Now is the sinister time of year when the Barons of Big Oil gather together, under the auspices of the United Nations and with the blessing of most world leaders, to celebrate the 350 million needless deaths they plan to cause between now and 2050 in the name of profit.
People closer to the action than I are suggesting that the end is nigh for Sussan Ley. They may be right; momentum is often all in these matters.
But I would be cautious about thinking the walk to the gallows is imminent. There are only so many metropolitan seats that angry old men in the Liberal Party can lightly wave away.
In 2023, the media in Australia and around the world became enamoured by research claiming that ‘upzoning’ planning changes introduced in Auckland in 2016 had resulted in a building boom and lower home prices and rents. I showed at the time that the research was inaccurate because it used a “biased sample” to skew the
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Risk markets in Asia are responding positively to possible news that the Republican shutdown of the US government may finally be coming to an end with the Senate passing a spending bill. Futures for Wall Street and undollars like gold and the Australian dollar have gapped higher as well with the latter leaping above the
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IEEFA wants Albo to waste another $1bn on green iron. As Australia pours $1 billion into its Green Iron Investment Fund, it can learn important lessons from the US and EU, where several low-emissions steel projects backed by capital grants were subsequently cancelled or delayed. Projects with a “gas first, green hydrogen later” approach struggled,
China printed a bit of inflation in October, but it was pretty obviously seasonal. There is bugger all momentum in prices. The PPI was worse, though it also fell over the line in the month. Anti-involution has dented deflation but it is temporary. Bloomberg has some great charts on the great deflation. Rise of
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It is time to shutter the ABC. Flag burning should be criminalised, immigration should be capped based on housing supply, and the ABC and SBS should be sold and replaced by a taxpayer-funded broadcaster only for regional and outback Australia, according to resolutions to be debated at the Liberal National Party’s state council this weekend.
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Last week, I reported an AFR analysis of 16 financial reports from federal agencies, which revealed that 14 had unbudgeted increases in staff expenses totaling $841 million. Budget watcher Chris Richardson warned that the wage blowout could threaten the federal budget’s March forecast of a $42 billion deficit for this financial year, as could the billions