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MacroBusiness Monday, October 25, 2021 - 00:15 Source

The sharp contraction of temporary migrants is driving up hospitality wages, according to Restaurant and Catering Australia (RCA). But rather than let the ‘market’ balance supply & demand, the RCA is calling for the federal government to hasten access to cheap, exploitable migrant workers: Pubs, bars and restaurants are offering workers their pick of shifts

The post Great news: lack of foreign workers drives up hospitality wages appeared first on MacroBusiness.

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MacroBusiness Monday, October 25, 2021 - 00:05 Source

The ferrous complex was manic on Friday 22 October, 2021 as spot firmed, paper went stoopid overnight and steel crashed in the last few days of last week. The key shift is the bursting of the coking coal bubble which is one of the most foolhardy market bids I can recall: The Chinese energy bubble

The post Daily iron ore price update (here comes the steel crash) appeared first on MacroBusiness.

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MacroBusiness Monday, October 25, 2021 - 00:01 Source

DXY was firm on Friday night and EUR soft: The Australian dollar was weak again: We got a good flush of shorts last week back to -76k but positioning remains very negative: Oil faded, gold firmed: Base metals kept falling as the energy bubble shudders: Miners managed a small bounce: EM stocks fell: Junk was

The post Australian dollar swoons as Fed hawks up appeared first on MacroBusiness.

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MacroBusiness Monday, October 25, 2021 - 00:00 Source

Global Macro / Markets / Investing: Buying a coal mine and leaving the coal in the ground looks like a cost-effective way of sequestering carbon dioxide. – Marginal Revolution Jerome Powell believes inflation will be high until 2022 and sees rates hike premature – Digest Times Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will

The post Links 25 October 2021 appeared first on MacroBusiness.

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George Monbiot Sunday, October 24, 2021 - 18:05 Source

To avert environmental disaster, we need sudden and drastic change. Impossible? No, it has been done before.

By George Monbiot, published in the Guardian 20th October 2021

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The Australian Independent Media Network Sunday, October 24, 2021 - 17:57 Source

By David C. Paull   At a critical time when farmer lobby groups should be showing leadership in order to maximise the opportunities that new climate-adapted agriculture can offer, the National Farmers Federation have decided to back with the climate-denying National Party and continue with ambit claims based on disinformation that undermines the credibility of Australia…

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Cheeseburger Gothic Sunday, October 24, 2021 - 17:22 Source

I'd been looking forward to watching Invasion on Apple TV+ and finally got to take in the first two eps this weekend. I enjoyed it — I do love me a big, multithread narrative — and can see where all the money went.

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The Australian Independent Media Network Sunday, October 24, 2021 - 16:45 Source

We receive a lot of mail at The AIMN, but this suggestion from one of our readers struck a chord: “As we are facing one of the most important and influential challenges both for humanity and the earth itself, perhaps it is time we stopped reacting and started directing our thinking and our philosophies toward…

The post We need better outcomes. But how? appeared first on The AIM Network.

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Left Focus Sunday, October 24, 2021 - 11:05 Source

 


Dr Tristan Ewins

 

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The Australian Independent Media Network Sunday, October 24, 2021 - 10:27 Source

“The first is an old habit of men of this ilk of asserting that women are not to be believed but men are. There is a long brutal tradition of asserting that men are credible but women are incredible, men are objective, women are subjective, and this guy has just treated us to how a…

The post “Until the lion learns how to write every story will glorify the hunter” – Proverb appeared first on The AIM Network.

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MacroBusiness Sunday, October 24, 2021 - 09:37 Source

Victoria recorded another 1935 locally acquired COVID cases and 11 deaths: By comparison, NSW recorded only 296 locally acquired COVID cases and four deaths: The next chart plots the daily cases across both states: Victoria’s active cases hit a new high, whereas NSW’s continued to fall: A high 2.78% of tests in Victoria came back

The post Victorian active COVID cases hit record high appeared first on MacroBusiness.

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New Politics Saturday, October 23, 2021 - 17:08 Source

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John Quiggin Saturday, October 23, 2021 - 16:53 Source

A lot of discussion around “living with Covid” starts from the premise that, as long as vaccination rates are high (say 80 per cent of the population), we don’t need to worry about high case numbers. That’s because vaccinated people are less likely to suffer bad outcomes (hospitalization and death). The problem with this claim is that, because the primary function of vaccines is to protect against infection, unvaccinated people will be over-represented among cases. Let’s try some simple arithmetic.

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Renew Economy Saturday, October 23, 2021 - 15:32 Source

Network to pilot “disconnected microgrids” – comprising mostly renewables - that will cut links to main grid and deliver, cheaper, cleaner and more reliable power.

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The Australian Independent Media Network Saturday, October 23, 2021 - 15:13 Source

By Keith Antonysen    If I believed in conspiracy theories, I’d be believing that on climate change the National Party and Liberal Party are playing good cop/bad cop. The Nationals can be seen as the bad cops on the basis of a number of their politicians own shares in fossil fuel corporations, or they have…

The post Good Cop/Bad cop appeared first on The AIM Network.

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Your Democracy Saturday, October 23, 2021 - 14:15 Source

malcolm...malcolm...Barbados Elects Its First Head of State, Replacing Queen Elizabeth

 

The country’s Parliament chose Sandra Mason, the governor general, to assume the symbolic title, a decisive move to distance itself from Barbados’s colonial past.

 

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The Australian Independent Media Network Saturday, October 23, 2021 - 12:40 Source

By Maria Millers   It is clear that over the years the Nobel Peace prize has become purely a political exercise drawing criticism from many quarters. This has been happening for quite some time. To give but a sample of egregious examples: Henry Kissinger was awarded the prize in 1973 for negotiating ceasefire in the Vietnam…

The post On the politics behind the Nobel Peace Prize appeared first on The AIM Network.

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Renew Economy Saturday, October 23, 2021 - 11:08 Source

santos offshore gas field emissions - optimised

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Your Democracy Saturday, October 23, 2021 - 10:54 Source

orstrayaorstraya

It is a truth universally acknowledged that the rest of the world usually pays very little attention to Australia.

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MacroBusiness Saturday, October 23, 2021 - 09:30 Source

Find below a detailed interview aired last night with Martin North from Digital Finance Analytics, whereby we discuss our deep concerns with intergenerational housing inequality in Australia. I am scheduled to do a two-hour live show with Martin on Tuesday 21 December.

The post Talking the intergenerational property meat grinder with Martin North appeared first on MacroBusiness.

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MacroBusiness Saturday, October 23, 2021 - 09:22 Source

Victoria has recorded another 1750 locally acquired COVID cases over the past 24 hours alongside nine deaths, after Melbourne reopened yesterday: By comparison, NSW has recorded 332 locally acquired cases and two deaths: The next chart plots the daily cases across the two states: Next are active cases: Enjoy your weekend of freedom, Melburnians.

The post COVID cases fall as Melburnians rejoice appeared first on MacroBusiness.

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Your Democracy Saturday, October 23, 2021 - 08:56 Source

new carsnew cars

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The Australian Independent Media Network Saturday, October 23, 2021 - 06:00 Source

Editors note: At The AIMN, we take people’s criticisms seriously, even if inflammatory. Although Morrie Moneyweather conveys little interest, The AIMN‘s policy is to publish other points of view. We don’t in the least think we have ownership of any righteousness. Oi. Michael Taylor, I know I haven’t written for a couple of years Mr Taylor and…

The post A letter to the editor from Morrie Moneyweather appeared first on The AIM Network.

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Your Democracy Saturday, October 23, 2021 - 05:50 Source

merdiermerdier

The European Union has postponed the next round of free trade talks with Australia for a second time amid simmering anger over Canberra's decision to cancel a $90 billion submarine contract with France.

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MacroBusiness Saturday, October 23, 2021 - 00:05 Source

Global Macro / Markets / Investing: The Hidden Costs of Living Alone – The Atlantic How Corporations Keep Their Own Workers in Debt – Politico Amazon is now a bigger shipper in the U.S. than FedEx – Axios A new report shows how climate change is hurting your health – NPR How economists helped Big

The post Weekend Reading: 23-24 October 2021 appeared first on MacroBusiness.

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Your Democracy Friday, October 22, 2021 - 21:15 Source

richrich

At a recent IMF event on recovering nations from the coronavirus pandemic, UN Secretary-General António Guterres said that the COVID-19 coronavirus plunged over 100 million people into poverty, with over 4 billion people with little or no social support. 

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MacroBusiness Friday, October 22, 2021 - 16:00 Source

Asian stock markets are holding on to minor gains following the news of a debt payment made by Evergrande crisis with risk currencies lifting after getting pummeled by USD overnight. Japanese shares are pushing the hardest on their latest inflation print, while gold is inching its wayback to the $1800USD per ounce level. Meanwhile Bitcoin

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, October 22, 2021 - 15:16 Source

Prime Minister Scott Morrison and Deputy Prime Minister Barnaby Joyce during Question Time in the House of Representatives at Parliament House in Canberra.</body></html>

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The Australian Independent Media Network Friday, October 22, 2021 - 14:36 Source

Overpaid breakfast hosts on an Australian network sniggered, wondered and pondered. Why is that top throbbed Blue Origin capsule heading to space shaped that way? Is Jeff Bezos’s effort nothing more than a phallic spurt into the heavens? The implications are flowing: Can he hold it? Will he come in the appropriate atmospheric strata? Giggles…

The post Space Dildoing with William Shatner appeared first on The AIM Network.

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The Australian Independent Media Network Friday, October 22, 2021 - 14:24 Source

It is now approaching a decade since Andrew ‘Twiggy’ Forrest was approached by then Prime Minister, Tony Abbott, to advise on the creation of a ‘cashless welfare card’. While Forrest intended for all income to be ‘quarantined’ for use only in approved areas (like groceries), the Indue card which has emerged in trials set a…

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