Faking it

Written By: - Date published: 10:36 am, February 15th, 2009 - 24 comments
Categories: economy, spin - Tags:

It’s a bit late but I thought I’d draw people’s attention to the work Pundit’s Tim Watkin has been doing on the government’s stimulus package. Or more rather the work he’s been doing on the government’s re-releasing of already approved spending under the guise of a stimulus package.

Because the interesting truth is they’re faking it.

According to Watkin the “stimulus package” is mostly made up of preannounced spending such as the last Labour government’s tax cuts and the purchase of Kiwirail.

Yes you read that right, this government is so clever it’s managed to go back in time and convince the last government to buy the railways to help stimulate the economy from a recession that nobody at the time knew was coming.

Remember all that malarkey from the nats and their supporters about “train sets” and “block of cheese taxcuts”? Turns out it’s now the cheese train that they think going to pull us out of the recession. And it was all their idea. At least that’s what they’re trying to tell us.

All aboard.

24 comments on “Faking it ”

  1. IrishBill 1

    And I strongly recommend you read Watkin’s piece:

    http://pundit.co.nz/content/the-truth-about-nationals-so-called-stimulus-not-a-penny-more

    It raises some extremely concerning issues.

  2. expat 2

    It’s all a matter of context Bill.

    If you thought, in a growing or normal economy a $9Bn package was going to be inflationary and were going to cut that amount then in a shrinking economy (i.e. todays) then perhaps $9Bn is a prudent amount to be spending.

    And lets not forget the reason Labour did commit to spending all that money – a) to stop National saying they’d do it b) to try and buy their way into a 4th term

    Oh, and there is the tiny fact that NZ can’t afford to spend any more without being downgraded by S&P’s and heading the way of Iceland.

  3. gingercrush 3

    I have read both those pieces and his argument is in favour of something like Obama’s plan is because its 5% of GDP. Well that is fine and all. But what is that 5% of GDP being spent on. Is it being spent in the best areas. And lets not pretend for a second, that Obama’s stimulus package doesn’t contain numerous amounts of pork. You don’t simply spend a percentage of GDP and expect to somehow save your economy and create jobs. Such thinking is surely stupidity at its best.

    In fact how many jobs is Obama’s stimulus package meant to create now? 4 million. Keeps creeping up and yet does anyone who have read even parts of Obama’s stimulus package expect such jobs to created?

  4. IrishBill 4

    gc, what I took from the articles wasn’t that the 5% was the only way to go but that there is concern about the Nats going one way but trying to tell us they are going the other. That’s basic dishonesty. If the nats really believe that the pre-recession spend is enough they should come out and make the argument for it rather than treating the electorate as fools.

    Obama’s package may not do what it claims but at least he has had the guts to publicly release the policy and make it clear what it is as well as releasing the documents that informed it.

    expat, much has been mad of the S&P issue but the weight of their ratings has dwindled a bit since they gave big ticks to sub-prime products.

  5. RedLogix 5

    Oh, and there is the tiny fact that NZ can’t afford to spend any more without being downgraded by S&P’s and heading the way of Iceland.

    Expat nails it. Bill English has a terrible problem. It comes in several parts:

    1. A structural $15b pa current account deficit. The Reserve Bank can no longer borrow to fund it and is at present selling off assets to keep the NZ dollar from collapsing to worthlessness. Obviously they can only do this for a limited period.

    2. The banks operating in NZ currently require about 30% of their funding from short term sources overseas. Those lenders are looking at our total private sector indebtedness and (despite govt guarantees) are getting rather nervous about the currency exchange risk.

    3. Unemployment is rising rapidly, placing a huge strain on govt cash flow.

    4. National’s tax cut package has badly damaged the govt’s income base. Tax revenue essentially comes in three parts:

    a. PAYE. Stable and predictable.
    b. GST. Fairly stable, but prone to downturns when spending (or the velocity of money falters) or when people focus on repaying debt. (Financial services are GST free.)
    c. Company tax. Very volatile. The current downturn will put many businesses into a loss, and this source of revenue will go negative, storing up tax losses for years to come.

    By slashing PAYE National has hit the stable, predictable portion of govt revenue. And although Michael Cullen bequeathed him a good starting point, Bill English is going to find that lenders are going to look at his diminished ability to service and repay debt (plus the total indebtedness of NZ Inc.) with considerable scepticism. Besides, they are already stretched to the limit coping with their own domestic crisis. The simple truth is that National is NOT going to be able to compensate for the crisis with increased borrowing from overseas.

    The only alternative source of cash will be for the RB to print money. If they go down that path, it will only throw fuel on a hyper-inflationary bonfire already bearing down on us because of the current account deficit. Moreover the Australian banks (hugely exposed to NZ asset values) will revolt at such a move. If this worst case scenario does play out (triggered by the RB’s inability to hold up the value of the NZ dollar), expect NZ to finally abandon the Kiwi dollar, and become the newest State of the Australian Federation.

  6. Redbaiter 6

    They’re all faking it. From Obama to Key to Krudd in Aus, its all smoke and mirrors, and its not going to work and it never was going to work. The idea that more socialism can fix a system already bogged down by an excess of socialism is something only the left would be stupid enough to try.

    This is the depression that had to happen, as its the only way of bringing to an end the destructive and suicidal entwining of government and commerce.

    IT NEVER WORKS.

    SUSTAINABLE prosperity will only ever exist under small governments and an independent and self sufficient population. Once government becomes too big and erodes those two important factors in the citizenry, the decay sets in, and collapse then becomes only a matter of time.

  7. RedLogix 7

    RB,

    God you rise to the bait every time don’t you? When is it going to occur to you that the ONLY places in the world where your small govt libertarian fantasies are even remotely approached, are either ungovernable hell-holes like Somalia or Northwestern Pakistan… or figmentary relics of pre-Industrial history re-painted in rose tints to suit your agenda.

    Small govt is perfectly adequate if your population is indeed small, scattered and self-sufficiently independent. But that has not been a reality for at least a century, we now live in a world where billions of people, ideas and technologies live cheek by jowl in close and intimate interdependency. All societies have evolved larger and more complex governments in response. NONE of them successfully got smaller and less complex as you advocate.

    The only attempt to do so led by Thatcher and Reagan, based on the so-called Chicago school of Economics ideas about smaller govt, has set in train a series of increasingly unstable business cycles, that as with any under-damped oscillatory system, have gotten bigger and bigger until finally something fundamental has been broken.

  8. Redbaiter 8

    Sorry Redillogix, its Sunday, and I’ve better things to do than respond seriously to the insane interminable rantings of ivory tower brain damaged c*mm**s. Have a good deluded day.

  9. RedLogix 9

    Name calling.. is that all you have left? Your heart really isn’t in it any more is it?

    The sad part is that I could have told you how we will one day reach the liberated, small govt society you dream of. The dream is a good one, but you are going 180deg in the wrong direction.

  10. Ari 10

    You know that Reagan’s economic recovery actually stymied and entered another recession when he balanced the books after the new deal, right?

    Paying off your debt and shrinking down government spending are policies for boom times, not for the middle of a bloody recession. And even then, the tax cuts you cry for take away money that is far better saved under high interest rates then paid out in fast, well-targeted packages during the next bust.

    Look up Herbert Hoover next time you want to argue about small government during the middle of a recession.

  11. Redbaiter 11

    Y’know Ari, it just shows how narrow the average leftist’s mind is, and how confined their information sources are, and how blinkered they are in their political vision, when you advise me to “look up Herbert Hoover” in apparent gross ignorance of the fact that there is a substantial school of thought out there that believes Hoover’s reactionary thinking and misguided actions actually prolonged the depression unnecessarily.

    Get out of your ivory tower you damn insular self obsessed bore, and stop interfering in people’s lives when you know fuck all about that condition.

  12. RedLogix 12

    Hoover’s reactionary thinking and misguided actions actually prolonged the depression unnecessarily.

    The parallels between the outlook of the Hoover/Mellon Administration, and the Key/English one are rather remarkable.

    If Andrew Mellon had not so dramatically slashed taxes prior to the Depression in 1928, then Hoover would have not been forced to raise them again in the 1932 Revenue Act to prevent total Federal bankrupcy in the face of a nation about to collapse. Yet prior to this point Hoover was largely complicit with Mellon’s reactionary laissez- faire viewpoint, and completely failed to react decisively to the onset of the Depression allowing matters to deteriorate badly through 1930 and 1931. Then just when things were starting to recover in 1932, he is forced to savagely raise taxes pushing a huge fiscal contraction back into the economy, prolonging the downturn.

    Of course I’m not sure if you realise that this was probably Ari’s point at the outset.

    Hoover finished up (not entirely fairly) one of the most hated men in America. Wonder how Mr Key will fare?

  13. Redbaiter 13

    “Of course I’m not sure if you realise that this was probably Ari’s point at the outset.”

    Why don’t you let Ari speak for himself?

    As for what you have volunteered, its not really necessary to realise anything other than that any history written and revisied by any leftist is worthless history. I’m not impressed by your claims that x did this in reaction to y doing this and z was the outcome. Its all fantasy.

    Academia is infested with leftist propagandists who revise history to reflect their warped political perspectives, and this poisoned version is passed down to political neophytes who know no better, and if the neophytes never succeed in escaping the clutches of academia, never will, and so the misinformation spreads ever outwards like ripples from a stone dropped in a pond, and whole generations are infested with what is little more than delusional fairy tales dressed in all the false trappings of politically motivated academia. An academia there not to bring truth and light to young minds but to ensure there is another shoal of unthinking lemmings ready to subscribe to the drivel of unhinged power obsessed neurotics like Helen Klark.

    Its my money on the table. Not the taxpayer’s. I deal in reality. That’s why I’m not going to argue a million clouded points of history with someone so politically and socially stunted as yourself.

  14. Redbaiter 14

    “Of course I’m not sure if you realise that this was probably Ari’s point at the outset.’

    Why don’t you let Ari speak for himself?

    As for what you have volunteered, its not really necessary to realise anything other than that any history written and revised by any leftist is worthless history. I’m not impressed by your claims that x did this in reaction to y doing this and z was the outcome. Its all fantasy.

    Academia is infested with leftist propagandists who revise history to reflect their warped political perspectives, and this poisoned version is passed down to political neophytes who know no better, and if the neophytes never succeed in escaping the clutches of academia, never will, and so the misinformation spreads ever outwards like ripples from a stone dropped in a pond, and whole generations are infested with what is little more than delusional fairy tales dressed in all the false trappings of politically motivated academia. An academia there not to bring truth and light to young minds but to ensure there is another shoal of unthinking lemmings ready to subscribe to the drivel of unhinged power obsessed neurotics like Helen Kl*rk.

    Its my money on the table. Not the taxpayer’s. I deal in reality. That’s why I’m not going to argue a million clouded points of history with someone so politically and socially stunted as yourself.

  15. RedLogix 15

    An academia there not to bring truth and light to young minds but to ensure there is another shoal of unthinking lemmings ready to subscribe to the drivel of unhinged power obsessed neurotics

    That’s more like the real RB man! Almost putting heart and soul back into it. For a moment there I was tempted into imagining you had lost your way.

    That’s why I’m not going to argue a million clouded points of history with someone so politically and socially stunted as yourself.

    Well you never do. Why start now? Hell that would bugger all my pre-conceptions. We crouch here in stunned awe at your towering knowledge, wit and wisdom… why argue facts and put all that hard earned rep at risk?

  16. More evidence that there is little difference between the National socialists and hard Labour.

  17. Quoth the Raven 17

    The only attempt to do so led by Thatcher and Reagan, based on the so-called Chicago school of Economics ideas about smaller govt, has set in train a series of increasingly unstable business cycles, that as with any under-damped oscillatory system, have gotten bigger and bigger until finally something fundamental has been broken.

    You better reread you’re history books if you think government got smaller under Thatcher and Reagan. Government spending and debt actually increased under Reagan. Governemnt spending also increased under Thatcher. So really government got bigger not smaller under both Thatcher and Reagan. And their programs of deregulation can be more aptly described as re-regulation. Why? Because they know as well as anyone else that the corporate plutocracy can’t survive without heavy state intervention in the economy.

  18. RedLogix 18

    You better reread you’re history books if you think government got smaller under Thatcher and Reagan.

    Yes of course it was all a conjob. But despite the fact that their reality and rhetoric did not mesh at that level, their programs of ‘re-regulation’ still had the effect of undoing many of the hard lessons learnt from the 1890’s and 1930’s Depressions that unmoderated capitalist markets (there is of course no such thing as a ‘free market’… all markets are regulated one way or another) create social disaster because they are inherently unstable.

    What Keynes made clear was that a degree of government regulation of the right kind was required to dampen the system so that it might function sustainably serving peoples need for both security and opportunity in balance. This was more or less achieved from the New Deal through to Reagan/Thatcher. Since then the business cycle has become increasingly unstable, with each successive boom/bust bigger and more dangerous than the previous one.

    Of course it is entirely possible to completely overdo the dampening as did the communists, but I think history is showing that so far the Social Democrats tend to get the balance about right. (And I appreciate that from the Libertarian’s point of view, nobody else gets anything right… so please don’t bother telling me all over again.)

    As an engineer who routinely tunes process control loops in real industrial processes, this is a pretty natural way for me to think about the relationship between politics and the economy. You can model it all mathematically with great rigour and precision, but in real life after you have tuned many hundreds of loops, you simply KNOW well enough what is happening just by looking at the trend plots.

  19. Quoth the Raven 19

    Redlogix – I suppose it depends whether you think much of the regulation is to make the market work better for ordinary people, a naive view, or that much of the regulation is there to sheild large corporations from competition, from organised labour, to caretlise industry at the expense of the consumer, to externalise their diseconomies of scale onto the taxpayer and consumer, to keep unemplyment artificially high, &c – just generally to enforce corporate plutocracy. I admit governments may do a bit of both, but you’ve got to ask yourself in what direction does the general thrust of it move.

  20. RedLogix 20

    QoT,

    Agreed. I keep coming back to that relatively simple, but powerful measure of social performance: % of GDP as Employee Compensation. Rooseveldt’s New Deal (largely built on the work initiated by Hoover’s RFC) dramatically shifted this ratio in favour of the working/middle classes, ushering in a period of unprecedented stability and prosperity in the USA.

    Of course the oligarchs would prefer more of the pie for themselves, and have assidously worked to undermine the New Deal ever since, with the ratio recently falling pretty much back to where is was in the 1920’s. (Sorry I could reference a graph, but I’m slogging my way onto the net via an exceedingly crap Nodafone 3G connection…grrr… thieving capitalist bastards have way oversold their network capacity, but charge us for it all the same.)

    Government can regulate to moderate the extremes of wealth and poverty, or it can regulate to exacerbate them. This to my mind one of the defining moral issues of our era. Technology makes wealth creation easy, we are fabulously more productive than ever in all history. Ordinary middle class people access a standard of living, that in many respects, could not be attained by even sovereigns and emperors of just a few centuries ago. Yet in many ways we still struggle with the question of HOW all that wealth is to be distributed, and to what uses we should put it.

  21. northpaw 21

    Because they know as well as anyone else that the corporate plutocracy can’t survive without heavy state intervention in the economy.

    So… what they have to do.. is corporate colonize it.. yes? [aka in some circles as ‘lying in unison’.]

    Very interesting thread.. yep, altogether..

  22. George.com 22

    Anyone who is interested in some further reading may like to have a look at the piece David Harvey (neo-marxist geographer and a worthwhile thinker) wrote a few days ago comparing the results of the US and Chinese stimulus responses.

    www dot creative-i dot info/?p=4659

    e is pessimistic that the US response will long term rethrone the states as the primary global hegemonic power. He thinks China is in a better position to cope with the financial crisis. He places a degree of trust in Keynesian responses but points to several weaknesses in the current US political economy to achieve this: a reluctance to redistribute wealth to the working class, a fixation with tax cuts over social investment, a predominance of military keynesianism over social keynesianism and a hysterical fear of anything even vaguely collective/socialist. China, he thinks, will have no problem enacting collective/social measures, if merely to quell rising discontent amongst the un/under-employed. In short, the contradictions of US neo-liberalism. Within the politics lie the seeds of its demise, the inability to cope with a major financial crisis.

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    The first widespread survey of consumers and voters since the Budget on May 30 shows a collapse in confidence. Photo: Lynn Grieveson / The KākāTL;DR: The belt-tightening and tax-cutting Budget delivered on May 30 has not delivered the boost to confidence in the economy the National-ACT-NZ First Government might have ...
    The KakaBy Bernard Hickey
    6 days ago
  • The end for the Air Force 757s
    The Air Force 757 that broke down with the Prime Minister on board in Port Moresby on Sunday is considered so unreliable that it carries a substantial stock of spare parts when it travels overseas. And the plane also carries an Air Force maintenance team on board ready to make ...
    PolitikBy Richard Harman
    6 days ago
  • At a glance – Was 1934 the hottest year on record?
    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 ...
    7 days ago
  • It's not New Zealand they've never heard of, it's him
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    More Than A FeildingBy David Slack
    7 days ago
  • Some “scrutiny” II
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    No Right TurnBy Idiot/Savant
    7 days ago
  • Gordon Campbell on why the Biden “peace plan” for Gaza is doomed
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    WerewolfBy lyndon
    7 days ago
  • Raised crossings: hearing the voice of vulnerable pedestrians
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    Greater AucklandBy Guest Post
    1 week ago
  • Leaving on a Jet Plane
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    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Bernard's mid-winter pick 'n' mix for Tuesday, June 18
    The election promises of ‘better economic management’ are now ringing hollow, as NZ appears to be falling into a deeper recession, while other economies are turning the corner. Photo: Lynn Grieveson / The KākāTL;DR: The economy and the housing market are slumping back into a deep recession this winter, contrasting ...
    The KakaBy Bernard Hickey
    1 week ago
  • Scrutiny week off to rocky start
    Parliament’s new “Scrutiny” process, which is supposed to allow Select Committees to interrogate Ministers and officials in much more depth, has got off to a rocky start. Yesterday was the first day of “Scrutiny Week” which is supposed to see the Government grilled on how it spends taxpayers’ money and ...
    PolitikBy Richard Harman
    1 week ago
  • The choice could not be more stark’: How Trump and Biden compare on climate change
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    1 week ago
  • Differentiating between democracy and republic
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    KiwipoliticoBy Pablo
    1 week ago
  • Bernard's mid-winter pick 'n' mix for Monday, June 17
    TL;DR: Chris Bishop talks up the use of value capture, congestion charging, PPPs, water meters, tolling and rebating GST on building materials to councils to ramp up infrastructure investment in the absence of the Government simply borrowing more to provide the capital.Meanwhile, Christopher Luxon wants to double the number of ...
    The KakaBy Bernard Hickey
    1 week ago
  • You do have the power to change things
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    Greater AucklandBy Connor Sharp
    1 week ago
  • Turning Away – Who Cares If We Don't?
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    1 week ago
  • Dissecting Tickled
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    1 week ago
  • New Zealand Webworm Popup + Tickled!
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    David FarrierBy David Farrier
    1 week ago
  • What China wants from NZ business
    One simple statistic said it all: China Premier Li Qiang asked Fonterra CEO Miles Hurrell what percentage of the company’s overall sales were made in China. “Thirty per cent,” said Hurrell. In other words, New Zealand’s largest company is more or less dependent on the Chinese market. But Hurrell is ...
    PolitikBy Richard Harman
    1 week ago
  • Review: The Worm Ouroboros, by E.R. Eddison (1922)
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    1 week ago
  • 2024 SkS Weekly Climate Change & Global Warming News Roundup #24
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    1 week ago
  • Sunday Morning Chat
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    Nick’s KōreroBy Nick Rockel
    1 week ago
  • The Book of Henry
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    More Than A FeildingBy David Slack
    1 week ago
  • Fact Brief – Is ocean acidification from human activities enough to impact marine ecosystems?
    Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by Sue Bin Park in collaboration with members from the Skeptical Science team. You can submit claims you think need checking via the tipline. Is ocean acidification from human ...
    1 week ago
  • Happiness is a Warm Gun
    She's not a girl who misses muchDo do do do do do, oh yeahShe's well-acquainted with the touch of the velvet handLike a lizard on a window paneI wouldn’t associate ACT with warmth, other than a certain fabled, notoriously hot, destination where surely they’re heading and many would like them ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Still doing a good 20
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    More Than A FeildingBy David Slack
    1 week ago
  • Coalition of the Unwilling?
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    PunditBy Brian Easton
    2 weeks ago
  • Of red flags and warning signs in comments on social media
    Somewhat surprisingly for what is regarded as a network of professionals, climate science misinformation is getting shared on LinkedIn, joining other channels where this is happening. Several of our recent posts published on LinkedIn have attracted the ire of various commenters who apparently are in denial about human-caused climate change. Based ...
    2 weeks ago
  • All good, still
    1. On what subject is Paul Henry even remotely worth giving the time of day?a. The state of our nationb. The state of the ACT partyc. How to freak out potential buyers of your gin palace by baking the remains of your deceased parent into its fittings2. Now that New ...
    More Than A FeildingBy David Slack
    2 weeks ago
  • The looting is the point
    Last time National was in power, they looted the state, privatising public assets and signing hugely wasteful public-private partnership (PPP) contracts which saw foreign consortiums provide substandard infrastructure while gouging us for profits. You only have to look at the ongoing fiasco of Transmission Gully to see how it was ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • The Illusion of Power: How Local Government Bureaucrats Overawe Democratically-Elected Councillors..
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    2 weeks ago
  • Lowlights & Bright Spots
    I can feel the lowlights coming over meI can feel the lowlights, from the state I’m inI can see the light now even thought it’s dimA little glow on the horizonAnother week of lowlights from our government, with the odd bright spot and a glow on the horizon. The light ...
    Nick’s KōreroBy Nick Rockel
    2 weeks ago
  • Weekly Roundup 14-June-2024
    Another week, another roundup of things that caught our eye on our favourite topics of transport, housing and how to make cities a little bit greater. This Week in Greater Auckland On Monday, Connor wrote about Kāinga Ora’s role as an urban development agency Tuesday’s guest post by ...
    Greater AucklandBy Greater Auckland
    2 weeks ago
  • The Hoon around the week to June 14
    Photo: Lynn Grieveson / The KākāTL;DR: The podcast above of the weekly ‘hoon’ webinar for paying subscribers features co-hosts and talking with:The Kākā’s climate correspondent about the National-ACT-NZ First Government’s moves this week to take farming out of the ETS and encourage more mining and oil and ...
    The KakaBy Bernard Hickey
    2 weeks ago
  • Climate policy axed in broad daylight, while taxpayer liabilities grow in the dark
    In 2019, Shane Jones addressed the “50 Shades of Green” protest at Parliament: Now he is part of a government giving those farmers a pass on becoming part of the ETS, as well as threatening to lock in offshore oil exploration and mining for decades. Photo: Lynn GrievesonTL;DR: Here’s the ...
    The KakaBy Bernard Hickey
    2 weeks 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
    2 weeks 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
    2 weeks 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
    2 weeks 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 ...
    2 weeks 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
    2 weeks 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
    2 weeks ago

  • Transformative investment in cancer treatments and more new medicines
    The coalition Government is delivering up to 26 cancer treatments as part of an overall package of up to 54 more new medicines, Health Minister Dr Shane Reti and Associate Health Minister David Seymour announced today. “Pharmac estimates that around 175,000 people will benefit from the additional treatments in just ...
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    17 hours ago
  • More support for drought-affected communities
    The coalition Government is providing more financial support to drought-stricken farmers and growers in many parts of the country to help with essential living costs. “Rural Assistance Payments have been made available in 38 districts affected by dry conditions to help eligible farmers and growers whose income has taken a ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Job seekers to report on progress after six months from today
    A new requirement for people on Jobseeker Support benefits to meet with MSD after six months to assess how their job search is going gets underway today. About 20,000 Jobseeker beneficiaries with full-time work obligations are expected to attend MSD’s new ‘Work check-in’ seminars over the next 12 months, Social ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • New cops means more Police on the beat
    The decision to deploy more Police on the beat in Auckland CBD has been welcomed by Police Minister Mark Mitchell and Associate Police Minister Casey Costello. Starting from 1 July, an additional 21 police officers will be redeployed in Auckland City, bringing the total number of beat police in the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government takes action to address youth crime
    The Government is introducing a new declaration for young offenders to ensure they face tougher consequences and are better supported to turn their lives around, Children’s Minister Karen Chhour announced today. The establishment of a Young Serious Offender declaration delivers on a coalition Government commitment and supports the Government’s target ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Reserve Bank chair reappointed
    Professor Neil Quigley has been reappointed as Chair of the Reserve Bank of New Zealand Board for a further term of two years, until 30 June 2026.  “Professor Quigley has played a key role in establishing the new Board after the commencement of the new RBNZ Act on 1 July ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • School attendance increases
    School attendance data released today shows an increase in the number of students regularly attending school to 61.7 per cent in term one. This compares to 59.5 per cent in term one last year and 53.6 per cent in term four. “It is encouraging to see more children getting to ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Record investment in public transport services
    The Government has announced a record 41 per cent increase in indicative funding for public transport services and operations, and confirmed the rollout of the National Ticketing Solution (NTS) that will enable contactless debit and credit card payments starting this year in Auckland, Transport Minister Simeon Brown says.“This Government is ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • GDP data shows need to strengthen and grow the economy
    GDP figures for the March quarter reinforce the importance of restoring fiscal discipline to public spending and driving more economic growth, Finance Minister Nicola Willis says.  Data released today by Stats NZ shows GDP has risen 0.2 per cent for the quarter to March.   “While today’s data is technically in ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Women continue to make up over 50 per cent on public sector boards
    Women’s representation on public sector boards and committees has reached 50 per cent or above for the fourth consecutive year, with women holding 53.9 per cent of public sector board roles, Acting Minister for Women Louise Upston says. “This is a fantastic achievement, but the work is not done. To ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government supporting Māori business success
    The Coalition Government is supporting Māori to boost development and the Māori economy through investment in projects that benefit the regions, Regional Development Minister Shane Jones and Māori Development Minister Tama Potaka say. “As the Regional Development Minister, I am focused on supporting Māori to succeed. The Provincial Growth Fund ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Better solutions for earthquake-prone buildings
    Building and Construction Minister Chris Penk has announced that the review into better managing the risks of earthquake-prone buildings has commenced. “The terms of reference published today demonstrate the Government’s commitment to ensuring we get the balance right between public safety and costs to building owners,” Mr Penk says.  “The Government ...
    BeehiveBy beehive.govt.nz
    5 days 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
    5 days 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
    6 days 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
    6 days 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
    6 days 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
    7 days 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
    7 days 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
    7 days 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 ...
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    7 days 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
    7 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
    7 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 ...
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    1 week 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
    2 weeks 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 ...
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    2 weeks 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
    2 weeks 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
    2 weeks 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
    2 weeks 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 ...
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    2 weeks 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 ...
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    2 weeks 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 ...
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    2 weeks 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 ...
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    2 weeks 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 ...
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    2 weeks ago
  • Prime Minister Luxon meets with Premier Li
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    2 weeks ago
  • Government and business tackling gender pay gap
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    2 weeks ago
  • Funding Boost for Rural Support Trusts
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    2 weeks ago
  • Latest data shows size of public service decreasing
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    2 weeks 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
    2 weeks 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 ...
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    2 weeks ago
  • Inquiry requested into rural banking
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    2 weeks ago

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