Blogotariat

The US is working to ramp up missile production in preparation for a potential conflict with China, the Wall Street Journal reported Monday, citing officials familiar with the matter. The Pentagon is reportedly pressing defense contractors to double or quadruple output amid mounting concerns over insufficient weapons stockpiles.

This is the humblest day of my life,  declared Rupert Murdoch to a parliamentary committee on 19 July 2011.

With each rate cut, commentators discuss how it will impact the housing market, make borrowing more accessible, and enable more people to enter the market. Yet, when you look at the numbers on a long-term time horizon, the era of low interest rates has resulted in fewer people entering the market and less mobility for

The post Aussie housing remains stuck in a depression appeared first on MacroBusiness.

It has been said to me by more people than I can remember, that ‘laughter is the best medicine’. In the past, I have often wondered if indeed it is true to some extent. However, given the appalling injustice in the world these days with the continuing war in Ukraine and the genocide in Gaza, I can attest that it certainly does help in retaining your sanity; in fact, I suspect I am depending on it.

No, I’m not talking about street cred. My mum says I will always be cool. But as the temps climbed inevitably towards summer, my long-faithful air conditioner breathed its last. A circuit board died, and this thing was so old that there was no way of replacing it. Thankfully, you, the generous taxpayers of Australia, stepped up and covered the expense, since the aircon was in my office, where I work daily to accrue legitimate deductions to my pre-tax income.

Neoen now has all approvals necessary to start building its 200 MW Narrogin wind project, with a potential battery, but it wasn't without opposition,

Construction of Queensland's biggest battery at half way mark after 324 38-tonne Tesla Megapack battery units were trucked 650 kms from port to site.

By Stephen Saunders Donald Trump has said it direct to the United Nations—mass migration and net zero are toxic for Western nations. Can our “Liberal” party even grasp the nettle? The smear of March for Australia and the sacking of Jacinta Price represent new lows for Australian “democracy”. Vindictive Albanese Labor savaged the March, both

The post Memo to Coalition: take heed of Trump appeared first on MacroBusiness.

Recently, Japan has witnessed a growing backlash against immigration, accompanied by protests and increasing levels of frustration on Japanese social media. The Japanese government has responded to these concerns by producing a report on the immigration system and what can be done differently in order to better ensure “social integration”. Justice Minister Keisuke Suzuki, who

The post Japan weighs tighter immigration appeared first on MacroBusiness.

In October 2022, British newspaper The Daily Star began live-streaming a video of a head of lettuce next to a framed photo of then-Prime Minister Liz Truss after The Economist compared the expected duration of her leadership to that of the shelf life of lettuce. Just weeks later, Truss announced her resignation; she served just

The post The lettuce strikes again, Britain’s death spiral appeared first on MacroBusiness.

The ferrous market is beginning to teeter as the steel glut grows and more countries get angry about it. Prices cracked lower Friday: The problem is relentless Chinese overproduction despite weak margins It is unheard of for the year to end with sufficient inventory to render the new year’s restock moot, but that is where we are

The post Iron ore glut grows appeared first on MacroBusiness.