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Oz Blog News Commentary
MacroBusiness Monday, July 21, 2025 - 10:30 Source

South African fashion retailer The Foschini Group has 563 stores across Australia, and its brands include Tarocash, Connor, and Johnny Bigg. Foschini’s financial accounts show that its Australian sales fell by nearly 3% to $745 million in the year to 31 March 2025. The company told investors and analysts that its Australian division is being

The post Recession smashes Aussie retailers appeared first on MacroBusiness.

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MacroBusiness Monday, July 21, 2025 - 10:00 Source

The ferrous complex is fast hurtling into the absurd. Above $100, an abundant Indian supply will gush back into the market. And we’ve got some shorts to squeeze. Meanwhile. Pilbara killer port operations are coming to life as huge transformer-like monsters are installed. Such state-of-the-art operations risk the possibility of outperforming projected volume benchmarks. Yawnulus

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xkcd.com Monday, July 21, 2025 - 10:00 Source

 Mallard, eastern poison ivy.

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MacroBusiness Monday, July 21, 2025 - 09:30 Source

Are Australians so grotesquely entitled that they’d rather jettison democracy than pay a little more for their defence of said democracy? From The Australian: Core support for the Coalition has collapsed to the lowest point in 40 years following Labor’s convincing election victory, despite poor approval ratings for Anthony Albanese’s leadership at the start of

The post Peak Labor is here appeared first on MacroBusiness.

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MacroBusiness Monday, July 21, 2025 - 09:00 Source

Friday night saw risk markets hinge on more trade concerns with the Trump regime pushing for a baseline 15-20% tariff on all EU products while at the same time obfuscating any real chance of a deal with Japan, which went into the final session of the trading week under an election cloud. Wall Street tried

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, July 21, 2025 - 08:00 Source

I reported last week that Australians have become increasingly bullish on house prices, with the latest Westpac consumer sentiment index showing that house price expectations have surged to a cyclical high, coinciding with a strong rebound in the “time to buy a dwelling” index. The auction market matches the surge in expectations. Cotality reported that

The post RBA and government put a rocket under house prices appeared first on MacroBusiness.

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Your Democracy Monday, July 21, 2025 - 05:55 Source

ONE OF THE BIGGEST ADVANCES in public health from the last few years is one that you’ve probably never heard about—and one that now may be in jeopardy thanks to the Trump administration.

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Your Democracy Monday, July 21, 2025 - 05:46 Source

Alan MacLeod looks at how the Swedish climate activist widened her focus to the capitalist system and Israeli genocide in Gaza and lost the attention of the corporate press.

Once the favoured child of the establishment, Greta Thunberg has been dropped by the global elite.

 

From Media Darling to Persona Non Grata: Greta Thunberg’s Journey

 

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Your Democracy Monday, July 21, 2025 - 04:44 Source

 

For the past 500 years, the West has reigned as the world’s dominant civilization. Though its grip has loosened in recent years, the West – especially the United States – remains the most powerful force in global politics and the international economy. This power, while capable of building plenty, also carries the potential to destroy a lot.

 

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MacroBusiness Monday, July 21, 2025 - 00:05 Source

Australia’s ‘miracle’ labour market has been living in somewhat of a fool’s paradise. A boom in government-funded jobs has driven Australia’s strong job growth and historically low unemployment rate. The non-market sector, which comprises public and private service providers that rely on government funding, has accounted for 60% of total job creation since the pandemic

The post Unemployment shock to trigger RBA rate cuts appeared first on MacroBusiness.

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Renew Economy Sunday, July 20, 2025 - 22:04 Source
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Your Democracy Sunday, July 20, 2025 - 21:00 Source

Barack Obama entered national politics with a smile that looked like Hope and Change. Amid rumors of family discord and disarray within the political party he once led, his face has hardened. He lately looks bitter, resentful, exhausted by the act. 

 

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Renew Economy Sunday, July 20, 2025 - 16:35 Source
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Renew Economy Sunday, July 20, 2025 - 16:35 Source
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Your Democracy Sunday, July 20, 2025 - 14:39 Source

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MacroBusiness Sunday, July 20, 2025 - 12:27 Source

By Harry Ottley, economist at CBA The unemployment rate rose to 4.3% in an otherwise quiet week locally. Next week is quiet again. The RBA minutes and a speech from RBA Governor Bullock will garner the most attention. The calendar offshore is also extremely light, with CPI in NZ and the ECB policy decision the

The post The economic week ahead appeared first on MacroBusiness.

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The Tally Room Sunday, July 20, 2025 - 09:30 Source

There were some noticeable swings in the Tasmanian election, and there will be some changes in the Assembly, but overall the result seems to have produced a Parliament with a similar balance of power. That’s not great news for the government, because the outgoing Assembly had just voted no confidence in that very government.

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Your Democracy Sunday, July 20, 2025 - 07:39 Source

On February 4, 2026, the last remaining strategic arms control treaty between the United States and Russia, New START, will expire. Void of an extension of this treaty, or the activization of an alternative arms control mechanism that replicates/improves on the existing treaty, there will be an extremely high risk of both the US and Russia feeling compelled to enter an expensive and potentially catastrophic nuclear arms race.

 

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MacroBusiness Sunday, July 20, 2025 - 07:03 Source

DXY faded Friday night. AUD was stable. The bif short is, like, permanent. Lead boots going downhill. Commods flew as DXY paused. Big mining bear steel counter-rallying. EM looks more like yesteryear. Junk OK. As yields eased. Stocks flat. Goldman is modestly bearish on AUD as the RBA is run over by its own stupidity.

The post Australian dollar to fall with interest rates appeared first on MacroBusiness.

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Your Democracy Sunday, July 20, 2025 - 05:55 Source

All the events of recent days and weeks have once again clearly shown that the problems of international security are entirely linked to the criminal actions of the NATO-Western regimes. The only difference is that today, the main forces of the multipolar world order will not fall into the Western trap, now that the lies and hypocrisy of the Western global minority have reached the point of no return—with all the consequences that follow. 

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Your Democracy Sunday, July 20, 2025 - 05:55 Source

The Writers Guild of America (WGA) has called for an investigation into the abrupt cancellation of The Late Show with Stephen Colbert by CBS and its parent company, Paramount Global, alleging the move was politically motivated.

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Your Democracy Sunday, July 20, 2025 - 04:44 Source

 

Peatlands are vital for human survival, but we are destroying the few that are left. Australia’s gas industry facing a volatile future. Chinese banks funding the destruction of tropical forests – not good for humans or tigers.

Peatlands: vital but unprotected

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MacroBusiness Sunday, July 20, 2025 - 00:10 Source

Dear Millie Muroi. Greetings from the people of Macrobusiness. We know you are the young up-and-coming economics commentator in the mainstream media at Nine, and we really do hope that you have a long and distinguished career in Australia’s media. We understand if the only things you may have heard about Macrobusiness are not all

The post No, Australians should not pay more for energy appeared first on MacroBusiness.

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Your Democracy Saturday, July 19, 2025 - 20:37 Source

Gen. Christopher Donahue assumed command of Allied Land Command and U.S. Army Europe and Africa in December 2024.

Gen. Donahue is a graduate of the United States Military Academy at West Point, NY, and was commissioned in 1992.

In his previous assignment, he served as the 39th Commander of the XVIII Airborne Corps, and Ft. Bragg, NC and as the Commander of the 82nd Airborne Division. 

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MacroBusiness Saturday, July 19, 2025 - 18:05 Source

If you are curious about the differences in methodology between myself and the usual auction data providers, there is an explanation down the page.   After last week’s strong performance from the Sydney auction results, it’s strongest since June 2023, it appeared increasingly likely that the Sydney market was set for a boom. This week

The post Sydney auction market falls back to Earth appeared first on MacroBusiness.

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The Tally Room Saturday, July 19, 2025 - 18:00 Source

6:00 – Polls have just closed for the 2025 Tasmanian state election. I’ll be live-blogging the results here tonight. I’m also going to have a go at posting some video updates on Instagram if you’re interested in that sort of thing. Stay tuned for some results updates right here.

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George Monbiot Saturday, July 19, 2025 - 16:42 Source

England’s privatised water system leaves us incapable of responding sensibly to droughts.

By George Monbiot, published in the Guardian  17th July 2025

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Your Democracy Saturday, July 19, 2025 - 16:19 Source

The EU has finally agreed upon the 18th sanctions package on Russia, as Slovakia has lifted it’s veto. Kaja Kallas and Kestutys Budrys have made statements about how the 18th sanctions package would affect Russia and have called upon the US Senato to place even more sanctions on Russia.

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MacroBusiness Saturday, July 19, 2025 - 09:09 Source

Independent performance tables to 30 June are in, and the AFR  has listed the best‑performing large super funds. Our flagship MB Growth fund finished near the very top with a 12.1 % return for FY‑25¹. We’re proud of the outcome, but prouder still of how we achieved it. What made the difference? Driver Our positioning Why it

The post MB Growth Tops Super FY25 League Tables—Here’s What Drove It appeared first on MacroBusiness.

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Your Democracy Saturday, July 19, 2025 - 09:00 Source

Chris Townsend has been organizing workers, conducting political work for labor unions, and teaching young workers to organize for almost all his adult life. He is, as we say, “the real deal.” While most of us opine and pontificate about labor, Chris does the dirty work.

 

Hard Truths About the US Labor Movement: An Interview with Chris Townsend

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