Almost every infrastructure expert opposed the Victorian government’s Suburban Rail Loop (SRL) because the price tag was excessive, the project lacked a business case, it failed any objective cost-benefit analysis, and it would have insufficient user demand. For example, a cost-benefit analysis by Victoria’s Parliamentary Budget Office (PBO) found that the SRL East and North
Throughout much of the last term of federal parliament, the Coalition under its then leader Peter Dutton made a case that the Albanese government was unable to adequately manage the nation’s affairs, using words like “disaster” to characterise some of the government’s policies. While there is certainly a case to be made that the Albanese
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Palestinian women share how Israeli forces used them as human shields in Gaza and the West Bank Throughout the Gaza genocide, testimonies have documented the Israeli army’s use of Palestinian women as human shields. These are not isolated acts by rogue soldiers but a systematic practice known to Israeli commanders and acknowledged by soldiers.
DXY is up and away! Euro toast. AUD is stuck on the treadmill from hell. CNY down. Gold still looks shaky to me as DXY firms. AI metals find a headwind. Big miners, big shooting star. EM toppy. Jun rejection! Yield back-up continues but is not a trend break yet. Stocks trying/ The Market Ear
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The Kremlin welcomes Japan’s desire to sign a peace treaty with Russia, spokesman Dmitry Peskov said on Friday. This follows a statement by Japanese Prime Minister Sanae Takaichi, who told parliament that pursuing an agreement is part of her government’s foreign policy agenda.
Iron ore is riding high with the Pilbara killer one week away. Dynamics have shifted, as expected. Late last week, hot metal output fell to 2.36mt. This has been low enough to reverse the steel inventory accumulation, though it is still much higher than last year. In turn, port inventories of iron ore are on
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The East Coast gas cartel is destroying your living standards by injecting ceaseless cost-push inflation into the headwaters of the supply chain for every business in the country east of WA. It is the core of household’s cost-of-living crisis as well, adding about 6% to the CPI year on year since 2021. By itself, not
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Yes, it’s very early, but I’ve launched my partial guide to the next Australian federal election, due in 2028.
This guide covers the 102 House seats in New South Wales, Victoria, Western Australia and the Northern Territory. These jurisdictions won’t have a redistribution (barring an expansion of parliament). The guide also features guides to the eight Senate contests.
If there is no parliamentary expansion, this redistribution cycle is one of the least significant we’ve had. This makes it easier and quicker to get the guide ready.
Friday night saw Wall Street rally after falling for several sessions, but again it was tech stock earnings due to the AI bubble keeping everything afloat. The USD is still reasserting its recent strength against all the majors although gold is trying to make a comeback with Euro and Pound Sterling falling sharply while the
The post Macro Morning appeared first on MacroBusiness.
When Clare O’Neil was Australia’s Home Affairs Minister, she regularly lamented that Australia’s migration system was too temporary and was holding the nation back. “Today, really for the first time in our modern history, our uncapped, unplanned temporary program is the centrepiece and driver of our migration system. This simple fact is the source of huge
The US will work to reduce its dependence on rare earth metals from China, considering the country unreliable, said US Treasury Secretary Scott Bessent.
In an interview with the Financial Times on October 31, Bessent expressed confidence that Washington would find an alternative to Chinese sources of rare earth metals within two years.