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
New Zealand is again having to reconcile conflicting pressures from its military and its trade interests. Should we join Pillar Two of AUKUS and risk compromising our markets in China? For a century after New Zealand was founded in 1840, its external security arrangements and external economics arrangements were aligned. ...
The ‘50 Shades of Green’ farmers’ protest in 2019 was heavy on climate change denial, but five years on, scepticism and criticism about the idea that pine forests can save us is growing across the board. File photo: Lynn GrievesonTL;DR: Here’s the top six news items of note in climate ...
This morning the sky was bright.The birds, in their usual joyous bliss. Nature doesn’t seem to feel the heat of what might angst humans.Their calls are clear and beautiful.Just some random thoughts:MāoriPaul Goldsmith has announced his government will roll back the judiciary’s rulings on Māori Customary Marine Title, which recognises ...
In 2003, the Court of Appeal delivered its decision in Ngati Apa v Attorney-General, ruling that Māori customary title over the foreshore and seabed had not been universally extinguished, and that the Māori Land Court could determine claims and confirm title if the facts supported it. This kicked off the ...
Earlier this week at Parliament, Labour leader Chris Hipkins was applauded for saying that the response to the final report of the Royal Commission of Inquiry into Abuse in Care had to be “bigger than politics.” True, but the fine words, apologies and “we hear you” messages will soon ring ...
TL;DR: In news breaking this morning:The Ministry of Education is cutting $2 billion from its school building programme so the National-ACT-NZ First Coalition Government has enough money to deliver tax cuts; The Government has quietly lowered its child poverty reduction targets to make them easier to achieve;Te Whatu Ora-Health NZ’s ...
Kia ora. These are some stories that caught our eye this week – as always, feel free to share yours in the comments. Our header image this week (via Eke Panuku) shows the planned upgrade for the Karanga Plaza Tidal Swimming Steps. The week in Greater Auckland On ...
1. What's not to love about the way the Harris campaign is turning things around?a. Nothingb. Love all of itc. God what a reliefd. Not that it will be by any means easye. All of the above 2. Documents released by the Ministry of Health show Associate Health Minister Casey ...
Trust in me in all you doHave the faith I have in youLove will see us through, if only you trust in meWhy don't you, you trust me?In a week that saw the release of the 3,000 page Abuse in Care report Christopher Luxon was being asked about Boot Camps. ...
TL;DR: The podcast above of the weekly ‘hoon’ webinar for paying subscribers last night features co-hosts and talking about the Royal Commission Inquiry into Abuse in Carereport released this week, and with:The Kākā’s climate correspondent on a UN push to not recognise carbon offset markets and ...
TL;DR: As of 6:00 am on Friday, July 26, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:Transport: Simeon Brown announced$802.9 million in funding for 18 new trains on the Wairarapa and Manawatū rail lines, which ...
The northern expressway extension from Warkworth to Whangarei is likely to require radical changes to legislation if it is going to be built within the foreseeable future. The Government’s powers to purchase land, the planning process and current restrictions on road tolling are all going to need to be changed ...
Text within this block will maintain its original spacing when publishedFirst they came for the doctors But I was confused by the numbers and costs So I didn't speak up Then they came for our police and nurses And I didn't think we could afford those costs anyway So I ...
Photo by Joshua J. Cotten on UnsplashWe’re back again after our mid-winter break. We’re still with the ‘new’ day of the week (Thursday rather than Friday) when we have our ‘hoon’ webinar with paying subscribers to The Kākā for an hour at 5 pm.Jump on this link on YouTube Livestream ...
Notes: This is a free article. Abuse in Care themes are mentioned. Video is at the bottom.BackgroundYesterday’s report into Abuse in Care revealed that at least 1 in 3 of all who went through state and faith based care were abused - often horrifically. At least, because not all survivors ...
Luxon speaks in Parliament yesterday about the Abuse in Care report. Photo: Hagen Hopkins/Getty ImagesTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy today are:PM Christopher Luxon said yesterday in tabling the Abuse in Carereport in Parliament he wanted to ‘do the ...
About a decade ago I worked with a bloke called Steve. He was the grizzled veteran coder, a few years older than me, who knew where the bodies were buried - code wise. Despite his best efforts to be approachable and friendly he could be kind of gruff, through to ...
Some of the recent announcements from the government have reminded us of posts we’ve written in the past. Here’s one from early 2020. There were plenty of reactions to the government’s infrastructure announcement a few weeks ago which saw them fund a bunch of big roading projects. One of ...
TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 7:00 am on Thursday, July 25 are:News: Why Electric Kiwi is closing to new customers - and why it matters RNZ’s Susan EdmundsScoop: Government drops ...
Hi,I felt a small wet tongue snaking through one of the holes in my Crocs. It explored my big toe, darting down one side, then the other. “He’s looking for some toe cheese,” said the woman next to me, words that still haunt me to this day.Growing up in New ...
Yesterday I happily quoted the Prime Minister without fact-checking him and sure enough, it turns out his numbers were all to hell. It’s not four kg of Royal Commission report, it’s fourteen.My friend and one-time colleague-in-comms Hazel Phillips gently alerted me to my error almost as soon as I’d hit ...
TL;DR: As of 6:00 am on Thursday, July 25, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day were:The Abuse in Care Royal Commission of Inquirypublished its final report yesterday.PM Christopher Luxon and The Minister responsible for ...
The Official Information Act has always been a battle between requesters seeking information, and governments seeking to control it. Information is power, so Ministers and government agencies want to manage what is released and when, for their own convenience, and legality and democracy be damned. Their most recent tactic for ...
TL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy today are:Transport and Energy Minister Simeon Brown is accelerating plans to spend at least $10 billion through Public Private Partnerships (PPPs) to extend State Highway One as a four-lane ‘Expressway’ from Warkworth to Whangarei ...
I live my life (woo-ooh-ooh)With no control in my destinyYea-yeah, yea-yeah (woo-ooh-ooh)I can bleed when I want to bleedSo come on, come on (woo-ooh-ooh)You can bleed when you want to bleedYea-yeah, come on (woo-ooh-ooh)Everybody bleed when they want to bleedCome on and bleedGovernments face tough challenges. Selling unpopular decisions to ...
Please note:To skip directly to the- parliamentary footage in the video, scroll to 1:21 To skip to audio please click on the headphone iconon the left hand side of the screenThis video / audio section is under development. ...
Given the crackdown on wasteful government spending, it behooves me to point to a high profile example of spending by the Luxon government that looks like a big, fat waste of time and money. I’m talking about the deployment of NZDF personnel to support the US-led coalition in the Red ...
TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 7:40 am on Wednesday, July 24 are:Deep Dive: Chipping away at the housing crisis, including my comments RNZ/Newsroom’s The DetailNews: Government softens on asset sales, ...
As I reported about the city centre, Auckland’s rail network is also going through a difficult and disruptive period which is rapidly approaching a culmination, this will result in a significant upgrade to the whole network. Hallelujah. Also like the city centre this is an upgrade predicated on the City ...
Today, a 4 kilogram report will be delivered to Parliament. We know this is what the report of the Royal Commission of Inquiry into Abuse in State and Faith-based Care weighs, because our Prime Minister told us so.Some reporter had blindsided him by asking a question about something done by ...
TL;DR: As of 7:00 am on Wednesday, July 24, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:Beehive:Transport Minister Simeon Brownannounced plans to use PPPs to fund, build and run a four-lane expressway between Auckland ...
NewstalkZB host Mike Hosking, who can usually be relied on to give Prime Minister Christopher Luxon an easy run, did not do so yesterday when he interviewed him about the HealthNZ deficit. Luxon is trying to use a deficit reported last year by HealthNZ as yet another example of the ...
Back in January a StatsNZ employee gave a speech at Rātana on behalf of tangata whenua in which he insulted and criticised the government. The speech clearly violated the principle of a neutral public service, and StatsNZ started an investigation. Part of that was getting an external consultant to examine ...
Renting for life: Shared ownership initiatives are unlikely to slow the slide in home ownership by much. Photo: Lynn Grieveson / The KākāTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy today are:A Deloittereport for Westpac has projected Aotearoa’s home-ownership rate will ...
You're broken down and tiredOf living life on a merry go roundAnd you can't find the fighterBut I see it in you so we gonna walk it outAnd move mountainsWe gonna walk it outAnd move mountainsAnd I'll rise upI'll rise like the dayI'll rise upI'll rise unafraidI'll rise upAnd I'll ...
There’s been a change in Myers Park. Down the steps from St. Kevin’s Arcade, past the grassy slopes, the children’s playground, the benches and that goat statue, there has been a transformation. The underpass for Mayoral Drive has gone from a barren, grey, concrete tunnel, to a place that thrums ...
This is a re-post from Yale Climate Connections Global society may have finally slammed on the brakes for climate-warming pollution released by human fossil fuel combustion. According to the Carbon Monitor Project, the total global climate pollution released between February and May 2024 declined slightly from the amount released during the same ...
TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 7:00 am on Tuesday, July 23 are:Deep Dive: Penlink: where tolling rhetoric meets reality BusinessDesk-$$$’sOliver LewisScoop:Te Pūkenga plans for regional polytechs leak out ...
TL;DR: As of 6:00 am on Tuesday, July 23, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:Health: Shane Reti announcedthe Board of Te Whatu Ora-Health New Zealand was being replaced with Commissioner Lester Levy ...
Health NZ warned the Government at the end of March that it was running over Budget. But the reasons it gave were very different to those offered by the Prime Minister yesterday. Prime Minister Christopher Luxon blamed the “botched merger” of the 20 District Health Boards (DHBs) to create Health ...
Long ReadKey Summary: Although National increased the health budget by $1.4 billion in May, they used an old funding model to project health system costs, and never bothered to update their pre-election numbers. They were told during the Health Select Committees earlier in the year their budget amount was deficient, ...
As a momentous, historic weekend in US politics unfolded, analysts and commentators grasped for precedents and comparisons to help explain the significance and power of the choice Joe Biden had made. The 46th president had swept the Democratic party’s primaries but just over 100 days from the election had chosen ...
TL;DR: I’m casting around for new ideas and ways of thinking about Aotearoa’s political economy to find a few solutions to our cascading and self-reinforcing housing, poverty and climate crises.Associate Professor runs an online masters degree in the economics of sustainability at Torrens University in Australia and is organising ...
The Finance and Expenditure Committee has reported back on National's Local Government (Water Services Preliminary Arrangements) Bill. The bill sets up water for privatisation, and was introduced under urgency, then rammed through select committee with no time even for local councils to make a proper submission. Naturally, national's select committee ...
Some years ago, I bought a book at Dunedin’s Regent Booksale for $1.50. As one does. Vandrad the Viking (1898), by J. Storer Clouston, is an obscure book these days – I cannot find a proper online review – but soon it was sitting on my shelf, gathering dust alongside ...
History is not on the side of the centre-left, when Democratic presidents fall behind in the polls and choose not to run for re-election. On both previous occasions in the past 75 years (Harry Truman in 1952, Lyndon Johnson in 1968) the Democrats proceeded to then lose the White House ...
This is a free articleCoverageThis morning, US President Joe Biden announced his withdrawal from the Presidential race. And that is genuinely newsworthy. Thanks for your service, President Biden, and all the best to you and yours.However, the media in New Zealand, particularly the 1News nightly bulletin, has been breathlessly covering ...
A homeless person’s camp beside a blocked-off slipped damage walkway in Freeman’s Bay: we are chasing our tail on our worsening and inter-related housing, poverty and climate crises. Photo: Photo: Lynn Grieveson / The KākāTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy ...
What has happened to it all?Crazy, some'd sayWhere is the life that I recognise?(Gone away)But I won't cry for yesterdayThere's an ordinary worldSomehow I have to findAnd as I try to make my wayTo the ordinary worldYesterday morning began as many others - what to write about today? I began ...
TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 7:00 am on Monday, July 22 are:Today’s Must Read: Father and son live in a tent, and have done for four years, in a million ...
TL;DR: As of 7:00 am on Monday, July 22, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:US President Joe Biden announced via X this morning he would not stand for a second term.Multinational professional services firm ...
A listing of 32 news and opinion articles we found interesting and shared on social media during the past week: Sun, July 14, 2024 thru Sat, July 20, 2024. Story of the week As reflected by preponderance of coverage, our Story of the Week is Project 2025. Until now traveling ...
This weekend, a friend pointed out someone who said they’d like to read my posts, but didn’t want to pay. And my first reaction was sympathy.I’ve already told folks that if they can’t comfortably subscribe, and would like to read, I’d be happy to offer free subscriptions. I don’t want ...
National: The Party of ‘Law and Order’ IntroductionThis weekend, the Government formally kicked off one of their flagship policy programs: a military style boot camp that New Zealand has experimented with over the past 50 years. Cartoon credit: Guy BodyIt’s very popular with the National Party’s Law and Orderimage, ...
Day one of the solo leg of my long journey home begins with my favourite sound: footfalls in an empty street. 5.00 am and it’s already light and already too warm, almost.If I can make the train that leaves Budapest later this hour I could be in Belgrade by nightfall; ...
Do you remember Y2K, the threat that hung over humanity in the closing days of the twentieth century? Horror scenarios of planes falling from the sky, electronic payments failing and ATMs refusing to dispense cash. As for your VCR following instructions and recording your favourite show - forget about it.All ...
Climate Change Minister Simon Watts being questioned by The Kākā’s Bernard Hickey.TL;DR: My top six things to note around housing, climate and poverty in Aotearoa’s political economy in the week to July 20 were:1. A strategy that fails Zero Carbon Act & Paris targetsThe National-ACT-NZ First Coalition Government finally unveiled ...
Summary:As New Zealand loses at least 12 leaders in the public service space of health, climate, and pharmaceuticals, this month alone, directly in response to the Government’s policies and budget choices, what lies ahead may be darker than it appears. Tui examines some of those departures and draws a long ...
The Minister of Housing’s ambition is to reduce markedly the ratio of house prices to household incomes. If his strategy works it would transform the housing market, dramatically changing the prospects of housing as an investment.Leaving aside the Minister’s metaphor of ‘flooding the market’ I do not see how the ...
As previously noted, my historical fantasy piece, set in the fifth-century Mediterranean, was accepted for a Pirate Horror anthology, only for the anthology to later fall through. But in a good bit of news, it turned out that the story could indeed be re-marketed as sword and sorcery. As of ...
An employee of tobacco company Philip Morris International demonstrates a heated tobacco device. Photo: Getty ImagesTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy on Friday, July 19 are:At a time when the Coalition Government is cutting spending on health, infrastructure, education, housing ...
TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 8:30 am on Friday, July 19 are:Scoop: NZ First Minister Casey Costello orders 50% cut to excise tax on heated tobacco products. The minister has ...
Kia ora, it’s time for another Friday roundup, in which we pull together some of the links and stories that caught our eye this week. Feel free to add more in the comments! Our header image this week shows a foggy day in Auckland town, captured by Patrick Reynolds. ...
TL;DR : Here’s the top six items climate news for Aotearoa this week, as selected by Bernard Hickey and The Kākā’s climate correspondent Cathrine Dyer. A discussion recorded yesterday is in the video above and the audio of that sent onto the podcast feed.The Government released its draft Emissions Reduction ...
Save some money, get rich and old, bring it back to Tobacco Road.Bring that dynamite and a crane, blow it up, start all over again.Roll up. Roll up. Or tailor made, if you prefer...Whether you’re selling ciggies, digging for gold, catching dolphins in your nets, or encouraging folks to flutter ...
Waiting In The Wings:For truly, if Trump is America’s un-assassinated Caesar, then J.D. Vance is America’s Octavian, the Republic’s youthful undertaker – and its first Emperor.DONALD TRUMP’S SELECTION of James D. Vance as his running-mate bodes ill for the American republic. A fervent supporter of Viktor Orban, the “illiberal” prime ...
TL;DR: As of 6:00 am on Friday, July 19, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:The PSAannounced the Employment Relations Authority (ERA) had ruled in the PSA’s favour in its case against the Ministry ...
TL;DR: The podcast above of the weekly ‘hoon’ webinar for paying subscribers last night features co-hosts and talking with:The Kākā’s climate correspondent talking about the National-ACT-NZ First Government’s release of its first Emissions Reduction Plan;University of Otago Foreign Relations Professor and special guest Dr Karin von ...
Open access notablesImproving global temperature datasets to better account for non-uniform warming, Calvert, Quarterly Journal of the Royal Meteorological Society:To better account for spatial non-uniform trends in warming, a new GITD [global instrumental temperature dataset] was created that used maximum likelihood estimation (MLE) to combine the land surface ...
A late change to charter school legislation will cheat educators out of fair pay and negotiating power proving charter schools are just a vehicle to make profit out of our education system. ...
In 2004 te iwi Māori rallied against the Crown’s attempt to confiscate our coastlines and moana with the Foreshore and Seabed Act. This led to the largest hīkoi of a generation and the birth of Te Pāti Māori. 20 years later, history is repeating itself. Today the government has announced ...
It has been five and a half years since the Royal Commission of Inquiry into Abuse in Care was established to investigate the abuse of children, young people, and vulnerable adults within state and faith-based institutions. Yesterday, the final report - Whanaketia through pain and trauma, from darkness to light ...
The Green Party is calling on the Government to take action off the back of the International Court of Justice ruling on Israel’s illegal occupation of Palestine. ...
On Friday the International Court of Justice reaffirmed what Palestinian’s have been telling us for decades: that the occupation and colonisation of Palestinian lands by Israel is illegal and must end immediately. They also called for reparations for Palestinian’s who have lived under Israeli occupation since it began in 1967. ...
Labour calls on the Government to act after the International Court of Justice (ICJ) ruled that Israel’s occupation of Palestinian Territories is illegal. ...
The 53.7 percent rise in benefit sanctions over the last year is more proof of this Government’s disdain for our communities most in need of support. ...
Aotearoa could be a country where every child grows up feeling safe, loved and with a sense of belonging in their whānau and community. But for some of our children, this is far from reality. Instead, they are trapped in a maze of intergenerational harm that they can’t escape on ...
Te Pāti Māori are calling for David Seymour to resign as Associate Health Minister in response to his call for Pharmac to ignore the Treaty of Waitangi. “This announcement is just another example of the government’s anti-Tiriti, anti-Māori agenda.” Said Co-leader and spokesperson for health, Debbie Ngarewa-Packer. “Seymour thinks it ...
The soaring price of renting is driving the rise of inflation in this country - with latest figures from Stats NZ showing rents are up 4.8 per cent on average while annual inflation is at 3.3 per cent. ...
National’s Emissions Reduction Plan will take New Zealand further from the economy we need to ensure the next generation has a stable climate and secure livelihoods. ...
Following consultation with named parties and thorough consideration of privacy interests, the Green Party is in a position to release the Executive Summary of the final report from the independent investigation into Darleen Tana. ...
Prime Minister Christopher Luxon should be asking serious questions of his Minister for Resources Shane Jones now it’s been revealed he misled the public about a dinner with mining companies that he didn’t declare and said wasn’t pre-arranged. ...
Te Pāti Māori have submitted to the Justice Select Committee against the Sentencing (Reinstating Three Strikes) Amendment Bill. The bill will further entrench racism in our justice system and fails to focus on rehabilitation. “Reinstating Three Strikes will empower a systematically racist system and exacerbate the overrepresentation of Māori in ...
The Transport and Infrastructure Committee is set to make a determination on the Residential Tenancies Amendment (RTA) Bill in the coming weeks. “This legislation will give landlords the power to kick our whānau out onto the street for no reason” said Housing spokesperson, Mariameno Kapa-Kingi. “Their solution to the housing ...
“National’s campaign was about tackling crime and the best they can do is a two-year long Ministerial Advisory Group,” Labour justice spokesperson Duncan Webb said. ...
“There are more examples of charter schools failing their students than there are success stories. The coalition Government is driving to dismantle our public school system and instead promote a privatised, competitive structure that puts profits before kids,” Jan Tinetti said. ...
“This government is choosing to deliberately mislead and withhold information, keeping our people in the dark about this government’s agenda and the future of our mokopuna,” said co-leader and spokesperson for Health, Debbie Ngarewa-Packer. The call comes after the demand from the Chief Ombudsman that Associate Minister of Health, Casey ...
“Today’s climate announcement by Simon Watts makes clear the National Government is simply paying lip service to meeting its climate change targets,” Megan Woods said. ...
National is choosing to make life harder for workers by taking away the rights our communities have fought hard for. Here's how they’re taking workers backwards. ...
Australia, Canada and New Zealand today issued the following statement on the need for an urgent ceasefire in Gaza and the risk of expanded conflict between Hizballah and Israel. The situation in Gaza is catastrophic. The human suffering is unacceptable. It cannot continue. We remain unequivocal in our condemnation of ...
Attorney-General Judith Collins today reminded all State and faith-based institutions of their legal obligation to preserve records relevant to the safety and wellbeing of those in its care. “The Abuse in Care Inquiry’s report has found cases where records of the most vulnerable people in State and faith‑based institutions were ...
Minister of Internal Affairs Brooke van Velden says the Government’s online safety website for children and young people has reached one million page views. “It is great to see so many young people and their families accessing the site Keep It Real Online to learn how to stay safe online, and manage ...
Tēnā tātou katoa, Ngā mihi te rangi, ngā mihi te whenua, ngā mihi ki a koutou, kia ora mai koutou. Thank you for the opportunity to be here and the invitation to speak at this 50th anniversary conference. I acknowledge all those who have gone before us and paved the ...
New Zealand’s payroll providers have successfully prepared to ensure 3.5 million individuals will, from Wednesday next week, be able to keep more of what they earn each pay, says Finance Minister Nicola Willis and Revenue Minister Simon Watts. “The Government's tax policy changes are legally effective from Wednesday. Delivering this tax ...
An experimental vineyard which will help futureproof the wine sector has been opened in Blenheim by Associate Regional Development Minister Mark Patterson. The covered vineyard, based at the New Zealand Wine Centre – Te Pokapū Wāina o Aotearoa, enables controlled environmental conditions. “The research that will be produced at the Experimental ...
The Coalition Government has confirmed the indicative regional breakdown of North Island Weather Event (NIWE) funding for state highway recovery projects funded through Budget 2024, Transport Minister Simeon Brown says. “Regions in the North Island suffered extensive and devastating damage from Cyclone Gabrielle and the 2023 Auckland Anniversary Floods, and ...
Indonesia’s Foreign Minister, Retno Marsudi, will visit New Zealand next week, Foreign Minister Winston Peters has announced. “Indonesia is important to New Zealand’s security and economic interests and is our closest South East Asian neighbour,” says Mr Peters, who is currently in Laos to engage with South East Asian partners. ...
He aha te kai a te rangatira? He kōrero, he kōrero, he kōrero. The government has reaffirmed its commitment to supporting the aspirations of Ngāti Maniapoto, Minister for Māori Development Tama Potaka says. “My thanks to Te Nehenehenui Trust – Ngāti Maniapoto for bringing their important kōrero to a ministerial ...
Transport Minister Simeon Brown has thanked outgoing Chair of the Civil Aviation Authority, Janice Fredric, for her service to the board.“I have received Ms Fredric’s resignation from the role of Chair of the Civil Aviation Authority,” Mr Brown says.“On behalf of the Government, I want to thank Ms Fredric for ...
The Government is proposing legislation to overturn a Court of Appeal decision and amend the Marine and Coastal Area Act in order to restore Parliament’s test for Customary Marine Title, Treaty Negotiations Minister Paul Goldsmith says. “Section 58 required an applicant group to prove they have exclusively used and occupied ...
Regulation Minister David Seymour says that opposition parties have united in bad faith, opposing what they claim are ‘dangerous changes’ to the Early Childhood Education sector, despite no changes even being proposed yet. “Issues with affordability and availability of early childhood education, and the complexity of its regulation, has led ...
After receiving more than 740 submissions in the first 20 days, Regulation Minister David Seymour is asking the Ministry for Regulation to extend engagement on the early childhood education regulation review by an extra two weeks. “The level of interest has been very high, and from the conversations I’ve been ...
The Coalition Government is investing $802.9 million into the Wairarapa and Manawatū rail lines as part of a funding agreement with the NZ Transport Agency (NZTA), KiwiRail, and the Greater Wellington and Horizons Regional Councils to deliver more reliable services for commuters in the lower North Island, Transport Minister Simeon ...
Local Government Minister Simeon Brown has announced his intention to appoint a Crown Manager to both Hawke’s Bay Regional and Wairoa District Councils to speed up the delivery of flood protection work in Wairoa."Recent severe weather events in Wairoa this year, combined with damage from Cyclone Gabrielle in 2023 have ...
Mr Speaker, this is a day that many New Zealanders who were abused in State care never thought would come. It’s the day that this Parliament accepts, with deep sorrow and regret, the Report of the Royal Commission of Inquiry into Abuse in Care. At the heart of this report are the ...
For the first time, the Government is formally acknowledging some children and young people at Lake Alice Psychiatric Hospital experienced torture. The final report of the Royal Commission of Inquiry into Abuse in State and Faith-based Care “Whanaketia – through pain and trauma, from darkness to light,” was tabled in Parliament ...
The Government has acknowledged the nearly 2,400 courageous survivors who shared their experiences during the Royal Commission of Inquiry into Historical Abuse in State and Faith-Based Care. The final report from the largest and most complex public inquiry ever held in New Zealand, the Royal Commission Inquiry “Whanaketia – through ...
With a week to go before hard-working New Zealanders see personal income tax relief for the first time in fourteen years, 513,000 people have used the Budget tax calculator to see how much they will benefit, says Finance Minister Nicola Willis. “Tax relief is long overdue. From next Wednesday, personal income ...
Workplace Relations and Safety Minister Brooke van Velden says a bill that has passed its first reading will improve parental leave settings and give non-biological parents more flexibility as primary carer for their child. The Regulatory Systems Amendment Bill (No3), passed its first reading this morning. “It includes a change ...
Two Bills designed to improve regulation and make it easier to do business have passed their first reading in Parliament, says Economic Development Minister Melissa Lee. The Regulatory Systems (Economic Development) Amendment Bill and Regulatory Systems (Immigration and Workforce) Amendment Bill make key changes to legislation administered by the Ministry ...
New legislation paves the way for greater competition in sectors such as banking and electricity, Commerce and Consumer Affairs Minister Andrew Bayly says. “Competitive markets boost productivity, create employment opportunities and lift living standards. To support competition, we need good quality regulation but, unfortunately, a recent OECD report ranked New ...
Minister of Internal Affairs Brooke van Velden says lotteries for charitable purposes, such as those run by the Heart Foundation, Coastguard NZ, and local hospices, will soon be allowed to operate online permanently. “Under current laws, these fundraising lotteries are only allowed to operate online until October 2024, after which ...
The Coalition Government is accelerating work on the new four-lane expressway between Auckland and Whangārei as part of its Roads of National Significance programme, with an accelerated delivery model to deliver this project faster and more efficiently, Transport Minister Simeon Brown says. “For too long, the lack of resilient transport connections ...
Sir Don McKinnon will travel to Viet Nam this week as a Special Envoy of the Government, Foreign Minister Winston Peters has announced. “It is important that the Government give due recognition to the significant contributions that General Secretary Nguyen Phu Trong made to New Zealand-Viet Nam relations,” Mr ...
Minister of Internal Affairs Brooke van Velden says newly appointed Commissioner, Grant Illingworth KC, will help deliver the report for the first phase of the Royal Commission of Inquiry into COVID-19 Lessons, due on 28 November 2024. “I am pleased to announce that Mr Illingworth will commence his appointment as ...
Foreign Minister Winston Peters travels to Laos this week to participate in a series of Association of Southeast Asian Nations (ASEAN)-led Ministerial meetings in Vientiane. “ASEAN plays an important role in supporting a peaceful, stable and prosperous Indo-Pacific,” Mr Peters says. “This will be our third visit to ...
Construction of a new mental health facility at Te Nikau Grey Hospital in Greymouth is today one step closer, Mental Health Minister Matt Doocey says. “This $27 million facility shows this Government is delivering on its promise to boost mental health care and improve front line services,” Mr Doocey says. ...
New Zealand is committing nearly $50 million to a package supporting sustainable Pacific fisheries development over the next four years, Foreign Minister Winston Peters and Oceans and Fisheries Minister Shane Jones announced today. “This support consisting of a range of initiatives demonstrates New Zealand’s commitment to assisting our Pacific partners ...
Associate Education Minister David Seymour says proposed changes to the Education and Training Amendment Bill will ensure charter schools have more flexibility to negotiate employment agreements and are equipped with the right teaching resources. “Cabinet has agreed to progress an amendment which means unions will not be able to initiate ...
In response to serious concerns around oversight, overspend and a significant deterioration in financial outlook, the Board of Health New Zealand will be replaced with a Commissioner, Health Minister Dr Shane Reti announced today. “The previous government’s botched health reforms have created significant financial challenges at Health NZ that, without ...
Minister for Space and Science, Innovation and Technology Judith Collins will travel to Adelaide tomorrow for space and science engagements, including speaking at the Australian Space Forum. While there she will also have meetings and visits with a focus on space, biotechnology and innovation. “New Zealand has a thriving space ...
Climate Change Minister Simon Watts will travel to China on Saturday to attend the Ministerial on Climate Action meeting held in Wuhan. “Attending the Ministerial on Climate Action is an opportunity to advocate for New Zealand climate priorities and engage with our key partners on climate action,” Mr Watts says. ...
Oceans and Fisheries Minister Shane Jones is travelling to the Solomon Islands tomorrow for meetings with his counterparts from around the Pacific supporting collective management of the region’s fisheries. The 23rd Pacific Islands Forum Fisheries Committee and the 5th Regional Fisheries Ministers’ Meeting in Honiara from 23 to 26 July ...
The Government today launched the Military Style Academy Pilot at Te Au rere a te Tonga Youth Justice residence in Palmerston North, an important part of the Government’s plan to crackdown on youth crime and getting youth offenders back on track, Minister for Children, Karen Chhour said today. “On the ...
The Government has welcomed news the NZ Transport Agency (NZTA) has begun work to replace nine priority bridges across the country to ensure our state highway network remains resilient, reliable, and efficient for road users, Transport Minister Simeon Brown says.“Increasing productivity and economic growth is a key priority for the ...
Acting Prime Minister David Seymour has been in contact throughout the evening with senior officials who have coordinated a whole of government response to the global IT outage and can provide an update. The Department of the Prime Minister and Cabinet has designated the National Emergency Management Agency as the ...
New Zealand and Japan will continue to step up their shared engagement with the Pacific, Foreign Minister Winston Peters says. “New Zealand and Japan have a strong, shared interest in a free, open and stable Pacific Islands region,” Mr Peters says. “We are pleased to be finding more ways ...
New developments in the heart of North Island forestry country will reinvigorate their communities and boost economic development, Regional Development Minister Shane Jones says. Mr Jones visited Kaingaroa and Kawerau in Bay of Plenty today to open a landmark community centre in the former and a new connecting road in ...
President Adeang, fellow Ministers, honourable Diet Member Horii, Ambassadors, distinguished guests. Minasama, konnichiwa, and good afternoon, everyone. Distinguished guests, it’s a pleasure to be here with you today to talk about New Zealand’s foreign policy reset, the reasons for it, the values that underpin it, and how it ...
Last summer when Matairangi burned, Ginny and Tom stood at the window of their lounge, watching kākā shoot skyward from the burning trees. From the distance, they looked to Ginny like pages torn from books and thrown into a bonfire. It was Tom, voice tight, who told her it was ...
Opinion: The Canadian short story writer Alice Munro – winner of the Nobel Prize in Literature in 2013 – died in May at the age of 92. Her work was about “the damage people inflict on one another in the name of love”, Deborah Treisman wrote in the New Yorker. ...
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Comment: After Climate Change Minister Simon Watts’ preview several weeks ago, I had some optimism about the Government’s emissions reduction plan. Now I’ve read the discussion document, that hope has been dashed. How can the Government propose a plan that wants to take New Zealand taxpayers’ hard-earned money, and spend ...
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Celebrating our quadrennial opportunity to become experts in a bunch of sports we never normally watch.The games of the XXXIII Olympiad are upon us. Paris will host this year’s showcase of sporting and athletic prowess, which means some late-night and early-morning viewing for us in Aotearoa.But what sports ...
The photograph is striking and beautiful, but also disturbing – a reminder that my love for John was often entangled in shame.The Sunday Essay is made possible thanks to the support of Creative New Zealand.In the spring of 1980, in Dunedin, shortly before his death, someone took a photograph ...
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Pacific Media Watch A Lebanese photojournalist who was severely wounded during an Israeli air strike in south Lebanon carried the Olympic torch in Paris this week in honour of her peers who have been wounded and killed in the field — especially in Gaza and Lebanon. Christina Assi of Agence ...
The first report in a five-part web series focused on the 15th Triennial Conference of Pacific Women taking place in the Marshall Islands this week.SPECIAL REPORT:By Netani Rika in Majuro Women continue to fight for justice 70 years after the first nuclear tests by the United States caused ...
Christopher Luxon has joined with Australia and Canada's leaders in voicing support for US President Joe Biden's ceasefire deal between Israel and Hamas. ...
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The Abuse in Care report found many Pacific survivors lost their connections to their culture and language, resulting in trauma that has been carried from generation to generation. ...
In the regulatory review, ECC intends to suggest that ERO focus on curriculum delivery reviews rather than the Ministry, because it’s not efficient or effective to have two agencies with radically different approaches climbing over each other. ...
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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