Economy

Created
Tue, 26/03/2024 - 04:55
Of course, at this time of rising living costs, economic uncertainty, and impending climate disaster, subsidising the British and American submarine construction industrial bases is the obvious priority. At least it seems that way to the Albanese government. The lack of a convincing strategic justification for the AUKUS-SSNs is a separate matter from the approach Continue reading »
Created
Tue, 26/03/2024 - 04:56
US lawmakers have introduced a bill that would bar US mutual funds from investing in indexes that track Chinese stocks (Bloomberg). According to Bloomberg “The legislation targets mutual funds that invest in indexes tracking primarily Chinese stocks, rather than those investing in indexes that only include some Chinese companies, according to Sherman’s office. However, the Continue reading »
Created
Mon, 25/03/2024 - 04:51
Andrew Hastie and Tony Abbott are trying to install a candidate in WA who has written a fictional book to scare people about a Chinese invasion of Australia. Western Australia exported $270 billion worth of goods in 2022-23, of which more than half, $147.7 billion worth, went to one country. Guess which one? China’s 54.6 Continue reading »
Created
Mon, 25/03/2024 - 04:50
The CEO of BYD, the Chinese giant challenging Tesla as the world’s biggest electric vehicle maker, says sales of New Energy Vehicles (NEVs), including battery electric vehicles (BEVs) and plug-in hybrids (PHEVs), will make up more than half of all new cars sold in China within the next three months. “The penetration rate of NEVs Continue reading »
Created
Sun, 24/03/2024 - 04:50
Will a grid based around wind and solar kill manufacturing and industry? It’s what the naysayers – the Coalition and conservative agitators – want you to believe, but the experience in South Australia, which leads the world in the uptake of wind and solar, proves the opposite. The state’s transmission operator ElectraNet says wind and Continue reading »
Created
Sun, 24/03/2024 - 04:51
One of the Ten Commandments says, with awkward bluntness: Thou Shalt Not Steal. Predictably, some are inclined to read certain qualifications in to this prohibition. As it happens, this sort of adaptive-thinking underpins arguments made in a recent article in the leading US journal, Foreign Policy. Briefly, in this article entitled: “Europe Edges Closer to Continue reading »
Created
Thu, 21/03/2024 - 04:51
A not-so-happy anniversary: Usually, a first anniversary is an occasion for all-round rejoicing and back-slapping. So, it was to be expected that there’d be universal self-congratulation on the first anniversary of Anthony Albanese’s, Rishi Sunak’s and Joe Biden’s announcement on 13 March 2023 that Australia would purchase nuclear-powered attack-class submarines from the US as part Continue reading »