FEAR & GREED | Business News Electricity costs to jump; PM blasts Israel; Lilo & Stitch trump Tom Cruise
May 26, 2025
Electricity prices in Australia are poised for a sharp increase, driven by necessary investments in energy infrastructure. Meanwhile, the Prime Minister criticizes Israel amidst rising humanitarian concerns. The podcast also discusses escalating meat prices due to drought and international demand. In a lighter note, Lilo & Stitch triumphs at the box office over Tom Cruise films, blending serious market insights with entertainment buzz. Tune in for an entertaining mix of politics, economics, and pop culture!
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Electricity Costs Rise Due To Renewables
- Electricity prices in Australia will rise sharply due to increased costs in transmission infrastructure and the transition to renewable energy.
- The 55% jump in overhead transmission costs is a key driver of these unavoidable elevated power bills.
PM Albanese Critiques Israel and Defends Policies
- Prime Minister Anthony Albanese criticizes Israel's blockade of Gaza and defends Australia's environmental policies amidst global tensions.
- He maintains that approving Woodside's gas project won't undermine Australia's climate goals.
Coalition Close to Reforming
- The Liberal and National parties are close to reforming their coalition, negotiating policy specifics.
- Opposition leader Susan Lee aims to temper Nationals' demands for business-friendly relations and limit disruptive threats.