International Reading: Gen Z would rather cut Social Security benefits for current retirees than pay higher taxes to save the program – Market Watch Trump says tariffs have brought in $18 trillion. That’s impossible – Reason Recession indicator ‘blinking red,’ warns economist – News Week Trump’s tariffs crush small US manufacturers including music gear makers
A better finish for Asian share markets in response to a bounce on Wall Street overnight as a softer than expected CPI print was balanced by more evidence of a softening labour market as the US economy slows down due to the Trump regime’s well – “point at everything”…. The BOJ meeting today resulted in
The post Macro Afternoon appeared first on MacroBusiness.
A hot mid-week day placed Australia’s main grid, the National Electricity Market, under clear operational stress on Thursday, particularly in New South Wales where LOR3 and RERT market notices were issued.
France is building one of its biggest batteries on its territory in New Caledonia, where it will help wean the nickel mining island off coal and oil.
The post Huge new battery will be able to power South Pacific island for three hours a day, and pave way for more solar appeared first on Renew Economy.
ABC News reported that Australians are flocking to cheap retailers like Temu, Shein, and Amazon, which combine ultra-cheap products with fast delivery. However, their success is putting pressure on traditional brick‑and‑mortar retailers, which are struggling to compete. In particular, online giants can undercut prices due to lower overheads, making it difficult for smaller shops to
Australian offshore wind start-up that blazed a trail for the nascent technology will wind up its operations in 2026. Warns Australia needs to "up its game."
The post Australian offshore wind trailblazer pulls up stumps, warns against “overstated risk aversion and timidity” appeared first on Renew Economy.
Below is an excellent satire post from MB reader Erin Rolandsen, CEO of Angelassist and author of beyondtheragemachine.substack.com: With Christmas approaching, many parents are once again facing the annual dilemma: What gift best prepares my child for the world they are inheriting? Toys that encourage imagination? Books that inspire curiosity? Or perhaps something more realistic. This year, why
In a week that could have seen Australia united through tragedy, mainstream media, politicians and many others have taken the opportunity to sow division instead. Even the pollsters.
One of Australia's biggest proposed pumped hydro projects has been given a federal green tick to undertake exploratory works in Queensland's Gympie region.
The post Huge Queensland pumped hydro project gets federal green tick to begin stage one works appeared first on Renew Economy.
On Thursday, the Australian Bureau of Statistics (ABS) released official population and immigration data for the June quarter, revealing that annual net overseas migration (NOM) declined to 305,500. The decline in annual NOM came despite the ABS at the same time releasing detailed labour force data for November, showing that working-age (15-plus) population growth has
The world's biggest isolated grid, in Western Australia, is currently the most gas dependent in the country, but this share will decline rapidly even after the exit of coal.
The post Gas power faces rapid decline in world’s biggest isolated grid, even after exit of coal, as batteries hold court appeared first on Renew Economy.
Two months ago, the Queensland government signalled a major retreat from net zero, announcing it would extend the life of coal-fired power stations until the mid-2040s and expand gas generation capacity under its new five-year energy roadmap. The move significantly undermined the Albanese government’s ambitious 62% to 70% emissions reduction target by 2035. The five-year
As the horrific details of the Bondi massacre came to light, many Australians have been wondering how this could have happened. How did Naveed Akram, linked to Islamic State (ISIS) since 2019, live in a home with his father, Sajid Akram and his half a dozen registered firearms from 2023 onwards? Based on a study
The post ASIO, Bondi and the far right appeared first on MacroBusiness.
The Suburban Rail Loop (SRL) proposed by the Victorian government was opposed by almost all infrastructure experts due to its high cost, lack of a business case, failure to pass any objective cost-benefit analysis, and inability to generate sufficient customer demand. For instance, the SRL East and North parts have a benefit-cost ratio (BCR) of