Weekend reading and MB media appearances
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International Reading:
- Yes, It’s Time to Tax the Rich – Common Dreams
- Trump’s DOJ Makes Shocking Settlement With Michael Flynn. The Justice Department is forking over tons of taxpayer dollars to President Trump’s former national security adviser. – New Republic
- Trump Team Examines What Oil as High as $200 a Barrel Would Mean – Bloomberg
- Senate blocks third attempt to stop Iran war – Stripes
- Germany Is Drafting Plan to Hit US Companies in Next Trump Clash – Bloomberg
- White House Scrambles to Downplay Shockingly Well-Timed Bets – Daily Beast
- USPS slapping 8% surcharge on packages to help cover rising transportation costs – The Mirror
- Summer Airfares Up 17% As Iran War Squeezes Airlines And Passengers – Forbes
- A top Citi banker warns AI could mean a ‘tragic end’ for capitalism if we don’t act now – Business Insider
- Iran War Could Be Making of the Petroyuan, Deutsche Bank Says – Bloomberg
- JPMorgan has started monitoring the keystrokes, video calls, and meetings of its junior investment bankers—and they say it’s for employee well-being – Fortune
- The economy has a Strait of Hormuz deadline for Trump: Two weeks – CNBC
- France confirms oil crisis, says 30-40 percent of Gulf energy infrastructure destroyed – France 24
- Microsoft Is Having Its Worst Start to a Year Since 2008. Is That a Red Flag or a Once-in-a-Decade Buying Opportunity? – Yahoo
- Larry Fink says the Iran war ends in one of two extremes: Abundance, growth, and oil at $40 a barrel, or a global recession and years of oil at $150 – Fortune
- Poland’s wealth gap to EU average narrows to record low level – Notes from Poland
Local Reading:
- Andrew Hastie open to 25% tax on gas profits and says multinationals have ‘had a really good run’ on Australian wealth – The Guardian
- PM calls second emergency national cabinet meeting over fuel crisis – ABC
- Australia’s Fuels Dependence Turns Into a Crisis – Oil Price
- Australia claims it is ‘on track’ to save nature. We disagree – The Conversation
- Hard time for renters as landlords squeeze tight market – ABC
- Qantas ramps up services to Europe as travellers avoid Middle East stopovers – ABC
- TGA proposes reforms to sunscreen regulation including new testing technologies – ABC
- Residents in Melbourne’s west complain of ‘dead rat’, ‘rotting flesh’ smells – ABC
- From the Gulf War of the 1990s to the 2020 pandemic, global crises generally follow a predictable path – ABC
- ‘Fight will continue’ without change, say ABC workers amid 24-hour strike – ABC
- Roads, housing, stadiums face multi-million-dollar blowouts due to fuel crisis – ABC
- First home buyers very active in February but a bit more cautious in price – Interest.co.nz
- Bank mortgage switching frenzy subsides – Interest.co.nz
- ANZ economists predict 2% drop in house prices this year – Interest.co.nz
- Westpac sees further house price falls – Interest.co.nz
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MB Media Appearances:
DLS writing in News.com.au: ‘Recession imminent’: Expert sounds alarm | news.com.au — Australia’s leading news site for latest headlines
LVO interviewed in News.com.au: US ships ‘coming to our rescue’ in fuel crisis | news.com.au — Australia’s leading news site for latest headlines
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LVO interviewed by Radio 2GB/4BC:
LVO interviewed by Radio 2GB/4BC:
Last week’s podcast with Catherine Cashmore from Land Cycle Investor:
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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.