In face of share market meltdown, Govt’s options limited

Written By: - Date published: 7:15 am, August 26th, 2015 - 55 comments
Categories: auckland supercity, bill english, debt / deficit, Economy, housing, john key, tax, treasury - Tags: , ,

By Simon Louisson

John Key says New Zealand has options in the face of a share market meltdown.

The Prime Minister says that New Zealand is not like Greece (well that’s a relief).

The question is how real are those options?

Enormous debt built up by six successive Budget deficits has limited options.

Government debt under the stewardship of Finance Minister Bill English has soared to $63 billion – some 26.5% of GDP – from just $17 billion, or 9.1% of GDP, in 2009 when National tool office.

And while the economy temporarily revived due to a spike in dairy prices and the stimulus of the Christchurch rebuild, Bill English discarded the concept of the “automatic stabilizer’, where you save in good times so you can spend in bad times.

Remember it is only three four years ago that international rating agencies Fitch and Standard and Poor’s downgraded New Zealand’s credit rating, citing concern over our high external debt.

S&P’s sovereign credit analyst Kyran Curry said then: “the lowering of the foreign and local currency long-term ratings follows our assessment of the likelihood that New Zealand’s external position will deteriorate further”.

Our economic strengths were “moderated by New Zealand’s very high external imbalances, which are accompanied by high household and agriculture sector debt, dependence on commodity income, and emerging fiscal pressures associated with its aging population”.

Downward pressure on New Zealand’s ratings could re-emerge if the external position deteriorated, added Mr Curry.

Shortly after the ratings downgrade, New Zealand’s external position improved, thanks to dairy prices, but that situation has drastically reversed in the last 18 months with the Global Dairy Trade Index down 62 percent from a peak in 2013.

As well, debt in the household and agricultural sectors has increased sharply, and the latter it is about to increase drastically with most dairy farms now being unprofitable.

And now, our economy is tracking on what Treasury euphemistically called “Scenario One” – ie a negative outlook.

Under Treasury’s Budget Scenario One economic forecast, where world prices for New Zealand’s commodity exports fall below the central forecast, New Zealand’s current account deficit jumps to 7.7% of GDP by the end of 2016, far worse than the 3.6% deficit in the year to March 31, 2015.

Such an ugly deficit will certainly make the rating agencies sit bolt upright.

The central forecast had wholemilk powder prices moving back by 2016 to US$3900/MT, far north of their current level of US$1856.

Mr Key told Radio NZ that fears about China’s outlook mainly revolved around the construction and investment sectors while New Zealand was happily exposed to the consumer sector. Well go look at the fall in milk powder prices Mr Key.

The effect of a credit rating cut is to make borrowing by the government or New Zealanders more expensive. It is a detrimental and serious event that has long-term negative economic implications.

So essentially, the option of stimulating the economy via increased spending, or tax cuts, which would each significantly add to debt, is seriously limited.

A second option cited by Mr Key is a potential sharper cut in interest rates than already contemplated by the central bank.

Unlike many of the world’s leading economies, New Zealand has not yet had to cut its interest rates to zero, so with the Official Cash Rate at 2.5% there is theoretically a degree of wriggle room.

However, even there, the rating agencies are poised like Jerome Keino ready to wack us as a sharp cut to interest rates would puff up the Auckland property market further.

S&P just this month cut the ratings of the New Zealand arms of the four big Australian banks, citing concern about the over-valued Auckland market.

It said that most financial institutions would be adversely affected if house prices in Auckland fell sharply, even if they didn’t lend much in that region. The agency said that was because of Auckland’s importance to the New Zealand economy, accounting for about 35% of national output.

Then on Monday, Reserve Bank Deputy Governor Grant Spencer said the potential for a bursting of the Auckland property bubble was a serious danger to both banks, the banking system as well as the economy as a whole.

A sharp cut in interest rates will therefore be problematic without further inflating the Auckland property bubble, thereby risking destabilizing the financial system, something the Reserve Bank has a statutory requirement to protect.

So while New Zealand may have more options than Greece, thanks to this Government’s profligate past spending, including irresponsible tax cuts, our options have narrowed drastically.

 


 

Simon Louisson is a former journalist who worked for NZPA, Reuters, AP Dow Jones and The Wall Street Journal, The Press, The Jerusalem Post and as a media and political adviser to the Green Party.

55 comments on “In face of share market meltdown, Govt’s options limited ”

  1. AmaKiwi 1

    +1

    In each of the past 30 years, only three OECD countries have NEVER had a year when they had a positive balance of trade: Greece, Australia, and New Zealand.

    IMO, these market drops signal a dramatic turn for the worse in a global sovereign debt crisis. If I am right, National has done everything WRONG. We are more in debt and far less able to cope than we were under Labour in 208.

    • save NZ 1.1

      +1 – the government should have continued to cut debt like under Labour. Instead they have spent the kitty and then some, AND MORE.

      Not content to get us into huge debt the Nats have also been busy selling our assets to their mates, power, land and state housing.

      Not even content to do just that they have ordered state owned companies like Solid Energy to take on more debt until they are now bankrupt so they could get more dividends (while still not being in surplus).

      Not content with that, they lowered the immigration investment criteria so now you get into the country by buying up residential property and farms!

      Not only content to do that, they set up crazy public private schemes like Serco to lose NZ jobs and pay more money to have worse public service, less jobs and the profits being sent offshore.

      Not only content to do that they set up crazy corporate welfare schemes like paying for SkyCities conference centre build and putting a vanity conference centre in Christchurch (where Joe Bloggs doesn’t even have an insurance pay out to provide a roof over their head).

      They are like SO CRAZY and irresponsible. It is like some sort of sick joke.

      And then having MSM do their dirty work by telling joe blogs how amazing they are running the economy.

      Words fail me.

      They are even worse than Muldoon’s crazy ideas.

      They are the LOONY RIGHTIES.

      • Chooky 1.1.1

        +100…”They are the LOONY RIGHTIES.”…corruption!

        ….they are working NOT for New Zealand and New Zealanders

        • save NZ 1.1.1.1

          And this, money not spent of social welfare but on consultants to take from the poor and give to the corporate rich.

          Cost of private contractors doubles to $11.9m at Ministry of Social Development
          Payments for private contractors at the Ministry of Social Development has skyrocketed to $11.9 million.
          The blow-out has resulted in a bill for taxpayers that is more than double the previous year.
          Figures from the Social Services Committee’s estimates examination reveal that at the same time the public service is being asked to be frugal, the ministry has spent up large on private contractors, including a $2.6m programme provided by Deloitte.
          The ministry spent $5.4m on contractors for the year to the end of March 2014, but that amount ballooned to almost $12m by the end of March this year.

        • save NZ 1.1.1.2

          +1 – I just hope these National MP’s unscrupulously selling off our country and doing criminal financial damage to the economy, get to taste a Serco prison first hand.

    • DS 1.2

      Quibble:

      New Zealand hasn’t had a Current Account surplus since 1974. We have trade surpluses all the time, but they are always outweighed by a severely negative balance of invisibles (profit flows and such).

  2. Ad 2

    The Key/English/Joyce handling of the economy is beginning to feel like the Robert Redford film “All Is Lost”, which consists of a series of flashbacks in which the sailor
    – chose not to plan
    – chose not to tell people where he was going
    – chose not to predict his risks
    – chose to go the unsafe and vulnerable route
    – chose the wrong equipment
    – chose to keep pressing ahead when it was going wrong

    …and then cries out “All Is Lost.”

    Now, I sure ain’t saying “All Is Lost”. Far from it.
    And I would hate to hear any alternative government sounding other than resolute and coherent rather than stoking public fear.

    But this government has consistently failed to plan, form new instruments, chart a course, tell people where it was going, or figured out how to change when things are going wrong.

    National are inferior government in a crisis.

    • One Anonymous Bloke 2.1

      Also, they’re an inferior government when there isn’t a crisis.

    • tracey 2.2

      except the government ministers are not suffering. They are not castaways, they are not bereft or hungry or thirsty.

      • Ad 2.2.1

        And clearly you’re not Robert Redford either.
        Go and figure out the definition of metaphor and come back.

  3. Charles 3

    Cool! The Nats are finally thinking of becoming responsible in the face of a crisis and spending to alleviate effects. This spending will include:

    Proactive job creation, public sector support for self-employment, small businesses, co-operative and community-owned enterprises. Expand the apprenticeship programme and greater availability of bridging courses for immigrants.

    Introduce a tax-free zone at the bottom end of the income scale.

    $6.8 million increase in support Initiatives to employ people with disabilities, mainly in the public sector.

    New top tax rate of 40 percent above $140,000. Tax credit giving an extra $60 a week to families; a non-discriminatory Parental Tax Credit of $220 a week in the first weeks of life for the poorest children; $500 million per year investment in children’s health and education to reduce the harm caused by poverty.

    $21 million a year to extend free GP visits to teenagers aged 13-17, abolish their prescription charges; a further $8 million a year to help GPs deal with the extra workload.

    Increase the minimum wage and ensure it cannot fall below 66% of the average wage.

    Set benefit amounts at a level sufficient for all basic needs of the individual/family: Protect all benefit levels by linking rates to a fixed percentage of the average wage (like superannuation).

    A two-tier benefit system consisting of a universal base rate that is enough to live on, with add-ons for specific circumstances, such as dependants, disability or chronic illness.

    A Universal Child Benefit with the ability to capitalise it towards a home deposit.

    Abolish stand-down periods, treat people aged 18 and over as adults for benefit purposes; no forced work for the dole.

    Oh wait no I was thinking of a Green government. Silly me. https://www.greens.org.nz/policy

    Oh, well then, what will happen is National will use this as an excuse to blame the unemployed, the vulnerable, extend zero hour contracts everywhere, privatise everything, throw those with the least power over their circumstances under the metaphorical luxury tour bus – or into private prisons – while handing out funds to the usual collection of people who don’t need it and waste it.

    • tracey 3.1

      I can always count on your to remind me that I have a pot on the hob… that needs more…

  4. tc 4

    As designed folks, the narrow ‘dairy is the new gold’ focus, hammering R&D, reduction in the govt asset base/revenue, foreign ownership is all good, Cullen fund is evil etc etc is what banksta john’s wrecking crew has been relentless about with TPPA coming along to further give away control and soverignty.

    Granny hardcopy leads today with a dog whistling piece on empty state houses playing her part on the diversion front giving the flag a rest probably.

  5. Stuart Munro 5

    The Key government aren’t actually any good at this economics stuff. They just swallow and regurgitate any daft line from the fantasists at Treasury. Among the many options this government faces the service revolver and the decent thing is not the worst.

  6. tracey 6

    I thought I heard Key imply when asked about plan B that he didnt need one cos PLan A is working?

  7. linda 7

    I think national party voters should. Pay the rest of us cant we are stone broke as it is

  8. Anno1701 8

    makes you wonder if JK is our “economic hitman”

  9. Michael 9

    I hate to give National any satisfaction, but this post is wrong.

    a) National was right to run deficits after the GFC as balancing the books when the economy was not running at capacity would have harmed the economy and worsened unemployment.

    b) Debt being 26% of GDP still places us as one of the lowest debtors in the OECD. We can afford to run more deficits if the economy worsens. Debt below ~60% of GDP is considered sustainable, I believe. (And you don’t really get into a Greece-style crisis until you get to like 100-150% of GDP).

    But one point I will make to criticise:
    a) Increasing debt to cut taxes for the wealthy was extremely stupid. National’s tax cuts for the lower tax brackets made sense – that’s classic Keynesianism. But the top rate should not have been changed.

    • dukeofurl 9.1

      Trouble is this year which is supposed to be a ‘near surplus’ is in reality a cash deficit of $5-7 Billion. Thats 7% of government spending. Any economic slowing and the cash deficit ( which is the amount borrowed) gets to 10% of total spending very quickly.

    • Lara 9.2

      Your first point a) may have been true for a couple of years, or maybe even up to four years after the GFC ended, but not the last couple of years at least.

      The GFC ended (at least, the markets made their final lows and thereafter have been in a bull market since) in 2009.

      So for a couple of years after that then yes, running a deficit would be okay. With the strong caveat that only so long as the extra spending was carefully targeted to STIMULATE THE ECONOMY.

      But six years? Six years after the GFC ended? That’s ridiculous. Those last years were a bull market, a long one, with economic recovery. That’s the time to put money aside to weather the next storm, not continue to run deficits and leave the economy less able to weather the next storm.

      • Colonial Viper 9.2.1

        Don’t mix up the bullish state of the financial markets in the last couple of years – fed by a QE I.V. drip of brand new electronic cash direct injected into the markets daily feeding asset price bubbles as well as ZIRP/NIRP – to the state of the global real economy over the same time frame.

        The Wall St/Main St divide has never been greater.

        • Lara 9.2.1.1

          This is true, that inequality and the divide between financial markets and the rest of the economy is great.

          But NZ has still had overall growth in our GDP (with the exception of 2011) for most of National’s reign.

          And although there is a gap between financial markets and the rest of the economy (which is highly problematic) there has been some filter through to the wider economy.

          It’s just not true to say that NZ has been suffering from the effects of the GFC enough for deficits to be run consistently all these years.

          • Colonial Viper 9.2.1.1.1

            The NZ money supply depends on debt, because our government does not issue the money it needs itself.

            Foreign companies take approx $15B out of the country annually, we import more than we export, and the country runs a chronic current account deficit.

            Net, the NZ economy is depleted of many billions of dollars of cash a year.

            If the government were to also start running a surplus i.e. taking more out of the economy than it spends into the economy, it will further exacerbate this extraction of cash out of the NZ economy.

            The result, over time, will be a recession and economic crisis.

            • Lara 9.2.1.1.1.1

              I agree completely.

              I’m approaching the topic from the mantra of a National supporter. They seem to think a surplus is a good thing, and that National are always just about to produce one, and when they don’t’ keep blaming it on Labour and GFC.

              My point is that is bullshit.

              And I’m aware of how money works, that it is created new as debt by private banks.

              And I’m also aware that this is not the only possible way of structuring our monetary supply, in fact, it seems really dumb to keep doing it this way. Iceland is onto it.

              But while we operate in a money = debt system and while we get into ever increasing debt, the interest must be repaid. If this is the system they insist on then they need to reduce debt in good times so that they are ready for bad times.

              I have read plenty of Bernard LIeater’s ideas, and Margrit Kennedy’s too.

      • Michael 9.2.2

        That’s why I mentioned the tax cuts for the wealthy. Now *that* was profligate. If National had not done that, then the books probably would have balanced themselves a bit faster.

        But other than reversing those tax cuts, National should not have raised taxes or cut spending elsewhere to get the deficit down faster. In 2007/08 the unemployment rate was between 3 and 4 percent. It peaked above 7 percent around 2012 or 2013. We didn’t see a more solid recovery in that rate until 2014. So that’s 5 years after the GFC ‘ended’.

        So sure 6 years after the GFC might be a bit excessive. But we still were quite far from running at capacity until early 2014, so the deficit should not have been forced down. I think if National hadn’t cut taxes for higher income earners, we probably would’ve seen the books balanced by then.

        But I think it was completely justified to deficit spend and keep easy monetary policies until 4 or 5 years after the GFC officially ended, sure. I do agree that we should have seen the books balanced by now, though, so we can be prepared to stimulate the economy in case the China crisis snowballs.

        • Colonial Viper 9.2.2.1

          Governments cannot ‘balance the books’ if a country has a chronic current account deficit like we do.

        • Lara 9.2.2.2

          Yes, I do tend to agree with you.

          I’m just really sick of National supporters blaming this governments lack of financial management, the consistent deficits and increasing government debt on the GFC which ended years ago.

          Their supporters are so sure National is a good manager of the economy, all the while they have never actually produced a surplus while repeatedly promising it’s just around the corner, and blaming it all on Labour and the GFC which damn well ended years ago.

          I do agree the “recovery” is a fake. And I expect it’s beginning to all unravel now.

    • Stuart Munro 9.3

      Don’t confuse the incompetent inability to run surpluses with stimulus spending. Those tax cuts were paid for by austerity measures that more than consumed any stimulatory effect. Tax cuts are invariably a remarkably poor stimulus – they feed into the wrong end of the economy.

      We’re in trouble – and the reason we’re in trouble is our economic management is hopelessly captured by neo-liberal cultists. Whatever goes wrong their answer is to steal more public assets.

      This government are looters – only in power for what they can steal. The public should impose martial law on them until the crisis abates. Martial law usually includes shooting looters.

    • Pat 9.4

      debt is approx 37% of GDP…from near zero under Labour

  10. SPC 10

    The OCR was reduced to 3% in July.

    It is not 2.5%, it is forecast to reduce to 2.5% later this year.

    • lprent 10.1

      Agreed. A bit pedantic though

      By now I’d say that the drop is built into everything that the market already does. It is even more likely to go ahead now that the overseas trade is falling.

      The only thing that appeared to have been staying the RBNZ’s hand last year was that it might heat up the Auckland housing market further. However it has become quite apparent over the last 18 months that the money fuelling that is from financing sources outside of the local mortgage markets, and therefore unaffected by OCR rates.

  11. SPC 11

    The most obvious option is to introduce unemployment insurance.

    A pool of money available to pay people for up to 12 months unemployment keeps the economy intact despite job loss – it also means there is no shock to the government budget from benefit cost rise.

    Re property, a surcharge on investment property mortgages would help to calm speculation driven buying and assist resort to a lower OCR/dollar.

    • Craig H 11.1

      I don’t care how it’s done (UBI is my personal preference), but anything that eliminates benefit-bashing is good in my books.

    • Tricledrown 11.2

      That’s not working very well in the US ,ACT style policy.

      • SPC 11.2.1

        Unemployment insurance is not ACT style policy. And they do not have universal unemployment insurance in the USA. They simply have a limited term for UB.

  12. Richard@Down South 12

    The Government crippled the economy when they lead a ‘cut costs at all expenses’ crusade… It didn’t matter what it did to each government dept, as long as costs were cut…

    Private industry was hardly going to look at what the government was doing and go ‘now is a good time to invest and hire new staff (unless you had an up and coming plan/project which had a good chance of succeeding), so most businesses hunkered down, and waited for the ‘economic recovery’ which never came

    Instead, the Government could have made smart choices, invested in real job growth, not changed the GST rate/upper tax rates (a move which was supposed to be revenue neutral but wasnt)… Instead of selling off assets because it is a core belief, they could have kept them and in a few years, we’d have been in a better position than we will be due to the sell off (i believe its 7 years from sale date that we lose any benefit due to what we would have gotten in dividends)

  13. RedBaronCV 13

    I Think I would change the heading “Govts options are limited” sounds like they are caught in something they haven’t contributed to.
    Something harsher like “Govt ensures we have no options ” but I’m sure there are better ways of saying this

  14. Nic the NZer 14

    [lprent: This is a simply awful comment – appears to have been written by a economic idiot doing a diversion comment and not even explaining what their alternatives are. ]

    This is a simply awful article. The author disqualifies himself from ever writing about the economy again due to his total ignorance.

    Question: can NZ ever become like Greece?
    Authors Answer: Yes, maybe.
    Actual Answer: No never, because NZ has its own currency, unlike Greece.

    [lprent: Author never said that anywhere. ]

    Question: should we be concerned about credit rating downgrades?
    Authors Answer: Yes.
    Actual Answer: No never, because NZ has its own currency.

    [lprent: The issue is about debt, specifically sovereign debt which is about how governments raise money offshore in overseas currencies. We raise bugger all sovereign debt inside NZ because our savings levels are too low. Local currency has very little to do with overseas debt except in the export/import balances in paying it back. ]

    Question: should the government stimulate the economy with tax cuts or spending?
    Authors Answer: No, not an option, because it will add to the deficit.
    Actual Answer: Yes, definitely, the government should have already been doing more due to a 5%+ unemployment rate.

    [lprent: He didn’t say anything of the sort. It can only be done if the government wishes to raise debt offshore, or raises local taxes, or causes inflation in prices by printing money or by arbitrary confiscations. (And you didn’t explain any other method). What he said was that using the first was a problem. ]

    Then a discussion about interest rates, apparently the more viable but still problematic alternative. But completely missing the point that the housing market slowing dramatically is a likely underlying cause of the recession at which point your no longer concerned about housing market inflation.

    [lprent: You appear to have been reading a different article. The discussion was about the Reserve Bank’s OCR rate, the rating agencies response to it, and the danger to banks if there was a pop in the housing market. ]

    Obviously by dismissing the best, option for dealing with a likely recession you are going to be left with poor alternatives. Deficit fetishism is doing the country tremendous harm.

    [lprent: And then you didn’t bother to explain what your alternative was. Banned one week for doing a diversion on this post and attacking an author personally. I don’t care if you disagree, but to deliberately misrepresent what the author is saying, and then not even put your own ideas forward is outright stupid. Also tucking this at the end of the comments on this post ]

    • dukeofurl 14.1

      Glad someone pulled apart Nics farrago.

      One other economic lever Key said we could use was ‘lower interest rates’

      Which had me gobsmacked. The Reserve Bank governor is the only one who can set an ‘official interest rate’, and this was because it was taken out of the hands of politicians.

      Last time I checked the only mandate of the RBG was price stability in a certain range. Nowhere is there and requirement ( like other countries) for other economic indicators like reducing unemployment, or growing the economy etc.

      Has Key really thrown the RBG under the bus and the long held economic stability model that goes with it ? Is this the new Muldoon !

    • Wayne 14.2

      Another example of unreasonable banning by Iprent. I appreciate its your blog, but seriously Nic the NZer does not deserve the over the top reaction by you. And if you want to ban me as well because I question your decision, well, its your blog, so its your choice.

      [lprent: Hey don’t tempt me. My usual response to that plea is assist in the self-martyrdom that you are so clearly requesting. I figure that those making that plea should have what they are asking for in full, so I usually quadruple sentences.

      But in this case no. The comment was left in the post with my demonstration of a moderator doing exactly the same style of personal attack in return for a reason. Therefore to allow discussion on why I did it that way. See my comment in reply further down the page. ]

      • dukeofurl 14.2.1

        Banned one week for doing a diversion on this post and attacking an author personally. Im sure this nonsense did it:
        “The author disqualifies himself from ever writing about the economy again due to his total ignorance.”
        Everyone has a go at you wayne but authors are a different category

      • les 14.2.2

        have to agree with you there Wayne..he must have got out of the wrong side of the bed this morning.

        • dukeofurl 14.2.2.1

          read what the banning notice said, attacking the authors is a big no no.
          writing gibberish didnt help

      • Stuart Munro 14.2.3

        Actually Nic was behaving abnormally stupidly.

        should we be concerned about credit rating downgrades?
        Authors Answer: Yes.
        Actual Answer: No never, because NZ has its own currency.

        So credit downgrades make no difference? They don’t affect for example the cost of borrowing? The interest when for example you’ve blown $101 billion by truly spectacular incompetence is more if your credit rating is lower. Magic foreign investment fairies don’t make that go away.

        Like most of you untruthful ultra-righties Wayne, Nic would not survive what he deserves.

      • lprent 14.2.4

        I am always very unreasonable when people personally attack authors, and that was pretty clearly an attack on the author rather than what they wrote about.

        If it’d been a deconstruction of what was in the post, then Nic would have put in their preferred alternatives and left out the personal attack at the start.

        You’ll note that I did EXACTLY the same kind of attack on Nic that Nic did on Simon. This is part of my usual strategy to demonstrate why people shouldn’t use certain techniques unless they are willing to have the same ones used by me against them. Which is why I have this rather hurt email in my mailbox this morning from Nic.

        We need authors a damn sight more than we need commenters. Which is why attacking them on a personal basis is a risky business if people want to continue commenting here. Attack what they are saying, sure. But do not expect to do so when not offering anything as alternatives or without pointing to actual facts. That is a classic avoidance strategy of someone wanting to be a lazy critic without the moral and intellectual underpinnings to frame an effective criticism. It is what you do when you want to frame a personal attack. And leading off with something like

        The author disqualifies himself from ever writing about the economy again due to his total ignorance.

        is pretty hard to view as being anything apart from a personal attack.

        Normally I try to let authors deal with these as much as possible, and acting as a backup. However you’ll usually find me swinging my size 11’s in the same vein as any arsehole commenter (except far far worse) as soon as it is a post by a guest author, or a new author.

        I find it keeps most of the new authors entering the blogging environment happier if they know someone will deal with people being idiots.

Links to post

Recent Posts

  • Can taxpayers be confident PIJF cash was spent wisely?
    Graham Adams writes about the $55m media fund — When Patrick Gower was asked by Mike Hosking last week what he would say to the many Newstalk ZB callers who allege the Labour government bribed media with $55 million of taxpayers’ money via the Public Interest Journalism Fund — and ...
    Point of OrderBy gadams1000
    6 hours ago
  • EGU2024 – An intense week of joining sessions virtually
    Note: this blog post has been put together over the course of the week I followed the happenings at the conference virtually. Should recordings of the Great Debates and possibly Union Symposia mentioned below, be released sometime after the conference ends, I'll include links to the ones I participated in. ...
    8 hours ago
  • Submission on “Fast Track Approvals Bill”
    The following was my submission made on the “Fast Track Approvals Bill”. This potential law will give three Ministers unchecked powers, un-paralled since the days of Robert Muldoon’s “Think Big” projects.The submission is written a bit tongue-in-cheek. But it’s irreverent because the FTAB is in itself not worthy of respect. ...
    Frankly SpeakingBy Frank Macskasy
    9 hours ago
  • The Case for a Universal Family Benefit
    One Could Reduce Child Poverty At No Fiscal CostFollowing the Richardson/Shipley 1990 ‘redesign of the welfare state’ – which eliminated the universal Family Benefit and doubled the rate of child poverty – various income supplements for families have been added, the best known being ‘Working for Families’, introduced in 2005. ...
    PunditBy Brian Easton
    10 hours ago
  • A who’s who of New Zealand’s dodgiest companies
    Submissions on National's corrupt Muldoonist fast-track law are due today (have you submitted?), and just hours before they close, Infrastructure Minister Chris Bishop has been forced to release the list of companies he invited to apply. I've spent the last hour going through it in an epic thread of bleats, ...
    No Right TurnBy Idiot/Savant
    12 hours ago
  • On Lee’s watch, Economic Development seems to be stuck on scoring points from promoting sporting e...
    Buzz from the Beehive A few days ago, Point of Order suggested the media must be musing “on why Melissa is mute”. Our article reported that people working in the beleaguered media industry have cause to yearn for a minister as busy as Melissa Lee’s ministerial colleagues and we drew ...
    Point of OrderBy Bob Edlin
    13 hours ago
  • New Zealand has never been closed for business
    1. What was The Curse of Jim Bolger?a. Winston Peters b. Soon after shaking his hand, world leaders would mysteriously lose office or shuffle off this mortal coilc. Could never shake off the Mother of All Budgetsd. Dandruff2. True or false? The Chairman of a Kiwi export business has asked the ...
    More Than A FeildingBy David Slack
    14 hours ago
  • Stop the panic – we’ve been here before
    Jack Vowles writes – New Zealand is said to be suffering from ‘serious populist discontent’. An IPSOS MORI survey has reported that we have an increasing preference for strong leaders, think that the economy is rigged toward the rich and powerful, and political elites are ignoring ‘hard-working people’.  ...
    Point of OrderBy poonzteam5443
    17 hours ago
  • Melissa Lee and the media: ending the quest
    Chris Trotter writes –  MELISSA LEE should be deprived of her ministerial warrant. Her handling – or non-handling – of the crisis engulfing the New Zealand news media has been woeful. The fate of New Zealand’s two linear television networks, a question which the Minister of Broadcasting, Communications ...
    Point of OrderBy Bob Edlin
    18 hours ago
  • The Hoon around the week to April 19
    TL;DR: The podcast above features co-hosts and , along with regular guests Robert Patman on Gaza and AUKUS II, and on climate change.The six things that mattered in Aotearoa’s political economy that we wrote and spoke about via The Kākā and elsewhere for paying subscribers in the ...
    The KakaBy Bernard Hickey
    18 hours ago
  • The ‘Humpty Dumpty’ end result of dismantling our environmental protections
    Policymakers rarely wish to make plain or visible their desire to dismantle environmental policy, least of all to the young. Photo: Lynn GrievesonTL;DR: Here’s the top five news items of note in climate news for Aotearoa-NZ this week, and a discussion above between Bernard Hickey and The Kākā’s climate correspondent ...
    The KakaBy Bernard Hickey
    19 hours ago
  • Nicola's Salad Days.
    I like to keep an eye on what’s happening in places like the UK, the US, and over the ditch with our good mates the Aussies. Let’s call them AUKUS, for want of a better collective term. More on that in a bit.It used to be, not long ago, that ...
    Nick’s KōreroBy Nick Rockel
    20 hours ago
  • Study sees climate change baking in 19% lower global income by 2050
    TL;DR: The global economy will be one fifth smaller than it would have otherwise been in 2050 as a result of climate damage, according to a new study by the Potsdam Institute for Climate Impact Research (PIK) and published in the journal Nature. (See more detail and analysis below, and ...
    The KakaBy Bernard Hickey
    20 hours ago
  • Weekly Roundup 19-April-2024
    It’s Friday again. Here’s some of the things that caught our attention this week. This Week on Greater Auckland On Tuesday Matt covered at the government looking into a long tunnel for Wellington. On Wednesday we ran a post from Oscar Simms on some lessons from Texas. AT’s ...
    21 hours ago
  • Jack Vowles: Stop the panic – we’ve been here before
    New Zealand is said to be suffering from ‘serious populist discontent’. An IPSOS MORI survey has reported that we have an increasing preference for strong leaders, think that the economy is rigged toward the rich and powerful, and political elites are ignoring ‘hard-working people’.  The data is from February this ...
    Democracy ProjectBy bryce.edwards
    23 hours ago
  • Clearing up confusion (or trying to)
    Foreign Minister Winston Peters is understood to be planning a major speech within the next fortnight to clear up the confusion over whether or not New Zealand might join the AUKUS submarine project. So far, there have been conflicting signals from the Government. RNZ reported the Prime Minister yesterday in ...
    PolitikBy Richard Harman
    24 hours ago
  • How to Retrieve Deleted Call Log iPhone Without Computer
    How to Retrieve Deleted Call Log on iPhone Without a Computer: A StepbyStep Guide Losing your iPhone call history can be frustrating, especially when you need to find a specific number or recall an important conversation. But before you panic, know that there are ways to retrieve deleted call logs on your iPhone, even without a computer. This guide will explore various methods, ranging from simple checks to utilizing iCloud backups and thirdparty applications. So, lets dive in and recover those lost calls! 1. Check Recently Deleted Folder: Apple understands that accidental deletions happen. Thats why they introduced the Recently Deleted folder for various apps, including the Phone app. This folder acts as a safety net, storing deleted call logs for up to 30 days before permanently erasing them. Heres how to check it: Open the Phone app on your iPhone. Tap on the Recents tab at the bottom. Scroll to the top and tap on Edit. Select Show Recently Deleted. Browse the list to find the call logs you want to recover. Tap on the desired call log and choose Recover to restore it to your call history. 2. Restore from iCloud Backup: If you regularly back up your iPhone to iCloud, you might be able to retrieve your deleted call log from a previous backup. However, keep in mind that this process will restore your entire phone to the state it was in at the time of the backup, potentially erasing any data added since then. Heres how to restore from an iCloud backup: Go to Settings > General > Reset. Choose Erase All Content and Settings. Follow the onscreen instructions. Your iPhone will restart and show the initial setup screen. Choose Restore from iCloud Backup during the setup process. Select the relevant backup that contains your deleted call log. Wait for the restoration process to complete. 3. Explore ThirdParty Apps (with Caution): ...
    1 day ago
  • How to Factory Reset iPhone without Computer: A Comprehensive Guide to Restoring your Device
    Life throws curveballs, and sometimes, those curveballs necessitate wiping your iPhone clean and starting anew. Whether you’re facing persistent software glitches, preparing to sell your device, or simply wanting a fresh start, knowing how to factory reset iPhone without a computer is a valuable skill. While using a computer with ...
    1 day ago
  • How to Call Someone on a Computer: A Guide to Voice and Video Communication in the Digital Age
    Gone are the days when communication was limited to landline phones and physical proximity. Today, computers have become powerful tools for connecting with people across the globe through voice and video calls. But with a plethora of applications and methods available, how to call someone on a computer might seem ...
    1 day ago
  • Skeptical Science New Research for Week #16 2024
    Open access notables Glacial isostatic adjustment reduces past and future Arctic subsea permafrost, Creel et al., Nature Communications: Sea-level rise submerges terrestrial permafrost in the Arctic, turning it into subsea permafrost. Subsea permafrost underlies ~ 1.8 million km2 of Arctic continental shelf, with thicknesses in places exceeding 700 m. Sea-level variations over glacial-interglacial cycles control ...
    1 day ago
  • Where on a Computer is the Operating System Generally Stored? Delving into the Digital Home of your ...
    The operating system (OS) is the heart and soul of a computer, orchestrating every action and interaction between hardware and software. But have you ever wondered where on a computer is the operating system generally stored? The answer lies in the intricate dance between hardware and software components, particularly within ...
    1 day ago
  • How Many Watts Does a Laptop Use? Understanding Power Consumption and Efficiency
    Laptops have become essential tools for work, entertainment, and communication, offering portability and functionality. However, with rising energy costs and growing environmental concerns, understanding a laptop’s power consumption is more important than ever. So, how many watts does a laptop use? The answer, unfortunately, isn’t straightforward. It depends on several ...
    1 day ago
  • How to Screen Record on a Dell Laptop A Guide to Capturing Your Screen with Ease
    Screen recording has become an essential tool for various purposes, such as creating tutorials, capturing gameplay footage, recording online meetings, or sharing information with others. Fortunately, Dell laptops offer several built-in and external options for screen recording, catering to different needs and preferences. This guide will explore various methods on ...
    1 day ago
  • How Much Does it Cost to Fix a Laptop Screen? Navigating Repair Options and Costs
    A cracked or damaged laptop screen can be a frustrating experience, impacting productivity and enjoyment. Fortunately, laptop screen repair is a common service offered by various repair shops and technicians. However, the cost of fixing a laptop screen can vary significantly depending on several factors. This article delves into the ...
    1 day ago
  • How Long Do Gaming Laptops Last? Demystifying Lifespan and Maximizing Longevity
    Gaming laptops represent a significant investment for passionate gamers, offering portability and powerful performance for immersive gaming experiences. However, a common concern among potential buyers is their lifespan. Unlike desktop PCs, which allow for easier component upgrades, gaming laptops have inherent limitations due to their compact and integrated design. This ...
    1 day ago
  • Climate Change: Turning the tide
    The annual inventory report of New Zealand's greenhouse gas emissions has been released, showing that gross emissions have dropped for the third year in a row, to 78.4 million tons: All-told gross emissions have decreased by over 6 million tons since the Zero Carbon Act was passed in 2019. ...
    No Right TurnBy Idiot/Savant
    1 day ago
  • How to Unlock Your Computer A Comprehensive Guide to Regaining Access
    Experiencing a locked computer can be frustrating, especially when you need access to your files and applications urgently. The methods to unlock your computer will vary depending on the specific situation and the type of lock you encounter. This guide will explore various scenarios and provide step-by-step instructions on how ...
    2 days ago
  • Faxing from Your Computer A Modern Guide to Sending Documents Digitally
    While the world has largely transitioned to digital communication, faxing still holds relevance in certain industries and situations. Fortunately, gone are the days of bulky fax machines and dedicated phone lines. Today, you can easily send and receive faxes directly from your computer, offering a convenient and efficient way to ...
    2 days ago
  • Protecting Your Home Computer A Guide to Cyber Awareness
    In our increasingly digital world, home computers have become essential tools for work, communication, entertainment, and more. However, this increased reliance on technology also exposes us to various cyber threats. Understanding these threats and taking proactive steps to protect your home computer is crucial for safeguarding your personal information, finances, ...
    2 days ago
  • Server-Based Computing Powering the Modern Digital Landscape
    In the ever-evolving world of technology, server-based computing has emerged as a cornerstone of modern digital infrastructure. This article delves into the concept of server-based computing, exploring its various forms, benefits, challenges, and its impact on the way we work and interact with technology. Understanding Server-Based Computing: At its core, ...
    2 days ago
  • Vroom vroom go the big red trucks
    The absolute brass neck of this guy.We want more medical doctors, not more spin doctors, Luxon was saying a couple of weeks ago, and now we’re told the guy has seven salaried adults on TikTok duty. Sorry, doing social media. The absolute brass neck of it. The irony that the ...
    More Than A FeildingBy David Slack
    2 days ago
  • Jones finds $410,000 to help the government muscle in on a spat project
    Buzz from the Beehive Oceans and Fisheries Minister Shane Jones relishes spatting and eagerly takes issue with environmentalists who criticise his enthusiasm for resource development. He relishes helping the fishing industry too. And so today, while the media are making much of the latest culling in the public service to ...
    Point of OrderBy Bob Edlin
    2 days ago
  • Again, hate crimes are not necessarily terrorism.
    Having written, taught and worked for the US government on issues involving unconventional warfare and terrorism for 30-odd years, two things irritate me the most when the subject is discussed in public. The first is the Johnny-come-lately academics-turned-media commentators who … Continue reading ...
    KiwipoliticoBy Pablo
    2 days ago
  • Despair – construction consenting edition
    Eric Crampton writes – Kainga Ora is the government’s house building agency. It’s been building a lot of social housing. Kainga Ora has its own (but independent) consenting authority, Consentium. It’s a neat idea. Rather than have to deal with building consents across each different territorial authority, Kainga Ora ...
    Point of OrderBy poonzteam5443
    2 days ago
  • Coalition promises – will the Govt keep the commitment to keep Kiwis equal before the law?
    Muriel Newman writes – The Coalition Government says it is moving with speed to deliver campaign promises and reverse the damage done by Labour. One of their key commitments is to “defend the principle that New Zealanders are equal before the law.” To achieve this, they have pledged they “will not advance ...
    Point of OrderBy poonzteam5443
    2 days ago
  • An impermanent public service is a guarantee of very little else but failure
    Chris Trotter writes –  The absence of anything resembling a fightback from the public servants currently losing their jobs is interesting. State-sector workers’ collective fatalism in the face of Coalition cutbacks indicates a surprisingly broad acceptance of impermanence in the workplace. Fifty years ago, lay-offs in the thousands ...
    Point of OrderBy poonzteam5443
    2 days ago
  • What happens after the war – Mariupol
    Mariupol, on the Azov Sea coast, was one of the first cities to suffer almost complete destruction after the start of the Ukraine War started in late February 2022. We remember the scenes of absolute destruction of the houses and city structures. The deaths of innocent civilians – many of ...
    2 days ago
  • Babies and benefits – no good news
    Lindsay Mitchell writes – Ten years ago, I wrote the following in a Listener column: Every year around one in five new-born babies will be reliant on their caregivers benefit by Christmas. This pattern has persisted from at least 1993. For Maori the number jumps to over one in three.  ...
    Point of OrderBy poonzteam5443
    2 days ago
  • Should the RBNZ be looking through climate inflation?
    Climate change is expected to generate more and more extreme events, delivering a sort of structural shock to inflation that central banks will have to react to as if they were short-term cyclical issues. Photo: Lynn Grieveson / The KākāMy pick of the six newsey things to know from Aotearoa’s ...
    The KakaBy Bernard Hickey
    2 days ago
  • Bernard's pick 'n' mix of the news links
    The top six news links I’ve seen elsewhere in the last 24 hours, as of 9:16 am on Thursday, April 18 are:Housing: Tauranga residents living in boats, vans RNZ Checkpoint Louise TernouthHousing: Waikato councillor says wastewater plant issues could hold up Sleepyhead building a massive company town Waikato Times Stephen ...
    The KakaBy Bernard Hickey
    2 days ago
  • Gordon Campbell on the public sector carnage, and misogyny as terrorism
    It’s a simple deal. We pay taxes in order to finance the social services we want and need. The carnage now occurring across the public sector though, is breaking that contract. Over 3,000 jobs have been lost so far. Many are in crucial areas like Education where the impact of ...
    2 days ago
  • Meeting the Master Baiters
    Hi,A friend had their 40th over the weekend and decided to theme it after Curb Your Enthusiasm fashion icon Susie Greene. Captured in my tiny kitchen before I left the house, I ending up evoking a mix of old lesbian and Hillary Clinton — both unintentional.Me vs Hillary ClintonIf you’re ...
    David FarrierBy David Farrier
    2 days ago
  • How extreme was the Earth's temperature in 2023
    This is a re-post from Andrew Dessler at the Climate Brink blog In 2023, the Earth reached temperature levels unprecedented in modern times. Given that, it’s reasonable to ask: What’s going on? There’s been lots of discussions by scientists about whether this is just the normal progression of global warming or if something ...
    2 days ago
  • Backbone, revisited
    The schools are on holiday and the sun is shining in the seaside village and all day long I have been seeing bunches of bikes; Mums, Dads, teens and toddlers chattering, laughing, happy, having a bloody great time together. Cheers, AT, for the bits of lane you’ve added lately around the ...
    More Than A FeildingBy David Slack
    3 days ago
  • Ministers are not above the law
    Today in our National-led authoritarian nightmare: Shane Jones thinks Ministers should be above the law: New Zealand First MP Shane Jones is accusing the Waitangi Tribunal of over-stepping its mandate by subpoenaing a minister for its urgent hearing on the Oranga Tamariki claim. The tribunal is looking into the ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • What’s the outfit you can hear going down the gurgler? Probably it’s David Parker’s Oceans Sec...
    Buzz from the Beehive Point  of Order first heard of the Oceans Secretariat in June 2021, when David Parker (remember him?) announced a multi-agency approach to protecting New Zealand’s marine ecosystems and fisheries. Parker (holding the Environment, and Oceans and Fisheries portfolios) broke the news at the annual Forest & ...
    Point of OrderBy Bob Edlin
    3 days ago
  • Will politicians let democracy die in the darkness?
    Bryce Edwards writes  – Politicians across the political spectrum are implicated in the New Zealand media’s failing health. Either through neglect or incompetent interventions, successive governments have failed to regulate, foster, and allow a healthy Fourth Estate that can adequately hold politicians and the powerful to account. ...
    Point of OrderBy poonzteam5443
    3 days ago
  • Matt Doocey doubles down on trans “healthcare”
    Citizen Science writes –  Last week saw two significant developments in the debate over the treatment of trans-identifying children and young people – the release in Britain of the final report of Dr Hilary Cass’s review into gender healthcare, and here in New Zealand, the news that the ...
    Point of OrderBy poonzteam5443
    3 days ago
  • A TikTok Prime Minister.
    One night while sleeping in my bed I had a beautiful dreamThat all the people of the world got together on the same wavelengthAnd began helping one anotherNow in this dream, universal love was the theme of the dayPeace and understanding and it happened this wayAfter such an eventful day ...
    Nick’s KōreroBy Nick Rockel
    3 days ago
  • Texas Lessons
    This is a guest post by Oscar Simms who is a housing activist, volunteer for the Coalition for More Homes, and was the Labour Party candidate for Auckland Central at the last election. ...
    Greater AucklandBy Guest Post
    3 days ago
  • Bernard's pick 'n' mix of the news links at 6:06 am
    The top six news links I’ve seen elsewhere in the last 24 hours as of 6:06 am on Wednesday, April 17 are:Must read: Secrecy shrouds which projects might be fast-tracked RNZ Farah HancockScoop: Revealed: Luxon has seven staffers working on social media content - partly paid for by taxpayer Newshub ...
    The KakaBy Bernard Hickey
    3 days ago
  • Fighting poverty on the holiday highway
    Turning what Labour called the “holiday highway” into a four-lane expressway from Auckland to Whangarei could bring at least an economic benefit of nearly two billion a year for Northland each year. And it could help bring an end to poverty in one of New Zealand’s most deprived regions. The ...
    PolitikBy Richard Harman
    3 days ago
  • Bernard's six-stack of substacks at 6:26 pm
    Tonight’s six-stack includes: launching his substack with a bunch of his previous documentaries, including this 1992 interview with Dame Whina Cooper. and here crew give climate activists plenty to do, including this call to submit against the Fast Track Approvals bill. writes brilliantly here on his substack ...
    The KakaBy Bernard Hickey
    3 days ago
  • At a glance – Is the science settled?
    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 ...
    3 days ago
  • Apposite Quotations.
    How Long Is Long Enough? Gaza under Israeli bombardment, July 2014. This posting is exclusive to Bowalley Road. ...
    4 days ago
  • What’s a life worth now?
    You're in the mall when you hear it: some kind of popping sound in the distance, kids with fireworks, maybe. But then a moment of eerie stillness is followed by more of the fireworks sound and there’s also screaming and shrieking and now here come people running for their lives.Does ...
    More Than A FeildingBy David Slack
    4 days ago
  • Howling at the Moon
    Karl du Fresne writes –  There’s a crisis in the news media and the media are blaming it on everyone except themselves. Culpability is being deflected elsewhere – mainly to the hapless Minister of Communications, Melissa Lee, and the big social media platforms that are accused of hoovering ...
    Point of OrderBy poonzteam5443
    4 days ago
  • Newshub is Dead.
    I don’t normally send out two newsletters in a day but I figured I’d say something about… the news. If two newsletters is a bit much then maybe just skip one, I don’t want to overload people. Alternatively if you’d be interested in sometimes receiving multiple, smaller updates from me, ...
    Nick’s KōreroBy Nick Rockel
    4 days ago
  • Seymour is chuffed about cutting early-learning red tape – but we hear, too, that Jones has loose...
    Buzz from the Beehive David Seymour and Winston Peters today signalled that at least two ministers of the Crown might be in Wellington today. Seymour (as Associate Minister of Education) announced the removal of more red tape, this time to make it easier for new early learning services to be ...
    Point of OrderBy Bob Edlin
    4 days ago
  • Bryce Edwards: Will politicians let democracy die in the darkness?
    Politicians across the political spectrum are implicated in the New Zealand media’s failing health. Either through neglect or incompetent interventions, successive governments have failed to regulate, foster, and allow a healthy Fourth Estate that can adequately hold politicians and the powerful to account. Our political system is suffering from the ...
    Democracy ProjectBy bryce.edwards
    4 days ago
  • Was Hawkesby entirely wrong?
    David Farrar  writes –  The Broadcasting Standards Authority ruled: Comments by radio host Kate Hawkesby suggesting Māori and Pacific patients were being prioritised for surgery due to their ethnicity were misleading and discriminatory, the Broadcasting Standards Authority has found. It is a fact such patients are prioritised. ...
    Point of OrderBy poonzteam5443
    4 days ago
  • PRC shadow looms as the Solomons head for election
    PRC and its proxies in Solomons have been preparing for these elections for a long time. A lot of money, effort and intelligence have gone into ensuring an outcome that won’t compromise Beijing’s plans. Cleo Paskall writes – On April 17th the Solomon Islands, a country of ...
    Point of OrderBy poonzteam5443
    4 days ago
  • Climate Change: Criminal ecocide
    We are in the middle of a climate crisis. Last year was (again) the hottest year on record. NOAA has just announced another global coral bleaching event. Floods are threatening UK food security. So naturally, Shane Jones wants to make it easier to mine coal: Resources Minister Shane Jones ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Is saving one minute of a politician's time worth nearly $1 billion?
    Is speeding up the trip to and from Wellington airport by 12 minutes worth spending up more than $10 billion? Photo: Lynn Grieveson / The KākāTL;DR: The six news items that stood out to me in the last day to 8:26 am today are:The Lead: Transport Minister Simeon Brown announced ...
    The KakaBy Bernard Hickey
    4 days ago
  • Long Tunnel or Long Con?
    Yesterday it was revealed that Transport Minister had asked Waka Kotahi to look at the options for a long tunnel through Wellington. State Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the ...
    4 days ago
  • Smoke And Mirrors.
    You're a fraud, and you know itBut it's too good to throw it all awayAnyone would do the sameYou've got 'em goingAnd you're careful not to show itSometimes you even fool yourself a bitIt's like magicBut it's always been a smoke and mirrors gameAnyone would do the sameForty six billion ...
    Nick’s KōreroBy Nick Rockel
    4 days ago
  • What is Mexico doing about climate change?
    This is a re-post from Yale Climate Connections The June general election in Mexico could mark a turning point in ensuring that the country’s climate policies better reflect the desire of its citizens to address the climate crisis, with both leading presidential candidates expressing support for renewable energy. Mexico is the ...
    4 days ago
  • State of humanity, 2024
    2024, it feels, keeps presenting us with ever more challenges, ever more dismay.Do you give up yet? It seems to ask.No? How about this? Or this?How about this?When I say 2024 I really mean the state of humanity in 2024.Saturday night, we watched Civil War because that is one terrifying cliff we've ...
    More Than A FeildingBy David Slack
    5 days ago
  • Govt’s Wellington tunnel vision aims to ease the way to the airport (but zealous promoters of cycl...
    Buzz from the Beehive A pet project and governmental tunnel vision jump out from the latest batch of ministerial announcements. The government is keen to assure us of its concern for the wellbeing of our pets. It will be introducing pet bonds in a change to the Residential Tenancies Act ...
    Point of OrderBy Bob Edlin
    5 days ago
  • The case for cultural connectedness
    A recent report generated from a Growing Up in New Zealand (GUiNZ) survey of 1,224 rangatahi Māori aged 11-12 found: Cultural connectedness was associated with fewer depression symptoms, anxiety symptoms and better quality of life. That sounds cut and dry. But further into the report the following appears: Cultural connectedness is ...
    Point of OrderBy poonzteam5443
    5 days ago
  • Useful context on public sector job cuts
    David Farrar writes –    The Herald reports: From the gory details of job-cuts news, you’d think the public service was being eviscerated.   While the media’s view of the cuts is incomplete, it’s also true that departments have been leaking the particulars faster than a Wellington ...
    Point of OrderBy poonzteam5443
    5 days ago
  • Gordon Campbell On When Racism Comes Disguised As Anti-racism
    Remember the good old days, back when New Zealand had a PM who could think and speak calmly and intelligently in whole sentences without blustering? Even while Iran’s drones and missiles were still being launched, Helen Clark was live on TVNZ expertly summing up the latest crisis in the Middle ...
    5 days ago
  • Govt ignored economic analysis of smokefree reversal
    Costello did not pass on analysis of the benefits of the smokefree reforms to Cabinet, emphasising instead the extra tax revenues of repealing them. Photo: Hagen Hopkins, Getty Images TL;DR: The six news items that stood out to me at 7:26 am today are:The Lead: Casey Costello never passed on ...
    The KakaBy Bernard Hickey
    5 days ago
  • True Blue.
    True loveYou're the one I'm dreaming ofYour heart fits me like a gloveAnd I'm gonna be true blueBaby, I love youI’ve written about the job cuts in our news media last week. The impact on individuals, and the loss to Aotearoa of voices covering our news from different angles.That by ...
    Nick’s KōreroBy Nick Rockel
    5 days ago
  • Who is running New Zealand’s foreign policy?
    While commentators, including former Prime Minister Helen Clark, are noting a subtle shift in New Zealand’s foreign policy, which now places more emphasis on the United States, many have missed a key element of the shift. What National said before the election is not what the government is doing now. ...
    PolitikBy Richard Harman
    5 days ago

  • $41m to support clean energy in South East Asia
    New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...
    BeehiveBy beehive.govt.nz
    13 hours ago
  • Minister releases Fast-track stakeholder list
    The Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Judicial appointments announced
    Attorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Education Minister heads to major teaching summit in Singapore
    Education Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa.  The summit is co-hosted ...
    BeehiveBy beehive.govt.nz
    16 hours ago
  • Value of stopbank project proven during cyclone
    A stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...
    BeehiveBy beehive.govt.nz
    16 hours ago
  • Anzac commemorations, Türkiye relationship focus of visit
    Foreign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul.    “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • Minister to Europe for OECD meeting, Anzac Day
    Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • Comprehensive Partnership the goal for NZ and the Philippines
    Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr.  The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Government commits $20m to Westport flood protection
    The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Taupō takes pole position
    The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Cost of living support for low-income homeowners
    Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners.  “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government backing mussel spat project
    The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government focused on getting people into work
    Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Clean energy key driver to reducing emissions
    The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Earthquake-prone buildings review brought forward
    The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Thailand and NZ to agree to Strategic Partnership
    Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government consults on extending coastal permits for ports
    RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Inflation coming down, but more work to do
    Today’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • School attendance restored as a priority in health advice
    Refreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Unnecessary bureaucracy cut in oceans sector
    Oceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Patterson promoting NZ’s wool sector at International Congress
    Associate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector.    "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Removing red tape to help early learners thrive
    The Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • RMA changes to cut coal mining consent red tape
    Changes to the Resource Management Act will align consenting for coal mining to other forms of mining to reduce barriers that are holding back economic development, Resources Minister Shane Jones says. “The inconsistent treatment of coal mining compared with other extractive activities is burdensome red tape that fails to acknowledge ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • McClay reaffirms strong NZ-China trade relationship
    Trade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Prime Minister Luxon acknowledges legacy of Singapore Prime Minister Lee
    Prime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong.   Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • PMs Luxon and Lee deepen Singapore-NZ ties
    Prime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong.  During today’s meeting, Prime Minister Luxon ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Antarctica New Zealand Board appointments
    Foreign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner.  The Minister has appointed Neville Harris as a new member of the Board. Mr ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Finance Minister travels to Washington DC
    Finance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom.  “I am looking forward to meeting with our Five Finance partners on how we can work ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Pet bonds a win/win for renters and landlords
    The coalition Government has today announced purrfect and pawsitive changes to the Residential Tenancies Act to give tenants with pets greater choice when looking for a rental property, says Housing Minister Chris Bishop. “Pets are important members of many Kiwi families. It’s estimated that around 64 per cent of New ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Long Tunnel for SH1 Wellington being considered
    State Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the Government has also asked NZ Transport Agency (NZTA) to consider and provide advice on a Long Tunnel option, Transport Minister Simeon Brown ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New Zealand condemns Iranian strikes
    Prime Minister Christopher Luxon and Foreign Minister Winston Peters have condemned Iran’s shocking and illegal strikes against Israel.    “These attacks are a major challenge to peace and stability in a region already under enormous pressure," Mr Luxon says.    "We are deeply concerned that miscalculation on any side could ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Huge interest in Government’s infrastructure plans
    Hundreds of people in little over a week have turned out in Northland to hear Regional Development Minister Shane Jones speak about plans for boosting the regional economy through infrastructure. About 200 people from the infrastructure and associated sectors attended an event headlined by Mr Jones in Whangarei today. Last ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Health Minister thanks outgoing Health New Zealand Chair
    Health Minister Dr Shane Reti has today thanked outgoing Health New Zealand – Te Whatu Ora Chair Dame Karen Poutasi for her service on the Board.   “Dame Karen tendered her resignation as Chair and as a member of the Board today,” says Dr Reti.  “I have asked her to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Roads of National Significance planning underway
    The NZ Transport Agency (NZTA) has signalled their proposed delivery approach for the Government’s 15 Roads of National Significance (RoNS), with the release of the State Highway Investment Proposal (SHIP) today, Transport Minister Simeon Brown says.  “Boosting economic growth and productivity is a key part of the Government’s plan to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Navigating an unstable global environment
    New Zealand is renewing its connections with a world facing urgent challenges by pursuing an active, energetic foreign policy, Foreign Minister Winston Peters says.   “Our country faces the most unstable global environment in decades,” Mr Peters says at the conclusion of two weeks of engagements in Egypt, Europe and the United States.    “We cannot afford to sit back in splendid ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ welcomes Australian Governor-General
    Prime Minister Christopher Luxon has announced the Australian Governor-General, His Excellency General The Honourable David Hurley and his wife Her Excellency Mrs Linda Hurley, will make a State visit to New Zealand from Tuesday 16 April to Thursday 18 April. The visit reciprocates the State visit of former Governor-General Dame Patsy Reddy ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pseudoephedrine back on shelves for Winter
    Associate Health Minister David Seymour has announced that Medsafe has approved 11 cold and flu medicines containing pseudoephedrine. Pharmaceutical suppliers have indicated they may be able to supply the first products in June. “This is much earlier than the original expectation of medicines being available by 2025. The Government recognised ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ and the US: an ever closer partnership
    New Zealand and the United States have recommitted to their strategic partnership in Washington DC today, pledging to work ever more closely together in support of shared values and interests, Foreign Minister Winston Peters says.    “The strategic environment that New Zealand and the United States face is considerably more ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Joint US and NZ declaration
    April 11, 2024 Joint Declaration by United States Secretary of State the Honorable Antony J. Blinken and New Zealand Minister of Foreign Affairs the Right Honourable Winston Peters We met today in Washington, D.C. to recommit to the historic partnership between our two countries and the principles that underpin it—rule ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ and US to undertake further practical Pacific cooperation
    Foreign Minister Winston Peters has announced further New Zealand cooperation with the United States in the Pacific Islands region through $16.4 million in funding for initiatives in digital connectivity and oceans and fisheries research.   “New Zealand can achieve more in the Pacific if we work together more urgently and ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2024-04-19T16:52:08+00:00