News round-up

Written By: - Date published: 8:46 am, February 10th, 2011 - 5 comments
Categories: Economy, foreshore and seabed, jobs, privatisation, supercity - Tags:

5 comments on “News round-up”

  1. Deadly_NZ 1

    But thats ALL we have Waffley policy.. Waffley Government. oh and the Blatant Bull out of Blinglishes mouth “That we are all saving too hard and not spending. Oh really I for one have trouble just getting the BASICS paid, thanks to the Nats Generous tax cuts

  2. Draco T Bastard 2

    Peoples response to you inadequate measure to the earthquake in Chch getting you down? Hire a PR firm to tell people just how much better off the really are – even if they aren’t.

  3. All this talk about the boost in Canterbury’s GDP due to the reconstruction work – is a load of bollocks. You’d think a finance minister, especially from a government that claims “to know economics” would know something they teach in the first three weeks of undergraduate macroeconomics.

    The Broken Window Fallacy – of course the income is generated by the construction and repair firms and may give a boost to GDP, but there is all of the costs borne by insurance companies (who may now increase premiums), the state (through EQC), and businesses either not covered for damage or business interruption – and wages lost to those employees whose companies closed.

    What else would people’s money have been spent on? It’s never as visible – since it didn’t pan out.
    How much interest/revenue streams were lost on investments sold down to pay out EQC victims? I’m not arguing that this shouldn’t have happened by the way – just that you shouldn’t argue that there will “spin-off” effects from the earthquake – in the very least it is bad taste.

  4. $4 billion asset shortfall + $3.4 million on an unelected brown table + tax losses and benefit payouts to 110 more unemployed people… and that’s just this week?

    It’s a pity there wasn’t, like, you know, some other party that could do something stark like quantify what that means for the pocket of the average voter instead of waffling about English’s waffling in a “wah wah” press release no journo with a pulse would bother to report.

  5. “Key does some stunt to distract from his government’s performance and agenda (pending)”

    yup.

    “PM at the Halberg awards tonight:
    Susan Devoy to John Key – “Don’t worry you’re amongst friends here”
    John Key – “That’s what Tony Veitch said””

    why does he turn up at every event going anyway? halberg’s are nothing to do with him

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