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notices and features - Date published:
5:30 pm, August 28th, 2023 - 11 comments
Categories: Daily review -
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The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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Everything being thrown at the govt…..watch out for the usual motorbikes and kitchen sinks……..
Jessica @6.pm will be revelling in all this freedumb action……..
https://www.stuff.co.nz/southland-times/news/132826824/groundswell-nz-to-hit-the-road-again
Wonder what all those "onerous" new regulations are? Last farmer I asked couldn't think of one on the spot and reporters never seem to ask.
Reporters…ha…..well the media wants to see blood splattered on the campaign trail….its all about making themselves relevant in
reportingopinion pieces…..the old 'if it bleeds it leads' trick….Where is Brian Edwards when you need him….
You know…Willis says…Willis says….as per gospel…..handed down from the almighty…..
https://www.stuff.co.nz/national/politics/300958663/election-2023-live-budget-cuts-show-government-spending-too-much-willis-says
To the surprise of no one:
https://www.rnz.co.nz/news/national/496752/business-profits-contributed-significantly-to-recent-rising-costs-study-finds
To the surprise of no one.
A study produced by FIRST Union, the Council of Trade Unions and the lobby group Action Station (which is pretty much left aligned) come to the conclusion that it is those evil companies that are responsible for inflation.
As you say. That is "To the surprise of no one". Just as the study by Business New Zealand found profits were not the driving force and that labour costs were more to blame.
That's right alwyn, you can read and parse what I was pointing out. I admit that does surprise me.
The disagreement in the conclusions of the two reports is stark, and I would like to understand why. They both used very different methodologies, but I haven't spent the time getting to the bottom of it…I hope someone more knowledgeable than I does it for me! Also haven’t found a link to the actual new report yet.
The business NZ one did exclude the financial sector – which includes the very many billions of record bank profits.
Just found the new report:
https://actionstation.org.nz/publications/profit-driven-inflation
The new report includes considerable discussion on why their conclusion is different to the Business NZ report (e.g. pages 11-13 of the new report). And their explanations make a lot of sense.
For example, the Business NZ report discusses profit margins but not total profit – while at the same time noting large increases in input costs (and of course, same margin with higher input cost = higher profit).
And the Business NZ exclusion of the financial sector was silly (they justified it by saying it was just too hard to analyse using their methodology) – this sector makes up a huge part of the relevant profit. Excluding this and just publishing (and publicising) their report anyway, makes you think the Business NZ report was mostly an execise in PR, than actual investigation.
And this from Luxon…..You are no Slim Shady…..he obviously considers the 'heckler' to be not evil and mischievous, and come and talk to me in private……interesting, shades of Brash and the seven dazed adventurers……
https://www.stuff.co.nz/national/politics/132828367/christopher-luxon-tells-heckler-hes-no-slim-shady-after-being-told-to-please-stand-up-at-hijacked-media-event
You couldn’t make madness this up…..could you….