Blogotariat

Last week, I provided evidence that the famed $48 billion of international education exports were a statistical con. The Australian Bureau of Statistics (ABS) calculates this fantastical export figure by combining “an average spend estimate from Tourism Research Australia … supplemented by the addition of the total expenditure on course fees”. The ABS incorrectly classifies

Cold weather, record demand, less wind, coal outages and a big dependence on gas combined to send average market prices jumping higher in the latest quarter.

Having been endorsed as the only viable candidate to battle Donald Trump in the 2024 presidential elections, Joe Biden was subsequently browbeaten and harried into leaving the way open for another candidate. It involved some movement of political furniture, but nothing more.   The process resulting in Biden’s decision had increasingly bulked over the last…

The post Puppet Realisations: Biden Stands Aside appeared first on The AIM Network.

Updated: Farmers vote in favour of nuclear power plants at two NSW sites, but reject move to stop new solar and wind projects.

There wasn’t much economic data or other events to shake up Asian equities today as US politics continued to dominate risk taking, with Wall Street experiencing a buy the dip rally overnight, some of what spilled over locally but without a lot of confidence. The USD remains mixed against the majors as Yen appreciates while

The post Macro Afternoon appeared first on MacroBusiness.

Media Release GOLD COAST: Emergency services must engage in partnerships with the private sector to contain the impacts of disasters and climate change, according to disaster response and coordination expert Dr Emily Chapman, speaking at a disaster and emergency management conference on the Gold Coast on Tuesday. Dr Chapman, who is a presenter at the…

The post Public-private partnerships key to contain disaster and climate change impacts appeared first on The AIM Network.

I was taken with this bit in The Cut about which on-screen natural disasters would be the most fun and survivable. The dirty little secret of disaster movies is that we all imagine ourselves making it through to the final scene, whereas in reality, we’d all be screaming extras who perished in the opening few minutes.

Well, except for me. I’d make it through.

But I’d have my preferences.

Peter Dutton and some of the LNP's best and brightest gathered atop a small hill on Monday, where they had a panoramic view of one of their chosen nuclear power plant sites, and could repeat their energy nonsense.

Australians have experienced one of the sharpest rises in mortgage rates in the developed world: Australians have also experienced the largest rise in debt servicing costs in the developed world: The reason for Australia’s sharper rise in mortgage costs is that we have one of the highest concentrations of variable rate mortgages in the world.

The post RBA hikes push 800,000 extra Aussies into mortgage stress appeared first on MacroBusiness.

If only: Greens housing spokesman Max Chandler-Mather has made clear the minor party’s policies are aimed at achieving a real decline in housing values over time to ­ensure the next generation has a better chance of buying a home …The Greens have proposed a major overhaul to phase out negative gearing and abolish the ­capital

The post Will The Greens crash house prices? appeared first on MacroBusiness.

A fortnight ago, SQM Research managing director Louis Christopher warned that Melbourne faced “housing price falls… driven by the further deterioration in auction clearance rates over very recent weeks”. Over the weekend, CoreLogic recorded the lowest preliminary clearance rate since the week ending 9 June, with only 66.9% of auctions clearing based on preliminary results.

Alas, this was so predictable: Resources Minister Madeleine King warned that Greens leader Adam Bandt’s plan to demand legislation in a minority parliament restricting LNG export contracts would destabilise international relations and trash Australia’s global reputation. “It’s somewhat ironic that in proposing to tear up Australia’s long-term export contracts, the Greens political party proposes to

After one year of operation, the National Anti-Corruption Commission has spent $65 million on organising itself, pretty presentations, and rejecting submissions of obvious corruption. What’s the scam?

The scam is how the Labor Government colluded with the opposition to set up an anti-corruption body to honour Labor’s election promise, but designed it to avoid investigating each other’s rorts. Party politics at its very worst.