Daily review 12/05/2022

Written By: - Date published: 5:30 pm, May 12th, 2022 - 35 comments
Categories: Daily review - Tags:

Daily review is also your post.

This provides Standardistas the opportunity to review events of the day.

The usual rules of good behaviour apply (see the Policy).

Don’t forget to be kind to each other …

35 comments on “Daily review 12/05/2022 ”

  1. Poission 1

    Reverse wealth effect appearing in real estate sales volumes as RBNZ measures to curb Animal spirits underway.

    House sales nationwide tumbled by 29.3% between March and April alone, highlighting the ongoing slowdown of the market, the Real Estate Institute says.

    The institute’s latest figures showed there were just 4860 sales around the country in April. That was down 35.2% from the 7497 sales at the same time last year.

    On an annual basis, sales fell by over 10% in every region, but Marlborough had the biggest decline with 53.6%. In Auckland and Wellington they were down by 41.3% and 34.6% respectively.

    https://www.stuff.co.nz/life-style/homed/real-estate/128613580/power-shifts-from-sellers-as-housing-market-changes-pace

    The reverse wealth effect is an inverse to the Gecko index,where fear is good.

    • Belladonna 1.1

      I don't know that you can see Reverse wealth effect from the asset sales data.

      If the market is dropping, then you only sell if you absolutely need to – (or you've got a very quick sell/buy lined up) hence the decline in sales volumes.

      You'd need to see that home owners – have reduced their discretionary expenditure in other areas, to see a Reverse wealth effect in operation.

      Not to say I don't think it's operating – and, at this stage it will be purely psychological for the vast majority of home-owners – since you'd need to see a drop of around 30% in house prices to take them back to 2021 levels.

      https://www.stuff.co.nz/life-style/homed/real-estate/127364663/looking-back-on-the-property-market-in-2021

      • Poission 1.1.1

        When asset prices are appreciating the wealth effect leads to errors (such as leverage) when the asset may have increased by bubble not fundamentals .Housing is overvalued by around 20% due to unsustainable interest rates.When interest rates depreciated they went looking for a higher paying home such as property or sensitive new age stocks (meme shares) crypto etc.

        The inverse wealth effect is where people are reluctant to spend on high ticket items such as durables of vehicles,and tend to replace unessential spending with debt repayment or savings.

        • Belladonna 1.1.1.1

          The inverse wealth effect is where people are reluctant to spend on high ticket items such as durables of vehicles,and tend to replace unessential spending with debt repayment or savings.

          Yes, I understand this. However, you can't infer that it's happening purely from a drop in sales volume. You need other evidence – that people are not spending on high-price items.

          The one that I've seen is sales of utes dropping – but I don't think this is a good measure here – since everyone who had the slightest possibility of wanting one – bought it last year, before the tax went on.

          • Poission 1.1.1.1.1

            The tax incentive/disincentive on vehicles likely distorted the data,the april figures are next week (and trade vehicles would be in the financial year) March gst receipts were down.

            In the US inflation has disappeared from Durables as supply exceeds demand,and inflation is higher in used cars then new (suggesting price substitution)

  2. Belladonna 2

    A lot to digest in the announced immigration policy.

    But I'm particularly pleased to see the guaranteed path to residency for students studying low level qualifications vanish.

    Most notably, the placing of some limitations on the eligibility for post-study work visas of some students studying at Level 7 and below (excluding bachelor’s degrees), changes to the length of some post-study work visas and the raising of the funding that all prospective international student visa applicants will need to show before studying in New Zealand.

    https://www.education.govt.nz/news/changes-to-immigration-settings-for-future-international-students/

    This was a long-standing rort, and resulted in much corruption in the sector. Students 'studying' at low-level English courses, with teachers forced to pass them, regardless of ability – to retain the $20K+ fees. Students mostly working full-time-plus in dodgy and illegal enterprises – being exploited by exceedingly dodgy employers.

    It was explicitly sold overseas, by the school representatives and the middlemen in the country of origin, as a way into NZ residency.

    There's nothing to regret in this being shut down.

    • Belladonna 2.1

      Here's the actual government advisory

      For, students undertaking a qualification at Level 7 and below (excluding bachelor’s degrees), they will only be eligible for post- study work rights if the qualification is relevant to an occupation on the Green List. This includes Graduate Diplomas and Diplomas at level 7.

      Post study work rights for non-degree students who have studied for Green List relevant qualifications will only allow the migrant to work in that occupation, though they can switch employers and work for less than the median wage.

      https://www.immigration.govt.nz/documents/media/immigration-rebalance-international-education.pdf

    • Visubversa 2.2

      Absolutely, I saw a lot of dodgy dealing – Person A gets Residency by investment – in a couple of $2 shops. Various nephews come here and get low grade business qualifications and then get employment "managing" the $2 Shops. While they are doing the time to residency – more nephews and other relatives are also doing the cheap business qualifications and are ready to move into "management".

      • Craig H 2.2.1

        Always a frustration with these schemes. In theory there are immigration instructions for that scenario, but it's not terribly hard for friends to hire each other's family to avoid them.

  3. weka 3

    Not sure there is anything else to add to this, other than to point out that genderists have argued both that men won’t take advantage of self ID or that it doesn’t matter if they do.

    https://twitter.com/eilisohanion/status/1524391627392958467

    Thank fuck te Guardian had the sense to report straight up that Fenton is male. How very transphobic of them though.

    • Anker 3.1

      The picture says it all. I hope he doesn't go to a women's prison. What an outrage that would be.

      • Visubversa 3.1.1

        He probably would in California. The saying is that in America the right will make you have the rapist's baby while the left would have put the rapist in your cell in the women's prison.

        And Ireland has “Barbie Kardashian” in Limerick women’s prison. He tried to tear the eyelids off a female caregiver.

  4. joe90 4

    Fools and their money etc etc but fuck, this is sad.

    https://twitter.com/JohnBrownlow/status/1524383019582246912

    In the last 24 hours, roughly $10 billion have been drained from LUNA. Its price has fallen 93% in that time from $32 to $2.25 per coin, with the price changing rapidly each minute. After skidding to a low of 30 cents per coin, UST has ratcheted up more than a quarter to 64 cents.

    https://finance.yahoo.com/news/crypto-luna-ust-stablecoin-171635226.html

    • Muttonbird 4.1

      Boohoo. Had USD450K. Lost USD450K.

      Now "homeless", as in renting like half the rest of the population? How is that a problem worth suicide. Does it mean everyone who doesn't own a home should contemplate suicide?

      Get fucked.

      • joe90 4.1.1

        Get fucked.

        I know a PI dude. Rotuman. Lovely man. He came here ten/twelve years ago as a student. Graduated with an IT degree and has a secure, well paid systems admin job. He's bright, well educated, but despite all the warnings, he went hook, line and sinker for the Musk/Techbro bitcoin claptrap. Both stupid and desperate and I reckon he's done his dough.

        But he doesn't deserve the opprobrium and family shaming coming his way.

  5. SPC 5

    From the US news – gun deaths up, death by drug overdose up, and its hard to get child formula (supply problems).

    Competing narratives

    Image

    Image

    https://twitter.com/RonFilipkowski/status/1524565028980076548?cxt=HBwWiMC51Z_0q6gqAAAA&cn=ZmxleGlibGVfcmVjcw%3D%3D&refsrc=email

    • Peter 6.1

      I don't know if all of the 'general public' I saw addressing school boards about CRT and books in libraries and vaccinations and masks were grifters and con artists.

      I thought they were just dumb bastards.

  6. weka 7

    If you think women aren’t losing rights, you’re wrong. Women started Rape Crisis centres, grass roots activism. Decades later, a woman in the UK is taking a legal case against RC to get women only services reinstated. She wants those services alongside trans women inclusive and mixed services but the RC in question thinks TW should always be included in women’s services. If you still think TW are only like Georgina Beyer (medically and surgically transitioned), then see my comment above about self ID. ‘Trans women are women’ and self ID means any man can say they are a woman and everyone has to treat them as if they are, and women who’ve been raped or sexually abused as a child have to share support groups with them, have them as counsellors.

    https://twitter.com/sarahsurviving/status/1524677989702807553

    • Sabine 7.1

      she wants ONE service that is womb-man only. ONE service, but then men are men and men are women, and non man are to shut up, suck it up and swallow. 🙂

      As i said, go underground ladies and start from scratch.

      • weka 7.1.1

        I also think we will have to start from scratch. But I’d like us to have lawyers to make sure we don’t have to fight to retain whatever we set up.

        • Sabine 7.1.1.1

          Underground, Weka, nothing public. Literally like in the good old days. Kitchen table abortions, rape counseling, and shelter providing for women in need.

          What ever rights non males thought they had, well they just got taken away by government. Thanks government. Thanks left government. Thanks to all the right wing parties that supported that shit, but at least we can now be assured that the left gives no more fucks about non males then the right does.

          A few samples from my little world:

          My frind discovered a fully exposed male in the family room of the wake pools in tauranga. 🙂 He is a woman. 🙂

          Another friends whose daughter wrote an essay on free speech in the wake of the "WOMAN – female human adult" bullshittery from the WLGTN council was reprimandet, her family cited to school, to the effect that the parents removed that 12 year old from that school.

          Her father runs a group for men, and is currently fighting off a non male who is transmasculine and who would like to be part of his group. He is taking his group underground.

          Too late. Time to do this stuff as it was done before women created all these services and organsiations. These orgs are now job centres for the rainbow lanyards. Nothing more nothing less.

    • Molly 7.2

      IIRC, they also have specific transwomen and non-binary sessions. Just none for women.

      https://www.dailymail.co.uk/news/article-10249633/Rape-victim-forced-quit-therapy-sessions-feels-threatened-6ft-trans-woman.html

      It was hearing that he was moving back into the area that persuaded her to seek help from the Brighton-based Survivors' Network.

      When Sarah first contacted the charity, she noticed that the sessions were for 'self-identifying female survivors', and in her first phone call with a member of staff was asked what her 'gender identity' was.

      However, she believed that as the charity also runs separate groups for trans and non-binary people (who identify neither as male or female), her Wednesday-night session would be most probably exclusively for biological women.

      'We do not police gender and we do not define who is and is not a woman; we allow women to define this for themselves,' she wrote.

      The letter added, in what Sarah considers a cruel snub, that her 'primary option' was to move to one-to-one support or to find another service in the city which 'may be suitable for you'.

      Sarah, who works in accountancy, took the advice and tried to find another support group solely for biological females in Brighton, but discovered there were none, as they all stated that they welcomed 'self-identifying females'.

      Sarah suggested the charity should set up a service solely for those who were born women – which is allowed under an exemption to equality legislation – but was turned down.

      • Sabine 7.2.1

        And that is by default. And signed off by government who provides the funds to these services and who should uphold their own rules and legislations – which are still valid – namely that non males have a legal right to spaces free of non males and/ or lady dicks.

        • Molly 7.2.1.1

          NHS funded, frown.

          They did post a tweet with a Tik-tok video of the service they provide and the welcome they offer, complete with pronouns, but have taken it down.

          It gave some insight into their position – and indicated their level of competence.

          If I find it again elsewhere, I'll post.

          • Sabine 7.2.1.1.1

            My guess is that would they provide that ONE session that this particular non male is asking for that that service would be over run and show just how much non males want and need this service to be single sex and that can not be. Right? And that can not be.

            It is the government that needs to be taken to court and forced to uphold its own legislation. Single sex servings aka Toilets, Shelters, Prisons, Rape Centres, schools, changing rooms etc etc etc.

    • SPC 7.3

      One should still note that acceptance of identification as a woman is tighter in the UK – it's not a matter of self-identifying as it is here now.

      • Molly 7.3.1

        Can you expand?

        I'm unsure of the point you are making.

        • SPC 7.3.1.1

          Yes, I can say what the requirements are in the UK.

          And it related to this

          Weka said

          If you still think TW are only like Georgina Beyer (medically and surgically transitioned), then see my comment above about self ID

          Comment 3

          It's clear enough, one cannot just identify as a women in the UK and have it accepted.

          A person has to have lived for two years as a woman and then go through a number of hoops – assessments by medical experts, and then commit to living as a woman permanently.

          • Sabine 7.3.1.1.1

            Non of that matters actually,

            Woman in the UK have a legal right to single sex spaces. What you are having here is someone trying to enforce a law that provides this women with a service that is denied to her. Full stop. It is the government that funds these orgs that need to step in and assure that single sex services are provided to females.

            from the daily fail

            https://www.dailymail.co.uk/news/article-10684461/Public-bodies-limit-services-single-sex-says-EHRC.html

            bbc follow up by the EHRC on their statement above

            https://www.bbc.co.uk/news/uk-60983982

            Human rights watchdog publishes single-sex spaces guide

            NZ for example:

            From the CHCH City Council the local pools have already cancelled 'woman' only swimming (free of male bodies with curtains drawn to preseve dignity and such lol lol lol ) but allows self IDing woman – aka men – to access these 'woman' only swimming hours.

            So Self ID is already law, is treated as if it is law, and a service reserved for non males only is now mixed sex. But hey, 'woman' and rights, lol….maybe they need to get a judge and have decided that they have lived for two years as a women and thus will be legally recognised as women and thus will finally have some rights to their own spaces again.

            https://ccc.govt.nz/rec-and-sport/rec-and-sport-centres/fitness/group-fitness/small-group-and-short-courses/women-swim-sessions/

            Transgender women, and people who identify as being a woman, are welcome.

            • Blazer 7.3.1.1.1.1

              'From the CHCH City Council the local pools have already cancelled 'woman' only swimming (free of male bodies with curtains drawn to preseve dignity and such lol lol lol ) but allows self IDing woman – aka men – to access these 'woman' only swimming hours.'

              Unbelievable…what has the world come to?angry

          • Molly 7.3.1.1.2

            If I understand you correctly, that's why the lawsuit is going ahead, to test the current law.

            In practice, embedded diversity groups such as Stonewall have been advising government departments, institutions and companies on how they want that law to be interpreted, which has resulted in self-id being the sole requirement for access to opposite sex spaces.

            • SPC 7.3.1.1.2.1

              The issue over there is twofold – women only spaces (managed by councils) being replaced to allow self-ID mixing, because of pressure of the groups you mentioned – because their UK law is quite specific about the women's ID requirements.

              • weka

                self ID is two things: legislation, and social. Many organisations accept self-ID by what the person says, nothing to do with legislative requirements.

                My understanding of the UK situation is this:

                1. the Gender Recognition Act allows for trans people to get a Gender Recognition Certificate in the sex of their choice, but that process takes time and effort, it can't be done by a self-ID declaration.
                2. This is what Kathleen Stock calls an immersive fiction. They are allowed to be considered their nominated sex for many but not all purposes.
                3. The Equality Act prohibits discrimination in the basis of sex, but allows some exemptions where necessary and reasonable eg sport or rape crisis centres or women's changing rooms/toilets (and men's for that matter).
                4. Stonewall UK have spent a great deal of time and energy and money lying to groups, organisations and businesses, telling them that they cannot exclude trans people from single sex spaces of their chosen sex. This is not supported in law (afaik not even for people with a GRC)
                5. The single sex exemption is allowable not compulsory. So organisations can still use self-ID with or without a GRC if they choose. A great many do, sometimes out of ideology, sometimes because Stonewall lied to them.
                6. The UK government was going to allow a GRC on the basis of self-ID but changed its mind, largely thanks to gender critical feminists pointing out the problem.

                Upshot is that irrespective of the GRC law, self ID is well established and creating problems. This would get much worse if the GRC law was changed.

                Open to corrections if I've gotten any of that wrong.

                I don't really know the situation in NZ. The government did say that single sex exemptions would stand, but they also don't appear to define what sex is, so who knows. We have legal self-ID (changing sex marker on birth cert by self declaration) and social self ID (any man can say they are a woman at any time and this should be accepted as literal truth, nothing to do with a birth cert)

  7. joe90 8

    Just the thought would be enough to keep the CCP top table awake at night.

    https://www.abc.net.au/news/2022-05-10/spy-boss-suggests-chinese-officials-leaking-to-australia/101053414

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    Bob Edlin writes –  And what is the world watching today…? The email newsletter from Associated Press which landed in our mailbox early this morning advised: In the news today: The father of a school shooter has been found guilty of involuntary manslaughter; prosecutors in Trump’s hush-money case ...
    Point of OrderBy Bob Edlin
    3 days ago
  • Further integrity problems for the Greens in suspending MP Darleen Tana
    Bryce Edwards writes – Is another Green MP on their way out? And are the Greens severely tarnished by another integrity scandal? For the second time in three months, the Green Party has secretly suspended an MP over integrity issues. Mystery is surrounding the party’s decision to ...
    Point of OrderBy poonzteam5443
    3 days ago
  • Jacqui Van Der Kaay: Greens’ transparency missing in action
    For the last few years, the Green Party has been the party that has managed to avoid the plague of multiple scandals that have beleaguered other political parties. It appears that their luck has run out with a second scandal which, unfortunately for them, coincided with Golraz Ghahraman, the focus ...
    Democracy ProjectBy bryce.edwards
    3 days ago
  • Bernard’s Dawn Chorus with six newsey things at 6:46am for Saturday, March 16
    TL;DR: The six newsey things that stood out to me as of 6:46am on Saturday, March 16.Andy Foster has accidentally allowed a Labour/Green amendment to cut road user chargers for plug-in hybrid vehicles, which the Government might accept; NZ Herald Thomas Coughlan Simeon Brown has rejected a plea from Westport ...
    The KakaBy Bernard Hickey
    3 days ago
  • How Did FTX Crash?
    What seemed a booming success a couple of years ago has collapsed into fraud convictions.I looked at the crash of FTX (short for ‘Futures Exchange’) in November 2022 to see whether it would impact on the financial system as a whole. Fortunately there was barely a ripple, probably because it ...
    PunditBy Brian Easton
    4 days ago
  • Elections in Russia and Ukraine
    Anybody following the situation in Ukraine and Russia would probably have been amused by a recent Tweet on X NATO seems to be putting in an awful lot of effort to influence what is, at least according to them, a sham election in an autocracy.When do the Ukrainians go to ...
    4 days ago
  • Bernard’s six stack of substacks at 6pm on March 15
    TL;DR: Shaun Baker on Wynyard Quarter's transformation. Magdalene Taylor on the problem with smart phones. How private equity are now all over reinsurance. Dylan Cleaver on rugby and CTE. Emily Atkin on ‘Big Meat’ looking like ‘Big Oil’.Bernard’s six-stack of substacks at 6pm on March 15Photo by Jeppe Hove Jensen ...
    The KakaBy Bernard Hickey
    4 days ago
  • Buzz from the Beehive Finance Minister Nicola Willis had plenty to say when addressing the Auckland Business Chamber on the economic growth that (she tells us) is flagging more than we thought. But the government intends to put new life into it:  We want our country to be a ...
    Point of OrderBy Bob Edlin
    4 days ago
  • National’s clean car tax advances
    The Transport and Infrastructure Committee has reported back on the Road User Charges (Light Electric RUC Vehicles) Amendment Bill, basicly rubberstamping it. While there was widespread support among submitters for the principle that EV and PHEV drivers should pay their fair share for the roads, they also overwhelmingly disagreed with ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Government funding bailouts
    Peter Dunne writes – This week’s government bailout – the fifth in the last eighteen months – of the financially troubled Ruapehu Alpine Lifts company would have pleased many in the central North Island ski industry. The government’s stated rationale for the $7 million funding was that it ...
    Point of OrderBy poonzteam5443
    4 days ago
  • Two offenders, different treatments.
    See if you can spot the difference. An Iranian born female MP from a progressive party is accused of serial shoplifting. Her name is leaked to the media, which goes into a pack frenzy even before the Police launch an … Continue reading ...
    KiwipoliticoBy Pablo
    4 days ago
  • Treaty references omitted
    Ele Ludemann writes  – The government is omitting general Treaty references from legislation : The growth of Treaty of Waitangi clauses in legislation caused so much worry that a special oversight group was set up by the last Government in a bid to get greater coherence in the public service on Treaty ...
    Point of OrderBy poonzteam5443
    4 days ago
  • The Ghahraman Conflict
    What was that judge thinking? Peter Williams writes –  That Golriz Ghahraman and District Court Judge Maria Pecotic were once lawyer colleagues is incontrovertible. There is published evidence that they took at least one case to the Court of Appeal together. There was a report on ...
    Point of OrderBy poonzteam5443
    4 days ago
  • Bernard's Top 10 @ 10 'pick 'n' mix' for March 15
    TL;DR: My top 10 news and analysis links this morning include:Today’s must-read: Climate Scorpion – the sting is in the tail. Introducing planetary solvency. A paper via the University of Exeter’s Institute and Faculty of Actuaries.Local scoop: Kāinga Ora starts pulling out of its Auckland projects and selling land RNZ ...
    The KakaBy Bernard Hickey
    4 days ago
  • The day Wellington up-zoned its future
    Wellington’s massively upzoned District Plan adds the opportunity for tens of thousands of new homes not just in the central city (such as these Webb St new builds) but also close to the CBD and public transport links. Photo: Lynn Grieveson / The KākāTL;DR: Wellington gave itself the chance of ...
    The KakaBy Bernard Hickey
    4 days ago
  • Weekly Roundup 15-March-2024
    It’s Friday and we’re halfway through March Madness. Here’s some of the things that caught our attention this week. This Week in Greater Auckland On Monday Matt asked how we can get better event trains and an option for grade separating Morningside Dr. On Tuesday Matt looked into ...
    Greater AucklandBy Greater Auckland
    4 days ago
  • That Word.
    Something you might not know about me is that I’m quite a stubborn person. No, really. I don’t much care for criticism I think’s unfair or that I disagree with. Few of us do I suppose.Back when I was a drinker I’d sometimes respond defensively, even angrily. There are things ...
    Nick’s KōreroBy Nick Rockel
    4 days ago
  • The Hoon around the week to March 15
    Photo: Lynn Grieveson / The KākāTL;DR: The five things that mattered in Aotearoa’s political economy that we wrote and spoke about via The Kākā and elsewhere for paying subscribers in the last week included:PM Christopher Luxon said the reversal of interest deductibility for landlords was done to help renters, who ...
    The KakaBy Bernard Hickey
    4 days ago
  • Labour’s policy gap
    It was not so much the Labour Party but really the Chris Hipkins party yesterday at Labour’s caucus retreat in Martinborough. The former Prime Minister was more or less consistent on wealth tax, which he was at best equivocal about, and social insurance, which he was not willing to revisit. ...
    PolitikBy Richard Harman
    4 days ago
  • Skeptical Science New Research for Week #11 2024
    Open access notables A Glimpse into the Future: The 2023 Ocean Temperature and Sea Ice Extremes in the Context of Longer-Term Climate Change, Kuhlbrodt et al., Bulletin of the American Meteorological Society: In the year 2023, we have seen extraordinary extrema in high sea surface temperature (SST) in the North Atlantic and in ...
    5 days ago
  • Melissa remains mute on media matters but has something to say (at a sporting event) about economic ...
     Buzz from the Beehive   The text reproduced above appears on a page which records all the media statements and speeches posted on the government’s official website by Melissa Lee as Minister of Media and Communications and/or by Jenny Marcroft, her Parliamentary Under-secretary.  It can be quickly analysed ...
    Point of OrderBy Bob Edlin
    5 days ago
  • The return of Muldoon
    For forty years, Robert Muldoon has been a dirty word in our politics. His style of government was so repulsive and authoritarian that the backlash to it helped set and entrench our constitutional norms. His pig-headedness over forcing through Think Big eventually gave us the RMA, with its participation and ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Will the rental tax cut improve life for renters or landlords?
    Bryce Edwards writes –  Is the new government reducing tax on rental properties to benefit landlords or to cut the cost of rents? That’s the big question this week, after Associate Finance Minister David Seymour announced on Sunday that the Government would be reversing the Labour Government’s removal ...
    Point of OrderBy poonzteam5443
    5 days ago
  • Geoffrey Miller: What Saudi Arabia’s rapid changes mean for New Zealand
    Saudi Arabia is rarely far from the international spotlight. The war in Gaza has brought new scrutiny to Saudi plans to normalise relations with Israel, while the fifth anniversary of the controversial killing of Jamal Khashoggi was marked shortly before the war began on October 7. And as the home ...
    Democracy ProjectBy Geoffrey Miller
    5 days ago
  • Racism’s double standards
    Questions need to be asked on both sides of the world Peter Williams writes –   The NRL Judiciary hands down an eight week suspension to Sydney Roosters forward Spencer Leniu , an Auckland-born Samoan, after he calls Ezra Mam, Sydney-orn but of Aboriginal and Torres Strait ...
    Point of OrderBy poonzteam5443
    5 days ago
  • It’s not a tax break
    Ele Ludemann writes – Contrary to what many headlines and news stories are saying, residential landlords are not getting a tax break. The government is simply restoring to them the tax deductibility of interest they had until the previous government removed it. There is no logical reason ...
    Point of OrderBy poonzteam5443
    5 days ago
  • The Plastic Pig Collective and Chris' Imaginary Friends.
    I can't remember when it was goodMoments of happiness in bloomMaybe I just misunderstoodAll of the love we left behindWatching our flashbacks intertwineMemories I will never findIn spite of whatever you becomeForget that reckless thing turned onI think our lives have just begunI think our lives have just begunDoes anyone ...
    Nick’s KōreroBy Nick Rockel
    5 days ago
  • Who is responsible for young offenders?
    Michael Bassett writes – At first reading, a front-page story in the New Zealand Herald on 13 March was bizarre. A group of severely intellectually limited teenagers, with little understanding of the law, have been pleading to the Justice Select Committee not to pass a bill dealing with ram ...
    Point of OrderBy poonzteam5443
    5 days ago
  • Gordon Campbell on National’s fantasy trip to La La Landlord Land
    How much political capital is Christopher Luxon willing to burn through in order to deliver his $2.9 billion gift to landlords? Evidently, Luxon is: (a) unable to cost the policy accurately. As Anna Burns-Francis pointed out to him on Breakfast TV, the original ”rock solid” $2.1 billion cost he was ...
    5 days ago
  • Bernard's Top 10 @ 10 'pick 'n' mix' for March 14
    TL;DR: My top 10 news and analysis links this morning include:Today’s must-read: Jonathon Porritt calling bullshit in his own blog post on mainstream climate science as ‘The New Denialism’.Local scoop: The Wellington City Council’s list of proposed changes to the IHP recommendations to be debated later today was leaked this ...
    The KakaBy Bernard Hickey
    5 days ago
  • No, Prime Minister, rents don’t rise or fall with landlords’ costs
    TL;DR: Prime Minister Christopher Luxon said yesterday tenants should be grateful for the reinstatement of interest deductibility because landlords would pass on their lower tax costs in the form of lower rents. That would be true if landlords were regulated monopolies such as Transpower or Auckland Airport1, but they’re not, ...
    The KakaBy Bernard Hickey
    5 days ago
  • Cartoons: ‘At least I didn’t make things awkward’
    This is a re-post from Yale Climate Connections by Tom Toro Tom Toro is a cartoonist and author. He has published over 200 cartoons in The New Yorker since 2010. His cartoons appear in Playboy, the Paris Review, the New York Times, American Bystander, and elsewhere. Related: What 10 EV lovers ...
    5 days ago
  • Solving traffic congestion with Richard Prebble
    The business section of the NZ Herald is full of opinion. Among the more opinionated of all is the ex-Minister of Transport, ex-Minister of Railways, ex MP for Auckland Central (1975-93, Labour), Wellington Central (1996-99, ACT, then list-2005), ex-leader of the ACT Party, uncle to actor Antonia, the veritable granddaddy ...
    Greater AucklandBy Patrick Reynolds
    5 days ago
  • I Think I'm Done Flying Boeing
    Hi,Just quickly — I’m blown away by the stories you’ve shared with me over the last week since I put out the ‘Gary’ podcast, where I told you about the time my friend’s flatmate killed the neighbour.And you keep telling me stories — in the comments section, and in my ...
    David FarrierBy David Farrier
    5 days ago
  • Invoking Aristotle: Of Rings of Power, Stones, and Ships
    The first season of Rings of Power was not awful. It was thoroughly underwhelming, yes, and left a lingering sense of disappointment, but it was more expensive mediocrity than catastrophe. I wrote at length about the series as it came out (see the Review section of the blog, and go ...
    6 days ago
  • Van Velden brings free-market approach to changing labour laws – but her colleagues stick to distr...
    Buzz from the Beehive Workplace Relations and Safety Minister Brooke van Velden told Auckland Business Chamber members they were the first audience to hear her priorities as a minister in a government committed to cutting red tape and regulations. She brandished her liberalising credentials, saying Flexible labour markets are the ...
    Point of OrderBy Bob Edlin
    6 days ago
  • Why Newshub failed
    Chris Trotter writes – TO UNDERSTAND WHY NEWSHUB FAILED, it is necessary to understand how TVNZ changed. Up until 1989, the state broadcaster had been funded by a broadcasting licence fee, collected from every citizen in possession of a television set, supplemented by a relatively modest (compared ...
    Point of OrderBy poonzteam5443
    6 days ago
  • Māori Party on the warpath against landlords and seabed miners – let’s see if mystical creature...
    Bob Edlin writes  –  The Māori Party has been busy issuing a mix of warnings and threats as its expresses its opposition to interest deductibility for landlords and the plans of seabed miners. It remains to be seen whether they  follow the example of indigenous litigants in Australia, ...
    Point of OrderBy Bob Edlin
    6 days ago
  • There’s a name for this
    Every year, in the Budget, Parliament forks out money to government agencies to do certain things. And every year, as part of the annual review cycle, those agencies are meant to report on whether they have done the things Parliament gave them that money for. Agencies which consistently fail to ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Echoes of 1968 in 2024?  Pocock on the repetitive problems of the New Left
    Mike Grimshaw writes – Recent events in American universities point to an underlying crisis of coherent thinking, an issue that increasingly affects the progressive left across the Western world. This of course is nothing new as anyone who can either remember or has read of the late ...
    Point of OrderBy poonzteam5443
    6 days ago
  • Two bar blues
    The thing about life’s little victories is that they can be followed by a defeat.Reader Darryl told me on Monday night:Test again Dave. My “head cold” last week became COVID within 24 hours, and is still with me. I hear the new variants take a bit longer to show up ...
    More Than A FeildingBy David Slack
    6 days ago
  • Bernard's Top 10 @ 10 'pick 'n' mix' for March 13
    TL;DR: My top 10 news and analysis links this morning include:Today’s must-read: Angus Deaton on rethinking his economics IMFLocal scoop: The people behind Tamarind, the firm that left a $500m cleanup bill for taxpayers at Taranaki’s Tui oil well, are back operating in Taranaki under a different company name. Jonathan ...
    The KakaBy Bernard Hickey
    6 days ago
  • AT Need To Lift Their Game
    Normally when we talk about accessing public transport it’s about improving how easy it is to get to, such as how easy is it to cross roads in a station/stop’s walking catchment, is it possible to cycle to safely, do bus connections work, or even if are there new routes/connections ...
    6 days ago
  • Christopher's Whopper.
    Politicians are not renowned for telling the truth. Some tell us things that are verifiably not true. They offer statements that omit critical pieces of information. Gloss over risks, preferring to offer the best case scenario.Some not truths are quite small, others amusing in their transparency. There are those repeated ...
    Nick’s KōreroBy Nick Rockel
    6 days ago

  • Positive progress for social worker workforce
    New Zealand’s social workers are qualified, experienced, and more representative of the communities they serve, Social Development and Employment Minister Louise Upston says. “I want to acknowledge and applaud New Zealand’s social workers for the hard work they do, providing invaluable support for our most vulnerable. “To coincide with World ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Minister confirms reduced RUC rate for PHEVs
    Cabinet has agreed to a reduced road user charge (RUC) rate for plug-in hybrid electric vehicles (PHEVs), Transport Minister Simeon Brown says. Owners of PHEVs will be eligible for a reduced rate of $38 per 1,000km once all light electric vehicles (EVs) move into the RUC system from 1 April.  ...
    BeehiveBy beehive.govt.nz
    6 hours ago
  • Trade access to overseas markets creates jobs
    Minister of Agriculture and Trade, Todd McClay, says that today’s opening of Riverland Foods manufacturing plant in Christchurch is a great example of how trade access to overseas markets creates jobs in New Zealand.  Speaking at the official opening of this state-of-the-art pet food factory the Minister noted that exports ...
    BeehiveBy beehive.govt.nz
    6 hours ago
  • NZ and Chinese Foreign Ministers hold official talks
    Minister of Foreign Affairs Winston Peters met with Chinese Foreign Minister Wang Yi in Wellington today. “It was a pleasure to host Foreign Minister Wang Yi during his first official visit to New Zealand since 2017. Our discussions were wide-ranging and enabled engagement on many facets of New Zealand’s relationship with China, including trade, ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • Kāinga Ora instructed to end Sustaining Tenancies
    Kāinga Ora – Homes & Communities has been instructed to end the Sustaining Tenancies Framework and take stronger measures against persistent antisocial behaviour by tenants, says Housing Minister Chris Bishop. “Earlier today Finance Minister Nicola Willis and I sent an interim Letter of Expectations to the Board of Kāinga Ora. ...
    BeehiveBy beehive.govt.nz
    24 hours ago
  • Speech to Auckland Business Chamber: Growth is the answer
    Tēna koutou katoa. Greetings everyone. Thank you to the Auckland Chamber of Commerce and the Honourable Simon Bridges for hosting this address today. I acknowledge the business leaders in this room, the leaders and governors, the employers, the entrepreneurs, the investors, and the wealth creators. The coalition Government shares your ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Singapore rounds out regional trip
    Minister Winston Peters completed the final leg of his visit to South and South East Asia in Singapore today, where he focused on enhancing one of New Zealand’s indispensable strategic partnerships.      “Singapore is our most important defence partner in South East Asia, our fourth-largest trading partner and a ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Minister van Velden represents New Zealand at International Democracy Summit
    Minister of Internal Affairs and Workplace Relations and Safety, Hon. Brooke van Velden, will travel to the Republic of Korea to represent New Zealand at the Third Summit for Democracy on 18 March. The summit, hosted by the Republic of Korea, was first convened by the United States in 2021, ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Insurance Council of NZ Speech, 7 March 2024, Auckland
    ICNZ Speech 7 March 2024, Auckland  Acknowledgements and opening  Mōrena, ngā mihi nui. Ko Andrew Bayly aho, Nor Whanganui aho.  Good morning, it’s a privilege to be here to open the ICNZ annual conference, thank you to Mark for the Mihi Whakatau  My thanks to Tim Grafton for inviting me ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Five-year anniversary of Christchurch terror attacks
    Prime Minister Christopher Luxon and Lead Coordination Minister Judith Collins have expressed their deepest sympathy on the five-year anniversary of the Christchurch terror attacks. “March 15, 2019, was a day when families, communities and the country came together both in sorrow and solidarity,” Mr Luxon says.  “Today we pay our respects to the 51 shuhada ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Speech for Financial Advice NZ Conference 5 March 2024
    Speech for Financial Advice NZ Conference 5 March 2024  Acknowledgements and opening  Morena, Nga Mihi Nui.  Ko Andrew Bayly aho, Nor Whanganui aho. Thanks Nate for your Mihi Whakatau  Good morning. It’s a pleasure to formally open your conference this morning. What a lovely day in Wellington, What a great ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Early visit to Indonesia strengthens ties
    Foreign Minister Winston Peters held discussions in Jakarta today about the future of relations between New Zealand and South East Asia’s most populous country.   “We are in Jakarta so early in our new government’s term to reflect the huge importance we place on our relationship with Indonesia and South ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • China Foreign Minister to visit
    Deputy Prime Minister and Minister of Foreign Affairs Winston Peters has announced that the Foreign Minister of China, Wang Yi, will visit New Zealand next week.  “We look forward to re-engaging with Foreign Minister Wang Yi and discussing the full breadth of the bilateral relationship, which is one of New Zealand’s ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Minister opens new Auckland Rail Operations Centre
    Transport Minister Simeon Brown has today opened the new Auckland Rail Operations Centre, which will bring together KiwiRail, Auckland Transport, and Auckland One Rail to improve service reliability for Aucklanders. “The recent train disruptions in Auckland have highlighted how important it is KiwiRail and Auckland’s rail agencies work together to ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Celebrating 10 years of Crankworx Rotorua
    The Government is proud to support the 10th edition of Crankworx Rotorua as the Crankworx World Tour returns to Rotorua from 16-24 March 2024, says Minister for Economic Development Melissa Lee.  “Over the past 10 years as Crankworx Rotorua has grown, so too have the economic and social benefits that ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government delivering on tax commitments
    Legislation implementing coalition Government tax commitments and addressing long-standing tax anomalies will be progressed in Parliament next week, Finance Minister Nicola Willis says. The legislation is contained in an Amendment Paper to the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill issued today.  “The Amendment Paper represents ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Significant Natural Areas requirement to be suspended
    Associate Environment Minister Andrew Hoggard has today announced that the Government has agreed to suspend the requirement for councils to comply with the Significant Natural Areas (SNA) provisions of the National Policy Statement for Indigenous Biodiversity for three years, while it replaces the Resource Management Act (RMA).“As it stands, SNAs ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government classifies drought conditions in Top of the South as medium-scale adverse event
    Agriculture Minister Todd McClay has classified the drought conditions in the Marlborough, Tasman, and Nelson districts as a medium-scale adverse event, acknowledging the challenging conditions facing farmers and growers in the district. “Parts of Marlborough, Tasman, and Nelson districts are in the grip of an intense dry spell. I know ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government partnership to tackle $332m facial eczema problem
    The Government is helping farmers eradicate the significant impact of facial eczema (FE) in pastoral animals, Agriculture Minister Todd McClay announced.  “A $20 million partnership jointly funded by Beef + Lamb NZ, the Government, and the primary sector will save farmers an estimated NZD$332 million per year, and aims to ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • NZ, India chart path to enhanced relationship
    Foreign Minister Winston Peters has completed a successful visit to India, saying it was an important step in taking the relationship between the two countries to the next level.   “We have laid a strong foundation for the Coalition Government’s priority of enhancing New Zealand-India relations to generate significant future benefit for both countries,” says Mr Peters, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Ruapehu Alpine Lifts bailout the last, say Ministers
    Cabinet has agreed to provide $7 million to ensure the 2024 ski season can go ahead on the Whakapapa ski field in the central North Island but has told the operator Ruapehu Alpine Lifts it is the last financial support it will receive from taxpayers. Cabinet also agreed to provide ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Govt takes action to drive better cancer services
    Health Minister Dr Shane Reti says the launch of a new mobile breast screening unit in Counties Manukau reinforces the coalition Government’s commitment to drive better cancer services for all New Zealanders. Speaking at the launch of the new mobile clinic, Dr Reti says it’s a great example of taking ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Govt takes action to drive better cancer services
    Health Minister Dr Shane Reti says the launch of a new mobile breast screening unit in Counties Manukau reinforces the coalition Government’s commitment to drive better cancer services for all New Zealanders. Speaking at the launch of the new mobile clinic, Dr Reti says it’s a great example of taking ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Work begins on SH29 upgrades near Tauriko
    Unlocking economic growth and land for housing are critical elements of the Government’s plan for our transport network, and planned upgrades to State Highway 29 (SH29) near Tauriko will deliver strongly on those priorities, Transport Minister Simeon Brown says. “The SH29 upgrades near Tauriko will improve safety at the intersections ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Work begins on SH29 upgrades near Tauriko
    Unlocking economic growth and land for housing are critical elements of the Government’s plan for our transport network, and planned upgrades to State Highway 29 (SH29) near Tauriko will deliver strongly on those priorities, Transport Minister Simeon Brown says. “The SH29 upgrades near Tauriko will improve safety at the intersections ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Fresh produce price drop welcome
    Lower fruit and vegetable prices are welcome news for New Zealanders who have been doing it tough at the supermarket, Finance Minister Nicola Willis says. Stats NZ reported today the price of fruit and vegetables has dropped 9.3 percent in the 12 months to February 2024.  “Lower fruit and vege ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Statement to the 68th United Nations Commission on the Status of Women
    Tēnā koutou katoa and greetings to you all.  Chair, I am honoured to address the sixty-eighth session of the Commission on the Status of Women. I acknowledge the many crises impacting the rights of women and girls. Heightened global tensions, war, climate related and humanitarian disasters, and price inflation all ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to the 68th United Nations Commission on the Status of Women (CSW68)
    Tēnā koutou katoa and greetings to you all.  Chair, I am honoured to address the 68th session of the Commission on the Status of Women. I acknowledge the many crises impacting the rights of women and girls. Heightened global tensions, war, climate related and humanitarian disasters, and price inflation all ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government backs rural led catchment projects
    The coalition Government is supporting farmers to enhance land management practices by investing $3.3 million in locally led catchment groups, Agriculture Minister Todd McClay announced. “Farmers and growers deliver significant prosperity for New Zealand and it’s vital their ongoing efforts to improve land management practices and water quality are supported,” ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to Auckland Business Chamber
    Good evening everyone and thank you for that lovely introduction.   Thank you also to the Honourable Simon Bridges for the invitation to address your members. Since being sworn in, this coalition Government has hit the ground running with our 100-day plan, delivering the changes that New Zealanders expect of us. ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Commission’s advice on ETS settings tabled
    Recommendations from the Climate Change Commission for New Zealand on the Emissions Trading Scheme (ETS) auction and unit limit settings for the next five years have been tabled in Parliament, Climate Change Minister Simon Watts says. “The Commission provides advice on the ETS annually. This is the third time the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government lowering building costs
    The coalition Government is beginning its fight to lower building costs and reduce red tape by exempting minor building work from paying the building levy, says Building and Construction Minister Chris Penk. “Currently, any building project worth $20,444 including GST or more is subject to the building levy which is ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Trustee tax change welcomed
    Proposed changes to tax legislation to prevent the over-taxation of low-earning trusts are welcome, Finance Minister Nicola Willis says. The changes have been recommended by Parliament’s Finance and Expenditure Committee following consideration of submissions on the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill. “One of the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister’s Ramadan message
    Assalaamu alaikum. السَّلَام عليكم In light of the holy month of Ramadan, I want to extend my warmest wishes to our Muslim community in New Zealand. Ramadan is a time for spiritual reflection, renewed devotion, perseverance, generosity, and forgiveness.  It’s a time to strengthen our bonds and appreciate the diversity ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister appoints new NZTA Chair
    Former Transport Minister and CEO of the Auckland Business Chamber Hon Simon Bridges has been appointed as the new Board Chair of the New Zealand Transport Agency (NZTA) for a three-year term, Transport Minister Simeon Brown announced today. “Simon brings extensive experience and knowledge in transport policy and governance to the role. He will ...
    BeehiveBy beehive.govt.nz
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  • Speech to Life Sciences Summit
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