With San Francisco in the background, Alcatraz Island is pictured on Monday, May 5, 2025, in San Francisco. (AP Photo/Noah Berger)
Affordable housing is in short supply, interest rates remain high and the major political parties are starkly divided on how to wean the nation off fossil fuel-generated electricity.The major parties also differ on how to deal with China, which is both Australia’s largest trading partner and its greatest strategic threat.
Here’s what to know about the main issues:Australians have endured one of the sharpest rises in the cost of living in recent history and the current government has been at the helm through the worst of it.Prices of eggs surged 11% last year and beer rose 4%, according to government figures. Average rents rose 4.8% last year after a 8.1% spike in 2023, property analyst CoreLogic said.
rose from a record low 0.1% to 0.35% two weeks before Prime Minister Anthony Albanese’s center-left Labor Party came to power in 2022’s elections.The rate has been raised a dozen times since then, peaking at 4.35% in November 2023. Annual inflation peaked that year at 7.8%.
by a quarter percentage point in February to 4.1% in an indication that the worst of the cost of living crisis had passed. The rate is widely expected to be cut again at the bank’s next board meeting on May 20 due to international economic uncertainty generated by U.S.
Inflation has put some builders out of business, exacerbating a shortage of housing, which in turn has inflated rents.song heard at the climactic end, but it’s not new; it’s from 2014.
as Thaddeus “Thunderbolt” Ross — taking the role over from from the— in his first days as U.S. president. He insists he’s changed from the days when he hunted down Hulk and was an all-around evil dude.
He approaches Sam Wilson, the new Captain America, and proposes a strategic union between the government and Captain America. “Work with me, Sam. We’ll show the world a better way forward.”This is a dangerous idea — superheroes working for the government — and Cap is warned but still agrees. “Trust me. My eyes are wide open,” he reassures Danny Ramirez as his sidekick and fledgling new Falcon. (Cap’s eyes may be open but yours may be slowly closing).