web analytics

Meanwhile back on Planet Earth

Written By: - Date published: 9:30 am, October 5th, 2012 - 18 comments
Categories: capitalism, class war, john key, national - Tags: ,

National’s bungling and Key’s duplicity have been all over the news for weeks – a “Never ending stream of blunders and stumbles”. I think it’s now clear that they are unfit for office anywhere but Planet Key. Which is unfortunate, because here on Planet Earth we are probably (because Peter Dunne will never grow a spine) stuck with them for the next two years.

On Planet Earth, New Zealand, things are not going so well for the 99%:

Inflation outpaces incomes

Family incomes have increased by less than the rate of inflation and Opposition parties are renewing calls for an increase in the minimum wage. Statistics NZ’s latest income survey shows median weekly incomes rose by just $6 in the year to June compared with the previous 12 months.

Labour’s finance spokesman, David Parker, says it’s the lowest annual increase since 1999. “With weekly incomes rising more slowly than inflation, Kiwi families have less money at the end of the week than they did this time last year,” he said on Thursday. “At a time when jobs are hard to come by and losses are announced every week, many families are in real trouble because they can’t earn enough.”

The Greens say the figures mean that since 2008 household weekly incomes have risen 3.7 percent while the cost of living has increased 10.1 percent.

We’re often reminded that global recovery will be a long time coming:

No recovery until 2018, IMF warns

Fund’s chief economist Olivier Blanchard says global economy will take a decade to recover from the financial crisis

The International Monetary Fund’s chief economist has warned that the global economy will take a decade to recover from the financial crisis as the latest snapshot of the UK economy suggested that growth in the third quarter will be at best anaemic.

Olivier Blanchard said he feared the eurozone crisis, debt problems in Japan and the US, and a slowdown in China meant that the world economy would not be in good shape until at least 2018.

It’s entirely possible that there will be no “recovery” at all. It’s entirely possible that global failure of neoliberal economics combined with the growing impact of peak oil and climate change means that the game has changed forever. Planet Earth needs radical new ideas and urgent action.

New Zealand needs to be leading the way (or at least taking part!). But we’re stuck. Stuck with a dysfunctional government. Stuck with a government that doesn’t understand the problems, let alone have any solutions to offer. Stuck with two more wasted years before anything can change. Two years is a long time on Planet Earth.

18 comments on “Meanwhile back on Planet Earth ”

  1. Enough is Enough 1

    This Planet Key stuff is turning into the ‘nek minnut’ of 2012.

  2. Adrian 2

    He started it!

  3. Bill 3

    I wonder about this recession and ‘global recovery’ in a NZ context. How much of NZ gdp or whatever is dependent on trade with Australia and China? Because the bubbles in those two countries haven’t burst yet. So I suspect that NZ has been somewhat insulated up until now. But in spite of that, we have seen austerity measures being brought down on our heads and the economy flushed down the toilet in the name of ‘recovery’. So what happens in NZ when the Australian and Chinese bubbles burst?

  4. Draco T Bastard 4

    Stuck with a government that doesn’t understand the problems, let alone have any solutions to offer.

    Actually, it’s that we’re stuck with a government that doesn’t want to know that there’s a problem and so are trying to get different results from doing the same things. The only thing that they’re interested in is that the rich get richer which is what’s happening.

    Labour aren’t much better as they to are still looking to the private sector to save society even though it’s the private sector that’s put the world into a financial recession and has us heading for ecological collapse.

  5. tracey 5

    Bill i share yourconcern. Planet key and his official language English have both said in the past that as china was doing well we have fared well. You have highlighted tge corollary

  6. tracey 6

    We could do a one off gfc levy on the top 1% starting with the banks

  7. Dv 7

    HT
    Interest.co

    On planet Australian banks

    http://www.theage.com.au/business/the-big-banks-take-with-one-hand–and-the-other-20121003-26ztm.html

    The size of the difference is shocking. Using (Aussie) monthly Reserve Bank statistics on its cash rate and mortgage rates over the two decades to 2011 the paper finds Australian banks have on average passed on 116 per cent of each rate rise and only 84 per cent of each cut.

    Read more: http://www.theage.com.au/business/the-big-banks-take-with-one-hand–and-the-other-20121003-26ztm.html#ixzz28NeiUwHk

    NOTE Passed on to the customer 116% of rate rise and 84% of rate cut.

  8. Even if we increase taxes , those costs will likely be passed on in a year …. back to square one.
    Why’d Muldoon do the wage and price freeze again?
    A left winger who understood right wing enforcement perhaps?.

    • tracey 8.1

      Except if we levy banks, the ones who dont seek to claw it back thru oncharging will attract new customers.

      • BloodyOrphan 8.1.1

        Maybe, but the only end result of that is the bank going under.
        The National Bank for instance.
        The other advantage of a freeze is it encourages “Promotion Though Qualification”,
        (i.e An employee can get a raise if they train/educate themselves)
        New Zealand did well under those conditions, it was hard but managable.
        It would also make our exchange rate much more stable.

        • tracey 8.1.1.1

          oh please we just had a bank induced breakdown of the economy, and how many went under? A one off levy on banks/top 1% is no more or less nonsensical than removing training incentives for solo parents. Did you read the article last week showing how little impact a degree had on getting a good salary.

          We need to move out of the same old thinking that got us into this mess. But where is the incentive in that, afterall even the mess worked to the advantage of the top 1% and most banks.

  9. weka 9

    It’s entirely possible that there will be no “recovery” at all. It’s entirely possible that global failure of neoliberal economics combined with the growing impact of peak oil and climate change means that the game has changed forever. Planet Earth needs radical new ideas and urgent action.

    It’s true that we need good leadership. But in the meantime, there are things we can do ourselves. Focus on relocalising the economy, either via councils and other local authorities or NGOs like Transition Towns or the myriad of other relocalising initiatives. Downsize as much as we can to make ourselves and our families less dependent on the national and global economy. Form closer networks in our neighbourhoods. Practice bartering. Grow food. These are all activities which create resiliency, something essential if/when the global economy collapses. Read Dmitri Orlov, Sharon Astyk, the Archdruid’s Report for specific strategies. Lots of NZ blogs now too, from people who are practicing this.

Recent Comments

Recent Posts

  • Environment Court Judge appointed
    Prudence Steven QC, barrister of Christchurch has been appointed as an Environment Judge and District Court Judge to serve in Christchurch, Attorney-General David Parker announced today. Ms Steven has been a barrister sole since 2008, practising in resource management and local government / public law.    She was appointed a Queen’s ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Government moves on climate promises
    The Government is delivering on its first tranche of election promises to take action on climate change with a raft of measures that will help meet New Zealand’s 2050 carbon neutral target, create new jobs and boost innovation. “This will be an ongoing area of action but we are moving ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • Jump starting research careers
    The Government is investing up to $10 million to support 30 of the country’s top early-career researchers to develop their research skills. “The pandemic has had widespread impacts across the science system, including the research workforce. After completing their PhD, researchers often travel overseas to gain experience but in the ...
    BeehiveBy beehive.govt.nz
    18 hours ago
  • Project protects jobs and nature
    A Waitomo-based Jobs for Nature project will keep up to ten people employed in the village as the tourism sector recovers post Covid-19 Conservation Minister Kiri Allan says. “This $500,000 project will save ten local jobs by deploying workers from Discover Waitomo into nature-based jobs. They will be undertaking local ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Minister Shaw speaks with U.S. Presidential Envoy John Kerry
    Minister for Climate Change, James Shaw spoke yesterday with President Biden’s Special Presidential Envoy for Climate John Kerry. “I was delighted to have the opportunity to speak with Mr. Kerry this morning about the urgency with which our governments must confront the climate emergency. I am grateful to him and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Minister of Foreign Affairs makes three diplomatic appointments
    Foreign Affairs Minister Hon Nanaia Mahuta today announced three diplomatic appointments: Alana Hudson as Ambassador to Poland John Riley as Consul-General to Hong Kong Stephen Wong as Consul-General to Shanghai   Poland “New Zealand’s relationship with Poland is built on enduring personal, economic and historical connections. Poland is also an important ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Major redevelopment of Wainuiomata High School underway
    Work begins today at Wainuiomata High School to ensure buildings and teaching spaces are fit for purpose, Education Minister Chris Hipkins says. The Minister joined principal Janette Melrose and board chair Lynda Koia to kick off demolition for the project, which is worth close to $40 million, as the site ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New expert group appointed to advise Government on Oranga Tamariki
    A skilled and experienced group of people have been named as the newly established Oranga Tamariki Ministerial Advisory Board by Children’s Minister Kelvin Davis today. The Board will provide independent advice and assurance to the Minister for Children across three key areas of Oranga Tamariki: relationships with families, whānau, and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • COVID-19 vaccine slated for possible approval next week
    The green light for New Zealand’s first COVID-19 vaccine could be granted in just over a week, Prime Minister Jacinda Ardern said today. “We’re making swift progress towards vaccinating New Zealanders against the virus, but we’re also absolutely committed to ensuring the vaccines are safe and effective,” Jacinda Ardern said. ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New ACC Board members announced.
    The Minister for ACC is pleased to announce the appointment of three new members to join the Board of ACC on 1 February 2021. “All three bring diverse skills and experience to provide strong governance oversight to lead the direction of ACC” said Hon Carmel Sepuloni. Bella Takiari-Brame from Hamilton ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Economic boost for Southland marae
    The Government is investing $9 million to upgrade a significant community facility in Invercargill, creating economic stimulus and jobs, Infrastructure Minister Grant Robertson and Te Tai Tonga MP Rino Tirikatene have announced.  The grant for Waihōpai Rūnaka Inc to make improvements to Murihiku Marae comes from the $3 billion set ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Celebrating the Entry Into Force of the Treaty on the Prohibition of Nuclear Weapons
    [Opening comments, welcome and thank you to Auckland University etc] It is a great pleasure to be here this afternoon to celebrate such an historic occasion - the entry into force of the Treaty on the Prohibition of Nuclear Weapons. This is a moment many feared would never come, but ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Supporting disabled people to stay connected
    The Government is providing $3 million in one-off seed funding to help disabled people around New Zealand stay connected and access support in their communities, Minister for Disability Issues, Carmel Sepuloni announced today. The funding will allow disability service providers to develop digital and community-based solutions over the next two ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Voluntary saliva testing offered to quarantine workers from Monday
    Border workers in quarantine facilities will be offered voluntary daily COVID-19 saliva tests in addition to their regular weekly testing, COVID-19 Response Minister Chris Hipkins said today. This additional option will be rolled out at the Jet Park Quarantine facility in Auckland starting on Monday 25 January, and then to ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Next steps in firearms buy-back
    The next steps in the Government’s ambitious firearms reform programme to include a three-month buy-back have been announced by Police Minister Poto Williams today.  “The last buy-back and amnesty was unprecedented for New Zealand and was successful in collecting 60,297 firearms, modifying a further 5,630 firearms, and collecting 299,837 prohibited ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Jobs for Nature projects target iconic ecosystems
    Upscaling work already underway to restore two iconic ecosystems will deliver jobs and a lasting legacy, Conservation Minister Kiri Allan says.  “The Jobs for Nature programme provides $1.25 billion over four years to offer employment opportunities for people whose livelihoods have been impacted by the COVID-19 recession. “Two new projects ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Public Housing Plan announced
    The Government has released its Public Housing Plan 2021-2024 which outlines the intention of where 8,000 additional public and transitional housing places announced in Budget 2020, will go. “The Government is committed to continuing its public house build programme at pace and scale. The extra 8,000 homes – 6000 public ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister congratulates President Joe Biden on his inauguration
    Prime Minister Jacinda Ardern has congratulated President Joe Biden on his inauguration as the 46th President of the United States of America. “I look forward to building a close relationship with President Biden and working with him on issues that matter to both our countries,” Jacinda Ardern said. “New Zealand ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Jobs for Nature funding will create training and employment opportunities
    A major investment to tackle wilding pines in Mt Richmond will create jobs and help protect the area’s unique ecosystems, Biosecurity Minister Damien O’Connor says. The Mt Richmond Forest Park has unique ecosystems developed on mineral-rich geology, including taonga plant species found nowhere else in the country. “These special plant ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pre-departure testing extended to all passengers to New Zealand
    To further protect New Zealand from COVID-19, the Government is extending pre-departure testing to all passengers to New Zealand except from Australia, Antarctica and most Pacific Islands, COVID-19 Response Minister Chris Hipkins said today. “The change will come into force for all flights arriving in New Zealand after 11:59pm (NZT) on Monday ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Bay Cadets learn skills to protect environment
    Bay Conservation Cadets launched with first intake Supported with $3.5 million grant Part of $1.245b Jobs for Nature programme to accelerate recover from Covid Cadets will learn skills to protect and enhance environment Environment Minister David Parker today welcomed the first intake of cadets at the launch of the Bay ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Cook Islanders to resume travel to New Zealand
    The Prime Minister of New Zealand Jacinda Ardern and the Prime Minister of the Cook Islands Mark Brown have announced passengers from the Cook Islands can resume quarantine-free travel into New Zealand from 21 January, enabling access to essential services such as health. “Following confirmation of the Cook Islands’ COVID ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Supporting communities and landowners to grow employment opportunities
    Jobs for Nature funding is being made available to conservation groups and landowners to employ staff and contractors in a move aimed at boosting local biodiversity-focused projects, Conservation Minister Kiritapu Allan has announced. It is estimated some 400-plus jobs will be created with employment opportunities in ecology, restoration, trapping, ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Border exception for some returning international tertiary students
    The Government has approved an exception class for 1000 international tertiary students, degree level and above, who began their study in New Zealand but were caught offshore when border restrictions began. The exception will allow students to return to New Zealand in stages from April 2021. “Our top priority continues ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Tiwai deal gives time for managed transition
    Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New member for APEC Business Advisory Council
    Prime Minister Jacinda Ardern has appointed Anna Curzon to the APEC Business Advisory Council (ABAC). The leader of each APEC economy appoints three private sector representatives to ABAC. ABAC provides advice to leaders annually on business priorities. “ABAC helps ensure that APEC’s work programme is informed by business community perspectives ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Govt’s careful economic management recognised
    The Government’s prudent fiscal management and strong policy programme in the face of the COVID-19 global pandemic have been acknowledged by the credit rating agency Fitch. Fitch has today affirmed New Zealand’s local currency rating at AA+ with a stable outlook and foreign currency rating at AA with a positive ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Additional actions to keep COVID-19 out of NZ
    The Government is putting in place a suite of additional actions to protect New Zealand from COVID-19, including new emerging variants, COVID-19 Response Minister Chris Hipkins said today. “Given the high rates of infection in many countries and evidence of the global spread of more transmissible variants, it’s clear that ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • 19 projects will clean up and protect waterways
    $36 million of Government funding alongside councils and others for 19 projects Investment will clean up and protect waterways and create local jobs Boots on the ground expected in Q2 of 2021 Funding part of the Jobs for Nature policy package A package of 19 projects will help clean up ...
    BeehiveBy beehive.govt.nz
    3 weeks ago