The RBA has been strong on the idea that a rebound in services wage growth is behind the recent bounce in headline inflation. It argues that without productivity, wage inflation must be pushing up prices in these areas. Yesterday’s Wage Price Index was unsupportive of the argument. The WPI was, as expected, stable at 3.4%.
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Labor has missed so many opportunities to rid the nation of this economic millstone that I have no faith it is about to do so. Yet the gas cartel is weak, leaderless, and divided. Top gas executives will gather in Perth this week in a last-ditch attempt to shape the Albanese government’s overhaul of the
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Wall Street managed to escape a selloff overnight with the release of not so quite dovish FOMC minutes, but then the wobbles came through bond and currency markets as the Trump regime announced they weren’t releasing the October jobs print while the November print won’t be after the December Fed meeting. The USD went on
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If you've ever walked past a newsstand, if you subscribe to Libération, if you listen to the radio, or if you have a TV, you know that in 2020, China employed 500,000 slaves in the cotton fields of Xinjiang (1).
The only proof lay in the sheer repetition of the information.
Since the start of 2025, the Australian labour market has been on a rollercoaster. It has produced month-on-month results that any government would gladly take credit for, such as the October print, and it has produced results that policymakers would rather forget, such as the 52,800 jobs lost in the February release. But cutting through
Danny [Daniel Davis] explains that after years of stalled efforts, there are now real signs that the Russia-Ukraine war might be moving toward a negotiated settlement. A secret 28-point U.S.–Russia peace proposal is reportedly being drafted, inspired by Trump’s earlier ceasefire framework used in the Israel–Hamas conflict. The plan reportedly covers four broad categories:
ending the war,
security guarantees for both sides,
This should be a pivotal moment in British history. Our political system has utterly failed to confront a genocide.
I explained this week how the Albanese government has taken specific actions to bolster the flow of international students into Australia. These actions come as the number of international students and graduates in Australia is tracking at a historically high 3.2% of the nation’s population as at Q3 2025, up from the pre-pandemic peak of
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Ukrainian leader Vladimir Zelensky could fire his influential chief of staff, Andrey Yermak, as a full-scale “riot”unfolds within parliament over a vast corruption scandal that allegedly links Yermak to a roughly $100 million kick-back scheme in the country’s energy sector, according to several media reports and lawmakers.
It’s been three long, very long weeks, but the scaffolding finally came down around the house this morning. It went up so the roofers could get up top and repair some damage I didn’t even know was up there.