Do they know its credit crunch time?
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8:22 am, February 15th, 2009 - 11 comments
Categories: economy, humour -
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Great video for the real victims of this recession, the ‘smartest men in the room’ who cocked everything up, the money-men.
Bleed the World/ Let them know it’s credit crunch time
11 comments on “Do they know its credit crunch time? ”
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- Antarctica New Zealand Board appointmentsForeign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner. The Minister has appointed Neville Harris as a new member of the Board. Mr ...2 days ago
- Finance Minister travels to Washington DCFinance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom. “I am looking forward to meeting with our Five Finance partners on how we can work ...2 days ago
- Pet bonds a win/win for renters and landlordsThe coalition Government has today announced purrfect and pawsitive changes to the Residential Tenancies Act to give tenants with pets greater choice when looking for a rental property, says Housing Minister Chris Bishop. “Pets are important members of many Kiwi families. It’s estimated that around 64 per cent of New ...2 days ago
- Long Tunnel for SH1 Wellington being consideredState Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the Government has also asked NZ Transport Agency (NZTA) to consider and provide advice on a Long Tunnel option, Transport Minister Simeon Brown ...2 days ago
- New Zealand condemns Iranian strikesPrime Minister Christopher Luxon and Foreign Minister Winston Peters have condemned Iran’s shocking and illegal strikes against Israel. “These attacks are a major challenge to peace and stability in a region already under enormous pressure," Mr Luxon says. "We are deeply concerned that miscalculation on any side could ...3 days ago
- Huge interest in Government’s infrastructure plansHundreds of people in little over a week have turned out in Northland to hear Regional Development Minister Shane Jones speak about plans for boosting the regional economy through infrastructure. About 200 people from the infrastructure and associated sectors attended an event headlined by Mr Jones in Whangarei today. Last ...5 days ago
- Health Minister thanks outgoing Health New Zealand ChairHealth Minister Dr Shane Reti has today thanked outgoing Health New Zealand – Te Whatu Ora Chair Dame Karen Poutasi for her service on the Board. “Dame Karen tendered her resignation as Chair and as a member of the Board today,” says Dr Reti. “I have asked her to ...5 days ago
- Roads of National Significance planning underwayThe NZ Transport Agency (NZTA) has signalled their proposed delivery approach for the Government’s 15 Roads of National Significance (RoNS), with the release of the State Highway Investment Proposal (SHIP) today, Transport Minister Simeon Brown says. “Boosting economic growth and productivity is a key part of the Government’s plan to ...5 days ago
- Navigating an unstable global environmentNew Zealand is renewing its connections with a world facing urgent challenges by pursuing an active, energetic foreign policy, Foreign Minister Winston Peters says. “Our country faces the most unstable global environment in decades,” Mr Peters says at the conclusion of two weeks of engagements in Egypt, Europe and the United States. “We cannot afford to sit back in splendid ...5 days ago
- NZ welcomes Australian Governor-GeneralPrime Minister Christopher Luxon has announced the Australian Governor-General, His Excellency General The Honourable David Hurley and his wife Her Excellency Mrs Linda Hurley, will make a State visit to New Zealand from Tuesday 16 April to Thursday 18 April. The visit reciprocates the State visit of former Governor-General Dame Patsy Reddy ...5 days ago
- Pseudoephedrine back on shelves for WinterAssociate Health Minister David Seymour has announced that Medsafe has approved 11 cold and flu medicines containing pseudoephedrine. Pharmaceutical suppliers have indicated they may be able to supply the first products in June. “This is much earlier than the original expectation of medicines being available by 2025. The Government recognised ...5 days ago
- NZ and the US: an ever closer partnershipNew Zealand and the United States have recommitted to their strategic partnership in Washington DC today, pledging to work ever more closely together in support of shared values and interests, Foreign Minister Winston Peters says. “The strategic environment that New Zealand and the United States face is considerably more ...5 days ago
- Joint US and NZ declarationApril 11, 2024 Joint Declaration by United States Secretary of State the Honorable Antony J. Blinken and New Zealand Minister of Foreign Affairs the Right Honourable Winston Peters We met today in Washington, D.C. to recommit to the historic partnership between our two countries and the principles that underpin it—rule ...5 days ago
- NZ and US to undertake further practical Pacific cooperationForeign Minister Winston Peters has announced further New Zealand cooperation with the United States in the Pacific Islands region through $16.4 million in funding for initiatives in digital connectivity and oceans and fisheries research. “New Zealand can achieve more in the Pacific if we work together more urgently and ...5 days ago
- Government redress for Te Korowai o WainuiāruaThe Government is continuing the bipartisan effort to restore its relationship with iwi as the Te Korowai o Wainuiārua Claims Settlement Bill passed its first reading in Parliament today, says Treaty Negotiations Minister Paul Goldsmith. “Historical grievances of Te Korowai o Wainuiārua relate to 19th century warfare, land purchased or taken ...6 days ago
- Focus on outstanding minerals permit applicationsNew Zealand Petroleum and Minerals is working to resolve almost 150 outstanding minerals permit applications by the end of the financial year, enabling valuable mining activity and signalling to the sector that New Zealand is open for business, Resources Minister Shane Jones says. “While there are no set timeframes for ...6 days ago
- Applications open for NZ-Ireland Research CallThe New Zealand and Irish governments have today announced that applications for the 2024 New Zealand-Ireland Joint Research Call on Agriculture and Climate Change are now open. This is the third research call in the three-year Joint Research Initiative pilot launched in 2022 by the Ministry for Primary Industries and Ireland’s ...6 days ago
- Tenancy rules changes to improve rental marketThe coalition Government has today announced changes to the Residential Tenancies Act to encourage landlords back to the rental property market, says Housing Minister Chris Bishop. “The previous Government waged a war on landlords. Many landlords told us this caused them to exit the rental market altogether. It caused worse ...6 days ago
- Boosting NZ’s trade and agricultural relationship with ChinaTrade and Agriculture Minister Todd McClay will visit China next week, to strengthen relationships, support Kiwi exporters and promote New Zealand businesses on the world stage. “China is one of New Zealand’s most significant trade and economic relationships and remains an important destination for New Zealand’s products, accounting for nearly 22 per cent of our good and ...6 days ago
- Freshwater farm plan systems to be improvedThe coalition Government intends to improve freshwater farm plans so that they are more cost-effective and practical for farmers, Associate Environment Minister Andrew Hoggard and Agriculture Minister Todd McClay have announced. “A fit-for-purpose freshwater farm plan system will enable farmers and growers to find the right solutions for their farm ...1 week ago
- New Fast Track Projects advisory group namedThe coalition Government has today announced the expert advisory group who will provide independent recommendations to Ministers on projects to be included in the Fast Track Approvals Bill, say RMA Reform Minister Chris Bishop and Regional Development Minister Shane Jones. “Our Fast Track Approval process will make it easier and ...1 week ago
- Pacific and Gaza focus of UN talksForeign Minister Winston Peters says his official talks with the United Nations Secretary-General Antonio Guterres in New York today focused on a shared commitment to partnering with the Pacific Islands region and a common concern about the humanitarian catastrophe in Gaza. “Small states in the Pacific rely on collective ...1 week ago
- Government honours Taranaki Maunga dealThe Government is honouring commitments made to Taranaki iwi with the Te Pire Whakatupua mō Te Kāhui Tupua/Taranaki Maunga Collective Redress Bill passing its first reading Parliament today, Treaty Negotiations Minister Paul Goldsmith says. “This Bill addresses the commitment the Crown made to the eight iwi of Taranaki to negotiate ...1 week ago
- Enhanced partnership to reduce agricultural emissionsThe Government and four further companies are together committing an additional $18 million towards AgriZeroNZ to boost New Zealand’s efforts to reduce agricultural emissions. Agriculture Minister Todd McClay says the strength of the New Zealand economy relies on us getting effective and affordable emission reduction solutions for New Zealand. “The ...1 week ago
- 110km/h limit proposed for Kāpiti ExpresswayTransport Minister Simeon Brown has welcomed news the NZ Transport Agency (NZTA) will begin consultation this month on raising speed limits for the Kāpiti Expressway to 110km/h. “Boosting economic growth and productivity is a key part of the Government’s plan to rebuild the economy and this proposal supports that outcome ...1 week ago
- New Zealand Biosecurity Awards – Winners announcedTwo New Zealanders who’ve used their unique skills to help fight the exotic caulerpa seaweed are this year’s Biosecurity Awards Supreme Winners, says Biosecurity Minister Andrew Hoggard. “Strong biosecurity is vital and underpins the whole New Zealand economy and our native flora and fauna. These awards celebrate all those in ...1 week ago
- Attendance action plan to lift student attendance ratesThe Government is taking action to address the truancy crisis and raise attendance by delivering the attendance action plan, Associate Education Minister David Seymour announced today. New Zealand attendance rates are low by national and international standards. Regular attendance, defined as being in school over 90 per cent of the ...1 week ago
- World must act to halt Gaza catastrophe – PetersForeign Minister Winston Peters has told the United Nations General Assembly (UNGA) in New York today that an immediate ceasefire is needed in Gaza to halt the ongoing humanitarian catastrophe. “Palestinian civilians continue to bear the brunt of Israel’s military actions,” Mr Peters said in his speech to a ...1 week ago
- Speech to United Nations General Assembly: 66th plenary meeting, 78th sessionMr President, The situation in Gaza is an utter catastrophe. New Zealand condemns Hamas for its heinous terrorist attacks on 7 October and since, including its barbaric violations of women and children. All of us here must demand that Hamas release all remaining hostages immediately. At the ...1 week ago
- Government woolshed roadshow kicks offToday the Government Agriculture Ministers started their national woolshed roadshow, kicking off in the Wairarapa. Agriculture Minister Todd McClay said it has been a tough time for farmers over the past few years. The sector has faced high domestic inflation rates, high interest rates, adverse weather events, and increasing farm ...1 week ago
- PM heads to Singapore, Thailand, and PhilippinesPrime Minister Christopher Luxon will travel to Singapore, Thailand and the Philippines this week (April 14-20), along with a senior business delegation, signalling the Government’s commitment to deepen New Zealand’s international engagement, especially our relationships in South East Asia. “South East Asia is a region that is more crucial than ever to ...1 week ago
- Prime Minister launches Government TargetsPrime Minister Christopher Luxon has announced further steps to get New Zealand back on track, launching nine ambitious Government Targets to help improve the lives of New Zealanders. “Our Government has a plan that is focused on three key promises we made to New Zealanders – to rebuild the economy, ...1 week ago
- Natural hydrogen resource should be free of Treaty claims entanglementNatural hydrogen could be a game-changing new source of energy for New Zealand but it is essential it is treated as a critical development that benefits all New Zealanders, Resources Minister Shane Jones says. Mr Jones is seeking to give regulatory certainty for those keen to develop natural, or geological, ...1 week ago
- Let the games begin – coalition negotiations underway in Honiara
By Koroi Hawkins, RNZ Pacific editor in Honiara Polls have opened today in Solomon Islands. “Today is polling day. Polling Station opens at 7 am and closes at 4 pm. Be at the correct polling station and be in the voting line before 4 pm,” a text message from the ...19 mins ago - Government Spending Still Driving Cost Of Living Skyward
Responding to today’s release of the latest Consumer Price Index (CPI) figures, Taxpayers’ Union Policy and Public Affairs Manager, James Ross, said: “Domestic inflation is still punishing Kiwis, with non-tradeable inflation – the aspect most ...37 mins ago - Annual Inflation At 4.0 PercentNew Zealand's consumers price index increased 4.0 percent in the 12 months to the March 2024 quarter, according to figures released by Stats NZ today. The 4.0 percent increase follows a 4.7 percent increase in the 12 months to the December 2023 quarter. ...40 mins ago
- Review: Don’t let ‘based on a video game’ put you off Fallout
A gaming novice explains why you should watch the latest big video game adaptation to hit our screens. Gamers, avert your eyes. The extent of my gaming experience is graduating from Sims University in lieu of finishing my master’s degree, and you’re about to read what I thought about the ...1 hour ago - Two wheels, to where? Exploring the North Shore by bikeWe spoke with three people from the North Shore about why they love to cycle, and their favourite cycle routes. The North Shore of Tāmaki Makaurau has many cycleways and green parks to choose from. The biking community in the area is relatively large, and the occasional bike on the ...1 hour ago
- Job cuts at Oranga Tamariki hit more than 400 roles
More than 400 jobs are likely to go at the children's ministry, RNZ understands. ...1 hour ago - Women MPs Acknowledge Report Highlighting Increased Harassment Of MPs“The research reflects the real experiences of women in politics, and I would like to acknowledge the mahi by the researchers in highlighting this,” Ikaroa-Rawhiti MP Cushla Tangaere-Manuel said. ...2 hours ago
- Choice and control: the NDIS was designed to give participants choice, but mandatory registration co...Source: The Conversation (Au and NZ) – By Sam Bennett, Disability Program Director, Grattan Institute Shutterstock/Benjamin Crone Many Australians with disability feel on the edge of a precipice right now. Recommendations from the disability royal commission and the NDIS review were released late last year. Now a draft NDIS ...3 hours ago
- Introducing some of our 100 new sea friendsA scientific expedition has found 100 previously unknown New Zealand marine species. Who are these creatures from the depths of the Bounty Trough? A big lipped, dark eyed, slimy limp fish. A juicy, elongated orb with 16 little legs, four bouncing from its topside and a mouth pouting with stubby ...3 hours ago
- Is a 24-hour Home and Away channel the answer to subscription fatigue?Source: The Conversation (Au and NZ) – By Alexa Scarlata, Research Fellow, Media & Communications, RMIT University Do you find yourself endlessly scrolling through streaming channels, wondering what to watch among the hundreds (or thousands) of options? Do you worry about spending more money on yet another subscription just to ...3 hours ago
- Light pollution affects coastal ecosystems too – this underwater ‘canary’ is warning of the im...Source: The Conversation (Au and NZ) – By Kathleen Laura Sterup, Postgraduate in Marine Biology, Te Herenga Waka — Victoria University of Wellington Wikimedia Commons/Luca Davenport-Thomas, CC BY-SA In the early 20th century, canaries were used as early warning systems in coal mines to alert miners to rising levels ...3 hours ago
- Biden is cancelling millions of student debts – here’s what to expect from AlbaneseSource: The Conversation (Au and NZ) – By Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University So weighed down have Americans become by student debt, and so potent a political issue has it become in the US, that President Biden plans to waive interest or write ...3 hours ago
- Melissa Lee ‘really, really happy’ about deal to keep the news on ThreeStuff will provide a news service for Warner Brothers Discovery on Three. As the industry awaits much-anticipated work to address sector-wide issues, the responsible minister says she’s very happy about the deal. News to continue but job losses likely to be significant News will continue ...4 hours ago
- Contractor and consultant bill still high in police and NZTAThe government is pushing to cut spending, but money was still going out of non-core areas in the latest figures. ...5 hours ago
- Stuff takes a big risk on Newshub
The bosses of Stuff and TV3 have been lauding their newly minted deal as a win for democracy and something to celebrate during a grim period for local media. While it is true that a slimmed down news service on Three is better than nothing, it is hardly strengthening our ...6 hours ago - Abuse of MPs increased to 98% in 2022 – studyHarassment of MPs increased on nearly every measure over eight years, with 98 percent now reporting some kind of harassment, a study has found. ...6 hours ago
- Public service cuts: Number of job losses set to rise to more than 2000Oranga Tamariki and the Ministry of Education are to make announcements about their plans for meeting demands to save money. ...6 hours ago
- Massey takes risk in bid for international studentsCash-strapped Massey University is taking a risk in Singapore, as it looks for ways to claw back lucrative international students The post Massey takes risk in bid for international students appeared first on Newsroom. ...6 hours ago
- Could Te Kuha coal mine be a candidate for ‘goodbye Freddy’?Expert evidence gathered over years shows what might be lost if a proposed West Coast coal mine gets Government approval The post Could Te Kuha coal mine be a candidate for ‘goodbye Freddy’? appeared first on Newsroom. ...6 hours ago
- Why aren’t vulnerable babies being protected from RSV in Aotearoa?Each year, hundreds of New Zealand babies are hospitalised with this common respiratory virus, and health experts are concerned that preventative drugs used overseas are not being funded here. As winter approaches and people spend more time indoors, respiratory viruses start circulating. One common bug is RSV, or respiratory syncytial ...7 hours ago
- Govt urged to protect seabirds on the brink of extinctionAlbatross are being accidentally caught and killed by NZ fishing vessels at a rate 350 percent higher than previously reported The post Govt urged to protect seabirds on the brink of extinction appeared first on Newsroom. ...7 hours ago
- Australia’s cash availability crisis creating an NZ monopolyHit by low demand for physical money, Australian cash-in-transit giant Armaguard is selling its NZ wing after rejecting an A$26m bailout The post Australia’s cash availability crisis creating an NZ monopoly appeared first on Newsroom. ...7 hours ago
- What the Post Office scandal can teach the Christchurch attacks inquiryOpinion: It only needs one person to stand up against injustice, but it requires a culture of inquiry for the truth to come out The post What the Post Office scandal can teach the Christchurch attacks inquiry appeared first on Newsroom. ...7 hours ago
- Health education contracts on the chopping blockPharmac has opted not the renew the contract for educational resource He Ako Hiringa The post Health education contracts on the chopping block appeared first on Newsroom. ...7 hours ago
- Olympic sailor doubles as Am Cup gamerAs a kid, Erica Dawson never owned one of those annoying little Tamagotchi digital pets. As a teen, she wasn’t the slightest bit interested in home video games and wasn’t addicted to playing Angry Birds on her phone, either. But now, on the cusp of entering her 30s, Dawson has ...7 hours ago
- Daily crossword, Wednesday 17 AprilThe post Daily crossword, Wednesday 17 April appeared first on Newsroom. ...7 hours ago
- Newsroom daily quiz, Wednesday 17 AprilLoading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('A[quiz],DIV[quiz],A[data-quiz],DIV[data-quiz]'); if(ql){if(ql.length){for(var k=0;k<ql.length;k++){ql[k].id='quiz-embed-'+k;ql[k].href="javascript:var i=document.getElementById('quiz-embed-"+k+"');try{qz.startQuiz(i)}catch(e){i.start=1;i.style.cursor='wait';i.style.opacity='0.5'};void(0);"}}};i['QP']=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,'script','https://take.quiz-maker.com/3012/CDN/quiz-embed-v1.js','qp'); Got a good quiz question? Send Newsroom your questions. The post Newsroom daily quiz, Wednesday 17 April appeared first on Newsroom. ...7 hours ago
- From colour to climate change – a scientist’s journeyOpinion: I find myself now spending most of my academic retirement period explaining the science behind climate change to my local communities. What was the life journey that brought me to this role? As a young child I remember being fascinated first thing in the morning by the pure blues ...7 hours ago
- The dark side of the beauty industryThere is nothing to stop someone from buying a laser machine online and setting up a shop offering treatments for skin. Or injecting derma filler into a client’s face. No qualifications are needed for either treatment, but when it goes wrong the results can be life changing, even life threatening. ...7 hours ago
- 14 (!) crucial questions about Stuff replacing Newshub, asked and (mostly) answeredBased on interviews with the heads of Stuff and Warner Bros Discovery, along with staff across both organisations, Duncan Greive presents an in-depth primer on the biggest news media deal in years. With additional reporting by Stewart Sowman-Lund Why did Stuff win out over NZME? This is in many ways ...7 hours ago
- Critical minerals receive multi-million dollar support under Future Made in Australia policySource: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Two major critical minerals projects in Queensland and South Australia are to receive hundreds of millions of dollars in federal government loans as part of the Albanese government’s new Future Made in Australia policy. ...10 hours ago
- Water theft laws and penalties in the Murray-Darling Basin are a dog’s breakfast. Here’s how we ...Source: The Conversation (Au and NZ) – By Adam James Loch, Associate Professor, University of Adelaide Water is one of Australia’s most valuable commodities. Rights to take water from our nation’s largest river system, the Murray-Darling Basin, are worth almost A$100 billion. These rights can be bought and sold or ...13 hours ago
- Massey University signs agreement confirming plan to set up Singapore branchMassey University says its Singapore campus will provide education services to students who do not want to study in New Zealand. ...14 hours ago
- After a second knife attack in Sydney, how can parents talk to their kids and help them feel safe?Source: The Conversation (Au and NZ) – By Elizabeth Westrupp, Associate Professor in Psychology, Deakin University In the space of three days, there have been two devastating knife attacks in Sydney. Your child may have seen these on the news or social media. Or they might be hearing about it ...16 hours ago
- Why is the Sydney church stabbing an act of terrorism, but the Bondi tragedy isn’t?Source: The Conversation (Au and NZ) – By Greg Barton, Chair in Global Islamic Politics, Alfred Deakin Institute for Citizenship and Globalisation, Deakin University Just days after the deadly Westfield Bondi attacks, a second knife attack in Sydney has generated widespread shock and grief. This time, a 16-year-old entered an ...16 hours ago
- Masses of scalloped hammerheads have returned to one of Australia’s busiest beaches. But we don’...Source: The Conversation (Au and NZ) – By Olaf Meynecke, Research Fellow in Marine Science and Manager Whales & Climate Program, Griffith University A juvenile hammerhead at Burleigh Beach, watched by snorkellers Olaf Meynecke, CC BY-NC-ND For the second year in a row, over 100 hammerheads have gathered at one ...17 hours ago
- Have New Zealanders been misled about AUKUS, is involvement a foregone conclusion?Analysis - New Zealand involvement in pillar two of the military deal would represent a seismic shift. ...17 hours ago
- How the Lehrmann v Channel 10 defamation case shone an unflattering light on commercial news gatheri...Source: The Conversation (Au and NZ) – By Denis Muller, Senior Research Fellow, Centre for Advancing Journalism, The University of Melbourne Network Ten and Lisa Wilkinson’s victory in the defamation action brought against them by Bruce Lehrmann is the second big win inside a year for the Australian media using ...18 hours ago
- Pharmacists should be able to dispense nicotine vapes without a prescription. Here’s whySource: The Conversation (Au and NZ) – By Coral Gartner, Director, NHMRC Centre of Research Excellence on Achieving the Tobacco Endgame, The University of Queensland Zamrznuti tonovi/Shutterstock The Australian government is currently considering a bill to implement the next stage of reforms to vaping regulation. At present, vaping products ...18 hours ago
- For 600 years the Voynich manuscript has remained a mystery. Now we think it’s partly about sexSource: The Conversation (Au and NZ) – By Keagan Brewer, Macquarie University Research Fellow, Macquarie University Yale University Library The Voynich manuscript has long puzzled and fascinated historians and the public. This late-medieval document is covered in illustrations of stars and planets, plants, zodiac symbols, naked women, and blue ...19 hours ago
- Can AI read our minds? Probably not, but that doesn’t mean we shouldn’t be worriedSource: The Conversation (Au and NZ) – By Sam Baron, Associate Professor, Philosophy of Science, The University of Melbourne Iconic Bestiary / Shutterstock Earlier this year, Neuralink implanted a chip inside the brain of 29-year-old US man Noland Arbaugh, who is paralysed from the shoulders down. The chip has ...20 hours ago
- 5 reasons why the Fast-track Approvals Bill threatens NZ’s already fragile ecosystemsSource: The Conversation (Au and NZ) – By Margaret Stanley, Professor of Ecology, University of Auckland, Waipapa Taumata Rau Getty Images Conservation “good news” stories – the release of native birds into new habitats, for example – are always welcome. They recognise the work of conservation staff and volunteers ...20 hours ago
- Stuff to provide news bulletins to replace Newshub on ThreeBy Colin Peacock, RNZ Mediawatch presenter Warner Bros Discovery has done a deal with Stuff to provide news to replace Newshub. It will keep news on TV channel Three from July 6 and help Three retain some viewers. It also means important income for Stuff, but it will also stretch ...20 hours ago
- Stuck in fight-or-flight mode? 5 ways to complete the ‘stress cycle’ and avoid burnout or depres...Source: The Conversation (Au and NZ) – By Theresa Larkin, Associate professor of Medical Sciences, University of Wollongong Shutterstock Can you remember a time when you felt stressed leading up to a big life event and then afterwards felt like a weight had been lifted? This process – the ...21 hours ago
- Ministry of Education job cuts may affect school lunch programmeThere is concern the team delivering the programme could be halved, while RNZ has also been told it will be "decimated". ...21 hours ago
- From forced kisses to power imbalances, violence against women in sport is endemicSource: The Conversation (Au and NZ) – By Fiona Giles, Research Fellow, La Trobe Rural Health School, La Trobe University Former Spanish football federation chief Luis Rubiales may face significant consequences for his non-consensual kiss of Spanish soccer star Jenni Hermoso. But this is not the norm for perpetrators ...21 hours ago
- As China’s influence on Pacific media intensifies, Australia can’t afford to lose the region’s...Source: The Conversation (Au and NZ) – By Lucy Morieson, Lecturer in Politics and Communication , RMIT University When the people of Solomon Islands go to the polls on Wednesday, they will be voting for more than just a new prime minister. The election will also be a referendum on ...21 hours ago
- The best moments from the outrageous final episodes of MAFS AUFrom the Jono and Ellie bombshell to the return of Collins, we look at back at the final episodes of Married at First Sight Australia 2024. When John Aiken told us back in February that we were in for a “quite shocking” season of Married at First Sight Australia, little ...21 hours ago
- Expanding Coal Mining In 21st Century An “absurd, Selfish Decision” Says WWFResources Minister Shane Jones announced today that the Government will ease the consenting process for setting up new coal mines or expanding existing ones. ...22 hours ago
- The Boy in the Water nominated for best podcastNewsroom has received five nominations for the 2024 Voyager Media Awards, including best podcast for Melanie Reid’s popular nine-part in depth investigation The Boy in the Water. ReadingRoom’s Steve Braunias has been nominated for best columnist, opinion or critique, and Aaron Smale is up for the Te Tohu Kairangi award. ...22 hours ago
- Watch: Christopher Luxon faces questions in SingaporeThe Prime Minister is speaking to media on his second day of a tour around South East Asia. ...22 hours ago
- Watch live: Christopher Luxon faces questions in SingaporeThe Prime Minister is speaking to media on his second day of a tour around South East Asia. ...23 hours ago
- How The Lost Boys of Dilworth brought a ‘horrendous nightmare’ to lifeAlex Casey talks to the makers of TVNZ’s new docudrama retelling the stories of Dilworth survivors. This story contains reference to sexual abuse, please take care. When she first saw the child actors that would be playing the young versions of Dilworth survivors, Mary Durham nearly burst into tears on ...23 hours ago
- Pro-independence activist issues dire warning to France over Kanaky New CaledoniaBy Lydia Lewis, RNZ Pacific journalist A pro-independence activist in New Caledonia is warning France to immediately halt its planned constitution amendments or face “war”. The call for a u-turn follows proposed constitutional changes to voting rights which could push the number of eligible anti-independence voters up. Pacific Independence Movement ...23 hours ago
- The last days of motorsport at Pukekohe Park Raceway | Checkered Flag | The SpinoffIn the final months of the Pukekohe Park Raceway, the father and daughter duo managing the grassroots racecourse want to give everyone a last chance to go fast. This asphalt has been a part of New Zealand’s motorsport community and history for 60 years. Checkered Flag is made with the ...23 hours ago
- Watch: David Seymour announces early childhood education centre changesACT's leader read to children while sitting next to a book featuring Jacinda Ardern, before telling reporters the former prime minister was an authoritarian. ...24 hours ago
- Smaller agencies cutting deepest into staffing, data to date showsSmaller agencies are making deepest cuts as they look to save costs, RNZ data shows. ...24 hours ago
- The last days of motorsport at Pukekohe Park RacewayIn Checkered Flag, the father and daughter duo managing the Pukekohe Park Raceway want to give everyone one last chance to go fast before its closure. Since it opened in 1962, the Pukekohe Park Raceway has hosted the New Zealand Grand Prix, the Tasman Series, and Supercar Championships as ...24 hours ago
- Labour Productivity Falls 0.9 PercentLabour productivity fell 0.9 percent in the year ended March 2023, according to figures released by Stats NZ today. The 0.9 percent fall in labour productivity was the largest fall since 2009. It follows a rise of 1.0 percent in the year ended March ...1 day ago
- Shane Jones Throws A Lump Of Coal To The Mining LobbyistsCoal Action Network Aotearoa (CANA), the national organisation campaigning for an end to coal mining and coal use, says Resources Minister Shane Jones needs to understand the world has moved on from the industrial revolution, and coal - and siding with ...1 day ago
- Jeepers creepers: the climbing cost of climate change compoundsKiwibank chief economist Jarrod Kerr explains what effect climate change will have on inflation, housing and policy – and whether there’s a way out. Climate change. It’s a gigantic force and it’s coming into play at a time when New Zealand is already struggling with inflation. We’ve gone from a ...1 day ago
- New deal intends to make trade with Singapore simplerCustoms has signed a cooperation agreement with its Singaporean counterpart. ...1 day ago
- Will pet bonds really be a win-win? I’m not holding my breathMaking it easier for people with pets to find rentals is a good thing. But the pet bonds policy is just one proposal in a suite of many that overwhelmingly favour landlords’ rights, argues Kristin Kelly. Renting in New Zealand, generally speaking, sucks. At the time of the last census, ...1 day ago
- Shane Jones announces easier coal mine consentingThe Resources Minister says changes to coal mine consenting will reduce barriers to extraction. ...1 day ago
- How a global crisis, drift racing and Memphis hip-hop gave us phonk – the music of the TikTok gene...Source: The Conversation (Au and NZ) – By Andy Ward, Senior Lecturer in Music, School of Business and Creative Industries, University of the Sunshine Coast Shutterstock What’s that sound you hear – a combination of down-tempo hip-hop, menacing bass, distorted drums and plucky synths? It’s phonk! Still ...1 day ago
- Watch live: David Seymour announces early childhood education centre changesThe government has announced changes to the ECE sector, which it says will make it easier for new centres to be set up. ...1 day ago
- The cost of being: A skint student waiting anxiously to start a new jobAs part of our series exploring how New Zealanders live and our relationship with money, a 30-year-old who’s just finished his studies will be breathing a sigh of relief when that first paycheck comes in. Gender: Male Age: 30 Ethnicity: Māori/European Role: Student/trainee, volunteer for a youth organisation. Salary/income/assets: Me: $400pw ...1 day ago
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I have long argued that if a society cannot afford to allow an enterprise to fail, then by definition it should be publically owned. Money supply is an essential public infrastructure, as is water, electricity, roads, telecoms and the like.
A publically owned and controlled banking sector is probably not hugely less prone to failure than the current system, but if and when collapse does occur at least we would not finish up ‘privatising the gains and socialising the losses’ as we are right now.
The correct answer is the abolition of privately held banks, and all creation of money supply to be a function of central govt. That would be a revolution worth having.
Privatise housing too!!!!!!!!
Nationalise housing too!!!!!!!!
Ghostie you might want to change your username, we moderate for the word “Stalin” to keep out right-wing trollls so you’ll find yourself caught in the spam filter every time.
Hey that’s pretty funny for a left wing site. Free of the usual sneering condescending smugness that typifies most of the so called humour that comes from the left. I like the way it takes the piss out of the supercilious pseudo liberal fuckwits who starred in the original.
Thanks for the smile.
“I have long argued that if a society cannot afford to allow an enterprise to fail, then by definition it should be publically owned”
Yes Redlogix, gummint owned ‘enterprises” whether they’re banks or electricity supply networks, never fail. Check out the S*vi*t Union, or for its modern day equivalent, California. You pitiful reality denying m*r*n.
Jesus mother of god, what for chrissakes is triggering the filter in that?? I put asteriks in everything I thought you might interpret as “inappropriate”
RB,
For pity’s sake man read the post before commenting on it. You selectively quote my first para, and then ignore my second where I explicity acknowledge the fact that publically owned institutions can and do fail. You used to be better than this sort of schoolboy howler.
Morever in the context of this crisis, it is highly plausible to speculate that more conservatively run public institutions may well have avoided the gross and excess risk that has turned a relatively minor problem with US sub-prime mortgages into a global meltdown.
And Cailfornia is failing because successive polly’s have outbid each other promising more services and lower taxes to the point where they have simply bankrupted their own state with their own venal stupidity. (Helped along by lots of venal gullible voters who kept on voting for it of course.)
“For pity’s sake man read the post before commenting on it. You selectively quote my first para, and then ignore my second where I explicity acknowledge the fact that publically owned institutions can and do fail.”
I read it, but I couldn’t factor it into my comment as it is self contradictory rubbish.
..and I’m not commenting on the rest of your worthless opinion for the reason that its pointless trying to debate with some damn fool whose vision of reality is almost completely defeated by the red mist that envelops his brain. California voters, the m*r*ns who elected the dumbf*ck RINO Schwarzneggar, are among the most ‘progressive’ in the States, and the idea that the state’s sorry end is the result of any right wing ideas is so far detached from reality its is utterly and completely insane.
I read it, but I couldn’t factor it into my comment as it is self contradictory rubbish.
That’s feeble. Even you know perfectly well what I mean. Or are you determined to turn into a dribbling parody of even yourself? Because that’s plain sad.
All enterprises whether private or public can and do from time to time fail. Let’s go with a simple version. Imagine that you have a company supplying water to a city. There is only one good economic source locally and these dudes have a natural monopoly. Of course they run their business day to day quite well, charging what the market will stand, for a product that customers will buy, with the honorable purpose of maximising their shareholder’s profits. All well and good.
But lying in a filing cabinet somewhere is an engineer’s report detailing how even a mild earthquake could put vital plant and equipment out of commission. The Board chooses to maximise short-term profit and ignores the recommendations. Hell there hasn’t been a quake here for a hundred years. And then of course one day it happens and the water goes off. The bill to fix damaged plant runs into hundreds of millions, and the company has not the resources or capacity to fund it. The city MUST have the water, and soon… so the taxpayer/customer base finishes up bailing out the company to get the plant up and running ASAP.
What has happened here is pure theft. The company directors and shareholders pocketed and spent the profits in the good times, but pushed the losses onto everyone else when inevitably the bad times arrived.
Now of course a publically owned water supply utility could have equally made the same mistake over the engineering risks involved, and need the same injection of funds post-quake…. but at least no gross theft of public money’s would have been involved.
As is happening right now in the banking business. (With RB’s blessings no doubt.)
defeated by the red mist that envelops his brain sayeth RB of RL..
Dude, tryest thou thine brain cells without blood and its vapors thereabouts..
Helpfully, howse about you substitute an ‘a’ for the first ‘e’ in yo name here. That way we’ll all get the greatest benefit of yo irradiating power/s.