Blogotariat

The Department of Justice (DOJ) on Thursday upped the reward it’s offering for information that leads to the arrest of Venezuela’s President Nicolás Maduro to $50 million. 

Research by the McKell Institute warns that thousands of manufacturing jobs in Australia are at risk, particularly in regional areas The report claims that China’s “aggressive” industrial subsidisation, now likely exceeding its defence spending, risks shuttering some 73,000 jobs in Australian regions reliant on refining and smelting metals. “In the short-term, China’s geoeconomic strategy is

Asian share markets are having a much better start to the trading week although Japanese markets are closed for yet another holiday as Bitcoin and other crypto currencies are seeing big bids. Yen was relatively steady against USD as expected while Euro is climbing again as the Australian dollar holds firm above the 65 cent

The post Macro Afternoon appeared first on MacroBusiness.

Windlab project in north Queensland spent four years in the EPBC queue, but is back in the queue over its grid infrastructure needs.

NSW is to fast track tenders, and offer more capacity, as it ramps up its wind, solar and storage targets to keep prices down as coal exits the grid.

In most places, debate ultimately yields change. Not in Australia. Here we have fake debate and feasting vested interests. The on-again, off-again debate about negative gearing has been settled for now with Housing Minister Claire O’Neil ruling out any change, a day after Anthony Albanese poured cold water on implementing new tax changes before the

The post Labor will NEVER cut negative gearing appeared first on MacroBusiness.

The Market Ear on equity internals. A zero-sum doughnut “Getting a doughnut” in bonus is what all junior investment bankers fear. Somewhat common in 2002 and 2003 and very common in 2008. Probably very rare in today’s evergreen bull. Separate from bonuses, it was striking to us this Saturday morning when we looked at our

The post When will the AI bubble burst? appeared first on MacroBusiness.

When a government puts public money into century-old smelters, it is not nostalgia. It is a bet that processing capacity in friendly jurisdictions matters as much as mines.

Government-funded jobs have artificially fueled Australia’s jobs boom over the past two years. As illustrated below by Alex Joiner from IFM Investors, around 80% of jobs created over the past two years have been in the non-market sector, which is reliant on government funding. The non-market sector generated around 658,000 jobs between Q1 2023 and

The post Australia’s job boom is over appeared first on MacroBusiness.

Last week, Statistics New Zealand reported that the nation’s unemployment rate rose to 5.2% in Q2 2025, the highest rate since Q4 2016. As illustrated below by Justin Fabo from Antipodean Macro, New Zealand’s underemployment rate also surged, suggesting significant surplus capacity in the labour market. The rise in New Zealand’s labour underutilisation rate comes

In July last year, Stage Three tax cuts delivered the average household $2.200 per annum. These tax cuts have helped support a modest recovery in consumer spending. Perhaps the largest reason why the boost has been so modest, and is falling away fast, is that while the tax cut delivered an incremental gain in income,

The post Gas cartel devours tax and rate cuts appeared first on MacroBusiness.

Australia currently has the highest share of temporary migrants and international students as a percentage of our population in the advanced world. The latest temporary visa data from the Department of Home Affairs shows that there were a record 2,460,000 temporary migrants in Australia (excluding visitors) in Q2 2025. This figure was up a whopping

The post Australia declares open season on visa racketeering appeared first on MacroBusiness.