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MacroBusiness Tuesday, March 10, 2026 - 12:00 Source

Victoria’s 2025‑26 Mid‑Year Financial Report was released on Friday and showed that the state’s net debt has increased by $10 billion in six months, reaching $160.9 billion: Net debt as a share of the state economy has risen from 23.7% to 24.2% in six months. Interest costs are also escalating. $3.8 billion was spent on interest

The post Victorians drown in bureaucrats and debt appeared first on MacroBusiness.

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THE BLOT REPORT Tuesday, March 10, 2026 - 11:43 Source
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THE BLOT REPORT Tuesday, March 10, 2026 - 11:30 Source

In a previous article, I detailed part of drive to Sydney in our then relatively new EV, the main part of that article was about battery developments in China1. However, we recently embarked on another road trip, driving from Canberra to Adelaide and back, a distance of about 3,000 kilometres all up (including side trips).

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MacroBusiness Tuesday, March 10, 2026 - 11:30 Source

Charts from TME. Stocks printed a large hammer reversal as the G7 and Trump TACO rescued the day. God bless it. VIX is mean-reverting, so if we see an incremental shift towards the TACO from here, then stocks will automatically rise. Oil-printed a huge shooting star. This looks overdone to me. But it is a

The post Stocks roar on the TACO appeared first on MacroBusiness.

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Your Democracy Tuesday, March 10, 2026 - 11:17 Source

Australia claimed impotence over Gaza but is now sending military support to the US-Israel war in the Gulf. Andrew Brown on the hypocrisy of a nation which prides itself on fairness.

This week Australia announced it would help defend the United Arab Emirates from Iranian attack.

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MacroBusiness Tuesday, March 10, 2026 - 11:00 Source

Justin Fabo from Antipodean Macro produced the following chart, showing how Australia’s labour productivity growth (i.e., GDP per hour worked) has ranked among the poorest in the advanced world over the past decade. One of the longer-term factors behind Australia’s poor productivity growth is “capital shallowing”. I.e., the population, via immigration, has grown faster than

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Your Democracy Tuesday, March 10, 2026 - 10:39 Source

Trump says US has won ‘but we haven’t won enough’

At a news conference, the US president downplays the spike in oil prices and says the Iran war will eventually result in lower prices.

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MacroBusiness Tuesday, March 10, 2026 - 10:30 Source

DXY flamed out last night on the G7 unpledge to release petroleum reserves. AUD reversed all of the losses. Oil tanked. North Asia is still struggling. The AI metal swoon reversed. As did the mining crash. Plus EM. Junk is still nervy. US yields reflected the jobs, not the oil shocker. Stocks bid WIII hard.

The post Australian dollar rockets as asteroid destoys Earth appeared first on MacroBusiness.

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Renew Economy Tuesday, March 10, 2026 - 10:26 Source

Sheep Gannawarra solar farm Edify EnergyA large-scale solar and battery project that was sent to the state planning arbiter by more than 80 written objections – none of them local – has been cleared to go ahead.

The post Solar and battery project sent to state planning authority by far away objectors gets all-clear appeared first on Renew Economy.

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MacroBusiness Tuesday, March 10, 2026 - 10:00 Source

I noted on Monday how Australia is facing rising energy costs on three fronts: Soaring petrol/diesel prices Rising gas prices Rising electricity prices. The most immediate shock is higher petrol/diesel prices, which have risen above $2 per litre in most capital cities. As illustrated below by Justin Fabo from Antipodean Macro, global oil prices have

The post Get ready for soaring energy bills appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 10, 2026 - 09:30 Source

Yes, you read that right, you’re about to get power and gas bill cuts. Gas prices have tanked over the last quarter. This is especially striking given the spike in Asian LNG prices above $23Gj. The falling gas price has helped wholesale electricity prices fall over the last five months from an average of $116M/h

The post Energy superidiot to get utility price cuts appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 10, 2026 - 09:00 Source

The G7 will bail out the American Idiot with its strategic petroleum reserve after he proposed a 300-400m/b release, roughly a quarter of the total and equivalent to all of the remaining US strategic reserve. This is desperate stuff. Or will it? French Finance Minister Roland Lescure said the Group of Seven is “not there

The post G7 bails out American Idiot appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 10, 2026 - 08:00 Source

As the war in the Middle East continues to drag on, the Trump Administration is seeking a means by which it can be brought to a swift conclusion. One option that is increasingly gaining traction is seizing Kharg Island in the northwestern corner of the Persian Gulf, which currently accounts for 90% of Iran’s oil

The post The huge Iran War misconception appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 10, 2026 - 00:01 Source

The 2020s are shaping up as a decade to forget for Australian households. According to national accounts data released last week by the Australian Bureau of Statistics (ABS), real per capita household disposable income—arguably the best indicator of material living standards—remained stuck in the low growth zone in 2025, still tracking 3.9% below the COVID-19

The post A decade to forget for Australian households appeared first on MacroBusiness.

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Renew Economy Monday, March 9, 2026 - 21:19 Source

Melbourne houses small iStock-1721581939All Australian homes should receive a score out of 10 for energy efficiency before they can be sold or rented, experts say, as part of an expansion to a national assessment program.

The post Mandatory energy rating report card urged for all homes appeared first on Renew Economy.

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Your Democracy Monday, March 9, 2026 - 21:02 Source

Jimmy and comedian, writer and actor Rick Overton light into Jon Stewart for recycling Islamophobic “72 virgin” jokes from the Iraq War era to mock Iran's response to U.S. aggression, accusing him of pushing war propaganda while ignoring critical facts. They detail how Iran only attacked U.S. military bases that were being used to bomb Iran, while Israel is simultaneously attacking Saudi Arabia, Qatar, and Lebanon —facts Stewart omits, to paint Iran as irrational.

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Renew Economy Monday, March 9, 2026 - 19:43 Source

Australian surf brand Bolero Surf has partnered with Spanish energy giant Acciona to make surfboard fins from recycled wind turbine blades in the hope of creating a new Australian manufacturing industry. The Bolero Surf fins are the first commercially available product to come out of Acciona’s ‘Turbine Made’ initiative which it launched in February 2025. […]

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Renew Economy Monday, March 9, 2026 - 19:34 Source

ararat wind farmSpanish wind giant buys wind farm that was once the biggest in Australia, and which it hopes to free from grid constraints with the addition of new transmission lines.

The post Spanish energy giant completes purchase of wind farm it hopes to free from grid constraints appeared first on Renew Economy.

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Your Democracy Monday, March 9, 2026 - 19:31 Source

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Renew Economy Monday, March 9, 2026 - 19:19 Source

mortlake battery origin energy Victoria BESSVictoria's second-largest big battery, constructed next to the state's biggest gas generator, has joined the grid management system.

The post Victoria’s second-largest big battery poised to charge up, next to the state’s biggest gas generator appeared first on Renew Economy.

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Your Democracy Monday, March 9, 2026 - 17:21 Source

Australian personnel aboard a US nuclear submarine during an attack on an Iranian vessel highlight the deeper implications of AUKUS – and the risk of Australia being drawn into American wars.

The AUKUS trilateral pact has cost Australia dear. Over the decades, it will cost the Australian taxpayers well over the projected A$368 billion being assessed by the wonks in Canberra. Nuclear-powered submarines of the Virginia Class may or may not be delivered.

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Your Democracy Monday, March 9, 2026 - 16:57 Source

A congressional committee has voted to summon US Attorney General Pam Bondi to testify about the investigation into convicted sex offender Jeffrey Epstein.

The motion to subpoena Bondi was introduced by Nancy Mace, a Republican lawmaker, who accused the justice department of a "cover-up".

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THE BLOT REPORT Monday, March 9, 2026 - 16:53 Source
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Your Democracy Monday, March 9, 2026 - 16:11 Source

Global oil prices have jumped above $110 (£82.74) a barrel and stock markets have slumped as the escalating US-Israeli war with Iran has fuelled fears of prolonged disruption to shipments through the Strait of Hormuz.

Iran on Sunday named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signalling that a week into the conflict hardliners remain in charge of the country.

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Renew Economy Monday, March 9, 2026 - 14:02 Source

Federal energy minister dismisses reports of row-backs on clean energy and EV spending amid speculation about the upcoming budget and apparent panic-buying of petrol.

The post “The speculation is wrong:” Bowen dismisses talk of clean energy, EV roll-backs as Australians panic over oil appeared first on Renew Economy.

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Renew Economy Monday, March 9, 2026 - 14:00 Source

Early results from Australia’s New Vehicle Efficiency Standard are in. Plus, Jaecoo J5, Hyundai Elexio, and electric trucks' role in Australia’s energy security.

The post The Driven Podcast: Car makers clear first NVES hurdle as EV transition accelerates appeared first on Renew Economy.

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Renew Economy Monday, March 9, 2026 - 13:42 Source

 FRV AustraliaNZ government plans to import gas raises questions about whether this is the best approach to strengthening energy security. New analysis suggests it is not.

The post New modelling shows renewable electricity can meet NZ future demand – without importing gas appeared first on Renew Economy.

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Renew Economy Monday, March 9, 2026 - 13:11 Source

 One NationTyron Whitten says he's opposed to large scale solar and for "cheap" coal and nuclear. But Sky Energy aims... to enable the one and avoid the other.

The post One Nation senator who hates renewables, backs nuclear, owns shares in solar-battery company appeared first on Renew Economy.

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Renew Economy Monday, March 9, 2026 - 12:58 Source

A rush to get the biggest possible discount on a really big battery, before changes to the rules, delivers a new record for the Cheaper Home Batteries rebate.

The post Battery rebate smashes new record as households pile in – and size up – ahead of changes appeared first on Renew Economy.

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THE BLOT REPORT Monday, March 9, 2026 - 12:34 Source

Some time ago, I wrote a piece about the batshit idiocy of Christian zionists1, which I summarise here. Christian Zionism is theological and political movement that supports the return of the Jewish diaspora to a Jewish homeland in Palestine, based on readings of parts of the bible that suggest that Palestine is a sacred land promised to the Jews by God. Even more bizarre is that Christian Zionists believe that by blessing and supporting the Jewish people and the modern state of Israel, they themselves will be blessed by God. The batshit extension of this is as follows.

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