New Zealand Superconductors
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8:10 am, September 8th, 2021 - 18 comments
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Just to note a little sadness at the sale of New Zealand’s High Temperature Superconductor business out of Scott Technology (a robotics specialist company based in Dunedin sold to a Brazilian meat company a few years back).
It’s gone to a limited partnership comprised of a number of local investors including New Zealand Investment Fund Booster Tahi LP, VC Fund, Matu and Donald Pooke the CEO of HTS-110.
Booster Managing Director Allan Yeo commented on the purchase from Scott:
We’re pleased to add HTS-11- to our portfolio. We established Tahi to connect New Zealanders with investments in Kiwi companies, and this investment is a unique opportunity for our investors to be part of the future growth story that HTS-110 represents.”
What HTS-110 hasn’t done is score itself decent-sized clients or customers.
We’re going to have to replace most of our pylons and wire in a decade, we’re electrifying more of the North Island rail line, we’ve just finished upgrading the high capacity lines through Cook Straight. And each of the big wind farms coming on stream certainly could do with some help connecting to the national grid.
Clearly HTS is too expensive for the locals.
Not to mention the huge growth in MAGLEV tracks across China and Japan that are already underway.
And all those new reactors and power stations needing first-kilometer efficiency from heat loss.
So it hasn’t scored anything there either.
It is a development to get a little melancholic over because this ought to have been one of those great commercialisation stories coming out of the Crown Owned entity HTS. It certainly had plenty of boosters.
Innovation that starts off with Crown funding sometimes but rarely gets to do something magnificent for New Zealand.
Crown-funded innovation that generates something that the world needs, at the right time, is even harder to find.
(sigh. Navman).
I wish them well, but simply chucking to the venture capitalists and not embedding them in a large company that can use them is a very, very high risk trajectory. I sincerely with their new owners well.
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- Thailand and NZ to agree to Strategic PartnershipPrime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...20 hours ago
- Government consults on extending coastal permits for portsRMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...1 day ago
- Inflation coming down, but more work to doToday’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...1 day ago
- School attendance restored as a priority in health adviceRefreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...1 day ago
- Unnecessary bureaucracy cut in oceans sectorOceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...1 day ago
- Patterson promoting NZ’s wool sector at International CongressAssociate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector. "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...2 days ago
- Removing red tape to help early learners thriveThe Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...2 days ago
- RMA changes to cut coal mining consent red tapeChanges to the Resource Management Act will align consenting for coal mining to other forms of mining to reduce barriers that are holding back economic development, Resources Minister Shane Jones says. “The inconsistent treatment of coal mining compared with other extractive activities is burdensome red tape that fails to acknowledge ...2 days ago
- McClay reaffirms strong NZ-China trade relationshipTrade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...2 days ago
- Prime Minister Luxon acknowledges legacy of Singapore Prime Minister LeePrime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong. Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...3 days ago
- PMs Luxon and Lee deepen Singapore-NZ tiesPrime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong. During today’s meeting, Prime Minister Luxon ...3 days ago
- Antarctica New Zealand Board appointmentsForeign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner. The Minister has appointed Neville Harris as a new member of the Board. Mr ...3 days ago
- Finance Minister travels to Washington DCFinance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom. “I am looking forward to meeting with our Five Finance partners on how we can work ...3 days ago
- Pet bonds a win/win for renters and landlordsThe coalition Government has today announced purrfect and pawsitive changes to the Residential Tenancies Act to give tenants with pets greater choice when looking for a rental property, says Housing Minister Chris Bishop. “Pets are important members of many Kiwi families. It’s estimated that around 64 per cent of New ...3 days ago
- Long Tunnel for SH1 Wellington being consideredState Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the Government has also asked NZ Transport Agency (NZTA) to consider and provide advice on a Long Tunnel option, Transport Minister Simeon Brown ...3 days ago
- New Zealand condemns Iranian strikesPrime Minister Christopher Luxon and Foreign Minister Winston Peters have condemned Iran’s shocking and illegal strikes against Israel. “These attacks are a major challenge to peace and stability in a region already under enormous pressure," Mr Luxon says. "We are deeply concerned that miscalculation on any side could ...4 days ago
- Huge interest in Government’s infrastructure plansHundreds of people in little over a week have turned out in Northland to hear Regional Development Minister Shane Jones speak about plans for boosting the regional economy through infrastructure. About 200 people from the infrastructure and associated sectors attended an event headlined by Mr Jones in Whangarei today. Last ...6 days ago
- Health Minister thanks outgoing Health New Zealand ChairHealth Minister Dr Shane Reti has today thanked outgoing Health New Zealand – Te Whatu Ora Chair Dame Karen Poutasi for her service on the Board. “Dame Karen tendered her resignation as Chair and as a member of the Board today,” says Dr Reti. “I have asked her to ...6 days ago
- Roads of National Significance planning underwayThe NZ Transport Agency (NZTA) has signalled their proposed delivery approach for the Government’s 15 Roads of National Significance (RoNS), with the release of the State Highway Investment Proposal (SHIP) today, Transport Minister Simeon Brown says. “Boosting economic growth and productivity is a key part of the Government’s plan to ...6 days ago
- Navigating an unstable global environmentNew Zealand is renewing its connections with a world facing urgent challenges by pursuing an active, energetic foreign policy, Foreign Minister Winston Peters says. “Our country faces the most unstable global environment in decades,” Mr Peters says at the conclusion of two weeks of engagements in Egypt, Europe and the United States. “We cannot afford to sit back in splendid ...6 days ago
- NZ welcomes Australian Governor-GeneralPrime Minister Christopher Luxon has announced the Australian Governor-General, His Excellency General The Honourable David Hurley and his wife Her Excellency Mrs Linda Hurley, will make a State visit to New Zealand from Tuesday 16 April to Thursday 18 April. The visit reciprocates the State visit of former Governor-General Dame Patsy Reddy ...6 days ago
- Pseudoephedrine back on shelves for WinterAssociate Health Minister David Seymour has announced that Medsafe has approved 11 cold and flu medicines containing pseudoephedrine. Pharmaceutical suppliers have indicated they may be able to supply the first products in June. “This is much earlier than the original expectation of medicines being available by 2025. The Government recognised ...6 days ago
- NZ and the US: an ever closer partnershipNew Zealand and the United States have recommitted to their strategic partnership in Washington DC today, pledging to work ever more closely together in support of shared values and interests, Foreign Minister Winston Peters says. “The strategic environment that New Zealand and the United States face is considerably more ...6 days ago
- Joint US and NZ declarationApril 11, 2024 Joint Declaration by United States Secretary of State the Honorable Antony J. Blinken and New Zealand Minister of Foreign Affairs the Right Honourable Winston Peters We met today in Washington, D.C. to recommit to the historic partnership between our two countries and the principles that underpin it—rule ...6 days ago
- NZ and US to undertake further practical Pacific cooperationForeign Minister Winston Peters has announced further New Zealand cooperation with the United States in the Pacific Islands region through $16.4 million in funding for initiatives in digital connectivity and oceans and fisheries research. “New Zealand can achieve more in the Pacific if we work together more urgently and ...6 days ago
- Government redress for Te Korowai o WainuiāruaThe Government is continuing the bipartisan effort to restore its relationship with iwi as the Te Korowai o Wainuiārua Claims Settlement Bill passed its first reading in Parliament today, says Treaty Negotiations Minister Paul Goldsmith. “Historical grievances of Te Korowai o Wainuiārua relate to 19th century warfare, land purchased or taken ...7 days ago
- Focus on outstanding minerals permit applicationsNew Zealand Petroleum and Minerals is working to resolve almost 150 outstanding minerals permit applications by the end of the financial year, enabling valuable mining activity and signalling to the sector that New Zealand is open for business, Resources Minister Shane Jones says. “While there are no set timeframes for ...7 days ago
- Applications open for NZ-Ireland Research CallThe New Zealand and Irish governments have today announced that applications for the 2024 New Zealand-Ireland Joint Research Call on Agriculture and Climate Change are now open. This is the third research call in the three-year Joint Research Initiative pilot launched in 2022 by the Ministry for Primary Industries and Ireland’s ...1 week ago
- Tenancy rules changes to improve rental marketThe coalition Government has today announced changes to the Residential Tenancies Act to encourage landlords back to the rental property market, says Housing Minister Chris Bishop. “The previous Government waged a war on landlords. Many landlords told us this caused them to exit the rental market altogether. It caused worse ...1 week ago
- Boosting NZ’s trade and agricultural relationship with ChinaTrade and Agriculture Minister Todd McClay will visit China next week, to strengthen relationships, support Kiwi exporters and promote New Zealand businesses on the world stage. “China is one of New Zealand’s most significant trade and economic relationships and remains an important destination for New Zealand’s products, accounting for nearly 22 per cent of our good and ...1 week ago
- Freshwater farm plan systems to be improvedThe coalition Government intends to improve freshwater farm plans so that they are more cost-effective and practical for farmers, Associate Environment Minister Andrew Hoggard and Agriculture Minister Todd McClay have announced. “A fit-for-purpose freshwater farm plan system will enable farmers and growers to find the right solutions for their farm ...1 week ago
- New Fast Track Projects advisory group namedThe coalition Government has today announced the expert advisory group who will provide independent recommendations to Ministers on projects to be included in the Fast Track Approvals Bill, say RMA Reform Minister Chris Bishop and Regional Development Minister Shane Jones. “Our Fast Track Approval process will make it easier and ...1 week ago
- Pacific and Gaza focus of UN talksForeign Minister Winston Peters says his official talks with the United Nations Secretary-General Antonio Guterres in New York today focused on a shared commitment to partnering with the Pacific Islands region and a common concern about the humanitarian catastrophe in Gaza. “Small states in the Pacific rely on collective ...1 week ago
- Government honours Taranaki Maunga dealThe Government is honouring commitments made to Taranaki iwi with the Te Pire Whakatupua mō Te Kāhui Tupua/Taranaki Maunga Collective Redress Bill passing its first reading Parliament today, Treaty Negotiations Minister Paul Goldsmith says. “This Bill addresses the commitment the Crown made to the eight iwi of Taranaki to negotiate ...1 week ago
- Enhanced partnership to reduce agricultural emissionsThe Government and four further companies are together committing an additional $18 million towards AgriZeroNZ to boost New Zealand’s efforts to reduce agricultural emissions. Agriculture Minister Todd McClay says the strength of the New Zealand economy relies on us getting effective and affordable emission reduction solutions for New Zealand. “The ...1 week ago
- 110km/h limit proposed for Kāpiti ExpresswayTransport Minister Simeon Brown has welcomed news the NZ Transport Agency (NZTA) will begin consultation this month on raising speed limits for the Kāpiti Expressway to 110km/h. “Boosting economic growth and productivity is a key part of the Government’s plan to rebuild the economy and this proposal supports that outcome ...1 week ago
- LGNZ Welcomes Govt Earthquake-prone Buildings Decision
LGNZ has advocated for this decision as part of a remit led by Manawatū District Council. ...6 mins ago - AUKUS Pillar 2 a 'fragrant, methane-wrapped bull***' – Bob Carr
The former Australian Foreign Minister has continued to warn New Zealand against joining the defence pact. ...32 mins ago - Enforceable undertaking issued to abc accounting services limited after continued non-compliance.The Department of Internal Affairs (DIA) has accepted an enforceable undertaking agreement from ABC Accounting Services Limited (ABC) under section 81 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act). ...50 mins ago
- REVEALED: RNZ’s Hypocrisy Over Fair Digital News Bargaining BillThe Taxpayers’ Union can reveal that Radio New Zealand (RNZ) spent $71,842.53 on Facebook advertising over the past 12 months, despite earlier this year coming out in support of the Fair Digital News Bargaining Bill , which would force the likes ...1 hour ago
- Police rejected 'very good offer' – Mark MitchellPolice Minister Mark Mitchell says the pay offer rejected by police was the best the government could put forward under difficult financial circumstances. ...1 hour ago
- How can we have truth-telling without the Voice? Our research shows a way forward
Source: The Conversation (Au and NZ) – By Heidi Norman, Professor, Faculty of Arts, Design and Architecture, Convenor: Indigenous Land & Justice Research Group, UNSW Sydney Shutterstock The Uluru Statement from the Heart set out the aspirations of Aboriginal and Torres Strait Islander peoples for “Voice, Treaty, Truth”, in ...1 hour ago - NZ education scores must improve – but another polarising ideological pivot isn’t the answerSource: The Conversation (Au and NZ) – By Bronwyn E Wood, Associate Professor in Education, Te Herenga Waka — Victoria University of Wellington Getty Images You don’t need to look hard right now to see concerns about Aotearoa New Zealand’s education system. Declining performance in international testing has been ...1 hour ago
- An updated tally of the public sector job cuts
The coalition government has made it well known it expects departments to cut roles. We break down the numbers as they currently stand. Updated: 12pm, April 18 Before last year’s election, both National and Act made it clear that the public service was squarely in their crosshairs. Both parties, now ...1 hour ago - Confessions of an unlikely petrolheadCheckered Flag director Natalie Wilson on her lifelong love of motorsport, and the allure of Pukekohe Park Raceway. One childhood summer when my world revolved around winning stuff off the radio, I bagged tickets to Western Springs Speedway and then to Waikaraka Park in what was a dream season for ...1 hour ago
- 'Ambitious' trade pledge headlines Luxon's Thailand stopThe Prime has announced a commitment to triple two-way trade with Thailand by 2045, but it only requires maintaining current growth. ...2 hours ago
- ‘The right person’: What did Solomon Islanders vote for?By Koroi Hawkins, RNZ Pacific editor in Honiara After a relatively well organised and peaceful day of voting in Solomon Islands yesterday, the electoral commission is working with donor partners to safely transport ballot boxes from polling stations all over the country to centrally located counting venues. It is a ...2 hours ago
- What it’s like to be made redundant by the Ministry of EducationI was one of hundreds of people who lost my government job this week. Here’s exactly how it played out. It is a Friday. I’m in the middle of an online Teams hui working out the finer details of a series of workshops we’ll be presenting next week. It’s a ...3 hours ago
- What are ‘Ozempic babies’? Can the drug really increase your chance of pregnancy?Source: The Conversation (Au and NZ) – By Karin Hammarberg, Senior Research Fellow, Global and Women’s Health, School of Public Health & Preventive Medicine, Monash University Joshua Rodriguez/Unsplash Hundreds of thousands of people worldwide are taking drugs like Ozempic to lose weight. But what do we actually know about ...4 hours ago
- Why the kookaburra’s iconic laugh is at risk of being silencedSource: The Conversation (Au and NZ) – By Diana Kuchinke, Lecturer in Ecology, Federation University Australia Linda Robertus/Shutterstock Once, while teaching a class of environmental science students in China’s Hebei University of Science and Technology, I asked who knew what a laughing kookaburra was. There were many blank faces. ...4 hours ago
- Source: The Conversation (Au and NZ) – By Claire Breen, Professor of Law, University of Waikato smolaw11/Getty Images School truancy has been a concern across the political spectrum for years. But proposed solutions have largely failed to address the core reasons for unexplained school absences. Despite the apparent ...4 hours ago
- ‘Listening is the most important part’: 10 things students with disability and their families wa...Source: The Conversation (Au and NZ) – By Melissa Cain, Senior Lecturer in Inclusive Education and Arts Education, Australian Catholic University Agence Olloweb/Unsplash, CC BY About 90% of Australian students with disability attend mainstream schools. Equitable access and participation in education is a fundamental human right. But as last ...4 hours ago
- Will global oil supply be at risk if Iran and Israel pull the Middle East into war?Source: The Conversation (Au and NZ) – By Flavio Macau, Associate Dean – School of Business and Law, Edith Cowan University Tensions in the Middle East have escalated following Iran’s weekend missile and drone attacks on Israel, heightening concerns of a wider conflict. As with the Russian invasion of Ukraine, ...4 hours ago
- No, getting your boyfriend to peel an orange won’t prove his loyalty. Why TikTok relationship ‘t...Source: The Conversation (Au and NZ) – By Edith Jennifer Hill, Associate Lecturer, Learning & Teaching Innovation, Flinders University Shutterstock Have you ever wondered if your partner really loves you? Well apparently so have thousands of TikTok users, who are testing their theories for the world to see. In ...4 hours ago
- New Zealand’s Annual Emissions Fell In 2022, For Third Successive YearThis is the third successive decrease year-on-year. New Zealand’s gross emissions for 2022 were 78.4 Mt CO2-e. ...4 hours ago
- Oranga Tamariki job cuts: 'We can't establish what their endgame is'Oranga Tamariki has failed to explain how hundreds of job cuts will achieve a better outcome for children, a children's advocate says. ...4 hours ago
- Help Me Hera: My parents won’t help out with my kidsThey pressured me to have children, and I had two. Now they won’t lift a finger. Want Hera’s help? Email your problem to helpme@thespinoff.co.nz Hi Hera, I suspect it’s a familiar pattern. Back in the day, as a single gal, I was plagued with questions from my parents about when I would find ...4 hours ago
- Care Workers Call For Fairness On Pay Equity Anniversary“The Government has an opportunity here to really correct the course for the care and support workforce, and the people they look after. This cannot be just another area left in the cold, we need real leadership to ensure the proper quality of care ...5 hours ago
- First evidence of ancient human occupation found in giant lava tube cave in Saudi ArabiaSource: The Conversation (Au and NZ) – By Mathew Stewart, Research Fellow, Australian Research Centre for Human Evolution, Griffith University The western passage of the Umm Jirsan lava tube. Green Arabia Project If you look from above, you can see thousands of stone structures dotting the landscape of the Arabian ...5 hours ago
- Teachers worry about curriculum, NCEA changes amid staff cutsMore than 500 jobs are likely to be cut at the Education Ministry with concerns about how the curriculum and NCEA changes will now be managed. ...5 hours ago
- Government IT systems need a $800m overhaulThe government is facing a bill of more than $800 million to overhaul back-office IT systems, and attempts to lessen its impact have hit delays. ...5 hours ago
- Over 3,000 public service jobs now proposed to goThe Ministry of Education confirmed a proposal to reduce headcount by 565, while Oranga Tamariki’s proposal would result in a loss of 447 jobs, writes Anna Rawhiti-Connell in this excerpt from The Bulletin, The Spinoff’s morning news round-up. To receive The Bulletin in full each weekday, sign up here. Ministry of ...5 hours ago
- Kāinga Ora delays building projects ahead of reviewKāinga Ora is unable to say how many new KiwiBuild developments have been delayed as it waits for the outcome of the government's independent review of the state housing agency. ...6 hours ago
- Owners of earthquake prone buildings given four extra years to complete strengtheningA review into the regulations was also being brought forward. ...7 hours ago
- Corrections Accepts Recommendations Following Auckland Prison InspectionThe Inspectorate made three overarching recommendations following the inspection, all of which have been accepted in full by Corrections. ...7 hours ago
- Auckland’s dumped Commonwealth Games bid has lessons for Christchurch
The crippling cost and complexity of Christchurch’s Commonwealth Games ambitions have become clearer The post Auckland’s dumped Commonwealth Games bid has lessons for Christchurch appeared first on Newsroom. ...8 hours ago - Oranga Tamariki services for at-risk children will get better after job cuts, minister says"We need to make sure that every dollar we're spending is actually for the benefit of our young people," says Children's Minister Karen Chhour. ...8 hours ago
- How the coalition plans to replace the quickly scrapped Māori Health AuthorityThe coalition government got rid of the Māori Health Authority in a hurry. What is it doing now instead? ...8 hours ago
- How to tell if your child is well enough to go to school or is in fact sickDavid Seymour announced new guidelines this week for sending your kids to school with symptoms. Emily Writes sums them up. Parents knee deep in snotty tissues and buckets of vomit were granted a much-welcome reprieve by associate education minister David Seymour on Wednesday with the announcement that he will advise ...8 hours ago
- We’re asking the wrong questions about treaty settlementsWhen the Crown is the self-appointed ultimate authority over a process to deal with Crown misconduct, we run into big issues, writes Tina Ngata. “What’s it going to take for Ngā Puhi to settle” was the headliner statement on Q&A last weekend, as Ngā Puhi chair Mana Tahere was interviewed ...8 hours ago
- Book of the Week: Mothering in late-stage capitalismI think a capitalist patriarchy that relies on monogamous heterosexuality and gender essentialism is the worst system to ensure the survival of our species. Just watch an episode of MAFS Australia. I don’t think there’s anything natural or normal about this system, instead I think it’s a construct kept in ...8 hours ago
- Luxon spreads his wings in ThailandLuxon touched down in Thailand late on Tuesday night, before launching into a packed day of business breakfasts and bilateral meetings in the kingdom’s capital. The visit to Thailand comes after Luxon’s Singapore swing – somewhat of a love-in for the Kiwi Prime Minister, where he shmoozed high-net worth individuals, ...8 hours ago
- New Zealand’s crisis of confidenceThree in five New Zealanders say our country is in decline and our society is broken, exclusive new polling reveals The post New Zealand’s crisis of confidence appeared first on Newsroom. ...8 hours ago
- Daily crossword, Thursday 18 AprilThe post Daily crossword, Thursday 18 April appeared first on Newsroom. ...8 hours ago
- New Zealand broken and in decline, Kiwis sayA global wave of disillusionment and disenfranchisement has not spared New Zealand, with a majority of respondents to a survey here agreeing that New Zealand society is broken and the country is in decline. Ipsos New Zealand asked 1001 Kiwis about their hopes for the future and their views of ...8 hours ago
- Labour all at sea against Govt’s legislative blitzkriegOpinion: The embittered negativity of Labour’s prominent spokespeople is preventing political exploitation of rapid Government change The post Labour all at sea against Govt’s legislative blitzkrieg appeared first on Newsroom. ...8 hours ago
- Staff shortages key to Auckland Prison’s failure to uphold inmates’ rightsOpinion: At a time when government departments are shedding workers to fund budgetary cuts, the news that staff shortages have caused prisoners to be in solitary confinement for periods longer than eight months is frightening. This revelation is one of several in the Prison Inspectorate’s most recent report, published ...8 hours ago
- Newsroom daily quiz, Thursday 18 AprilLoading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('A[quiz],DIV[quiz],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, Thursday 18 April appeared first on Newsroom. ...8 hours ago
- Police briefings show finances at ‘tipping point’There is a forecast deficit of $120m only brought down to $56m through cost-cutting measures The post Police briefings show finances at ‘tipping point’ appeared first on Newsroom. ...8 hours ago
- Pharmac and the keys to the drug cupboardClose to 3,500,000 prescriptions for paracetamol are written in New Zealand every year. It’s just one of the treatments funded by Pharmac, the drug agency that barters with pharmaceutical companies to get medicines for us at the lowest cost possible. Currently its yearly budget is about $1.5 billion, but apparently ...8 hours ago
- A montage of West Papuan everyday life from hip-hop to protest songsI came to this evening of short films not sure what to expect. I have a history with West Papua (here referring to the Indonesian part of the island of New Guinea, which comprises five provinces, one named “West Papua”) from my days fronting the legendary West Papuan band Black ...13 hours ago
- Ministry of Education plans to cut 565 rolesIt makes the proposal the biggest single slash to a public service agency so far. ...17 hours ago
- Oranga Tamariki proposes to cut more than 400 jobsAbout 1900 roles would be affected overall - either changed or disestablished - in the "scope of restructuring work". ...17 hours ago
- Politics with Michelle Grattan: Independent MP Dai Le on the church attack in her electorateSource: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra After the stabbing of Bishop Mar Mari Emmanuel in an Assyrian Orthodox Church in Wakeley on Monday, and the killings in Bondi Junction shopping centre just two days earlier, many people in Sydney and in ...17 hours ago
- Government issues guidelines for when sick children should be kept home from schoolCovid-19? Symptoms including fever, vomiting, diarrhoea or head lice? Your children should be at home, new government guidelines say. ...18 hours ago
- Australia’s long-sought stronger environmental laws just got indefinitely deferred. It’s back to...Source: The Conversation (Au and NZ) – By Euan Ritchie, Professor in Wildlife Ecology and Conservation, School of Life & Environmental Sciences, Deakin University We’ve long known Australia’s main environmental protection laws aren’t doing their job, and we know Australians want better laws. Labor was elected promising to fix them. ...19 hours ago
- AI is making smart devices – watches, speakers, doorbells – easier to hack. Here’s how to stay...Source: The Conversation (Au and NZ) – By Chao Chen, Deputy Director, Enterprise AI and Data Analytics Hub, RMIT Univeristy, RMIT University Ivan Bandura/Unsplash From asking our smart speakers for the weather to receiving personalised advice from smartwatches, devices powered by artificial intelligence (AI) are increasingly streamlining our routines ...20 hours ago
- Police Association members reject latest government pay offerPolice Association says members are looking for a sincere effort by the government to address the cost of living crisis and recognise the increasing dangers officers faced. ...20 hours ago
- Global coral bleaching caused by global warming demands a global responseSource: The Conversation (Au and NZ) – By Britta Schaffelke, Manager International Partnerships and Co-ordinator of the Global Coral Reef Monitoring Network (GCRMN), Australian Institute of Marine Science Bleached coral at the Keppel Islands in the southern Great Barrier Reef in early March 2024. © AIMS | Eoghan Aston ...20 hours ago
- The beginnings of modern science shaped how philosophers saw alien life – and how we understand it...Source: The Conversation (Au and NZ) – By Philip C. Almond, Emeritus Professor in the History of Religious Thought, The University of Queensland Wikipedia Speculation about extraterrestrials is not all that new. There was a vibrant debate in 17th-century Europe about the existence of life on other planets. ...20 hours ago
- Families including someone with mental illness can experience deep despair. They need supportSource: The Conversation (Au and NZ) – By Amanda Cole, Lead, Mental Health, Edith Cowan University In the aftermath of the tragic Bondi knife attack, Joel Cauchi’s parents have spoken about their son’s long history of mental illness, having been diagnosed with schizophrenia at age 17. They said they were ...21 hours ago
- How Fast-track Consenting Might Impact The Environment – Expert ReactionSubmissions on the Fast-track Approvals Bill close at the end of Friday. The law would allow major infrastructure projects to bypass lengthy resource consenting processes – being assessed instead by an expert panel , with Ministers ultimately having ...21 hours ago
- Changes To ECE RegulationsIn QPEC's view, the Coalition changes to ECE announced mid-April are exactly the opposite of what is needed The Issue David Seymour is loosening regulations and qualifications for Early Childhood Centres, removing government signoff for new ...21 hours ago
- NZDSN Opinion: Organisations Must Do Better For Disabled New ZealandersWe at New Zealand Disability Support Network applaud the Commerce Commission for filing proceedings against One NZ for their latest failure on 111 Contact Code. It doesn’t take much to think of harmful or fatal scenarios for people with disabilities ...22 hours ago
- Caviar Before Children"Caviar before children is what has happened today!” says Pat Newman spokesperson for Te Tai Tokerau Principals Association "The cuts to day to both the Ministry of Education and Oranga Tamariki, point to a government hell bent on delivering tax ...22 hours ago
- Gone By Lunchtime: Aukus ruckus reveals division on foreign policy directionIs New Zealand’s trumpeted independent foreign policy in peril? Helen Clark has raised the alarm over New Zealand inching towards a pillar two status with Aukus, warning of a “profoundly undemocratic” direction of travel away from the independent foreign policy forged over four decades. Peters, foreign minister today and for ...22 hours ago
- Inspectorate Report Shows Prisoners Denied Entitlement To Daily Time Out Of CellsA report from the Office of the Inspectorate shows that prisoners in three units at Auckland Prison were not able to leave their cells every day for many months. For up to nine months (until mid-July 2023), prisoners in three units were denied ...22 hours ago
- 'I thought we were friends': Dave Letele reveals falling out with PM Christopher LuxonCommunity leader Dave Letele considered Christopher Luxon a friend - until the PM reacted badly to an open letter he signed decrying racism. ...22 hours ago
- Watch: Luxon defends hosting Myanmar officials at ASEAN conferencePrime Minister Christopher Luxon says the government condemns outright the Myanmar coup, and NZ is simply following the policy set by ASEAN. ...23 hours ago
- You could help minimise harm in a public attack. Here’s what it means to be a ‘zero responder’Source: The Conversation (Au and NZ) – By Milad Haghani, Senior Lecturer of Urban Mobility, Public Safety & Disaster Risk, UNSW Sydney The tragic Westfield attack in Sydney highlights the vulnerability of crowded public spaces. Six people were killed and many were injured by a knife-wielding attacker in a short ...23 hours ago
- Could not getting enough sleep increase your risk of type 2 diabetes?Source: The Conversation (Au and NZ) – By Giuliana Murfet, Casual Academic, Faculty of Health, University of Technology Sydney Andrey_Popov/Shutterstock Not getting enough sleep is a common affliction in the modern age. If you don’t always get as many hours of shut-eye as you’d like, perhaps you were concerned ...23 hours ago
- Ministry of Education to cut 565 roles, more than 400 to go at Oranga TamarikiThe announcement comes hours after Oranga Tamariki announced it was axing 400 roles. ...23 hours ago
- Ministers announce plan to extend port permits by 20 yearsPorts are having their permits for pre-RMA activities extended so they won't need to obtain new ones before September 2026. ...23 hours ago
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Why would anyone be sad with a commercial transaction involving private businesses? If people want something to happen that isn't they should get together with like minded individuals and buy the business themselves.
Several tens of public funding millions went into the innovations, and they were hothoused for years within state research institutions to enable them to be commercialised.
So the answer to your question depends if you want state assistance to get New Zealand out of a low-wage, low-productivity, low-savings, low-innovation society.
Gossies an actiod isnt he?, so the government spending tax payers money so rich people can scoop up the spoils and run to the hills is his belief system!!
Very few companies start or survive without govt support or tax breaks.
NZ relying on farming which gets $100's of millions in research and development where we should have been diversifying for the last 60 years .
The boat building business has got some size,the film industry,videogames,,software all helped by govt investment.
As we have seen since the GFC property has got a lot of the private funding as private funders don't like risk. They would rather ride the speculative wave.
This highlights why that sort of funding is a waste of taxpayers money.
You'd think some kind of repayment scheme could be built in, and passed on to any new owner.
The nascent NZ R&D sector relies heavily on Government grants and less so on tax incentives and Government loan schemes that may have to be paid back upon sale.
Yes the money for the sale ends up in NZ.
Gosman.Name a country or trading block where govts don't give financial support to develop new businesses.let alone existing businesses.
That does not mean that is a good use of taxpayers money.
Especially when the innovation works and yet is discounted every time it changes hands. And somehow it's only foreign sharemarkets that tend to benefit. Witness RocketLab's NASDAQ listing recently. Hence the melancholic note.
Even when domiciled here, there's a massive history of the state propping up failure on a large scale, such as the bailout of NZSteel back in 1986, or more recently South Canterbury Finance a decade ago.
NZVIF (a branch of MBIE) is about the right place for state involvement at the bleeding edge of high technology commercial risks.
Ad Bungling Blinglish forgot to sign the insurance policy sitting on his desk for 6 week's. Costing tax payers $1.2 billion.Rocket Lab has local investors but the US defence dept was a 40% initial investor looking for cheaper launches for its military satellites. NZ steel every country subsidize's its steel industry eventually countries like South Korea out subsidized every country till China outdid them now India is out doing China.there is a point where a small country like NZ has to cut its losses and focus on things we do well.
We do a lot more things well than you are implying.
Until Xena Warrior Princess we didn't have a film industry in Auckland or NZ.
Until our first America's Cup win we didn't really have a high end marine research industry.
Until Jade got cracking we didn't have a decent sized software industry.
Until Montana cracked the big time our entire wine industry was a joke.
Until we started being ambitious for conservation here, we didn't have the techniques or technology to rebuild the biosphere of entire islands.
It is certainly the job of our universities and polytechs and of governments to help us be ambitious.
SCF was just National party troughing – they fed on it like a privatized state asset, doing Hubbard to death like Stalin did the Kulaks – extrajudicially, and for private advantage.
Doing nothing would mean our economy would be left behind ,farming would be unprofitable ,we wouldn't have a burgeoning film industry,our boat building industries would still only be worth millions instead of billions.Electricity would be in short supply,our roading networks wouldn't exist.Our education system would mean an unskilled workforce.
Utopic ideology doesn't exist neither pure communism or the pure free market do not exist those who believe are on the fringes of society.people who think only in logic have very low emotional IQ's and are easily lead into cults.
The best run economies in the world with the least inequality benefiting the majority of it's people have a balanced economy.
The only reason ACT's popularity has gone up is because they have moderated their fundamentalist economic utopic ideology and Nationals unpopularity.
All of that and more.
It is not "taxpayers money", but citizens' money.
Gosman while every other economy we trade with pumps billions into their R and D you want to put NZ into an economic straight jacket your policies reflect on you.
Economic lunacy.