Your Democracy
Monday, April 7, 2025 - 20:55
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European stock markets fell on Monday morning, continuing a global selloff triggered by US President Donald Trump’s new tariffs that had already rattled Asian markets. The pan-European Stoxx 600 index, which tracks the leading companies in the region, dropped more than 6% shortly after opening, hitting its lowest level since December 2023. Germany’s DAX tumbled nearly 10%, France’s CAC 40 slid 6.6%, and Italy’s FTSE MIB fell 5.7%. |
George Monbiot
Monday, April 7, 2025 - 20:31
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It’s not disruption that’s being prosecuted in this country. It’s dissent. By George Monbiot, published in the Guardian 3rd April 2025 The faces are different, but it’s the same authoritarianism. Keir Starmer’s team might not look or sound like Donald Trump’s, but its policies on protest and dissent are chillingly similar. So is the reason: coordinated global lobbying by the rich and powerful, fronted by rightwing junktanks. |
Renew Economy
Monday, April 7, 2025 - 18:42
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Renew Economy
Monday, April 7, 2025 - 18:37
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Your Democracy
Monday, April 7, 2025 - 18:26
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SIR KEIR Starmer has urged striking bin workers to start negotiating as tons of rat-ridden rubbish pile up. His challenge came as photos showed a major clean-up was needed to clear a car park in 24 hours in Birmingham. |
Your Democracy
Monday, April 7, 2025 - 16:39
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Emmanuel Macron has been spraying himself with copious amounts of luxury cologne, according to excerpts from a new book about the French president cited in the media. In his book titled ‘The Tragedy of the Elysee: Inside the Hell of Macron’s Five-Year Terms’, Le Parisien journalist Olivier Beaumont claims that the president uses “industrial amounts”amounts of perfume on a daily basis. |
Your Democracy
Monday, April 7, 2025 - 16:31
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Oscar-winning director Oliver Stone has said that the claims that Russia had meddled in the 2016 US presidential election were nothing but lies. |
MacroBusiness
Monday, April 7, 2025 - 16:30
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Well hasn’t this been a fun start to the trading week! A proper bath of blood here on Asian markets after the epic volatility from Friday on Wall Street as it looks like all the 2024 gains will be wiped out as the US at least will enter a bear market. All risk markets are The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Monday, April 7, 2025 - 15:26
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Your Democracy
Monday, April 7, 2025 - 15:18
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Peter Dutton has ditched his plan to force Canberra's public servants to work from the office five days a week after the policy proved unpopular with voters — particularly women — telling Australians "we have listened”... |
Renew Economy
Monday, April 7, 2025 - 15:12
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Cheeseburger Gothic
Monday, April 7, 2025 - 15:07
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I find myself temporarily lonesome in the house for the next two weeks. Jane's down in Sydney for work, and both kids are travelling overseas together. So it’s just me, the dogs, the cats, and all the manfood I can eat. |
MacroBusiness
Monday, April 7, 2025 - 14:00
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Sydney is the ultimate city of housing “haves” and “have-nots,” of housing millionaires and paupers. Examine the following chart of median dwelling values across Australian capital cities, states, and territories. As of March 31, Sydney’s median dwelling price was an astonishing $1,437,000, driven by detached houses worth a stunning $1,437,000. Sydney’s home prices are significantly |
MacroBusiness
Monday, April 7, 2025 - 13:30
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Talk about claptrap. ABC. Peter Dutton has defended waiting till now to promise to bring Darwin Port back under Australian control, rather than acting when the Coalition was in government, because the national security advice has changed since he was defence minister. Both major parties have vowed to end Landbridge’s 99-year lease on the port, The post Cancelling Darwin port lease to save democracy appeared first on MacroBusiness. |
MacroBusiness
Monday, April 7, 2025 - 13:00
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The Fed was nasty on Friday. Jerome Powell. While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected. The same is likely to be true of the economic effects, which will include higher inflation and slower growth. The size and duration of these effects remain uncertain. The post How long is the Fed sidelined? appeared first on MacroBusiness. |
The Tally Room
Monday, April 7, 2025 - 12:59
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Australian politics today is very different to what it was even ten years ago, but the shift in the partisan make-up of the country has been a story decades in the making. For today’s post I’m going to recount and update statistics about how Australia has shifted from a strong two-party system into the fragmented multi-party system we have today. The story of the declining major party vote begins a long time ago, even though for much of this history the House of Representatives remained almost exclusively a contest between Labor and the Coalition parties (Liberal and Country/Nationals). |
MacroBusiness
Monday, April 7, 2025 - 12:30
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God save me from the ABC + Grattan Institute corruption nexus. I have written extensively about how the ABC quotes former gas executive Tony Wood without ever mentioning the Grattan Institute’s huge conflict of interest in its sponsorship from Origin Energy. This has turned the ABC into a near cypher of gas cartel propaganda. But The post ABC+Grattan Institute equals corruption appeared first on MacroBusiness. |
Renew Economy
Monday, April 7, 2025 - 12:08
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MacroBusiness
Monday, April 7, 2025 - 12:00
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Watch credit for the bottom. It will tell you when we are getting to the kind of economic accident that the Trump administration seems to want. Morgan Stanley. This week’s tariff announcements were more hawkish than expectations and raise recession risks, unless met by negotiations in the very near term. We expect no cuts from The post Watch credit for the bottom appeared first on MacroBusiness. |
MacroBusiness
Monday, April 7, 2025 - 11:30
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Of all the commodities, iron ore has so far held up the best post-tariffs. This appears to be a function of the long-established Pavlovian response that economic shocks equal more construction stimulus and iron ore demand in China. But is that the case this time? China has never successfully weathered a recessionary economic shock without The post Iron ore double trouble appeared first on MacroBusiness. |
MacroBusiness
Monday, April 7, 2025 - 11:00
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Albo has gone for household batteries. The Australian. Taxpayers will contribute $4000 for an average household battery installation under a $2.3 billion election commitment by Anthony Albanese, with Labor promising the policy will push electricity prices down for “everyone”. The Prime Minister will on Sunday make a speech in the Brisbane electorate of Griffith and The post Albo batteries save rich from gas cartel appeared first on MacroBusiness. |
MacroBusiness
Monday, April 7, 2025 - 10:30
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Last week, the ABC published the following table showing Australia’s most valuable goods exports: Since Australia doesn’t manufacture much anymore, mining, energy, and agricultural goods comprise virtually all of Australia’s goods exports. All of these exports are produced in regional Australia, not the capital cities. The only services exports of note are education and tourism-related. |
Renew Economy
Monday, April 7, 2025 - 10:21
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Renew Economy
Monday, April 7, 2025 - 10:14
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MacroBusiness
Monday, April 7, 2025 - 10:00
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The panic is on. “Economists” are backflipping on interest rates. Hoocoodanode? The poll found 29 out of 40 economists forecast the cash rate to fall by a quarter of a percentage point to 3.85 per cent in May. ANZ, Barrenjoey, and HSBC brought forward their timing after the US president unveiled aggressive tariffs on trading The post Lunatic RBA to cut 50bps? appeared first on MacroBusiness. |
xkcd.com
Monday, April 7, 2025 - 10:00
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MacroBusiness
Monday, April 7, 2025 - 09:30
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Blood in the streets. The Market Ear. $5 trillion gone The S&P 500 saw its worst two-day plunge since March 2020 in a sellof that slashed over $5 trillion in value. Source: Econovis 2nd worst ever The Nasdaq Composite is now down 19% year-to-date for its 2nd worst start to a year (through 64 trading The post Blood in the streets appeared first on MacroBusiness. |
MacroBusiness
Monday, April 7, 2025 - 09:00
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The bath of blood on risk markets continues to spill over with Wall Street falling 6% across the board on Friday night with more carnage expected here on the open of the new trading week in Asia. The latest US jobs figures came in better than expected but were roundly ignored as everything but the The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Monday, April 7, 2025 - 08:00
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The Federal Chamber of Automotive Industries (FCAI) released new car sales data for March, which revealed that 108,606 new cars were delivered during the month, and a total of 1,206,558 were delivered over the year. Annual new car sales declined by 0.9% over the year, with the market continuing to trend downward since peaking in The post EV sales crash back to earth appeared first on MacroBusiness. |
John Quiggin
Monday, April 7, 2025 - 07:28
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Donald Trump’s announcement of a “Liberation Day”, involving the imposition of tariffs on almost every country in the world, is one of a series of measures which call for an urgent reorientation of Australia’s economic and foreign policy. It is, in effect, a commitment to remove the United States from the global economy, which is seen by Trump as unfair and exploitative of Americans. |