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MacroBusiness Thursday, November 20, 2025 - 10:30 Source

Federal energy and climate minister Chris Bowen touted South Australia’s world-leading renewables share in a final pitch to secure hosting rights for next year’s COP31 UN climate conference. Appearing at the COP30 climate conference in Belem, Brazil, on Tuesday, Bowen unveiled a report from the Clean Energy Investor Group (CEIG) boasting South Australia’s three-quarter share

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MacroBusiness Thursday, November 20, 2025 - 10:00 Source

The RBA has been strong on the idea that a rebound in services wage growth is behind the recent bounce in headline inflation. It argues that without productivity, wage inflation must be pushing up prices in these areas. Yesterday’s Wage Price Index was unsupportive of the argument. The WPI was, as expected, stable at 3.4%.

The post Wage growth dump humiliates RBA appeared first on MacroBusiness.

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MacroBusiness Thursday, November 20, 2025 - 09:30 Source

Labor has missed so many opportunities to rid the nation of this economic millstone that I have no faith it is about to do so. Yet the gas cartel is weak, leaderless, and divided. Top gas executives will gather in Perth this week in a last-ditch attempt to shape the Albanese government’s overhaul of the

The post Rotten gas cartel ripe for slaughter appeared first on MacroBusiness.

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MacroBusiness Thursday, November 20, 2025 - 09:00 Source

Wall Street managed to escape a selloff overnight with the release of not so quite dovish FOMC minutes, but then the wobbles came through bond and currency markets as the Trump regime announced they weren’t releasing the October jobs print while the November print won’t be after the December Fed meeting. The USD went on

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Thursday, November 20, 2025 - 08:21 Source

 

If you've ever walked past a newsstand, if you subscribe to Libération, if you listen to the radio, or if you have a TV, you know that in 2020, China employed 500,000 slaves in the cotton fields of Xinjiang (1).

The only proof lay in the sheer repetition of the information.

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MacroBusiness Thursday, November 20, 2025 - 08:00 Source

Since the start of 2025, the Australian labour market has been on a rollercoaster. It has produced month-on-month results that any government would gladly take credit for, such as the October print, and it has produced results that policymakers would rather forget, such as the 52,800 jobs lost in the February release. But cutting through

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Your Democracy Thursday, November 20, 2025 - 06:28 Source

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Your Democracy Thursday, November 20, 2025 - 06:00 Source

Danny [Daniel Davis] explains that after years of stalled efforts, there are now real signs that the Russia-Ukraine war might be moving toward a negotiated settlement. A secret 28-point U.S.–Russia peace proposal is reportedly being drafted, inspired by Trump’s earlier ceasefire framework used in the Israel–Hamas conflict. The plan reportedly covers four broad categories:

ending the war,

security guarantees for both sides,

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Your Democracy Thursday, November 20, 2025 - 05:44 Source

This should be a pivotal moment in British history. Our political system has utterly failed to confront a genocide. 

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MacroBusiness Thursday, November 20, 2025 - 00:05 Source

I explained this week how the Albanese government has taken specific actions to bolster the flow of international students into Australia. These actions come as the number of international students and graduates in Australia is tracking at a historically high 3.2% of the nation’s population as at Q3 2025, up from the pre-pandemic peak of

The post Student visa fraud on the rise appeared first on MacroBusiness.

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