Blogotariat

Former Foreign Minister and NSW Premier Bob Carr has compared the situation in Gaza with the Warsaw Ghetto, and urged the Government to move with the French on Palestinian statehood. He made his comments in an interview with ABC Radio National Breakfast host Sally Sara. 

Bob Carr

In a press conference last week, New Zealand Housing Minister Chris Bishop made the case that his nation needed to decouple economic growth from housing price increases, regardless of how challenging that may be in the short term. Bishop made the case that the Kiwi economic recovery needs to be driven by broad-based growth in

The post New Zealand two faced on housing appeared first on MacroBusiness.

A 20 pct fall in battery storage costs ensure integrated wind and solar still best option for Australia, as gas turbines prices leap and nuke deals prove it is way too expensive.

CEIG expects 70% of future clean energy funding to come from offshore and is calling for reforms to make those investments easier.

Asian share markets are generally higher after news that the Trump regime has managed to secure the framework of a “deal” with the EU, even though it looks like resulting in massive tariffs for American importers. Markets love the news because at least its the semblance of stability with Wall Street and Eurostoxx futures up

The post Macro Afternoon appeared first on MacroBusiness.

After shocking economists and holding rates steady at last month’s monetary policy meeting, the Reserve Bank of Australia (RBA) stated that it was awaiting two key pieces of data before lowering rates: the June labour force report and the Q2 CPI inflation print. The June labour force report from the Australian Bureau of Statistics (ABS)

The post RBA is ready to slash interest rates appeared first on MacroBusiness.

One of Australia’s leading China grovellers, James Curran, simply can;t break out of the 1970s. In his talks with then-Chinese premier Hua Guofeng, Fraser had proposed the formation of a quadrilateral pact – comprising China, the US, Japan and Australia – to hedge against Soviet ambitions in the Pacific and Indian oceans. It never eventuated.

The post China grovellers are stuck in the 70s appeared first on MacroBusiness.

The State of Victoria has been living in a public service bubble. Victoria’s net debt was $22.3 billion when the State Labor government delivered its inaugural state budget in 2015. As of FY25, Victoria’s net debt has skyrocketed to $155.5 billion and is projected to rise to $194 billion by FY29. Victoria’s dire budget situation

The post Victorian unemployment to surge as bubble bursts appeared first on MacroBusiness.

We reported last week (here and here) how the co-founder and life member of the Australian Greens, Drew Hutton, has been expelled from the party for a series of Facebook posts and comments he made about the Greens’ pro-transgender platform. Psychologist Rachel Hannam, a former Greens member and election candidate, is facing a similar fate,

The post Mad Greens chop themselves up appeared first on MacroBusiness.

Australia’s superannuation concessions require reform to make them fairer and more sustainable. The Australian Treasury estimates that superannuation concessions will cost the federal budget approximately $60 billion in lost revenue in 2024–25, and this cost is expected to increase significantly. In FY25, concessions on superannuation contributions were estimated to be $30,950 million. By FY28, that

Steel looks like a great business to be in as input costs fall while selling prices rise. That said, I can’t see steel prices running much further despite Chinese output cuts. Demand is too weak. MySteel data has been dodgy this year. It is not capturing the full weakness of the sector. CISA data is

The post Iron ore thumped lower appeared first on MacroBusiness.

Last week, the Centre for Independent Studies (CIS) released a stunning analysis showing that spending by federal and state governments on initiatives such as the NDIS, aged care, and child care has reached its highest level since World War II. Total spending on the NDIS, disability support pensions, and carer payments now exceeds $90 billion

The post If you want a job, work for the government appeared first on MacroBusiness.

Domain released its Q2 house price report last week, which showed that the median Sydney house was valued at an extraordinary $1,722,443 at the end of June, up 2.6% over the quarter and 4.2% year-on-year. This was the fastest quarterly rise in two years and the third straight gain in median house prices. Sydney unit

The post Sydney’s cruel housing market appeared first on MacroBusiness.