economy

Categories under economy

  • No categories

National’s economic report card fail

Written By: - Date published: 2:52 pm, April 18th, 2017 - 18 comments

Bill English reviews the economy

Though artificially boosted by high immigration and disaster rebuilds, the NZ economy is in the doldrums, and National are a failure even by their own goals and targets. I predict that National will soon abolish all targets, and that this will be “a sign of our success”.

Monbiot on the embedded economy

Written By: - Date published: 11:54 am, April 14th, 2017 - 10 comments

A model for a sustainable economy. Something to ponder on a wet holiday weekend.

Property porn vs. reality

Written By: - Date published: 8:46 am, April 10th, 2017 - 92 comments

Sick of the property porn on the Stuff and Herald websites? It was refreshing to read the truth for a change.

The neoliberal revolution

Written By: - Date published: 1:31 pm, April 1st, 2017 - 31 comments

Thirty years old today – the longest April Fool’s joke in history?

Trumping Idiocy

Written By: - Date published: 4:59 pm, March 29th, 2017 - 28 comments

If you are absolutely determined to be one of the idiot legion who’re forever squirreling their heads deeper into sand, then don’t read this post.

Labour Green fiscal framework

Written By: - Date published: 9:16 am, March 24th, 2017 - 97 comments

As widely reported this morning, Labour and the Greens have set out an agreed fiscal framework. Smart politics.

There are no surpluses

Written By: - Date published: 9:48 am, March 14th, 2017 - 38 comments

There are no surpluses in NZ right now, not in any real sense. There is only debt, negative externalities and deferred costs.

Household debt

Written By: - Date published: 11:47 am, March 8th, 2017 - 93 comments

The IMF warns that our household debt is far too high, as desperate tenants start raiding the Kiwisaver accounts to pay the rent.

Unemployment rate up

Written By: - Date published: 8:15 am, February 2nd, 2017 - 12 comments

Despite National’s fiddling the figures on the way unemployment is counted, the unemployment rate is on the rise again.

Labour gets serious about regional development

Written By: - Date published: 1:46 pm, February 1st, 2017 - 46 comments

Labour is serious about regional development. It is proposing a 10 year $200m package of regional initiatives. The first of these was just announced in Dunedin.

Hickey on surpluses and Key’s bullshit

Written By: - Date published: 9:17 am, December 4th, 2016 - 36 comments

Bernard Hickey: “It is extraordinary for the Prime Minister to call the Treasury’s short and long term forecasts a “load of nonsense” and yet rely on the medium term ones to promise all manner of riches to voters on the eve of an election.”

Treasury predictions – not good

Written By: - Date published: 8:08 am, November 27th, 2016 - 65 comments

Brian Fallow in The Herald summarises the take-home messages from the latest Treasury report. National have us on track to disaster.

The sharemarket moved because…

Written By: - Date published: 10:07 am, November 23rd, 2016 - 17 comments

This is just something that gets my goat, and there was a particularly egregious example on the RNZ Business News this morning. Apparently Wall St was going ‘gangbusters’, and the reason they came up with for that was ‘Wall St’ liking Donald Trump’s policies (lowering tax and building infrastructure apparently).  Not long ago Wall St […]

National tries to have it both ways

Written By: - Date published: 8:31 am, November 19th, 2016 - 51 comments

Despite the Kaikoura earthquakes, the damage to the Capital and the fact the EQC fund is now in deficit, the Government is still holding out the possibility of tax cuts in election year.

I’m a Muslim, an Immigrant and I voted Trump

Written By: - Date published: 12:54 pm, November 14th, 2016 - 234 comments

Take a deep breath and transcend your fear.

Grant Robertson: Future of Work

Written By: - Date published: 11:25 am, November 9th, 2016 - 10 comments

At the Labour Conference over the weekend, Grant Robertson announced the results of the Future of Work Commission.  Ideas for policy to cope with a new age of work.

The Future of Work Commission report

Written By: - Date published: 8:59 am, November 6th, 2016 - 17 comments

The Future of Work Commission report has now been released. It contains 63 recommendations including the tentative implementation of a universal basic income and a that voluntary work for approved organisations allow beneficiaries to continue to receive a benefit.

Nats backsliding on tax haven law changes

Written By: - Date published: 7:54 am, November 1st, 2016 - 20 comments

The Nats are backsliding on implementing the law changes brought on by the Panama Papers revelations. If European regulators blacklist us the consequences will be catastrophic.

Workers’ rights – the Uber ruling

Written By: - Date published: 8:26 am, October 30th, 2016 - 34 comments

Recent decision in the UK is a victory for workers and their rights.

Tax cuts hard to sell

Written By: - Date published: 8:32 am, October 19th, 2016 - 8 comments

Herald: “…the Government ought to be banking surpluses, just as Sir Michael Cullen did during the boom of 2000-2007”.

Tax-cuts or… Health

Written By: - Date published: 8:16 am, October 18th, 2016 - 133 comments

Health – particularly mental health – is underfunded, resulting in strikes over patient safety and units shutdown due to staff shortages. And unnecessary deaths. So why is the government even thinking about tax-cuts when our services need investment?

Hickey on debt

Written By: - Date published: 10:33 am, October 16th, 2016 - 30 comments

Hickey in The Herald on Sunday: “Our household debt to income ratio of 165 per cent is now about 5 per cent above those previous highs of 2008 and rising quickly as debt rises around twice as fast as incomes.”

Economics is still lost

Written By: - Date published: 12:25 pm, September 20th, 2016 - 54 comments

Paul Romer is an economist highly respected by his peers, and about to become the Chief Economist at the World Bank. He’s also just published a paper rubbishing the last 3 decades of macroeconomics.

Martin Wolf, chief economics commentator at the Financial Times is challenging fractional reserve banking. It’s certainly time for some new ideas.

Robertson: Lessons from the Future of Work Commission

Written By: - Date published: 1:22 pm, August 26th, 2016 - 10 comments

Robertson: “What is the economic paradigm that will meet the challenge of world of less secure work, more automation?”

Between what we want and what we need

Written By: - Date published: 8:00 am, August 19th, 2016 - 122 comments

New Zealand is slowly losing faith with this Government and this is why.

Spark – kudos

Written By: - Date published: 8:05 am, August 15th, 2016 - 30 comments

Our wages are too low generally, and this is one of the main economic challenges that we face. A few more employers committing to paying a living wage would be a good place to start.

Globalisation and global incomes (the “elephant graph”)

Written By: - Date published: 7:01 am, August 14th, 2016 - 55 comments

An elegant graph explains why free trade is a good thing, but why it is causing a backlash in rich “Western” countries.

Left Side Story: What do New Zealanders actually earn?

Written By: - Date published: 7:02 am, August 12th, 2016 - 91 comments

Reprinted with permission, by Deborah Russell from Left Side Story: What do New Zealanders actually earn? And why we need to understand these figures.

Immigration jobs and housing

Written By: - Date published: 12:46 pm, August 11th, 2016 - 88 comments

Until we sort out our housing and unemployment problems it is surely time to reign in NZ’s currently record levels of immigration.

Reserve bank cuts OCR to record low

Written By: - Date published: 9:21 am, August 11th, 2016 - 28 comments

The Reserve Bank just cut the OCR to a historic low of 2%. And no it’s not good (economic) news.

Stiglitz on the globalisation revolt

Written By: - Date published: 7:54 am, August 8th, 2016 - 69 comments

Globalisation is facing a popular revolt. Economist Joseph Stiglitz explains why.

Recent Comments

Recent Posts

  • Bring back the Mental Health Commission
    The People’s Mental Health Review is a much needed wake up call for the Government on mental health, says the Leader of the Opposition Andrew Little.   “I applaud their proposal to restore a Mental Health Commission and their call for ...
    1 day ago
  • And the band played on…
    Making Amy Adams the Housing Minister five months out from the election is just the orchestra playing on as National’s Titanic housing crisis slips below the waves – along with the hopes and dreams of countless Kiwi families, says Labour’s ...
    1 day ago
  • Hotel no place for children in care
    ...
    4 days ago
  • Maybe not, Minister? Nick Smith’s housing measure suppressed
    Sir Humphrey: Minister, remember the Housing Affordability Measure work you asked us to prepare back in 2012? Well, it’s ready now.Minister Smith: Oh goodie, what does it say?Sir Humphrey: Nothing.Minister Smith: Nothing?Sir Humphrey: Well, sir, you asked us to prepare ...
    4 days ago
  • Inflation data shows many New Zealanders are worse off under National
    The latest inflation data from Statistics New Zealand shows that too many New Zealanders are now worse off under the National Government, said Labour’s Finance Spokesperson Grant Robertson “Consumer Price Inflation (CPI) is now running at 2.2 per cent, and ...
    5 days ago
  • Another emergency housing grant blow out
      Emergency housing grants data released today show another blow out in spending on putting homeless people up in motels, says Labour’s Housing spokesperson Phil Twyford.   ...
    5 days ago
  • Families struggle as hardship grants increase
    The considerable increase in hardship grants shows that more and more Kiwi families are struggling to put food on the table and pay for basic schooling, says Labour’s Social Development spokesperson Carmel Sepuloni. ...
    5 days ago
  • More tinkering, no leadership from Nats on immigration
    National’s latest tinkering with the immigration system is another attempt to create the appearance of action without actually doing anything meaningful, says Leader of the Opposition Andrew Little. ...
    6 days ago
  • Suicide figures make for grim reading
    The 506 suspected suicides of Kiwis who have been in the care of mental health services in the last four years show that these services are under severe stress, says Labour’s Health spokesperson David Clark.   “If you do the ...
    1 week ago
  • Pay equity deal a victory for determination and unions
    The pay equity settlement revealed today for around 55,000 low-paid workers was hard-won by a determined Kristine Bartlett backed by her union, up against sheer Government resistance to paying Kiwis their fair share, says Labour Leader Andrew Little. “Labour welcomes ...
    1 week ago
  • DHB’s forced to make tough choices
    The Minister of Health today admitted that the country’s District Health Boards were having to spend more than their ring fenced expenditure on Mental Health, says Labour’s Health spokesperson David Clark.   “The situation is serious with Capital and Coast ...
    2 weeks ago
  • Nats break emergency housing pledge – deliver just five more places
    Despite National’s promises of 2,200 emergency housing beds, just 737 were provided in the March Quarter, an increase of only five from six months earlier, says Labour’s Housing spokesperson Phil Twyford. ...
    2 weeks ago
  • Research underlines need for KiwiBuild
    New research showing the social and fiscal benefits of homeownership underlines the need for a massive government-backed building programme like KiwiBuild, says Labour’s housing spokesperson Phil Twyford. ...
    2 weeks ago
  • Social data security review too little, too late
    The independent review into the Ministry of Social Development’s individual client level data IT system is too little, too late, says Labour’s Social Development spokesperson Carmel Sepuloni. “The Minister of Social Development has finally seen some sense and called for ...
    2 weeks ago
  • More questions raised on CERA conflicts
    With the admission that three more former CERA staff members are under suspicion of not appropriately managing conflicts of interest related to the Canterbury rebuild, it’s imperative that CERA’s successor organisation Ōtākaro fronts up to Parliamentary questions, says Labour’s Canterbury ...
    2 weeks ago
  • Labour to tackle Hutt housing crisis
    Labour will build a mix of 400 state houses and affordable KiwiBuild homes in the Hutt Valley in its first term in government to tackle the housing crisis there, says Leader of the Opposition Andrew Little. “Housing in the Hutt ...
    2 weeks ago
  • Farewell to John Clarke
    This wonderfully talented man has been claimed by Australia, but how I remember John Clarke is as a young Wellington actor who performed satirical pieces in a show called “Knickers” at Downstage Theatre. The show featured other future luminaries like ...
    GreensBy Catherine Delahunty
    2 weeks ago
  • Valedictory Speech
    Te papa pounamu Aotearoa NZ Karanga karanga karanga; Nga tupuna Haere haere haere; Te kahui ora te korowai o tenei whare; E tu e tu ... tutahi tonu Ki a koutou oku hoa mahi ki Te Kawanatanga; Noho mai noho ...
    2 weeks ago
  • Buck stops with Gerry Brownlee
    The fact that the State Services Commission has referred the CERA conflict of interest issue to the Serious Fraud Office is a positive move, but one that raises serious questions about the Government’s oversight of the rebuild, says Labour Canterbury ...
    2 weeks ago
  • Teachers deserve a democratic Education Council
    Teachers around New Zealand reeling from the news that their registration fees could more than double will be even angrier that the National Government has removed their ability to have any say about who sits on the Council that sets ...
    2 weeks ago
  • Free trade backers are simply out of touch
    Are the backers of free trade out of touch with public opinion? This was the question asked when the Chartered Accountants launched their Future of Trade study. I was astonished by the answer in a room of free trade enthusiasts ...
    GreensBy Barry Coates
    2 weeks ago
  • John Clarke aka Fred Dagg will be missed by all Kiwis
    The man who revolutionised comedy on both sides of the Tasman, John Clarke, will be sadly missed by Kiwis and Aussies alike, says the Leader of the Opposition Andrew Little.   “I grew up with Fred Dagg and I am ...
    2 weeks ago
  • Labour’s modern approach to monetary policy
    A commitment to full employment and a more transparent process to provide market certainty are the hallmarks of Labour’s proposals for a new approach to monetary policy, says Labour’s Finance spokesperson Grant Robertson. ...
    2 weeks ago
  • Greens back Labour’s plan for monetary policy reform
    Labour plans to change the way we do monetary policy in New Zealand and the Green Party supports them fully. We’re now of a single mind on this. Labour will move away from our reliance on a single, unelected person ...
    GreensBy robert.ashe
    2 weeks ago
  • Greens back Labour’s monetary policy reform
    Labour plans to change the way we do monetary policy in New Zealand and the Green Party supports them fully. We’re now of a single mind on this. Labour will move away from our reliance on a single, unelected person ...
    GreensBy James Shaw
    2 weeks ago
  • Govt drops ball on Masters Games housing squeeze
    Families currently living in emergency accommodation face being forced out onto the street as motel accommodation in Auckland is filled up by contestants and visitors of the World Masters Games in coming weeks, says Labours social development spokesperson Carmel Sepuloni. ...
    2 weeks ago
  • State inquiry for Nga Morehu – The Survivors of State Abuse
    The Prime Minister must show humanitarian leadership and launch an independent inquiry into historic claims of abuse of children who were in State care, says Labour’s Deputy Leader Jacinda Ardern. ...
    2 weeks ago
  • Coleman – ‘overwhelmed by disinterest’ and ‘conked out’
    Today’s trenchant criticism of the Government’s health policy by Ian Powell the executive director of the Association of Salaried Medical Specialists must trigger action by the Minister, says Labour’s spokesperson for Health David Clark. ...
    2 weeks ago
  • Statement on Syria
    Like the rest of the world, I have been horrified at the chemical attack on innocent Syrians that led to the deaths of so many men, women and children,” says Labour Leader Andrew Little. “The deliberate attack on civilians as ...
    3 weeks ago
  • The hard truth about that soft drink ad
    I am relieved that Pepsi has pulled its ridiculous commercial that obscenely co-opted the #BlackLivesMatter movement. At the very least, it was an awkward failure that tried too hard to be something it could never be. At its worst, it ...
    GreensBy Marama Davidson
    3 weeks ago
  • Journalism Matters: Interesting the public in the public interest
    Last week I launched two policies to support Kiwi journalism because as Bill Moyers put it, “the quality of democracy and the quality of journalism is deeply intertwined.” Journalism matters because it’s how we discover what’s happening in our world, ...
    GreensBy Gareth Hughes
    3 weeks ago
  • Homeownership rate hits new low; KiwiBuild needed now
    The homeownership rate has fallen to just 63.1 per cent, according to Statistics New Zealand’s newly released Dwelling and Household estimates. That’s down three per cent under National to the lowest level since 1951, confirming the need for Labour’s KiwiBuild ...
    3 weeks ago
  • OECD endorses Labour’s Future of Work approach
    An OECD report released today, highlighting the need for increased support for workers who are made redundant, is a strong endorsement of the direction of Labour’s Future of Work Commission, says Labour’s Employment spokesperson Grant Robertson. “We welcome the OECD’s ...
    3 weeks ago
  • The Government knows diddly squat about health funding
    Asked about the funding of the Auckland Regional Public Health Service, the Associate Minister of Health was at sea today on the typhoid outbreak, says Labour’s Health spokesperson David Clark.   “When I asked Nicky Wagner who was responsible for the ...
    3 weeks ago
  • Nicky Wagner blames disability workers for Govt’s funding failure
    Nicky Wagner displayed disrespect and sheer arrogance when she insulted disability support workers today, says Labour’s Disability Issues spokesperson Poto Williams. ...
    3 weeks ago
  • Parata in denial over special education crisis
    Hekia Parata has her head buried in the sand when it comes to the pressure that schools are under as they attempt to cope with an increasing number of children with severe behavioural and other learning support needs, says Labour’s ...
    3 weeks ago
  • Data-for-funding move hits Privacy roadblock
    The Government’s much-criticised grab for private client data from social service organisations has suffered another defeat after the Privacy Commissioner’s damning report, says Labour’s Social Development spokesperson Carmel Sepuloni. “This is a defeat for the Government’s plans to force social ...
    3 weeks ago
  • New research shows need for government-led house building
    Research by economist Shamubeel Eaqub shows the need for the government to lead the building of affordable starter homes, as would happen under Labour’s KiwiBuild policy, says Labour’s Housing spokesperson Phil Twyford. ...
    3 weeks ago
  • Kiwis need answers on typhoid outbreak
      The Ministry of Health wasn’t told about the typhoid outbreak until 11 days after three people from the same church were admitted to hospital, says Labour’s spokesperson for Health David Clark.   “It is no longer credible for the Minister ...
    3 weeks ago
  • Maori Party gets it wrong again on RMA
    The Māori Party is missing the big picture on National’s Resource Management Act reforms by supporting a fundamentally flawed Bill, says Labour’s Local Government spokesperson Meka Whaitiri. ...
    3 weeks ago
  • Maori Party error own goal on GM
    The Maori Party amendment to the Resource Legislation Amendment Bill does not achieve what they say it does on genetic modification, says Labour’s Environment spokesperson David Parker. “Their amendment relates to the new powers given to the Minister to over-ride ...
    3 weeks ago