Daily review 26/05/2023

Written By: - Date published: 5:30 pm, May 26th, 2023 - 19 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 …

19 comments on “Daily review 26/05/2023 ”

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  1. adam 1
    26 May 2023 at 5:54 pm

    He's no Sasha.

  2. SPC 2
    26 May 2023 at 5:57 pm

    A teen is raped and later is spat on by a perp riding past – he then makes a post on social media of it being his greatest moment.

    He gets 12 months home detention for multiple rapes of fellow teens and name suppression, as does his school.

    https://www.facebook.com/SundayTVNZ/videos/this-sunday-a-violent-sexual-offender-destroyed-years-of-their-young-lives-but-m/589246185890428/

    One wonders what the chances of his re-offending are and whether the cases get to court (in this case strength in numbers – people could corroborate).

  3. SPC 3
    26 May 2023 at 6:21 pm

    An interesting campaign is being run on the right.

    The claim that if the budget was not based on creating a recession – reducing spending – it was inflationary.

    Despite unusual restraint for an election year the Herald columnists from affiliated right wing radio media parroted a narrative that the budget was inflationary.

    Even to the point of not believing the RBG when he said the 0.25% increase was not because of the budget (many experts had picked a 5% increase before the budget …).

    And onto Newshub once affiliated to their own alternative right wing radio media.

    https://www.newshub.co.nz/home/politics/2023/05/budget-2023-is-inflationary-political-commentator-barry-soper-believes.html

    1 The RB forecast inflation at 3.5 March 2024 and Treasury at 3.0 late 2024.

    2 Budget spending that does not start till 2024 – such as 20 years free for 2 year olds in ECE a few hundred million over 4 years is not inflationary in 2023.

    3 The increase in migrant worker numbers in 2023 is inflationary in 2023 (esp in terms of demand for housing – and is cause alone for a rent freeze) but because National want even more of that … this is not this is not the main focus … .

    • alwyn 3.1
      26 May 2023 at 6:51 pm

      " Budget spending that does not start till 2024 – such as 20 years free for 2 year olds in ECE a few hundred million over 4 years is not inflationary in 2023."

      You mean to say that Robertson has managed to have a $7 billion deficit this year and a current account deficit of $33.8 billion before he has even started throwing more billions into the black hole? I guess we have to expect it from someone who has never had a real job in his life.

      • SPC 3.1.1
        26 May 2023 at 7:05 pm

        Paying people a wage increase is not throwing money into a black hole, nor is infrastructure spending. Nor flood recovery.

        Debt costs are also rising, but fortunately we have one of the lowest debt levels in the OECD.

        Debt is forecast to peak at 22% of GDP in 2023-2024 and then decline.

        https://budget.govt.nz/budget/pdfs/fsm/fsm-projections-may23.pdf

        • alwyn 3.1.1.1
          26 May 2023 at 7:20 pm

          You did notice that these numbers do not include such minor items as the debt of Crown entities? That includes little things like the anticipated $28.9 billion debt of Kainga Ora in a few years.

          The only way that I can see Government debt declining from 2023-2024 is if we get rid of this Government.

          Did Treasury list this as one of their assumptions?

          • SPC 3.1.1.1.1
            26 May 2023 at 7:29 pm

            Making all tax changes, tax revenue neutral, is one way to avoid higher debt levels.

            • alwyn 3.1.1.1.1.1
              26 May 2023 at 8:25 pm

              I'm afraid that I don't follow that comment.

              If we cut income tax by $20 billion and increased GST by $20 billion that would be tax revenue neutral wouldn't it?

              If we also increased expenditure by $50 billion then our debt would have to rise by $50 billion.

              Can you explain what you mean?

              • SPC …
                26 May 2023 at 9:03 pm

                Is National proposing that its tax cuts are tax revenue neutral?

                If not it would increase debt.

                If spending went up as revenue did, it also does not change debt levels.

          • Craig H 3.1.1.1.2
            26 May 2023 at 9:05 pm

            Net debt includes Crown Entities debt – it's note 3 to table 3.

      • Nic the NZer 3.1.2
        26 May 2023 at 7:19 pm

        33.8 – 7 = 26.8 billion less income for NZers than the prior period. This seems deflationary, no?

        If he goes for the other 26.8 billion on a buy NZ made campaign we might be in the ball park of inflationary budgets.

  4. tWiggle 4
    26 May 2023 at 7:36 pm

    Following up on recent posts about the degree of independent action of anti-Putin milia attacks on Russian soil.

    " The West has insisted that Ukraine not use weapons it receives from members of the NATO security alliance inside Russia. A strike against a Russian target inside Russia itself using the UK-provided Storm Shadow cruise missile, for example, would risk the appearance of bringing NATO into direct conflict with Moscow. But MRAP armored vehicles are armored trucks. It’s the weapons systems that really matter. Ukraine doesn’t want any credit for the raid into Russia. So it has used Russians to do the job, and claimed they’re not under Ukrainian orders, this time."

    https://edition.cnn.com/2023/05/25/europe/ukraine-anti-putin-militia-russian-intl/index.html

  5. joe90 5
    26 May 2023 at 9:31 pm

    Nutbush City Limits from Czechoslovakian state TV (1978)

    And Proud Mary(On The Mekong) by The Cambodian Space Project.

  6. Stephen D 6
    26 May 2023 at 9:37 pm

    Are businesses pushing up prices to take advantage of inflation?

    https://www.nzherald.co.nz/business/the-front-page-are-businesses-pushing-up-prices-to-take-advantage-of-inflation/DULQFJ4ARVAUVN4FGCPIPZRQKU/

    Is the Pope Catholic, do bears shit in the woods, is Paris a city?