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Oz Blog News Commentary
The Tally Room Friday, February 16, 2024 - 09:42 Source

We’ve known it’s coming for about four years, but the Victorian government has finally implemented the final stage of legislation first passed in 2020, imposing single-member wards on all but one council across Melbourne along with many regional councils.

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MacroBusiness Friday, February 16, 2024 - 09:30 Source

The Market Ear does both. First, bubble. 3rd spot secured The day after surpassing the market value of Amazon, the chip giant has now overtaken Alphabet as well. Bloomberg NVDA coming for the number 1 spot 1. NVDA would need to hit ~$1,150 to surpass Apple in market cap. 2. It would need to hit

The post Is it bubble or is it bust? appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, February 16, 2024 - 09:11 Source

Before you wish congratulations to Anthony and Jodie on their engagement, let me alert you to the fact that it’s only a distraction! I know this because I’ve been reading people’s comments on social media. Apparently a number of people who were concerned about taxpayers being charged for Jodie Haydon’s travel on the grounds that…

The post Labor’s Problem With Renewables, Reneging and Reading appeared first on The AIM Network.

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MacroBusiness Friday, February 16, 2024 - 09:00 Source

While the UK and Japan slip into recession its full steam ahead on Wall Street with a lower USD providing relief. Stocks in Europe rose as well with the latest retail sales data coming in softer than expected in the US alongside lower GDP estimates. The USD fell back to its start of week position

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, February 16, 2024 - 08:30 Source

How do we survive as a nation with an iMSM that is so suicidally dumb? Origin Energy boss Frank Calabria says the energy giant’s only power station in Victoria, a gas-fired peaking plant, is running at full capacity to help stabilise the grid as thousands of the company’s customers remain without power. “We have a

The post There is no end to Australian energy stupidity appeared first on MacroBusiness.

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MacroBusiness Friday, February 16, 2024 - 08:00 Source

We have raised a generation of hate haters. This is not healthy. Feeling intense dislike for something worthy of intense dislike is essential to the human condition and, more importantly, healthy living. Living without hate is living without love. One cannot be cut off, and the other be intact. Take, for example, my hatred of

The post I come in praise of hate appeared first on MacroBusiness.

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Your Democracy Friday, February 16, 2024 - 06:58 Source

Wednesday, February 14, turned out to be an unanticipated Happy Valentine’s Day for Julian Assange supporters. The Australian House of Representatives passed a motion introduced by Tasmanian Independent, Andrew Wilkie on behalf of the Parliamentary Friends of Julian Assange, urging the US and the UK to bring their prosecution of Julian Assange to a close, and allow him to return to his family and home in Australia.

 

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Your Democracy Friday, February 16, 2024 - 06:48 Source

 

Russia isn’t the top security concern for residents of the countries in the G7 club of the top Western economies anymore, a study by the Munich Security Conference (MSC), one of the world’s leading forums on security issues, has revealed.

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MacroBusiness Friday, February 16, 2024 - 00:05 Source

Markets and economists have a tendency to look backwards and on the bright side. This is usually a good idea. An economy is not an easy thing to knock off course.  But sometimes it happens. Today is one of those times.  The RBA hiked in November and the economy hit a brick wall in both

The post Wake up! The Aussie economy has come to a screetching halt appeared first on MacroBusiness.

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MacroBusiness Friday, February 16, 2024 - 00:05 Source

Thursday’s labour force release for January from the Australian Bureau of Statistics (ABS) has cast doubt on the Reserve Bank of Australia’s (RBA) latest forecast that the nation’s unemployment rate would end 2024 at 4.3%. To recap, Australia’s unemployment rate rose to 4.1% in January with only 5000 jobs created over the month. The bigger

The post Stalling jobs market to rain interest rate cuts appeared first on MacroBusiness.

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Renew Economy Thursday, February 15, 2024 - 22:22 Source
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Your Democracy Thursday, February 15, 2024 - 22:08 Source

Дорогой Владимир,В нескольких интервью, которые вы дали в последнее время, вы упомянули Джулиана Ассанжа и Эвана Гершковича. Джулиан Ассанж — герой, разоблачающий проделки Американской Империи через собственные документы Империи. По мнению американцев, Эван Гершкович не виновен в шпионаже, как его обвиняют в России.Одна из трагедий наших человеческих слабостей — это интерпретация вины в обоих случаях, к которой не следует относиться с садизмом, как в случае с Джулианом. Он томится в английской тюрьме, и, судя по всему, ему дается только один час в день вне своей голой камеры.

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John Quiggin Thursday, February 15, 2024 - 17:36 Source

Over the last few years, the Australian and UK Labor/Labour[1] parties, have followed strikingly parallel paths.

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MacroBusiness Thursday, February 15, 2024 - 17:29 Source

‘The spot for a city’ Dora Wilson, 1930s, National Gallery of Victoria     AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225   Easy Listening    

The post Macro Afternoon: 15 February 2024 appeared first on MacroBusiness.

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The Tally Room Thursday, February 15, 2024 - 16:39 Source

I have focused my analysis of the upcoming Queensland council elections on the City of Brisbane for a number of reasons. It is the most populous council in Australia, but it also has elections that are strongly partisan, with Labor, the LNP and the Greens running in every ward and holding all but one ward.

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Renew Economy Thursday, February 15, 2024 - 15:13 Source
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Renew Economy Thursday, February 15, 2024 - 15:03 Source
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MacroBusiness Thursday, February 15, 2024 - 14:00 Source

CoreLogic has released its final auction results for last weekend, with clearances rising in the face of increasing volumes across the major cities. The final national clearance rate was 70.3% last weekend, the highest since the week ending 4 June 2023 (73.1%). The prior weekend had a clearance rate of 68.3%, while this time last

The post Auction market starts year with a BOOM! appeared first on MacroBusiness.

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MacroBusiness Thursday, February 15, 2024 - 13:30 Source

‘Tis relentless and has a very long way to run. Morgan Stanley with more. Major Deterioration in 4Q23 Earnings Pre-AnnouncementsOur China Equity Strategy team’s quarterly tracker of earnings pre-announcements showed that 4Q23 earnings alerts have deteriorated sharply. As of February 5, 34% of MSCI China companies issued alerts, and the pre-announcements (by number of companies)

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Renew Economy Thursday, February 15, 2024 - 13:00 Source
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MacroBusiness Thursday, February 15, 2024 - 13:00 Source

Australia’s former universities turned Third World corporate parasites are pulling sharp u-turn: Universities and private colleges have cancelled scores of international student enrolment offers as institutions rush to protect their risk ratings following the federal government’s visa crackdown. Some education providers believe they’re being unfairly impacted by the government’s migration reforms which aim to slash

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Renew Economy Thursday, February 15, 2024 - 12:52 Source
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MacroBusiness Thursday, February 15, 2024 - 12:30 Source

February has turned out to be another shocker for Australia’s home-building industry, which faces an uphill battle supplying homes for Australia’s ballooning population. Only 162,200 dwellings were approved for construction in the 2023 calendar year. This was the lowest annual result since March 2013, below the historical average, and some 78,000 lower than the Albanese

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MacroBusiness Thursday, February 15, 2024 - 12:05 Source

Interest rates are higher than they have been for years and income investors are reveling in the higher yields. But, inflation is crashing around the global and interest rates are likely to follow. How do you protect your portfolios from falling interest rates? Tune in to this week’s podcast as Nucleus Wealth’s Chief Investment Officer,

The post MB Fund Podcast: Income Investors Beware! appeared first on MacroBusiness.

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MacroBusiness Thursday, February 15, 2024 - 12:00 Source

Chicken Chamlers is at it again. This time on the WA GST deal: At $US128 a tonne, WA’s share of GST would have stayed around the 30¢ per person mark. But as Morrison’s plan meant its share had to increase, billions and billions more had to be tumbled into the GST pot to ensure all

The post Comet to destroy Australia. Chicken Chalmers calls inquiry appeared first on MacroBusiness.

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Renew Economy Thursday, February 15, 2024 - 11:58 Source
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MacroBusiness Thursday, February 15, 2024 - 11:32 Source

Fresh from the ABS. In seasonally adjusted terms, in January 2024: unemployment rate increased to 4.1%. participation rate remained at 66.8%. employment increased to 14,201,300. employment to population ratio decreased to 64.1%. underemployment rate increased to 6.6%. monthly hours worked decreased to 1,871 million. full-time employment increased by 11,100 to 9,797,800 people. part-time employment decreased by 10,600 to 4,403,500

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Cheeseburger Gothic Thursday, February 15, 2024 - 11:05 Source

I get a lot of pleasure from sending out free stuff, but occasionally, I like to put another layer of gold plating on the ol’ hovercraft, so I release an actual book. Today is one of those days.

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The Tally Room Thursday, February 15, 2024 - 11:00 Source

Nominations closed on Tuesday for the two Queensland state by-elections and the Queensland council elections, all to be held on March 16. I have now updated my candidate lists for my Brisbane City, Inala and Ipswich West guides.

For this post I’m most interested in the nominations for the City of Brisbane. I have some other thoughts about nominations in other councils which I might return to in coming days.

You can download a full list of Brisbane City candidates here.

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MacroBusiness Thursday, February 15, 2024 - 11:00 Source

The Department of Home Affairs has released temporary visa data for the December quarter of 2023, which shows that net overseas migration remained turbo-charged. The charts below summarise the data and compare visa numbers as of 31 December of each respective year. First, there were 2,763,000 temporary visas on issue as at 31 December 2023,

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