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Your Democracy Friday, October 3, 2025 - 05:55 Source

Tesla and SpaceX CEO Elon Musk has become the world’s first person to reach a net worth of $500 billion, according to Forbes. Musk’s fortune has been boosted recently by a rally in Tesla shares and soaring valuations of his private firms.

Tesla stock jumped nearly 4% on Wednesday, adding $9.3 billion to Musk’s fortune and pushing it to $500.1 billion, according to the Forbes Billionaires List. Musk’s 12% stake in the carmaker is valued at $191 billion.

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Your Democracy Friday, October 3, 2025 - 05:05 Source

Federal subsidies for the fossil fuel industry have more than doubled since 2017 to an estimated $34.8 billion each year, a new analysis from Oil Change International has found. The report’s authors say that amount could soar to hundreds of billions of dollars in the years to come if lawmakers fail to rein in subsidies for controversial carbon capture and hydrogen technologies.

 

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Your Democracy Friday, October 3, 2025 - 04:24 Source

The pirates of Israeli supremacy: The West’s favorite rogue state has done it againThe assault on an aid flotilla headed for Gaza broke all kinds of laws, but then again, laws have never stopped Israel

The long-expected if perfectly criminal has happened again: Israel’s navy has intercepted the Gaza-bound Sumud Flotilla by force, stopping almost 50 boats and, in effect, kidnapping hundreds of their crews and passengers.

 

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MacroBusiness Friday, October 3, 2025 - 00:05 Source

Most of the media’s attention has been on Labor’s First Home Guarantee scheme, which came into effect on Wednesday. Under this scheme, almost all first home buyers can purchase a home with only a 5% deposit, without requiring lenders’ mortgage insurance, as taxpayers will guarantee 15% of the mortgage. Lateral Economics estimated that the 5%

The post Investors storm back into Aussie property appeared first on MacroBusiness.

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George Monbiot Thursday, October 2, 2025 - 23:47 Source

Alongside the genocide, the Israeli government is destroying the ecosystems of Gaza, perhaps permanently.

By George Monbiot, published in the Guardian 27th September 2025

A landless people and a peopleless land: these, it appears, are the aims of the Israeli government in Gaza. There are two means by which they are achieved. The first is the mass killing and expulsion of the Palestinians. The second is rendering the land uninhabitable. Alongside the crime of genocide, another great horror unfolds: ecocide.

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MacroBusiness Thursday, October 2, 2025 - 18:02 Source

Inside beach, Portsea Victoria   AUD/USD EUR/USD USD/JPY GBP/USD Gold   WTI     Brent     Australia 200     US S&P 500 UK 100     Japan 225     few problems getting charts again today, sorry. will keep trying

The post Macro Afternoon: 2 October 2025 appeared first on MacroBusiness.

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Cheeseburger Gothic Thursday, October 2, 2025 - 15:39 Source

I enjoy flicking through Substack Notes of a morning, looking for an essay I might enjoy. Occasionally I’ll find something like ‘Light Travels at the Highest Possible Velocity’, a Sherman Alexie story I read one Sunday morning in bed which delayed my getting up by an hour.

It’s one of the best things I’ve read this year, and I found it by accident and read it for free.

Thanks Sherm.

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Renew Economy Thursday, October 2, 2025 - 14:11 Source
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MacroBusiness Thursday, October 2, 2025 - 14:00 Source

Since the ABS started publicly releasing its monthly CPI in late October 2022, it has been a source of controversy and debate. It has been an indicator that has been paid significant heed one month and then absolutely ignored the next, as it no longer produced a result in the desired direction. It has been

The post The Reserve Bank, monthly CPI and rate cuts appeared first on MacroBusiness.

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Renew Economy Thursday, October 2, 2025 - 13:25 Source
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MacroBusiness Thursday, October 2, 2025 - 13:00 Source

The Albanese government’s fantastical target of building 1.2 million dwellings over five years is centred on delivering a boom in high-rise towers. I have repeatedly warned that state and federal government plans to blanket our cities with high-rise apartments are unrealistic, would not improve Australian housing affordability, and would degrade liveability. The August dwelling approvals

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THE BLOT REPORT Thursday, October 2, 2025 - 12:49 Source
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Your Democracy Thursday, October 2, 2025 - 12:47 Source

 

German Chancellor Friedrich Merz is seeking to claw back decision-making power from European Commission President Ursula von der Leyen, Bloomberg reported on Tuesday, citing diplomats familiar with the matter.

Merz, increasingly critical of Brussels, wants Berlin to have greater influence over issues directly affecting EU members, according to one of the sources.

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The Tally Room Thursday, October 2, 2025 - 12:37 Source

A state by-election will be held in the north Queensland seat of Hinchinbrook at some point near the end of this year or early in 2026, following local MP Nick Dametto’s announcement that he will contest the mayoralty of the City of Townsville at a by-election next month.

Hinchinbrook covers the northern outskirts of Townsville and stretches halfway up the coast towards Cairns. Dametto is a member of Katter’s Australian Party and has held the seat since 2017. His current margin is 13.2% against the LNP.

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Renew Economy Thursday, October 2, 2025 - 12:05 Source
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Renew Economy Thursday, October 2, 2025 - 12:02 Source
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MacroBusiness Thursday, October 2, 2025 - 12:00 Source

In this week’s podcast, we are unpacking today’s stretched market valuations—why they’re really concentrated in just a handful of the largest stocks, why small and mid-sized companies may actually be trading below average, and how investors should think about growth versus price. Can’t make it to the live series? Catch up on the content via

The post MB Fund Podcast: Market Looks Expensive? Blame the Giants appeared first on MacroBusiness.

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MacroBusiness Thursday, October 2, 2025 - 11:30 Source

In the debate surrounding the viability of individual households servicing ever larger mortgages, the fact that Australia has yet to see large-scale defaults is often cited as evidence that the current level of debt is sustainable. Others use this as evidence to support the argument that we should allow households to incur even higher debt

The post Australia’s economic self harm appeared first on MacroBusiness.

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Renew Economy Thursday, October 2, 2025 - 11:29 Source
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MacroBusiness Thursday, October 2, 2025 - 11:00 Source

During the pandemic, Victoria transformed into a police state. Residents were locked down for nine months, allowed to only exercise outside the home for one hour a day. Playgrounds were closed, play equipment was chained-up, and police patrolled the streets with vigour seeking to catch people not wearing their masks or following curfews. Police even

The post Victoria is broken appeared first on MacroBusiness.

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Renew Economy Thursday, October 2, 2025 - 10:37 Source
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MacroBusiness Thursday, October 2, 2025 - 10:30 Source

In October 2024, then Canadian Prime Minister Justin Trudeau pledged to dramatically cut net migration into Canada. Looking at a chart of net overseas migration based on data from Statistics Canada, it appears that Trudeau’s promise has been entirely realised, with the rate of quarterly net migration into Canada in the first quarter of this

The post Canada’s migration statistics BS appeared first on MacroBusiness.

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Your Democracy Thursday, October 2, 2025 - 10:10 Source

US President Donald Trump has suggested that denying him the Nobel Peace Prize would amount to an insult to the United States.

Speaking to top military brass in Quantico, Virginia, on Tuesday, Trump said he has repeatedly been overlooked for the award, even though he believes his record qualifies him.

The president pointed to his latest Middle East peace plan, claiming it was the eighth conflict he has helped resolve in as many months.

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MacroBusiness Thursday, October 2, 2025 - 10:00 Source

Strategic buffoon Anthony Albanese is discovering that kowtowing to Beijing only encourages it. “We have seen those issues in the past. I want to see Australian iron ore to be able to be exported to China without hindrance.” “If prolonged, the (pause) risks squeezing steel margins or forcing selective output cuts … but China cannot

The post The Pilbara killer stalks BHP appeared first on MacroBusiness.

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Renew Economy Thursday, October 2, 2025 - 09:58 Source
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MacroBusiness Thursday, October 2, 2025 - 09:00 Source

From the Market Ear: Put hate is back Put call ratio imploding again… Mini top? SPX could be putting in a mini double top here, with the second high slightly lower. Note the 21 day and channel lows come in around 6650 (futures). A close below that and 6600 could come into play quickly. 50

The post Put Hate, CAPE Stretches, Metals Melt Up appeared first on MacroBusiness.

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MacroBusiness Thursday, October 2, 2025 - 08:00 Source

Last month, I reported that green groups had lambasted the mass rollout of wind turbines across regional Australia. Veteran conservationist and former federal Greens leader Christine Milne labelled wind turbines “biodiversity-destroying”.  Wilderness Society national campaigns director Amelia Young also quit the group after almost 20 years, citing “intolerable … attitudes and behaviours” – and warning

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Your Democracy Thursday, October 2, 2025 - 04:00 Source

 

Israel has been paying influencers for social media posts to improve its image in the US, according to online magazine Responsible Statecraft. Israeli Prime Minister Benjamin Netanyahu has recently stressed the role of content creators in maintaining support for the Jewish state. 

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Your Democracy Thursday, October 2, 2025 - 03:46 Source

 

The EU is considering whether to end the diplomatic isolation of Belarus in an effort to drive a wedge between it and its close ally, Russia, The Guardian reported on Tuesday, citing European diplomatic sources.

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MacroBusiness Thursday, October 2, 2025 - 00:05 Source

The Albanese government’s First Home Guarantee scheme came into effect on Wednesday, allowing almost all first home buyers to purchase a home with only a 5% deposit, without requiring lenders’ mortgage insurance, as taxpayers will guarantee 15% of the mortgage. Analysis by Lateral Economics suggested that the 5% deposit scheme could increase home prices nationally

Read more Views: 38

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