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George Monbiot Wednesday, March 27, 2024 - 19:51 Source

Outside the European Union, the UK is becoming a dumping ground for toxic substances.

By George Monbiot, published in the Guardian 18th March 2024

It’s a benefit of Brexit – but only if you’re a manufacturer or distributor of toxic chemicals. For the rest of us, it’s another load we have to carry on behalf of the shysters and corner-cutters who lobbied for the UK to leave the EU.

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MacroBusiness Wednesday, March 27, 2024 - 17:30 Source

Asian share markets are still in mixed conditions without any large economic catalysts besides the usual macro concerns to push risk sentiment around. Last night’s mixed lead from Wall Street isn’t helping as the USD and bond yields continue their see-saw inversion. The still relatively high USD continues to weigh on the Australian dollar which

The post Macro Afternoon appeared first on MacroBusiness.

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George Monbiot Wednesday, March 27, 2024 - 16:55 Source

The appalling mistreatment of ME/CFS patients continues, based on the myth that it’s all in the mind.

By George Monbiot, published in the Guardian 12th March 2024

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The Australian Independent Media Network Wednesday, March 27, 2024 - 15:33 Source

What is it about British justice that has a certain rankness to it, notably when it comes to dealing with political charges? The record is not good, and the ongoing sadistic carnival that is the prosecution (and persecution) of Julian Assange continues to provide meat for the table. Those supporting the WikiLeaks publisher, who faces…

The post Purgatorial Torments: Assange and the UK High Court appeared first on The AIM Network.

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Renew Economy Wednesday, March 27, 2024 - 15:15 Source
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Renew Economy Wednesday, March 27, 2024 - 14:53 Source
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MacroBusiness Wednesday, March 27, 2024 - 13:30 Source

The annual horse-trading over the minimum wage has commenced. The Australian Chamber of Commerce & Industry (ACCI) wants the Fair Work Commission (FWC) to limit the annual minimum wage rise to no more than 2%. The employers’ group contends that inflation is expected to fall to 3%, productivity is declining and the FWC has overcompensated

The post Chamber of Commerce lowballs on minimum wage appeared first on MacroBusiness.

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Renew Economy Wednesday, March 27, 2024 - 13:09 Source
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Your Democracy Wednesday, March 27, 2024 - 13:00 Source

BREAKING: CBDC Launch Date REVEALED, Prepare!

https://www.youtube.com/watch?v=svQCpShdDZo

 

FREE JULIAN ASSANGE NOW...... astounding......

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MacroBusiness Wednesday, March 27, 2024 - 13:00 Source

The once marvellous Melbourne is today a hellscape of construction, congestion, delay and rage: The populations of Sydney and Melbourne swelled by a record 310,000 in a single year as migrants surged back into inner city areas and student accommodation while many financially pressed Australians moved to outer suburbs. Don’t get me wrong, Hellbourne still

The post Hellbourne clams mantle as most crush loaded city appeared first on MacroBusiness.

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Your Democracy Wednesday, March 27, 2024 - 12:54 Source
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Renew Economy Wednesday, March 27, 2024 - 12:47 Source
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Renew Economy Wednesday, March 27, 2024 - 12:43 Source
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MacroBusiness Wednesday, March 27, 2024 - 12:30 Source

Analysis by the Centre for Independent Studies (CIS) shows people earning more than $224,000 a year were “under-compensated for bracket creep” under both the Coalition’s original stage 3 tax cuts and Labor’s revised version. The CIS findings are at odds with claims that both sets of tax cuts favoured high-income earners. Matthew Taylor from the

The post Bracket creep chews through Stage 3 tax cuts appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 27, 2024 - 12:00 Source

Data released last year by the Reserve Bank of Australia showed that poorer Australians dominate the nation’s rental tenancies: “Nearly 90% of all households in the lowest wealth quintile were renters in 2019/20”, according to the RBA. As we all know, Australian renters have experienced hyper-inflation in housing costs, with median asking rents soaring 38%

The post Australian renters are stressed and depressed appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 27, 2024 - 12:00 Source

MacroBusiness has frequently criticised the politicisation and lack of independence in Australia’s public service. I observed this problem myself in the early to mid-2000s while working at the Australian and the Victorian Treasuries, when governments of both parties were overly eager to outsource policy-making to consultants. In 2003, while working on the Australia-US Free Trade

The post Victoria is a failed state appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 27, 2024 - 11:30 Source

ABS with the report. The monthly CPI indicator rose 3.4% in the 12 months to February. The most significant price rises were Housing (+4.6%), Food and non-alcoholic beverages (+3.6%), Alcohol and tobacco (+6.1%) and Insurance and financial services (+8.4%). The consensus was 3.5%, so this is

The post Aussie monthly inflation appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 27, 2024 - 11:30 Source

ABS with the report. The monthly CPI indicator rose 3.4% in the 12 months to February. The most significant price rises were Housing (+4.6%), Food and non-alcoholic beverages (+3.6%), Alcohol and tobacco (+6.1%) and Insurance and financial services (+8.4%).’ The consensus was 3.5% so a bit soft.  Services and food coming off. Goods firmed a

The post Aussie monthly inflation soft appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 27, 2024 - 11:30 Source

Back in February, the NSW Productivity Commission lamented that excessive housing costs were driving younger residents out of Sydney, resulting in a “brain drain” of 30 to 40 year olds. The NSW Productivity Commission found Sydney lost about 35,000 people aged 30-40 between 2016 and 2021. On Tuesday, the Australian Bureau of Statistics (ABS) released

The post Fed up families flee migrant stuffed Sydney appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 27, 2024 - 11:11 Source

Westpac with the note. The six-month annualised growth rate in the WestpacMelbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, declined to –0.25% in January from–0.01% in December. The Australian economy remains stuck in a below trend growth rut. While the Leading

The post Leading index bogged appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 27, 2024 - 11:00 Source

MB has long argued that most of Australia’s privatisations have delivered anti-competitive outcomes and embedded private monopolies, which has harmed consumers and taxpayers. Our politicians embraced this agenda because it delivered the illusion of lowering taxes and public debt (in the short term) by shifting monopoly ownership from public to private hands. Politicians also made

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