Blogotariat

Membership of the Chinese Communist Party has just exceeded 100 million. It has long been the largest political party in world history.

When Prime Minister Albanese meets President Xi Jinping, he is not only meeting the head of the second largest economy in the world in nominal dollars, and by far the largest in purchasing power parity terms, but also the head of the biggest political party the world has ever seen. This matters.

The US has removed Syria’s al-Qaeda franchise from its list of designated terrorist organisations just days after the UK added nonviolent activist group Palestine Action to its own list of banned terrorist groups.

The Western empire will surely find ways to be even more hypocritical and ridiculous about its “terrorism” designations in the future, but at this point it’s hard to imagine how it will manage to do so.

Britain and France have unveiled a new agreement to coordinate their nuclear arsenals more closely, citing what they see as heightened “threats”to security in Europe. Moscow has called the move part of NATO’s overtly anti-Russian policy, warning it would factor the agreement into its military planning.

More bullying from the Trump regime as it hits former ally Canada with blanket 35% tariffs in its latest letter “diplomacy” that briefly saw the Loonie sell off sharply and rattle some Asian share markets before some stability prevailed. Some more co-ordinated US Treasury selling in the coming days or weeks could enhance the TACO

The post Macro Afternoon appeared first on MacroBusiness.

Alex Wonhas, head of new battery developer AMPYR, discusses his company's first big project, and why wind struggles will require more big batteries on the grid. Plus: News of the week.

Get set for a “growth mindset”. Or, should that read, get ready for a barrage of motherhood statements followed by a corporate tax cut? The PC’s Danielle Wood is readying for her moment of glory. Nine. First, we can’t talk about productivity without talking about the immense potential of new technologies such as artificial intelligence.

The post Producitivity blather cover for corporate tax cut? appeared first on MacroBusiness.

Unlike the sick man of Asia, the US is rebuilding industry. Morgan Stanley. Our US Industrials analysts note that since 2018, the US has increased its share of global capex significantly — a notable reversal from the decline following China’s WTO entry in 1999. The US now accounts for roughly 30% of incremental global capex,

The post US rebuilds industry as Australia throws it away appeared first on MacroBusiness.

WA premier says there will be no more money spent propping up Griffin Coal, underscoring urgent need to ramp up the state's renewables buildout.

A couple of stories today make for some very unsettling reading about Kevin Rudd’s role in Australia’s pivot to China. The pivot comprises two halves. First, Rudd is failing in Washington. With Australia clearly on the outer of the Trump administration, we already know Rudd’s pre-appointment insults have played a passive role. Now, it appears

The post Rudd wrecking ball flattens national interest appeared first on MacroBusiness.

With the release of the latest U.S. employment figures last week, a still relatively robust American labour market in aggregate was revealed. In the minutes and hours that followed, analysts began to put together the pieces as to why it had remained so strong: non-market job creation. For those perhaps not familiar with the term,

The post America’s taxpayer funded jobs boom appeared first on MacroBusiness.

Ukraine’s Vladimir Zelensky claimed he had no idea about the atrocities committed by the Ukrainian Nazi collaborators during the World War II until confronted on the issue by Poland’s president, Andrzej Duda, the latter has told the Polish RMF24 broadcaster.

When Cotality starts talking about specific suburbs, you know the boom is not here yet. Almost 45% of all suburbs across Australia are now at a record high in value, according to Cotality’s latest Housing Chart Pack. The suburb-level analysis reveals the broad-based nature of the current housing upswing, with values across 44.8% of the 3,722 suburbs

The post Not your grandfather’s housing boom appeared first on MacroBusiness.