Nats warn of credit downgrade
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- Date published:
7:39 am, October 1st, 2011 - 17 comments
Categories: debt / deficit, economy, national -
Tags: credit downgrade, oops
The 2009 budget was another piece of well managed political theatre by National. Reneging on their irresponsible election bribe tax cuts, and knowing that they wouldn’t have anything much positive to sell, they set up the threat of a credit downgrade as the litmus test of success.
Before the budget Key confidently predicted that the political humiliation of a downgrade would be avoided. Eddie started us off with a few choice quotes yesterday, here’s another from Key:
“If a downgrade were to happen, it would add 1-2% of interest on the amount the government borrows, which is around $600 million each year.
This, says Key, is to be avoided at all costs. “That’s every homeowner, every business, everybody paying 2% more. That would be irresponsible in my view for the government not to act,” Key says. [emphasis added]
To make sure of the outcome, Bill English consulted with the ratings agencies (to the extent that even Tory commentators raised the alarm about Who’s writing the budget?). Sure enough post budget the agencies duly held their ratings, and the government got to enjoy the mission accomplished spin. They were still posturing (in well scripted uniformity) about avoiding a downgrade in debate on the 10th of August 2011:
STUART NASH (Labour) to the Minister of Finance: In what way is New Zealand “better placed to withstand” a financial crisis than 3 years ago given that before he came in to office the Government was running a surplus and core Crown net debt was just 1 percent of GDP and now the Government is running record deficits and net debt is 20 percent of GDP? …
Hon BILL ENGLISH: I think it [the government’s credit rating] is on negative outlook, and that is remarkably better than the downgrade we would have faced if we had not changed the damaging and wasteful policies of the previous Labour Government. …
TIM MACINDOE (National—Hamilton West) : … Have those members not noticed what is happening in Europe, America, and elsewhere at the present time? Do the phrases “debt crisis” and “credit downgrade” mean nothing to them? …
AMY ADAMS (National—Selwyn) : … Of course, more recently we have watched the old superpower America teeter on the brink of complete collapse, and we have seen its economy not only downgraded recently, but also put on further negative watch. That tells us how important it is that we can present to the world the face of a strong economy that has its books in order, its debts under control, and, most important, is being led by a Government that knows how to run a strong economy and knows how important it is to keep the accounts in good order and keep us in good shape. We have seen over the three Budgets delivered by the John Key – led Government a story of returning this country to the strong position it deserves to be in, putting us on the front foot and putting us in a position where we are economically competitive internationally and where the world and the lending markets know we are a good bet. …
DAVID BENNETT (National—Hamilton East) : … What the Labour plan would deliver is more debt. Is more debt a good thing to have at this time? Labour should ask the Americans what more debt means. More debt means we get downgraded. When we get downgraded, what does that mean? That means we are going to be in a situation where we have higher interest rates for our people. The people in New Zealand do not want higher interest rates. …
Hon JUDITH COLLINS (Minister of Police) :… Well, we have seen this week in the United States what happens when a nation’s credit rating goes down. We have seen what happens. What happens is that interest rates go up—interest rates for the job creators, interest rates for mum and dad investors, interest rates for homeowners, interest rates for people with mortgages, and interest rates that translate through to everybody’s pocket. … There is not a word from the Opposition about how this Budget prevented a downgrade of our credit rating, which would have affected every New Zealander in some way. …
JAMI-LEE ROSS (National—Botany) : … They think that more debt will solve all those issues. Well, it will not. It will put us in a situation where we would have a credit rating downgrade if we continued along the debt projection that the last Labour Government left us with. It would be a shambles. … High debt levels would lead to a credit rating downgrade, and that would lead us back to the area of high interest rates for New Zealand homeowners. …
Fast forward to September and the Nats have suffered not one, but two separate credit downgrades. I wonder how they’re going to explain away their boastful posturing and dire warnings now. With a smile and a wave perhaps?
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- Members Bill will prevent Māori land confiscationsGreen Party MP Hūhana Lyndon says her Public Works (Prohibition of Compulsory Acquisition of Māori Land) Amendment Bill is an opportunity to right some past wrongs around the alienation of Māori land. ...1 week ago
- TIKANGA IS NOT LAW. IT IS CULTURAL INDOCTRINATION.A senior, highly respected King’s Counsel with decades of experience in our law courts, Gary Judd KC, has filed a complaint about compulsory tikanga Māori studies for law students - highlighting the utter depths of absurdity this woke cultural madness has taken our society. The tikanga regulations will compel law ...1 week ago
- Release: National won’t commit to full Nelson Hospital upgradeThe Government needs to be clear with the people of the Nelson Marlborough region about the changes it is considering for the Nelson Hospital rebuild, Labour health spokesperson Ayesha Verrall said. ...1 week ago
- Release: Labour calls for fast track list to be releasedMinisters must front up about which projects it will push through under its Fast Track Approvals legislation, Labour environment spokesperson Rachel Brooking said today. ...1 week ago
- Release: National gaslights women fighting for equal payNational has scrapped the pay equity taskforce that fights for equal pay for women and looks at ethnic pay gaps. ...2 weeks ago
- Release: More job cuts, fewer houses under NationalThe Government is again adding to New Zealand’s growing unemployment, this time cutting jobs at the agencies responsible for urban development and growing much needed housing stock. ...2 weeks ago
- Release: Children fall deeper through the cracks in Govt cutsWith Minister Karen Chhour indicating in the House today that she either doesn’t know or care about the frontline cuts she’s making to Oranga Tamariki, we risk seeing more and more of our children falling through the cracks. ...2 weeks ago
- Release: Labour honours memory of Sir Robert MartinThe Labour Party is saddened to learn of the death of Sir Robert Martin, a globally renowned disability advocate who led the way for disability rights both in New Zealand and internationally. ...2 weeks ago
- Release: 130,000 cattle saved from live exportLabour is calling for the Government to urgently rethink its coalition commitment to restart live animal exports, Labour animal welfare spokesperson Rachel Boyack said. ...2 weeks ago
- Central Bank makes clear Government is pouring fuel on housing crisis fireToday’s Financial Stability Report has once again highlighted that poverty and deep inequality are political choices - and this Government is choosing to make them worse. ...2 weeks ago
- New unemployment figures paint bleak pictureThe Green Party is calling on the Government to do more for our households in most need as unemployment rises and the cost of living crisis endures. ...2 weeks ago
- Release: National’s job cuts already starting to bite as unemployment risesUnemployment is on the rise and it’s only going to get worse under this Government, Labour finance spokesperson Barbara Edmonds said. Stats NZ figures show the unemployment rate grew to 4.3 percent in the March quarter from 4 percent in the December quarter. “This is the second rise in unemployment ...2 weeks ago
- Release: National hiking transport costs for families and young New ZealandersWeekly expenses will grow for more than 1.6 million New Zealanders as the Government ends free and half price public transport fares tomorrow. ...2 weeks ago
- Release: Labour welcomes EU free trade agreementThe New Zealand Labour Party welcomes the entering into force of the European Union and New Zealand free trade agreement. This agreement opens the door for a huge increase in trade opportunities with a market of 450 million people who are high value discerning consumers of New Zealand goods and ...2 weeks ago
- Surprise: Landlord tax cuts don’t trickle downThe Green Party is renewing its call for rent controls following reports of rental prices hitting an all-time high. ...2 weeks ago
- Release: $1.7b for no increase in access to medicineThe National-led Government continues its fiscal jiggery pokery with its Pharmac announcement today, Labour Health spokesperson Ayesha Verrall says. “The government has increased Pharmac funding but conceded it will only make minimal increases in access to medicine”, said Ayesha Verrall “This is far from the bold promises made to fund ...2 weeks ago
- Release: National should heed Tribunal warning and scrap coalition commitment with ACTThis afternoon’s interim Waitangi Tribunal report must be taken seriously as it affects our most vulnerable children, Labour children’s spokesperson Willow-Jean Prime. ...2 weeks ago
- Release: More accountability for preventable workplace deaths this Workers’ Memorial DayLabour is calling for more accountability for preventable workplace deaths because everybody who goes to work deserves to come home safely. ...2 weeks ago
- Gaza: Aotearoa Must Support Independent Investigation into Mass GravesTe Pāti Māori are demanding the New Zealand Government support an international independent investigation into mass graves that have been uncovered at two hospitals on the Gaza strip, following weeks of assault by Israeli troops. Among the 392 bodies that have been recovered, are children and elderly civilians. Many of ...3 weeks ago
- Joint statement of Christopher Luxon and Emmanuel Macron: Launch of the Christchurch Call Foundation
New Zealand Prime Minister Christopher Luxon and President Emmanuel Macron of France today announced a new non-governmental organisation, the Christchurch Call Foundation, to coordinate the Christchurch Call’s work to eliminate terrorist and violent extremist content online. This change gives effect to the outcomes of the November 2023 Call Leaders’ Summit, ...16 hours ago - Panel announced for review into disability servicesDistinguished public servant and former diplomat Sir Maarten Wevers will lead the independent review into the disability support services administered by the Ministry of Disabled People – Whaikaha. The review was announced by Disability Issues Minister Louise Upston a fortnight ago to examine what could be done to strengthen the ...17 hours ago
- Minister welcomes Police gang unitToday’s announcement by Police Commissioner Andrew Coster of a National Gang Unit and district Gang Disruption Units will help deliver on the coalition Government’s pledge to restore law and order and crack down on criminal gangs, Police Minister Mark Mitchell says. “The National Gang Unit and Gang Disruption Units will ...17 hours ago
- New Zealand expresses regret at North Korea’s aggressive rhetoricForeign Minister Winston Peters has today expressed regret at North Korea’s aggressive rhetoric towards New Zealand and its international partners. “New Zealand proudly stands with the international community in upholding the rules-based order through its monitoring and surveillance deployments, which it has been regularly doing alongside partners since 2018,” Mr ...18 hours ago
- New Chief of Defence Force appointedAir Vice-Marshal Tony Davies MNZM is the new Chief of Defence Force, Defence Minister Judith Collins announced today. The Chief of Defence Force commands the Navy, Army and Air Force and is the principal military advisor to the Defence Minister and other Ministers with relevant portfolio responsibilities in the defence ...18 hours ago
- Government puts children first by repealing 7AALegislation to repeal section 7AA of the Oranga Tamariki Act has been introduced to Parliament. The Bill’s introduction reaffirms the Coalition Government’s commitment to the safety of children in care, says Minister for Children, Karen Chhour. “While section 7AA was introduced with good intentions, it creates a conflict for Oranga ...19 hours ago
- Defence Minister to meet counterparts in UK, ItalyDefence Minister Judith Collins will this week travel to the UK and Italy to meet with her defence counterparts, and to attend Battles of Cassino commemorations. “I am humbled to be able to represent the New Zealand Government in Italy at the commemorations for the 80th anniversary of what was ...20 hours ago
- Charter schools to lift educational outcomesThe upcoming Budget will include funding for up to 50 charter schools to help lift declining educational performance, Associate Education Minister David Seymour announced today. $153 million in new funding will be provided over four years to establish and operate up to 15 new charter schools and convert 35 state ...20 hours ago
- COVID-19 Inquiry terms of reference consultation results received“The results of the public consultation on the terms of reference for the Royal Commission into COVID-19 Lessons has now been received, with results indicating over 13,000 submissions were made from members of the public,” Internal Affairs Minister Brooke van Velden says. “We heard feedback about the extended lockdowns in ...1 day ago
- The Pacific family of nations – the changing security outlookForeign Minister, Defence Minister, other Members of Parliament Acting Chief of Defence Force, Secretary of Defence Distinguished Guests Defence and Diplomatic Colleagues Ladies and Gentlemen, Good afternoon, tēna koutou, apinun tru It’s a pleasure to be back in Port Moresby today, and to speak here at the Kumul Leadership ...1 day ago
- NZ and Papua New Guinea to work more closely togetherHealth, infrastructure, renewable energy, and stability are among the themes of the current visit to Papua New Guinea by a New Zealand political delegation, Foreign Minister Winston Peters says. “Papua New Guinea carries serious weight in the Pacific, and New Zealand deeply values our relationship with it,” Mr Peters ...2 days ago
- Driving ahead with Roads of Regional SignificanceThe coalition Government is launching Roads of Regional Significance to sit alongside Roads of National Significance as part of its plan to deliver priority roading projects across the country, Transport Minister Simeon Brown says. “The Roads of National Significance (RoNS) built by the previous National Government are some of New Zealand’s ...2 days ago
- New Zealand congratulates new Solomon Islands governmentA high-level New Zealand political delegation in Honiara today congratulated the new Government of Solomon Islands, led by Jeremiah Manele, on taking office. “We are privileged to meet the new Prime Minister and members of his Cabinet during his government’s first ten days in office,” Deputy Prime Minister and ...2 days ago
- New Zealand supports UN Palestine resolutionNew Zealand voted in favour of a resolution broadening Palestine’s participation at the United Nations General Assembly overnight, Foreign Minister Winston Peters says. “The resolution enhances the rights of Palestine to participate in the work of the UN General Assembly while stopping short of admitting Palestine as a full ...4 days ago
- Speech to the 2024 Infrastructure SymposiumIntroduction Good morning. It’s a great privilege to be here at the 2024 Infrastructure Symposium. I was extremely happy when the Prime Minister asked me to be his Minister for Infrastructure. It is one of the great barriers holding the New Zealand economy back from achieving its potential. Building high ...5 days ago
- $571 million for Defence pay and projectsDefence Minister Judith Collins today announced the upcoming Budget will include new funding of $571 million for Defence Force pay and projects. “Our servicemen and women do New Zealand proud throughout the world and this funding will help ensure we retain their services and expertise as we navigate an increasingly ...5 days ago
- Climate change – mitigating the risks and costsNew Zealand’s ability to cope with climate change will be strengthened as part of the Government’s focus to build resilience as we rebuild the economy, Climate Change Minister Simon Watts says. “An enduring and long-term approach is needed to provide New Zealanders and the economy with certainty as the climate ...5 days ago
- Getting new job seekers on the pathway to workJobseeker beneficiaries who have work obligations must now meet with MSD within two weeks of their benefit starting to determine their next step towards finding a job, Social Development and Employment Minister Louise Upston says. “A key part of the coalition Government’s plan to have 50,000 fewer people on Jobseeker ...6 days ago
- Accelerating Social InvestmentA new standalone Social Investment Agency will power-up the social investment approach, driving positive change for our most vulnerable New Zealanders, Social Investment Minister Nicola Willis says. “Despite the Government currently investing more than $70 billion every year into social services, we are not seeing the outcomes we want for ...6 days ago
- Getting Back on TrackCheck against delivery Good morning. It is a pleasure to be with you to outline the Coalition Government’s approach to our first Budget. Thank you Mark Skelly, President of the Hutt Valley Chamber of Commerce, together with your Board and team, for hosting me. I’d like to acknowledge His Worship ...6 days ago
- NZ – European Union ties more critical than everYour Excellency Ambassador Meredith, Members of the Diplomatic Corps and Ambassadors from European Union Member States, Ministerial colleagues, Members of Parliament, and other distinguished guests, Thank you everyone for joining us. Ladies and gentlemen - In diplomacy, we often speak of ‘close’ and ‘long-standing’ relations. ...6 days ago
- Therapeutic Products Act to be repealedThe Therapeutic Products Act (TPA) will be repealed this year so that a better regime can be put in place to provide New Zealanders safe and timely access to medicines, medical devices and health products, Associate Health Minister Casey Costello announced today. “The medicines and products we are talking about ...7 days ago
- Decisions on Wellington City Council’s District PlanThe Minister Responsible for RMA Reform, Chris Bishop, today released his decision on twenty recommendations referred to him by the Wellington City Council relating to its Intensification Planning Instrument, after the Council rejected those recommendations of the Independent Hearings Panel and made alternative recommendations. “Wellington notified its District Plan on ...7 days ago
- Rape Awareness Week: Government committed to action on sexual violenceRape Awareness Week (6-10 May) is an important opportunity to acknowledge the continued effort required by government and communities to ensure that all New Zealanders can live free from violence, say Ministers Karen Chhour and Louise Upston. “With 1 in 3 women and 1 in 8 men experiencing sexual violence ...7 days ago
- Smarter lunch programme feeds more, costs lessAssociate Education Minister David Seymour has today announced that the Government will be delivering a more efficient Healthy School Lunches Programme, saving taxpayers approximately $107 million a year compared to how Labour funded it, by embracing innovation and commercial expertise. “We are delivering on our commitment to treat taxpayers’ money ...7 days ago
- Report provides insights into marine recoveryNew research on the impacts of extreme weather on coastal marine habitats in Tairāwhiti and Hawke’s Bay will help fishery managers plan for and respond to any future events, Oceans and Fisheries Minister Shane Jones says. A report released today on research by Niwa on behalf of Fisheries New Zealand ...7 days ago
- NZ to send political delegation to the PacificDeputy Prime Minister and Foreign Minister Winston Peters will lead a broad political delegation on a five-stop Pacific tour next week to strengthen New Zealand’s engagement with the region. The delegation will visit Solomon Islands, Papua New Guinea, Vanuatu, New Caledonia, and Tuvalu. “New Zealand has deep and ...7 days ago
- Low gas production threatens energy securityThere has been a material decline in gas production according to figures released today by the Gas Industry Co. Figures released by the Gas Industry Company show that there was a 12.5 per cent reduction in gas production during 2023, and a 27.8 per cent reduction in gas production in the ...1 week ago
- Defence industry talent, commitment recognisedDefence Minister Judith Collins tonight announced the recipients of the Minister of Defence Awards of Excellence for Industry, saying they all contribute to New Zealanders’ security and wellbeing. “Congratulations to this year’s recipients, whose innovative products and services play a critical role in the delivery of New Zealand’s defence capabilities, ...1 week ago
- Speech to the Minister of Defence Awards of Excellence for IndustryWelcome to you all - it is a pleasure to be here this evening.I would like to start by thanking Greg Lowe, Chair of the New Zealand Defence Industry Advisory Council, for co-hosting this reception with me. This evening is about recognising businesses from across New Zealand and overseas who in ...1 week ago
- Speech to the Sixth Annual New Zealand Government Data SummitIt is a pleasure to be speaking to you as the Minister for Digitising Government. I would like to thank Akolade for the invitation to address this Summit, and to acknowledge the great effort you are making to grow New Zealand’s digital future. Today, we stand at the cusp of ...1 week ago
- Ceasefire agreement needed now: PetersNew Zealand is urging both Israel and Hamas to agree to an immediate ceasefire to avoid the further humanitarian catastrophe that military action in Rafah would unleash, Foreign Minister Winston Peters says. “The immense suffering in Gaza cannot be allowed to worsen further. Both sides have a responsibility to ...1 week ago
- Daily school attendance data now availableA new online data dashboard released today as part of the Government’s school attendance action plan makes more timely daily attendance data available to the public and parents, says Associate Education Minister David Seymour. The interactive dashboard will be updated once a week to show a national average of how ...1 week ago
- Ambassador to United States appointedForeign Minister Winston Peters has announced Rosemary Banks will be New Zealand’s next Ambassador to the United States of America. “Our relationship with the United States is crucial for New Zealand in strategic, security and economic terms,” Mr Peters says. “New Zealand and the United States have a ...1 week ago
- New permit proposed for recreational gold miningThe Government is considering creating a new tier of minerals permitting that will make it easier for hobby miners to prospect for gold. “New Zealand was built on gold, it’s in our DNA. Our gold deposits, particularly in regions such as Otago and the West Coast have always attracted fortune-hunters. ...1 week ago
- NZ and the UAE launch FTA negotiationsMinister for Trade Todd McClay today announced that New Zealand and the United Arab Emirates (UAE) will commence negotiations on a free trade agreement (FTA). Minister McClay met with his counterpart UAE Trade Minister Dr Thani bin Ahmed Al Zeyoudi in Dubai, where they announced the launch of negotiations on a ...1 week ago
- New Zealand Sign Language Week an opportunity for anyone to signNew Zealand Sign Language Week is an excellent opportunity for all Kiwis to give the language a go, Disabilities Issues Minister Louise Upston says. This week (May 6 to 12) is New Zealand Sign Language (NZSL) Week. The theme is “an Aotearoa where anyone can sign anywhere” and aims to ...1 week ago
- Next stop NASA for New Zealand studentsSix tertiary students have been selected to work on NASA projects in the US through a New Zealand Space Scholarship, Space Minister Judith Collins announced today. “This is a fantastic opportunity for these talented students. They will undertake internships at NASA’s Ames Research Center or its Jet Propulsion Laboratory (JPL), where ...1 week ago
- $1.9 billion investment to keep NZ safe from crimeNew Zealanders will be safer because of a $1.9 billion investment in more frontline Corrections officers, more support for offenders to turn away from crime, and more prison capacity, Corrections Minister Mark Mitchell says. “Our Government said we would crack down on crime. We promised to restore law and order, ...1 week ago
- OECD reinforces need to control spendingThe OECD’s latest report on New Zealand reinforces the importance of bringing Government spending under control, Finance Minister Nicola Willis says. The OECD conducts country surveys every two years to review its members’ economic policies. The 2024 New Zealand survey was presented in Wellington today by OECD Chief Economist Clare Lombardelli. ...1 week ago
- Doubts about value, results from charter schools – education figures
Reintroduced charter schools will be tightly monitored, but a lack of transparency in reporting was a key criticism they faced last time around. ...6 hours ago - At a glance: the 2024 federal budget split four ways
Source: The Conversation (Au and NZ) – By Matt Garrow, Editorial Web Developer The government has handed down its budget for 2024–25. It’s delivered a $9.3 billion surplus for the financial year just about to finish but is forecasting a $28.3 billion deficit for next year. Here’s the key points: ...7 hours ago - View from The Hill: What the Reserve Bank thinks of Chalmers’ budget will be nearly as important a...Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Jim Chalmers has produced a benign third budget aimed at soothing hard-pressed voters agitated about their high cost of living and punishing interest rates. At the same time he has walked a tightrope, trying ...7 hours ago
- Relief on energy bills for all in a federal budget that bets on lower inflationSource: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Wes Mountain/The Conversation, CC BY-ND A $300 energy rebate for all households from July 1 and a 10% increase in Commonwealth Rent Assistance are key measures in a budget targeting cost-of-living relief that put ...7 hours ago
- Budget 2024: Chalmers fights inflation, will it be enough for a rate cut?Source: The Conversation (Au and NZ) – By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra Treasurer Jim Chalmers promised an “inflation-fighting and future-making budget” and he has delivered by introducing measures aimed at directly bringing down inflation. Combined, his A$300-per-household energy rebate and ...7 hours ago
- Budget 2024: As Chalmers fights inflation, will it be enough for a rate cut?Source: The Conversation (Au and NZ) – By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra Treasurer Jim Chalmers promised an “inflation-fighting and future-making budget” and he has delivered by introducing measures aimed at directly bringing down inflation. Combined, his A$300-per-household energy rebate and ...7 hours ago
- Chalmers is bitten by the giveaway bug in a budget that contains good news for almost everyoneSource: The Conversation (Au and NZ) – By Stephen Bartos, Professor of Economics, University of Canberra Treasurer Jim Chalmers has been bitten by the giveaway bug. This budget contains not only the well-foreshadowed tax cuts for all taxpayers, but a range of new spending measures in health, education, infrastructure, aged ...7 hours ago
- Curfew in New Caledonia after Kanak riots over French voting change planBy Stephen Wright and Stefan Armbruster of BenarNews French authorities have imposed a curfew on New Caledonia’s capital Nouméa and banned public gatherings after supporters of the Pacific territory’s independence movement blocked roads, set fire to buildings and clashed with security forces. Tensions in New Caledonia have been inflamed by ...8 hours ago
- Gang unit will disproportionately affect Māori and Pasifika, Te Pāti Māori sayAmid criticism from opposition parties, a gang expert says it focuses on an area of political and public worry. ...8 hours ago
- Sir Maarten Wevers to lead Ministry for Disabled People reviewThe review will investigate how to keep disability support services funded by the ministry going in the long-term. ...8 hours ago
- David McBride goes to prison – and Australian democracy takes a hitSource: The Conversation (Au and NZ) – By Peter Greste, Professor of Journalism and Communications, Macquarie University Governments and their agencies wield awesome power. At times, it is quite literally the power over life and death. That is why in any functioning democracy, we have robust checks and balances designed ...9 hours ago
- Longer appointments are just the start of tackling the gender pain gap. Here are 4 more things we ca...Source: The Conversation (Au and NZ) – By Michelle O’Shea, Senior Lecturer, School of Business, Western Sydney University PeopleImages.com – Yuri A/Shutterstock Ahead of today’s federal budget, health minister Mark Butler last week announced an investment of A$49.1 million to help women with endometriosis and complex gynaecological conditions such ...9 hours ago
- 71st Everest Day: A Celebration Of New Zealand-Nepal Relationship And The Quest To Preserve The Ever...
As the world commemorates the 71st Everest Day, it's not just a celebration of human achievement but also a reflection of the enduring bond between New Zealand and Nepal. This day marks the historic feat of Sir Edmund Hillary and Tenzing Norgay Sherpa ...11 hours ago - Activists Seek To Shut Down Gender-critical Event: Tākina Events Must Uphold Speech RightsIndividuals in Wellington, led by City Councillor Nīkau Wi Neera, are working to use the ‘hecklers veto’ to shut down Inflection Point , a gender-critical event to be held at a Te Papa venue this weekend featuring speakers such as Bob McCoskrie ...11 hours ago
- Trans Community To Rally Against HateThe transgender community, whānau & allies will rally outside Tākina/Wellington Convention Centre against anti-trans confederation “Inflection Point NZ,” who are hosting a conference to encourage parliamentarians to restrict trans people’s ...11 hours ago
- Net Migration Loss Of New Zealand Citizens Exceeds 50,000Before the current high levels, the record annual net migration loss of New Zealand citizens was 44,400 in the February 2012 year. ...11 hours ago
- Charter schools: What are they, how are they different, and are they better than public schools?What exactly are charter schools and what makes them different to regular public schools? Here's what you need to know. ...12 hours ago
- End is nigh for public ownership of Auckland Airport shares
A strategic asset for Auckland that has been fought over for years as either sacrosanct or a sacred cow looks certain to be sold and the proceeds of around $1.3 billion put in a new investment fund. A year after bitter political struggle ended in a compromise in which Auckland ...13 hours ago - Bryce Edwards’ Analysis – The Govt’s Fast-Track being demolished by submissions to ParliamentAnalysis by Dr Bryce Edwards – the Democracy Project (https://democracyproject.nz) Political scientist, Dr Bryce Edwards. The number of voices raising concerns about the Government’s Fast-Track Approvals Bill is rapidly growing. This is especially apparent now that Parliament’s select committee is listening to submissions from the public to evaluate the ...13 hours ago
- ‘A lot of fire, violence’: Nouméa erupts as protests halt New CaledoniaRNZ Pacific New Caledonians lined up in long queues outside shopping centres to buy supplies in the capital Nouméa today amid political unrest in the French territory Demonstrations, marches and clashes with security forces erupted yesterday and French High Commissioner Louis Le Franc told the public broadcaster he had called ...13 hours ago
- Christchurch Call to continue as charityThe initiative, established by former prime minister Dame Jacinda Ardern, aims to stop violent extremism online. ...13 hours ago
- An NRL player died at training due to exertional heat stroke. What is it and what should coaches and...Source: The Conversation (Au and NZ) – By Samuel Chalmers, Senior Lecturer in Human Movement, University of South Australia The tragic death of Manly rugby league player Keith Titmuss in 2020 due to exertional heat stroke is a reminder of the life-threatening nature of the condition. Titmuss died after ...14 hours ago
- Luxon Must Rule Out Taxpayer Funding For “fatally Compromised” Christchurch CallInternet Governance Project founder Milton Mueller asked “is the Christchurch Call accomplishing anything?” Increasingly it seems the only thing it hopes to achieve is killing off free expression. ...15 hours ago
- NZ foreign minister Peters cancels New Caledonia visit as unrest eruptsNew Zealand Foreign Affairs Minister Winston Peters has cancelled his visit to New Caledonia due to pro-independence unrest throughout the French Pacific territory. Peters and a delegation of other ministers was due to visit the capital Nouméa later this week. Nouméa’s La Tontouta International Airport is expected to remain closed ...15 hours ago
- ‘I thought we could wear Zoolander outfits’: Pip Adam and Emily Perkins on the Ockhams
Audition by Pip Adam and Lioness by Emily Perkins are both shortlisted for the fiction award at the 2024 Ockham New Zealand Book Awards. Here the authors discuss awards, writing, Selling Sunset, review culture, Zoolander and more. Pip Adam: Whenever I think about writers and our ambitions, I can’t help ...15 hours ago - Influence, authority and power: how elite women played a crucial role in the Italian Wars of the 16t...Source: The Conversation (Au and NZ) – By Susan Broomhall, Director, Gender and Women’s History Research Centre, Australian Catholic University Andrea Mantegna, Minerva (Athena) expelling Vices from the Garden of Virtue, from the Studiolo of Isabella d’Este, Palazzo Ducale, Mantua (c. 1499–1502). Louvre Museum/Wikimedia Commons Wartime has often presented opportunities ...15 hours ago
- Some say the Treaty of Waitangi divides NZ – a new survey suggests the opposite is trueSource: The Conversation (Au and NZ) – By Olli Hellmann, Associate Professor of Political Science, University of Waikato Getty Images The stories Aotearoa New Zealand tells itself about the history of Te Tiriti o Waitangi/the Treaty of Waitangi have evolved considerably over time. For many decades, starting with the ...16 hours ago
- Police to establish national gang unitPolice are setting up frontline teams to tackle crime and intimidation by gangs, Andrew Coster has announced. ...16 hours ago
- Why are auroras so hard to predict? And when can we expect more?Source: The Conversation (Au and NZ) – By Brett Carter, Associate Professor, RMIT University Aurora visible from Cope Cope, Victoria on May 11 2024. cafuego/Flickr, CC BY-SA On Saturday evening before Mother’s Day, Australians witnessed a rare celestial spectacle: a breathtaking display of aurora australis, also known as the southern ...17 hours ago
- Watch: Police Commissioner Andrew Coster announces new 'National Gang Unit'Police are setting up frontline teams to tackle crime and intimidation by gangs, Andrew Coster has announced. ...17 hours ago
- Watch live: Police Commissioner Andrew Coster announces new 'National Gang Unit'Andrew Coster has revealed new dedicated police teams will tackle organised crime. ...17 hours ago
- ‘As much as we built it, it built us’: How Sunday said goodbyeTara Ward watches as TVNZ’s long-running current affairs show bows out with humility and grace. We have just 12 days left to view the final episode of Sunday on TVNZ+. In just over a week, there will be no more evidence of the award-winning current affairs show on the digital ...17 hours ago
- Botched prison mutiny, protests ahead of New Caledonia constitution voteBy Patrick Decloitre, RNZ Pacific correspondent French Pacific desk New Caledonia has gone through yet another day of tense political protests and a failed prison mutiny — a few hours ahead of a vote in Paris’s National Assembly on a government-tabled Constitutional amendment. This amendment would “unfreeze” the list of ...18 hours ago
- Winston Peters cancels New Caledonia visit amid violent unrestThe Foreign Affairs Minister was due to visit the capital Nouméa this week. ...18 hours ago
- One woman’s ranking of her 20 favourite local band shirtsTo celebrate New Zealand Music Month, Sophie Ricketts wears a different band T-shirt every day. Here she picks her top 20. I love music. I love listening to it, I love seeing it live, and I love buying a T-shirt from the band or artist I’ve enjoyed. Every year, during ...19 hours ago
- Behind the roller door: How people are using their garages for much more than storageResearch from AA Insurance reveals more and more people are taking pride in their garage. Meet three New Zealanders using their space in creative ways. If you think of a garage, you might picture a dark room with a parked car. There might be some tools on the wall, or ...19 hours ago
- Critical Forestry Research Under Threat As Attack On Science Ramps UpGovernment spending cuts have forced Scion, the dedicated Crown research institute charged with growing forestry exports, to propose shedding a significant number of scientists. ...19 hours ago
- About 30 jobs to go at Crown forestry institute ScionAbout 30 jobs are being cut at the Crown forestry institute, the PSA says. ...19 hours ago
- Winston Peters cancels New Caledonia vist due to unrestThe Foreign Affairs Minister was due to visit the capital Nouméa this week. ...19 hours ago
- Watch: Charter schools to get $153m in new funding in Budget 2024Up to 50 charter schools will be funded with $153m out of Budget 2024, David Seymour has announced. ...19 hours ago
- Access Denied: Government Must Fund Online Access To Public Records...20 hours ago
- Scrapping the waste export levy threatens Australia’s emerging lithium battery recycling industrySource: The Conversation (Au and NZ) – By Yasir Arafat, Senior Research Associate, Edith Cowan University asharkyu, Shutterstock As electric vehicle (EV) demand accelerates, so does the need for lithium batteries. But these batteries contain valuable critical minerals, as well as toxic materials, so they should not be treated ...20 hours ago
- Centenarian Recalls Battles Of Cassino Ahead Of 80th Anniversary CommemorationsNZDF personnel will support the New Zealand National Commemorative Service at the Cassino War Cemetery and a New Zealand Service of Remembrance at the Cassino Railway Station, next week. ...20 hours ago
- Consultants needed for education system changes – Christopher LuxonBut the Prime Minister says he's not aware of ministry staff who are losing their jobs being asked to work as consultants. ...20 hours ago
- The cost of being: A sex worker with a taste for luxury shoppingAs part of our series exploring how New Zealanders live and our relationship with money, a masseuse tells us how much she earns and where she spends it. Want to be part of The Cost of Being? Fill out the questionnaire here. Gender: Female Age: 33 Ethnicity: NZ European Role: ...20 hours ago
- AI can make up songs now, but who owns the copyright? The answer is complicatedSource: The Conversation (Au and NZ) – By Wellett Potter, Lecturer in Law, University of New England Eugenio Marongiu/Shutterstock Artificial intelligence (AI) text and image generation tools have now been around for a while, but in recent weeks, apps for making AI-generated music have reached consumers as well. ...21 hours ago
- 1968 was an inflection point for the US. Is another one coming in 2024?Source: The Conversation (Au and NZ) – By Liam Byrne, Honorary Fellow, School of Historical and Philosophical Studies, The University of Melbourne For many reasons, the 2024 US presidential election will be like no other. Republican nominee Donald Trump’s campaign is unprecedented. Never before has a former president who ...21 hours ago
- 154 million lives saved in 50 years: 5 charts on the global success of vaccinesSource: The Conversation (Au and NZ) – By Meru Sheel, Associate Professor and Epidemiologist, Infectious Diseases, Immunisation and Emergencies Group, Sydney School of Public Health, University of Sydney We know vaccines have been a miracle for public health. Now, new research led by the World Health Organization has found vaccines ...21 hours ago
- Source: The Conversation (Au and NZ) – By Chrissy Severinsen, Associate Professor in Public Health, Massey University Getty Images Becoming a mother is a significant identity shift, and many new mums struggle. Up to 18% of New Zealand mothers experience depression and anxiety after giving birth. The first ...21 hours ago
- Our research shows children produce better pieces of writing by hand. But they need keyboard skills ...Source: The Conversation (Au and NZ) – By Anabela Malpique, Senior Lecturer, Edith Cowan University Norma Mortenson/ Pexels , CC BY Children today are growing up surrounded by technology. So it’s easy to assume they will be able to write effectively using a keyboard. But our research suggests ...21 hours ago
- Is it wrong to have a romantic type based on race? Yes – it’s a form of racism we rarely speak a...Source: The Conversation (Au and NZ) – By Aaron Teo, Lecturer in Curriculum and Pedagogy, University of Southern Queensland ABC Much has been written and produced about white men’s fetishisation of Asian women (crudely nicknamed “yellow fever”). The ABC’s comedy series White Fever breaks new ground by exploring an ...21 hours ago
- What the Court of Appeal’s latest ruling means for the future of the Waitangi TribunalThe children’s minister could have been legally brought before the tribunal after all, writes Stewart Sowman-Lund in this extract from The Bulletin. To receive The Bulletin in full each weekday, sign up here. The end of ...22 hours ago
- Public sector cuts: Education ministry prepares to use consultantsStaff consulting firms were already asking some of the staff being made redundant to work for them. ...23 hours ago
- Fast-track submissions: Hundreds will miss out on speaking at committeeThe Select Committee has six weeks to hear submissions and its chair said it simply did not have enough time to get through everyone. ...23 hours ago
- Public service cuts: Education ministry prepares to use consultantsThe Ministry of Education is already preparing consultants to do the work of the people it is laying off, say staff. ...24 hours ago
- ‘Eat the bugs’: a short history of yet another global conspiracySeen comments on social media about eating bugs? Byron Clark explains the short history of our latest conspiracy. “No, Bill Gates nor Klaus Schwab has not funded the research done here,” reads an August 2023 Facebook post from Otago Locusts, the first farm in Aotearoa rearing insects for human consumption. ...1 day ago
- ‘I get bread and milk in the mail’: Why the decline of post will hurt rural communitiesRural post is essential but expensive, and residents are worried about its future. It’s 9.30am on a Monday morning in rural Manawatū, and farmer Mairi Whittle is on an all-terrain vehicle with her two young sons. After moving sheep from one slope to another, she swings by the letterbox. Opening ...1 day ago
- DoC responsible for $87.5m Ruapehu remediationRemediating Mt Ruapehu if things go pear-shaped could cost more than $80m – and the new operators aren’t on the hook for any of it The post DoC responsible for $87.5m Ruapehu remediation appeared first on Newsroom. ...1 day ago
- Where the ‘woke’ word fits in a history of racismOpinion: Unfortunately, the term ‘woke’ is back in the news and for the most stupid of reasons: Act leader David Seymour is now designating certain types of food as ‘woke’ or not. As the Government makes cuts to school lunches, let us consider what ‘woke’ might mean here. ...1 day ago
- Mega-prison’s missing business caseAnalysis: The Government’s decision to return to a mega-style prison seems to be missing a clear business case The post Mega-prison’s missing business case appeared first on Newsroom. ...1 day ago
- East Coast mayors hold out hope for Budget as rebuild bills mountEast Coast mayors are confident their region remains a priority, despite the Government’s focus on building new roads elsewhere The post East Coast mayors hold out hope for Budget as rebuild bills mount appeared first on Newsroom. ...1 day ago
- Ockhams: the sad truth about authors’ pot plantsNew Zealand authors hate houseplants. They are frightened of them, have nightmares about them, regard them as bad omens; they are afraid, too, of the responsibility of caring for them, and think of them as an alien species that will take over the selfish planet of their interior lives. There ...1 day ago
- Newsroom daily quiz, Tuesday 14 MayLoading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('A,DIV,A[data-quiz],DIV[data-quiz]'); if(ql){if(ql.length){for(var k=0;k<ql.length;k++){ql[k].id='quiz-embed-'+k;ql[k].href="javascript:var i=document.getElementById('quiz-embed-"+k+"');try{qz.startQuiz(i)}catch(e){i.start=1;i.style.cursor='wait';i.style.opacity='0.5'};void(0);"}}};i['QP']=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,'script','https://take.quiz-maker.com/3012/CDN/quiz-embed-v1.js','qp'); Got a good quiz question? Send Newsroom your questions. The post Newsroom daily quiz, Tuesday 14 May appeared first on Newsroom. ...1 day ago
- Daily crossword, Tuesday 14 MayThe post Daily crossword, Tuesday 14 May appeared first on Newsroom. ...1 day ago
- Fanning the sparks of dying languagesMore than 160 languages are spoken in New Zealand. Week-long events celebrate the unique languages heard across the country, and this week the focus is on the Rotuman language. According to Unesco, the Rotuman language is listed as endangered along with four other Pacific languages – Tokelauan, Niuean, Cook Islands ...1 day ago
- Chinese ‘volatility’ shows case for Aukus – UK diplomatChina’s massive military buildup and aggressive actions in the South China Sea are creating “volatility” that the controversial Aukus pact can help counter, the UK’s top diplomat in New Zealand says. British High Commissioner Iona Thomas will deliver a speech to the NZ Institute of International Affairs on Tuesday evening, ...1 day ago
- The politics behind pending health appointmentComment: ‘An outsider planted inside’ the health system is likely to assume one of its top roles The post The politics behind pending health appointment appeared first on Newsroom. ...1 day ago
- Jones suggested fast-track bid at undeclared dinnerA coal miner’s bid to enter the Government’s controversial fast-track regime arose from a dinner with Shane Jones The post Jones suggested fast-track bid at undeclared dinner appeared first on Newsroom. ...1 day ago
- Jim Chalmers’ third budget will have a surplus of $9.3 billion for this financial yearSource: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The third Chalmers’ budget will deliver a surplus of $9.3 billion for this financial year – the second successive surplus of the Albanese government. This will be the first time there have been back-to-back ...1 day ago
- NZ pro-Palestine protester climbs onto Christchurch City Council roofRNZ News A New Zealand pro-Palestinian protester who climbed onto the roof of the Christchurch City Council building has been handcuffed and taken away in a police car. About 20 protesters gathered near the Christchurch Art Gallery today. Officers were called to the scene near Worcester Boulevard about 11.20am, and ...1 day ago
- Leadership In An Insecure World: Urgent Need To Increase NZ’s Official Development Assistance At T...The Council for International Development (CID) presented a compelling case to the Finance and Expenditure Select Committees this week at Parliament, urging the New Zealand Government to significantly boost its Overseas Development Assistance (ODA) ...1 day ago
- Te Pāti Māori slams tabling of controversial Oranga Tamariki Bill during Parliament recessThe bill to repeal Section 7AA of the Oranga Tamariki Act 1989 was introduced to Parliament on Monday. ...1 day ago
- What is the process of an athlete being ‘medically retired’ due to concussion?Source: The Conversation (Au and NZ) – By Annette Greenhow, Assistant Professor, Faculty of Law, Bond University In recent years, a growing number of professional athletes are medically retiring from sport, particularly in some of Australia’s most popular football codes. In April, Collingwood player Nathan Murphy, 24, medically retired ...1 day ago
- It’s so hard to see a doctor right now. What are my options?Source: The Conversation (Au and NZ) – By Anthony Scott, Professor of Health Economics, Monash University David Fuentes Prieto/Shutterstock Deciding whether to wait and see if your health condition improves or go to a GP can be a difficult task. You might be unsure about where to go, whom ...1 day ago
- NZ’s big chill was an early winter warning: power should be subsidised for struggling householdsSource: The Conversation (Au and NZ) – By Jodi Gardner, Professor, Law School, University of Auckland, Waipapa Taumata Rau Wirestock/Getty Images Last week’s headlines warning of electricity shortfalls brought the issue of access to energy into (increasingly chilly) homes around the country. The threat of power cuts due ...2 days ago
The finger puppet that is Key will, with Dipton, claim that this credit rating fail mark is not their fault but a result of being bullied by (1) economic policies outside of their collective ability, (2) fault lines in NZ geography, (3) The RWC impact on the economy, (4) the actions of insurance companies and finally (5) God. Thus, despite the posturing in earlier PR controlled “budgets” about the dire consequences of a credit rating downgrade on a policy less government this downgrade is to be seen as meaningless and an endorsement of the policy to sell off the country’s assets to appease the corporates who have contributed to the national debt but are not responsible.
Nats under blinglish New Zealands worst finance minister of modern times manges less than 1% growth in five years as finance minister .The double dipton managed double dip in credit ratings 1998 and 2011,now we have double dip recession from the double dipstick
Never a word of discussion about the fundamentally flawed system of fractional reserve banking and creation of money out of thin air to pay interest on the previous money created out of thin air, of course. The public debate has to be steered well away from all the fundamentals and focused firmly on the symptoms (or on the irrelevant).
The whole bankers’ Ponzi scheme (which gave the facade of working in the past) is in the process of imploding, since the energy needed for economic activitiy is in decline due to peak oil (something else that is a taboo subject in official circles).
Perpetual growth on a finite planet always was an absurd notion but while there were resources to be converted into waste at a profit, growth was possible. Now that particular game is very close to over.
The role of central government is to attempt to maintian the myths that underpin the economic system for as long as possible whilst ‘shafting’ the common people. As things get generally worse, the lies we are told by politicians and mainstream economists will get bigger and bigger -that’s guaranteed! They will keep offering the false hope of ‘recovery’ for as long as the dumbed-down public believe the lies.
One of the greatest problems for anyone telling the truth at this stage is that a large portion of the general populace wants to believe the lies
The problem of peak oil is not so much that there’s not enough oil, but rather that what’s left is too expensive to fuel the economy the way it did before and will cause price shocks, even if we wanted to pollute the atmosphere with it.
John Keys says he cant talk about it in public because the electoral commission says it is politicing. Now who the hell is running this country.Standard and Poors, the electoral commission or monnbeam the friggin cat.
How convenient!
Ummm I think that Moonbeam the friggin cat was offered the job, but Hissed and spat at shonkey in refusal.
The hollow men are running da country…..obvious ain’t it !
“the hollow men are running the country”, Maybe but they beat the hell out of lunatic gay females who can’t keep their mindless musings to themselves. Mad butcher, I don’t think so, New Zealander’s know full well whose mad and what party the dropkicks belong to.
The lunatic females seem to be in NAct as well and the Mad Butcher does, as evidenced by his support of NAct, appear to be as mad as a hatter.
It’s about time our gutless media started to ask some serious questions of John Key because he’s running this country into the ground and getting away with it – the situation is getting dire and Key is at the helm. The excuses and deliberate attempts to avoid the hard questions has to stop and the media needs to grow a spine and start earning their keep.
In interviews during the campaign, Key and English need to be asked, repeatedly, why a credit downgrade was such a dire prospect and an indication of bad economic management previously but now, presumably, was something ‘unavoidable’ (by ‘good’ economic management – i.e., their own), ‘a consequence of international economic conditions’, etc..
The Film ‘Money as Debt’ by Paul Grignon shows how the fractional-reserve banking system is not sustainable.