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Monday, October 11, 2021 - 10:55
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Monday, October 11, 2021 - 10:55
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Monday, October 11, 2021 - 10:55
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Monday, October 11, 2021 - 10:55
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Monday, October 11, 2021 - 10:55
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Monday, October 11, 2021 - 10:55
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The Tally Room Monday, October 11, 2021 - 10:30 Source

I have been paying a lot of attention to local councils in New South Wales over the past year, with a particular focus on the more populous councils. As part of my analysis, I decided to draw a line under those councils with a population of over 100,000 people. When I prepared my guides for the 2016 and 2017 council elections, there were 23 councils meeting this criteria. But now there are 25, with Camden and Shoalhaven councils crossing the line since the last round of elections.

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Your Democracy Monday, October 11, 2021 - 10:25 Source

pandorapandora

The revelations in the ICIJ’s 2016 Panama Papers’ data dump shone a light on tax crimes taking place via offshore tax havens – many of which, such as Panama itself, have since tightened rules, including joining international tax transparency efforts.

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MacroBusiness Monday, October 11, 2021 - 10:00 Source

When MB successfully forecast and then chronicled Australia’s great “lost decade” of the 2010s, we did not anticipate it leaving a toxic rhetorical legacy worldwide. The political carnage of the “lost decade”, in which we plodded through six PMs in seven years has, unfortunately, populated the world with a phalanx of young(ish) and damaged political

The post Australia’s five Donald Trumps should shut up appeared first on MacroBusiness.

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MacroBusiness Monday, October 11, 2021 - 09:57 Source

Victoria has recorded another 1612 locally acquired COVID cases and eight deaths: Reported yesterday: 1,612 new local cases and 0 cases acquired overseas. – 34,279 vaccines administered – 73,138 test results received – Sadly, 8 people with COVID-19 have died More later: https://t.co/OCCFTAtS1P#COVID19Vic #COVID19VicData pic.twitter.com/WSU1ie4JU6 — VicGovDH (@VicGovDH) October 10, 2021 It was the lowest

The post Victoria records 1612 COVID cases, 8 deaths appeared first on MacroBusiness.

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Renew Economy Monday, October 11, 2021 - 09:51 Source

More than 1GW of new wind, solar and battery storage capacity has been registered in the past three months, but number of new committed projects has slowed.

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MacroBusiness Monday, October 11, 2021 - 09:30 Source

The end of the global energy crisis is in sight. But we are not there yet and it will take the rest of the year to resolve. China is both driver: And solution: Chinese premier stresses power, coal supply – Xinhua Chinese Premier Li Keqiang has called for market-oriented approaches and reform measures to safeguard

The post Global energy crisis mounts towards crash appeared first on MacroBusiness.

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Your Democracy Monday, October 11, 2021 - 09:10 Source

populationpopulation

Britain and other Western nations should welcome declining populations and ageing demographics as it will help them meet climate change goals, the former chairman of the Financial Services Authority (FSA) has argued.

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MacroBusiness Monday, October 11, 2021 - 09:00 Source

There’s no stopping it. First up, September sales were a write-off: China’s new home sales during the week-long National Day holiday declined significantly from a year earlier, led by sharp drops in lower-tier cities, as the housing market in the world’s second largest economy continues to cool down. New home sales measured by floor space

The post China’s property market is crashing appeared first on MacroBusiness.

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MacroBusiness Monday, October 11, 2021 - 08:30 Source

The risk world was surprised by a much lower than expected US unemployment print as the latest jobless claims undershot by over half. European equities all finished lower while Wall Street’s bounceback stalled out completely, leaving Asian share markets with a big headwind to start the new trading week.  USD remained relatively strong against most

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, October 11, 2021 - 08:00 Source

Auction clearance rates were universally strong over the weekend despite strong volumes. The national preliminary clearance rate was 83.3%, down only slightly from the 84.4% recorded the prior weekend. This was off a whopping 2,727 volumes, up from the prior weekend’s 1,986. Sydney’s preliminary clearance rate remained rock solid at 83.2% versus 82.4% the prior

The post Auction market runs white hot appeared first on MacroBusiness.

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John Quiggin Monday, October 11, 2021 - 07:03 Source

A new sandpit for long side discussions, conspiracy theories, idees fixes and so on.

To be clear, the sandpit is for regular commenters to pursue points that distract from regular discussion, including conspiracy-theoretic takes on the issues at hand. It’s not meant as a forum for visiting conspiracy theorists, or trolls posing as such.

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John Quiggin Monday, October 11, 2021 - 06:48 Source

Back again with another Monday Message Board.

Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link.

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Renew Economy Monday, October 11, 2021 - 06:10 Source

Australia may be banking on a "gas-led recovery", but most other major economies are looking the other way.

The post As Australia plots “gas-led” recovery, UK decides that gas is next fossil to go appeared first on RenewEconomy.

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MacroBusiness Monday, October 11, 2021 - 00:10 Source

For years MB has lamented how Australia’s public service has been stripped raw by decades of government outsourcing, waves of senior redundancies, and a preference for governments to seek advice from paid consultants. The end result is that the “frank and fearless advice” that the public service was once renowned for has vanished, replaced by

The post How the “cult of consultants” usurped the public service appeared first on MacroBusiness.

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MacroBusiness Monday, October 11, 2021 - 00:05 Source

The ferrous complex returned from holiday with a bang on Friday October 8, 2021 as spot rallied, paper jumped and steel climbed. Do not be fooled. This is a measure only of how insane markets are right now. Some folks argued that the rally was triggered by the notion that power outages will force the

The post Daily iron ore price update (lunatics chasing pennies) appeared first on MacroBusiness.

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MacroBusiness Monday, October 11, 2021 - 00:05 Source

Friday night saw the Australian dollar bullied up and down as US jobs came in mixed. DXY ended marginally down and EUR up: Australian dollar was firm: Shorts are now extreme: Oil lifted, gold fell: Base metals popped: Miners added a bit: EM stocks too: EM junk is SCREAMING a warning: Yields lifted: Stocks fell:

The post Australian dollar bullied by US jobs appeared first on MacroBusiness.

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MacroBusiness Monday, October 11, 2021 - 00:01 Source

Global Macro / Markets / Investing: Is It Time for a New Economics Curriculum? – New Yorker Over 130 countries clinch a deal that could radically reshape how companies are taxed – NPR World food prices hit 10-year peak – Reuters The Value of Nothing: Capital versus Growth – American Affairs Journal Fed’s Brainard Says

The post Links 11 October 2021 appeared first on MacroBusiness.

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Renew Economy Sunday, October 10, 2021 - 21:00 Source

vegetation offsets carbon trees shell australia select - optimisedThe problem with carbon offsets: We will need them to reach net zero, but they must be real.

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Your Democracy Sunday, October 10, 2021 - 15:36 Source

museummuseum

George Osborne’s work for an investment bank that counts BP among its major clients presents a “glaring conflict of interest” with his new role as chair of the British Museum, campaigners have said.

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Renew Economy Sunday, October 10, 2021 - 13:21 Source

Forrest plans massive hydrogen electrolyser, wind and solar factory in Queensland, part of plans to become green renewables and resources powerhouse.

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John Quiggin Sunday, October 10, 2021 - 12:27 Source

In comments, James Wimberley asked about the recent agreement on a 15 per cent global minimum rate of tax. Over the fold, a section from my book-in-progress (still a bit rough in places), Economic Consequences of the Pandemic addressing this and other points

In the 1980s and 1990s, the financialisation of the economy was viewed in triumphalist terms. Terms like ‘Masters of the Universe’ and ‘The Thundering Herd’ reflected the view of financial markets as not merely beneficent but irresistible and indestructible

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MacroBusiness Sunday, October 10, 2021 - 11:25 Source

Today’s COVID cases were a continuation  of recent trends, with Victoria’s COVID outbreak continuing to worsen while NSW’s improves. Victoria recorded 1890 new locally acquired COVID cases – the second highest daily count on record – alongside five deaths: Reported yesterday: 1,890 new local cases and 0 cases acquired overseas. – 39,861 vaccines administered –

The post COVID Update: VIC COVID cases rise, NSW cases shrink appeared first on MacroBusiness.

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The Australian Independent Media Network Sunday, October 10, 2021 - 11:10 Source

Amazingly, several media outlets seemed to be sympathetic to a police officer who said that she was resigning because she didn’t like enforcing the laws in Victoria… I think I should point out at this point that I’m a Victorian teacher who thinks that because of the pandemic and the possible need for students to…

The post Police Officer Resigns Because She Doesn’t Want To Enforce The Law… breaking news… appeared first on The AIM Network.

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THE BLOT REPORT Sunday, October 10, 2021 - 09:20 Source

Portugal, a nation with a population of just over 10 million, like most countries in Europe, has suffered badly in the pandemic. One in ten of the population have been infected with the SARS-Cov-2 virus, and over 18,000 have died. That is 1,773 deaths per million people. In Australia, although we are in the middle of our third Covid-19 wave, we have only had one in 210 people infected by the virus and 1,389 killed by it; that is 54 deaths per million people1, far fewer per capita than Portugal.

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