International Reading:
- Oil Prices Are So Bad That Trump Considers Lifting Sanctions on Iran – New Republic
- Trump drives national debt to a staggering $39 trillion nearly double first term – The Mirror
- $39 trillion national debt is “an embarrassing milestone,” think tank says. “Clearly headed in the wrong direction” – Fortune
- Jerome Powell says you’re right to blame data centers for making your bills more expensive: ‘probably pushing inflation up’ – Fortune
- The World Is on Fire. Gas Prices Are Rising. Republicans Are Trying to Make It Harder to Vote – Mother Jones
- Trump Accused of Stealing $1 Billion From Migrants – Daily Beast
- Peter Schiff Warns U.S. Debt Could Hit $50T During Trump’s Presidency – Coin Edition
- Fed’s Powell confirms Trump is stuck with him until DOJ probe is ‘well and truly’ over – Reuters
- The national debt just crossed $39 trillion—almost doubling since Trump vowed to erase it – Fortune
- Traders now see little chance of an interest rate cut this year following Fed decision – CNBC
- Europe Tells Trump: Not Our War — No ships, no bases, no support. Europe’s coordinated rejection reshaping the Atlantic alliance in real time. – Bullion Bite
- Trump’s War With Iran Is Causing Gas Prices To Surge. Workers Are Already Feeling The Pain. – Huff Post
- Trump officials say gas prices will return to normal in ‘a few more weeks,’ but his own Energy Department says it will be 2027 – Yahoo
- Fed Reserve Chair Says Trump’s Policies Mostly to Blame for Inflation – New Republic
- About 90 ships cross the Strait of Hormuz as Iran exports millions of barrels of oil despite the war – Yahoo
- Pentagon seeks more than $200 billion in budget request for Iran war – Reuters
Local Reading:
- Fuel Crisis Averted After Australia Finds Unlimited Deposit of Oil in Domino’s Mega Meatlovers Range – The Shovel
- Prime minister’s office requests modelling for gas and coal tax to shield Australia from impact of war – ABC
- Albanese, Burke shouted at as anger erupts at Eid prayers – ABC
- Iranian deputy foreign minister labels US ‘terrorists’ and issues warning to Australia over actions in Middle East – ABC
- Young Australians face rising bowel cancer rates – 7News
- The Albanese government must seize the current fuel crisis and start taxing gas companies – The Guardian
- Albanese unveils new national fuel supply taskforce to steer response to Middle East war – ABC
- NSW police overusing ‘highly intrusive’ legal powers to monitor phones and computers, national watchdog finds – The Guardian
- Power bills on Australia’s east coast expected to fall by up to 10% from July, bringing ‘welcome relief’ – The Guardian
- ACCC investigating allegations of anti-competitive conduct by major fuel suppliers – ABC
- ‘A bigger scar’: prolonged war in Middle East could slash $16.5bn from Australian economy, Chalmers warns – The Guardian
- Health insurance premiums to hike as much as 25 per cent, CHOICE analysis shows – ABC
- Trade Me Property says rents have declined and more landlords are OK with pets – Interest.co.nz
- Labour’s problem is not Chris Hipkins – Interest.co.nz
- Lessons from the Muldoon era – Interest.co.nz
MB Media Appearances:
Last weekend’s Treasury of Common Sense on Radio 2GB/4BC explains why pursuing a high-immigration policy is nonsensical in the era of AI, which threatens to automate many jobs.
This episode of the Dismal Science on ABC Radio Upper Hunter discusses the economic implications of Australia’s diesel fuel shortage.
This Treasury of Common Sense with Phil O’Neil at Radio 2GB/4BC explains how Canada solved its rental crisis by slashing immigration. Why won’t Australia do likewise?
In this interview with ABC Radio Brisbane, I explained why hiking into a pending global recession is a risky move akin to what happened before the GFC in 2008.
This interview with Radio 2CC Canberra analyses Tuesday’s 25 bp interest rate hike from the RBA, which has eerie similarities to the rate hikes leading up to the Global Financial Crisis.
Last week’s podcast with Catherine Cashmore and Leith van Onselen broke down the latest issues impacting the Australian economy and housing market. It featured special guest Dr Cameron Murray from Fresh Economic Thinking.
