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MacroBusiness Tuesday, July 16, 2024 - 14:00 Source

According to Herald-Sun special investigator Sue Dunlevy, nearly 80 private hospitals across Australia have closed during the last five years, and the private hospital sector lost a combined $611 million in 2023-24. Two-thirds of elective surgery is undertaken in private hospitals, and the growing exodus from the sector is putting further pressure on public hospitals’

The post Australia’s hospital system is collapsing appeared first on MacroBusiness.

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Renew Economy Tuesday, July 16, 2024 - 13:56 Source
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Renew Economy Tuesday, July 16, 2024 - 13:56 Source
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Renew Economy Tuesday, July 16, 2024 - 13:53 Source
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Renew Economy Tuesday, July 16, 2024 - 13:53 Source
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MacroBusiness Tuesday, July 16, 2024 - 13:30 Source

The similarities between the Albanese Government and the former Rudd Labor Government are uncanny. Both came to power following a long stint in the political wilderness and initially rode a wave of strong popular support. And both quickly established national summits to ‘solve’ the nation’s problems: The Rudd Government’s Australia 2020 Summit was a two

The post Albo has followed Kevin Rudd into oblivion appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2024 - 13:00 Source

Australia’s housing market is experiencing “an exodus of investors” according to Jonathan Chancellor. “Ray White calculated 35.8% of its sellers across Australia last week were investors, which was a higher investor exodus than June when it averaged 30.2%”, Chancellor wrote. “It was the highest weekly percentage since March”. Suburbtrends also argues that an “investor exodus”

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MacroBusiness Tuesday, July 16, 2024 - 12:30 Source

Resolve out with another bad poll for Albo: Albo is increasingly hated: And blamed: It’s the economy, stupid: The LNP now leads ALP 40% to 24% on economic management. BludgerTrack still gives Albo the edge on TPP:    However, the clear prospect of a lunatic Greens minority government will terrify the centre as the election

The post It’s the economy, stupid appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2024 - 12:00 Source

Is the evil emperor worth listening to on energy? Yes! Conducting the interview, Paul Whittaker – a former editor-in-chief of The Australian and the current chief executive officer of Sky News Australia – asks Mr Murdoch: “Do you think the net zero targets are achievable, and can Australia and other first world countries get the

The post Gas is the answer to everything appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2024 - 11:30 Source

In May, The AFR published the following chart showing how Australia has benefited the most from global commodity prices over the last 20 years: “The price received for exports has surged ahead of other countries, including big iron ore producer Brazil and oil and gas exporters Canada and the United States”, wrote John Kehoe. “Compared

The post Australia could have been rich. We chose to be poor. appeared first on MacroBusiness.

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Renew Economy Tuesday, July 16, 2024 - 11:02 Source
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Renew Economy Tuesday, July 16, 2024 - 11:02 Source
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MacroBusiness Tuesday, July 16, 2024 - 11:00 Source

This woman is appalling: Home Affairs Minister Clare O’Neil has warned that democracy in Australia is under attack from the spread of misinformation, rise of new media platforms, threat of foreign interference and declining social cohesion. Speaking in the wake of the assassination attempt on Donald Trump, Ms O’Neil said that declining trust was a

The post Democracy has an Albo problem appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2024 - 10:30 Source

Perth dwelling values have rocketed by 69% since the beginning of the pandemic in March 2020, according to PropTrack: Perth is also experiencing the strongest rental growth in the nation, rising by 13.1% (houses) and 13.7% (units) according to CoreLogic: Perth’s property boom is being fuelled by extreme population growth, with Western Australia’s population soaring

The post “Hunger games” drives Perth property boom appeared first on MacroBusiness.

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Renew Economy Tuesday, July 16, 2024 - 10:15 Source
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Renew Economy Tuesday, July 16, 2024 - 10:15 Source
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MacroBusiness Tuesday, July 16, 2024 - 10:00 Source

The iron ore jaws are still yawning: Dalian can’t get a bid: Coking coal: Yesterday’s China data indicated property completions are sagging in a hurry. The 2022 crash was the Evergrande freeze. Today’s tumble is more fundamental as building stock (-18% from peak) catches down to floor area starts (-72% from peak): Once upon a

The post Iron ore goes off the completions cliff appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, July 16, 2024 - 09:55 Source

By Denis Hay Introduction Australia faces several critical deficits that threaten its future. From education and jobs to healthcare and climate, these deficits undermine social justice and economic stability. This article delves into these key areas, providing insights and solutions for a better Australia. Join us as we explore how to address these deficits and…

The post Deficits That Really Matter: Shaping Australia’s Future appeared first on The AIM Network.

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MacroBusiness Tuesday, July 16, 2024 - 09:30 Source

Chinese GDP has ground to a halt as the consumer buckles. Once we add a GDP deflator of around -0.5%, and calculate writedowns correctly, growth is even worse than it looks: There is no obvious end in sight as Chinese household debt deflation embeds and retail ebbs away: Net new bank lending to households fell

The post China crisis 2025! appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2024 - 09:00 Source

Overnight saw the complete market reaction to the weekend near miss events with European markets pulling back while US stocks lifted slightly as bonds sold off on the long end of the curve. The absence of economic events was highlighted by moves to currencies on the words of Fed Chair Powell with the USD moving

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Tuesday, July 16, 2024 - 08:50 Source
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Renew Economy Tuesday, July 16, 2024 - 08:50 Source
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Your Democracy Tuesday, July 16, 2024 - 07:36 Source

For the sake of America’s security and world peace, the U.S. should immediately abandon the neocon quest for hegemony in favour of diplomacy and peaceful co-existence.

 

NATO and the deadly strategy of neoconservatism    By Jeffrey D. Sachs

 

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Your Democracy Tuesday, July 16, 2024 - 07:19 Source

Donald Trump, the Republican candidate for US president in the upcoming November election, has tapped JD Vance as his running mate.

The announcement was made on the first day of the Republican National Convention in Milwaukee, Wisconsin.

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MacroBusiness Tuesday, July 16, 2024 - 07:00 Source

The higher education lobby, politicians, economists, and policymakers continually tout that international students are a vital export industry for Australia, generating $46 billion of export earnings for the nation. This fantastical export figure is published by the Australian Bureau of Statistics (ABS) and is derived by combining “an average spend estimate from Tourism Research Australia …

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MacroBusiness Tuesday, July 16, 2024 - 06:51 Source

DXY held on last night but is under pressure: AUD pulled back: With North Asia: Commods were hosed: Miners too: EM flamed out: But junk is offering risk marginal support: Amid the bull steepening: Which is aiding stocks: It still looks to me like AUD can go higher. Fed cuts loom, perhaps as early as

The post Australian dollar to boom and bust appeared first on MacroBusiness.

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Renew Economy Tuesday, July 16, 2024 - 06:19 Source
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Renew Economy Tuesday, July 16, 2024 - 06:19 Source
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John Quiggin Tuesday, July 16, 2024 - 06:13 Source

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.

I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.

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Renew Economy Tuesday, July 16, 2024 - 03:01 Source
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