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Oz Blog News Commentary
MacroBusiness Tuesday, August 19, 2025 - 11:00 Source

Amidst the release of the Reserve Bank’s August Statement on Monetary Policy and the Albanese government’s upcoming roundtable summit, the issue of productivity growth has become a source of great debate and some controversy. On Twitter (also known as X), Nationals Senator Matt Canavan posted a chart from the Australian Financial Review showing productivity growth

The post The great productivity debate appeared first on MacroBusiness.

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Your Democracy Tuesday, August 19, 2025 - 10:52 Source

Ukrainian leader Vladimir Zelensky hailed Monday’s negotiations with US President Donald Trump as the best meeting they have ever had.

Zelensky met with Trump at the White House, alongside several leaders from Western Europe. The summit came three days after Trump held his first face-to-face meeting since 2019 with Russian President Vladimir Putin in Alaska.

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Renew Economy Tuesday, August 19, 2025 - 10:46 Source
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MacroBusiness Tuesday, August 19, 2025 - 10:30 Source

The ferrous complex has flamed out as we approach the Beijing warmongering season. Channel checks by Goldman are OK. Orderbook trend- The forward orderbooks of most steel mills were mostly flat MoM in Aug, in line with seasonality. High-frequency weekly data suggests current steel demand down by 2.8% yoy for construction steel and up 5.1%

The post Iron ore fades into Beijing warmongering appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 19, 2025 - 08:00 Source

Nearly a decade ago, in 2016, then Australian Competition and Consumer Commission (ACCC) Chairman, Rod Sims, delivered a speech on the growing concentration of Australian industry. New research undertaken by Reserve Bank of Australia (RBA) economists has concluded that increased market concentration in some sectors of the economy has weighed on productivity. The RBA economists found

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Renew Economy Tuesday, August 19, 2025 - 06:02 Source
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Your Democracy Tuesday, August 19, 2025 - 05:55 Source

Following his meeting with Ukraine’s Zelensky, US President Donald Trump declared that there are decent odds of finally ending the Ukrainian conflict.

He added that:

Russian President Vladimir Putin and Ukraine’s Zelensky want to resolve the Ukrainian conflict

European leaders also want peace in the region

Zelensky did not give a clear answer whether he is ready for territorial concessions

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Renew Economy Tuesday, August 19, 2025 - 05:00 Source
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MacroBusiness Tuesday, August 19, 2025 - 00:05 Source

Earlier this year, Matt Bell of The Australian wrote an article based on the Hays 2025 Skills Report, saying that Australia was experiencing a skills crisis, with businesses struggling to recruit staff with the necessary abilities. Similar views have been expressed throughout the lead-up to the federal government’s productivity summit, even though Jobs and Skills

The post Australia needs skills, not Uber drivers appeared first on MacroBusiness.

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THE BLOT REPORT Monday, August 18, 2025 - 23:00 Source

Just over a year ago, I wrote a piece about the 2012 discovery of a group of early hominins, the Denisovans, from a cave in Siberia. All that was initially found was a finger bone, from which was extracted some DNA, which showed the owner as not belonging to the Neanderthals. This finger bone belonged to the first group of archaic humans to be revealed solely by their DNA and associated proteins, rather than the morphology of their fossilised bones. Subsequently another sample of Denisovan DNA was extracted from another specimen from the same cave1.

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Your Democracy Monday, August 18, 2025 - 16:19 Source

Ukrainian leader Vladimir Zelensky could bring the fighting with Russia to a halt “immediately” by agreeing to a settlement that rules out NATO membership and entails territorial concessions, US President Donald Trump has said.

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MacroBusiness Monday, August 18, 2025 - 14:00 Source

According to a 2022 survey conducted by the Carnegie Endowment for International Peace, Indian migrants much prefer Labor to the Coalition. The survey suggested that in the 2022 federal election, Indian migrants voted 58:34 for Labor over the Coalition. Chinese-Australians also appear to prefer Labor. The Tally Room discovered that in the 2022 federal election,

The post Why Labor will double down on Indian migration appeared first on MacroBusiness.

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Your Democracy Monday, August 18, 2025 - 14:00 Source

CovertAction Magazine co-founder Philip Agee was one of the best known whistleblowers of the 1970s, writing a tell-all book exposing CIA crimes and the influence of multi-national corporations in driving illegal covert operations.

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MacroBusiness Monday, August 18, 2025 - 13:30 Source

The Market Ear with more. The bull is on ketamine Here are the craziest charts from the week that truly make us believe that bull is on serious drugs. OH MAN! (MSFT + AAPL + NVDA) Nvidia, Microsoft, and Apple now make up over 21% of the S&P 500, the highest weighting for any three

The post AI bubble reaches critical mass appeared first on MacroBusiness.

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MacroBusiness Monday, August 18, 2025 - 12:30 Source

In the fast-evolving Communist self-censorship public forum of Australia, a man has broken ranks with the enforced media consensus. His name is Salvatore Babones, an American sociologist based at the University of Sydney. If being an American was not enough to invoke cancellation Article One, his arguments certainly are. Buried deep in an ashamed AFR is

The post Salvatore Babones cancelled! appeared first on MacroBusiness.

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MacroBusiness Monday, August 18, 2025 - 11:00 Source

Last week, we witnessed the seemingly extraordinary when the East Coast gas export cartel suddenly turned on itself, demanding the domestic reservation of Aussie gas. But was this really what it appeared to be? Or was it just more of the same corruption that has robbed Australians blind for over a decade? I will let

The post Santos needs to bribe the Grattan Institute appeared first on MacroBusiness.

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MacroBusiness Monday, August 18, 2025 - 10:30 Source

I have some good news and bad news for you, if you’re an Aussie. First, the good news. Your biggest export, iron ore, is managing to hold up despite a crash in Chinese property of cosmic proportions. The bad news? It is killing the planet at record speed. You’ve probably read lots of headlines about

The post Iron ore boom relies on death of the planet appeared first on MacroBusiness.

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xkcd.com Monday, August 18, 2025 - 10:00 Source

I dropped my phone while trying to search, and I tried to unlock it from up here, so can you also search for screen repair places?

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The Tally Room Monday, August 18, 2025 - 09:30 Source

We now have a quiet period following the federal election and the Tasmanian election, and I’m using it as an opportunity to complete my election guides for the elections next in the queue.

The South Australian election guide has already been published for some time, but today I’ve published my Victorian election guide.

The Victorian election will be held in November 2026, so that is 15 months from now.

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MacroBusiness Monday, August 18, 2025 - 09:00 Source

Friday night saw the release of the latest US retail sales numbers with import prices spiking and consumer inflation expectations rising again, getting traders further worried on Wall Street. The USD was on the ropes against all the majors, with oil prices also pushed slightly lower after stalling all week while Treasuries where sold off

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Monday, August 18, 2025 - 08:18 Source
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MacroBusiness Monday, August 18, 2025 - 08:00 Source

The Australian Bureau of Statistics (ABS) claims that international education is Australia’s fourth largest export, earning the country $51 billion in 2023–24. The ABS calculates this fantastical education “export” figure by summing expenditure by student visa holders on tuition fees and goods and services. In 2024-25, the ABS estimated that $30.2 billion was spent by

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Your Democracy Monday, August 18, 2025 - 07:36 Source

Ukraine’s Vladimir Zelensky and several Western European leaders are due in Washington on Monday for talks with US President Donald Trump.

The visit comes after Trump met Russian President Vladimir Putin in Alaska on Friday, in their first face-to-face talks since the escalation of the Ukraine conflict in 2022. Both leaders voiced cautious optimism that the discussions could help move towards a resolution of the hostilities between Moscow and Kiev.

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Your Democracy Monday, August 18, 2025 - 05:55 Source

On March 4, 2018, Sergei Skripal, a 66-year-old former Russian intelligence officer turned British defector was allegedly poisoned with Novichok nerve agent in Salisbury, England, along with his 33-year-old daughter Yulia.

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Your Democracy Monday, August 18, 2025 - 04:44 Source

The Trump-Putin encounter in Anchorage has angered some, disappointed others and baffled many more. Yet it has told us much about the state of the war in Ukraine, and the obstacles to the ending of hostilities.

Anyone wishing to make sense of the event would not have been helped by Trump’s proverbial incoherence and self-promotion. Nor was the banal coverage on offer in much of the Western mainstream media any more helpful.

 

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John Quiggin Monday, August 18, 2025 - 04:39 Source

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.

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Your Democracy Monday, August 18, 2025 - 04:33 Source

The Republican budget measure that U.S. President Donald Trump signed into law ... contains a provision that analysts say will allow private jet owners to write off the full cost of their aircraft in the first year of purchase, a boon to the ultra-rich that comes as millions of people are set to lose healthcare under the same legislation.

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Renew Economy Sunday, August 17, 2025 - 23:59 Source
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Your Democracy Sunday, August 17, 2025 - 20:49 Source

News reports about Schwarzenegger's father, Gustav, Nazi links first surfaced in 1990, at which time Arnold Schwarzenegger asked the Simon Wiesenthal Center, an organization he had long supported, to research his father's past.

 

read more

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Your Democracy Sunday, August 17, 2025 - 16:00 Source

 

There is a hypothetical alternative version of the 12-minute joint press conference between Vladimir Putin and Donald Trump where the leaders announced they had in fact reached an agreement and it was one that bargained away parts of a country not permitted entry to the negotiating room. 

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