18, 2024 - 09:31
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MacroBusiness
Thursday, April 18, 2024 - 09:30
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The latest on the correction from The Market Ear. Fear vs SPX Lot of fear across various indicators, but things haven’t really spilled over to equities…yet. Macromicro Retail not panicking Morgan Stanley on Retail action for the sell-off Monday: “In terms of flow, MS QDS team notes that retail is pulling back a little on The post Not enough panic…yet appeared first on MacroBusiness. |
The Tally Room
Thursday, April 18, 2024 - 09:30
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It’s no surprise that the informal rate increased at the recent Tasmanian state election, but I wanted to explore how high the rate went, and what might explain it. Tasmania has a rule that voters must number as many boxes as there are seats to be filled. That was seven up until 1996, five from 1998 until 2021, and then seven again this year. |
MacroBusiness
Thursday, April 18, 2024 - 09:00
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The USD finally moved lower after a week of strength on the back of war jitters across the Middle East, but Wall Street still fell back as Fedspeak overnight again highlighted inflationary fears. Asian stock markets are likely to start in the red again today because of the risk off mood with the Australian dollar The post Macro Morning appeared first on MacroBusiness. |
Renew Economy
Thursday, April 18, 2024 - 08:43
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Renew Economy
Thursday, April 18, 2024 - 08:42
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MacroBusiness
Thursday, April 18, 2024 - 08:30
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Justin Fabo from Antipodean Macro published the below chart showing that labour shortages are rapidly easing across Australia: Low-skilled positions, in particular, have become much easier to find, with the share of employers reporting recruitment difficulties falling to pre-pandemic levels. The data makes sense in light of the record surge in international students, with the The post Australia awash with low-skilled workers appeared first on MacroBusiness. |