Daily review 17/11/2022
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5:30 pm, November 17th, 2022 - 22 comments
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- 2024 SkS Weekly Climate Change & Global Warming News Roundup #51
A listing of 25 news and opinion articles we found interesting and shared on social media during the past week: Sun, December 15, 2024 thru Sat, December 21, 2024. Based on feedback we received, this week's roundup is the first one published soleley by category. We are still interested in ...5 hours ago - Dance Magic
Well, I've been there, sitting in that same chairWhispering that same prayer half a million timesIt's a lie, though buried in disciplesOne page of the Bible isn't worth a lifeThere's nothing wrong with youIt's true, it's trueThere's something wrong with the villageWith the villageSomething wrong with the villageSongwriters: Andrew Jackson ...17 hours ago - Government Forces Universities to Enforce “Free Speech” While Limiting Universities̵...
ACT would like to dictate what universities can and can’t say. We knew it was coming. It was outlined in the coalition agreement and has become part of Seymour’s strategy of “emphasising public funding” to prevent people from opposing him and his views—something he also uses to try and de-platform ...17 hours ago - Fact brief – Are we heading into an ‘ice age’?
Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by Sue Bin Park from the Gigafact team in collaboration with members from our team. You can submit claims you think need checking via the tipline. Are we heading ...1 day ago
- As Our Power Lessens: Published
So the Solstice has arrived – Summer in this part of the world, Winter for the Northern Hemisphere. And with it, the publication my new Norse dark-fantasy piece, As Our Power Lessens at Eternal Haunted Summer: https://eternalhauntedsummer.com/issues/winter-solstice-2024/as-our-power-lessens/ As previously noted, this one is very ‘wyrd’, and Northern Theory of Courage. ...1 day ago - By Any Other Name.
The Natural Choice: As a starter for ten percent of the Party Vote, “saving the planet” is a very respectable objective. Young voters, in particular, raised on the dire (if unheeded) warnings of climate scientists, and the irrefutable evidence of devastating weather events linked to global warming, vote Green. After ...2 days ago - Bernard’s last Saturday Soliloquy for 2024
The Government cancelled 60% of Kāinga Ora’s new builds next year, even though the land for them was already bought, the consents were consented and there are builders unemployed all over the place. Photo: Lynn Grieveson / The KākāMōrena. Long stories short, the six things that mattered in Aotearoa’s political ...2 days ago - Bernard’s Picks ‘n’ Mixes for Saturday, December 21
Photo by CHUTTERSNAP on UnsplashEvery morning I get up at 3am to go around the traps of news sites in Aotearoa and globally. I pick out the top ones from my point of view and have been putting them into my Dawn Chorus email, which goes out with a podcast. ...2 days ago - 2024 OIA stats
Over on Kikorangi Newsroom's Marc Daalder has published his annual OIA stats. So I thought I'd do mine: 82 OIA requests sent in 2024 7 posts based on those requests 20 average working days to receive a response Ministry of Justice was my most-requested entity, ...2 days ago - Climate Change: A perverse incentive
The government published its first Biennial Transparency Report under the Paris Agreement yesterday, and the media has correctly noted that it is missing any plan to actually meet our target. While it hypes domestic emissions reductions so far - which have been good, but will likely get worse thanks to ...3 days ago
- Economic Bulletin December 2024
Welcome to the December 2024 Economic Bulletin. We have two monthly features in this edition. In the first, we discuss what the Half Year Economic and Fiscal Update from Treasury and the Budget Policy Statement from the Minister of Finance tell us about the fiscal position and what to ...3 days ago - NZCTU make submission in opposition to Treaty Principles Bill
The NZCTU Te Kauae Kaimahi have submitted against the controversial Treaty Principles Bill, slamming the Bill as a breach of Te Tiriti o Waitangi and an attack on tino rangatiratanga and the collective rights of Tangata Whenua. “This Bill seeks to legislate for Te Tiriti o Waitangi principles that are ...3 days ago
- ZB’s Power Couple
I don't knowHow to say what's got to be saidI don't know if it's black or whiteThere's others see it redI don't get the answers rightI'll leave that to youIs this love out of fashionOr is it the time of yearAre these words distraction?To the words you want to hearSongwriters: ...3 days ago - Austerity thumps GDP most since 1991
Our economy has experienced its worst recession since 1991. Photo: Lynn Grieveson / The KākāMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Friday, December 20 in The Kākā’s Dawn Chorus podcast above and the daily Pick ‘n’ Mix below ...3 days ago
- Weekly Roundup 20-December-2024
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The podcast above of the weekly ‘Hoon’ webinar for paying subscribers on Thursday night features co-hosts & talking about the year’s news with: on climate. Her book of the year was Tim Winton’s cli-fi novel Juice and she also mentioned Mike Joy’s memoir The Fight for Fresh Water. ...3 days ago
- The baby-boomers’ last gasp
The Government can head off to the holidays, entitled to assure itself that it has done more or less what it said it would do. The campaign last year promised to “get New Zealand back on track.” When you look at the basic promises—to trim back Government expenditure, toughen up ...3 days ago - Skeptical Science New Research for Week #51 2024
Open access notables An intensification of surface Earth’s energy imbalance since the late 20th century, Li et al., Communications Earth & Environment: Tracking the energy balance of the Earth system is a key method for studying the contribution of human activities to climate change. However, accurately estimating the surface energy balance ...3 days ago
- Join us at 5pm for 2024’s last Hoon
Photo by Mauricio Fanfa on UnsplashKia oraCome and join us for our weekly ‘Hoon’ webinar with paying subscribers to The Kākā for an hour at 5 pm today.Jump on this link on YouTube Livestream for our chat about the week’s news with myself , plus regular guests and , ...3 days ago - Christmas Gifts: Ageing Boomers, Laurie & Les, Talk Politics.
“Like you said, I’m an unreconstructed socialist. Everybody deserves to get something for Christmas.”“ONE OF THOSE had better be for me!” Hannah grinned, fascinated, as Laurie made his way, gingerly, to the bar, his arms full of gift-wrapped packages.“Of course!”, beamed Laurie. Depositing his armful on the bar-top and selecting ...4 days ago
- GDP Figures No Christmas Present for New Zealand
Data released by Statistics New Zealand today showed a significant slowdown in the economy over the past six months, with GDP falling by 1% in September, and 1.1% in June said CTU Economist Craig Renney. “The data shows that the size of the economy in GDP terms is now smaller ...4 days ago
- Cheeseburgers and Stunt Monkeys
One last thing before I quitI never wanted any moreThan I could fit into my headI still remember every single word you saidAnd all the shit that somehow came along with itStill, there's one thing that comforts meSince I was always caged and now I'm freeSongwriters: David Grohl / Georg ...4 days ago - MSD rejecting 220 pleas for food grants each day
Sparse offerings outside a Te Kauwhata church. Meanwhile, the Government is cutting spending in ways that make thousands of hungry children even hungrier, while also cutting funding for the charities that help them. It’s also doing that while winding back new building of affordable housing that would allow parents to ...4 days ago
- The Wing Parties’ Economic Policies.
It is difficult to make sense of the Luxon Coalition Government’s economic management.This end-of-year review about the state of economic management – the state of the economy was last week – is not going to cover the National Party contribution. Frankly, like every other careful observer, I cannot make up ...4 days ago - Back on Track
This morning I awoke to the lovely news that we are firmly back on track, that is if the scale was reversed.NZ ranks low in global economic comparisonsNew Zealand's economy has been ranked 33rd out of 37 in an international comparison of which have done best in 2024.Economies were ranked ...4 days ago - Book Review: How Big Things Get Done
This is a guest post by George Weeks, reviewing a book called How Big Things Get Done by Bent Flyvbjerg and Dan Gardner Want to know how to do something big? Ask someone who has done it before! Professor Bent Flyvbjerg has spent his career studying megaprojects. In 2023, ...4 days ago
- Gordon Campbell On Why We Can’t Survive Two More Years Of This
Remember those silent movies where the heroine is tied to the railway tracks or going over the waterfall in a barrel? Finance Minister Nicola Willis seems intent on portraying herself as that damsel in distress. According to Willis, this country’s current economic problems have all been caused by the spending ...4 days ago - Dragging our way towards the finish line, the end of this year can’t come soon enough for many…
Similar to the cuts and the austerity drive imposed by Ruth Richardson in the 1990’s, an era which to all intents and purposes we’ve largely fiddled around the edges with fixing in the time since – over, to be fair, several administrations – whilst trying our best it seems to ...4 days ago - Handling Democracy.
String-Pulling in the Dark: For the democratic process to be meaningful it must also be public. WITH TRUST AND CONFIDENCE in New Zealand’s politicians and journalists steadily declining, restoring those virtues poses a daunting challenge. Just how daunting is made clear by comparing the way politicians and journalists treated New Zealanders ...4 days ago
- Open letter to the Minister of Dwindling Finances
Dear Nicola Willis, thank you for letting us know in so many words that the swingeing austerity hasn't worked.By in so many words I mean the bit where you said, Here is a sea of red ink in which we are drowning after twelve months of savage cost cutting and ...4 days ago - Open Government: The joke ends
The Open Government Partnership is a multilateral organisation committed to advancing open government. Countries which join are supposed to co-create regular action plans with civil society, committing to making verifiable improvements in transparency, accountability, participation, or technology and innovation for the above. And they're held to account through an Independent ...4 days ago
- An unusual sort of press conference
Today I tuned into something strange: a press conference that didn’t make my stomach churn or the hairs on the back of my neck stand on end. Which was strange, because it was about the torture of children. It was the announcement by Erica Stanford — on her own, unusually ...4 days ago - This substack has talked about this government’s seeming corruption & pro-corporate issues...
This is a must watch, and puts on brilliant and practical display the implications and mechanics of fast-track law corruption and weakness.CLICK HERE: LINK TO WATCH VIDEOOur news media as it is set up is simply not equipped to deal with the brazen disinformation and corruption under this right wing ...4 days ago - NZCTU: Minister needs to listen to the evidence on engineered stone ban
NZCTU Te Kauae Kaimahi Acting Secretary Erin Polaczuk is welcoming the announcement from Minister of Workplace Relations and Safety Brooke van Velden that she is opening consultation on engineered stone and is calling on her to listen to the evidence and implement a total ban of the product. “We need ...5 days ago
- Wednesday 18 December
The Government has announced a 1.5% increase in the minimum wage from 1 April 2025, well below forecast inflation of 2.5%. Unions have reacted strongly and denounced it as a real terms cut. PSA and the CTU are opposing a new round of staff cuts at WorkSafe, which they say ...5 days ago
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The decision to unilaterally repudiate the contract for new Cook Strait ferries is beginning to look like one of the stupidest decisions a New Zealand government ever made. While cancelling the ferries and their associated port infrastructure may have made this year's books look good, it means higher costs later, ...5 days ago
- Notes from Afar: Will Luxon Attend Waitangi Day? And Opposition Calls Out Nicola Willis for “C...
Hi there! I’ve been overseas recently, looking after a situation with a family member. So apologies if there any less than focused posts! Vanuatu has just had a significant 7.3 earthquake. Two MFAT staff are unaccounted for with local fatalities.It’s always sad to hear of such things happening.I think of ...5 days ago - Member’s morning
Today is a special member's morning, scheduled to make up for the government's theft of member's days throughout the year. First up was the first reading of Greg Fleming's Crimes (Increased Penalties for Slavery Offences) Amendment Bill, which was passed unanimously. Currently the House is debating the third reading of ...5 days ago
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We're going backwardsIgnoring the realitiesGoing backwardsAre you counting all the casualties?We are not there yetWhere we need to beWe are still in debtTo our insanitiesSongwriter: Martin Gore Read more ...5 days ago - Blaming Treasury & Labour, Willis looks for even more Austerity
Willis blamed Treasury for changing its productivity assumptions and Labour’s spending increases since Covid for the worsening Budget outlook. Photo: Getty ImagesMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Wednesday, December 18 in The Kākā’s Dawn Chorus podcast above ...5 days ago
- December-24 AT Board Meeting
Today the Auckland Transport board meet for the last time this year. For those interested (and with time to spare), you can follow along via this MS Teams link from 10am. I’ve taken a quick look through the agenda items to see what I think the most interesting aspects are. ...5 days ago
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Hi,If you’re a New Zealander — you know who Mike King is. He is the face of New Zealand’s battle against mental health problems. He can be loud and brash. He raises, and is entrusted with, a lot of cash. Last year his “I Am Hope” charity reported a revenue ...5 days ago - It could have been worse
Probably about the only consolation available from yesterday’s unveiling of the Half-Yearly Economic and Fiscal Update (HYEFU) is that it could have been worse. Though Finance Minister Nicola Willis has tightened the screws on future government spending, she has resisted the calls from hard-line academics, fiscal purists and fiscal hawks ...5 days ago
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The right have a stupid saying that is only occasionally true:When is democracy not democracy? When it hasn’t been voted on.While not true in regards to branches of government such as the judiciary, it’s a philosophy that probably should apply to recently-elected local government councillors. Nevertheless, this concept seemed to ...5 days ago - Willis’ austerity strategy just isn’t working
Long story short: the Government’s austerity policy has driven the economy into a deeper and longer recession that means it will have to borrow $20 billion more over the next four years than it expected just six months ago. Treasury’s latest forecasts show the National-ACT-NZ First Government’s fiscal strategy of ...5 days ago
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On November 1, 2024 we announced the publication of 33 rebuttals based on the report "Rebutting 33 False Claims About Solar, Wind, and Electric Vehicles" written by Matthew Eisenson, Jacob Elkin, Andy Fitch, Matthew Ard, Kaya Sittinger & Samuel Lavine and published by the Sabin Center for Climate Change Law at Columbia ...5 days ago
- Join us for a pop-up Hoon at 5pm on HYEFU
5 days ago - ‘Ideas Worth Saving’: A Call for Papers
Some years ago, I found myself pondering the power of literature to endure. Or at least the power of some of it to endure, while the rest vanishes in mere decades: https://phuulishfellow.wordpress.com/2019/08/07/look-on-my-works-ye-mighty-and-despair-the-literary-future/. I have similarly had fun with the subject in some of my short stories, such as Another Alexandria ...5 days ago - Corrections is torturing prisoners again
In 1998, in the wake of the Paremoremo Prison riot, the Department of Corrections established the "Behaviour Management Regime". Prisoners were locked in their cells for 22 or 23 hours a day, with no fresh air, no exercise, no social contact, no entertainment, and in some cases no clothes and ...5 days ago
- HYEFU and BPS data shows New Zealand is way off track
New data released by the Treasury shows that the economic policies of this Government have made things worse in the year since they took office, said NZCTU Economist Craig Renney. “Our fiscal indicators are all heading in the wrong direction – with higher levels of debt, a higher deficit, and ...6 days ago
- “Better economic management”
At the 2023 election, National basically ran on a platform of being better economic managers. So how'd that turn out for us? In just one year, they've fucked us for two full political terms: The government's books are set to remain deeply in the red for the near term ...6 days ago
- Shameless, clueless
AUSTERITYText within this block will maintain its original spacing when publishedMy spreadsheet insists This pain leads straight to glory (File not found) Read more ...6 days ago - Minimum wage ‘increase’ is an effective cut
The NZCTU Te Kauae Kaimahi are saying that the Government should do the right thing and deliver minimum wage increases that don’t see workers fall further behind, in response to today’s announcement that the minimum wage will only be increased by 1.5%, well short of forecast inflation. “With inflation forecast ...6 days ago
- Crazy ’bout a Sharp-dressed Man
Oh, I weptFor daysFilled my eyesWith silly tearsOh, yeaBut I don'tCare no moreI don't care ifMy eyes get soreSongwriters: Paul Rodgers / Paul Kossoff. Read more ...6 days ago - How much should you worry about a collapse of the Atlantic conveyor belt?
This is a re-post from Yale Climate Connections by Bob Henson In this aerial view, fingers of meltwater flow from the melting Isunnguata Sermia glacier descending from the Greenland Ice Sheet on July 11, 2024, near Kangerlussuaq, Greenland. According to the Programme for Monitoring of the Greenland Ice Sheet (PROMICE), the ...6 days ago
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In August, I wrote an article about David Seymour1 with a video of his testimony, to warn that there were grave dangers to his Ministry of Regulation:David Seymour's Ministry of Slush Hides Far Greater RisksWhy Seymour's exorbitant waste of taxpayers' money could be the least of concernThe money for Seymour ...6 days ago - When austerity worsens public debt & cuts GDP
Willis is expected to have to reveal the bitter fiscal fruits of her austerity strategy in the HYEFU later today. Photo: Lynn Grieveson/TheKakaMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Tuesday, December 17 in The Kākā’s Dawn Chorus podcast ...6 days ago
- Govt to double number of toll roads
On Friday the government announced it would double the number of toll roads in New Zealand as well as make a few other changes to how toll roads are used in the country. The real issue though is not that tolling is being used but the suggestion it will make ...6 days ago
- Luxon’s pre-emptive strike
The Prime Minister yesterday engaged in what looked like a pre-emptive strike designed to counter what is likely to be a series of depressing economic statistics expected before the end of the week. He opened his weekly post-Cabinet press conference with a recitation of the Government’s achievements. “It certainly has ...6 days ago
- Gordon Campbell On The Coalition’s Empty Gestures, And Abortion Refusal As The New Slavery
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- More public service contempt of parliament
Back in 2023 the New Zealand Council for Civil Liberties raised concerns about the inherent conflict of interest involved in public service agencies supporting parliamentary select committees. Our parliament is run on a shoestring, so depends on the public service for advice. But public service agencies work for Ministers, not ...6 days ago
- If There Is A God
And if there is a GodI know he likes to rockHe likes his loud guitarsHis spiders from MarsAnd if there is a GodI know he's watching meHe likes what he seesBut there's trouble on the breezeSongwriter: William Patrick Corgan Read more ...7 days ago - A Lipstick Government
Here’s a quick round up of today’s political news:1. MORE FOOD BANKS, CHARITIES, DOMESTIC VIOLENCE SHELTERS AND YOUTH SOCIAL SERVICES SET TO CLOSE OR SCALE BACK AROUND THE COUNTRY AS GOVT CUTS FUNDINGSome of Auckland's largest foodbanks are warning they may need to close or significantly reduce food parcels after ...7 days ago - NZCTU open letter to Treasury on undue restrictions on restricted briefings
Iain Rennie, CNZMSecretary and Chief Executive to the TreasuryDear Secretary, Undue restrictions on restricted briefings This week, the Treasury barred representatives from four organisations, including the New Zealand Council of Trade Unions Te Kauae Kaimahi, from attending the restricted briefing for the Half-Year Economic and Fiscal Update. We had been ...7 days ago
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- Coalition forced to back down on tolling Pahiatua track
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- Thank You
Hi all,I'm pretty overwhelmed by all your messages and emails today; thank you so very much.As much as my newsletter this morning was about money, and we all need to earn money, it was mostly about world domination if I'm honest. 😉I really hate what’s happening to our country, and ...1 week ago - 2024 SkS Weekly Climate Change & Global Warming News Roundup #50
A listing of 23 news and opinion articles we found interesting and shared on social media during the past week: Sun, December 8, 2024 thru Sat, December 14, 2024. Listing by Category Like last week's summary this one contains the list of articles twice: based on categories and based on ...1 week ago
- Making Gravy
I started writing this morning about Hobson’s Pledge, examining the claims they and their supporters make, basically ripping into them. But I kept getting notifications coming through, and not good ones.Each time I looked up, there was another un-subscription message, and I felt a bit sicker at the thought of ...1 week ago - Nothing here but the shadows
Once, long before there was Harry and Meghan and Dodi and all those episodes of The Crown, they came to spend some time with us, Charles and Diana. Was there anyone in the world more glamorous than the Princess of Wales?Dazzled as everyone was by their company, the leader of ...1 week ago - The United Right: the FSU’s Continued Efforts to Undermine Academia
The collective right have a problem.The entire foundation for their world view is antiscientific. Their preferred economic strategies have been disproven. Their whole neoliberal model faces accusations of corporate corruption and worsening inequality. Climate change not only definitely exists, its rapid progression demands an immediate and expensive response in order ...1 week ago
- Showing the Americans how to do it
Just ten days ago, South Korea's president attempted a self-coup, declaring martial law and attempting to have opposition MPs murdered or arrested in an effort to seize unconstrained power. The attempt was rapidly defeated by the national assembly voting it down and the people flooding the streets to defend democracy. ...1 week ago
- 2 Men, 1 Haircut
Hi,“What I love about New Zealanders is that sometimes you use these expressions that as Americans we have no idea what those things mean!"I am watching a 30-something year old American ramble on about how different New Zealanders are to Americans. It’s his podcast, and this man is doing a ...1 week ago - Chris Penk’s Hate Parade
What Chris Penk has granted holocaust-denier and equal-opportunity-bigot Candace Owens is not “freedom of speech”. It’s not even really freedom of movement, though that technically is the right she has been granted. What he has given her is permission to perform. Freedom of SpeechIn New Zealand, the right to freedom ...1 week ago - Tell me a story
All those tears on your cheeksJust like deja vu flow nowWhen grandmother speaksSo tell me a story (I'll tell you a story)Spell it out, I can't hear (What do you want to hear?)Why you wear black in the morning?Why there's smoke in the air? Songwriter: Greg Johnson.Mōrena all ☀️Something a ...1 week ago
- National’s Greatest Misses 2023-4
National has only been in power for a year, but everywhere you look, its choices are taking New Zealand a long way backwards. In no particular order, here are the National Government's Top 50 Greatest Misses of its first year in power. ...2 days ago - Release: Minister’s plan for tertiary sector a backwards step
Returning to the model that was failing for most polytechnics and Institutes of Technology is not the answer. ...3 days ago
- Release: National buries 1019 planned homes
It’s been revealed that National has cancelled 60 percent of its housing projects planned before mid-2025 amidst housing woes. ...3 days ago
- Release: Rule-Czar bill a right-wing power grab
The Government is quietly undertaking consultation on the dangerous Regulatory Standards Bill over the Christmas period to avoid too much attention. ...3 days ago
- Release: Why not both? Luxon shuns Waitangi celebrations
Prime Minister Christopher Luxon is running away from problems of his own creation, with his decision not to go to Waitangi. ...3 days ago
- Govt’s ‘free speech’ legislation stokes fear, not freedom
The Government’s planned changes to the freedom of speech obligations of universities is little more than a front for stoking the political fires of disinformation and fear, placing teachers and students in the crosshairs. ...4 days ago - Release: Nicola Willis spirals country deeper into recession
The economy shrank 1% this quarter and New Zealand has tumbled into the depths of a recession of Nicola Willis’ making. ...4 days ago
- Release: Hikes for company directors but not ordinary Kiwis
Working people are going backwards while company directors are being given huge pay hikes. ...5 days ago
- ECE no place to cut corners
The Ministry of Regulation’s report into Early Childhood Education (ECE) in Aotearoa raises serious concerns about the possibility of lowering qualification requirements, undermining quality and risking worse outcomes for tamariki, whānau, and kaiako. ...5 days ago
- Release: Strengthening Justice Services for New Zealanders
A Bill to modernise the role of Justices of the Peace (JP), ensuring they remain active in their communities and connected with other JPs, has been put into the ballot. ...5 days ago
- Release: Labour will continue fight against destructive projects
Labour will continue to fight unsustainable and destructive projects that are able to leap-frog environment protection under National’s Fast-track Approvals Bill. ...5 days ago
- Green Government will revoke dodgy fast-track projects
The Green Party has warned that a Green Government will revoke the consents of companies who override environmental protections as part of Fast-Track legislation being passed today. ...5 days ago
- Government for the wealthy keeps pushing austerity
The Green Party says the Half Year Economic and Fiscal Update shows how the Government is failing to address the massive social and infrastructure deficits our country faces. ...5 days ago
- Release: Visa changes let migrant workers be paid less
The Government’s latest move to reduce the earnings of migrant workers will not only hurt migrants but it will drive down the wages of Kiwi workers. ...5 days ago
- Release: Nightmare before Christmas for Nicola Willis
With more debt and a larger deficit, Nicola Willis’ reputation is in tatters after her failure to return the Government’s books to surplus. ...6 days ago
- Warning to Fast-Track Applicants – ‘Exploit the Whenua, Face the Consequences’
Te Pāti Māori has this morning issued a stern warning to Fast-Track applicants with interests in mining, pledging to hold them accountable through retrospective liability and to immediately revoke Fast-Track consents under a future Te Pāti Māori government. This warning comes ahead of today’s third reading of the Fast-Track Approvals ...6 days ago
- Release: Govt cuts wages for lowest paid NZers… again
For the second year running, the government has effectively cut wages for the lowest paid workers in New Zealand. ...6 days ago
- Govt’s miserly 1.5% minimum wage will take workers backwards
The Government’s announcement today of a 1.5 per cent increase to minimum wage is another blow for workers, with inflation projected to exceed the increase, meaning it’s a real terms pay reduction for many. ...6 days ago
- Release: Govt shirking responsibility for rate hikes
All the Government has achieved from its announcement today is to continue to push responsibility back on councils for its own lack of action to help bring down skyrocketing rates. ...6 days ago
- Luxon’s ‘localism’ strikes again
The Government has used its final post-Cabinet press conference of the year to punch down on local government without offering any credible solutions to the issues our councils are facing. ...6 days ago
- Release: Govt breaks promise on EV chargers
The Government has failed to keep its promise to ‘super charge’ the EV network, delivering just 292 chargers - less than half of the 670 chargers needed to meet its target. ...7 days ago
- Greens call for end to subsidies for Methanex
The Green Party is calling for the Government to stop subsidising the largest user of the country’s gas supplies, Methanex, following a report highlighting the multi-national’s disproportionate influence on energy prices in Aotearoa. ...7 days ago
- Govt child poverty targets allow for increase in poverty
The Green Party is appalled with the Government’s new child poverty targets that are based on a new ‘persistent poverty’ measure that could be met even with an increase in child poverty. ...1 week ago
- Release: Four weeks annual leave under threat
The Government’s attack on workers continues with news it is scrapping work on the Holidays Act. ...1 week ago
- Govt’s emissions plan for measly 1% reduction
New independent analysis has revealed that the Government’s Emissions Reduction Plan (ERP) will reduce emissions by a measly 1 per cent by 2030, failing to set us up for the future and meeting upcoming targets. ...1 week ago
- Greens stand in solidarity with Whakaata Māori on sad day
The loss of 27 kaimahi at Whakaata Māori and the end of its daily news bulletin is a sad day for Māori media and another step backwards for Te Tiriti o Waitangi justice. ...1 week ago
- Sanctions regime to create more hardship for families
Yesterday the Government passed cruel legislation through first reading to establish a new beneficiary sanction regime that will ultimately mean more households cannot afford the basic essentials. ...1 week ago
- Govt gifts renters housing anxiety for Christmas
Today's passing of the Government's Residential Tenancies Amendment Bill–which allows landlords to end tenancies with no reason–ignores the voice of the people and leaves renters in limbo ahead of the festive season. ...1 week ago
- Release: National Party urged to support modern slavery legislation
Labour is urging the Prime Minister to walk the talk and support legislation combating modern slavery. ...2 weeks ago
- Release: Labour has lost confidence in the Speaker
The Speaker of the New Zealand Parliament made an unprecedented decision on the government amendment to the Fast Track Approvals Bill last night. ...2 weeks ago
- One year on, still no progress on new ferries
Today’s announcement from the Government on its plan for new ferries throws more uncertainty on the future of the country’s rail network. ...2 weeks ago
- Release: Nicola Willis’ smaller ferries will cost more
After wasting a year, Nicola Willis has delivered a worse deal for the Cook Strait ferries that will end up being more expensive and take longer to arrive. ...2 weeks ago
- Bill to sanction unlawful occupation of Palestine
Green Party co-leader Chlöe Swarbrick has today launched a Member’s Bill to sanction Israel for its unlawful presence in the Occupied Palestinian Territory, as the All Out For Gaza rally reaches Parliament. ...2 weeks ago
- Release: Labour fully supports greyhound racing ban
The Government has done the right thing in moving to ban greyhound racing. ...2 weeks ago
- Greyhound racing industry ban marks new era for animal welfare
After years of advocacy, the Green Party is very happy to hear the Government has listened to our collective voices and announced the closure of the greyhound racing industry, by 1 August 2026. ...2 weeks ago
- Rangatahi voices must be centred in Government’s Relationship and Sexuality Education refresh
In response to a new report from ERO, the Government has acknowledged the urgent need for consistency across the curriculum for Relationship and Sexuality Education (RSE) in schools. ...2 weeks ago
- Govt introduces archaic anti-worker legislation
The Green Party is appalled at the Government introducing legislation that will make it easier to penalise workers fighting for better pay and conditions. ...2 weeks ago
- Winston Peters – Kinleith Mill Speech
Thank you for the invitation to speak with you tonight on behalf of the political party I belong to - which is New Zealand First. As we have heard before this evening the Kinleith Mill is proposing to reduce operations by focusing on pulp and discontinuing “lossmaking paper production”. They say that they are currently consulting on the plan to permanently shut ...2 weeks ago - Swarbrick calls on Auckland Mayor to end delay of revival of St James Theatre
Auckland Central MP, Chlöe Swarbrick, has written to Mayor Wayne Brown requesting he stop the unnecessary delays on St James Theatre’s restoration. ...2 weeks ago
- He Ara Anamata: Greens launch Emissions Reduction Plan
Today, the Green Party of Aotearoa proudly unveils its new Emissions Reduction Plan–He Ara Anamata–a blueprint reimagining our collective future. ...2 weeks ago
- Internationally-trained doctors jump at chance to boost health workforce
Health Minister Dr Shane Reti says Health New Zealand will move swiftly to support dozens of internationally-trained doctors already in New Zealand on their journey to employment here, after a tripling of sought-after examination places. “The Medical Council has delivered great news for hardworking overseas doctors who want to contribute ...17 hours ago - PM appoints business leader to APEC Business Advisory Council
Prime Minister Christopher Luxon has appointed Sarah Ottrey to the APEC Business Advisory Council (ABAC). “At my first APEC Summit in Lima, I experienced firsthand the role that ABAC plays in guaranteeing political leaders hear the voice of business,” Mr Luxon says. “New Zealand’s ABAC representatives are very well respected and ...3 days ago
- New intelligence oversight appointments
Prime Minister Christopher Luxon has announced four appointments to New Zealand’s intelligence oversight functions. The Honourable Robert Dobson KC has been appointed Chief Commissioner of Intelligence Warrants, and the Honourable Brendan Brown KC has been appointed as a Commissioner of Intelligence Warrants. The appointments of Hon Robert Dobson and Hon ...3 days ago
- New housing developments able to progress more quickly
Improvements in the average time it takes to process survey and title applications means housing developments can progress more quickly, Minister for Land Information Chris Penk says. “The government is resolutely focused on improving the building and construction pipeline,” Mr Penk says. “Applications to issue titles and subdivide land are ...3 days ago
- Actions to speed up air travel delivering results
The Government’s measures to reduce airport wait times, and better transparency around flight disruptions is delivering encouraging early results for passengers ahead of the busy summer period, Transport Minister Simeon Brown says. “Improving the efficiency of air travel is a priority for the Government to give passengers a smoother, more reliable ...3 days ago
- Ending contracted emergency housing in Rotorua
The Government today announced the intended closure of the Apollo Hotel as Contracted Emergency Housing (CEH) in Rotorua, Associate Housing Minister Tama Potaka says. This follows a 30 per cent reduction in the number of households in CEH in Rotorua since National came into Government. “Our focus is on ending CEH in the Whakarewarewa area starting ...3 days ago
- Vocational education and training decisions support return to regions
The Government will reshape vocational education and training to return decision making to regions and enable greater industry input into work-based learning Tertiary Education and Skills Minister, Penny Simmonds says. “The redesigned system will better meet the needs of learners, industry, and the economy. It includes re-establishing regional polytechnics that ...3 days ago
- Reducing the environmental impact of synthetic refrigerants
The Government is taking action to better manage synthetic refrigerants and reduce emissions caused by greenhouse gases found in heating and cooling products, Environment Minister Penny Simmonds says. “Regulations will be drafted to support a product stewardship scheme for synthetic refrigerants, Ms. Simmonds says. “Synthetic refrigerants are found in a ...3 days ago
- Ngāruawāhia section of Waikato Expressway back to 4 lanes for Christmas
People travelling on State Highway 1 north of Hamilton will be relieved that remedial works and safety improvements on the Ngāruawāhia section of the Waikato Expressway were finished today, with all lanes now open to traffic, Transport Minister Simeon Brown says.“I would like to acknowledge the patience of road users ...3 days ago
- Appointments to the ENZ board
Tertiary Education and Skills Minister, Penny Simmonds, has announced a new appointment to the board of Education New Zealand (ENZ). Dr Erik Lithander has been appointed as a new member of the ENZ board for a three-year term until 30 January 2028. “I would like to welcome Dr Erik Lithander to the ...4 days ago
- Government to celebrate Waitangi Day around NZ
The Government will have senior representatives at Waitangi Day events around the country, including at the Waitangi Treaty Grounds, but next year Prime Minister Christopher Luxon has chosen to take part in celebrations elsewhere. “It has always been my intention to celebrate Waitangi Day around the country with different ...4 days ago
- More gangs added to Gangs Act list
Two more criminal gangs will be subject to the raft of laws passed by the Coalition Government that give Police more powers to disrupt gang activity, and the intimidation they impose in our communities, Police Minister Mark Mitchell says. Following an Order passed by Cabinet, from 3 February 2025 the ...4 days ago
- Judicial appointment announced
Attorney-General Judith Collins today announced the appointment of Justice Christian Whata as a Judge of the Court of Appeal. Justice Whata’s appointment as a Judge of the Court of Appeal will take effect on 1 August 2025 and fill a vacancy created by the retirement of Hon Justice David Goddard on ...4 days ago
- GDP data highlights importance of growth
The latest economic figures highlight the importance of the steps the Government has taken to restore respect for taxpayers’ money and drive economic growth, Finance Minister Nicola Willis says. Data released today by Stats NZ shows Gross Domestic Product fell 1 per cent in the September quarter. “Treasury and most ...4 days ago
- Strengthening Free Speech in Universities
Tertiary Education and Skills Minister Penny Simmonds and Associate Minister of Education David Seymour today announced legislation changes to strengthen freedom of speech obligations on universities. “Freedom of speech is fundamental to the concept of academic freedom and there is concern that universities seem to be taking a more risk-averse ...4 days ago
- Launch of Emergency Cellular Priority Service
Police Minister, Mark Mitchell, and Internal Affairs Minister, Brooke van Velden, today launched a further Public Safety Network cellular service that alongside last year’s Cellular Roaming roll-out, puts globally-leading cellular communications capability into the hands of our emergency responders. The Public Safety Network’s new Cellular Priority service means Police, Wellington ...4 days ago
- Minister reopens Mangamuka Gorge
State Highway 1 through the Mangamuka Gorge has officially reopened today, providing a critical link for Northlanders and offering much-needed relief ahead of the busy summer period, Transport Minister Simeon Brown says.“The Mangamuka Gorge is a vital route for Northland, carrying around 1,300 vehicles per day and connecting the Far ...4 days ago
- Funding confirmed for second Ashburton Bridge
The Government has welcomed decisions by the NZ Transport Agency (NZTA) and Ashburton District Council confirming funding to boost resilience in the Canterbury region, with construction on a second Ashburton Bridge expected to begin in 2026, Transport Minister Simeon Brown says. “Delivering a second Ashburton Bridge to improve resilience and ...4 days ago
- Government boosts support for avian influenza response
The Government is backing the response into high pathogenic avian influenza (HPAI) in Otago, Biosecurity Minister Andrew Hoggard says. “Cabinet has approved new funding of $20 million to enable MPI to meet unbudgeted ongoing expenses associated with the H7N6 response including rigorous scientific testing of samples at the enhanced PC3 ...4 days ago
- Levelling the playing field for media advertising
Legislation that will repeal all advertising restrictions for broadcasters on Sundays and public holidays has passed through first reading in Parliament today, Media Minister Paul Goldsmith says. “As a growing share of audiences get their news and entertainment from streaming services, these restrictions have become increasingly redundant. New Zealand on ...4 days ago
- Inspector-General of Defence appointed
Today the House agreed to Brendan Horsley being appointed Inspector-General of Defence, Justice Minister Paul Goldsmith says. “Mr Horsley’s experience will be invaluable in overseeing the establishment of the new office and its support networks. “He is currently Inspector-General of Intelligence and Security, having held that role since June 2020. ...4 days ago
- Fire and Emergency New Zealand final levy rates confirmed
Minister of Internal Affairs Brooke van Velden says the Government has agreed to the final regulations for the levy on insurance contracts that will fund Fire and Emergency New Zealand from July 2026. “Earlier this year the Government agreed to a 2.2 percent increase to the rate of levy. Fire ...4 days ago
- More AML relief on the way for Kiwi businesses
The Government is delivering regulatory relief for New Zealand businesses through changes to the Anti-Money Laundering and Countering Financing of Terrorism Act. “The Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill, which was introduced today, is the second Bill – the other being the Statutes Amendment Bill - that ...5 days ago
- Hawke’s Bay Expressway moving at pace
Transport Minister Simeon Brown has welcomed further progress on the Hawke’s Bay Expressway Road of National Significance (RoNS), with the NZ Transport Agency (NZTA) Board approving funding for the detailed design of Stage 1, paving the way for main works construction to begin in late 2025.“The Government is moving at ...5 days ago
- Government seeks partnerships to plant trees on Crown-owned-land
The Government today released a request for information (RFI) to seeking interest in partnerships to plant trees on Crown-owned land with low farming and conservation value (excluding National Parks) Forestry Minister Todd McClay announced. “Planting trees on Crown-owned land will drive economic growth by creating more forestry jobs in our regions, providing more wood ...5 days ago
- Wide ranging legislation to make justice system more efficient
Court timeliness, access to justice, and improving the quality of existing regulation are the focus of a series of law changes introduced to Parliament today by Associate Minister of Justice Nicole McKee. The three Bills in the Regulatory Systems (Justice) Amendment Bill package each improve a different part of the ...5 days ago
- Diverse skills in community trust appointments
A total of 41 appointments and reappointments have been made to the 12 community trusts around New Zealand that serve their regions, Associate Finance Minister Shane Jones says. “These trusts, and the communities they serve from the Far North to the deep south, will benefit from the rich experience, knowledge, ...5 days ago
- Torture redress for survivors of the Lake Alice Unit
The Government has confirmed how it will provide redress to survivors who were tortured at the Lake Alice Psychiatric Hospital Child and Adolescent Unit (the Lake Alice Unit). “The Royal Commission of Inquiry into Abuse in Care found that many of the 362 children who went through the Lake Alice Unit between 1972 and ...5 days ago
- A busy year in the House
It has been a busy, productive year in the House as the coalition Government works hard to get New Zealand back on track, Leader of the House Chris Bishop says. “This Government promised to rebuild the economy, restore law and order and reduce the cost of living. Our record this ...5 days ago
- Consultation opens on working with engineered stone
“Accelerated silicosis is an emerging occupational disease caused by unsafe work such as engineered stone benchtops. I am running a standalone consultation on engineered stone to understand what the industry is currently doing to manage the risks, and whether further regulatory intervention is needed,” says Workplace Relations and Safety Minister ...5 days ago
- Greater reporting on Treaty settlement commitments
Mehemea he pai mō te tangata, mahia – if it’s good for the people, get on with it. Enhanced reporting on the public sector’s delivery of Treaty settlement commitments will help improve outcomes for Māori and all New Zealanders, Māori Crown Relations Minister Tama Potaka says. Compiled together for the ...5 days ago
- New appointments to the Charities Registration Board
Mr Roger Holmes Miller and Ms Tarita Hutchinson have been appointed to the Charities Registration Board, Community and Voluntary Sector Minister Louise Upston says. “I would like to welcome the new members joining the Charities Registration Board. “The appointment of Ms Hutchinson and Mr Miller will strengthen the Board’s capacity ...5 days ago
- Building consent processing times improve
More building consent and code compliance applications are being processed within the statutory timeframe since the Government required councils to submit quarterly data, Building and Construction Minister Chris Penk says. “In the midst of a housing shortage we need to look at every step of the build process for efficiencies ...5 days ago
- Faster access to support through Innovation Fund
Mental Health Minister Matt Doocey is proud to announce the first three recipients of the Government’s $10 million Mental Health and Addiction Community Sector Innovation Fund which will enable more Kiwis faster access to mental health and addiction support. “This fund is part of the Government’s commitment to investing in ...5 days ago
- New Zealand to assist Vanuatu on earthquake response
New Zealand is providing Vanuatu assistance following yesterday's devastating earthquake, Foreign Minister Winston Peters says. "Vanuatu is a member of our Pacific family and we are supporting it in this time of acute need," Mr Peters says. "Our thoughts are with the people of Vanuatu, and we will be ...5 days ago
- Government takes steps to reduce card fees for Kiwis
The Government welcomes the Commerce Commission’s plan to reduce card fees for Kiwis by an estimated $260 million a year, Commerce and Consumer Affairs Minister Andrew Bayly says.“The Government is relentlessly focused on reducing the cost of living, so Kiwis can keep more of their hard-earned income and live a ...5 days ago
- Review recommends ECE regulation shakeup
Regulation Minister David Seymour has welcomed the Early Childhood Education (ECE) regulatory review report, the first major report from the Ministry for Regulation. The report makes 15 recommendations to modernise and simplify regulations across ECE so services can get on with what they do best – providing safe, high-quality care ...5 days ago
- Offshore Renewable Energy Bill passes first reading
The Government‘s Offshore Renewable Energy Bill to create a new regulatory regime that will enable firms to construct offshore wind generation has passed its first reading in Parliament, Energy Minister Simeon Brown says.“New Zealand currently does not have a regulatory regime for offshore renewable energy as the previous government failed ...5 days ago
- Local Government (Water Services) Bill passes first reading
Legislation to enable new water service delivery models that will drive critical investment in infrastructure has passed its first reading in Parliament, marking a significant step towards the delivery of Local Water Done Well, Local Government Minister Simeon Brown and Commerce and Consumer Affairs Minister Andrew Bayly say.“Councils and voters ...5 days ago
- Gene Technology Bill passes first reading
New Zealand is one step closer to reaping the benefits of gene technology with the passing of the first reading of the Gene Technology Bill, Science, Innovation and Technology Minister Judith Collins says. "This legislation will end New Zealand's near 30-year ban on gene technology outside the lab and is ...5 days ago
- Vanuatu quake: Warnings as bad weather threat looms for Port Vila
By , New Zealand’s Urban Search and Rescue (USAR) says impending bad weather for Port Vila is now the most significant post-quake hazard. A tropical low in the Coral Sea is expected to move into Vanuatu waters, bringing heavy rainfall. Authorities have issued warnings to people ...4 hours ago - Signs of the hīkoi: More than just ‘words on cardboard’
The placards seen at the Hīkoi mō Te Tiriti conveyed "huge kōrero with immediacy", expert says: "People know the power of the word." ...13 hours ago - A final Ode to .. King Luxon
Cosmic CatastropheThe year draws to a close.King Luxon has grown tired of the long eveningsListening to the dreary squabbling of his Triumvirate.He strolls up to the top floor of the PalaceTo consult with his Astronomer Royal.The Royal Telescope scans the skies,And King Luxon stares up into the heavensFrom the terrestrial ...21 hours ago - A hater and an enthusiast review The Royal Free by Carl Shuker
Spinoff editor Mad Chapman and books editor Claire Mabey debate Carl Shuker’s new novel about… an editor. Claire: Hello Mad, you just finished The Royal Free – overall impressions? Mad: Hi Claire, I literally just put the book down and I would have to say my immediate impression is ...22 hours ago - Survive to 25 (December, that is)
Christmas and its buildup are often lonely, hard and full of unreasonable expectations. Here’s how to make it to Jesus’s birthday and find the little bit of joy we all deserve. Have you found this year relentless? Has the latest Apple update “fucked up your life”? Have you lost two ...22 hours ago
- All I want for Christmas is modern day slavery legislation
Despite overwhelming public and corporate support, the government has stalled progress on a modern day slavery law. That puts us behind other countries – and makes Christmas a time of tragedy rather than joy, argues Shanti Mathias. Picture the scene on Christmas Day. Everyone replete with nice things to eat, ...22 hours ago
- Israeli-American historian describes attacks on Gaza as ‘war of annihilation’
Asia Pacific Report “It looks like Hiroshima. It looks like Germany at the end of World War Two,” says an Israeli-American historian and professor of holocaust and genocide studies at Brown University about the horrifying reality of Gaza. Professor Omer Bartov, has described Israel’s ongoing war on Gaza as an ...1 day ago
- NZ govt plans to make ‘heavy handed’ change to free speech rules for universities
The New Zealand government coalition is tweaking university regulations to curb what it says is an increasingly “risk-averse approach” to free speech. The proposed changes will set clear expectations on how universities should approach freedom of speech issues. Each university will then have to adopt a “freedom of speech statement” ...1 day ago
- Caitlin Johnstone: Where does the aggression really begin?
Report by Dr David Robie – Café Pacific. – COMMENTARY: By Caitlin Johnstone New York prosecutors have charged Luigi Mangione with “murder as an act of terrorism” in his alleged shooting of health insurance CEO Brian Thompson earlier this month. This news comes out at the same time as ...1 day ago
- OECD Report Highlights That More Is Needed
This report reflects that gap in our dealings overseas, and it shows that legislators, the public sector and businesses need to walk the talk. ...2 days ago - Government quietly scraps waste minimisation policies
The government has quietly cancelled plans to improve recycling and roll out a kerbside food scraps composting scheme. ...2 days ago
- MEAA welcomes News MAP funding ‘leg up’ for Australian journalism
Pacific Media Watch The union for Australian journalists has welcomed the delivery by the federal government of more than $150 million to support the sustainability of public interest journalism over the next four years. Combined with the announcement of the revamped News Bargaining Initiative, this could result in up to ...2 days ago
- Transmission Gully partnership breakdown will not hurt future public-private partnerships, Infrastru...
The roads partnership unravelled under a confidential settlement this week, meaning NZTA will now finish off what it had said was incomplete work. ...2 days ago
- Funding cuts to charity particularly felt over Christmas period
The number of people seeking help from Lifeline is expected to increase by 10 to 20 percent over Christmas. ...2 days ago
- Nelson Hospital conditions ‘unbearable’ – staff
One worker says the building is decrepit and falling down around them. ...2 days ago
- The Secret Diary of .. Luxon at Xmas
MONDAY“Merry Xmas, and praise the Lord,” said Sheriff Luxon, and smiled for the camera. There was a flash of smoke when the shutter pressed down on the magnesium powder. The sheriff had arranged for a photographer from the Dodge Gazette to attend a ceremony where he handed out food parcels to ...2 days ago
- Stand by for cricket’s Smash Palace
It’s a little under two months since the White Ferns shocked the cricketing world, deservedly taking home the T20 World Cup. Since then the trophy has had a tour around the country, five of the squad have played in the WBBL in Australia while most others have returned to domestic ...2 days ago
- Early-onset dementia under the microscope
Comment: If we say the word ‘dementia’, many will picture an older person struggling to remember the names of their loved ones, maybe a grandparent living out their final years in an aged care facility. Dementia can also occur in people younger than 65, but it can take time before ...2 days ago
- Keeping the pirates at bay: Should the Australian ‘Blocking Order’ case prompt a discussion in N...
Piracy is a reality of modern life – but copyright law has struggled to play catch-up for as long as the entertainment industry has existed. As far back as 1988, the House of Lords criticised copyright law’s conflict with the reality of human behaviour in the context of burning cassette ...2 days ago
- ‘We were as famous as Tom Cruise’: Craig Parker on 90s Shortland St fandom
As he makes a surprise return to Shortland Street, actor Craig Parker takes us through his life in television. Craig Parker has been a fixture on television in Aotearoa for nearly four decades. He had starring roles in iconic local series like Gloss, Mercy Peak and Diplomatic Immunity, featured in ...2 days ago
- ‘I prioritise the mission, not my health’: Adam McGrath’s perfect weekend playlist
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Nancy Pelosi's run as the best democrat stock and option trader comes to an end,
https://twitter.com/unusual_whales/status/1480656947577860096?cxt=HHwWgMC9qcTprIwpAAAA
https://twitter.com/business/status/1593088806567247872?cxt=HHwWgIC8sYf15JssAAAA
Stand by for bogus impeachments, debt ceiling ultimatums, government shutdowns, vexatious house hearings, and assorted Republican stupidity.
Kicking off on the day they officially gain control the House.
The debt ceiling is an issue,as interest rates have risen and next year the US will spend more on interest then defense.
https://twitter.com/BloombergTV/status/1591171981184946176?cxt=HHwWgMCqsZGf_ZQsAAAA
Apropos of debt obligations; FP on the consequences of a threat to default on provincial government debt.
Imagine the turmoil if a newly elected president of the United States announced that the U.S. government would no longer honor any outstanding Treasury bills because most of them were issued under his profligate predecessor. That’s essentially what Kim Jin-tae, the governor of South Korea’s Gangwon province, did. In doing so, Kim sparked a nationwide credit crisis that is spreading internationally, in the most farcical and unnecessary economic self-destruction this side of Liz Truss
[…]
Immediately, South Korea’s local government projects ground to a halt. As Gangwon did, South Korea’s local governments issue bonds with their guarantees attached to them in order to build infrastructure, public housing, and other large-scale projects. But Gangwon’s default made those guarantees worthless overnight. On Oct. 27, reports emerged that Incheon Housing and City Development Corp., a publicly owned company responsible for urban renewal for South Korea’s third-largest city, had abandoned a plan to issue bonds for affordable housing construction, as it expected no buyers. Out of the 60 billion won (about $44 million) worth of bonds issued by Gwacheon Urban Corp. (GUC) for public housing construction in a wealthy suburb of Seoul, 40 billion won in debt could not find a buyer—the first time in history that GUC failed to sell out its bonds.
But the fallout is not limited to local government bonds; it impacts the whole of South Korea’s bond market, worth more than $2 trillion. Corporate bonds are considered less safe than local government bonds. If few buyers are brave enough to buy local government bonds under these conditions, even fewer buyers can muster enough courage to buy corporate bonds. One of the safest corporate bonds in South Korea is issued by Korea Electric Power Corp. (KEPCO). The returns for KEPCO’s three-year bond had climbed from 2.184 percent to 5.825 percent since the beginning of this year. But in its latest issuance, the KEPCO three-year bond worth 200 billion won (about $146 million) could not find a buyer.
https://archive.ph/pURO3 (FP)
More spin then substance as little movement on currency risks,and 10 yr bond .2% higher then US,and around .25% less then NZ 10yr.
Uni-Party business as usual then?
"UNINSURABLE
And we should note that in the middle of the inland floods in Australia's eastern state, insurers have had enough, advising residents who live on floodplains (most of the good agricultural region) that their insurance won't be renewed."
https://www.interest.co.nz/business/118500/review-things-you-need-know-you-sign-thursday-inflation-hits-farmers-hardest
Makes me wonder if the new development (700 houses) planned for the Napier floodplain region is a good idea (NZ Herald, 17 Nov).
It's been rushed through of course.
As Sgt Wilson would say on Dad's Army: "do you think that's wise?"
Nats are rightly getting an absolute caning for their frankly daft boot camp policy announcement.
Who thought this was a good idea?
Why did Luxon say, "reprogrammed" when referencing the most vulnerable people in NZ society?
Did his speech writers put this word in there or did Christopher 'this is easy' Luxon run off script?
Gold plated ammunition for Labour and the Greens.
Libertarian dolt Malpass is gagging for more: https://www.stuff.co.nz/national/politics/opinion/130504271/christopher-luxon-reheats-the-big-mac-with-his-new-boot-camp-announcements
Yeah, Luke Mouthpiss managed to get semi erect over this policy and its masters but ultimately failed once again to climax.
Maybe electrolux has been watching old movies…………..
Oh heavens that's a great one Kat, Electrolux who hoovers up and empties out, eventually any rightie rubbish.
"reprogrammed"
"reprogrammed"
"reprogrammed"
"reprogrammed"
Luxon.
Boot camp policy is getting demolished on the am show, it shows how bad it is when nat fan boy bridges isn't on board.
When you make policy announcements with the mercenary at your shoulder….as the possible Minister of Police…
Desperate on the hoof warmed up of old failed stuff.
Most will remember how hyped it was last time until it was "rinse and repeat" as many became recidivist offenders.
Luxon had to make a noise to drown out Willis and to try to lift his numbers…
Is there a split appearing in the camp? Or a two pronged attack. Popcorn time. imo
Very astute, Patricia. The Nats are clearly still a divided camp and the warring factions plain to see.
Rinse and repeat is correct.
nats focus groups will be telling them that willis would be less unpopular (wow, thats a two edged compliment) than luxon. nats christmas bbq could be reheated leftovers…
A sceptic looks at the thinking of Jordan Peterson.
Dreadful grifter (Peterson). I watched 2/3rds of that and wished I had not.
UK autumn budget to be released later tonight.What has been suggested that may be on the cards .
55 B in revenue by spending cuts and tax increases.
Deferment of spending in some areas,and no increases in spending excluding health and education.
Stealth taxes by non movement of tax levels,letting wage increases move earners into higher brackets.freezing of tax free allowances,allowing inflation to move products and capital gains into taxable realm.
Pension and benefit increases (inflation measured).
Increased expenditure for insulation and replacement of home hot water with electric,and heat pumps (mostly removal on VAT.
https://twitter.com/Joe_Mayes/status/1593163628416749569?cxt=HHwWgsDSzaH4hpwsAAAA
Hope Nats stay up to watch.