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MacroBusiness Saturday, July 19, 2025 - 18:05 Source

If you are curious about the differences in methodology between myself and the usual auction data providers, there is an explanation down the page.   After last week’s strong performance from the Sydney auction results, it’s strongest since June 2023, it appeared increasingly likely that the Sydney market was set for a boom. This week

The post Sydney auction market falls back to Earth appeared first on MacroBusiness.

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The Tally Room Saturday, July 19, 2025 - 18:00 Source

6:00 – Polls have just closed for the 2025 Tasmanian state election. I’ll be live-blogging the results here tonight. I’m also going to have a go at posting some video updates on Instagram if you’re interested in that sort of thing. Stay tuned for some results updates right here.

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George Monbiot Saturday, July 19, 2025 - 16:42 Source

England’s privatised water system leaves us incapable of responding sensibly to droughts.

By George Monbiot, published in the Guardian  17th July 2025

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Your Democracy Saturday, July 19, 2025 - 16:19 Source

The EU has finally agreed upon the 18th sanctions package on Russia, as Slovakia has lifted it’s veto. Kaja Kallas and Kestutys Budrys have made statements about how the 18th sanctions package would affect Russia and have called upon the US Senato to place even more sanctions on Russia.

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MacroBusiness Saturday, July 19, 2025 - 09:09 Source

Independent performance tables to 30 June are in, and the AFR  has listed the best‑performing large super funds. Our flagship MB Growth fund finished near the very top with a 12.1 % return for FY‑25¹. We’re proud of the outcome, but prouder still of how we achieved it. What made the difference? Driver Our positioning Why it

The post MB Growth Tops Super FY25 League Tables—Here’s What Drove It appeared first on MacroBusiness.

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Your Democracy Saturday, July 19, 2025 - 09:00 Source

Chris Townsend has been organizing workers, conducting political work for labor unions, and teaching young workers to organize for almost all his adult life. He is, as we say, “the real deal.” While most of us opine and pontificate about labor, Chris does the dirty work.

 

Hard Truths About the US Labor Movement: An Interview with Chris Townsend

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The Tally Room Saturday, July 19, 2025 - 08:00 Source

8:00 – Polls have just opened for election day for Tasmania’s 2025 state election.

I won’t be blogging during the day today, but I will be covering the results tonight in a separate live blog. I’m also going to try posting some updates on Instagram during the night, so please give me a follow over then.

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Your Democracy Saturday, July 19, 2025 - 07:22 Source

Donald Trump's July 14 statement, accompanied by a staged scene with the NATO secretary general, and his offhand remark about the first lady (which was quickly promoted in Kiev), has turned out to be one of his most complex statements of his presidency.

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MacroBusiness Saturday, July 19, 2025 - 07:00 Source

When the latest Q4 2024 net overseas migration figures were released by the ABS in June, they revealed that annual rolling net migration had fallen to 340,800. While this represented a significant reduction from the peak of 555,800 recorded in Q3 2023, it remained significantly higher than the 250,000 initially forecast by the federal Treasury.

The post Australia on the verge of a new migration boom appeared first on MacroBusiness.

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Renew Economy Saturday, July 19, 2025 - 06:58 Source
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Your Democracy Saturday, July 19, 2025 - 06:36 Source

The cabinet of former German Chancellor Olaf Scholz allocated nearly €590,000 ($640,000) in public funds for makeup artists and stylists for government officials between 2022 and March 2025, Bild has reported, citing government data.

 

Germany’s Baerbock spent €250 a day on makeup – Bild

 

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Your Democracy Saturday, July 19, 2025 - 05:55 Source

 

The UK government is secretly paying foreign YouTube stars to publish “propaganda” videos, Declassified can reveal.

A three-year investigation has found that online influencers are made to sign legal contracts banning them from disclosing the government’s involvement.

Whitehall officials give “feedback” on each video before the influencers are allowed to publish them. 

 

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MacroBusiness Saturday, July 19, 2025 - 00:05 Source

International Reading: Student-loan borrowers are at high risk if Trump dismantles the Department of Education, 11 organizations told Elizabeth Warren – Business Insider Texas ranks as No. 1 state with the most people in financial distress – Dallas Culture Map The number of first-time homebuyers is plummeting. Why that’s bad news for the US economy.

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

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MacroBusiness Friday, July 18, 2025 - 16:00 Source

Most share markets in Asia are lifting going into the final trading session of the week although Japanese bourses are cautious given the domestic election this weekend and the concern over inflation after today’s June print. Meanwhile speculation is rising that the Fed will cut rates at the next FOMC meeting with currency markets selling

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, July 18, 2025 - 15:19 Source
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Renew Economy Friday, July 18, 2025 - 14:20 Source
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MacroBusiness Friday, July 18, 2025 - 14:00 Source

The economy must suffer, and workers in particular, because the Reserve Bank of Australia will not, under any circumstances, mention immigration. And so, it carries on like a pork chop about the risk of rising wages; when it is not fighting 620k unemployed, it is fighting 50 million unemployed in India, or 350% unemployment. There

The post Blind RBA needs to cut 50bps appeared first on MacroBusiness.

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Renew Economy Friday, July 18, 2025 - 13:49 Source
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Renew Economy Friday, July 18, 2025 - 13:45 Source
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Your Democracy Friday, July 18, 2025 - 13:37 Source

Harrisburg: US President Donald Trump says he will sue the Murdoch-owned The Wall Street Journal for a story claiming he wrote a cryptic letter – with a drawing – to now-convicted sex offender Jeffrey Epstein for the disgraced financier’s 50th birthday.

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MacroBusiness Friday, July 18, 2025 - 13:30 Source

In June, Australian property values reached a record high, as illustrated by PropTrack below. The Westpac Consumer Sentiment Index, released this week, confirmed that Australians had turned hyper-bullish on property prices, expecting large increases in the coming months. As illustrated below by AMP chief economist Shane Oliver, consumer expectations for house price growth have hit a

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Renew Economy Friday, July 18, 2025 - 13:26 Source
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MacroBusiness Friday, July 18, 2025 - 13:00 Source

I have noted the pivot at Crikey to Wokey over the past few years. Gone are hard-hitting critiques based upon a push for political and national interest transparency. In their place now is a conga line of whingers seeking to cancel anybody who upsets a snowflake. This is its choice, and reducing its coverage to

The post Albo releases tide of China grovelling appeared first on MacroBusiness.

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MacroBusiness Friday, July 18, 2025 - 12:30 Source

Australia is experiencing a generational housing shortage, exacerbated by historically high immigration-driven population growth and a sluggish housing supply. A meeting of the national cabinet in August 2023 agreed on a National Housing Accord, which aims to build 1.2 million new homes between July 1, 2024, and July 1, 2029. This 1.2 million target requires

The post Why we cannot build enough homes appeared first on MacroBusiness.

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Renew Economy Friday, July 18, 2025 - 12:08 Source

port augusta wind solar

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MacroBusiness Friday, July 18, 2025 - 12:00 Source

Net overseas migration into New Zealand has collapsed to a 2½-year low and is tracking around half the historical average. The slump in immigration has worked wonders for housing affordability, with home prices and rents declining amid weaker demand. Real house prices in New Zealand have crashed back to pre-pandemic levels, while mortgage rates have

The post New Zealand scrapes bottom of immigration barrel appeared first on MacroBusiness.

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MacroBusiness Friday, July 18, 2025 - 11:30 Source

The Australia-United States Free Trade Agreement (AUSFTA), which took effect in 2005, was a bad deal for Australia that favoured the United States at our expense. The Crawford School of Public Policy at the Australian National University (ANU) analysed AUSFTA and discovered that a decade later, the agreement had diverted more trade than it created.

The post Australia should withdraw from its FTA with the USA appeared first on MacroBusiness.

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Cheeseburger Gothic Friday, July 18, 2025 - 11:01 Source

I blew through 50,000 words on the first draft of the manuscript for World War 3.2 yesterday. That always feels like a significant milestone and I was pretty happy to see the numbers tick over.

Weirdly enough, I have this thing where I get frustrated when the manuscript reaches 60,000 words. I hold onto that frustration all the way through the 60s until I reach 70,000 words, at which point it feels like I can see the end of the book even if I'm aiming for at least 120K words, which I am with WW 3.2.

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MacroBusiness Friday, July 18, 2025 - 11:00 Source

Honestly, if everybody is happy to take this, then they deserve it. AFR. Prime Minister Anthony Albanese has ruled out watering down foreign investment rules despite criticism from Beijing but reassured Chinese gas companies that supply contracts won’t be cancelled should the government establish an east coast gas reservation. Chinese fears over a potential threat

The post Leave Albo in China, bring back Aussie gas appeared first on MacroBusiness.

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THE BLOT REPORT Friday, July 18, 2025 - 10:58 Source
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