International Reads:
- World’s richest have never been so wealthy: study – Yahoo
- Middle-class Americans are falling behind – CNN
- Boomers are setting up a showdown with millennials, aging in place and plunking down hundreds of thousands on renovating those homes – Fortune
- Biden sold off nearly 50% of the Strategic Petroleum Reserve. Is that a problem? – Fortune
- The U.K’s super-rich are in ‘panic mode’ and are fleeing the country – Fortune
- Why Americans are so frustrated with the economy right now – CNN
- Why a five-day return to office is unlikely, Stanford economist says – CNBC
- Americans are suffering financial burnout – News Week
- US Payroll Gains Not as Robust as Reported, New Data Suggest – Bloomberg
- Rivian’s path to survival is now remarkably clear – Tech Crunch
- Why You Shouldn’t Obsess About the National Debt – NY Times
- Australian pension giants scale up overseas ambitions – Nikkei Asia
- China curbs housing development to fight supply glut – Nikkei Asia
- Japan consumer spending climbs in April for first time in 14 months – Nikkei Asia
- China is main beneficiary of West’s futile energy transition push – Nikkei Asia
- Will young voters boost far right in EU elections? – DW
- Germany: Cannabis limit set for drivers – DW
- Latin America’s anger grows over China’s economic clout – DW
- Are Google, Meta and Amazon’s AI tools hampering innovation? – DW
- Workforce ageing can harm the careers of younger workers – VoxEU
- How influencer cartels manipulate social media: Fraudulent behaviour hidden in plain sight – VoxEU
- Russia overtakes Japan to become the fourth largest economy in the world in PPP terms – BNE Intellinews…..thanks to the most idiotic sanctions ever dreamed up anywhere….
- Russia’s despair index result is the best ever, while Ukraine’s crashes – BNE Intellinews…..thanks to the most idiotic geopolitics and ‘support’ ever dreamed up anywhere….
- Who consumes the most power to mine bitcoins? – BNE Intellinews
- Cutting interest rates was easy. But the Bank of Canada still has a credibility problem – CBC
- Stressed at work? Anxious about the wider world? You might be part of ‘The Great Exhaustion’ – CBC
Local Reads:
- Robodebt was illegal but were its officials corrupt? This decision means now we won’t know – The Guardian
- Gas extraction project’s approval near the Twelve Apostles Marine Sanctuary draws strong reactions – ABC
- Local growers devastated as Woolworths swaps to Chinese, South African fruit – The Age
- How every resident in the remote community of Marlinja has reduced their power bill by 70 per cent – ABC
- Hey Hey It’s Saturday was appointment viewing. Australian TV has changed a lot since its demise – ABC
- Australia’s school funding model ‘catastrophically broken’ – Educator Online
- Meet the uber-wealthy families who control much of the food system in the US and Australia – ABC
- As GDP stalls and the per capita recession deepens, economic parallels with the early 1990s are eerie – ABC, Janda
- Building approvals in Australia at decade lows — what does this mean for the housing crisis? – ABC
- Blueberry prices skyrocket to $20 a punnet as harvest wraps up in southern growing areas – ABC……produce prices of all sorts are significantly higher than they once were
- Fair Work’s award and minimum wage rise won’t lead to higher interest rates, but it won’t ease the squeeze on households either – ABC Janda
- ANZ NZ economists change OCR call again, now expect first cut next February – Interest.co.nz
- Building industry downturn starts to bite – Interest.co.nz
- Short is good? Kiwis still going shorter and shorter with mortgage fixed interest terms – Interest.co.nz
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MB Media Appearances:
RBA caught between a rock and hard place on interest rates:
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Australians caught in interest rate tug of war:
Forget the spin. Australians are in a recession:
