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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Mariupol, on the Azov Sea coast, was one of the first cities to suffer almost complete destruction after the start of the Ukraine War started in late February 2022. We remember the scenes of absolute destruction of the houses and city structures. The deaths of innocent civilians – many of ...
Lindsay Mitchell writes – Ten years ago, I wrote the following in a Listener column: Every year around one in five new-born babies will be reliant on their caregivers benefit by Christmas. This pattern has persisted from at least 1993. For Maori the number jumps to over one in three. ...
Climate change is expected to generate more and more extreme events, delivering a sort of structural shock to inflation that central banks will have to react to as if they were short-term cyclical issues. Photo: Lynn Grieveson / The KākāMy pick of the six newsey things to know from Aotearoa’s ...
It’s a simple deal. We pay taxes in order to finance the social services we want and need. The carnage now occurring across the public sector though, is breaking that contract. Over 3,000 jobs have been lost so far. Many are in crucial areas like Education where the impact of ...
Hi,A friend had their 40th over the weekend and decided to theme it after Curb Your Enthusiasm fashion icon Susie Greene. Captured in my tiny kitchen before I left the house, I ending up evoking a mix of old lesbian and Hillary Clinton — both unintentional.Me vs Hillary ClintonIf you’re ...
This is a re-post from Andrew Dessler at the Climate Brink blogIn 2023, the Earth reached temperature levels unprecedented in modern times. Given that, it’s reasonable to ask: What’s going on? There’s been lots of discussions by scientists about whether this is just the normal progression of global warming or if something ...
The schools are on holiday and the sun is shining in the seaside village and all day long I have been seeing bunches of bikes; Mums, Dads, teens and toddlers chattering, laughing, happy, having a bloody great time together. Cheers, AT, for the bits of lane you’ve added lately around the ...
Today in our National-led authoritarian nightmare: Shane Jones thinks Ministers should be above the law: New Zealand First MP Shane Jones is accusing the Waitangi Tribunal of over-stepping its mandate by subpoenaing a minister for its urgent hearing on the Oranga Tamariki claim. The tribunal is looking into the ...
The Green Party has joined the call for public submissions on the fast-track legislation to be extended after the Ombudsman forced the Government to release the list of organisations invited to apply just hours before submissions close. ...
New Zealand’s good work at reducing climate emissions for three years in a row will be undone by the National government’s lack of ambition and scrapping programmes that were making a difference, Labour Party climate spokesperson Megan Woods said today. ...
More essential jobs could be on the chopping block, this time Ministry of Education staff on the school lunches team are set to find out whether they're in line to lose their jobs. ...
The Government is trying to bring in a law that will allow Ministers to cut corners and kill off native species, Labour environment spokesperson Rachel Brooking said. ...
Cancelling urgently needed new Cook Strait ferries and hiking the cost of public transport for many Kiwis so that National can announce the prospect of another tunnel for Wellington is not making good choices, Labour Transport Spokesperson Tangi Utikere said. ...
A laundry list of additional costs for Tāmaki Makarau Auckland shows the Minister for the city is not delivering for the people who live there, says Labour Auckland Issues spokesperson Shanan Halbert. ...
The Green Party has today launched a step-by-step guide to help New Zealanders make their voice heard on the Government’s democracy dodging and anti-environment fast track legislation. ...
The National Government’s proposed changes to the Residential Tenancies Act will mean tenants can be turfed from their homes by landlords with little notice, Labour housing spokesperson Kieran McAnulty said. ...
Green Party co-leader Marama Davidson is calling on all parties to support a common-sense change that’s great for the planet and great for consumers after her member’s bill was drawn from the ballot today. ...
A significant milestone has been reached in the fight to strike an anti-Pasifika and unfair law from the country’s books after Teanau Tuiono’s members’ bill passed its first reading. ...
New Zealand has today missed the opportunity to uphold the right to a clean, healthy, and sustainable environment, says James Shaw after his member’s bill was voted down in its first reading. ...
Today’s advice from the Climate Change Commission paints a sobering reality of the challenge we face in combating climate change, especially in light of recent Government policy announcements. ...
Minister for Disability Issues Penny Simmonds appears to have delayed a report back to Cabinet on the progress New Zealand is making against international obligations for disabled New Zealanders. ...
The Government’s newly announced review of methane emissions reduction targets hints at its desire to delay Aotearoa New Zealand’s urgent transition to a climate safe future, the Green Party said. ...
The Government must commit to the Maitai School building project for students with high and complex needs, to ensure disabled students from the top of the South Island have somewhere to learn. ...
Mental Health Minister Matt Doocey and his Government colleagues have made a meal of their mental health commitments, showing how flimsy their efforts to champion the issue truly are, says Labour Mental Health spokesperson Ingrid Leary. ...
Māori are yet to see anything from this Government except cuts, reversals and taking our people backwards, Māori Development spokesperson Willie Jackson said. ...
The Coalition Government’s refusal to commit to ongoing funding for social housing is seeing the sector pull back on developments and families watch their dreams of securing a home fade away, says Labour Housing spokesperson Kieran McAnulty. ...
Prime Minister Christopher Luxon has completed a successful trip to Singapore, Thailand and the Philippines, deepening relationships and capitalising on opportunities. Mr Luxon was accompanied by a business delegation and says the choice of countries represents the priority the New Zealand Government places on South East Asia, and our relationships in ...
New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...
The Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...
Attorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...
Education Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa. The summit is co-hosted ...
A stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...
Foreign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul. “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...
Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr. The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners. “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
Prime 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 ...
RMA 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 ...
Today’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 ...
Refreshed 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 ...
Oceans 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 ...
Associate 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 ...
The 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, ...
Changes 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 ...
Trade, 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 ...
Prime 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 ...
Prime 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 ...
Foreign 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 ...
Finance 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 ...
The 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 ...
State 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 ...
Prime 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 ...
Hundreds 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 ...
Health 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 ...
The 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 ...
New 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 ...
Prime 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 ...
Associate 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 ...
New 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 ...
April 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 ...
Headline: The moment of friction. – 36th Parallel Assessments In strategic studies “friction” is a term that it is used to describe the moment when military action encounters adversary resistance. “Friction” is one of four (along with an unofficial fifth) “F’s” in military strategy, which includes force (kinetic mass), ...
The Fast-track Bill, if passed, would allow three Ministers, unchallenged and unchecked, to approve the immediate extraction and exhaustion of one-off resources. ...
Source: The Conversation (Au and NZ) – By Stephen Duckett, Honorary Enterprise Professor, School of Population and Global Health, and Department of General Practice and Primary Care, The University of Melbourne iamharin/Shutterstock For many people, the term “bulk billed” refers to a GP visit they don’t have to pay ...
Emmas Hislop, Sidnam and Wehipeihana discuss what’s in a name. Emma Sidnam: Hello Emmas! Thank you so much for agreeing to do this with me. My first question for you is related to what’s been on my mind for a while. It’s very important. You see we’ve recently had some ...
Source: The Conversation (Au and NZ) – By Michael Sievers, Research Fellow, Global Wetlands Project, Australia Rivers Institute, Griffith University Chris Brown Humans love the coast. But we love it to death, so much so we’ve destroyed valuable coastal habitat – in the case of some types of habitat, ...
Josh Thomson on the 80s milk ad jingle he can’t stop singing, the beauty of The Simpsons, why Jersey Shore is as good as Shakespeare and more. For someone who spends a lot of time on our screens, popping up in everything from 7 Days to Taskmaster, Educators to Good ...
In apparent defiance of the Biden administration, the Netanyahu government has now initiated missile strikes against Iran. Last Saturday night (Sunday morning in New Zealand) Iran launched more than 300 drones, cruise missiles and ballistic missiles against Israeli military targets. With the assistance of US, UK and possibly French forces, ...
Māori representation brings a perspective that encompasses not only the interests of Māori communities but also a broader, holistic approach to environmental stewardship and community well-being, principles deeply embedded in Te Ao Māori (the Māori ...
The summer was wonderful. Evie was wonderful, too; finally a teenager, finally worthy of long, hot days. She shaved her legs for the first time and bought cut-off shorts from the op-shop that made them look long. She got a Warehouse singlet so tight on her new shape that her ...
When Thomas James was on his solo camp as part of Outward Bound, the keen outdoorsman didn’t find it too challenging, as others often do. In what might just be the perfect illustration of his character, he saw it as a great opportunity to solve a few problems. “I thought, ...
This week in Auckland, a group of young people took over the microphone at a ministerial press conference, to explain why they oppose the Fast-Track Approvals Bill. One young woman said, ‘We’re here because we love Aotearoa New Zealand. We want to raise our children in an environment that’s thriving, ...
From the unstable and drippy to the hi-tech and pretty, here’s our ranking of all the tunnels you can drive through in this country. The first tunnel seems to have been built in 2200BC in Babylonia, kicking off a global phenomenon for digging holes in order to get places more ...
Lucinda Bennett on the art of being greedy but resourceful. This is an excerpt from our weekly food newsletter, The Boil Up. When I picture the market, it is always this time of year. Crisp air, dripping nose, counting coins with cold fingers. Sunlight pale, filtered through specks of dew still ...
Zoë Colling’s favourite piece in the ‘That’s So Last Century’ collection is a lubrication chart for a sewing machine from the ’60s. It’s about the size of a postcard, and carefully maintained. “I like it that this piece of ephemera highlights that manual and technical side of the skill involved ...
Kia Ora Gaza A passionate haka reverberated through Auckland International Airport as a medical team of three New Zealand doctors received an emotional farewell from a big crowd of supporters before flying to Turkey to join the international Freedom Flotilla to Gaza. The doctors, who left Auckland yesterday, hope to ...
With submissions closing today, Macassey-Pickard says groups around the country have been supporting a huge range of people to make their submissions. ...
Our response to the new legislation is informed by targeted conversations with practitioners working in the system and through an implementation lens. ...
The new ‘Fast-track Approvals Bill’ would give just three Ministers the power to approve or deny development projects. They would avoid the usual checks and balances that are in place to protect rivers, land, the ocean, and communities. ...
COMMENTARY:By Eugene Doyle Helen Clark, how I miss you. The former New Zealand Prime Minister — the safest pair of hands this country has had in living memory — gave a masterclass on the importance of maintaining an independent foreign policy when she spoke at an AUKUS symposium held ...
The government's released the list of organisations provided with information on how to apply - just hours before public submissions on the bill close. ...
Source: The Conversation (Au and NZ) – By Milton Speer, Visiting Fellow, School of Mathematical and Physical Sciences, University of Technology Sydney Before climate change really got going, eastern Australia’s flash floods tended to concentrate on our coastal regions, east of the Great Dividing Range. But that’s changing. Now ...
Source: The Conversation (Au and NZ) – By Elizabeth Finkel, Vice-Chancellor’s Fellow, La Trobe University Sia Duff / South Australian Museum In February, the South Australian Museum “re-imagined” itself. In the face of rising costs and inadequate government funds, CEO David Gaimster, who took the reins last June, declared ...
Source: The Conversation (Au and NZ) – By Alan Pearce, Professor, School of Allied Heath, Human Services & Sport, La Trobe University, La Trobe University This week, Collingwood AFL player Nathan Murphy announced his retirement, brought on by his concussion history and ongoing issues. The 24-year-old’s seemingly sudden retirement, ...
The Mental Health Foundation provides support and resources for those facing the loss of their job, so it’s wrong in the very week the Government adds another 1000 jobs to its tally of cuts, that this is happening. ...
Source: The Conversation (Au and NZ) – By Alexander Howard, Senior Lecturer, Discipline of English and Writing, University of Sydney Daniel Boud/Sydney Theatre Company Decay, terror, revulsion. These are three of the central themes of Thomas Bernhard’s rarely performed play The President. The Austrian is one of the greatest ...
Prime Minister Christopher Luxon says threats by ministers Shane Jones and David Seymour to reform or close down the Waitangi Tribunal were “ill-considered”, as legal experts say the ministers may have breached Cabinet Manual conventions. “I think those comments are ill-considered and we expect all ministers to actually exercise good ...
Source: The Conversation (Au and NZ) – By Ye In (Jane) Hwang, Postdoctoral Research Associate at School of Population Health, UNSW Sydney Shutterstock You’d be hard pressed to find any aspect of daily life that doesn’t require some form of digital literacy. We need only to look back ten ...
Source: The Conversation (Au and NZ) – By Rob Newton, Professor of Exercise Medicine, Edith Cowan University Pexels/RDNE stock project You’re not in your 20s or 30s anymore and you know regular health checks are important. So you go to your GP. During the appointment they measure your waist. ...
A new poem by Evangeline Riddiford Graham. Mitochondrial Problem I. It was long drive to Kansas for the man and his dog but you have to understand he said She doesn’t fly. Which calls to mind not carsick shitting barking or whining but a dog who chooses not to as ...
The only published and available best-selling indie book chart in New Zealand is the top 10 sales list recorded every week at Unity Books’ stores in High St, Auckland, and Willis St, Wellington.AUCKLAND1 Hemingway’s Goblet by Dermot Ross (Mary Egan Publishing, $38)Hot off the press, this debut ...
Source: The Conversation (Au and NZ) – By Laura Wajnryb McDonald, PhD candidate in Criminology, University of Sydney Less than 24 hours after Ashlee Good was murdered in Bondi Junction, her family released a statement requesting the media take down photographs they had reproduced of Ashlee and her family without ...
Chief executive Shaun Robinson said it has not had any government funding cut, but government-funded contracts have not kept pace with rising costs. ...
The Ministry of Health has delayed the release of its evidence brief on the safety, reversibility and mental health and wellbeing outcomes for puberty blockers. While we wait, Julia de Bres speaks to those with firsthand experience. Best practice gender-affirming healthcare is based on trans people’s self-determination and agency. The ...
Barcelona’s city streets have gone from traffic-clogged to pedestrian-friendly. How? Superblocks. Ellen Rykers explains. This is an excerpt from our weekly environmental newsletter Future Proof. Sign up here. Last week I read a great interview with renowned urbanist Janette Sadik-Khan by The Spinoff’s Wellington editor Joel MacManus: “You can reimagine streets, ...
Student groups ‘Climate Action VUW’, Schools Strike 4 Climate and VUWSA will be on the street in Wellington today, the last day for submissions on the Fast-track Approvals Bill, with a message that the fight against the Government’s ‘War on ...
Source: The Conversation (Au and NZ) – By Sofia Ammassari, Research Fellow, Griffith University Since 2014, Indian Prime Minister Narendra Modi’s popularity has grown exponentially – and so has the formidable organisational machine of his Bharatiya Janata Party (BJP). These two factors will be key to delivering the BJP a ...
Source: The Conversation (Au and NZ) – By Brendon Hyndman, Associate Professor of Education (Adjunct) & Senior Manager (BCE), Charles Sturt University During COVID almost all Australian students and their families experienced online learning. But while schools have long since gone back to in-person teaching, online learning has not gone ...
Yes, they’re better for the environment. No, that’s not a good enough reason for me to use them. Once every 26 days or so, my period arrives, and if struck by an act of God, I am caught red-crotched without products. How, after 17 years of this, do I still ...
“It will cause significant harm to our environment and communities. It is completely at odds with New Zealanders’ relationship with nature and our need for a low-carbon, sustainable economic future." ...
The Chair of the National Maori Authority, Matthew Tukaki, has warned a Parliamentary Select Committee that fast-tracking legislation is a perilous practice that undermines the core tenets of democracy, transparency, and accountability. ...
Source: The Conversation (Au and NZ) – By Tim Tenbensel, Associate Professor, Health Policy, University of Auckland, Waipapa Taumata Rau Getty Images Since coming into power, the coalition government has adopted a simple but shrewd see-how-fast-we-can-move political strategy. However, in the health sector this need for speed entails ...
Source: The Conversation (Au and NZ) – By Anastasia Hronis, Clinical Psychologist, University of Technology Sydney Darya Sannikova/Pexels Whether you’re watching TV, attending a footy game, or eating a meal at your local pub, gambling is hard to escape. Although the rise of gambling is not unique to Australia, ...
Source: The Conversation (Au and NZ) – By Mark Wong, Forrest Fellow, School of Biological Sciences, The University of Western Australia Have you ever wondered if there are more insects out at night than during the day? We set out to answer this question by combing through the scientific ...
Source: The Conversation (Au and NZ) – By Carol T Kulik, Research Professor, University of South Australia IR Stone/Shutterstock In Australia, it’s not the done thing to know – let alone ask – what our colleagues are paid. Yet, it’s easy to see how pay transparency can make pay ...
The Ministry of Business, Innovation and Employment (MBIE) is sounding a warning to migrants, that running foul of the law may see them leaving the country prematurely. ...
The government’s plan to get 50,000 people off jobseeker support by 2030 has had a rocky start, writes Catherine McGregor in this excerpt from The Bulletin, The Spinoff’s morning news round-up. To receive The Bulletin in full each weekday, sign up here. Beneficiary numbers are up – and so are ...
Raglan Roast is a staple of Wellington coffee culture. But with five branches across the capital, which one is the best? I am a die-hard Raglan Roast fan. It’s consistently the most affordable cafe in Wellington, and one of the only places you can get a coffee after 3pm. So, ...
Residents of University of Auckland halls are being urged to withhold their accommodation fees from May 1, in a bid to force the university to take student concerns over rent hikes seriously.The University of Auckland is facing a strike from students over the cost of on-campus accommodation. The Students ...
New Zealand and the Philippines have signed a new maritime security agreement and stated their concerns over activity in the South China Sea, as Chinese vessels continue to flout international law. Prime Minister Christopher Luxon and Philippines President Ferdinand “Bongbong” Marcos committed to signing a Mutual Logistics Supporting Arrangement by ...
The thousands of government “back-office” job cuts are causing widespread pain in the capital city. In today’s episode of The Detail, we speak to three journalists and a think tank researcher, looking at the larger picture around the cuts and what effect it will have on Wellington, a city that’s ...
Opinion: The famed American architect and urban designer Daniel Burnham once said, “Make no little plans. They have no magic to stir men’s blood!” Burnham wouldn’t have been referring to the transport plans in Aotearoa New Zealand over the past five years; projects so big they hadn’t the credibility to ...
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Opinion: With maths understanding at 42 percent for Year 8 students, there’s no doubt something has to be done. But how? The post Financial literacy should be on all of us appeared first on Newsroom. ...
Hineaupounamu ‘Missy’ Nuku has been scaling mountains in Canada for her college basketball team, the Lakeland Rustlers. Alberta is currently home for the 20-year-old point guard, who is in her first year of a scholarship at Lakeland College, where she is studying for a business degree. She has certainly made ...
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.