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Oz Blog News Commentary
MacroBusiness Monday, July 22, 2024 - 13:30 Source

Introduced in 2000, the Luxury Car Tax (LCT) was imposed on imported vehicles to partly to protect the domestic car making industry that existed at the time. However, the LCT includes an exemption for “a commercial vehicle designed mainly for carrying goods and not passengers”. The Australia Institute (TAI) contends that this exemption is essentially

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MacroBusiness Monday, July 22, 2024 - 13:00 Source

The Fake Greens have taken populism and loonyism to new heights with Deputy Leader in the Senate, Nick McKim, calling on the Albanese government to stop the Reserve Bank of Australia (RBA) from lifting interest rates. “The mechanics of section 11 are that the treasurer can advise … the governor-general that is, to issue an

The post The Greens are economic vandals appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, July 22, 2024 - 12:34 Source

The International Court of Justice has again deliberated over the thorn-bloodied subject of Israeli-Palestinian relations. Its latest advisory opinion, sought by the UN General Assembly early last year, was unremarkably conventional though nonetheless affirming: a finding that Israeli settlements in the West Bank and East Jerusalem, along with “the regime associated with them, have been…

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MacroBusiness Monday, July 22, 2024 - 12:30 Source

Newspoll is unchanged at 51-49 to the government today: However, a new Freshwater poll has the LNP up by the same margin. Moreover, the aggregated polling trend is not Albo’s friend: He has butchered the ALP’s leadership in the critical areas of economic management and national security. However, health is the government’s trump card: It’s

The post Albo’s polling slip slides away appeared first on MacroBusiness.

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MacroBusiness Monday, July 22, 2024 - 12:00 Source

Sometimes this job is boring—interpolating data, watching indicators grow like grass, and watering the intellectual desert of the Aussie media. Yawn Then there is the single most onerous task I have had to undertake in thirteen years of writing – analysing the self-serving guff of Dr Jim Chalmers. Alas, I am forced back into the

The post Chalmers buries own wellbeing drivel appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, July 22, 2024 - 11:55 Source

By Fred (An insight to the staggering ballpark numbers needed to achieve NZ By 2050). Out of idle curiosity I got to wondering how big the NZ 2050 challenge is if the renewables source energy was electricity. Fossil fuels (coal, oil and gas) accounted for 91% of Australia’s primary energy mix in 2021-22. Oil accounted…

The post The Transition to Net Zero appeared first on The AIM Network.

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MacroBusiness Monday, July 22, 2024 - 11:30 Source

Earlier this year, former ACCC chairman Allan Fels and transport expert David Cousins released a report warning that Transurban is robbing Sydney motorists and urging the New South Wales government to take control of the state’s toll roads. Transurban controls 11 of New South Wales’s 13 toll roads, each of which was negotiated under a

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MacroBusiness Monday, July 22, 2024 - 11:00 Source

Albo’s new energy shock appears just about over for this winter, with gas glued to his stupid $12Gj gas price floor: And QMA power prices are about to top out at $155MWh: It’s been a doozy and as prices fall into the off-season, I expect a higher low than last Spring. Big coal is making

The post Greens cut gas Gordion knot appeared first on MacroBusiness.

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MacroBusiness Monday, July 22, 2024 - 10:30 Source

The Market Ear ventures inside the AI bubble. AI chose violence The Bespoke AI Basket that’s made up of 50 key AI stocks was down 5.6% over the last two days coming into Friday, which was the biggest 2-day drop since ChatGPT was released in late 2022. Bespoke Where is my ROI, Jensen…? Change in

The post AI bubble pops appeared first on MacroBusiness.

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MacroBusiness Monday, July 22, 2024 - 10:00 Source

The number of cafes has grown dramatically across Australia during the last two decades. When I moved to Melbourne’s Ashburton area in 2006, my local High Street strip shop had about four cafes. Over the next 18 years, I observed the number of cafes grow to ludicrous numbers. There are now more than a dozen

The post Australians tire of $5 coffees appeared first on MacroBusiness.

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xkcd.com Monday, July 22, 2024 - 10:00 Source

Hard to imagine political rhetoric more microtargeted at me than 'I love Venn diagrams. I really do, I love Venn diagrams. It's just something about those three circles.'

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MacroBusiness Monday, July 22, 2024 - 09:30 Source

Chinese steel demand indicators continue to sink. Auto sales are weakening: Property sales are going nowhere: As prices keep falling: Infrastructure bonds are very weak:   Hammering cement demand: Nothing encouraging here for future steel demand. Goldman offers a gloomy outlook: First, the primary linkage between the property market and the real economy is through

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MacroBusiness Monday, July 22, 2024 - 09:00 Source

Friday night was a dumping ground as almost everything was sold off in reaction to more tech stock action on Wall Street plus continued political volatility with the BSOD IT crisis not helping at all. Wall Street continued to sell off alongside European stocks although the latter got no relief as Euro weakened under a

The post Macro Morning appeared first on MacroBusiness.

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