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Oz Blog News Commentary
Your Democracy Friday, February 28, 2025 - 21:07 Source

Entdecke den Beratungskompass Verschwörungsdenken – DIE neue Orientierungsseite rund um das Beratungsfeld Verschwörungsideologien! Betroffene und ihr Umfeld erhalten dort online und telefonisch eine vertrauliche Beratung und ganz praktische Unterstützung im Umgang mit Verschwörungsdenken.

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George Monbiot Friday, February 28, 2025 - 21:02 Source

If the US is now our enemy, how do we defend ourselves?

By George Monbiot, published in the Guardian  27th February 2025

All the talk now is of how we might defend ourselves without the US. But almost everyone with a voice in public life appears to be avoiding a much bigger and more troubling question: how we might defend ourselves against the US.

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MacroBusiness Friday, February 28, 2025 - 17:00 Source

Asian share markets are slumping across the board as confidence evaporates from risk markets due to continued selloffs on Wall Street as bond markets rally in fear of US recessions and the new global trade war. The USD is firming up against some of the majors with the Australian dollar still falling back, about to

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, February 28, 2025 - 15:48 Source
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Your Democracy Friday, February 28, 2025 - 15:28 Source

The United States and Ukraine have finalized their agreement on rare earths and other natural resources, and Vladimir Zelensky is expected to sign the final document without further negotiations during his meeting with President Donald Trump on Friday, according to Secretary of the Treasury Scott Bessent.

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Your Democracy Friday, February 28, 2025 - 15:00 Source

The first term Labor prime minister of Australia, Anthony Albanese, must go to the polls before the end of May.

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Renew Economy Friday, February 28, 2025 - 14:19 Source
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Renew Economy Friday, February 28, 2025 - 14:14 Source

Yallourn power station (supplied).

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MacroBusiness Friday, February 28, 2025 - 14:00 Source

Below is a brilliant guest post by Misha Saul, examining how immigration bureaucrats like Abul Rizvi have damaged Australia through excessive immigration levels. I recommend reading Misha Saul’s article alongside my latest critique of Abul Rizvi’s spurious arguments justifying mass immigration. Australia’s Rule by Bureaucrat How the technocrats lost control over Australia’s borders [T]he characteristic

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Renew Economy Friday, February 28, 2025 - 13:36 Source
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Renew Economy Friday, February 28, 2025 - 13:34 Source
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Your Democracy Friday, February 28, 2025 - 13:34 Source

President Donald Trump has said that British troops “can take care of themselves” when asked whether the US military would support them if the UK deploys forces to Ukraine as part of a potential peace agreement with Russia.

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Renew Economy Friday, February 28, 2025 - 13:30 Source
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MacroBusiness Friday, February 28, 2025 - 13:30 Source

Lol. This must be a joke. Jim Chalmers has launched a pre-election campaign blitz in vulnerable NSW Hunter and central coast seats, as he answers the calls of Labor MPs concerned that surging support for Peter Dutton and Anthony Albanese’s unpopularity will cost them their seats. After high-level meetings with senior Trump administration officials in Washington DC, Dr Chalmers arrived

The post Can Chicken Chalmers save Labor? appeared first on MacroBusiness.

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MacroBusiness Friday, February 28, 2025 - 13:00 Source

I noted yesterday the marvel of central planning housing in action. How it appeared to be deeply corrupt, out of touch with local needs, not to mention hopelessly short of the supply needed. Today the entire enterprise in Sydney turns from boondoggle to farce in one “No, minister” moment. SMH. Large parts of Sydney’s inner

The post Minns housing dystopia runs into jumbo problem appeared first on MacroBusiness.

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MacroBusiness Friday, February 28, 2025 - 12:30 Source

From 1 April 2025, temporary residents will be banned from purchasing established dwellings for two years. Previously, temporary residents have been permitted to apply for approval to buy an established home to live in for the duration of their stay. They have also been allowed to purchase an established home for redevelopment if it increases

The post Chinese buyers raid Australian property appeared first on MacroBusiness.

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Your Democracy Friday, February 28, 2025 - 12:29 Source

Donald Trump may have only recently re-entered the Oval Office, but his radical anti-climate ideas are on the march across the globe. 

A CORRECTIV investigation can reveal that politicians, think tanks, and economists are now spreading Trump’s ideologies in Germany – right up to the Christian Democratic Union (CDU) and its leader Friedrich Merz, the front-runner in the race to be Germany’s next leader, with federal elections due to take place on 23 February. 

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MacroBusiness Friday, February 28, 2025 - 12:00 Source

Earlier this month, the Australian Bureau of Statistics (ABS) released the Q4 2024 wage price index, which recorded growth of 0.7% for the quarter and 3.2% year over year. The 0.7% quarterly increase was the equal lowest growth since Q1 2022, while the annual increase of 3.2% was the equal lowest since Q3 2022. The

The post Australian wages can’t buy what they used to appeared first on MacroBusiness.

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MacroBusiness Friday, February 28, 2025 - 11:30 Source

The ferrous complex has begun to deflate post-supply disruption. Profits have halved at the big miners, but do not be fooled. The iron ore nightmare has not yet begun. Ahead is an epic crash in Chinese construction volumes. Capital Economics. Nor will Chinese consumption ever fill the hole for steel. I expect Chinese domestic demand

The post The iron ore nightmare has not yet begun appeared first on MacroBusiness.

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Renew Economy Friday, February 28, 2025 - 11:30 Source
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MacroBusiness Friday, February 28, 2025 - 11:00 Source

A decade ago, Australia was one of the worst nations for online piracy. The main driver of this piracy was a lack of affordable and timely content for Australians. As a result, Australians were compelled to resort to illegally downloading movies and television episodes via BitTorrent and other file-sharing programs. The landscape transformed when Netflix

The post Streaming wars drive Aussies back to piracy appeared first on MacroBusiness.

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xkcd.com Friday, February 28, 2025 - 11:00 Source

The most awkward part is when you have to pause to put on your shoes before you continue rolling out the door.

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MacroBusiness Friday, February 28, 2025 - 10:40 Source

The purported “crackdown” on international student numbers has failed to dampen numbers, with new Department of Education data showing record enrolments and commencements in the year to November 2024. As the following chart illustrates, there were 1,081,300 international student enrolments as of November 2024, up 120,454 (12.5%) from the previous record set in 2023. International

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MacroBusiness Friday, February 28, 2025 - 10:20 Source

Much of the Western world is deindustrialising to meet ‘net zero’ emissions targets. For example, the United Kingdom’s strong restrictions on fossil fuel energy consumption have raised energy prices, causing sharp contractions in all energy-intensive businesses. The same deindustrialisation is taking place in Germany, which has imposed similarly harsh “net zero” rules. Australians are also

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Cheeseburger Gothic Friday, February 28, 2025 - 10:14 Source

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MacroBusiness Friday, February 28, 2025 - 10:00 Source

The election would be over if Peter Dutton applied domestic gas reservation in the east. Everybody supports it. Instead, he’s going to apply nothing whatsoever. The Australian. The Coalition will demand gas producers commit to prioritising supply to the domestic market in return for approving a “bucket load” of new projects, with a particular focus on

The post Dutton energy superidiot trashes gas election winner appeared first on MacroBusiness.

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MacroBusiness Friday, February 28, 2025 - 09:40 Source

More bad news for the private economy as the true state of weakness is now hitting capex intentions. The first estimate for 25/26FY is up only 1.8%. Much of that is mining at 3,6%. Everything else is stalled out at just 0.9%. These are much lower estimates versus year-ago levels. The lunatic RBA is expecting

The post Private capex intentions shoot down RBA bullhawks appeared first on MacroBusiness.

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MacroBusiness Friday, February 28, 2025 - 09:20 Source

Having already hypothetically destroyed Canberra, Sydney, Melbourne and Brisbane with nuclear-armed HN missiles, the tiny “flotilla” of Chinese vessels is moving to annihilate Adelaide. The federal government is preparing for a flotilla of Chinese warships to circumnavigate Australia in coming days, as Foreign Minister Penny Wong accused the Coalition of “beating the drums of war”

The post Chinese navy moves to nuke Adelaide appeared first on MacroBusiness.

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Your Democracy Friday, February 28, 2025 - 09:14 Source

NATO Secretary General Mark Rutte on Thursday said western allies are preparing “billions more in aid” and working on security guarantees for Ukraine following a talk with US President Donald Trump. Rutte’s comments came as Trump met with UK Prime Minister Keir Starmer in Washington. Follow our liveblog for all the latest developments. 

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MacroBusiness Friday, February 28, 2025 - 09:00 Source

The latest US initial jobless claims number spiked overnight and combined with more senseless tariff threats from Trump including doubling down on China saw volatility hit Wall Street hard as all the post election gains were wiped out, taking European stocks lower as well. The USD is pushing back against the undollars with new daily

The post Macro Morning appeared first on MacroBusiness.

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