Blogotariat

Everyone knows that politicians and their supporters lie. Not long after I began this blog in early 2017, I wrote a piece about how politicians lie and I gave some examples of the different types of lying. They include such types as barefaced lies, butler lies, coverups, lying by omission, false advertising and several others1.

Update: Treasurer Jim Chalmers announced this afternoon that Labor has dumped its unrealised superannuation tax proposal, as well as made several other worthwhile changes. A full breakdown of these changes is available here. Original article below: ———————————————————————————————– The head of Treasury’s revenue group, Diane Brown, has told Senate estimates that the Prime Minister’s office had

I just spent a very satisfying hour entering every verified instance of Anthropic stealing my books to train their AI into the official settlement claim site. Not so satisfying? I only had five claims to make because my useless publishers didn’t register the copyright of most of my books.

I have no idea what sort of payout I’ll get, but the early reports are talking about a couple of grand for each title. Some peeps are holding out for more, but of course, doing that risks getting nothing.

So I’mma just take my windfall now and walk away, I reckon.

ARENA is launching the second $2 billion Hydrogen Headstart round with a focus on hard-to-abate sectors and cost.

From the Market Ear: Here we go SPX trading below trend channel lows for the first time since the latest bull started. Note we are below the 21 day. 50 day comes in at 6600 (futures). We outlined the fading momentum earlier this week, but first let’s see how this closes today. NASDAQ technicals NASDAQ

The post Volatility monster awakens, leverage bites, bulls bleed appeared first on MacroBusiness.

The Queensland government has significantly undermined the Albanese government’s ambitious 62% to 70% emissions reduction target by 2035 by extending the lifespan of the state’s coal-fired generation until the mid-2040s or later. Queensland Treasurer and Energy Minister David Janetzki released the Liberal National Party government’s five-year energy road map on Friday. It called for the

The post Queensland abandons ‘net zero’ appeared first on MacroBusiness.

There is justice in the world, after all. Santos’ GLNG gas export venture in Queensland is emerging as likely to be the biggest casualty in the reforms expected from Labor’s review of the east coast gas market rules, with one analyst estimating it could face a hit of up to several hundred million dollars a

The post Will killing Santos fix gas? appeared first on MacroBusiness.

In an address to the National Press Club, BlueScope CEO Mark Vassella warned that Australia risks following the United Kingdom’s industrial decline if the federal government fails to fix the gas market. Vassella and other industry leaders say that without cheaper gas, the federal government’s Future Made in Australia policy is doomed, and Australia will

The post Labor in civil war over gas reservation appeared first on MacroBusiness.

Wall Street was sent significantly lower on Friday night as the Trump regime was played again by the Chinese in the ongoing trade war, with another TACO trade brewing. After glowing up all week the NASDAQ fell back nearly 4% while the USD fell back against nearly everything and US Treasury yields retreated alongside oil

The post Macro Morning appeared first on MacroBusiness.

In March 2023, the Australian Academy of the Humanities sounded the alarm on the decline in our understanding and knowledge of China through a report on “ Australia’s China Knowledge Capability”.

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.

According to analysis from the Parliamentary Budget Office (PBO), the federal budget could face a $58 billion revenue decline if average productivity growth remains at 0.5% over the next four years. This forecast is deemed credible by economists amid criticism of Treasurer Jim Chalmers’ higher estimate of 1.2%. Australia’s productivity growth has averaged only 0.1%

What a difference a few months makes. The last time Indian Prime Minister Narendra Modi and US President Donald Trump met at the White House in February, the two countries were riding high.