Everyone has seen the decline of the Victorian Liberal Party which, in the two most recent state elections, has gone backwards1,2, in part because the party in that state was perceived as having been taken over by religious nutters3. Such a takeover of the Liberal Party by religious nutters is also seen to be, in part, the reason the Liberal Party was almost annihilated in a state election in Western Australia4. It was also one of the reasons the South Australian Liberal Party lost badly in the most recent South Australian election5.
Asian share markets are still mixed given the reaction to the Evergrande collapse in China with Japanese equities barely moving while local stocks continue to lift slightly higher Wall Street will be looking for more positive momentum on the open while the Australian dollar is holding on to its small advance above the 66 cent
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By Bert Hetebry Headlines repeated the line endlessly, the cost-of-living crisis, again, again and again, ad infinitum. So real action is taken to address the cost-of-living crisis on a number of fronts, but the main measure was to make amendments to the stage 3 tax cuts which were to come into effect on 1 July.…
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Goldman with the note. Sea freight costs have risen sharply due to Red Sea shipping disruptions, with shipping costs from Asia to Europe rising by 350% and by 100% from Asia to the US. Some commentators and investors worry that these cost increases could meaningfully raise global goods inflation, especially since inflation pressures from post-pandemic
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The main cause of Australia’s rental crisis is obvious: a record increase in the country’s net overseas migration, which saw an unprecedented 518,000 net migrants arrive in 2022-23: This spike in population demand has resulted in historically low rental vacancy rates and skyrocketing rental prices: Australia’s rental problem is expected to run for the foreseeable
The global energy crash continues apace, with thermal coal (blue) at its weakest price since the Ukraine War, chasing LNG (black) lower: This is still far above global cost curves. The price will eventually settle back at $80 or so. LNG can go lower yet as well. In fact, LNG can crater over the next
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During the evening of January 25, Kenneth Eugene Smith, having failed to convince the US Supreme Court to delay his execution, became yet another victim of judicial, state-sanctioned murder. A previous, failed effort, using lethal injection, had been made in 2022. On this occasion, it was the state of Alabama which sought to bloody (or…
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The Australian Bureau of Statistics (ABS) has released retail sales data for December, which fell 2.7% over the month to be only 0.8% higher over the year. The result was far worse than analysts’ expectations (-0.9% month-on-month), with the annual 0.8% growth also well below both population growth (circa 2.4%) and inflation (4.6%). This means
The Australian reports that shadow cabinet ministers will meet on Tuesday to discuss the federal government’s proposed changes to the legislated stage-three tax cuts, with MPs reportedly “split” over the changes. Senior sources within the Liberal Party have suggested that the Coalition will seek amendments to Labor’s legislation but is unlikely to vote against it.