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Macron’s Prime Minister resigns after just one month

Macron’s latest prime minister resigns after just a month amid growing fiscal challenges and government instability in France

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Macron’s latest prime minister resigns after just a month amid growing fiscal challenges and government instability in France

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In Short:
– Sébastien Lecornu resigned as Prime Minister after less than a month, the shortest tenure in Fifth Republic history.
– His departure reflects Macron’s ongoing challenges in securing a stable government amid economic difficulties and political division.
Sébastien Lecornu has resigned as France’s Prime Minister after less than a month, marking the briefest tenure in the country’s Fifth Republic.His departure highlights President Emmanuel Macron’s ongoing difficulties in establishing a stable government amid worsening fiscal conditions.

Lecornu, the fourth prime minister to resign under Macron, faced the challenge of addressing a significant budget deficit while managing a divided National Assembly.

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France’s rising borrowing costs reflect its economic troubles. The CAC 40 index dropped by 2%, and the yield on 10-year bonds climbed to 3.6%. Critics, including Jordan Bardella of the National Rally, are calling for the dissolution of the National Assembly, arguing that such action is necessary for stability.

Upcoming elections could further weaken Macron’s legislative power. His earlier decision to dissolve parliament led to fragmentation, with left-wing and far-right parties gaining strength at the expense of Macron’s centrist coalition.

Government Instability

Lecornu was appointed after François Bayrou’s government collapsed. Bayrou faced backlash for proposing cuts to public spending, intensifying fiscal issues. Lecornu aimed to reform the approach of previous administrations but faced opposition from both ends of the political spectrum.

Rather than seeking cooperation, he appointed familiar figures from previous governments, drawing criticism from conservatives and leftists alike. Macron has been hesitant to engage with the leftist coalition that won the most votes in recent elections, complicating efforts to establish a governing majority.


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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Newspoll shows divided opinions on rising house prices

Newspoll shows divided opinions on Australian house prices as government support raises expectations for market increase

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Newspoll shows divided opinions on Australian house prices as government support raises expectations for market increase

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In Short:
– Newspoll reveals a divide among Australians on house prices, with 34% wanting increases and 30% preferring stability.
– The Albanese government plans to build 1.2 million homes by 2029 to address housing supply issues.
Newspoll indicates a split among Australians regarding house prices over the next three years. More voters support an increase in home values than those who prefer stability or a decrease.
This comes as expectations rise due to government support aimed at aiding first-home buyers.The survey, conducted for The Australian, shows that 34% of respondents want prices to rise, while 30% want them to stay the same and another 30% wish for a decrease. A notable 6% had no preference.

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Divisions among the population are evident, especially between those with mortgages and renters. The Albanese government aims to address housing by pledging to build 1.2 million homes by 2029, but opinions on property prices are divided.

Most respondents aged 18-34 are in favour of dropping house prices, contrasting with older demographics more supportive of value increases. Rental households predominantly desire lower prices, in stark contrast to homeowners. Support for rising prices is stronger among Coalition voters and those who support independents.

Government Response

Prime Minister Albanese noted the government’s expansion of the Home Guarantee Scheme aims to ease access for first-home buyers. He highlighted the scheme’s minimal impact on price increases, despite a slight projected rise.

Albanese addressed housing supply challenges mentioned by Reserve Bank governor Michele Bullock, stating that building takes time. He underscored ongoing efforts to boost housing stock through initiatives, including the Build to Rent scheme and renovation of unoccupied homes.


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Takaichi aims for Japan’s first female prime minister

Sanae Takaichi breaks barriers to lead Japan’s ruling party, poised to become the first female prime minister

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Sanae Takaichi breaks barriers to lead Japan’s ruling party, poised to become the first female prime minister

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In Short:
– Sanae Takaichi aims to become Japan’s first female prime minister, leading the ruling party amidst conservative policies.
– Her nationalistic views and opposition to same-sex marriage could alienate voters and challenge her leadership.
Sanae Takaichi emerged victorious in the male-dominated race to lead Japan’s ruling party, positioning herself to potentially become the country’s first female prime minister.
Takaichi’s conservative stance and fiscal policies have raised concerns among investors regarding her plans for an expansionist fiscal agenda.
Despite her background as a heavy metal fan, her nationalistic views may provoke tensions with China.Banner

With previous leadership attempts, Takaichi intends to gain parliamentary approval to replace Shigeru Ishiba. Although she belongs to the largest ruling party, the coalition currently lacks a clear majority following recent election losses.

Hosting a meeting with former President Donald Trump is anticipated as one of her early initiatives.

Takaichi is known for her admiration of Margaret Thatcher, discussing their meeting shortly before Thatcher’s passing in 2013. As a drummer, Takaichi’s personality may resonate with voters, though her nationalistic policies, including potential alterations to Japan’s constitution, could alienate some.

Potential Challenges

While Takaichi advocates for increased gender diversity in her cabinet, her conservative policies may alienate female voters.

She stands against same-sex marriage and the option for separate surnames for married couples, stances not widely supported by the public. Economically, Takaichi promotes ‘Abenomics’, pushing for increased spending amid rising living costs and opposing the Bank of Japan’s interest rate adjustments.


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Andrew Hastie quits Ley’s shadow cabinet, saying he was excluded from immigration policy

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Andrew Hastie quits Ley’s shadow cabinet, saying he was excluded from immigration policy role

Michelle Grattan, University of Canberra

Liberal rebel Andrew Hastie has quit the shadow cabinet, declaring he could not serve there because Sussan Ley had told him he would have no role in formulating the opposition’s immigration policy.

Hastie rang Ley with his decision early Friday. This follows his increasing public frustration, expressed via social media posts, including about immigration.

Hastie’s quitting is another blow for Ley, especially as it comes ahead of a parliamentary sitting week. It follows her recently forcing Senator Jacinta Nampijinpa Price off the front bench after Price refused to endorse Ley’s leadership.

Hastie has made it clear he has leadership ambitions but Ley is considered safe in her position for the time being. But he is making it clear that he will speak out on issues, which will add to Ley’s problem of disunity within Liberal ranks.

The tension with Hastie came to a head after Ley sent her frontbenchers letters outlining their responsibilities in detail.

Hastie said in a Friday email to supporters: “during the week, I received a letter from the Leader outlining her expectations of me as the Shadow Minister for Home Affairs.

“In the letter, she made it clear that I would not be involved in leading or developing our policy or strategy on immigration.

“In my judgement, that would make it impossible for me to comment on the topic, despite it being central to the Home Affairs portfolio.

“I could not see how I could continue as the Shadow Home Affairs Minister and remain silent on immigration policy.

“One of the things the Leader rightly emphasised was the longstanding convention of Shadow Cabinet solidarity. This rule applies to those who sit at the big table.

“In my case, our position on immigration would be binding, even though I’d have no role in policy that is central to the Home Affairs portfolio.”

Hastie said looking to the future he wanted to be able to “speak freely in the contest of ideas.”

In a statement Ley said the letters were developed with extensive consultation with shadow ministers.

She had had more than 50 one-on-one conversations with her team, including Hastie.

“These letters provide clear direction and tasking to shadow ministers beyond the conventional mirroring of government portfolios, putting the Coalition on a proactive policy path.

“They set out key performance indicators, general expectations and shared policy priorities that I have personally agreed with each Shadow Minister.

“They enable the Coalition to develop a serious and credible policy platform to take to the next election, where we will draw a clear contrast with Labor,” Ley said.

Ley said with news breaking on Friday that ISIS brides had secretly returned to Australia, this was a very important time for the Opposition to strongly scrutinise the government in the home affairs area.

The Guardian on Friday reported that two women and four children have returned to Australia from a Syrian detention camp, without assistance from the Australian government.

“It is disappointing that this crucial Opposition portfolio has been left vacant today,” Ley said.

Ley has appointed Finance Spokesman James Paterson to temporarily act in the home affairs portfolio. Paterson was previously spokesman for home affairs.The Conversation

Michelle Grattan, Professorial Fellow, University of Canberra

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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