The Climate Change Authority recently warned that electric vehicles (EV) will need to account for 50% of Australia’s new car sales over 10 years if the federal government’s emissions reduction targets are to be met. Federal and state governments already provide substantial subsidies and incentives for EVs, which cost their budgets billions of dollars. Many
we expect something in return
we atheist being nice to another run
makes us hope others will be nice to us
for the believer needs to be better plus
to get a place amongst virgins and angels
unless god demands wars against the infidels
to fill his kingdom with the cadavers of devils
that were our souls we grew with nasty wills
so life continues with her dying in his arms
Today’s post is the latest chapter in my series analysing the history of previous parliamentary expansions at a federal level. In my last post, I analysed how the pendulum changed during the 1948 redistribution. For this post, I am going to look at how MPs responded to this new map, which seats were left without a sitting MP at the subsequent election, and how the swing varied depending on whether an MP ran for the seat.
DXY is fading again. AUD popped. CNY yawn. Gold rebound. AI metals too. The chosen one returns. EM is back. Junk green light. Yields ease. Stocks BTFDUMF! The shutdown is nearly over. The White House expressed support for the bipartisan deal to end the US shutdown, which makes it likely the government reopens within days.
The post Australian dollar rips with risk appeared first on MacroBusiness.
Everything is awesome on risk markets again as the US government shutdown appears over due to some spineless and feckless Democrats (but I repeat myself) bend the knee in the Senate. Wall Street rallied taking back most of last week’s losses with other stock markets following suit. This will probably last until the Supreme Court
The post Macro Morning appeared first on MacroBusiness.
In the ongoing debate surrounding the Australian economy, there have always been and will continue to be defenders of the current economic strategy, whatever it may be. Historically, it was one of backing industries, boosting home ownership and strongly targeted migration. This strategy, for the most part, had goals that both sides of the political
Patrik Baab argues that Western governments—especially in Europe—refuse to pursue a negotiated settlement with Russia because their political survival depends on continuing the war. He claims Ukraine is being sacrificed (“brought to the butcher”) to serve Western geopolitical interests, primarily the U.S. goal of weakening Russia.
According to this view:
114 years ago, the guns fell silent on the Western Front, marking a temporary and partial end to the Great War which began in 1914, and has continued, in one form or another, ever since. I once hoped that I would live to see a peaceful world, but that hope has faded away.
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
The post Housing supply YIMBY’s are frauds appeared first on MacroBusiness.
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
The post Macro Afternoon appeared first on MacroBusiness.