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Renew Economy
Sunday, March 9, 2025 - 15:21
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MacroBusiness
Sunday, March 9, 2025 - 14:59
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Goldman on the EUR rocket. Based on our models, the Euro’s surge this week went far beyond its typical relationship with 1-year growth expectations (even if we allow for a more front-loaded shift than our economists expect) and, to a lesser degree, the currency also strengthened more than can be explained by higher Bund yields. The post Australian dollar takes a European gap year appeared first on MacroBusiness. |
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Your Democracy
Sunday, March 9, 2025 - 12:48
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French Prime Minister Franсois Bayrou has rejected the idea of consulting the public on critical defense decisions, asserting that such matters fall under government responsibility. In an interview on CNews and Europe 1, journalist Sonia Mabrouk asked Bayrou whether the French people should have a say in major defense policies, including the financial burden of increased military spending and the shift towards a “war economy.” |
Your Democracy
Sunday, March 9, 2025 - 12:28
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Amazon CEO Jeff Bezos has taken full creative control of the James Bond franchise after longtime producer Barbara Broccoli reportedly called his executives “f**king idiots,” the Hollywood Reporter wrote on Friday. According to insiders, Bezos reacted immediately, ordering her removal at any cost, which ultimately led to a $1 billion deal. As a result, Amazon now holds full control over the future of James Bond. |
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Your Democracy
Sunday, March 9, 2025 - 06:25
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Ukraine updates: Fatal Russian strikes in Donetsk, KharkivUkrainian President Volodymr Zelenskyy has slammed "vile and inhumane" Russian strikes that killed and wounded civilians overnight. Polish Prime Minister Donald Tusk has called the Russians "barbarians." DW has more.
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Your Democracy
Sunday, March 9, 2025 - 04:54
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Donald Trump’s return to the White House is shaping up to be nothing short of a political revolution. The new administration is rapidly dismantling the old order, purging the ruling elite, reshaping both domestic and foreign policy, and cementing changes that will be difficult to reverse – even if his opponents regain power in future elections.
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Your Democracy
Sunday, March 9, 2025 - 04:37
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A surprise revenue gain is giving Labor more options to help households in the federal budget to be delivered on March 25, creating room for a new round of energy bill relief before an election that will be held in May. Prime Minister Anthony Albanese has confirmed the budget date and election plan after top cabinet ministers signed off on major policies, intensifying a contest on economic policy with Opposition Leader Peter Dutton.
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The Tally Room
Saturday, March 8, 2025 - 21:00
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6:57 – Bunbury is the kind of seat that would fall if the conservative parties were close to taking power, but the swing is falling a long way short. The first booth has a 17.7% swing away from Labor and 8.4% to the Liberals – the ABC thinks that’s a 2PP swing of 12.4%, which is far short of what they’d need to win. |
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Your Democracy
Saturday, March 8, 2025 - 12:47
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The 2024 election between Kamala Harris and Donald Trump makes clear that the U.S. has two right-wing parties and no effective left-wing opposition. |
Your Democracy
Saturday, March 8, 2025 - 12:24
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US President Donald Trump pledged to go ahead with his campaign of "swift and unrelenting action" in reorienting the country’s economy, immigration and foreign policy in his address to Congress. |
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New Politics
Saturday, March 8, 2025 - 08:00
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Your Democracy
Saturday, March 8, 2025 - 04:02
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— TRUMP: Let's make a deal... — PUTIN: Sure... but I don't like your FRIEND's attitude... — TRUMP: He's not my friend... — PUTIN: He used to be yours... — TRUMP: I have let him loose "to do what he wants"... — PUTIN: He seems to have doubled up on what America "used to do"... — TRUMP: We've given up punching you in the face... — PUTIN: I smell a rat... — TRUMP: It's a dog... — PUTIN: What's his name? |
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MacroBusiness
Saturday, March 8, 2025 - 00:05
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International Reading: Elon Musk says the Post Office and Amtrak should be privatized – Business Insider Trump lifting US sanctions on Russia — a ‘huge win’ for Putin, ‘chaos’ for global economy – Kyiv Independent GOP Lawmakers Unveil Bill To ‘End The Fed’ – Daily Caller ‘Doge’s actual impact is less than $10bn’ – FT The post Weekend Reading and media appearances appeared first on MacroBusiness. |
Your Democracy
Friday, March 7, 2025 - 20:07
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BBC chairman Samir Shah and director-general Tim Davie apologized to the British Parliament on 3 March over for including 13-year-old Abdullah al-Yazouri in a recent documentary on the impact the Israeli genocide has had on Gaza’s children. “This is a really, really bad moment,” Shah told MPs. “What has been revealed is a dagger to the heart of the BBC’s claim to be impartial and to be trustworthy, which is why I and the board are determined to ask the questions.” |
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MacroBusiness
Friday, March 7, 2025 - 18:57
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AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 The post Macro Afternoon: 7 March 2025 appeared first on MacroBusiness. |
George Monbiot
Friday, March 7, 2025 - 18:54
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Could Trump and Musk be seeking to end our time on Earth? By George Monbiot, published in the Guardian 5th March 2025 In thinking about the war being waged against life on Earth by Donald Trump, Elon Musk and their minions, I keep bumping into a horrible suspicion. Could it be that this is not just about delivering the world to oligarchs and corporations – not just about wringing as much profit from living systems as they can? Could it be that they want to see the destruction of the habitable planet? |
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Your Democracy
Friday, March 7, 2025 - 18:00
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EU leaders to back defence surge, support Zelensky at emergency summit after US aid freezeMacron says he'll confer with allies on protecting Europe with French nuclear deterrenceRussia says Macron is detached from reality after nuclear commentsPoland and Baltic nations welcome Macron's nuclear deterrent proposalUS envoy Witkoff says he is arranging talks in Saudi Arabia with Ukrainians on peace 'framework' |
Renew Economy
Friday, March 7, 2025 - 14:48
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Renew Economy
Friday, March 7, 2025 - 14:05
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MacroBusiness
Friday, March 7, 2025 - 14:00
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On Thursday, Statistics New Zealand released data on Building Work Put in Place, which showed that residential construction plunged by 4.9% in Q4 2024, to be 25% down from its previous peak in Q3 2022. The following chart from Justin Fabo from Antipodean Macro also shows that the level of building was revised down in The post New Zealand’s housing market crashes appeared first on MacroBusiness. |
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MacroBusiness
Friday, March 7, 2025 - 13:30
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From July 1, 2024, Victorian non-profit private schools with an income per student of more than $15,000 were liable to a 4.86% payroll tax. These schools would pay the Victorian government an estimated $101.8 million in 2025. An investigation by The Age revealed that the payroll tax charge resulted in an average annual tuition increase The post Why are private schools charged payroll tax? appeared first on MacroBusiness. |
Renew Economy
Friday, March 7, 2025 - 13:01
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MacroBusiness
Friday, March 7, 2025 - 13:00
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An excellent summary of the factors at work in the equity market from Zero Hedge. “Headline fatigue is hammering markets,” according to one well-positioned trader who noted that US equities traded definitively lower today despite Trump delaying tariffs on Mexico and Canada today (an incremental positive for sure)… This is the market’s worst three-week spell since The post Is the bear done yet? appeared first on MacroBusiness. |
MacroBusiness
Friday, March 7, 2025 - 13:00
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Wednesday’s Q4 national accounts showed that Australia’s economy finally emerged from its prolonged per capita recession, recording the first increase (+0.1%) in GDP per capita in 21 months. In its media release following the result, the Australian Industry Group (AIG) cautioned that the “improvement in GDP masks continuing private sector weakness”. “Today’s national accounts data |
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Renew Economy
Friday, March 7, 2025 - 12:32
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MacroBusiness
Friday, March 7, 2025 - 11:30
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As it should. Bloomberg. While bleak quarterly results from Australian peers last month helped trim its valuation, Commonwealth Bank remains one of the most expensive bank shares globally. The stock trades at 25 times forward earnings, almost double JPMorgan Chase & Co.’s multiple. “The banks’ latest results were not good enough to meet lofty expectations The post CBA bubble bursting? appeared first on MacroBusiness. |
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MacroBusiness
Friday, March 7, 2025 - 11:00
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Last week, I critiqued an interview with former immigration department bureaucrat turned influencer, Abul Rizvi, on Joseph Walker’s podcast. In the interview, Rizvi explicitly admitted that slowing population ageing comprised about “80%” of the motivation for massively increasing Australia’s intake of migrants in the early 2000s. Until spending about a week reading up on Aus The post Migration boom delivers ageing timebomb appeared first on MacroBusiness. |
xkcd.com
Friday, March 7, 2025 - 11:00
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Your Democracy
Friday, March 7, 2025 - 10:39
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MacroBusiness
Friday, March 7, 2025 - 10:30
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The continuing decline in Australia’s productivity was one of the most important data points from the Australian Bureau of Statistics’ (ABS) Q4 national accounts released this week. Labour productivity (GDP per hour worked) fell by 0.1%, which follows declines of 0.7% and 0.5% in the previous two quarters, respectively. This lowered Australia’s labour productivity to The post Productivity collapses on Australia’s economy appeared first on MacroBusiness. |
