I explained this week how the Albanese government has taken specific actions to bolster the flow of international students into Australia. These actions come as the number of international students and graduates in Australia is tracking at a historically high 3.2% of the nation’s population as at Q3 2025, up from the pre-pandemic peak of
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Ukrainian leader Vladimir Zelensky could fire his influential chief of staff, Andrey Yermak, as a full-scale “riot”unfolds within parliament over a vast corruption scandal that allegedly links Yermak to a roughly $100 million kick-back scheme in the country’s energy sector, according to several media reports and lawmakers.
It’s been three long, very long weeks, but the scaffolding finally came down around the house this morning. It went up so the roofers could get up top and repair some damage I didn’t even know was up there.
Stocks across Asia had mixed sessions today with domestic pressures overriding the bigger macro picture with tensions between China and Japan still boiling over. Most undollars fell back during the session, especially the Kiwi on the poor PPI print while the Australian dollar lost its gains from overnight on the wages data while Bitcoin briefly
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I have argued repeatedly that rising unemployment is the key condition that must be met for the Reserve Bank of Australia (RBA) to deliver another interest rate cut. As illustrated below by Alex Joiner from IFM Investors, the latest Statement of Monetary Policy (SoMP) from the RBA forecasts that the headline unemployment rate will remain
In the first poll after his inauguration, from YouGov, U.S. President Trump held a surprisingly strong level of net approval among Americans aged 18 to 29. Of all the age demographics assessed, 18 to 29, 30 to 44, 45 to 64 and 65+, Trump held his second-highest net approval rating in the 18 to 29
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I bumped into a quote by Frank Zappa on Sunday. It was: “The illusion of freedom will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theatre”1.
The great Chinese property crash is, once again, worsening. It’s another banner year for lost hope. Sentiment disappears. Far-flung cities are the most troubled. Completions are going the way of all flesh. The Chinese consumer is deleveraging. Talk of rebalancing towards consumption at this point is a joke.
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