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Renew Economy Monday, August 11, 2025 - 07:54 Source
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John Quiggin Monday, August 11, 2025 - 07:13 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.

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Your Democracy Monday, August 11, 2025 - 06:21 Source

Donald Trump chose Alaska as the place to hold his meeting with Vladimir Putin for two reasons, argues Tiberio Graziani, chairman at Vision & Global Trends - International Institute for Global Analyses:

To assert his administration’s intent to “enhance the US' role as a diplomatic actor”

 

Putin and Trump May 'Reconfigure the World Order' in Alaska

 

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Your Democracy Monday, August 11, 2025 - 05:55 Source

 

My new report prepared for Friends of the Earth Australia demonstrates that the development of a nuclear-powered, conventionally-armed nuclear submarine fleet entails multiple public health risks and would inevitably suffer from delays and cost-blowouts.

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Your Democracy Monday, August 11, 2025 - 04:44 Source

President Donald Trump and his supporters have turned the US Government into a juggernaut that uses cruel and often immoral and illegal means to amass power and protect and increase the wealth of a select few, notably Trump himself.

 

William Grimm

Too late

 

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Your Democracy Monday, August 11, 2025 - 04:22 Source

Washington is not going to fund Ukraine anymore, US Vice President J.D. Vance told Fox News on Sunday.

Ukraine’s European backers can buy the weapons from American producers if they want to continue supporting Kiev, and the US will be “okay with that,” Vance added. “But we're not going to fund it ourselves anymore,” he said.

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MacroBusiness Monday, August 11, 2025 - 00:01 Source

ANZ has a hilarious cash rate analysis today. It has been, and remains, one of the most hawkish forecasters. We expect a 25bp rate cut from the RBA’s 11–12 August Monetary Policy Board meeting. The ‘no change’ decision in July showed the Board does not see itself as under pressure to cut the cash rate

The post Interest rates to keep on falling! appeared first on MacroBusiness.

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Your Democracy Sunday, August 10, 2025 - 12:15 Source

“It was a coup, and I’m using that term literally … One egregious felony after another.” — Stephen Miller

America is tired of being driven insane, of having absurdities crammed into our collective consciousness. Reality is an agreement about what is going on in the world. That act of faith requires such an agreement be based on what is demonstrably true. Without it, society dissolves into chaos and failure.

 

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MacroBusiness Sunday, August 10, 2025 - 12:00 Source

By Lucinda Jerogin, Associate Economist at CBA It was a quiet week domestically with the ABS Monthly Household Spending Indicator surprised to the downside, rising by 0.5% in June to be 4.8% higher annually. Australia’s goods trade balance printed at $5.4bn in June. Offshore, the BoE cut the bank rate by 25bp to 4.0% as

The post The economic week ahead appeared first on MacroBusiness.

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MacroBusiness Sunday, August 10, 2025 - 10:02 Source

After months of strong results, Australia’s auction market has experienced a loss of momentum alongside a stalling of price growth. Last week’s final auction clearance rate fell to 67.1%, the lowest clearance rate in six weeks. PropTrack also recorded slower price growth over the July quarter: Cotality’s preliminary auction results for this weekend indicate a pause

The post Homebuyers hit pause ahead of RBA rate cuts appeared first on MacroBusiness.

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Your Democracy Sunday, August 10, 2025 - 08:44 Source

A number of European nations have joined Ukraine to present their own “counterproposal” for a resolution of the conflict with Russia, the Wall Street Journal has reported, citing anonymous European officials. The plan was hastily drawn up after US President Donald Trump confirmed that he would be meeting with his Russian counterpart, Vladimir Putin, in Alaska next Friday.

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Your Democracy Sunday, August 10, 2025 - 05:55 Source

“Ladies and gentlemen, welcome to the Canberra Theatre. Patrons are advised that, for tonight’s performance of The Castlethe role of Mr Darryl Kerrigan will be played by Mr Vladimir Putin.”

In the classic 1997 Australian movie, Kerrigan’s case turned on Section 51(xxxi) of the Constitution which provides that the Commonwealth can only acquire property “on just terms”.

 

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Your Democracy Sunday, August 10, 2025 - 04:44 Source

 26-year-old Mariam clutches the cold body of her son to her chest with trembling hands. Mahmoud was only 40 days old. He wasn’t killed by a bomb. He wasn’t shot by soldiers. He died of starvation—slowly, agonizingly, in front of his mother, who couldn’t help him. This happened because the 21st-century neo-Nazi Netanyahu gave a savage order to starve the Palestinians in Gaza to death. Mariam no longer cries. She just sits there, rocking dead Mahmoud as if he were asleep.

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Your Democracy Sunday, August 10, 2025 - 04:22 Source

A recent batch of humanitarian aid airdropped into Gaza landed directly on a camp housing displaced Palestinians, crushing multiple tents, footage circulating online shows. Human rights groups have criticized the high-risk practice, insisting it should only be used as a last resort.

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Your Democracy Saturday, August 9, 2025 - 22:15 Source

Like him, hate him, Otto von Bismarck – Prussian aristocrat, arch conservative, user of German nationalism, maker of wars, and then keeper of the peace – was no dummy. And his ego was Reich-sized. Yet even Bismarck had a grain of humility left. Smart politics, he once remarked, consists of listening for “God’s step” as He walks through “world history,” and then to grab the hem of His mantle.

 

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John Quiggin Saturday, August 9, 2025 - 17:27 Source

I wrote this for the Cleaner Air Collective, who used it as an input to their submission to the Productivity Roundtable

Cleaner Air Submission here

Given the purpose of the exercise, the discussion is framed in terms of productivity though many of the issues are broader

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Your Democracy Saturday, August 9, 2025 - 14:23 Source

The peace deal to settle the Russia-Ukraine conflict would likely involve some exchange of territory between the two nations, US President Donald Trump said on Friday.

The US president made the remarks as he hosted the leaders of Azerbaijan and Armenia at the White House to ink a joint declaration on opening a major transport route between the two ex-Soviet nations that had been locked in a conflict for over three decades. 

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Your Democracy Saturday, August 9, 2025 - 08:29 Source

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Your Democracy Saturday, August 9, 2025 - 06:40 Source

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Your Democracy Saturday, August 9, 2025 - 05:55 Source

Israel’s security cabinet has approved a plan by Prime Minister Benjamin Netanyahu for the military occupation of Gaza City, located in the north of the Palestinian enclave.

“The [Israeli military] will prepare to take control of Gaza City while providing humanitarian aid to the civilian population outside the combat zones,” Netanyahu’s office said in a statement early on Friday announcing the takeover plan.

 

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Your Democracy Saturday, August 9, 2025 - 04:44 Source

 

HOW MUCH WE KNOW IS OFTEN DEPENDENT ON HOW MUCH "THEY" WANT US TO KNOW... "THEY" ARE THE CONTROLLER OF THE "GAME"... THE DEMOCRACY IDEAL IS THUS RIGGED BY WHAT THEY TELL US TO THINK. 

NOT SO STRANGELY, THE EPSTEIN'S CLIENT LIST FILE COULD BE LINKED TO Jeffery Epstein’s funding established Harvard’s Program of Evolutionary Dynamics

 

read more

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MacroBusiness Saturday, August 9, 2025 - 00:05 Source

International Reading: Trump 2.0 is “Hoover 3.0.” GDP growth under Trump 1 was the worst since Hoover. But with tariffs, he’s now beating his own record. – Independent Social Security Predicted to Run Out of Money Sooner Due to Trump Bill – Newsweek Almost 90% Of Americans Are Worried About The Cost Of Groceries –

The post Weekend reading and MB media appearances appeared first on MacroBusiness.

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Your Democracy Friday, August 8, 2025 - 18:25 Source

French Prime Minister Francois Bayrou is urging the public to back his drastic public spending cuts, warning that the country’s debt is growing by €5,000 ($5,784) every second.

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Your Democracy Friday, August 8, 2025 - 18:05 Source

A ballot floats through the air like a mechanical butterfly, delicate in descent, but once it touches ground, everything freezes. The jungle goes mute. The city forgets its language.

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Club Troppo Friday, August 8, 2025 - 16:38 Source

I am about to break my indication that I am unlikely to post again until after Jen’s death.

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MacroBusiness Friday, August 8, 2025 - 16:30 Source

Asian share markets are having a poor final session for the week although Japanese shares are seeing a big bid in response to tariff reversals while the latest BOJ meeting summary was met with appreciation. Yen was relatively steady against USD but other currency pairs continue to push the once mighty King dollar down again

The post Macro Afternoon appeared first on MacroBusiness.

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Club Troppo Friday, August 8, 2025 - 14:53 Source

Troppo readers may be wondering why I haven’t been blogging lately, after making a comeback several months ago after a long absence. The reason is that my wife Jen is in hospital dying from ovarian cancer.

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Renew Economy Friday, August 8, 2025 - 14:52 Source
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MacroBusiness Friday, August 8, 2025 - 14:00 Source

By Stephen Saunders  Despite July’s highly aggressive return-visit from UNFCCC bovver-boy Simon Stiell, the Coalition seems unlikely to seriously challenge Labor’s net zero cult.  Albanese Labor enjoys a masochistic relationship with the pro-China United Nations. Following UN open-borders precepts, massive immigration induces 75-80% of our (unnecessary) population growth. It is nearly as silly as the

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MacroBusiness Friday, August 8, 2025 - 13:30 Source

One of the negative side effects of the Australia-United States Free Trade Agreement (AUSFTA), which took effect in 2005, was that it increased patent and copyright terms, raising the price of drugs and copyrighted products. Thomas Faunce of ANU assessed that AUSFTA “undermined Australia’s PBS” by “allowing the US to alter the basic processes of

The post Hands off the PBS, President Trump appeared first on MacroBusiness.

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