When Labor was in opposition, then Shadow Treasurer Jim Chalmers was a strong proponent of a wide variety of metrics that are championed by economists as more accurate indicators of economic performance. This earned him respect, even from his rivals, though only behind closed doors. But since coming to power, his focus has often turned
NATO Secretary-General Mark Rutte warned Russia will come for the rest of Europe if its warmongering is not checked now, just moments before Ukraine’s allies gathered to discuss US President Donald Trump’s peace push.
“We need to be crystal clear about the threat,” the military alliance leader said in a speech in Berlin on Thursday. “We are Russia’s next target. And we are already in harm’s way.”
While most people are guilty of some level of hypocrisy, the hypocrisy afoot in today’s world takes some beating. Unfortunately, the worst hypocrites are in power in numerous countries and many, like me, seem relatively impotent in trying to at least highlight this hypocrisy, let alone remedy it.
The Australian Bureau of Statistics (ABS) will release the official population and migration data for the June quarter of 2025 next week. Ahead of the release of this data, the ABS has released various estimates suggesting that population growth has increased. Thursday’s labour force release for November contains estimates of the civilian population aged 15
In the last four years, expectations for the RBA cash rate have been wildly variable. Back in late 2021, the Commonwealth Bank was projecting a peak cash rate of just 1.25% by the end of 2023. While this estimate may seem low now, it was not alone at the time, as many economists and institutions
The post Albanese’ grave interest rate mistake appeared first on MacroBusiness.
Australians experienced one of the world’s largest declines in real per capita household disposable income after the pandemic, reflecting soft nominal wage growth amid high inflation, tax increases, and rising interest payments. Australia’s growth in real per capita household disposable income has also been among the softest in the world over the past decade, according
For the final blog post of 2025, I wanted to look at a question that has come up regularly in the comments, and on psephological websites: how meaningful is the two-party-preferred vote, particularly in “teal” seats where Labor isn’t locally competitive, yet is either winning or coming close to winning the two-party-preferred vote.
A wobbly night on Wall Street due to Oracles earnings but also a “normalised” US initial jobless claims print proving the labour market is soft as the Fed claimed in its rate cut the previous session. While tech stocks pulled back, European shares lifted with futures indicating a boost for Asian markets here on the
The post Macro Morning appeared first on MacroBusiness.
TOON TO COME.....
Australia's nationwide ban on social media accounts for children under the age of 16 took effect on Wednesday.
The country passed the law, that blocks minors from having social media accounts on platforms like TikTok, Instagram, YouTube, Facebook and Reddit, last year.
I reported last week how Chief Executive and Principal Registrar at the Administrative Review Tribunal (ART), Michael Hawkins, informed Senate Estimates that the ART was being overwhelmed by an “explosion” of international students appealing their visa rejections. Senate Estimates was told that the ART is struggling to process a whopping 46,590 student visa decisions as
Solar farm near Gympie is the second to reach completion in a week in Queensland, and means that NBN Co is now sourcing all its electricity needs from renewables.
The post Another solar farm switches on in Queensland, completing trifecta for NBN Co appeared first on Renew Economy.
The death spiral for gas networks is inevitable. Chaos is optional.
The post The gas death spiral is here: Why “user pays” could create a zombie network appeared first on Renew Economy.
Owner of Loy Yang B coal generator in Victoria bought by Singapore state owned giant in $6.5 billion deal.
The post Loy Yang coal generator owner bought by Singapore state company for $6.5 billion appeared first on Renew Economy.
PRESENTLY THERE IS A LOT OF NOISE ABOUT THE DEATH OF NATO. THE US IS THREATENING TO GET OUT OF THE ALLIANCE, THE EUROPEANS ARE DIVIDED AND UKRAINE (NATO's PROXY) IS LOSING THE WAR.
THOUGH THE DEMISE OF THE USSR WAS SWIFT AND PAINFUL TO RUSSIA, THE DEMISE OF NATO, THE WESTERN COUNTERPART, IS ONLY A MIRAGE.
The US is secretly planning to create a five-nation power bloc with Russia, China, India and Japan to sideline the Western-dominated G7, several media outlets have reported.