Blogotariat

French Member of the European Parliament Raphael Glucksmann has urged the United States to return the Statue of Liberty, claiming that recent policy shifts under President Donald Trump contradict the fundamental values the monument represents.

Standalone battery and combine solar battery project waved through EPBC process, but a giant wind project located in a CSG region told why it needs a review.

Australian universities long since stopped serving the public interest. They are now little more than visa factories for the disastrous immigration-led economic model and funnels of Chinese and other autocratic influence. Governments have been captured by the universities by becoming retirement homes with large sinecures for failed politicians. If we can’t cleanse the system ourselves

The post Let universities answer to Trump appeared first on MacroBusiness.

Chinese credit for February failed to launch with Total social financing up another measly 0.2% to 8.2% yoy. The composition was worse as household credit plunged 390bn, leaving big questions over the housing recovery. In fact, private credit kept ebbing away while government bonds filled the gap. There is nothing here to end the depression

The post Chinese credit fails to launch appeared first on MacroBusiness.

Institute of Public Accountants senior tax adviser Tony Greco estimated the federal government is losing around $564 million annually of tax revenue due to the Fringe Benefits Tax (FBT) exemption for certain battery electric vehicles (BEVs) and plug-in hybrids (PHEVs). There’s no time limit on the scheme for BEVs. However, the FBT exemption will expire

The post EVs are a budget black hole appeared first on MacroBusiness.

According to Yuri Shvets, who was posted to Washington by the USSR in the 1980s, Donald Trump was cultivated as a Russian asset over 40 years and proved so willing to parrot anti-western propaganda that there were celebrations in Moscow. Shvets was a key source for American Kompromat, a book by journalist Craig Unger. Shvets, a KGB major at the time, had a cover job as a correspondent in Washington for the Russian news agency Tass. He moved to the US permanently in 1993 and gained American citizenship. He worked as a corporate security investigator and was a partner of Alexander Litvinenko, who was assassinated in London in 2006.

The Market Ear says buy. Keep it simple Oversold can stay oversold for longer than most think possible, but deeply oversold, like now, has led to violent bounces kicking in over the past years. Source: Refinitiv Time to (ever) place some buy orders? Still early in the month, but JPM estimates that the potential equity

The post Stocks rock’n’rolla appeared first on MacroBusiness.

Cheap energy is the life blood of any modern economy. Take it away and everything suffers. The Australian. Australian businesses have suffered the sharpest annual fall in gross operating margins in a ­quarter of a century due to ­inflation-driven costs, including a “staggering” 51 per cent spike in gas prices, putting at risk Jim Chalmers’

The post Twiggy embolism as LNG imports rejected appeared first on MacroBusiness.

The pet shop has gone mad this weekend with all and sundry declaring ANZUS dead and Australia alone in the world. America may abandon NATO though I doubt that as well. It looks more to me like America wants Europe to pay its own way in its defence. There is no danger to America from

The post America will not abandon Australia appeared first on MacroBusiness.

While Wall Street rebounded on Friday night it was basically just a short covering exercise after falling for four weeks straight with expectations of higher volatility continuing this trading week amid the ongoing trade war and a very busy economic calendar, including the latest Fed meeting. European stocks got a breather as well but are

The post Macro Morning appeared first on MacroBusiness.

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.

Last year, former federal Treasury official Stephen Anthony warned that Victoria could require a federal “bailout” amid soaring state debt, which hit $27,729 per person in 2023-24. “Victoria is on a suicide mission to record borrowing, just as global interest rates are about to hit 5%”, Anthony warned. “Potholes can’t get filled, emergency departments can’t

The post Victoria turns welfare state appeared first on MacroBusiness.

Knowing well in advance that Russia would reject it, the U.S. and Ukraine announced with fanfare that its ceasefire deal was in “Russia’s court” in what was an exercise of pure public relations, writes Joe Lauria.