Your Democracy
Friday, April 12, 2024 - 05:21
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The major obstacle to lobbying reform is that for members of parliament, their staff and senior officials, lobbying provides a very lucrative income when they leave parliament, the military or the public service. So they refuse to act on the lobbying scourge.
The lobbying scourge By John Menadue
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Your Democracy
Friday, April 12, 2024 - 04:17
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Russia will outgun Ukraine 10 to one in weeks if the US fails to approve the additional funding for military aid that has stalled in Congress, the commander of US forces in Europe warned today. |
MacroBusiness
Friday, April 12, 2024 - 00:05
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Last week, the Australian Bureau of Statistics (ABS) released data showing that only 12,400 homes were approved for construction in trend terms in February, the lowest monthly reading since April 2012. On that run rate, Australia would only build 149,000 homes a year, 91,000 below the Albanese government’s construction target of 240,000 homes a year. Data The post Construction collapse crushes Albo’s housing target appeared first on MacroBusiness. |
Your Democracy
Thursday, April 11, 2024 - 18:44
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MacroBusiness
Thursday, April 11, 2024 - 16:30
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A very mixed trading session across stock markets in Asia today due to the fallout of the overnight US CPI print which came in much hotter than expected which spiked the USD but more importantly is seeing bond markets selloff across the world. The Australian dollar went down over 100 pips overnight to the 65 The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Thursday, April 11, 2024 - 15:41
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Renew Economy
Thursday, April 11, 2024 - 15:17
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Renew Economy
Thursday, April 11, 2024 - 15:07
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Renew Economy
Thursday, April 11, 2024 - 14:16
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MacroBusiness
Thursday, April 11, 2024 - 14:00
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The dreams and delusions of the iMSM: Growth industries will gain federal aid in a Labor plan to unveil budget help for key sectors like clean energy, batteries and critical minerals in a bid to define the economic agenda at the next election by pledging financial support for thousands of new jobs. Prime Minister Anthony The post Albo: We’ll make solar panels instead of coal appeared first on MacroBusiness. |
The Australian Independent Media Network
Thursday, April 11, 2024 - 13:55
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Climate Council Media Release THE CLIMATE COUNCIL celebrates today’s announcement that the Future Made In Australia Act is soon to roll off the Federal Government’s policy production line. Climate Council CEO Amanda McKenzie said: “This is exactly the sort of leadership Australia needs to tackle climate pollution, generate clean jobs, and ensure a brighter future… The post Seizing a Future Made in Australia appeared first on The AIM Network. |
MacroBusiness
Thursday, April 11, 2024 - 13:30
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Prime Minister Anthony Albanese last week spruiked that Labor has created about 790,000 new jobs since it won the May 2022 election. This is an average of 1,220 jobs per day, which Labor says is the highest of any government. However, shadow treasurer Angus Taylor contends that the growth in jobs merely reflects that Australia’s The post Albo boasts jobs for migrants appeared first on MacroBusiness. |
Renew Economy
Thursday, April 11, 2024 - 13:17
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Renew Economy
Thursday, April 11, 2024 - 13:17
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MacroBusiness
Thursday, April 11, 2024 - 13:00
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Data from the Australian Securities & Investments Commission (ASIC) shows that 502 businesses in the retail sector have gone into administration so far in 2023-24, compared with just 193 during the same period in 2021-22. Factors such as the cost-of-living crisis and high mortgage interest rates are weighing on consumer spending, with smaller retailers bearing |
MacroBusiness
Thursday, April 11, 2024 - 12:30
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Domain has released its Rental Report for March, which delivered more bad news for tenants. Australia’s rental market experienced a resurgence in rental growth in the first quarter of 2024, resulting in new record asking rents. Combined capital city house rents rose 5% (or $30) during the quarter, the largest quarterly increase in 17 years The post Australia’s rental market hits “tipping point” appeared first on MacroBusiness. |
Renew Economy
Thursday, April 11, 2024 - 12:13
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MacroBusiness
Thursday, April 11, 2024 - 12:05
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Hold onto your seats, folks! Instead of our usual live podcast, we’re rolling out a jaw-dropping replay of ‘Revolutionary Investment Opportunities’! Dive into this episode and unlock the secrets to game-changing investments that could reshape your financial landscape! Don’t miss this golden opportunity to elevate your investment game! Get ready to dive into the future |
MacroBusiness
Thursday, April 11, 2024 - 12:00
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If you think Australia’s 2.5% population growth is insane, spare a thought for Canada and New Zealand, which currently have us beat: After deliberately engineering massive post-pandemic rebounds, politicians in both countries recognise that it was a mistake and are now attempting to close the gate after the immigration horse has already bolted. With Canada’s |
MacroBusiness
Thursday, April 11, 2024 - 11:30
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The International Monetary Fund (IMF) has released new research on the effects of monetary policy on housing markets. The IMF concluded that Australians are more sensitive to changes in interest rates than almost any other consumers globally. It stated that Australia’s sensitivity to rate rises was due to its high level of household debt, slack The post Rate rises hit Australians harder: IMF appeared first on MacroBusiness. |
Renew Economy
Thursday, April 11, 2024 - 11:29
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MacroBusiness
Thursday, April 11, 2024 - 11:00
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Fed rate cuts got savagely repriced after the hot CPI. June cuts are gone and we are down to just 1.5% of cuts in 2024: For the first time in ages, this is now similar to rate futures in Australia: Negative yield spreads to US are blowing out: Australian disinflation is surpassing the US in The post RBA to cut before Fed appeared first on MacroBusiness. |
Your Democracy
Thursday, April 11, 2024 - 10:58
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Julian Assange has been metaphorically nailed to the cross for the crime of journalism. After slaughtering 14 children overnight Israel killed several more on Eid day, including six of the family of Hamas leader Ismail Haniyeh The long Calvary of Julian Assange may be coming to an end https://www.youtube.com/watch?v=I5e-0OpA6gA
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MacroBusiness
Thursday, April 11, 2024 - 10:30
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On Monday, Seek released data showing that the number of applicants per job ad is running around 60% above pre-pandemic levels, pointing to much higher unemployment: Justin Fabo from Antipodean Macro has created another version of the above chart, which plots Seek’s applicants per job ad data against the number of unemployed: As you can The post More bad omens for Australian unemployment and wages appeared first on MacroBusiness. |
MacroBusiness
Thursday, April 11, 2024 - 10:00
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The Market Ear on when robots panic. So close Stocks are trading on the weaker side and we are very close to some very important levels. Just a few points lower CTAs will for the first time this year start selling in size. Furthermore, we are now not that far off in bonds from the The post When robots panic appeared first on MacroBusiness. |
The Australian Independent Media Network
Thursday, April 11, 2024 - 09:39
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with Stephen Charles AO KC The dire state of truth in Australia’s civic space crystalised in 2023. We had seen the waning influence of News Corp’s impact on our elections and assumed it meant that enough of us were becoming inoculated against the propaganda. The defeat of the notoriously mendacious Coalition government might have signalled… The post The Meanjin essay: The Voice and Australia’s democracy crisis appeared first on The AIM Network. |
Renew Economy
Thursday, April 11, 2024 - 09:39
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MacroBusiness
Thursday, April 11, 2024 - 09:30
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Rebar futures firmed a little but SGX fell marginally: Dalian likewise: There’s not much to drive this on as still-ruined steel margins get wrecked by the dirt price rebound, and steel demand wilts. BofA: There’s plenty of iron ore in China: Plenty everywhere: And a lot more coming: Given the coming Chinese completions cliff in The post Iron ore rocket flames out appeared first on MacroBusiness. |
The Tally Room
Thursday, April 11, 2024 - 09:30
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I have been spending the last few weeks adding a bunch of extra data to the Tally Room data repository, This repository contains tidy data for state and local elections that I have found useful for my data analysis. Often this data is published in a less tidy format, and some bits of information can actually be hard to find online (such as lists of polling place addresses along with geocoding, which is necessary for mapping). I’ve also included results of federal by-elections and pre-2023 referendums. |
MacroBusiness
Thursday, April 11, 2024 - 09:00
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Wall Street tumbled and the USD soared back to strength on the back of a way too hot CPI print overnight, pushing the risk complex into dangerous territory. With the inflation genie nowhere near back in the bottle, bond yields spiked and the USD pushed all the undollars over, including gold which had been robust The post Macro Morning appeared first on MacroBusiness. |