Business confidence and Christchurch
Written By:
- Date published:
9:02 am, April 1st, 2011 - 6 comments
Categories: business, disaster -
Tags: business confidence, christchurch rebuilding
I take polls with a healthy grain of salt. I take polls of “business confidence” with a whole salt shaker. None the less, this latest poll expresses concerns that seem to be well founded:
NZ business confidence plummets
New Zealand business confidence plummeted this month, and while the decline was worst in Canterbury, the latest survey shows gloom has set in nationwide following the devastating earthquake.
A net 8.7 per cent of businesses expect worse times ahead, according to the National Bank Business Outlook, a turnaround from last month’s survey where a net 34.5 per cent were upbeat about the next 12 months. That marks the second-largest monthly drop in the survey’s history.
A wave of gloom has seen profit expectations evapourate and firms expecting to shed jobs. The downbeat tone was led by the Canterbury region, where headline confidence tumbled 92 points and firms’ expectations of their own activity slumped to a negative 8 per cent from a net 47 per cent positive. The business survey follows the quarterly measure of consumer confidence, which tumbled into negative territory on the back of the quake.
“The implication is simple – this is far from a local issue,” said National Bank chief economist Cameron Bagrie. “It’s an economy-wide challenge. Facing exceptional times we should hardly be surprised to see exceptional movements in confidence.”
Christchurch is our second largest city. Many businesses have not yet reopened, and many never will. That affects trade, and supply & demand relationships all around the country. About a third of the Christchurch workforce are not currently working, and a huge number will lose their jobs permanently. That affects the customer base of businesses all around the country. These cold hard realities are starting to sink in. No wonder confidence is falling.
At this time in our history we need government leadership like we have never needed it before. But the signs aren’t good. Even usually friendly jounos are calling Brownlee’s Canterbury Earthquake Recovery Agency (CERA) a “catastrophe”. We’re 5 weeks out from the quake, but CERA still won’t even exist for weeks, and Mayor Bob Parker is conceding that “it would be next year before any significant construction could begin”. English and Key don’t seem to agree on how the recovery should be paid for. The emergency package that is supporting those out of work is being wound back (which is really going to help a city on the edge).
In the midst of all the Nats claim to be optimistic about growth. But these are the same Nats who promised us an “aggressive recovery” that would bring us “roaring out of recession”, and instead flatlined the economy and (with some help from the quake) drove us in to an all time record budget deficit. So when it comes to their judgement on the economy, I wouldn’t hold my breath.
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- Opportunity to build a more sustainable economyGreen 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. ...2 weeks ago
- Significant step forward in fixing cruel and unjust pastA 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. ...2 weeks ago
- Missed opportunity but NZ will surely one day recognise the right to a sustainable environmentNew 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. ...2 weeks ago
- Release: Don’t cut our lunches – clear message sent to GovernmentTens of thousands of people are demanding the Government commits to fully funding free and healthy school lunches. ...2 weeks ago
- Release: Govt makes U-turn on Suicide Prevention OfficeLabour welcomes the Government’s U-turn on the closure of the Suicide Prevention Office, says Labour Mental Health spokesperson Ingrid Leary. ...2 weeks ago
- CCC issues warning over further climate delayToday’s advice from the Climate Change Commission paints a sobering reality of the challenge we face in combating climate change, especially in light of recent Government policy announcements. ...2 weeks ago
- Luxon targets lame and lousy example of leadershipIf talk is cheap, Chris Luxon’s “targets” are bankrupt. ...2 weeks ago
- Luxon targets are lousy example of leadershipIf talk is cheap, Chris Luxon’s “targets” are bankrupt. ...2 weeks ago
- Release: Commitment to disability communities missing from Govt prioritiesMinister for Disability Issues Penny Simmonds appears to have delayed a report back to Cabinet on the progress New Zealand is making against international obligations for disabled New Zealanders. ...2 weeks ago
- Methane target review is dangerous duplicationThe Government’s newly announced review of methane emissions reduction targets hints at its desire to delay Aotearoa New Zealand’s urgent transition to a climate safe future, the Green Party said. ...3 weeks ago
- Anzac Commemorative Address – Dawn Service, Gallipoli, Türkiye
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 ...1 hour ago - PM announces changes to portfoliosPaul 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 ...1 day ago
- New catch limits for unique fishery areasRecreational 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 ...1 day ago
- Minister welcomes hydrogen milestoneEnergy 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 ...2 days ago
- Urgent changes to system through first RMA Amendment BillThe 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 ...2 days ago
- Overseas decommissioning models consideredOverseas 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 ...2 days ago
- Release of North Island Severe Weather Event InquiryEmergency 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 ...2 days ago
- Justice Minister to attend Human Rights CouncilJustice 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 ...3 days ago
- Patterson reopens world’s largest wool scouring facilityAssociate 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 ...3 days ago
- Speech to the Southland Otago Regional Engineering Collective Summit, 18 April 2024Hon 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 ...3 days ago
- Government to introduce revised Three Strikes lawThe 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 ...3 days ago
- New diplomatic appointmentsForeign 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 ...3 days ago
- Humanitarian support for Ethiopia and SomaliaNew 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 ...3 days ago
- Arts Minister congratulates Mataaho CollectiveMinister 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 ...4 days ago
- Supporting better financial outcomes for KiwisThe 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 ...4 days ago
- Trade relationship with China remains strong“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 ...4 days ago
- PM’s South East Asia mission does the businessPrime 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 ...5 days ago
- $41m to support clean energy in South East AsiaNew 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 ...6 days ago
- Minister releases Fast-track stakeholder listThe 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 ...6 days ago
- Judicial appointments announcedAttorney-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 ...6 days ago
- Education Minister heads to major teaching summit in SingaporeEducation 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 ...6 days ago
- Value of stopbank project proven during cycloneA 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 ...6 days ago
- Anzac commemorations, Türkiye relationship focus of visitForeign 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 ...6 days ago
- Minister to Europe for OECD meeting, Anzac DayScience, 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 ...6 days ago
- Comprehensive Partnership the goal for NZ and the PhilippinesPrime 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 ...7 days ago
- Government commits $20m to Westport flood protectionThe 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 ...7 days ago
- Taupō takes pole positionThe 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 ...7 days ago
- Cost of living support for low-income homeownersLocal 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 ...1 week ago
- Government backing mussel spat projectThe 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 - ...1 week ago
- Government focused on getting people into workBenefit 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 ...1 week ago
- Clean energy key driver to reducing emissionsThe 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 ...1 week ago
- Earthquake-prone buildings review brought forwardThe 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 ...1 week ago
- Thailand and NZ to agree to Strategic PartnershipPrime 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 ...1 week ago
- Government consults on extending coastal permits for portsRMA 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 ...1 week ago
- Inflation coming down, but more work to doToday’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...1 week ago
- School attendance restored as a priority in health adviceRefreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...1 week ago
- Unnecessary bureaucracy cut in oceans sectorOceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...1 week ago
- Patterson promoting NZ’s wool sector at International CongressAssociate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector. "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...1 week ago
- Removing red tape to help early learners thriveThe Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...1 week ago
- RMA changes to cut coal mining consent red tapeChanges to the Resource Management Act will align consenting for coal mining to other forms of mining to reduce barriers that are holding back economic development, Resources Minister Shane Jones says. “The inconsistent treatment of coal mining compared with other extractive activities is burdensome red tape that fails to acknowledge ...1 week ago
- ‘It bucked our lads up wonderfully’: the lightning-quick battle that marked the birth of the US-...
Source: The Conversation (Au and NZ) – By Meighen McCrae, Associate Professor of Strategic & Defence Studies, Australian National University American and Australian stretcher bearers working together near the front line during the Battle of Hamel in 1918. Australian War Memorial While the AUKUS alliance is new, the Australian-American partnership ...48 mins ago - GCSB refuses to release details of spy deal 'to protect interests'
The spy agency is refusing to release a copy of its deal with a foreign agency to run a secret operation out of this country. ...2 hours ago - Die In for Palestine Marks ANZAC day
Pōneke based peace activists staged a silent protest at the ANZAC day service to highlight New Zealand’s complicity in war and genocide, and urge the government to take concrete steps to stop the genocide in Palestine. ...2 hours ago - Ancient nomads you’ve probably never heard of disappeared from Europe 1,000 years ago. Now, DNA an...Source: The Conversation (Au and NZ) – By Magdalena M.E. Bunbury, Postdoctoral Researcher, James Cook University Burial with a horse at the Rákóczifalva site, Hungary (8th century AD). Sándor Hegedűs, Hungarian National Museum, CC BY How do we understand past societies? For centuries, our main sources of information have been ...4 hours ago
- Don’t mention the war: On grandparents and Anzac biscuits
Amanda Thompson doesn’t really do Anzac Day. But what she does do is remember the people she knew who had a lifetime to remember stuff they didn’t really want to, because of a war they didn’t ask for. And she does make Anzac biscuits. First published in 2021. All my ...4 hours ago - If plastic manufacturing goes up 10%, plastic pollution goes up 10% – and we’re set for a huge ...Source: The Conversation (Au and NZ) – By Kathryn Willis, Postdoctoral Researcher, CSIRO Xavier Boulenger/Shutterstock In the two decades to 2019, global plastic production doubled. By 2040, plastic manufacturing and processing could consume as much as 20% of global oil production and use up 15% of the annual carbon ...5 hours ago
- Governor-General's Anzac Day Dawn Service AddressWith our collective remembrance, and steadfast belief in our common humanity, we strengthen our hope and resolve to do what we can to foster dialogue and understanding, and to heal divisions in our pursuit of peace. ...5 hours ago
- Angling-Conservation Group Sees Fast Track Bill As UndemocraticPrincipal reasons for the opposition is the loss of the public’s democratic right to have “a fair say” and the vital need for a government free from corruption, said Casey Cravens of Dunedin, president of the New Zealand Federation of Freshwater ...5 hours ago
- Remembering the great TrueBliss vs Bardot national anthem sing-offNever mind the scoreboard – in the 2000 Bledisloe Cup decider, the real trans-Tasman battle was won before kickoff. First published in 2016. The dawn of the new millennium was a dark time for the All Blacks. Their final game pre-Y2K was a 22-18 loss to South Africa in the ...5 hours ago
- Help Me Hera: Do I even want the public sector job I might be about to lose?I’m on the wrong side of 40, I never pursued creative work and now my job is killing my soul. Help! Want Hera’s help? Email your problem to helpme@thespinoff.co.nz Dear Hera, May I start with the least original conversation opener you’re likely to hear around the motu at the moment, particularly in Wellington: ...7 hours ago
- ANZAC Day Wreath Calls For No Future Deaths From AUKUS“Never again - No AUKUS” was the message of the wreath laid at this morning’s national ANZAC Day commemorative service at Pukeahu National War Memorial Park this morning by the Stop AUKUS group. ...8 hours ago
- Swimmer does everything and more to get to Paris
Until this month, Auckland swimmer Hazel Ouwehand had never met a qualifying time in an Olympic event for a New Zealand team, even as a junior. Now she’s very likely off to the Paris Olympics after swimming well under the qualifying standard in the 100m butterfly twice – both in ...10 hours ago - Seize the dayWhile Anzac Day has experienced a resurgence in recent years, our other day of remembrance has slowly faded from view. The Sunday Essay is made possible thanks to the support of Creative New Zealand. Original illustrations by Hope McConnell. First published in 2022. The high school’s head girl and ...10 hours ago
- The first, forgotten Anzacs, more than 50 years before GallipoliAustralian and New Zealand volunteers fought together in the Waikato War, yet still its place in the Anzac tradition is unacknowledged by our defence forces or Returned Services Association. First published in 2018. When I was a boy cub I attended Anzac Day services in the South Auckland suburb of ...10 hours ago
- Poem for Anzac Day: ‘Hoki Mai’ by Tayi TibbleA poem by Wellington writer Tayi Tibble. Hoki Mai She kisses him goodbye with her eyes still wet and alight from their last swim in the Awatere river. At the train station celebration, she leads the Kapa Haka but her voice keeps breaking under and over itself like waves. ...11 hours ago
- Poem for Anzac Day: ‘My World War I Poem’ by Bill ManhireA poem from Bill Manhire’s 2017 book of verse Some Things to Place in a Coffin. My World War I Poem Inside each trench, the sound of prayer. Inside each prayer, the sound of digging. Image courtesy of Auckland War Memorial Museum. ...11 hours ago
- Book of the Week: Talia Marshall on living legend Ngāhuia Te AwekōtukuThere are three books I have wolfed down in one sitting over the last two years. Colleen Maria Lenihan’s gorgeous and sad debut Kōhine, Noelle McCarthy’s memoir Grand about becoming her mother and then unbecoming her, and now Hine Toa, a staunch yet gentle self-portrait by living legend Ngāhuia te ...11 hours ago
- Newsroom daily quiz, Thursday 25 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, Thursday 25 April appeared first on Newsroom. ...11 hours ago
- Daily crossword, Thursday 25 AprilThe post Daily crossword, Thursday 25 April appeared first on Newsroom. ...11 hours ago
- High Court overturns Waitangi Tribunal summons to Minister for Children Karen ChhourThe minister was due to give evidence on Friday regarding the government's plans to repeal section 7AA of the Oranga Tamariki Act ...19 hours ago
- Sydney University students set up Gaza solidarity camp as war marks 200 daysAsia Pacific Report Students and activist staff at Australia’s University of Sydney (USyd) have set up a Gaza solidarity encampment in support of Palestinians and similar student-led protests in the United States. The camp was pitched as mass graves, crippled hospitals, thousands of civilian deaths and the near-total destruction of ...19 hours ago
- Most bees don’t die after stinging – and other surprising bee factsSource: The Conversation (Au and NZ) – By James B. Dorey, Lecturer in Biological Sciences, University of Wollongong Australian teddy bear bees are cute and fluffy, but get a look at that massive (unbarbed) stinger! James Dorey Photography Most of us have been stung by a bee and we ...20 hours ago
- How Anzac deaths changed the way we mourn to this daySource: The Conversation (Au and NZ) – By Jen Roberts, Senior Lecturer, School of Humanities and Social Inquiry, University of Wollongong Aussie~mobs/Flickr Victor Farr, a private in the 1st Infantry Battalion, was among the first to land at Anzac Cove just before dawn on April 25 1915. Victor Farr ...20 hours ago
- Sugar gums have a reputation as risky branch-droppers but they’re important to bees, parrots and p...Source: The Conversation (Au and NZ) – By Gregory Moore, Senior Research Associate, School of Ecosystem and Forest Sciences, The University of Melbourne Gregory Moore I had the good fortune to care for the sugar gum at The University of Melbourne’s Burnley Gardens in Victoria where I worked for ...20 hours ago
- Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPISource: The Conversation (Au and NZ) – By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra BagzhanSadvakassov/Upsplash, CC BY-SA Australia’s inflation rate has fallen for the fifth successive quarter, and it’s now less than half of what it was back in late 2022. ...20 hours ago
- Our housing system is broken and the poorest Australians are being hardest hitSource: The Conversation (Au and NZ) – By Rachel Ong ViforJ, ARC Future Fellow & Professor of Economics, Curtin University Just when we think the price of rentals could not get any worse, this week’s Rental Affordability Snapshot by Anglicare has revealed low-income Australians are facing a housing crisis like ...20 hours ago
- ‘It bucked our lads up wonderfully’: the lightning-quick WWI battle that marked the birth of the...Source: The Conversation (Au and NZ) – By Meighen McCrae, Associate Professor of Strategic & Defence Studies, Australian National University American and Australian stretcher bearers working together near the front line during the Battle of Hamel in 1918. Australian War Memorial While the AUKUS alliance is new, the Australian-American partnership ...20 hours ago
- Source: The Conversation (Au and NZ) – By Tracey Holmes, Professorial Fellow in Sport, University of Canberra When the news broke last weekend that 23 Chinese swimmers had tested positive to a banned drug in early 2021 and were allowed to compete at the Tokyo Olympic Games six months later ...20 hours ago
- First Nations Anzacs sacrificed life and limb for Country. Why aren’t their stories shown onscreen...Source: The Conversation (Au and NZ) – By Cally Jetta, Senior Lecturer and Academic Lead; College for First Nations, University of Southern Queensland Australian War Memorial Aboriginal and Torres Strait Islander readers are advised this article contains names and images of deceased people, as well as sensitive historical information ...20 hours ago
- NZ’s Media Minister Melissa Lee demoted after Newshub crisisRNZ News Melissa Lee has been ousted from New Zealand’s coalition cabinet and stripped of the Media portfolio, and Penny Simmonds has lost the Disability Issues portfolio in a reshuffle. Climate Change and Revenue Minister Simon Watts will take Lee’s spot in cabinet. Simmonds was a minister outside of cabinet. ...20 hours ago
- Our tall, wet forests were not open and park-like when colonists arrived – and we shouldn’t be b...Source: The Conversation (Au and NZ) – By David Lindenmayer, Professor, Fenner School of Environment and Society, Australian National University laurello/Shutterstock Some reports and popular books, such as Bill Gammage’s Biggest Estate on Earth, have argued that extensive areas of Australia’s forests were kept open through frequent burning by ...21 hours ago
- Aces in their places: Luxon plays coy over ministers' competenceAnalysis - Christopher Luxon framing the demotion of two ministers as the portfolios getting "too complex" is a charitable way of saying they weren't up to the job. ...21 hours ago
- Politics with Michelle Grattan: Economist Chris Richardson on an ‘ugly’ inflation result and the...Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra With Jim Chalmers’s third budget on May 14, Australians will be looking for some more cost-of-living relief – beyond the tax cuts – although they have been warned extra measures will be modest. As ...21 hours ago
- Melissa Lee’s media Hail Mary comes up shortAnalysis: Melissa Lee has lost the media portfolio and her spot in Cabinet after multiple failed attempts to find solutions for a media industry in crisis. On Wednesday, the Prime Minister announced Lee would be losing her spot in Cabinet along with her media and communications ministerial portfolio. The job ...21 hours ago
- Northland council continues four-year Māori ward fight in face of government changesA council that played a key role in getting Māori ward polling removed is now lobbying against government plans to reinstate binding referendums. ...22 hours ago
- Education Ministry cuts: Roles providing support for disabled kids among those proposed to be axedLeaked documents show which divisions will bear the brunt of hundreds of proposed job cuts at the Ministry of Education. ...22 hours ago
- Land Information New Zealand proposes 57 job cutsIt is the latest department to announce job cuts as part of the government's cost-cutting measures. ...23 hours ago
- Watch: Government's 'wheels are falling off already', Hipkins says, after ministers d...The Labour leader says the demotion of two ministers today shows the PM "didn't have particularly good judgement". ...23 hours ago
- The stories of Australia’s Muslim Anzacs have long been forgotten. It’s time we honour themSource: The Conversation (Au and NZ) – By Simon Wilmot, Senior Lecturer, Film, Deakin University Among the many Australian who served during the second world war, there is a small group of people whose stories remain largely untold. These are the Muslim men and women who, while small in number, ...24 hours ago
- National emergency response facing 26 separate inquiries: What have we learnedThe country's emergency response is besieged by inquiries, despite years of reviews and efforts to make laws that deliver. ...24 hours ago
- Sexual assault victims give evidence in court, but alleged perpetrators don’t have to. Bruce Lehrm...Source: The Conversation (Au and NZ) – By Kelly Saunders, PhD Candidate, University of Canberra There has been much analysis and praise of Justice Michael Lee’s recent judgement in Bruce Lehrmann’s defamation case against Channel Ten. Many people were openly relieved to read Lee’s “forensic” and “nuanced” application of law ...1 day ago
- What’s the difference between ADD and ADHD?Source: The Conversation (Au and NZ) – By Kathy Gibbs, Program Director for the Bachelor of Education, Griffith University zEdward_Indy/Shutterstock Around one in 20 people has attention-deficit hyperactivity disorder (ADHD). It’s one of the most common neurodevelopmental disorders in childhood and often continues into adulthood. ADHD is diagnosed ...1 day ago
- Watch: Government's 'wheels are falling off already', Hipkins says, after minsters de...The Labour leader says the demotion of two ministers today shows the PM "didn't have particularly good judgement". ...1 day ago
- Anti-Poverty Groups Urge New Minister For Disability Issues To Reverse Funding CutsThe Fairer Future coalition of anti-poverty groups say Whaikaha must be properly funded going forward, and that to argue that poor financial management of the new Ministry is a red herring by the Prime Minister. ...1 day ago
- New Media Minister Must Rule Out State Intervention In Private MediaThe Taxpayers’ Union is today congratulating Hon. Paul Goldsmith on his appointment as Minister for Media and Communications and urges him to rule out state intervention in the private media sector. ...1 day ago
- OPM leader’s open letter condemns Australia’s ‘treachery’ over PapuaAsia Pacific Report The West Papuan resistance OPM leader has condemned Australian Prime Minister Anthony Albanese and US President Joe Biden, accusing their countries of “six decades of treachery” over Papuan independence. The open letter was released today by OPM chairman Jeffrey P Bomanak on the eve of ANZAC Day ...1 day ago
- ‘Emily Dickinson made me into a writer’: Lauren Groff on the power of readingWelcome to The Spinoff Books Confessional, in which we get to know the reading habits and quirks of New Zealanders at large. This week: writer and one of Time Magazine’s 100 most influential people of 2024, Lauren Groff. The book I wish I’d written If I wish I’d written a ...1 day ago
- Watch live: Chris Hipkins speaks after ministers Melissa Lee, Penny Simmonds lose portfoliosThe Labour leader speaks from Parliament after the prime minister's sudden Cabinet reshuffle. ...1 day ago
- What kind of diner are you? 6 types of diners who avoid plant-based meat dishesSource: The Conversation (Au and NZ) – By David Fechner, Research Fellow, Social Marketing, Griffith University mavo/Shutterstock Imagine having dinner at a restaurant. The menu offers plant-based meat alternatives made mostly from vegetables, mushrooms, legumes and wheat that mimic meat in taste, texture and smell. Despite being given that ...1 day ago
- Auckland University Criminologist Slams ‘Racist’ Three Strikes Law“Three Strikes is a dead-end policy proposed by a dead-end government. The Three Strikes law ignores the causes of crime, instead just brutalising people already crushed by the cost of living.” ...1 day ago
- Australia-born judge facing potential deportation from KiribatiBy Don Wiseman, RNZ Pacific senior journalist An Australian-born judge in Kiribati could well face deportation later this week after a tribunal ruling that he should be removed from his post. The tribunal’s report has just been tabled in the Kiribati Parliament and is due to be debated by MPs ...1 day ago
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Yes unfortunately a double triple whammy has thumped down upon us all. The economy was already in a parlous state imo only then to thumped by a couple of earthquakes.
Getting anything done in the city simply takes an age, whether going somewhere, making a phone call, ordering something, etc. Just takes longer. As such there are simply far fewer transactions going on every day. The economy, being the sum of a million individual daily transactiona, has simply fallen.
On top of that, everyone is counting the money available under their insurance and realising they will be coming up short in some way or another and as such are gluing the chequebook shut to cover themselves for that looming shortfall.
What can the govt best do? Well there seems to be a sense that the same failings after the first quake are returning – namely slowness in decision making and getting rebuilds physically underway. Believe it or not some builders here are sitting at home today waiting for EQC / Fletchers / insurers to make a decision and write a cheque. Builders sitting around doing little. Govt could assist this particular area by getting involved in the insurance / EQC payout sector in order to move this along. Perhps by ensuring payouts are made first and any disputes put aside for later resolution, rather than wait for any dispute resolution first.
But yes, aint much confidence in any other than the construction sector. But does not so much feel like your usual recessionary times, more like people accepting a new reality and just getting on with life. Old life no longer around for pretty much everybody. A strange camaraderie and egalitarianism.
I like your idea of payouts now / disputes later. If the government by way of their current emergency powers etc were to decree and gaurantee something along those lines I suspect you could get every builder started tomorrow and soak up most of the unemployed as skilled / unskilled assistant labour. The obvious place to start would be non RMA type work, the smaller stuff whilst the big stuff gets done properly.
Such a simple initiative would do wonders for confidence. I cant see what in effect is very different to this idea than the finance sector gaurantees post the crash.
Nymex Crude Future 107.40
Dated Brent Spot 117.52
The only thing that might save NZ from another round of fuel price rises is the rise in the kiwi dollar against the US dollar (That will make exporters grizzle, of course).
The present oil-based economic system has no long term future. It’s simply a question of when the collapse is going to occur.
In the meantime the circus clowns and saboteurs that make up the government will keep pretending that business as usual is possible (when it it patently obvious it isn’t) while they carry out whatever looting they can..
How dare you tell the truth!!!!! Actually it is an illness to not recognise peak oil, it is called selective deafness.
Bit inconvenient having an earthquake in election year isn’t it. That speaks volumes.
Seriously the temporary homes will get going pretty soon. In the meantime all the infrastructure repair is keeping council workers and a lot of contractors busy.
Aslo comparing us with the US state authority that was set up after Katrina is invalid. in NZ we do not have the system of political devolution to states. As such it was always going to be a government run thing here.