International Reading:
- Over 50,000 home deals collapse in weeks as panicked buyers pull out in droves in grim omen for US economy – Daily Mail
- How Trump’s Billionaire Money Machine Is Crushing Democracy – Fact Keepers
- Democrats top Republicans on economy for first time since 2010: Fox News poll – The Hill
- Trump’s net approval rating on economy and overall falls to lowest of his two terms, CNBC survey shows – CNBC
- When interest on national debt overtook military spending, it triggered a limit where the U.S. may “cease to be a great power”, warns Hoover historian – Fortune
- AI is already leading to fewer jobs for young people, says Sunak – BBC
- S&P 500 Near Record High While Consumer Sentiment Hits All-Time Low in Worst Disconnect Ever – Block Now
- WBD shareholders approve the Paramount merger — but reject David Zaslav’s pay package – Business Insider
- America’s national debt is heading to 175% of GDP. Here’s why no president—including Trump—has the will to stop it – Fortune
- Trump’s tariffs were supposed to close the trade deficit. The AI boom had other plans – Fortune
- Trump Media replaces CEO Devin Nunes as its losses top $1 billion – CBS News
Local Reading:
- Albanese poised to kill off move to increase taxes on gas giants – ABC
- Australians ‘uneasy’ about NDIS cuts amid $53bn in new defence spending, Mark Butler concedes – The Guardian
- Hackers steal $3.7m from Sri Lanka earmarked for debts to Australia – ABC
- First home buyer scheme found to be fuelling price increases at lower end of market, Cotality suggests – ABC
- Construction contract hold-up could delay submarine builds needed for AUKUS – ABC
- Ancient fossils reveal when the iconic Twelve Apostles formed – ABC
- David Pocock grills Shell over $109m gas tax bill – News.com.au
- People with autism to be at centre of 160,000 NDIS removals – ABC
- Australia wants to know how Valve is combating ‘extreme-right communities’ on Steam – PC Gamer
- Landholders band together against coal seam gas development – ABC
- Government scraps private healthcare rebate bonus for over 65s – The Age
- Labor under internal pressure on gas tax as influencer says government ‘stopped working for the punters’ – The Guardian
- Government to cut more than 150,000 people from NDIS scheme as budget blows out – ABC
- Economic recovery ‘delayed, but not derailed’, Treasury’s new worst case inflation estimate 7.4% – Interest.co.nz
- Labour to support India FTA but has a warning for business – Interest.co.nz
- Coalition tensions rise between NZ First and National – Interest.co.nz
- Are rising mortgage rates just the next cost that are about to hit household budgets? – Interest.co.nz
MB Media Appearances:
This Treasury of Common Sense with Luke Grant at Radio 2GB/4BC discusses Energy and Climate Minister Chris Bowen’s claim that Australia won’t return to its 90-day liquid fuel requirement as specified by the International Energy Agency because electric vehicles will reduce fuel demand.
I also attack Assistant Treasurer Andrew Leigh’s blatant misuse of migrant statistics.
This interview with Bill Woods on Radio 2GB examines Canada’s deep immigration cuts, which have reduced rents to a 35-month low after 18 consecutive months of declines. Why won’t the Albanese government emulate Canada?
Last week’s Treasury of Common Sense with Mike Jeffreys at Radio 2GB/4BC discussed the latest net permanent & long-term arrivals data, Treasurer Jim Chalmers’ upgraded migration forecasts, and their impact on the rental market.
Last week’s podcast with Catherine Cashmore from Land Cycle Investor delves into the latest batch of house price and rental data, with a particular focus on the accelerating housing corrections in Sydney and Melbourne. We also examine Australia’s extreme dependence on diesel and answer viewers’ questions.
