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Economist: Australian lockdowns similar to “Communist Russia”
How do you think the Australian government has managed lockdowns?
When it comes to critics of Australian Covid-19 lockdowns, they don’t come much more fierce than Professor Gigi Foster, School of Economics at the University of New South Wales.
Foster says Australians are sick of it, and the world is laughing:
“It became clear that the politicians have overplayed their hand. And that the people of Australia are becoming increasingly restless.”
We are sick of these lockdowns particularly with the international borders still closed. We’re seeing other countries around the world open up, and in fact make fun of us for having these lockdowns on the back of small, small numbers of cases.”
Professor gigi foster
Foster went as far as comparing Australia in some ways to Russia.
“But in this case I think what’s happened is the government has played that card over and over, and has really lost the trust of many people in the society. And we’re starting to see pockets of evidence that really reminds me of the way it used to be in Communist Russia. Where the government would say well this is what we need to do, and everybody would try and work around it and give the impression they were following the rules.”
When Prime Minister Scott Morrison announced a cut to international flights by 50% – Foster says they’ve stretched it too far.
The biggest city in Australia has recorded 35 new cases of community transmission.
24 of the cases recorded in New South Wales overnight were isolating during their infectious period.
It comes as the nation’s Federal Government continues to battle state premiers and the painfully slow vaccine rollout.
Professor Foster has copped a huge amount of backlash for her strong views but says some statements have been taken out of context.
Foster believes her key message has always been the same – when it comes to people’s mental health, we’ve (Australia) failed.
“Whenever we have a policy implemented we should look at all costs, not just costs in relation to deaths or suffering in relation to one particular disease, in this case Covid. That’s always been my position. And I think that these domestic lockdowns in the face of international borders being closed is absolute madness.”
And when it comes to when Australia will return to an actual normal way of living, Foster predicted it won’t be until well into next year.
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AI stocks surge amid market shifts and spending warnings
AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.
AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.
The artificial intelligence sector continues to be a major driver of growth for both the U.S. and global economies. Companies at the forefront of AI innovation are influencing market trends and reshaping industries worldwide.
Meta’s stock has rebounded slightly following reports of potential cost-cutting measures and job reductions in its Reality Labs division. Investors are watching closely as the company adjusts its strategy to manage rising expenses and optimize innovation.
Palantir is trading at over 120 times forward sales and 180 times forward earnings, signaling investor confidence but also raising questions about valuation risks. Meanwhile, Nvidia maintains a market cap of $4.2 trillion as a leading AI chip supplier, yet competition is ramping up.
These moves highlight the growing tension between tech giants’ AI ambitions and the practical need to balance profits with heavy R&D spending.
Some analysts, however, warn that rapid growth may not be sustainable, with current levels of AI-related spending potentially overshooting realistic returns.
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#AIStocks #TechInvesting #Nvidia #Meta #Palantir #ArtificialIntelligence #StockMarket #TickerNews
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AI investments set to surge in 2026 as companies target productivity gains
Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.
Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.
Analysts predict that artificial intelligence companies could invest over $500 billion in 2026, signaling a major shift in corporate spending priorities. This surge in capital allocation comes as businesses look to harness AI to drive growth and efficiency across multiple sectors.
Following strong third-quarter earnings, overall capital spending estimates for 2026 have been revised upward. However, investors are becoming more selective, focusing on companies that can clearly demonstrate revenue benefits from their AI investments, separating hype from tangible results.
AI adoption is expected to boost economic productivity, with significant investment already flowing into AI infrastructure such as semiconductors and data centres. The coming year could redefine how companies leverage technology to gain a competitive edge.
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#AIInvestment #TechGrowth #FutureEconomy #DataCenters #Semiconductors #ArtificialIntelligence #ProductivityBoost #CapitalSpending
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Stocks, AI and the economy: What to expect in 2026
2025’s market turmoil analyzed: AI hype, tariffs, global politics, and Federal Reserve impacts—tune in for expert insights!
2025’s market turmoil analyzed: AI hype, tariffs, global politics, and Federal Reserve impacts—tune in for expert insights!
2025 has been a rollercoaster for investors, with AI hype, tariffs, and global politics shaking up markets. We break down what these trends mean for your portfolio and the risks ahead.
Joining us for insights is Kyle Rodda from Capital.com, who explains how Treasury yields, unemployment data, and inflation readings are shaping investor sentiment. We also dive into what the Federal Reserve’s recent moves could mean for 2026.
From the potential impact of a 43-day government shutdown to payroll numbers and market expectations, this episode gives you the clarity you need to navigate the next year in stocks.
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