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Oz Blog News Commentary
MacroBusiness Monday, April 28, 2025 - 11:30 Source

The Australian Bureau of Statistics (ABS) released data last week showing that Victorians are paying the highest state and local taxes in the nation. As illustrated in the table below, state and local government taxes were $6,348 per capita in 2023-24, $654 (11.5%) higher than the state and territory average. Victoria has also experienced a

The post Victorians drown in taxes and debt appeared first on MacroBusiness.

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MacroBusiness Monday, April 28, 2025 - 11:00 Source

Electric vehicles (EVs) receive large subsidies in Australia. First, the Fringe Benefits Tax (FBT) exemption for battery EVs and plug-in hybrids (PHEVs) is estimated to cost the federal budget more than $550 million in lost tax revenue each year. However, the FBT exemption for PHEVs expired on April 1, 2025. According to the FBT exemption

The post Stop subsidising private car purchases appeared first on MacroBusiness.

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Your Democracy Monday, April 28, 2025 - 10:43 Source

 

Boris Johnson rages at Donald Trump's 'capitulation' to Russia - 'Putin will attack again'

Boris Johnson says it is time to take the boot off the neck of the Ukrainians and put the squeeze on Vladimir Putin.

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MacroBusiness Monday, April 28, 2025 - 10:30 Source

The ferrous complex continues to struggle. The one hand, the US/China trade freeze is beginning to bite. On the other hand, Beijing is readying more yawnulus. BofA. Politburo meeting pledged to ready emergency plans The Apr Politburo meeting was held on Apr 25. This was the first meeting after theUS tariff hikes that offered high-level

The post Iron ore meat into trade war sandwich appeared first on MacroBusiness.

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Renew Economy Monday, April 28, 2025 - 10:16 Source
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MacroBusiness Monday, April 28, 2025 - 10:00 Source

Opinion polls continue to collapse on Peter Dutton and the Coalition ahead of Saturday’s federal election. The latest YouGov polling has the Coalition’s primary vote plunging to just 31%, down from 33% last week, with Labor’s primary vote rising 0.5% to 33.5%. The result is the lowest-ever primary vote the Coalition has received, according to

The post Dislikeable Dutton sends Coalition to new low appeared first on MacroBusiness.

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xkcd.com Monday, April 28, 2025 - 10:00 Source

It's important to learn the moves that take you into the vortex, but it's best not to study vortex itself too closely. Even grandmasters who have built up a tolerance lose the ability to play for a few hours after studying it.

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MacroBusiness Monday, April 28, 2025 - 09:30 Source

The Market Ear on the bear market bounce. After the bounce After a 15% run, SPX meets trendline resistance with fading breadth, neutral RSI, and no oversold fuel left. Now it gets harder. Now what? The “easy” part of the bounce is over. Now comes a slightly more tricky setup. SPX is up some 15%

The post Stocks party with the child president appeared first on MacroBusiness.

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MacroBusiness Monday, April 28, 2025 - 09:00 Source

Wall Street ended the trading week on a strong note, continuing the rebound from recent lows after more flopping on tariffs from the Trump regime however a weekend Time interview and further comments out of the White House could unsettle markets again. Friday night saw European stocks also lift higher while the USD firmed against

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Monday, April 28, 2025 - 08:08 Source
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Your Democracy Monday, April 28, 2025 - 06:31 Source

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Renew Economy Monday, April 28, 2025 - 06:00 Source
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Your Democracy Monday, April 28, 2025 - 05:50 Source

We still cannot feel confident in predicting the outcome of this 2025 election. But what we can confidently say is that it has been a quite remarkable campaign, shaped by external events in unpredictable ways.

This has been quite a remarkable election campaign whatever the outcome. That stands out. I can trace its unpredictability by looking at my speaking notes since last December on the local Canberra community speaking circuit.

 

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MacroBusiness Monday, April 28, 2025 - 00:05 Source

Earlier this year, Dr Raffaele F. Ciriello, a Senior Lecturer in Business Information Systems at the University of Sydney, claimed corporate elites have hijacked Australian universities. Dr Ciriello’s claims followed a National Tertiary Education Union (NTEU) investigation of 545 council positions at 37 universities, which revealed that members from the Big Four accounting firms and

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Your Democracy Sunday, April 27, 2025 - 18:32 Source

https://www.youtube.com/watch?v=UWddiYK8_uc

Body Language Analysis of Trump and Zelensky's Vatican Meeting

 

I can't stop cracking up my eyes are watering this is so funny. Zelensky's face went from joy and confidence to pure anxiety once the French dude was told to scram....

 

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Your Democracy Sunday, April 27, 2025 - 15:40 Source

As the world watches tariff brinkmanship unfold between the US and China, analysts have cast doubt on the truth of US President Donald Trump's claim in a magazine interview that China's President Xi Jinping called him.

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Renew Economy Sunday, April 27, 2025 - 15:29 Source
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MacroBusiness Sunday, April 27, 2025 - 12:14 Source

After bouncing following February’s 0.25% interest rate cut from the Reserve Bank of Australia (RBA), momentum in Australia’s housing market has stalled. The Easter long weekend recorded the softest final auction clearance rate since January, with only 57.6% of auctions selling across the combined capital cities. This weekend’s results softened further, recording a preliminary clearance

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Your Democracy Sunday, April 27, 2025 - 10:21 Source

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MacroBusiness Sunday, April 27, 2025 - 07:47 Source

DXY is up some more. EUR down. AUD looks like it’s sitting on resistance turned support. Led boots stuck fast. Gold and oil pulling back. Metals flaming out. Miners too. EM yawn. Junk has nearly priced out recession. Bad idea! Yields down. Stocks up. The base case is a reversal of risk before long and

The post Australian dollar pain to turn agony for investors appeared first on MacroBusiness.

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Your Democracy Sunday, April 27, 2025 - 07:20 Source

IA's catalogue of major reasons Peter Dutton should never be prime minister – begun a few months ago and updated here by Michelle Pini – is now at 95 big fat whopping reasons.

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Your Democracy Sunday, April 27, 2025 - 06:00 Source

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Your Democracy Sunday, April 27, 2025 - 05:34 Source

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Your Democracy Saturday, April 26, 2025 - 19:55 Source

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New Politics Saturday, April 26, 2025 - 11:31 Source

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Your Democracy Saturday, April 26, 2025 - 07:25 Source

Palestinians do not have the luxury to allow Western moral panic to have its say or impact. Not caving in to this panic is one small, but important, step in building a global Palestine network that is urgently needed.

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Your Democracy Saturday, April 26, 2025 - 07:19 Source

Peter Dutton’s long-awaited military spending plan was supposed to be the Coalition’s chance to shift the election debate onto the former defence minister’s favoured terrain.

Instead, Dutton ran into yet more questions about his preparation for the election contest as he revealed the plan in a hot defence manufacturing factory in Perth on Wednesday, raising further questions over what his own MPs privately describe as a thin and rushed policy agenda.

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Your Democracy Saturday, April 26, 2025 - 06:36 Source

Russian President Vladimir Putin hosted US President Donald Trump’s special envoy, Steve Witkoff, in Moscow on Friday for discussions on the Ukraine conflict and other issues. The talks have proven to be “constructive” and brought the US and Russian positions “closer,” Yury Ushakov, an adviser to the Russian leader on international affairs, has said.

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Your Democracy Saturday, April 26, 2025 - 05:46 Source

The recent visit to South Africa by Ukraine’s Vladimir Zelensky is a diplomatic show for NATO, which has been a destabilizing force around the world, Thato Senabe, leader of the local chapter of the Anti-Fascist International Organization, has said.

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Your Democracy Saturday, April 26, 2025 - 05:25 Source

France and the UK displayed a weakening resolve to put boots on the ground in Ukraine, during recent talks in London, The Times has reported, citing anonymous sources.

Defense chiefs from a number of European NATO states have been debating deploying forces to Ukraine as part of a self-titled “coalition of the willing.”

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