economy
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NRT: Inflation and poverty
Written By: - Date published: 4:13 pm, May 4th, 2017 - 8 comments
I/S at No Right Turn writes: “The CPI is out today, and it shows that the poor are getting poorer … This is a long-term trend. Since National took office, inflation for poor households has been nearly twice that of rich households.”
Gould explains how money works to Brash
Written By: - Date published: 12:06 pm, April 30th, 2017 - 157 comments
Interesting series of articles in The Herald, where Bryan Gould schools Don Brash on how money works.
Billions of lies
Written By: - Date published: 7:49 am, April 29th, 2017 - 41 comments
The Nats are settling in to election mode – smoke and mirrors. Steven Joyce feeds us billions of dollars worth of lies.
The case for higher wages
Written By: - Date published: 7:01 am, April 26th, 2017 - 31 comments
In the warm afterglow of the huge wage increase for health care workers the case for addressing NZ’s creaking low-wage economy is getting some recognition (along with the effect of immigration on wages).
National’s economic report card fail
Written By: - Date published: 2:52 pm, April 18th, 2017 - 18 comments
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 - 66 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 - 135 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 - 31 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.
- A return to balanced budgets is a decade away, mid-year update says
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The federal budget is headed for a deficit of $26.9 billion this financial year – $1.3 billion better than the estimate in May – but in the following three years the budget is forecast to ...6 days ago - Labor and Albanese end 2024 in worst poll position this term
Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne A national Essential poll , conducted December 11–15 from a sample of 1,151, gave the Coalition a 48–47 lead including undecided, unchanged ...6 days ago
- How feelings of disconnection and lack of control fuel conspiracy beliefs – new research
Source: The Conversation (Au and NZ) – By Elianne Albath, Postdoctoral Research Associate in Social Psychology, University of Basel Conspiracy theories have always been a part of society, offering explanations – sometimes simple, often elaborate – for complex events. Some have uncovered genuine conspiracies, such as the Watergate scandal. ...6 days ago
- Watch live: Lake Alice survivors to get $150,000 each in redress
Erica Stanford has unveiled the government's redress plan for those tortured at the psychiatric hospital. ...6 days ago - The Spinoff’s favourite music of 2024
From Eden Park stepping up to rappers stepping each other out, we look back at the best of music this year. Read The Spinoff’s favourite TV shows of 2024. We’re a very small team here at The Spinoff, but we’ve tried our best to up our music coverage this year. ...6 days ago - Vanuatu quake: Missing MFAT staff found safe, NZ offers search and rescue help
There are 58 New Zealanders registered as being in Vanuatu, though MFAT expects there are more who are not registered. ...6 days ago
- Government consults on engineered stone benchtop ban
Australia banned its use and manufacture in July. ...6 days ago
- Chris Penk rejects bid to change Petone’s name to Pito One
Chris Penk has said no to the change after it received backing from the . ...6 days ago
- How the Fast-track Approvals Bill became law
The contentious Fast-track Approvals Bill is now law - but it hit a few speed bumps on the way. ...6 days ago
- In six hours, everything changed: Watching Korea’s political turmoil from afar
In the aftermath of Yoon Suk-Yeol’s attempted insurrection, South Koreans around the world have been making their voices heard as they defend their homeland’s democratic institutions. Aotearoa is no exception, explains Rebekah Jaung. As we forge on ahead Those who live, follow on – from the song ‘March for Our ...6 days ago
- Kindergarten group fears rule overhaul will lower standards
Most early childhood groups backed changes to the sector's rules but Kindergartens Aotearoa said the review was focused on the needs of businesses rather than children. ...6 days ago
- Vanuatu quake: Death toll rises – 14 dead, hundreds hurt in 7.3 disaster
RNZ News The death toll from Vanuatu’s 7.3 earthquake is expected to rise because concrete buildings have collapsed with people inside in the capital Port Vila. International Federation of Red Cross Pacific head of delegation Katie Greenwood posted on X that the Vanuatu government was reporting 14 confirmed fatalities and ...6 days ago
- What happened to the Queenstown KFC road sign?
The iconic ‘No left turn except access to KFC’ road sign has vanished. Joel MacManus investigates. Queenstown is home to many of the world’s great natural wonders: Lake Wakatipu, The Remarkables and the only known skeleton of the New Zealand Mountain Dolphin. But all the beauty of mother nature pales ...6 days ago
- Calf’s head consommé with truffle quenelles: a history of what the royals ate for Christmas, from...
Source: The Conversation (Au and NZ) – By Lisa J. Hackett, Lecturer, Humanities, Arts and Social Sciences, University of New England Rijksmuseum As we prepare our Christmas fare – a hot roast with all the trimmings, a seafood smorgasbord or a beach-side barbecue – it is timely to think ...6 days ago
- Astronomers’ world-first discovery: twin stars trapped in galactic black hole orbit
Source: The Conversation (Au and NZ) – By Luke Barnes, Lecturer in Physics, Western Sydney University A laser aims at the centre of our galaxy, in the heart of the brightest part of the Milky Way. G. Hüdepohl/ESO At the centre of the Milky Way is a supermassive black hole ...6 days ago
- Most journalism fails Australians by failing in its reportage of Indigenous affairs. 7 changes would...
Source: The Conversation (Au and NZ) – By T.J. Thomson, Senior Lecturer in Visual Communication & Digital Media, RMIT University Alessia Francischiello via Unsplash Much has been written about the longstanding failings of the Australian media in its reportage of Indigenous affairs. The most recent example is the ...6 days ago
- We studied 20 places around the world and found the most common diseases linked with voluntary assis...
Source: The Conversation (Au and NZ) – By Eliana Close, Senior Research Fellow, Australian Centre for Health Law Research, Queensland University of Technology Ground Picture/Shutterstock More and more countries are legalising voluntary assisted dying. This lets a doctor, or sometimes a nurse practitioner, give life-ending medication to an eligible ...6 days ago
- A push to cool Australian cities may inadvertently increase our skin cancer risk, unless we act
Source: The Conversation (Au and NZ) – By Hugh Stanford, Researcher Associate, Centre for Urban Research, RMIT University Picture this: you’re working from home and it’s sweltering outside. You venture out for a coffee and move between patches of shade as you go. Good thing you wore your sunglasses, because ...6 days ago
- Some ancient Romans got to retire with a pension at 42, but retirement’s changed a bit over the ce...
Source: The Conversation (Au and NZ) – By Anthony Asher, Associate Professor in the UNSW Business School, UNSW Sydney siloto/Shutterstock This article is part of The Conversation’s “Retirement” series where experts examine issues including how much money we need to retire, retiring with debt, the psychological impact of retiring ...6 days ago
- Glam tidings of joy: how Slade made Merry Xmas Everybody a seasonal hit for the ages
Source: The Conversation (Au and NZ) – By Alison Blair, Teaching Fellow in Music, University of Otago Getty Images Are you hanging up your stocking on your wall? It’s the time that every Santa has a ball! You’ve probably just heard the 1973 Slade classic at the ...6 days ago
- The very long road to fiscal recovery
Treasury’s latest update showed only small glimmers of light at the end of the tunnel, writes Stewart Sowman-Lund for The Bulletin. To receive The Bulletin in full each weekday, sign up here. ...6 days ago
- Opposition accuses Nicola Willis of ‘creative accounting’
The finance minister's new indicator for measuring the budget has led to accusations of creative accounting from opposition parties. ...6 days ago
- Zombies given new life as fast-track passes into law
Ministers behind the bill say allowing certain projects to avoid extra scrutiny was a feature, not a bug, as fast-track is set for royal assent The post Zombies given new life as fast-track passes into law appeared first on Newsroom. ...6 days ago - Waitangi trust chair urges Christopher Luxon to show up Treaty grounds
The Waitangi National Trust chair hopes Christopher Luxon makes his way to the Treaty grounds for the annual commemorations. ...6 days ago
- Early childhood education regulations ‘excessive and confusing’ – Ministry
Children in early learning are at an unacceptable risk of harm due to gaps in the way the sector is monitored, the regulatory review of early childhood education says. ...6 days ago
- Allegations against TAB’s operator spark money laundering scrutiny
Racing Minister won’t say what’s being investigated: ‘You don’t tell a burglar when the cops are going to turn up’ The post Allegations against TAB’s operator spark money laundering scrutiny appeared first on Newsroom. ...6 days ago
- How the Fast-track Bill Approvals became law
The contentious Fast-track Approvals Bill is now law - but it hit a few speed bumps on the way. ...6 days ago
- The 2024 Golden Jandals for conspicuous contributions to NZ politics
Charge your glasses and gather around for the latest edition of the world’s most coveted footwear-themed political prizes, with your hosts, Toby Manhire and Ben McKay. Forget boot camps. This is the jandal academy. Affordable, rubbery, and radiating that unmistakable aroma of sea salt and toe sweat, the official ceremony ...6 days ago
- Our outlandish political predictions for 2024, revisited
This time last year, our esteemed team of political pundits made their wildest predictions for the year of our Lord 2024. Did anyone make an accurate call? Let’s find out. Madeleine Chapman: Barbara Edmonds reluctantly takes the position of Labour leader or deputy. Somewhat surprisingly, there has been no movement ...6 days ago
- Winton’s Kāinga Ora lawsuit balloons to $305m-plus
Despite donating to governing parties, developer widens legal case to encompass multiple stymied housing projects The post Winton’s Kāinga Ora lawsuit balloons to $305m-plus appeared first on Newsroom. ...6 days ago
- Xmas: Best coffee table book
Okay so the next day, the very next day, that my feature on the top 10 coffee table books of the year was published last week in ReadingRoom, I came across a courier package in the corner of my room, opened it up, and it revealed not just a book ...6 days ago
- Government’s ‘abject failure’ on secrecy clauses
Govt agencies are giving themselves a ‘get out of jail free card’ on OIA requirements, observers say The post Government’s ‘abject failure’ on secrecy clauses appeared first on Newsroom. ...6 days ago
- Why universities must be neutral
Opinion: Academic freedom is key to exploring ideas in the classroom and to produce innovative research The post Why universities must be neutral appeared first on Newsroom. ...6 days ago
- It’s not just Bella’s runs – it’s the way she’s getting runs
If Bella James opens the batting with Suzie Bates for her country in the Rose Bowl series starting this Thursday, it’ll be the ultimate full circle moment for the 25-year-old opening batter.White Ferns legend Bates is a key reason James started playing cricket. As an 11-year-old, James and her Arrowtown ...6 days ago
- Teachers’ union to file Waitangi Tribunal claim
Largest education union to file a claim, focusing on policies like the $30m cut to te reo Māori teacher training The post Teachers’ union to file Waitangi Tribunal claim appeared first on Newsroom. ...6 days ago
- Silly season sees Seymour sitting in last chance hair salon
Opinion: Latest regulatory review looks more like a photo-op than anything substantive The post Silly season sees Seymour sitting in last chance hair salon appeared first on Newsroom. ...6 days ago
- Newsroom daily quiz, Wednesday 18 December
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- More redundant Ruapehu infrastructure lands on DoC’s plate
Whakapapa’s buyer has not sought ownership of two cafés and other infrastructure in its DoC application The post More redundant Ruapehu infrastructure lands on DoC’s plate appeared first on Newsroom. ...6 days ago
- A double salute to the Syrian people
Analysis: What a difference a month makes in the kaleidoscopic Middle East. The outlook for the region over the past year or more has been very dark to say the least.Reckless zero-sum narratives have hardened and securitised identity politics adding accelerant to devastating conflicts stretching from Gaza to Lebanon and ...6 days ago
- Daily crossword, Wednesday 18 December
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