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Oz Blog News Commentary
MacroBusiness Monday, July 22, 2024 - 08:30 Source

The falls in Shanghai rebar futures eased on Friday but they are still perilously close to breaking the seven-year support line: A nice chart here from ANZ on Chinese FE inventories: Oodles of steel and port stocks climbing at a rate that suggests 70mt of oversupply in the global seaborne market. When the restocking tops

The post Iron ore approaches terminal velocity appeared first on MacroBusiness.

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Your Democracy Monday, July 22, 2024 - 07:34 Source

US National Security Adviser Jake Sullivan has said that he does not expect Israeli Prime Minister Benjamin Netanyahu to attack US President Joe Biden during his address to US legislators on Wednesday.

White House officials were reportedly concerned that the speech could include public jabs at the administration.

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MacroBusiness Monday, July 22, 2024 - 07:00 Source

The Stage 3 tax cuts have failed to brighten the mood of consumers, who remain locked in recession. Last week’s ANZ-Roy Morgan consumer confidence survey recorded the second weakest result since early December 2023: Net sentiment regarding the Australian economy in the longer term has collapsed to its lowest level so far this year: On Friday,

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Your Democracy Monday, July 22, 2024 - 06:34 Source

 

US President Joe Biden has ended his bid for re-election, opening the way for another Democratic candidate to take on Republican Donald Trump in November’s election.

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Your Democracy Monday, July 22, 2024 - 06:21 Source

The most powerful companies in the world have united against free speech, and they’ve deployed your tax dollars to fund their mission.

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Your Democracy Monday, July 22, 2024 - 06:11 Source

Shell Canada Drops 2050 Climate Goal from WebsiteShell is the latest oil giant to delete claims after an anti-greenwashing law passed in Parliament.

Shell Canada has deleted a “net-zero” goal by 2050 from its website.

The description of Shell’s Quest carbon capture and storage (CCS) project was edited in recent weeks, and no longer includes the heading “Achieving Net Zero by 2050.”

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MacroBusiness Monday, July 22, 2024 - 06:04 Source

The news this morning is that POTUS Joe Biden will serve out his term but will NOT contest the Democratic nomination for the November election. He has endorsed his deputy, Kamala Harris, who will likely now take the ticket. Harris’ polling versus Trump is not especially good though being leader can change perceptions. Her running

The post Biden goes, endorses Harris appeared first on MacroBusiness.

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Your Democracy Monday, July 22, 2024 - 05:45 Source

List of 64 U.S. Coups During 1947-1989

This is the list of U.S. coups during the Cold War that’s presented in the highly regarded 2018 academic book COVERT REGIME CHANGE, by Lindsey O’Rourke.

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MacroBusiness Monday, July 22, 2024 - 00:05 Source

Last year, Australian households experienced one of the world’s biggest decreases in real per capita household disposable income. Australians have also had one of the steepest reductions in real per capita since the beginning of the pandemic: According to the Australian Bureau of Statistics’ (ABS) March quarter national accounts, annual real per capita household disposable

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The Australian Independent Media Network Sunday, July 21, 2024 - 19:24 Source

By James Moore   Humiliation has long been a strong deterrent to failure in America. Our culture’s tendency is to blame the person, not the country or its capitalism. If you are in the ditch, you got there because you did not work sufficiently hard or smart, and you should not expect too much help climbing…

The post Hillbilly Hypocrite appeared first on The AIM Network.

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THE BLOT REPORT Sunday, July 21, 2024 - 14:47 Source
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