Written By: - Date published: 9:16 am, March 24th, 2017 - 91 comments
As widely reported this morning, Labour and the Greens have set out an agreed fiscal framework. Smart politics.
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.
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.
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.”
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.
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 […]
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.
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.
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.
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.
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”.
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?
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.”
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.
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?”
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.
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.
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.
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.
Written By: - Date published: 11:40 am, August 5th, 2016 - 35 comments
In a sign of just how stressed our economy is: “Inland Revenue is chasing employers for unpaid KiwiSaver contributions worth tens of millions of dollars.”
Written By: - Date published: 8:41 am, July 29th, 2016 - 25 comments
The Herald (Liam Dann) had a Terminator themed piece on the future of work yesterday. If only there was a party that was thinking about these long term issues!
Written By: - Date published: 12:21 pm, July 15th, 2016 - 23 comments
The fiction that National is doing a competent job of managing the economy is entirely due, now that the boom from Dairy and Christchurch rebuilding is ending, to immigration and rising house prices.
They are now riding a bolting horse that they cannot dismount, caused by their own inaction.