Crying wolf?
Written By:
- Date published:
11:27 am, June 5th, 2009 - 12 comments
Categories: budget 2009 -
Tags: airport, credit downgrade, independent, s&p
From The Independent:
No lasting harm from airport credit downgrade.
Analysts and management of Auckland International Airport are unconcerned at Standard & Poor’s downgrading of the airport’s corporate credit and debt rating from A to A-minus.
The downgrade will add less than $1 million to the airport’s overall interest bill of around $80 million.
If a downgrade is no huge thing for Auckland Airport why did we have to do whatever it took, including starving the future of superannuation and cutting education spending, to stop the remote chance of it happening to the government? Or was there no real threat at all?
– Marty G
12 comments on “Crying wolf? ”
- Comments are now closed
- Comments are now closed
Recent Comments
- Top OECD economist puts Willis between a rock and a hard place
The OECD’s chief economist yesterday laid it on the line for the new Government: bring the deficit under control or face higher Reserve Bank interest rates for longer. And to bring the deficit under control, she meant not borrowing for tax cuts. But there was more. Without policy changes—introducing a ...2 hours ago - Media Link: “A View from Afar” on the moment of friction, and more.
After a hiatus of over four months Selwyn Manning and I finally got it together to re-start the “A View from Afar” podcast series. We shall see how we go but aim to do 2 episodes per month if possible. … Continue reading ...15 hours ago - Preposterous priorities – politicians preferred pastry
Newsroom writer Aaron Smale, in an article triggered by the High Court’s ruling on whether a sitting MP must respond to a summons to appear before the Waitangi Tribunal, reports on issues underpinning the tribunal’s urgent inquiry into the Government’s intention to remove Section 7AA from the Oranga Tamariki ...15 hours ago - Climate Change: Forcing accountability in the UK
In 2008, the UK Parliament passed the Climate Change Act 2008. The law established a system of targets, budgets, and plans, with inbuilt accountability mechanisms; the aim was to break the cycle of empty promises and replace it with actual progress towards emissions reduction. The law was passed with near-universal ...17 hours ago - Other councils are keen to be next to strike a water deal with govtBuzz from the Beehive Local Water Done Well – let’s be blunt – is a silly name, but the first big initiative to put it into practice has gone done well. This success is reflected in the headline on an RNZ report: District mayors welcome Auckland’s new water deal with ...17 hours ago
- Why India is key to heading off climate catastrophe
This is a re-post from Yale Climate Connections A farmworker cleans the solar panels of a solar water pump in the village of Jagadhri, Haryana Country, India. (Photo credit: Prashanth Vishwanathan/ IWMI) Decisions made in India over the next few years will play a key role in global ...19 hours ago - Meanwhile “… the disturbing trend of increasing violence towards children continues to worsen”
Lindsay Mitchell writes – The Children’s Minister, Karen Chhour, intends to repeal Section 7AA from the Oranga Tamariki Act 1989 because it creates conflict between claimed Crown Treaty obligations and the child’s best interests. In her words, “Oranga Tamariki’s governing principles and its act should be colour ...20 hours ago - New Zealand’s geopolitical friendly fire has its limitsGeoffrey Miller writes – The gloves are off. That might seem to be the undertone of surprisingly tough talk from New Zealand’s foreign and trade ministers. Winston Peters, the foreign minister, may be facing legal action after making allegations about former Australian foreign minister Bob Carr on Radio New Zealand. ...20 hours ago
- The post-Covid economy: is it in another long stagnation – and if so, why?Brian Easton writes – This is about the time that the Treasury will be locking up its economic forecasts to be published in the 2024 Budget Economic and Fiscal Update (BEFU) on budget day, 30 May. I am not privy to what they will be (I will report on them ...20 hours ago
- On the LTP 2024 Feedback
A few weeks ago Auckland Council released the results of consultation on the Long Term Plan (LTP) that occurred in March. With almost 28,000 submissions, it received the most feedback of any LTP in Auckland. It covered a wide range of topics soliciting feedback on different areas of council funded ...22 hours ago - Bernard’s pick 'n' mix for Monday, May 6
TL;DR: Winston Peters is reported to have won a budget increase for MFAT. David Seymour wanted his Ministry of Regulation to be three times bigger than the Productivity Commission. Simeon Brown is appointing a Crown Monitor to Watercare to protect the Claytons Crown Guarantee he had to give ratings agencies ...24 hours ago - Geoffrey Miller: New Zealand’s geopolitical friendly fire has its limits
The gloves are off. That might seem to be the undertone of surprisingly tough talk from New Zealand’s foreign and trade ministers. Winston Peters, the foreign minister, may be facing legal action after making allegations about former Australian foreign minister Bob Carr on Radio New Zealand. Carr had made highly ...1 day ago - I could be a Florist.
I could be a florist'Round the corner from Rye LaneI'll be giving daisies to craziesBut, baby, I'll wrap you up real safe Oh, I can give you flowers At the end of every dayFor the center of your table, a rainbowIn case you have people 'round to stay Depending on ...1 day ago - The Kaka’s diary for the week to May 12 and beyond
TL;DR: The six key events to watch in Aotearoa-NZ’s political economy in the week to May 12 include:PM Christopher Luxon is scheduled to hold a post-Cabinet news conference at 4 pm today. Finance Minister Nicola Willis will give a pre-budget speech on Thursday.Parliament sits from Question Time at 2pm on ...1 day ago - Willis on defenceThe price of the foreign affairs “reset” is now becoming apparent, with Defence set to get a funding boost in the Budget. Finance Minister Nicola Willis has confirmed that it will be one of the few votes, apart from Health and Education and possibly Police, which will get an increase ...1 day ago
- 2024 SkS Weekly Climate Change & Global Warming News Roundup #18A listing of 26 news and opinion articles we found interesting and shared on social media during the past week: Sun, April 28, 2024 thru Sat, May 4, 2024. Story of the week "It’s straight out of Big Tobacco’s playbook. In fact, research by John Cook and his colleagues ...1 day ago
- A prerequisite for Vulture Capitalism.
Yesterday I received come lovely feedback following my Star Wars themed newsletter. A few people mentioned they’d enjoyed reading the personal part at the beginning.I often begin newsletters with some memories, or general thoughts, before commencing the main topic. This hopefully sets the mood and provides some context in which ...2 days ago - Early evening, April 30
April 30 was going to be the day we’d be calling Mum from London to wish her a happy birthday. Then it became the day we would be going to St. Paul's at Evensong to remember her. The aim of the cathedral builders was to find a way to make their ...2 days ago - Do Newsroom’s staff think they’re culturally superior to the rest of us? Are they arguing that A...Rob MacCulloch writes – Can’t remember the last book by a Kiwi author you read? Think the NZ government should spend less on the arts in favor of helping the homeless? If so, as far as Newsroom is concerned, you probably deserve to be called a cultural ignoramus ...3 days ago
- Fun minor grudgesEric Crampton writes – Grudges are bad. Better to move on. But it can be fun to keep a couple of really trivial ones, so you’re not tempted to have other ones. For example, because of the rootkit fiasco of 2005, no Sony products in our household. ...3 days ago
- Bernard’s dawn chorus for Saturday, May 4 and pick ‘n’ mix for the weekend
A new report warns an estimated third of the adult population have unmet need for health care. Photo: Lynn Grieveson / The KākāHere’s the six key things I learned about Aotaroa’s political economy this week around housing, climate and poverty:Politics - Three opinion polls confirmed support for PM Christopher Luxon ...3 days ago - The Dark Side and the Rebel Alliance.
Today is May the fourth. Which was just a regular day when my mother took me to see the newly released Star Wars at the Odeon in Rotorua. The queue was right around the corner. Some years later this day became known as Star Wars Day, the date being a ...3 days ago - Imaginary mandate, imaginary leadership
Hello! Here comes the Saturday edition of More Than A Feilding, catching you up on the past week’s editions.ShareVerity, Ilfracombe ...3 days ago - Winston Peters delivers a speech about NZ’s relationship with China but media focus on Bob Carr’...Buzz from the Beehive Much more media attention is being paid to something Winston Peters said about former Australian Foreign Minister Bob Carr than to a speech he delivered to the New Zealand China Council. One word is missing from the speech: AUKUS. But AUKUS loomed large in his considerations ...4 days ago
- The Post-Covid Economy
Is the economy in another long stagnation? If so, why?This is about the time that the Treasury will be locking up its economic forecasts to be published in the 2024 Budget Economic and Fiscal Update (BEFU) on budget day, 30 May. I am not privy to what they will be ...4 days ago - An awkward coincidence!The annual list of who's been bribing our politicians is out, and journalists will no doubt be poring over it to find the juiciest and dirtiest bribes. The government's fast-track invite list is likely to be a particular focus, and we already know of one company on the list which ...4 days ago
- The Israel/Palestinian metastasis.In the weeks after the October 7 Hamas attacks on Southern Israel I wrote about the possible 2nd, 3rd and even 4th order effects of the conflict. These included new fronts being opened in the West Bank (with Hamas), Golan … Continue reading ...4 days ago
- 27,000That's the number of submissions received on National's corrupt Muldoonist fast-track legislation. Except its higher than that, because the number doesn't include form submissions, such as the 15,000 people who supported Forest & Bird's submission, or the 14,000 who supported Greenpeace. And so many people want to appear in person ...4 days ago
- MPs’ salaries – when is the best time to increase them?Peter Dunne writes – It is one of the oldest truisms that there is never a good time for MPs to get a pay rise. This week’s announcement of pay raises of around 2.8% backdated to last October could hardly have come at a worse time, with the ...4 days ago
- Genter under fireDavid Farrar writes – Newshub reports: Newshub can reveal a fresh allegation of intimidation against Green MP Julie-Anne Genter. Genter is subject to a disciplinary process for aggressively waving a book in the face of National Minister Matt Doocey in the House – but it’s not the first time ...4 days ago
- New Treasury paper on the productivity slowdown supports the downgrading of forecastsThe Treasury has published a paper today on the global productivity slowdown and how it is playing out in New Zealand: The productivity slowdown: implications for the Treasury’s forecasts and projections. The Treasury Paper examines recent trends in productivity and the potential drivers of the slowdown. Productivity for the whole economy ...4 days ago
- Bernard’s pick 'n' mix for Friday, May 3
TL;DR: Here’s my top 10 ‘pick ‘n’ mix of links to news, analysis and opinion articles as of 9:26 am on Friday, May 3:Climate 'Ministerial override must go' - Hearings begin over fast-track bill RNZ Kate GreenPopulation: Labour hire firm struggling to find staff as Australia lures away workers. HireStaff ...4 days ago - Weekly Roundup 3-May-2024Here we are in May already! And here are a few of the stories that caught our eye this week. This Week on Greater Auckland On Monday, Matt highlighted that it’s been a decade since Auckland’s rail system was electrified. On Wednesday, Matt looked at AT’s rollout of new ways ...4 days ago
- The Hoon around the week to May 34 days ago
- Pamphlets at Ten Paces.
These puppet strings don't pull themselvesYou're thinking thoughts from someone elseHow much time do you think you have?Are you prepared for what comes next?The debating chamber can be a trying place for an opposition MP. What with the person in charge, the speaker, typically being an MP from the governing ...4 days ago - A land without pier
The land around Lyme Regis, where Meryl Streep once stood, in a hood, on the Cobb, is falling into the sea.MerylThe land around Lyme Regis, around the Cobb that made it rich, has always been falling slowly but surely into the sea. Read more ...4 days ago - Skeptical Science New Research for Week #18 2024Open access notables Generative AI tools can enhance climate literacy but must be checked for biases and inaccuracies, Atkins et al., Communications Earth & Environment: In the face of climate change, climate literacy is becoming increasingly important. With wide access to generative AI tools, such as OpenAI’s ChatGPT, we explore the potential ...4 days ago
- Ruckus over AUKUS – Labour demands Peters step down as Foreign Minister, but he still had the job ...Buzz from the Beehive Foreign Affairs Minister Winston Peters was bound to win headlines when he set out his thinking about AUKUS in his speech to the New Zealand Institute of International Affairs. The headlines became bigger when – during an interview on RNZ’s Morning Report today – he criticised ...5 days ago
- Secrecy undermines participationThe Post reports on how the government is refusing to release its advice on its corrupt Muldoonist fast-track law, instead using the "soon to be publicly available" refusal ground to hide it until after select committee submissions on the bill have closed. Fast-track Minister Chris Bishop's excuse? “It's not ...5 days ago
- Agribusiness following oil and gas playbookAs pressure on it grows, the livestock industry’s approach to the transition to Net Zero is increasingly being compared to that of fossil fuel interests. Photo: Lynn Grieveson / Getty ImagesTL;DR: Here’s the top five news items of note in climate news for Aotearoa-NZ this week, and a discussion above ...5 days ago
- Here’s hoping they aren’t counting on a 100 per cent acceptance…The New Zealand Herald reports – Stats NZ has offered a voluntary redundancy scheme to all of its workers as a way to give staff some control over their “future” amidst widespread job losses in the public sector. In an update to staff this morning, seen by the Herald, Statistics New Zealand ...5 days ago
- Gordon Campbell on unemployment, Winston Peters’ low boiling point and music criticismOn Werewolf/Scoop, I usually do two long form political columns a week. From now on, there will be an extra column each week about music and movies. But first, some late-breaking political events: The rise in unemployment numbers for the March quarter was bigger than expected – and especially sharp ...5 days ago
- TVNZ and poll results5 days ago
- Mana or MoneyMuriel Newman writes – When Meridian Energy was seeking resource consents for a West Coast hydro dam proposal in 2010, local Maori “strenuously” objected, claiming their mana was inextricably linked to ‘their’ river and could be damaged. After receiving a financial payment from the company, however, the Ngai Tahu ...5 days ago
- Bernard’s pick 'n' mix for Thursday, May 2
TL;DR: Here’s my top 10 ‘pick ‘n’ mix of links to news, analysis and opinion articles as of 11:10 am on Thursday, May 2:Scoop: Government sits on official advice on fast-track consent. The Ombudsman is investigating after official briefings on the contentious regime were held back despite requests from Forest ...5 days ago - The Art of taking no ResponsibilityAlwyn Poole writes – “An SEP,’ he said, ‘is something that we can’t see, or don’t see, or our brain doesn’t let us see, because we think that it’s somebody else’s problem. That’s what SEP means. Somebody Else’s Problem. The brain just edits it out, it’s like a ...5 days ago
- The shabby “Parliamentary urgency” ploy – shaky foundations and why our democracy needs trustOur trust in our political institutions is fast eroding, according to a Maxim Institute discussion paper, Shaky Foundations: Why our democracy needs trust. The paper – released today – raises concerns about declining trust in New Zealand’s political institutions and democratic processes, and the role that the overuse of Parliamentary urgency ...5 days ago
- Jones has made plain he isn’t fond of frogs (not the dim-witted ones, at least) – and now we lea...This article was prepared for publication yesterday. More ministerial announcements have been posted on the government’s official website since it was written. We will report on these later today …. Buzz from the Beehive There we were, thinking the environment is in trouble, when along came Jones. Shane Jones. ...5 days ago
- Infrastructure & home building slumping on Govt funding freeze5 days ago
- Brainwashed People Think Everyone Else is Brainwashed
Hi,I am just going to state something very obvious: American police are fucking crazy.That was a photo gracing the New York Times this morning, showing New York City police “entering Columbia University last night after receiving a request from the school.”Apparently in America, protesting the deaths of tens of thousands ...5 days ago - Peters’ real foreign policy threat is Helen ClarkWinston Peters’ much anticipated foreign policy speech last night was a work of two halves. Much of it was a standard “boilerplate” Foreign Ministry overview of the state of the world. There was some hardening up of rhetoric with talk of “benign” becoming “malign” and old truths giving way to ...5 days ago
- NZ’s trans lobby is fighting a rearguard action
Graham Adams assesses the fallout of the Cass Review — The press release last Thursday from the UN Special Rapporteur on violence against women and girls didn’t make the mainstream news in New Zealand but it really should have. The startling title of Reem Alsalem’s statement — “Implementation of ‘Cass ...5 days ago - Your mandate is imaginary
This open-for-business, under-new-management cliché-pockmarked government of Christopher Luxon is not the thing of beauty he imagines it to be. It is not the powerful expression of the will of the people that he asserts it to be. It is not a soaring eagle, it is a malodorous vulture. This newest poll should make ...6 days ago - 14,000 unemployed under NationalThe latest labour market statistics, showing a rise in unemployment. There are now 134,000 unemployed - 14,000 more than when the National government took office. Which is I guess what happens when the Reserve Bank causes a recession in an effort to Keep Wages Low. The previous government saw a ...6 days ago
- Bryce Edwards: Discontent and gloom dominate NZ’s political moodThree opinion polls have been released in the last two days, all showing that the new government is failing to hold their popular support. The usual honeymoon experienced during the first year of a first term government is entirely absent. The political mood is still gloomy and discontented, mainly due ...6 days ago
- Taking Tea with 42 & 38.
National's Finance Minister once met a poor person.A scornful interview with National's finance guru who knows next to nothing about economics or people.There might have been something a bit familiar if that was the headline I’d gone with today. It would of course have been in tribute to the article ...6 days ago - Beware political propaganda: statistics are pointing to Grant Robertson never protecting “Lives an...Rob MacCulloch writes – Throughout the pandemic, the new Vice-Chancellor-of-Otago-University-on-$629,000 per annum-Can-you-believe-it-and-Former-Finance-Minister Grant Robertson repeated the mantra over and over that he saved “lives and livelihoods”. As we update how this claim is faring over the course of time, the facts are increasingly speaking differently. NZ ...6 days ago
- Winding back the hands of history’s clockChris Trotter writes – IT’S A COMMONPLACE of political speeches, especially those delivered in acknowledgement of electoral victory: “We’ll govern for all New Zealanders.” On the face of it, the pledge is a strange one. Why would any political leader govern in ways that advantaged the huge ...6 days ago
- Paula Bennett’s political appointment will challenge public confidence
Bryce Edwards writes – The list of former National Party Ministers being given plum and important roles got longer this week with the appointment of former Deputy Prime Minister Paula Bennett as the chair of Pharmac. The Christopher Luxon-led Government has now made key appointments to Bill ...6 days ago - Business confidence sliding into winter of discontentTL;DR: These are the six things that stood out to me in news and commentary on Aotearoa-NZ’s political economy at 10:06am on Wednesday, May 1:The Lead: Business confidence fell across the board in April, falling in some areas to levels last seen during the lockdowns because of a collapse in ...6 days ago
- Gordon Campbell on the coalition’s awful, not good, very bad poll resultsOver the past 36 hours, Christopher Luxon has been dong his best to portray the centre-right’s plummeting poll numbers as a mark of virtue. Allegedly, the negative verdicts are the result of hard economic times, and of a government bravely set out on a perilous rescue mission from which not ...6 days ago
- New HOP readers for future payment optionsAuckland Transport have started rolling out new HOP card readers around the network and over the next three months, all of them on buses, at train stations and ferry wharves will be replaced. The change itself is not that remarkable, with the new readers looking similar to what is already ...6 days ago
- 2024 Reading Summary: April (+ Writing Update)
Completed reads for April: The Difference Engine, by William Gibson and Bruce Sterling Carnival of Saints, by George Herman The Snow Spider, by Jenny Nimmo Emlyn’s Moon, by Jenny Nimmo The Chestnut Soldier, by Jenny Nimmo Death Comes As the End, by Agatha Christie Lord of the Flies, by ...6 days ago - At a glance – Clearing up misconceptions regarding 'hide the decline'On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...7 days ago
- Road photos
Have a story to share about St Paul’s, but today just picturesPopular novels written at this desk by a young man who managed to bootstrap himself out of father’s imprisonment and his own young life in a workhouse Read more ...7 days ago - Bryce Edwards: Paula Bennett’s political appointment will challenge public confidenceThe list of former National Party Ministers being given plum and important roles got longer this week with the appointment of former Deputy Prime Minister Paula Bennett as the chair of Pharmac. The Christopher Luxon-led Government has now made key appointments to Bill English, Simon Bridges, Steven Joyce, Roger Sowry, ...7 days ago
- NZDF is still hostile to oversightNewsroom has a story today about National's (fortunately failed) effort to disestablish the newly-created Inspector-General of Defence. The creation of this agency was the key recommendation of the Inquiry into Operation Burnham, and a vital means of restoring credibility and social licence to an agency which had been caught lying ...7 days ago
- Winding Back The Hands Of History’s Clock.
Holding On To The Present: The moment a political movement arises that attacks the whole idea of social progress, and announces its intention to wind back the hands of History’s clock, then democracy, along with its unwritten rules, is in mortal danger.IT’S A COMMONPLACE of political speeches, especially those delivered in ...7 days ago - Sweet Moderation? What Christopher Luxon Could Learn From The Germans.7 days ago
- A clear warningThe unpopular coalition government is currently rushing to repeal section 7AA of the Oranga Tamariki Act. The clause is Oranga Tamariki's Treaty clause, and was inserted after its systematic stealing of Māori children became a public scandal and resulted in physical resistance to further abductions. The clause created clear obligations ...7 days ago
- Poll results and Waitangi Tribunal report go unmentioned on the Beehive website – where racing tru...Buzz from the Beehive The government’s official website – which Point of Order monitors daily – not for the first time has nothing much to say today about political happenings that are grabbing media headlines. It makes no mention of the latest 1News-Verian poll, for example. This shows National down ...7 days ago
- Listening To The Traffic.7 days ago
- Comity Be Damned! The State’s Legislative Arm Is Flexing Its Constitutional Muscles.Packing A Punch: The election of the present government, including in its ranks politicians dedicated to reasserting the rights of the legislature in shaping and determining the future of Māori and Pakeha in New Zealand, should have alerted the judiciary – including its anomalous appendage, the Waitangi Tribunal – that its ...7 days ago
- Ending The Quest.Dead Woman Walking: New Zealand’s media industry had been moving steadily towards disaster for all the years Melissa Lee had been National’s media and communications policy spokesperson, and yet, when the crisis finally broke, on her watch, she had nothing intelligent to offer. Christopher Luxon is a patient man - but he’s not ...7 days ago
- Will political polarisation intensify to the point where ‘normal’ government becomes impossible,...Chris Trotter writes – New Zealand politics is remarkably easy-going: dangerously so, one might even say. With the notable exception of John Key’s flat ruling-out of the NZ First Party in 2008, all parties capable of clearing MMP’s five-percent threshold, or winning one or more electorate seats, tend ...7 days ago
- Release: Labour calls for fast track list to be released
Ministers must front up about which projects it will push through under its Fast Track Approvals legislation, Labour environment spokesperson Rachel Brooking said today. ...22 hours ago - Release: National gaslights women fighting for equal payNational has scrapped the pay equity taskforce that fights for equal pay for women and looks at ethnic pay gaps. ...5 days ago
- Release: More job cuts, fewer houses under NationalThe Government is again adding to New Zealand’s growing unemployment, this time cutting jobs at the agencies responsible for urban development and growing much needed housing stock. ...5 days ago
- Release: Children fall deeper through the cracks in Govt cutsWith Minister Karen Chhour indicating in the House today that she either doesn’t know or care about the frontline cuts she’s making to Oranga Tamariki, we risk seeing more and more of our children falling through the cracks. ...5 days ago
- Release: Labour honours memory of Sir Robert MartinThe Labour Party is saddened to learn of the death of Sir Robert Martin, a globally renowned disability advocate who led the way for disability rights both in New Zealand and internationally. ...5 days ago
- Release: 130,000 cattle saved from live exportLabour is calling for the Government to urgently rethink its coalition commitment to restart live animal exports, Labour animal welfare spokesperson Rachel Boyack said. ...6 days ago
- Central Bank makes clear Government is pouring fuel on housing crisis fire
Today’s Financial Stability Report has once again highlighted that poverty and deep inequality are political choices - and this Government is choosing to make them worse. ...6 days ago - New unemployment figures paint bleak pictureThe Green Party is calling on the Government to do more for our households in most need as unemployment rises and the cost of living crisis endures. ...6 days ago
- Release: National’s job cuts already starting to bite as unemployment risesUnemployment is on the rise and it’s only going to get worse under this Government, Labour finance spokesperson Barbara Edmonds said. Stats NZ figures show the unemployment rate grew to 4.3 percent in the March quarter from 4 percent in the December quarter. “This is the second rise in unemployment ...6 days ago
- Release: National hiking transport costs for families and young New ZealandersWeekly expenses will grow for more than 1.6 million New Zealanders as the Government ends free and half price public transport fares tomorrow. ...7 days ago
- Release: Labour welcomes EU free trade agreementThe New Zealand Labour Party welcomes the entering into force of the European Union and New Zealand free trade agreement. This agreement opens the door for a huge increase in trade opportunities with a market of 450 million people who are high value discerning consumers of New Zealand goods and ...7 days ago
- Surprise: Landlord tax cuts don’t trickle downThe Green Party is renewing its call for rent controls following reports of rental prices hitting an all-time high. ...7 days ago
- Release: $1.7b for no increase in access to medicineThe National-led Government continues its fiscal jiggery pokery with its Pharmac announcement today, Labour Health spokesperson Ayesha Verrall says. “The government has increased Pharmac funding but conceded it will only make minimal increases in access to medicine”, said Ayesha Verrall “This is far from the bold promises made to fund ...7 days ago
- Release: National should heed Tribunal warning and scrap coalition commitment with ACTThis afternoon’s interim Waitangi Tribunal report must be taken seriously as it affects our most vulnerable children, Labour children’s spokesperson Willow-Jean Prime. ...1 week ago
- Release: More accountability for preventable workplace deaths this Workers’ Memorial DayLabour is calling for more accountability for preventable workplace deaths because everybody who goes to work deserves to come home safely. ...1 week ago
- Gaza: Aotearoa Must Support Independent Investigation into Mass GravesTe Pāti Māori are demanding the New Zealand Government support an international independent investigation into mass graves that have been uncovered at two hospitals on the Gaza strip, following weeks of assault by Israeli troops. Among the 392 bodies that have been recovered, are children and elderly civilians. Many of ...2 weeks ago
- Release: Working together on consistent support for veterans this Anzac DayOur two-tiered system for veterans’ support is out of step with our closest partners, and all parties in Parliament should work together to fix it, Labour veterans’ affairs spokesperson Greg O’Connor said. ...2 weeks ago
- Release: Penny drops – but what about Seymour and Peters?Stripping two Ministers of their portfolios just six months into the job shows Christopher Luxon’s management style is lacking, Labour Leader Chris Hipkins said. ...2 weeks ago
- Another ‘Stolen Generation’ enabled by court ruling on Waitangi Tribunal summonsTonight’s court decision to overturn the summons of the Children’s Minister has enabled the Crown to continue making decisions about Māori without evidence, says Te Pāti Māori spokesperson for Children, Mariameno Kapa-Kingi. “The judicial system has this evening told the nation that this government can do whatever they want when ...2 weeks ago
- Release: Budget blunder shows Nicola Willis could cut recovery fundingIt appears Nicola Willis is about to pull the rug out from under the feet of local communities still dealing with the aftermath of last year’s severe weather, and local councils relying on funding to build back from these disasters. ...2 weeks ago
- Further environmental mismanagement on the cardsThe Government’s resource management reforms will add to the heavy and ever-growing burden this Government is loading on to our environment. ...2 weeks ago
- Release: RMA changes will be a disaster for environmentThe Government is making short-sighted changes to the Resource Management Act (RMA) that will take away environmental protection in favour of short-term profits, Labour’s environment spokesperson Rachel Brooking said today. ...2 weeks ago
- Release: Labour supports urgent changes to emergency management systemLabour welcomes the release of the report into the North Island weather events and looks forward to working with the Government to ensure that New Zealand is as prepared as it can be for the next natural disaster. ...2 weeks ago
- Release: Labour calls for New Zealand to recognise PalestineThe Labour Party has called for the New Zealand Government to recognise Palestine, as a material step towards progressing the two-State solution needed to achieve a lasting peace in the region. ...2 weeks ago
- Release: Three strikes law political posturing of worst kindThe Government is bringing back a law that has little evidential backing just to look tough, Labour justice spokesperson Duncan Webb said. ...2 weeks ago
- Release: Government cuts unbelievably target child exploitation, violent extremism, ports and airpor...Some of our country’s most important work, stopping the sexual exploitation of children and violent extremism could go along with staff on the frontline at ports and airports. ...2 weeks ago
- Three strikes has failed before and will fail againResurrecting the archaic three-strikes legislation is an unwelcome return to a failed American-style approach to justice. ...2 weeks ago
- Release: Environmental protection vital, not ‘onerous’The Government’s Fast Track Approvals Bill will give projects such as new coal mines a ‘get out of jail free’ card to wreak havoc on the environment, Labour Leader Chris Hipkins said today. ...2 weeks ago
- Ferris – Three Strikes targets those ‘too brown to be white’The government's decision to reintroduce Three Strikes is a destructive and ineffective piece of law-making that will only exacerbate an inherently biased and racist criminal justice system, said Te Pāti Māori Justice Spokesperson, Tākuta Ferris, today. During the time Three Strikes was in place in Aotearoa, Māori and Pasifika received ...2 weeks ago
- Release: Govt cuts doctors and nurses in hiring freezeCuts to frontline hospital staff are not only a broken election promise, it shows the reckless tax cuts have well and truly hit the frontline of the health system, says Labour Health spokesperson Ayesha Verrall. ...3 weeks ago
- Fast-track submissions period must be extendedThe Green Party has joined the call for public submissions on the fast-track legislation to be extended after the Ombudsman forced the Government to release the list of organisations invited to apply just hours before submissions close. ...3 weeks ago
- Release: Progress on climate will be undone by GovtNew Zealand’s good work at reducing climate emissions for three years in a row will be undone by the National government’s lack of ambition and scrapping programmes that were making a difference, Labour Party climate spokesperson Megan Woods said today. ...3 weeks ago
- Release: Dark day for Kiwi kids as a third of Govt cuts affect themNews that 1000 jobs at the Ministry of Education and Oranga Tamariki could go is devastating for future generations of New Zealanders. ...3 weeks ago
- Release: Alarm as Government signals further blow to school lunchesMore essential jobs could be on the chopping block, this time Ministry of Education staff on the school lunches team are set to find out whether they're in line to lose their jobs. ...3 weeks ago
- Oranga Tamariki cuts commit tamariki to state abuseTe Pāti Māori is disgusted at the confirmation that hundreds are set to lose their jobs at Oranga Tamariki, and the disestablishment of the Treaty Response Unit. “This act of absolute carelessness and out of touch decision making is committing tamariki to state abuse.” Said Te Pāti Māori Oranga Tamariki ...3 weeks ago
- NZ and the UAE launch FTA negotiations
Minister for Trade Todd McClay today announced that New Zealand and the United Arab Emirates (UAE) will commence negotiations on a free trade agreement (FTA). Minister McClay met with his counterpart UAE Trade Minister Dr Thani bin Ahmed Al Zeyoudi in Dubai, where they announced the launch of negotiations on a ...2 hours ago - New Zealand Sign Language Week an opportunity for anyone to signNew Zealand Sign Language Week is an excellent opportunity for all Kiwis to give the language a go, Disabilities Issues Minister Louise Upston says. This week (May 6 to 12) is New Zealand Sign Language (NZSL) Week. The theme is “an Aotearoa where anyone can sign anywhere” and aims to ...13 hours ago
- Next stop NASA for New Zealand studentsSix tertiary students have been selected to work on NASA projects in the US through a New Zealand Space Scholarship, Space Minister Judith Collins announced today. “This is a fantastic opportunity for these talented students. They will undertake internships at NASA’s Ames Research Center or its Jet Propulsion Laboratory (JPL), where ...14 hours ago
- $1.9 billion investment to keep NZ safe from crimeNew Zealanders will be safer because of a $1.9 billion investment in more frontline Corrections officers, more support for offenders to turn away from crime, and more prison capacity, Corrections Minister Mark Mitchell says. “Our Government said we would crack down on crime. We promised to restore law and order, ...14 hours ago
- OECD reinforces need to control spendingThe OECD’s latest report on New Zealand reinforces the importance of bringing Government spending under control, Finance Minister Nicola Willis says. The OECD conducts country surveys every two years to review its members’ economic policies. The 2024 New Zealand survey was presented in Wellington today by OECD Chief Economist Clare Lombardelli. ...17 hours ago
- Agreement delivers Local Water Done Well for AucklandThe Government has delivered on its election promise to provide a financially sustainable model for Auckland under its Local Water Done Well plan. The plan, which has been unanimously endorsed by Auckland Council’s Governing Body, will see Aucklanders avoid the previously projected 25.8 per cent water rates increases while retaining ...2 days ago
- Gaza and the Pacific on the agenda with GermanyForeign Minister Winston Peters discussed the need for an immediate ceasefire in Gaza, and enhanced cooperation in the Pacific with German Foreign Minister Annalena Baerbock during her first official visit to New Zealand today. "New Zealand and Germany enjoy shared interests and values, including the rule of law, democracy, respect for the international system ...3 days ago
- Decision allows for housing growth in Western Bay of PlentyThe Minister Responsible for RMA Reform, Chris Bishop today released his decision on four recommendations referred to him by the Western Bay of Plenty District Council, opening the door to housing growth in the area. The Council’s Plan Change 92 allows more homes to be built in existing and new ...4 days ago
- Speech to New Zealand China CouncilThank you, John McKinnon and the New Zealand China Council for the invitation to speak to you today. Thank you too, all members of the China Council. Your effort has played an essential role in helping to build, shape, and grow a balanced and resilient relationship between our two ...4 days ago
- Modern insurance law will protect Kiwi householdsThe Government is modernising insurance law to better protect Kiwis and provide security in the event of a disaster, Commerce and Consumer Affairs Minister Andrew Bayly announced today. “These reforms are long overdue. New Zealand’s insurance law is complicated and dated, some of which is more than 100 years old. ...5 days ago
- Government recommits to equal payThe coalition Government is refreshing its approach to supporting pay equity claims as time-limited funding for the Pay Equity Taskforce comes to an end, Public Service Minister Nicola Willis says. “Three years ago, the then-government introduced changes to the Equal Pay Act to support pay equity bargaining. The changes were ...5 days ago
- Transforming how our children learn to readStructured literacy will change the way New Zealand children learn to read - improving achievement and setting students up for success, Education Minister Erica Stanford says. “Being able to read and write is a fundamental life skill that too many young people are missing out on. Recent data shows that ...5 days ago
- NZ not backing down in Canada dairy disputeTrade Minister Todd McClay says Canada’s refusal to comply in full with a CPTPP trade dispute ruling in our favour over dairy trade is cynical and New Zealand has no intention of backing down. Mr McClay said he has asked for urgent legal advice in respect of our ‘next move’ ...5 days ago
- Stronger oversight for our most vulnerable childrenThe rights of our children and young people will be enhanced by changes the coalition Government will make to strengthen oversight of the Oranga Tamariki system, including restoring a single Children’s Commissioner. “The Government is committed to delivering better public services that care for our most at-risk young people and ...5 days ago
- Streamlining Building Consent ChangesThe Government is making it easier for minor changes to be made to a building consent so building a home is easier and more affordable, Building and Construction Minister Chris Penk says. “The coalition Government is focused on making it easier and cheaper to build homes so we can ...5 days ago
- Minister acknowledges passing of Sir Robert Martin (KNZM)New Zealand lost a true legend when internationally renowned disability advocate Sir Robert Martin (KNZM) passed away at his home in Whanganui last night, Disabilities Issues Minister Louise Upston says. “Our Government’s thoughts are with his wife Lynda, family and community, those he has worked with, the disability community in ...6 days ago
- Speech to New Zealand Institute of International Affairs, Parliament – Annual Lecture: Challenges ...Good evening – Before discussing the challenges and opportunities facing New Zealand’s foreign policy, we’d like to first acknowledge the New Zealand Institute of International Affairs. You have contributed to debates about New Zealand foreign policy over a long period of time, and we thank you for hosting us. ...6 days ago
- Accelerating airport security linesFrom today, passengers travelling internationally from Auckland Airport will be able to keep laptops and liquids in their carry-on bags for security screening thanks to new technology, Transport Minister Simeon Brown says. “Creating a more efficient and seamless travel experience is important for holidaymakers and businesses, enabling faster movement through ...6 days ago
- Community hui to talk about kina barrensPeople with an interest in the health of Northland’s marine ecosystems are invited to a public meeting to discuss how to deal with kina barrens, Oceans and Fisheries Minister Shane Jones says. Mr Jones will lead the discussion, which will take place on Friday, 10 May, at Awanui Hotel in ...6 days ago
- Kiwi exporters win as NZ-EU FTA enters into forceKiwi exporters are $100 million better off today with the NZ EU FTA entering into force says Trade Minister Todd McClay. “This is all part of our plan to grow the economy. New Zealand's prosperity depends on international trade, making up 60 per cent of the country’s total economic activity. ...6 days ago
- Mining resurgence a welcome signThere are heartening signs that the extractive sector is once again becoming an attractive prospect for investors and a source of economic prosperity for New Zealand, Resources Minister Shane Jones says. “The beginnings of a resurgence in extractive industries are apparent in media reports of the sector in the past ...6 days ago
- Ō-Rākau Remembrance Bill passes first readingThe return of the historic Ō-Rākau battle site to the descendants of those who fought there moved one step closer today with the first reading of Te Pire mō Ō-Rākau, Te Pae o Maumahara / The Ō-Rākau Remembrance Bill. The Bill will entrust the 9.7-hectare battle site, five kilometres west ...7 days ago
- Government to boost public EV charging networkEnergy Minister Simeon Brown has announced 25 new high-speed EV charging hubs along key routes between major urban centres and outlined the Government’s plan to supercharge New Zealand’s EV infrastructure. The hubs will each have several chargers and be capable of charging at least four – and up to 10 ...7 days ago
- Residential Property Managers Bill to not progressThe coalition Government will not proceed with the previous Government’s plans to regulate residential property managers, Housing Minister Chris Bishop says. “I have written to the Chairperson of the Social Services and Community Committee to inform him that the Government does not intend to support the Residential Property Managers Bill ...7 days ago
- Independent review into disability support servicesThe Government has announced an independent review into the disability support system funded by the Ministry of Disabled People – Whaikaha. Disability Issues Minister Louise Upston says the review will look at what can be done to strengthen the long-term sustainability of Disability Support Services to provide disabled people and ...7 days ago
- Justice Minister updates UN on law & order planJustice Minister Paul Goldsmith has attended the Universal Periodic Review in Geneva and outlined the Government’s plan to restore law and order. “Speaking to the United Nations Human Rights Council provided us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while responding to issues and ...7 days ago
- Ending emergency housing motels in RotoruaThe Government and Rotorua Lakes Council are committed to working closely together to end the use of contracted emergency housing motels in Rotorua. Associate Minister of Housing (Social Housing) Tama Potaka says the Government remains committed to ending the long-term use of contracted emergency housing motels in Rotorua by the ...7 days ago
- Trade Minister travels to Riyadh, OECD, and DubaiTrade Minister Todd McClay heads overseas today for high-level trade talks in the Gulf region, and a key OECD meeting in Paris. Mr McClay will travel to Riyadh to meet with counterparts from Saudi Arabia and the Gulf Cooperation Council (GCC). “New Zealand’s goods and services exports to the Gulf region ...1 week ago
- Education priorities focused on lifting achievementEducation Minister Erica Stanford has outlined six education priorities to deliver a world-leading education system that sets Kiwi kids up for future success. “I’m putting ambition, achievement and outcomes at the heart of our education system. I want every child to be inspired and engaged in their learning so they ...1 week ago
- NZTA App first step towards digital driver licenceThe new NZ Transport Agency (NZTA) App is a secure ‘one stop shop’ to provide the services drivers need, Transport Minister Simeon Brown and Digitising Government Minister Judith Collins say. “The NZTA App will enable an easier way for Kiwis to pay for Vehicle Registration and Road User Charges (RUC). ...1 week ago
- Supporting whānau out of emergency housingWhānau with tamariki growing up in emergency housing motels will be prioritised for social housing starting this week, says Associate Housing Minister Tama Potaka. “Giving these whānau a better opportunity to build healthy stable lives for themselves and future generations is an essential part of the Government’s goal of reducing ...1 week ago
- Tribute to Dave O'SullivanRacing Minister Winston Peters has paid tribute to an icon of the industry with the recent passing of Dave O’Sullivan (OBE). “Our sympathies are with the O’Sullivan family with the sad news of Dave O’Sullivan’s recent passing,” Mr Peters says. “His contribution to racing, initially as a jockey and then ...1 week ago
- Speech – Eid al-FitrAssalaamu alaikum, greetings to you all. Eid Mubarak, everyone! I want to extend my warmest wishes to you and everyone celebrating this joyous occasion. It is a pleasure to be here. I have enjoyed Eid celebrations at Parliament before, but this is my first time joining you as the Minister ...1 week ago
- Government saves access to medicinesAssociate Health Minister David Seymour has announced Pharmac’s largest ever budget of $6.294 billion over four years, fixing a $1.774 billion fiscal cliff. “Access to medicines is a crucial part of many Kiwis’ lives. We’ve committed to a budget allocation of $1.774 billion over four years so Kiwis are ...1 week ago
- Pharmac Chair appointedHon Paula Bennett has been appointed as member and chair of the Pharmac board, Associate Health Minister David Seymour announced today. "Pharmac is a critical part of New Zealand's health system and plays a significant role in ensuring that Kiwis have the best possible access to medicines,” says Mr Seymour. ...1 week ago
- Taking action on Fetal Alcohol Spectrum DisorderHundreds of New Zealand families affected by Fetal Alcohol Spectrum Disorder (FASD) will benefit from a new Government focus on prevention and treatment, says Health Minister Dr Shane Reti. “We know FASD is a leading cause of preventable intellectual and neurodevelopmental disability in New Zealand,” Dr Reti says. “Every day, ...1 week ago
- New sports complex opens in KaikoheRegional Development Minister Shane Jones today attended the official opening of Kaikohe’s new $14.7 million sports complex. “The completion of the Kaikohe Multi Sports Complex is a fantastic achievement for the Far North,” Mr Jones says. “This facility not only fulfils a long-held dream for local athletes, but also creates ...1 week ago
- Diplomacy needed more than everForeign Minister Winston Peters’ engagements in Türkiye this week underlined the importance of diplomacy to meet growing global challenges. “Returning to the Gallipoli Peninsula to represent New Zealand at Anzac commemorations was a sombre reminder of the critical importance of diplomacy for de-escalating conflicts and easing tensions,” Mr Peters ...1 week ago
- Anzac Commemorative Address, Buttes New British Cemetery BelgiumAmbassador Millar, Burgemeester, Vandepitte, Excellencies, military representatives, distinguished guests, ladies and gentlemen – good morning and welcome to this sacred Anzac Day dawn service. It is an honour to be here on behalf of the Government and people of New Zealand at Buttes New British Cemetery, Polygon Wood – a deeply ...2 weeks ago
- Anzac Commemorative Address – NZ National Service, Chunuk BairDistinguished guests - It is an honour to return once again to this site which, as the resting place for so many of our war-dead, has become a sacred place for generations of New Zealanders. Our presence here and at the other special spaces of Gallipoli is made ...2 weeks ago
- Plucky Foodstuffs crushed by the iron fist of big bicycle
The beloved local grocers lost a legal challenge to stop a new cycleway outside their store. Joel MacManus reports. In the annals of New Zealand legal history, there are a few brave people who have dared to stand up to the powers that be, no matter how bleak the odds ...2 hours ago - Seven graphs that show where New Zealand’s food comes from… and where it goesHow what we produce and what we eat connects us to the world beyond our shores, visualised. Walking around a supermarket or vege shop, it might be obvious that everything on the shelves came from somewhere. But you might ...2 hours ago
- Q&A – avian influenza H5N1
Professor Jemma Geoghegan, of the University of Otago, Otakou Whakaihu Waka, co-leads a Te Niwha project aimed at understanding how and where avian influenza could affect Aotearoa New Zealand, as the highly infectious H5N1 virus spreads globally. The virus has now spread to all continents except Oceania and was recently ...2 hours ago - The repressive underside of Rwanda’s regimeThirty years on from Rwanda’s genocide, is guilt over the atrocities is blinding the world to the true nature of its current leadership? The post The repressive underside of Rwanda’s regime appeared first on Newsroom. ...2 hours ago
- World shines a light on NZ’s human rights breachesOpinion: Last week, important recommendations for our criminal justice system were made by the international community. Every five years, each member of the United Nations has its human rights practices reviewed. This rolling event – the Universal Periodic Review – is the culmination of a government reporting on its human ...2 hours ago
- The mutant bird flu lurking on our bordersHighly pathogenic avian influenza – H5N1, or bird flu – has been flying around the world since the late 1990s. New Zealand, Australia and the Pacific Islands are so far free of it, but now it’s been discovered in mainland Antarctica and scientists say it’s only a matter of time ...2 hours ago
- Meridian Energy: no need to ‘engage’ locals ahead of fast-track applicationsFor projects of national significance, the energy giant recommends applicants need only “notify” those potentially affected The post Meridian Energy: no need to ‘engage’ locals ahead of fast-track applications appeared first on Newsroom. ...2 hours ago
- How Kiwis are getting their families out of PalestineMohammed paid $70,000 to get his 10 family members into Egypt. They still don’t have a clear way into New Zealand. The post How Kiwis are getting their families out of Palestine appeared first on Newsroom. ...2 hours ago
- Newsroom daily quiz, Tuesday 7 MayLoading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('A,DIV,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, Tuesday 7 May appeared first on Newsroom. ...2 hours ago
- On the legendary Phil Wood of Phil Wood Menswear, WestportThe following interview with auto electrician and former caver Stu Berendt, 68, of Charleston on the West Coast, came about because he was part of the caving team that found the rare and amazing fossil remains of the giant Haast eagle, the subject of one of the year’s best books, ...2 hours ago
- The economic case against conscriptionOpinion: How economists helped to end slavery and conscription in the US and elsewhere The post The economic case against conscription appeared first on Newsroom. ...2 hours ago
- Can Pharmac do more with the same pot of money?A $1.8b funding boost for Pharmac still won’t enable it to buy more drugs, raising questions about the Government’s approach to the agency The post Can Pharmac do more with the same pot of money? appeared first on Newsroom. ...2 hours ago
- National progressing changes to NZ Super’s ownership rulesLabour early last year introduced a bill to allow New Zealand’s pension fund to own more than half of a company or asset The post National progressing changes to NZ Super’s ownership rules appeared first on Newsroom. ...2 hours ago
- Neediest areas are being shortchanged on government funds − even with programs designed to benefit...
Source: The Conversation (Au and NZ) – By Eric Stokan, Assistant Professor of Political Science, University of Maryland, Baltimore County If you live in one of the most economically deprived neighborhoods in your city, you might think the government is directing a smaller share of public funds to your community. ...6 hours ago - Tackling Pacific media’s crucial role in climate crisis and press freedomWansolwara The news media’s crucial role in climate change and environment journalism was the focus of The University of the South Pacific’s Journalism Programme 2024 World Press Freedom Day celebrations. The European Union Ambassador to the Pacific, Barbara Plinkert, and Pacific Islands Forum Secretary General Henry Puna were the chief ...8 hours ago
- QANTAS has finally settled its ‘ghost flights’ lawsuit for $120 million. What’s next?Source: The Conversation (Au and NZ) – By Michael Adams, Professor of Corporate Law & Academic Director of UNE Sydney campus, University of New England Last August, the Australian Competition and Consumer Commission (ACCC) launched legal proceedings against Qantas. The consumer watchdog accused the airline of selling thousands of tickets ...9 hours ago
- Contradictions and confusion: More questions than answers at government press conference
The Prime Minister and Corrections Minister repeatedly provided incorrect information about their $1.9 billion planned prison spend-up. ...12 hours ago - A View from Afar: Buchanan and Manning – A moment of frictionThis episode of A View From Afar was recorded LIVE on May 6, 2024 (NZST) which is Sunday evening, May 5, 2024 at 8:30pm (USEST). In an analytical essay titled ‘A moment of friction’ political scientist Dr Paul Buchanan wrote how we are living within a decisive moment ...13 hours ago
- Can I take your order – and your data? The hidden reason retailers are replacing staff with AI bot...Source: The Conversation (Au and NZ) – By Cameron Shackell, Sessional Academic and Visitor, School of Information Systems, Queensland University of Technology Linus Zoll / Google DeepMind / Unsplash You might have seen viral videos of Wendy’s drive-thru customers in the United States ordering their fast food from the ...13 hours ago
- The steamiest movie of the year has almost no sex in it. How did Challengers do it?Source: The Conversation (Au and NZ) – By Alison Taylor, Assistant Professor, Bond University Metro Goldwyn Mayer Pictures At the crux of the critical response to Luca Guadagnino’s new movie Challengers is one word: “sexy”. The film charts a love triangle between three up-and-coming tennis players: Tashi (Zendaya), ...13 hours ago
- The Australian public service is letting Indigenous people down. How do we fix it?Source: The Conversation (Au and NZ) – By Jenny Stewart, Professor of Public Policy, ADFA Canberra, UNSW Sydney For years, First Nations people have been telling governments they want to be listened to. In particular, they want more ownership of the programs and services that are supposed to help them. ...14 hours ago
- Curious Kids: why do trees have bark?Source: The Conversation (Au and NZ) – By Gregory Moore, Senior Research Associate, School of Ecosystem and Forest Sciences, The University of Melbourne Why do trees have bark? Julien, age 6, Melbourne. This is a great question, Julien. We are so familiar with bark on trees, that most of us ...14 hours ago
- Prime Minister Christopher Luxon announces $1.9 billion plan to make NZ saferThe Prime Minister says there will be a "significant investment" in funding for frontline Corrections staffing and services. ...15 hours ago
- Surgery is the default treatment for ACL injuries in Australia. But it’s not the only waySource: The Conversation (Au and NZ) – By Anthony Nasser, Senior Lecturer in Physiotherapy, University of Technology Sydney PeopleImages.com – Yuri A/Shutterstock The anterior cruciate ligament (ACL) is an important ligament in the knee. It runs from the thigh bone (femur) to the shin bone (tibia) and helps stabilise ...15 hours ago
- Inflation, education and productivity: Some of the problems NZ needs to fix, according to the OECDThe country is being told it needs to get inflation under control, balance the books, raise educational achievement, and lift productivity. ...15 hours ago
- Live: Prime Minister Christopher Luxon's post-Cabinet updateWatch RNZ's livestream of the press conference and follow our blog for all the latest updates. ...15 hours ago
- Voluntary redundancies at Ministry of Business, Innovation and Employment bring its tally of job los...The latest round of voluntary redundancies at the ministry has lifted RNZ's count of public sector job cuts to more than 4000. ...16 hours ago
- UK Tories perform badly at local elections; Labor still narrowly ahead in Australian pollsSource: 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 I covered the May 2 United Kingdom local government elections for The Poll Bludger. The Blackpool South parliamentary byelection was also held, ...16 hours ago
- Hundreds of cities have achieved zero road deaths in a year. Here’s how they did itSource: The Conversation (Au and NZ) – By Matthew Mclaughlin, Adjunct Research Fellow, The University of Western Australia Matthew Mclaughlin It’s National Road Safety Week and it comes on the back of a year in which 1,286 people died on Australian roads. The rising road toll – up 8.2% ...16 hours ago
- What does the new Commonwealth Prac Payment mean for students? Will it do enough to end ‘placement...Source: The Conversation (Au and NZ) – By Deanna Grant-Smith, Professor of Management, University of the Sunshine Coast The federal government has announced a “Commonwealth Prac Payment” to support selected groups of students doing mandatory work placements. Those who are studying to be a teacher, nurse, midwife or social ...16 hours ago
- Education, productivity and emissions: Three big problems NZ needs to fix, according to the OECDEconomic growth is sluggish - and the problems are a familiar list. ...17 hours ago
- New to streaming: What to watch on Netflix NZ, Neon and more this weekWe round up everything coming to streaming services this week, including Netflix, Amazon Prime, Disney+, Apple TV+, ThreeNow, Neon and TVNZ+. If you love a dark comedy: Bodkin (Netflix, May 9) An English podcaster, an Irish podcaster and American podcaster walk into a pub and…make a TV show? ...17 hours ago
- ‘Don’t mistake Pacific leaders AUKUS quietness’ as support for NZ, says academicBy Eleisha Foon, RNZ Pacific senior journalist A Pacific regionalism academic has called out New Zealand’s Foreign Affairs Minister Winston Peters for withholding information from the public on AUKUS and says the security deal “raises serious questions for the Pacific region”. Auckland University of Technology academic Dr Marco de Jong ...18 hours ago
- Labour says Government's water plan will see some councils 'left out in the cold'Meanwhile, the party and National are also odds about whose plan to fix the pipes will cost more. ...18 hours ago
- The climate cost of your digital lifeHow worried should we be about the cloud? This is an excerpt from our weekly environmental newsletter Future Proof. Sign up here. I currently have a few thousand unread emails languishing in my inbox, mostly old marketing newsletters and piles of unread science journal press releases. I have a similar number ...18 hours ago
- Three fact-checking challenges in Southeast AsiaSource: The Conversation (Au and NZ) – By Nuurrianti Jalli, Assistant Professor of Communication Studies College of Arts and Sciences Department of Languages, Literature, and Communication Studies, Northern State University Amid the COVID-19 pandemic, Southeast Asian governments not only have to deal with the virus but also with the false ...19 hours ago
- Houston area’s flood problems offer lessons for cities trying to adapt to a changing climateSource: The Conversation (Au and NZ) – By Richard B. (Ricky) Rood, Professor Emeritus of Climate and Space Sciences and Engineering, University of Michigan Pavement can leave floodwater with nowhere to go. Chengyue Lao/Xinhua via Getty Images Scenes from the Houston area looked like the aftermath of a hurricane in ...19 hours ago
- The scaling back of Saudi Arabia’s proposed urban mega-project sends a clear warning to other woul...Source: The Conversation (Au and NZ) – By David Murakami Wood, Professor of Critical Surveillance and Securities Studies, L’Université d’Ottawa/University of Ottawa The skyline of Riyadh, the capital and largest city of the Kingdom of Saudia Arabia. (Shutterstock) There is a long history of planned city building by both governments ...19 hours ago
- Many immigrants to the US are fleeing violence and persecution − here’s how the federal governme...Source: The Conversation (Au and NZ) – By Karen Jacobsen, Henry J. Leir Chair in Global Migration, Fletcher School of Law & Diplomacy, Tufts University The men’s dormitory at a new center for asylum-seekers in Portland, Maine. Ben McCanna/Portland Press Herald via Getty Images Immigration has become a defining issue ...19 hours ago
- LIVE TODAY: A View from Afar – A Moment of FrictionThe LIVE Recording of A View from Afar podcast will begin today at 12:45pm May 6, 2024 (NZST) which is Sunday evening, 8:30pm (USEST). In an analytical essay titled ‘A moment of friction’ political scientist Dr Paul Buchanan wrote how we are living within a decisive moment of ...19 hours ago
- How to make the most of oyster seasonThe Boil Up’s Lucinda Bennett considers the oyster – from freshness to pearls to the joy of shucking your own. This is an excerpt from our weekly food newsletter, The Boil Up. In Carmen Maria Machado’s short story ‘Eight Bites’, a woman begins her last supper before bariatric surgery with “a cavalcade ...19 hours ago
- Auckland University staff appeal over Gaza protest in solidarity with studentsAsia Pacific Report A group of 65 Auckland University academics have written an open letter to vice-chancellor Dawn Freshwater criticising the institution’s stance over students protesting in solidarity with Palestine. They have called on her administration to “support” the students who were denied permission to establish an “overnight encampment” by ...20 hours ago
- How the Student Volunteer Army is helping high schoolers give backThe Student Volunteer Army is on the march, generating approximately 1.6 million hours of volunteering from roughly 35,000 secondary school students in just five years. For Rebekah Brown, the pathway to volunteering started with her singing coach. With a passion for the arts, the suggestion to volunteer at Acting Antics, ...21 hours ago
- Here’s what happened when I replaced my personality with the Meta AI chatbot for a dayKeeping up with online communication can be exhausting, so Fran Barclay enlisted the help of Meta’s new ‘intelligent assistant’ to respond to all her messages. Could her mates tell the difference? For centuries, technology has ruled the ways in which we communicate. From the dawn of written language, to the ...21 hours ago
- MP Jamie Arbuckle to keep two jobs – and two salariesJamie Arbuckle, a councillor who has become an member of parliament, says he has settled into having two roles so comfortably he's going to keep both pay cheques. ...21 hours ago
- What Australia can learn from Latin America when it comes to tackling violence against womenSource: The Conversation (Au and NZ) – By Luis Gómez Romero, Senior Lecturer in Human Rights, Constitutional Law and Legal Theory, University of Wollongong Fifty years ago, Australian feminist Anne Summers denounced “the ideology of sexism” governing over so many women’s lives. Unfortunately, sexism is as lethal today as it ...22 hours ago
- A tax on sugary drinks can make us healthier. It’s time for Australia to introduce oneSource: The Conversation (Au and NZ) – By Peter Breadon, Program Director, Health and Aged Care, Grattan Institute Leah Newhouse/Pexels Sugary drinks cause weight gain and increase the risk of a range of diseases, including diabetes. The evidence shows that well-designed taxes can reduce sugary drink sales, cause ...22 hours ago
- As New Zealand CBDs evolve post-pandemic, repurposing old or empty spaces should be on the drawing b...Source: The Conversation (Au and NZ) – By Jose Antonio Lara-Hernandez, Senior Researcher in Architecture, Auckland University of Technology Getty Images The COVID-19 pandemic and the hybrid work patterns it fostered have changed the way we think about office space, and central business districts in general. While fears ...22 hours ago
- Nuclear power makes no sense for Australia – but it’s a useful diversion from real climate actio...Source: The Conversation (Au and NZ) – By Adam Simpson, Senior Lecturer, International Studies, University of South Australia Wlad74, Shutterstock Opposition leader Peter Dutton argues Australia needs nuclear power to achieve net zero emissions by 2050. But nuclear power is not feasible for Australia. It is too slow, too ...22 hours ago
- Australian churches collectively raise billions of dollars a year – why aren’t they taxed?Source: The Conversation (Au and NZ) – By Dale Boccabella, Associate Professor of Taxation Law, UNSW Sydney There’s a good reason your local volunteer-run netball club doesn’t pay tax. In Australia, various nonprofit organisations are exempt from paying income tax, including those that do charitable work, such as churches. ...22 hours ago
- Real comedy, real trauma: how Baby Reindeer and Feel Good are forging a new television genreSource: The Conversation (Au and NZ) – By Marina Deller, Casual Academic, Creative Writing and English Literature, Flinders University Netflix Comedy is opening up spaces for silences to be broken and trauma stories to be told. In 2018, Hannah Gadsby started a revolution with Nanette, asking audiences to rethink ...22 hours ago
- Tense office dynamics draining your soul? Kink can help with thatThe workplace can be a minefield of bad comms and passive aggression. Kinksters can help you navigate it. A friend and colleague recently gave me a compliment I loved. They told me I’d always been good at emotional communication and making people feel comfortable. “But I feel like it’s really ...22 hours ago
- Old, more polluting ships serving NZ could be a barrier to climate goalsThe Climate Change Commission is floating the idea of bringing international shipping into New Zealand's carbon-cutting targets. ...1 day ago
- A week on, the school phone ban is (mostly) winning praiseEven if some students are now just texting on their laptops. Stewart Sowman-Lund writes in this excerpt from The Bulletin, The Spinoff’s morning news round-up. To receive The Bulletin in full each weekday, sign up here. ...1 day ago
- Could Wellington be the next region to ink a water deal with the government?Councils from Horowhenua, Kāpiti, Wairarapa, the Hutt Valley, Porirua and Wellington City will meet this Friday to work together on a plan for a Greater Wellington region water deal. ...1 day ago
- Award-Winning Musician Ria Hall Announces Candidacy For Mayor Of Tauranga
Renowned musician, advocate, and proud born and raised daughter of Tauranga, Ria Hall, is announcing her candidacy for Mayor of Tauranga and Pāpāmoa Ward for the upcoming election on July 20th. ...1 day ago - Teachers don’t want the new histories curriculum to be ‘rebalanced’The new Aotearoa histories curriculum is rich with potential. There’s still work to be done, but the education minister’s criticisms about ‘balance’ miss the mark, argues primary school teacher Jessie Moss. In 2015, Ōtorohanga College students presented to parliament a petition signed by more than 10,000 people calling for a ...1 day ago
- At last! The kiwi is getting its comeuppance For too long our so-called national bird has maintained its stranglehold on the economy of regional New Zealand. Thanks to the fast track legislation, we will have our revenge. Theories abound on what ails New Zealand’s economy. National leader Chris Luxon has posited that we’re negative, wet, whiny, and inward-looking; ...1 day ago
- New Kiwi gymnast flips for Olympic dreamFor the past 12 years, Georgia-Rose Brown has balanced on the brink of making an Olympic Games – but always landed gracefully on the wrong side. Reaching the Olympics is a dream the gymnast has harboured since she was a six-year-old; a dream that would dwindle every four years, yet ...1 day ago
- Rent controls are far from being ‘economically illiterate’Opinion: There are many ways to regulate for rental increases, depending on the market conditions The post Rent controls are far from being ‘economically illiterate’ appeared first on Newsroom. ...1 day ago
- Southland stream life wiped out by single contaminant dumpAn investigation is underway into how freshwater crayfish, trout and thousands of eels were killed when pollution from private land ended up in a healthy stream The post Southland stream life wiped out by single contaminant dump appeared first on Newsroom. ...1 day ago
- An incident at Glenmark station in CanterburyLate one afternoon in March 1860 a man in a thin green velveteen jacket and a wide-awake hat arrived on foot at a sheep station named Glenmark, about 65 kilometres north of Christchurch. The man was in his mid-fifties but he looked older. Several people who met him that day ...1 day ago
- An obscure climate accounting decision with billion-dollar consequencesOpinion: For a country that trades on its reputation as a trustworthy international counterpart, we must follow through on our climate commitments – or face serious financial risks The post An obscure climate accounting decision with billion-dollar consequences appeared first on Newsroom. ...1 day ago
- Officials set aside environmental benefits of waste-to-energy facilityA $350 million waste incinerator is a step closer, but questions marks remain over its environmental benefits The post Officials set aside environmental benefits of waste-to-energy facility appeared first on Newsroom. ...1 day ago
- Auckland’s decades-old stadium shuffleIf building one of Auckland’s possible waterfront stadiums was funded privately, it would need to hold a sold-out Ed Sherran concert every weekday for 25 years. That’s Rob Hamlin’s finding – he’s a senior marketing lecturer at the University of Otago. “It’s not going to happen; forget about it,” he ...1 day ago
- Federated Farmers’ support for fast-track bill ‘ambiguous’Fed Farmers’ oral and written submissions on the fast-track bill contain no definitive indication of the group’s support. Board member Mark Hooper clarifies. The post Federated Farmers’ support for fast-track bill ‘ambiguous’ appeared first on Newsroom. ...1 day ago
- How advertising, not social media, killed traditional journalismComment: The debate over the future relationship between news and social media is bringing us closer to a long-overdue reckoning. Social media isn’t trying to kill journalism, because social media has never really cared about journalism. Social media is resolutely in the attention business. News propels some attention — perhaps ...1 day ago
- Daily crossword, Monday 6 MayThe post Daily crossword, Monday 6 May appeared first on Newsroom. ...1 day ago
- Political donations: people power no match for big businessAnalysis: Experts are renewing their calls for a cap on donations as the gap between the left and the right widens The post Political donations: people power no match for big business appeared first on Newsroom. ...1 day ago
- Newsroom daily quiz, Monday 6 MayLoading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('A,DIV,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, Monday 6 May appeared first on Newsroom. ...1 day ago
- Students on social work, nursing and teaching placements to get weekly $319.50 means tested Prac Pay...Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra A new Commonwealth Prac Payment will provide students with $319.50 a week when they are on clinical and professional placements. The payment will be means tested and start from July 1 next year, which ...1 day ago
- Auckland Palestine rally honours Gaza journalists for freedom awardAsia Pacific Report About 500 people honoured Palestinian journalists in the heart of the New Zealand city of Auckland today for their brave coverage of Israel’s War on Gaza, now in its seventh month with almost 35,000 people killed, mostly women and children. Marking the annual May 3 World Press ...1 day ago
- GCSB foreign spying capability under scrutinyThe Government Communications Security Bureau denies hosting a foreign spying capability flagged by the watchdog, differentiating it from the system recently criticised. ...2 days ago
- Auckland academics call out university stance over pro-Palestine protestRNZ News A group of academic staff at New Zealand’s largest university have expressed concern at the administration’s move to block a protest encampment that was planned to take place on campus calling for support for the rights of Palestinians. This week, the University of Auckland warned that while it ...2 days ago
- Auckland's new water plan unveiled by Mayor Wayne Brown and Local Government Minister Simeon Br...The government claims Aucklanders will avoid a projected 25.8 percent water rates increase with the coalition's Local Water Done Well plan. ...2 days ago
I would think it is obvious why the Airport are not worried. Because they don’t have a sizable debt in the first place. You can’t compare Auckland Airport to the Government’s debt rating anyway. Since a credit downgrade on New Zealand would effectively see interest rates for all New Zealanders go up by 1-1.5%. That is crippling in a time where you want confidence to return in the economy.
However it does help expose the politically convenient excuse used to justify the budget.
‘crippling’? The unemployment figures, and lack of action to address them, are more worrying for the country IMHO.
Um a credit downgrade does have an impact on unemployment as does government debt. The government has sizable infrastructure spending which will go some way to combat unemployment. here isn’t any magic bullet that simply stops unemployment. And those countries that spend billions on stimulus packages have little to show for them.
Yes, indeed it does, GC. The question, however, is if it has a bigger impact than failing to address the recession with a comprehensive recovery program. (And whatever team you’re batting for I’d be surprised if you do- we’ve essentially got re-jigged Cullen tax cuts and 150% of the insulation deal as our only stimulus, and I think both the left and the right can agree that one’s not enough, and the other is too poorly targeted to have a meaningful effect)
Because Marty – Auckland Airport doesn’t carry as much debt as the Government would, secondly Auckland Airport is not the whole of NZ so their rating wouldn’t flow to home owners and business as it would if the whole country was down graded.
I also think there is rather a bigger difference when you slip down from the higher rankings, rather than slipping from something like A to A-.
After all, lots of investors (hedge funds etc) only invest in the top rated securities, so losing your top rating will have a bigger impact on the number of investors willing to take a risk on you, vs going from A to A- where it probably wouldn’t scare as many investors away. To paraphrase – the bigger they are, the harder they fall.
And if we had any economic journalists worth their salt they would asking some bank economists about now the following:
– whether the rise in the NZD in the last week is due to the change in our credit watch status;
– what this has done for our “export led” recovery;
– whether after the “prudent budget” NZ is now at risk of becoming a safe harbour currency. Although the latter sounds nice, its actually a disaster for the volatility of a thinly traded currency such as ours.
As most economists know, there is no free lunch. Farmers are paying for the fiscal prudence of the budget.
Farmers on the whole are conservative and therefore believe in governments that are fiscally prudent. Hence why most will have supported the governments budget. When things get tough for farmers. They don’t spend more, they cut spending back. That is exactly what they want in a government. For them to cut debt levels.
The dollar rising has little to do with the credit status of New Zealand, its to do with the strength in our economy compared to many of our trading partners. Farmers certainly wouldn’t want to see New Zealand get a credit downgrade since that would have real implications for them. Of course the New Zealand dollar is a concern. But it has nothing to do with New Zealand’s credit rating since the dollar was rising even before the budget. That is why economic journalists aren’t blaming the credit rating.
The idea is that the demand for a currency is the demand for the underlying economy that it represents. If that economy seems less risky, demand goes up and this has an immediate increase in the price of that exchange rate. It’s based on a sort of International version of the CAPM model.
To the extent that the budget made the underlying economy “safer” (as proposed by English) this improves the risk adjusted returns from holding the NZD. Therefore, demand should rise.
wow.
Or put it another way, farmers are capitalists – they make their money on the rising value of the farmland – which they borrow against and make a capital tax free profit on when they retire.
However some farmers are concerned that this system is what is preventing the adding of value to exports and the lack of R and D being financed by their industry (because new farmers have loaded up on debt and until their farmland rises in value they cannot borrow to contribute to farm co-op investment).
In our economic terms – the real contribution of farming is falling because of this lack of investment in adding value. Thus we are all poorer because of this flaw in our major industry.
One way to cope is to tax capital gain on farmland values – and for the money collected to be reinvested back into farming (R and D and investment in added value).
Isn’t that a bit like saying “Fred Smith is not worried about his credit score being downgraded. If Fred isn’t worried, why was the Government?”