Proponents of high immigration claim that it is necessary to alleviate purported labour shortages. The argument was always spurious: Australia has run one of the largest migration programs in the world this century, yet has suffered from persistent labour shortages: In effect, Australia has played a game of migration ‘whack-a-mole’ – it has imported migrants
Yes, you read that right; the Australian gas price continues to crash. Electricity demand is down sharply year on year, which accounts for some of it. With gas prices crashing, power prices are flatlined. However, the Asian price for gas is still about $22Gj, so there is a lot more going on than favourable weather.
The post Mysterious Aussie gas price crash continues appeared first on MacroBusiness.
AS EUROPE GAS SUPPLIES HAVE COLLAPSED, THE TRUMP WRECKING BALL HAS ALREADY AFFECTED THE PANAMA CANAL AND THE SUPPLY IF OIL IN THE MIDDLE EAST... SO, HANG ON TO YOUR SEAT AND PREPARE THE POPCORNS:
https://www.youtube.com/watch?v=HjQUlmBgG4I
Europe's Gas Supply Just Collapsed
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The wage price index for the December quarter from the Australian Bureau of Statistics (ABS) reported that real inflation-adjusted wages fell by around 0.3% in 2025 and were tracking 6% below their Covid-19 ‘bubble’ peak at around late 2011 levels: The Reserve Bank of Australia’s (RBA) forecasts, as laid out in its February Statement of
The post Aussie real wages face heavy falls appeared first on MacroBusiness.
Yesterday, ANZ-Roy Morgan consumer confidence dropped 3.7 points to 73.4 points. At 77.0 points, the four-week moving average decreased by 0.9 points. The four-week moving average increased by 0.3 percentage points to 5.5%, while “weekly inflation expectations” increased by 0.8 percentage points to 6.1%. The last year’s “current financial conditions” dropped by 1.2 points, while the
What levers should the federal government pull amid the latest global oil price shock? There's a strong case for taxing windfall gas profits – as long as we get the policy right.
The post As energy prices surge, a tax on windfall gas profits could be the best way to protect households appeared first on Renew Economy.
Independent senator David Pocock used a February Senate estimates hearing to highlight how lightly Australia taxes offshore gas, pointing out that beer excise now raises more revenue than the Petroleum Resource Rent Tax (PRRT). Pocock asked Treasury officials whether it was “accurate to say that the tax on offshore gas exports — PRRT — is
The ferrous complex continues to trade far above fundamentals amid oil disruptions. Chinese trade was out and sent a clarion signal that there is trouble ahead. Iron ore imports front-ran the year at a record 120mt in January, then cratered in February to 95mt. The two months combined were up 8%, but this looks more
The post Australian dollar blasts off without fuel appeared first on MacroBusiness.
Ben was joined by Intifar Chowdhury and Anthony Zougras to bring the podcast up to speed on South Australian politics before the state election on March 21. They discussed the decline in support for the Liberal Party, the emergence of One Nation, and Peter Malinauskas’ dominance in the state.
According to BCA Research, the United States’ main goal in Iran is more constrained than that of Israel: reducing Iran’s capacity to pose a threat to the area, rather than overthrowing the Iranian government. The US specifically wants to undermine Iran’s navy, dismantle its nuclear and ballistic missile program, and stop supporting regional extremist organisations.
Victorian port pitching to become the first in Australia dedicated to offshore wind farm construction says securing the role could more than double its annual shipping traffic.
Recently on social media platform X (formerly known as Twitter) there was a table detailing population growth for various developed economies since 2000, based on the numbers from the OECD database. Of the nations assessed, Canada had the strongest relative population growth between 2000 and 2024, expanding by 34.6%. This got me thinking: where would
'SHOW SOME GUTS': Trump Begs Ships To Cross Strait Of Hormuz...
The cheer squad at FOX NEWS approves of Donald Trump's dump...
https://www.youtube.com/watch?v=HUIsbW71jyc
The number of projects in Queensland's planning limbo now totals six after the state LNP government officially called in another standalone big battery project.