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Oz Blog News Commentary
MacroBusiness Wednesday, June 26, 2024 - 00:05 Source

The “Yes in My Backyard” (YIMBY) movement contends that easing planning regulations and saturating Australia’s cities with high-rise apartments can restore housing affordability. Their argument fails when you consider that Sydney’s and Melbourne’s dwelling compositions have changed rapidly this century amid the substantial increase in unit & apartment construction: As noted by RMIT’s David Hayward

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George Monbiot Tuesday, June 25, 2024 - 23:35 Source

How Britain’s oldest animal welfare charity became a byword for cruelty on an industrial scale.

By George Monbiot, published in the Guardian  18th June 2024

How does it happen? How does an organisation end up doing the opposite of what it was established to do? This month marks the 200th anniversary of the foundation of the Royal Society for the Prevention of Cruelty to Animals: the world’s oldest animal welfare organisation. I wonder what there is to celebrate.

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The Australian Independent Media Network Tuesday, June 25, 2024 - 17:50 Source

“There are three sources of power in Chile: Pinochet, God and DINA.” (Chilean intelligence officer, remarks to a US military attaché, 1974). Decree 521 of the Chilean government of June 18, 1974, was a chilling moment in the country’s convulsed history. With the state now in the pathologically disturbed hands of a military dictatorship steered…

The post DINA: Pinochet’s Directorate for Murder and Torture appeared first on The AIM Network.

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MacroBusiness Tuesday, June 25, 2024 - 17:00 Source

Asian share markets have broadly lifted despite a falling Wall Street overnight with a weaker USD helping local currencies lift, except for Yen which remains hopelessly weak at record lows. The Australian dollar has pushed slightly higher to above the mid 66 cent level with mixed performance on commodity markets. Oil prices are still holding

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Tuesday, June 25, 2024 - 15:52 Source

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The Australian Independent Media Network Tuesday, June 25, 2024 - 14:38 Source

The Triple Conference took place in Albury in March. Conspiracists and hustlers appeared alongside the well-meaning and self-important to inform a small audience of largely white-haired elders about the North Korean conditions overtaking Australia. We are dark in politics and spirit. The “triple” in the name referred to the uniting of three distinct events. The…

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MacroBusiness Tuesday, June 25, 2024 - 14:00 Source

Research undertaken by RBC economists Su-Lin Ong and Robert Thompson, reported in The AFR, has found that Australian households are saving much less than their global peers due to the impact of bracket creep and high mortgage repayments on their disposable income. RBC estimates that households saved just 0.9% of their disposable incomes in the

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MacroBusiness Tuesday, June 25, 2024 - 13:30 Source

Bloomie has salutary story on copper: As copper surged to record highs last month, several senior Chinese traders started trying to contact western hedge fund managers whose names they’d only read in the press. For years, the veteran traders’ privileged insight into their own economy had given them an edge in the copper market, where

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MacroBusiness Tuesday, June 25, 2024 - 13:00 Source

Labor energy policies have done this to the nation: A spokesperson for Aemo said the aim of Thursday’s notice was to signal the market faced elevated risks. Gas storage levels were slightly below those for this time of year compared with 2021 and 2022. Gas pipelines from Queensland were already at full capacity so there

The post Labor is the energy superidiot appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 25, 2024 - 12:30 Source

Viktor Schvets at Macquarie is making more sense. In 1990s, Paul Krugman was advocating that Japan should embark on policies that are “credibly irresponsible; (must only look irresponsible but the world must be convinced that they are to carried out). In his view, this was the only way to shock Japan out of its liquidity

The post China so much worse than Japan appeared first on MacroBusiness.

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