After nearly two decades of delay, the Albanese government is set to expand money-laundering reporting obligation laws to cover real estate agents, lawyers and accountants, with the potential that 100,000 extra entities will have reporting obligations if the legislation is passed. In 2003, Australia agreed to implement so-called ‘Tranche 2’ global anti-money laundering (AML) rules
The Albanese government’s soft “crackdown” on dodgy student visa applications has seen rejection rates rise, especially for second-tier educational providers: According to the following chart from Justin Fabo at Antipodean Macro, student visa grant rates have sharply decreased this year, indicating lower numbers in the future: This fall in student visa grants has been led
The International Criminal Court is a dusty jewel, a creation of heat, tension and manufacture in the international community. Various elements have gone into its creation. As with any international institution which draws its legitimacy from nation states and the like, its detractors are many, the invective against it frequent. Some 124 countries have signed the…
How is the OECD supporting a more level playing field?
There are two primary reasons why the federal government loves high immigration. First, immigration boosts the economy, as measured by GDP. Running a high immigration strategy allows the government to claim that it is a competent economic manager, even when per capita GDP growth is negative (as it is currently) and individual living standards are declining.
Dxy is sagging: AUD has no clear pattern but is threatening recent resistant at 66 cents: Nothr Asia was mixed: Oil is putting risk back in play: Metal are a Wall Street toy: Miners look ok: Junk signals risk on: Yields tumbled: Stocks to the moon: The question is, will Michell Bullock and her malformed
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Wall Street extended its gains from last week’s rebound with optimism across risk markets returning although macro events in the Middle East and some regions on holiday (UK and Japan) could prove unsettling. Nevertheless the USD remains relatively weak against the currency majors like Euro although Yen remains volatile post the BOJ interventions while the
The post Macro Morning appeared first on MacroBusiness.
THE AMERICAN EMPIRE HAS BEEN A PLAGUE ON THIS PLANET… THIS EMPIRE REPLACED A GAMUT OF OTHER EMPIRES — THE ENGLISH, THE FRENCH, THE SPANISH, THE PORTUGUESE, THE GERMANS AND OTHER PLUNDERERS OF WEAKER NATIONS.
SOON AFTER THE BRITISH LED THE INDUSTRIAL REVOLUTION, THE AMERICAN EMPIRE BECAME THE BIGGEST POLLUTER ON THE PLANET — WITH MAINLY A DECEITFUL IDEOLOGY, PLASTICS, CHEMICALS, VIRUS GAIN OF FUNCTION AND CO2…
According to new data released by the Federal Treasury, foreign investors purchased over 4700 properties in the first three quarters of 2023 valued at 5.3 billion: Chinese investors led the way, purchasing 1955 homes worth an estimate $2.5 billion in value. Simon Cohen, the founder of Australia’s largest residential property buyer’s agency Cohen Handler, noted
Macron ‘breathes Russophobia’ – LavrovThe French leader may be scaremongering in order to gain a leading role in the EU, Moscow has suggested
French President Emmanuel Macron may be using Russophobia to satisfy his ambition of leading the EU, Foreign Minister Sergey Lavrov has claimed.
Last Sunday, Israel closed Al Jazeera’s office in occupied East Jerusalem, confiscating broadcast equipment and taking the channel off air. Israel’s targeting of journalists and their families, the closure of Al Jazeera’s Jerusalem office, the imprisonment and alleged torture of journalists, and the refusal to let foreign journalists enter Gaza amounts to a war on journalism.
From the RBS shadow. In 2024, the Board of the Reserve Bank of Australia (RBA) meets to decide on a target for the cash rate on the following dates: • 6 February 2024 • 19 March 2024 • 7 May 2024 • 18 June 2024 • 6 August 2024 • 24 September 2024 • 5
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The CEOs of major banks are urging the Federal Government to relax responsible lending standards, which were established following the Banking Royal Commission to safeguard borrowers. “What the big bank bosses are saying, they are not being very specific, they are alluding to two big pieces of regulation”, reports ABC’s Nassim Khadem. “One is the