Well put, was listening to the whining on RNZ this morning, nothing funny at all about family and animal lives being disrupted…but, I have not heard the air raid siren wind up like that since Auckland Chamber of Commerce rep Michael Barnett and Queenstown business reps performances during COVID lockdowns.
A debate over transport included an emotional speech from Dunedin’s non-driving mayor Aaron Hawkins as he spoke about the impact of the Canterbury floods on people's lives…..
….In a nod to his own non-driving, Hawkins admitted it was inconvenient not to drive.
But that was less inconvenient than being separated from family, friends, business and social connections by the sort of weather events witnessed in Canterbury over recent days.
“Oh God, sorry,” the mayor said, visibly emotional,
He wanted to acknowledge those flood-affected communities, “because that is what we are talking about when we talk about seeing more frequent and more intense extreme weather events as a result of having a less stable climate”.
…..The projects in the 10-year-plan include park and ride facilities at Mosgiel and Burnside ($10.3 million), a parking management and guidance system ($9.5m), a harbour arterial route ($16.6m), a bus lane for Princes St ($6.6m), and bike hubs ($2.5m)
Worsening climate is baked in now whatever Hawkins does at a local level about emissions reduction. No reason not to do it of course – but a lot of money will have to go into mitigation and retreat. Otherwise we will have a social disaster as people can no longer afford insurance and are wiped out financially, physically and emotionally by floods, droughts, etc.
Hawkins popularity has gone right down because people don't like the reality of changing habits to mitigate climate change such as giving up heavy reliance on cars .
Most people are complaining about congestion and lack of car parks many who supported Hawkins just to keep the ultra right Vandervis out have now changed their allegiance.
Vandervis continues to play the victim in his obsessive drive to become mayor by being anti everything pulling every publicity stunt he can.
No it's because I know his politics his connections.Lee wants to sell off all council owned companies.
His over the top complaints cost rate payers millions in Deltas unauthorized developments in Queenstown and Christchurch forcing the council to sell of those developments at fire sale prices.
Don't know about "ultra right", but here's Dunedin city councillor and mayoral candidate Lee Vandervis on climate change (in 2013).
Dunedin Mayoral Hopefuls Do The (Climate) Denial Twist
Lee Vandervis couldn’t wait to show me his graph that explained the cyclic nature of global temperature patterns stretched out over 5 million years. “What we really should be worried about”, he said gravely, “is global freezing.”
People (and the climate) can change. Maybe Cr Vandervis is just misunderstood?
I know many hundreds of dunedinites from dunners and the mood has definitely changed.I have been involved in dunedin politics probably longer than you have been a live.
I’ll have to take your word for it and even though yours is a ‘ironclad argument’, it is in dire want and need of factual evidence to replace your anecdotal hearsay.
If you follow the news down here,that is what many folk are thinking.Hawkins is not up too it,may well move into central politics(Green party)with even less affect. As for Lee I think that boat has sailed,to disruptive.Their will be a new mayor and Deputy after next elections.
Give us a link with something more substantial, please. A poll, a survey, something a little more tangible. I have no idea what I should imagine with “many folk”; tens, hundreds, thousands, some, a few?
Google is your friend,their is plenty over the last couple of years,by the way when did a many become a few, do I have to school you about local body politics. But my point is my view and as I have little data per month* I wont be bothering to link,an further to that I'm not good at it,so mute point,sorry.
*.. only cell phone tethering.Oh I'm trying to learn,computers do my head in,so as stated above"sorry"
No , Google is not my friend; I can find whatever I like, based on all the info Google has on me. You didn’t give any helpful hints either to start a search.
I like to draw attention to the fact that stories, messages, memes and what have are started and spread on the internet by people with an agenda and/or personal bias. For this reason, I cannot take personal anecdote from an anonymous commenter seriously and nor should I or anybody else here, for that matter.
If someone wants to spout a personal opinion on Hawkins, they are free to do so, within the rules of this site. However, they cannot speak for or on behalf of others or make unsubstantiated claims about a ‘change of personal opinion’ as if these are facts!
Not sure Hawkins popularity has changed much. The water thing was a bit of a hit, but the griping about carparks from VdV and a couple of other councillors isn't making a dent.
I suspect Hawkins will do another term as mayor (to prove it wasn't luck) then go to central government.
"Good to hear a personal view……..I'm not going to get into an argument with (comment/mod),only too say read what was said and have a look at links already provided by others.
……..from somebody who actually lives in Dunners. Is that right
edit
Exactly right AB. Oh hell, can some authorities really grasp the enormity of problems, and make plans to help the unfortunates to make reasoned withdrawal plans? Some of these people's houses on low lying areas need to be used as rentals now, while the owners seek permanent places on higher ground, and prepare for a loss on their lower house when it must be abandoned.
The local councils could build expertise in helping larger houses be converted to two or three sub-units, build granny flats at rear, subdivide or cross lease larger sections.
But most of all check with Master Builders or other reliable source on your choice of builder. They are dropping out leaving people in deep trauma. I suggest have a small basic plan that allows for built-on rooms side or over, with Council approval so that foundations are secure. Think about privacy from close neighbours too, Council might not care.
It is notable that the Southland floods were preceded by months of drought, a phenomonen, which in the link you provided, is called the 'Noah Effect', but which I suspect will soon become to be called the 'New Normal'.
By ‘Noah Effect’ we designate the observation that extreme precipitation can be very extreme indeed, and by ‘Joseph Effect’ the finding that a long period of unusual (high or low) precipitation can be extremely long.
The government has been warned that closing down the country's only oil refinery could expose New Zealand to fuel security risks.
The Energy Minister said these risks are not significant, but a consultant's report to the government says the opposite.
The risks centre on reconfigured supply chain, meaning the country would hold significantly less fuel because it held no crude awaiting processing.
Let's NOT go for a system based on 'best practice', best efficiency, and without unexpected outcomes not allowed for, and a childish belief that everything will turn out all right if we just rely on our allies, friends and regular friendly business partners. Here is another opportunity to abandon the country's best interests gummint – leave us wide open as you so often do, no probs, we'll manage, the Little Smart Country with a big mouth!?
For us more risk averse older types, jettisoning the capability for local refining is a big step. The refinery will be decommissioned with various cleanups needed and no quick route back to refining crude. I am close to Marsden Pt by geography and personal contacts. Operators knew something was up last year when fresh catalyst vital to the process, and worth millions was not re-ordered. https://en.wikipedia.org/wiki/Catalytic_reforming
One of Muldoon’s Think Big projects is basically going to be a storage unit with a pipe to Auckland. Marsden B was never fully commissioned, and the last recent Refining NZ CEO buggered off because the Board would not entertain revising B into solar and other green energy.
The retail petrol companies have certainly done well out of Refining NZ–gifted to them by one Roger Douglas and friends.
How we deal with roading will also be interesting… where will our bitumen come from?
Personally I believe it's a mistake as is stopping natural gas production.
What we should do is look to ban imports and have very tight nationalized production here with world leading environmental standards at the ability to use price control to reduce usage.
Stopping local production is effectively just 'off shoring' our emissions looks good on paper here globally speaking at absolute best neutral at worst we start importing say coal on a bunker oil burning ship…
Marsden Point's closure fits very well with the Government's climate change policies.
We will be entirely at the mercy of international markets and prices for all kinds of petroleum products from kerosene, aviation fuel, the different petrols, diesel, bunker oil, and all the way to plastics and tar. And TBF that's a good thing: those regular crises will be largely unhedged apart from some overseas reserve contracts – contracts which mean little in a genuine crisis a we've seen from the Covid vaccine distributions.
So every time there's an oil supply crisis or price spike, those combustion engine alternative debates get fresh alerts in neon lights.
We're in a completely different context to Think Big, which was all about increased energy self sufficiency following the oil spikes of the late 1970s.
Most Tier 1 construction companies are replacing their light truck fleets to prepare for the Climate Commission targets. Won't happen all this year, but they know that if they don't demonstrate they are going Net Zero, they just aren't going to win the next job.
Those are the people that use the trucks to transport those great wind farm components. I'm building one at the moment.
So no, your causal chain doesn't have any bearing on the reality on the ground.
Chief Health Officer Brett Sutton said on Tuesday night that the virus was moving "faster than any other strain we've dealt with".
"We're seeing transmissions in settings and circumstances we've never seen before," he said.
His comments came as a new positive case was identified in a Victorian who had travelled to New South Wales and back again, prompting a whole raft of new exposure sites.
For the first time, health officials have seen four or five cases where people were infected by strangers by casual contacts.
Victoria's Covid-19 testing commander Jeroen Weimar said the interactions were "very fleeting contact" and quite different to what Australia is used to seeing…
"What we're seeing now clearly is people who are, they're brushing past each other in a small shop, they're going around a display home, they're looking at phones in a Telstra shop," he said.
So. if money supply tightened then inflation might go up? And might inflation being low be part cause of those without personal debt having a field day and those with debt in 'credit' cards, be most subject to the other inflation rise in housing and food?
It can be important to understand that terms may have different meanings in different contexts. As that piece explains the RBNZ has done a lot of spending to help make the govts deficit spending happen fluidly. This is called a cost, but in practice its only the RBNZ which issues these monies anyway. If you understand the RBNZ spending as the countries house hold chore roster, then that cost here means it has recorded more chores being completed recently. That should also align with the temporary decision to purchase a lot of output in the form of a wage subsidy, while the govt budget is typically mostly focused on buying public goods. The salient point for why this analogy is a better understanding of 'cost' here is that people understand that recording too many items on their chore roster doesn't bankrupt them into being unable to record additional chores.
In terms of inflation its going to be important to understand its a phenomenon of general price increases and not of relative changes in the price of different goods and services. Yes, this makes it contentious how to measure inflation as the aggregate price of which identified bundle of goods.
But it seems reasonable to expect inflation to go up only once the level of spending starts to push on productive capacity to deliver. At that point businesses might increase prices or they might further if wage increases cause a loss of their margins. The salient point being inflation will be caused by something which causes many businesses to decide to put their prices up.
It just doesn't seem that businesses pay much attention to the money supply when adjusting their prices.
Its more important to understand that the RBNZs bond purchases dont directly add money to the economy…and that any 'cost' depends upon what happens offshore and the relationship between the NZD and the major tradeable currencies…if and when those actions impact the cost of debt financing in the future are largely out of our hands.
"Its more important to understand that the RBNZs bond purchases dont directly add money to the economy…"
In what sense? These are the transactions,
1) the govt (usually the DMO) sells bonds to primary dealers, removing money from the economy in exchange for a bond and allowing the buyer to specify a price at which they buy.
2) the RBNZ buys these bonds on the secondary market, using its intrinsic spending capacity, and providing that money back to the bond seller. This usually happens at a small capital loss to the RBNZ so the primary dealers get a small profit for acting as intermediaries here.
3) At some similar time the treasury will spend the borrowed funds. If that happened before 1 then potentially the same funds were used for step 1 (in some sense).
But the point is that the RBNZ bond purchase directly put spending ability in the economies hands including a net profit on the DMO's initial borrowing.
Nic theNzer Could the Reserve Bank set up its own system for supplying credits to a government department or agency providing cheap housing loans to specific young adults rather than trying to influence banks in certain ways to do this. It is indirect and not very effectual. As the banks do not find it a good market, there is market failure here, and could the RB step up with a limited amount of capital to start to fill this gap?
Yes absolutely. I believe there are still provisions in the act where the finance minister can demand the RBNZ provides loans to the govt directly, for 6 months time frame. That the govt was not doing this was highlighted by Grant Robertson before QE was initiated.
Further with some changes in legislation the RBNZ could alternatively provide treasury with an unlimited overdraft on its account in the payments system.
But banks and other primary dealers seem quite willing to participate in this given the miniscule risk small profit terms.
Thats in terms of govt spending.
In terms of housing loans, yes, thats basically how student loans work. Though the govt would probably need to look at the credit conditions it lends on a lot closer. As the BNZ bank failure showed there should be an independent regulator somewhere in the mix.
The bond purchases are from institutional investors and increases their collateral but not their spending ability as that collateral remains within the RBNZ reserve accounts…the only spending capacity that leaks into the system is through the minimal commissions to the approved traders and increased private bank lending promoted by the reduced interest rates…assuming the economy can service the additional lending and has a purpose for it and the banks are confident their capital is not at risk.
On the Government side (fiscal) the increased borrowing capacity theoretically will lead to greater government spending into the economy but we know how slow that spending is getting out the door….especially when you have one eye on interest rates and debt serviceability.
And meanwhile you are reducing the spending capacity of savers with the reduced interest earnings on investment
So its in a M3 vs M1 sense. But even in this case those payments all increase spending power. If at step 2 the institution sells for a depositor then there is a credit to their M3 account. If its for the institution then that institution holds more cleared funds eventually if they are not spent that becomes profit to be paid out.
And of course 3 is crediting accounts also raising M3.
Finally M1 is a component of M3 anyway.
So your statement which I quoted is simply incorrect.
Sure along with money in circulation. But thats simply irrelevant to your claim. When the RBNZ makes a bond purchase the digital equivalent of cash becomes property of a non-government institution and its spending ability goes up. This refutes your statement.
Except as collateral in the reserve accounts it is not available to inject into the market.
You refute nothing….the RBNZ has bought approximately 50 billion in bonds in just over a year (roughly 15% of GDP) …..where is it? It is not circulating in the economy, it is sitting within the RBNZ reserve accounts….an asset swap, as the RBNZ themselves stated. Collateral.
Your being confused by monetary aggregates not behaving in the economy as expected. The turnover rate of money can and does change. For obvious reasons in the last year savings rates went up significantly and that is where the govt income boost ended up. It turned out in net that the balance was about right and there has only been a small decrease in employment. But knowing how these transactions work its absolutely clear non-govt institutions spending power went up. Just because your idea about how spending works is wrong doesn't mean the aggregates are wrong.
Thanks Nic the NZer. I'll read that a number of times, and pick up different points each time, and finally I won't see through the glass darkly as the saying goes.
If housing Cost's were put back in the CPI inflation would measured at 3 to 4% and the Reserve bank would have to put interest rates up to counter the oversupply of money.But then in an anaemic world economy it would make it harder for NZ to trade as our $ would go up as well. Making exports dearer.
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Questions need to be asked on both sides of the worldPeter Williams writes – The NRL Judiciary hands down an eight week suspension to Sydney Roosters forward Spencer Leniu , an Auckland-born Samoan, after he calls Ezra Mam, Sydney-orn but of Aboriginal and Torres Strait ...
Ele Ludemann writes – Contrary to what many headlines and news stories are saying, residential landlords are not getting a tax break. The government is simply restoring to them the tax deductibility of interest they had until the previous government removed it. There is no logical reason ...
I can't remember when it was goodMoments of happiness in bloomMaybe I just misunderstoodAll of the love we left behindWatching our flashbacks intertwineMemories I will never findIn spite of whatever you becomeForget that reckless thing turned onI think our lives have just begunI think our lives have just begunDoes anyone ...
Michael Bassett writes – At first reading, a front-page story in the New Zealand Herald on 13 March was bizarre. A group of severely intellectually limited teenagers, with little understanding of the law, have been pleading to the Justice Select Committee not to pass a bill dealing with ram ...
How much political capital is Christopher Luxon willing to burn through in order to deliver his $2.9 billion gift to landlords? Evidently, Luxon is: (a) unable to cost the policy accurately. As Anna Burns-Francis pointed out to him on Breakfast TV, the original ”rock solid” $2.1 billion cost he was ...
TL;DR: My top 10 news and analysis links this morning include:Today’s must-read:Jonathon Porritt calling bullshit in his own blog post on mainstream climate science as ‘The New Denialism’.Local scoop:The Wellington City Council’s list of proposed changes to the IHP recommendations to be debated later today was leaked this ...
TL;DR:Prime Minister Christopher Luxon said yesterday tenants should be grateful for the reinstatement of interest deductibility because landlords would pass on their lower tax costs in the form of lower rents. That would be true if landlords were regulated monopolies such as Transpower or Auckland Airport1, but they’re not, ...
This is a re-post from Yale Climate Connections by Tom Toro Tom Toro is a cartoonist and author. He has published over 200 cartoons in The New Yorker since 2010. His cartoons appear in Playboy, the Paris Review, the New York Times, American Bystander, and elsewhere. Related: What 10 EV lovers ...
The business section of the NZ Herald is full of opinion. Among the more opinionated of all is the ex-Minister of Transport, ex-Minister of Railways, ex MP for Auckland Central (1975-93, Labour), Wellington Central (1996-99, ACT, then list-2005), ex-leader of the ACT Party, uncle to actor Antonia, the veritable granddaddy ...
Hi,Just quickly — I’m blown away by the stories you’ve shared with me over the last week since I put out the ‘Gary’ podcast, where I told you about the time my friend’s flatmate killed the neighbour.And you keep telling me stories — in the comments section, and in my ...
The first season of Rings of Power was not awful. It was thoroughly underwhelming, yes, and left a lingering sense of disappointment, but it was more expensive mediocrity than catastrophe. I wrote at length about the series as it came out (see the Review section of the blog, and go ...
Buzz from the Beehive Workplace Relations and Safety Minister Brooke van Velden told Auckland Business Chamber members they were the first audience to hear her priorities as a minister in a government committed to cutting red tape and regulations. She brandished her liberalising credentials, saying Flexible labour markets are the ...
Chris Trotter writes – TO UNDERSTAND WHY NEWSHUB FAILED, it is necessary to understand how TVNZ changed. Up until 1989, the state broadcaster had been funded by a broadcasting licence fee, collected from every citizen in possession of a television set, supplemented by a relatively modest (compared ...
Bob Edlin writes – The Māori Party has been busy issuing a mix of warnings and threats as its expresses its opposition to interest deductibility for landlords and the plans of seabed miners. It remains to be seen whether they follow the example of indigenous litigants in Australia, ...
Every year, in the Budget, Parliament forks out money to government agencies to do certain things. And every year, as part of the annual review cycle, those agencies are meant to report on whether they have done the things Parliament gave them that money for. Agencies which consistently fail to ...
The Government has accepted Labour’s change to the Road User Charge (RUC) discount for hybrid vehicles, meaning there will still be some incentive for people to buy greener vehicles. ...
Kicking the most vulnerable people out of state housing and pushing them towards homelessness will result in a proliferation of poverty and trauma across our most vulnerable communities. ...
Te Pāti Māori co-leader and MP for Waiariki, Rawiri Waititi has penned a letter asking MPs to support his members bill to remove GST from all food. The bill is expected to go through its first reading in parliament this Wednesday. “I’m calling on all political parties to support my ...
This year is about getting real with Kiwis and discussing the tough issues, as the National Government exacerbates inequality and divides New Zealand, Labour Leader Chris Hipkins said ...
The Government adding Significant Natural Areas (SNAs) to its already roaring environmental policy bonfire is an assault on the future of wildlife that makes Aotearoa unique. ...
After 12 years of fighting to protect our moana we are finding ourselves back at square one and back at court. Today, the Environmental Protection Agency is sitting in Hawera to reconsider an application from Trans-Tasman Resources to dig up 50 million tonnes of the seabed in South Taranaki. This ...
Minister Shane Jones’ decision to step away from a seabed mining project is evidence of the murky waters surrounding the Government’s fast-track legislation. ...
The growth of Treaty of Waitangi clauses in legislation caused so much worry that a special oversight group was set up by the last government in a bid to get greater coherence in the publicservice on Treaty matters. When ministers first considered the need for tighter oversight in 2021, there ...
The growth of Treaty of Waitangi clauses in legislation caused so much worry that a special oversight group was set up by the last government in a bid to get greater coherence in the publicservice on Treaty matters. When ministers first considered the need for tighter oversight in 2021, there ...
The Coalition Government’s miscalculation saga continues as it has forgotten an eyewatering $90 million gap in its interest deductibility cost figures, say Labour Finance spokesperson Barbara Edmonds and Revenue Spokesperson Deborah Russell. ...
He Pou a Rangi Climate Change Commission has today released advice that says if the Government doesn’t act now New Zealand is at risk of not meeting its climate goals. ...
The Coalition Government has today confirmed it is abandoning first home buyers who are struggling to get ahead, says Labour Finance spokesperson Barbara Edmonds. ...
The New Zealand public voted for a change in direction at the 2023 general election and that is exactly what this coalition government has been delivering in its first 100 days. There was an immediate focus on the economy, easing the cost of living, cracking down on law and order ...
The Government has left the health system as an afterthought, announcing half-baked targets at the last minute of their 100-day plan, says Labour Health spokesperson Ayesha Verrall. ...
The National Government has spent its first 100 days stopping, cutting and reversing. They have scrapped stuff for stuff for the sake of it, without putting up any solutions of their own – and it’s hardworking New Zealanders who will pay for it. ...
Kiwis are still waiting for their promised cost of living support after 100 days of a National Government that is taking us backwards, Labour Leader Chris Hipkins said today. ...
100 days of National taking NZ backwardsThe National Government has spent its first 100 days stopping, cutting and reversing. They have scrapped stuff for stuff for the sake of it, without putting up any solutions of their own – and it’s hardworking New Zealanders who will pay for it. ...
The Government must commit to funding free and healthy school lunches, as thousands of people sign the petition to keep them, education spokesperson Jan Tinetti says. ...
If the Government was serious about moving families into public housing, they would build more houses so there is actually somewhere for people to go. ...
The free and healthy school lunches programme feeds our kids, helps them to learn, and saves families money – but it is at risk under this Government, education spokesperson Jan Tinetti said. ...
The Government’s proposed changes to Firearms Prohibition Orders (FPO) add almost nothing new and are merely an attempt to distract from its plans to loosen gun laws, police spokesperson Ginny Andersen and justice spokesperson Dr Duncan Webb said. ...
The great Victorian era English politician Lord Macauley stood in the British House of Parliament and said, "The gallery in which the reporters sit has become a fourth estate of the realm".He understood and outlined even way back then, the significant role and influence media have in a democracy. ...
The government’s attack on Māori health this week is committing tangata-whenua to a premature death, says Te Pāti Māori. “The government have begun their onslaught on Māori health with the abolishment of the Māori Health Authority and smokefree laws in the same day” said health spokesperson and co-leader, Debbie Ngarewa-Packer. ...
"The Government is moving quickly to realise an additional $46 million in tariff savings in the EU market this season for Kiwi exporters,” Minister for Trade and Agriculture, Todd McClay says. Parliament is set, this week, to complete the final legislative processes required to bring the New Zealand – European ...
New Zealand’s social workers are qualified, experienced, and more representative of the communities they serve, Social Development and Employment Minister Louise Upston says. “I want to acknowledge and applaud New Zealand’s social workers for the hard work they do, providing invaluable support for our most vulnerable. “To coincide with World ...
Cabinet has agreed to a reduced road user charge (RUC) rate for plug-in hybrid electric vehicles (PHEVs), Transport Minister Simeon Brown says. Owners of PHEVs will be eligible for a reduced rate of $38 per 1,000km once all light electric vehicles (EVs) move into the RUC system from 1 April. ...
Minister of Agriculture and Trade, Todd McClay, says that today’s opening of Riverland Foods manufacturing plant in Christchurch is a great example of how trade access to overseas markets creates jobs in New Zealand. Speaking at the official opening of this state-of-the-art pet food factory the Minister noted that exports ...
Minister of Foreign Affairs Winston Peters met with Chinese Foreign Minister Wang Yi in Wellington today. “It was a pleasure to host Foreign Minister Wang Yi during his first official visit to New Zealand since 2017. Our discussions were wide-ranging and enabled engagement on many facets of New Zealand’s relationship with China, including trade, ...
Kāinga Ora – Homes & Communities has been instructed to end the Sustaining Tenancies Framework and take stronger measures against persistent antisocial behaviour by tenants, says Housing Minister Chris Bishop. “Earlier today Finance Minister Nicola Willis and I sent an interim Letter of Expectations to the Board of Kāinga Ora. ...
Tēna koutou katoa. Greetings everyone. Thank you to the Auckland Chamber of Commerce and the Honourable Simon Bridges for hosting this address today. I acknowledge the business leaders in this room, the leaders and governors, the employers, the entrepreneurs, the investors, and the wealth creators. The coalition Government shares your ...
Minister Winston Peters completed the final leg of his visit to South and South East Asia in Singapore today, where he focused on enhancing one of New Zealand’s indispensable strategic partnerships. “Singapore is our most important defence partner in South East Asia, our fourth-largest trading partner and a ...
Minister of Internal Affairs and Workplace Relations and Safety, Hon. Brooke van Velden, will travel to the Republic of Korea to represent New Zealand at the Third Summit for Democracy on 18 March. The summit, hosted by the Republic of Korea, was first convened by the United States in 2021, ...
ICNZ Speech 7 March 2024, Auckland Acknowledgements and opening Mōrena, ngā mihi nui. Ko Andrew Bayly aho, Nor Whanganui aho. Good morning, it’s a privilege to be here to open the ICNZ annual conference, thank you to Mark for the Mihi Whakatau My thanks to Tim Grafton for inviting me ...
Prime Minister Christopher Luxon and Lead Coordination Minister Judith Collins have expressed their deepest sympathy on the five-year anniversary of the Christchurch terror attacks. “March 15, 2019, was a day when families, communities and the country came together both in sorrow and solidarity,” Mr Luxon says. “Today we pay our respects to the 51 shuhada ...
Speech for Financial Advice NZ Conference 5 March 2024 Acknowledgements and opening Morena, Nga Mihi Nui. Ko Andrew Bayly aho, Nor Whanganui aho. Thanks Nate for your Mihi Whakatau Good morning. It’s a pleasure to formally open your conference this morning. What a lovely day in Wellington, What a great ...
Foreign Minister Winston Peters held discussions in Jakarta today about the future of relations between New Zealand and South East Asia’s most populous country. “We are in Jakarta so early in our new government’s term to reflect the huge importance we place on our relationship with Indonesia and South ...
Deputy Prime Minister and Minister of Foreign Affairs Winston Peters has announced that the Foreign Minister of China, Wang Yi, will visit New Zealand next week. “We look forward to re-engaging with Foreign Minister Wang Yi and discussing the full breadth of the bilateral relationship, which is one of New Zealand’s ...
Transport Minister Simeon Brown has today opened the new Auckland Rail Operations Centre, which will bring together KiwiRail, Auckland Transport, and Auckland One Rail to improve service reliability for Aucklanders. “The recent train disruptions in Auckland have highlighted how important it is KiwiRail and Auckland’s rail agencies work together to ...
The Government is proud to support the 10th edition of Crankworx Rotorua as the Crankworx World Tour returns to Rotorua from 16-24 March 2024, says Minister for Economic Development Melissa Lee. “Over the past 10 years as Crankworx Rotorua has grown, so too have the economic and social benefits that ...
Legislation implementing coalition Government tax commitments and addressing long-standing tax anomalies will be progressed in Parliament next week, Finance Minister Nicola Willis says. The legislation is contained in an Amendment Paper to the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill issued today. “The Amendment Paper represents ...
Associate Environment Minister Andrew Hoggard has today announced that the Government has agreed to suspend the requirement for councils to comply with the Significant Natural Areas (SNA) provisions of the National Policy Statement for Indigenous Biodiversity for three years, while it replaces the Resource Management Act (RMA).“As it stands, SNAs ...
Agriculture Minister Todd McClay has classified the drought conditions in the Marlborough, Tasman, and Nelson districts as a medium-scale adverse event, acknowledging the challenging conditions facing farmers and growers in the district. “Parts of Marlborough, Tasman, and Nelson districts are in the grip of an intense dry spell. I know ...
The Government is helping farmers eradicate the significant impact of facial eczema (FE) in pastoral animals, Agriculture Minister Todd McClay announced. “A $20 million partnership jointly funded by Beef + Lamb NZ, the Government, and the primary sector will save farmers an estimated NZD$332 million per year, and aims to ...
Foreign Minister Winston Peters has completed a successful visit to India, saying it was an important step in taking the relationship between the two countries to the next level. “We have laid a strong foundation for the Coalition Government’s priority of enhancing New Zealand-India relations to generate significant future benefit for both countries,” says Mr Peters, ...
Cabinet has agreed to provide $7 million to ensure the 2024 ski season can go ahead on the Whakapapa ski field in the central North Island but has told the operator Ruapehu Alpine Lifts it is the last financial support it will receive from taxpayers. Cabinet also agreed to provide ...
Health Minister Dr Shane Reti says the launch of a new mobile breast screening unit in Counties Manukau reinforces the coalition Government’s commitment to drive better cancer services for all New Zealanders. Speaking at the launch of the new mobile clinic, Dr Reti says it’s a great example of taking ...
Health Minister Dr Shane Reti says the launch of a new mobile breast screening unit in Counties Manukau reinforces the coalition Government’s commitment to drive better cancer services for all New Zealanders. Speaking at the launch of the new mobile clinic, Dr Reti says it’s a great example of taking ...
Unlocking economic growth and land for housing are critical elements of the Government’s plan for our transport network, and planned upgrades to State Highway 29 (SH29) near Tauriko will deliver strongly on those priorities, Transport Minister Simeon Brown says. “The SH29 upgrades near Tauriko will improve safety at the intersections ...
Unlocking economic growth and land for housing are critical elements of the Government’s plan for our transport network, and planned upgrades to State Highway 29 (SH29) near Tauriko will deliver strongly on those priorities, Transport Minister Simeon Brown says. “The SH29 upgrades near Tauriko will improve safety at the intersections ...
Lower fruit and vegetable prices are welcome news for New Zealanders who have been doing it tough at the supermarket, Finance Minister Nicola Willis says. Stats NZ reported today the price of fruit and vegetables has dropped 9.3 percent in the 12 months to February 2024. “Lower fruit and vege ...
Tēnā koutou katoa and greetings to you all. Chair, I am honoured to address the sixty-eighth session of the Commission on the Status of Women. I acknowledge the many crises impacting the rights of women and girls. Heightened global tensions, war, climate related and humanitarian disasters, and price inflation all ...
Tēnā koutou katoa and greetings to you all. Chair, I am honoured to address the 68th session of the Commission on the Status of Women. I acknowledge the many crises impacting the rights of women and girls. Heightened global tensions, war, climate related and humanitarian disasters, and price inflation all ...
The coalition Government is supporting farmers to enhance land management practices by investing $3.3 million in locally led catchment groups, Agriculture Minister Todd McClay announced. “Farmers and growers deliver significant prosperity for New Zealand and it’s vital their ongoing efforts to improve land management practices and water quality are supported,” ...
Good evening everyone and thank you for that lovely introduction. Thank you also to the Honourable Simon Bridges for the invitation to address your members. Since being sworn in, this coalition Government has hit the ground running with our 100-day plan, delivering the changes that New Zealanders expect of us. ...
Recommendations from the Climate Change Commission for New Zealand on the Emissions Trading Scheme (ETS) auction and unit limit settings for the next five years have been tabled in Parliament, Climate Change Minister Simon Watts says. “The Commission provides advice on the ETS annually. This is the third time the ...
The coalition Government is beginning its fight to lower building costs and reduce red tape by exempting minor building work from paying the building levy, says Building and Construction Minister Chris Penk. “Currently, any building project worth $20,444 including GST or more is subject to the building levy which is ...
Proposed changes to tax legislation to prevent the over-taxation of low-earning trusts are welcome, Finance Minister Nicola Willis says. The changes have been recommended by Parliament’s Finance and Expenditure Committee following consideration of submissions on the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill. “One of the ...
Assalaamu alaikum. السَّلَام عليكم In light of the holy month of Ramadan, I want to extend my warmest wishes to our Muslim community in New Zealand. Ramadan is a time for spiritual reflection, renewed devotion, perseverance, generosity, and forgiveness. It’s a time to strengthen our bonds and appreciate the diversity ...
Former Transport Minister and CEO of the Auckland Business Chamber Hon Simon Bridges has been appointed as the new Board Chair of the New Zealand Transport Agency (NZTA) for a three-year term, Transport Minister Simeon Brown announced today. “Simon brings extensive experience and knowledge in transport policy and governance to the role. He will ...
Good morning all, it is a pleasure to be here as Minister of Science, Innovation and Technology. It is fantastic to see how connected and collaborative the life science and biotechnology industry is here in New Zealand. I would like to thank BioTechNZ and NZTech for the invitation to address ...
Regional Development Minister Shane Jones says he is looking forward to the day when three key water projects in Northland are up and running, unlocking the full potential of land in the region. Mr Jones attended a community event at the site of the Otawere reservoir near Kerikeri on Friday. ...
Associate Finance Minister David Seymour has today announced that the Government has agreed to restore deductibility for mortgage interest on residential investment properties. “Help is on the way for landlords and renters alike. The Government’s restoration of interest deductibility will ease pressure on rents and simplify the tax code,” says ...
Sport and Recreation Minister Chris Bishop will travel to Switzerland today to attend an Executive Committee meeting and Symposium of the World Anti-Doping Agency (WADA). Mr Bishop will then travel on to London where he will attend a series of meetings in his capacity as Infrastructure Minister. “New Zealanders believe ...
Source: The Conversation (Au and NZ) – By Deborah Lupton, SHARP Professor, Vitalities Lab, Centre for Social Research in Health and Social Policy Centre, and the ARC Centre of Excellence for Automated Decision-Making and Society, UNSW Sydney kitzcorner/Shutterstock The assertion from Queensland’s chief health officer John Gerrard that ...
Source: The Conversation (Au and NZ) – By Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University Shutterstock Why are musicians so keen to get played on the radio? It can’t be because of the money. In Australia they are paid at rates so low they ...
"Farmers make a point not to tell our urban cousins how to live, yet Chlöe from central Auckland is hell-bent on having her say about farmers," says ACT Rural Communities spokesman Mark Cameron. “On her first day in the House as Green ...
Analysis by Dr Bryce Edwards – Democracy Project (https://democracyproject.nz)Political scientist, Dr Bryce Edwards. It’s been a tumultuous time in politics in recent months, as the new National-led Government has driven through its “First 100 Day programme”. During this period there’s been a handful of opinion polls, which overall just ...
Source: The Conversation (Au and NZ) – By Tim Curran, Associate Professor of Ecology, Lincoln University, New Zealand Getty Images/Gerald Corsi In the latest move to reform environmental laws in New Zealand, the coalition government has introduced a bill to fast-track consenting processes for projects deemed to ...
Uber has argued it does not have as much control over drivers as the unions suggest, and wants a judgment ruling that drivers are employees and not contractors set aside and sent back to the Employment Court. The 2022 ruling followed a three-week hearing in which four drivers sought to ...
What can and can’t be purchased by disabled people or their carers has been slashed in an effort by the Ministry of Disabled People Whaikaha to save money. The purchasing guidelines, a set of rules that sets out what can be purchased using the various streams of Government disability funding, ...
The Treasury has published today a new Analytical Note by Tod Wright and Hien Nguyen, Fiscal incidence in New Zealand: The effects of taxes and benefits on household incomes in tax year 2018/19 . Analyses of the distributional impact of taxation and government ...
The Treasury has published today a new Analytical Note by Cory Davis, Boston Hart and Benjamin Stubbing, Household cost-of-living impacts from the Emissions Trading Scheme and using transfers to mitigate regressive outcomes . This Analytical Note ...
A coalition of public transport and climate organisations, united as ‘Transport for All’, is actively opposing the government’s transport proposals. The draft Government Policy Statement (GPS) includes plans for higher fares for public transport, ...
Greater Wellington is inviting feedback on proposed changes to its Revenue and Financing Policy. The Revenue and Financing Policy covers the Council’s various sources of funding, and how the cost of services is shared across the region. This includes ...
Labour has conceded it could have done more to deal with disruptive state housing tenants while in government but says the current coalition is going too far. ...
The band has asked their record label to issue a cease and desist to stop the NZ First leader using their 1997 hit to support his ‘misguided political views’. “I get knocked down, but I get up again,” blared through the speakers on Sunday as Winston Peters took the stage ...
By Lydia Lewis, RNZ Pacific journalist Food rationing is underway in remote areas in Papua New Guinea’s Highlands following torrential rain and flash flooding. More than 20 people have been reported dead in Chimbu Province. In nearby Enga Province, the centre of last month’s massacre, a 15-year-old boy has been ...
Source: The Conversation (Au and NZ) – By Andrew Hughes, Lecturer, Research School of Management, Australian National University After months of debate and intrigue, the AFL’s 19th and newest team, the Tasmania Devils, finally launched its jumper, logo and colours in Devonport this week. The Devils will wear green, ...
Brannavan Gnanalingam reviews the debut novel by Saraid de Silva.One of the most baffling things for children who move to a new country is what their parents’ (or grandparents’) lives were like prior to moving – for kids in particular, they’re too busy trying to fit in in their ...
Source: The Conversation (Au and NZ) – By Stephen Gaunson, Associate Professor in Cinema Studies, RMIT University Narelle Portanier/Binge “If you don’t know who your mob are, you don’t know who you are,” Detective Andrea “Andie” Whitford (played by Leah Purcell) is told early into the new crime ...
Source: The Conversation (Au and NZ) – By Elise Klein, Associate professor, Australian National University It’s commonly accepted that women do the vast majority of caregiving in Australian society. But less appreciated is that Indigenous women do larger amounts of unpaid care than any other group. Working with the Aboriginal ...
Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne Joe Biden and Donald Trump have both secured their parties’ nominations for the November 5 United States general election by winning a ...
Comment: There has been a striking contrast in trans-Tasman interest about Chinese foreign minister Wang Yi’s visit to New Zealand and Australia. While the Australian press has been full of articles about the visit – including his curious decision to meet with former prime minister and China booster Paul Keating ...
After years of pressuring banks and other institutions to stop investing in fossil fuels, climate campaigners are making some progress. So how does divestment work?For years, climate activists have been pushing banks and other big institutions to divest from fossil fuels. New research from climate advocacy group 350 Aotearoa ...
For Boba, Ethan and Ashley, K-pop is a place to belong, a way to express themselves, and a bridge to connect with others. The three young Polynesians are part of a K-pop fan community in Tāmaki Makaurau. It’s one of many that have sprung up worldwide as K-pop has gone ...
For Boba, Ethan and Ashley, K-pop is a place to belong, a way to express themselves, and a bridge to connect with others. This one-off documentary presents three intimate portraits of young Polynesians who are pulled into a Korean cultural phenomenon. K-POLYS is directed by Litia Tuiburelevu, Produced by Hex ...
There’s ample evidence demonstrating free school lunch programmes provide wide benefits across schools, households and communities according to public health researchers. ACT Minister David Seymour wants to reduce the spending on Aotearoa New Zealand’s ...
By Wata Shaw in Suva Fiji is facing an exodus of Fijians as many are leaving for overseas seeking employment and education and others are migrating, says Opposition MP Viliame Naupoto. Speaking in Parliament, he said: “His Excellency’s speech (Ratu Wiliame Katonivere) comes after a little over one year of ...
The Taxpayers’ Union is welcoming comments from Christopher Luxon this morning recommitting to ‘no new taxes’ as part of Budget 2024. “Mr Luxon’s refusal at the Post-Cabinet press conference yesterday to repeat the ‘no new taxes’ promise ...
SAFE is urgently calling on the Environment Committee to reject the Government’s Fast-Track Approvals Bill, and is urging New Zealanders to rally behind the call. The proposed Bill, currently under consideration with the Environment select committee, ...
Teammates who spend all their time picking fights with spectators are only helpful for the other team, writes Madeleine Chapman. Anyone who has ever played a team sport competitively, particularly as a child and particularly, for some reason, basketball, will know that there’s a lot of politics involved. While there ...
The long-running Wellington music festival is too focused on the Jim Beam-ness and not enough on the Homegrown-ness.There is something about Homegrown that’s difficult to place. A barely perceptible-ness. Like feeling a ghost is watching you from the corner of the room but when you look, there’s nothing there. ...
The latest Ipsos New Zealand Issues Monitor reveals that fewer New Zealanders believe crime / law and order is one of the top issues facing our country. In 2018, Ipsos New Zealand started tracking the key issues facing New Zealand. In this wave ...
Source: The Conversation (Au and NZ) – By Kate Griffiths, Deputy Program Director, Budgets and Government, Grattan Institute Australia’s political donations rules are woefully inadequate, but donations reform is finally on the agenda. The federal government has signalled its interest in reform and will soon begin briefing MPs on its ...
Source: The Conversation (Au and NZ) – By Mark Patrick Taylor, Chief Environmental Scientist, EPA Victoria; Honorary Professor, School of Natural Sciences, Macquarie University Naiyana Somchitkaeo/Shutterstock A recent study published in the prestigious New England Journal of Medicine has linked microplastics with risk to human health. The study ...
Source: The Conversation (Au and NZ) – By Albert Van Dijk, Professor, Water and Landscape Dynamics, Fenner School of Environment & Society, Australian National University Global climate records were shattered in 2023, from air and sea temperatures to sea-level rise and sea-ice extent. Scores of countries recorded their hottest year ...
As part of our series exploring how New Zealanders live and our relationship with money, a teacher explains why he and his partner are in frugal mode – and how they’re making it work. Gender: Male Age: 35Ethnicity: Pākehā Role: I am an intermediate school teacher and my partner is ...
Source: The Conversation (Au and NZ) – By Sarah Bendall, Senior Lecturer, Institute for Humanities and Social Sciences, Australian Catholic University Binge Mary & George, the new British television drama series, depicts the real-life story of Mary Villiers and her son George, and their social climbing at the ...
Source: The Conversation (Au and NZ) – By Jason Nassios, Associate Professor, Centre of Policy Studies, Victoria University This article is part of The Conversation’s series examining the housing crisis. Read the other articles in the series here. Australian state and federal governments spend money in many ways to ...
The finance minister is denying that there’s a $5.6b shortfall in paying for the government’s campaign promises, including tax cuts. At his post-cabinet press conference yesterday, the PM refused to rule out new taxes to pay for the cuts, writes Anna Rawhiti-Connell in this excerpt from The Bulletin, The Spinoff’s ...
Kāinga Ora tenants abused by their neighbours are doubting the government's crackdown on disruptive tenants will make a difference on their behaviour. ...
Kāinga Ora is New Zealand’s biggest residential landlord, housing more than 180,000 vulnerable people in more than 67,000 properties. Yesterday the government announced a crackdown on its tenants who fall behind on rent. One longtime Kāinga Ora tenant shares her experience.For 18 years I lived in a 1960s standalone ...
Why does this myth persist, and what’s the real reason our skin is suffering?It’s one of the biggest international grievances New Zealanders hold, up there with the sinking of the Rainbow Warrior and 1981’s underarm incident. We’re quick to tell international travellers that the world’s pollution led to the ...
Opinion: We are fast approaching a fundamental change in prisons. As the number of people on custodial remand looks set to overtake the number of sentenced prisoners, the main function of prisons in New Zealand may become incarcerating un-sentenced people who may not be guilty of offending. We have already ...
A huge seven months lies in store for the White Ferns, beginning this week with the visit of England and culminating with the T20 World Cup in Bangladesh in September and October. Starting on Tuesday in Dunedin, the world ranked No. 2 visitors will play five T20s and three ODIs, ...
Opinion: In a move that has shocked road safety advocates across the country, the new Minister of Transport, Simeon Brown, is poised to abandon the previous government’s speed limit reduction policy, particularly around schools. Even more alarmingly, he wants school speed limits to be variable rather than full-time, arguing ...
Auckland Council is opposing a fast-track development backed by Sir John Kirwan and Spark NZ, because it doesn’t meet stringent new climate adaptation requirements The post Surf-data centre faces new 3.8C climate warming rules appeared first on Newsroom. ...
When the Criminal Proceeds (Recovery) Act was introduced in 2009 it was firmly targeted at gangs and drugs. The legislation means police no longer need a conviction to seize assets that criminals can’t prove were paid for legitimately, as long as their alleged offences are punishable by more than a ...
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I guess thats it.
https://www.stuff.co.nz/national/125308161/andrew-little-rejects-pike-river-families-plan-to-recover-more-evidence
No it clearly is not. The next steps will be to drill the bore holes and analyse the evidence.
So sorry… "should have added within the mine."
The Emperor has no clothes
https://www.newsroom.co.nz/political-beliefs-masquerading-as-science
That is a very penetrating article. Thanks.
Some related reading,
http://bilbo.economicoutlook.net/blog/?p=47506
Paul Krugman presents mainstream hubris.
http://bilbo.economicoutlook.net/blog/?p=47555
Why the present mainstream view still presents only a very narrow perspective on deficit hawks.
http://bilbo.economicoutlook.net/blog/?p=47579
What do deficit hawks think about criticism of their policy failures?
Interesting indeed.
More than interesting….fundamental.
IF confidence is lost there is nothing else to maintain that which underpins society
Waiting for the first Canterbury farmer to refuse ,"Socialistic" handouts from the ,"pretty socialist".
Waiting…..
Well put, was listening to the whining on RNZ this morning, nothing funny at all about family and animal lives being disrupted…but, I have not heard the air raid siren wind up like that since Auckland Chamber of Commerce rep Michael Barnett and Queenstown business reps performances during COVID lockdowns.
Wonder how those plains formed in the first place.
O yeah been happening for centuries.
Aren't they good stout English plains brought from Merrie England by good stout English Yeomen gentleman farmers then?
Internet comment of the day.
Though to be fair, there is going to have to be huge amounts spent on flood protection and proofing in the years ahead.
Maybe they could reinstate some of those wetlands that were drained…
Wonder who gets to pay for that..
Free market insurance companies will refuse to cover flood prone areas as they have done in the past
KJT, Lol Lol.
For every time there is a purpose under heaven,
A time to cry
https://www.stuff.co.nz/national/politics/local-government/300322473/oh-god-sorry-dunedin-mayor-gets-emotional-on-climate-change-and-floods
Dunedin 's cycleways around the harbour from Port Chalmers all the way around to Portobello are outstanding assets for its citizens.
Not if they get inundated by water as most of the cycle way is low laying.
They have been built up for sea level change this century.
You have a look at how high the tide gets around the harbour now it just needs a moderate wind and parts are covered at higher tides.
No cyclists on the road during those times.
I'm there tomorrow I'll have a look.
How much did they raise the path? High tide and the right wind used to see waves coming over the top at Mac Bay.
The rebuild looked like it was over a metre from the original.
I could just ask Fulton Hogan I guess.
I’d love to know. It was such a great thing to build, and am curious what they decided was optimal height.
Worsening climate is baked in now whatever Hawkins does at a local level about emissions reduction. No reason not to do it of course – but a lot of money will have to go into mitigation and retreat. Otherwise we will have a social disaster as people can no longer afford insurance and are wiped out financially, physically and emotionally by floods, droughts, etc.
Hawkins popularity has gone right down because people don't like the reality of changing habits to mitigate climate change such as giving up heavy reliance on cars .
Most people are complaining about congestion and lack of car parks many who supported Hawkins just to keep the ultra right Vandervis out have now changed their allegiance.
Vandervis continues to play the victim in his obsessive drive to become mayor by being anti everything pulling every publicity stunt he can.
Dunedin has ample car parking, and both the consultant who measured it and the Council are in agreement over that.
https://www.odt.co.nz/news/dunedin/council-backs-parking-consultant
Everyone who cares about climate change has to be prepared to fight their councils on it, often for years at a time.
What is “ultra right” supposed to mean here? Is that a lazy term you use for people whom you dislike and/or disagree with?
No it's because I know his politics his connections.Lee wants to sell off all council owned companies.
His over the top complaints cost rate payers millions in Deltas unauthorized developments in Queenstown and Christchurch forcing the council to sell of those developments at fire sale prices.
Lee is all about Lee no one else
That does not qualify him as "ultra right", which tends to mean something quite different and altoegther more dubious.
Don't know about "ultra right", but here's Dunedin city councillor and mayoral candidate Lee Vandervis on climate change (in 2013).
People (and the climate) can change. Maybe Cr Vandervis is just misunderstood?
Councillors united against Vandervis
Outspoken councillor costs own council $94,000 – in part down to a $12 parking ticket
https://www.nzherald.co.nz/nz/dunedin-city-councillor-lee-vandervis-walks-out-of-meeting-over-lying-accusation/CSX4S2JB3VGB42B62Q7RJACOO4/
Any links about that?
Sacha Purely annecdotal from a very well connected Dunedinite.
In other words, unsubstantiated innuendo AKA fake news.
I know many hundreds of dunedinites from dunners and the mood has definitely changed.I have been involved in dunedin politics probably longer than you have been a live.
[fixed typo in user name again]
I’ll have to take your word for it and even though yours is a ‘ironclad argument’, it is in dire want and need of factual evidence to replace your anecdotal hearsay.
If you follow the news down here,that is what many folk are thinking.Hawkins is not up too it,may well move into central politics(Green party)with even less affect. As for Lee I think that boat has sailed,to disruptive.Their will be a new mayor and Deputy after next elections.
Give us a link with something more substantial, please. A poll, a survey, something a little more tangible. I have no idea what I should imagine with “many folk”; tens, hundreds, thousands, some, a few?
Google is your friend,their is plenty over the last couple of years,by the way when did a many become a few, do I have to school you about local body politics. But my point is my view and as I have little data per month* I wont be bothering to link,an further to that I'm not good at it,so mute point,sorry.
*.. only cell phone tethering.Oh I'm trying to learn,computers do my head in,so as stated above"sorry"
No , Google is not my friend; I can find whatever I like, based on all the info Google has on me. You didn’t give any helpful hints either to start a search.
I like to draw attention to the fact that stories, messages, memes and what have are started and spread on the internet by people with an agenda and/or personal bias. For this reason, I cannot take personal anecdote from an anonymous commenter seriously and nor should I or anybody else here, for that matter.
If someone wants to spout a personal opinion on Hawkins, they are free to do so, within the rules of this site. However, they cannot speak for or on behalf of others or make unsubstantiated claims about a ‘change of personal opinion’ as if these are facts!
I live in dunners.
Not sure Hawkins popularity has changed much. The water thing was a bit of a hit, but the griping about carparks from VdV and a couple of other councillors isn't making a dent.
I suspect Hawkins will do another term as mayor (to prove it wasn't luck) then go to central government.
Good to hear a personal view from somebody who actually lives in Dunners.
"Good to hear a personal view……..I'm not going to get into an argument with (comment/mod),only too say read what was said and have a look at links already provided by others.
……..from somebody who actually lives in Dunners. Is that right
edit
Exactly right AB. Oh hell, can some authorities really grasp the enormity of problems, and make plans to help the unfortunates to make reasoned withdrawal plans? Some of these people's houses on low lying areas need to be used as rentals now, while the owners seek permanent places on higher ground, and prepare for a loss on their lower house when it must be abandoned.
The local councils could build expertise in helping larger houses be converted to two or three sub-units, build granny flats at rear, subdivide or cross lease larger sections.
But most of all check with Master Builders or other reliable source on your choice of builder. They are dropping out leaving people in deep trauma. I suggest have a small basic plan that allows for built-on rooms side or over, with Council approval so that foundations are secure. Think about privacy from close neighbours too, Council might not care.
https://www.stuff.co.nz/business/125261794/nelson-builder-disappears-leaving-clients-thousands-of-dollars-in-the-lurch
Apr2016 https://www.stuff.co.nz/business/78954925/christchurch-couple-left-reeling-after-stonewood-mortgage-deal
Council could assist with plans and info. for building sturdy units on steep ground:
https://fraemohs.co.nz/building-on-slope/
https://designeverest.com/blog/hillside-home-projects-their-challenges/
Look at the Finnish designs we were trialling in the 1960s before we ran out of individual initiative.
https://www.designboom.com/architecture/rare-futuro-ufo-house-hits-the-market-new-zealand-11-05-2020/
https://www.theguardian.com/artanddesign/2012/may/10/futuro-ideal-home-wasnt The oil crisis of 1973, which tripled the price of plastic, was the final nail in the coffin. And there went another piece of 1960s utopianism.
For every time there is a purpose under heaven,
What has been is been,what has done is done,there is nothing new under the sun.
https://agupubs.onlinelibrary.wiley.com/doi/abs/10.1029/WR004i005p00909
Hi Poisson, (great name by the way)
It is notable that the Southland floods were preceded by months of drought, a phenomonen, which in the link you provided, is called the 'Noah Effect', but which I suspect will soon become to be called the 'New Normal'.
What will the government do with this piece of hard fact that can't be dithered around?
https://www.rnz.co.nz/news/national/443869/marsden-point-closure-could-expose-nz-to-fuel-security-risks-report-says
The government has been warned that closing down the country's only oil refinery could expose New Zealand to fuel security risks.
The Energy Minister said these risks are not significant, but a consultant's report to the government says the opposite.
The risks centre on reconfigured supply chain, meaning the country would hold significantly less fuel because it held no crude awaiting processing.
Let's NOT go for a system based on 'best practice', best efficiency, and without unexpected outcomes not allowed for, and a childish belief that everything will turn out all right if we just rely on our allies, friends and regular friendly business partners. Here is another opportunity to abandon the country's best interests gummint – leave us wide open as you so often do, no probs, we'll manage, the Little Smart Country with a big mouth!?
For us more risk averse older types, jettisoning the capability for local refining is a big step. The refinery will be decommissioned with various cleanups needed and no quick route back to refining crude. I am close to Marsden Pt by geography and personal contacts. Operators knew something was up last year when fresh catalyst vital to the process, and worth millions was not re-ordered.
https://en.wikipedia.org/wiki/Catalytic_reforming
One of Muldoon’s Think Big projects is basically going to be a storage unit with a pipe to Auckland. Marsden B was never fully commissioned, and the last recent Refining NZ CEO buggered off because the Board would not entertain revising B into solar and other green energy.
The retail petrol companies have certainly done well out of Refining NZ–gifted to them by one Roger Douglas and friends.
Can we buy it for $1?
How we deal with roading will also be interesting… where will our bitumen come from?
Personally I believe it's a mistake as is stopping natural gas production.
What we should do is look to ban imports and have very tight nationalized production here with world leading environmental standards at the ability to use price control to reduce usage.
Stopping local production is effectively just 'off shoring' our emissions looks good on paper here globally speaking at absolute best neutral at worst we start importing say coal on a bunker oil burning ship…
Marsden Point's closure fits very well with the Government's climate change policies.
We will be entirely at the mercy of international markets and prices for all kinds of petroleum products from kerosene, aviation fuel, the different petrols, diesel, bunker oil, and all the way to plastics and tar. And TBF that's a good thing: those regular crises will be largely unhedged apart from some overseas reserve contracts – contracts which mean little in a genuine crisis a we've seen from the Covid vaccine distributions.
So every time there's an oil supply crisis or price spike, those combustion engine alternative debates get fresh alerts in neon lights.
We're in a completely different context to Think Big, which was all about increased energy self sufficiency following the oil spikes of the late 1970s.
I hope that the next step isn't to take up Breatharianism.
https://en.wikipedia.org/wiki/Inedia
Our export sectors are already remarkably comparatively efficient in terms of petroleum inputs.
Our cities however are our sinkholes of inefficiency, which is why it's worth all the dreary effort to make private cars less attractive.
Oh can we expect private cars to be treated like tobacco and priced higher and higher and made more difficult to obtain can we?
The entire electrification process is fueled by fossil fuel … without security of supply the process simply cannot be brought to fruition.
No Diesel => no transport => no wind farms => no more hydro capacity built => no more rail network => no more FOOD
Most Tier 1 construction companies are replacing their light truck fleets to prepare for the Climate Commission targets. Won't happen all this year, but they know that if they don't demonstrate they are going Net Zero, they just aren't going to win the next job.
Those are the people that use the trucks to transport those great wind farm components. I'm building one at the moment.
So no, your causal chain doesn't have any bearing on the reality on the ground.
Someone may have noted this but just in case … We may have to deflate the Transtasman bubble.
https://www.rnz.co.nz/news/world/443849/victoria-authorities-consider-extending-covid-19-lockdown-over-rapid-virus-spread
The state reported six new locally acquired coronavirus cases on Wednesay taking the outbreak to 60 cases.
Chief Health Officer Brett Sutton said on Tuesday night that the virus was moving "faster than any other strain we've dealt with".
"We're seeing transmissions in settings and circumstances we've never seen before," he said.
His comments came as a new positive case was identified in a Victorian who had travelled to New South Wales and back again, prompting a whole raft of new exposure sites.
For the first time, health officials have seen four or five cases where people were infected by strangers by casual contacts.
Victoria's Covid-19 testing commander Jeroen Weimar said the interactions were "very fleeting contact" and quite different to what Australia is used to seeing…
"What we're seeing now clearly is people who are, they're brushing past each other in a small shop, they're going around a display home, they're looking at phones in a Telstra shop," he said.
https://www.rnz.co.nz/news/business/443894/rbnz-to-wear-cost-of-monetary-policies-and-economic-support
So. if money supply tightened then inflation might go up? And might inflation being low be part cause of those without personal debt having a field day and those with debt in 'credit' cards, be most subject to the other inflation rise in housing and food?
It can be important to understand that terms may have different meanings in different contexts. As that piece explains the RBNZ has done a lot of spending to help make the govts deficit spending happen fluidly. This is called a cost, but in practice its only the RBNZ which issues these monies anyway. If you understand the RBNZ spending as the countries house hold chore roster, then that cost here means it has recorded more chores being completed recently. That should also align with the temporary decision to purchase a lot of output in the form of a wage subsidy, while the govt budget is typically mostly focused on buying public goods. The salient point for why this analogy is a better understanding of 'cost' here is that people understand that recording too many items on their chore roster doesn't bankrupt them into being unable to record additional chores.
In terms of inflation its going to be important to understand its a phenomenon of general price increases and not of relative changes in the price of different goods and services. Yes, this makes it contentious how to measure inflation as the aggregate price of which identified bundle of goods.
But it seems reasonable to expect inflation to go up only once the level of spending starts to push on productive capacity to deliver. At that point businesses might increase prices or they might further if wage increases cause a loss of their margins. The salient point being inflation will be caused by something which causes many businesses to decide to put their prices up.
It just doesn't seem that businesses pay much attention to the money supply when adjusting their prices.
Seeing it now, 7-13 % across the board in my industry with reviews in 3-6 months
Its more important to understand that the RBNZs bond purchases dont directly add money to the economy…and that any 'cost' depends upon what happens offshore and the relationship between the NZD and the major tradeable currencies…if and when those actions impact the cost of debt financing in the future are largely out of our hands.
"Its more important to understand that the RBNZs bond purchases dont directly add money to the economy…"
In what sense? These are the transactions,
1) the govt (usually the DMO) sells bonds to primary dealers, removing money from the economy in exchange for a bond and allowing the buyer to specify a price at which they buy.
2) the RBNZ buys these bonds on the secondary market, using its intrinsic spending capacity, and providing that money back to the bond seller. This usually happens at a small capital loss to the RBNZ so the primary dealers get a small profit for acting as intermediaries here.
3) At some similar time the treasury will spend the borrowed funds. If that happened before 1 then potentially the same funds were used for step 1 (in some sense).
But the point is that the RBNZ bond purchase directly put spending ability in the economies hands including a net profit on the DMO's initial borrowing.
Nic theNzer Could the Reserve Bank set up its own system for supplying credits to a government department or agency providing cheap housing loans to specific young adults rather than trying to influence banks in certain ways to do this. It is indirect and not very effectual. As the banks do not find it a good market, there is market failure here, and could the RB step up with a limited amount of capital to start to fill this gap?
Yes absolutely. I believe there are still provisions in the act where the finance minister can demand the RBNZ provides loans to the govt directly, for 6 months time frame. That the govt was not doing this was highlighted by Grant Robertson before QE was initiated.
Further with some changes in legislation the RBNZ could alternatively provide treasury with an unlimited overdraft on its account in the payments system.
But banks and other primary dealers seem quite willing to participate in this given the miniscule risk small profit terms.
Thats in terms of govt spending.
In terms of housing loans, yes, thats basically how student loans work. Though the govt would probably need to look at the credit conditions it lends on a lot closer. As the BNZ bank failure showed there should be an independent regulator somewhere in the mix.
The bond purchases are from institutional investors and increases their collateral but not their spending ability as that collateral remains within the RBNZ reserve accounts…the only spending capacity that leaks into the system is through the minimal commissions to the approved traders and increased private bank lending promoted by the reduced interest rates…assuming the economy can service the additional lending and has a purpose for it and the banks are confident their capital is not at risk.
On the Government side (fiscal) the increased borrowing capacity theoretically will lead to greater government spending into the economy but we know how slow that spending is getting out the door….especially when you have one eye on interest rates and debt serviceability.
And meanwhile you are reducing the spending capacity of savers with the reduced interest earnings on investment
So its in a M3 vs M1 sense. But even in this case those payments all increase spending power. If at step 2 the institution sells for a depositor then there is a credit to their M3 account. If its for the institution then that institution holds more cleared funds eventually if they are not spent that becomes profit to be paid out.
And of course 3 is crediting accounts also raising M3.
Finally M1 is a component of M3 anyway.
So your statement which I quoted is simply incorrect.
M3 includes money NOT in circulation….for the reason outlined above
Sure along with money in circulation. But thats simply irrelevant to your claim. When the RBNZ makes a bond purchase the digital equivalent of cash becomes property of a non-government institution and its spending ability goes up. This refutes your statement.
Except as collateral in the reserve accounts it is not available to inject into the market.
You refute nothing….the RBNZ has bought approximately 50 billion in bonds in just over a year (roughly 15% of GDP) …..where is it? It is not circulating in the economy, it is sitting within the RBNZ reserve accounts….an asset swap, as the RBNZ themselves stated. Collateral.
Your being confused by monetary aggregates not behaving in the economy as expected. The turnover rate of money can and does change. For obvious reasons in the last year savings rates went up significantly and that is where the govt income boost ended up. It turned out in net that the balance was about right and there has only been a small decrease in employment. But knowing how these transactions work its absolutely clear non-govt institutions spending power went up. Just because your idea about how spending works is wrong doesn't mean the aggregates are wrong.
Thanks Nic the NZer. I'll read that a number of times, and pick up different points each time, and finally I won't see through the glass darkly as the saying goes.
If housing Cost's were put back in the CPI inflation would measured at 3 to 4% and the Reserve bank would have to put interest rates up to counter the oversupply of money.But then in an anaemic world economy it would make it harder for NZ to trade as our $ would go up as well. Making exports dearer.
The link covers what is and isn't counted in CPI measures.
https://www.google.com/amp/s/amp.rnz.co.nz/article/9fbc0eaa-f571-46b2-bd19-fd6c1304babe
If its a case of putting back in these items at which time was CPI 'correctly' measured?
While 3-4% would be high if the RBNZ could get inflation inside the 2-3% band it would be meeting its present inflation targets.