International Reads:
- Millennials want to retire by 60. Good luck with that. – USA Today
- The cost of owning a home is officially the highest on record, Redfin says. Here’s how bad it is out there – Fortune
- Florida sees thousands of people quit their jobs – News Week
- Dropbox’s CEO says managers mandating returns to the office are just ‘mashing the go-back-to-2019 button’ and creating toxic relationships with staff – Fortune
- ‘The clock has struck midnight’ for Tesla and Elon Musk – Yahoo
- How The American Workforce Got Hooked on Adderall – Bloomberg
- The economy might be booming, but housing has fallen into a recession: A top real estate CEO says he’s never seen anything like it – Fortune
- Jamie Dimon Knew Subprime ‘Could Go Up In Smoke’; Now He’s Worried About An Artificial Economy ‘Fueled by Government Deficit Spending’ – Benzinga
- Why the world of chocolate is in crisis – Bloomberg
- Rents Are the Fed’s ‘Biggest Stumbling Block’ in Taming US Inflation – Bloomberg
- The lowest salary Americans will accept at a new job reached a record high – CNBC
- Positive Economic Data Is Hiding Bleak Reality for Families – Time
- March homes sales dropped despite a surge in supply. Here’s why. – CNBC
Local Reads:
- Woolworths admits to underpaying staff by $1.24m, could face a hefty fine – MSN
- HECS debts are forecast to grow more than 4% in June and some workers worry indexation means they’re “only paying back the interest” on their student loans – ABC
- Queensland state LNP backs Labor’s emission cuts of 75% by 2035 drawing ire from federal colleagues – The Guardian
- Australian states and territories united in support of federal bill banning non-prescription vapes – The Guardian
- Australia plans for a ‘less certain’ future in Asia — one where the US may not remain the dominant force – The Guardian
- Australia’s long-sought stronger environmental laws just got indefinitely deferred. It’s back to business as usual – The Conversation
- Plans for new fighter jets on back burner despite Labor’s $50bn boost to defence spending – The Guardian
- Private schools, public subsidies: with $50k fees per child per year, how can tax breaks be justified? – Michael West
- Digital money would be private but not anonymous like cash, the RBNZ says – Interest.co.nz
- Increase in alcohol-related crime by migrant workers prompts warning of deportation – Interest.co.nz
- Sticky domestic inflation will be getting stuck in the RBNZ’s teeth – Interest.co.nz
MB Media Appearances:
Discussing the latest disastrous rental and construction data, which suggests that Australia’s rental crisis will worsen, with Luke Grant at Radio 2GB:
A detailed interview with David Flint at ADHTV discusses Australia’s immigration numbers, focusing on the record boom in international students.
I also explain why the export numbers attached to international education are a sham, which encourages poor policymaking.
An interview with 3AW’s Tom Elliott, where I discuss Tuesday’s record migration numbers from the ABS and why they mean that the rental market will worsen:
A detailed interview with Clinton Maynard at 2GB where I discuss the latest migration numbers and why the Albanese government’s education policies will make skills shortages worse.
A detailed interview with Matthew Pantelis at Radio Five AA where I discuss immigration and its impact on the housing market and economy:
An interview with Ellis Gelios on Flow FM explains why Australia’s immigration system is unsustainable:
A detailed interview with Martin North at Digital Finance Analytics:
