Blogotariat

Credit ratings agency S&P notes that the combined budget deficits of Australia’s state and federal governments total $52 billion, while the net debt now exceeds 60% of the country’s GDP. This equates to a per capita deficit of $1,897 and a net debt of $45,183 per capita. Meanwhile, the combined net debt of the federal,

The post Australia’s finances and economy are unsustainable appeared first on MacroBusiness.

On this episode of The David Frum Show, David opens with a Memorial Day message about corruption and extortion in the Trump White House, including revelations about meme-coin pay-to-play schemes and foreign-financed golf courses.

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When the pandemic arrived on Australia’s shores in early 2020, housing was already unaffordable for a majority of households, as illustrated by falling homeownership rates and declining rates of household formation. But like the joke that a Russian family friend used to describe his nation’s history, the events that would unfold for Australia’s housing market

Two battery storage companies unveil plans for eight big projects in Spain, as the government, regulator and power companies trade accusations over cause of blackout.

Equity markets outside of Japan in Asia are dragging their feet despite a weaker USD with the Trump regime putting more pressure on Fed Chair Powell not helping. The USD is failing to clawback lost ground with Euro, Swiss Franc and Yuan all making new highs against the “King” as the absence of any real

The post Macro Afternoon appeared first on MacroBusiness.

Claims about the future of renewable gas will be tested in Federal Court after the competition regulator launched its biggest greenwashing lawsuit to date.

This week on The Driven Podcast, Sam Parkinson, Tim Eden and Ed Lynch-Bell unpack Europe’s latest EV trends, BYD’s V2G bundle, and Tesla’s $4.20 robotaxi. Plus — why car-share EVs might drive the next big grid shift.

Regulator rejects call for new inertia market, arguing that it is not urgent. Others are not so sure as debate rages on benefits of spinning machines and inverter based tech.

One council has laid down the law on accommodation for workers building large wind and solar projects, and wants to avoid shanty towns and social cliques.

Below is a fascinating note from Goldman on US tariffs. The domestic corporate goods price index (CGPI) fell -0.2% mom in May, the first decline since August last year, due to lower gasoline prices. In yoy terms, the index decelerated sharply to +3.2% (April: +4.1%). Domestic prices for machinery-related categories showed a mixed picture of

The post Tariffs absorbed by corporate price cuts? appeared first on MacroBusiness.

AER says undersea cable linking Tasmania to mainland can become a regulated asset, to help ensure the "open flow of electricity" across the Bass Strait.

News.com.au reports that Victoria has relaxed its gas phase-out plan, allowing owner-occupiers to continue using gas heaters and reaffirming that businesses can keep gas running in existing commercial buildings: The state will still push ahead with reforms that will make all new homes and most new commercial buildings electric only from 2027. Premier Jacinta Allan