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Your Democracy Friday, November 28, 2025 - 08:00 Source

The Vatican has warned Catholics against polygamy, insisting that real marriage is a lifelong and exclusive union of one man and one woman.

In a new doctrinal note backing monogamy signed by Pope Leo XIV and released on Tuesday, the Vatican rejected both polygamy and polyamory, saying these practices rely on “the illusion that the intensity of the relationship can be found in the succession of faces.”

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MacroBusiness Friday, November 28, 2025 - 07:49 Source

DXY was soft overnight with US markets closed for Turkey Day. AUD firmed. CNY stable. The Japanese bust is contained by the Fed. Commodoties were weak without the Wall St inflation pump. EM stocks OK. Junk OK. Yields OK. Stocks closed. Societe Generale has the rub. The RBNZ inspired a big FX move overnight by

The post Australian dollar “absurdly cheap” appeared first on MacroBusiness.

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Renew Economy Friday, November 28, 2025 - 06:57 Source
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Your Democracy Friday, November 28, 2025 - 06:33 Source

As Palestinians face another winter of displacement and bombardment, Australia celebrates Christmas while ignoring its own obligations under international law. If recognition of Palestine is to mean anything, the government must act – not look away.

 

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Your Democracy Friday, November 28, 2025 - 06:00 Source

Ukraine is running out of men, having lost 47,500 troops in October while mobilizing only 14,000, Russian President Vladimir Putin stressed on Thursday. How do the facts on the ground affect the negotiating process?

"The casualty trends are extremely negative for Kiev," National Defense magazine editor-in-chief Igor Korotchenko tells Sputnik. "But despite these highly unfavorable developments, the Zelensky regime continues the conflict with Western support."

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MacroBusiness Friday, November 28, 2025 - 00:01 Source

This week saw the release of two important housing affordability reports from Cotality and Proptrack. Turning to Cotality’s report first, it showed that the median home price relative to median household income nationally hit a record high of 8.2 in Q3 2025, up from 6.4 five years earlier in Q3 2020. The amount of income

The post The end of affordable housing in Australia appeared first on MacroBusiness.

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Your Democracy Thursday, November 27, 2025 - 19:43 Source

While there is no denying that Europe during the last 500 years was the foundation of Western civilization and led the way in the industrial revolution and scientific advancements, it also created a bloody colonial legacy that produced incalculable human suffering across the globe.

 

Why Europe No Longer Matters

by Larry C. Johnson

 

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Renew Economy Thursday, November 27, 2025 - 17:34 Source
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Renew Economy Thursday, November 27, 2025 - 17:31 Source
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Your Democracy Thursday, November 27, 2025 - 16:45 Source

Political analyst Rostislav Ishchenko explores how trade shapes the rise of states, the crisis of U.S. hegemony, and the birth of a new global order.

 

FRED TURNER, Editor

 

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MacroBusiness Thursday, November 27, 2025 - 16:30 Source

Asian equity markets are generally up with the lack of a lead tonight as Wall Street will be closed for thanksgiving (thanking the AI bubble that is stuffing the stock market turkey that it is). Movement has been more regional as Chinese markets react to the latest and slow industrial production numbers while locally capex

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, November 27, 2025 - 15:39 Source
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Renew Economy Thursday, November 27, 2025 - 15:01 Source
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Renew Economy Thursday, November 27, 2025 - 14:46 Source
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Renew Economy Thursday, November 27, 2025 - 14:45 Source
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Renew Economy Thursday, November 27, 2025 - 14:43 Source
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Renew Economy Thursday, November 27, 2025 - 14:20 Source
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MacroBusiness Thursday, November 27, 2025 - 14:00 Source

Undoubtedly, the deterioration in quality has been obvious for years in eastern metropolitan dailies and continues. However, it is important to note that the drivers of the decline have changed marginally. A few months ago, the parent company of the papers sold Domain to the American Costar Group. This raises the question of why Nine

The post Media profits would be much higher with no immigration appeared first on MacroBusiness.

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MacroBusiness Thursday, November 27, 2025 - 13:30 Source

Just how corrupt is Albo? Everybody wants him to crush the gas cartel: 80% of Australians, all of industry and most miners, even the gas cartel itself. Now, farmers. Santos’s blighted Narrabri gas project is facing a new hurdle, with the country’s largest state farming body threatening legal action in a bid to force the state and

The post The gas cartel IS the cost of living shock appeared first on MacroBusiness.

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Renew Economy Thursday, November 27, 2025 - 13:15 Source
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MacroBusiness Thursday, November 27, 2025 - 13:00 Source

By Stephen Saunders The Coalition’s touted policy shifts enable Albanese to sail on with massive immigration, historic rental/housing unaffordability, and steepening power bills. Nominally the Liberal Party mantra is “individual freedom and free enterprise”. With immigration, housing, energy, employment, “United Nations” Labor is interventionist, dirigiste, statist. Donning that Joy Division T-shirt, former student-activist Albanese leads

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MacroBusiness Thursday, November 27, 2025 - 12:30 Source

TechnologyOne boss Ed Chung has rejected claims that restrictive council planning red tape is the source of Australia’s structural housing shortage and crisis. TechnologyOne supplies software to a vast majority of Australian local governments, and Chung argues that councils are being “unfairly targeted” as the primary roadblock to housing supply. “I think local government is

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MacroBusiness Thursday, November 27, 2025 - 12:05 Source

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, is joined by Leith Van Onselen to break down the Pacific’s growing inflation divide—why the U.S. Federal Reserve is edging toward cuts while the Reserve Bank of Australia is holding firm, what’s really driving the split beneath the headline CPI numbers, and what this

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MacroBusiness Thursday, November 27, 2025 - 12:00 Source

The Australian Financial Review recently reported that the cost of the NDIS continues to escalate. According to the latest data, the cost growth in NDIS plans was 9.5% year-on-year in the September quarter, with expense growth up by 10.1%. Examining these numbers clearly warranted a closer look at the system’s participant growth. Since the end

The post NDIS blow out saves the economy appeared first on MacroBusiness.

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Your Democracy Thursday, November 27, 2025 - 11:46 Source

HOPE IS AN IMPERSONAL HEROE…..

Who tries to defy net zero

contrarily to RATIONEMACY

Forgetting SAPIENTIAMACY

And abandoning IUSTUMACY

The eternal rose on my desk

Could appear as grotesque

Being made of fine Chinese silk

Like so many fakes of her ilk

Contemplating alternative to DUMBOCRACY

There’s no answers in the aequus of MAGICRACY

Sprinkling dust into our naive eyes

As we see pies in the stormy skies

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MacroBusiness Thursday, November 27, 2025 - 11:30 Source

The Australian Youth Barometer 2025, produced by Monash University’s Centre for Youth Policy and Education Practice (CYPEP), is the fifth annual study of young Australians aged 18–24. It combines surveys (527 participants), interviews, and existing national data to explore youth experiences across economy, work, education, health, relationships, and civic participation This year’s survey paints a

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Renew Economy Thursday, November 27, 2025 - 11:10 Source
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MacroBusiness Thursday, November 27, 2025 - 11:00 Source

Many will argue that there is no AI bubble. The poster child of the bubble, NVDA, is not running away from profits on valuation. However, bubbles always have a kernel of truth, and that truth distorts underlying economic behaviour. In 1999, it was Cisco profits on routers. Note what happened to profits when the bubble

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

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MacroBusiness Thursday, November 27, 2025 - 10:30 Source

The ferrous complex remains paralysed with iron ore caught in an obvious trading range between $100 and $107. CISA data for mid-November was still bearish, rising slightly but below last year’s levels. Inventory rose commensurately. Yet, hot metal output remains strong. According to an SMM survey, on November 26, the blast furnace operating rate at

The post Iron plays chicken with Beijing appeared first on MacroBusiness.

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MacroBusiness Thursday, November 27, 2025 - 10:00 Source

Getting an early assessment of a new treasurer can be quite unfortunate. Especially for the treasurer. In June 2022, MB warned the newly elected Albanese government that a fateful energy shock was underway, one that would destroy its domestic agenda, while the government took a victory lap around the country. We went so far as

The post Jim Chalmers has destroyed the economy appeared first on MacroBusiness.

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