In a social media post late last year, Housing Minister Clare O’Neil claimed: “Why is housing so tough right now? Because for 40 years our country hasn’t been building enough homes.” But is that actually true? Today’s Numbers It’s certainly correct that Australia is currently not building enough homes and hasn’t been for quite some
The post Busting Albo’s housing myths appeared first on MacroBusiness.
On Wednesday, I wrote an article explaining how both China and India—the world’s largest and third-largest carbon emitters (combined share of 40.1% of global emissions in 2024)—planned to aggressively expand their coal production and generation. China currently produces around 10 times more coal than Australia, and India over two times more: Both nations also import
DXY was strong last night, likely because the situation with Iran is coming to a head. It refuses to break down technically. AUD was quite weak, chasing JPY and CNY. Oil popped with gold. AI metals rose, but there is an almighty peak behind it. Big miners, too. EM stocks are at the highs. Remember,
The post Australian dollar at risk of sudden fall appeared first on MacroBusiness.
It’s a lot of motherhood statements so far, but they are good ones, at least. “Tiny” Tim Wilson has given us a sort of philosophy. Mr Wilson flagged plans for a two-tier system of company taxes and regulations that provided a more generous environment for small business owners. “I’m looking exclusively at how it is
The post Tiny and Andrew offer their vision appeared first on MacroBusiness.
We used to be journalists, but now we mostly just bitch about them. (Kidding. Kind of.) We also break down broken news.
Since 1945, one country has carried out a conventional military buildup unmatched in scale, cost and global reach. Claims about recent rivals distract from the historical record of how modern military dominance was built.
Scapegoating migrants is designed to distract our attention from the truth and real issues – the abuse of corporate and media power and failure to tackle housing shortages for younger generations.
Russia’s stance that the Ukraine conflict can only be resolved if its root causes are addressed is “s**t,” Vladimir Zelensky has said.
The Ukrainian leader is increasingly using profanities in public statements and insulting those who disagree with his policies.
I was interviewed via email earlier this week by Harrison Christian, a senior reporter at News.com.au, asking why the US economy is performing so much better than Australia’s. In particular: US real GDP growth is 4.4%, compared with Australia’s 2.1%. US CPI inflation is 2.4% compared with Australia’s 3.8%. The US is still cutting interest
Expensive gas is not viable for Whyalla Steelworks, in the interim or the long-term. If we’re going to do massive subsidies, let’s at least back the best solution for a decarbonising world.
The post If green iron is the future for Whyalla Steelworks, locking in costly and dirty gas is a dead end appeared first on Renew Economy.
Alcoa has been given the green light to clear more Australian forest after being fined for stripping land for bauxite mining without the right approvals.
The post Alcoa fined $55 billion for illegal forest clearing, gets green light to clear more Jarrah trees appeared first on Renew Economy.
Solar is cheap and easy to build for Fortescue, and working in the Pilbara gives the company more leeway to try some things not allowed elsewhere in Australia.
The post “Tracker, panel, rinse, repeat:” How Fortescue is driving solar innovation in the Pilbara appeared first on Renew Economy.
Talk about exquisitely bad timing. On Friday, the federal Liberal Party’s latest leadership spill – a mere nine months after the last one – showed the ability of the members of the federal parliamentary party to lose their heads when all about were keeping theirs.
The result, as history recorded, was Angus Taylor defeating leader Sussan Ley 34-17.