When I first heard that there was to be a shadow cabinet reshuffle from the leader of the Liberal Party, Peter Dutton, I was not particularly interested given that most of the shadow cabinet are inept or corrupt. However, when I heard that Gina Rinehart had said on January 22, 2025, that “if we are sensible, we should set up a DOGE [Department of Government Efficiency] immediately, reduce government waste, government [red] tape and regulations, I was unsurprised, being as she is a big Trump supporter, and even travelled to the US to kiss his ring at his inauguration1.
New polling demonstrates that most voters see President Donald Trump as a dangerous politician and view his leadership style as dictatorial.
The Australian Bureau of Statistics (ABS) Q1 CPI release revealed that housing inflation is slowing rapidly, contributing to lower trimmed mean inflation. CPI rental inflation rose by 1.2% in Q1 but moderated to 5.5% growth annually. The annual rate of growth was down from the peak of 7.8% in Q1 2024. The following chart from
The post Housing a welcome drag on inflation appeared first on MacroBusiness.
The mainstream Western media and global, alternative media outlets have been delivering a remarkable converging stream of blistering commentary since 2 April on what is now widely called, even by The Economist, Trump’s tariff tantrum.
The Irish-language hip hop trio Kneecap is being investigated by British counterterrorism police following a controversial appearance where the group performed in front of the words “FUCK ISRAEL, FREE PALESTINE” during a music festival in the United States.
Back in 2022, after my first encounter with ChatGPT, I suggested that it was likely to wipe out large categories of “bullshit jobs”, but unlikely to create mass unemployment. In retrospect, that was probably an overestimate of the likely impact. But three years later, it seems as if an update might be appropriate.
Australia’s productivity growth has averaged just 0.2% a year over the last decade. Labor’s first budget in 2022 included the assumption that productivity growth would average 1.2% over the long-term. The Coalition contends that annual GDP would be about $250 billion higher if productivity had grown at this pace, while annual tax revenue would have
Days away from the Federal Election, Opposition Leader Peter Dutton has yet to offer the voting public any reason to elect him, writes Dr Alex Vickery-Howe.
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Some interesting local and Chinese reports were absorbed by markets in Asia today, with all eyes really on Friday’s US non farm payroll print and of course, any more waffles coming from the Oval Office about “deals” around Trump’s tariffs. The latest Chinese manufacturing PMI prints weren’t grim as expected but still so a sharp
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