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Renew Economy
Tuesday, August 27, 2024 - 09:43
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MacroBusiness
Tuesday, August 27, 2024 - 09:41
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Goodbye BHP dividend: BHP shareholders will take a 14 per cent dividend cut in a fresh sign the acquisitive miner is reserving a greater proportion of earnings for growth bets. Investors will receive a US74¢ ($1.09) final dividend after BHP posted a slightly better than expected $US13.7 billion underlying profit on Tuesday. When added to The post BHP dies the death of a thousand dividend cuts appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, August 27, 2024 - 09:30
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Qingdao iron ore was up 1.3% to 93.06 yesterday. SHFE and SGX rallied: As did Dalian, however, there is still no profitability for steel mills. Nothing has improved for the ferrous complex. A wider commodity rally on the back of an easing Fed and falling DXY is helping. But this crisis is much larger than The post Iron ore rally defeats itself appeared first on MacroBusiness. |
MacroBusiness
Tuesday, August 27, 2024 - 09:00
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Overnight saw a retracement of Friday night’s ebullient and anti-USD moves with the latest US durable goods order print putting in a mixed result. Wall Street was up initially but stumbled on tech earnings while European shares were largely unchanged. The USD has seen a rebound which is more like a reversion to mean with The post Macro Morning appeared first on MacroBusiness. |
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Renew Economy
Tuesday, August 27, 2024 - 08:59
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The Australian Independent Media Network
Tuesday, August 27, 2024 - 07:38
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ActionAid Media Release Nuku’alofa, TONGA – At least US$1 trillion is needed to support low-income countries bearing the brunt of the climate crisis, according to a new report – Seizing the Moment: A New Climate Finance Goal That Delivers for the Pacific. The report’s release by a coalition of NGOs coincides with the attendance of… The post NGOs urge Australia to back $1 trillion climate finance goal appeared first on The AIM Network. |
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MacroBusiness
Tuesday, August 27, 2024 - 07:00
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Deloitte’s latest employment forecasts report says that Australia’s economy “is at a critical juncture” following two years of rate hikes from the RBA. Deloitte noted that the economy is “stagnating and growing at its slowest rate (outside of the pandemic) since the early 1990s recession”, which is “finally bleeding through to the labour market”. Most The post Private sector hiring freeze screams “recession” appeared first on MacroBusiness. |
MacroBusiness
Tuesday, August 27, 2024 - 06:53
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DXY firmed last night: AUD softened: North Asia too: The warmongers of the European fringe lifted oil: Metals mostly eased: Miners up: EM down: Junk has cooled its jets: Yields firmed: Stocks eased: BofA sums my views pretty well: AUD: rates tailwind… We continue to see the AUD gradually higher over the next few quarters The post Australian dollar hit by warmongers of Europe appeared first on MacroBusiness. |
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The Australian Independent Media Network
Tuesday, August 27, 2024 - 05:53
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It began as a devastating, confined storm off the coast of Sicily, striking the luxury yacht Bayesian in the form of a devastating water column resembling a tornado. Probability was inherent in the name (Thomas Bayes, mathematician and nonconformist theologian of the 18th century, had been the first to use probability inductively) and improbability the… The post Mike Lynch, Probability and the Cyber Industrial Complex appeared first on The AIM Network. |
Your Democracy
Tuesday, August 27, 2024 - 04:11
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Donald or Kamala, the AMERICAN EMPIRE domestic agenda is fuelled by two premises: EXTERNAL FOREVER WARS (even by proxy) and a HUGE non-serviceable DEFICIT. I say "non-serviceable" because the only way AMERICA can pay back the interest on the GOVERNMENT "borrowings" is by printing more DEFICIT cash. |
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Your Democracy
Tuesday, August 27, 2024 - 03:26
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According to GUS's rapporter, during the interview of David Baddiel by Simon Longstaff — at the "Sydney Festival of Dangerous Idea" — Simon asked about the "Ukrainians under the bombs praying to God...". Simon did not mention where the bombs came from. David did not bite and went on merrily making jokes about his Rabbi being an atheist. As well, he said, every "believers" as such is a God-Chosen People, a concept which is is not exclusive to the JEWS...
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MacroBusiness
Tuesday, August 27, 2024 - 00:10
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Australia’s governments have conducted various housing affordability inquiries over the years, including but not limited to: Menzies Research Centre: Prime Ministerial Taskforce on Home Ownership 2003; The Productivity Commission’s First Home Ownership Report in 2004; A Good House is Hard to Find Report from the Senate Select Committee on Housing Affordability in Australia in 2008; |
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Renew Economy
Monday, August 26, 2024 - 18:36
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Your Democracy
Monday, August 26, 2024 - 18:33
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'Only Hearing One Side of The Story': US Cracks Down on Its Own Journalist Due to Fear of Russia The US government’s investigation will present some challenges, because targeting Americans who work with news organizations, even those which are state run could clash with the US First Amendment’s protection of rights to free speech, the newspaper admitted.
BY MARY MANLEY
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The Australian Independent Media Network
Monday, August 26, 2024 - 18:06
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By Jane Salmon 10,000 people have no rights in Australia because they have been mishandled by Morrison’s fast track system. There is no pathway to permanency for them. They have run the gauntlet of courts, expensive lawyers and more. They have nowhere else to go. This is their home. Labor has not come up with… The post Here’s how it is appeared first on The AIM Network. |
MacroBusiness
Monday, August 26, 2024 - 16:30
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Another mixed session for Asian share markets as they absorb the buoyant mood from Wall Street on Friday night as the USD returns to structural weakness following Fed Chair Powell’s highly anticipated speech at the Jackson Hole symposium. The USD is still losing ground against most of the majors with Euro nearly above the 1.12 The post Macro Afternoon appeared first on MacroBusiness. |
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Renew Economy
Monday, August 26, 2024 - 16:09
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John Quiggin
Monday, August 26, 2024 - 16:06
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The mining magnate does away with the constraints of arithmetic, simultaneously demanding lower taxes more public spending and lower deficits |
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The Tally Room
Monday, August 26, 2024 - 16:00
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Ben is joined by the ABC’s Thomas Morgan to discuss the results of the NT election. We talk about the CLP’s big victory, how northern Darwin has flipped back after being solidly Labor for 23 years, and the rise of the Greens and independents on Labor’s left flank. |
Renew Economy
Monday, August 26, 2024 - 15:51
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Renew Economy
Monday, August 26, 2024 - 15:49
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Renew Economy
Monday, August 26, 2024 - 15:28
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Renew Economy
Monday, August 26, 2024 - 15:09
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Renew Economy
Monday, August 26, 2024 - 14:51
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MacroBusiness
Monday, August 26, 2024 - 14:00
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It is becoming clear that the Reserve Bank of New Zealand was too aggressive in raising interest rates, delivering one of the largest increases in mortgage rates in the world: New Zealand’s per capita GDP has fallen by 4.3% from its late 2022 peak, following six straight consecutive declines: High frequency indicators suggest that per The post Reserve Bank drives retail spending back to 2016 appeared first on MacroBusiness. |
MacroBusiness
Monday, August 26, 2024 - 13:30
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Goldman addresses the freefalling DXY. USD: Cut but don’t run. The time for cuts has come, and FX markets clearly see that as a time to short the Dollar. It is understandable because the Dollar starts from a position of being highly valued, and because the Fed can and may adjust real rates faster than The post Major bank: Australian dollar won’t get far appeared first on MacroBusiness. |
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MacroBusiness
Monday, August 26, 2024 - 13:00
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Data from the Actuaries Institute shows that 1.6 million Australian households are now under financial stress due to the rising cost of home insurance premiums. This represents an increase of 360,000 households, 30% higher than a year ago. Sharanjit Paddam, the lead author of the Actuaries Institute’s report, says insurance premiums are rising faster than The post Home insurance: the latest cost of living crisis appeared first on MacroBusiness. |
The Australian Independent Media Network
Monday, August 26, 2024 - 12:34
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La Trobe University Media Release La Trobe Ideas and Society Program presents Domestic Violence: Why? What has to be done? This year has seen a sharp rise in awareness of the violent, sometimes murderous, threats to women and their children, by current or former intimate partners. The terrible stories of Rosie Batty, Hannah Clarke and… The post Domestic Violence: What has to be done? appeared first on The AIM Network. |
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MacroBusiness
Monday, August 26, 2024 - 12:30
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Morgan Stanley thinks it through. No V-shape, but a modest recovery may be good enough. US steel prices appear to have bottomed, with recent price hikes by Nucor and Cliffs lifting spot US HRC toUS$695-700/st (+7% from the recent lows); we see room for a modest US$20-25/t uplift into YE as US imports continue to The post What will collapsing Chinese steel exports do? appeared first on MacroBusiness. |
The Australian Independent Media Network
Monday, August 26, 2024 - 12:17
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Healthy Futures Media Release Today, the Australian Government took a significant step towards improving the integrity of Australia’s emissions reporting by committing to creating an expert panel to advise on fixing under-reporting methane pollution and removing outdated estimate-based methods for calculating methane emissions. This comes after Healthy Futures, one of Australia’s leading health and climate advocacy… |
