Oz Blog News Commentary

Articles from MacroBusiness

Don’t be a mortgage fool

April 1, 2023 - 00:10 -- Admin

According to Canstar modelling reported this week, about a quarter of all borrowers are paying 6.5% or more on their variable rate loans, which is significantly higher than the lowest loan rate. The inability of these mortgage holders to shop around for a better offer will result in thousands of dollars in additional yearly mortgage

Weekend Reading: 1-2 April 2023

March 31, 2023 - 23:59 -- Admin

Global macro / Markets / Investing: Roughly two-thirds of jobs in the US and Europe are exposed to some degree of AI automation – FT 10 Companies Founded in a Recession – Altoira Investing ‘It’s honestly changed my life’: Employees from one of the biggest 4-day-workweek trials say working less improved their lives but was

Joe Biden’s “Woke(1) Capitalism”

March 31, 2023 - 14:00 -- Admin

Recently in Washington, Joe Biden exercised his presidential veto powers for the first time on a bill that would have banned federal pension fund managers from considering ESG issues for investment and shareholder rights decisions. The Republicans want to stop what they’re calling ‘woke¹ liberal’ practices by their customary friends in Wall Street and Corporate

Proof immigration doesn’t offset population ageing

March 31, 2023 - 13:30 -- Admin

For years immigration shills have argued that Australia must run a “strong” migration program in order to counteract an ageing population. Their standard line of argument is that migrants typically are younger than the local populace. Consequently, importing people through immigration always reduces the population’s average age, resolving the “problem” of population ageing. Anyone with

Trump dump

March 31, 2023 - 12:38 -- Admin

Honestly, I have no idea where this is going to end: Trump was indicted by a Manhattan grand jury, prosecutors and defence lawyers after an investigation into payments made during his 2016 presidential campaign to silence claims of an extramarital sexual encounter. The indictment itself remains sealed for now in the first criminal case ever

Labor talks sense on minimum wage

March 31, 2023 - 12:30 -- Admin

As usual, business groups are lobbying the Fair Work Commission hard to ensure the minimum wage rises by far less than inflation. The Australian Chamber of Commerce and Industry (ACCI) has asked for a 3.5% minimum wage increase, or 75c an hour, to $841.04 a week. That would be less than half the December quarter