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Exchange rate hikes killing NZ industry and jobs

Written By: - Date published: 2:48 pm, July 22nd, 2014 - 42 comments
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Bank-paid economists are predicting the Reserve Bank will again raise benchmark interest rates on Thursday. This may be good for the banks and the currency markets but it is bad news for New Zealand farming exporters and for high-end manufacturing jobs. Our interest rates are among the highest in a world awash with money after quantitative easing in Europe and the US. The CTU has called for a pause, and listed manufacturing jobs lost in the past couple of years because of the exchange rate.

The list of jobs lost where the exchange rate was quoted as a significant factor is here

• 17 July 2014, 36 job losses proposed at Auckland high tech manufacturer, Buckley Systems, citing the exchange rate.

• 19 May 2014, Fitzroy Engineering in Taranaki lays off 28 staff saying the “strong New Zealand dollar” was a factor along with competition for work in Australia. Managing Director Richard Ellis said he’d seen little evidence that Taranaki or the rest of New Zealand had a “rockstar economy”.

• 24 April 2014, Dunedin sawmiller Southern Cross Forest Products announces it is to shed 79 jobs with the closure of its mill in Rosebank, Balclutha, and cuts at other South Island operations. Log prices are a factor.

• 12 April 2012, Christchurch Yarns in receivership, 85 workers expected to be made redundant, resulting from a downturn in orders, particularly in Australia, and the high New Zealand dollar.

• 16 January 2014, New Plymouth-based Fitzroy Yachts, which employs around 120 people, announces it will close its doors. Executive director of the NZ Marine Industry Association Peter Busfield said the high dollar was biting boat builders and other exporters.

• 31 December 2013, SCA Hygiene Australasia finally closes its tissue manufacturing line at its Te Rapa plant having been winding it down over the previous four months, with 140 employees made redundant. A subsidiary of Swedish business Svenska Cellulosa, the company’s Australasian president Peter Diplaris said the decision came down to a challenging market environment and pressure from imports.

• 13 November 2013, 30 staff at Metso New Zealand in Matamata are made redundant after a head office decision in Finland to move more manufacturing to India. The Matamata operation specialised in vertical shaft impact rock crushing equipment and related services for mining and construction. In the past five years staff numbers had been chopped from 133 to 30.

• 19 October 2013, major Rotorua employer Tachikawa Forest Products is placed into receivership, jeopardising 120 jobs. Robert Reid, General Secretary of the FIRST Union which represents two-thirds of the workers says “This receivership comes on top of a continuing contraction of wood processing firms and jobs in New Zealand. The high New Zealand dollar, the high price of logs and the lacking government procurement strategy around both the Canterbury rebuild and government house building programmes see the continuation of raw logs being exported across our wharves while workers lose their jobs in the sector.”

• 23 August 2013, Air New Zealand announces it will axe 180 jobs. Engineering, Printing and Manufacturing Union (EPMU) assistant director of organising Strachan Crang says the airline’s engineers had worked hard to remain productive. However, unless the dollar fell under US70c it would be impossible to remain competitive against cheaper Asian engineering facilities. ”Over the past three years they’ve delivered productivity gains in the double figures but this has all been eaten away by the high value of the New Zealand dollar”.

The CTU is calling for the Reserve Bank to have a wider range of objectives in its mandate. This is also Labour Party policy.

 

42 comments on “Exchange rate hikes killing NZ industry and jobs”

  1. tsmithfield 1

    Manufacturing seems to be doing fine despite the dollar.

    A high dollar can actually be beneficial for manufacturers in many instances as it allows them to bring in capital plant at much cheaper prices while the dollar is high. Also, a high dollar keeps other imported costs low (e.g. fuel for instance).

    • McFlock 1.1

      Riiiight.

      And overseas-owned consultants in the financial services sector wouldn’t have a vested interest in polishing the high-dollar turd as the election approached.

      I wonder whether their barely-optimistic outlook included dairy. That always skews the manufacturing results if it’s included.

      • tsmithfield 1.1.1

        So why should it be excluded? Dairy exports are affected by the high dollar as much as anything else. Manufacturing can succeed in high currency environments. Germany for example.

        • McFlock 1.1.1.1

          Because dairy is an unsustainable looting of the land and our waterways which, as lprent has pointed out, is about to be flooded by competitors as places like china crank up production. More cheaply than here, because of the high dollar.

          Not to mention the fact that including it in “manufacturing” (i.e. “making stuff with added value”) in the first place is a tad misleading, imo.

          Germany works largely on quality and a skilled workforce, and is in the middle of its major market. After reaming the education sector for thirty years and the logistics costs, the high dollar is the nail in the imported coffin.

        • henry james 1.1.1.2

          The reason the manufacturing industry in Germany is a success, is because all capital equipment purchases in Germany are tax deductible.

          Unfortunately we have political parties in NZ running around promoting winner picking policies – ala the Greens and their batshit crazy idea of green industry – which has proven to be a failure everywhere.

          Come on Labour, get behind your traditional base, the manufacturer and their employees and make all capital purchases of plant tax deductible.

          It will win the election for Labour and guarantee a huge lift in the manufacturing industry and jobs.

          • mikesh 1.1.1.2.1

            “Come on Labour, get behind your traditional base, the manufacturer and their employees and make all capital purchases of plant tax deductible.”

            Capital purchases are already tax deductible through the depreciation allowance.

            • henry james 1.1.1.2.1.1

              You know what I mean.

              Make them fully tax deductible in the Fiscal Year of purchase, as they are in Germany.

              That’s what will create, growth, innovation, foreign companies setting up here and, of course, employment.

          • Tracey 1.1.1.2.2

            “batshit crazy” is ignoring enormous opportunities within our economy and without.

            The “green” economy is one proposed aspect we ignore at our peril and allow others to make the money of this potentially trillion dollar industry worldwide.

            http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11226251

            “There was the Hawkes Bay manufacturing company that took part in a three-year waste minimisation programme and saved more than $400,000 each year.

            Or the Christchurch electronics firm that identified a major source of waste in expensive and hazardous circuit paste, and with simple handling changes reduced staff exposure to it and saved $56,000 a year.

            And then there was the Northland company prosecuted and fined for a series of environmental offences, horrifying the directors so much they demanded to be paid out.

            The company was snapped up by an overseas enterprise, prompting one of its Auckland peers to roll out a new environmental training programme for staff.

            Within four years, its turnover had tripled.”

            Yup, those sorts of savings to bottom lines don’t secure jobs, create new ones, pay taxes or help the economy.

            KPMG report and government ocmparissons. China is leading the world on Climate change initiatives

            https://www.kpmg.com/UA/en/IssuesAndInsights/ArticlesPublications/Documents/KPMG-ENR-Sustainability-Taxes-and-Incentives.pdf

            “Investment in clean technology yields 4 times more jobs than investment in Oil and yields better-paid jobs. While jobs in the fossil fuel economy were lost during the financial crisis, job growth in the green economy remained strong. ”

            Stop thinking with blinkers on. It’s possible to do more than one thing at once.

            • henry james 1.1.1.2.2.1

              You have perfectly illustrated why the market can sort out the wheat from the chaff when it comes to green jobs/initiatives.

              Anywhere the government has been involved in picking winners in the green “economy” has been an unmitigated disaster.

              My proposal is that the government makes a policy setting that allows ALL businesses and their owners to make the decision on whether the green “economy” is right for them, or whether any other line of enterprise is right for them. The risk of failure is entirely on the business owners, not middle-class taxpayers, who can least afford it.

              • Colonial Viper

                Get with the programme and cut your crap proposal.

                Govt is the only entity in NZ willing and capable of taking high levels of forward risk, with payback which may not happen for 10 years or 20 years.

                Anywhere the government has been involved in picking winners in the green “economy” has been an unmitigated disaster.

                More BS. Just looking at the hydro that the NZ Govt built throughout the 20th century says that you are full of shit.

                • henry james

                  What a charming person you seem to be mr colonial. I have seen your name around the traps online and it seems to be usually associated with a fair amount of bile. It is you and your ilk that is turning traditional voters away from the left in NZ.

                  My proposal is not crap. It works extremely successfully in Germany, where they are a manufacturing powerhouse of quality goods. Can you refute this?

                  My proposal is also about making the government not the only entity in NZ capable of taking that forward risk. Maybe you are too full of bile and invective to see that.

                  Look at Xero for instance, it is a company that is trying to build on forward risk, continually using shareholders money to build a profitable entity. One reason they can do this, is that much of their expenditure is tax deductible, as they have a high percentage of expenditure in human capital, rather than infrastructure.

                  Why not give all businesses the same opportunity to grow.

                  • Colonial Viper

                    My proposal is not crap. It works extremely successfully in Germany, where they are a manufacturing powerhouse of quality goods. Can you refute this?

                    Oh FFS where did the money to rebuild German industry come from, if not from the US Gov and US tax payers?

                    Learn some history before spouting more crap.

                    <

                    blockquote>Look at Xero for instance, it is a company that is trying to build on forward risk, continually using shareholders money to build a profitable entity. One reason they can do this, is that much of their expenditure is tax deductible<?

                    <

                    blockquote>

                    Xero’s main success is in big funding rounds premised on short term expectations of even bigger funding rounds next year. So what does that have to do with the long term Green Economy.

                    • henry james

                      Oh dear, one way to twist an argument..

                      I know full well where the money came from to rebuild Germany post WW2, being a lot older than you, my friend.

                      That is not the point of my argument. The main reason that German industry is so competitive and powerful today is that they can invest and innovate much more freely, due to the fact that capital purchases are tax deductible in the year of purchase.

                      Why are you against making our manufacturing industry as strong as the German one?

                      Is it because we would be seen to be giving a tax reduction to business?

                      The success of Xero’s share price is because of big capital funding rounds. The success of their business is because they have developed a product that the market wants. Significant difference between the two. Do understand the difference, rather than being abusive.

                      Also note, that Xero’s share price is falling sharply, to reflect the true value of the business, not expected forward funding.

                    • Colonial Viper

                      I know full well where the money came from to rebuild Germany post WW2, being a lot older than you, my friend.

                      When things looked at their worst for their economy (post Weimar Republic as well as post WWII), only government money and government planning rebuilt German industry. Not the private sector. That’s the point.

                      The main reason that German industry is so competitive and powerful today is that they can invest and innovate much more freely, due to the fact that capital purchases are tax deductible in the year of purchase.

                      Fine. I’m happy to go the whole hog with you on adopting lessons from German manufacturing then.

                      • High levels of unionisation
                      • Worker representatives on company boards
                      • Heavy regulations on offshoring manufacturing work and manufacturing plants
                      • Aggressive pro-exporter foreign exchange regime
                      • Massive German Govt support for technical, engineering and scientific universities.

                      So you better back these or be shown to be yet another neoliberal pro-tax cuts troll.

                    • henry james

                      Ah, so it is ideological, considering you won’t look at one policy in isolation, and want to bring in other policies, just because someone else is doing them too…

                      In fact, German and NZ unionisation levels are about the same, and have been so for years, in fact, the German rate is slightly below the NZ rate, according to the OECD. I used to think they had heavy unionisation until I worked there. The unions are very weak outside the big companies and operate with a wholly different philosophy to that which is in NZ.

                      I could potentially agree with having Union/employee reps on company boards, but it would need a fundamental change in the union operating methodology here, including a clean-out of much of the established union leadership.

                      Since the implementation of the Euro, there isn’t the manipulation/control of the currency that they once had under the DM, whilst they do have some control, as the Euro is still effectively tied to the old DM.

                      Totally agree with our universities being supported and directed towards the STEM industries and away from many of the totally useless courses they’re currently promoting, just for bums on seats.

                    • henry james

                      Ah, so it is ideological, considering you won’t look at one policy in isolation, and want to bring in other policies, just because someone else is doing them too…

                      In fact, German and NZ unionisation levels are about the same, and have been so for years, in fact, the German rate is slightly below the NZ rate, according to the OECD. I used to think they had heavy unionisation until I worked there. The unions are very weak outside the big companies and operate with a wholly different philosophy to that which is in NZ.

                      I could potentially agree with having Union/employee reps on company boards, but it would need a fundamental change in the union operating methodology here, including a clean-out of much of the established union leadership.

                      Since the implementation of the Euro, there isn’t the manipulation/control of the currency that they once had under the DM, whilst they do have some control, as the Euro is still effectively tied to the old DM.

                      Totally agree with our universities being supported and directed towards the STEM industries and away from many of the totally useless courses they’re currently promoting, just for bums on seats.

              • Tracey

                You mean like it was left to owners to make sure the mine at Pike River was safe? or the forestry companies to make sure its workers were safe?

                I detect a concern Troll. You pretending you read the linked reports now?

                “Come on Labour, get behind your traditional base, the manufacturer and their employees and make all capital purchases of plant tax deductible.”

                The market says yes aye HJ?

                The reason NZ is so well based in sustainable energy is BECAUSE of Government decisions doofus, not instead of.

                • henry james

                  The inability to deduct capital expenditure had nothing to do with Pike River. In fact, it could be argued that it contributed, as they were paying tax against assets, rather than freeing up capital to invest in more safety systems. But I’m not here to politicise the deaths of 29 good men.

                  So, anyone that is disagreeing with the direction of the party is called a troll, for floating potentially a game changing policy.

                  Any wonder the polls are heading in one direction alone.

                  I shake my head at what I used to vote for has become.

                  I guess I’ll be joining the 800,000 on the sidelines this year….

                  [lprent: Nope. You usually get called a troll when people disagree with you and consider that you might be just pumping astroturf lines. They often say it to draw my attention to a newcomer for a bit of attention. You usually disprove them by :-

                  1. Saying things that show intelligence and an awareness of what other people are saying.
                  2. Not whining about being called a name. I find that irritating squealing to be an attempt to try to change the rules of this site.

                  But you know all this. You have been here several times under several pseudonyms. Having read your comments, I’m generally inclined towards the view that you may not be a troll. Just a arrogant shithead jerk with an over inflated sense of your own self-importance, a inability to ever read what other people are saying, and a near complete unawareness of how this country operates.

                  I’d suggest rereading the policy again might be a good start on your search fro clarity about how this site runs. ]

                  • henry james

                    Wow, how ironic, someone who regularly points out how great a Sysop they are saying someone else has an over inflated sense of their own self-importance.

                  • Tracey

                    I am not politicising the pike river deaths, i am telling you what tge report found cos i read it. Corner cutting by employers who could afford to not cut corners but chose to save money, presumably due to pressure to profit for shareholders.

                    As for Zero, they arent a manufacturer

                    • henry james

                      Not sure how well you read, or more importantly understood the report into the PRC mine disaster.

                      The primary reason behind a lack of safety systems was a lack of money, not to save money and not to profit shareholders, as they had not dug an Oz. of coal out of the ground when those decisions were not made.

                      They did not have the money to spend on adequate ventilation and robust warning systems, that is not to say that should have been operating either. The mine should not have been operating, it should never had been allowed to commence production in the state it was in. PRC should have been effectively made to go back to their shareholders for more capital, such that they could make the mine safe.

                      Oh, if you want to be pedantic, Xero is not a manufacturing company in the purist sense. But they do have capital infrastructure costs. They could also have more, generating more employment, if there were policies in place such as those I describe.

                      Right now, Xero offshore all their hosting to overseas, directly in contravention of IRD policy, although, I believe they got some kind of dispensation. If we had a server farm in NZ, Xero could hold their hosting here, they could even operate their own servers – but they choose not too, because their hosting costs are directly tax deductible, yet for them to build a data centre here is not….

              • greywarbler

                henry j 9.41
                Anywhere the government has been involved in picking winners in the green “economy” has been an unmitigated disaster.

                Don’t repeat your mantras and trite sayings here. It isn’t true. Obviously. No-one who makes firm statements that something is absolute can be believed, so using ‘Anywhere’ is a sure sign that what follows will show no concern for actual facts. Talking derisively about ‘picking winners’ is another bad sign – a repetitive catchphrase used by those with a mind saturated in market propaganda and probably pickled in alcohol.

                I like this quote read recently. This is as good a place to put it as any, and ensures that something useful arises out of here.

                The errors of a theory are rarely to be found in what it asserts explicitly; they hide in what it ignores or tacitly assumes. Kahneman
                (K got the Nobel Prize in economics although he is a psychologist.)

              • aerobubble

                Blinkers. Markets work sometimes and sometimes they fail. You seem incapable of understanding that. Sometimes Government build Green hydro dams, etc. Sometime Industry provides solutions. But mostly our private market solutions have come out of publicly funded research in the western nations over thirty years. Its take thirty years to deliver a new technology to market. Its took a roading network to create the fast food market and super market distribution networks. At the base of all industries is government research and investment in infrastructure.

                Sorry, only a free market buffoon believes government has no part in growth of the economy.

                • aerobubble

                  Only old industries and the already rich are serviced by less government, its the only way they can maintain their profitability, i.e. by limiting future growth to maintain their niche control. Fear drives the National party ideology, its the same for all fascists, fear is the reason for their ultra conservatism.

              • KJT

                “Picking winners” seems to have worked fine for our dairy industry.

      • john 1.1.2

        Statistics NZ says “The volume of sales, excluding meat and dairy product manufacturing, rose 0.7 percent in the March 2014 quarter. This follows a 0.8 percent rise in the December 2013 quarter. ”

        So manufacturing was actually increasing at a healthy rate over the period of the cherry picked doom and gloom list above.

        Similarly misleading and simplistic is the idea that the blame for the high dollar is because of interest rates. There are a large number of factors, not least other countries having to buy NZ dollars to pay for the massive increase in the amount of goods we are exporting.

        • KJT 1.1.2.1

          Bullshit. The amount of dollars being bought is a huge multiple of our exports.

          Exports haven’t gone up much by the way. The extra is due to the higher prices we have been getting for milk powder.

          • john 1.1.2.1.1

            In 2010 we were exporting $3-$3.5 billion per month. This year we’re exporting $4.5-$5 billion per month.

            Yet additional overseas investment into NZ (for ALL investments – bonds, interest accounts, shares and businesses) was just $1.1 billion over the last quarter, or $0.35 billion per month.

            Similarly, other countries printing money devalues their currency which often has a bigger impact than anything happening at this end. That’s why a year or two back some were screaming about out over valued dollar (against the US$) it was actually at a very LOW rate against our biggest trading partner at the time – Australia.

            Then of course there’s also a large effect on the exchange rate from borrowing – with LOW interest rates generally increasing borrowing (and house mortgages alone far exceed the TOTAL of foreign investment in NZ, then there’s farm and business loas as well)

            Which helps explain why our exchange rate is much higher now even though we have relatively low interest rates, but previously the exchange rate was much lower when we had sky high interest rates in double figures.

    • greywarbler 1.2

      @tsmithfield and Jepenseque
      How nice to find a silver lining always in yours or others pockets. No need to make any changes providing that you or people you like to mix with are happy. The rest of the great unwashed are not worth spitting on.

  2. Jepenseque 2

    Left wing parties should be even more supportive of strong inflation control as inflation tends to hurt the poor the most as their wages and cash savings take a hit in purchasing power while the rich see their property and share portfolios sometimes debt funded increase in value. False hope of being able to have it all via mythical monetary policy reform is no panacea. Cheers

    • KJT 2.1

      The poor do not have “savings”.

      Inflation removes the value of monetary speculation.

      A natural offsetting mechanism.

      The RBA ensures that any economic recovery goes into bank profits instead of wages.

      Inflation is good for borrowers. The ordinary young worker with a mortgage, and bad for people who make their money by having money.
      Which is why it is artificially held down by the same people who say that we should not interfere in markets. Unless it benefits them of course.

      http://kjt-kt.blogspot.co.nz/2013/05/the-reserve-bank-debt-and-property.html
      “In New Zealand we have the “Reserve Bank Act”.
      Which basically requires the reserve bank to kill the rest of the economy, whenever Auckland house prices, or wages, rise”.

      http://howdaft.blogspot.co.nz/2013/05/the-reserve-bank-debt-and-property.html
      ” What hasn’t been commented on is that an increase in interest rates will also penalise every business and household in the country including everyone resident in Auckland and Christchurch who already have a mortgage and have no intention of buying or selling a home. There will be no beneficial behaviour change within that wide group who are not seeking to get further into debt but it will impose hardship and constrain the rest of the economy. The interest rate rise would be imposed simply as an attempt to limit price rises in response to artificial shortages of housing in two localised parts of the property market.
      The more sensible action would be to address the cause of these shortages rather than attempt to alter the market response by raising interest rates.
      The Reserve Bank Act is not only completely ineffectual at slowing property prices it is the root cause of property price inflation. Because the Reserve Bank Act obliges debtors to pay over the market price for debt, it also guarantees lenders greater than normal market returns on investments”.

      The RBA is an extremely effective mechanism to make sure that any signs of recovery in New Zealand’ economy are buried in bank profits.

      http://kjt-kt.blogspot.co.nz/2010/08/more-stupidity-from-reserve-bank-act.html
      “Of course raising business interest rates beyond that of overseas competitors has no effect on prices and competitiveness. Right!! And interest rate rises of themselves are not a driver of inflation. Right!! And higher interest rates in NZ do not give windfall profits to overseas banks and finance companies. Right!! And lower wages and higher prices do not drive borrowing to live. Right!!”

  3. Mariana Pineda 3

    Notice that term deposit rates have hardly moved whereas lending rates have moved substantially.
    It shows that the banks will be absolutely creaming it while good workers are thrown on the scrap heap.

    Loyal kiwi manufacturers are being disadvantaged due to a government who has no plans and no solutions for them because it is likely they favour multi-nationals.

    Too many manufacturers would rather buy very cheap and non-unionised slaves in low wage economies as well. They can probably borrow funds over there as well on much lower interest rates than kiwi based manufacturers can get.

    Free trade is a farce and only benefits the unethical.

    • Gareth 3.1

      Free trade is great, on one condition.

      You can get lots of benefits from making trade easier, but you should never make it easier for capital to move around.

      Most free trade deals these days aren’t really free trade deals. They have some tariff reductions, but primarily they are designed to make it easier to move capital around which is very bad.

      Have a look at this online comic designed to explain the TPP, it covers the problems with trade agreements in general as well as the TPP specifically: http://economixcomix.com/home/tpp/

      • greywarbler 3.1.1

        @ Gareth 8.30 pm
        Michael Goodwin and Dan E Burr two names that have produced a masterpiece of work for the 21st century.

        Thanks very much for that Gareth. I am sure that you won’t mind me putting the link on Open Mike, Tawhera so that everybody gets the chance to see it.

  4. greywarbler 4

    A bit out of the time-frame but here is an example of business and money gone offshore. Griffins biscuits is being bought for $700 million by some outfit in the Philippines from Pacific Equity Australia. I remember when it was a NZ company making biscuits and sweets with its main office in Nelson. It was sold to Nabisco of the USA in about 1964. They had it for some time and then sold to Danone see note below.

    Griffins is still using much the same recipes it had in 1964. They could be making them here and selling them here and elsewhere and it would have been a lovely viable little export business. Why can’t we have an investment arm that buys NZ companies like this, and then offers shares – part private, part government. It would be a good use of the public-private partnership.

    But we don’t and constantly something good that NZ develops is sold overseas and the market is developed and someone else gets the long-term profits and we are back milking cows for a living. And soon even that will be robotised and no-one will be there to call the cows Daisy and Belle. Someone talking the other day said their cows came when their names were called.

    (Danone is trying to sue Fonterra for $300 million plus add ons that would take it to $600 million for a product being called into question that had to be recalled, as we know about. Rod Oram was talking about it today on Radionz. They are going before a mediator in Singapore to pass judgment, but may still go to trial. Below is wikipedia about them – it pays to know your enemies.)

    The Groupe Danone is a French food-products multinational corporation based in the 9th arrondissement of Paris. It produces fresh dairy products,[2] bottled water, cereals, baby foods[3] and yogurts. In the United States it is marketed as the Dannon Company.
    The company owns several internationally known brands of bottled water: Aqua, Volvic, Evian, and Badoit; in Asia, it owns Yili, Aqua (Indonesia), Sehat (Malaysia, Brunei, Singapore) and Robust, Bonafont in Mexico, and has a 51% holding in China’s Wahaha Joint Venture Company. About 56% of its 2006 net sales derived from dairy, 28% from beverages, and 16% from biscuits and cereal.

  5. greywarbler 5

    This is the latest in Business News 6.45am on Radionz each morning. Good place to listen if you want to know more than just what the prices are for our exchange rate and the good or bad feelings driving the thinking people in the market as they react to the computer generated prices of shares etc.

    Tech companies good. If they stay here. Better if they have NZ graduates working for them. Even better if they stay in NZ owned and based hands.

    Tech companies regard NZX as a good bet ( 1′ 34″ )
    06:57 Technology companies are continuing to list on the stock exchange as investors have shown an appetite for high-growth companies with ambitious plans and sometimes little revenue.

    This is good – the venture investment fund news. In Nelson there is a small trust that lends out funds to individuals trying to start a viable business for themselves .
    http://www.nelt.org.nz/about-nelson-enterprise-loan-trust/
    How many of these are around the country, and how can we get bigger footprint with something like the Grameen Bank in Bangladesh. If they can do it, couln’t we?
    http://en.wikipedia.org/wiki/Grameen_Bank

    Venture Investment Fund helps more than 100 start-up companies ( 2′ 32″ )
    06:55 The Venture Investment Fund has helped more than a hundred new companies get started with seed capital, but many more are still looking for help.

    We have had many successful companies start up in the alcohol business, vodka, whisky, craft beer, wine, cider – but it’s a bit like dairy, too much of it skews the market, and ultimately is not good for the country, and can affect susceptible individuals’ health. So the news of MOA growing is good, but let’s get other industries going.

    MOA group says sales are up sharply following structure changes ( 1′ 33″ )
    06:52 Craft beer brewing company, Moa, says the company has doubled its market share and increased its sales by 95 percent in the past nine months.

    And more playing with our monopoly money. It’s a bit like the gods in Terry Pratchett’s Discworld, watching the world below with interest, both subjective and objective, while they instigate changes a la chaos theory, and scientifically assess the effects. While the money managers count the cash in its economic divisions, we run faster on our mousewheels under the prod of productivity. Good play on words there!
    Another one – ‘some more’ begets mores, meme, ends up, morose.

    A fund manager says an OCR hike on Thursday is iffy ( 2′ 43″ )
    06:50 Harbour Asset Management is bucking conventional wisdom by calling the Reserve Bank’s decision on whether to raise interest rates on Thursday a fifty-fifty call.

  6. philj 6

    xox
    “Bank paid economists !” Is there any other than bank sponsored economists allowed in the public media space? What ever became of independent academic university economists. Do they still exist? You are only getting the “bank paid economists” (Banksters in drag) analysis folks. They rule this rock star economy of NZ/USA. Private, corporate vested interest . Another version of TINA.

  7. SPC 7

    Bollard said one alternative was a surcharge on mortgages – that would enable the OCR (and dollar) to be kept lower.

    It has the benefit of raising tax revenues – a 1% surcharge would raise $2B pa. On top of that higher taxes from GST (lower dollar means goods cost more and thus higher GST off sales) and off higher taxable export revenue.

    Done at .25% in 4 instalments, it would replace an increase in OCR from say 3 to 4%.

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    That's the only response to the findings of the Ombudsman's investigation into LGOIMA practices at the Christchurch City Council:My investigation identified serious concerns about the Council’s leadership and culture, and its commitment to openness and transparency. In particular, Council staff raised concerns with me about various methods employed by some ...
    No Right TurnBy Idiot/Savant
    22 hours ago
  • There is what corruption looks like
    NZ First seems to be nakedly trying to enrich itself from public office:A powerful New Zealand First figure helped establish a forestry company that then pushed for money from two key funding streams controlled by a New Zealand First Minister. An RNZ investigation has found Brian Henry, lawyer for Winston ...
    No Right TurnBy Idiot/Savant
    24 hours ago
  • Escape from Manus Island
    Behrouz Boochani is an award winning author and journalist. He is also a refugee, who for the past six years has been detained in Australia's offshore gulag on Manus Island, and in Papua New Guinea. But last night, with the cooperation of the WORD Christchurch festival and Amnesty International, he ...
    No Right TurnBy Idiot/Savant
    1 day ago
  • When World’s Collide.
    Different Strokes: If a multicultural immigration policy imposes no obligation on immigrant communities to acknowledge and ultimately embrace their host nation’s most cherished traditions and values, then how is that nation to prevent itself from being reduced to a collection of inward-looking and self-replicating ethnic and cultural enclaves?THE COALITION GOVERNMENT’S ...
    1 day ago
  • Could There Be Method In Massey University’s Madness?
    Protective Zone: Reading the rules and guidelines released by Massey University, it is impossible to avoid the conclusion that its governing body considers the whole concept of free speech a disruptive threat to the orderly imparting of orthodox academic knowledge.IN TRUE ORWELLIAN fashion, Massey University has announced its commitment to ...
    1 day ago
  • Climate Change: We need more trees, not less
    Farmers held a hate-march on Parliament today, complete with MAGA hats, gun-nut signs, and gendered insults. While supposedly about a grab-bag of issues - including, weirdly, mental health - it was clear that the protest was about one thing, and one thing only: climate change. And specifically, forestry "destroying" rural ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • The IGIS annual report: Dead letters and secret law
    The Inspector-General of Intelligence and Security released their annual report today, and I've been busy reading through it. In amongst the usual review of what they've been doing all year, there's a few interesting bits. For example, a discussion on "agency retention and disposal of information", which points out that ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • A referendum on bigotry
    The End of Life Choice Bill passed its third reading last night, 69 - 51. Thanks to a compromise with NZ First - which looks to have been necessary on the final numbers - the commencement of the bill will be subject to a referendum. Given the ugliness of the ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Political parties and GMOs: we all need to move on
    Recently more than 150 post-graduate students and young scientists presented an open letter to the Green Party via The Spinoff, encouraging them to reconsider their position on genetic modification. Their target is tackling climate change issues.[1] Can any party continue to be dismissive about genetic modification (GM) contributing to ...
    SciBlogsBy Grant Jacobs
    2 days ago
  • Class, Identity Politics and Transgender Ideology
    by Deirdre O’Neill Under Thatcher and then Blair and continuing up until our contemporary moment, the working class has seen its culture slowly and progressively destroyed. The change from an industrial society to a service society produced a marked shift in focus from the working class as the backbone of ...
    RedlineBy Admin
    3 days ago
  • Irony
    Since 2013, the Australian government has detained refugees without trial in Pacific gulags, where they are abused, tortured, and driven to suicide. The policy is not just an abuse of human rights and possible crime against humanity; it has also had a corrosive effect on the states Australia uses as ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • An age of protest.
    It seems fair to say that we currently live in a problematic political moment in world history. Democracies are in decline and dictatorships are on the rise. Primordial, sectarian and post-modern divisions have re-emerged, are on the rise or have been accentuated by political evolutions of the moment such as ...
    KiwipoliticoBy Pablo
    3 days ago
  • Another captured agency
    Last month, Greenpeace head Russel Norman surrendered his speaking slot at an EPA conference to student climate activist Sorcha Carr, who told the EPA exactly what she thought of them. It was a bold move, which confronted both regulators and polluters (or, as the EPA calls them, "stakeholders") with the ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • NZ First’s dodgy loans
    The core principle supposedly underlying New Zealand's electoral finance regime is transparency: parties can accept large donations from rich people wanting to buy policy, but only if they tell the public they've been bought. Most parties abide by this, so we know that TOP was wholly-owned by Gareth Morgan, and ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • Member’s Day: The choice on End of Life Choice
    Today is a Member's Day, probably the second-to-last one of the year, and its a big one, with the Third Reading of David Seymour's End of Life Choice Bill. last Member's Day it was reported back from committee, after MPs voted narrowly to make it subject to a (rules TBA) ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • How growth in population and consumption drives planetary change
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz The growth of the human population over the last 70 ...
    SciBlogsBy Guest Author
    3 days ago
  • The disappearing Women …
    by The Council of Disobedient Women In her excellent oral submission to the Abortion reform select committee on 31st October on behalf of Otago University’s Department of Public Health, historian and public health researcher Hera Cook stated: “We would ask that the committee not use the term ‘pregnant persons’ and ...
    RedlineBy Daphna
    4 days ago
  • “A Passage to India”: enduring art in changing times
    by Don Franks In 1957, E M Forster wrote, of his greatest work: “The India described in ‘A Passage to India’ no longer exists either politically or socially. Change had begun even at the time the book was published ( 1924) and during the following quarter of a century it ...
    RedlineBy Daphna
    4 days ago
  • Contemptuous
    The Referendums Framework Bill was due back from select committee today. But there's no report on it. Instead, the bill has been bounced back to the House under Standing order 29593) because the Committee didn't bother to produce one. They probably tried. But given the membership of the committee (which ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Zero Carbon: It’s not just a good idea, it’s the law
    Two years into New Zealand’s Labour-led government, the long-delayed Zero Carbon Bill became law on 7 November. Passed essentially unanimously, the lengthy public debates and political manoeuvring faded away until the final passage was even anticlimactic: Flipping through the @nzstuff @DomPost I was starting to wonder if I’d dreamt ...
    SciBlogsBy Robert McLachlan
    4 days ago
  • Climate Change: What happens next?
    Now the Zero Carbon Bill is law, what's next? Obviously, the ETS changes currently before select committee are going to be the next battleground. But we're also going to get a good idea of where we're going, and if the progress the Zero Carbon Act promises is good enough, during ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Climate change will fuel bush fires
    Grant Pearce The effects of the current Australian bushfires in New South Wales and Queensland (and also again in California) are devastating and far-reaching. To date, the fires have resulted in several lives being lost and many homes and properties destroyed. Here in New Zealand, the impacts have been only ...
    SciBlogsBy Guest Author
    4 days ago
  • Participation rates
    A passing comment in a post the other day about the labour force participation rates of older people prompted me to pull down the fuller data and see what we could see about various participation rates over the decades since the HLFS began in 1986.   As it happens, the ...
    SciBlogsBy Michael Reddell
    4 days ago
  • Not So Much “OK Boomer” As “OK Ruling Class”.
    Distract And Divert: The rise of what we have come to call “Identity Politics” represents the ideological manifestation of the ruling class’s objective need to destroy class politics, and of the middle-class’s subjective need to justify their participation in the process.THE RELIEF of the ruling class can only be imagined. ...
    4 days ago
  • Asking for it …
    "I saw a newspaper picture,From the political campaignA woman was kissing a child,Who was obviously in pain.She spills with compassion,As that young child'sFace in her hands she gripsCan you imagine all that greed and avariceComing down on that child's lips?" ...
    4 days ago
  • New Zealand’s Poor Pandemic Preparedness According to the Global Health Security Index
    Dr Matt Boyd, Prof Michael Baker, Prof Nick Wilson The Global Health Security Index which considers pandemic threats has just been published. Unfortunately, NZ scores approximately half marks (54/100), coming in 35th in the world rankings – far behind Australia. This poor result suggests that the NZ Government needs to ...
    SciBlogsBy Public Health Expert
    5 days ago
  • Climate Change: Thank Winston
    The Zero Carbon Act is inadequate, with a weak methane target designed to give farmers a free ride. But it turns out it could have been worse: Climate Change Minister James Shaw was so desperate to get National on board, he wanted to gut that target, and leave it in ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Illicit markets and Bali Booze
    The Herald reprints an Australian story on a couple of tragic deaths in Bali from drinking cocktails that had methanol in them.  The story argues that methanol is likely the result of home distillation. But what the young tourists were experiencing was far from a hangover. They’d consumed a toxic cocktail ...
    SciBlogsBy Eric Crampton
    5 days ago
  • This is not what armed police are for
    Last month, the police announced a trial of specialist roaming armed units, which would drive round (poor, brown) areas in armoured SUVs, armed to the teeth. When they announced the trial, they told us it was about having armed police "ready to attend major incidents at any time if needed". ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Spain’s failed electoral gamble
    Spain went to the polls today in the second elections this year, after the Socialists (who had come to power in a confidence vote, then gone to the polls in April) rejected the offer of a coalition with the left-wing PoDemos, and instead decided to gamble n a better outcome ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • The astroturf party
    National has finally rolled out its "BlueGreen" astroturf party, fronted by an array of former nats and people who were dumped by the Greens for not being Green enough. Its initial pitch is described by Stuff as "very business-friendly", and its priorities are what you'd expect: conservation, predator-free funding, a ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • How to cheat at university
    A couple of days ago I attended (and spoke at) the University of Waikato’s “LearnFest” event. There were lots of talks and sessions on very diverse aspects of teaching, mostly at tertiary level. One was by Myra Williamson from Te Piringa Faculty of Law here at Waikato, on Contract Cheating ...
    SciBlogsBy Marcus Wilson
    5 days ago
  • How NZ was put on world maps using a transit of Mercury
    There will be a transit of Mercury – the planet Mercury will pass across the face of the Sun – taking place at sunrise in New Zealand on Tuesday, 12th November. It was by observing such an event 250 years ago that James Cook and his scientist colleagues were able ...
    SciBlogsBy Duncan Steel
    5 days ago
  • Georgina Beyer: We need to be able to talk without being offended
    Since becoming the world’s first openly transexual mayor and member of parliament, Georgina Beyer has been recognised as a trailblazer for trans rights. Daphna Whitmore talks with her about where she sees the current trans movement We start out talking about legislation the government put on hold that would have ...
    RedlineBy Daphna
    6 days ago
  • The anti-fluoride brigade won’t be erecting billboards about this study
    If FFNZ really put their faith in “Top Medical Journals” they would now be amending their billboards to recognise new research results. Image from FFNZ but updated to agree with the latest research. ...
    6 days ago
  • Chosen To Rule? What Sort Of Christian Is Chris Luxon?
    National Messiah? Chris Luxon identifies himself as an evangelical Christian. If he is genuine in this self-characterisation, then he will take every opportunity his public office provides to proselytise on behalf of his faith. He will also feel obliged to bear witness against beliefs and practices he believes to be ...
    6 days ago
  • War of the worms
    I'm going to make a Reckless Prediction™ that the Tories have 'topped out' in the 'poll of polls' / Britain Elects multipoll tracker at about 38%, and in the next week we will start to see Labour creep up on them.In fact, we might just be seeing the start of ...
    6 days ago
  • Marvelly shows us how to be a feminist without feminism
    by The Council of Disobedient Women Lizzie Marvelly: “I may have missed this… has @afterellen gone all terf-y? Or am I reading something incorrectly? “ https://twitter.com/LizzieMarvelly/status/1191840059105742849 After Ellen is a lesbian website that is unashamedly pro-lesbian, as you’d expect. So why is Ms Marvelly so bothered about lesbians having their ...
    RedlineBy Daphna
    7 days ago
  • Out of the past – Tories to revive racist laws from the 16th century
    Did you know there once was a time when it was illegal to be a gypsy (aka Romani) in Britain?That was between 1530, when the Egyptians Act was passed, and 1856, when it was repealed.Amongst other things, the act forbade the entry of 'Egyptians' into England, ordered those already there ...
    1 week ago
  • 1000 of these now
    Some days I sit and think, “what will I write…?” What do you say when you get to 1000 posts? Maybe you just start where you are, diverge to where this all began, then offer a collection of reader’s favourite posts, and a few of your own? (And throw in ...
    SciBlogsBy Grant Jacobs
    1 week ago
  • Has Shane Jones Just Saved NZ First?
    Counter-Puncher: The “activists” and “radicals” (his own words) from the Indian community who took such strong exception to Shane Jones’ remarks about Immigration NZ’s treatment of arranged marriages, may end up bitterly regretting their intervention. Jones is not the sort of person who turns the other cheek to his critics.SHANE ...
    1 week ago
  • Climate Change: As predicted
    Yesterday, when National voted for the Zero Carbon Bill, I predicted they'd gut it the moment they regained power, just as they had done to the ETS. And indeed, they have explicitly promised to do exactly that within their first hundred days in office. What would their amendments do? Abandon ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Let this never be forgot
    In the spirit of Remember, remember the fifth of November, let's keep this in mind FOREVER.
    Oh dear. Extraordinary interview on PM with Andrew Bridgen and @EvanHD just now. Bridgen was defending Jacob Rees Mogg’s Grenfell comments. Evan asked him if JRM had meant to say he would have left ...
    1 week ago
  • Too Late To Change Capitalism’s Flightpath?
    Collision Course? In conditions of ideological white-out, the international bankers’ “Woop-Woop! Pull Up!” warning may have come too late to save global capitalism.WHAT DOES IT MEAN when international bankers are more willing to embrace radical solutions than our politicians and their electors? At both the International Monetary Fund and the ...
    1 week ago
  • Whooping cough vaccine works well despite its imperfections
    Pertussis (whooping cough) is a conundrum. It is a disease that was described hundreds of years ago and the bacteria that causes it (Bordetella pertussis) isolated in 1906. We have had vaccines for about 80 years but this disease is defiant in the face of human immunity. I wanted to ...
    SciBlogsBy Helen Petousis Harris
    1 week ago
  • Climate Change: Passed
    The Zero Carbon Bill has just passed its third reading, uanimously. In the end, National supported it - but we all know they'll turn around and gut it the moment they regain power. Meanwhile, I guess ACT's David Seymour didn't even bother to show up. I am on record as ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Retailing of vaping products – New NZ Research
    Dr Lindsay Robertson, Dr Jerram Bateman, Professor Janet Hoek Members of the public health community hold divergent views on how access to vaping products or electronic nicotine delivery systems (ENDS) products should be arranged. Some believe ENDS should be as widely available as smoked tobacco and argue for liberal ...
    SciBlogsBy Public Health Expert
    1 week ago
  • Justice for Bomber
    When the Police were trying to cover up for the National Party over Dirty Politics, they went all-in with their abuses of power. They illegally search Nicky Hager's house, violating his journalistic privilege and invading his privacy. They unlawfully acquired Hager's bank records. They did the same to left-wing blogger ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Britain’s climate tyranny was unlawful
    Last month, in response to a wave of protests by Extinction Rebellion, the British government purported to ban their protests from the whole of London. It was a significant interference with the freedoms of expression and assembly, and another sign of the country's decline into tyranny. But now, a court ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • More crime from the spies
    Last year, the Inspector-General of Intelligence and Security reported on significant problems with the intelligence warrant system. While they were unwilling to declare any warrant "irregular" (meaning unlawful) due to the recent law change, they were also not willing to give the system a clean bill of health. Now, they've ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Vaccination, compulsion, and paternalism for the lower orders
    The National Party has come out in support of encouraging greater vaccination uptake. But it sure isn’t the way I’d do it. National’s suggested docking the benefits of those on benefit whose kids aren’t keeping up with their vaccinations. Some in National have suggested extending that to payments under Working ...
    SciBlogsBy Eric Crampton
    1 week ago
  • Global Protests Rage On: But Slogans Are Not Plans.
    Feeding The Flames: It is simply not enough to demand an end to “corruption”, or “inequality”, or the overbearing influence of the authorities in Beijing. These are just “lowest common denominator” demands: the sort of slogans that pull people onto the streets. They are not a plan.WHERE’S THE PLAN? Across ...
    1 week ago
  • 11,000 employed under Labour
    The labour market statistics have been released, and unemployment has risen to 4.2%. There are 115,000 unemployed - 11,000 fewer than when Labour took office. In that time the minimum wage has gone up by $2 an hour, which shows that the right's fears about increases causing unemployment are simply ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Boycott this democratic fraud
    The Foreign Affairs, Defence and Trade Committee has called for submissions on Andrew Little's tyrannical Terrorism Suppression (Control Orders) Bill. Normally I encourage participation in the democratic process. I am not doing so in this case. Instead, I encourage all of you to boycott this submissions process, and to post ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Why Mars is cold despite an atmosphere of mostly carbon dioxide
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz If tiny concentrations of carbon dioxide can hold enough heat ...
    SciBlogsBy Guest Author
    1 week ago
  • Climate Change: Ban private jets
    Aviation is one of the fastest growing sources of greenhouse gas emissions, and within it, one of the fastest sources is elite travel: billionaires flitting around the world in their private jets, spewing excessive pollution into the atmosphere just so they can avoid mixing with us dirty peasants. But in ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Climate Change: Untold Suffering
    That's what we face if we don't stop climate change, according to a warning from 11,000 scientists:The world’s people face “untold suffering due to the climate crisis” unless there are major transformations to global society, according to a stark warning from more than 11,000 scientists. “We declare clearly and unequivocally ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • The left and violent misogyny
    by Phil Duncan Here’s just a few of the kind of threats issued day in and day out against gender-critical women – feminists, marxists, etc – overwhelmingly by MEN (albeit men identifying as women). “Kill all Terfs”. “Shoot a Terf today”. “All terfs deserve to be shot in the head”. ...
    RedlineBy Admin
    1 week ago
  • Imperialism and the iPhone
    This is the third of the synopses of parts of the opening chapter of John Smith’s Imperialism in the 21st Century (New York, Monthly Review Press, 2016). The synopsis and commentary below is written by Phil Duncan. Unlike the humble cup of coffee and t-shirt that we looked at in ...
    RedlineBy Admin
    2 weeks ago
  • The freshwater mussel housing crisis: eviction by invasive weeds?
    Tom Moore Traditionally a food source and cutting tool, freshwater mussels/kākahi are now widely valued as water filters that help clean our waterbodies and maintain ecosystem health throughout Aotearoa. The improvement they provide in water quality can make it easier for other animals to live in streams and rivers, as ...
    SciBlogsBy Guest Author
    2 weeks ago
  • Back it up Luxon: endorsing the destructive past is not actually the way forward
    And to think he gave all the potential goodwill away with that moronic, cult-like statement (repeated ad nauseam by many National hardliners) that Key is quite simply “the greatest PM we ever had”… Installation complete: this was nothing ...
    exhALANtBy exhalantblog
    2 weeks ago
  • Good riddance
    National MP and former Conservation Minister Maggie Barry will not seek re-election next year. Good riddance. Because in case anyone has forgotten, barry is a bullying thug who terrorised both public servants and fellow MPs. She is one of the people who makes Parliament a toxic workplace, and our country ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Climate Change: D-Day
    The Zero Carbon Bill is back in the House today for its second reading. While this isn't the final stage, its still effectively D-Day for the bill. Because today, at around 5pm, is when we're going to find out if it has a majority, whether National will support it or ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Winston is right
    Winston Peters is in court today, suing a bunch of former Minister and civil servants over their pre-election leak of his superannuation repayment. He's characterised the leak as malicious, and said that it is repugnant that his information was passed on to Ministers to use for political advantage. And he's ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Media impartiality
    Sky's economics editor, Ed Conway has posted a Twitter thread responding to a claim that - as far as I can see - Labour never made:
    Are NHS operation cancellations at an all-time high? That's the impression you might have been left with if you read this story from the ...
    2 weeks ago
  • Finish what’s on your plate
    Murray Cox Do I have to finish my favourite genome? That’s an often-asked question. Geneticists generally strive to produce high-quality genomes that sequence every last gene, making full use of the state-of-the-art technologies coming on stream. Sequencing DNA means determining the order of the four chemical building blocks – called ...
    SciBlogsBy Genomics Aotearoa
    2 weeks ago
  • Gainful Employment: A Cautionary Tale.
    Transformative Politics: The idea is to turn each recipient into an unwitting accomplice in their own transformation. From interested observer to hyped-up activist, sharing our messages promiscuously with ‘friends’. You’ll be part of an ever-expanding circulatory system, Jennifer, for the ideas that will win us the election.”JENNIFER SKITTERED her chair ...
    2 weeks ago
  • New Zealand should not fund bigotry
    Two years ago, the Cook Islands government announced that it was planning to join the civilised world and decriminalise consensual homosexual sex between men. Now, they've reversed their position, and decided to criminalise lesbians into the bargain:Two years ago, in a step welcomed by many people including the gay and ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • New Fisk
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • More tyranny in Australia
    The boycott is a fundamental tool of protest. By choosing who we buy from, we can send a message, and hopefully change corporate behaviour. Historically, boycotts have been effective, for example over apartheid in South Africa and Israel, in forcing divestment from Myanmar, and in ending bus segregation in the ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Submission for rationality and science against the assaults of pre-modernism and post-modernism
    Jan Rivers spoke at the Abortion Legislation Select Committee in favour of the bill, but in opposition to calls from other submitters to exchange the word ‘woman’ for ‘person’ throughout the bill. Jan is a supporter of the feminist group Speak Up For Women and has recently written an excellent ...
    RedlineBy Daphna
    2 weeks ago
  • My loyal readership of … Cam girls and Pornbots?
    I checked my traffic stats:I was intrigued by 'monica29' - who was this very dedicated individual?  I clicked on the link, to be greeted with ...Ho, hum.Spreadin' the word, spreadin' the word.  Doesn't matter who hears it, as long as it gets out there. ...
    2 weeks ago
  • Worth repeating forever
    There have been three polls since the election was announced, and I will shamelessly steal YouGov / UK Polling Report's Anthony Wells' summary of them:Survation – CON 34%, LAB 26%, LDEM 19%, BREX 12%, GRN 1% Ipsos MORI – CON 41%, LAB 24%, LDEM 20%, BREX 7%, GRN 3% YouGov ...
    2 weeks ago

  • Kiwis to have their say on End of Life Choice
    Jenny Marcroft MP, Spokesperson for Health New Zealand First backs the public to decide on the End of Life Choice Bill via a referendum at the 2020 General Election. The Bill, with New Zealand First’s referendum provision incorporated, passed its final reading in Parliament this evening. New Zealand First Spokesperson for ...
    2 days ago
  • Addressing miscarriages of justice
    Darroch Ball, Spokesperson for Justice New Zealand First is proud that a key Coalition Agreement commitment which will provide for a more transparent and effective criminal justice system has been realised. Legislation to establish the Criminal Cases Review Commission, an independent body focused on identifying and responding to possible miscarriages of ...
    3 days ago
  • Week That Was: Historic action on climate change
    "Today we have made a choice that will leave a legacy... I hope that means that future generations will see that we, in New Zealand, were on the right side of history." - Jacinda Ardern, Third Reading of the Zero Carbon Bill ...
    1 week ago
  • Tax-free deployments for Kiwi troops
    Darroch Ball, New Zealand First List MP A Member’s bill has been proposed that would provide income tax exemptions for all New Zealand Defence Force (NZDF) personnel while on operational deployment overseas. The Income Tax (Exemption for Salary or Wages of NZDF Members on Active Deployment) Amendment Bill proposed by New Zealand First ...
    1 week ago
  • A balanced Zero Carbon Bill passed
    Rt Hon Winston Peters, New Zealand First Leader New Zealand First is proud to have brought common sense to the Climate Change Response (Zero Carbon) Amendment Bill, which passed its final reading in Parliament today. Party Leader Rt Hon Winston Peters says months of hard work went into negotiating a balanced ...
    1 week ago
  • Paramedics’ status to be recognised
    Jenny Marcroft MP, Spokesperson for Health New Zealand First has listened to calls to recognise paramedics as registered health professionals under the Health Practitioners’ Competence Assurance Act (the Act). Today, the Coalition Government announced plans for paramedics to be registered as health practitioners under the Act, and the establishment of a ...
    2 weeks ago
  • Week That Was: 2,000 teachers in two years
    We began the week by commemorating the New Zealand Wars and celebrating a major increase in the number of teachers. Then, we were busy supporting offenders into work and getting our rail back on track after years of underinvestment. And that's just the start! ...
    2 weeks ago
  • Winning an election one conversation at a time
    In October I was sworn in as the Mayor of Lower Hutt. It’s the privilege of my life to serve Hutt people as their Mayor. There is something really special to be able to serve the community where I was raised, and where I live.   ...
    2 weeks ago
  • Closer cooperation with Korean horse racing industry
    Rt Hon Winston Peters, Deputy Prime Minister, Minister for Racing Racing Minister Winston Peters met with Korea Racing Authority Chairperson Nak Soon Kim in Seoul today to discuss closer cooperation between the New Zealand and Korean horse racing industries. As part of the visit to the Seoul Racecourse, Mr Peters witnessed ...
    2 weeks ago
  • Otago to lead digital creativity
    Hon Shane Jones, Minister for Regional Economic Development The Provincial Growth Fund (PGF) is investing $10 million to establish Otago as the centre of New Zealand’s creative digital industry over the next ten years, Regional Development Minister Shane Jones announced today. “The initiative will bring us closer to the vision of ...
    2 weeks ago
  • Young Otago students encouraged to take on forestry careers
    Hon Shane Jones, Minister for Regional Economic Development The Provincial Growth Fund (PGF)’s skills and employment programme will help young Otago people into long-term forestry careers, Regional Economic Development Minister Shane Jones announced today. Te Ara Mahi will invest $63,000 in the 2020 school year to support eight 17 and 18 ...
    2 weeks ago
  • PGF backing Dunedin’s waterfront ambitions
    Hon Shane Jones, Minister for Regional Economic Development The Provincial Growth Fund (PGF) will support local plans to revitalise and stimulate economic development opportunities in Otago, Regional Economic Development Minister Shane Jones has announced. The four Regional Economic Development Ministers have approved an in-principle investment of $19.9 million towards the region’s ...
    2 weeks ago
  • M. Bovis eradication progress welcomed
    Mark Patterson, Spokesperson for Primary Industries New Zealand First is pleased to have received the Technical Advisory Group (TAG) report on the Coalition Government’s Mycoplasma bovis eradication efforts, which shows significant progress in the fight against the disease. New Zealand First Spokesperson for Primary Industries, Mark Patterson, says the report’s findings ...
    2 weeks ago
  • PGF boosts Otago’s engineering and manufacturing sector
    Hon Shane Jones, Minister for Regional Economic Development Hon David Parker, Minister for Trade and Export Growth The Provincial Growth Fund (PGF) is investing to support economic growth opportunities for Otago’s engineering and manufacturing sectors, Regional Development Minister Shane Jones and Trade and Export Minister David Parker announced today. Almost $20 million ...
    2 weeks ago
  • Minister Peters discusses Pacific challenges and denuclearisation in Seoul
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