Via The Australian: Michele O’Neil’s election as ACTU president underscores the Construction Forestry Maritime Mining and Energy Union’s tightening grip on the labour movement. O’Neil is vice-president of the CFMMEU and secretary of its TCF manufacturing division. She was formerly secretary of the Textile Clothing and Footwear Union of Australia before the creation of the
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By Leith van Onselen For years, MB has called on the federal government to implement the second tranche of anti-money laundering (AML) legislation covering real estate gate keepers, which was promised by the government more than a decade ago. MB’s incessant lobbying follows a veritable conga-line of reputable international organisations urging Australia to meet its
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Via Westpac: FOMC Chair Powell appeared before the Senate’s Committee on Banking, Housing, and Urban Affairs overnight in part one of his Semiannual report to Congress. Abstracting from the frequent political focus of the Committee, Chair Powell’s message on the economy was clear: “the FOMC believes that – for now – the best way forward
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Via the AFR: British owners of apartments clad in combustible aluminium panels are struggling to sell their units in the wake of London’s Grenfell Tower tragedy, as the financial costs of replacing cladding and fixing buildings are unclear to both owners and potential buyers. …Once registers of buildings with combustible cladding, such as the one
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By Leith van Onselen The chorus calling for a lift in Australia’s pathetically low Newstart Allowance for unemployed workers (the ‘dole’) is getting too loud to ignore. In recent times, we have witnessed a huge cross-section of industry groups and commentators calling for Newstart to be lifted, including: Deloitte Access Economics senior partner Chris Richardson;
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Via The Australian: “Although the technology is evolving, batteries are not ready for widespread grid-scale application for extended periods and pumped hydro is not available in all areas,” Dow’s Australian president, Louis Vega, said in its submission to the Energy Security Board. “Similarly, there is insufficient demand response to offset rapid changes in supply. To
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Bye, bye Botox Boom, via Westpac: • The six month annualised growth rate in the Westpac–Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, dropped from +0.05% in May to –0.33% in June. This is the first below trend reading since September
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This week on MB Fund Webinar, Australian Housing – Boom and Doom will have Economist Leith van Onselen and Strategist David Llewellyn-Smith join, Damien Klassen and Tim Fuller as they deconstruct the Australian Housing Market: Current snapshot of Australian housing. Deep dive into Sydney and Melbourne. Outlook confronting the market. Feel free to send questions
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By Leith van Onselen With the Turnbull Government confirming that the Adani Carmichael coal mine will not receive NAIF funding, Australia’s largest rail freight company – Aurizon – stating that it will withdraw its application for a federal government loan to build the rail corridor, as well as deep public opposition, the project should have
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I was joking about it yesterday. Shouldn’t have: Disgraced Wagga Wagga MP Daryl Maguire hosted a press conference inside NSW Parliament with a key United Front official from China to promote propaganda on Tibet. …Mr Maguire told ICAC he was first approached by Chinese property developer Country Garden for help with “opportunities” at an event
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