Can We Prepare for 2023?

Written By: - Date published: 7:48 am, November 20th, 2022 - 69 comments
Categories: Deep stuff, economy, kiwisaver, tourism, wages, workers' rights - Tags:

2023 is going to hit New Zealanders hard.

Since the 2011 Christchurch earthquakes New Zealand has been beset by a new major crisis about once every two years. 2022 was our year off and get ready we are in for a strange and hard recession. It won’t likely be one in the usual form definition of two successive quarters of negative GDP growth, or even in a massive surge in unemployment. No, it will be in the price of everything.

Our Reserve Bank is set to deliver an unprecedented .75 raise in the base interest rate.

That is on top of the rises already pushing through into mortgages, rents, and everything else.

The United Kingdom government fresh into power has hiked tax rates and its public are facing an exceedingly fast corrosion of their spending power as inflation accelerates.

Central banks in Australia, United States, Europe and many others have also raised their base rates fast.

Deusche Bank has also forecast that Australia will enter recession next year.

This is an alarm bell for serious economic turbulence that New Zealand will not be able to shelter from. Deusche Bank’s analysis says that “We expect Australia’s unemployment rate to end 2023 at 4.5%, that is, one percentage point higher than the current unemployment rate at 3.5%.”

That diverges sharply from the Australian Reserve Bank’s forecast of 3.7% for end 2023.

Here is the first problem. When central bankers work this hard to slow the economy down, they often end up tipping into outright reverse.

The really bright stars on the New Zealand horizon are several. Our neighbour Indonesia is doing extremely well selling coal to the world and of course to power New Zealand.

The United States economy grew faster in the July-September quarter though we don’t yet know how bad the tech implosion in California will be. The United States economy, by some measure still the largest and most dynamic, is doing fine.

The other good news is that the entities this government taxes to make the money to redistribute to citizens in the form of subsidies and services, well they are fine. Employment is up. Bank profits are up. Energy company profits are up. Agricultural profits are up. Tourism related companies are up. Over the past three years New Zealand has relied more and more on its government to redistribute this awesome windfall tax income to keep people fed, employed, and otherwise functioning as a society. Minister Robertson is one of the safest pairs of hands in the world, and will continue to be so. There is no one in National or Act that gets close to understanding the scale of 2023’s impact.

The other good news is you can’t get a rental vehicle in Queenstown or Christchurch, all the flights are full, and there’s barely a bed to spare. Tourism is back. New Zealand’s core economic constraint is not enough workers, and that is our powerful protection against 2023’s global recession.

And now for the darkness. Which is pretty dark.

New Zealand’s primary private investment is in domestic real estate, and its average value has tanked 20% and continues to fall in the worst downhill roll since the 1990s and can’t yet see a floor to it. That’s most of our nest eggs, if one if fortunate enough to own one.

New Zealand’s savings in the form of Kiwisaver are tanking. Official advice on Sorted is “everyone keep calm, carry on with your long term investing.”

This year NZSuperFund lost $3.3 billion.

Our ACC fund lost a record $4.5 billion.

ACC suffers record $4.5 billion fall in the value of its investments | Stuff.co.nz

So there’s not a lot of calm evident in international share markets and not much “everyone keep calm” justified.

China’s economy is rapidly decelerating. Though our exports to China are remarkably recession-resilient it will be a test to see if our main exporters are nimble enough to switch markets. It’s just not going to be like it was pre-COVID.

The pressures on the New Zealand economy will continue from the Russian invasion of Ukraine which is set for at very least all of 2023. According to the NZ Treasury September 2022 analysis:

“…the invasion will reinforce a number of transitions in the global economy already underway from existing pressures on globalisation including China/US dynamics and the COVID-19 pandemic, alongside long-standing but increasingly time dependent challenges such as climate change and the need for a “green transition”.

New Zealand has no refining capacity and is one of the most car reliant countries on earth. About 40% of its energy in total comes from imported petroleum. We are only in the start of diesel-driven grocery price rises.

New Zealand’s government is getting to the limits of what it can do to shelter New Zealanders from the impacts of this impending hardship.

We are once again facing forces larger than the powers of our political order to cope with.

The question is not whether house price crashes, rent increases and food and fuel inflation will continue to hurt us.

The question for 2023 to prepare for is where else are we going to be hit and hit hard?

69 comments on “Can We Prepare for 2023? ”

  • Comments are now closed

  1. Tiger Mountain 1
    20 November 2022 at 8:45 am

    The above speculations/predictions are exactly the reason the Aotearoa NZ working class, middle class, alienated and super annuitants (not an inconsequential bunch in receipt of Govt. transfers) need an urgent political campaign along the lines of “For the many not the few”.

    This link shows some of the beneficiary numbers–“pensioners” usually detest being lumped in with dirty filthy bennies, but that is essentially what they are none the less.
    https://figure.nz/chart/l8m4HeSfriXHYpQS

    Contrary to the ADVANTAGE take, gouged corporate profits are not a positive for the majority of us. Particularly when they come from what should be publicly owned and controlled infrastructure.

    But who is going to advance the necessary campaign? We the people have to step up. The NZCTU is essentially a neutered, class collaborationist organisation, the NZ Labour Party is in thrall still to neo Blairism, and the small but impactful Marxist parties that Muldoon once demonised, are mainly online entities now.

    The shit is going to hit the fan but the hard reality has to be faced–it is time to retire the legacy of Rogernomics and Ruthanasia. ACT and Natzos will only support measures that ensure what loot there is keeps being shovelled “upstairs”. Ordinary people have to get involved in political organisation in their communities again. This includes extra Parliamentary politics which so many have never known in our era of Flybuys points and precarious employment and contracting out.

    The major problem for the tories and NZ Labour is so obvious–residential property “owners” with thumping great mortgages will descend into negative equity territory. Green Party has put up some good initiatives lately and this is the in imo for the Greens.

    There are obvious measures to take…
    • Rent Freeze, Rent Control
    • Mortgage freezes–use your bloated profits to tide you over banksters
    • Basic Income for all citizens paid via IRD–abated as any significant income rises
    • Retire MSD/WINZ, all transfer payments through IRD and a new agency for special needs groups
    • Free Dental and universal fare free public transport
    • Return power generation and supply to full public ownership and control
    • Rebuild a public works Dept. send Fulton Hogan and the rest of the bludgers packing.
    etc. etc.

    Capitalism will not solve this current situation to state the obvious. People have to take collective responsibility again.

    • bwaghorn 1.2
      20 November 2022 at 9:31 am

      I don't know about your dentist but mine is a dodgy charger, $280 for a clean and exrays took 20 minutes max, wants to do 2 fillings for $780 , but am sure she just does cosmetic fixes at times that she wants to do and calls it fillings, have had at least one other customer tell me the find the same. the bill might be to big for the country.

      • Anker 1.2.1
        20 November 2022 at 10:32 am

        Someone posted a link yesterday with the figure on $1 billion dollars a year for free dental treatment.

        Grant Robertson has said he can't afford that, but they did afford $11 billion over four years for the new health authority………

        Bureacracy before direct service provion never works for me.

        • weka 1.2.1.1
          20 November 2022 at 11:09 am

          are you suggesting they take $1B from the existing health budget?

          • Anker 1.2.1.1.1
            20 November 2022 at 11:12 am

            No, I am suggesting the Health re-structure funding, is wasted money. Sure it may bring some benefits (although a contact I have pretty high up in Health NZ is deeply sceptical) but I would prefer money to go to front line services e.g dentistry, rather than a re structure, especially during a pandemic

          • Anker 1.2.1.1.2
            20 November 2022 at 11:18 am

            https://www.rnz.co.nz/news/national/467473/budget-2022-11-point-1b-allocated-to-overhauling-the-health-system

            RE the funding of our new health system $11 billion dollars allocated.

            That would fund a 11 years of free dentistry.

            I think if people had a choice they would go for free dentistry. IMO it is impossible to be certain of benefits steming from this re-structure.

            The most essential thing in health delivery is having a well staffed well resourced health work force who can deliver services that are either free or affordable.

            • Patricia Bremner 1.2.1.1.2.1
              20 November 2022 at 12:10 pm

              One of the costs Anker was getting to where systems were compatible.

              During the pandemic it was discovered many Hospitals were separate silos, and General Practice was a lottery. Their computer systems were patchy.

              We sling off at so many things, but the mobilisation of a workforce to vaccinate and test was remarkable.

              Our maintenance of medical and medicine supplies well done, by propping up Air NZ.

              Now we bring services back after a pandemic which is still having high costs in lives lost and ongoing services.

              Improving systems, trying to get more equity into some areas means adjustments for some. Those who expected to privatise are not pleased.

              Dental was a goal, but the goal posts moved.

              • Anker …
                20 November 2022 at 12:40 pm

                I am not sure if this is what you are saying Patricia, but my impression was that the old DHBs stood up reasonable well during the pandemic. That would be another reason for me for pushing a very expensive re structure down the queue of must dos.

                I far rather see 11 years of dentistry funding that a new health bureacracy. How about you?

        • weka 1.2.1.2
          20 November 2022 at 11:12 am

          Of course dental should be free (or cheap/scaled like GP visits). Here's the real politik argument for why Labour won't do that currently. Various threads from Lew's tweet.

          https://twitter.com/LewSOS/status/1592372879399657472

          The point being made is that between now and the election, there's little room to move. If Labour put out a free or subsidised dental policy and then can't deliver because of the pandemic and staff shortages, that risks them losing the election next year.

          • Anker 1.2.1.2.1
            20 November 2022 at 11:19 am

            Is there a crisis in work force numbers in dentistry? I didn't think so.

            • Incognito 1.2.1.2.1.1
              20 November 2022 at 11:30 am

              What is the basis of your opinion?

              • Anker …
                20 November 2022 at 11:36 am

                Incognito, am assuming you mean the basis for my opinion about there not being a shortage of dentists?

                I would stand corrected if someone showed me stats that we are short of dentists and this may well be the case. But I have never heard it mentioned, nor does there seem to be any difficulty accessing dentistry if you are able to afford it (may be different in different areas).

                But funding dentistry is one thing. Having a shortage of dentists is another.

                • Incognito …
                  20 November 2022 at 11:41 am

                  Ok, thanks for confirming that there is no basis, i.e., a “preconceived opinion that is not based on reason or actual experience”.

                  • Anker …
                    20 November 2022 at 12:37 pm

                    My actual experience is that I have never had trouble finding or booking to see a dentist.

                    Do you have any evidence to support that there is a shortage of dentists in NZ?

                    My comments weren’t really about the workforce in dentistry, but rather how imo the govt should have forgone the $11.1 billon dollars spend on a re structure and provided 11 years of free dental treatment. What do you think about that Incog?

                    • Incognito …
                      20 November 2022 at 1:31 pm

                      I think that personal anecdotal evidence is of limited use in convos of this general nature and that drawing conclusions, connections, and (inferred) causations based on that is, at best, a fruitless exercise. Extrapolation based on one single point is not sound, not in mathematics & science, nor elsewhere. It is not my place to fill the gaps & blanks for you – you are free to do or not do this yourself, as you so choose.

                      I also think that comparing apples with oranges is not helpful. Also, reducing everything to alleged costs and dollars allocated/spent is oversimplification as it ignores crucial context. Weka already alluded to this (https://thestandard.org.nz/can-we-prepare-for-2023/#comment-1922088).

                    • Shanreagh …
                      20 November 2022 at 6:32 pm

                      My actual experience is that I have never had trouble finding or booking to see a dentist.

                      But then you perhaps don't live in my home town of Wairoa. Dental Services have been precarious for several years.

                      The last full time dentist is 3 years younger than me. He advertised and advertised over the years for someone interested in a partnership who could take over when he retired. With no luck. he had to retire from work and was not able to sell the practice.

                      The point about dentistry is that even with a local dentist the cost can be prohibitive.

                      https://www.rnz.co.nz/news/ldr/467119/dentist-coming-to-wairoa-after-two-year-void

                      The health sector is in need of reform. In the 1990s there was work done around the intense silos that had grown up around hospitals and hospital care. Although this showed promise, and some of its features are in the new system it was not continued. So I don't think there is an automatic case for saying the cost of the reforms $$$$$ should be allocated to dentistry or hips or prostates. Ultimately this money can be wasted by inefficient base services.

                      The creakiness of the system was shown during the pandemic and relied hugely on central controls/guidelines and the wonderful unselfish and unstinting work done by our health professionals. This is not sustainable.

                      The real bugbear is that health is political. Our three year term does health reform no favours. This is another reason to ensure that Labout/alliances are voted in in 2023. This will enable health reforms to bed in and people will see the difference and not be tempted, hopefully, to support a party that says it will turn health on its ear again.

                    • Anker …
                      20 November 2022 at 6:36 pm

                      Yes of course Shanreagh Wairoa is an a drastic state with health professionals. I understand there is no cardiologist there.

                      We disagree about what health money should be spent on.

                      No matter how much better the new health system operates, there will still need to be a. cardiologist found for Wairoa and more dentists and nurses.

                  • Anker …
                    20 November 2022 at 2:06 pm

                    I asked a question about the dental workforce. I never stated it as a fact.

                    I stand by what I am saying about funding dentistry over a health re structure.

                    Govt money is govt money and they are the one who spend it.

                    Apples oranges, bananas tomatos………who cares. I am talking about access to dental care for the population.

                    But you don't seem to interested in engaging any sort of discussion with me about any issues, but appear to be very interested in actively critiquing all I say on here.

                    What's up with that?

                    • Belladonna …
                      20 November 2022 at 4:14 pm

                      Yes there is a shortage of dentists in NZ. More critical in some areas than others – but a shortage overall.

                      ATM, this is largely managed by cost – i.e. dental treatment is expensive, so pretty much only the relatively well off, or those in acute pain, sign up for treatement.

                      Instituting universal free dental would open the flood-gates – and the existing dental workforce would be very rapidly overwhelmed by demand – and close their books to new patients.

                      There's little point in making something free, if you actually can't get it at all.

                      https://www.nzherald.co.nz/nz/dentists-few-and-far-between/Y4CIHCQWLGP4PXB3IWQWVMWNVQ/

                      https://www.stuff.co.nz/southland-times/129147342/southland-dentists-burnt-out-as-clinician-capacity-reached

                    • bwaghorn …
                      20 November 2022 at 4:42 pm

                      @Belladonna, if dentists could be trusted dental work could very simply be triaged and only necessary work be done on the government tab, but you can guarantee it'll be rorted to hell

                    • Anker …
                      20 November 2022 at 5:00 pm

                      I think the shortage of dentist and making dental work free are two separate issues.

                      I wonder what Andrew Little and Health NZs plans are to increase the supply of dentists?

                      And as Bwagon pointed out, like with hospital services, things can be triaged.

                    • Incognito …
                      20 November 2022 at 5:13 pm

                      What’s up with that?

                      I think it is clear enough and I made my point and it is pointless to spend more time & space on this under this Post.

                    • weka …
                      20 November 2022 at 5:45 pm

                      I think the shortage of dentist and making dental work free are two separate issues.

                      Only if you ignore the real world practicalities. In Lew's thread there is a clear explanation for why Labour can't commit to free/subsidised dental services. If Labour say yes, we will do this, and they don't deliver because there is a staff shortage and there are too many difficult things going on from the pandemic, then Nact will be in next year and then we won't have free dental care. Labour don't have a magic wand.

                      What they could be doing is working towards it, and they could be sorting out their messaging. The whole 'you can get $ from WINZ' was idiotic, given how hard it is to get $ from WINZ for dental work. They could fix that system. But, like many other people and organisations, the government has been under a lot of stress in the past three years. They've got the same problems as everyone else with sickness and staffing and people doing jobs they're not trained for. Plus they have to run the country and win next year's election.

                      I'm not saying we should excuse them something, I'm saying it's time to adapt to the long term stress the country is under and start coming up with different solutions.

                    • weka …
                      20 November 2022 at 5:47 pm

                      What's up with that?

                      I can't speak for Incog, but from my pov, the sub thread was about real politik deriving from worker shortages. Making an argument that it's not a problem because you are not aware of the shortages is kind of fail here because we then end up having a conversation based in something that isn't true.

                    • Shanreagh …
                      20 November 2022 at 7:01 pm

                      There has not been a cardiologist there for many years. In the 1950/60s my father needed cardiology care and he needed to go to Napier for it.

                      In those days specialties often had days per week there or month. I think they still do this. Wairoa had a hospital with a competent general surgery (with surgeons) programme in the olden days. Now it is a triaging and staging place and that is OK most of the time. As long as helicopters. ambulances can get in and out and they have enough on hand specialists to stabilise people.

                      I see the DHB is now providing dental care and this is a good move and could/should continue. Traditionally dental care for adults was provided through the private sector. This did not continue in Wairoa with one of the local Iwi stepping in to work with the HB DHB. As with everything provided by Iwi health-wise this will be available to all on the basis of need.

                      Again if you look at the saying that how the poorest in the population are cared for as a measure of the health/wealth of the country then the opportunity is there for improvement.

                    • Incognito []
                      20 November 2022 at 8:56 pm

                      Bit hard to get a cardiologist anywhere here in NZ, not helped by not putting the role on the Green List.

                      https://www.rnz.co.nz/news/national/479077/plumbers-but-not-cardiologists-the-curious-case-of-the-immigration-green-list

          • Anker 1.2.1.2.2
            20 November 2022 at 6:21 pm

            re your comments below about free dental when Labour may not have the workforce to supply. I don't buy that rationale.

            Labour promised big in mental health delivery. They didn't have the workforce, but they had the will. They signalled their intention and because they set that as their intention, they acted accordingly eg. the worked with NZAC to allow that workforce to work in DHBs. While there is an unmet need and a lot to do, there has been progress.

            Labour also did it with the recent announcement about making early child care available and then low and behold there were people who worked in the industry saying "we don't have the staff".

            So I don't think not having the staff really is a sufficient reason.

            Setting dental care as a free service means that if National gets in, they have to deliberately roll it back. As it would likely be a very popular service, it would be one National would can at their peril.

            • weka 1.2.1.2.2.1
              20 November 2022 at 6:37 pm

              So I don't think not having the staff really is a sufficient reason.

              It's not the reason. The reason is that this close to the election they can't take on an additional big policy and one that is likely to fail in the time frame.

              You are assuming that it's possible to get free dental care in place and functioning before the election. It's not that National would roll it back, it's that it wouldn't be up and running in time. It's not going to happen before Christmas, which means that Labour have a couple of months to develop the policy and get Treasury to cost it so that they can include it in the 2023 budget. This isn't my area of knowledge, but I can't see how that is possible given all the things.

              We should of course be calling for free dental care, and Labour should be making encouraging signals. I just think the real politik needs to be considered too in our discussion.

              • Anker …
                20 November 2022 at 11:12 pm

                I didn't make a case that there was no dentist shortage. Someone else raised it and I asked a question "Is there a crisisin workforce numbers in dentistry? I didn't think so. It was a geniune question.

                Incognito then said something like a preconceived idea that isn't based on anything including experience. So I replied that my experience was I could get to see a dentist pretty easily.

                I wasn't denying there was a shortage of dentists.

            • weka 1.2.1.2.2.2
              20 November 2022 at 6:39 pm

              Labour also did it with the recent announcement about making early child care available and then low and behold there were people who worked in the industry saying "we don't have the staff".

              And is it true they don't have staff?

              When was the policy developed? Was it in this year's budget? Or will it be in next year's?

              Free dental care is a much bigger policy shift.

              • Anker …
                20 November 2022 at 6:48 pm

                I am reporting what I saw reported on the news re not enough staff, but it would make some sense wouldn't it, because the policy would increase access so more staff would be needed. I think the policy is due to kick in in April next year. So they will have to work out whether it is doable or not. Or at how much of it is doable.

                Free dental care is a big policy shift, but we also have a workforce up and running, even if it doesn't have capacity (I would be interested to know how much of dentists case work is on cosmetic dentistry.

                I don't think Labour have the will to implement the policy. their call.

                I remain unconvinced that Heath NZ will make improvements of any significant nature (with the expection of anything they do to increase and support the health work force. But that's just my opinion

                • weka …
                  20 November 2022 at 7:14 pm

                  I haven't looked at HNZ closely, but it's very clear that there have been serious problems with inconsistency of services across the country arising out of the DHB system. And that some DHBs have been struggling. I'm not a fan of centralisation in many areas, but high tech and ambulance at the bottom of the cliff medicine does seem like an area that would do better with an overarching structure.

            • Belladonna 1.2.1.2.2.3
              20 November 2022 at 8:44 pm

              So, looking at the bit of the dental system which is already free – services to children.
              This is already falling over because of lack of staff. And was in crisis even before Covid hit (my kid aged out of the school dental program before Covid – but was not seen by the school service for the last 3 years of his primary schooling. I had to make other arrangements.)

              https://www.stuff.co.nz/national/health/129928687/fear-more-children-may-end-up-in-hospital-amid-rise-in-delays-for-dental-checkups

              Parents are being told to enrol their kids at dentists – if they want dental treatment. Many dentists won't take children and teens – as the government payment is much less than they can make from adults. And many parents can't arrange time off work, etc. to take their kids to routine dental appointments.

              Announcing a huge policy (and free dental would be a significant change) – when they *know* there isn't the staffing to deliver on it – simply hands a huge political stick to the opposition. "Labour's failure to deliver, yet again"

              I'm not opposed to free dental services – in fact, I think it's an excellent idea. But the country quite simply doesn't have the resources to deliver.

              Not having the staff, is actually a sufficient reason.

              • Anker …
                21 November 2022 at 10:03 am

                Thanks Belladonna. I accept there is a dental shortage, although I wasn't aware of it prior to this thread. I have a close relative who is a dentist and he's never spoken of it, although again I guess it depends somewhat on where you are practicing.

                One of the problems with Govt payments to dentists is if they are at a lower rate than they can charge, why would they prioritize subsidized work? People moan a lot about dental charges, but listening to my relative talk, the costs involve in denstry are significant. Filings, support staff, even the cost of the dental chair is huge. Dentists have horrific student loans, so given this why should the provide a subsidized service.

                Govt has done this with funding counsellors as well (not this govt, but back around 2006 – 07). A scheme run through the PHOs really undercut counsellors wages. In this field, what that meant was that anyone who was a good therapist, wouldn't bother taking the subsidized clients. They didn't have to.

                "when they know there isn't staffing to deliver on- certainly hands a big stick to the opposition. Indeed. This is what happened in mental health.

                Labours likely failure is that there doesn't appear to be any sort of plan to increase the health workforce or make training in these valuable jobs very attractive and easy. Labour were told five years ago by Dr Ian Powell that there were three problems with the health service "workforce shortages, workforces shortages and workforce shortages". This has got considerably worse under their watch. Covid is no excuse. While we were covid free we had a golden opportunity to recruit all those burnt out staff who were nursing covid around the world.

                IMO it is another case of the Professional Managerial Class (and their party of choice, Labour) thinking they were the most important part of the health system and that they knew best)

      • weka 1.2.2
        20 November 2022 at 11:08 am

        Consumer did this test once, they had the same person go to five different dentists. That person got five different diagnoses. Something like that (it was a while ago).

        If dental was free and universal, people could get second opinions and go with the least invasive procedure. Who wants a root canal when a filling will be enough?

        • bwaghorn 1.2.2.1
          20 November 2022 at 11:42 am

          My nect nearest dentist is about 50 mins away, which makes it a half day operation, I'm time poor most of the time as it is

          • weka 1.2.2.1.1
            20 November 2022 at 12:25 pm

            ae, country life. Thing is, with low cost dental care, other people can do the second opinion hunting and this will change the culture of over egging that exists in the dental sector.

      • mary_a 1.2.3
        20 November 2022 at 3:48 pm

        Do you live in Auckland bwaghorn (1.2)? I ask because before hubby and I moved from suburban Auckland to Central Otago just over five years ago we were paying horrific prices for our dental services up there. I guess high overheads could be partially to blame,

        Prices and (the dental work carried out) down here are pretty good in comparison to our previous Auckland dental experiences, particularly the cost.

        For instance, last Wednesday I paid $130 for a # tooth filling plus an xray and a clean. Previous dental work done locally has cost about the same. Can’t complain about that.

    • mary_a 1.3
      20 November 2022 at 3:29 pm

      Thanks TM (1) you got it in one there. Well put.

    • Darien Fenton 1.4
      20 November 2022 at 3:31 pm

      NZCTU neutered class collaborationist? FFS. Have you seen their FPA campaign going on right now from town to town? Have you ever met Tali Williams CTU Strategic Director ? Daughter of a militant Seafarer, FIRST Union activist and leader. Organiser in many campaigns. https://esra.nz/people-learn-using-power-interview-tali-williams/

      [typo fixed in e-mail address – Incognito]

      • Tiger Mountain 1.4.1
        20 November 2022 at 5:15 pm

        First, Unite, Etū and Maritime Unions and Meatworkers etc. are great unions–the dead weight on the CTU is the state sector, the PSA in particular. This partly arises out of the State Sector Act–an essential part of Rogernomics and the enduring neo liberal Parliamentary consensus.

        FPAs are a great development–but no strikes–so it is a class peace trade off that will potentially assist thousands of non union members, like National awards catered for compulsory union members for decades, which is a different category from class left active members.

        • Darien Fenton 1.4.1.1
          23 November 2022 at 4:49 am

          I work for the PSA with a fixed term role; you have this image of them as a union for the Wellington elite. I used to think that, but I was wrong. Right now we have just settled an agreement for our border security workers ; along with E Tu and NUPE. You know what they do eh? They stand for hours every day as you go through the airport and have to follow the Airport company and international instructions around airport security, They can't even get a proper 10 minute break. During COVID, many were sent off to MIQ. Then there are all those other PSA members who are there when you arrive ; from Customs and MPI. Some of our members start work at 2am or 3am to suit the incoming flights (and you could say the elitist demands from travellers). And the abuse is terrible. Can I ask you to have a look at the community membership of the PSA as well, including home care workers? There’s no doubt PSA, NZEI and NZNO are active members of the CTU, but they also have members who are struggling to earn Living Wage. And they work actively with other unions, PS I am a Life member of E Tu.

  2. bwaghorn 2
    20 November 2022 at 9:25 am

    Most kiwi savers haven't lost a thing . my 12 year 0ld one is at 2.5% lifetime gain,(better than it would have got in the bank, as I can't access it for 14 years it'll probably do better than that, mines in growth mode, anyone one coming up to retirement should be in conservative so its just negative to beat the doom drum .

  3. Gabby 3
    20 November 2022 at 11:19 am

    On the bright side (?), real estate is still vastly overpriced so there's room for more 'tanking' there.

  4. Patricia Bremner 4
    20 November 2022 at 11:46 am

    “How do we get through 2023?”

    The basic home garden will help if you plant silverbeet onions courgettes lettuce cherry tomatoes carrots cabbage and rhubarb.

    Growing parsley mint and chives, rosemary and sage, all help.

    If you don't have room try the bucket garden idea. The first 4 of these grow easily, and are able to be used in most dishes.

    If that is not possible for you…

    Look for wartime recipes. They made a great deal with limited ingredients.

    Look up recipes like Empire meat loaf.

    You get twice the product for the meat used. The recipe can be made into a variety of other products. (Chick peas and refried beans to replace meat.)

    Look for their meatless recipes, eggless recipes, and ways to get sweetness when sugar was scarce.

    Simple ginger loaf. (never fails) and can have fruit added to change it up.

    Have a good supply of spices and herbs salt and pepper. Most are in the $2 to $3 range. Golden syrup to help with the egg costs when baking. Also I have discovered a small packet of dried coconut milk, great in stir fries and no waste.

    Flour and derivatives may get scarce, so to have at least 5kg on hand in a sealed container. Plain is best, you can use it more ways. Yeast powder, baking soda and baking powder as rising agents are needed as well.

    Lookup "In season fruit and vegetables" the look for recipes using them, as they are usuall cheaper.

    Clean out your cupboard and use stored stuff first, freeze left overs for putting in stews casseroles soups or pies.

    Others will have other useful ideas I am sure.

    • Anker 4.1
      20 November 2022 at 12:42 pm

      A good time for us all to make sure we are not wasting food (by buying to much perishable stuff) . We need to be doing this anyway for the plannet.

    • Tiger Mountain 4.2
      20 November 2022 at 5:21 pm

      –Feed a whole street on 1kg of mince–as ACT MP Muriel Newman used to blather on about. But I get where you are coming from Patricia, practical measures to help us get by in these tough times are definitely required.

      Solar panels and inverters should be installed all across the country, and rain water collection systems too–but with the likes of private/corporatised water companies, and power companies, they can actually penalise users for doing the above!

      • Patricia Bremner 4.2.1
        21 November 2022 at 12:09 pm

        I have saved $80 per fortnight, using some of these recipes. If we still had a garden I could have saved more. It all helps.

        Another thing we do is write a list of what we need from one weekly/fortnightly town visit using our small car. Often a loop to do 4 or 5 things to limit driving.

        I am not one for austerity, and believe a little of what you like keeps life from being dull, so we plan our treats into each week.

        We buy the coffee we like, but don't buy coffees out as we feel they are overpriced, and we have until lately had lunch at an outdoor verandah of a cafe with friends, though rising covid infections have stymied that.

        We use price comparisons and have donated/sold anything we no longer use, and even a few items sold aids the budget in tighter times on a benefit or pension.

        Many look for a "one off fix" in tight times, like selling a vehicle boat or other larger item to clear smaller debts, but a bit of careful planning does help keep up with price rises.

        Those who lose work if a firm fails have different issues. A tightening economy affects employment sadly. We all need to help each other more than ever as a community, and not fall for the NACT dialogue and false premise of individual bootstrap politics.

        Thanks for your replies Tiger Mountain and Anker.

  5. RedLogix 5
    20 November 2022 at 12:02 pm

    Peter Zeihan on Twitter and the rising cost of capital. He accurately predicted all of this years ago:

    https://www.youtube.com/watch?v=BNeGOzut6cs

    • SPC 5.1
      20 November 2022 at 11:38 pm

      Paul Krugman does not agree

      What all this suggests to me is that the era of cheap money is not, in fact, over. A few years from now, we’ll probably be back to a situation in which too much saving is chasing too few investment opportunities, and interest rates will be revisiting their old lows.

      https://www.nytimes.com/2022/11/18/opinion/interest-rates-fed.html

      • RedLogix 5.1.1
        21 November 2022 at 9:22 am

        I am interested – but paywalled. What is the gist of his argument?

        • SPC 5.1.1.1
          22 November 2022 at 2:58 pm

          The basic answer is that since 2000 and especially since the global financial crisis, businesses have persistently been unwilling to maintain a level of investment spending that used all the money households wanted to save, unless interest rates were very low. This condition has the unfortunate name “secular stagnation” — unfortunate because it’s widely and wrongly construed as an assertion that it means slow growth, not low interest rates. The idea of secular stagnation was introduced in the 1930s, but the postwar boom made it seem irrelevant. Then Japan began experiencing persistent weakness and very low interest rates in the 1990s, and in the aftermath of the 2008 financial crisis, the whole advanced world found itself in a similar condition.

          What causes secular stagnation? The best guess is that it’s largely about demography. When the working-age population is growing slowly or even shrinking, there’s much less need for new office parks, shopping malls, even housing, hence weak demand. And as you can see in this chart, America’s prime-working-age population, which grew rapidly for many decades, began stagnating just about the time interest rates began sliding:

          And these demographic forces aren’t going away. If anything, they’re likely to intensify, in part because the rate of immigration has dropped off. So there’s every reason to believe that we’ll fairly soon go back to an era of low interest rates.

          In that case, however, why have rates shot up? Well, the Fed is raising rates right now to fight inflation. But this is probably temporary: Once inflation is back down to 2 to 3 percent, which will probably happen by the end of next year, the Fed will begin cutting again. In fact, real long-term interest rates, which reflect expectations of future Fed policy, are up from their pandemic lows, but still only about what they were in 2018-19. That is, the market is, in effect, betting that the era of cheap money will be coming back.

          https://www.nytimes.com/2022/06/21/opinion/inflation-interest-rates-fed.html

        • SPC 5.1.1.2
          22 November 2022 at 3:08 pm

          The above is from the previous article he wrote on this.

          “We’re still probably feeling the effects of pandemic spending: Households saved much of the aid they received, and consumer demand has stayed strong as they spend down those savings. But eventually, the boost to the economy from pandemic aid will fade away.

          And once that happens, we’ll probably be back where we were before the pandemic, with weak private investment demand holding interest rates down.

          Why will investment demand be weak? Last time I wrote about this I stressed demography — the drastic slowdown in growth of the working-age population — plus what looks like disappointing rates of technological progress. That’s still my story, but let me now put it a different way.

          One well-known concept in macroeconomics is the accelerator effect. This says that investment spending generally reflects not the level of G.D.P. but the expected change in G.D.P. The logic is that investment spending is only high when businesses want to increase their capacity, which happens only when demand is growing.

          This tells us that investment spending will only remain high if we expect rapid economic growth. And what we know now doesn’t support that expectation.”

          https://www.nytimes.com/2022/11/18/opinion/interest-rates-fed.html

          • SPC 5.1.1.2.1
            22 November 2022 at 3:32 pm

            He goes on to add that growth is likely to be less in future. Partly because of USA demography (both lower fertility and immigration) and partly because the gain of what he calls a midlife crisis in technology. Saying the gain from computers and networks has been realised.

            I might offer a negation – government demand for money to pay out make social security payments and an end to net savings inputs as baby boomers retire (thus his 2025ish forecast being countered with this other effect by 2030).

            • RedLogix 5.1.1.2.1.1
              23 November 2022 at 6:16 am

              Thanks for this. Apologies for the late response.

              I would enjoy seeing a debate between Krugman and Zeihan. Both are smart people and bring differing viewpoints to the argument. Krugman would be obviously more grounded in economics per se, but Zeihan brings a deeper set of drivers around geography, demography and security to the table, that I think conventional economists have overlooked for much of the post WW2 era.

  6. Poission 6
    20 November 2022 at 12:10 pm

    Since the 2011 Christchurch earthquakes New Zealand has been beset by a new major crisis about once every two years. 2022 was our year off and get ready we are in for a strange and hard recession.

    2022 was when the narrative changed with covid,and the government relaxed to a dying with Covid Policy,we have lost more to Covid then Soldiers in Gallipoli.

    Reducing policy such as masks on planes,and vaccine requirements for international visitors was an over extension,that increased demand on primary health care,hospitals and delayed selective surgery,with all its concomitant problems.

    The excess death toll this year in NZ, will be around 15%,and will most likely see the first decrease in life expectancy in 50 years.

    The reserve funds (for covid resurgence) have been siphoned off for 3 waters,and this is all debt funded pork bone politics.

    Government debt is already 9 billion ahead of budget,(in the first 3 months) difficulty with borrowing has meant housing corp debt will now come directly from government borrowing,interest rates will finish next year at around 6% ( margin over US fed 5-5.25%)

    Not seeing anyone providing solutions to remove cost from the economy.

    https://public.flourish.studio/visualisation/8932307/?utm_source=showcase&utm_campaign=visualisation/8932307

    https://public.flourish.studio/visualisation/11164853/?utm_source=showcase&utm_campaign=visualisation/11164853

    • Adrian 6.1
      20 November 2022 at 3:30 pm

      I think your doom and gloom on death toll is bullshit. You are confounding "with Covid "and OF Covid ". NZs life expectentcy has risen by approx 18 months since Covid struck and medical advances have cut the Covid toll dramaticly.

      Most people, as we have been told for a while now who have or are dying WITH covid, already had co-morbidities and therefore don't shift the excess deaths ratio that much.

Recent Comments

Recent Posts

  • $41m to support clean energy in South East Asia
    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 ...
    BeehiveBy beehive.govt.nz
    2 hours ago

  • Minister releases Fast-track stakeholder list
    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 ...
    BeehiveBy beehive.govt.nz
    4 hours ago

  • Judicial appointments announced
    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 ...
    BeehiveBy beehive.govt.nz
    5 hours ago

  • Education Minister heads to major teaching summit in Singapore
    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 ...
    BeehiveBy beehive.govt.nz
    6 hours ago

  • Value of stopbank project proven during cyclone
    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 ...
    BeehiveBy beehive.govt.nz
    6 hours ago

  • Anzac commemorations, Türkiye relationship focus of visit
    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 ...
    BeehiveBy beehive.govt.nz
    6 hours ago

  • Minister to Europe for OECD meeting, Anzac Day
    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 ...
    BeehiveBy beehive.govt.nz
    9 hours ago

  • Comprehensive Partnership the goal for NZ and the Philippines
    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 ...
    BeehiveBy beehive.govt.nz
    20 hours ago

  • Government commits $20m to Westport flood protection
    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 ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Taupō takes pole position
    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 ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Cost of living support for low-income homeowners
    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 ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Government backing mussel spat project
    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 - ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Government focused on getting people into work
    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 ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Clean energy key driver to reducing emissions
    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 ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Earthquake-prone buildings review brought forward
    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 ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Thailand and NZ to agree to Strategic Partnership
    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 ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Government consults on extending coastal permits for ports
    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 ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Inflation coming down, but more work to do
    Today’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 ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • School attendance restored as a priority in health advice
    Refreshed 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 ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Unnecessary bureaucracy cut in oceans sector
    Oceans 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 ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Patterson promoting NZ’s wool sector at International Congress
    Associate 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 ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Removing red tape to help early learners thrive
    The 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, ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • RMA changes to cut coal mining consent red tape
    Changes 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 ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • McClay reaffirms strong NZ-China trade relationship
    Trade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Prime Minister Luxon acknowledges legacy of Singapore Prime Minister Lee
    Prime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong.   Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • PMs Luxon and Lee deepen Singapore-NZ ties
    Prime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong.  During today’s meeting, Prime Minister Luxon ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Antarctica New Zealand Board appointments
    Foreign 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 ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Finance Minister travels to Washington DC
    Finance 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 ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Pet bonds a win/win for renters and landlords
    The 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 ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Long Tunnel for SH1 Wellington being considered
    State 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 ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • New Zealand condemns Iranian strikes
    Prime 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 ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Huge interest in Government’s infrastructure plans
    Hundreds 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 ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Health Minister thanks outgoing Health New Zealand Chair
    Health 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 ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Roads of National Significance planning underway
    The 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 ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Navigating an unstable global environment
    New 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 ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • NZ welcomes Australian Governor-General
    Prime 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 ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Pseudoephedrine back on shelves for Winter
    Associate 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 ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • NZ and the US: an ever closer partnership
    New 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 ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Joint US and NZ declaration
    April 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 ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • NZ and US to undertake further practical Pacific cooperation
    Foreign 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 ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2024-04-19T06:23:22+00:00