Because of my particular palaeontological expertise, in 1999, I was asked to be involved in a project with the Northern Territory Geological Survey (NTGS). They were about to begin remapping several 1:250,000 geological map sheets in the Northern Territory portion of the enormous Georgina Basin. My part of the project was mostly providing biostratigraphic expertise, which means providing a detailed assessment of the age range of the rock units the mappers were likely to encounter, by looking at the fossils in them.
Australia’s government and media want us to believe that climate change is the most serious environmental concern. They say that Australia must reach its net zero promises to avoid “dangerous climate change”, ignoring the reality that Australia is a tiny (1%) emitter on the global stage. Last week, Prime Minister Anthony Albanese unveiled Labor’s long-awaited
The ferrous complex plods on. Caught between the approach of Simandou, Capanema, Gara Gjeblet on one hand and the shutdown of Chinese green steel on the other. The balance is unusually solid blast furnace output for the season. Honestly, if you had shown me that chart in 2019, I would have told you iron ore
The post Iron ore $20? appeared first on MacroBusiness.
In the years since the pandemic arrived, Melbourne has gone from having one of the strongest economies in the nation and being a drawcard for internal migration to the butt of jokes and criticism. In some ways, this criticism is justified; the Victorian labour market and economy today are performing nowhere near as strongly in
The post Melbourne – The nation’s punching bag appeared first on MacroBusiness.
President Donald Trump on Tuesday seemingly announced a major shift in the U.S. approach to the Russia–Ukraine war. “I think Ukraine, with the support of the European Union, is in a position to fight and WIN all of Ukraine back in its original form,” Trump wrote on Truth Social.
With the implementation of the Albanese government’s 5% deposit scheme for first home buyers just over a week away, social media is filled with promotional material from the Albanese government crowing about how their achievement will help prospective home buyers. It’s certainly true that some first home buyers will benefit because they will be able
From the Market Ear: Tech spending Without tech spending the US economy would be close/in a recession. DB points out: 1. Good news: The AI super-cycle — with NVIDIA effectively carrying the US economy — is offsetting demand (tariffs) and supply (immigration) shocks. 1. Bad news: The cycle can’t last without parabolic capex. With hyperscaler
Donald Trump has used a speech at the United Nations to criticise countries that have recognised Palestinian statehood, accusing them of encouraging the fighting to continue in the Middle East.
In a lengthy speech laden with characteristic hyperbole, the US president also chastised the UN for failing to stop international conflicts and leaving it up to him to end wars on his own.
The Productivity Commission (PC) released its quarterly Bulletin, which explored the structural decline in Australia’s ‘capital deepening’, which has contributed significantly to the nation’s productivity malaise. “Labour productivity tends to increase when workers have more or better capital (such as computers and buildings) to work with, which is known as ‘capital deepening’”, PC Deputy Chair
