We know it is happening. Several lives have been lost and many more are being put at risk due to a toxic culture of harassment, poor management, burnout and a resourcing crisis in Ambulance Victoria, a parliamentary inquiry has heard. Submissions filed by paramedics, patients and their families to the Victorian parliament’s inquiry into the
Dr Raffaele F. Ciriello, a Senior Lecturer in Business Information Systems at the University of Sydney, claims that corporate elites have hijacked Australian universities. Australian public universities are no longer run for education. They have been taken over by a managerial elite that prioritises profits over academic integrity. Vice-chancellors earn more than the Prime Minister,
Australia’s manufacturing sector is the smallest in the OECD as a share of the economy. Manufacturing in Australia is also in terminal decline. Incitec Pivot, a major fertiliser company, closed its Australian operations in 2022 due to high energy costs. Qenos, Australia’s last major plastics producer, closed in 2024 due to high energy prices, leaving
I can’t tell if all Aussies hate Donald Trump or if it is just the backward media. What I can tell you is that your best hope of not being destroyed by the homegrown gas export cartel lies not with your leaders but with King Trump. As we know, LNG imports will begin in Australia
The latest US CPI print caused some volatility on currency markets and another wobbly finish on Wall Street overnight but European share markets were less reactive. The USD ended up broadly higher against Yen but other undollars remain somewhat steadfast as it looks like the trade war over tariffs might be a nothing burger. The
DXY shrugged off hot US inflation. AUD did too. The lead boots jaws are closing. Gold and oil do the opposite. Dirt bubblet. Mining doldrums. EM life?!? Nah. Yields up. Stocks flat. US inflation was worse than feared. However, January is always worse than feared, and the BLS has not fully adjusted to it post-COVID.
Ross Gittins claims, “The nation is finally coming to grips with home affordability”. “I’ve been watching and writing about the steady worsening in housing affordability for the best part of 50 years, and I’m more optimistic today than I’ve ever been”, Gittins wrote. “At every level, from governments at the top to mums and dads and
Asian share markets are much more positive in today’s session with shares in Hong Kong rebounding while the Felon-in-Chief in the Oval Office backtracks another round of tariff threats. Last night’s testimony by Fed Chair Powell is seeing some volatility in bond markets and interest rate futures while the USD is diverging in fortune across
Credit reporting bureau CreditorWatch recently warned that nearly one out of every six (16.2%) hospitality businesses have a high probability of failing due to a combination of high interest rates, rising rents, high cost of living, and the pandemic hangover. CreditorWatch forecast that 8.9% of food and beverage businesses would close over 2025. Over the
Overheated or what? The Market Ear. Stopped in/out Gold is putting in a massive shooting star candle so far today. You watch these type of candles very carefully after an asset has moved sharply as it could be the first indication of a short term trend reversal. The psychology is very powerful as it basically