The Australian Independent Media Network
Wednesday, December 18, 2024 - 15:03
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Australian Council of Social Service (ACOSS) Media Release ACOSS urges the Federal Government to take stronger action to support people on low incomes and address the hardship facing communities across the country, warning the Mid-Year Economic and Fiscal Outlook (MYEFO) offers a dismal outlook for those struggling the most. “People are scared. They’re anxious about… The post ACOSS responds to MYEFO: Government must do more, not less appeared first on The AIM Network. |
The Australian Independent Media Network
Wednesday, December 18, 2024 - 14:50
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The justifications are always the same. We are moving into territory for security reasons. We are creating a temporary buffer zone from which tactical advantage can be gained against potential dangers. Then, over time, these buffers become strategic fixtures, de facto real estate seizures and annexations. Israel now finds itself in what was a United… The post Feeding Chaos: Israel Cripples Syria’s Defence appeared first on The AIM Network. |
Renew Economy
Wednesday, December 18, 2024 - 14:42
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Renew Economy
Wednesday, December 18, 2024 - 14:42
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The Australian Independent Media Network
Wednesday, December 18, 2024 - 14:41
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CPA Australia Media Release – Mid-year economic update failed to connect the dots between Australia’s increasing deficit and the nation’s desperate lack of business productivity – CPA Australia urges government to focus on the levers it can control to boost productivity and revenue – reduce regulation and encourage business growth – Young Aussies should be… |
MacroBusiness
Wednesday, December 18, 2024 - 13:40
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From the Market Ear: Is Nvidia’s great bull run over? Nvidia’s slide continues as the market props up other tech giants. While Apple hit $251 on Monday, boasting a $3.8 trillion market cap, Nvidia tumbled 1.7% to $132—down 11% from its November highs. Adding insult to injury, Broadcom, another chipmaker, soared 11% to $250, ripping The post AI is so 2024 appeared first on MacroBusiness. |
Renew Economy
Wednesday, December 18, 2024 - 13:24
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Renew Economy
Wednesday, December 18, 2024 - 13:19
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MacroBusiness
Wednesday, December 18, 2024 - 13:13
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From Westpac’s Head of Australian Macro-Forecasting, Matthew Hassan. Key points Leading Index growth rate lifts to 0.32%, holding in slight positive territory. Three quarters of components now giving positive growth signals. External headwinds may intensify in 2025, especially around commodities. The six-month annualised growth rate in the Westpac–Melbourne Institute Leading Index, which indicates the likely |
Renew Economy
Wednesday, December 18, 2024 - 13:12
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MacroBusiness
Wednesday, December 18, 2024 - 12:30
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The Australian Bureau of Statistics (ABS) posted the below image on Twitter (X), showing how the mining industry now uses more energy than any other industry in Australia, overtaking the manufacturing industry for the first time in 2022–23. Notice above how the manufacturing industry’s energy use has declined for over a decade. This makes sense, The post Australian manufacturing will die without cheap energy appeared first on MacroBusiness. |
MacroBusiness
Wednesday, December 18, 2024 - 12:00
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The AFR’s Michael Read has done some great analysis on today’s Mid-Year Economic and Fiscal Outlook (MYEFO), which showed that the federal government will spend a record $90 billion “off-budget” over the next four years, obscuring the true situation facing the budget. This off-budget spending does not show up in the underlying budget deficit or The post Albanese government hides its deficits appeared first on MacroBusiness. |
MacroBusiness
Wednesday, December 18, 2024 - 11:30
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The Q3 2024 national accounts, released this month, revealed that Australia’s economy grew by only 0.8% over the year, the weakest annual growth since the early 1990s recession. The situation was worse adjusting for population growth, with real per capita GDP declining for six consecutive quarters. The market (private) sector has borne the brunt of The post Insolvency storm cuts swathe through economy appeared first on MacroBusiness. |
Your Democracy
Wednesday, December 18, 2024 - 11:10
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MacroBusiness
Wednesday, December 18, 2024 - 11:00
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Business Council of Australia chief executive Bran Black recently lambasted Peter Dutton’s proposal to cut net overseas migration, claiming it would exacerbate skills shortages. “It may also compound our existing skill shortages and make it harder to do business”, he said. Fellow business lobbyists, the Australian Chamber of Commerce and Industry and the Australian Industry |
xkcd.com
Wednesday, December 18, 2024 - 11:00
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MacroBusiness
Wednesday, December 18, 2024 - 10:30
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The Trudeau Liberal Government in Canada is facing electoral annihilation at the 2025 federal election. The most recent polling shows that the opposition Conservative Party has surged ahead in the polls, leading the Liberals by a margin of 23%. The sagging economy and the housing crisis have underpinned the collapse in support for Trudeau’s government. The post Political rats abandon sinking Canadian government appeared first on MacroBusiness. |
Renew Economy
Wednesday, December 18, 2024 - 10:24
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Cheeseburger Gothic
Wednesday, December 18, 2024 - 10:22
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This was written ten years ago. A billionaire warning other billionaires that they are fucking everything up, and soon enough there will be a price to pay. Interestingly, the billionaire prophet says one of the reasons he is a billionaire is because he has a fcility for seeing things coming. Not because he’s extra intelligent or boast some off scale technical brilliance. He’s just less risk averse and he sees things coming. Pitchforks, mostly. |
MacroBusiness
Wednesday, December 18, 2024 - 10:00
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Last month, CommSec released data showing how Australians aged over 60 increased their consumption spending by more than inflation over the past year. Independent economist Tarric Brooker created the following chart, taking a longer perspective on household spending. It shows that older Australians drove consumer spending over the two decades to 2021–22, whereas younger Australians |
Renew Economy
Wednesday, December 18, 2024 - 09:30
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MacroBusiness
Wednesday, December 18, 2024 - 09:00
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Overnight saw the release of the latest US retail sales print but Wall Street and other risk markets are really waiting for this year to end with the FOMC meeting later tonight with a Fed rate cut all but priced in. Political machinations in Europe and Canada were really the only other catalysts pushing currencies The post Macro Morning appeared first on MacroBusiness. |
Your Democracy
Wednesday, December 18, 2024 - 08:56
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The Israeli army is preparing to deploy automated, remotely monitored machine guns to protect illegal Jewish settlements in the occupied West Bank, Israeli Army Radio reported on 15 December. The automated weapons, developed by Rafael Combat Systems, will be installed on watch towers around dozens of settlements and near their entrances. They will be controlled remotely from command centers "to prevent armed attacks and infiltration operations."
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MacroBusiness
Wednesday, December 18, 2024 - 08:00
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Victoria has the highest per capita debt in the nation and the lowest credit rating. Last week’s budget update showed that Victoria’s net debt has ballooned from $36 billion to $155 billion over the past decade. The state’s net debt is projected to rise to $187 billion over the next three years. The expansion of The post Victoria’s public service buries taxpayers in debt appeared first on MacroBusiness. |
Renew Economy
Wednesday, December 18, 2024 - 08:00
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Your Democracy
Wednesday, December 18, 2024 - 07:45
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Your Democracy
Wednesday, December 18, 2024 - 06:43
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Renew Economy
Wednesday, December 18, 2024 - 06:07
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Renew Economy
Wednesday, December 18, 2024 - 05:01
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Your Democracy
Wednesday, December 18, 2024 - 02:20
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Socialism burst on the American political scene with Sanders’ strong bid for the 2016 Democratic presidential nomination. Not a one-time fluke, Sanders currently ranks at the top of the crowded 2020 Democratic field. |