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Oz Blog News Commentary
MacroBusiness Monday, March 9, 2026 - 10:30 Source

With the likelihood of a protracted war in the Middle East increasing, Australia is facing rising energy prices on three fronts. Rising Oil (Petrol and Diesel) Prices: The price of oil has already risen and should continue to do so as global supplies are halted and the Straits of Hormuz seize up. All Iran needs

The post Australia faces a triple-headed energy shock appeared first on MacroBusiness.

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MacroBusiness Monday, March 9, 2026 - 10:00 Source

Proponents of high levels of immigration typically argue that it lifts productivity and living standards because migrants tend to be better educated and more highly skilled than the average Australian. They generally cite spurious modelling to support their claims, ignoring the actual empirical evidence showing that Australia’s labour productivity and per capita GDP growth slowed

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MacroBusiness Monday, March 9, 2026 - 09:00 Source

The world is falling apart, but the jaws are back. According to scuttlebutt, the proximate causes are: China’s state-run iron ore buyer told several traders this week to buy fewer seaborne cargoes of BHP’s flagship products, including Mac fines and Newman fines, people with knowledge of the matter told Reuters, as a months-long contract dispute

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MacroBusiness Monday, March 9, 2026 - 08:30 Source

Goldman reckons oil is going higher. The analysis highlights rapidly rising upside risks to oil prices from a severe disruption to oil flows through the Strait of Hormuz. The base case forecast previously assumed Brent crude in the low $80s in March and the high $70s in the second quarter, based on the expectation that

The post Brace for $10 petrol prices appeared first on MacroBusiness.

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MacroBusiness Monday, March 9, 2026 - 08:00 Source

The global gas shock is building and is going much higher this week unless the TACO comes. If the TACO doesn’t arrive, the gas price will skyrocket by the following week. But so far, the reaction at home has been completely different from the reaction to the Ukraine War. The local gas spot price is

The post Grattan Institute saves Aussies from Iran gas shock appeared first on MacroBusiness.

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Your Democracy Monday, March 9, 2026 - 07:33 Source

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Your Democracy Monday, March 9, 2026 - 06:55 Source

 

It’s not okay for grown adults to believe the United States wages wars to promote humanitarian interests and bring freedom and democracy to oppressed populations.

It’s not okay for grown adults to believe that US soldiers fight and die to protect their country and its citizens.

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Your Democracy Monday, March 9, 2026 - 06:33 Source

 

The Military Religious Freedom Foundation (MRFF) claims that a Pentagon source says military officials are preparing a public defense for military commanders telling troops that the Iran war is a holy war, fulfilling evangelical Protestant prophecy.

 

Report: Pentagon Eyes Defending “Armageddon” Briefings

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Your Democracy Monday, March 9, 2026 - 06:22 Source

 

Iranian media have shared a Lego-style video touting Tehran’s purported retaliation against the US and Israel, depicting the American and Israeli leadership in a panic.

The animation, dubbed ‘Narrative of Victory,’ was widely circulated online on Sunday. It opens with a cartoonish figure of US President Donald Trump – accompanied by the Devil – reading the Jeffrey Epstein files.

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MacroBusiness Monday, March 9, 2026 - 00:01 Source

Since the latest round of conflict in the Middle East kicked off on the 28th of February, the cost of a barrel of oil (WTI) has risen by $23.98 compared with the final close of markets prior to the war, representing a rise in oil prices of 35.6%. Taking a longer view, the current level

The post The worst is yet to come appeared first on MacroBusiness.

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George Monbiot Sunday, March 8, 2026 - 23:04 Source

Today’s cruel treatment of Muslims and immigrants was originally crafted as an attack on Jews.

By George Monbiot, published in the Guardian 5th March 2026

Our political memory fails us. We treat government policies as if we’re seeing them for the very first time. But much of what appears to be novel has deep historical roots. If we fail to understand those roots and the soil in which they grow, we will fail to resist the assaults on our humanity.

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Your Democracy Sunday, March 8, 2026 - 18:39 Source

Right now, in the first week of March 2026, Europe is facing an energy crisis that doesn't have a name yet. Not because it isn't big enough, but because it happened too fast. In the last 48 hours, two things went down simultaneously.

First, Iran struck the heart of Qatar's gas infrastructure—the largest LNG export facility on the planet. Production stopped.

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Your Democracy Sunday, March 8, 2026 - 16:10 Source

Senator John Kennedy (R-LA) told Sean Hannity on Tuesday that the U.S. had “already won” the military operation in Iran.

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Your Democracy Sunday, March 8, 2026 - 15:54 Source

The Australian Labor Party has drifted from its historic purpose. This is the first in a six part series by Andrew Brown on Labor’s retreat from reform and what it means for Australia.

Power unused in the face of injustice is not restraint.

It is a choice.

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John Quiggin Sunday, March 8, 2026 - 15:46 Source

It’s a truism that every child should be wanted. While there are plenty of exceptions, the birth of an unwanted child often turns out badly for both mother and child (and father, if they are present). Sometimes, once a child is born, the fact that they were initially unwanted fades into irrelevance, and the bond between parents and child is as strong as with a planned birth.

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