economy
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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.
Employers failing Kiwsaver obligations
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.”
We can’t say we weren’t warned
Written By: - Date published: 7:12 am, August 1st, 2016 - 190 comments
When the Auckland housing bubble bursts a lot of people are going to lose a lot of money. They won’t be able to say they weren’t warned.
The future of work
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!
Oram – seven warning signs for the economy
Written By: - Date published: 10:07 am, July 24th, 2016 - 23 comments
Rod Oram’s Sunday Star-Times, reprinted on Facebook here, adds yet another voice to the chorous of economic warnings: “Our Road Runner economy is zooming towards the cliff-edge”…
National’s Rodeo.
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.
Our zombie economy
Written By: - Date published: 7:04 am, June 22nd, 2016 - 149 comments
It’s basically flat-lining – only partially animated by immigration and a housing bubble.
Official climate change fraud
Written By: - Date published: 7:39 am, June 14th, 2016 - 136 comments
Scientists and experts have been knowingly understating the unfolding climate change catastrophe to governments and decision makers. Why? For the sake of what is “politically palatable”.
Essential reading – Hickey on immigration
Written By: - Date published: 10:26 am, June 12th, 2016 - 133 comments
Hickey: “Helping employers to bring in low-skilled migrants instead of investing in new technology and becoming more productive so they can pay local workers more is essentially stunting our productivity and real GDP per capita.”
Indigenous Perspectives
Written By: - Date published: 1:55 pm, May 29th, 2016 - 30 comments
“It is possible to live in a society with a world view that does not include empire”
– Winona LaDuke
Budget 2016 – F for Fail
Written By: - Date published: 8:15 am, May 27th, 2016 - 31 comments
— Deborah Russell
Budget Live
Written By: - Date published: 1:45 pm, May 26th, 2016 - 84 comments
Live coverage of the budget starts around 2pm.
Well that was boring.
Pre-budget reading
Written By: - Date published: 9:52 am, May 26th, 2016 - 20 comments
Budget day! Here’s a little light reading to get us started. Write your own line for the budget!
Vernon Small on Key’s fiscal Tardis
Written By: - Date published: 10:22 am, May 19th, 2016 - 21 comments
Small: “Only this week Prime Minister John Key managed to spend one, save it and outline a plan to give it back to taxpayers all at the same time.”
Trade deficit worst in seven years
Written By: - Date published: 11:49 am, April 28th, 2016 - 122 comments
Add it to our record debt, our record pollution, our record housing unaffordability, our rising inequality, our terrible carbon emissions…
Stalled global economy and helicopter money
Written By: - Date published: 10:08 am, April 20th, 2016 - 21 comments
The global economy has been stuck in an ongoing crisis since 2008. Printing more money won’t fix it, but it looks like we’re going to try it anyway.
Job losses everywhere
Written By: - Date published: 8:29 am, April 16th, 2016 - 57 comments
Brighter Future. Cusp of Something Special. Tell it to the newly jobless.
Holding back our productivity
Written By: - Date published: 7:17 am, April 14th, 2016 - 72 comments
Our “business leaders” are doing an objectively poor job. Perhaps instead of insulting Kiwi workers as “pretty damned hopeless”, Bill English should be taking aim at these captains of industry.
Imperator Fish: The terrifying cost of Labour’s UBI
Written By: - Date published: 8:01 am, April 1st, 2016 - 221 comments
Imperator Fish warns us of the terrifying cost of Labour’s UBI.
It’s even worse than you think.
Hickey on the UBI
Written By: - Date published: 11:19 am, March 27th, 2016 - 200 comments
Bernard Hickey makes some excellent points on the Unconditional Basic Income / Guaranteed Minimum Income.
Labour’s Ten Big Ideas
Written By: - Date published: 7:32 am, March 26th, 2016 - 167 comments
National’s only idea this term has just been shot down by the public. Meanwhile Labour has been thinking about the future and the issues that confront NZ.
Future of Work Conference
Written By: - Date published: 3:05 pm, March 23rd, 2016 - 69 comments
Labour’s Future of Work Conference is under way. There is a page with information and live stream here.
Looking to the future – planning to adapt and protect people – this is work a government should be doing. In this case, a government in waiting…
Interest rates and banks
Written By: - Date published: 9:43 am, March 16th, 2016 - 185 comments
Yesterday Andrew Little criticised the banks’ failure to pass on the cut in Official Cash Rate (OCR) to we the people via mortgage / interest rate cuts. Naturally the political right went ballistic.
Key fiddles while dairy industry burns
Written By: - Date published: 9:27 am, March 16th, 2016 - 46 comments
The dairy crisis is escalating with a further drop in prices occurring overnight. And John Key has chosen to defend the Government’s handling of the crisis by attacking Andrew Little. He would be better off explaining what his Government is doing to address what is becoming a crisis.
Safe As Milk
Written By: - Date published: 1:44 pm, March 14th, 2016 - 110 comments
Labour is calling for an urgent summit of the dairy industry players to avoid the looming bankruptcy of one in ten farmers. National’s response? Crisis, what crisis?
Labour considering Unconditional Basic Income
Written By: - Date published: 12:43 pm, March 14th, 2016 - 361 comments
As with capital gains tax, the political left is kicking off a very important discussion for NZ.
Quantitative easing for the masses
Written By: - Date published: 8:25 am, March 13th, 2016 - 136 comments
It seems that “serious economists” are discussing something called “helicopter money”. Would it fly in NZ?
Norman on the economy
Written By: - Date published: 8:03 am, March 12th, 2016 - 58 comments
Russel Norman was right in 2014 when he said that the Nats were daft to gamble on oil and bulk milk production, and he’s right again now to draw attention to the failures. We need a green economy!
- 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. ...7 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 ...7 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. ...7 days ago
- Buildings ‘pancaked’ in Vanuatu as 7.3 magnitude quake strikes off capital Port Vila
By Stefan Armbruster and Harry Pearl of BenarNews A strong 7.3 magnitude earthquake struck off the coast of Vanuatu today, US geologists said, severely damaging a number of buildings in the capital, crushing cars and briefly triggering a tsunami warning. Witnesses described a “violent shake” and widespread damage to Port ...1 week ago - Fiscal update shows Kiwis paying price for government’s austerity, critics say
The government's opening of the books has been met with derision from its opponents inside Parliament and out. ...1 week ago - Hugh Marks is the new managing director of the ABC. Is he the right person for the job?
Source: The Conversation (Au and NZ) – By Denis Muller, Senior Research Fellow, Centre for Advancing Journalism, The University of Melbourne Aspects of Hugh Marks’s record as chief executive of the Nine Entertainment Company raise questions about his suitability for the position of managing director of the ABC, to which ...1 week ago
- Powerful 7.3 magnitude quake strikes Vanuatu – triggers tsunami waves
RNZ Pacific A large 7.3 magnitude earthquake has struck off the coast of Vanuatu’s capital Port Vila , shortly after 3pm NZT today. The US Geological Survey says the quake was recorded at a depth of 10 km (6.21 miles). Locals have been sharing footage of damage to infrastructure in ...1 week ago
- Chris Trotter: Running Us Off The Rails
New Zealand will pay a high price for pulling out of this deal – just as it did 64 years ago when the Second National Government tore up the contract its Labour predecessor had signed with British and American interests to establish a large cotton ...1 week ago - Fast-track bill passes into law, amid protest
Protesters shouted "this bill kills" and unfurled a banner before they were ordered to be removed. ...1 week ago
- Australia’s latest brush with extreme heat shows just how good weather forecasting really is
Source: The Conversation (Au and NZ) – By Ailie Gallant, Associate Professor, ARC Centre of Excellence for Weather of the 21st Century, Monash University Google Earth As a dome of heat developed over north and central Australia last weekend, parts of the country braced themselves for their first taste ...1 week ago
- Tech giant Meta will pay Australians $50 million for enabling the Cambridge Analytica scandal
Source: The Conversation (Au and NZ) – By Katharine Kemp, Associate Professor, Faculty of Law & Justice; Lead, UNSW Public Interest Law & Tech Initiative, UNSW Sydney The Australian Information Commissioner today announced a settlement with tech giant Meta over its involvement in the Cambridge Analytica scandal. The settlement ...1 week ago
- Protesters Disrupt 3rd Reading Of Fast-track Bill
”The fast-track bill is anti-democratic, anti-climate, and anti-Te Tiriti. Regardless of the bill passing today, thousands of New Zealanders are ready to stop these projects from being built in our communities,” says 350 spokesperson Adam Currie. ...1 week ago
- The government is spending millions on news, but crucial community media remains underfunded
Source: The Conversation (Au and NZ) – By Bridget Backhaus, Senior Lecturer in Journalism and Media Studies, Griffith University Shutterstock The Australian government has launched its News Media Assistance Program, throwing a lifeline to public interest journalism and local news. The latest push for a more diverse and ...1 week ago
- Cars in Australian cities are emitting less – but in the regions exhaust emissions are growing
Source: The Conversation (Au and NZ) – By Kai Li Lim, St Baker Fellow in Electric Mobility, The University of Queensland becauz gao/Shutterstock Within five years, transport is expected to be Australia’s top source of greenhouse gas emissions. While renewables and storage are bringing down emissions from the electricity ...1 week ago
- Te Pāti Māori’s Rawiri Waititi says Luxon may be ‘drop-nuts’ if he doesn’t...
The prime minister not attending Waitangi Day would show he "has no balls and may be a drop-nuts", Te Pāti Māori co-leader Rawiri Waititi says. ...1 week ago
- Can Syria avoid becoming another Libya or Iraq? A week after Assad’s fall, here are 3 possible fut...
Source: The Conversation (Au and NZ) – By Ali Mamouri, Research Fellow, Middle East Studies, Deakin University After the fall of the Bashar al-Assad’s regime in Syria, the world was moved by emotional scenes of liberation — families reuniting after years of separation and former prisoners walking free from the ...1 week ago
- The fiscal update is no Christmas present for the government – but signs of a slow recovery are th...
Source: The Conversation (Au and NZ) – By Stephen Hickson, Economics Lecturer and Director Business Taught Masters Programme, University of Canterbury After a slow economic year, many New Zealanders are eyeing 2025 with uncertainty but also a degree cautious optimism. Interest rates are dropping and unemployment rates remain below expectations. ...1 week ago
- Immigration Minister Delivers Changes In Time For Christmas
"It’s been an incredibly tough few seasons, with huge pressure on farmers who have been unable to find the staff they need to run their businesses." ...1 week ago
- ‘Brutal austerity’ – reaction to opening of govt’s books
The PSA says the reckless drive to cut costs shows the government is prepared to put dollars ahead of Kiwis' lives. ...1 week ago
- Live: ‘Brutal austerity’ – reaction to opening of govt’s books
The PSA says the reckless drive to cut costs shows the government is prepared to put dollars ahead of Kiwis' lives. ...1 week ago
- Why do we revert to our childhood selves when we visit family?
Source: The Conversation (Au and NZ) – By Gery Karantzas, Professor in Social Psychology / Relationship Science, Deakin University TORWAISTUDIO/Shutterstock You’re an independent, capable adult all year round. But when you gather with family for a holiday such as Christmas, suddenly the child in you comes out. Maybe ...1 week ago
- Serious youth offenders numbers drop by 7%
It equates to being over a third of the way towards the government's target of 15 percent fewer youth offenders by 2030, Oranga Tamariki says. ...1 week ago
- HYEFU revealed: Nicola Willis deploys convenient new measure amid bleak books
Analysis - The opening of the books at Treasury has revealed a bleak economic outlook, and a new measure to improve that picture. ...1 week ago
- New Zealanders Be Warned – More Brutal Cuts To Public Services Coming
"History and now fresh evidence tell us that austerity doesn’t work, but the Government is failing to listen. Today in the Budget Policy Statement it set the stage for further deep and broad cuts which will impact the services New Zealanders need now and in ...1 week ago
- The best books of 2024: The people’s choice
The results of our reader survey of the best books of the year. Over 300 Spinoff members responded to our call out to discover what people enjoyed reading locally and internationally this year. The results show a healthy crossover with The Spinoff’s best New Zealand books of 2024, with some ...1 week ago - Now We Know Why Nicola Willis Didn’t Want Experts In The Room: Changes OBEGAL Calculation To Appea...
“Nicola Willis is guilty of manipulating the fiscal indicators in the same way then Opposition Finance Spokesperson Nicola Willis jumped up-and-down about when Grant Robertson changed the way Net Core-Crown Debt was calculated to make the numbers ...1 week ago
- Minimum Wage Decision A Conscious Decision To Increase Poverty
It is an indefensible attack on working people and will only serve to inflame poverty and undermine a weak economy. ...1 week ago
- What makes a great sports coach? We identified 17 of the world’s best, and found some patterns
Source: The Conversation (Au and NZ) – By Cliff Mallett, Professor of Sport Psychology and Coaching, The University of Queensland red mango/Shutterstock The study of leadership in high-performance coaching aims to deepen the understanding of how and why coaches lead the way they do, rather than just what they ...1 week ago
- Government makes it easier for businesses to hire migrants
Cabinet has also agreed in principle to bring in two new seasonal visas from late 2025. ...1 week ago
- HYEFU: Government books to stay deep in deficit until 2029
And Nicola Willis has adopted a new measure for its finances, excluding the impact of ACC, which it said distorted previous forecasts. ...1 week ago
- Forecast surplus delayed two years, Willis vows earlier end to deficit
The Treasury’s end-of-year fiscal and economic update shows the Government’s return to surplus has been delayed by two years on current projections.Using either the traditional operating balance measure or a new measure announced Tuesday, the Government will run a deficit for at least two years more than forecast at the ...1 week ago
- Why zoning reform won’t solve the housing crisis
Source: The Conversation (Au and NZ) – By Raphaël Fischler, Professeur titulaire à l’École d’urbanisme et d’architecture de paysage, Université de Montréal Montréal’s Plateau-Mont-Royal neighbourhood and downtown are exemplary places for functional diversity. (Shutterstock) There are many good reasons to bring about reforms in zoning, but reducing the cost ...1 week ago
- How can you stay safe from cyber attacks? Here are 2 simple checklists from experts
Source: The Conversation (Au and NZ) – By Jing Jia, Senior Lecturer, Business School, University of Newcastle cottonbro studios/Pexels “Cyber security” may sound like a far-off worry for big corporations or telcos, but that’s far from the case. Cyber security simply means the practice of safeguarding your sensitive data ...1 week ago
- NZTA settles High Court battle with Transmission Gully builder
The The Transport Agency and Wellington Gateway Partnership have been wrangling over claims that work areas have not been properly cleared up. ...1 week ago
- Minimum Wage Announcement “A Pay Cut For The Most Vulnerable”
“The Government has made another callous decision which will make in-work poverty even worse in Aotearoa,” E tū Assistant National Secretary, Annie Newman says. ...1 week ago
- The Spinoff’s favourite TV shows of 2024
From evil penguins to globe-trotting jackals, here are the TV shows that we were animals for this year. We’ve already covered off our favourite local television moments of the year, but there is still so much more to dive into beyond our televisual shores. It was predicted that 2024 would ...1 week ago
- Smallest minimum wage increase ‘since the 1990s’
The minimum wage will rise by 1.5 percent to $23.50 from April 1, it was announced Tuesday. ...1 week ago
- Wellington Council moves ahead with submission against Treaty Principles Bill
One councillor called it a waste of time and ratepayers' money, saying the council should keep out of "central government barn politics". ...1 week ago
- Media Should Make Point Of Speaking To The CTU This Afternoon On HYEFU
Banning the CTU, the Taxpayers’ Union, and groups like Business NZ and the Federated Farmers is not a strategy to get back to surplus. At best, it’s a cheap PR ploy to attempt to control the media narrative. ...1 week ago
- ‘Taken the local out of local government’: Councils react to crackdown
Mayors are accusing ministers of taking "the local out of local government" with proposed changes to rates and spending rules. ...1 week ago
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