Watercooler reads and videos

International Reads:

• The Federal Reserve will cut interest rates 6 times in 2024 as the economy shows clear signs of cooling down, ING says – Yahoo
• Mexico’s minimum wage will rise by 20% next year, to about $14.25 per day – AP News
• Gas prices drop more than 60 days in a row. The median price has fallen to $3.06 a gallon – CNN
• Bombenomics: Biden admin circulates map showing how red states benefit from Ukraine aid – Politico
• California is projecting to be $58 billion short in tax revenue collection due to economic downturn – LAO
• Big banks announce layoffs and more bad loans as TD, Royal and CIBC post quarterly results – CBC
• Judge scolds SEC for apparent deception in crypto case, threatens to sanction agency – Fortune
• Billionaires amass more through inheritance than wealth creation, says UBS – FT
• Higher U.S. Household Debt Service Will Contribute to Consumer Spending Slowdown in 2024 – Fitch
• Warner Discovery CEO David Zaslav says he was forced to lay off hundreds because WarnerMedia ‘had never been restructured for the future’ – Yahoo
• The Atlantic: Inflation Is Your Fault – The Atlantic
• The economy is flashing a worrying signal that hasn’t been seen since right before the 2008 crisis – Business Insider
• UN chief says ending fossil fuel use is only way to save burning planet – Reuters
• It’s been a brutal year for homebuyers. Here’s what experts predict for 2024, from mortgage rates to prices. – CBS News

Local Reads:

• Coles and Woolworths to face Senate scrutiny amid claims of profiteering – The Guardian
• Why Aussies using negative gearing are ruining it for everyone – News.com.au
• Federal government to use existing Coalition-era terror laws as a basis for new preventative detention regime – ABC
• Top NSW cop’s name to be secret until 2063 after drink-drive charge – The SMH
• Australia commits to tripling of renewable energy capacity by end of decade – ABC
• New AUKUS space facility being built in WA’s remote north-west – ABC
• Victorian treasurer expresses support for decriminalising cannabis as senior leaders admit use – The Guardian
• There’s a housing gold rush in Australia. Will you strike it rich? – ABC
• Australian school students need lessons on how to behave, classroom disruption inquiry says – ABC
• Satellite AI analysis finds thousands of hectares of “magnificent forests” in Victoria that haven’t regenerated after logging – ABC
• The hollow centre – From border security to tax, the hollow centrism of the two-party system is destructive to the national interest – The Monthly
• Rozelle Interchange was meant to ease congestion on Sydney roads. So what went wrong? – ABS
• A toxic trio and a triple threat to the New Zealand economy? – Interest.co.nz
• Luxon wants inflation put at the top of the agenda – Interest.co.nz
• Latest figures from Realestate.co.nz suggest housing market could be heading for a quiet summer – Interest.co.nz

Last week’s media appearances:

LVO on Sky News talking monthly CPI result and interest rates:

LVO on the Treasury of Common Sense talking interest rates, inflation, the economy and stupid statements from RBA governor Michele Bullock: