Blogotariat

The AEC finished the distribution of preferences for Bradfield late on Friday night, after a fascinating day that started with teal independent Nicolette Boele leading by 28 votes and ending with her 8 votes behind. This was a shift of 48 votes from Boele’s 40-vote margin at the end of the indicative 2CP count on Monday afternoon.

This has automatically triggered a recount, as the margin is less than 100 votes. The recount will commence on Monday.

International Reading: Trump Is Slowly but Surely Killing U.S. Economy, Experts Warn – New Republic Walmart announces 1,500 job cuts after Trump tells US retail giant to ‘eat the tariffs’ – Economic Times Americans favor labor unions over big business now more than ever – EPI The Largest Upward Transfer of Wealth in American History

The post Weekend reading and MB media appearances appeared first on MacroBusiness.

My latest in The East Asia Forum

The May 2025 federal election campaign was characterised by a studious avoidance of the main issues facing Australia, most notably the country’s future relationships with the United States and China. Canberra should confront the quandaries redefining the US relationship, initiated by President Donald Trump’s second term. Washington’s radical reorientation shows no sign of reversing even after 2028, when Trump is due to leave office.

Big batteries are having a growing influence on evening demand peaks in Australia and in California, where their output hit 10 gigawatts for the first time this week.

Australia's path to ultra low cost solar and a game-changing price of just $20/MWh is being made easier by breakthroughs in robot and Ai technology.

AEMO says soaring transmission costs, driven in part by social licence issues, may lead to a rethink of its planning blueprint and finding better – and cheaper –ways forward.

The Albanese government proposes to tax people on gains from any assets kept in their superannuation accounts, beginning with those with a balance of $3 million or more, without indexation. Industry superannuation funds, self-managed funds, investors, business leaders, and even ex-trade unionists have asked Labor to remove the unrealised component of the tax and modify

The post How to fix superannuation appeared first on MacroBusiness.

Global bond yield suppression has been a constantly favourable backdrop for equity investors since the 2008 Global Financial Crisis. Every attempt to withdraw support has led to the financial markets convulsing until policy makers are forced to U-turn. So what should we make of recent tumultuous events in Japan? I have always exhorted clients to

The post Albert Edwards: Japan is about to blow up the world appeared first on MacroBusiness.

The Market Ear on a fear that has no modern precedent. When does it start to hurt? GS on the rates rise: 1. Watch 10yr @ 5%: That’s the psychological level where most expect yields to start weighing on equities. 2. But it’s the speed, not just the level: A move above 4.7% before end-May

The post Is the era of stocks over? appeared first on MacroBusiness.

UK-headquartered energy optimisation firm buys Australian energy software outfit, in first major move since AGL Energy acquired a minority stake in the company.

Last week, Cotality (formerly CoreLogic) released data showing that a record 64.4% of homes in Sydney were valued at $1 million or above. This compares to 41.6% of homes valued above $1 million across the combined capital cities. According to SQM Research, Sydney’s median asking price for houses hit $2,040,000 in May, an increase of

The post Sydney challenges for world’s most expensive housing market appeared first on MacroBusiness.

Mark Hutchinson, the head of Fortescue Energy and partly responsible for meeting the company’s “real zero” target at its giant iron ore mines, and its global green hydrogen strategy, is to retire from the company as part