I'm impressed with the ANZ threatening to essentially disinvest from New Zealand due to the proposed increased capital reserves required by our Reserve Bank.
They will of course be lobbying hard for Westpac, Commonwealth Bank, and BNZ to follow with them. A proper capital strike.
ANZ is 61% owned by US shareholders. Westpac 58% US owned.
Hold tight Mr Orr.
Stay the course Prime Minister Ardern and Minister Robertson.
No one in Wellington would fail to see this as a threat close to that the IMF made in Muldoon's time.
Anyone on The Standard: withdraw your accounts from the ANZ and shift your mortgages to a local bank.
Send them a letter saying that you are doing it and why.
ANZ are now clearly the enemy of this government and its banking regulator and of New Zealand.
A former ANZ manager says staff were sacked for deleting emails from customer files because they didn't want to get bad feedback about their service.
The woman, who does not want to be identified, said human resources was told to call 85 employees into disciplinary meetings and "sack them on the spot".
I've never understood why anyone here would use any of them foreign banks – have felt that way since I first thought about it in the early seventies. I suppose it makes me seem like some kind of nationalist, yet I became internationalist in the sixties.
Anyway, it would be cool if the ANZ robots did vamoose, and the other invaders followed them. Someone would argue that we need foreign capital for investment, so the foreign banks are an essential conduit. My bias is toward resilience as a nation, and dependence on foreigners seems worse than dependence on nanny state.
Anyone who responds to a takeover by deciding to remain in captivity to the takers doesn't deserve much respect, do they? Poor praxis. Switch to a bank that didn't succumb (TSB, Cooperative) if you don't like Kiwibank…
Dunno Dennis, what about telling them your going to change and they give you so much free stuff it becomes not worthwhile changing, so you remain a customer and keep screwing them.
Does that actually happen?? Perhaps in a target market, such as young high-earners with mortgages living high on credit cards. The debt-is-cool syndrome seems to have been killed by the gfc (unless you look at slow learners).
its not difficult to understand….it was well displayed by the the subprime mortgage experience in the US….you change to the Aussie banks because they will advance the funds (perhaps at a better rate) you desire that the NZ owned institutions will not.
I never encountered that problem! Got all my mortgages from ASB before they sold out to Oz, repaid them no problem. Can't see why anyone else is unable to do the same. Never heard of kiwi banks refusing loans to kiwis. Are you suggesting that all our younger generations are so incompetent that our banks don't trust them??
thats an odd take…..theres plenty of anecdotes where kiwibank (and the like ) have declined finance where the Oz banks have obliged…sometimes they both offer but the best deal is from the Aussies…I can think of numerous examples in recent years from friends and family….you must also remember that the big 4 (oz banks) have the bulk of the market by volume ….even if they wanted the NZ banks cannot absorb that risk in the short term
I understand that competition in the market produces under-cutting, and foreign invaders with deep pockets win those battles, but I don't get why American banks, or British etc, don't feature. Too small a market to bother, I suppose.
I guess the Oz capture of our market was an easy local expansion. Perhaps kiwis are unpatriotic in banking because they think `they're all capitalists, so who cares?"
ANZ may well reduce their investment in NZ but it will have little to do with capital requirements or deposit insurance rather it is their exposure to the (esp)Auckland and rural mortgage markets that will drive it…markets they were instrumental in overcooking.
The RBNZ and NZ depositors have no obligation to underwrite the profits of ANZ (or any other) shareholders.
I am not surprised by the banks pushing back. You can't expect the banks to simply accept a doubling of the capital adequacy ratio, without any debate. On the face of it the doubling seems excessive, given that the banks were among the few in the world with no problems during the GFC.
This "view" that they are the enemy of the government simply because they contest the RBNZ governor's view is akin to dictatorship. In a democracy these things are (and should be) contestable. In fact the RBNZ recognises that because they have set up a submissions process. They don't just impose it.
The gist of the explanation in the media at the time (Bernard Hickey et al) was that banks here had been collectively prudent. Which is to say that they had adhered to traditional banking practice, whereas deregulation in the USA had induced a culture shift into competitive gambling via derivatives. That shift even pulled in British & European banks, as exemplified by various bank failures there…
Indeed, Blazer. Clearly Wayne has forgotten how close the banks here came to having a bank run, hence the need (at the time) for the Government guarantee.
I don’t recall any risk of a bank run in NZ in 2009. There was never any suggestion that the Aussie banks were a risk. The “run” was on second tier lenders such as finance companies. A number got a government guarantee, most notably Canterbury Finance.
By that, I meant sure no risk to banks here – here the concern was finance companies.
As for Oz there was no risk to banks, but for a temporaory confidence issue – the government guarantee indicated they saw no risk – because there was none.
Given the escalation of property values and mortgage repayments only affordable while interest rates are low and people retain jobs: there is a growing risk to banks on both sides of the ditch.
Essentially governments have to hold down the OCR so people can afford to own their properties at these values – economic policy has become hostage to these banks. The profits being made on the back of this are of windfall proportions – it is past time to increase the capital reserve ratios.
Billionaire trucking magnate Lindsay Fox, whose family investment fund owned 10 per cent of Bank of Queensland and also had an interest in cash-security firm Armaguard, told Rudd there had been unusually large cash withdrawals and a lack of deposits.
Rudd tells AFR Weekend: "This was big. We feared a run on the banks on the Monday and we knew from our own private contacts around the country there was a massive rush to cash on the Friday and they were fearing lines outside banks."
Across the road from the Brisbane offices of Rudd and Swan that week, an unusual, steady line of Queenslanders queued up at the Suncorp automatic teller machine.
Rudd's office was receiving phone calls from business people and concerned citizens signalling a crisis of confidence was beginning to engulf local banks
Keys arguments are all about the short term outcomes for him and the other employees (executives) not bank stability which is the prime role of the RBNZ.
“And so it was concluded that New Zealand had little choice but to follow suit. As a matter of economics, there probably was little real choice but to follow the Australian lead. But the timing was all about politics. Neither economic nor financial stability would have been jeopardised if we hadn’t had a deposit guarantee scheme announced before the banks opened on Monday morning. We’d have been much better to have taken a bit more time and hashed out some of the details with the Minister in his office in Wellington, not at campaign launches and then, as the day went on, airport lounges (at one point late that afternoon I – who’d talked to the Minister perhaps twice in my life previously – was deputed to ring Dr Cullen and get his approval or some detail or other of the scheme). But I guess it might have left open a brief window in which critics might have suggested that New Zealand politicians were doing less for their citizens and their economy than their Australian counterparts.”
I don't think they did get a government guarantee – isn't that the time when it was emphasised that if a bank did get into difficulties, then after reserves had been used, there would be a 'haircut' of a percentage of deposits before government stepped in. I may be wrong but I also thought there was a charge to government by the banks for that limited guarantee. The possibility of losing part of your money from a bank deposit was a surprise to many, and not surprisingly does not appear to be widely advertised by the banks. I believe that there was assistance given to banks at the time of the gfc – Bill English went oversees shortly after being elected telling potential lenders to the government how strong a financial position they had inherited from the previous government – some of the government borrowing at that time was to lend to banks (including I think the ANZ) because they were having difficulties borrowing . . .
If all banks have the same calculation of required capital, that may affect the margin they need to keep up their return on capital – and in New Zealand at least there are no effective competitors; our Finance industry has largely disappeared – due to not having held enough capital for tough times . . .
Talking about government regulation is possibly more palatable than talking about executive benefits though.
"I don't think they did get a government guarantee – isn't that the time when it was emphasised that if a bank did get into difficulties, then after reserves had been used, there would be a 'haircut' of a percentage of deposits before government stepped in. I may be wrong"
You are wrong. It was a full guarantee. It was necessary because the Australian Government was about too announce a guarantee of the banks in Australia that would not apply to New Zealand deposits in the bank subsidiaries in New Zealand. The "run" would not have been away from the bank itself. It would most probably have been from the subsidiary in New Zealand to the home bank in Australia. It would have been the only rational thing for a New Zealand depositor to do as the outflow of money from the New Zealand bank would have put their liquidity at risk.
They should never have included the likes of SCF in the scheme. What Cullen was thinking of is still hard to understand, or forgive.
Banks are not institutions there for the public good Wayne. They are privately owned corporations there to maximise the return to their shareholders. No more, no less.
As a result, if they doo not like the requirements of their existence in this country, then they know where the door is.
So you are saying the banks have no rights, that they can't even debate an issue central to their existence.
Of course New Zealand could run the economy as you suggest. Just impose whatever rules we like. But as most countries who have tried that option have found out, there are consequences.
That is why the RBNZ actually has a submission process, which is more than just window dressing.
If the Aussie banks (actually they all have New Zealand shareholders and are listed on the NZX) simply decamped, how do you think the NZ economy would look like the day after?
sounds like you like the banks there wayne surprise surprise – maximise profit that is what a bank is and does – even an ex cabinet minister knows that surely.
What other industry gets to choose the terms of their regulatory existence Wayne?
And not only that, when you look at recent history, the ANZ does not exactly fill people with confidence that they are there for them. Despite two ‘junior staffers’ raising the alarm over Hisco’s expenses, nothing happened and the ANZ hasn’t exactly covered itself in glory with the Royal Commission into Banking in Australia either.
They will use the system to their own benefit as far as they can push it.
ANZ does what the fuck it wants, and customers vote with their feet.
I see no reason why anyone should entrust a bank with their hard earned money if that bank will not guarantee that it is actually able of refunding these deposits.
And that is the crux of the matter right dear Wayne, it is not the banks money that they want to gamble with.
as for ANZ decamping, guess what, other banks – that have no issue with regulations and rules – will pick up that business that ANZ does not want.
That where your wrong Sabine but saying that most people think the same Your deposit legally is simply a claim or a debt on the bank and you are a creditor, what the bank does with that money is the banks call, its now the banks money In essence your just a creditor to the bank secured as much by capital holding requirements and deposit insurance It is totally warranted a bank has it’s say on capital requirements if it’s whole business is based on return on capital
There isn't a debate. If AD's summary is largely correct, ANZ is suggesting it might take the option of turning its back on NZ profits if their capital reserves are required to go too high.
I'm sure RBNZ will factor that into their reserves of fucks to give.
ANZ pulling out would give more opportunity to other banks to grow, including the local banks.
Well, if you had a system that simply imposed rules and laws without any submission process, that would be akin to dictatorship.
Which is why New Zealand doesn't run that way. All our laws and regulatory processes have extensive submission processes for those affected and for the public. It is a basic hallmark of democracy.
Legal people. Inorganic. And like the book & doco explained back in '03/04, psychopathic in accord with diagnostic practice.
Remedy: corporate charters that require consideration of the effects of corporate decisions on all affected stakeholders, and laws that enforce accountability on execs.
" All our laws and regulatory processes have extensive submission processes for those affected and for the public. It is a basic hallmark of democracy. "
Please explain the indecent use of urgency that occurred during nationals term in office.
Urgency is basically extended hours. Not like the system that used to exist in the 1980’s and 1990’s. These days all bills go through a select committee process with public submissions. The exception is tax bills. Governments (both National and Labour) tend to pass these in one sitting.
The only thing "akin to a dictatorship" here is ANZ – both in its internal structure of hierarchical authority and in its attempt to dictate to a democratically elected government. Any rights we give to private dictatorships should be contingent on them acting in ways that serve the public good. Once they cease to do that and focus predominantly on their own private good, we don't need to be excessively attentive to their rights.
Ultimately we need to democratise all centres of economic and political power – which means entities such as the ANZ wouldn't exist in the same way as they do now.
Did not see conversation last week but I recall that most shares are bought through a limited number of big global institutions including US-based ones. Does not mean the ultimate shareholders are American, or even not Australian. Just means the system is un-transparent.
"Anyone on The Standard: withdraw your accounts from the ANZ and shift your mortgages to a local bank. "
Which one would you suggest? KiwiBank are saying that they may not survive if the new regulations are implemented as they won't be able to raise the new capital required. Their shareholders seem to be of the view that there is likely to be no economic return from any more investment.
I don't think they are going to be a very good bank to shift to in the new climate of RBNZ policies if that is the case.
Of course I know more about it than people who run the bank.
The GFC,I saw it coming.
The reality is the big banks rely on a tacit Govt Guarantee,the 'too big to fail' argument.
You saw the attempts of the National party when in power to undermine KB,Kiwisaver,the Cullen Fund..and the rewards for doing so are glaringly ..obvious.
I like my co-operative bank. Seriously i ditched ANZ a few years ago after some really fucked up customer service on their part and many emails/phonecalls and call in person to a branch. I have not missed it, i have no issue doing my banking, paying my bills and serving my mortgage.
so yeah, there really is no reason to stay with a bank that despises its customers and only views them as dairy cows to be milked while the going is good and dropped when the going gets tough.
Yes I had a similar situation with the ANZ. They didn't care about me, and I certainly don't need them; there are plenty of other money-fakirs where they came from, and the newer kiwi banks from building societies have a good grasp on the system and offer courteous and quick service, very helpful. https://www.sbsbank.co.nz/about-us/sbs-bank/history
Was Southland Building Society.
Banking day-to-day, TSB all the way – they routinely top the customer satisfaction rankings and have a decent-sized local branch offering foreign currency and other services. The Co-operative Bank is good too – have one investment account with them, and an under-used current account. No need to use foreign-owned banks.
Disclaimer: I don’t work for TSB or The Co-operative Bank, but do recommend these banks to friends.
I am pretty sure that the TSB is the only Kiwi bank that is separate from using some of the services of the big commercial banks. I think that Kiwibank uses Westpac as 'collecting'? bank.
Bank customer surveys/polls are at odds with Infused's "dog shit" 'evaluation', although to be fair those surveys don't include “dog shit" on their ranking scale.
ANZ CEO Hisco (what was his 'exit' package again?) should have been be dog tucker, but corruption is the new normal under Sir John 'Haven' Key’s ‘watch’.
Yes, something surely stinks, but it’s not “dog shit“.
They’re all shit: horseshit, bullshit, bird shit, chicken shit, stir shit. But ANZ is the worst shit of all and thick as bat shit; Sir John would know as he’s some kind of connoisseur of bat shit.
So why wasn't Cally-Jo at least given a motel room? Instead, she slipped through the cracks when standing in front of the people who should have helped, and she was holding a newborn baby.
Surely that lacks compassion – it lacks basic common sense. Why did this happen?
No shit?! You mean the guy is so powerful even out of govt that he can stop a govt department doing what it's supposed to do? Wow, folks will be impressed…
But the Nats and their friends in the media – I'm thinking Garner particularly – are attempting to cleanse the previous government's record on the erosion of social services and pretend that inherited social issues are something which mysteriously 'just were'.
This allows them to apply current negative headlines on social issues to the Labour government and accuse them of inaction, false promises, etc.
I haven't actually seen what the Nats propose to do on housing and social spending at all, have you? It’s a policy desert out there.
The current government has continued to make owning a rental property less desirable. In a country where renting is trending upward, without exception the many property managers I regularly speak with have had shrinking portfolios for 3 years. Over the past 3 months 4000 people required emergency housing, double the figure of 12 months ago.
This situation is a runaway train well on it's way to a washed out bridge. 'It's National's fault' is the response of empty, unimaginative, water treading time wasters.
What's the Action Plan Labour? Blame National? How many Cally Jo's will that house?
I guess those earthquakes we had in Christchurch several years ago were John Keys fault too! Lets hope the All Blacks win the world cup else poor old JK will get the blame for that too.
but a lot of the shit that people in christchurch had to endure was due to the willful incompetence of the then government.
Poor old JK, poor old JK had a choice to make in the years that he was PM, run a decent government for all, or raise GST on those that have to pay it – the end consumer, drop taxes on those that don't need it, sell every asset that was not nailed and glued to the wall, and allow for hte wholesale of NZ to the highest overseas bidder in order to advance his own little career.
Poor old JK, had a choice to be a prime minister, and instead he choose to pull ponytails, run bad soap jokes on the radio, cut the widowers benefit, cut study allowances for beneficiaries, and settled homeless people with tens of thousands of dollars of in debt for 'emergency housing' to the tune of 2000$ per week in a fucking motel – for this price they could have rented a proper house for homeless.
so keep your poor old jk to yourself, cause there is nothing that will make that man ever a decent human being, and his legacy to NZ is a squandered 26 million for the Laser Kiwi Flag (i would have loved that one!), children and families living in vans near football fields that have open toilets.
All blacks will play as good or as bad as they always do, other teams will do the same, and if JK is given half a chance he will crawl up the arse of that male blond knicker model who also played ball and pretend to me a man of the people.
a scum on the run – you cannot hide the truth martin – you are tainted and will never be clean.
The European far-right activist given money by the man accused of the Christchurch mosque killings has attempted to share it with victims of the attack.
Austrian Martin Sellner was sent $2500 last year by the accused gunman, who was then living in Australia. Fifty-one people were killed and dozens injured in the March attacks.
Victim Support said on Monday it has received a donation of $1242 from "a donor identified as Martin Sellner from a Gmail account.
A spokeswoman said Victim Support "does not believe it would be appropriate for us to receive this payment" and it would be returned to the donor or donated elsewhere.
The tribunal, backed by evidence and consensus from witnesses, determined institutional racism and individual racism exists in the health system.
The tribunal concluded both forms of racism were impacting on Māori health.
"The severity and persistence of health inequity Māori continue to experience indicates the health system is institutionally racist, and that this, including the personal racism and stereotyping that occurs in the primary care sector, particularly impacts on Māori.
"We accept that institutional racism is a determinant of health and wellbeing."
Director General of Health Dr Ashley Bloomfield agreed. "We have now some quite good evidence that racism at a range of levels does determine access, experience and outcomes in the healthcare system," said Bloomfield.
We know this or those of us interested know it. We must front up before it can be fixed but often I feel like Tariana
"Former Associate Health Minister Dame Tariana Turia sat through some of the inquiry. She is the chair of the National Hauora Coalition, one of the two main claimants.
"I got to the point I wanted to break down and bloody sob," said Turia. "I suppose I should just be grateful I haven't got much longer to live and put up with it. I want something better for my moko (grandchildren) and kids, and for our people.""
if ethnic groups are higher risk and they require information delivered a certain way to get cut-through/buy in or whatever – if your specialist isn't of that ethnic group or can't for whatever reason deliver to that higher risk group in the way that they can hear – who is supposed to change. Yes the majority rules and that means great swathes of people who aren't the majority could miss out. That seems to be the evidence – the report shows it is as much racism as anything.
It is well-established by now that the biggest influences on health outcomes (about 70%) are beyond the health sector – mainly poverty, social capital, etc. Too easy for us to say it's about people not looking after themselves.
Al Gore gets talked about a lot due to his championing the environment.
Jerry Brown was talking to Kathryn on 9toNoon this a.m. and he is also well versed in the problems and solutions through being in California which was an early adopter of change, and so able to take on board the size of the problem that we are still grappling with and trying to wriggle away from.
Gabby, the only "saddy" here is the one who called you that. Not worth considering or replying to, imo. His ‘comments’ above (if you can even call them that) say much more about him than about you.
Nice – so a post about health deficiencies and racism for Māori in our system where gabby says get off the p to help and I'm the bad one for calling them saddy?
good to know what side of the fence you are on, thanks for clarifying
Cool story, eh? Transcontinental trip to munch on lemmings. Good to see they provided a satellite's view tracking the trip so you can see its digressions & speed on the ice. Must be a food instinct motivating it (rather than a random trajectory).
The Southland environmental concerns are advancing. I got this message.
As you may be aware two motions on the topic will be debated at our meeting on 3 July 2019. The first motion is, ‘That the Council declares a Climate emergency’.
The second motion is ‘Environment Southland acknowledges that climate change is an important issue which we have to engage with. The Council commits to applying best practice and best science to its responsibilities and accords urgency to developing an action plan’. Please see our agenda.
As someone concerned about climate change you may be interested in a recently released report that was commissioned by all four Southland councils, Regional Climate Change Impact Assessment by the National Institute of Water and Atmosphere (NIWA), which is available on our website.
So tomorrow. If anyone wants to give encouragement now is the time.
Was anyone else having an attack of the deja vus this morning as the PM explained how intense negotiations managed to persuade that philanthropic organisation Amazon to film the LOTR telly series here in New Zealand?
There were many, many interesting and challenging posts here on TS back then about the nefarious goings on in this sector….where are those commenters now?
Sadly, Rosemary, I have to say yes to an attack of deja vu. And yes, I was one of the commenters last round.
I live in South Wellington and knew a lot of people who were involved in the last round of the LOTR etc films saga – meaning people who were actually involved in the making of the films. These included quite a few NZers* who worked in the industry or benefitted from the making of the films by providing support services such as catering, renting out property etc.
But as well as NZers, there were many, many film industry people* from overseas who moved here 'for the duration' of from months to some years – taking up rental properties in the south and eastern suburbs of Wellington, educating their children in our local schools etc. This in turn provided some peripheral employment such as child care etc.but usually of a low wage nature.
However, the situation now is very different. Rental property in these suburbs (which range for poor to well heeled) is now extremely hard to get and rental prices have gone through the roof, leaving low income families, beneficiaries, students etc out in the cold, couch surfing, doubling up, many families etc, in crowded accommodation etc. AirB& B is partially responsible but just plain old scarcity of property is the problem. In my suburb, many people are turning garages into accommodation for family, or to make money out of AirB&B, and other forms of rental with question marks over resource consents, meeting sanitary codes etc.
I am not sure whether the Amazon venture will be based in Wellington, but it would seem likely that the facilities at Weka etc will probably be used. If these south/east Wellington suburbs (or any part of Wellington for that matter) are faced with the influx that we experienced during the LOTR film years then things are likely to get to even worse … I am not sure that these factors/ consequences have even been considered in making these decisions to continue to push the film industry here.
I have now reread the RNZ link and Queenstown is expected to feature in the venture. Considering their current accommodation crisis …madness????
* While there were certainly a portion of high paid film people involved in the LOTR etc film projects, ( eg actors, directors, producers, etc) many/most of the people employed were not high paid at all – whether NZers or from overseas.
Thank you vw for your full and considered response. I'm a bit of a looker -backer, (must be an age thing) and am increasingly finding today's hot topics uncomfortably familiar. So I go back and have a read what was being said back then by 'this side' about how the 'other side' managed this issue of putting butter on the paws of film companies….and I damn near choke on the irony.
I guess this is politics and the reality is (the PM did not to my recollection utter those words this morning…please don't tell me if she did or I'll be tempted to abandon all hope) that this is how the game is played.
Sadly, it will take a stronger government than this to turn this around so more benefit from these ventures.
The accommodation aspect had not occurred to me….and of course you're right. Where are these folks going to stay?
Being a more often than not house bus dweller, my first reaction would be for these visitors to rent some of the vast fleet of motorhomes we have in NZ. Not only from the rental companies, but there are a couple of outfits that facilitate private motorhome owners to rent their vans out. (Not us, under any circumstances.)
Of course Queenstown is on the list of places where campers are simply not welcome….
I suppose there are a couple of those unwanted Kiwibuild houses free….
I'm in this industry and accomodation will be a problem in Queenstown for the periods they will be shooting there. That's because there'll be a high proportion of non-locals involved.
Productions do make decisions based on things like the availability of accommodation. But it wouldn't be beyond them with a budget of this size to set up a temporary town!
Not so much in Auckland where most of the crew, production and extras will be local apart from a few heavyweights up from Wellington.
Of the main criteria overseas productions consider:
New Zealand has a permanent advantage with shooting locations and particularly the variety of different and untouched landscapes in close proximity.
There's a temporary advantage with the incentive scheme and to a lesser extend the exchange rate. Also, our crews are good and cheap (weak worker representation).
Where we fail is, as always, infrastructure. Studio space is awful, most productions having to use commercial warehouse space rather than proper sound studios which are few and far between. No one want to take the risk although that might be changing.
Lastly, American producers love to be on set, and NZ is a long way from anywhere. Canada is much closer and Europe is exciting and they can take their families. We can't do much about that, though.
In short, NZ landscapes and money is what swung this epic production here. Hopefully I can get a decent piece of it.
One more thing to consider is how long will actual outdoor landscapes be required in film-making…
We're probably heading for a huge overshoot in residential accomodation in Queenstown. Too much development that's got a long way ahead of the local economy's ability to support. By the time this gets up and running all the builder's toys will be for sale on the road side, and To Let signs will be everywhere.
A lot of the new lower end hotels have been built to be easily adapted to worker accomodation as well, so the shift in tourism away from low yield markets could easily be taken up by a couple of film projects.
The tricky bit in Queenstown is where it's all based, most of the likely sites have been turned into housing. Although they could displace all the rental cars around Frankton (there's about 3Ha of them) but that's all next to the airport so difficult for a soundstage.
Oops, missed that bit – will blame that on massive head cold, not age! Also now noticed that the article also talks about building studios in Queenstown. Perhaps in a perverse way it could end up being a plus for the accommodation crisis there if as part of the agreement to build studios they had to provide an accommodation town as suggested by Muttonbird – but a permanent one, rather than a temporary one.
Empathy on the head cold but mine is in its easing stages. Just wait for Shane Jones and his provincial slush fund to swoop in and subsidise productions by underwriting both studio and workers' housing in that impoverished region.
Al Gore gets talked about a lot due to his championing the environment.
Jerry Brown was talking to Kathryn on 9toNoon this a.m. and he is also well versed in the problems and solutions through being in California which was an early adopter of change, and so able to take on board the size of the problem that we are still grappling with and trying to wriggle away from.
Surely the right wingnut as Americans like to say will be voting for Trump again
Those voters who believed Trump's campaign talk about bringing back the troops , diminishing the military spend and using the money for repairing run down American infrastructure, and voted accordingly , could very well be interested in Gabbard.
These are the voters disappointed by Trump, and not necessarily right wing, unless anti imperialism passes for right wing in your circles
Those voters sucked in by the Fifth Avenue Fraud's talk about bringing home the troops, diminishing military spend and putting the money towards infrastructure showed a remarkable capacity for hearing only what they wanted to hear and ignoring the massive red flags thrown up by King Con's other talk. So yeah, they may indeed be suckered again by a few bait words from Gabbard and ignore the ugly realities of her total position which includes being pro-droning, surgical strikes, and cool with torture.
But look at the names mentioned in the Buzzfeed article (and links within) that are enthusiastic about Gabbard. You don't reckon Tucker Carlson, David Duke, Ann Coulter, Matt Drudge, Mike Cernovich, Steve Bannon, Richard Spencer et al are right-wing?
Shouldn't be too hard on themselves going into 3 days to get things sorted that part of the world, look at Brexit for a comparision, even here it took a while longer to sort out the coalition govt.
Would have thought the approach would be having sorted a majority block that agrees as one that a clear signal should be sent to the populace in the picks, that a progressive step has been taken by the EU in response to the changed vote direction & preliminary bounds for what those might entail. Then that block by majority decides the best candidates that can combine that with the practicalities of the tasks. Then you have the unanimous confirmatory vote.
The old cart before the horse problem of politics is universal though.
Gordon Campbell on how the Americans are helping us realise the scale of the Operation Burnham fiasco.
Purely in terms of natural justice, it seems bizarrely unfair that the NZDF is feeding evidence to the inquiry heads that it is simultaneously denying to the legal teams representing the co-authors and the villagers. That is the definition of a whitewash, and whitewash jobs shouldn’t have to cost $7 million.
Apart from the excellent Paula Penfold, our television "reporters" rarely mention it, and our radio stations are virtually silent. Maybe one of these days Annie Goldson will do another of her Afghanistan-based documentaries on it….
Being considerate. National & Labour have supported plastic since it appeared here in the early 1950s. It's only fair, then, to give them the opportunity to switch from supporting plastic pollution to eliminating it. So the Greens are standing back to watch the Nat/Labs fall over themselves competing to be first to solve the problem. Courtesy in politics is a timely radical move, eh?
"She's already laughing at him!" That halfwit Ben Shapiro being owned back in 2011
A couple of days ago, some fool on this mostly excellent forum claimed that Shapiro "is no idiot or racist." Just watch this and see if you think he's anything other than a sad, deluded idiot….
Idiot ideologue goes after Bert and Ernie, Big Bird, and their dangerous ilk.
Long before Andrew Neil pulled his wings off, Ben Shapiro had been thoroughly humiliated by Connie Martinson and, in this disastrous appearance, by Thom Hartmann…..
This bloke is especially egregious, because he seems to think he's an intellectual. He's not anything of the sort—as his embarrasing interviews with Connie Martinson, Thom Hartmann, and Andrew Neil show, he lacks the wherewithal to defend his outrageous statements with any semblance of coherent argument.
Shapiro is the American equivalent of Mike Hosking: he's pushy, self-involved, unembarrassable, and overwhelms weaker souls by talking non-stop and very quickly.
On the nail Morrissey – I listened for a while to this Shapiro guy – just as you describe. Unpleasant and obsessed with his own opinion to the point of mania.
Its good to see that our scientists have shown their concern on human caused climate change
More than 50 of New Zealand's top scientists call on Government to declare climate emergency
More than 50 of New Zealand's top scientists are calling for a declaration of a national climate emergency.
Some 52 signatories are current and former winners of the prestigious Rutherford Discovery Fellowship, an $800,000 grant given to 10 researchers each year to help retain and develop New Zealand's top scientific minds.
Quentin Atkinson, a professor at the University of Auckland, said scientists needed to be more vocal and urgent in pushing for change climate change ka kite ano link below.
Did you notice that the stuff ups in railway in Auckland stopped after Eco Maori pointed out the shit I no it a bit hard for you people living in your glass houses to believe but the rednecks will do anything to cheat a win didn't you see the links to national in that group. trump is empowering them in many ways
The correction of house prices is good for KIWIs first home buyers.
The business servaye is running by business who back national just more manipulation by them.
Why did nike put that flag on there new shoes good job for the damage to the brand for putting a flag on there shoes that support the old slave trade in America.
Tuwharetua will not have been happy about all that waste water going into the taonga Taupo.
It's great that Tuwharetua IWI is working with Oranga tamariki to fix their troubled tamariki whanau.
Te puni kokiri is going back to focus on Maori wellbeing .
Its good to see Maori rising in our new government ka pai.
Tangata Whenua O Aotearoa being discriminated against because of their ta moko people have respect each other come on get on we have a beautiful country.
Lagarde was somewhat of a surprising choice to lead the ECB, having previously said she wasn't interested in any of the senior eurozone roles, including the ECB presidency. She would also be, not just the first woman to head the ECB, but the first non-economist and the first without any central banking experience
Once German defence minister, Ursula von der Leyen won the coveted presidency of the European Commission, however, the next most senior position available, the ECB presidency, was always going to be nominated by the other major European power, France.
Lagarde, a former French finance minister widely respected for her eight-year leadership of the IMF, was sponsored by French President Emmanuel ka kite ano link below.
Good story George Monbiot that is exactly how I see OUR Papatuanuku people's reality being manipulated by the billionaires money to suit their greedy goals of being untouchable. Ma te wa time are changing now .
After urging land reform I now know the brute power of our billionaire press
A report I helped publish has led to attacks and flat-out falsehoods in the rightwing media. It’s clear whose interests they serve
All billionaires want the same thing – a world that works for them. For many, this means a world in which they are scarcely taxed and scarcely regulated; where labour is cheap and the planet can be used as a dustbin; where they can flit between tax havens and secrecy regimes, using the Earth’s surface as a speculative gaming board, extracting profits and dumping costs. The world that works for them works against us.
So how, in nominal democracies, do they get what they want? They fund political parties and lobby groups, set up fake grassroots (Astroturf) campaigns and finance social media ads. But above all, they buy newspapers and television stations. The widespread hope and expectation a few years ago was that, in the internet age, news controlled by billionaires would be replaced by news controlled by the people: social media would break their grip. But social media is instead dominated by stories the billionaire press generates. As their crucial role in promoting Nigel Farage, Brexit and Boris Johnson suggests, the newspapers are as powerful as ever.
They use this power not only to promote the billionaires’ favoured people and ideas, but also to shut down change before it happens. They deploy their attack dogs to take down anyone who challenges the programme. It is one thing to know this. It is another to experience it. A month ago I and six others published a report commissioned by the Labour party called Land for the Many. It proposed a set of policies that would be of immense benefit to the great majority of Britain’s people: ensuring that everyone has a good, affordable home; improving public amenities; shifting tax from ordinary people towards the immensely rich; protecting the living world; and enhancing public control over the decisions that affect our lives. We showed how the billionaires and other oligarchs ka kite ano link below.
Its good that the rapid fire human killing guns are being taken off the streets.
Auckland is in a water shortage the people didn't take heed on conserving water they need a get the massage across with the media about the driest last 3 months in years.
That American Judge is discriminatory against the poor common people lettings a boy off serious charges because he is rich .?????
The microplasm bovine virus issue got blown out of the hemisphere because national tried to hide it swept it under the carpet the virus just kept on spreading.
I do think that our government needs to set up a climate change ministry to help people mitigate climate change issues.
Its cool that Oranga Rehua Marae program is getting a funding boost to help repair the damage caused by the Christchurch earthquake.
The Tuia 250 years since Captain Cook arrived celebration will or can be used as a tool to increase tangata whenua O Aotearoa mana wairua if we use it wisely.
Awesome to see te tamariki kapa haka going strong in Whakatane.
Ka pai to the tamariki of Ruatoki for their win in the kapa haka competition.
Mana Wahine gathering that is cool most Maori Wahine have great roles in our society' men just need to Show them the respect they deserve for gifting us Pepi.
Whanau more evidence that climate change is our reality .We have to stop burning carbon to protect our decendince mokopuna futures.
Giant heat dome over Alaska
All-time heat records are at risk in Alaska in the coming days as a massive and abnormally intense area of high pressure locks in and strengthens over the US region.
This heat dome is expected to produce temperatures near and above the highest values ever recorded for multiple days, particularly in southern parts of the state. It's the latest in a slew of record-shattering heat events in Alaska
Anchorage is predicted to match or best its highest-temperature ever recorded of 30 degrees Celsius (set in 1969) on five straight days between July 4 and 8. It could even flirt with 32C.
The US National Weather Service in Anchorage wrote that most of southern Alaska will be "downright hot with many locations in the 80s (high 20s) and even low 90s (low 30s)."
Activists say comments by Opec head prove world opinion is turning against fossil fuels
Greta Thunberg and other climate activists have said it is a badge of honour that the head of the world’s most powerful oil cartel believes their campaign may be the “greatest threat” to the fossil fuel industry.
The criticism of striking students by the trillion-dollar Organization of the Petroleum Exporting Countries (Opec) highlights the growing reputational concerns of oil companies as public protests intensify along with extreme weather
Mohammed Barkindo, the secretary general of Opec, said there was a growing mass mobilisation of world opinion against oil, which was “beginning to … dictate policies and corporate decisions, including investment in clean energy.
He said the pressure was also being felt within the families of Opec officials because their own children “are asking us about their future because … they see their peers on the streets campaigning against Ka kite ano link below.
Mana Wahine its good to see more Wahine on the Papatuanuku stage with power. Kia kaha the men are making a big mess of our Papatuanuku at the minute.
When it comes to global leadership trends, men with the big egos appear to be back; Donald Trump, Vladimir Putin and Brazil’s Jair Bolsonaro to name a few.
But despite the trend, there’s also been moves to foster a more feminist approach to foreign policy
Lyric Thompson, director of policy and advocacy at the International Centre for Research on Women in Washington DC, says a feminist foreign policy is for all, the concept reflects that for the most part, foreign policy has been designed to reinforce the largely male-dominated and patriarchal structures in the global economy today.
“…it’s not saying only look at women, it’s saying look at the power structures that are expressed in a way that we organise everything from defence to trade to diplomacy and think about ways that we can restructure practice that enables a more equitable approach that is inclusive of folks that have historically been marginalised, including but not limiting to women
The new Victoria University Vice-Chancellor decided to have a forum at the university about free speech and academic freedom as it is obviously a topical issue, and the Government is looking at legislating some carrots or sticks for universities to uphold their obligations under the Education and Training Act. They ...
Do you remember when Melania Trump got caught out using a speech that sounded awfully like one Michelle Obama had given? Uncannily so.Well it turns out that Abraham Lincoln is to Winston Peters as Michelle was to Melania. With the ANZAC speech Uncle Winston gave at Gallipoli having much in ...
She was born 25 years ago today in North Shore hospital. Her eyes were closed tightly shut, her mouth was silently moving. The whole theatre was all quiet intensity as they marked her a 2 on the APGAR test. A one-minute eternity later, she was an 8. The universe was ...
Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by Sue Bin Park in collaboration with members from our Skeptical Science team. You can submit claims you think need checking via the tipline. Is Antarctica gaining land ice? ...
Images of US students (and others) protesting and setting up tent cities on US university campuses have been broadcast world wide and clearly demonstrate the growing rifts in US society caused by US policy toward Israel and Israel’s prosecution of … Continue reading → ...
Barrie Saunders writes – Dear Paul As the new Minister of Media and Communications, you will be inundated with heaps of free advice and special pleading, all in the national interest of course. For what it’s worth here is my assessment: Traditional broadcasting free to air content through ...
Many criticisms are being made of the Government’s Fast Track Approvals Bill, including by this writer. But as with everything in politics, every story has two sides, and both deserve attention. It’s important to understand what the Government is trying to achieve and its arguments for such a bold reform. ...
Peter Dunne writes – The great nineteenth British Prime Minister, William Gladstone, once observed that “the first essential for a Prime Minister is to be a good butcher.” When a later British Prime Minister, Harold Macmillan, sacked a third of his Cabinet in July 1962, in what became ...
Ele Ludemann writes – New Zealanders had the OECD’s second highest tax increase last year: New Zealanders faced the second-biggest tax raises in the developed world last year, the Organisation for Economic Cooperation and Development (OECD) says. The intergovernmental agency said the average change in personal income tax ...
We all know something’s not right with our elections. The spread of misinformation, people being targeted with soundbites and emotional triggers that ignore the facts, even the truth, and influence their votes.The use of technology to produce deep fakes. How can you tell if something is real or not? Can ...
This video includes conclusions of the creator climate scientist Dr. Simon Clark. It is presented to our readers as an informed perspective. Please see video description for references (if any). This year you will be lied to! Simon Clark helps prebunk some misleading statements you'll hear about climate. The video includes ...
It is all very well cutting the backrooms of public agencies but it may compromise the frontlines. One of the frustrations of the Productivity Commission’s 2017 review of universities is that while it observed that their non-academic staff were increasing faster than their academic staff, it did not bother to ...
Buzz from the Beehive Two speeches delivered by Foreign Affairs Minister Winston Peters at Anzac Day ceremonies in Turkey are the only new posts on the government’s official website since the PM announced his Cabinet shake-up. In one of the speeches, Peters stated the obvious: we live in a troubled ...
1. Which of these would you not expect to read in The Waikato Invader?a. Luxon is here to do business, don’t you worry about thatb. Mr KPI expects results, and you better believe itc. This decisive man of action is getting me all hot and excitedd. Melissa Lee is how ...
…it has a restricted jurisdiction which must not be abused: it is not an inquisitionNOTE – this article was published before the High Court ruled that Karen Chhour does not have to appear before the Waitangi Tribunal Gary Judd writes – The High Court ...
Lindsay Mitchell writes – One of reasons Oranga Tamariki exists is to prevent child neglect. But could the organisation itself be guilty of the same?Oranga Tamariki’s statistics show a decrease in the number and age of children in care. “There are less children ...
David Farrar writes: Graeme Edgeler wrote in 2017: In the first five years after three strikes came into effect 5248 offenders received a ‘first strike’ (that is, a “stage-1 conviction” under the three strikes sentencing regime), and 68 offenders received a ‘second strike’. In the five years prior to ...
Bryce Edwards writes – Prime Minister Christopher Luxon has surprised everyone with his ruthlessness in sacking two of his ministers from their crucial portfolios. Removing ministers for poor performance after only five months in the job just doesn’t normally happen in politics. That’s refreshing and will be extremely ...
TL;DR: These are the six things that stood out to me in news and commentary on Aotearoa-NZ’s political economy in the two days to 6:06am on Thursday, April 25:Politics: PM Christopher Luxon has set up a dual standard for ministerial competence by demoting two National Cabinet ministers while leaving also-struggling ...
Hi,Today I mainly want to share some of your thoughts about the recent piece I wrote about success and failure, and the forces that seemingly guide our lives. But first, a quick bit of housekeeping: I am doing a Webworm popup in Los Angeles on Saturday May 11 at 2pm. ...
It is hard to see what Melissa Lee might have done to “save” the media. National went into the election with no public media policy and appears not to have developed one subsequently. Lee claimed that she had prepared a policy paper before the election but it had been decided ...
Open access notablesIce acceleration and rotation in the Greenland Ice Sheet interior in recent decades, Løkkegaard et al., Communications Earth & Environment:In the past two decades, mass loss from the Greenland ice sheet has accelerated, partly due to the speedup of glaciers. However, uncertainty in speed derived from satellite products ...
Buzz from the Beehive A statement from Children’s Minister Karen Chhour – yet to be posted on the Government’s official website – arrived in Point of Order’s email in-tray last night. It welcomes the High Court ruling on whether the Waitangi Tribunal can demand she appear before it. It does ...
Mr Bombastic:Ironically, the media the academic experts wanted is, in many ways, the media they got. In place of the tyrannical editors of yesteryear, advancing without fear or favour the interests of the ruling class; the New Zealand news media of today boasts a troop of enlightened journalists dedicated to ...
It's hard times try to make a livingYou wake up every morning in the unforgivingOut there somewhere in the cityThere's people living lives without mercy or pityI feel good, yeah I'm feeling fineI feel better then I have for the longest timeI think these pills have been good for meI ...
In 1974, the US Supreme Court issued its decision in United States v. Nixon, finding that the President was not a King, but was subject to the law and was required to turn over the evidence of his wrongdoing to the courts. It was a landmark decision for the rule ...
Every day now just seems to bring in more fresh meat for the grinder.In their relentlessly ideological drive to cut back on the “excessive bloat” (as they see it) of the previous Labour-led government, on the mountains of evidence accumulated in such a short period of time do not ...
This is a re-post from Yale Climate Connections by Megan Valére SosouMarket gardening site of the Itchèléré de Itagui agricultural cooperative in Dassa-Zoumè (Image credit: Megan Valère Sossou) For the residents of Dassa-Zoumè, a city in the West African country of Benin, choosing between drinking water and having enough ...
Buzz from the Beehive Melissa Lee – as may be discerned from the screenshot above – has not been demoted for doing something seriously wrong as Minister of ...
Morning in London Mother hugs beloved daughter outside the converted shoe factory in which she is living.Afternoon in London Travelling writer takes himself and his wrist down to A&E, just to be sure. Read more ...
Mike Grimshaw writes – The recent announcement of the University Advisory Group, chaired by Sir Peter Gluckman, makes very clear where the Government’s focus and priorities lie. The remit of the Advisory Group is that Group members will consider challenges and opportunities for improvement in the university sector including: ...
Eric Crampton writes – The Reserve Bank of New Zealand desperately wants to find reasons to have workstreams in climate change. It makes little sense. They’ve run another stress test on the banks looking to see if they could find a prudential regulation case. They couldn’t. They ...
Rob MacCullough writes – Pundits from the left and the right are arguing that National’s Fast Track Bill that is designed to speed up infrastructure decisions could end up becoming mired in a cesspool of corruption. Political commentator ...
Looking at the headlines this morning it’s hard to feel anything other than pessimistic about the future of humanity.Note that I’m not speaking about the future of mankind, but the survival of our humanity. The values that we believe in seem to be ebbing away, by the day.Perhaps every generation ...
Swabbing mixed breed baby chicks to test for avian influenzaUh oh. Bird flu – often deadly to humans – is not only being transmitted from infected birds to dairy cows, but is now travelling between dairy cows. As of last Friday, Bloomberg News reports, there were 32 American dairy herds ...
On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
What is it with the mining industry? Its not enough for them to pillage the earth - they apparently can't even be bothered getting resource consent to do so: The proponent behind a major mine near the Clutha River had already been undertaking activity in the area without a ...
Photo # 1 I am a huge fan of Singapore’s approach to housing, as described here two years ago by copying and pasting from The ConversationWhat Singapore has that Australia does not is a public housing developer, the Housing Development Board, which puts new dwellings on public and reclaimed land, ...
Buzz from the Beehive Reactions to news of the government’s readiness to make urgent changes to “the resource management system” through a Bill to amend the Resource Management Act (RMA) suggest a balanced approach is being taken. The Taxpayers’ Union says the proposed changes don’t go far enough. Greenpeace says ...
I’m starting to wonder if Anna Burns-Francis might be the best political interviewer we’ve got. That might sound unlikely to you, it came as a bit of a surprise to me.Jack Tame can be excellent, but has some pretty average days. I like Rebecca Wright on Newshub, she asks good ...
Chris Trotter writes – Willie Jackson is said to be planning a “media summit” to discuss “the state of the media and how to protect Fourth Estate Journalism”. Not only does the Editor of The Daily Blog, Martyn Bradbury, think this is a good idea, but he has also ...
Graeme Edgeler writes – This morning [April 21], the Wellington High Court is hearing a judicial review brought by Hon. Karen Chhour, the Minister for Children, against a decision of the Waitangi Tribunal. This is unusual, judicial reviews are much more likely to brought against ministers, rather than ...
Both of Parliament’s watchdogs have now ripped into the Government’s Fast-track Approvals Bill. Photo: Lynn Grieveson / The KākāMy pick of the six newsey things to know from Aotearoa’s political economy and beyond on the morning of Tuesday, April 23 are:The Lead: The Auditor General,John Ryan, has joined the ...
This is a re-post from Yale Climate Connections by Sarah SpengemanPeople wait to board an electric bus in Pune, India. (Image credit: courtesy of ITDP) Public transportation riders in Pune, India, love the city’s new electric buses so much they will actually skip an older diesel bus that ...
The infrastructure industry yesterday issued a “hurry up” message to the Government, telling it to get cracking on developing a pipeline of infrastructure projects.The hiatus around the change of Government has seen some major projects cancelled and others delayed, and there is uncertainty about what will happen with the new ...
Hi,Over the weekend I revisited a podcast I really adore, Dead Eyes. It’s about a guy who got fired from Band of Brothers over two decades ago because Tom Hanks said he had “dead eyes”.If you don’t recall — 2001’s Band of Brothers was part of the emerging trend of ...
Buzz from the Beehive The 180 or so recipients of letters from the Government telling them how to submit infrastructure projects for “fast track” consideration includes some whose project applications previously have been rejected by the courts. News media were quick to feature these in their reports after RMA Reform Minister Chris ...
It would not be a desirable way to start your holiday by breaking your back, your head, or your wrist, but on our first hour in Singapore I gave it a try.We were chatting, last week, before we started a meeting of Hazel’s Enviro Trust, about the things that can ...
Calling all journalists, academics, planners, lawyers, political activists, environmentalists, and other members of the public who believe that the relationships between vested interests and politicians need to be scrutinised. We need to work together to make sure that the new Fast-Track Approvals Bill – currently being pushed through by the ...
Feel worried. Shane Jones and a couple of his Cabinet colleagues are about to be granted the power to override any and all objections to projects like dams, mines, roads etc even if: said projects will harm biodiversity, increase global warming and cause other environmental harms, and even if ...
Bryce Edwards writes- The ability of the private sector to quickly establish major new projects making use of the urban and natural environment is to be supercharged by the new National-led Government. Yesterday it introduced to Parliament one of its most significant reforms, the Fast Track Approvals Bill. ...
Michael Bassett writes – If you think there is a move afoot by the radical Maori fringe of New Zealand society to create a parallel system of government to the one that we elect at our triennial elections, you aren’t wrong. Over the last few days we have ...
Without a corresponding drop in interest rates, it’s doubtful any changes to the CCCFA will unleash a massive rush of home buyers. Photo: Lynn GrievesonTL;DR: The six things that stood out to me in Aotearoa’s political economy around housing, poverty and climate on Monday, April 22 included:The Government making a ...
Sunday was a lazy day. I started watching Jack Tame on Q&A, the interviews are usually good for something to write about. Saying the things that the politicians won’t, but are quite possibly thinking. Things that are true and need to be extracted from between the lines.As you might know ...
In our Weekly Roundup last week we covered news from Auckland Transport that the WX1 Western Express is going to get an upgrade next year with double decker electric buses. As part of the announcement, AT also said “Since we introduced the WX1 Western Express last November we have seen ...
TL;DR: The six key events to watch in Aotearoa-NZ’s political economy in the week to April 29 include:PM Christopher Luxon is scheduled to hold a post-Cabinet news conference at 4 pm today. Stats NZ releases its statutory report on Census 2023 tomorrow.Finance Minister Nicola Willis delivers a pre-Budget speech at ...
A listing of 29 news and opinion articles we found interesting and shared on social media during the past week: Sun, April 14, 2024 thru Sat, April 20, 2024. Story of the week Our story of the week hinges on these words from the abstract of a fresh academic ...
The ability of the private sector to quickly establish major new projects making use of the urban and natural environment is to be supercharged by the new National-led Government. Yesterday it introduced to Parliament one of its most significant reforms, the Fast Track Approvals Bill. The Government says this will ...
This is a column to say thank you. So many of have been in touch since Mum died to say so many kind and thoughtful things. You’re wonderful, all of you. You’ve asked how we’re doing, how Dad’s doing. A little more realisation each day, of the irretrievable finality of ...
Identifying the engine type in your car is crucial for various reasons, including maintenance, repairs, and performance upgrades. Knowing the specific engine model allows you to access detailed technical information, locate compatible parts, and make informed decisions about modifications. This comprehensive guide will provide you with a step-by-step approach to ...
Introduction: The allure of racing is undeniable. The thrill of speed, the roar of engines, and the exhilaration of competition all contribute to the allure of this adrenaline-driven sport. For those who yearn to experience the pinnacle of racing, becoming a race car driver is the ultimate dream. However, the ...
Introduction Automobiles have become ubiquitous in modern society, serving as a primary mode of transportation and a symbol of economic growth and personal mobility. With countless vehicles traversing roads and highways worldwide, it begs the question: how many cars are there in the world? Determining the precise number is a ...
Maintaining a safe and reliable vehicle requires regular inspections. Whether it’s a routine maintenance checkup or a safety inspection, knowing how long the process will take can help you plan your day accordingly. This article delves into the factors that influence the duration of a car inspection and provides an ...
Mazda Motor Corporation, commonly known as Mazda, is a Japanese multinational automaker headquartered in Fuchu, Aki District, Hiroshima Prefecture, Japan. The company was founded in 1920 as the Toyo Cork Kogyo Co., Ltd., and began producing vehicles in 1931. Mazda is primarily known for its production of passenger cars, but ...
Your car battery is an essential component that provides power to start your engine, operate your electrical systems, and store energy. Over time, batteries can weaken and lose their ability to hold a charge, which can lead to starting problems, power failures, and other issues. Replacing your battery before it ...
In most states, you cannot register a car without a valid driver’s license. However, there are a few exceptions to this rule. Exceptions to the RuleIf you are under 18 years old: In some states, you can register a car in your name even if you do not ...
Mazda, a Japanese automotive manufacturer with a rich history of innovation and engineering excellence, has emerged as a formidable player in the global car market. Known for its reputation of producing high-quality, fuel-efficient, and driver-oriented vehicles, Mazda has consistently garnered praise from industry experts and consumers alike. In this article, ...
Struts are an essential part of a car’s suspension system. They are responsible for supporting the weight of the car and damping the oscillations of the springs. Struts are typically made of steel or aluminum and are filled with hydraulic fluid. How Do Struts Work? Struts work by transferring the ...
Te Pāti Māori are demanding the New Zealand Government support an international independent investigation into mass graves that have been uncovered at two hospitals on the Gaza strip, following weeks of assault by Israeli troops. Among the 392 bodies that have been recovered, are children and elderly civilians. Many of ...
Our two-tiered system for veterans’ support is out of step with our closest partners, and all parties in Parliament should work together to fix it, Labour veterans’ affairs spokesperson Greg O’Connor said. ...
Stripping two Ministers of their portfolios just six months into the job shows Christopher Luxon’s management style is lacking, Labour Leader Chris Hipkins said. ...
Tonight’s court decision to overturn the summons of the Children’s Minister has enabled the Crown to continue making decisions about Māori without evidence, says Te Pāti Māori spokesperson for Children, Mariameno Kapa-Kingi. “The judicial system has this evening told the nation that this government can do whatever they want when ...
It appears Nicola Willis is about to pull the rug out from under the feet of local communities still dealing with the aftermath of last year’s severe weather, and local councils relying on funding to build back from these disasters. ...
The Government is making short-sighted changes to the Resource Management Act (RMA) that will take away environmental protection in favour of short-term profits, Labour’s environment spokesperson Rachel Brooking said today. ...
Labour welcomes the release of the report into the North Island weather events and looks forward to working with the Government to ensure that New Zealand is as prepared as it can be for the next natural disaster. ...
The Labour Party has called for the New Zealand Government to recognise Palestine, as a material step towards progressing the two-State solution needed to achieve a lasting peace in the region. ...
Some of our country’s most important work, stopping the sexual exploitation of children and violent extremism could go along with staff on the frontline at ports and airports. ...
The Government’s Fast Track Approvals Bill will give projects such as new coal mines a ‘get out of jail free’ card to wreak havoc on the environment, Labour Leader Chris Hipkins said today. ...
The government's decision to reintroduce Three Strikes is a destructive and ineffective piece of law-making that will only exacerbate an inherently biased and racist criminal justice system, said Te Pāti Māori Justice Spokesperson, Tākuta Ferris, today. During the time Three Strikes was in place in Aotearoa, Māori and Pasifika received ...
Cuts to frontline hospital staff are not only a broken election promise, it shows the reckless tax cuts have well and truly hit the frontline of the health system, says Labour Health spokesperson Ayesha Verrall. ...
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. ...
Te Pāti Māori is disgusted at the confirmation that hundreds are set to lose their jobs at Oranga Tamariki, and the disestablishment of the Treaty Response Unit. “This act of absolute carelessness and out of touch decision making is committing tamariki to state abuse.” Said Te Pāti Māori Oranga Tamariki ...
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. ...
Te Pāti Māori co-leader Rawiri Waititi, and Mema Paremata mō Tāmaki-Makaurau, Takutai Tarsh Kemp, will travel to the Gold Coast to strengthen ties with Māori in Australia next week (15-21 April). The visit, in the lead-up to the 9th Australian National Kapa haka Festival, will be an opportunity for both ...
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. ...
Hon Paula Bennett has been appointed as member and chair of the Pharmac board, Associate Health Minister David Seymour announced today. "Pharmac is a critical part of New Zealand's health system and plays a significant role in ensuring that Kiwis have the best possible access to medicines,” says Mr Seymour. ...
Hundreds of New Zealand families affected by Fetal Alcohol Spectrum Disorder (FASD) will benefit from a new Government focus on prevention and treatment, says Health Minister Dr Shane Reti. “We know FASD is a leading cause of preventable intellectual and neurodevelopmental disability in New Zealand,” Dr Reti says. “Every day, ...
Regional Development Minister Shane Jones today attended the official opening of Kaikohe’s new $14.7 million sports complex. “The completion of the Kaikohe Multi Sports Complex is a fantastic achievement for the Far North,” Mr Jones says. “This facility not only fulfils a long-held dream for local athletes, but also creates ...
Foreign Minister Winston Peters’ engagements in Türkiye this week underlined the importance of diplomacy to meet growing global challenges. “Returning to the Gallipoli Peninsula to represent New Zealand at Anzac commemorations was a sombre reminder of the critical importance of diplomacy for de-escalating conflicts and easing tensions,” Mr Peters ...
Ambassador Millar, Burgemeester, Vandepitte, Excellencies, military representatives, distinguished guests, ladies and gentlemen – good morning and welcome to this sacred Anzac Day dawn service. It is an honour to be here on behalf of the Government and people of New Zealand at Buttes New British Cemetery, Polygon Wood – a deeply ...
Distinguished guests - It is an honour to return once again to this site which, as the resting place for so many of our war-dead, has become a sacred place for generations of New Zealanders. Our presence here and at the other special spaces of Gallipoli is made ...
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Paul Goldsmith will take on responsibility for the Media and Communications portfolio, while Louise Upston will pick up the Disability Issues portfolio, Prime Minister Christopher Luxon announced today. “Our Government is relentlessly focused on getting New Zealand back on track. As issues change in prominence, I plan to adjust Ministerial ...
Recreational catch limits will be reduced in areas of Fiordland and the Chatham Islands to help keep those fisheries healthy and sustainable, Oceans and Fisheries Minister Shane Jones says. The lower recreational daily catch limits for a range of finfish and shellfish species caught in the Fiordland Marine Area and ...
Energy Minister Simeon Brown has welcomed an important milestone in New Zealand’s hydrogen future, with the opening of the country’s first network of hydrogen refuelling stations in Wiri. “I want to congratulate the team at Hiringa Energy and its partners K one W one (K1W1), Mitsui & Co New Zealand ...
The coalition Government is delivering on its commitment to improve resource management laws and give greater certainty to consent applicants, with a Bill to amend the Resource Management Act (RMA) expected to be introduced to Parliament next month. RMA Reform Minister Chris Bishop has today outlined the first RMA Amendment ...
Overseas models for regulating the oil and gas sector, including their decommissioning regimes, are being carefully scrutinised as a potential template for New Zealand’s own sector, Resources Minister Shane Jones says. The Coalition Government is focused on rebuilding investor confidence in New Zealand’s energy sector as it looks to strengthen ...
Emergency Management and Recovery Minister Mark Mitchell has today released the Report of the Government Inquiry into the response to the North Island Severe Weather Events. “The report shows that New Zealand’s emergency management system is not fit-for-purpose and there are some significant gaps we need to address,” Mr Mitchell ...
Justice Minister Paul Goldsmith is today travelling to Europe where he’ll update the United Nations Human Rights Council on the Government’s work to restore law and order. “Attending the Universal Periodic Review in Geneva provides us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while ...
Associate Agriculture Minister, Mark Patterson, formally reopened the world’s largest wool processing facility today in Awatoto, Napier, following a $50 million rebuild and refurbishment project. “The reopening of this facility will significantly lift the economic opportunities available to New Zealand’s wool sector, which already accounts for 20 per cent of ...
Hon Andrew Bayly, Minister for Small Business and Manufacturing At the Southland Otago Regional Engineering Collective (SOREC) Summit, 18 April, Dunedin Ngā mihi nui, Ko Andrew Bayly aho, Ko Whanganui aho Good Afternoon and thank you for inviting me to open your summit today. I am delighted ...
The Government is delivering on its commitment to bring back the Three Strikes legislation, Associate Justice Minister Nicole McKee announced today. “Our Government is committed to restoring law and order and enforcing appropriate consequences on criminals. We are making it clear that repeat serious violent or sexual offending is not ...
Foreign Minister Winston Peters has today announced four new diplomatic appointments for New Zealand’s overseas missions. “Our diplomats have a vital role in maintaining and protecting New Zealand’s interests around the world,” Mr Peters says. “I am pleased to announce the appointment of these senior diplomats from the ...
New Zealand is contributing NZ$7 million to support communities affected by severe food insecurity and other urgent humanitarian needs in Ethiopia and Somalia, Foreign Minister Rt Hon Winston Peters announced today. “Over 21 million people are in need of humanitarian assistance across Ethiopia, with a further 6.9 million people ...
Minister for Arts, Culture and Heritage Paul Goldsmith is congratulating Mataaho Collective for winning the Golden Lion for best participant in the main exhibition at the Venice Biennale. "Congratulations to the Mataaho Collective for winning one of the world's most prestigious art prizes at the Venice Biennale. “It is good ...
The Government is reforming financial services to improve access to home loans and other lending, and strengthen customer protections, Commerce and Consumer Affairs Minister Andrew Bayly and Housing Minister Chris Bishop announced today. “Our coalition Government is committed to rebuilding the economy and making life simpler by cutting red tape. We are ...
“China remains a strong commercial opportunity for Kiwi exporters as Chinese businesses and consumers continue to value our high-quality safe produce,” Trade and Agriculture Minister Todd McClay says. Mr McClay has returned to New Zealand following visits to Beijing, Harbin and Shanghai where he met ministers, governors and mayors and engaged in trade and agricultural events with the New ...
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 ...
NZCTU President Richard Wagstaff is calling on all political parties to support the new Member’s Bill from Labour’s workplace relations and safety spokesperson Camilla Belich MP that would ensure negligent companies are held accountable when their employees ...
A historian with an uncanny track record of predicting US election winners tells RNZ's Sunday Morning that President Biden looks to be on track for another term, but things could still go very wrong for him. ...
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Appointment viewing has been lost to the mists of time, but memories of Montana Sunday Theatre can still be conjured by hitting play on a particular piece of classical music. “You’re not going to be able to sell it.” Over 30 years on, Karen Bieleski still recalls how the task ...
Performance Review King Luxon sat behind His massive polished oak desk. It is Performance Review time. There is a knock on the door. “Enter!” says the King. In steps Minister of Disabilities and Carer Pedicures, Penny Simmonds. “I can explain everything …” she begins. “Fine,” says King Luxon, pressing the ...
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A new exhibition in Wellington showcases the faces behind your local goods and services. Back in 1977, when I was a fine arts student at the University of Canterbury, I took a series of photographs of Christchurch shopkeepers. The photos were for a calendar – a project for my end ...
Toomaj and his resistance to tyranny through his songs have become an icon for the youth of Iran, so his sentence has hit the nation hard. Toomaj Salehi is not the first artist to pay the price for standing with the people. ...
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I'm impressed with the ANZ threatening to essentially disinvest from New Zealand due to the proposed increased capital reserves required by our Reserve Bank.
They will of course be lobbying hard for Westpac, Commonwealth Bank, and BNZ to follow with them. A proper capital strike.
ANZ is 61% owned by US shareholders. Westpac 58% US owned.
Hold tight Mr Orr.
Stay the course Prime Minister Ardern and Minister Robertson.
No one in Wellington would fail to see this as a threat close to that the IMF made in Muldoon's time.
Anyone on The Standard: withdraw your accounts from the ANZ and shift your mortgages to a local bank.
Send them a letter saying that you are doing it and why.
ANZ are now clearly the enemy of this government and its banking regulator and of New Zealand.
Very well said Ad, absolutely agree with you.
https://www.stuff.co.nz/business/113898959/anz-manager-85-staff-out-the-door-for-deleting-emails
+100
Thanks for info about USA holding Ad. Now we know what is screwing us.
I've never understood why anyone here would use any of them foreign banks – have felt that way since I first thought about it in the early seventies. I suppose it makes me seem like some kind of nationalist, yet I became internationalist in the sixties.
Anyway, it would be cool if the ANZ robots did vamoose, and the other invaders followed them. Someone would argue that we need foreign capital for investment, so the foreign banks are an essential conduit. My bias is toward resilience as a nation, and dependence on foreigners seems worse than dependence on nanny state.
In praxis franko, some of us may have been posb customers who got taken over.
Anyone who responds to a takeover by deciding to remain in captivity to the takers doesn't deserve much respect, do they? Poor praxis. Switch to a bank that didn't succumb (TSB, Cooperative) if you don't like Kiwibank…
Dunno Dennis, what about telling them your going to change and they give you so much free stuff it becomes not worthwhile changing, so you remain a customer and keep screwing them.
Does that actually happen?? Perhaps in a target market, such as young high-earners with mortgages living high on credit cards. The debt-is-cool syndrome seems to have been killed by the gfc (unless you look at slow learners).
Not me I'm a low earner , no debt, go without the crap and save.
its not difficult to understand….it was well displayed by the the subprime mortgage experience in the US….you change to the Aussie banks because they will advance the funds (perhaps at a better rate) you desire that the NZ owned institutions will not.
I never encountered that problem! Got all my mortgages from ASB before they sold out to Oz, repaid them no problem. Can't see why anyone else is unable to do the same. Never heard of kiwi banks refusing loans to kiwis. Are you suggesting that all our younger generations are so incompetent that our banks don't trust them??
thats an odd take…..theres plenty of anecdotes where kiwibank (and the like ) have declined finance where the Oz banks have obliged…sometimes they both offer but the best deal is from the Aussies…I can think of numerous examples in recent years from friends and family….you must also remember that the big 4 (oz banks) have the bulk of the market by volume ….even if they wanted the NZ banks cannot absorb that risk in the short term
I understand that competition in the market produces under-cutting, and foreign invaders with deep pockets win those battles, but I don't get why American banks, or British etc, don't feature. Too small a market to bother, I suppose.
I guess the Oz capture of our market was an easy local expansion. Perhaps kiwis are unpatriotic in banking because they think `they're all capitalists, so who cares?"
not sure about the Yanks but weve had the Poms here…they sold out.
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10641807
https://en.wikipedia.org/wiki/National_Bank_of_New_Zealand
And the Indians and Chinese have shown up recently
not sure about the Yanks but weve had the Poms here…they sold out.
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10641807
https://en.wikipedia.org/wiki/National_Bank_of_New_Zealand
And the Indians and Chinese have shown up recently
https://bankdashboard.rbnz.govt.nz/balance-sheet
Because the local banks are utter shit
ANZ may well reduce their investment in NZ but it will have little to do with capital requirements or deposit insurance rather it is their exposure to the (esp)Auckland and rural mortgage markets that will drive it…markets they were instrumental in overcooking.
The RBNZ and NZ depositors have no obligation to underwrite the profits of ANZ (or any other) shareholders.
https://bankdashboard.rbnz.govt.nz/asset-quality
Hear hear Ad.
I think ANZ would rather we talked about their discomfort with Maria Folau and her support of her husband.
Don't let the door hit their backside on the way out.
I wonder if Mr Brownlee is available to show them some shortcuts through the airport.
I am not surprised by the banks pushing back. You can't expect the banks to simply accept a doubling of the capital adequacy ratio, without any debate. On the face of it the doubling seems excessive, given that the banks were among the few in the world with no problems during the GFC.
This "view" that they are the enemy of the government simply because they contest the RBNZ governor's view is akin to dictatorship. In a democracy these things are (and should be) contestable. In fact the RBNZ recognises that because they have set up a submissions process. They don't just impose it.
How were they among the few with no problems during the GFC?
They had to be Govt guaranteed,that is a huge leg up.
The gist of the explanation in the media at the time (Bernard Hickey et al) was that banks here had been collectively prudent. Which is to say that they had adhered to traditional banking practice, whereas deregulation in the USA had induced a culture shift into competitive gambling via derivatives. That shift even pulled in British & European banks, as exemplified by various bank failures there…
Indeed, Blazer. Clearly Wayne has forgotten how close the banks here came to having a bank run, hence the need (at the time) for the Government guarantee.
I don’t recall any risk of a bank run in NZ in 2009. There was never any suggestion that the Aussie banks were a risk. The “run” was on second tier lenders such as finance companies. A number got a government guarantee, most notably Canterbury Finance.
You're usually wrong.
SPC,
Do you actually recall anything about the Aussie banks being at risk, or are you just being contrarian.
You're usually wrong, but right about that. Shy agreemeent with right wingers syndrome.
By that, I meant sure no risk to banks here – here the concern was finance companies.
As for Oz there was no risk to banks, but for a temporaory confidence issue – the government guarantee indicated they saw no risk – because there was none.
Given the escalation of property values and mortgage repayments only affordable while interest rates are low and people retain jobs: there is a growing risk to banks on both sides of the ditch.
Essentially governments have to hold down the OCR so people can afford to own their properties at these values – economic policy has become hostage to these banks. The profits being made on the back of this are of windfall proportions – it is past time to increase the capital reserve ratios.
Glad you said that SPC – we should know this but it seems to go in one ear and out the other any time it is pointed out.
Well Aussies remember.
Billionaire trucking magnate Lindsay Fox, whose family investment fund owned 10 per cent of Bank of Queensland and also had an interest in cash-security firm Armaguard, told Rudd there had been unusually large cash withdrawals and a lack of deposits.
Rudd tells AFR Weekend: "This was big. We feared a run on the banks on the Monday and we knew from our own private contacts around the country there was a massive rush to cash on the Friday and they were fearing lines outside banks."
Across the road from the Brisbane offices of Rudd and Swan that week, an unusual, steady line of Queenslanders queued up at the Suncorp automatic teller machine.
Rudd's office was receiving phone calls from business people and concerned citizens signalling a crisis of confidence was beginning to engulf local banks
https://www.afr.com/news/economy/the-gfc-remembered-ten-years-ago-it-was-all-about-saving-the-banks-20180924-h15spj
Keys arguments are all about the short term outcomes for him and the other employees (executives) not bank stability which is the prime role of the RBNZ.
Are you joking?
The entire US banking and insurance system was bailed out. +/- 100%.
Ergo the entire central banking cartel was bailed out.
RBA / RBNZ / et al.
Here's some evidence of that, One Two.
https://youtu.be/n0NYBTkE1yQ?t=147
@Wayne
The Government guarantee was introduced to prevent a run of deposits across the Tasman, where there was a depositors guarantee.
At the time, there was also a higher demand for NZ hundred dollar notes as more money was being withdrawn locally.
“And so it was concluded that New Zealand had little choice but to follow suit. As a matter of economics, there probably was little real choice but to follow the Australian lead. But the timing was all about politics. Neither economic nor financial stability would have been jeopardised if we hadn’t had a deposit guarantee scheme announced before the banks opened on Monday morning. We’d have been much better to have taken a bit more time and hashed out some of the details with the Minister in his office in Wellington, not at campaign launches and then, as the day went on, airport lounges (at one point late that afternoon I – who’d talked to the Minister perhaps twice in my life previously – was deputed to ring Dr Cullen and get his approval or some detail or other of the scheme). But I guess it might have left open a brief window in which critics might have suggested that New Zealand politicians were doing less for their citizens and their economy than their Australian counterparts.”
https://croakingcassandra.com/2018/10/12/looking-back-to-the-deposit-guarantee/
as usual Waynes memory is selective
I don't think they did get a government guarantee – isn't that the time when it was emphasised that if a bank did get into difficulties, then after reserves had been used, there would be a 'haircut' of a percentage of deposits before government stepped in. I may be wrong but I also thought there was a charge to government by the banks for that limited guarantee. The possibility of losing part of your money from a bank deposit was a surprise to many, and not surprisingly does not appear to be widely advertised by the banks. I believe that there was assistance given to banks at the time of the gfc – Bill English went oversees shortly after being elected telling potential lenders to the government how strong a financial position they had inherited from the previous government – some of the government borrowing at that time was to lend to banks (including I think the ANZ) because they were having difficulties borrowing . . .
If all banks have the same calculation of required capital, that may affect the margin they need to keep up their return on capital – and in New Zealand at least there are no effective competitors; our Finance industry has largely disappeared – due to not having held enough capital for tough times . . .
Talking about government regulation is possibly more palatable than talking about executive benefits though.
"I don't think they did get a government guarantee – isn't that the time when it was emphasised that if a bank did get into difficulties, then after reserves had been used, there would be a 'haircut' of a percentage of deposits before government stepped in. I may be wrong"
You are wrong. It was a full guarantee. It was necessary because the Australian Government was about too announce a guarantee of the banks in Australia that would not apply to New Zealand deposits in the bank subsidiaries in New Zealand. The "run" would not have been away from the bank itself. It would most probably have been from the subsidiary in New Zealand to the home bank in Australia. It would have been the only rational thing for a New Zealand depositor to do as the outflow of money from the New Zealand bank would have put their liquidity at risk.
They should never have included the likes of SCF in the scheme. What Cullen was thinking of is still hard to understand, or forgive.
Banks are not institutions there for the public good Wayne. They are privately owned corporations there to maximise the return to their shareholders. No more, no less.
As a result, if they doo not like the requirements of their existence in this country, then they know where the door is.
+1 yep – pretty basic stuff
Kevin,
So you are saying the banks have no rights, that they can't even debate an issue central to their existence.
Of course New Zealand could run the economy as you suggest. Just impose whatever rules we like. But as most countries who have tried that option have found out, there are consequences.
That is why the RBNZ actually has a submission process, which is more than just window dressing.
If the Aussie banks (actually they all have New Zealand shareholders and are listed on the NZX) simply decamped, how do you think the NZ economy would look like the day after?
so you are saying… the starting line for bull…
sounds like you like the banks there wayne surprise surprise – maximise profit that is what a bank is and does – even an ex cabinet minister knows that surely.
What other industry gets to choose the terms of their regulatory existence Wayne?
And not only that, when you look at recent history, the ANZ does not exactly fill people with confidence that they are there for them. Despite two ‘junior staffers’ raising the alarm over Hisco’s expenses, nothing happened and the ANZ hasn’t exactly covered itself in glory with the Royal Commission into Banking in Australia either.
They will use the system to their own benefit as far as they can push it.
well its really simple right?
ANZ does what the fuck it wants, and customers vote with their feet.
I see no reason why anyone should entrust a bank with their hard earned money if that bank will not guarantee that it is actually able of refunding these deposits.
And that is the crux of the matter right dear Wayne, it is not the banks money that they want to gamble with.
as for ANZ decamping, guess what, other banks – that have no issue with regulations and rules – will pick up that business that ANZ does not want.
You have heard of the 'market provideth' mantra?
That where your wrong Sabine but saying that most people think the same Your deposit legally is simply a claim or a debt on the bank and you are a creditor, what the bank does with that money is the banks call, its now the banks money In essence your just a creditor to the bank secured as much by capital holding requirements and deposit insurance It is totally warranted a bank has it’s say on capital requirements if it’s whole business is based on return on capital
Would that mean a lot of debt being written off waynee?
There isn't a debate. If AD's summary is largely correct, ANZ is suggesting it might take the option of turning its back on NZ profits if their capital reserves are required to go too high.
I'm sure RBNZ will factor that into their reserves of fucks to give.
ANZ pulling out would give more opportunity to other banks to grow, including the local banks.
"…akin to dictatorship."
What blithering nonsense.
Well, if you had a system that simply imposed rules and laws without any submission process, that would be akin to dictatorship.
Which is why New Zealand doesn't run that way. All our laws and regulatory processes have extensive submission processes for those affected and for the public. It is a basic hallmark of democracy.
In our democracy, roughly how many votes does each bank ‘get’?
oh you….shh….one vote per account held?
+1
Corporations are people too doncha know! (shouldn't be)
Legal people. Inorganic. And like the book & doco explained back in '03/04, psychopathic in accord with diagnostic practice.
Remedy: corporate charters that require consideration of the effects of corporate decisions on all affected stakeholders, and laws that enforce accountability on execs.
Yeah, yeah, lets trust the ANZ! Lol . I am about to move my Kiwisaver fund from them……………
" All our laws and regulatory processes have extensive submission processes for those affected and for the public. It is a basic hallmark of democracy. "
Please explain the indecent use of urgency that occurred during nationals term in office.
Urgency is basically extended hours. Not like the system that used to exist in the 1980’s and 1990’s. These days all bills go through a select committee process with public submissions. The exception is tax bills. Governments (both National and Labour) tend to pass these in one sitting.
The only thing "akin to a dictatorship" here is ANZ – both in its internal structure of hierarchical authority and in its attempt to dictate to a democratically elected government. Any rights we give to private dictatorships should be contingent on them acting in ways that serve the public good. Once they cease to do that and focus predominantly on their own private good, we don't need to be excessively attentive to their rights.
Ultimately we need to democratise all centres of economic and political power – which means entities such as the ANZ wouldn't exist in the same way as they do now.
'ANZ is 61% owned by US shareholders. Westpac 58% US owned.'
As I alluded to last week and was told that was nonsense.
ANZ has not bothered adhering to capital requirements for the last 5 years anyway.
Their departure would be great.Totally independent from ANZ Australia when it suits,and totally dictated to when it doesn't.
Maybe a trade off threat to prevent an inquiry as per the revelations across the Tasman.
Be a test of Govt resolve .
Did not see conversation last week but I recall that most shares are bought through a limited number of big global institutions including US-based ones. Does not mean the ultimate shareholders are American, or even not Australian. Just means the system is un-transparent.
"Anyone on The Standard: withdraw your accounts from the ANZ and shift your mortgages to a local bank. "
Which one would you suggest? KiwiBank are saying that they may not survive if the new regulations are implemented as they won't be able to raise the new capital required. Their shareholders seem to be of the view that there is likely to be no economic return from any more investment.
I don't think they are going to be a very good bank to shift to in the new climate of RBNZ policies if that is the case.
https://www.stuff.co.nz/business/113913216/kiwibank-warns-investors-may-starve-it-of-investment-under-reserve-bank-plans#comments
Kiwibank is for all intents and purposes Govt owned.
It can raise capital easily.
Why do you think the Big 4 banks are so profitable?What can they do,that KB can't?
Did you bother to read the article I linked to?
You clearly think you know more about it than the people who run the bank. What gives you such confidence and why should we believe you?
Yes I read it.
Of course I know more about it than people who run the bank.
The GFC,I saw it coming.
The reality is the big banks rely on a tacit Govt Guarantee,the 'too big to fail' argument.
You saw the attempts of the National party when in power to undermine KB,Kiwisaver,the Cullen Fund..and the rewards for doing so are glaringly ..obvious.
I like my co-operative bank. Seriously i ditched ANZ a few years ago after some really fucked up customer service on their part and many emails/phonecalls and call in person to a branch. I have not missed it, i have no issue doing my banking, paying my bills and serving my mortgage.
so yeah, there really is no reason to stay with a bank that despises its customers and only views them as dairy cows to be milked while the going is good and dropped when the going gets tough.
SAME. Find Cooperative Bank great Sabine @ 1.7.2 Get a few dollars back each year and no fees.
Yes I had a similar situation with the ANZ. They didn't care about me, and I certainly don't need them; there are plenty of other money-fakirs where they came from, and the newer kiwi banks from building societies have a good grasp on the system and offer courteous and quick service, very helpful.
https://www.sbsbank.co.nz/about-us/sbs-bank/history
Was Southland Building Society.
https://www.sbsbank.co.nz/about-us/sbs-bank/leadership/corporate-governance
https://en.wikipedia.org/wiki/SBS_Bank
Banking day-to-day, TSB all the way – they routinely top the customer satisfaction rankings and have a decent-sized local branch offering foreign currency and other services. The Co-operative Bank is good too – have one investment account with them, and an under-used current account. No need to use foreign-owned banks.
Disclaimer: I don’t work for TSB or The Co-operative Bank, but do recommend these banks to friends.
http://www.roymorgan.com/findings/7876-satisfaction-with-new-zealand-banks-remains-high-201902142231
I am pretty sure that the TSB is the only Kiwi bank that is separate from using some of the services of the big commercial banks. I think that Kiwibank uses Westpac as 'collecting'? bank.
Tsb are dog shit. Kiwi bank have no cash no infrastructure and no one who knows anything
Bank customer surveys/polls are at odds with Infused's "dog shit" 'evaluation', although to be fair those surveys don't include “dog shit" on their ranking scale.
ANZ CEO Hisco (what was his 'exit' package again?) should have been be dog tucker, but corruption is the new normal under Sir John 'Haven' Key’s ‘watch’.
Yes, something surely stinks, but it’s not “dog shit“.
They’re all shit: horseshit, bullshit, bird shit, chicken shit, stir shit. But ANZ is the worst shit of all and thick as bat shit; Sir John would know as he’s some kind of connoisseur of bat shit.
Ha – penny just dropped re Key's off the cuff "thick as bat shit" assessment.
Co-operative Bank: https://www.co-operativebank.co.nz/
TSB: https://www.tsb.co.nz/about/history
Snap!
TSB consistently wins customer service awards compared with the other banks in NZ. No idea what they are like for mortgages.
and snap
You need to read the fine print on that survey to see how bogus it is
“Bogus“? Care to explain why, or are you only capable of flinging infused shit?
Is Consumer NZ's methodology also “bogus“?
“Local banks have outstripped the big four Australian banks for service…”
“Aussie-owned banking giants ANZ and ASB ranked last.”
https://www.interest.co.nz/business/93065/consumer-nz-survey-finds-tsb-co-op-bank-and-kiwibank-customers-are-happy-anz-and-asb customers are less so.
John Key bet against our currency in the past to gain. He has no loyalty to us.
ANZ has always worked against NZer's best interests, and do need reining in from excessive capital creation through marginal house and farm loans.
Hisco has shown a small sample of the entitled self interested way bankers live.
The Government should immediately institute a Banking Commission as in Australia.
Two words.
John Key
https://www.newshub.co.nz/home/politics/2019/07/duncan-garner-lack-of-compassion-from-a-government-that-promised-to-end-homelessness.html
No shit?! You mean the guy is so powerful even out of govt that he can stop a govt department doing what it's supposed to do? Wow, folks will be impressed…
His is an enduring legacy.
I think the average person in the street is starting to realise how much the last government dropped the ball/did sweet FA.
The enduring legacy of Key is 9 years of austerity and the creation of a multitude of problems associated with underfunding everything.
The homelessness issue is just the tip of a pretty rotten iceberg.
Yes.
But the Nats and their friends in the media – I'm thinking Garner particularly – are attempting to cleanse the previous government's record on the erosion of social services and pretend that inherited social issues are something which mysteriously 'just were'.
This allows them to apply current negative headlines on social issues to the Labour government and accuse them of inaction, false promises, etc.
I haven't actually seen what the Nats propose to do on housing and social spending at all, have you? It’s a policy desert out there.
The current government has continued to make owning a rental property less desirable. In a country where renting is trending upward, without exception the many property managers I regularly speak with have had shrinking portfolios for 3 years. Over the past 3 months 4000 people required emergency housing, double the figure of 12 months ago.
This situation is a runaway train well on it's way to a washed out bridge. 'It's National's fault' is the response of empty, unimaginative, water treading time wasters.
What's the Action Plan Labour? Blame National? How many Cally Jo's will that house?
Gosh, you mean the government still hasn't fixed the homelessness problem? They've been in power more than a year now!
I guess those earthquakes we had in Christchurch several years ago were John Keys fault too! Lets hope the All Blacks win the world cup else poor old JK will get the blame for that too.
nope the earthquakes were not his fault.
but a lot of the shit that people in christchurch had to endure was due to the willful incompetence of the then government.
Poor old JK, poor old JK had a choice to make in the years that he was PM, run a decent government for all, or raise GST on those that have to pay it – the end consumer, drop taxes on those that don't need it, sell every asset that was not nailed and glued to the wall, and allow for hte wholesale of NZ to the highest overseas bidder in order to advance his own little career.
Poor old JK, had a choice to be a prime minister, and instead he choose to pull ponytails, run bad soap jokes on the radio, cut the widowers benefit, cut study allowances for beneficiaries, and settled homeless people with tens of thousands of dollars of in debt for 'emergency housing' to the tune of 2000$ per week in a fucking motel – for this price they could have rented a proper house for homeless.
so keep your poor old jk to yourself, cause there is nothing that will make that man ever a decent human being, and his legacy to NZ is a squandered 26 million for the Laser Kiwi Flag (i would have loved that one!), children and families living in vans near football fields that have open toilets.
All blacks will play as good or as bad as they always do, other teams will do the same, and if JK is given half a chance he will crawl up the arse of that male blond knicker model who also played ball and pretend to me a man of the people.
Wow…you must feel better after that rant. It's amazing he has been out of politics for how long? Brings to mind a song from Frozen…."Let it go…..".
Out of interest, who is the blonde knicker model who also played ball?
That handshake was cursed, man.
Don't let fake “human rights defenders” smear Nils Melzer
https://twitter.com/caitoz/status/1145645207796367361
a scum on the run – you cannot hide the truth martin – you are tainted and will never be clean.
shameful so shameful
We know this or those of us interested know it. We must front up before it can be fixed but often I feel like Tariana
Best to link to the actual information …
https://waitangitribunal.govt.nz/inquiries/kaupapa-inquiries/health-services-and-outcomes-inquiry/
thanks for doing that for me and so graciously too – you're a credit to your name
Health outcomes arent the same for people with different risk factors and lifestyle choices- food , alcohol, smoking being the biggies
My specialist says that around 1/3 of his patients dont attend the clinics he runs for ongoing monitoring.
They wont have the same outcomes as those who do.
here's the challenge though
if ethnic groups are higher risk and they require information delivered a certain way to get cut-through/buy in or whatever – if your specialist isn't of that ethnic group or can't for whatever reason deliver to that higher risk group in the way that they can hear – who is supposed to change. Yes the majority rules and that means great swathes of people who aren't the majority could miss out. That seems to be the evidence – the report shows it is as much racism as anything.
It is well-established by now that the biggest influences on health outcomes (about 70%) are beyond the health sector – mainly poverty, social capital, etc. Too easy for us to say it's about people not looking after themselves.
Al Gore gets talked about a lot due to his championing the environment.
Jerry Brown was talking to Kathryn on 9toNoon this a.m. and he is also well versed in the problems and solutions through being in California which was an early adopter of change, and so able to take on board the size of the problem that we are still grappling with and trying to wriggle away from.
https://www.rnz.co.nz/national/programmes/ninetonoon/audio/2018702246/california-governor-jerry-brown-on-climate-action
Such a significant report is hard to summarise. Fortunately, Gabrielle Baker has been following this whole Tribunal hauora process for over a decade: https://thespinoff.co.nz/atea/02-07-2019/landmark-findings-on-maori-health-lay-a-clear-challenge-to-the-crown/
Keep them off the P and away from Bobbybrown then Tariana.
Gabby for PM – no nonsense here. Straighten up and fly right!
yep gappy for pee minister all right – urine it
saddy is that what you did – get off the pee – lol didn't think so – keep trying there you never know
Gabby, the only "saddy" here is the one who called you that. Not worth considering or replying to, imo. His ‘comments’ above (if you can even call them that) say much more about him than about you.
Nice – so a post about health deficiencies and racism for Māori in our system where gabby says get off the p to help and I'm the bad one for calling them saddy?
good to know what side of the fence you are on, thanks for clarifying
The great arctic journey.Fox travels from Svalbard to Canada in two and a half months.
https://thebarentsobserver.com/en/ecology/2019/06/arctic-fox-across-polar-ice-makes-record-run-svalbard-canada-25-month
Cool story, eh? Transcontinental trip to munch on lemmings. Good to see they provided a satellite's view tracking the trip so you can see its digressions & speed on the ice. Must be a food instinct motivating it (rather than a random trajectory).
The Southland environmental concerns are advancing. I got this message.
As you may be aware two motions on the topic will be debated at our meeting on 3 July 2019. The first motion is, ‘That the Council declares a Climate emergency’.
The second motion is ‘Environment Southland acknowledges that climate change is an important issue which we have to engage with. The Council commits to applying best practice and best science to its responsibilities and accords urgency to developing an action plan’. Please see our agenda.
As someone concerned about climate change you may be interested in a recently released report that was commissioned by all four Southland councils, Regional Climate Change Impact Assessment by the National Institute of Water and Atmosphere (NIWA), which is available on our website.
So tomorrow. If anyone wants to give encouragement now is the time.
Kia kaha Robert.
Was anyone else having an attack of the deja vus this morning as the PM explained how intense negotiations managed to persuade that philanthropic organisation Amazon to film the LOTR telly series here in New Zealand?
https://www.rnz.co.nz/news/national/393416/very-high-level-talks-secure-filming-for-lord-of-the-rings-tv-series
Of course the promised repeal of the nasty Hobbit Enabling Act…. https://thestandard.org.nz/a-rushed-law-is-a-bad-law/ is not going to happen.
'Parties have reached a consensus.'
There were many, many interesting and challenging posts here on TS back then about the nefarious goings on in this sector….where are those commenters now?
https://thestandard.org.nz/tag/the-hobbit/
https://www.youtube.com/watch?v=umj0gu5nEGs
As the saying goes…consensus changes nothing, nor does consensus lead to improvements
Consensus = Status Quo
Gosh! Someone tell the Green Party.
Sadly, Rosemary, I have to say yes to an attack of deja vu. And yes, I was one of the commenters last round.
I live in South Wellington and knew a lot of people who were involved in the last round of the LOTR etc films saga – meaning people who were actually involved in the making of the films. These included quite a few NZers* who worked in the industry or benefitted from the making of the films by providing support services such as catering, renting out property etc.
But as well as NZers, there were many, many film industry people* from overseas who moved here 'for the duration' of from months to some years – taking up rental properties in the south and eastern suburbs of Wellington, educating their children in our local schools etc. This in turn provided some peripheral employment such as child care etc.but usually of a low wage nature.
However, the situation now is very different. Rental property in these suburbs (which range for poor to well heeled) is now extremely hard to get and rental prices have gone through the roof, leaving low income families, beneficiaries, students etc out in the cold, couch surfing, doubling up, many families etc, in crowded accommodation etc. AirB& B is partially responsible but just plain old scarcity of property is the problem. In my suburb, many people are turning garages into accommodation for family, or to make money out of AirB&B, and other forms of rental with question marks over resource consents, meeting sanitary codes etc.
I am not sure whether the Amazon venture will be based in Wellington, but it would seem likely that the facilities at Weka etc will probably be used. If these south/east Wellington suburbs (or any part of Wellington for that matter) are faced with the influx that we experienced during the LOTR film years then things are likely to get to even worse … I am not sure that these factors/ consequences have even been considered in making these decisions to continue to push the film industry here.
I have now reread the RNZ link and Queenstown is expected to feature in the venture. Considering their current accommodation crisis …madness????
* While there were certainly a portion of high paid film people involved in the LOTR etc film projects, ( eg actors, directors, producers, etc) many/most of the people employed were not high paid at all – whether NZers or from overseas.
Thank you vw for your full and considered response. I'm a bit of a looker -backer, (must be an age thing) and am increasingly finding today's hot topics uncomfortably familiar. So I go back and have a read what was being said back then by 'this side' about how the 'other side' managed this issue of putting butter on the paws of film companies….and I damn near choke on the irony.
I guess this is politics and the reality is (the PM did not to my recollection utter those words this morning…please don't tell me if she did or I'll be tempted to abandon all hope) that this is how the game is played.
Sadly, it will take a stronger government than this to turn this around so more benefit from these ventures.
The accommodation aspect had not occurred to me….and of course you're right. Where are these folks going to stay?
Being a more often than not house bus dweller, my first reaction would be for these visitors to rent some of the vast fleet of motorhomes we have in NZ. Not only from the rental companies, but there are a couple of outfits that facilitate private motorhome owners to rent their vans out. (Not us, under any circumstances.)
Of course Queenstown is on the list of places where campers are simply not welcome….
I suppose there are a couple of those unwanted Kiwibuild houses free….
Plenty of billionaires' holiday palaces to rent to taxdodging movie companies.
I'm in this industry and accomodation will be a problem in Queenstown for the periods they will be shooting there. That's because there'll be a high proportion of non-locals involved.
Productions do make decisions based on things like the availability of accommodation. But it wouldn't be beyond them with a budget of this size to set up a temporary town!
Not so much in Auckland where most of the crew, production and extras will be local apart from a few heavyweights up from Wellington.
Of the main criteria overseas productions consider:
New Zealand has a permanent advantage with shooting locations and particularly the variety of different and untouched landscapes in close proximity.
There's a temporary advantage with the incentive scheme and to a lesser extend the exchange rate. Also, our crews are good and cheap (weak worker representation).
Where we fail is, as always, infrastructure. Studio space is awful, most productions having to use commercial warehouse space rather than proper sound studios which are few and far between. No one want to take the risk although that might be changing.
Lastly, American producers love to be on set, and NZ is a long way from anywhere. Canada is much closer and Europe is exciting and they can take their families. We can't do much about that, though.
In short, NZ landscapes and money is what swung this epic production here. Hopefully I can get a decent piece of it.
One more thing to consider is how long will actual outdoor landscapes be required in film-making…
…anyone seen the trailer for Lion King?
Thanks for that M/bird. Hope you get a piece of the action and moolah to match.
We're probably heading for a huge overshoot in residential accomodation in Queenstown. Too much development that's got a long way ahead of the local economy's ability to support. By the time this gets up and running all the builder's toys will be for sale on the road side, and To Let signs will be everywhere.
A lot of the new lower end hotels have been built to be easily adapted to worker accomodation as well, so the shift in tourism away from low yield markets could easily be taken up by a couple of film projects.
The tricky bit in Queenstown is where it's all based, most of the likely sites have been turned into housing. Although they could displace all the rental cars around Frankton (there's about 3Ha of them) but that's all next to the airport so difficult for a soundstage.
Auckland: https://www.rnz.co.nz/news/national/393416/very-high-level-talks-secure-filming-for-lord-of-the-rings-tv-series
Oops, missed that bit – will blame that on massive head cold, not age! Also now noticed that the article also talks about building studios in Queenstown. Perhaps in a perverse way it could end up being a plus for the accommodation crisis there if as part of the agreement to build studios they had to provide an accommodation town as suggested by Muttonbird – but a permanent one, rather than a temporary one.
Empathy on the head cold but mine is in its easing stages. Just wait for Shane Jones and his provincial slush fund to swoop in and subsidise productions by underwriting both studio and workers' housing in that impoverished region.
So yesterday it was Winston accusing people of being anti-immigration.
Today Labour handing out subsidies to the entertainment industry they said were evil for 9 years in opposition to the richest man in the world
You couldn't make it up
I also noticed Ardern is only half ditching the hobbit law and people still can't strike
Chris T go back to Sauron and lick his boots.
Al Gore gets talked about a lot due to his championing the environment.
Jerry Brown was talking to Kathryn on 9toNoon this a.m. and he is also well versed in the problems and solutions through being in California which was an early adopter of change, and so able to take on board the size of the problem that we are still grappling with and trying to wriggle away from.
https://www.rnz.co.nz/national/programmes/ninetonoon/audio/2018702246/california-governor-jerry-brown-on-climate-action
Tulsi! The winner from the first debate.
Funny video with two, yes two good jokes about Meghan McCain.
Yup, she's quite the hit with the right-wingnut and MAGA crowd.
https://www.buzzfeednews.com/article/rosiegray/tulsi-gabbard-maga-debate
??
Surely the right wingnut as Americans like to say will be voting for Trump again
Those voters who believed Trump's campaign talk about bringing back the troops , diminishing the military spend and using the money for repairing run down American infrastructure, and voted accordingly , could very well be interested in Gabbard.
These are the voters disappointed by Trump, and not necessarily right wing, unless anti imperialism passes for right wing in your circles
Those voters sucked in by the Fifth Avenue Fraud's talk about bringing home the troops, diminishing military spend and putting the money towards infrastructure showed a remarkable capacity for hearing only what they wanted to hear and ignoring the massive red flags thrown up by King Con's other talk. So yeah, they may indeed be suckered again by a few bait words from Gabbard and ignore the ugly realities of her total position which includes being pro-droning, surgical strikes, and cool with torture.
But look at the names mentioned in the Buzzfeed article (and links within) that are enthusiastic about Gabbard. You don't reckon Tucker Carlson, David Duke, Ann Coulter, Matt Drudge, Mike Cernovich, Steve Bannon, Richard Spencer et al are right-wing?
Andre thinks those dastardly Russians are controlling her, francesca. Pay him no mind.
Shouldn't be too hard on themselves going into 3 days to get things sorted that part of the world, look at Brexit for a comparision, even here it took a while longer to sort out the coalition govt.
https://www.euronews.com/2019/07/02/eu-leaders-seek-to-break-stalemate-on-top-jobs.
Would have thought the approach would be having sorted a majority block that agrees as one that a clear signal should be sent to the populace in the picks, that a progressive step has been taken by the EU in response to the changed vote direction & preliminary bounds for what those might entail. Then that block by majority decides the best candidates that can combine that with the practicalities of the tasks. Then you have the unanimous confirmatory vote.
The old cart before the horse problem of politics is universal though.
Has anyone else read this compelling Report?
Gordon Campbell on how the Americans are helping us realise the scale of the Operation Burnham fiasco.
http://www.scoop.co.nz/stories/HL1907/S00010/gordon-campbell-on-the-uss-operation-burnham-evidence.htm
Apart from the excellent Paula Penfold, our television "reporters" rarely mention it, and our radio stations are virtually silent. Maybe one of these days Annie Goldson will do another of her Afghanistan-based documentaries on it….
https://morrisseybreen.blogspot.com/2018/10/review-of-he-toki-huna-new-zealand-in.html
https://morrisseybreen.blogspot.com/2018/10/the-disturbing-story-behind-willie.html
Where are the Greens in leading the way to stop plastics at their source ?
There is so much more to do than just banning plastic carry bags.
https://thedailyblog.co.nz/2019/07/02/end-of-life-plastic-solutions-not-as-important-as-sources-greenpeace/
Being considerate. National & Labour have supported plastic since it appeared here in the early 1950s. It's only fair, then, to give them the opportunity to switch from supporting plastic pollution to eliminating it. So the Greens are standing back to watch the Nat/Labs fall over themselves competing to be first to solve the problem. Courtesy in politics is a timely radical move, eh?
Banning further oil drilling tackles the source.
"She's already laughing at him!" That halfwit Ben Shapiro being owned back in 2011
A couple of days ago, some fool on this mostly excellent forum claimed that Shapiro "is no idiot or racist." Just watch this and see if you think he's anything other than a sad, deluded idiot….
Idiot ideologue goes after Bert and Ernie, Big Bird, and their dangerous ilk.
Long before Andrew Neil pulled his wings off, Ben Shapiro had been thoroughly humiliated by Connie Martinson and, in this disastrous appearance, by Thom Hartmann…..
Thanks I hadn't seen that one Morrissey, it's always nice to see bigots being exposed for the morons that they are.
This bloke is especially egregious, because he seems to think he's an intellectual. He's not anything of the sort—as his embarrasing interviews with Connie Martinson, Thom Hartmann, and Andrew Neil show, he lacks the wherewithal to defend his outrageous statements with any semblance of coherent argument.
Shapiro is the American equivalent of Mike Hosking: he's pushy, self-involved, unembarrassable, and overwhelms weaker souls by talking non-stop and very quickly.
On the nail Morrissey – I listened for a while to this Shapiro guy – just as you describe. Unpleasant and obsessed with his own opinion to the point of mania.
Its good to see that our scientists have shown their concern on human caused climate change
More than 50 of New Zealand's top scientists call on Government to declare climate emergency
More than 50 of New Zealand's top scientists are calling for a declaration of a national climate emergency.
Some 52 signatories are current and former winners of the prestigious Rutherford Discovery Fellowship, an $800,000 grant given to 10 researchers each year to help retain and develop New Zealand's top scientific minds.
Quentin Atkinson, a professor at the University of Auckland, said scientists needed to be more vocal and urgent in pushing for change climate change ka kite ano link below.
https://i.stuff.co.nz/environment/climate-news/113946213/more-than-50-of-new-zealands-top-scientists-call-on-government-to-declare-climate-emergency
Kia ora Newshub.
Did you notice that the stuff ups in railway in Auckland stopped after Eco Maori pointed out the shit I no it a bit hard for you people living in your glass houses to believe but the rednecks will do anything to cheat a win didn't you see the links to national in that group. trump is empowering them in many ways
The correction of house prices is good for KIWIs first home buyers.
The business servaye is running by business who back national just more manipulation by them.
Why did nike put that flag on there new shoes good job for the damage to the brand for putting a flag on there shoes that support the old slave trade in America.
Ka kite ano.
Kia ora te ao Maori news.
Tuwharetua will not have been happy about all that waste water going into the taonga Taupo.
It's great that Tuwharetua IWI is working with Oranga tamariki to fix their troubled tamariki whanau.
Te puni kokiri is going back to focus on Maori wellbeing .
Its good to see Maori rising in our new government ka pai.
Tangata Whenua O Aotearoa being discriminated against because of their ta moko people have respect each other come on get on we have a beautiful country.
Ka kite ano
Some Eco Maori music for the minute.
https://youtu.be/tgIqecROs5M
Its good to see that there are more Wahine getting on power on the Papatuanuku stage. Congratulations
OPINION: After some intense horse-trading, International Monetary Fund managing director Christine Lagarde has been anointed Mario Draghi's successor as president of the European Central Bank. That signals a continuity of European monetary policy that won't please Donald Trump.
Lagarde was somewhat of a surprising choice to lead the ECB, having previously said she wasn't interested in any of the senior eurozone roles, including the ECB presidency. She would also be, not just the first woman to head the ECB, but the first non-economist and the first without any central banking experience
Once German defence minister, Ursula von der Leyen won the coveted presidency of the European Commission, however, the next most senior position available, the ECB presidency, was always going to be nominated by the other major European power, France.
Lagarde, a former French finance minister widely respected for her eight-year leadership of the IMF, was sponsored by French President Emmanuel ka kite ano link below.
https://i.stuff.co.nz/business/world/113980452/christine-lagarde-to-inherit-an-ailing-eurozone-and-an-unhappy-donald-trump
Some Eco Maori music for the minute
https://youtu.be/hlfQVvsNLFk
They play the same games no matter where Eco Maori goes
Good story George Monbiot that is exactly how I see OUR Papatuanuku people's reality being manipulated by the billionaires money to suit their greedy goals of being untouchable. Ma te wa time are changing now .
After urging land reform I now know the brute power of our billionaire press
A report I helped publish has led to attacks and flat-out falsehoods in the rightwing media. It’s clear whose interests they serve
All billionaires want the same thing – a world that works for them. For many, this means a world in which they are scarcely taxed and scarcely regulated; where labour is cheap and the planet can be used as a dustbin; where they can flit between tax havens and secrecy regimes, using the Earth’s surface as a speculative gaming board, extracting profits and dumping costs. The world that works for them works against us.
So how, in nominal democracies, do they get what they want? They fund political parties and lobby groups, set up fake grassroots (Astroturf) campaigns and finance social media ads. But above all, they buy newspapers and television stations. The widespread hope and expectation a few years ago was that, in the internet age, news controlled by billionaires would be replaced by news controlled by the people: social media would break their grip. But social media is instead dominated by stories the billionaire press generates. As their crucial role in promoting Nigel Farage, Brexit and Boris Johnson suggests, the newspapers are as powerful as ever.
They use this power not only to promote the billionaires’ favoured people and ideas, but also to shut down change before it happens. They deploy their attack dogs to take down anyone who challenges the programme. It is one thing to know this. It is another to experience it. A month ago I and six others published a report commissioned by the Labour party called Land for the Many. It proposed a set of policies that would be of immense benefit to the great majority of Britain’s people: ensuring that everyone has a good, affordable home; improving public amenities; shifting tax from ordinary people towards the immensely rich; protecting the living world; and enhancing public control over the decisions that affect our lives. We showed how the billionaires and other oligarchs ka kite ano link below.
https://www.theguardian.com/commentisfree/2019/jul/03/land-reform-brute-power-billionaire-press-attacks
Kia ora Newshub.
Its good that the rapid fire human killing guns are being taken off the streets.
Auckland is in a water shortage the people didn't take heed on conserving water they need a get the massage across with the media about the driest last 3 months in years.
That American Judge is discriminatory against the poor common people lettings a boy off serious charges because he is rich .?????
The microplasm bovine virus issue got blown out of the hemisphere because national tried to hide it swept it under the carpet the virus just kept on spreading.
I do think that our government needs to set up a climate change ministry to help people mitigate climate change issues.
Ka kite ano
Kia ora te ao Maori news.
Its cool that Oranga Rehua Marae program is getting a funding boost to help repair the damage caused by the Christchurch earthquake.
The Tuia 250 years since Captain Cook arrived celebration will or can be used as a tool to increase tangata whenua O Aotearoa mana wairua if we use it wisely.
Awesome to see te tamariki kapa haka going strong in Whakatane.
Ka pai to the tamariki of Ruatoki for their win in the kapa haka competition.
Mana Wahine gathering that is cool most Maori Wahine have great roles in our society' men just need to Show them the respect they deserve for gifting us Pepi.
Ka kite ano
Whanau more evidence that climate change is our reality .We have to stop burning carbon to protect our decendince mokopuna futures.
Giant heat dome over Alaska
All-time heat records are at risk in Alaska in the coming days as a massive and abnormally intense area of high pressure locks in and strengthens over the US region.
This heat dome is expected to produce temperatures near and above the highest values ever recorded for multiple days, particularly in southern parts of the state. It's the latest in a slew of record-shattering heat events in Alaska
Anchorage is predicted to match or best its highest-temperature ever recorded of 30 degrees Celsius (set in 1969) on five straight days between July 4 and 8. It could even flirt with 32C.
The US National Weather Service in Anchorage wrote that most of southern Alaska will be "downright hot with many locations in the 80s (high 20s) and even low 90s (low 30s)."
Ka kite ano link below.
https://i.stuff.co.nz/world/americas/114010402/alaska-set-for-record-heat
'Biggest compliment yet': Greta Thunberg welcomes oil chief's 'greatest threat' label
Activists say comments by Opec head prove world opinion is turning against fossil fuels
Greta Thunberg and other climate activists have said it is a badge of honour that the head of the world’s most powerful oil cartel believes their campaign may be the “greatest threat” to the fossil fuel industry.
The criticism of striking students by the trillion-dollar Organization of the Petroleum Exporting Countries (Opec) highlights the growing reputational concerns of oil companies as public protests intensify along with extreme weather
Mohammed Barkindo, the secretary general of Opec, said there was a growing mass mobilisation of world opinion against oil, which was “beginning to … dictate policies and corporate decisions, including investment in clean energy.
He said the pressure was also being felt within the families of Opec officials because their own children “are asking us about their future because … they see their peers on the streets campaigning against Ka kite ano link below.
https://www.theguardian.com/environment/2019/jul/05/biggest-compliment-yet-greta-thunberg-welcomes-oil-chiefs-greatest-threat-label
Some Eco Maori music for the minute.
https://youtu.be/5Yj4j_lZMBo
Mana Wahine its good to see more Wahine on the Papatuanuku stage with power. Kia kaha the men are making a big mess of our Papatuanuku at the minute.
When it comes to global leadership trends, men with the big egos appear to be back; Donald Trump, Vladimir Putin and Brazil’s Jair Bolsonaro to name a few.
But despite the trend, there’s also been moves to foster a more feminist approach to foreign policy
Lyric Thompson, director of policy and advocacy at the International Centre for Research on Women in Washington DC, says a feminist foreign policy is for all, the concept reflects that for the most part, foreign policy has been designed to reinforce the largely male-dominated and patriarchal structures in the global economy today.
“…it’s not saying only look at women, it’s saying look at the power structures that are expressed in a way that we organise everything from defence to trade to diplomacy and think about ways that we can restructure practice that enables a more equitable approach that is inclusive of folks that have historically been marginalised, including but not limiting to women
Ka kite ano link below.
https://www.rnz.co.nz/national/programmes/nights/audio/2018702171/feminist-foreign-policy