ECONOMY IN PERIL! DANGER!! WARNING!!!

Written By: - Date published: 9:27 am, February 3rd, 2016 - 149 comments
Categories: tertiary education, you couldn't make this shit up - Tags: , , ,

Yes citizens, that is the conclusion drawn by the anonymous author of YADHE (Yet Another Disgraceful Herald Editorial) – An expensive fix which has little purpose

The economy is strong in large part because public spending is under control. Expensive proposals that waste money purely for political gain could put the country’s prosperity in peril.

Spending money on education instead of tax cuts for the rich (which is what they money is currently budgeted for) is going to put our economy in peril! Obviously!

Why change the funding system now? Or to put it another way, what problem is this policy designed to fix?

The policy is designed to fix the problem of student debt – a crushing burden which blights the lives of young people and drives many of them (with their expensive new skills) right out of the country. You, dear writer, might have understood the problem if you’d been saddled with student debt yourself, but you weren’t, were you. Idiot.

149 comments on “ECONOMY IN PERIL! DANGER!! WARNING!!! ”

  1. Gosman 1

    Where exactly is this money budgeted for?

    • Sabine 1.2

      Can you tell us how the National Party is going to pay back the debt accumulated under their watch?
      Can you tell us how the National Party is going to raise the Tax revenue lost if they offer a tax cuts again.

      • pat 1.2.1

        another increase in GST perhaps?….that tax which disproportionately impacts the less well off

      • Nic the NZer 1.2.2

        It is absolutely critical that left wing commentators understand that paying back the ‘accumulated debt’ is the last thing anybody wants, or needs National (or a different government) to do.

        http://bilbo.economicoutlook.net/blog/?p=3891

        Labour should trump this by offering these tax cuts in addition, given the present state of the economy.

        • Draco T Bastard 1.2.2.1

          Wrong. The debt needs to be paid off so that we don’t keep losing billions a year in interest. To do this two things need to be done:

          1. Stop the private banks creating money
          2. Have the government be the sole supplier of NZ currency

          Then, as government bonds mature simply have the RBNZ create the money necessary to pay them off.

          Due to the fact that the government can, and should, create all the nations currency the government should never, ever be in debt. They may run a deficit but they don’t have to borrow to cover the shortfall.

          • Nic the NZer 1.2.2.1.1

            “The debt needs to be paid off so that we don’t keep losing billions a year in interest.”

            As you are well aware, interest payments are not ‘lost’ they are paid to the holders of government debt. There are actual important things to worry about, which do not include this.

            “1. Stop the private banks creating money”

            Why are you still advocating this nonsense? The link between inflation and the money supply was completely discredited when Monetarism was actually tried in ernest (circa the early 1980’s)? You are well aware of the history (and failure) of this idea.

            • Draco T Bastard 1.2.2.1.1.1

              As you are well aware, interest payments are not ‘lost’ they are paid to the holders of government debt.

              Well, it’s either pay the holders of the debt or increase social services. We can’t do both.

              Why are you still advocating this nonsense?

              It’s not nonsense. What we have (private banks creating money with almost no limits) is nonsense. And, yes, that is one aspect of our economy which is causing huge inflation in the housing market.

              The link between inflation and the money supply was completely discredited when Monetarism was actually tried in ernest (circa the early 1980’s)? You are well aware of the history (and failure) of this idea.

              WTF are you talking about? Sovereign money has always been a success when it’s been tried but the capitalists have always managed to persuade the politicians to swing the power of creating money back to them and the economy then fails.

              • Nic the NZer

                “Well, it’s either pay the holders of the debt or increase social services. We can’t do both.”

                If the government can create money (which it can) then clearly it can also choose to do both, which it can.

                “What we have (private banks creating money with almost no limits) is nonsense.”

                Nonsense, in the sense that this is not how banks and finance works. When in fact they work (do function, and continue to function) as they do now.

                “Sovereign money has always been a success when it’s been tried but the capitalists have always managed to persuade the politicians to swing the power of creating money back to them and the economy then fails.”

                The ability of banks to create credit clearly has not, and doesn’t undermine the ability of governments to create credit themselves. That’s not even what you are saying but somehow its the implication of what you have said.

                “And, yes, that is one aspect of our economy which is causing huge inflation in the housing market.” also “WTF are you talking about?”

                Well as I thought you were aware, several governments experimented with limiting growth of the money supply directly and if that was mechanism from M3 to inflation, so if this was ‘causing inflation in the housing market’. But it became apparent that there was not a direct link there. The same conclusion could probably be drawn from the failure of QE to spike inflation as well. In addition preventing credit to all markets on the basis of one seems rather heavy handed.

                Not that I would be particularly concerned about this policies likely success to be implemented in a significant way.

                • Lara

                  – “What we have (private banks creating money with almost no limits) is nonsense.”

                  – Nonsense, in the sense that this is not how banks and finance works. When in fact they work (do function, and continue to function) as they do now. ”

                  I don’t think you understand how our money works.

                  And the Reserve Bank do.

                  Here is clearly stated (in a speech given by Michael Reddell from RBNZ) the following:

                  “Note that I’m not disagreeing that “money” is bank-created: a bank loan does typically leads to a new bank deposit, and those bank deposits do make up the bulk of our statistical measures of the “money supply””

                  So your claim that money is created by private banks is “nonsense” is directly contradicted by the Reserve Bank of New Zealand.

                  Now who to believe?

                  You?

                  Or RBNZ?

                  Hmmmm….

                  • Nic the NZer

                    You need to look at the discussion. Yes banks create money. No thats not an issue with appropriate regulation.

                    • Lara

                      I did look at the discussion.

                      Don’t patronise me.

                      I was responding to your repeated assertion that banks do not create money. That that statement was nonsense.

                      And I was calling bullshit on your assertion.

                    • Nic the NZer

                      Well Draco said that, initially, not me. Also thats not the implication of what he said.

                • Draco T Bastard

                  Nonsense, in the sense that this is not how banks and finance works.

                  So I take it that you disagree with the Bank of England’s research and analysis?

                  This article explains how the majority of money in the modern economy is created by commercial banks making loans.

                  When in fact they work (do function, and continue to function) as they do now.

                  That’s just it – it’s not working. As the Great Depression, the GFC and every recession in between and beyond proves.

                  The ability of banks to create credit clearly has not, and doesn’t undermine the ability of governments to create credit themselves.

                  You can’t have both the government and the private banks creating money. Then you will get the hyper-inflation that the right-wing always go on about. Thing is, you can’t leave the creation of money to the private banks because then you get massive disinvestment such as the present over investment in housing.

                  Well as I thought you were aware, several governments experimented with limiting growth of the money supply directly and if that was mechanism from M3 to inflation, so if this was ‘causing inflation in the housing market’.

                  Which had nothing to do with what I said thus WTF are you talking about?

                  • Nic the NZer

                    “So I take it that you disagree with the Bank of England’s research and analysis?”

                    No, I agree with that research, you rather miss-interpreted what I said. The non-sense part is that inflation is not driven by he size of the money supply.

                    “You can’t have both the government and the private banks creating money. Then you will get the hyper-inflation that the right-wing always go on about.”

                    Will you? Because presently both do occur with no hyper-inflation.

                    • Colonial Viper

                      No, I agree with that research, you rather miss-interpreted what I said. The non-sense part is that inflation is not driven by he size of the money supply.

                      Size of the money supply/credit supply, if I were to be finicky.

                      Just look at the inflation in financial assets across the world due to money printing and cheap credit.

                    • Nic the NZer

                      Inflation in financial assets however is not the same as inflation in prices (which is the concerning one).

                      Unless you are an Austrian economist that is an like to conflate the two for rhetorical reasons, Ha, Ha.

                      But can you show any research which says that the financial assets are driving inflation, rather than the inflation is driving the financial assets and leverage up?

                    • Colonial Viper

                      The different “kinds” of inflation are not the same, but asset price inflation under conditions of unlimited easy/free money is a phenomenon we have seen for many years now.

                      But can you show any research which says that the financial assets are driving inflation, rather than the inflation is driving the financial assets and leverage up?

                      well no…but where is the research to say that is the paradigm which should be investigated?

                      But seriously…inflation is not seen as a problem in most places in the western world…its just that for ordinary people their incomes are deflating at a faster rate.

                      The whole scam appears contrived to increase financial inequality between the 0.01% and everyone else.

                    • Draco T Bastard

                      Well Draco said that, initially, not me. Also thats not the implication of what he said.

                      The non-sense part is that inflation is not driven by he size of the money supply.

                      Now you seem to be purposefully misrepresenting what I said. Almost nothing of what you’ve replied to me has any bearing on what I said.

      • Draco T Bastard 1.2.3

        Can you tell us how the National Party is going to pay back the debt accumulated under their watch?

        Whatever makes you think that they’re planning on paying it back? IMO, They much prefer that they and their rich mates keep getting the government guaranteed income from doing nothing that that debt represents.

        • Colonial Viper 1.2.3.1

          The funniest thing will be the old cycle of Labour squeezing down on communities to pay back the national debt, only to be thrown out of office again in time for National to come in and spend up big on the credit card that Labour has freed up for them!

      • Smilin 1.2.4

        Well they could set up a sting crash like 2008 but this time wipe 100 billion off the books in NZ and boot Key and his BS idiots TO HELL
        how would that do Cheers

  2. Gosman 2

    Have you got any figures suggesting the Student debt drives a significant number of graduates overseas? For example – What is the proportion of graduates living offshore versus onshore pre and post Student loans?

  3. Stuart Munro 3

    There’s a false premise here anyway.

    The economy is NOT strong. Idiots who are losing $20 billion a year, have just had their credit downgraded for the second time and are $120 billion in debt, having made NZ plummet 23 OECD places in the last thirty years don’t have a strong economy.

    These useless RWNJ need to wake the fuck up.

    • Gosman 3.1

      What evidence do you have for NZ plummetting 23 places amongst OECD nations in the past 30 years?

      • Stuart Munro 3.1.1

        You’ve got google – figure it out.

        • Gosman 3.1.1.1

          This link does not suggest NZ has slipped anywhere near 23 places amongst OECD nations.

          http://www.treasury.govt.nz/publications/research-policy/wp/2002/02-14/01.htm

          Now where did YOU get your so called facts from?

          • Macro 3.1.1.1.1

            You certainly won’t get any “facts” from treasury!
            Opinions, dreams, neo-liberal clap trap, certainly – but “facts”….
            You have to dig a bit deeper for them.

            • Gosman 3.1.1.1.1.1

              Weird then that even The Green party wishes to use them to independently cost each political parties spending promises. Why would The Greens allow Treasury to do this if it is so obvious they only provide “Opinions, dreams, neo-liberal clap trap” but no facts?

              • Macro

                My thoughts entirely. It should be a completely independent agency quite removed from any Treasury influence.
                I guess the reason the Greens decided that Treasury would be the best place for it was purely financial, (you see they are not completely devoid of the need to keep costs to a minimum – after all that is the whole point of the proposal), but I can see all manner of difficulties with it residing there.

                • Gosman

                  But apparently The Greens can’t see any difficulties with it residing there. They are obviously not as clever as some would like us to believe they are.

                  • Stuart Munro

                    By no means – the Greens are merely tired of having their well-reasoned economic ideas – like Russel Norman’s suggestion that quantitative easing be considered – dismissed as silly by arrogant empty-headed buffoons like John Key.

                    Unhappily for the Greens, the Gnats, having no economic acumen whatsoever, certainly cannot recognise it in others. Key will continue to dismiss Green economic ideas on irrational grounds because his own activities cannot meet a rational public interest analysis.

                    Key’s a crook, and honest practices like a neutral policy costing unit do not serve his interests at all. Crooks are not and never will be good government however – hence rubbish like the TPP.

                    Nobel winners like Stiglitz understand what’s wrong with the TPP – so do the smarter Gnats (the dishonest ones) but the average Gnat supporter or tr0ll is not in immediate danger of Nobel recognition.

                  • weka

                    But apparently The Greens can’t see any difficulties with it residing there. They are obviously not as clever as some would like us to believe they are.

                    Says the person who didn’t even think to read the policy before criticising it.

                    This independent unit within the Treasury will be established with the specific role of costing political party policies. Political parties can voluntarily submit their policies to the unit for costing. The independent unit will then produce a standardised report with information on both the fiscal and wider economic implications of the policy, so that the public can see the expected costs of different policies.

                    The unit will use the existing comprehensive Treasury processes and guidelines for this work, but the current layer of Ministerial involvement will be removed. Changes to the State Sector Act will be necessary to protect this unit from the usual oversight and access by the Minister, meaning it can be truly neutral and work for all parties.

                    https://www.greens.org.nz/sites/default/files/policy-pdfs/Policy%20Costings%20Unit_FINAL.pdf

    • Bob 3.2

      “There’s a false premise here anyway”
      And they all seem to be your own!

      “Idiots who are losing $20 billion a year”
      They actually had a surplus of $414M for the June financial year, and are only forecasting a $414M deficit for the 2016 FY so citation for your numbers please?
      http://www.radionz.co.nz/news/political/292185/i-see-red-government-forecasts-deficit

      “have just had their credit downgraded for the second time”
      They downgraded our economic outlook from Positive to Stable: https://www.fitchratings.com/site/fitch-home/pressrelease?id=998381, this is VERY different to a credit downgrade which remains at AA. Your lack of understanding of this may explain the rest of your figures also.

      “and are $120 billion in debt”
      That is NZ total debt, private + public.
      Government debt is currently falling as a % of GDP: http://www.oecd.org/newzealand/new-zealand-economy-performing-well-but-sustaining-high-levels-of-growth-and-well-being-will-require-further-reforms.htm
      And private debt has been reasonably flat since National came into power
      http://www.rbnz.govt.nz/statistics/key_graphs/household_debt/ these are both signs of a strong economy.

      “having made NZ plummet 23 OECD places in the last thirty years”
      Citation for this as well? From what I can see, we have only dropped 2 places in the past 30 years:
      http://www.treasury.govt.nz/publications/research-policy/wp/2002/02-14/01.htm

      Seriously Stuart, where do you get this shit from? I think you should have a read of this: http://youarenotsosmart.com/2011/06/10/the-backfire-effect/ (hat tip OAB)

      • Draco T Bastard 3.2.1

        Anyone seen the rockstar economy lately?

        NZ Government books running $1.6 billion in the red as tax take disappoints

        I suspect that being down $1.6 billion dollars means that the expected surplus of $414m is long gone.

        • Bob 3.2.1.1

          Still well below the $20 billion in the red Stuart has heard about.

          • Stuart Munro 3.2.1.1.1

            Oh really Bob you disingenuous piece of shit.

            Last year NZ government debt was $100 billion.

            Now it’s $120 billion.

            I’d ask you to do the math but obviously it’s not your strong suit.

          • ropata 3.2.1.1.2

            o rly?

            Public debt in 2008: $ 0
            Public debt in 2016: $ 120 908 000 000
            NatCorp™ in power: 7 years

            $ 121 billion divided by 7 years = $ 17.2 billion per year, (kiwi $$$ gifted to foreign bankers)

            $ 20 billion wasn’t far off

      • Stuart Munro 3.2.2

        If your debt keeps increasing every year, and you never keep your promises, you must learn to expect that people will not believe you.

        I had the benefit of long discussions with the architect of Korea’s economic recovery – he didn’t think the Gnats are rock stars – more like folk with rocks in their heads – can’t even sustain real growth of over 3% and have no business whatsoever claiming economic competence, much less expertise.

        You useless hosers.

        • Bob 3.2.2.1

          I get the feeling you may have been talking to a fraud rather than the ‘architect of Korea’s economic recovery’.
          Korea has had one year of >2% economic growth in the last 10 years! http://www.tradingeconomics.com/south-korea/gdp-growth
          National have kept New Zealand’s economic growth over 2% for the past 4 consecutive years which is predicted to continue: http://www.tradingeconomics.com/new-zealand/gdp-growth-annual

          What was the persons name out of interest?

          • Stuart Munro 3.2.2.1.1

            The late Lee Kie-Hong.

            If you believe that National have kept NZ’s growth over 2% for the last 4 years you are either dishonest or stupid.

            Take Christchurch off that – it may be churn, but it isn’t growth. Take migration out – migration isn’t growth it’s only capital inflow.

            This self-deceit does you no credit and the country no good.

            • Colonial Viper 3.2.2.1.1.1

              I don’t see why Lefties are still promulgating a financial system which requires (eventually impossible) exponential growth.

              Of course constant 3% or 4% or hell 10% economic growth per year is possible for a few years (until it isn’t): the thing is you have to fuck up your environment and your people and your resources up to achieve it.

              Or, as the West has been doing for the last 20 or so years, simply resort to financial fraud and accounting games.

              Use South Korea as an example for many things, but just remember that there is a reason why their suicide rate is 25 per 100,000 people. That’s like doubling or more NZ’s suicide rate, and ours is pretty shite to start with.

              • Stuart Munro

                At the moment we have a failed rightwing government – they will pursue conventional economic policies at best.

                The Key government is however a screaming disaster in conventional economic terms, which is something people need to wake up to.

                Korea is a useful comparison because it instanced a real rather than a false technocracy.

      • Colonial Viper 3.2.3

        Bullshit Bob

        “and are $120 billion in debt”
        That is NZ total debt, private + public.

        LOL

        total NZ foreign debt is at least one quarter billion NZD, mate.

        You really are out of date.

  4. shorts 4

    While there is a “brain drain” of some of our brightest and a chunk of the middle class who do at the least an OE where this policy has the most to offer us is those who wouldn’t burden themselves with debt to gain higher qualifications – those children of beneficiaries and minimum wage earners

    it will help to start to reverse the growing inequality and poverty trap far too many are finding themselves in – as an added bonus if OE’s, gap years and travelling are not part of a families makeup (which they aren’t for the “poor”) then the qualified graduates are far more likely to stay here and help their communities grow and thrive

    Great policy by labour, or should I well borrowed from the greens

    • Stuart Munro 5.1

      One could almost believe this utterly useless pack of scumbags had some vague clue what they doing, if one ignored all the evidence:

      mounting debt
      lack of growth ex housing migration & rebuild
      declining workforce participation
      erosion of cultural capital and democracy
      rising corruption

    • Gosman 5.2

      But Stats NZ is obviously infiltrated with National apparatchiks who are following orders to fudge data to make their masters in the Beehive look better /sarc

      • Stuart Munro 5.2.1

        There must be the mother of all purges in Treasury – and afterward, their numbers must be true at their peril.

        No more – surplus next year guys D’oh! Try again next year 😉

        Dishonest reporting to lend credence to the utterly worthless Gnat government.

        • Gosman 5.2.1.1

          A lefty advocating a massive purge. Why am I not surprised.

          [lprent: Please don’t waste my time. When I read something like this comment while moderating, I have to go off and look at the context to see if there is someone I need to admonish. I tend to get a bit tetchy when I find it is a just an idiot chicken little overstatement. My first instinct, which I overrode, as to pass out an educational ban for wasting my time. Instead you get a warning – don’t overhype anything to cause a moderator to waste time looking for an offense. It is a dangerous thing to do. ]

          • Stuart Munro 5.2.1.1.1

            Of course you support Treasury’s failure to forecast a surplus correctly eight years running – it’s function (from the RWNJ perspective) is not to pursue the public interest, but to facilitate the lies that keep this corrupt government in power.

            Real right wing people don’t like incompetence.

            • Gosman 5.2.1.1.1.1

              The Greens seem to like Treasury. So much so that they wish to give them more money and authority to cost each political parties election promises. But I suppose you think The Greens are now Right Wing.

              • weka

                Go read the policy Gosman, because soon I’m going to have start calling you a liar if you keep misrepresenting what the GP intend. Link above.

    • pat 5.3

      Would imagine you understand lag effect….or perhaps you choose to ignore it?

      http://www.treasury.govt.nz/budget/forecasts/hyefu2014/005.htm

      note that this link from last year with a projected MS price of $5.50……now reduced $4.15…..glad youre so confident

    • Sabine 5.4

      is unemployment falling because people are getting fulltime jobs or because they are sanctioned off the unemployment roles of Winz?

      • Matthew Hooton 5.4.1

        From reports ….

        “Employment has been especially strong for 20- to 29-year-olds, with 26,800 more people employed in this age group over the year.

        “There were just over 23,000 more people employed in Auckland over the year, the largest rise coming from within Auckland’s construction industry.”

        • Lanthanide 5.4.1.1

          I see you chose not to also quote these parts of the same “reports”:

          However the “participation rate” – the proportion of working age people making themselves available for work, has dropped for the third consecutive quarter, this time by 0.3% to 68.4%.

          “It is unusual to have the participation rate fall when employment growth itself has been so strong. We suspect there still exists a degree of slack in the labour market and that wage inflation will remain slow for some time yet.”

          Tuffley said the employment rate and the participation rate usually moved together, “so the opposing movements in this quarter’s release are a surprise”.

          “Collectively, labour participation was surprisingly weak over the second half of 2015, something we will look at closer.”

          Tuffley said the ASB economists did not believe there was any strong reason for the fall in participation rate and, as a result, they expected the participation rate would pick up again in the first quarter of 2016.

          “That would see the unemployment rate also rise back to recent levels in 2016. On average, we are forecasting the unemployment rate to be 6% over 2016.”

    • Raf 5.5

      Mr Hooton – how do you define “employment”?

      • DH 5.5.2

        Raf. From the Household Labour Force Survey sources and methods: 2015

        Labour force definitions

        Employment relates to everyone in the working-age population who, during the reference week:
        • worked for one hour or more for pay or profit in the context of an employee/employer relationship or self-employment
        • worked without pay for one hour or more in work that contributed directly to the operation of a farm, business, or profession practice owned or operated by a relative (before April 1990 this was defined as 15 hours or more)
        • had a job but was not at work due to illness or injury, personal or family responsibilities, bad weather or mechanical breakdown, direct involvement in industrial dispute, leave, or holiday.

        Unemployment relates to everyone in the working-age population who, during their reference week, were without a paid job, were available for work, and:
        • had actively sought work in the past four weeks ending with the reference week (see appendix 2 for ‘active’ job search methods – only looking at job adverts in the newspaper is not counted as actively seeking) or
        • had a new job to start within four weeks.

        To me that raises more questions than it answers.

    • Ad 5.6

      Excellent political news if it tracks into 2017.

      Still pretty poor on wages rising.

      • lprent 5.6.1

        Still pretty poor on wages rising.

        Which is why the unemployment stats are pretty useless. A lot of what they measure is how many people have given up staying on the rolls. In this case in 9 to noon I heard something in today’s stats about 14 thousand people who wanted work who had stopped looking for work. Presumably they gave up trying to dealing with WINZ who these days are structured to be complete pricks according to people I know who have had to deal with them over this last year.

        Until you see wages starting to rise what you are looking at is a market with too many people looking for work.

        That is happening in some areas, notably IT jobs. I was told today that we’re having problems getting people to say yes when we offer them a job to come to work for my company, mostly because we were paying below market rates. At the start of 2015 we were paying at or above market rates. Despite a hike during the year, we’re noncompetitive again even for the grads we want.

        • Brendon Harre -Left wing Liberal 5.6.1.1

          Lprent how much of your IT industries noncompetitive wages is related to trying to keep up with property and rent increases?

          I suspect for the coming generation providing affordable housing would have a bigger effect on disposable income than wage increases.

        • The Fairy Godmother 5.6.1.2

          So true Lprent. I know a couple of young people whose parents are well enough off to let them stay at home for free with an allowance so they dont have to put up with winz abuse. These are young people who have become totally disheartened because the real jobs just aren’t there. I did the same thing a year ago. Fortunately we were lucky. She obtained a job which 100 other people applied for.

    • UncookedSelachimorpha 5.7

      From your link:

      “This fall reflected 16,000 fewer people being unemployed over the quarter.”

      [there were] “…an increasing number of people not participating in the labour force; 14,000 more in the December 2015 quarter”

      Not as good as it seems.

  5. Nick Nack 6

    “The policy is designed to fix the problem of student debt – a crushing burden which blights the lives of young people and drives many of them (with their expensive new skills) right out of the country. ”

    Student debt is not a ‘crushing burden’. It is an entirely fair system that ensures those who most directly benefit from tertiary education pay for it.

    • Stuart Munro 6.1

      No,

      A graduated tax system ensures fairness. Student loans just penalise the victims of corporate raiding as they try to rebuild their career paths.

      • Gosman 6.1.1

        A graduated tax system does not solve the problem of graduates leaving the country though. in fact it could increase the rate of this occurring.

        • Stuart Munro 6.1.1.1

          Graduates flee the low pay rates of the Key failconomy – and they need to fund repayment of their loans – which with NZ cost of living isn’t easily achieved here.

          The only booming industry in NZ is real estate – for which no qualifications are needed – only capital. But it isn’t healthy for the economy – a matter that ought to concern people who claim to care so much about economies.

          Darian? Biarritz? Property bubble ghost towns.

          • Wayne 6.1.1.1.1

            Stuart Munro,

            People fleeing New Zealand?

            We have the lowest outflow of people to Aus and elsewhere for decades.

            If you are going to propose alternative economic strategies, at least try and stick to the facts.

            And I don’t think you can seriously accuse civil servants of simply inventing statistics. In my experience they are highly professional, and properly advise successive Ministers of the actual facts, not just the “facts” the Minister wants to hear.

            Obviously civil servants implement policy of the elected govt, but they don’t make up facts to suit the policy.

            • Stuart Munro 6.1.1.1.1.1

              Relates to the decline of Australia’s economy as you well know.

              Liar.

            • Draco T Bastard 6.1.1.1.1.2

              We have the lowest outflow of people to Aus and elsewhere for decades.

              Yeah, because the economy of the rest of the world is collapsing under the delusion of the capitalist system and so many NZers are returning home.

        • gsays 6.1.1.2

          let me see if i got this correct-

          “Have you got any figures suggesting the Student debt drives a significant number of graduates overseas? For example – What is the proportion of graduates living offshore versus onshore pre and post Student loans?”

          but

          “A graduated tax system does not solve the problem of graduates leaving the country though. in fact it could increase the rate of this occurring.”

          in the first breath, meeting yr obligation doesn’t drive people overseas,
          then in yr second breath,
          meeting your obligation increases the amount of people going overseas.

          that looks like the hypocritical half hitch you’ve tied there.

          • Matthew Hooton 6.1.1.2.1

            It is counterintuitive that student debt would drive people offshore. If people go overseas they have to pay interest on their loans so it is better from that point of view to stay in NZ if people have student loans. Of course, they may set that aside and go offshore for higher wages or other reasons but that has nothing to do with loan debt.

            • Stuart Munro 6.1.1.2.1.1

              This presupposes that graduate employment is abundant and well rewarded in NZ – which it never has been. There’s a reason NZ was for decades a major exporter of science graduates – lack of opportunity.

              NZ without a secure income is one of the most miserable places on earth – which is why, under the Key failconomy with unprecedented levels of unemployment hidden by corrupt Treasury officials NZ’s suicide rate is now twice the road toll and climbing. This is the strongest growth result Key has produced – I wonder why we don’t hear more about it.

              • Matthew Hooton

                Yes, but that would be an issue with graduate (un)employment, not loans. It just doesn’t make sense that, other things being equal, someone would leave NZ because they had a student loan.

                • r0b

                  Did you read the links from NW at 2.1 ?

                • Stuart Munro

                  Unless you are happy that NZ student loans go unpaid indefinitely, unemployed graduates should always have the opportunity to take up any offer of employment abroad.

                  If the Right wish to avoid the inevitable comparison with other, less reputable fascist enterprises, they must learn to resist the urge to turn NZ into a concentration camp.

                  The dark side of planet Key is not a good place to live – except for reptiles.

                • Colonial Viper

                  It just doesn’t make sense that, other things being equal, someone would leave NZ because they had a student loan.

                  Hey Matthew

                  Are you suggesting we help make “other things equal” eg by giving our grads decent paying entry level jobs which are competitive in pay and quality to those in the international markets where their skills are in more demand?

                  Great idea!

            • McFlock 6.1.1.2.1.2

              If people go overseas the government will tack interest on their loans

              FIFY
              That’s not an incentive to stay in NZ. That’s an incentive to not return.

              • Gosman

                And having to pay higher taxes as a result of earning more from the qualification they get isn’t an incentive to leave NZ?

                • McFlock

                  Not as much as a $100,000 debt.
                  And if you’re overseas earning money, you don’t pay tax in NZ, so when you come back to spend some of your cash on holiday you’re not risking arrest.

                  Taxes or loans, either one is an incentive to leave if your bread is buttered that way. But only loans are an incentive to stay in permanent exile.

                • Lanthanide

                  Considering that taxes in Australia are higher, no.

                  Unsure about England.

      • Nick Nack 6.1.2

        “A graduated tax system ensures fairness.”

        How so? In the case of tertiary fees, the opposite is the case. As for ‘corporate raiding’, I thought this was a serious discussion.

        • Stuart Munro 6.1.2.1

          If it were a serious discussion you wouldn’t be in it.

          A graduated tax system means that those who benefit financially from education, or other advantage, contribute in proportion to those benefits.

          • Nick Nack 6.1.2.1.1

            No, it doesn’t. Because obtaining more tertiary education doesn’t necessarily equate to earning higher remuneration.

            A graduated tax system is simply one in which the rate increases as income increases.

            • framu 6.1.2.1.1.1

              “Student debt is not a ‘crushing burden’. It is an entirely fair system that ensures those who most directly benefit from tertiary education pay for it.”

              ” Because obtaining more tertiary education doesn’t necessarily equate to earning higher remuneration.”

              make up your mind nick

              • Nick Nack

                Where’s the contradiction? In fact my point highlights one of the very real problems with Labour’s plan – unless there are strict rules around what courses qualify, there will be people taking courses where there is little or no hope of vocational advantage. That’s how people end up with pieces of paper and no income.

                • Colonial Viper

                  “Vocational advantage”

                  Get a grip mate, this mis-tuned economy can’t generate good graduate jobs as it is.

            • UncookedSelachimorpha 6.1.2.1.1.2

              “A graduated tax system is simply one in which the rate increases as income increases.”

              At present that is true – but you could also have progressive taxation on capital / wealth.

              Even a flat tax on capital / wealth would be a great move in my opinion.

      • Macro 6.1.3

        Stuart

        Gosman and N N do not understand the concept of fairness. That is way too difficult a concept for these moral infants who are still at the developmental stage of 2 year olds.

        • Nick Nack 6.1.3.1

          Oh I understand fairness. Fairness is when a labourer with zero tertiary education doesn’t pay more tax to fund the tertiary education of the kids of a multi-millionaire.

          [lprent: You are comparing two different things here. You are also astroturfing this line without arguing it or making your actual a opinion known. In other words you are trolling. Banned two weeks. ]

          • Stuart Munro 6.1.3.1.1

            Yup

            Fairness is when the multi-billion dollar corporation pays enough tax that he doesn’t have to you plonker.

            • Nick Nack 6.1.3.1.1.1

              Most corporations in NZ do pay their fair share of tax. But then that’s not really what this discussion is about.

              • tinfoilhat

                No I disagree – there is still huge amounts of transfer price manipulation from the likes of Apple and other companies and the banks are notorious for “interesting” tax arrangements as are companies such as facebook who should share profit/tax between country where the service/profit is being made and the country where they are domiciled rather than just in the cheapest tax haven.

                • Nick Nack

                  Do you have any evidence of this actually happening in NZ? The IRD would be very interested.

                  • Stuart Munro

                    The IRD know very well that large foreign corporates – Amazon for instance – contribute little tax in relation to NZ turnover. But NZ businesses are far from scrupulous too – they have abundant opportunities to evade their responsibilities and often do. Corporate share of NZ tax contribution has been declining even as their share of the economy has grown. You should know this stuff.

                    • Macro

                      It’s not in N N’s interest to know this stuff – it gets in the way of his preconceptions, and perverted sense of “fairness”.

              • Draco T Bastard

                Actually, indications are that corporations , along with the rich, dodge taxes as a matter of course to the tune of $1billion to $7 billion.

    • pat 6.2

      Think it would be a reasonable observation that student debt may not be a major driver in graduates leaving NZ but would certainly be a factor in deciding whether to return to NZ , particularly after a debt ignored has grown exponentially due to compounding interest and penalties…..and its worth also noting the admin costs associated with the loans scheme and the inevitable write offs

      • Nick Nack 6.2.1

        If a student receives a free tertiary education in NZ, and then leaves the country, they are contributing nothing towards their education until they return, if they ever do. This works both ways.

        • Stuart Munro 6.2.1.1

          That bastard Rutherford eh. Should’ve stayed at home & worked for the cockies until the cows come home.

          • dv 6.2.1.1.1

            And Maurice WIlkins

          • Nick Nack 6.2.1.1.2

            Rutherford could have stayed working overseas, just so long as he paid back his student loan.

            • Colonial Viper 6.2.1.1.2.1

              You’re a bit of a miserable sod aren’t you? I’m not surprised that you share the exact same attitude as the six figure salary politicians who brought in student fees and student loans, and who keep that system going,and who got their own start in life for sweet fuck all.

              Talk about an elite entitlement syndrome.

          • tinfoilhat 6.2.1.1.3

            I think that’s a fair example Stuart … and there are no doubt many more, but from a purely historical perspective tertiary study was not completely free in Rutherfords time at Canterbury and he was assisted with a scholarship to study at university and did work in NZ for a short time before moving overseas to more famous and better equiped institutions.

            Interestingly the assistance he received as a youth no doubt formed his character which in later years was to lend help to numerous others during the dark years in Europe during the 1930s prior to the second world war.

            • Draco T Bastard 6.2.1.1.3.1

              before moving overseas to more famous and better equiped institutions.

              And that is what we should be building in NZ. Better equipped institutions that will help people to achieve their goals. Instead, we whinge about how much it costs and how much tax we’ll have to pay and so the people who could make NZ great leave.

              • tinfoilhat

                I don’t disagree, are you suggesting less tertiary institutions and more quality ?

                • Draco T Bastard

                  I’m suggesting more quality in the institutions we have and possibly more institutions.

                  • tinfoilhat

                    Does it make sense to have more than two medical schools ?

                    • Draco T Bastard

                      Yes just so long as those medical schools communicate with each other and thus learn from each other.

                      It’s a good idea because you don’t want to end up with the negatives of having too large a school with the inbuilt bias of a single school.

                    • tinfoilhat

                      How many do you think would be the right number ?

                    • Draco T Bastard

                      Generally speaking, I’d like to see one in every major city and possibly some in the larger minor cities. Some larger cities may be better off with two or more such institutions. Schools should be where the population is as much as practicable.

                      This gives access to a broad population base and the ideas that that population would have. With them communicating with each other discoveries made in one are shared with all the rest.

    • Draco T Bastard 6.3

      Student debt is not a ‘crushing burden’.

      Yes it is. Just ask the students.

      It is an entirely fair system…

      No it’s not. The only fair system is a completely free education. The people would then pay for it through the taxes that they pay.

      The benefits of an education accrue to society and not the individual.

      • Stuart Munro 6.3.1

        There may be some exceptions – commerce & law degrees are not inevitably pro-social.

      • weka 6.3.2

        To be fair some people don’t find their student debt to be crushing but NN probably doesn’t know any of the many that do or he is wilfully ignorant about the ones he does.

        • Colonial Viper 6.3.2.1

          The government starts taking money away from low wage earners with a student loan at a $19,000 income threshold.

          That, honestly, is pretty shit.

          So with a 4 day a week job on the minimum wage, clearly not enough to live on to begin with, that worker would have even less because of the mandatory repayment threshold.

          Talk about working poverty, thanks to National and Labour. (Labour had set the threshold at a pathetically low level too, but National made it even worse by a couple of grand of course).

          Of course if you are earning a six figure salary, or close to it, student loan repayments aren’t going to restrict your ability to buy groceries, and you will have it paid off pretty quickly too.

          But that’s what being in the top 10% is all about.

  6. Whispering Kate 7

    First thing we said when the unemployment figures came through today is “it has to have been rigged”. Secondly in our personal situation the reason our ex-pat kid in the US has never come home to stay permanently is that she scans the wages/salary levels on a regular basis and says she couldn’t live on what she would be offered. Also, that job security is worse than useless here, with stink employment protection. Also she regularly scans the real estate here and is staggered at the cost of homes. Food is expensive too in comparison. Homes which are poorly built, mainly not double glazed, kitchen/bathroom fittings just rubbish – we are an under-paid, over-priced housing country and I am pretty sure our situation is common with families throughout NZ.

    • Puckish Rogue 7.1

      🙂

    • Macro 7.2

      Yes same here! We waved good bye to our eldest daughter and g’kids when the Nats changed the ACC provisions for head injury in 2009 – about 100 highly qualified people upped sticks and flew to Australia in search of employment there. They will never return. They can buy a large 4 x 2 home in Oz for half the price here and get paid way more, with extra benefits and super on top.

      • Whispering Kate 7.2.1

        Ours is coming home with her partner in three weeks for one of their frequent holidays and has been away in Europe, China and the US with her job for seventeen years now. We don’t begrudge her not being home one jot, she doesn’t have student debt and why for heavens sake would she come home when she has a beautiful high quality home in the US (427 US dollars) and has not had to worry over job security (so far) but she has sensibly negotiated good contractual conditions of employment. NZ has missed out on her excellence and skills and she is a stat of the brain drain.

        We do absolutely nothing to encourage our young people to stay here – if we do not offer our young people an honest salary which is commensurate with the cost of living, then of course they will go off shore and find it there.

        • Macro 7.2.1.1

          We do absolutely nothing to encourage our young people to stay here – if we do not offer our young people an honest salary which is commensurate with the cost of living, then of course they will go off shore and find it there.

          So very true. I remember with deep irony the Nats 2007 election slogan on billboards across the country.

          Stop waving your loved ones goodbye

          Yet it was precisely their meddling with ACC which led directly to the loss of my son-in-laws business and forced him and his family off-shore.
          So very, very sick that one.

    • Brendon Harre -Left wing Liberal 7.3

      Agreed I have many overseas relatives in that position. Further where I am from -Canterbury the government provides very little vision for building a competitive urban based economy. If you are not part of the rural industry and market town economy -which actually employs very few, the National party are not interested.

      • Draco T Bastard 7.3.1

        If you are not part of the rural industry and market town economy -which actually employs very few, the National party are not interested.

        Labour’s been guilty of that to a large degree as well. They may have been waking up to that fact in 2k7/8 but seem to have lost it since.

        We need to build industries here and stop over-investing in just a few. As an example of such over-investment farming in NZ should be no more than enough to feed everyone in NZ. Exporting farm produce, usually raw, doesn’t actually increase our wealth. In fact, it lowers it as we export the resources needed to maintain those farms resulting in requiring importing cattle feed and fertiliser.

  7. Ad 8

    Labour’s trajectory back into an alternative government in 2017 will depend on continuing to pleasantly surprise us with solid social capital generation. It needs enough building blocks to tell the voting electorate that it’s worth making a change from 5.2% unemployment, low but sustained economic growth, and a spectacularly popular and smart Prime Minister.

    This tertiary policy is a start in that direction.

    There’s little evidence we are headed for any economic collapse sufficient to change the government by itself; losses in one sector appear to be offset by growth in others. And Little ain’t going to win it on charisma. He has huge ground to make up.

    Labour can only convince the unconvinced to vote for them with a Whittaker’s Chocolate of “Good Honest Government” with believable promises more useful for our lives than National’s record.

  8. Wills 45 9

    Yes, I have to agree with some of the more savvy pundits out there. Every time Labour and the Greens announce a crisis the opposite happens. Unemployment being the latest crisis to be turned on its head . Why is Labour not in tune with the real economy here. They are becoming a laughing stock!

    • Anne 9.1

      Why is Labour not in tune with the real economy here. They are becoming a laughing stock!

      Says Wills 45.

      Unemployment has always – I repeat always – dropped at this time of the year due to the high levels of seasonal employment. Come back and try and make the same statement around April/May of this year eh?

      • Wills45 9.1.1

        Labour should keep it up then and by April May it will be lower again. Grant Robinson is not in tune with the real economy and is advising the caucus badly. Between wellington public service issues and gay rights he is just too busy. Out of his depth. Nice guy but not finance material….

  9. Sirenia 10

    Employment can mean employed for only one hour a week. Hardly real employment and certainly not enough to survive on. Yet person considered employed for stats and Government purposes.

    • Stuart Munro 10.1

      Treasury operate from a pitifully low objectivity base.

      Anyone actually governing wants robust numbers that err if anything on the side of scepticism – not the Key kleptocracy of course – they’re only in power for what they can steal.

      Objective unemployment is certainly in double figures. A government that was better than a waste of space would engage with reality, not lie to us.

  10. Tautuhi 11

    Re Overseas Deficit

    Under the Natzis in 6-7 years our overseas deficit has grown from $10,000,000,000.00 to $120,000,000,000.00 this is like my borrowings going from $10,000.00 to $120,000.00 and they make out they are good economic managers?

    If Labour or the Greens had borrowed like this National would be screaming blue murder. By my calculations that is a rise from $2,222.00 per head to $26,666.00 per head of population, where is the money being spent?

    Are we heading down the path of the Celtic Tiger or Greece?

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    6 days ago
  • Rage Bait!
    Hi,Today’s newsletter is all about how easy it is to get sucked into “rage bait” online, and how easy it is to get played.But first I wanted to share something that elicited the exact opposite of rage in me — something that made me feel incredibly proud, whilst also making ...
    David FarrierBy David Farrier
    6 days ago
  • Bernard's Dawn Chorus and pick 'n' mix for Friday, June 14
    Seymour said lower speed limits “drained the joy from life as people were forced to follow rules they knew made no sense.” File Photo: Lynn Grieveson / The KākāTL;DR: My six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty on Friday, June 14 were:The National/ACT/NZ First ...
    The KakaBy Bernard Hickey
    6 days ago
  • Friendly but frank talks with China Premier
    It sounded like the best word to describe yesterday’s talks between Chinese Premier Li Qiang and his heavyweight delegation of Ministers and officials and Prime Minister Christopher Luxon and New Zealand Ministers and officials was “frank.” But it was the kind of frankness that friends can indulge in. It ...
    PolitikBy Richard Harman
    6 days ago
  • Skeptical Science New Research for Week #24 2024
    Open access notables Wildfire smoke impacts lake ecosystems, Farruggia et al., Global Change Biology: We introduce the concept of the lake smoke-day, or the number of days any given lake is exposed to smoke in any given fire season, and quantify the total lake smoke-day exposure in North America from 2019 ...
    6 days ago
  • Join us for the weekly Hoon on YouTube Live
    Photo by Mathias Elle on UnsplashIt’s that new day of the week (Thursday rather than Friday) when we have our ‘hoon’ webinar with paying subscribers to The Kākā for an hour at 5 pm.Jump on this link on YouTube Livestream for our chat about the week’s news with special guests:5.00 ...
    The KakaBy Bernard Hickey
    6 days ago
  • Geoffrey Miller: China’s message to New Zealand – don’t put it all at risk
    Don’t put it all at risk. That’s likely to be the take-home message for New Zealand Prime Minister Christopher Luxon in his meetings with Li Qiang, the Chinese Premier. Li’s visit to Wellington this week is the highest-ranking visit by a Chinese official since 2017. The trip down under – ...
    Democracy ProjectBy Geoffrey Miller
    6 days ago
  • The Real Thing
    I know the feelingIt is the real thingThe essence of the soulThe perfect momentThat golden momentI know you feel it tooI know the feelingIt is the real thingYou can't refuse the embraceNo?Sometimes we face the things we most dislike. A phobia or fear that must be confronted so it doesn’t ...
    Nick’s KōreroBy Nick Rockel
    7 days ago
  • Gordon Campbell on how moderates empower the political right
    Struth, what a week. Having made sure the rural sector won’t have to pay any time soon for its pollution, PM Christopher Luxon yesterday chose Fieldays 2024 to launch a parliamentary inquiry into rural banking services, to see how the banks have been treating farmers faced with high interest rates. ...
    7 days ago
  • Bernard's Dawn Chorus and pick 'n' mix for Thursday, June 13
    In April, 17,656 people left Aotearoa-NZ to live overseas, averaging 588 a day, with just over half of those likely to have gone to Australia. Photo: Photo: Lynn Grieveson / The KākāTL;DR: My six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty on Thursday, June 13 ...
    The KakaBy Bernard Hickey
    7 days ago
  • Our guide to having your say on the draft RLTP 2024
    Auckland’s draft Regional Land Transport Plan (RLTP) 2024 is open for feedback – and you only have until Monday 17 June to submit. Do it! Join the thousands of Aucklanders who are speaking up for wise strategic investment that will dig us out of traffic and give us easy and ...
    Greater AucklandBy Connor Sharp
    7 days ago
  • The China puzzle
    Chinese Premier Li Qiang arrives in Wellington today for a three-day visit to the country. The visit will take place amid uncertainty about the future of the New Zealand-China relationship. Li hosted a formal welcome and then lunch for then-Prime Minister Chris Hipkins in Beijing a year ago. The pair ...
    PolitikBy Richard Harman
    7 days ago
  • Fossil fuels are shredding our democracy
    This is a re-post of an article from the Climate Brink by Andrew Dessler published on June 3, 2024. I have an oped in the New York Times (gift link) about this. For a long time, a common refrain about the energy transition was that renewable energy needed to become ...
    1 week ago
  • Life at 20 kilometres an hour
    We are still in France, getting from A to B.Possibly for only another week, though; Switzerland and Germany are looming now. On we pedal, towards Budapest, at about 20 km per hour.What are are mostly doing is inhaling a country, loving its ways and its food. Rolling, talking, quietly thinking. ...
    More Than A FeildingBy David Slack
    1 week ago
  • Hipkins is still useless
    The big problem with the last Labour government was that they were chickenshits who did nothing with the absolute majority we had given them. They governed as if they were scared of their own shadows, afraid of making decisions lest it upset someone - usually someone who would never have ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Exercising with the IDF.
    This morning I did something I seldom do, I looked at the Twitter newsfeed. Normally I take the approach of something that I’m not sure is an American urban legend, or genuinely something kids do over there. The infamous bag of dog poo on the front porch, set it on ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Helm Hammerhand Anime: First Pictures and an Old English ‘Hera’
    We have some news on the upcoming War of the Rohirrim anime. It will apparently be two and a half hours in length, with Peter Jackson as Executive Producer, and Helm’s daughter Hera will be the main character. Also, pictures: The bloke in the middle picture is Freca’s ...
    1 week ago
  • Farmers get free pass on climate AND get subsidies
    The cows will keep burping and farting and climate change will keep accelerating - but farmers can stop worrying about being included in the ETS. Photo: Lynn Grieveson / The KākāTL;DR: My six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty on Wednesday, June 12 were:The ...
    The KakaBy Bernard Hickey
    1 week ago
  • Six ideas to secure Te Huia’s Future
    This is a guest post by our friend Darren Davis. It originally appeared on his excellent blog, Adventures in Transitland, which features “musings about public transport and other cool stuff in Aotearoa/ New Zealand and around the globe.” With Te Huia now having funding secure through to 2026, now is ...
    Greater AucklandBy Darren Davis
    1 week ago
  • The methane waka sinks
    In some ways, there may be less than meets the eye to the Government announcement yesterday that the He Waka Eke Noa proposal for farmers to pay for greenhouse gas emissions has been scrapped. The spectre of farmers still having to pay at some point in the future remains. That, ...
    PolitikBy Richard Harman
    1 week ago
  • At a glance – Does positive feedback necessarily mean runaway warming?
    On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
    1 week ago
  • Climate Change: Farmers get what they wanted – for now
    Since entering office, National has unravelled practically every climate policy, leaving us with no effective way of reducing emissions or meeting our emissions budgets beyond magical thinking around the ETS. And today they've announced another step: removing agriculture entirely. At present, following the complete failure of he waka eka noa, ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Presumed Innocent?
    The blue billionaireDistraction no interactionOr movement outside these glazed over eyesThe new great divideFew fight the tide to be glorifiedBut will he be satisfied?Can we accept this without zoom?The elephant in the roomNot much happens in politics on a Monday. Bugger all in fact. Although yesterday Christopher Luxon found he ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Gordon Campbell on our doomed love affair with oil and gas
    What if New Zealand threw a fossil fuel party, and nobody came? On the weekend, Resources Minister Shane Jones sent out the invitations and strung up the balloons, but will anyone really want to invest big time in resuming oil and gas exploration in our corner of the planet? Yes, ...
    WerewolfBy lyndon
    1 week ago
  • Building better housing insights
    This is a guest post by Meredith Dale, senior urban designer and strategist at The Urban Advisory. There’s a saying that goes something like: ‘what you measure is what you value’. An RNZ article last week claimed that Auckland was ‘hurting’ because of a more affordable supply of homes, particularly townhouses ...
    Greater AucklandBy Guest Post
    1 week ago
  • Putin would be proud of them
    A Prime Minister directs his public service to inquire into the actions of the opposition political party which is his harshest critic. Something from Orban's Hungary, or Putin's Russia? No, its happening right here in Aotearoa: Prime Minister Christopher Luxon has announced the Public Service Commission will launch an ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Resources for debunking common solar and wind myths
    This is a repost from a Yale Climate Connections article by SueEllen Campbell published on June 3, 2024. The articles listed can help you tell fact from fiction when it comes to solar and wind energy. Some statements you hear about solar and wind energy are just plain false. ...
    1 week ago
  • Juggernaut
    Politics were going on all around us yesterday, and we barely noticed, rolling along canal paths, eating baguettes. It wasn’t until my mate got to the headlines last night that we learned there had been a dismayingly strong far right result in the EU elections and Macron had called a ...
    More Than A FeildingBy David Slack
    1 week ago
  • Numbers Game.
    Respect Existence, Or Expect Resistance? There may well have been 50,000 pairs of feet “Marching For Nature” down Auckland’s Queen Street on Saturday afternoon, but the figure that impresses the Coalition Government is the 1,450,000 pairs of Auckland feet that were somewhere else.IN THE ERA OF DRONES and Artificial Intelligence, ...
    1 week ago
  • Media Link: AVFA on post-colonial blowback.
    Selwyn Manning and I discuss varieties of post colonial blowback and the implications its has for the rise of the Global South. Counties discussed include Palestine/Israel, France/New Caledonia, England/India, apartheid/post-apartheid South Africa and post-colonial New Zealand. It is a bit … Continue reading ...
    KiwipoliticoBy Pablo
    1 week ago
  • Policy by panic
    Back in March, Ombudsman Peter Boshier resigned when he hit the statutory retirement age of 72, leaving the country in the awkward (and legally questionable) position of having him continue as a temporay appointee. It apparently took the entire political system by surprise - as evinced by Labour's dick move ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • PSA: NZ's Richest Company, Zuru, Sucks
    Hi,Today the New Zealand press is breathlessly reporting that the owners of toy company Zuru are officially New Zealand’s wealthiest people: Mat and Nick Mowbray worth an estimated $20 billion between them.While the New Zealand press loses its shit celebrating this Kiwi success story, this is a Webworm reminder that ...
    David FarrierBy David Farrier
    1 week ago
  • Bernard's Dawn Chorus and pick 'n' mix for Monday, June 10
    TL;DR: The six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty in the past day to 8:36 pm on Monday, June 10 were:20,000 protested against the Fast-track approval bill on Saturday in Auckland, but PM Christopher Luxon says ‘sorry, but not sorry’ about the need for ...
    The KakaBy Bernard Hickey
    1 week ago
  • In Defence of Kāinga Ora
    Given the headlines around the recent findings of the ‘independent’ review of Kāinga Ora by Bill English, you might assume this post will be about social housing, Kāinga Ora’s most prominent role. While that is indeed something that requires defending, I want to talk about the other core purpose of ...
    Greater AucklandBy Connor Sharp
    1 week ago
  • Baby You're A Rich Man
    “How does it feel to beOne of the beautiful peopleNow that you know who you areWhat do you want to beAnd have you traveled very far?Far as the eye can see”Yesterday the ACT party faithful were regaled with craven boasts, sneers, and demands for even more at their annual rally.That ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Stopping a future Labour government from shutting down gas exploration
    A defiant Resources Minister Shane Jones has responded to Saturday’s environmental protests by ending Labour’s offshore oil exploration ban and calling for long-term contracts with any successful explorers. The purpose would be to prevent a future Labour Government from reversing any licence the explorers might hold. Jones sees a precedent ...
    PolitikBy Richard Harman
    1 week ago
  • 2024 SkS Weekly Climate Change & Global Warming News Roundup #23
    A listing of 32 news and opinion articles we found interesting and shared on social media during the past week: Sun, June 2, 2024 thru Sat, June 8, 2024. Story of the week Our Story of the Week is Yale Climate Connection's Resources for debunking common solar and wind myths, by ...
    1 week ago
  • Fission by the river
    This is where we ate our lunch last Wednesday. Never mind your châteaux and castles and whatnot, we like to enjoy a baguette in the shadow of a nuclear power plant; a station that puts out more than twice as much as Manapouri using nothing more than tiny atoms to bring ...
    More Than A FeildingBy David Slack
    2 weeks ago

  • Prime Minister wraps up visit to Japan
    Prime Minister Christopher Luxon has just finished a successful three-day visit to Japan, where he strengthened political relationships and boosted business links. Mr Luxon’s visit culminated in a bilateral meeting with Japanese Prime Minister Kishida Fumio followed by a state dinner. “It was important for me to meet Prime Minister Kishida in person ...
    BeehiveBy beehive.govt.nz
    3 hours ago
  • Major business deals signed on PM’s Japan trip
    Significant business deals have been closed during the visit of Prime Minister Christopher Luxon to Japan this week, including in the areas of space, renewable energy and investment.  “Commercial deals like this demonstrate that we don’t just export high-quality agricultural products to Japan, but also our world-class technology, expertise, and ...
    BeehiveBy beehive.govt.nz
    12 hours ago
  • Strategic Security speech, Tokyo
    Minasan, konnichiwa, kia ora and good afternoon everyone. Thank you for the invitation to speak to you today and thank you to our friends at the Institute for International Socio-Economic Studies and NEC for making this event possible today.  It gives me great pleasure to be here today, speaking with ...
    BeehiveBy beehive.govt.nz
    12 hours ago
  • National Infrastructure Pipeline worth over $120 billion
    The National Infrastructure Pipeline, which provides a national view of current or planned infrastructure projects, from roads, to water infrastructure, to schools, and more, has climbed above $120 billion, Infrastructure Minister Chris Bishop says. “Our Government is investing a record amount in modern infrastructure that Kiwis can rely on as ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Making it easier to build infrastructure
    The Government is modernising the Public Works Act to make it easier to build infrastructure, Minister for Land Information Chris Penk announced today. An independent panel will undertake an eight-week review of the Act and advise on common sense changes to enable large scale public works to be built faster and ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • NZ enhances North Korea sanctions monitoring
    New Zealand will enhance its defence contributions to monitoring violations of sanctions against North Korea, Prime Minister Christopher Luxon announced today.  The enhancement will see the New Zealand Defence Force (NZDF) increase its contributions to North Korea sanctions monitoring, operating out of Japan. “This increase reflects the importance New Zealand ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Speech to Safeguard National Health and Safety Conference
    Good afternoon everyone. It’s great to be with you all today before we wrap up Day One of the annual Safeguard National Health and Safety Conference. Thank you to the organisers and sponsors of this conference, for the chance to talk to you about the upcoming health and safety consultation. ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Ōtaki to north of Levin alliance agreements signed
    Transport Minister Simeon Brown has welcomed an important milestone for the Ōtaki to north of Levin Road of National Significance (RoNS), following the NZ Transport Agency (NZTA) signing interim alliance agreements with two design and construction teams who will develop and ultimately build the new expressway.“The Government’s priority for transport ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Improvements to stopping Digital Child Exploitation
    The Department of Internal Affairs [Department] is making a significant upgrade to their Digital Child Exploitation Filtering System, which blocks access to websites known to host child sexual abuse material, says Minister of Internal Affairs Brooke van Velden.  “The Department will incorporate the up-to-date lists of websites hosting child sexual ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New vaccine research aims to combat prevalent bovine disease
    A vaccine to prevent an infectious disease that costs New Zealand cattle farmers more than $190 million each year could radically improve the health of our cows and boost on-farm productivity, Associate Agriculture Minister Andrew Hoggard says. The Ministry for Primary Industries is backing a project that aims to develop ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Making it easier to build granny flats
    The Government has today announced that it is making it easier for people to build granny flats, Acting Prime Minister Winston Peters and RMA Reform Minister Chris Bishop say. “Making it easier to build granny flats will make it more affordable for families to live the way that suits them ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • High Court Judge appointed
    Attorney-General Judith Collins today announced the appointment of Auckland King’s Counsel Gregory Peter Blanchard as a High Court Judge. Justice Blanchard attended the University of Auckland from 1991 to 1995, graduating with an LLB (Honours) and Bachelor of Arts (English). He was a solicitor with the firm that is now Dentons ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Health workforce numbers rise
    Health Minister Dr Shane Reti says new data released today shows encouraging growth in the health workforce, with a continued increase in the numbers of doctors, nurses and midwives joining Health New Zealand. “Frontline healthcare workers are the beating heart of the healthcare system. Increasing and retaining our health workforce ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government to overhaul firearms laws
    Associate Justice Minister Nicole McKee has today announced a comprehensive programme to reform New Zealand's outdated and complicated firearms laws. “The Arms Act has been in place for over 40 years. It has been amended several times – in a piecemeal, and sometimes rushed way. This has resulted in outdated ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government delivers landmark specialist schools investment
    The coalition Government is delivering record levels of targeted investment in specialist schools so children with additional needs can thrive. As part of Budget 24, $89 million has been ringfenced to redevelop specialist facilities and increase satellite classrooms for students with high needs. This includes: $63 million in depreciation funding ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Major health and safety consultation begins
    A substantial consultation on work health and safety will begin today with a roadshow across the regions over the coming months, says Workplace Relations and Safety Minister Brooke van Velden.  This the first step to deliver on the commitment to reforming health and safety law and regulations, set out in ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Growing the potential of New Zealand’s forestry sector in partnership
    Forestry Minister Todd McClay, today announced the start of the Government’s plan to restore certainty and confidence in the forestry and wood processing sector. “This government will drive investment to unlock the industry’s economic potential for growth,” Mr McClay says. “Forestry’s success is critical to rebuilding New Zealand’s economy, boosting ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government cancels forestry ETS annual service charges for 2023-24
    Annual service charges in the forestry Emissions Trading Scheme (ETS) will be cancelled for 2023/24, Forestry Minister Todd McClay says. “The sector has told me the costs imposed on forestry owners by the previous government were excessive and unreasonable and I agree,” Mr McClay says. “They have said that there ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to the LGNZ Infrastructure Symposium
    Introduction Thank you for having me here today and welcome to Wellington, the home of the Hurricanes, the next Super Rugby champions. Infrastructure – the challenge This government has inherited a series of big challenges in infrastructure. I don’t need to tell an audience as smart as this one that ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government boosts Agriculture and food trade with China
    Trade and Agriculture Minister Todd McClay and Food Safety Minister Andrew Hoggard welcomed outcomes to boost agricultural and food trade between New Zealand and China. A number of documents were signed today at Government House that will improve the business environment between New Zealand and China, and help reduce barriers, including on infant formula ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • NZ and China launch Services Trade Negotiations
    Trade Minister Todd McClay, and China’s Commerce Minister Wang Wentao, today announced the official launch of Negotiations on Services Trade between the two countries.  “The Government is focused on opening doors for services exporters to grow the New Zealand’s economy,” Mr McClay says.  As part of the 2022 New Zealand-China Free Trade Agreement Upgrade ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Prime Minister Luxon meets with Premier Li
    Prime Minister Christopher Luxon met with Chinese Premier Li Qiang at Government House in Wellington today.  “I was pleased to welcome Premier Li to Wellington for his first official visit, which marks 10 years since New Zealand and China established a Comprehensive Strategic Partnership,” Mr Luxon says. “The Premier and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government and business tackling gender pay gap
    The coalition Government is taking action to reduce the gender pay gap in New Zealand through the development of a voluntary calculation tool. “Gender pay gaps have impacted women for decades, which is why we need to continue to drive change in New Zealand,” Acting Minister for Women Louise Upston ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Funding Boost for Rural Support Trusts
    The coalition Government is boosting funding for Rural Support Trusts to provide more help to farmers and growers under pressure, Rural Communities Minister Mark Patterson announced today. “A strong and thriving agricultural sector is crucial to the New Zealand economy and one of the ways to support it is to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Latest data shows size of public service decreasing
    Spending on contractors and consultants continues to fall and the size of the Public Service workforce has started to decrease after years of growth, according to the latest data released today by the Public Service Commission. Workforce data for the quarter from 31 December 23 to 31 March 24 shows ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Speech to the Law Association
    Thank you to the Law Association for inviting me to speak this morning. As a former president under its previous name — the Auckland District Law Society — I take particular satisfaction in seeing this organisation, and its members, in such good heart. As Attorney-General, I am grateful for these ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • 25 years on, NZ reaffirms enduring friendship with Timor Leste
    New Zealand is committed to working closely with Timor-Leste to support its prosperity and resilience, Foreign Minister Winston Peters says.   “This year is the 25th anniversary of New Zealand sending peacekeepers to Timor-Leste, who contributed to the country’s stabilisation and ultimately its independence,” Mr Peters says.    “A quarter ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Inquiry requested into rural banking
    Promoting robust competition in the banking sector is vital to rebuilding the economy, Finance Minister Nicola Willis says.  “New Zealanders deserve a banking sector that is as competitive as possible. Banking services play an important role in our communities and in the economy. Kiwis rely on access to lending when ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Ministry for Regulation targets red tape to keep farmers and growers competitive
    Regulation Minister David Seymour, Environment Minister Penny Simmonds, and Food Safety Minister Andrew Hoggard have today announced a regulatory sector review on the approval process for new agricultural and horticultural products.    “Red tape stops farmers and growers from getting access to products that have been approved by other OECD countries. ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Government to reverse blanket speed limit reductions
    The Coalition Government will reverse Labour’s blanket speed limit reductions by 1 July 2025 through a new Land Transport Rule released for public consultation today, Transport Minister Simeon Brown says.  The draft speed limit rule will deliver on the National-ACT coalition commitment to reverse the previous government’s blanket speed limit ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Chair appointments for NZSO, CNZ and NZ On Air
    Minister Paul Goldsmith is making major leadership changes within both his Arts and Media portfolios. “I am delighted to announce Carmel Walsh will be officially stepping into the role of Chair of the New Zealand Symphony Orchestra, having been acting Chair since April,” Arts Minister Paul Goldsmith says.  “Carmel is ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Government focus on long-term food, fibre growth
    Food and fibre export revenue is tipped to reach $54.6 billion this year and hit a record $66.6b in 2028 as the Government focuses on getting better access to markets and cutting red tape, Agriculture Minister Todd McClay and Oceans and Fisheries Minister Shane Jones say. “This achievement is testament ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Govt consulting on cutting red tape for exporters
    A new export exemption proposal for food businesses demonstrates the coalition Government’s commitment to reducing regulatory barriers for industry and increasing the value of New Zealand exports, which gets safe New Zealand food to more markets, says Food Safety Minister Andrew Hoggard.  “The coalition Government has listened to the concerns ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand and Philippines elevating relationship
    New Zealand and Philippines are continuing to elevate our relationship, Foreign Minister Winston Peters says.   “The leaders of New Zealand and Philippines agreed in April 2024 to lift our relationship to a Comprehensive Partnership by 2026,” Mr Peters says. “Our visit to Manila this week has been an excellent ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Paid Parental Leave increase to help families
    Workplace Relations and Safety Minister, Brooke van Velden says paid parental leave increase from 1 July will put more money in the pockets of Kiwi parents and give them extra support as they take precious time off to bond with their newborns. The increase takes effect from 1 July 2024 ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Defence increases UN Command commitment
    The number of New Zealand Defence Force (NZDF) personnel deployed to the Republic of Korea is increasing, Defence Minister Judith Collins and Foreign Minister Winston Peters announced today.  NZDF will deploy up to 41 additional personnel to the Republic of Korea, increasing the size of its contribution to the United ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand to attend 'Summit on Peace in Ukraine' in Switzerland
    New Zealand will be represented at the Summit on Peace in Ukraine by Minister Mark Mitchell in Switzerland later this week.    “New Zealand strongly supports Ukraine’s efforts to build a comprehensive, just, and lasting peace,” Foreign Minister Winston Peters says.   “Minister Mitchell is a senior Cabinet Minister and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Big step forward for M.bovis programme
    Farmers’ hard work is paying off in the fight against Mycoplasma bovis (M. bovis) with the move to a national pest management plan marking strong progress in the eradication effort, says Biosecurity Minister Andrew Hoggard.  “The plan, approved by the Coalition Government, was proposed by the programme partners DairyNZ, Beef ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Build To Rent opening welcomed by Housing Minister
    Prime Minister Christopher Luxon and Housing Minister Chris Bishop formally opened a new Build to Rent development in Mt Wellington this morning. “The Prime Minister and I were honoured to cut the ribbon of Resido, New Zealand’s largest Build to Rent development to date.  “Build to Rent housing, like the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Agriculture to come out of the ETS
    The Government will deliver on its election commitment to take agriculture out of the New Zealand Emissions Trading Scheme (NZ ETS) and will establish a new Pastoral Sector Group to constructively tackle biogenic methane, Coalition Government Agriculture and Climate Change Ministers say. Agriculture Minister Todd McClay says New Zealand farmers ...
    BeehiveBy beehive.govt.nz
    1 week ago

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