Blogotariat

A knife attack at the Bondi Junction Westfield shopping centre in Sydney has resulted in the deaths of seven people, including the killer. The dead include four women and one male who died at the shopping centre. The mother of a nine-month old baby subsequently died in hospital. The baby was also stabbed in the attack. The killer, a lone 40-year-old male, known to police, was shot dead by a NSW Police Inspector who was the first police officer to arrive on the scene. Prime Minister Anthony Albanese and Federal Police Commissioner Reece Kershaw held a press conference shortly after 7pm tonight.

6:57 – Just in case there was any doubt, the Liberal Party’s Simon Kennedy has won this by-election.

I will continue to liveblog but I admit I won’t be as diligent as I might be for a more interesting election.

With three booths reporting preference counts, Kennedy is on 73.2%.

6:53 – The AEC is conducting a preference count between Liberal and Greens, but since that count wasn’t conducted in 2022, we can’t do matched swing. Thus we only have the raw figure, not a projected figure. After one booth, Kennedy is on almost 69%.

Shane tees off again.  Shane is pro the Population Ponzi.  Invariably long on rant and short of rationale or data Shane has been the less conspicuous but ever present mainstay of the Ninefax pro Ponzi stable. Let us examine his offering……   Migrants – what are they good for? A lot, actually Shane Wright Senior economics

The post Shane’s nonsensical Ponzi Spruik appeared first on MacroBusiness.

NATO has been sold to the world as some kind of international security agency. How Orwellian can you get? Peace means war, security means chaos and threats, and rules-based order means domination and exploitation.

After watching the five (if I can still count) idiotes on The View talking about the recent solar eclipse, one can hope that Artificial Intelligence is more intelligent than these cackling crapping geese…

By Gareth Aird, head of Australian economics at CBA: Key Points: The transmission of monetary policy in Australia to the household sector and by extension the broader economy is much more direct and potent than in most other major jurisdictions, particularly when compared to the US. A report released by the IMF on 8 April

The post Why Australians are hurt most by higher interest rates appeared first on MacroBusiness.

Nominations have been declared for three Tasmanian Legislative Council elections, with polling day on May 4.

Tasmania’s upper house is never fully dissolved, with two or three of the fifteen electorates up for election each year over a six-year cycle.

A poor trading session across stock markets in Asia to finish the trading week in the red, despite a late bounce on Wall Street overnight. The continued strength of the USD due to the fallout of the recent US hot CPI print is still being felt via spikes in bond yields across the world. The

The post Macro Afternoon appeared first on MacroBusiness.

And then, in a single bound, it was back to small modular reactors. The federal Coalition’s confused nuclear power policy has lurched from SMRs to large scale nuclear and back again to SMRs.

Queensland heads to the polls in October and without bi-partisan support for the state’s existing energy transformation and emission reduction targets, this exciting progress could grind to a halt. 

The latest temporary visa data from the Department of Home Affairs shows that there were a record 713,144 international students in Australia at the end of February 2024: According to the Australian Bureau of Statistics (ABS), higher education providers earned $14.5 billion in tuition fees from international students in 2022-23. Despite the boom, universities are