Blogotariat

Tesla and SpaceX CEO Elon Musk has become the world’s first person to reach a net worth of $500 billion, according to Forbes. Musk’s fortune has been boosted recently by a rally in Tesla shares and soaring valuations of his private firms.

Tesla stock jumped nearly 4% on Wednesday, adding $9.3 billion to Musk’s fortune and pushing it to $500.1 billion, according to the Forbes Billionaires List. Musk’s 12% stake in the carmaker is valued at $191 billion.

The pirates of Israeli supremacy: The West’s favorite rogue state has done it againThe assault on an aid flotilla headed for Gaza broke all kinds of laws, but then again, laws have never stopped Israel

The long-expected if perfectly criminal has happened again: Israel’s navy has intercepted the Gaza-bound Sumud Flotilla by force, stopping almost 50 boats and, in effect, kidnapping hundreds of their crews and passengers.

Alongside the genocide, the Israeli government is destroying the ecosystems of Gaza, perhaps permanently.

By George Monbiot, published in the Guardian 27th September 2025

A landless people and a peopleless land: these, it appears, are the aims of the Israeli government in Gaza. There are two means by which they are achieved. The first is the mass killing and expulsion of the Palestinians. The second is rendering the land uninhabitable. Alongside the crime of genocide, another great horror unfolds: ecocide.

I enjoy flicking through Substack Notes of a morning, looking for an essay I might enjoy. Occasionally I’ll find something like ‘Light Travels at the Highest Possible Velocity’, a Sherman Alexie story I read one Sunday morning in bed which delayed my getting up by an hour.

It’s one of the best things I’ve read this year, and I found it by accident and read it for free.

Thanks Sherm.

Since the ABS started publicly releasing its monthly CPI in late October 2022, it has been a source of controversy and debate. It has been an indicator that has been paid significant heed one month and then absolutely ignored the next, as it no longer produced a result in the desired direction. It has been

The post The Reserve Bank, monthly CPI and rate cuts appeared first on MacroBusiness.

The Albanese government’s fantastical target of building 1.2 million dwellings over five years is centred on delivering a boom in high-rise towers. I have repeatedly warned that state and federal government plans to blanket our cities with high-rise apartments are unrealistic, would not improve Australian housing affordability, and would degrade liveability. The August dwelling approvals

German Chancellor Friedrich Merz is seeking to claw back decision-making power from European Commission President Ursula von der Leyen, Bloomberg reported on Tuesday, citing diplomats familiar with the matter.

Merz, increasingly critical of Brussels, wants Berlin to have greater influence over issues directly affecting EU members, according to one of the sources.

Chris Bowen says energy companies "need to get cracking" to meet renewables targets, and says Queensland LNP government making some "poor decisions"

In this week’s podcast, we are unpacking today’s stretched market valuations—why they’re really concentrated in just a handful of the largest stocks, why small and mid-sized companies may actually be trading below average, and how investors should think about growth versus price. Can’t make it to the live series? Catch up on the content via

The post MB Fund Podcast: Market Looks Expensive? Blame the Giants appeared first on MacroBusiness.

Federal energy and climate minister Chris Bowen on his trip to New York, renewable and emissions targets, and coal closures. Plus: News of the week.

Solar accounted for more than 96 pct of all new generating capacity added in the US in July, with wind and solar accounting for 90 pct of all new capacity in 2025.

US President Donald Trump has suggested that denying him the Nobel Peace Prize would amount to an insult to the United States.

Speaking to top military brass in Quantico, Virginia, on Tuesday, Trump said he has repeatedly been overlooked for the award, even though he believes his record qualifies him.

The president pointed to his latest Middle East peace plan, claiming it was the eighth conflict he has helped resolve in as many months.

Dan Tehan is touting "transportable" nuclear reactors of up to 10 gigawatts as diesel replacement for mine sites. Someone needs to have a quiet word.