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Oz Blog News Commentary
Your Democracy Thursday, April 18, 2024 - 15:31 Source

Speaker of the US House of Representatives Mike Johnson announced on Wednesday that he is sticking with his plan to send a series of foreign aid bills to the floor, including those for funding for Ukraine and Israel. Johnson said in a note to legislators that they'll vote on these on Saturday evening.

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John Quiggin Thursday, April 18, 2024 - 15:19 Source

In all the discussion of Leif Wenar’s critique of Effective Altruism , I haven’t seen much mention of the central premise: that development aid is generally counterproductive (unless, perhaps, it’s delivered by wealthy surfers in their spare time). Wenar is quite clear that his argument applies just as much to official development aid and to the long-standing efforts of NGOs as to projects supported by EA. He quotes burned-out aid workers “hoping their projects were doing more good than harm.”

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MacroBusiness Thursday, April 18, 2024 - 14:30 Source

The Useful Idiot is up to its old tricks again today: They’re close to the city, public transport, schools and parks – and Melbourne’s leafy eastern suburbs should be shouldering the burden when it comes to new housing, according to a new report. The report, by housing advocacy group Yimby Melbourne and published on Thursday, recommends

The post More YIMBY useful idiots appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, April 18, 2024 - 14:05 Source

By Bert Hetebry   Having worked for many years with a diverse number of people from different ethnic groups and religions, and some with no religion, I was impressed that despite the differences, everybody seemed to get along. Being interested, I asked people about their faith, and found that people held their faith and cultural traditions…

The post Religious violence appeared first on The AIM Network.

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MacroBusiness Thursday, April 18, 2024 - 14:00 Source

AEP with his take on why gold has decoupled from traditional drivers. There is a strong suspicion among gold experts that China is behind the surge in buying, building up a war-fighting bullion chest through state-controlled banks and proxies. But others, too, can see that we are living through a fundamental convulsion of the global

The post Gold forecasting Trumpian “dystopia”? appeared first on MacroBusiness.

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MacroBusiness Thursday, April 18, 2024 - 13:30 Source

Rex Patrick has dug into how Pistol Pete Dutton reached his nuclear conclusions. In September 2020, the Morrison Government released a Low Emissions Technology Statement that placed Small Modular Reactors (SMR) on a list of watching brief technologies. SMR developments were to be monitored to see if they might play a part in Australia’s energy

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MacroBusiness Thursday, April 18, 2024 - 13:00 Source

The inaugural chair of the Productivity Commission, Gary Banks, has joined the pile-on against the Albanese government’s “Future Made” subsidies for low-emissions manufacturing. In a speech to the Centre for Independent Studies (CIS), Banks described the subsidies as a “fool’s errand” that would embed waste and lower the nation’s productivity: “Seeking to obtain benefits to

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MacroBusiness Thursday, April 18, 2024 - 12:30 Source

Statistics Canada released the consumer price index (CPI) for the March quarter. The CPI rose 2.9% year-over-year in March, up from a 2.8% gain in February. Excluding gasoline prices, CPI slowed to a 2.8% year-over-year increase, down from a 2.9% gain in February. The below chart from Justin Fabo at Antipodean Macro compares Canada’s core

The post Bank of Canada to cut rates first? appeared first on MacroBusiness.

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MacroBusiness Thursday, April 18, 2024 - 12:05 Source

Join us in this week’s investment podcast as Nucleus Wealth’s Chief Investment Officer Damien Klassen dissects the war, its effect on the oil price, and the oil price’s effect on inflation. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund,

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MacroBusiness Thursday, April 18, 2024 - 12:00 Source

Big. Ironically. Morgan Stanley with the report. Our base case = $105bn global obesity market in 2030 Extrapolating the strong early dynamics in the US and the initial demand in Europe (focusing on the roll-outs in Denmark, Norway and Iceland, where supply was not constrained), we now project the global obesity market to reach $105bn

The post How big is Peak Fat? appeared first on MacroBusiness.

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MacroBusiness Thursday, April 18, 2024 - 11:53 Source

The Australian Bureau of Statistics (ABS) has released labour market data for March, which shows that the nation’s unemployment rate rose by 0.1% to 3.8% following a 6.,600 contraction in the number of jobs: The result beat analysts’ expectations of a 3.9% rate. The underemployment rate also fell by 0.1% over the month to 6.5%,

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