economy
Categories under economy
- No categories
Have National’s asset sales officially cost more than they’ll earn?
Written By: - Date published: 7:00 pm, September 22nd, 2013 - 51 comments
In a previous post at The Standard I did a wee bit of math and came to the conclusion that National has already made $5.26 billion worth of spending promises out of the Future Investment Fund, the not-actually-a-fund chunk of cash they plan to make from selling taxpayer-built infrastructure to their mates. Things have developed. […]
Beyond the MSM? You Bet!
Written By: - Date published: 10:18 am, September 20th, 2013 - 221 comments
David Cunliffe spoke to the Left base in the Daily Blog Live interview last night: economy, tax, employment, GCSB, TPPA & more. He raises hopes for a new, post GFC social democratic vision. But he spoke to those with economic & policy knowledge. His nods towards better social security, away from bennie bashing, need fleshing out.
The bankster memorandum
Written By: - Date published: 10:41 am, September 9th, 2013 - 160 comments
John Key honed his skills as a speculative banker. As PM, this casino capitalist has undermined democracy, & promoted international corporate interests, while beneficiaries & workers are brutalised, inequalities enhanced and NZ’s economy & sovereignty damaged. Does one Labour leader contender have his number measure?
UBI. (Universal Basic Income).
Written By: - Date published: 11:58 am, September 5th, 2013 - 232 comments
The concept of UBI has a long history in New Zealand.
Of course, we already have a UBI for those over 65. Which has been extremely successful at eliminating poverty amongst the elderly, at a very moderate cost by international standards.
Losing your job
Written By: - Date published: 11:42 am, August 23rd, 2013 - 73 comments
David Shearer is not the only one to lose his job this month. It’s quite a list, when you add it up…
GCSB & TICS
Written By: - Date published: 7:13 am, August 23rd, 2013 - 52 comments
There will be plenty of coverage of the Labour leadership process here on The Standard, I don’t feel any need to contribute. There are too many other important matters that mustn’t fall under the radar. You thought the GCSB spying Bill was bad? The TICS bill is worse.
Oram on Nats’ economic bungles
Written By: - Date published: 8:44 am, August 19th, 2013 - 59 comments
The first of two required reading pieces from the weekend. Financial journalist Rod Oram sums up the Nats economic performance in an excellent piece in the SST. “Is damage control an economic development strategy?”
Cheap and nasty
Written By: - Date published: 8:49 am, August 17th, 2013 - 36 comments
Having been burned by the cheapest tender and the leaky building fiasco, the Nats say that they have now worked out that the cheapest tender is not necessarily the best. (Brilliant eh?) If only it was true that they had really learned the lesson…
It wasn’t a dirty pipe
Written By: - Date published: 8:27 am, August 15th, 2013 - 205 comments
It wasn’t a dirty pipe. That is the claim made by veterinarian and farm performance consultant Frank Rowson, as reported by Stuff yesterday. Rowson says “This disease originates in contaminated feed and animal manure”. Let the enquiries begin – we need to be honest about the problem and fix it.
Key needs to get real on Fonterra crisis
Written By: - Date published: 12:11 pm, August 11th, 2013 - 128 comments
The Fonterra fiasco is turning into a genuine crisis and a huge risk to our economy. John Key needs to stop playing politics and get real. It’s urgent.
Market not impressed with $30 Million payout
Written By: - Date published: 7:11 am, August 9th, 2013 - 89 comments
Yesterday John Key gave $30 Million of tax payer’s money to Rio Tinto in order to prop up its electricity deal with Meridian – and thus to prop up his privatisation ideology. Mighty River Power shares took a hit. Smart investors getting out?
Another $30 Million to prop up Meridian sale
Written By: - Date published: 10:08 am, August 8th, 2013 - 55 comments
John Key just spent another $30 Million of tax payer’s money to prop up his privatisation ideology.
Bob Jones – National vs Labour on the economy
Written By: - Date published: 7:08 am, August 8th, 2013 - 84 comments
In an otherwise typically dull piece in The Herald recently, Bob Jones finished up with a typically blunt assessment of the impact of Labour and National governments on the economy. It seems that Jones can acknowledge the truth that most right-wingers try and deny.
Still waiting for that recovery…
Written By: - Date published: 3:32 pm, August 7th, 2013 - 80 comments
So the economic data is out and unemployment is up and wages are flat – the lowest rate of wage increase since 2010. 45% of employees didn’t get a pay rise.
The reason the stats overall aren’t worse is the big increase in employment in Canterbury, as the government relies on an earthquake-led recovery. The number of unemployed is still up 46% since National took office. That’s 48,000 Kiwis who would rather be working.
Still waiting for that Brighter FutureTM.
The magical world of New Zealand’s, Neo-Liberal right wing.
Written By: - Date published: 6:06 am, August 1st, 2013 - 83 comments
It has been obvious that some people live in a different world than the rest of us. One where Chicago school economics, work! One where you save the village by blowing it up! One where global warming can be stopped, Canute like, by legislation. One where dropping wages and giving everything to bloated financiers, makes […]
National Party economics: make $2 billion, spend 5
Written By: - Date published: 7:00 pm, June 29th, 2013 - 89 comments
The National Party are the good economic managers, right? So why are they spending money we don’t actually have yet?
Show us the money
Written By: - Date published: 11:22 am, June 29th, 2013 - 56 comments
National’s spend-up promises in Auckland look like panicky policy on the hoof. Where is all this money going to come from? Key says they’ll just write a cheque!
Anemic recovery
Written By: - Date published: 7:49 am, June 24th, 2013 - 113 comments
Despite the heroic efforts of National’s spinsters the economic “recovery” remains anemic. We’re still behind 2007, and what recovery there is seems to be largely driven by another property bubble, and captured by a few. All National have managed is to hold us back for four years.
Slogan politics
Written By: - Date published: 10:32 am, June 20th, 2013 - 82 comments
We have an unfortunate tendency in New Zealand to reduce politics to dumb slogans. The “fart tax” was a classic example. The current case in point is “printing money”.
The Blame Game.
Written By: - Date published: 9:14 am, June 20th, 2013 - 84 comments
Blame beneficiaries, blame the young, blame the old, blame the boomers, blame Maori, blame Pakeha, blame granny, hell, why don’t we just blame the Jews! Anything except place the blame where it belongs. On successive Governments who have sold us out to the rich, and offshore corporates. And the system which allows a few stupid […]
The nub of the issue
Written By: - Date published: 11:16 am, June 19th, 2013 - 112 comments
John Key can’t admit there’s a crisis in manufacturing. His response is to huff and puff and call people bozos. Not good enough. Here are some basic questions that Key should be able to answer…
Ode to Phil Twyford
Written By: - Date published: 6:08 am, June 6th, 2013 - 24 comments
I was impressed by Phil Twyford’s analysis of the Government’s housing policies announced in the budget. I thought his best point was that only this Government could announce a housing affordability policy with the eviction of 3000 state housing tenants as its centre piece!
OECD report leans left
Written By: - Date published: 11:56 am, June 5th, 2013 - 24 comments
Both sides of the political spectrum will draw some comfort from the recent OECD report on our economy, but overall the report is much better aligned with Labour / Green policy.
Shocking the people into submission
Written By: - Date published: 10:10 am, May 29th, 2013 - 24 comments
Last night The Shock Doctrine (2009) aired on Maori TV. John Key, and his cheerleaders have followed their latest series of shock-inducing attacks on democratic processes and (low income) people’s rights, with positive forecasts for our future. Meanwhile, the gap between the haves & have-nots has grown.
Budget roundup
Written By: - Date published: 11:46 am, May 16th, 2013 - 213 comments
Budget links and reaction (updates to come).
Four years of misguided austerity have delayed any recovery.
Despite the advance publicity there is nothing significant here for families in poverty.
The budget’s flawed premise
Written By: - Date published: 1:02 pm, May 15th, 2013 - 27 comments
The whole austerity driven focus of the budget and National’s economic policy is based on a premise which is in turn based on a spreadsheet error.
Shearer’s pre budget speech
Written By: - Date published: 12:24 pm, May 8th, 2013 - 20 comments
This morning David Shearer gave Labour’s “pre budget” speech. No new policy, but plenty of good one-liners and a strong statement of Labour’s position.
Nats have held us back for four years
Written By: - Date published: 7:47 am, May 8th, 2013 - 22 comments
We’re in yet another round of talk of “green shoots” of economic recovery, complete with the hype of an optimistic budget. Maybe they’re right this time, but the recovery, when it does happen, will be in spite of the National government, not because of them. All National have done is hold us back for four years.
Supporting NZ Power
Written By: - Date published: 12:37 pm, May 6th, 2013 - 12 comments
The chief executive of the New Zealand Manufacturers and Exporters Association supports the Labour / Green electricity proposals.
It’s not us: it’s the big banks
Written By: - Date published: 10:01 am, April 29th, 2013 - 31 comments
MSM articles show the big Aussie banks are making record profits, Kiwis can save, and Adam Smith worshiping think tanks are not to be trusted. Cunliffe & Norman said it a while back – NAct policies and government spending cuts are not the answer.
Reaction to NZ power
Written By: - Date published: 7:09 am, April 20th, 2013 - 98 comments
The Labour / Green electricity proposals picked up very significant support from Vector CEO Simon Mackenzie. Other analysts and commentators have weighed in with support, while some of the reaction from the business community has been (like the Nats) bordering on the unhinged.
- Ministers block Kāinga Ora bid to develop housing in Tauranga growth zone
No special treatment for Tauranga’s Western Corridor, but the city’s mayor says the Govt’s new tools might work better The post Ministers block Kāinga Ora bid to develop housing in Tauranga growth zone appeared first on Newsroom. ...2 weeks ago - Ranking the Dunedin malls that are actually one mall
One mall to rule them all, one mall to find them, one mall to bring them all, and in the darkness bind them; in the Meridian where the shadows lie. This is the fifth and final instalment in our Malls of New Zealand ranking series. In order to answer the ...2 weeks ago - The most memorable local television moments of 2024
From Chris Warner’s beard to Newshub’s tearful goodbye, here are the TV moments that gripped the nation this year. We’re not going to lie, it has been a tough year for television in Aotearoa. We’ve lost current affairs institutions that have been around for decades and likely seen the end ...2 weeks ago
- Parliament fraying at the seams in final weeks
Tempers are fraying as under-pressure MPs get through a final punishing fortnight of the year The post Parliament fraying at the seams in final weeks appeared first on Newsroom. ...2 weeks ago
- ‘Unprecedented’ fast-track ruling bulldozes past a tricky question
Speaker pushes past argument over the public v private benefits of a law fast-tracking 149 named projects The post ‘Unprecedented’ fast-track ruling bulldozes past a tricky question appeared first on Newsroom. ...2 weeks ago
- Newsroom daily quiz, Friday 13 December
Loading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('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, Friday 13 December appeared first on Newsroom. ...2 weeks ago
- The year in Detail
Sharon Brettkelly is a serious journalist, formerly specialising in finance, who beavers away explaining the top news stories of the moment for The Detail.But her favourite episodes this year, she says, shows how shallow she really is.“Married at First Sight … that was a lot of fun … Shortland Street ...2 weeks ago
- Daily crossword, Friday 13 December
The post Daily crossword, Friday 13 December appeared first on Newsroom. ...2 weeks ago
- Two steps forward on pay gaps – let’s make it three
Opinion: Next step is for businesses to report their gender and ethnic pay gaps The post Two steps forward on pay gaps – let’s make it three appeared first on Newsroom. ...2 weeks ago
- The way NZ treats animals is a race to the bottom
Racing Minister Winston Peters’ decision to ban greyhound racing from 2026 was both courageous and evidence-led. It is a rare good news story for anyone who cares about the interests of animals, and warrants celebration. It was also astonishingly overdue, and successive governments’ delay in arriving at the only logical ...2 weeks ago
- The bestselling books at Xmas
We have given away oh probably like 40 books this year in our weekly contest published every Friday within the Nielsen BookScan bestseller chart. We have one final book up for grabs in 2024. Simply identify one book in this week’s chart – and get into the spirit of Xmas ...2 weeks ago
- Is the economy responding to interest rate cuts?
Opinion: There is a general expectation that cuts in interest rates will eventually pull the economy out of recession. The Official Cash Rate (OCR) has been slashed 125bps since August. It’s early days, but folk are starting to ask if we’re seeing a response.Below, we check in on some of ...2 weeks ago
- ‘No rehabilitation, no parole’ bill enters lock-up
The Parole Board has ‘grave concerns’ about a draft law tying parole eligibility to rehabilitation The post ‘No rehabilitation, no parole’ bill enters lock-up appeared first on Newsroom. ...2 weeks ago
- New Zealand COVID-19 Inquiry Endorses Abandonment Of Elimination Strategy
The scientific knowledge & resources exist that could eliminate COVID-19 & other preventable diseases. If the elimination strategy initially adopted in New Zealand & China had been implemented on a global scale, the COVID pandemic could have been ...2 weeks ago - New Sex Education Curriculum Should Be Age Appropriate And Scientifically Accurate, Women’s Rights...
The current guidelines, which cover 1-10 yrs, are to be replaced by a refreshed curriculum that would define the core knowledge & skills students should learn at each age, & will look at extending compulsory relationships & sexuality education to senior ...2 weeks ago
- Raw Politics picks the best and worst of 2024 – and 2025
Four different MPs are nominated by our four Raw Politics panelists for the honour of standout politician of 2024 – and consensus is hard to come by for many of our other accolades.The Raw Politics podcast weighs the good and bad for 2024 – leaders, new MPs, policy pushes, controversies and cringeworthy ...2 weeks ago
- What we should have done with Candace Owens is nothing
Immigration NZ could have made any decision on the controversial speaker’s visa and it would’ve been better than a minister intervening. It’s happened again. As the world turned and things progressed in their natural way, we as a country have managed to trip over our own feet, face first into ...2 weeks ago
- Minister Reverses Visa Denial, Allows Candace Owens Access To New Zealand: Massive Win For Kiwis’ ...
Those calling for censorship should take note: denying Owens’ entry into the country has simply widened interest in her. Those who disagree with Owens should channel that into counter speech and peaceful protest – cancellation won’t get us anywhere. ...2 weeks ago
- Gone By Lunchtime: A plan to have a plan about some ferries
Ready the lifeboats: the coalition boat appears to be listing. Twelve months after the coalition government torpedoed the new ferry plan it had inherited, along with a wild cost blowout, from the previous government, a much heralded announcement finally arrived on Wednesday, and it provided plenty more questions that it ...2 weeks ago
- Govt Acting With Too Much Haste To Upend Established Flexible Work Practices
Te Kawa Mataaho today issued new flexible work guidelines just days after the PSA filed action with the Employment Relations Authority challenging the Government’s legal right to do so. ...2 weeks ago
- A love letter to community newspapers
Bethany Rolston looks back at the three years she wrote for the Te Awamutu Courier, one of the 14 NZME community newspapers set to close before Christmas. Looking back at the three years I was a journalist at the Te Awamutu Courier feels like a happy sort of fever ...2 weeks ago
- The Spinoff’s best NZ book covers of 2024
In which Claire Mabey judges this year’s New Zealand books by their covers. Among a sea of books some are more alluring than others, like tropical fishes glinting. The art of the book cover is a serious matter: the cover has to help the book stand out as well as ...2 weeks ago
- Will Taxpayer Bailouts Of Failing Skifield Never End?
“It’s time for the abuse of taxpayer money to stop, and start investing in things that will actually benefit hardworking Kiwis.” ...2 weeks ago
- Modern Slavery Legislation Drafted To Drive Cross Party Political Support For NZ Law
A team of independent experts has drafted legislation ready for immediate introduction to Parliament in a bid to fast-track progress on modern slavery laws with cross-party backing. ...2 weeks ago
- A brief history of celebrity cameos on Shortland Street
Ahead of Conan O’Brien’s Shortland Street cameo tonight, Alex Casey looks back at some of the more memorable cameos to grace Ferndale. Nothing signals the festive season better than a tall redhead American late show host visiting our favourite fictional hospital. Tonight, Conan O’Brien will don a pair of grape ...2 weeks ago
- Help Me Hera: How do I navigate Auckland traffic without going insane?
The selfishness of this city’s drivers never fails to ruin my day. How do I get from A to B without wishing punishment and retribution on my fellow commuters? Want Hera’s help? Email your problem to helpme@thespinoff.co.nz Help Me Hera! Why do I see Auckland driver behaviour (not letting people merge, tailgating, etc) ...2 weeks ago
- Own goal? Govt sets new $4b goalpost for ferries
This new Number of the Day is based on 42 very, very costly words in an old Treasury report, and some ‘spotty’ costings out of China and Korea The post Own goal? Govt sets new $4b goalpost for ferries appeared first on Newsroom. ...2 weeks ago
- An ‘announcement of an announcement’ of two new boats
The wait for replacement Interislander ferries will drag on until 2029, as ministers reveal a plan to buy two smaller ships, reports Joel MacManus reports from parliament. To receive The Bulletin in full each weekday, sign up here. Crown company created to procure two new Interislander ferries by 2029 The long-awaited ...2 weeks ago
- Communities swamped by torrent of new water reforms
Without the fire and fanfare of the previous Govt’s three waters reforms, the coalition has this week quietly introduced a 100,000-word whale of a water services bill The post Communities swamped by torrent of new water reforms appeared first on Newsroom. ...2 weeks ago
- From elusive principles to the year’s biggest loser – 2024 had it all
A lighthearted celebration: Newsroom’s political team awards the coveted annual political prizes – from Biggest Loser to Teen Choice The post From elusive principles to the year’s biggest loser – 2024 had it all appeared first on Newsroom. ...2 weeks ago
- National Iwi Chairs Forum Open Letter To King Charles
Signatories hope the letter will resonate with King Charles’s sense of justice and intervene to support a peaceful resolution to the damage this government is creating across communities. ...2 weeks ago
- The world in 2024, in one sentence
From ‘testing’ to ‘tiring’, there’s a clear theme. As 2024 draws to a close, we asked our pantheon of politics watchers to describe the world this year in one sentence, or even a single word. Here’s what they came up with. Madeleine Chapman (editor, The Spinoff) Relentless. Eric Crampton (chief ...2 weeks ago
- The inside story of Auckland’s Korean culinary boom
From fried chicken and franchises to fusion and fine dining, Korean cuisine has taken over Tāmaki Makaurau, fuelled by the same ‘soft power’ that made K-pop go global and mukbang go viral. Jihee Junn charts the rise. In 1991, Il Mee on Auckland’s Queen Street became the first Korean ...2 weeks ago
- The finalised second Emissions Reduction Plan is out – what’s in it and what’s not?
New Zealand’s second Emissions Reduction Plan has just been finalised, with eight key policies and a ‘technology-led’ approach. Shanti Mathias takes a look. This is an updated version of a piece that was published in July, when the draft Emissions Reduction Plan was released OK, so… what’s an Emissions Reduction ...2 weeks ago
- Final Emissions Reduction Plan ‘Woefully Inadequate’ – WWF-New Zealand
WWF-New Zealand’s CEO, Dr Kayla Kingdon-Bebb, says the utter lack of ambition in the plan shows the Government is not serious about tackling emissions in line with New Zealand’s international commitments and the Prime Minister’s own ‘performance ...2 weeks ago
- Council Urges Government To Drop Treaty Principles Bill
The Council has particular concerns that the Bill would negatively impact the trust and collaboration underpinning its long-standing relationship with Ngāi Tahu. ...2 weeks ago
- ‘A sick wish fulfilment fantasy, so badly written’: Harry Ricketts’ biggest book regret
Welcome to The Spinoff Books Confessional, in which we get to know the reading habits of Aotearoa writers, and guests. This week: Harry Ricketts – poet, literary scholar and author of memoir First Things and around 30 other books. The book I wish I’d written Byron’s comic verse-novel Don Juan. ...2 weeks ago
- Pure SEO Report Reveals Carbon Footprint Of New Zealand MPs
The critical analysis of MPs’ travel emissions reveals inefficiencies and discrepancies across all major parties. National leads in both expenses and emissions, with Labour close behind, reflecting the significant environmental impact of the dominant parties. ...2 weeks ago
- Kirihimete gift guide 2024: cool stuff from Māori and Pasifika-led brands
Our legendary guide is back to help you through another silly season. Note: When we first published this guide six years ago, it was about finding the small labels and makers out there and pointing hungry shoppers in their direction. Since then, there has been huge and exciting growth in ...2 weeks ago
- Five classic summer road trips, with burgers to match
Lollies and chips can only sustain you so far. Here are five of our favourite New Zealand road trips, with burger pairings to enjoy along the way. Auckland to Northland I know not everyone is a fan of new roads being built, but the drive from Auckland to Northland is ...2 weeks ago
Recent Comments