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Back into recession

Written By: - Date published: 7:15 am, October 6th, 2010 - 75 comments
Categories: Economy - Tags: , , ,

NZIER has released its quarterly survey of Business Opinion and it’s bad, bad news. The survey is a very accurate forward indicator of GDP growth. For the September quarter, it shows growth of -0.2% (vs +0.2% predicted by NZIER just a month ago). That doesn’t include the impact of the Christchurch earthquake – that’s predicted to knock 0.5% off December quarter growth, which NZIER was already forecasting to be -0.2%.

Economists BERL are warning of a double-dip recession. I would say it’s past the point of warning. the ship has hit the iceberg, we’re just waiting for the damage assessment teams to come back and tell us exactly how bad it is.

It’s interesting to note the confusion in economic circles over just why the recovery here and abroad has been so weak, and why another recession is already looming. Usually, after recessions the bounce-back is nearly as fast as the fall. Not this time. Why not?

I just keep looking at the oil price. Over $80 a barrel again. Doubled in two years. Near the crucial $100 a barrel mark that causes recessions. That’s the stuff the world economy runs on, yet the effect of its price is virtually ignored by mainstream economists. No wonder they can’t work out what the problem is when their economic ideology ignores the importance of energy and assumes that there will always be plenty of resources or substitutes to fuel growth.

For the Government, this should be the final clue that you can’t just govern by smiling and waving. The economy needs leadership. We need a government focused on building a green economy now.

While we’re at it, let’s look at how Treasury has done with its GDP forecasts. Remember, the Budget came out in late May, most of the way through the second quarter of the year.

Treasury prediction Actual result/new forecast
Q1 0.80% 0.50%
Q2 0.80% 0.20%
Q3 1.60% -0.2% (NZIER)
Q4 -0.10% -0.2% (NZIER, not counting quake impact)

Considering how wildly over-optimistic Treasury’s forecasts have been so far this year and that they predicted negative growth in the December quarter, I wouldn’t be surprised if we’re actually attacked by hyper-intelligent shark people.

Already, the economy is 0.9% smaller than they were predicting just four months ago and it’s likely to end the year as much as 3.1% smaller than they thought it would be. This has serious implications. Treasury’s growth predictions underpin their fiscal projections. The economy’s going to be a hell of a lot smaller than they thought and companies are going to be less profitable – that means lower tax revenue and higher benefit costs, which equals higher debt.

Once again, you’ve got to ask yourself if borrowing a billion dollars to fund tax cuts for the rich was really the smartest decision the Key government could have made.

PS. I wonder if John Key, economic wizz-kid, still believes that we’re “coming out of the recession strongly”?

75 comments on “Back into recession”

  1. Cnr Joe 1

    economic whizz kid?
    money trader i thought. smiling assassin, i heard, but economic whizz? gee
    I haven\’t given the key enough credit..

    • Marty G 1.1

      I should have used ‘irony’ marks :)

      • Zorr 1.1.1

        There was an article on Stuff yesterday (don’t have the time to dig through and find it now) with John Key specifically addressing these forecast figures and basically trying to hold back the tide by the power of will alone (and some snazzy PR)

        • Marty G 1.1.1.1

          thanks Zorr. Here’s the article: http://www.stuff.co.nz/business/industries/4198050/NZIER-confirms-double-dip-recession-fears

          god, he predicts that the economy will surge in summer.

          “My sense is we are making progress and I think there is very little chance of a double dip global recession which will help New Zealand,” Mr Key said.

          “I don’t think we should argue we are in a recession yet, we’ve had five quarters in a row of growth. But it has always going to be a fragile international environment.”

          The economic environment had been tough with the past winter.

          “My sense is that they are feeling a bit better now that summer has come, economic activity is starting to pick up.”

          Even Treasury’s Budget numbers have the December Quarter negative (-0.1%) and the NZIER September Quarterly predictions have it at -0.2% – both of those before the impact of the quake.

          .. and summer hasn’t come yet. you can’t take a word he says at face value. I guess in Hawaii it seems like summer every day :)

          • ghostwhowalksnz 1.1.1.1.1

            Funny how while hes out of the country he makes it seem like hes in NZ.

          • Bored 1.1.1.1.2

            Marty, how I love the figures of prediction ersus reality…I think we need to ask for a refund of all the treasury economists wages immediately, followed by firing for non performance. It all backs up what I say a lot, we would be better off with chicken entrail readers, tarot card readers and tea leaf inspectors. More accurate and would cost us less.

            Interestingly, as a child I listened to the vicar and his sermons before I discounted it all as a good construct based on foundations of sand. And that is precisely the problem with our current High Priests, the economists. They propose a faith based upon their perceptions of reality, which of course are viewed only to suit their constructs, so naturally they will always be wrong. Sad individuals that they can commit their whole being and lifes work to unreality.

        • ghostwhowalksnz 1.1.1.2

          Is this it
          http://www.stuff.co.nz/business/industries/4198050/Recession-not-returning-Key

          But of course he needs to lie while doing it.

          The tax cuts on October 1 had put $4 billion into the economy which was a big stimulus.

          But of course the GST increase has taken even more out. But since when did Key know anything about finance

      • roger nome 1.1.2

        Yeah – currency trading is the bum job at Merryl Lynch. Now raising capital for vulture aquisition and restructuring – that’s where the bright people go in that organisation.

  2. Pascal's bookie 2

    The economy’s going to be a hell of a lot smaller than they thought and companies are going to be less profitable – that means lower tax revenue and higher benefit costs, which equals higher debt.

    Also, that ‘revenue neutral’ tax package is about to have it’s assumptions tested, hard. I wouldn’t have the first clue as to how to go about compiling it, but will there be an official stat somewhere about the effects of the tax changes on the deficit in the budget?

  3. BLiP 3

    Treasury prediction Actual result/new forecast

    Q1 0.80% 0.50%
    Q2 0.80% 0.20%
    Q3 1.60% -0.2% (NZIER)
    Q4 -0.10% -0.2% (NZIER, not counting quake impact)

    The differences between the actual numbers is one thing, but consider the percentage difference between the estimated and actual. Although small fry in comparison and certainly not as complex, if I got my estimates that wrong, I’d be looking for a new job. Not so if you’re an economist, eh?

    • Draco T Bastard 3.1

      From what I’ve seen, economists get paid extra for being wrong. They haven’t been right in the last 30+ years and yet they’re still employed and they’ve been getting higher than inflation wage increases. The most successful (read “richer”) work for right-wing think tanks. Apparently, telling people what the capitalists want is good for your pocket book.

  4. Choice..my rent just went up 30 bucks. Taxcut wipeout in one fell swoop

    I sure do feel no worse off….NOT !!!

    …can’t wait til summer

  5. burt 5

    Should have killed off WFF and introduced work for dole afterall. Still the lefties will be all excited as their constant voting for govt that always ends in recession shows they clearly like it when the people are poor and dependent on the state.

    • Pascal's bookie 5.1

      Because obviously what the govt needs to do is reduce all that excess demand in the economy.

    • Blighty 5.2

      yeah that’s why the number of beneficiaries went down by 120,000 under labour and the nation’s wage packet increased by 30%

    • roger nome 5.3

      Burt – when are you going to learn? Determination is no replacement for intelligence, wisdom and knowledge. You should just accept that you’re not cut out for this blogging caper. Why not focus on growing your business instead? In that area determination counts for much more than the other things i list.

    • Vicky32 5.4

      “and introduced work for dole afteral”
      And how is that supposed to have helped?
      Deb

  6. Craig Glen Eden 6

    Burt slight problem the left are not in power. Your man Key is the Prime Minister remember, I didn’t vote for this conservative approach to managing the economy.

    Most people on this sight have been saying this Government are not doing enough and if they don’t do something soon we could end up in recession again.I guess they where right.

    Is punishing the people who are already the less well off the only mantra that you can come up with? For Pete sack man your comment is irrelevant as a smile and wave PM.

    • Rob 6.1

      Still fixated on stimulus, you think you can get out of this mess by just dumping money all over the place. Imagine if the Govt had done it when you guys were demanding; we would be in a much worse state. The US is a shambles; the $750B they poured in has done nothing. I think you guys need to open your eyes and realise that dumb blind political ideology is not going to have any impact on this situation.

      Obama came on the promise of funding “shovel ready” projects. None of this happened, unemployment is over 10%, people are still leaving their homes, and manufacturing is perilous. Why don’t you front and explain exactly how you want to see how our country can recover from this mess.

      • Pascal's bookie 6.1.1

        The US is a shambles; the $750B they poured in has done nothing.

        http://cboblog.cbo.gov/?p=967

        That’s on the effect of the stimulus bill, from the Congressional Budget Office. So why aren’t things better?

        http://yglesias.thinkprogress.org/2010/06/the-no-stimulus-economy/

        Net stimulus has been near nil once you take state level government contraction into account.

        Explain how the economy would be faring better absent federal stimulus.

        • KJT 6.1.1.1

          What would have happened if the stimulus had been to real spending instead of too the banks so they could waste it?

          • Rob 6.1.1.1.1

            It wasn’t to banks, it was presented as subsidies on a range of manufactured items, in effect they discounted prices on locally produced consumer items. The aim was to stimulate the economy.

            • KJT 6.1.1.1.1.1

              Are you saying most of the money the US Government put into the economy was not put into the finance sector?

            • Pascal's bookie 6.1.1.1.1.2

              It wasn’t to banks, it was presented as subsidies on a range of manufactured items, in effect they discounted prices on locally produced consumer items. The aim was to stimulate the economy.

              I’m not really sure what you mean by this, but the stimpak was multifaceted, a large chunk of it was in the form of tax cuts, there was also funding made available to states for infrastructure spending and payroll subsidies, research funding, all sorts of things.

              • Colonial Viper

                Well tax cuts are great if you still have a job. Roughly 20% of Americans are either unemployed or underemployed right now. 30% in some States.

                And even if you still have a job you might decide to spend your tax cuts simply by paying your credit card debt off – guess what, that stimulus aint going nowhere near the corner shops, its going straight back to the banks.

                As for State spending, Congress did not agree to get recently needed money to support State budgets. Result: lots of laid off teachers, policemen, municipal workers. Congress also failed to extend expiring unemployment benefits. Result: even less money flowing into local shops and businesses, and a sharp increase in foreclosures (dragging asset prices down further)/poverty.

                Also, best not to mix the US stimulus package with the US TARP (Troubled Asset Relief Program). The latter was the ‘Wall St bail out’ that everyone talks about.

                • Pascal's bookie

                  Don’t disagree with any of that, I’ve said all along that the package was poorly constructed and probably too small. That’s different from saying it had no effect and was therefore a bad idea though, which is what I was responding to…

        • Rob 6.1.1.2

          “Explain how the economy would be faring better absent federal stimulus.”

          Who would know, I am not a futurist, however I was there last week on business for 10 days across Ohio, PA and CO. When you talk to people and see levels of activity you get a sharp realisation that the spend hasn’t worked and they are now left with having to pay for it. This has really resulted in few options left to get things going. Auto is very sad, new home building is down below 1M PA, and the value of current housing stock is through the floor. Do you honestly think that the people of the US are looking at the stimulous as being successful.

          • Pascal's bookie 6.1.1.2.1

            No one disputes that the US is in a hole. You however said that stimulus is a dead end and that the US package did nothing. I simply pointed out that, in fact, there has been very little if any stimulus in the US economy because the federal package just made up for the retrenchment by state level governments. I also pointed to CBO estimates that the federal package did have quite sizable effects. ie that without the stimpak they would be even worse off.

            If you don’t have any evidence that they would not be worse off without the simpak, then you don’t have any evidence that it did nothing.

            If your only argument is that the people of America think it didn’t work, then you haven’t got much of an argument.

  7. ianmac 7

    Funny that Treasury seems unable to predict given the tripling of their staff/consultants? Perhaps that should be crippling by tripling?

  8. KJT 8

    Time to reassess how the economy works.

    Past time for us to have control over our own economy.

    North Dakota, One of the best places to live in the States right now, Has democratic control of local banking.

    • Bored 8.1

      Interesting concept KJT, the real issue I believe in todays economy is the total disconnect between money and transactions…..I posted yesterday on Open Mike about the level of debt (extended by credit or paper manipulation of derivatives etc) worldwide that was not backed by money supply. Going local can only actually reflect transactions based upon real goods and services changing hands. The biggest single benefit of this is that bankers dont get into the act in order to do fractional acts or ticket clipping.

    • Draco T Bastard 8.2

      We definitely need to reign in banking. There’s no way that the GFC would have happened if the banks couldn’t print money with little or no limits. The ability to create money must be government only. Leaving it to the private sector invariably results in economic collapse and mass bailouts by the government of “too big to fail” private companies. Great for the rich, who get rewarded for breaking the economy, not so great for everyone else.

      • KJT 8.2.1

        Money is eventually a token of work/energy. The derivatives and finance markets have managed to expand the money supply and velocity way beyound the amount of production that is possible for a long time in the future. Without a realignment their will be a lot of pain.
        We are expected to pay for this expansion by working for less so the money supply boosted by the finance sector is sustainable. Austerity by workers so that the finance sector can keep the wealth.
        The best thing that could happen is all countries refuse to pay the debt and go back to trade with money simply as a token of exchange rather than a commodity in itself.

      • Colonial Viper 8.2.2

        Limit financial sector profits to <5% of GDP.

        That's a fair margin to make on providing basic necessary transactional and credit services to the economy.

        • burt 8.2.2.1

          And make a few very privileged operators filthy rich. Oh no that’s offensive to the ideology that decided it should 5% so lets make consumer finance a state monopoly situation and fund it from income earners to stop the race to the bottom supporting loan sharks and the like. Bloody socialists, can’t help yourself playing god with the economy can you.

          • Billy Fish 8.2.2.1.1

            Burt I am fed up with you spouting your Politically Correct drivel. It’s lefties like you that are ruining this country.
            Political Correctness gone mad!

        • Draco T Bastard 8.2.2.2

          The financial sector profits for the last few decades has been due to speculation fuelled by the fractional reserve banking system (Banks can effectively print unlimited amounts of money). Stop that and you stop speculation. The financial sector will, most likely, then drop back down into the minimal (Near zero) amount of profit that it should be getting.

          • burt 8.2.2.2.1

            And the recent collapse was also influenced by the failure of the giant state US lenders Fanny-May’s and Freddy-Mac’s. Driven by political pressure to better social indicators these institutions were driven to enabled to lend to sub prime borrowers by loosening lending requirements to improve low income home ownership rates. Speculative lending by the state results in corp bailouts, who would have figured intervention would hit the tax payer twice.

  9. john 9

    Oil is Black Gold: the fuel we obtain from it is vital for all modern economies. Oil price spikes are historically correlated with recessions. Let’s say NZ uses 250,000 barrels a day, the doubling of price to $80 means we are paying out to overseas suppliers an extra $10,000,000 a day or $3,650,000,000 a year is going out of the economy.That’s equivalent to a Canterbury Earthquake of extra cash going out of our economy : This must obviously have a depressing effect, meaning we have less money as a society to play with. Also the fuel price of exporting our produce goes up increasing sale price and coupled with depressed economies overseas due to higher fuel costs can lead to reduced demand for our products.
    Higher operating fuel costs certainly does make countries poorer. If we are getting poorer and likely to further as Oil Prices continue upwards which they will as we are past peak then borrowing money overseas at interest rates in anticipation of a recovery which will never happen is living beyond our means and channeling that money to the already well off is irresponsible “Let’s keep the Party going at all costs” and at the expense of poorer NZers as well with the regressive GST increase as well.
    I think we should be battening down the hatches for the continuing economic storm which has a long time to go yet(And with Peak Oil may not ever end but just get worse and worse) and affirming “We are all in this together” meaning we should be financially assisting poorer kiwis rather than throwing money away to rich kiwis who will take more foreign holidays exporting more and more of our hard earned wealth,not to mention consuming foreign manufactured goods such as expensive cars.

    • john 9.1

      The UK’s Oil Fiesta has come to an end. In the next 30 years they will be dismantling some 260 platforms in the North Sea which are non producers. Now the Party’s over they are in deep economic trouble. They have to import increasing amounts meaning their wealth is bleeding out to overseas suppliers.

      http://www.bbc.co.uk/news/uk-scotland-11472352

      • john 9.1.1

        Like here. The UK Government are making the poorer people pay with austerity measures while bailing out their paper finance sector and not touching the rich at all! The UK since Thatcher has embraced the Winners and Losers American style society:If you are a loser you deserve to lose some more that’s what losers do! They don’t go for the social cohesion we are all in this together model.

        • Bored 9.1.1.1

          Interesting thing here John, for stating the issues as they really are as opposed to the miasmic construct of popular wisdom you will I predict get slagged off, by both sides (left and right). What you have pointed out is the collective failure of the current materialist construct of reality, which encompasses the same basic system of wealth creation and finance regardless of who is running it (left or right). It is time to reassess the entire living arrangements.

    • Bored 9.2

      You are spot of john, you might have mentioned the asset values in our economy will crash as the real price of energy becomes apparent (based upon scarce money and scarce oil). The lack of real hard currency to back up the debts incurred by derivatives (in our case mortgages taken out against future asset value) will crash as energy costs take the money away from people who need to also pay interst on debt. Mass foreclosure territory.

      The nouveau riche and bloated middle classes who have had their holidays and new 4WDs on the tick via credit paid for by increasing asset values (such as the second house paid for by rent) will soon find that they become very proletarian as the receivers and repossession agents take the place of credit advancers. The future scenario is that both credit and cash will be too scarce for the sale of assets such as real estate at todays rates so asset prices will crash, expect to see a lot of negative equity.

      I suppose the above is where the rubber (of energy decline) hits the road (of the credit bubble and consequent debt obligations).

    • Draco T Bastard 9.3

      Prediction: Things Will Unravel Faster Than You Think

      We happen to live in a non-linear world; a core concept of the Crash Course. But far too many people expect events to unfold in a more or less orderly manner, with plenty of time to adjust along the way. In other words, linearly. The world does not always cooperate, and my concern rests on the observation that we still face the convergence of multiple trends, each of which alone has the power to permanently transform our economic landscape and standards of living.

      Three such trends (out of the many I track) that will shape our immediate future are:

      * Peak Oil
      * Sovereign insolvency
      * Currency debasement

      Individually, these worry me quite a bit; collectively, they have my full attention.

      Need to subscribe to read Part II but Part I lays out the data.

      The simple reality is that the extended boom of the last 150 years was due solely to oil and we’ve now hit the limits of oil supply. It won’t get any better from here on out but it can, and most likely will, get a lot worse. We need to stop borrowing from overseas lenders now. We also need to get all our businesses and land back into NZ ownership. If we don’t then we will be even worse off.

      • Bored 9.3.1

        tTherin lies the issue, we have squandered the time and resources we need to transition smoothly, we now are hitting the speed bumps faster than the suspension can cope, its going to happen in short sharp jolts, faster and faster until we think they are the norm.

  10. terence 10

    Marty,

    I wouldn’t race to blame oil prices just yet. After all it wasn’t oil prices that caused the great recession nor Japan’s lost decade. Paul Krugman has a pretty convincing argument, I think, that we (meaning the developed world although obviously not NZ) are used to relatively quick recoveries from recessions because many of the recessions that form our frame of reference were the products of central banks trying to squeeze inflation out of the economy. Once the inflation abated, interest rates were eased and the economy took off again. On the other hand, recessions in the wake of financial crises and the bursting of bubbles, are much more likely to linger in the absence of concerted attempts to stimulate the economy.

    None of which is to say that we shouldn’t be trying to wean off oil, of course.

    • Bored 10.1

      terence, the credit expansion was based upon an economy that could reach for the sky and prop up a bubble with real growth based upon cheap and (key point) available energy in the form of mainly oil. This made growth in production and consumption possible.

      Todays scenario is that oil supply and oil demand are diverging, we cannot as we did in 2005 pump enough oil to match demand, we now have falling supply and flat demand. Consequently any growth in production will have to cope with both more expensive energy and less of it…a scenario which will make real growth impossible, and real decline the norm. So no growth, lower consumption, deflationary times, depressed economy. In short we have not got the energy to prime the pumps.

    • Bright Red 10.2

      looks to me like the 2004-2008 oil spike caused the great recession.

      What do you think triggered the sub-prime crisis?

      • Bored 10.2.1

        Credit (promisary notes based upon repayment sometime in the future) being leveraged to create more credit being leveraged to create more credit. meanwhile the expectation is that prices will go up continuously which encourages more “investors” to take advantage of credit.Its a Ponzi scheme, eventually it must burst as the numbers able to enter the market peaks and the ability to pay enough “interest” to further extend credit dries up. Next thing, prices drop, people panic and sell low, prices drop even further, nobody buys…eeeeeeaaakkkkk!!!!!!! Thats the South Sea Bubble, Tulip Mania, Louisiana Scheme, Great Depression etc etc, theres a whole pile of bubbles gone by.

        • Bright Red 10.2.1.1

          but what was the pin that burst the bubble?

          You’ve got all these subprime mortgages being used to buy mcmansions in exurbs – dormitory communities located hours away from their main city. The people living there are dependent on car travel for everything and a lot of it – drive for hours to and from work, drive to get food, drive to go anywhere.

          These people already can’t really afford their mortgages – they’re relying on capital gain. Then the rising oil price eats into their ability to pay their bills. they can’t reduce their oil dependency, some default. housee prices start to fall, they go underwater and realise that there’s no capital gains coming. more defaults.

          investors put their money in oil because it’s rising and everything else is teetering. more sub-prime mortgage holders go under – bang, subprime crisis, soon global financial crisis.

          • Bored 10.2.1.1.1

            The pin is when enough people default on mortgages in a single institution and they report trouble (i.e bankruptcy, cash flow issues, etc). The stock market or similar notices, it happens to a few too many banks etc and panic ensues. If I remember rightly in the latest case it may have been Fanny Mae and Freddie asking to be bailed out of obligations…cant remember the details.

          • Colonial Viper 10.2.1.1.2

            but what was the pin that burst the bubble?

            Really simple. When the asset bubble was at its maximum height, and one buyer looking at a way overvalued house said “thanks but no thanks” instead of “whatever debt I need to get into to buy this I will”.

            At that point, house prices started collapsing, highly leveraged derivative positions based on that asset bubble became over leveraged, losses accumulated at an astounding rate and voila!

            Bubble burst.

      • Rharn 10.2.2

        Too much credit. Sooner or later someone is going to ask for their ‘payback.’ Oil plays a part but the reality is if you keep printing money it eventually becomes near worthless

    • terence 10.3

      By the way, Paul Krugman and Robin Wells have a series of two great articles in the NYROB explaining the competing explanations for the bubble and it’s burst, and discussing what to do:

      http://www.nybooks.com/articles/archives/2010/sep/30/slump-goes-why/
      http://www.nybooks.com/articles/archives/2010/oct/14/way-out-slump/

      and Bored, if global oil prices oil were the issue, why are some countries recovering from the GFC so much better than others?

  11. randal 11

    maybe it is the insatiable greed of humnaity being given an enforced holiday.
    a suspension if you will.
    if peak oil is real and I believe it is so then it is going to take some more time before it bites.
    since world war one all recessions have been engineered by monetary authorities and it would be foolish to think otherwise.
    at the moment it is just paying for everything we bought on credit.
    when peak oil bites then the shite is really going to hit the fan and who knows what the outcome of that will be ?

  12. alloverrover 12

    excellent to see some discussion joining the dots between a diminishing supply of oil and the failing economy. 4 of the last 5 recessions have been due to oil shocks. Jeff Rubin former chief economist for CIBC World Markets argues persuasively that the 2008 recession was caused by peak oil not sub prime mortgages … http://www.jeffrubinssmallerworld.com/

    Meanwhile here in godzone we live in this complacent bubble thinking we are some how immune to the next oil shock. Even when two Canterbury University academics report on the impact of fuel restraint (peak oil) on New Zealand’s economy, http://oilshockhorrorprobe.blogspot.com/2010/09/peak-oil-could-halve-nzs-economy-says.html

    and project that our economy will be halved in 20 years we ignore it in the mainstream media .

    Their alarming conclusion is that with just 10% less fuel available, New Zealand’s economy would shrink by around $115 billion in just five years. If a 10% fuel restraint continued for 20 years, New Zealand economy would shrink by $412 billion compared to a business as usual scenario. Even if there modeling is out by a factor of 10 we are still in deep do doos

    there is plenty of evidence that a peak oil, and the coming oil shock will (is already ?) taking us back into recession and we have seen the end of growth . More here ..
    http://oilshockhorrorprobe.blogspot.com/p/reportsresources.html

    • Bored 12.1

      Great links thanks alloverrover. On a less pessimistic note NZ has the capacity to grow grass based protein and other crops that currently have huge energy related costs inherant for fuel, fertilisers etc. We also have a huge body of practical and scientific knowledge in the above agriculture. We can actually produce at a far lesser impact and cost what we do today on farms, simply by going to a semi “organic” methodology, i.e how we farmed before agribusiness and wonder fertilisers.

      As agribusiness worldwide collapses, and demand for food increases NZ will (if we change how we do things) again have the huge competitive advantage that made us comparatively wealthy before the 70s. Its not all down side, we have to treat it as an opportunity.

      • KJT 12.1.1

        It is not all down side. New Zealand has reserves of renewable energy and food production capacity that would make many countries envious. We have to retain ownership though.

        • alloverrover 12.1.1.1

          yes we are lucky to have renewable energy. While that may heat or light your house it’s not going to power your car or any of the other transport options that rely on oil. Peak oil is mostly about liquid fuels for transport, and 95% of NZ’s transport fleet uses liquid fuels.

          Electric cars I hear you say ? … “Even if we were to build 50,000,000 electric cars per year starting right now, it would be ten years before half the cars in the world had been replaced. And this does not even factor in the implied massive upgrades to the electrical grid and power stations, or the lithium needed for car batteries”. see Chris Martenson’s excellent blog on “Peak Oil = Peak Economy …. http://www.chrismartenson.com/blog/peak-oil-peak-economy/45229

          we don’t have ten years.. the consensus is that we have 2 -5 years before the next – possibly permanent – oil crunch occurs. Not convinced ? check out the reports from credible sources here – http://oilshockhorrorprobe.blogspot.com/p/reportsresources.html

    • Draco T Bastard 12.2

      and project that our economy will be halved in 20 years we ignore it in the mainstream media.

      No it doesn’t. It shows a decline from present activity, yes (from ~$500b to ~$430b), but it most notably shows that it won’t grow as expected under the business as usual scenario. i.e. it won’t double in size over the next 20 years.

      • KJT 12.2.1

        The economy as we know it has to shrink as the present consumption is unsustainable. However with renewable energy and a more equitable distribution of NZ resources it does not mean that quality of life for individuals needs to drop overall.

        For example: If we go back to whiteware engineered for a 25 year life then we do not need to earn the cost of a new fridge every 5 years. If power is coming from tidal or hydro generation for all our energy we do not have to pay 7000 million dollars per year for fossil fuels as we do at present.

  13. M 13

    If you want to scare the crap outta yourself subscribe to Collapsenet for a month with Mike Ruppert.

    If his straight talking can’t convince you we’re about to dive off the cliff, nothing will.

    http://www.collapsenet.com/

    • Bill 13.1

      Mike Ruppert is not a well man.

      There is a documentary called ‘Collapse’ that was initially meant to be an interview with Ruppert on police corruption and drugs (from memory) but that became an hour and a half study of his psychological unravelling. It’s a shame. Because a lot of what he says is basically correct. But then, a lot of what he says is just plain wrong too.

      The main problem appears to be that he is driven by fairly obvious/identifiable levels of delusion.

      Find the film. Download it or whatever and watch it.

      • I think the movie Blind Spot is the best at explaining why most people just can not or will not accept what is happening specifically with regards to peak oil.
        I am happy to supply a copy to anyone, just email me with – DVD Standard – in the subject line .
        robert at oilcrash dot com

  14. So I guess Kiwi Saver will be a dead duck )
    The ‘I told you so’s’ are coming thick and fast these days
    Robert
    http://www.oilcrash.com

  15. Fisiani 15

    If there is a double dip recession then the kneecapping of the economy committed by the scorched earth policy of Labour in 2008 was truly economic treason.

    • Armchair Critic 15.1

      Is this the same scorched earth policy that left NZ with a lot less debt than there would otherwise have been if National had got in back in 2005 and borrowed to fund their taxcuts? Or is that sentence too complex for you to comprehend?
      Would it be simpler if I found a quote from Bill English saying Labour left NZ in a good position to weather the GFC?

    • Colonial Viper 15.2

      National know how to game the economy and siphon off riches, but they really don’t know how to run anything productively much bigger than a corner store.

  16. john 16

    Short video report showing European workers are protesting in the streets against cuts to their living standards,why should they the wealth producers having to accept austerity cuts: they think the rich should pay. They don’t buy the NeoLiberal garbage,that the rich should pay less and less tax never more. This contrasted to the wimpish American reaction who are too scared to protest due to their police state and you can get locked up for next to nothing-US is a fascist state.Has this historical action been reported here? Just briefly,”News is entertainment” says Bill Ralston
    http://www.zcommunications.org/european-workers-distance-from-us-through-action-by-richard-d-wolff

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    Labour | 12-11
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    Greens | 12-11
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    Labour | 12-11
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    Labour | 11-11
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    Labour | 11-11
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    Labour | 11-11
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    Labour | 11-11
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    Labour | 11-11
  • Pulling West Coast flights a savage blow
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    Labour | 11-11
  • Air NZ cuts economic lifelines to neglected regions
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    Labour | 11-11
  • Christchurch on the rent rack
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    Labour | 11-11
  • Past time to act on warnings about palliative care
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    Labour | 10-11
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    Labour | 10-11
  • Family safety paramount, then urgent review
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    Labour | 09-11
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    Labour | 09-11
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    Labour | 06-11
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    Labour | 06-11
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    Greens | 06-11
  • Kevin Hague speaks on the Gambling Amendment Bill (No 3)
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    Greens | 06-11
  • Kevin Hague speaks on the Health (Protection) Amendment Bill
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    Greens | 06-11
  • Joyce backs away from yet another target
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    Labour | 06-11
  • Pacific peoples incomes and jobs falling under National
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    Labour | 06-11
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    Labour | 06-11
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    Greens | 06-11
  • Has John Key done all he could for Pike families?
    It will be forever on the conscience of John Key whether he did all he could to recover the remains of the 29 miners who died in Pike River, Labour’s MP for West Coast-Tasman Damien O’Connor says.  “The Prime Minister...
    Labour | 05-11
  • National further dashes hopes of new parents
    The National Government has once again shown its disdain for working parents by voting down proposals to extend paid parental leave, Labour MP Sue Moroney says.  “The Government vetoed an amended proposal that substantially reduced the cost of extending PPL...
    Labour | 05-11
  • The Ebola crisis, capitalism and the Cuban medical revolution
    “Ebola emerged nearly 40 years ago. Why are clinicians still empty-handed, with no vaccines and no cure? Because Ebola has been, historically, geographically confined to poor African nations. The R&D incentive is virtually non-existent. A profit-driven industry does not invest...
    The Daily Blog | 21-11
  • MEDIA WATCH: TVNZ Reveals Insane Deadlines For Māori and Pacific Island Pr...
    Last Tuesday, November 18th, TVNZ requested proposals from producers for the four Māori and Pacific Island programmes they will no longer be making in-house. Marae, Waka Huia, Fresh and Tagata Pasifika will keep their existing names, existing formats and existing...
    The Daily Blog | 21-11
  • The Daily Blog Breakfast Club Ep. 1
    TDB Video, Live from Verona Cafe on K-Rd, Auckland – a weekly current affairs show with TDB Editor Martyn Bradbury. This week’s panel: Chris Trotter & Selwyn Manning.The issues: 1 – What now for the New Labour leader? 2 –...
    The Daily Blog | 21-11
  • Performance-demonstration at Auckland’s High Court to demand justice for ...
    People outraged at the lack of justice in the so-called ‘Roast Busters’ case and 99% of other rape cases in this country are holding a visually powerful mass action at the Auckland High Court at 1 o’clock on Saturday. They...
    The Daily Blog | 21-11
  • IES vote may weaken defense of public education
    PPTA announced today that secondary teachers have voted to include the IES (Investing in Education Success) as a variation to their collective employment agreement with the government. At one level it’s an understandable decision by PPTA members because through engaging in a consultation...
    The Daily Blog | 21-11
  • NZ History lesson on Planet Key – the lies white people tell themselves
    John Key’s bizarre claims about our ‘peaceful history’ comes across like the apartheid history of South Africa where white people discovered Africa first… New Zealand ‘settled peacefully’ – PM New Zealand was “settled peacefully” by the British, the prime minister...
    The Daily Blog | 20-11
  • Universal Basic Income and Labour Policy
    On Radio New Zealand’s None-to-Noon on Wednesday (19 November), new Labour leader Andrew Little intimated that he would like to put Universal Basic Income (UBI) on his policy agenda (What policy changes will Andrew Little usher in?) Predictably Kathryn Ryan, despite being...
    The Daily Blog | 20-11
  • The New Notes : They Ain’t Mint
    Hulk Queen Angry. Hulk Queen smash.   Yesterday, the Reserve Bank announced its new designs for our banknotes. Now, I’ve historically been pretty sketch about this entire process; variously feeling affronted that the government could find eighty million dollars to fund a...
    The Daily Blog | 20-11
  • MSM under-mining of new Labour Leader already begun?
    . . It did not take long. In fact, on the same day that Andrew Little won the Labour leadership*, the first media reporter was already asking if he would be stepping down  if Labour failed to lift in the...
    The Daily Blog | 20-11
  • GUEST BLOG: Simon Buckingham – invisible disability voices
    Today I am ranting. The Disability Advisory Group has been announced by Auckland Council. This is the body that represents the interests and views of people with disabilities in Auckland. Whilst I would not have applied this time as I...
    The Daily Blog | 20-11
  • Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today, Andrew Little
    Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today, Andrew Little...
    The Daily Blog | 20-11
  • Why labelling Little as a ‘Unionist’ is a joke and how he beats Key in ...
    The line being used to attack Andrew Little as a ‘Unionist’ is just an absurd joke, and it comes from people who clearly don’t understand the modern NZ Union movement. Andrew ran the EPM Bloody U, they are easily one...
    The Daily Blog | 19-11
  • 5AA Australia – Labour’s New Leader + China’s President In New Zealan...
    Recorded on 20/11/14 – Captured Live on Ustream.tv. 5AA’s Peter Godfrey and Selwyn Manning.ISSUE ONE: The New Zealand Labour Party has elected its new leader, the vote going to a third round after no clear outright winner was found in...
    The Daily Blog | 19-11
  • Did Roger Sutton think he was running the Rock Radio Station?
    Visible G-String Fridays? Full body hugs? Jokes about who you would and wouldn’t have sex with? Honey? Sweety? It’s like Roger thought he was running the Rock Radio Station, not a Government Public Service department set up to rebuild a...
    The Daily Blog | 19-11
  • US Politics
      US Politics...
    The Daily Blog | 19-11
  • Amnesty International – The conversation that needs to be had with China
    Caption: Police officer watching Hong Kong pro-democracy march, 01 July 2014 © Amnesty International    Yesterday’s edition of The New Zealand Herald features an open letter to all New Zealander’s from Xi Jinping, President of the People’s Republic of China. Along...
    The Daily Blog | 19-11
  • GUEST BLOG: Patrick O’Dea – “Liar”
    LIAR! ‘Privatised social housing to benefit tenants’ English “Housing Corp was a poor performer and about a third of its housing stock was the wrong size, in poor condition and in the wrong place. That stock was worth about $5...
    The Daily Blog | 19-11
  • Too Close For Comfort: Reflections on Andrew Little’s narrow victory over...
    THE TRAGIC SCREENSHOT of “Gracinda” in defeat bears eloquent testimony to the bitter disappointment of the Grant Robertson-led faction of the Labour Party. And, yes, ‘Party’ is the right word. The Robertson machine has now extended its influence well beyond...
    The Daily Blog | 19-11
  • How to defeat child poverty
      How to defeat child poverty...
    The Daily Blog | 18-11
  • Little’s Shadow Cabinet
    Now the horror of trying to pacify the factions begins. The only thing Little’s new shadow cabinet must do is create the pretence of unity. The reason voters didn’t flock to Labour wasn’t the bloody CGT or Superannuation, it was...
    The Daily Blog | 18-11
  • A pilgrimage with my sister – Rethink the System
    We’ve both wanted to do a pilgrimage for many years. But, unlike many modern pilgrims, we wanted to be pilgirms in our own country and get closer to our communities, rather than seek greater distance from them. We are both...
    The Daily Blog | 18-11
  • Lack of policy ambition is Andrew Little’s main problem
    I’ve met Andrew Little a few times and he’s a pleasant man who will make a reasonable job leading what the Labour Party has become in recent decades. He will preside over a much less divided caucus and will be...
    The Daily Blog | 18-11
  • Journos, film makers, media freedom advocates join Asia-Pacific political j...
    A candlelight vigil for the 58 victims of the 2009 Maguindanao massacre – 32 of them media people. Still no justice for them today. Renowned investigative journalists, film makers, academics and media freedom campaigners from across the Asia-Pacific region will...
    The Daily Blog | 18-11
  • And the new Labour Leader is ZZZZZZZZZZ
    The victory lap by Caucus over the members choice of Cunliffe has ended and the new leader of the Labour Party is Andrew Little. Yawn. The dullness and caution of the latest Leadership race will be served well by Andrew,...
    The Daily Blog | 18-11
  • Allow the Facts to Get in the Way of the Neolib Stories
    One of the weaknesses of the political left in New Zealand over the last 30 years has been to allow the neoliberal storytellers to get away with lots of fibs and half-fibs. On TVNZ’s Q+A on 16 November, in a...
    The Daily Blog | 17-11
  • Defending The Boomers: A Response to Chloe King
    THE BABY-BOOM GENERATION (49-68 year-olds) currently numbers just under a quarter of New Zealand’s population. Even so, there is a pervasive notion that the generation of New Zealanders born between the end of World War II and the mid-1960s exercises...
    The Daily Blog | 17-11
  • This weeks Waatea news column – Waitangi Tribunal ruling enshrines Treaty...
      This weeks Waatea news column – Waitangi Tribunal ruling enshrines Treaty as a living document...
    The Daily Blog | 16-11
  • Key now says SAS will be needed to protect ‘trainers’ behind the wire
    Well, well, well. What do we have here? Government could send SAS to Iraq New Zealand’s elite Special Air Service (SAS) could be deployed to Iraq to protect Kiwi troops sent to train local forces. Prime Minister John Key confirmed...
    The Daily Blog | 16-11
  • Do You Want to Build a Meth Lab? (Frozen x Breaking Bad Parody)
    Do You Want to Build a Meth Lab? (Frozen x Breaking Bad Parody)...
    The Daily Blog | 16-11
  • Soft soap for the rich – harsh taxes for the poor
    It’s no surprise to see New Zealand has one of the world’s lowest tax rates for the rich and the superrich. A survey by the global accounting network UHY shows New Zealand’s highest tax rates are lower than even Australia,...
    The Daily Blog | 16-11
  • Phillip Smith and the rehabilitation process
    The dominant media narrative in horrible murder cases is that the perpetrator is unlikely ever to be rehabilitated. When it appears the offender may get parole the media turns first to family members of the victim who commonly (and understandably)...
    The Daily Blog | 16-11
  • The Nation review: Finlayson’s terrifying definition of who is on terror ...
    Terrifying Nation today on TV3. Chris Finlayson is on justifying the Government’s Muslim fear mongering and extension of even more surveillance powers. It was jaw dropping. Finlayson says ‘alienated people with a chip on their shoulder’ is the threshold to get...
    The Daily Blog | 14-11
  • A brief word on The Block NZ
    Is it just me or did The Block manage to sum up everything that is wrong about our culture and economy? Fetishised property speculation as mass entertainment in a country of homelessness & poverty. I wonder if State House tenants...
    The Daily Blog | 14-11
  • Waitangi Tribunal ruling
    That spluttering choking sound of a thousand rednecks being informed Maori still have sovereignty is a hilarious cacophony of stupid… Crown still in charge: Minister Chris Finlayson on Waitangi Treaty ruling The Waitangi Tribunal’s finding that Maori chiefs who signed...
    The Daily Blog | 14-11
  • A brief word on Phillip Smith
    We can arrest student loan & fine defaulters at the airport – but not convicted child molesting killers? Before we ban manufactured ISIS ‘terrorists’ from having passports, how about we just manage to stop child molesting killers from fleeing first?...
    The Daily Blog | 14-11
  • Free Me From Religion
          The meeting begins – or at least it’s supposed to begin – but someone interrupts proceedings. She wants everyone to pray with their heads bowed while she can “thank our Father who art in Heaven.” I close...
    The Daily Blog | 14-11
  • Key capitulates on TPPA while big money NZ set up propaganda fund
    So Key has capitulated on the ‘gold standard’ of free trade deals… The primary objective for New Zealand at Apec was to see some urgency injected into the TPP talks and to keep leaders aiming for a high quality deal....
    The Daily Blog | 13-11
  • Why Phillip Smith is the least of our worries
    Well, it turns out Phillip Smith wasn’t half as clever as he thought he was, and he’s been arrested within a week. If the Prime Minister is through with making tasteless jokes, perhaps we can ramp down the media hysteria...
    The Daily Blog | 13-11
  • Constraining Credibility
      Most economists and members of the public – on both the right and the left – believe that economies are constrained by resource scarcity most of the time. In this view, economies are supply-constrained, and that the economic problem...
    The Daily Blog | 13-11
  • Migrant Labour, exploitation and free markets
    Once more we read about a horror story of virtual slavery for a migrant worker in a restaurant in Christchurch. The silver lining that in this case compensation should be paid is not assured. Often in situations like this the employer winds up...
    The Daily Blog | 13-11
  • On baby boomers who give my generation unhelpful advice: JUST DON’T
    One of my mum’s colleagues recently told her that there is no money in what her daughter was doing; volunteering at a women’s refuge and writing on politics. This guy, dispensing all his pearls of wisdom, told my mother that...
    The Daily Blog | 13-11
  • Morbid Symptoms: Can Labour Be Born Anew?
    THE CHAIRS in the final meeting venue have been stacked away. All that expensive signage, commissioned for the benefit of the television cameras, no longer has a purpose. For the second time in just 14 months, Labour’s Leadership Contest is...
    The Daily Blog | 12-11
  • What’s Small, White, and Having Trouble Attracting New People?
    If your answer was something intimately connected to the person of Peter Dunne … then you’d be right. Last night, P-Dunney decided to bring his comedy and/or hair stylings to the twitterverse; penning a potentially somewhat ill-advised tweet in which he compared...
    The Daily Blog | 12-11
  • LATE at the Auckland Museum review – Slacktivisim: Its not just for Slack...
    Monday night is my yoga night. I’m not really very good it, I don’t really have the bendy, but I made a New Years resolution. This Monday however, I decided to put the yoga on prone and attend a gig...
    The Daily Blog | 12-11
  • This weeks Waatea news column – Nanaia Mahuta – the Princess who roared
      This weeks Waatea news column – Nanaia Mahuta – the Princess who roared...
    The Daily Blog | 11-11
  • Real reasons to fear Government’s new approach to child poverty
    Now  I really am worried.  Selling state houses is bad enough but a taking a ‘social investment focus’ to deal with child poverty? “The Treasury will issue a Request for Information inviting submissions from people who work with vulnerable New...
    The Daily Blog | 11-11
  • Power to the people!
    With all the huffing and puffing of the election out of the way and the right-wing still in ascendancy after 30 years of community-sapping neoliberalism it was a pleasure to attend a strike by workers at Carl’s Jr in Lincoln...
    The Daily Blog | 11-11
  • EXCLUSIVE: OIA reveals WINZ trespassing 400 people a year
    W.I.N.Z is broken and it’s breaking my heart. Every year WINZ issues trespass notices to just under 400 people. 2008 / 418 2009 /  382 2010 /  347 2011 /  411 2012 /  373 2013 /  384 And this year...
    The Daily Blog | 11-11
  • So David Farrar and the Government were wrong on gangs after all?
    Oh the predictability of this… Ministers acted on inaccurate gang data Cabinet signed off tough new measures to tackle gangs on the basis of inaccurate information which over-estimated the scale of the crime problem. The briefing paper told ministers 4000...
    The Daily Blog | 10-11
  • Why lifelong prisoner surveillance is evidence of our failing prisons
    The intrusion of more and more State surveillance is easier to implement if the State begins with groups the populace are frightened of. Muslim radicals, Maori radicals, environmental radicals and prisoners are all easy fodder for ratings chasing media to...
    The Daily Blog | 10-11
  • Goodfellow congratulates Key on IDU election
    Goodfellow congratulates Key on IDU election National Party President Peter Goodfellow has congratulated Prime Minister John Key on his election today as Chairman of the International Democrat Union (IDU)....
    Scoop politics | 21-11
  • Taxpayers’ Union Congratulates PM on IDU Appointment
    The Taxpayers’ Union is today congratulating Rt. Hon. John Key on becoming the Chair of the International Democrat Union , as former Australian Prime Minister John Howard retires from the role after 12 years. Taxpayers’ Union Executive Director...
    Scoop politics | 21-11
  • High demand for Consumer NZ’s “Do Not Knock” stickers
    Consumer NZ has distributed nearly 100,000 “Do Not Knock” stickers since the launch of its campaign to fight back against dodgy door-to-door sellers.The “Do Not Knock” campaign was launched on 3 November 2014. Free “Do Not Knock” stickers...
    Scoop politics | 21-11
  • Phillip Smith decision still pending
    Detective Superintendent Mike Pannett is returning to Washington DC where he will continue to closely monitor a pending decision from the Brazilian authorities on the process to return Phillip Smith to New Zealand....
    Scoop politics | 21-11
  • High Court demonstration to demand justice
    People outraged at the lack of justice in the so-called ‘Roast Busters’ case and 99% of other rape cases in this country are holding a visually powerful mass action at the Auckland High Court at 1 o’clock on Saturday. They...
    Scoop politics | 21-11
  • NZ Society Wins Global Award For Fighting Animal Testing
    New Zealand banning animal testing of legal highs has been acknowledged with an award given in London. The New Zealand Anti-Vivisection Society (NZAVS) was awarded the 2014 LUSH Prize for lobbying against animal testing. The prize was given at the...
    Scoop politics | 21-11
  • Poor govt advice to workers on petrol station drive-offs
    The New Zealand Council of Trade Unions has raised concerns with the Ministry of Business, Innovation and Employment ('MBIE') regarding their reported advice to workers about the petrol station drive away issue....
    Scoop politics | 21-11
  • New Ombudsman opinion
    The Ombudsman has published his opinion on a complaint concerning the Police refusal to release information about a charging decision....
    Scoop politics | 20-11
  • Kindergarten support staff achieve pay rise in tough climate
    The valuable contribution of kindergarten support staff has been recognised with a pay increase, despite the significant funding cuts that the kindergarten associations are experiencing....
    Scoop politics | 20-11
  • Democracy and Conservative Religion: The Case of Islam
    “Is Islam compatible with democracy?” is a frequently-asked question. Recent rethinking of secularism and democracy have opened up new possibilities to think about religion and democracy. This question is important particularly in the case...
    Scoop politics | 20-11
  • NZ fiscal watchdog needed to guard the public purse
    New Zealand needs tighter fiscal rules and an independent watchdog to improve the quality of government spending and reduce the risk of a return to deficit spending as the country’s population ages, if not before....
    Scoop politics | 20-11
  • NZSMI disappointed ANZTPA proposal shelved
    November 20, 2014: Consumer healthcare products industry body, the New Zealand Self-Medication Industry Association (SMI) says it is disappointed Government has once again shelved plans to create one medicines regulatory agency for both New Zealand and Australia....
    Scoop politics | 20-11
  • Democracy Action Welcomes Tauranga Vote
    Responding to Tauranga Council’s unanimous vote not to establish separate Council seats on the basis of ethnicity, Lee Short, Democracy Action founder says: “The establishment of a Maori ward would have damaged the relationship between Maori and...
    Scoop politics | 20-11
  • Employer caught abusing new ‘teabreaks law’
    Employer caught abusing new ‘teabreaks law’ to exploit workers The government passed the controversial ‘teabreaks’ legislation only a few weeks ago and already Unite Union has caught an employer using this law as an excuse for ill-treating their...
    Scoop politics | 20-11
  • FGC response to Commerce Commission report
    The New Zealand Food & Grocery Council is not surprised by the Commerce Commission’s findings, given New Zealand’s current legal framework....
    Scoop politics | 20-11
  • Bascand: Brighter Money
    Seeing people’s initial reactions to the new banknote designs is a heartening reminder of what an important role currency plays in our lives, and what a sense of pride and heritage our notes evoke....
    Scoop politics | 20-11
  • RBNZ releases Brighter Money designs
    New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year....
    Scoop politics | 20-11
  • 25 years of children’s rights
    UNICEF and OFC celebrate 25 years of children’s rights with Just Play Sports Days On Universal Children’s Day (20 November) and as part of the Oceania Football Confederation’s (OFC) inaugural President’s Cup, UNICEF will celebrate 25 years of children’s...
    Scoop politics | 20-11
  • Xiamen delegation to Wellington has business focus
    Stronger business, education and cultural ties with our Chinese partners will be the focus when a 20-strong government and business delegation led by Xiamen Mayor Mr Liu Keqing which visits Wellington tomorrow (Friday) and Saturday as part of the...
    Scoop politics | 19-11
  • Warriors promote White Ribbon Day message
    Warriors promote White Ribbon Day message Shine and Orakei Health Services On Tuesday, the Vodafone Warriors will promote the White Ribbon Day message to the community at Eastridge Shopping Centre, Mission Bay. The Warriors are supporting their charity...
    Scoop politics | 19-11
  • Superannuitants to protest unethical investments
    A delegation of Auckland superannuitants will deliver a protest-card petition and protest letter to the New Zealand Super Fund this Thursday afternoon to call on the fund to divest from companies which support the Israeli occupation of Palestinian...
    Scoop politics | 19-11
  • Manukau job cuts ‘running the place into the ground’
    Manukau Institute of Technology (MIT) confirmed to its staff yesterday that 54 jobs will go before Christmas....
    Scoop politics | 19-11
  • Newcore Looks Pretty Rotten for Ratepayers
    Responding to the NZ Herald report that the IT system commissioned by Auckland Council to consolidate the eight systems the Super City inherited from its precursor councils could be facing a budget blowout of $100 million, Taxpayers’ Union Spokesman Ben...
    Scoop politics | 19-11
  • Accountability following quake response inquiry not achieved
    Lessons still need to be learned from the search and rescue efforts following the February 2011 earthquake in Christchurch, a leading New Zealand lawyer, Nigel Hampton QC, says....
    Scoop politics | 19-11
  • Our kids say: We are failing in our duty to protect them
    Our kids say: We are failing in our duty to protect them More than a quarter of Kiwi kids say children’s right to be safe and protected isn’t being upheld in New Zealand, identifying protection from violence, abuse and murder...
    Scoop politics | 19-11
  • PARS & Turuki Health Care collaborate on health and services
    Auckland-based PARS (People at Risk Solutions) have partnered with the Turuki Health Care Trust, to offer improved healthcare services to those in need. PARS works closely with former prisoners, providing mentoring, housing, and social services to ensure...
    Scoop politics | 19-11
  • Children’s Plea
    A plea has been sent to all Members of Parliament, regardless of party affiliation, to accord urgency and priority to children's issues. These issues include vulnerability, safety and childhood poverty....
    Scoop politics | 19-11
  • Treasury off track in search for sound policies
    Treasury is unlikely to find the ideas it is looking for to improve outcomes for children while its primary driver is cost-cutting, says Child Poverty Action Group....
    Scoop politics | 19-11
  • Commission calls for answers on handling of CERA harassment
    EEO Commissioner Dr Jackie Blue is deeply concerned about the way in which the State Services Commission has handled sexual allegations made against CERA chief executive Roger Sutton this week and is calling for answers....
    Scoop politics | 19-11
  • Ashley Dwayne Guy v The Queen: Appeal Upheld
    The appellant, Mr Guy, was found guilty by a jury of a charge of sexual violation by unlawful sexual connection. After the verdict it was discovered that, by error, the jury had been provided in the jury room with two...
    Scoop politics | 19-11
  • Zonta Club to Take a Stand Against Gender-Based Violence
    During the 16 Days of Activism against Gender Violence (25 November – 10 December), the Zonta Club of Wellington, along with members of the local community, will join nearly 1,200 Zonta clubs in 67 countries for the Zonta Says NO...
    Scoop politics | 19-11
  • New UNFPA report links progress and power to young people
    A UN report launched today calls for investment in young people as they are essential to social and economic progress....
    Scoop politics | 19-11
  • The Resignation with the Golden Handshake?
    Commenting on the settlement the State Services Commission has reached with former CERA CEO Roger Sutton, Taxpayers’ Union Executive Director, Jordan Williams, says: "Only in the public sector do you receive a payout for ‘resigning’....
    Scoop politics | 18-11
  • NZ must not turn a blind eye to China’s human rights record
    Amnesty International is calling on New Zealand’s Prime Minister John Key to raise China’s shameful human rights record during President Xi Jinping’s visit to New Zealand this week....
    Scoop politics | 18-11
  • The Resignation with the Golden Handshake?
    Commenting on the settlement the State Services Commission has reached with former CERA CEO Roger Sutton, Taxpayers’ Union Executive Director, Jordan Williams, says:...
    Scoop politics | 18-11
  • Treasury’s covert & extremely odd welfare consultation
    A report this morning that Treasury is ‘crowd sourcing’ ideas on welfare policy is news to Auckland Action Against Poverty, even though we are currently one of the most active groups in the area....
    Scoop politics | 18-11
  • NZ invites Pacific peers to review development cooperation
    New Zealand has volunteered to be the first development partner in the Pacific region to undergo a review of its aid programme by Pacific island peers. The review will focus on New Zealand’s development cooperation and will give greater insight...
    Scoop politics | 18-11
  • EPMU joins Pike River families to mark fourth anniversary
    Representatives of the Engineering, Printing and Manufacturing Union are proud to stand with the Pike River families to mark four years since 29 men lost their lives. “This is a particularly solemn day given the recent announcements of Solid Energy...
    Scoop politics | 18-11
  • 2013 Assessment of New Zealand’s National Integrity Systems
    SPEAKER TUILOMA NERONI SLADE: Former Judge, International Criminal Court in the Hague, former legal counsel at the Commonwealth Secretariat, Secretary-General of the Pacific Islands Forum 2008-2014. Introduced by Helen Sutch, Victoria University Council,...
    Scoop politics | 18-11
  • Green Party ignoring Waimea’s environmental benefits
    Green Party MP Catherine Delahunty has overlooked the environmental benefits the proposed Waimea Community Dam will bring the Tasman community, says IrrigationNZ Chairperson Nicky Hyslop....
    Scoop politics | 18-11
  • Women’s use of violence in violent relationships
    More than 80 percent of women who live with a physically violent partner will not initiate violence when they are not being hit, according to new research....
    Scoop politics | 18-11
  • Poor credit rating linked to poor cardiovascular health
    Poor credit rating linked to poor cardiovascular health A credit score doesn’t only boil down a person’s entire financial history to a single number and somehow predict their credit-worthiness, it might also be saying something about a person’s...
    Scoop politics | 18-11
  • State Services Commissioner on Roger Sutton Investigation
    State Services Commissioner Iain Rennie today said the investigation into Roger Sutton’s conduct was robust. Roger Sutton chose to resign as Chief Executive of the Canterbury Earthquake Recovery Authority (CERA) yesterday....
    Scoop politics | 18-11
  • Predator Free NZ project welcomed
    Federated Farmers and the conservation organisation Forest & Bird are welcoming the Predator Free New Zealand initiative as an ambitious but achievable project that will have real benefits for conservation and the economy....
    Scoop politics | 18-11
  • Stock rustling set to continue under lax laws
    The theft and illegal slaughter of farm stock can only be expected to continue if tougher laws are not introduced, said ACT Leader David Seymour today....
    Scoop politics | 18-11
  • Visit of President Xi Jinping to New Zealand
    As president Xi Jinping of China pays short visit to New Zealand, of Friends of Tibet (NZ) has called upon Foreign Minister Hon Murray McCully and the Prime Minister Rt Hon John Key to raise the issue of Human Rights...
    Scoop politics | 18-11
  • Right to Life Congratulates the new Labour Leader
    Right to Life congratulates Andrew Little MP, on being elected as the new leader of the Labour Party. This is a very important election as Andrew Little is now a Prime Minister in waiting His election follows a line of...
    Scoop politics | 18-11
  • Reply to open letter on earthquake repair in Christchurch
    You raise many points and I acknowledge the frustration some people are experiencing when their homes are still not repaired or rebuilt. We have consistently said that the scale and complexity of events has always meant that it will not...
    Scoop politics | 18-11
  • Andrew Little New Labour Party Leader
    In a press conference held on Tuesday in the Labour Party Caucus room at Parliament, it was announced Andrew Little had been voted in as Leader of the Labour party....
    Scoop politics | 18-11
  • Liam Butler interviews Professor Jay Kandampully
    Jay Kandampully is Professor of Consumer Sciences in the Department of Human Sciences. He also serves as a visiting professor at University of Innsbruck, Austria; Nanjing University of Science and Technology, China; and Furtwangen University, Germany;...
    Scoop politics | 18-11
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