With the release of the latest ABS Wage Price Index for the September quarter, it was revealed that headline wages were growing right on analyst and RBA expectations, with wages up 0.8% quarter on quarter and 3.4% year on year. But underneath the relatively pedestrian headlines lies a divergence in outcomes and significant falls in
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As usual, Australia is having a stupid debate. This time, it is about manufacturing. Australia is ranked below Botswana and Russia on Harvard’s index of economic complexity because of a diminished manufacturing industry and an overreliance on iron ore and coal exports. However, economists said the statistics could not be used to justify Labor’s industry
In the United States, the median American is 39 years of age and is at the average part of a cohort that is seeing at best stagnating outcomes, at worst deteriorating ones. In 2002, the median age of a first-time home buyer was 31, with the median age of a repeat home buyer being 41.
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It seems nothing can bring sense to the iron ore market as the jaws widen further. Scuttlebutt explains the seasonality. Chinese iron ore prices are being underpinned by steelmakers restocking ahead of the Lunar New Year holiday in February, while tight domestic supplies are also lending further support. The outlook beyond this point is hardly
A near two year low in the US ISM manufacturing print saw the USD take a dive while other risk markets repositioned after the Trump regime’s invasion of Venezuela with oil stocks lifting amid a small bid in Brent and WTI markers. Wall Street was outpaced by European and Japanese stocks while Pound Sterling and
The post Macro Morning appeared first on MacroBusiness.
The successful seizure and removal of President Nicolas Maduro from Venezuela demonstrates Washington’s readiness to use every means at its disposal — including military power — to stave off any diminishment of U.S. national influence in its bid to manage the dissolution of the celebrated postwar, liberal order.
Coal and gas have finally been eclipsed by renewable energy as wind and solar tip in half the power to Australia’s electricity grid. Stephanie Tran reports an historic event.
Australia’s electricity grid has reached an historic milestone, with renewables supplying almost half of all power across the national electricity market in the final quarter of 2025 and exceeding 50% in Western Australia for the first time.
Amid calls for Royal Commission, a narrative emerges of the perpetrators, their links to ISIS, and warnings ignored by police and ASIO. Human rights advocate Al the Writer reports (Part 1).
Venezuelan leader Nicolas Maduro will emerge as an enduring political symbol similar to Simon Bolivar, Fidel Castro, and Che Guevara, secretary of the Decolonial International Network Foundation, Sandew Hira, has told RT.
Since Australia reopened its international borders in February 2022, following almost two years of COVID-driven restrictions, migration to Australia has surged. Just a few weeks later, in March 2022, the Treasury released its net overseas migration forecast for 2021-22, projecting 41,000. With only four months left in the year, one might expect that the Treasury’s
How Joe Rogan and Mel Gibson turned a metaphor into a reality.
By George Monbiot, published in the Guardian 27th December 2025
I asked Grumblr, the local AI bot
What is democracy what’s it not
Democracy is about Sharing
With Fairness and Justice
The machine pointed out smiling
Sharing demands Peace
Peace needs Respect see
Respect fosters Decency
Honest decency is hard
Because you know nothing
And I'm a lazy bastard
‘Cuz I can fudge everything
Asian share markets are very mixed with local shares not moving while Japanese shares surge following the late 2025 BOJ rate hike as the volatility from the Trump regime’s “special military operation” into Venezuela only really upsetting commodity markets so far. The USD is seeing a surge against the majors, particularly Euro while the Australian
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I’m not going to wade into the usual MSM garbage about the rights and wrongs of El Trumpo’s Venezuelan gambit. Nicolas Maduro was an unpleasant and destructive post-Chavezian leader who has cost his country dearly in tumbling living standards. Minimum wages look terrific under Maduro. Until you discount for inflation. The latest reading, which is
The mild weather sure isn’t saving your current energy bills, which will be going literally through the roof thanks to Albo’s incredibly mismanaged Ukraine War power shock and bill rebates. However, the mild summer weather has triggered hope that a better year is ahead for bill relief. According to this analysis, wholesale prices in NSW
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