MacroBusiness
Tuesday, July 23, 2024 - 00:05
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A report from Oxford Economics forecasts that 960,000 new homes will be built across Australia over the next five years, well short of the Albanese government’s target of 1.2 million homes. The construction shortfall will mean that the housing crisis will deepen and remain a “chronic” issue. The report’s author, Timothy Herbert, says that dwelling construction The post No end in sight to housing crisis appeared first on MacroBusiness. |
George Monbiot
Monday, July 22, 2024 - 22:54
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Here’s why the government should tax the rich and tax them hard. By George Monbiot, published in the Guardian 14th July 2024 |
Renew Economy
Monday, July 22, 2024 - 22:19
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Renew Economy
Monday, July 22, 2024 - 18:35
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The Australian Independent Media Network
Monday, July 22, 2024 - 18:34
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By Roger Chao Dear Children of the Tomorrow, in sorrowed verse we write, To pen our deep apology beneath the failing light. We’ve ravaged Eden’s gardens and scarred her innocent face, And left a fractured legacy of greed’s unyielding pace. Forgive us for the forests, where once the giants stood, Their branches high and mighty,… The post A letter to the children of tomorrow appeared first on The AIM Network. |
How this Aussie startup is disrupting the car transport industry by empowering small business owners |
The Australian Independent Media Network
Monday, July 22, 2024 - 17:46
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Now the news cycle has certainly moved on with Joe Biden announcing that he wouldn’t be standing which took everyone, including Joe, by surprise. While I’m not suggesting anything untoward, I do have to say that I wouldn’t be paying any ransom for President Biden until I had proof of life. At the risk of… The post Hulk Hogan Endorses Trump Then Rips His Own Clothes! appeared first on The AIM Network. |
John Quiggin
Monday, July 22, 2024 - 17:22
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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. |
The Australian Independent Media Network
Monday, July 22, 2024 - 17:21
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By Tess Lawrence America is one President down. Joe Biden has withdrawn from the presidential race. His demise was brought about not by a sniper’s bullet, but by assassins of another kind in both insidious and ignominious ways. Cognitive impairment is one thing but this octogenarian’s past months in office reflect more shame on others,… The post America one President down: King Lear makes way for King Leer appeared first on The AIM Network. |
Renew Economy
Monday, July 22, 2024 - 16:47
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Cheeseburger Gothic
Monday, July 22, 2024 - 16:43
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I started watching this AppleTV sci-fi alternate reality series while I was down in Tassie and quickly got hooked. The premise is very me. A dude with a slightly disappointing but basically decent life gets sucked into a mirror maze of alternate timelines — or kidnapped into it, to be honest — and has to make his way home. An increasingly difficult and dangerous ask. |
Cheeseburger Gothic
Monday, July 22, 2024 - 16:30
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My bad. Accepting all the paid subscriber pledges last week reset the blog to a carnivorous money-making machine and turned off comments for pretty much everyone. Hopefully, that’s now sorted. Although, I guess if its not, I won’t know. |
MacroBusiness
Monday, July 22, 2024 - 16:30
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US politics dominated the risk markets as a new trading week got underway as President Biden pulled out of the race, leaving convicted felon Trump the oldest presidential nominee in history. With Wall Street slowly increasing their bets that he was likely to win in November before the weekend news, markets are now quite unsettled The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Monday, July 22, 2024 - 14:19
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Renew Economy
Monday, July 22, 2024 - 14:11
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Renew Economy
Monday, July 22, 2024 - 14:09
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MacroBusiness
Monday, July 22, 2024 - 14:00
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Independent economist Tony Alexander has written a detailed note on New Zealand’s stagflation economy and its implications for interest rates. Although domestic inflation remains stubbornly high, Alexander believes that the steepening recession will prompt the Reserve Bank to commence its easing cycle in November, if not earlier. Statistics New Zealand released the June quarter inflation |
MacroBusiness
Monday, July 22, 2024 - 13:30
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Introduced in 2000, the Luxury Car Tax (LCT) was imposed on imported vehicles to partly to protect the domestic car making industry that existed at the time. However, the LCT includes an exemption for “a commercial vehicle designed mainly for carrying goods and not passengers”. The Australia Institute (TAI) contends that this exemption is essentially The post Why is Australia still protecting the car industry? appeared first on MacroBusiness. |
MacroBusiness
Monday, July 22, 2024 - 13:00
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The Fake Greens have taken populism and loonyism to new heights with Deputy Leader in the Senate, Nick McKim, calling on the Albanese government to stop the Reserve Bank of Australia (RBA) from lifting interest rates. “The mechanics of section 11 are that the treasurer can advise … the governor-general that is, to issue an The post The Greens are economic vandals appeared first on MacroBusiness. |
The Australian Independent Media Network
Monday, July 22, 2024 - 12:34
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The International Court of Justice has again deliberated over the thorn-bloodied subject of Israeli-Palestinian relations. Its latest advisory opinion, sought by the UN General Assembly early last year, was unremarkably conventional though nonetheless affirming: a finding that Israeli settlements in the West Bank and East Jerusalem, along with “the regime associated with them, have been… The post Conventional Wisdom: The ICJ Ruling on Israeli Settlements appeared first on The AIM Network. |
MacroBusiness
Monday, July 22, 2024 - 12:30
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Newspoll is unchanged at 51-49 to the government today: However, a new Freshwater poll has the LNP up by the same margin. Moreover, the aggregated polling trend is not Albo’s friend: He has butchered the ALP’s leadership in the critical areas of economic management and national security. However, health is the government’s trump card: It’s The post Albo’s polling slip slides away appeared first on MacroBusiness. |
Renew Economy
Monday, July 22, 2024 - 12:04
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MacroBusiness
Monday, July 22, 2024 - 12:00
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Sometimes this job is boring—interpolating data, watching indicators grow like grass, and watering the intellectual desert of the Aussie media. Yawn Then there is the single most onerous task I have had to undertake in thirteen years of writing – analysing the self-serving guff of Dr Jim Chalmers. Alas, I am forced back into the The post Chalmers buries own wellbeing drivel appeared first on MacroBusiness. |
The Australian Independent Media Network
Monday, July 22, 2024 - 11:55
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By Fred (An insight to the staggering ballpark numbers needed to achieve NZ By 2050). Out of idle curiosity I got to wondering how big the NZ 2050 challenge is if the renewables source energy was electricity. Fossil fuels (coal, oil and gas) accounted for 91% of Australia’s primary energy mix in 2021-22. Oil accounted… The post The Transition to Net Zero appeared first on The AIM Network. |
Renew Economy
Monday, July 22, 2024 - 11:33
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MacroBusiness
Monday, July 22, 2024 - 11:30
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Earlier this year, former ACCC chairman Allan Fels and transport expert David Cousins released a report warning that Transurban is robbing Sydney motorists and urging the New South Wales government to take control of the state’s toll roads. Transurban controls 11 of New South Wales’s 13 toll roads, each of which was negotiated under a The post Australia’s toll road economy eats itself appeared first on MacroBusiness. |
MacroBusiness
Monday, July 22, 2024 - 11:00
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Albo’s new energy shock appears just about over for this winter, with gas glued to his stupid $12Gj gas price floor: And QMA power prices are about to top out at $155MWh: It’s been a doozy and as prices fall into the off-season, I expect a higher low than last Spring. Big coal is making The post Greens cut gas Gordion knot appeared first on MacroBusiness. |
MacroBusiness
Monday, July 22, 2024 - 10:30
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The Market Ear ventures inside the AI bubble. AI chose violence The Bespoke AI Basket that’s made up of 50 key AI stocks was down 5.6% over the last two days coming into Friday, which was the biggest 2-day drop since ChatGPT was released in late 2022. Bespoke Where is my ROI, Jensen…? Change in The post AI bubble pops appeared first on MacroBusiness. |
MacroBusiness
Monday, July 22, 2024 - 10:00
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The number of cafes has grown dramatically across Australia during the last two decades. When I moved to Melbourne’s Ashburton area in 2006, my local High Street strip shop had about four cafes. Over the next 18 years, I observed the number of cafes grow to ludicrous numbers. There are now more than a dozen The post Australians tire of $5 coffees appeared first on MacroBusiness. |
xkcd.com
Monday, July 22, 2024 - 10:00
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