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International Reading:
- Trump tariffs would increase the price of cars made by US automakers by over $2K: Wells Fargo – Business Insider
- Elon Musk wants to ‘delete’ a federal agency designed to prevent another financial crisis and protect people from scams – Yahoo
- Elon Musk publicized the names of government employees he wants to cut. It’s terrifying federal workers – Yahoo
- The new tariffs being floated by Trump now are dramatically larger and there could be far more significant negative economic impacts. – Huffington Post
- Americans change their tune on economy – News Week
- Canada leaders agree to unite against Trump tariff threat amid reports of retaliatory measures – The Guardian
- Michigan’s legal marijuana market is poised to surpass $10 billion in total recreational sales by year’s end – Marijuanna.net
- The total wealth of Trump’s top team is $340 billion — more than the GDP of 169 countries – Independent
- Gen Z is drowning in debt as buy-now-pay-later services skyrocket: ‘They’re continuing to bury their heads in the sand and spend’ – Fortune
- Black Friday 2024: are retailers struggling to attract shoppers? – News Week
- Wells Fargo: Trump tariffs would add $2.1K to the price of cars made by US automakers and could cost Ford, Stellantis, and GM billions in profit – Fortune
- Russian ruble collapses as Putin’s economy in trouble – News Week
- Mexico warns Trump tariffs would kill 400,000 US jobs, threatens retaliation – Reuters
- How the 1980s Engineered the Collapse of the Working Class – The Walrus
- China Has a New Playbook to Counter Trump: ‘Supply Chain Warfare’ – NY Times
Local Reading:
- Kids under 16 to be banned from social media after Senate passes world-first laws – ABC
- Deleted reviews show backpackers tried to warn others about hostel at the centre of methanol poisoning scandal – ABC
- Labor’s capitulation on the environment has shaken even true believers like me – The Guardian
- Senate likely to pass 31 bills in frantic end to year after Labor strikes deal with Greens – The Guardian
- Medicinal cannabis sales are booming but unethical prescribing is putting Australians at risk, report finds – ABC
- Driver licence, Digital ID can still be collected by social media companies under amended teen ban bill – Crikey
- Sarah Wade: Mother and her four children forced to sleep in tent due to housing crisis – News.com.au
- Australia falls dramatically short of 2030 emissions reduction goal, latest independent scorecard shows – ABC
- Prime Minister Anthony Albanese denies he stopped environmental legislation, issues election pitch to Australians – ABC
- Golden Slipper favourite drowns in freak pool accident, as much as $4.5 million lost – The SMH
- Australia central bank says inflation too high for near-term rate cut – Business Times
- Why Australia is a ‘long way’ from tracking down 75,000 visa overstayers – SBS
- Bureau of Meteorology summer forecast predicts wetter and warmer season fuelled by simmering oceans – ABC
- RBNZ to keep interest rates restrictive for now – Interest.co.nz
- Reserve Bank forecasts 7% house price growth next year – Interest.co.nz
- Filled job numbers fall for seventh consecutive month – Interest.co.nz
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Media Appearances:
Why Australia’s living standards have collapsed
Australia’s future is on the line
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Australia’s housing “doom loop”
Australia’s economic luck is about to run out
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.