International Reads:
- Trump floats eliminating U.S. income tax and replacing it with tariffs on imports – CNBC
- Why Nearly Half of US Online Job Postings Are Fake – Epoch Times
- Economist Paul Krugman Reacts To May CPI Data: ‘Inflation Has Basically Been Defeated’ – Bezinga
- Inflation rises 3.3% in May, less than expected – Fox Business
- Russia shuts down dollar and euro trading after sweeping US sanctions take aim at Moscow’s financial lifelines – Business Insider
- GM lavishes shareholders with cash weeks after saying it couldn’t afford workers’ demands – CNN
- $3.4 trillion in individual tax cuts are expiring next year. Biden and Trump would handle it very differently – CNN
- Home insurance rates around the nation jumped an average of 11.3% in 2023, with owners in Arizona, Texas and Utah seeing spikes of more than 20% – CBS News
- The workers are not alright: Most employees are quiet quitting and it’s costing the global economy trillions – Fortune
- Housing costs are clouding an otherwise glowing economy – CNN
- World faces ‘staggering’ excess of oil by end of decade, warns IEA – Yahoo
- The big threat to dollar dominance is American dysfunction – FT
Local Reads:
- Scott Morrison turned down by Australian Club – The SMH
- ABC’s Media Watch host, Paul Barry, to leave after 11 years – The SMH
- Melbourne councillor pushes to double rates for property investors and halve them for owner-occupiers – The Guardian
- Social media age limits might be popular with politicians and parents, but experts warn they aren’t simple – ABC
- SA government proposes ‘world-leading’ laws to ban political parties from receiving electoral donations – ABC
- Independent inquiry launched into NACC decision not to probe Robodebt referrals – ABC
- NACC confirms it’s scrapping its Tourism Australia investigation. Now the agency is out of excuses – Crikey
- Farmers who graze sheep under solar panels say it improves productivity. So why don’t we do it more? – The Guardian
- Experts say thousands of home owners face property value loss due to new flood modelling. In Melbourne, the process has begun – ABC
- Peter Dutton’s energy policy is a political death wish – and utterly irresponsible in the face of the climate emergency – The Guardian
- Students at Victorian state schools will all be taught reading using phonics from 2025 – ABC
- The City of Sydney will call for major reforms to the short-term rental sector as it raises concerns that thousands of properties on hosting sites such as Airbnb have been operating without valid registrations – The Guardian
- QV says houses prices are teetering on the brink as average values start to slide – Interest.co.nz
- Retail spending falls for fourth consecutive month – and the falls are getting bigger – Interest.co.nz
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MB Media Appearances:
GDP is a rubbish measure of economic welfare
State governments engage in “burnout economics”:
Housing industry declares war against broken migration system:
