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Your Democracy Thursday, February 13, 2025 - 22:21 Source

Donald Trump stated that he wants the European Union to purchase weapons for Ukraine. Ursula von der Leyen has met with JD Vance and they discussed energy security, trade between the EU and the US and also the situation in Ukraine. Pete Hegseth will not announce a new military support package for Ukraine during the Ramstein meeting of Ukraine Defence Contact Group.

Ursula Has Just Decided The FATE Of Europe

 

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Renew Economy Thursday, February 13, 2025 - 21:18 Source
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Cheeseburger Gothic Thursday, February 13, 2025 - 18:45 Source

I eat a lot of eggs. At least three, sometimes more every day. So I was tempted by this bit in National Geographic about how to boil the perfect egg. (AppleNews link cos NG wants your email addy).

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MacroBusiness Thursday, February 13, 2025 - 17:00 Source

Asian share markets are much more positive in today’s session with shares continuing to rebound in Hong Kong rebounding while local markets are dead flat. Last night’s US CPI print is seeing currency markets move every which way as they also navigate more tariff volatility with Yen firming while the Australian dollar is holding strong

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, February 13, 2025 - 15:09 Source
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Renew Economy Thursday, February 13, 2025 - 15:01 Source
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Renew Economy Thursday, February 13, 2025 - 14:56 Source
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Renew Economy Thursday, February 13, 2025 - 14:06 Source
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Renew Economy Thursday, February 13, 2025 - 14:03 Source
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MacroBusiness Thursday, February 13, 2025 - 14:00 Source

At the 2010 Australian federal election, the Julia Gillard-led Labor Party won a second term after Labor formed a minority government with the support of three independent MPs and one Australian Greens MP. Labor and the Coalition each won 72 seats in the 150-seat House of Representatives, four short of the requirement for a majority

The post History repeats as Australia heads for minority government appeared first on MacroBusiness.

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Your Democracy Thursday, February 13, 2025 - 14:00 Source
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MacroBusiness Thursday, February 13, 2025 - 13:30 Source

The parliament of the energy superidiot is trying to proof itself against Peter Dutton. So it should. Dutton appears so captured by the East Coast gas cartel that, right now, he is a greater national security risk than China. Today’s news is typical. A deal between the government and the Greens to try and stop

The post Peter Dutton is a nation destroying energy lunatic appeared first on MacroBusiness.

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Renew Economy Thursday, February 13, 2025 - 13:03 Source
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MacroBusiness Thursday, February 13, 2025 - 13:00 Source

Australians are drowning in mortgage debt. We have among the most indebted households in the world. Mortgage payments also take up a record share of Australian household disposable income. On Wednesday, the Australian Bureau of Statistics (ABS) released housing finance data for Q4 2024. It revealed that the average Australian home loan has jumped to

The post Australia is the land of the mega-mortgage appeared first on MacroBusiness.

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MacroBusiness Thursday, February 13, 2025 - 12:30 Source

Last year, former federal Treasury official Stephen Anthony warned that Victoria might require a federal “bailout” due to soaring state debt, which reached $27,729 per person in 2023-24. “Victoria is on a suicide mission to record borrowing, just as global interest rates are about to hit 5%”, Anthony warned. “Potholes can’t get filled, emergency departments

The post Victoria becomes nation’s problem child appeared first on MacroBusiness.

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Renew Economy Thursday, February 13, 2025 - 12:24 Source
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MacroBusiness Thursday, February 13, 2025 - 12:05 Source

Tariffs, in an ever-evolving form, are front page of every business paper at the moment. Are they going to give cover for companies to push through another round of price increases? Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen do a deep dive on this topic. Can’t make it to the

The post MB Fund Podcast: Greedflation: Will Tariffs Give Companies An Excuse? appeared first on MacroBusiness.

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MacroBusiness Thursday, February 13, 2025 - 12:00 Source

You probably can centrally plan sex, but China sure doesn’t know how to do it. China’s population shrank for the third straight year in 2024, even though births rose slightly, underscoring a persistent long-term risk for the economy. The total number of people in China fell by over 1.39 million to 1.408 billion last year,

The post You can’t central plan sex appeared first on MacroBusiness.

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MacroBusiness Thursday, February 13, 2025 - 11:30 Source

Here is ‘hire a hawk” Warren Hogan blathering about holding rates high. Sky is lapping the idea of a rate cut being politicised for the ALP when, in fact, it is resistance to the cut that is politicised in favour of the LNP. Aussie inflation is beaten. Services inflation is falling with wages. Core is

The post Murdoch rolls out “hire a hawk” Hogan to bully RBA appeared first on MacroBusiness.

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MacroBusiness Thursday, February 13, 2025 - 11:00 Source

We know it is happening. Several lives have been lost and many more are being put at risk due to a toxic culture of harassment, poor management, burnout and a resourcing crisis in Ambulance Victoria, a parliamentary ­inquiry has heard. Submissions filed by paramedics, patients and their families to the Victorian parliament’s inquiry into the

The post Frontline services crushloaded to death appeared first on MacroBusiness.

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Cheeseburger Gothic Thursday, February 13, 2025 - 10:53 Source

I very much enjoyed this very obviously planted story of ASD punking the Russian cybercrims who stole my Medibank data back in August 2022. The government (in fact, all of the 5 Eyes governments) dropped the story for a bunch of reasons, including image management and deterrence.

I doubt it will have a deterrent effect. You’d need more kinetic solutions for that to truly happen. But it is good narrative management to tell these tales occasionally.

From The SmAge:

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Renew Economy Thursday, February 13, 2025 - 10:50 Source
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MacroBusiness Thursday, February 13, 2025 - 10:30 Source

Dr Raffaele F. Ciriello, a Senior Lecturer in Business Information Systems at the University of Sydney, claims that corporate elites have hijacked Australian universities. Australian public universities are no longer run for education. They have been taken over by a managerial elite that prioritises profits over academic integrity. Vice-chancellors earn more than the Prime Minister,

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Your Democracy Thursday, February 13, 2025 - 10:28 Source

“Trump appears to have a better understanding of the causes and conditions of the Ukraine-Russia and US/NATO versus Russia conflict,” retired US Air Force Lt. Col and ex-DoD analyst Karen Kwiatkowski told Sputnik, commenting on Wednesday’s lengthy telephone conversation between the Russian and US leaders and its focus on Ukraine.

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MacroBusiness Thursday, February 13, 2025 - 10:00 Source

Australia’s manufacturing sector is the smallest in the OECD as a share of the economy. Manufacturing in Australia is also in terminal decline. Incitec Pivot, a major fertiliser company, closed its Australian operations in 2022 due to high energy costs. Qenos, Australia’s last major plastics producer, closed in 2024 due to high energy prices, leaving

The post There is no Future Made in Australia appeared first on MacroBusiness.

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MacroBusiness Thursday, February 13, 2025 - 09:30 Source

I can’t tell if all Aussies hate Donald Trump or if it is just the backward media. What I can tell you is that your best hope of not being destroyed by the homegrown gas export cartel lies not with your leaders but with King Trump. As we know, LNG imports will begin in Australia

The post Only King Trump can prevent the gastastrophe appeared first on MacroBusiness.

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MacroBusiness Thursday, February 13, 2025 - 09:00 Source

The latest US CPI print caused some volatility on currency markets and another wobbly finish on Wall Street overnight but European share markets were less reactive. The USD ended up broadly higher against Yen but other undollars remain somewhat steadfast as it looks like the trade war over tariffs might be a nothing burger. The

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Thursday, February 13, 2025 - 08:29 Source

“Take wisdom from the mouths of mad men” is an old Arabic proverb. It sprang to mind a couple of days ago, when I heard the narcissist leader of the “civilised” world, President Donald Trump, openly calling for the ethnic cleansing of Palestine.

 

Letter to the leaders of the civilised world    By Jafar Ramini

 

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MacroBusiness Thursday, February 13, 2025 - 07:37 Source

DXY shrugged off hot US inflation. AUD did too. The lead boots jaws are closing. Gold and oil do the opposite. Dirt bubblet. Mining doldrums. EM life?!? Nah. Yields up. Stocks flat. US inflation was worse than feared. However, January is always worse than feared, and the BLS has not fully adjusted to it post-COVID.

The post Australian dollar hoses hot US inflation appeared first on MacroBusiness.

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Your Democracy Thursday, February 13, 2025 - 07:29 Source

Donald Trump’s trade war risks changing the Asian power balance, forcing Indonesia to move from its historic stance of neutrality to get closer to China. Duncan Graham reports.

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