From Deputy Governor of the RBA Guy Debelle: Over the past year, there have been welcome developments in the Australian labour market. Employment has grown strongly, the participation rate is close to its highest level on record and the unemployment rate has declined to be at a six-year low. This is consistent with the above-trend
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By Leith van Onselen Australia’s mining lobby has attacked Labor’s opposition to ‘free trade agreement’ (FTA) with Indonesia, claiming it must include an investor-state dispute settlement (ISDS) clause, given the Indonesian government’s recent policy of requiring resources projects to have majority ownership. From The AFR: Australian resources companies, such as Newcrest Mining and Rio Tinto,
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More good property bear porn from Martin North:
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It appears ScoMo has just thrown out decades of foreign policy and painted Australia into a corner in some desperate gamble over Wentworth, via The Australian: “We welcome and strongly support Australia’s review and discussions on relocating its embassy, seeking a better deal with Iran, and increasing engagement with Israel,” a White House official told
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By Leith van Onselen The former Victorian executive director of the Property Council of Australia turned Melbourne Lord Mayor, Sally Capp, continues to flip-flop on the immigration-driven population crush afflicting Melbourne. Last month we were told by Capp to embrace a ‘Big Australia’ because it “represents opportunity”: Melbourne Lord Mayor Sally Capp has called on the
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By Leith van Onselen While the developed world is gradually legalising cannabis, it seems Australia will remain stuck in the dark ages with the Senate set to reject a private member’s bill to legalise recreational weed: “It is high time we stopped interfering in adult choices,” Senator Leyonhjelm told parliament on Monday. With the coalition
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Former RBA boss and blood-sucking banker, Bernie Fraser, is having a whinge today: Neoliberalism has caused “misery and social polarisation” yet remains in vogue with the Coalition government, according to the economist Bernie Fraser. The former Treasury secretary and Reserve Bank governor has made the comments in a presentation circulated to participants of the Australia
The post The problem is not neo-liberalism, it is neo-feudalism appeared first on MacroBusiness.
It’s the myth that keeps on giving, at the AFR: The chief executive of GWA Group expects robust demand from residential bathroom and kitchen renovators to be a solid buffer against a housing downturn as he also eyes future upside from householders eventually adopting “smart” water usage technology. GWA Group sells Caroma toilets and bathroom
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Jim “Mad Dog” Mattis is unequivocal at Bloomie: Secretary of Defense James Mattis played down tensions with Beijing, saying the U.S. was “not out to contain China” and was cooperating whenever possible, but that there would be times they would “step on each other’s toes.” “Obviously, we’re not out to contain China. We’d have taken
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By Leith van Onselen ABC 7.30 Report last night aired part two of its three-part population special (see my comments on part one here). I haven’t bothered to download it, since I received zero airtime, but you can watch it for yourself here. Once again, it was a massive disappointment whose critical failure was that
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