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National playing catch-up on affordable housing

Written By: - Date published: 8:06 am, October 4th, 2013 - 58 comments
Categories: housing - Tags:

Earlier this year, National attacked the Greens’ Progressive Ownership housing policy, a ‘rent-to-own’ scheme that effectively gives first homebuyers access to the Crown’s low cost of capital (like State Advances used to do). Nat fanboi John Armstrong said “It is a dog of a policy. It should be put out of its misery”. Now, National’s nicked it. The problem is, they’re just doing it on a token scale.

The Weymouth project announced yesterday will see 282 houses built, with 113 for sale at affordable (by Auckland standards, at least) prices. And buyers will be able to pay a basic rent to cover the cost of capital on the houses, the purchase equity over time as they can afford it. That’s the Greens’ policy, with the only difference being it’s community groups providing the rent to own scheme (which means it’s more expensive because of their high cost of borrowing compared to the Crown’s).

The problem with Weymouth is it’s tiny. 113 houses to be completed and sold over four years. We need at least a hundred times that amount. Labour plans nearly four hundred times as many over four years. And that can only happen if the Crown leads. At Weymouth, the Crown is putting up less than a third of the build cost. We need more than that.

Remember, these projects are cost-neutral to the builder – the people living in the houses cover the cost of capital through rents and buy the equity over time. And the net debt effect is neutral because while money needs to be borrowed to fund the builds that’s offset by the creation of a financial asset – ie the rent-to-own agreements.

There’s no excuse for the Government to not do more. Unfortunately, it looks like National’s objective is just to be seen to be ‘doing something’ on affordable housing because the issue is hurting them politically; they’re not interested in doing enough to fix the problem.

58 comments on “National playing catch-up on affordable housing”

  1. Jane 1

    Typo? 282 built but 113,000 for sale? 🙂

    • Lightly 1.1

      yeah, should be 113 from the media reports.

      It’s really ‘think small’ from this government, eh?

      And all they’re doing is building a Labour Party project using Green Party funding ideas.

  2. karol 2

    Oh, look, it was all Helen Clark and Len Brown’s idea back in 2008, when Clark was still PM.

    Two weeks ago Prime Minister Helen Clark told Parliament the country needs large-scale urban housing projects that incorporate realistic numbers of affordable homes.

    She announced several initiatives, including a new type of agency based on overseas models to oversee future large projects.

    Partnerships between central, regional and local government as well as the private sector are envisaged.

    Starting in Auckland, public land holdings will be reviewed to see which areas can contribute to new projects.

    Media reports have suggested the Weymouth site and land owned by the Counties Manukau District Health Board near the Manukau SuperClinic as possibilities.

    The Weymouth land was reportedly bought from Child, Youth and Family in 2006 for $5.7 million.

    Housing New Zealand south Auckland regional manager Madhavan Raman says the project is still at the concept stage but once that is completed there will be full public consultation.

    “That process is expected to start mid-2008,” he says.

    What took the Nats so long?

    And why is CYF’s land being used for PPP housing and not state housing or council housing?

    • ghostwhowalksnz 2.1

      Obviously a project that was cancelled by the Key government when they won the election.

      Lucky for them it was all scoped out and ready to be ‘reannounced’ when they needed some good news for housing.

      Whats the bet it will wither away again ?

    • bad12 2.2

      Yes this latest ‘stealing’ of the Labour housing policy by Nick Smith and National follows on from another ‘announcement’ in the glare of television lights by Smith where the Government will tinker with the HousingNZ stock, selling off some as ‘unwanted’ and adding an extra bedroom to others to cater for bigger families,

      It’s all Labour policy well into the planning stage in 2008 when the Government changed, what such ‘tinkering’ by both Labour and National does not do is add NUMBERS to the HousingNZ stock,

      Such ‘policy theft’ by National may be one reason why Labour appears to have taken the vows of silence over the fate of future State House builds and HousingNZ itself which has been largely neutered by this National Government,

      At the least, 10,000 new build State houses are needed in both Auckland and Christchurch and the ‘tinkering’ with the number of State Houses, their location, and their number of bedrooms should be halted until such time as a comprehensive number of houses are built,

      Smith’s latest ‘publicity stunt’, the selling off of ‘unwanted’ HousingNZ stock should be halted, HousingNZ sends out a quarterly news-letter to all it’s tenants and such ‘unwanted’ tenancies should be offered to exiting tenants in the cities with long waiting lists who are unlikely to ever work again thus freeing up city tenancies for low income working families,

      As a HousingNZ tenant i am fucking insulted by Smith’s claim that these houses are ‘unwanted’, i would happily move out of the city to a provincial town if i thought my present HousingNZ rental would house a low income working family…

      • Dumrse 2.2.1

        ” Stealing policy…” FFS, the Liebor pie in the sky policy is…Labour plans nearly four hundred times as many over four years. I don’t see where it said National would build that many. Policy theft my arse.

        • Hanswurst 2.2.1.1

          I *would* say that you didn’t actually read the comment you were purportedly responding to, but you have a handle that suggests that you probably did but were too thick to get it. It’s not referring to current Labour policy, but Labour policy developed prior to being voted out in 2008.

    • xtasy 2.3

      AMAZING!!!

      John Key and his National gang steal ideas from Helen Clark’s days, wrap it all up in blue coloured National Party gift wrapping, and now sell this to the public AND DUMB media, as THEIR policies! I am disgusted, and this is what the damned, so often so useless MSM better pick up and report on!

  3. Alanz 3

    “they’re just doing it on a token scale”

    Yah, it Nats – the government of token gestures!

    • BrucetheMoose 3.1

      It’s what you expect from a token PM. Key is there just to have something else to highlight in his CV. Oh, and a bit of line his and his pals’ pockets.

  4. Puckish Rogue 4

    Well if Metiria Turei gets in and lowers house prices (as she said she’d like to see happen) then everyone will be happy won’t they

    • Paul 4.1

      Another valuable contribution from you, then….
      Obviously not everyone will be happy, but most people will be.
      Just because it does not suit you and your friends in the 1% does not make it bad policy.

      • Tom 4.1.1

        Most people will be happy? I imagine pretty much every home-owner will be unhappy, and moreover the poor sod who has spend years chipping away at the mortgage on a low wage and is finally getting some headway – suddenly they are back at square one and risking being overcapitalised. Way to look after the little guys.

        • bad12 4.1.1.1

          Bullshit…

          • infused 4.1.1.1.1

            How is that bullshit? It’s exactly what would happen.

            • bad12 4.1.1.1.1.1

              Read my comment at 4.3 infused, how can housing such as the Green Party propose effect the market except to slightly slow it…

        • Naturesong 4.1.1.2

          As a home owner I’m looking forward to a Labour / Green government taking the heat out of the housing market (lowering house prices compared to inflation)

          – Capital Gains Tax; hopefully an even broader look at how all income from investments are taxed.
          – Restricting ownership of housing stock to NZ citizens and residents; hopefully a broader look at overseas investment in NZ, particularly core infrastructure and food production (and protecting water from being privatised by any future National / Act government).
          – policies from Labour, Kiwi build, and the Greens, Home for life, being forged into robust legislation.

          It’s a good start, and there is enough talent in the Labour and Green parties to ensure the legislation is enacted to prevent a massive correction in the housing market. The longer we wait though, the greater the risk.
          I’d like to see the capital currently sitting in the ground being invested in New Zealand businesses.

          Did I hear the other day the RB talking about 8% mortgages?
          That would set it off a market correction for sure. Economic vandalism.

        • Draco T Bastard 4.1.1.3

          They’d have the same mortgage so why would they suddenly be back at square 1?

          • QoT 4.1.1.3.1

            Because we’re all fixated on attaining immaterial “wealth” and growing an invisible “net worth” and it’s unfair that other people’s imaginary value might catch up to ours because then we’ll be less special.

    • Colonial Viper 4.2

      House prices will return to the historical mean. Whether you want it to happen gradually starting from now, or in a sudden uncontrolled market correction a couple of years from now, is a choice we have to make.

      What would you prefer?

    • bad12 4.3

      And if National ‘stays in’ and interest rates hit 8% like what the Reserve Bank Governor says they will everyone will be delirious with happiness right,

      Being blindsided by the Jonolists on TV3 didn’t help Met’s or the Green Party, HOWEVER, an examination of the Green’s ‘rent to buy’ housing policy would tell everyone but the biggest of idiots, like yourself, that such a policy will NOT lower the prices of existing houses in places like Auckland,

      What the Green Party is proposing is the building of smaller houses (100-120m), than are currently being built in Auckland,(200-220m) thus making such housing ‘affordable’,

      The sale of such housing will not be via the ‘market’ but instead will be based upon family needs and via application,

      The purchaser of such housing will enter into a ‘rent to buy’ agreement with the Government which also includes a ‘BUY BACK OPTION’ for the Government,

      So pray tell me how does housing stock half the size of what is currently being built sold solely via application and not able to actually enter ‘the market’ because of the proposed buy back clause lower the price of any existing property in Auckland,

      Only a fucking fool would conclude that it could, that obviously means i believe you to be one…

      • bad12 4.3.1

        Lolz, the above comment is directed solely at ‘puckish rogue’,(befor i start an unintended scrap)…

        • Alanz 4.3.1.1

          “And if National ‘stays in’ and interest rates hit 8% like what the Reserve Bank Governor says they will”

          – more than meets the eye, or ears, with that latest statement from Wheeler

          – my City of London of contacts said just yesterday that the situation is currently not that clear and it could be any kind of a call either way with interest rates, particularly NZ’s, so far out.

          • bad12 4.3.1.1.1

            Can you get any stupider, seriously, what the hell has your supposed ‘City of London contacts’ got to do with the Governor of the Reserve Bank wanting to put out the fire of Auckland house price over-inflation by raising interest rates got to do with the city of London…

            • Alanz 4.3.1.1.1.1

              Not stupid. Hold your fire. It’s about the call as to which way and how far interest rates go internationally and for NZ.

              • bad12

                So, you are now saying that the Governor of the Reserve Bank is lying when He indicates that house price over-inflation in Auckland is reducing His ability to perform His duty of keeping inflation within the set target band and He will have to raise rates to quash this over-inflation…

                • Alanz

                  Veracity of statement is not really the issue but the basis of forecasting and effect of shaping expectations should be of greater interest.

                  You are a smart person and can search for info and think for yourself as evident from your comments. Open to interpretation and discussion. Have fun.

                  • bad12

                    That sounds like a long winded admission from you which in simple English says,”Alanz has been talking shit without having a shred of evidence to back up such shit-talking”…

            • bad12 4.3.1.1.1.2

              Incidently, rather than punish the economy and the people of the rest of New Zealand because of the over-inflation of house prices in our bigger cities there is another tool which could be used other than interest rates hikes that would stop such house price over-inflation from effecting the Governor of the Reserve Bank from keeping inflation within the set target bands,

              Using one’s brains is always efficacious in the ‘economy of the chimps’,

              The ‘rate of inflation’ is judged by gauging prices of various goods and services which have been added to a ‘basket’ of such goods and services,

              Remove housing from the basket and we have a true picture of ‘inflation’ unmodified by housing cost over-inflation in our 2 biggest cities,

              Seriously, why should a person paying off their home in Levin be made responsible for the actions of the middle class who created the price over-inflation in Auckland…

              • bad12

                ‘Using your brains part 2’, as such house price over-inflation is mostly confined to the cities of Auckland and Christchurch, and considering we do live in a ‘modern world’ it doess not then take a fucking huge leap of imagination to see that in cities,(they are clearly defined as to their boundaries), where price over-inflation is rampant interest rates solely directed at those housing markets can be set,

                The Governor of the Reserve Bank saying that this is too complicated is simply mouthing bullshit,

                Again the question must be asked, why are Jobs being put at risk by the ‘economics of the chimps’ and why should the homeowners paying off their homes in towns and cities that have not over-inflated their house prices pay for the over-inflation in Auckland…

            • Draco T Bastard 4.3.1.1.1.3

              Heard of the LIBOR?

              • bad12

                Who me, yep, heard of commenting in such a fashion so as to make a lucid debatable point…

                • Colonial Viper

                  Interest rates are a stupidly blunt tool with which to try and tackle the Auckland property asset bubble.

                • Draco T Bastard

                  Inter-bank rates = interest rates in London will affect interest rates here.

                  • Colonial Viper

                    The Reserve Bank still sets overnight rates in NZ.

                    • bad12

                      What i actually took the Reserve Bank Governors words to mean was the implicit threat that should a Labour/Green Government be elected in 2014, by mid 2016 interest rates would be 8%,

                      To me this simply adds impetus to the view that it is the Minister of Finance who should ‘set interest interest rates’,

                      Having an unelected official set those rates is simply more of the Neo-liberal escaping of responsibility of the past 30 years,

                      The Reserve Bank and the Treasury should be constrained by law to give the Government of the day advice on the best means of achieving it’s stated Legislative aims and social goals, not threatening dire social outcomes when those social goals are put befor the electorate…

                    • Draco T Bastard

                      To me this simply adds impetus to the view that it is the Minister of Finance who should ‘set interest interest rates’,

                      Actually, the supply of reserve money from the RBNZ should be at zero% and only available to the government which then spends the money into the economy. The spending could be direct (hiring of public servants, R&D, mining etc) or indirect (advancing mortgages and business loans at 0%).

                      How much interest people charge privately is of no concern to the government – probably because there won’t be any.

                      Yep, it’s really quite simple to get rid of the usury of interest.

                      The Reserve Bank and the Treasury should be constrained by law to give the Government of the day advice on the best means of achieving it’s stated Legislative aims and social goals,

                      Both are constrained by their failed ideology and thus can’t actually give that type of advice.

                    • bad12

                      DTB, your extolling the economics of your personal nirvana here, such has nothing to do with what is or ever is likely,(except in the instance of a total collapse of the worldwide banking system), to occur,

                      Extolling nirvana is all well and good, but i prefer to debate the possible not the improbable,

                      At the point where the Banks and the Global financial markets have all imploded upon their own bullshit, Governments will have little choice but to produce their own monies…

                    • srylands

                      “The Reserve Bank and the Treasury should be constrained by law to give the Government of the day advice on the best means of achieving it’s stated Legislative aims and social goals, not threatening dire social outcomes when those social goals are put befor the electorate…”

                      Only problem is that all the professional staff in those organisations would leave. You could get a job as a Treasury analyst. Congratulations.

                      More seriously, The role of public servants (especially the Treasury) is to give frank advice about the impacts of government policy. There is no obligation on the government to accept any advice. And the Treasury IS bound to implement the policies of the Government, regardless of its views. Kind of “If you are going to do this stupid destructive thing, let us tell you the best way to do it.” e.g Treasury was in charge of buying back Kiwirail. I am guessing they said “This is stupid” and when the Government said “Thanks for your advice go do it” they did so.

                      If public servants cannot serve the Government of the day they should resign. A number I know personally did so in 1999 because they could not serve the Labour Government. How many resign next time will depend on the degree of recklessness and stupidity of the policies. e.g Raising marginal tax rates significantly, expanding welfare, Kiwi Power, removing the independence of the Reserve Bank, would all result in some public servants leaving. How many time will tell.

                      But back to the main point – Treasury (and all public servants) are already required by law to implement government policies.

                    • Colonial Viper

                      Treasury should be the next department downsized.

                      Only problem is that all the professional staff in those organisations would leave. You could get a job as a Treasury analyst. Congratulations.

                      Anybody who still utilises stochastic equilibrium models in their work is free to go. Anyone who advocates for borrowing and taxes as the only way to obtain government funds is free to go. Anybody who thinks that monetary policy is the ideal way to deal with an economic slow down is also free to go.

                      The country would better off for it.

                    • McFlock

                      The country seems to do better without the advice of your friends.
                      I hope it happens again next year.

                      More specifically to the discussion, however, Treasury seems to be great at giving advice to help corporates, but I thinnk B12’s point was that it would be great if they could advise on how to give everybody a living wage, an affordable home, eliminate child poverty, make primary healthcare and prescriptions affordable for all, and reduce unemployment to <3% (allowing for some people being voluntarily between jobs at any point of time).

                    • KJT

                      Treasury could be replaced by a recording of Don Brash, saying, “cut taxes, cut Government services, sell assets, cut welfare, cut wages, and de-regulate everything!”.

                      No one would notice the difference as treasuries advice, to do just that, has proved consistently wrong. Their predictions have been as accurate as using chicken entrials, for as long as I can remember.

                      Srylands, as usual, is divorced from the reality, that every country which hasn’t followed the above advice to the extreme extent we have, is doing better than us.

                      Havn’t you noticed, Srylands, that the best performing economies have a high level of State “interference” and spending.

                    • Draco T Bastard

                      Only problem is that all the professional staff in those organisations would leave.

                      We could only hope. People too stupid to realise that the “theory” that they follow is bunk don’t give the best advice.

    • The Al1en 4.4

      “if Metiria Turei gets in and lowers house prices (as she said she’d like to see happen) then everyone will be happy won’t they”

      It’s not her fault NZ pays well over the odds to live in over valued property or that government presently protects it’s price inflating investor and speculator bubble makers.

      Chris Tremain: 17 properties, 4 lots of land, no taxes to be paid on his investments.

      Sort out scum bag profiteers like him and it’ll be a start.

    • Naturesong 4.5

      A financial bubble occurs when prices for assets, such as stocks, rise far above their actual value. Such an economic cycle is usually characterized by rapid expansion followed by a contraction, or sharp decline in prices.

      Whether or not the what is happening in Auckland is an asset bubble is still being debated, I believe that it is.

      Assuming that I am right, housing prices in Auckland will fall. It’s just a matter of when, how far, how fast and how much damage is done when it happens.

      For the middle class investors, look to the parties whose policies will cause housing prices to correct in a way that causes the least financial destruction.

      One of the negative effects of an asset bubble in property is that it is pricing out of the market a significant chunk of the electorate. Basically anyone who lives in Auckland and earns less than me, which is most of Auckland.

      For those earning less than 80k or 90k per year, look to the parties whose policies will help alleviate the shortage of affordable housing, and quality rentals (I’m not talking about a pool here, insulation and not being damp or leaking would be a big step up for many, rentals).

      Are there any parties that have policies that currently address the housing issues faced by people on lower incomes right through to upper middle class?

      There are three; The Green Party, Labour and Mana.

      It is likely to end the party for those who are speculating on the property market, though even these people will end up being saved from bankruptcy which is the likely outcome of a sudden market correction.

      • bad12 4.5.1

        Agree with you, the party is hardly going to end with a big bang tho given the mix of housing proposed by Labour, the Green and Mana Party’s,

        All of those Party’s are proposing solutions that only effect either first home buyer or renters, given that there will still be a huge demographic in Auckland of home owners who are wishing to be upwardly mobile,

        My opinion is that the proposals from Labour/Green/Mana will simply bring the price over-inflation to a halt, property might take months to sell instead of days and weeks, and any speculator having bought solely on the basis of making a hundred grand simply by holding the property for 3 to 6 months is likely to be outta luck…

  5. Sable 5

    Pre election DIY time…..

  6. xtasy 6

    The National led government is very much “the drunken builder”, who ran down his business by spending cash on bailing out mates and relatives, but forgot his priorities.

    Now the new Minister for Housing (or for the “House of Cards Shambles”) is going “nuts” and desperately pulls out another trick out of the hat at every new media-effective opportunity.

    Already the budget announced this bizarre plan to add extra bedrooms to existing Housing NZ homes, which will mean subdividing existing rooms, or perhaps adding smallish extra rooms from the exterior. All this is meant to provide “more housing”.

    Of course the “housing accord” idea was discussed and so far agreed on between Auckland Council and central government, but the 39,000 houses to be built over the coming few years are well behind schedule.

    Consultations happened with the Reserve Bank, and while government cannot influence the banks’ decisions, the loan to value ratio regime was brought in from 01 October. This was to contain the demand for housing and the price growth primarily in Auckland. House prices keep climbing in much of Auckland and Christchurch, and so Nick Smith(erines Brain) pulled out the idea of selling old, so far unsellable, unattractive and wrongly located Housing NZ homes in some provinces to prospective first home buyers with a government hand-out.

    Campbell Live showed the other night, what that is all about, and that this is nothing but another trick to get rid of old stock that Housing NZ Corporation sits with, which earns them neither rents or anything else.

    Next trick out of the hat is this housing project in Weymouth, to the south of Auckland, where NGOs are now going to be involved to build 282 houses over four years, as I understand it. They are in this case, at least in part, trying an altered version of what the Greens proposed as their housing policy earlier on.

    “Keep the pressure off us”, the drunken builder says, “can you not see, we are busy getting the job done?” Yes, you had 5 years now, to do something about affordable housing for New Zealanders, which will primarily be those in Auckland and in large part the to be rebuilt Christchurch. Social housing has not even seriously been on their agenda, so “window dressing” is being applied, to make Housing New Zealand look good and effective. A few nice, new homes were shown on television the other week, to “impress” the public, and to pretend the government cares and does something for those in need.

    On the front page of this Wednesday’s Central Leader here in Auckland, Nick the Smith(erines Brain) is also shown on a large photo in an article, about a home being “improved” in Mt Roskill.

    Would our dear mainstream media out there perhaps have a closer look at the true figures, and would they perhaps bother talking to the many kicked off Housing NZ’s waiting lists (since mid 2011), would they perhaps bother to talk to Housing NZ renters, would they perhaps go and gather some stories from homeless, poorly housed, from sick and disabled, from the ones really affected, also by exorbitant rents in much of Auckland, please!?

    I hear, read and see little if anything of this, only short stories on all the good things the “drunken builder” presents them, trying to hide his daily hangover, and other shambles, by pointing to endless window-dressing.

    Expose the “drunken builder”, Nick Smith, and his team, and sack the lot, a.s.a.p.!

  7. Draco T Bastard 7

    And the net debt effect is neutral because while money needs to be borrowed to fund the builds that’s offset by the creation of a financial asset – ie the rent-to-own agreements.

    The government never needs to borrow. The fact that everyone believes that they do is because of a lie that the private banks have perpetuated so that they get to produce the countries money at interest.

  8. Tracey 8

    insulation and now this, both stolen from the Greens following public ridiculing of them. Cynical, very cynical national. Playing the electorate for mugs again. Puckish Rogue at the head of the queue nodding vigorously for his latest rogering.

  9. Ad 9

    DTB can you expand on that Reserve Bank idea of supplying money only to the government. I don’t understand the implications but its intriguing.

    • Draco T Bastard 9.1

      At the moment the private banks create money whenever they make a loan but they’re (supposedly) restricted by the Capital Reserve Ratio. When they can’t find funds to balance that capital reserve ratio requirement they then borrow reserve funds from the central bank (in the RBNZ) at the overnight rate (the OCR). The upshot of this is that the private banks aren’t actually restricted in the creation of money despite the Capital Reserve Ratio. In fact, due to the fact that they charge interest rates above the OCR, they’re actually incentivised to create ever more money which is what they do and this is why we see massive asset price bubbles.

      By making it so that only the government, in the first instance, has access to the money created by the central bank has several implications:
      1.) Money creation would be severely restricted reducing inflation (especially house price inflation)
      2.) As the money would be supplied at 0% interest the government would save several billion dollars per year in interest payments (and people would no longer have a government guaranteed income from that interest)
      3.) The government would be able to make 0% interest loans available for housing and business massively reducing the cost of living (Estimates are that the interest that the banks charge on the money they create makes up around 50% of the price of everything)
      4.) Due to the fact that interest rates would disappear the chances are that our dollar would decrease in value as no one would be holding it for the high interest rates. The only reason that people would buy our currency would be to purchase products from NZ

      A few people will come back with the BS that if people don’t get any interest then they won’t invest but that’s really not all that important. If the last 30 years has proven anything it’s that people don’t invest anyway and the government will be able to invest in long run innovation as it always has done.

      The problem of share buybacks is not isolated but rampant: in the last decade, S& P 500 companies have spent $ 3 trillion on share buybacks (Lazonick 2012). The largest repurchasers (especially in oil and pharmaceuticals) claim that this is due to the lack of new opportunities. In fact in many cases the most expensive (e.g. capital-intensive) investments in new opportunities such as medicine and renewable energy (investments with high market and technological risk) are being made by the public sector (GWEC 2012). This raises the question of whether the ‘open innovation’ model is becoming a dysfunctional model. As large companies are increasingly relying on alliances with small companies and the public sector, the indication is that large players invest more in short-run profit gains (through market gimmicks) than long-run investments.

      Mazzucato, Mariana (2013-05-15). The Entrepreneurial State: Debunking Public vs. Private Myths in Risk and Innovation (Kindle Locations 904-909). Anthem Press. Kindle Edition.

      • McFlock 9.1.1

        Still mulling it over, but the investment thing is interesting – direct investment in govt bonds might be out (unless that’s how the government wishes to redistribute the cash to banks and thereby increase the amounts available for bank lending), but by and large that just means that the banks would go back to lending based on the deposits they get from savers. Old school.

        Whereas it gives the government to inject cash via direct spending or cheap loans into different sectors that are short of capital (geographic sector or industry sector or startups/desired R&D areas).

        I seem to recall that at least one of the massive online games (everquest?) actually employs economists to examine and tweak the economy of the virtual universe – if some areas get low on resources, they inject items and quest rewards etc, and put money sinks into overheated areas. Much more hands on, but much better at preventing localised collapses that can bring the whole economy into recession. A much better model than a simple economy-wide accelerator/brake mechanism.

        Definitely a plausible idea. I might even be interested to hear the nightmare scenario from one of our community tory shills.

  10. BrucetheMoose 10

    Looks like more marketing toilet rolls as Xmas Crackers.

  11. Draco T Bastard 11

    Minister sees interest rate rise as inevitable

    Speaking on TV3’s The Nation programme on Saturday, Dr Smith said interest rates had been at historic lows for some time, and at some point they would increase again.
    He said it was inevitable as the economy improved that the 50-year low mortgage interest rates would rise.

    The banksters must be getting pissed with the low record profits.

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    We've known about climate change for over forty years now,and it has been a major political issue for twenty. And yet fossil fuel companies have kept polluting with impunity, while government have looked the other way and twiddled their thumbs and refused to do anything because "the economy", or just ...
    No Right TurnBy Idiot/Savant
    15 hours ago
  • Delusional And Irrational: The Rise Of Paranoid Politics In New Zealand.
    Sheer Loopiness: Many of those expressing bemusement at the antics of these #turnardern effacers, were convinced that they were yet another expression of the National Party’s increasingly spiteful anti-government propaganda campaign. They marvelled at the oddness of the perpetrators’ mindset and questioned the common-sense of allowing the rest of New Zealand ...
    16 hours ago
  • Things to know about Whakaari/White Island
    Brad Scott, GNS Science VolcanologistThis post was originally published by GeoNet. Following the 9 December devastating eruption at Whakaari/White Island we have put together some information about the island. New Zealand’s most active volcano Whakaari/White Island is currently New Zealand’s most active volcano, it has been since an eruptive episode ...
    SciBlogsBy Guest Author
    1 day ago
  • Status quo supports status quo
    The Justice Committee has reported back on its Inquiry into the 2017 General Election and 2016 Local Elections, with a host of recommendations about how to improve our electoral systems. Some of their recommendations are already incorporate din the Electoral Amendment Bill currently before Parliament, but there's also a recommendation ...
    No Right TurnBy Idiot/Savant
    1 day ago
  • The Greens abandon NeoLiberalism
    Back in 2017, in order to make themselves "electable" in the eyes of rich people who oppose everything they stand for, the Greens signed up for NeoLiberalism, adopting a restrictive set of "Budget Responsibility Rules" which basicly prevented them from using government to make things better. Now, they're finally abandoning ...
    No Right TurnBy Idiot/Savant
    1 day ago
  • Lying about a failed war
    Since invading in 2001, the US has consistently claimed that their war in Afghanistan has been going well, even when it continued year after year after year. Of course, they were lying, and thanks to the Washington Post and the US Freedom of Information Act, we get to see just ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Artificial Intelligence and You
    How should we think about artificial intelligence and the implications that it has for our work and leisure? There are many articles on artificial intelligence and its potential impacts on jobs, and the ethics of applications. These are important topics, but I want to focus on some less discussed aspects, ...
    SciBlogsBy Robert Hickson
    2 days ago
  • Statistical manipulation to get publishable results
    I love data. It’s amazing the sort of “discoveries” I can make given a data set and computer statistical package. It’s just so easy to search for relationships and test their statistical significance. Maybe relationships which ...
    2 days ago
  • More lies on the Twitter (Dan Hodges edition)
    The other big story concerning Leeds Hospital is Boris Johnson's bizzare behaviour at Leeds Hospital, where he was confronted by a journalist and challenged about a four year old boy with suspected pneumonia who was left sleeping on the floor, rather than getting  abed like a sick kid would in ...
    2 days ago
  • LabourActivistPunchedMattHancock’sSPADGate
    So, for a brief period of history, it was alleged that a protester had punched Matt Hancock's SPAD (not a euphemism; special adviser) when Hancock visited Leeds Hospital.This was reported by the likes of Robert Peston and Laura Keunssberg, as well as the less credible Guido Fawkes.  It also quickly ...
    2 days ago
  • France’s anti-Zionism is anti-liberté
    by Daphna Whitmore Last week France passed a law that equates anti-Zionism with anti-Semitism. It is based on a definition of anti-Semitism that includes criticism of Israel such as: “Denying the Jewish people their right to self-determination, e.g., by claiming that the existence of a State of Israel is a racist ...
    RedlineBy Daphna
    2 days ago
  • Another bus lockout
    Over the past year we've seen major bus problems in Hamilton and Wellington, as drivers have sought better wages and an end to the bullshit of split shifts, which basicly see them "married to the job". And now its Auckland's turn. When NZBus's drivers planned low-level strike action of not ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Climate Change: Showing us how its done
    The government has been congratulating itself over the passage of the Zero Carbon Act, which sets out long-term emissions targets. But those targets are insufficient. Meanwhile, Denmark is showing us how its done:Denmark’s parliament adopted a new climate law on Friday, committing to reach 70% below its 1990 emissions in ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • Public sector dysfunction should not be allowed to undermine freedom of information
    Another day, another piece of legislation with a secrecy clause. This time its the innocuous-seeming Mental Health and Wellbeing Commission Bill, which (after establishing a new body and making it subject to the OIA in three different ways) includes the rapidly-becoming-standard clauses enabling it to request information from other public ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • “This is England, this knife of Sheffield steel…”
    The state of the United Kingdom is fractured, torn up, shredded. The Empire is gone, it died a long time ago. And yet, the country is still tracking with a lead in favour of the ones who play to the ingrained, class-bound division for political gain. It is a disgrace ...
    exhALANtBy exhalantblog
    4 days ago
  • CORSIA, coming soon to an airport near you
    On 27 September, Greta Thunberg addressed a crowd of 500,000 at the School Strike for Climate in Montreal, saying: “You are a nation that is allegedly a climate leader. And Sweden is also a nation that is allegedly a climate leader. And in both cases, it means absolutely nothing. Because ...
    SciBlogsBy Robert McLachlan
    4 days ago
  • Cloaking hate speech and fake news in the right to free expression.
    It should be obvious by now but let’s be clear: The same folk who regularly traffic in disinformation, misinformation and “fake news” are also those who most strongly claim that their freedom of expression rights are being violated when moves are made to curb hate speech (as opposed to protected ...
    KiwipoliticoBy Pablo
    4 days ago
  • The Physics (and Economics, and Politics) of Wheelchairs on Planes
    Michael Schulson When Shane Burcaw flies on an airplane, he brings along a customized gel cushion, a car seat, and about 10 pieces of memory foam. The whole arsenal costs around $1,000, but for Burcaw it’s a necessity. The 27-year-old author and speaker — who, alongside his fiancée, Hannah ...
    SciBlogsBy Guest Author
    5 days ago
  • To Advance Civil Rights, Oppose Transgender Extremism
    We are very pleased to publish this submission is from Lucinda Stoan. She is a social justice activist, mother, and educator, based in Washington State in the  US.   This detailed and comprehensive source-linked overview of trans issues and what is at stake will be useful for many people, especially in ...
    RedlineBy Daphna
    5 days ago
  • Faafoi should be fired
    Newshub last night reported that Broadcasting Minister Kris Faafoi had apparently promised to help out a mate with an immigration issue. While its normal for people to approach MPs for assistance in this area, when you're a Minister, the rules are different: as the Cabinet Manual says, Ministers must "at ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Adrian Orr – The Reserve Bank’s Revolutionary Governor?
    New Zealand's Underarm Banker: It bears recalling that the “independence” of the Reserve Bank Governor was for decades held up by neoliberal capitalists as the most compelling justification for passing the Reserve Bank Act. Interesting, is it not, how the ruling class’s support for the Bank’s independence lasted no longer than ...
    6 days ago
  • Driving Us Up The Poll.
    Rubbish In, Rubbish Out: Put all this together, and it’s difficult to avoid the conclusion that anyone who responds positively to a pollster’s request to “answer a few questions” is just ever-so-slightly weird. Desperately lonely? Some sort of psephological train-spotter? Political party member primed to skew the poll for or against ...
    6 days ago
  • Jordan Williams, Colin Craig podcast series announced
    “Free at last, Free at last, Thank God almighty we are free at last.” ― Martin Luther King Jr. A long and bitter court feud between former Conservative Party leader Colin Craig and Jordan Williams has been settled, with an apology and compensation from Williams. On Tuesday, Craig sent out ...
    The PaepaeBy Peter Aranyi
    6 days ago
  • Scientific integrity requires critical investigation – not blind acceptance
    Some people seem to want to close down any critical discussion of the current research into the relationship between water fluoride and child IQ. They appear to argue that claims made by researchers should not be open to critical review and that the claims be accepted without proper consideration ...
    6 days ago
  • Climate Change: The shameful reality
    The government has been congratulating itself over the passage of the Zero Carbon Act, which sets out long-term emissions targets. Meanwhile, Climate Action Tracker has the shameful reality: those targets are insufficient:While New Zealand is showing leadership by having passed the world’s second-ever Zero Carbon Act in November 2019, under ...
    No Right TurnBy Idiot/Savant
    7 days ago
  • More secrecy
    The government introduced a Racing Industry Bill today. As an urban who horse racing as pointless-to-cruel, and gambling as a tax on stupidity and/or hope, this isn't normally a bill which would interest me in the slightest, beyond grumpiness at more government money for a dying industry. But there is ...
    No Right TurnBy Idiot/Savant
    7 days ago
  • Unlikely online bully, Liam Hehir
    Check. Check. One, two, three, four. Is this thing ON? Hello readers, I logged in last night (yeah, it’s been a while) to mark THE END of the landmark legal case, Jordan Williams v Colin Craig, which (gulp) reached The Supreme Court, in which New Zealand’s most-defamed man was suing the politician he ...
    The PaepaeBy Peter Aranyi
    7 days ago
  • The Birth Of Israel: Wrong At The Right Time.
    Before The Birth: Israel’s most fervent supporters set their clocks ticking in Biblical times. They cite the kingdoms of David and Solomon as proof that, in the words of the Exodus movie’s theme-song: “This land is mine.” The majority of Israel’s backers, however, start their clocks in 1933 – the year Adolf ...
    7 days ago
  • Hard News: Public Address Word of the Year 2019: Korero phase
    In an unreliable, strange and confusing world, Public Address is proud to present a measure of comfort and stability by annually asking everyone what words or phrases sum up the year that's been – and then giving some of them consumer goods as prizes for being clever or simply lucky.Well, ...
    7 days ago
  • Generalist to specialist
    Both my parents are pretty handy – and they seem to have the right tools for most jobs in the garage and they know how to fix practically anything. A similar story could be told about their generation’s experience in the workforce – being a generalist was not unusual and ...
    SciBlogsBy Guest Author
    7 days ago
  • A “coincidence”
    When it was revealed that NZ First had tried to enrich itself from public office via the Provoncial Growth Fund, the Prime Minister assured us that everything was OK as Shane Jones, the Minister responsible for the fund, had recused himself. Except it seems that that recusal came very late ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Member’s Day
    Today is a Member's Day, and probably the last one of the year. After the marathon of the End of Life Choice Act, most of the bills up for debate today are uncontentious. First up is the second reading of Chlöe Swarbrick's Election Access Fund Bill. This will be followed ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Worse than I thought
    The Foreign Affairs, Defence and Trade Committee has reported back on the government's odious and tyrannical control orders bill. As expected, the fraudulent select committee process has made no significant changes (partly because they couldn't agree, but mostly because it was a stitch-up from the start, with no intention of ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • The cannabis bill and the referendum
    Yesterday, the government released its draft Cannabis Legalisation and Control Bill, which will be put to a non-binding referendum at the next election. I'm not a drug policy expert, but Russell Brown is, and he thinks its pretty good. And pretty obviously, it will be a massive improvement on the ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Hard News: The Cannabis Legalisation and Control Bill: pretty good so far
    As you're probably aware, the draft bill outlining the proposed legal cannabis regime to be put to a referendum late next year was published yesterday, and has already attracted a flurry of comment. It's notable that a good deal of the comment is about proposals that aren't actually new.A minimum ...
    1 week ago
  • Climate Change: Alignment
    One of the big problems in New Zealand climate change policy is the government working at cross-purposes with itself. It wants to reduce fossil fuel use, but encourages oil and gas exploration. It wants to reduce transport emissions, but then builds enormous new roads. The problem could be avoided if ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • How climate change will affect food production and security
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz According to the United Nations, food shortages are a threat ...
    SciBlogsBy Guest Author
    1 week ago
  • More bad faith
    Last year, the government announced it was ending offshore oil exploration by no longer issuing new permits. The idea was that the industry would then die off as permits expired. Except almost immediately the government revealed its bad faith, by saying they would extend permits and alter conditions to keep ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Banning foreign money from our elections
    The government has said it will ban foreign donations to political parties and candidates, and will be introducing legislation to be passed under all-stages urgency this afternoon. While I agree with the goal, I don't see a particular case for urgency, unless the government is concerned about a flood of ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Reforming the Education Acts
    The government introduced the Education and Training Bill to Parliament yesterday. Its a massive bill, which replaces both existing Education Acts, as well as various other bits of legislation (including some which are still proceeding through the House). I'll leave the serious analysis to teachers and people who actually know ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Bite-sized learning
    Amelia SharmanThere’s no one-size-fits-all when it comes to micro-credentials, those bits of bite-sized learning that can help workers stay on top of technological change.  What’s a micro-credential? While definitions vary, micro-credentials can be understood as short courses that allow people to learn new skills or have an existing competency recognised. ...
    SciBlogsBy Guest Author
    1 week ago
  • “Not The Labour Party We Once Knew.”
    All Smiles Now: Claire Szabo is taking up her presidential role after serving as the CEO of Habitat For Humanity. Which is absolutely perfect! After KiwiBuild was so comprehensively mismanaged by Phil Twyford, the party has not only elected a new president from a thoroughly respectable not-for-profit, but one who ...
    1 week ago
  • Marxist versus liberal methodology on transgender ideology/identity politics
    While much of the NZ left has transitioned to postmodern and identity politics in relation to transgender ideology, there are some very good articles about that deploy Marxist methodology in relation to this subject.  The one below is from the British marxist group Counterfire and appeared on their site here ...
    RedlineBy Admin
    1 week ago
  • Book review: The Farm by Joanne Ramos
    by Daphna Whitmore At Golden Oaks, a luxurious country retreat in the Hudson Valley, pregnant women have the best care money can buy. From the organic food, personalised exercise programmes, private yoga instruction and daily massages Golden Oaks looks like a country lodge for the upper class. Set some time ...
    RedlineBy Daphna
    1 week ago
  • Loosening the purse strings
    When Labour was running for election in 2017, it felt it needed to demonstrate "fiscal responsibility" and signed itself up to masochistic "budget responsibility rules". It was a fool's errand: the sorts of voters who demand fiscal responsibility are also the sorts of voters who believe that labour can never ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Climate Change: How to get there
    Writing in Stuff, Joel MacManus looks at what we need to do to meet the Zero Carbon Act's targets. The core of it:1. Convert 85 per cent of vehicles on the road to electric. 2. Eliminate fossil fuels from all industrial heating up to 300 degrees Celsius. 3. Double our ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • anti-vaxxers in a measles epidemic: so many ways to be untruthful
    “Anti-vaxers are a pro-death movement,” those comments from Dr Helen Petousis-Harris speaking about six more Measles related deaths in Samoa over the past twenty-four hours. “Anti-vaxers are a pro-death movement,” those comments from Dr Helen Petousis-Harris speaking about six more Measles related deaths in Samoa ...
    SciBlogsBy Alison Campbell
    1 week ago
  • Is Youth Vaping a Problem in New Zealand?
    Professors Janet Hoek and Richard Edwards, Emeritus Professor Phil Gendall, Jude Ball, Dr Judith McCool, Anaru Waa, Dr Becky Freeman Recent media reports have presented conflicting evidence on youth vaping in NZ. While some NZ school principals report concerns about increasing vaping on school grounds and confiscating vapes, ASH Year ...
    SciBlogsBy Public Health Expert
    1 week ago
  • In pursuit of “Freedom and Democracy”: Forever Wars in “America’s backyard”.
    “America the Beautiful!”, staunch defender of democracy, freedom and… a whole lot of despotic tyrants that play nice with what is called “the Washington Consensus.” America is indeed capable of immense good, but like any Nation, and most assuredly any aspirant to the mantle of Empire, great, immense evil. All ...
    exhALANtBy exhalantblog
    1 week ago
  • November ’19 – NZ blogs sitemeter ranking
    Image credit: The beginner’s guide to blogging I notice a few regulars no longer allow public access to the site counters. This may happen accidentally when the blog format is altered. If your blog is ...
    2 weeks ago
  • Whodunnit? Finding the mystery 1080 testing lab
    1080 is used to control pests in NZ. Its use is contested by a noisy few. A new report claims high levels of 1080 in rats washed up on a beach. Flora and Fauna of Aotearoa (F&F) won’t name the laboratory that did their testing. It has sparked a hunt ...
    SciBlogsBy Grant Jacobs
    2 weeks ago
  • Authoritarian Friends, Democratic Enemies.
    What Kind Of Empire? The thing for Kiwis to decide is what kind of empire they want to belong to. The kind that, while offering its own citizens democratic rights, demands absolute obedience from its “friends”? Or, the kind that, while authoritarian at home, takes a relaxed attitude to the ...
    2 weeks ago
  • Boris Johnson Goes Down
    It hasn't been a good week for the Conservatives, pollwise.  All major recent polls are showing their lead shrinking.Comparing each pollster's current (between 29/11 and 22/11) and previous most recent poll.Com Res - Conservative lead down 3 points.You Gov - Conservative lead down 1 point.Kantar - Conservative lead down 4 ...
    2 weeks ago
  • Interesting
    Within quick succession, Countdown maths wizard and twitterer Rachel Riley, alleged comedian David Baddiel and prominent lawyer Andrew Julius have all expressed very similar opinions / ideas:
    These #3billboards are going round London today, organised by ex-Labour people, horrified by what their party has become. Their principles haven’t changed, they’re ...
    2 weeks ago
  • Damn the Polls
    So, there have been a bunch of bad polls out for Labour, and even the Leftie's friend, Survation, have recently given the Conservatives a rip-snorting 11% lead.  You Gov's much vaunted MRP poll - which pretty much nailed the result in 2015 - is currently predicting a comfortable majority for ...
    2 weeks ago
  • Climate Change: Europe declares an emergency
    The European Parliament has voted overwhelmingly to declare a climate emergency:The European parliament has declared a global “climate and environmental emergency” as it urged all EU countries to commit to net zero greenhouse gas emissions by 2050. The vote came as scientists warned that the world may have already crossed ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • A Bi-Partisan Commitment To X-ing “P”.
    Pure Fear: Worse than Heroin, this drug’s addictive power was terrifying. People under its influence didn’t drift off to Elysium. Nor did it persuade inadequate individuals that they could conquer the world. No, this drug – pure crystal methamphetamine, “P” for short – unlocked the gates of Hell itself. It ...
    2 weeks ago
  • Advice about measles: when ignorance is definitely not a virtue
    As the rate of measles infection, and of deaths, continues to climb in Samoa, antivaccination activists infectious disease proponents seem intent on doubling down on their claims about vaccination. (Check pretty much any news-media FB post about measles & you’ll see exactly what I mean.) Unfortunately, some of them have ...
    SciBlogsBy Alison Campbell
    2 weeks ago
  • Samoa’s devastating measles epidemic – why and how bad?
    Samoa are experiencing a devastating measles epidemic. It is possible that 2-3% of the population will ultimately be infected by the time it is over. Hopefully the mass immunisation campaign currently under way can mitigate some of this, for many it is too late. The first question many people ask ...
    SciBlogsBy Helen Petousis Harris
    2 weeks ago
  • “It’s basic rights we are defending”: the Meghan Murphy interview
    Meghan Murphy is a Canadian writer and journalist She runs the Feminist Current website which she founded in 2012.  She was a keynote speaker for the Feminism2020 conference in Wellington this month. When Massey University cancelled the original venue booking Feminism2020 was hosted in Parliament by MP David Seymour. Meghan ...
    RedlineBy Admin
    2 weeks ago
  • A week of protests in Colombia
    Text and photos by Gearóid Ó Loingsigh Colombia has lived through one week of protests against the economic measures taken by president Duque. What looked like a protest that would fizzle out after its first day on November 21st is still going strong. Part of the reason for the continuance ...
    RedlineBy Admin
    2 weeks ago
  • Anti-neutrinos–When you are your own opposite
    Around a million billion pass through you each second, almost all originating from our sun, but few of them are likely to interact with you enroute. I was reading in a physics magazine earlier in the week about the nature of neutrinos. These are extremely numerous elementary particles, but only ...
    SciBlogsBy Marcus Wilson
    2 weeks ago
  • Exoplanets, life, and the danger of a single study
    By Pallab Ghosh There’s value in covering new research advances, even when the underlying science is unsettled. But there are also risks. The recent announcement that scientists discovered water on the planet K2-18b, 110 light years away, prompted a media swoon. News stories, including a piece written by me, billed ...
    SciBlogsBy Guest Author
    2 weeks ago
  • The Intersex Continuum
    I wrote this review a couple of years ago when I was still in the process of getting my head around the politics of transgenderism, and specifically the claim that intersex conditions lend support to the notion that sex is ‘socially constructed’. Since writing this review I have come across ...
    RedlineBy Admin
    2 weeks ago
  • Leaving us with the bill
    Two weeks ago, Malaysian-owned oil company Tamarind declared it was insolvent and went into administration after a failed offshore drilling campaign. Tamarind apparently specialises in buying oil fields at the end of their life and trying to squeeze out the last few drops of pollution. But part of their scam ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • How much does flying contribute to climate change?
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz How much does our use of air travel contribute to the ...
    SciBlogsBy Shaun Hendy
    2 weeks ago
  • Climate Change: The task before us
    Two weeks ago, the Zero Carbon Act became law. Right this moment, the Climate Change Commisison will be working on its initial budgets for 2022-25 and 2026-2030, and the UN has just given them a very clear steer:Countries must make an unprecedented effort to cut their levels of greenhouse gases ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Among my favourite asteroids: (2309) Mr. Spock
    Minor planet/asteroid (2309) Mr. Spock is named not for the character in Star Trek, but for a cat that was itself imperturbable, logical, intelligent and had pointed ears In a preceding blog post I introduced one of my favourite asteroids, (2472) Bradman, and also mentioned (6581) Sobers amongst a few ...
    SciBlogsBy Duncan Steel
    2 weeks ago
  • Measles deaths and antivax misinformation
    Today the death toll from measles in Samoa rose to 32. All but four of the dead were less than 5 years old. Absolutely terrible, heartbreaking, news. That statistic alone should be enough to give the lie to the common claim by antivaccination activists plague enthusiasts that “measles is a ...
    SciBlogsBy Alison Campbell
    2 weeks ago
  • Colombia: the state murder of Dilan Cruz
    by Gearóid Ó Loingsigh It is late here in Bogotá, almost 11.30pm on Monday the 25th of November as I write this. The day began full of hope with yet more massive marches throughout the country, a mix of the International Day of Non-Violence Against Women and the National Strike. ...
    RedlineBy Admin
    2 weeks ago

  • New law sets up $300m Venture Capital Fund
    New Zealand firms expanding beyond the start-up phase are set for more support after today’s passage of the Venture Capital Fund Bill, Associate Finance Minister David Parker said. The Bill, which establishes a $300 million Venture Capital Fund, puts in place a key initiative of the Wellbeing Budget’s economic package. ...
    BeehiveBy beehive.govt.nz
    9 hours ago
  • New Zealand’s National Statement to COP25
    E ngā mana, e ngā reo, e ngā iwi, e ngā rau rangatira mā. Tēnā koutou, tēnā koutou, tēnā koutou katoa. Señora Presidenta, Excellencies, Delegates. International action A common thread that runs through the Paris Agreement is the commitment we have made to each other to do what we can to ...
    BeehiveBy beehive.govt.nz
    11 hours ago
  • Priorities for 2020 Wellbeing Budget outlined
    Budget 2020 will continue the Coalition Government’s focus on tackling the long-term challenges facing New Zealand while also investing to future-proof the economy. When the Government took office in 2017 it was left with crumbling infrastructure, severe underinvestment in public services, degraded rivers and lakes, a housing crisis and rising ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • $12 billion in extra infrastructure investment
    The Government is lifting capital investment to the highest level in more than 20 years as it takes the next step to future-proof New Zealand. Finance Minister Grant Robertson has announced $12 billion of new investment, with $8 billion for specific capital projects and $4 billion to be added to ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Strong economy, careful spending gives $12bn of surpluses
    The Government is forecast to run $12 billion worth of surpluses across the four years to 2023/24 as the economy continues to grow. The surpluses will help fund day-to-day capital requirements each year. These include fixing leaky hospitals, building new classrooms to cover population growth and take pressure off class ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Minister welcomes data-rich coastline mapping tool
    The Minister responsible for the Marine and Coastal Area (Takutai Moana) Act 2011 (te Takutai Moana Act 2011), Andrew Little has welcomed the launch of an online geospatial tool that provides data-rich, dynamic coastline maps that will significantly boost research and evidence-gathering under the Act. Te Kete Kōrero a Te ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Chief Victims Advisor reappointed for a further two years
    The Chief Victims Advisor to Government Dr Kim McGregor, QSO, has been reappointed in her role for a further two years. Dr McGregor has held the role since it was established in November 2015. She provides independent advice to government on how to improve the criminal justice system for victims. ...
    BeehiveBy beehive.govt.nz
    16 hours ago
  • New Zealand tsunami monitoring and detection system to be established
    Foreign Affairs Minister Winston Peters and Civil Defence Minister Peeni Henare have today announced the deployment of a network of DART (Deep-ocean Assessment and Reporting of Tsunami) buoys. “New Zealand and the Pacific region are particularly vulnerable to natural disasters. It is vital we have adequate warning systems in place,” ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • DART Buoys Announcement
    DART Buoys Announcement Aotea Wharf, 9.30am 11 December 2019   Acknowledgements Acknowledgements to Minister for Civil Defence Hon Peeni Henare also here today. White Island It is with regret that this event shadows the tragic natural disaster two days ago. The volcanic eruptions on White Island have claimed 5 lives, ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • Final steps for racing industry reform
    Racing Minister Winston Peters has welcomed the first reading of the Racing Industry Bill in parliament today. This is the second of two Bills that have been introduced this year to revitalise New Zealand’s racing industry. “Our domestic racing industry has been in serious decline.  The Government is committed to ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Funding to promote New Zealand Sign Language initiatives
    Minister for Disability Issues, Carmel Sepuloni, is pleased to announce that $291,321 is to be awarded to national and local community initiatives to maintain and promote the use of New Zealand Sign Language (NZSL). “New Zealand is one of the few countries  in the world where Sign Language is an ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • How New Zealand defines and recognises veterans
    Minister for Veterans Ron Mark has announced today the Coalition Government’s initial response to work completed by the independent statutory body, the Veterans’ Advisory Board. “When Professor Ron Paterson completed his review of the Veterans’ Support Act in 2018, he made a number of recommendations, including one which I referred ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government to fund lion’s share of Ohakea water scheme
    The Government will fund the bulk of the cost of a rural water supply for the Ohakea community affected by PFAS contamination, Environment Minister David Parker announced today at a meeting of local residents. This new water scheme will provide a reliable and clean source of drinking water to the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Prime Minister statement on White Island eruption
    I have had the opportunity to be briefed on the details of the volcanic eruption of Whakaari/White Island, off the coast of Whakatane in the Bay of Plenty.  The eruption happened at 2.11pm today.  It continues to be an evolving situation.  We know that there were a number of tourists ...
    BeehiveBy beehive.govt.nz
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  • Govt funds $100k for weather-hit communities
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  • Death of NZ High Commissioner to Cook Islands
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  • Wellington rail upgrade full steam ahead
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  • Govt releases funding to support South Canterbury
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  • Speech at launch of Rethinking Plastics Report
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  • Speech to Government Economics Network 2019 Conference
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  • Tabuteau to advance New Zealand’s trade and political interests with European partners
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  • Statement from the Prime Minister on Kris Faafoi
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  • Tonga-New Zealand Joint Ministerial Forum
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  • Eight Queen’s Counsel appointed under new criterion
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  • Major expansion for Wellington’s Onslow College
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  • Talented young Kiwis awarded PM’s Scholarships to Asia and Latin America
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  • Government acts to sort out electoral ‘coin toss’ problem
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  • Bill to empower urban development projects
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