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Monthly inflation cools

November 29, 2023 - 11:53 -- Admin

Report from the ABS. The monthly CPI indicator rose 4.9% in the 12 months to October, below 5.2% expected: Banks and insurers gouging big: Alboflation was temporarily lower thanks to subsidies: Rent prices increased 6.6% in the 12 months to October 2023, down from 7.6% in September. In monthly terms, Rent prices fell 0.4% in

The Guardian corruption crisis explodes into public view

November 29, 2023 - 11:20 -- Admin

The end of Guardian “journalism” is at hand. In its place, there is now only personal bias and closed-loop ideology: Guardian Australia editor-in-chief Lenore Taylor has told her journalists that she is concerned the signing of an anti-Israel letter by 24 of the left-wing publication’s staff could raise questions about the impartiality of their reporting.

Here’s why Treasury loves Big Australia immigration

November 29, 2023 - 11:00 -- Admin

There are two key reasons why the Australian Treasury and by extension the federal government loves mass immigration: Treasury only cares about the health of the federal budget, while ignoring impacts on state budgets and household budgets. Treasury only cares about growing the economic pie (aggregate GDP), not everyone’s slice of the pie (GDP per

Dutton’s imaginary small modular nuclear future cancelled

November 29, 2023 - 10:40 -- Admin

It never existed, and now even the manufacturer has abandoned the project: A plan to build a novel nuclear power plant comprising six small modular reactors (SMRs) fell apart this week when prospective customers for its electricity backed out. Utah Associated Municipal Power Systems (UAMPS), a coalition of community-owned power systems in seven western states, withdrew

Macro Morning

November 29, 2023 - 09:00 -- Admin

Bond yields fell back slightly alongside the USD overnight on the back of mixed US economic data and reactions to a slew of Fed speeches, while stock markets coasted through without much volatility. The US Dollar Index is off over 0.4% against the undollars with the Australian dollar surging well above the 66 handle to