web analytics
The Standard

NZ economic forecast “deteriorating”

Written By: - Date published: 9:18 am, January 23rd, 2013 - 50 comments
Categories: economy, national - Tags: ,

Another day, another report on the ongoing failure of the global economy – “Stagnation until 2017 tipped for world’s economies“. Despite the massive bail-out from government / tax payers, our current systems (designed to enrich the 1%) are not delivering. Perhaps it’s time for a new paradigm, a more equitable distribution of wealth, and a recognition that we have to work within environmental constraints instead of trampling all over them. Yeah I know – never going to happen.

Anyway, buried in the fine print of the above linked article are some interesting snippets on NZ as assessed by “international credit reporting agency Dun and Bradstreet (D&B)”:

New Zealand has not been downgraded since March 2011, and emerged from 2012 with a D&B rating of low risk, arising from a small degree of uncertainty associated with expected returns and a strengthened banking sector.

In a global context we are “low risk”, thanks to the good position that the last Labour government left us. But…

D&B said that despite New Zealand’s relative safety, its overall risk profile was classified as “deteriorating” owing to a decline in some export prices and a rise in the unemployment rate to a 13-year high of 7.3 per cent late last year.

Downgraded in March 2011 and currently deteriorating. Good work National.

50 comments on “NZ economic forecast “deteriorating””

  1. PlanetOrphan 1

    Must be time to sell our “World Class Education Payroll System” 😈

  2. muzza 2

    Not sure why people are still under the belief that the last Labour govt left us in a *good position*, which is yet another myth – Sure, compared to where the figures are at now it looks, good, but lets not sit around talking up, what is not true!

    So the question becomes – How will the major problems facing NZ, be addressed by any potential future govt? (I’m not talking about electoral campaign lies, or spin)

    IMO, the major issues (or the minor issues) will not be addressed, by any party, and NZ is past the point of no return (collective failing). We do not have the active participation that will force the change, there are too many who believe the current political system can provide the solutions, it can’t!

    • Lanthanide 2.1

      “Not sure why people are still under the belief that the last Labour govt left us in a *good position*, which is yet another myth – Sure, compared to where the figures are at now it looks, good, but lets not sit around talking up, what is not true!”

      Erm, Labour got us to a net 0 debt position (there was still some gross debt on the books). That same position has allowed the current National government to borrow up to 30% of our annual GDP by 2014. If Labour had not gotten us to such a low debt position, we wouldn’t have been able to borrow as cheaply as we had, and the economy would likely be in a worse position (and/or the government would have been forced to make (even more) unpopular decisions than they have).

    • Enough is Enough 2.2

      Have to agree with Muzza that Labour didn’t address the fundamental problems in the economy when they had the chance.

      Labour was able to leave the books in good shape because they were flooded with tax dollars on the back of Kiwis going on a debt fuelled spending binge. As government debt shrunk, personal debt balooned. It was a debt swap. Nothing more, nothing less.

      There was no fundamental restructure of the economy which would have rebalanced the economy and ‘closed the gaps’.

      Yep they did many good things and were infinitly better than this corrupt mob, but I think history will tell us that they missed the opportunity to create a truly equitable society.

      • muzza 2.2.1

        Quite!

        Debt is Debt, regardless of which level it is incurred, individual/company/district/city/country, the interest flows back out from the country (alongside the profits), largely to the same coffers, and the consequences to society, will turn negative, always!

        The only thing the last Labour Govt did for the economy, was allow the explosion of private debt which kept control the national debt, which has allowed the current govt crooks to ratchet up the national debt to dangerous levels.

        So no, Labour did not manage the economy well, no matter which argument/articles/evidence people can dredge up, it can be easily shot to pieces by Labours, failing to control the inflows of *easy credit*!

      • tc 2.2.2

        “There was no fundamental restructure of the economy which would have rebalanced the economy and ‘closed the gaps’ ”

        Agree and way to timid with compulsory savings, getting a CGT, a proper competition framework (not rebstock’s rubber stamping monopoly ploys), same for the NZX and the Finance industry, carbon tax etc

        HOWEVER most of this required NZFirst/United Future/Ohairyone/anderton etc to agree and therein lies the issue, all well and good to blame Clark etc but unlike the NACT they didn’t have the votes behind the facade of another party like ACT/MP/UF does for the Nat’s as they were bought off to join the plunder.

        • Enough is Enough 2.2.2.1

          I am not sure whether I follow you TC. Which policy of Labour’s between 1999 and 2008, which would have had the effect of restructuring the neo-liberal economy, was defeated by their coalition parties?

      • burt 2.2.3

        As government debt shrunk, personal debt balooned. It was a debt swap. Nothing more, nothing less.

        Exactly… and the biggest impact was on low-middle earners – like always the policies of envy end up hurting the ones they are supposed to help – happens every time – but myopic partisans simply choose not to believe it.

        • Colonial Viper 2.2.3.1

          How is the property owning upper middle class loading up on property speculation debt anything to do with helping low-middle earners?

          Get a grip and make some sense next time, Mon Partisan.

    • Molly 2.3

      Link to government debt as a % of GDP. Easy to follow through from Labour led govt in 1999 to the change of government in 2008. Reserve Bank http://www.rbnz.govt.nz/statistics/extfin/e3/download.html

      … perhaps reinforces the idea about “good position”….

      And, yes, this does only refer to financial position.

    • burt 2.4

      Not sure why people are still under the belief that the last Labour govt left us in a *good position*

      Because Labour in their usual telling fat porkies fashion said so….

      Socialism is great till you run out of other peoples money and that is what happened in 2007 before the global financial crisis… but don’t expect anything but rose coloured glasses from the followers of a flag colour.

      • fatty 2.4.1

        Socialism is great till you run out of other peoples money and that is what happened in 2007 before the global financial crisis… but don’t expect anything but rose coloured glasses from the followers of a flag colour.

        Good point…but you clearly mean capitalism, not socialism

      • geoff 2.4.2

        Capitalism is great till you‘ve bled everyone dry and there’s no one left to flog your shit too

        FTFY

    • Daveosaurus 2.5

      Keep on saying that, Muzza, and some of the easily led amongst us might even start believing it.

      Meanwhile, back in the real world…

  3. Colonial Viper 3

    In an era of irreversible global energy and resource depletion we are going to see MSM touted economic recovery time frames pushed out again and again and again.

    This year it will be growth (or budget surplus) returns in 2015/2016. Next year it will be growth returns in 2016/2017. The year after that, it will be growth returns in 2017/2018. And so on.

    Once you notice it, you’ll see it happening everywhere. The flow of hopium to the people cannot be allowed to stop. Otherwise they might demand real change.

    • PlanetOrphan 3.1

      Can’t have riots in the streets,
      Must pacify with bullshit,
      Where’s my favourite reporters, I’ve got some shit to sell ….

  4. Alinsky 4

    “Not sure why people are still under the belief that the last Labour govt left us in a *good position*”

    Reason #1: Because Labour didn’t intentionally destroy our manufacturing sector, which is the source of a society’s wealth. See Bryan Gould in today’s NZ Herald.

    http://www.nzherald.co.nz/opinion/news/article.cfm?c_id=466&objectid=10860765

    Reason #2: Because Labour didn’t sell income producing government owned assets.

    Reason #3: Because Labour knew unemployed people are our most valuable wasted asset, not a source of cheaper productivity for the wealthy few.

    Reason #4: Because Labour was NOT dedicated to the neoliberal holy mantra “greed is virtuous, especially when it enriches the already wealthy.”

    • Pete 4.1

      Reason #4 Because Labour created the Cullen Fund and Kiwisaver, which help to secure the retirement of our aging population and act as a source of capital for productive investments.

      • muzza 4.1.1

        I think you’ll find that the Cullen Fund and Kiwi Saver, which rely on growth to provide returns, are likley to be providing/causing a net negative!

        As for the last labour govt *not being dedicated to the neoliberal holy mantra….” – ROT

        1: What do you think the Cullen fund is invested in – Hint, it’s tied to neoliberal ideological thinking

        2: Why did the L govt allow the influx of *hot money*, and the explosion of the housing bubble, if they were *NOT dedicated to the neoliberal mantra* – That happened on their watch!

        Stop kidding yourselves!

        • Pete 4.1.1.1

          I think this is an area where there is genuine philosophical disagreement between various commentators on this site. I’m not convinced myself that we’ve reached the end of growth. I do think we should gear ourselves towards a post-oil economy, but that’s not the same thing.

          • muzza 4.1.1.1.1

            Pete, I think I understand where you’re coming from.

            If we have not reached the end of growth (I agree, but from the perspective that it will continue to chanted as the mantra, and driven towards, i.e not a good perspective), what would you say that good growth could be measured as , and how would you see the path to , good growth playing out under the current models?

            • Pete 4.1.1.1.1.1

              Good growth could be measured in increase in the Human Development Index, coupled with a decrease in the Gini Coefficient. Or simply the Inequality-Adjusted Human Development Index.

              At present, policy settings favour the concentration of wealth into the hands of a few, so until that is addressed, good growth will be limited.

              • muzza

                At present, policy settings favour the concentration of wealth into the hands of a few, so until that is addressed, good growth will be limited.

                That’s the interesting part of the discussion, the one which will be driven by the engagement of people into their political/economic reality, but thats not what enough people want. They want the lie, they love the lie, their life depends on the lie!

                The lie they love, is locking in the outcomes, nice and tight!

                CV – Indeed, then where…

                Edit: Lanth, correct, the exporting of deflation , essentially by China, has created stored up consequences, which we are seeing the clumsey attempts to sweep under the mat!

                • McFlock

                  I’m slightly more optimistic – the whimsy of the electorate is in swings and roundabouts. Basically, they love “the lie” when it seems to work for them, but they take a while to change their mind and flip back again.

                  Lab5 dropped the ball because it got gunshy with the “lightbulb” fiasco. So it tweaked things enough to improve people’s lives a good bit, but there was no gamechanger for when the peoples’ memory dimmed about how evil nats actually are. I know of at least one colleague at the time who voted from lab to nat because “it was national’s turn”. FFS.

                  Lab6 will do the same, but I think mana and the greens are smart enough to go for significant concessions in term one rather than the gradual change myth. I also know they’ll have a shitload more leverage than during lab5.

                  China’s interesting. I have some doubts about their stability in the next few decades. Not a certainty, but they have some fascinating urban/rural, rich/poor, and local/federal government issues.

          • Colonial Viper 4.1.1.1.2

            Growth per capita is almost at an end in OECD countries IMO. And we can see that much of the last decades “growth” in developed countries was actually predicated on an unsustainable debt bubble which we are now paying for. However, real growth may continue to occur in India and China for the time being.

            • Lanthanide 4.1.1.1.2.1

              I agree with you and Pete, CV.

              My boyfriend and I have made the observation that the low rates of inflation throughout the world since the 80s owes a lot to China for outsourcing all of our low-paid jobs, allowing us to still have cheap products made. Wages in China are now starting to rise to a level where manufacturers are considering going to other 3rd world countries, such as Laos and North Korea to keep costs down.

              In essence, the low levels of global inflation of the last couple of decades seems to simply have been deferred to the future, for when we can’t kick the can any further down the road of outsourcing production to cheap countries.

    • PlanetOrphan 4.2

      Also …

      “The Government’s operating surplus in fiscal 2002/03 continues to track higher, Treasury figures released today show.

      The operating surplus for the 10 months to April 30 was $3.258 billion, some $410 million above the track forecast on budget night in May.”

      http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=3506856

      And it aint the GFC it was the SCF that National did not oversee properly.

    • PolishPride 4.3

      Not sure why people are still under the belief that Labour and the left can solve the problems facing society…. They haven’t been able to for the last 100 or so years..
      In order to solve the problem you must first understand what the problem is and it is pretty clear that none of the political parties nor economists do.

    • tc 4.4

      Kiwibank

    • Herodotus 4.5

      http://www.rbnz.govt.nz/keygraphs/Fig5.html
      Tell that to the population your misguided view of the past. We borrowed because we are unable to either:
      Increase nz wealth to match our spending and pay off past debt.
      Reduce our living std
      Unless you were one of those who the govt allowed to participate in the property speculation then your untaxed wealth it was a good time, pity about the social consequences
      Why are so many here willing to continue the mis truths of the last 13 years?
      Even Anthony’s link to a past post http://thestandard.org.nz/how-we-got-where-we-are/ has not a link to show any debt being paid off under labour. If this did happen why is no one able to supply any details. Sure we see all the time net debt graphs http://thestandard.org.nz/nz-economic-forecast-deteriorating/ as frank macskasy comments on but this does not show debt being paid off.
      And let’s not talk about the current account http://www.rbnz.govt.nz/keygraphs/Fig6.html. So how good was it for everyone. Record house price increases, mortgages over 10%, and unheralded of borrowing to pay the bills. At least all but 150k had jobs back then.

  5. infused 5

    “In a global context we are “low risk”, thanks to the good position that the last Labour government left us”

    lol shit, April 1st already?

  6. geoff 6

    2017 is just another figure pulled out of thin air so that the general public doesn’t completely despair.
    There’s no end of stagnation in sight (just look at Japan since the 90’s) as long as they keep printing cheap money for the rent-seeking 1%ers.
    Interestingly, governments have been buying gold for the last few years and returning their holdings back to their national vaults. Supposedly this is a hedge against potential fiat currency collapse, something that has a degree of plausability when many nations bond prices are at historics highs (see UK at 300 year bond high).

    • Colonial Viper 6.1

      Do you happen to know what the CDS spreads on UK debt is looking like?

      • geoff 6.1.1

        Nope. I presume they aren’t indicating imminent UK government default (if that is what you are hinting at) because bank of england can always print more money.

  7. The international credit ratings agencies are a load of bunkem, which along with travesties that the Nat party require us to swallow, we seem to have to “go along” with despite the deficiency in veracity.

    Its true and relevant because they say it is, not because it is.

    How about our international and national governing bodies address this issue*:

    “This offshore economy is large enough to have a major impact on estimates of inequality of wealth and income; on estimates of national income and debt ratios; and – most importantly – to have very significant negative impacts on the domestic tax bases of ‘source’ countries,” Henry says.

    (I have reshared this link that I got off another on the Standard recently, due to the importance of the information contained.)

  8. Afewknowthetruth 8

    The entire economic system is dependent on oil. Extraction of conventional oil peaked over 2005 to 2008, and is in precipitous decline in most parts of the world. Hence most of the developed world is in economic decline. So-called unconventional oil, which has a very poor EROEI, is propping things up to some extent for the moment but will soon fail to do so.

    We go over the same ground time and time again and nothing sinks in.

    • The Gormless Fool formerly known as Oleolebiscuitbarrell 8.1

      Lucky for you it doesn’t. You would then have to change your name to Everyoneknowsthetruth. And would undoubtedly feel less special as a result.

      • Afewknowthetruth 8.1.1

        All truth passes through three stages.

        First it is ignored or ridiculed.

        Second it is violently opposed.

        Third it is accepted as being self-evident.

        Schopenhauer (1788-1860).

        • The Gormless Fool formerly known as Oleolebiscuitbarrell 8.1.1.1

          Yes. But you don’t know it is the truth until the third stage.

          I once told everyone that I would become a ukulele virtuoso who would change the world through the beauty and skill of my playing.

          First, I was ignored or ridiculed.

          Second, I was violently opposed (mainly be people who found my practicing unpleasant to the ear).

          Third, it turned out my detractors were entirely correct. I am just shit at playing the ukulele.

          • Afewknowthetruth 8.1.1.1.1

            When Galileo looked at Jupiter through his telescope and saw it had moons he didn’t have to wait for everyone else to accept the fact to know he was right in proclaiming that Jupiter has moons. Saying that the Earth was not the centre of the universe upset the authorities, especially the church of course, and resulted in house arrest.

            Semmelweis didn’t have to wait for everyone to agree to know that improved hygiene resulted in fewer infections. He was ridiculed and ignored for promoting the modern ideas about germs, and those who ignored and ridiculed him caused unnecessary suffering and death.

            It’s the same when it comes to energy and environmental issues. Those who ridicule and ignore the ones who do know what they a re talking about will cause unnecessary suffering and death……hopefully their own.

Links to post

Recent Comments

Recent Posts

  • Daughter for the Return Home
    Christchurch East MP Poto Williams who hails from the Cook Islands, will be returning this week as part of the Cook’s celebrations on becoming self-governing 50 years ago.  Her family background is connected to the northern Cooks, the islands of… ...
    41 mins ago
  • Tiwai Point welcomed but strategy needed
    The  news that Tiwai Point Aluminium smelter will remain open is good news for the 800 workers at the plant and the people of Southland, but points to a need for a comprehensive regional development strategy, Opposition leader Andrew Little… ...
    4 hours ago
  • Stalled TPP chance for wider discussion
    Failure to get the TPP agreement across the line gives New Zealanders an opportunity to put more pressure on the Government not to sign away our sovereignty, Opposition leader Andrew Little says.“New Zealand land, dairy and medicines are up for… ...
    2 days ago
  • Will poor TPP dairy outcome stop National selling out our homes?
    After failing to protect the right to stop foreign speculators buying our houses it’s clear the Government is not going to get wins on dairy in their TPP negotiations either, Labour’s Trade and Export spokesperson David Parker says. “Labour has… ...
    3 days ago
  • Feeling aspirational
    Yesterday the Rich List showed the number of people who have over 50 million of wealth had increased by another 15 people since last year. Collectively this group are now worth 55 billion, an increase of over 7% since last… ...
    GreensBy Jan Logie MP
    3 days ago
  • Feeling aspirational
    Yesterday the Rich List showed the number of people who have over 50 million of wealth had increased by another 15 people since last year. Collectively this group are now worth 55 billion, an increase of over 7% since last… ...
    GreensBy Jan Logie MP
    3 days ago
  • Feeling aspirational
    Yesterday the Rich List showed the number of people who have over 50 million of wealth had increased by another 15 people since last year. Collectively this group are now worth 55 billion, an increase of over 7% since last… ...
    GreensBy Jan Logie MP
    3 days ago
  • Bennett’s legacy a test for Tolley
    Former Social Development Minister Paula Bennett has been thrown under the bus by her successor after its been suggested that Ms Bennett gave the green light to an ‘unethical’ observational study of high-risk children, Labour Children’s spokesperson Jacinda Ardern says.… ...
    3 days ago
  • Submission to Greater Christchurch Earthquake Recovery: Transition to Rege...
    Thank you for the opportunity to contribute to the Draft Transition Recovery Plan on behalf of the New Zealand Labour Party.  It is important that the citizens of Canterbury have a voice in the governance of the next step of… ...
    3 days ago
  • Troubled school wanted $25,000 dollars to fence farm
    The troubled Whangaruru charter school asked Hekia Parata for $25,000 to fence the school farm at the expense of spending on teaching, Labour’s Education spokesperson Chris Hipkins says. “This unbelievable revelation comes hard on the heels of Hekia Parata’s decision to… ...
    4 days ago
  • Troubled school wanted $25,000 dollars to fence farm
    The troubled Whangaruru charter school asked Hekia Parata for $25,000 to fence the school farm at the expense of spending on teaching, Labour’s Education spokesperson Chris Hipkins says. “This unbelievable revelation comes hard on the heels of Hekia Parata’s decision to… ...
    4 days ago
  • Government report on sexual & family violence a good first step
    Yesterday the Government released the cabinet paper on progress on the work programme of the Ministerial Group on Family Violence and Sexual Violence. Along with the Human Rights Commissioner and Women’s Refuge, I really welcome the report. I’m relieved that… ...
    GreensBy Jan Logie MP
    4 days ago
  • Government report on sexual & family violence a good first step
    Yesterday the Government released the cabinet paper on progress on the work programme of the Ministerial Group on Family Violence and Sexual Violence. Along with the Human Rights Commissioner and Women’s Refuge, I really welcome the report. I’m relieved that… ...
    GreensBy Jan Logie MP
    4 days ago
  • Prisoner voting disqualification and the Bill of Rights Act
    In 2010, National rammed the Electoral (Disqualification of Sentenced Prisoners) Amendment Bill through Parliament. Paul Quinn’s Member’s Bill existed because Paul Quinn thought anyone who’d been imprisoned was a serious offender, and serious offenders had ‘forfeited’ their right to vote.… ...
    GreensBy David Clendon MP
    4 days ago
  • Mainfreight ‘appalled’ by Government’s rail madness
    The Government has been given a serve by New Zealand-based international trucking and logistics firm Mainfreight which says it lacks a national transport strategy, and has treated rail badly, Labour's Transport spokesperson Phil Twyford says. The company has told shareholders it… ...
    5 days ago
  • National’s Health and Safety Reform Bill: less safety and fewer rights at...
    The New Zealand Council of Trade Unions is embarking on a campaign to fight the changes that weaken the Health and Safety Reform bill. As part of the campaign the CTU has organised vigils with the display of 291 crosses… ...
    GreensBy Denise Roche MP
    5 days ago
  • All options need to be put on meat sector table
    Farmers must be given every assurance that all potential risks have been considered before Silver Fern Farms opens its door to foreign equity, Labour’s Primary Industries spokesperson Damien O’Connor says. “The ongoing saga involving the meat sector and amalgamation has… ...
    5 days ago
  • Flag the referendum if 50% or more don’t vote
    Labour has moved to have the second flag referendum canned if the first attracts fewer than half the eligible number of voters, Opposition Leader Andrew Little says. “John Key has already wasted more than $8 million on his vanity project… ...
    5 days ago
  • 90,000 cars reclassified in botched ACC ratings
    New figures obtained by Labour show the ACC Minister’s botched motor vehicle levy system has resulted in 90,000 vehicles having to be reclassified so far – at a cost of $6 million, Labour’s ACC spokesperson Sue Moroney says. “Nikki Kaye’s… ...
    5 days ago
  • Brutal health cuts confirmed, crucial services suffer
    Chronic under-funding by National has seen the health budget slashed by $1.7 billion in just five years, Labour’s Health spokesperson Annette King says. A report by Infometrics, commissioned by Labour, shows health funding has been cut in four of the… ...
    6 days ago
  • Meth ring under Serco’s nose
    The news that two Serco inmates have been arrested for helping to run a methamphetamine ring from prison should be the final straw and see their contract cancelled, says Labour’s Corrections Spokesperson Kelvin Davis. “National has stood by Serco despite… ...
    6 days ago
  • Ministers failing women and their own targets
    New figures showing just five Ministers have met the Government’s own reduced targets for appointing women to state sector boards is evidence National is failing Kiwi women, Labour’s Women’s Affairs spokesperson Sue Moroney says. “The Ministry for Women’s 2015 Gender… ...
    6 days ago
  • Charges up for some as funding up for grabs
    A proposal being considered by the Government would see some people having to pay more for health care and district health boards forced to fight amongst themselves to fund regional health services, Labour’s Health spokesperson Annette King says “Information leaked… ...
    6 days ago
  • Stop experimenting on kids
    The trouble with the Charter school model is that it is a publicly funded experiment on children. The National Government has consistently put its desire to open charter schools ahead of the safety of the children in them, ignoring repeated… ...
    GreensBy Catherine Delahunty MP
    7 days ago
  • Bank puts the squeeze on mid Canterbury farmers
    News that an unnamed bank in Ashburton has put a receiver on notice over financially vulnerable farmers will send a chill through rural New Zealand, says Labour’s Finance Spokesperson Grant Robertson. “The Government needs to work with  New Zealand’s banks… ...
    1 week ago
  • Key is trading away New Zealand land and homes
    John Key yesterday admitted what National dishonestly refused to confirm in Parliament last week – he is trading away New Zealand’s right to control who buys our homes and land, says Opposition leader Andrew Little. “The Prime Minister must now… ...
    1 week ago
  • Razor gang takes scalpel to health
    Plans by the Government to take a scalpel to democratically elected health boards are deceitful and underhand, coming just months after an election during which they were never signalled, Labour’s Health spokesperson Annette King says “Leaked documents reveals a radical… ...
    1 week ago
  • Spin lines show a department in chaos
    Corrections Spin Doctors sending their place holder lines to journalists instead of responding to serious allegations shows the scale of chaos at the department over the Serco scandal, says Labour’s Corrections Spokesperson Kelvin Davis. “As more and more serious allegations… ...
    1 week ago
  • Court ruling shows law should never have been passed
    A High Court ruling that a law banning prisoners from voting is inconsistent with a properly functioning democracy should be a wake-up call for the Government, Labour’s Justice spokesperson Jacinda Ardern says. In an unprecedented ruling Justice Paul Heath has… ...
    1 week ago
  • Judicial Review Gamble Pays Off for Problem Gambling Foundation
    Congratulations are due to the Problem Gambling Foundation (PGFNZ) who have won their legal case around how the Ministry of Health decided to award their contracts for problem gambling services to another service provider. Congratulations are due not just for… ...
    GreensBy Denise Roche MP
    1 week ago
  • Environmental Protection Agency appoints GE advocate as new CEO
    This week, the Environmental Protection Authority Amendment Bill passed its first reading in Parliament. The Bill puts protection of the environment into the core purpose of the Environmental Protection Authority. This month, Dr Allan Freeth, the former Chief Executive of… ...
    GreensBy Steffan Browning MP
    1 week ago
  • Charanpreet Dhaliwal death demands genuine health and safety reform
    The killing of a security guard on his first night on the job is exactly the kind of incident that National’s watered-down health and safety bill won’t prevent, says Te Atatu MP Phil Twyford. The coronial inquest into 22-year-old Charanpreet… ...
    1 week ago
  • Arbitrary sanctions hit children hardest
    Increasing numbers of single parents are being penalised under a regime that is overly focussed on sanctions rather than getting more people into work, Labour’s Social Development spokesperson Carmel Sepuloni says. “Figures, obtained through Parliamentary questions show 3000 more sanctions,… ...
    1 week ago
  • Hekia just won’t face the facts
    Hekia Parata’s decision to keep troubled Whangaruru Charter school open despite being presented with a catalogue of failure defies belief, goes against official advice and breaks a Government promise to close these schools if they were failing, says Labour’s Education… ...
    1 week ago
  • No more silent witnesses
    Yesterday I attended the launch of a new initiative developed by and for Asian, Middle eastern and African youth to support young people to name and get support if there is domestic violence at home. The impact on children of… ...
    GreensBy Jan Logie MP
    1 week ago
  • Single Use Plastic Bags campaign – Some wins and some green-washing
    As we near the end of Plastic Free July I’m nearing the conclusion of my Say No To Plastic Bag tour when I will have completed all 30 of my public meetings. The campaign was designed to work with community… ...
    GreensBy Denise Roche MP
    1 week ago
  • Single Use Plastic Bags campaign – Some wins and some green-washing
    As we near the end of Plastic Free July I’m nearing the conclusion of my Say No To Plastic Bag tour when I will have completed all 30 of my public meetings. The campaign was designed to work with community… ...
    GreensBy Denise Roche MP
    1 week ago
  • Minister must take responsibility for problem gambling debacle
    The Government’s handling of the Problem Gambling Foundation’s axing in a cost-cutting exercise has been ham-fisted and harmful to some of the most vulnerable people in society, Associate Health Labour spokesperson David Clark says.“Today’s court ruling overturning the axing of… ...
    2 weeks ago
  • Labour will not support TPP if it undermines NZ sovereignty
    The Labour Party will not support the Trans Pacific Partnership Agreement unless key protections for New Zealanders are met, Opposition leader Andrew Little says.“Labour supports free trade. However, we will not support a TPP agreement that undermines New Zealand’s sovereignty. ...
    2 weeks ago
  • Coleman can’t ignore latest warnings
    Resident doctors have advised that a severe staffing shortage at North Shore Hospital is putting patients’ lives at risk, Labour’s Health spokesperson Annette King says. “They say a mismatch between staffing levels and patient workloads at North Shore has… ...
    2 weeks ago
  • ACC must remove barriers to appeals
    The Government must prioritise removing barriers to justice for ACC claimants following a damning report by Acclaim Otago, Labour’s ACC spokesperson Sue Moroney says. “ACC Minister Nikki Kaye must urgently scrap her flawed plan to remove claimant’s right to redress… ...
    2 weeks ago
  • Six months’ paid parental leave back on the agenda
    Six months’ paid parental leave is back on the agenda and a step closer to reality for Kiwi parents after Labour’s new Member’s Bill was pulled from today’s ballot, the Bill’s sponsor and Labour MP Sue Moroney says. “My Bill… ...
    2 weeks ago
  • Sole parents at risk of having no income
    New requirements for sole parents to undertake a reapplication process after a year is likely to mean a large number will face benefit cancellations, but not because they have obtained work, Labour’s Social Development spokesperson Carmel Sepuloni says. “Increasing numbers… ...
    2 weeks ago
  • Juking the Welfare Stats Again
    Last week the government’s major initiative to combat child poverty (a paltry $25 increase) was exposed for what it is, a lie. The Government, through the Budget this year, claims to be engaging in the child poverty debate, but instead,… ...
    GreensBy Jan Logie MP
    2 weeks ago
  • OCR rate cut a result of flagging economy
    The Reserve Bank's decision to cut the Official Cash Rate to 3 per cent shows there is no encore for the so-called 'rock star' economy, says Labour's Finance Spokesperson Grant Robertson.   "Today's interest rate cut comes off the back… ...
    2 weeks ago
  • Reboot to an innovation economy, an Internet economy and a clean economy
    In my short 33 years on this planet we’ve seen phenomenal technological, economic and social change, and it’s realistic to expect the next 33 will see even more, even faster change. You can see it in the non-descript warehouse near… ...
    GreensBy Gareth Hughes MP
    2 weeks ago
  • Bill that puts the environment into the EPA passes first hurdle
    A Bill that puts the environment squarely into legislation governing the Environmental Protection Authority passed its first reading today, says Meka Whaitiri.  “I introduced this member’s bill as the current law doesn’t actually make protecting the environment a goal of… ...
    2 weeks ago
  • Key’s KiwiSaver deception exposed
    KiwiSaver statistics released today expose John Key's claim that the cutting of the kickstart payment "will not make a blind bit of difference to the number of people who join KiwiSaver” to be duplicitous, says Labour Finance Spokesperson Grant Robertson.  “Official… ...
    2 weeks ago
  • Minimum Wage Amendment Bill to protect contractors
    All New Zealanders should be treated fairly at work. Currently, the law allows non-employment relationships to be used to get around the minimum wage. This is unfair, says Labour MP David Parker. “The Minimum Wage (Contractor Remuneration) Amendment Bill, a… ...
    2 weeks ago
  • Bill raises bar to protect Kiwi farmland
    The Government’s rubber-stamping of every one of the nearly 400 applications from overseas investors to buy New Zealand farm land over the last three years proves tougher laws are needed, Labour MP Phil Goff says. “In the last term of… ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere