Rashbrooke touches on the solution (or at least the best available chance) when he mentions taxation….our domestic inflation can be controlled by taxing that which we want more of less and vice versa, especially if it is progressive.
Until we openly recognise that 'work' (output) is what supports an economy we will continue to fail…..and speculation isnt 'work' as much as those engaged in it will claim otherwise….make work rewarding (again)
“.and speculation isnt 'work' as much as those engaged in it will claim otherwise”
I don't think anyone is claiming that. There are some, mostly supporters of capital gains taxes, who claim that gains from speculation constitute "income". However those gains are offset by losses on the part of buyers, so don't affect the money supply.
Na ,you go get a mortgage the bank tells you how much you can go to on a given property, if they were limited to lending at no more than inflation then house prices couldn't rocket out of control and investors would need to be in it for long term rental profits instead of going for massive capital gain.
Houses generally double in price every 10 years, its ridiculous
It's also what helped screw us with dairy, banks happily lending way to much for conversions etc valuing farms based on very high prices for milk solids and outputs based on heaps of fert, irrigation and supplemental feed… the bank doesnt care the bigger the mortgage the more interest paid amd the better their balance sheet.
Dangerously close to irresponsible lending if you ask me…
TOP is suggesting a 100% loan to value ratio for rental purposes. This would mean that an intending landlord would not be able to enter the market unless he already owned an available freehold property, or had sufficient funds to be able to purchase one without borrowing. I think he has plagiarized one or two of my earlier comments.
Banks and finance companies loan to those with assets and perpetuate a bad system. Greedy asset holders are the problem…they seek out the loans to add to their already large asset bases and inflate asset values.
A few who have over reached are being impacted by the current credit squeeze and interest rises and revision of values against other commodities.
Banks and Finance Companies are complicit, but not the whole problem, but are the conduit for Asset Owner's GREED.
The process you refer to cannot happen unless finance is available for your so called "greedy asset holders" to access.
The process is a circular one. The more the banks lend against property the more prices rise, and the more interest the banks earn. And the more prices rise the more money the banks can lend. To put a stop to the process we need to curtail bank lending. We can't blame "greedy asset holders" for taking advantage of the situation as it exists.
Alternatively we could try to discourage them by making property investment less attractive, e.g. by taxing property ownership.
Shrinking demand via taxation has most of the same problems as shrinking demand via monetary policy. NZs price hikes are due to supply side factors, coming from overseas or are otherwise related to market structure.
It's possible to shrink the demand side down to match the supply side while that's going on, but its pretty socially destructive. It also damages your economic resilience and productivity for once supply side inflationary pressures abate.
If domestic inflation was coming from the demand side the understanding would be different.
"Shrinking demand via taxation has most of the same problems as shrinking demand via monetary policy."
And there is your mistake….it depends upon the target of the taxation.
What is fuelling the RBNZ fear of a price/wage spiral?…the pressures exerted by overpriced assets (property) on both labour and inputs.
It is not the working poor that are continuing to support the higher prices in NZ…as Rashbrooke notes "If there genuinely is excess cash, it sits in the hands of the well-off. But current policies don’t target them. "
The Reserve Bank has to take into account unemployment as well as inflation as part of its remit.
Rashbrooke's solutions are a bit waffly for me, though he is right about raising interest rates being a blunt tool and in terms of higher pay for workers being seen as a good thing rather than being seen as a cost to business.
No. The RB remit has to take into account rising unemployment/the level of employment. If unemployment is judged to be rising too quickly interest rate rises would have to be smaller or even reversed.
The RBNZ should talk to INZ so that that we can open the borders asap and flood the labour markets with poorly checked cheap labour from who-cares. Oh wait, that sounds remarkably similar to National’s second bullet point on their PowerPoint slide that they call Plan for Aotearoa 2023-2024 with the footnote saying We are better managers of the egonomy.
The better understood, how these policies are supposed to work, are the easier to point out the assumptions involved (such as the assumption, not recorded in the data, that median NZ wages are too high and driving inflation).
Is that the same TOP under which Gareth Morgan proposed taking 1/3 of beneficiaries income and redistributing it to everybody else as a bonus (called UBI sans welfare). Mr Rashbrooke seems more socially responsible than that, to me.
I think that he's absolutely fine where he is and continue his excellent work outside of Parliament and most certainly not sell his soul to some political cult party.
Are they all cults or just top? They come across as more progressive than any other and not blinded by ideology like the rest. although to be honest I haven't given them much attention of late.
Russia puts Bellingcat partner Dobrokhotov on wanted list: Journalist is accused of illegally crossing state border into Ukraine
The Russian authorities have put Roman Dobrokhotov, the founder of online publication The Insider, on the country’s wanted list, after he fled the country by allegedly illegally crossing the border to Ukraine’s Lugansk region…..
….Dobrokhotov was placed on a wanted list after apparently fleeing Russia by crossing the border to Ukraine’s Lugansk region. At the same time, the police raided his parents’ home, and brought his wife in for questioning.
Following the charges, he announced that he had “had every right to leave the territory of Russia,” despite his passport being seized, calling the criminal case a means of pressuring his relatives.
How about that? Last week, 'The Russian authorities' didn't consider the territory of Lugansk, to be part of Russia. This week Putin claimed Lugansk is part of Russia.
Will the Russian authorities be dropping the charges of illegally crossing into a foreign country brought against Russian journalist Roman Dobrokhotov?
I can recall that even as a child I remember feeling the saying and song that people have no control over their fate was terribly depressing and fatalistic.
The opposite is true.
Ukraine's victory is not fated. It is hard won.
Sure. With American weapons, which the Russians seem unable to match. I think the latter will eventually have to resort to their own nuclear weapons in order to defend themselves.
"….I think the latter will eventually have to resort to their own nuclear weapons in order to defend themselves." Mikesh
This war is not Russia defending 'themselves', Mikesh.
Invading and forcibly occupying territory of a neighbouring sovereign country is not defence.
Mikesh calling for Russia to use nuclear weapons to prevail in this aggression. Is to call for genocide.
Nuclear weapons are the ultimate weapon of genocide. Killing far more people in less time than any other previous invented method. No need for messy cattle cars or the construction of complex networks of death camps and crematoria.
Committing and calling for genocide is the hallmark of fascists.
This is what the Ukrainian people of the Donbas think of people like you and your dirty ilk.
Its not possible to watch RT. In the interest of monopoly propaganda from the West, many alternative sources have been banned, not only from TV but also YouTube and Twitter.
As Ukraine advances into Kherson threaten to close the land bridge to Crimea, and with the sea bridge gone. Crimea is about to become physically cut off from Russia.
I suspect many of the inhabitants of Crimea will be secretly renewing their Ukrainian passports.
For years, Lotto pitched certain stores as "lucky". They weren't. In fact, the chances of becoming a problem gambler far outweigh the chances of winning a big Powerball prize.
King Charles III Conflicted Head of The Commonweath
Why hasn’t Jacinda, Anthony and Justine (along with the other PMs of 13 Kingly states) stood up to Lizz Truss and insisted that the Head of the Commonwealth, that includes NZ, Australia, and Canada along with 54 other independent states, should be allowed to represent our collective views at COP27. Apparently, Liz’s decision was made is because she has appointed a Climate Denier Jacob Rees-Mogg as her UK Environmental Minister, and she doesn’t want to be embarrassed by her King’s views on the world stage. On the other hand, Global Warning is a serious international issue, Charles III is our King and head of the Commonwealth and apparently well qualified to represent smaller states that are anxious about the impacts of climate change. Moreover in 1961 our former Queen set a precedent for independent action by ignoring Thatcher’s “advice” not a to attend the Commonwealth conference on Apartheid, danced with the PM of Ghana and thereby “saved” the Commonwealth from breaking up. The question we might ask ourselves, if Liz has so much power over our present head of state why do we bother keeping him on?
“ the use of Crimean crews amounted to "indirect sponsorship of Russia's war crimes".
“there are doubts over the towns and addresses on their official documentation, which places them as being from the Russian Federation and not other contested regions currently, or historically, fought over.”
Crimea is an annexed Ukrainian state so if they were Crimean born not Russian, no problem.
“Sources claim the crews are "aggressively pro-war and pro-Putin", it's alleged, broadcasting Russian "propaganda" on the fishing boats and allegedly "mandated" to hang Putin's portrait in the galley and wardroom”.
This activity needs banning on a NZ registered boat until Russia stops its aggression in the Ukraine.
Let's see how many get on the plane to go home when their contract ends.
They'd all be liable for conscription so would be quite pleased to be tucked away down south for the duration. And is Uncle Vlad's portrait hanging the right way up for here or up north.
Drowsy M. KramTak, comrade, never liked Russian fudge as much as the chocolate kind â hope sanctions kick in before the school gala. Rooting for the underdog of the moment. 6.2.1.1
Sorry weka, I copied the text of my comment before deleting it, and then tried to paste the copied text into a new comment – must have pasted in the wrong place.
I'm sure Russia would be more than happy to talk peace with the Ukrainian government. However the latter seems more interested in saving face rather than agreeing to peace talks. In any case I'm pretty sure Mr Biden would not allow it.
Should've been banned decades ago on legal grounds – they pay illegally low wages – which is the whole point.
Contemporary NZ politicians are however utterly corrupt. "Slave & trafficked workers? Have as many as you like!" they say. As long as they're off camera, that is.
Crimea is an annexed Ukrainian state so if they were Crimean born not Russian, no problem.
The majority of Crimea's citizenry are ethnic Russians. From 1954 to the end of the soviet era Crimea was administered from Ukraine, but that did not imply that it "belonged" to Ukraine. I think it was a separate oblast within the soviet system and doubt whether Russia acquiesced in a transfer of ownership – though of course I could be wrong. After the soviet collapse Yeltsin may have handed it over, though I doubt whether Putin would have agreed to a handover had he been in power at the time.
In 2014 a referendum indicated that a majority of its citizens did not want to be part of Ukraine. It has been suggested that the referendum was phony, but this has never been proved, and foreign observers present in Crimea at the time seemed to think that the result was kosher. This was the basis for Russia's annexation, though the real reason was that ownership of the territory was important for Russia’s defense.
Another hurdle to overcome for life to emerge has been discovered.
Waterfalls.
Some worlds like Saturn's 6th moon Enceladus, may be covered in deep oceans. But without waterfalls, (and land), the emergence of life may not be possible.
….Basically, for life to form, it needs water, but also the loss of some water.
Cooks explained this “water paradox,” to VICE. “The water paradox is the contradiction between (i) the very considerable evidence that the chemical reactions leading to life occurred in the prebiotic ocean and (ii) the thermodynamic constraint against exactly these (water loss) reactions occurring in water….
….tiny droplets flying through the air or sliding down rocks, interacting with the air and forming quick chemical reactions. “The rates of reactions in droplets are anywhere from a hundred to a million times faster than the same chemicals reacting in bulk solution,” said Cooks.
This speedy chemical reactions do not require a catalyst to begin the reaction, which made the evolution of life on Earth possible. The team used “droplet fusion” experiments to reconstruct the possible formation of peptides, that simulate how water droplets collide in the air.
Add this to the growing mountain of evidence already collected, points toward the conclusion that except for this small corner, the universe is as inanimate as it is vast.
" Auckland Action Against Poverty is one of those groups with on-the-ground experience, and co-chair Agnes Magele said the report did not give the full picture.
" She said the government's decisions and actions were partly to blame for keeping people locked in poverty "
The Chekist thug has memory-holed his predecessors' atrocities.
Liquidation of the International Memorial
12/28/2021
On December 28, 2021, the Supreme Court of the Russian Federation decided to liquidate the International Memorial.
The formal reason stated in the suit of the General Prosecutor's Office is the absence of the label “foreign agent” on some materials. During the hearing, the inconsistency of these claims was clearly demonstrated.
But today, the court finally named not a formal reason, but the real reason for the liquidation of the International Memorial: the General Prosecutor's Office claims that we are misinterpreting Soviet history, “creating a false image of the USSR as a terrorist state,” “lashing out criticism at the state authorities”. And the state, according to our opponents, is beyond criticism.
The decision of the Supreme Court once again confirmed that the history of political terror organized and directed by the state authorities remains for Russia not an academic topic of interest only to specialists, but an acute problem of our time. Our country needs an honest and conscientious reflection on the Soviet past; this is the guarantee of her future. It is ridiculous to believe that the judicial liquidation of International Memorial will remove this issue from the agenda. The entire Russian society needs to remember the tragedies of the past. And not only Russian: the memory of state terror unites all the former Soviet republics.
Of course, we will challenge the decision of the Supreme Court of the Russian Federation in all ways available to us. And we will find legitimate ways to continue our work. A memorial is not an organization, it is not even a social movement. The memorial is the need of the citizens of Russia for the truth about its tragic past, about the fate of many millions of people. And no one will be able to "eliminate" this need.
Today is Poot's 70th. Awarding prizes to a human rights group that he shut down, a Ukrainian rights group documenting his war crimes and a Belarusian rights activist imprisoned by his bestie Lukashenko.
I don't see why the protesters should be awarded the peace prize when they have not succeeded in bringing about an actual peace in Ukraine. The award in this case seems to be just a gimmick to further demonize Russia. Protesters against the Vietnam war were not awarded the peace prize; but of course in that conflict it was the USA and its supporters that were being protested against.
The rail bridge looks unusable due distortion of the metal and likely weakening of reinforcing steel in the rail bridge concrete. Also, I imagine the extreme heat would weld the train wheels to the tracks. So, clearing the train off the bridge is not going to be easy.
I am expecting the expected offensive towards Melitopol to start straight away now. It would be a great move to have the Russians fighting on three fronts while their logistics are stuffed.
I fixed the link. If you link to the person's twitter account, the tweet gets lost in the embed as new tweets are posted. Instead, click on the date/time stamp of the tweet you are referring to, then copy and paste the URL.
From a supply point of view, the key thing will be how badly the rail bridge is damaged. Obviously the train will need to be cleared off. But it might not simply roll off because the heat will have distorted the metal of the rails and the wheels, and may have even welded the rails to some of the wheels if the fire was hot enough. Then, likely rails will need to be replaced.
So, in the best case, I would say the rail bridge will be out of action for at least a week. But if the heat has damaged the integrity of the bridge itself, then it could be out a lot longer.
That bridge also pipes water and electricity to Crimea – albeit not enough. As Kherson falls, those utilities are likely to be in short supply.
The big engineers in the region are Ukraine, not Russia. They built both the Moskva and the Admiral Kuznetsov. A massive floating crane can likely fix the rail part rapidly (about a month) if Russia still have one. I think they're going to have a few too many problems however.
A month should be long enough. If the Ukrainians start the third front towards Melitopol the stress on the remaining Russian logistics could be too much.
The Ukrainians are putting major stress on the Russian logistics in the north at the moment as well. So, I think this is definitely a major turning point in the war.
If you look at that link you fixed for me, it looks very much like a truck exploding. That is what the Russians are saying. Though, other reports I have seen, have pointed out that freeze-frames show some sort of boat coming into view. I know the US has given the Ukrainians some drone boats. So, it isn't absolutely clear. But it is definitely a large explosion.
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A listing of 29 news and opinion articles we found interesting and shared on social media during the past week: Sun, April 14, 2024 thru Sat, April 20, 2024. Story of the week Our story of the week hinges on these words from the abstract of a fresh academic ...
The ability of the private sector to quickly establish major new projects making use of the urban and natural environment is to be supercharged by the new National-led Government. Yesterday it introduced to Parliament one of its most significant reforms, the Fast Track Approvals Bill. The Government says this will ...
This is a column to say thank you. So many of have been in touch since Mum died to say so many kind and thoughtful things. You’re wonderful, all of you. You’ve asked how we’re doing, how Dad’s doing. A little more realisation each day, of the irretrievable finality of ...
Identifying the engine type in your car is crucial for various reasons, including maintenance, repairs, and performance upgrades. Knowing the specific engine model allows you to access detailed technical information, locate compatible parts, and make informed decisions about modifications. This comprehensive guide will provide you with a step-by-step approach to ...
Introduction: The allure of racing is undeniable. The thrill of speed, the roar of engines, and the exhilaration of competition all contribute to the allure of this adrenaline-driven sport. For those who yearn to experience the pinnacle of racing, becoming a race car driver is the ultimate dream. However, the ...
Introduction Automobiles have become ubiquitous in modern society, serving as a primary mode of transportation and a symbol of economic growth and personal mobility. With countless vehicles traversing roads and highways worldwide, it begs the question: how many cars are there in the world? Determining the precise number is a ...
Maintaining a safe and reliable vehicle requires regular inspections. Whether it’s a routine maintenance checkup or a safety inspection, knowing how long the process will take can help you plan your day accordingly. This article delves into the factors that influence the duration of a car inspection and provides an ...
Mazda Motor Corporation, commonly known as Mazda, is a Japanese multinational automaker headquartered in Fuchu, Aki District, Hiroshima Prefecture, Japan. The company was founded in 1920 as the Toyo Cork Kogyo Co., Ltd., and began producing vehicles in 1931. Mazda is primarily known for its production of passenger cars, but ...
Your car battery is an essential component that provides power to start your engine, operate your electrical systems, and store energy. Over time, batteries can weaken and lose their ability to hold a charge, which can lead to starting problems, power failures, and other issues. Replacing your battery before it ...
Te Pāti Māori are demanding the New Zealand Government support an international independent investigation into mass graves that have been uncovered at two hospitals on the Gaza strip, following weeks of assault by Israeli troops. Among the 392 bodies that have been recovered, are children and elderly civilians. Many of ...
Our two-tiered system for veterans’ support is out of step with our closest partners, and all parties in Parliament should work together to fix it, Labour veterans’ affairs spokesperson Greg O’Connor said. ...
Stripping two Ministers of their portfolios just six months into the job shows Christopher Luxon’s management style is lacking, Labour Leader Chris Hipkins said. ...
Tonight’s court decision to overturn the summons of the Children’s Minister has enabled the Crown to continue making decisions about Māori without evidence, says Te Pāti Māori spokesperson for Children, Mariameno Kapa-Kingi. “The judicial system has this evening told the nation that this government can do whatever they want when ...
It appears Nicola Willis is about to pull the rug out from under the feet of local communities still dealing with the aftermath of last year’s severe weather, and local councils relying on funding to build back from these disasters. ...
The Government is making short-sighted changes to the Resource Management Act (RMA) that will take away environmental protection in favour of short-term profits, Labour’s environment spokesperson Rachel Brooking said today. ...
Labour welcomes the release of the report into the North Island weather events and looks forward to working with the Government to ensure that New Zealand is as prepared as it can be for the next natural disaster. ...
The Labour Party has called for the New Zealand Government to recognise Palestine, as a material step towards progressing the two-State solution needed to achieve a lasting peace in the region. ...
Some of our country’s most important work, stopping the sexual exploitation of children and violent extremism could go along with staff on the frontline at ports and airports. ...
The Government’s Fast Track Approvals Bill will give projects such as new coal mines a ‘get out of jail free’ card to wreak havoc on the environment, Labour Leader Chris Hipkins said today. ...
The government's decision to reintroduce Three Strikes is a destructive and ineffective piece of law-making that will only exacerbate an inherently biased and racist criminal justice system, said Te Pāti Māori Justice Spokesperson, Tākuta Ferris, today. During the time Three Strikes was in place in Aotearoa, Māori and Pasifika received ...
Cuts to frontline hospital staff are not only a broken election promise, it shows the reckless tax cuts have well and truly hit the frontline of the health system, says Labour Health spokesperson Ayesha Verrall. ...
The Green Party has joined the call for public submissions on the fast-track legislation to be extended after the Ombudsman forced the Government to release the list of organisations invited to apply just hours before submissions close. ...
New Zealand’s good work at reducing climate emissions for three years in a row will be undone by the National government’s lack of ambition and scrapping programmes that were making a difference, Labour Party climate spokesperson Megan Woods said today. ...
More essential jobs could be on the chopping block, this time Ministry of Education staff on the school lunches team are set to find out whether they're in line to lose their jobs. ...
Te Pāti Māori is disgusted at the confirmation that hundreds are set to lose their jobs at Oranga Tamariki, and the disestablishment of the Treaty Response Unit. “This act of absolute carelessness and out of touch decision making is committing tamariki to state abuse.” Said Te Pāti Māori Oranga Tamariki ...
The Government is trying to bring in a law that will allow Ministers to cut corners and kill off native species, Labour environment spokesperson Rachel Brooking said. ...
Cancelling urgently needed new Cook Strait ferries and hiking the cost of public transport for many Kiwis so that National can announce the prospect of another tunnel for Wellington is not making good choices, Labour Transport Spokesperson Tangi Utikere said. ...
A laundry list of additional costs for Tāmaki Makarau Auckland shows the Minister for the city is not delivering for the people who live there, says Labour Auckland Issues spokesperson Shanan Halbert. ...
Te Pāti Māori co-leader Rawiri Waititi, and Mema Paremata mō Tāmaki-Makaurau, Takutai Tarsh Kemp, will travel to the Gold Coast to strengthen ties with Māori in Australia next week (15-21 April). The visit, in the lead-up to the 9th Australian National Kapa haka Festival, will be an opportunity for both ...
The Green Party has today launched a step-by-step guide to help New Zealanders make their voice heard on the Government’s democracy dodging and anti-environment fast track legislation. ...
The National Government’s proposed changes to the Residential Tenancies Act will mean tenants can be turfed from their homes by landlords with little notice, Labour housing spokesperson Kieran McAnulty said. ...
Green Party co-leader Marama Davidson is calling on all parties to support a common-sense change that’s great for the planet and great for consumers after her member’s bill was drawn from the ballot today. ...
A significant milestone has been reached in the fight to strike an anti-Pasifika and unfair law from the country’s books after Teanau Tuiono’s members’ bill passed its first reading. ...
New Zealand has today missed the opportunity to uphold the right to a clean, healthy, and sustainable environment, says James Shaw after his member’s bill was voted down in its first reading. ...
Hon Paula Bennett has been appointed as member and chair of the Pharmac board, Associate Health Minister David Seymour announced today. "Pharmac is a critical part of New Zealand's health system and plays a significant role in ensuring that Kiwis have the best possible access to medicines,” says Mr Seymour. ...
Hundreds of New Zealand families affected by Fetal Alcohol Spectrum Disorder (FASD) will benefit from a new Government focus on prevention and treatment, says Health Minister Dr Shane Reti. “We know FASD is a leading cause of preventable intellectual and neurodevelopmental disability in New Zealand,” Dr Reti says. “Every day, ...
Regional Development Minister Shane Jones today attended the official opening of Kaikohe’s new $14.7 million sports complex. “The completion of the Kaikohe Multi Sports Complex is a fantastic achievement for the Far North,” Mr Jones says. “This facility not only fulfils a long-held dream for local athletes, but also creates ...
Foreign Minister Winston Peters’ engagements in Türkiye this week underlined the importance of diplomacy to meet growing global challenges. “Returning to the Gallipoli Peninsula to represent New Zealand at Anzac commemorations was a sombre reminder of the critical importance of diplomacy for de-escalating conflicts and easing tensions,” Mr Peters ...
Ambassador Millar, Burgemeester, Vandepitte, Excellencies, military representatives, distinguished guests, ladies and gentlemen – good morning and welcome to this sacred Anzac Day dawn service. It is an honour to be here on behalf of the Government and people of New Zealand at Buttes New British Cemetery, Polygon Wood – a deeply ...
Distinguished guests - It is an honour to return once again to this site which, as the resting place for so many of our war-dead, has become a sacred place for generations of New Zealanders. Our presence here and at the other special spaces of Gallipoli is made ...
Mai ia tawhiti pamamao, te moana nui a Kiwa, kua tae whakaiti mai matou, ki to koutou papa whenua. No koutou te tapuwae, no matou te tapuwae, kua honoa pumautia. Ko nga toa kua hinga nei, o te Waipounamu, o te Ika a Maui, he okioki tahi me o ...
Paul Goldsmith will take on responsibility for the Media and Communications portfolio, while Louise Upston will pick up the Disability Issues portfolio, Prime Minister Christopher Luxon announced today. “Our Government is relentlessly focused on getting New Zealand back on track. As issues change in prominence, I plan to adjust Ministerial ...
Recreational catch limits will be reduced in areas of Fiordland and the Chatham Islands to help keep those fisheries healthy and sustainable, Oceans and Fisheries Minister Shane Jones says. The lower recreational daily catch limits for a range of finfish and shellfish species caught in the Fiordland Marine Area and ...
Energy Minister Simeon Brown has welcomed an important milestone in New Zealand’s hydrogen future, with the opening of the country’s first network of hydrogen refuelling stations in Wiri. “I want to congratulate the team at Hiringa Energy and its partners K one W one (K1W1), Mitsui & Co New Zealand ...
The coalition Government is delivering on its commitment to improve resource management laws and give greater certainty to consent applicants, with a Bill to amend the Resource Management Act (RMA) expected to be introduced to Parliament next month. RMA Reform Minister Chris Bishop has today outlined the first RMA Amendment ...
Overseas models for regulating the oil and gas sector, including their decommissioning regimes, are being carefully scrutinised as a potential template for New Zealand’s own sector, Resources Minister Shane Jones says. The Coalition Government is focused on rebuilding investor confidence in New Zealand’s energy sector as it looks to strengthen ...
Emergency Management and Recovery Minister Mark Mitchell has today released the Report of the Government Inquiry into the response to the North Island Severe Weather Events. “The report shows that New Zealand’s emergency management system is not fit-for-purpose and there are some significant gaps we need to address,” Mr Mitchell ...
Justice Minister Paul Goldsmith is today travelling to Europe where he’ll update the United Nations Human Rights Council on the Government’s work to restore law and order. “Attending the Universal Periodic Review in Geneva provides us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while ...
Associate Agriculture Minister, Mark Patterson, formally reopened the world’s largest wool processing facility today in Awatoto, Napier, following a $50 million rebuild and refurbishment project. “The reopening of this facility will significantly lift the economic opportunities available to New Zealand’s wool sector, which already accounts for 20 per cent of ...
Hon Andrew Bayly, Minister for Small Business and Manufacturing At the Southland Otago Regional Engineering Collective (SOREC) Summit, 18 April, Dunedin Ngā mihi nui, Ko Andrew Bayly aho, Ko Whanganui aho Good Afternoon and thank you for inviting me to open your summit today. I am delighted ...
The Government is delivering on its commitment to bring back the Three Strikes legislation, Associate Justice Minister Nicole McKee announced today. “Our Government is committed to restoring law and order and enforcing appropriate consequences on criminals. We are making it clear that repeat serious violent or sexual offending is not ...
Foreign Minister Winston Peters has today announced four new diplomatic appointments for New Zealand’s overseas missions. “Our diplomats have a vital role in maintaining and protecting New Zealand’s interests around the world,” Mr Peters says. “I am pleased to announce the appointment of these senior diplomats from the ...
New Zealand is contributing NZ$7 million to support communities affected by severe food insecurity and other urgent humanitarian needs in Ethiopia and Somalia, Foreign Minister Rt Hon Winston Peters announced today. “Over 21 million people are in need of humanitarian assistance across Ethiopia, with a further 6.9 million people ...
Minister for Arts, Culture and Heritage Paul Goldsmith is congratulating Mataaho Collective for winning the Golden Lion for best participant in the main exhibition at the Venice Biennale. "Congratulations to the Mataaho Collective for winning one of the world's most prestigious art prizes at the Venice Biennale. “It is good ...
The Government is reforming financial services to improve access to home loans and other lending, and strengthen customer protections, Commerce and Consumer Affairs Minister Andrew Bayly and Housing Minister Chris Bishop announced today. “Our coalition Government is committed to rebuilding the economy and making life simpler by cutting red tape. We are ...
“China remains a strong commercial opportunity for Kiwi exporters as Chinese businesses and consumers continue to value our high-quality safe produce,” Trade and Agriculture Minister Todd McClay says. Mr McClay has returned to New Zealand following visits to Beijing, Harbin and Shanghai where he met ministers, governors and mayors and engaged in trade and agricultural events with the New ...
Prime Minister Christopher Luxon has completed a successful trip to Singapore, Thailand and the Philippines, deepening relationships and capitalising on opportunities. Mr Luxon was accompanied by a business delegation and says the choice of countries represents the priority the New Zealand Government places on South East Asia, and our relationships in ...
New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...
The Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...
Attorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...
Education Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa. The summit is co-hosted ...
A stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...
Foreign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul. “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...
Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr. The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners. “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
Opinion: Artificial intelligence is increasingly part of life, and so are anxieties about how it will change life as we know it. How it will change our jobs is just one aspect of the dystopian future we imagine it is creating. Some, if not many, of these concerns warrant serious ...
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Crown research institute GNS Science is about to officially open its new green hydrogen lab in Lower Hutt. One day it could contribute to making sure that small rural communities cut off by disaster can still power through, with stored green hydrogen used to establish a kind of micro-grid. Michelle ...
Asia Pacific Report A score of Palestine solidarity protesters draped themselves in white shrouds with mock blood in a sombre “die-in” demonstration at Te Komitanga Square — the heart of Auckland, New Zealand’s largest city — today as speakers urged people to take a stronger boycott against Israeli products. The ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Tackling violence against women will be the sole agenda item for a national cabinet meeting Prime Minister Anthony Albanese has convened for Wednesday. The meeting, held remotely, follows thousands of Australians attending rallies across ...
The protest outside the White House correspondents’ dinner hotel. Image: Anatolu video screenshot APR More than two dozen Palestinian journalists had called for a boycott of the dinner, writing an open letter urging their American colleagues not to attend. “You have a unique responsibility to speak truth to power and ...
“Our exporters should, therefore, be deeply concerned that the Fast-track Approvals Bill was not assessed for consistency with any of our free trade commitments prior to being introduced to the House,” says Gary Taylor, Chief Executive of the Environmental ...
NZCTU President Richard Wagstaff is calling on all political parties to support the new Member’s Bill from Labour’s workplace relations and safety spokesperson Camilla Belich MP that would ensure negligent companies are held accountable when their employees ...
A historian with an uncanny track record of predicting US election winners tells RNZ's Sunday Morning that President Biden looks to be on track for another term, but things could still go very wrong for him. ...
A historian with a track record of predicting US election winners tells RNZ's Sunday Morning that President Biden looks to be on track for another term, but things could still go wrong for him. ...
Ngaio Marsh House is one of Christchurch’s best kept secrets – and contains more than a few mysteries of its own.Trust Ngaio Marsh to leave more than a few mysteries scattered through her house long after her departure. For a start, there’s the curious concrete portal in the garden, ...
Appointment viewing has been lost to the mists of time, but memories of Montana Sunday Theatre can still be conjured by hitting play on a particular piece of classical music. “You’re not going to be able to sell it.” Over 30 years on, Karen Bieleski still recalls how the task ...
Performance Review King Luxon sat behind His massive polished oak desk. It is Performance Review time. There is a knock on the door. “Enter!” says the King. In steps Minister of Disabilities and Carer Pedicures, Penny Simmonds. “I can explain everything …” she begins. “Fine,” says King Luxon, pressing the ...
The pair opened their first fully collaborative exhibition, Nina for Flowers, last Saturday. Gabi Lardies visited their studio to find out who Nina is and what working together was like.‘It didn’t start out like, ‘This is a show about Nina,’” says Josephine Jelicich, gripping a thermos of peppermint tea. ...
Thank you, Dr Maximilian Oskar Bircher-Benner, for your brilliant invention. I’m another mid-20s Kiwi who had an OE last year. I hopped on my bicycle where France meets the Atlantic and cycled east. I pedalled through the Loire Valley, down rivers lined with willows and ancient wisteria-draped chateaus. I relished ...
Asia Pacific Report From France to Australia, university pro-Palestine protests in the United States have now spread to several countries with students pitching on-campus camps. And students at Columbia and other US universities remain defiant as campuses have witnessed the biggest protests since the anti-Vietnam war and anti-apartheid eras in ...
Analysis by Dr Bryce Edwards, Democracy Project (https://democracyproject.nz)New Zealand Government’s Fast Track legislation. Many criticisms are being made of the Government’s Fast Track Approvals Bill, including by this writer. But as with everything in politics, every story has two sides, and both deserve attention. It’s important to understand what the Government ...
Tara Ward talks to presenter Naomi Toilalo about the new TV show that turns food waste into a three course feast. Naomi Toilalo is standing in the warehouse at Good Neighbour Tauranga, helping unpack the two-and-a-half tonnes of rejected food that will arrive at the community support hub that day. ...
Scout is our latest Dog of the Month. This feature was offered as a reward during our What’s Eating Aotearoa PledgeMe campaign. Thank you to Scout’s human, Avril, for her support. Dog name: Scout (named after the little girl in To Kill a Mockingbird – she inherited the independent spirit ...
Megan Alatini takes us through her life in TV, including ‘terrible’ daytime TV, the class of Carol Hirschfeld and her most embarrassing TrueBliss moment. When she responded to a vague newspaper ad asking “do you have what it takes to be a popstar?” 25 years ago, Megan Alatini never guessed ...
A new exhibition in Wellington showcases the faces behind your local goods and services. Back in 1977, when I was a fine arts student at the University of Canterbury, I took a series of photographs of Christchurch shopkeepers. The photos were for a calendar – a project for my end ...
Toomaj and his resistance to tyranny through his songs have become an icon for the youth of Iran, so his sentence has hit the nation hard. Toomaj Salehi is not the first artist to pay the price for standing with the people. ...
My cousin Dylan and I spotted these big eels under the bridge that summer. We watched them lounging under the dark weed, facing into the flow of water, their mouths frozen open. Dylan and I couldn’t stop thinking about those eels. The night we went down to the creek, we ...
Newsroom, home of satire. My long-running weekly satirical series The Secret Diary has moved to Newsroom and will appear every Saturday, with Victor Billot’s wildly popular satirical Odes continuing to appear every Sunday. Diaries, Odes – while serious political columnists toil at meaningful opinions and stroke their chins to an ...
Tara Ward unravels the many nuanced layers of a cartoon about talking dogs.This is an excerpt from our weekly pop culture newsletter Rec Room. Sign up here. It’s not often an episode of a children’s cartoon has adults sobbing into their sleeves, but that’s exactly what happened this week when ...
Working as a doctor in developing countries to help communities achieve better health outcomes is nothing short of a life goal for Jessica Tater. The University of Otago medical student has her sights firmly set on joining the international humanitarian organisation Doctors Without Borders/Médecins Sans Frontières (MSF) when she qualifies ...
There’s an island in the far reaches of Auckland’s territory, sitting off the tip of the Coromandel Peninsula, 30 minutes by air from the city or four hours on the slow boat. Aotea Great Barrier is off-grid, it has a population of fewer than a thousand people … and most ...
Asia Pacific Report An Australian author and advocate, Jim Aubrey, today led a national symbolic one minute’s silence to mark the “blood debt” owed to Papuan allies during the Second World War indigenous resistance against the invading Japanese forces. “A promise to most people is a promise,” Aubrey said in ...
Asia Pacific Report The Freedom Flotilla is ready to sail to Gaza, reports Kia Ora Gaza. All the required paperwork has been submitted to the port authority, and the cargo has been loaded and prepared for the humanitarian trip to the besieged enclave. However, organisers received word of an “administrative ...
Pacific Media Watch Palestine solidarity protesters today demonstrated at the Auckland headquarters of Television New Zealand, accusing the country’s major TV network of broadcasting “propaganda” backing Israel’s genocidal war on Gaza. About 50 protesters targeted the main entrance to the TVNZ building near Sky Tower and also picketed a side ...
Opinion by Lynley Hood. Forty years on from my 1985 Fulbright Grant, my disquiet over the war in Gaza evoked some troubling questions. The answer to my first question – What is the primary purpose of the Fulbright Programme? – was on the Fulbright NZ website. It says: US Senator, ...
The ministers responsible for green-lighting major projects need to be open about potential conflicts of interest, says Transparency International. ...
Source: The Conversation (Au and NZ) – By Anastasia Powell, Professor, Family and Sexual Violence, RMIT University It has been a particularly distressing start to the year. There is little that can ease the current grief of individuals, families and communities who have needlessly lost a loved one to men’s ...
Source: The Conversation (Au and NZ) – By Gregory Moore, Senior Research Associate, School of Ecosystem and Forest Sciences, The University of Melbourne Lichen, the first described example of symbiosis.AdeJ Artventure/Shutterstock Once known only to those studying biology, the word symbiosis is now widely used. Symbiosis is the intimate ...
Source: The Conversation (Au and NZ) – By Kim Hemsley, Head, Childhood Dementia Research Group, Flinders Health and Medical Research Institute, College of Medicine and Public Health, Flinders University Olena Ivanova/Shutterstock “Childhood” and “dementia” are two words we wish we didn’t have to use together. But sadly, around 1,400 ...
Source: The Conversation (Au and NZ) – By Peter Whiteford, Professor, Crawford School of Public Policy, Australian National University The government’s Economic Inclusion Advisory Committee has just published its second report. It was set up by Treasurer Jim Chalmers and Minister for Social Services Amanda Rishworth in 2022 to provide: ...
Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne The Queensland state election will be held in October. A YouGov poll for The Courier Mail, conducted April 9–17 from a sample ...
Source: The Conversation (Au and NZ) – By Amin Naeni, PhD candidate at Alfred Deakin Institute for Citizenship and Globalisation, Deakin University There’s been much talk in recent months about what a possible second Donald Trump presidency in the United States could mean for Europe, Russia’s war in Ukraine, the ...
A brief round-up of submissions on the controversial proposed law. This is an excerpt from our weekly environmental newsletter Future Proof. Sign up here. Last week, submissions on the controversial Fast-track Approvals Bill closed just hours after the government released a list of stakeholder organisations who were sent letters advising how they could ...
A poem from Robin Peace’s new collection Detritus of Empire: feather / grass / rock. Cereal giving I see a woman’s hands, see her curious hands break a stalk as she walks through the tall prairie, the savannah, the steppe, wherever it was. See her idly bite the grass that ...
The only published and available best-selling indie book chart in New Zealand is the top 10 sales list recorded every week at Unity Books’ stores in High St, Auckland, and Willis St, Wellington.AUCKLAND1 Hemingway’s Goblet by Dermot Ross (Mary Egan Publishing, $38)A handsomely produced (debossed cover, lovely ...
The Commissioner's decision validates the longstanding efforts of the local community and ensures that Awataha Marae will be managed to serve the needs of the local community, particularly for hosting tangihanga. ...
Source: The Conversation (Au and NZ) – By Tristan Salles, Associate professor, University of Sydney Examples of Australian landscapes.Unsplash Seventy thousand years ago, the sea level was much lower than today. Australia, along with New Guinea and Tasmania, formed a connected landmass known as Sahul. Around this time – ...
Source: The Conversation (Au and NZ) – By Felicity Castagna, Lecturer, Creative Writing, Western Sydney University Day Day Market, ParramattaPhoto: Garry Trinh I live on the edge of Parramatta, Australia’s fastest-growing city, on the kind of old-fashioned suburban street that has 1950s fibros constructed in the post-war housing boom, ...
Source: The Conversation (Au and NZ) – By Michael Ryan, Teaching Fellow in Economics, University of Waikato GettyImagesfatido/Getty Images There is an ongoing global debate over whether the high inflation seen in the aftermath of the COVID-19 pandemic can be lowered without a recession. New Zealand is not ...
The ‘Wicked Game’ heartthrob is in his late 60s now. That didn’t stop him putting on a lively, goofy and very sparkly show. Apart from ‘Wicked Game’, which graces a sultry playlist of mine simply called 💋, my last sustained Chris Isaak listening session took place when I was about ...
Analysis - Two ministers were stripped of portfolios in a warning to Cabinet, drama broke out at the Waitangi Tribunal, and the gang patch ban bill ran into opposition. ...
Tara Ward makes an impassioned plea for some vital pop culture merch. In April 1999, I became obsessed with a new reality television show called Popstars. Every Tuesday night, five strangers transformed into music royalty before my very eyes as Joe, Keri, Carly, Erika and Megan were chosen to form ...
PNG Post-Courier In the early hours of ANZAC Day, aerial photographs captured an impressive gathering of Australians and Papua New Guineans at Isurava in the Northern (Oro) Province. The solemn dawn service yesterday was held at a site steeped in history, where some of the fiercest battles of World War ...
The PSA is shocked that Oranga Tamariki has used the cost cutting drive to downgrade its commitment to Te Ao Māori and remove many specialist Māori roles. ...
Source: The Conversation (Au and NZ) – By Ian Kemish, Adjunct Professor, School of Historical and Philosophical Inquiry, The University of Queensland There can be no more powerful symbol of the relationship between Australia and Papua New Guinea than the prime ministers of these neighbouring countries walking together on the ...
Source: The Conversation (Au and NZ) – By Sharon Robinson, Distinguished Professor and Deputy Director of ARC Securing Antarctica’s Environmental Future (SAEF), University of Wollongong, University of Wollongong Andrew Netherwood Over the last 25 years, the ozone hole which forming over Antarctica each spring has started to shrink. ...
Source: The Conversation (Au and NZ) – By Viktoria Kahui, Senior Lecturer in Environmental Economics, University of Otago Getty Images/Amy Toensing Biodiversity is declining at rates unprecedented in human history. This suggests the ways we currently use to manage our natural environment are failing. One emerging concept focuses on ...
Source: The Conversation (Au and NZ) – By Timothy Colin Bednall, Associate Professor in Management, Swinburne University of Technology marvent/Shutterstock Finding the best person to fill a position can be tough, from drafting a job ad to producing a shortlist of top interview candidates. Employers typically consider information from ...
Wondering where to host your next BYO? Whether its a small gathering or a massive party, we’ve got some recommendations. I was first introduced to the concept of BYOs at Dunedin’s India Gardens, a legendary but sadly defunct establishment, which purveyed enormous quantities of mango chicken to Aotearoa’s drunkest future ...
https://i.stuff.co.nz/national/129996098/the-covid-cloud-and-the-silver-lining-was-change-possible
Pandemic as a portal?
Re imagineing money?
A hefty read for your breakfast.
https://i.stuff.co.nz/opinion/130102321/max-rashbrooke-sacrificing-50000-workers-on-the-altar-of-inflation-is-madness
Max Rashbrooke ripping into the arsholes that think we need to chuck 50.000 people on the scrap heap so rich people get to keep spending?
Go support stuff by the way ,they are doing tremendous work
Rashbrooke touches on the solution (or at least the best available chance) when he mentions taxation….our domestic inflation can be controlled by taxing that which we want more of less and vice versa, especially if it is progressive.
Until we openly recognise that 'work' (output) is what supports an economy we will continue to fail…..and speculation isnt 'work' as much as those engaged in it will claim otherwise….make work rewarding (again)
“.and speculation isnt 'work' as much as those engaged in it will claim otherwise”
I don't think anyone is claiming that. There are some, mostly supporters of capital gains taxes, who claim that gains from speculation constitute "income". However those gains are offset by losses on the part of buyers, so don't affect the money supply.
Define 'money'…they certainly impact the supply of credit as we have witnessed.
So it is excessive bank lending that is the problem, not the speculation. All I can say is: "so what else is new"
Finally, some else who think it's the banks that cause housing inflation. it's always sheeted home to the market or the buyers.
Without a market or buyers speculating how would a bank cause housing price inflation?
They all play a role.
Everyone involved is seeking to maximise their return and as pat intimated, the whole process provides very little benefit to the rest of us.
Na ,you go get a mortgage the bank tells you how much you can go to on a given property, if they were limited to lending at no more than inflation then house prices couldn't rocket out of control and investors would need to be in it for long term rental profits instead of going for massive capital gain.
Houses generally double in price every 10 years, its ridiculous
It's also what helped screw us with dairy, banks happily lending way to much for conversions etc valuing farms based on very high prices for milk solids and outputs based on heaps of fert, irrigation and supplemental feed… the bank doesnt care the bigger the mortgage the more interest paid amd the better their balance sheet.
Dangerously close to irresponsible lending if you ask me…
TOP is suggesting a 100% loan to value ratio for rental purposes. This would mean that an intending landlord would not be able to enter the market unless he already owned an available freehold property, or had sufficient funds to be able to purchase one without borrowing. I think he has plagiarized one or two of my earlier comments.
Mikkesh.Flippant and fact free.
Banks and finance companies loan to those with assets and perpetuate a bad system. Greedy asset holders are the problem…they seek out the loans to add to their already large asset bases and inflate asset values.
A few who have over reached are being impacted by the current credit squeeze and interest rises and revision of values against other commodities.
Banks and Finance Companies are complicit, but not the whole problem, but are the conduit for Asset Owner's GREED.
Patricia
The process you refer to cannot happen unless finance is available for your so called "greedy asset holders" to access.
The process is a circular one. The more the banks lend against property the more prices rise, and the more interest the banks earn. And the more prices rise the more money the banks can lend. To put a stop to the process we need to curtail bank lending. We can't blame "greedy asset holders" for taking advantage of the situation as it exists.
Alternatively we could try to discourage them by making property investment less attractive, e.g. by taxing property ownership.
Monetarism: Your soaking in it.
Shrinking demand via taxation has most of the same problems as shrinking demand via monetary policy. NZs price hikes are due to supply side factors, coming from overseas or are otherwise related to market structure.
It's possible to shrink the demand side down to match the supply side while that's going on, but its pretty socially destructive. It also damages your economic resilience and productivity for once supply side inflationary pressures abate.
If domestic inflation was coming from the demand side the understanding would be different.
"Shrinking demand via taxation has most of the same problems as shrinking demand via monetary policy."
And there is your mistake….it depends upon the target of the taxation.
What is fuelling the RBNZ fear of a price/wage spiral?…the pressures exerted by overpriced assets (property) on both labour and inputs.
It is not the working poor that are continuing to support the higher prices in NZ…as Rashbrooke notes "If there genuinely is excess cash, it sits in the hands of the well-off. But current policies don’t target them. "
The Reserve Bank has to take into account unemployment as well as inflation as part of its remit.
Rashbrooke's solutions are a bit waffly for me, though he is right about raising interest rates being a blunt tool and in terms of higher pay for workers being seen as a good thing rather than being seen as a cost to business.
So you think we should raise the unemployment rate to curb inflation?
No. The RB remit has to take into account rising unemployment/the level of employment. If unemployment is judged to be rising too quickly interest rate rises would have to be smaller or even reversed.
The RBNZ should talk to INZ so that that we can open the borders asap and flood the labour markets with poorly checked cheap labour from who-cares. Oh wait, that sounds remarkably similar to National’s second bullet point on their PowerPoint slide that they call Plan for Aotearoa 2023-2024 with the footnote saying We are better managers of the egonomy.
Very clever Incognito especially the 'egonomy'.
That's an excellent link.
The better understood, how these policies are supposed to work, are the easier to point out the assumptions involved (such as the assumption, not recorded in the data, that median NZ wages are too high and driving inflation).
I thought Mr Rashbrooke would be a good fit for the TOP
Is that the same TOP under which Gareth Morgan proposed taking 1/3 of beneficiaries income and redistributing it to everybody else as a bonus (called UBI sans welfare). Mr Rashbrooke seems more socially responsible than that, to me.
I think that he's absolutely fine where he is and continue his excellent work outside of Parliament and most certainly not sell his soul to some political
cultparty.Are they all cults or just top? They come across as more progressive than any other and not blinded by ideology like the rest. although to be honest I haven't given them much attention of late.
Wasn’t thinking of any party in particular.
From the Kremlin mouthpiece RT
How about that? Last week, 'The Russian authorities' didn't consider the territory of Lugansk, to be part of Russia. This week Putin claimed Lugansk is part of Russia.
Will the Russian authorities be dropping the charges of illegally crossing into a foreign country brought against Russian journalist Roman Dobrokhotov?
Somehow, I don't think so.
I don't watch RT, but I suspect that crossing an imaginary border is not the real reason he has been placed on a wanted list.
In my opinion Mikesh, Roman Dobrokhotov is one of the few people to have crossed the Ukrainian border legally in recent times.
Guilty of crossing this border illegally, 200,000 Russian troops who illegally crossed this border on February 24, 2022.
We will see how ‘imaginary’ this border is Mikesh, when they are forcibly pushed back over it.
As the song says;
Que sera, sera. Whatever will be, will be. The future's not ours to see. Que sera, sera.
I can recall that even as a child I remember feeling the saying and song that people have no control over their fate was terribly depressing and fatalistic.
The opposite is true.
Ukraine's victory is not fated. It is hard won.
He tangata, He tangata, He Tangata.
https://commons.com.ua/en/yak-inozemni-livi-dopomagayut-ukrayini-u-vijni/?
The future is ours to win.
It is hard won.
Sure. With American weapons, which the Russians seem unable to match. I think the latter will eventually have to resort to their own nuclear weapons in order to defend themselves.
'
"….With American weapons, which the Russians seem unable to match." Mikesh
It is not just the weapons that Russians seem unable to match.
The willingness to fight and die in Putin’s war, is also something that the Russians are unable to match.
And as for the American weapons. The people of Ukraine would fight the Russians with sticks and stones if they had to.
"The arc of history is long but it bends towards justice" Martin Luther King
All the American weapons have done is shortened the arc of history.
'
"….I think the latter will eventually have to resort to their own nuclear weapons in order to defend themselves." Mikesh
This war is not Russia defending 'themselves', Mikesh.
Invading and forcibly occupying territory of a neighbouring sovereign country is not defence.
Mikesh calling for Russia to use nuclear weapons to prevail in this aggression. Is to call for genocide.
Nuclear weapons are the ultimate weapon of genocide. Killing far more people in less time than any other previous invented method. No need for messy cattle cars or the construction of complex networks of death camps and crematoria.
Committing and calling for genocide is the hallmark of fascists.
This is what the Ukrainian people of the Donbas think of people like you and your dirty ilk.
Its not possible to watch RT. In the interest of monopoly propaganda from the West, many alternative sources have been banned, not only from TV but also YouTube and Twitter.
Just google RT and you can watch RT content till your eyes bleed.
RT is streaming live on it's own platform. Right now they're crying about a bridge.
As Ukraine advances into Kherson threaten to close the land bridge to Crimea, and with the sea bridge gone. Crimea is about to become physically cut off from Russia.
I suspect many of the inhabitants of Crimea will be secretly renewing their Ukrainian passports.
RNZ : Guyon Espiner
And this spin from the ODT? As if lotto needs any free feelgood stories?
King Charles III Conflicted Head of The Commonweath
Why hasn’t Jacinda, Anthony and Justine (along with the other PMs of 13 Kingly states) stood up to Lizz Truss and insisted that the Head of the Commonwealth, that includes NZ, Australia, and Canada along with 54 other independent states, should be allowed to represent our collective views at COP27. Apparently, Liz’s decision was made is because she has appointed a Climate Denier Jacob Rees-Mogg as her UK Environmental Minister, and she doesn’t want to be embarrassed by her King’s views on the world stage. On the other hand, Global Warning is a serious international issue, Charles III is our King and head of the Commonwealth and apparently well qualified to represent smaller states that are anxious about the impacts of climate change. Moreover in 1961 our former Queen set a precedent for independent action by ignoring Thatcher’s “advice” not a to attend the Commonwealth conference on Apartheid, danced with the PM of Ghana and thereby “saved” the Commonwealth from breaking up. The question we might ask ourselves, if Liz has so much power over our present head of state why do we bother keeping him on?
No comments have been facilitated for this article in this morning’s NZ Herald.
Wondering what Kiwi reaction is.
https://www.nzherald.co.nz/nz/long-standing-use-of-russian-fishing-crews-on-new-zealand-flagged-boats-raises-questions-as-war-rages-in-ukraine/7ZH2R567XTS7JACL66ALSNHAJ4/
“ the use of Crimean crews amounted to "indirect sponsorship of Russia's war crimes".
“there are doubts over the towns and addresses on their official documentation, which places them as being from the Russian Federation and not other contested regions currently, or historically, fought over.”
Crimea is an annexed Ukrainian state so if they were Crimean born not Russian, no problem.
“Sources claim the crews are "aggressively pro-war and pro-Putin", it's alleged, broadcasting Russian "propaganda" on the fishing boats and allegedly "mandated" to hang Putin's portrait in the galley and wardroom”.
This activity needs banning on a NZ registered boat until Russia stops its aggression in the Ukraine.
Let's see how many get on the plane to go home when their contract ends.
They'd all be liable for conscription so would be quite pleased to be tucked away down south for the duration. And is Uncle Vlad's portrait hanging the right way up for here or up north.
Russians on fishing boats etc
Yes Janet important too to continue keeping Russian cats out of cat shows also , we shouldnt let our high standards slip by golly !!
Dude, your text box.
Sorry weka, I copied the text of my comment before deleting it, and then tried to paste the copied text into a new comment – must have pasted in the wrong place.
you’ve just done it again.
I'm sure Russia would be more than happy to talk peace with the Ukrainian government. However the latter seems more interested in saving face rather than agreeing to peace talks. In any case I'm pretty sure Mr Biden would not allow it.
Should've been banned decades ago on legal grounds – they pay illegally low wages – which is the whole point.
Contemporary NZ politicians are however utterly corrupt. "Slave & trafficked workers? Have as many as you like!" they say. As long as they're off camera, that is.
Crimea is an annexed Ukrainian state so if they were Crimean born not Russian, no problem.
The majority of Crimea's citizenry are ethnic Russians. From 1954 to the end of the soviet era Crimea was administered from Ukraine, but that did not imply that it "belonged" to Ukraine. I think it was a separate oblast within the soviet system and doubt whether Russia acquiesced in a transfer of ownership – though of course I could be wrong. After the soviet collapse Yeltsin may have handed it over, though I doubt whether Putin would have agreed to a handover had he been in power at the time.
In 2014 a referendum indicated that a majority of its citizens did not want to be part of Ukraine. It has been suggested that the referendum was phony, but this has never been proved, and foreign observers present in Crimea at the time seemed to think that the result was kosher. This was the basis for Russia's annexation, though the real reason was that ownership of the territory was important for Russia’s defense.
Another hurdle to overcome for life to emerge has been discovered.
Waterfalls.
Some worlds like Saturn's 6th moon Enceladus, may be covered in deep oceans. But without waterfalls, (and land), the emergence of life may not be possible.
Add this to the growing mountain of evidence already collected, points toward the conclusion that except for this small corner, the universe is as inanimate as it is vast.
So look after it.
2 minutes to votes close
" Auckland Action Against Poverty is one of those groups with on-the-ground experience, and co-chair Agnes Magele said the report did not give the full picture.
" She said the government's decisions and actions were partly to blame for keeping people locked in poverty "
https://www.rnz.co.nz/news/political/476277/child-poverty-report-stokes-demands-for-stronger-government-action
https://twitter.com/NobelPrize/status/1578309539870318603
Previously on TS
https://thestandard.org.nz/daily-review-29-12-2021/#comment-1847006
Today is Poot's 70th. Awarding prizes to a human rights group that he shut down, a Ukrainian rights group documenting his war crimes and a Belarusian rights activist imprisoned by his bestie Lukashenko.
Genius.
In his 70th year, to demonstrate fealty to the Pharaoh two great pyramids were erected in his honour.
https://inshorts.com/en/news/putin-gifted-pyramids-of-melons-watermelons-by-tajikistan-president-on-his-birthday-1665209752186
Oh guys, you shouldn’t have.
I mean really. You shouldn’t have.
I don't see why the protesters should be awarded the peace prize when they have not succeeded in bringing about an actual peace in Ukraine. The award in this case seems to be just a gimmick to further demonize Russia. Protesters against the Vietnam war were not awarded the peace prize; but of course in that conflict it was the USA and its supporters that were being protested against.
Phew, back to ‘normal’
BREAKING NEWS
A defining moment in the Ukraine war.
The Kerch bridge has been taken down. Putin will be pissed. For those who don't know, the Kerch bridge is a key component of the logistics network for getting supplies to the army from Russia and through Crimea.
So… the Crimean pocket is being closed.
Yet another demonstration of the gifted strategic response of Ukraine to Russian terrorism.
More details on the attack Ukraine Strikes Train on Crimean Bridge! – YouTube
The rail bridge looks unusable due distortion of the metal and likely weakening of reinforcing steel in the rail bridge concrete. Also, I imagine the extreme heat would weld the train wheels to the tracks. So, clearing the train off the bridge is not going to be easy.
I imagine a lot of foreign folk in Kherson, Crimea and Zaporizhzhia are thinking pretty hard about their lines of retreat.
I am expecting the expected offensive towards Melitopol to start straight away now. It would be a great move to have the Russians fighting on three fronts while their logistics are stuffed.
According to the Russians it was a truck bomb, which makes sense.
A video of the blast. Quite clearly a truck exploding.
https://twitter.com/GirkinGirkin/status/1578634672753762306
I fixed the link. If you link to the person's twitter account, the tweet gets lost in the embed as new tweets are posted. Instead, click on the date/time stamp of the tweet you are referring to, then copy and paste the URL.
Thanks for that.
The span has collapsed. Crimean Bridge Collapses! – YouTube
Looking a little worse for wear.
https://twitter.com/JimmySecUK/status/1578639387843526656
From a supply point of view, the key thing will be how badly the rail bridge is damaged. Obviously the train will need to be cleared off. But it might not simply roll off because the heat will have distorted the metal of the rails and the wheels, and may have even welded the rails to some of the wheels if the fire was hot enough. Then, likely rails will need to be replaced.
So, in the best case, I would say the rail bridge will be out of action for at least a week. But if the heat has damaged the integrity of the bridge itself, then it could be out a lot longer.
That bridge also pipes water and electricity to Crimea – albeit not enough. As Kherson falls, those utilities are likely to be in short supply.
The big engineers in the region are Ukraine, not Russia. They built both the Moskva and the Admiral Kuznetsov. A massive floating crane can likely fix the rail part rapidly (about a month) if Russia still have one. I think they're going to have a few too many problems however.
A month should be long enough. If the Ukrainians start the third front towards Melitopol the stress on the remaining Russian logistics could be too much.
The Ukrainians are putting major stress on the Russian logistics in the north at the moment as well. So, I think this is definitely a major turning point in the war.
it's odd it's being reported as a collapse rather than that someone blew it up. Is it too soon to know what happened officially?
If you look at that link you fixed for me, it looks very much like a truck exploding. That is what the Russians are saying. Though, other reports I have seen, have pointed out that freeze-frames show some sort of boat coming into view. I know the US has given the Ukrainians some drone boats. So, it isn't absolutely clear. But it is definitely a large explosion.
Step through this video. You will notice some sort of boat goes under the bridge just at the time of the explosion.
I am thinking one of the drone boats the US have provided.
Likely not the truck.
https://twitter.com/WarintheFuture/status/1578617204316442625
On the futility and cost of Poots' special military operation.
https://twitter.com/ChrisO_wiki/status/1578535591762747392
https://threadreaderapp.com/thread/1578535556061233152.html