I was reading the early reports of Ukraine’s drone strikes on Russian strategic bomber bases, wondering ‘where have I read this before/?’
And then I remembered.
I didn’t read it. I wrote it a couple of years ago. In Zero Day Code. Chapter 17.
Wind power has become a significant contributor to the electricity supply in Australia. As of September 2024, Australia had an installed wind capacity of around 13.3 GW. Wind power accounted for 13.4% (or 31.9 TWh) of Australia’s total electricity production in 2024. The Albanese government has set a target of producing 82% of Australia’s electricity
Cotality’s (formerly CoreLogic) latest housing affordability report showed that the cost of purchasing and renting a home in Sydney was the worst on record at the end of 2024, as well as the highest in the nation. As illustrated above, Sydney’s dwelling value-to-income rate was 9.8 at the end of 2024. It required a typical
The post Sydney’s housing market eats its young appeared first on MacroBusiness.
For this podcast Ben interviews two scrutineers about their experience in the recounts: Adelaide, a Liberal scrutineer from Bradfield, and KJ, an independent scrutineer from Goldstein. Ben also discusses the recount procedures he saw in Bradfield last week and the latest count updates from Monday afternoon.
More hesitation on risk markets as the weekend news of increased tensions on Chinese and US trade, including more off the cuff tariff announcements from the TACO-in-Chief unsettles the new start to the trading month. Currency markets area again winding up strength against the USD in response with the Australian dollar breaking out and accelerating
The post Macro Afternoon appeared first on MacroBusiness.
Last week, the Reserve Bank of New Zealand lowered the official cash rate (OCR) to 3.25%, down 2.25% from the recent peak. The vote in favour of cutting rates was overwhelming, with five members voting for and only one against. The Reserve Bank’s guidance, presented below, suggests that the OCR will bottom at around 2.75%.
The post Reserve Bank sees disinflation ahead appeared first on MacroBusiness.
This is a fairly accurate assessment from Bloomberg on why Australia is stuffed. They even manage to address the externalities of immigration without getting wowserish about it. A few quick points I will add: Restoring Australian manufacturing now would take a war. At 5% of GDP, it’s all but gone. Therefore, there is no productivity
The post Bloomberg destroys The Lucky Country appeared first on MacroBusiness.
University of Melbourne associate professor Milad Haghani argues that utes and SUVs should pay higher registration fees to account for the damage they do to roads because of their weight. “Bigger cars mean bigger costs for everyone else – it’s only fair those costs are reflected in how we price their use of public roads”,