Blogotariat

Teal independents continue to run interference for Big Australia mass immigration. In 2022, Zali Steggal, a Teal member from Warringah (which includes Sydney’s rich northern beaches), supported a large increase in immigration to combat labour shortages. In 2024, Steggal called for a 75% 2030 emissions reduction target for Australia, ignoring the fact that aggressively growing

Bloomberg loves a party line. Australian unemployment held steady last month even as the economy shed jobs with fewer people looking for work, signaling the labor market remains tight and reinforcing the Reserve Bank’s cautious approach to policy easing. There is nothing tight about the Aussie labour market. Frankly, at 4.2% unemployment, it is intrinsically

The post Indian Albo’s labour market loose as a goose appeared first on MacroBusiness.

For a long time, Middle America has found itself struggling at an aggregate level. While there have been some on-paper standouts when breaking down household outcome growth by geographical location, that has been balanced out by other locales seeing significantly weaker growth than the average. Today, the median American full-time male worker earns as much

The post Trump’s America loses hope appeared first on MacroBusiness.

On Thursday, Prime Minister Anthony Albanese unveiled Labor’s long-awaited 2035 climate targets, which promise to reduce emissions by more than 62% and up to 70%. The promise expands on Australia’s existing 2030 target to reduce emissions by 43% from 2005 levels. The Paris Agreement, reached a decade ago, requires nations to lift their carbon reduction

The post Australia sacrifices self on climate altar appeared first on MacroBusiness.

Below is another excellent guest post from MB reader Erin Rolandsen, CEO of Angelassist: Cybernetics pioneer Stafford Beer once said: “The purpose of a system is what it does.” If that is true, what, then, do we make of Australia’s systems? Everywhere we look, the systems designed to solve problems instead perpetuate them. We have

The post Our Systems Work Exactly as Designed—Just Not For Us appeared first on MacroBusiness.

This year marks the 80th anniversary of the signing of the UN Charter. During these eight decades, much has been accomplished that calls for celebration. Yet, there is no denying that the United Nations is facing perhaps the greatest crisis of its 80-year history.

Joseph Camilleri

Ukrainian leader Vladimir Zelensky has no intention of ending the hostilities with Russia, while ordinary people pay the price, Verkhovna Rada MP Georgy Mazurashu has said.

Mazurashu said Zelensky outlined his position at a meeting with members of his Servant of the People party on Tuesday, a stance the MP claimed is widely shared by the Ukrainian leader’s inner circle.

Electrotech - low cost and highly efficient solar, wind, EVs, batteries and digital technology - is causing a fundamental rethink of global energy systems.

The Murdoch media, or Newscorpse as it is sometimes called, is notorious for lying to its readers and listeners, as I have demonstrated many times. Some examples are given in the sources below of bald-faced lies, lies by omission, complete inventions, spin and assorted other drivel1-30.

The organisation also is about denialism. It denies climate change31-39, Covid-1940-44,

Pretending that unpleasant facts do not exist, or don’t matter, is not going to make the problem go away.

Newlyn, Victoria     AUD/USD     EUR/USD     GBP/USD     USD/JPY     Gold     WTI     Brent     Australia 200     US S&P 500     UK 100     Japan 225  

The post Macro Afternoon: 18 September 225 appeared first on MacroBusiness.

Australia is wealthy and capable and endowed with extraordinary renewable resources and tech know-how. It should be doing a lot better than this.