The same people live in the same houses but the banks now own them.
The world financial crisis will continue until governments take control of the money. Money should be a catalyst to create wealth, not an imaginary commodity used to trick and enslave us.
In New Zealand, house prices doubled between 2002 and 2007 and households added about $100 billion of foreign debt. This was virtually ignored by the Reserve Bank, which stuck to its knitting of keeping consumer price inflation between 1 and 3 per cent a year over the medium term.
Young Kiwis can’t afford to buy their own home … because of an explosion in prices. Poorer families are now paying higher rents because of the huge inflation in asset prices. Exporters are driven out of business because the kiwi is overvalued by 15 per cent, as measured by the IMF. Our current account deficit is growing, despite nearly six years of slow-to-low growth. Our GDP per capita is lower this year than it was in 2003.
The RBNZ is equivalent to the lunatics running the asylum. Most people know of the OCR through hearing about it ad-nauseum in the media but I doubt even 1% of the population know what it is & even fewer know why it is meant to keep inflation down.
The biggest irony of the RBNZs use of the OCR is that it’s intended to control the amount of money that banks lend by soaking up excess bank reserves. The reality was the banks just kept borrowing more from overseas when they ran short of reserves, the OCR never really affected their lending. We had low inflation but not for the right reasons. House prices aren’t part of the CPI so the massive inflation in the housing market didn’t show up as inflation.
The RBNZ have dug a huge economic hole for the country and none of the beancounters know how to get us out of it.
The RBNZ have dug a huge economic hole for the country and none of the beancounters know how to get us out of it.
I think that they do know how to get us out of it but they won’t as it means that the free-market is a failure and they can’t admit that even though the GFC is proof positive of that failure. There’s only one way to get us out of the hole that free-market economics has put us in and that’s to restrict money flows and that they just won’t do as they keep harping on about needing foreign capital to use our own resources.
Nah, they’re just stumped don’t credit them with abilities they don’t have. Inflation was kept down because we imported deflation, the reducing price of imports kept the CPI artificially low. Imports got cheaper because the overseas borrowing pushed the $NZD up, plus China started powering up with cheaper manufactured goods. NZ manufacturers couldn’t compete & started closing down so we imported more & more which kept the CPI down even more.
The problem now is that we rely on imports for just about every sector of the economy. Any attempt to drive the $NZD down will lead to high inflation in consumer goods and the RBNZ have to keep inflation below certain targets. They don’t know how to get the $NZD down AND keep inflation down. They steered the country down a no-exit road. Useless gits.
My take on the inflation targets,purely political, the middle class who hold the bulk of the votes in saying who will be the Government and who also happen to be the bulk holders of home mortgages or wanting to will not tolerate high interest rates and will vote accordingly,
My view is that the inflation target should stay, smart economics says that there can be inflation of 3%, a lower valued NZ dollar, increased employment and lower costs to housing both in the rental and sales markets,
Produce the monies to seriously increase the number of State House rentals, spend those monies into the economy at a pace that leaves the inflation rate at 2.5-3%, dilute the value of the NZDollar by having expanded capital, lower unemployment with an ongoing building program, take the steam out of all areas of the housing market by markedly increasing the housing supply,and, increase activity in the local economy which is driven by household spending simply by having produced more households…
Imports got cheaper because the overseas borrowing pushed the $NZD up…
The NZ$ was driven up by the high interest rates that the high OCR used to reduce inflation as people overseas were buying heavily in NZ$ denominated bonds sold by the banks. These bonds increased the banks capital ratio and thus allowing them to increase the lending that they could do which meant that the market was flooded with hot money – lots of hot money. A lot of that hot money went on houses pushing the price of houses up and the rest went on spending binges as people realised that they could re-mortgage and buy boats, cars, stereos etc etc which pushes the CPI up forcing the RBNZ to put the OCR up…rinse and repeat.
Now, according to the delusional free-market theory the people overseas should have looked at the massive amounts of private borrowing that NZers were doing and stopped buying NZ$. This didn’t happen because 1) the people with the money were greedy and went for the high returns and 2) a lack of investment options.
And, yeah, the deflation that was caused by China becoming a massive, high tech exporter. Increased productivity must result in deflation. This is something else that the mainstream economists get wrong. They tell us that increased productivity results in increased wages yet when we look over the last few decades what we see from increased productivity is stagnant and/or decreasing wages and boosted profits.
Any attempt to drive the $NZD down will lead to high inflation in consumer goods and the RBNZ have to keep inflation below certain targets.
Reduce the OCR to zero, stop the banks selling NZ$ denominated bonds, and have the government start printing money to fund building state houses and factories. This should drop the NZ$ making imports more expensive while also boosting NZ manufacturing. Yes, there will be some inflation but NZ will survive it and be stronger afterwards.
None of this will happen though even with a left-wing government because they’re to infatuated with the failed free-market and so we’ll continue our march to the sea cliffs.
The relatively easy ‘fix’ to the problems within housing are the same as circa 1930’s, Government simply need print enough monies into circulation so as to dilute the value of the New Zealand dollar,
The monies so produced need be spent by the State in the construction of low cost rental housing owned and rented out by the State on the basis of 25% of income for the tenant(s),
Part of the structural fault within the NZ economy lies in the fact that as ‘Rogernomics’ built a new class of poor beneficiaries who were then the most ‘needy’ in terms of State Housing those employed at the minimum wage and up to the point of ‘Rogernomics’ were those traditionally housed by the State at rentals of 25% of household income,
As this change in the structure of the economy took place minimum wage workers were forced to spend more than 25% of their income on private rental accomodation thus seriously curtailing their ability to have and spend into the economy disposable income,
A large number of structural economic issues along with a wide range of social needs can be addressed simply by dramatically increasing the number of State House rentals…
The RBNZ note there that not much of the increase in housing stock was new houses and even that was subject to increased prices as well so a doubling of house prices between 2002 & 2007 looks about right.
Thank you DH. You have not commented on the sharp drop in House Prices after 08 and the “negative” increase about 2009. It would enhance your credibility if you gave us the full picture.
Auckland prices didn’t suffer a sharp drop in 2008 unless you call a 5% decline a sharp drop and since then risen consistently because of shortage of supply.
It would enhance your own credibility if you addressed the points raised.
Even if the GFC (which just might have temporarily affected house financing) resulted in a cumulative drop of around a fifth of peak prices, that’s still a five year increase in housing prices of 40%, most of the credit for which is purchased from overseas because most of our banks are foreign owned.
Fair Comment McFlock. I am not an accountant, nor do I have any deep understanding of the country’s economy so I am dependant on the wisdom of others for guidance on this subject. But, when some one says “prices have doubled in 5 years”, the question arises, is this the truth, the whole truth and nothing but the truth.
DH offered a web site to support this statement(rbnz.govt.nz/keygraphs/fig4.html Fig. 4) and out of courtesy to DH, I called it up. The Graph consists of 2 data bases overlaid and is titled “House Prices and Value of Housing Stock”.
The independant variables for one data base are,(a) Annual % Change, (b) Date
For the second data base they are (a) Value of Housing Stock, (b) Date
Now the “…% Change” shown changed steeply up over the 5 years mentioned BUT, there were other, just as dramatic, changes in the down direction afterwards. Why were the changes down not mentioned?
Is the subject too complex for a simple soul like me to understand, am I looking at the wrong data, or is someone pulling a “Snow Job”.
You’re trying to make an argument out of nothing there. The drop in prices in ’08-’09 is not dramatic in the slightest and the cause is well known. The graph also shows that the ‘dramatic’ fall was cancelled by an equally dramatic increase not long after. It also doesn’t change the fact that house prices doubled in five years and that $100billion was borrowed from overseas in that period.
DH, we seem to differ in our understanding of what the Graph is portraying.
As I visualise it, at any point in time the graph is showing how fast house prices are changing. The slope of the line shows how fast the rate-of-change is changing.
The rate-of-change of the rate-of-change.
In Calculus it would be a 2nd order differential?
Also, since 08 the 1st order rate-of-change has been drifting between -10% and +8%, comparitivly stable since it has averaged out at zero to +1.
Prices rose rapidly over a 5 year period and have been stable since then. is that correct?
The OP made the correlation between house prices doubling between 2002-2007 and the accompanying buildup of foreign debt to pay for the splurge on houses. That the increase in prices had a hiatus in 2008 is irrelevant, it doesn’t change the past does it. It wouldn’t surprise me if the amount of overseas borrowing stalled in 2008 too.
The only reason I linked to the RBNZ chart was because you asked for evidence that prices had doubled in that period. That chart shows it did.
The OPs post raises a reasonable question; what would house prices have done if the banks didn’t have access to cheap overseas funding? Few houses were bought for cash, buyers had to borrow to buy a house, so what would house prices look like now if there had been $100billion less money to lend in that five years?
John72 you smell a rat and rightly so, I am sitting here reading the property section of my once local paper from 1978 , I could buy my house for 22k then on a quarter acre and basically properties in NZ have doubled in value every 7 to 8 years since the turn of the last century, it’s called inflation, something if you look into it the present monetary system can’t survive without.
But back to the 22k in 1978 if you add 10% every year from there you get roughly todays value so basically the doubling in value in 5 years is nothing unusual as since 1978 property has doubled in value every 7 to 8 years and people wonder why New Zealanders invest in property.
And the point is that back in the ’70s and early ’80s we had high inflation on everything, it wasn’t uncommon for annual wage increases to be 10% to keep up with inflation. Now we don’t have high inflation, or at least the pompous wankers at the RBNZ say we don’t have high inflation.
But the rest of us see house prices increasing +10% a year and know damn well that we do have high inflation and more importantly we have high inflation without the wage increases to pay for it. It’s just asset inflation and since that isn’t counted in the CPI as consumer inflation the RBNZ ignored it; played the three monkeys & pretended it wasn’t happening while the low/medium income earners in the country were bled dry. The beancounters have a lot to answer for.
increasing house prices are driven by increasing debt; you explained it very clearly – if house prices are advancing way faster than incomes where does the difference come from?
Only one place, its got to come from banks lifting individuals property purchasing power through the injection of debt based money into the economy.
Aye, and when you follow the trail back to its source you hit the RBNZ. The big inflation fighters are the direct cause of the massive inflation in the housing market. It’s enough to make you weep.
DH, you have not addressed all the points that I made, only those that you thought that you could defend.and even that was not successful. The graph that we have been refering to shows that the growth in house prices over the last 4 years has fluctuated between -10% and +8%.. I will refrase this for the benefit of those readers who are not happy with mathematics.
Sometimes, over the last 4 years, house prices have decreased and some times house prices have increased. The end result is that over the 4 year period prices have increased slightly. Probably about 1 or 2% in 4 years, NOT 10%.
DH, thank you for your posts,”Your actions (and words) bear witness to your thoughts”.
Yes DH the poor get poorer and the rich get richer = National Ltd, just keep asking the friends you suspect voted for this lot, “how’s you brighter future going” .
Just wait 5-15 years when the baby boomers try to cash in en masse for their “retirement” and discover that there’s a glut of supply and the price plummets.
TPP item: http://www.youtube.com/watch?v=Zl112aNNTbo
this little bit of The Alyona Show has a very interesting line (at about 3:12) regarding the extraordinary level of secrecy attached to this document. A document that increasingly appears to be the victors’ presentation of our terms of surrender. Always remember, POW’s were largely unwilling captives, it was the Generals who surrendered.
When a story like that emerges what we should be seeing is the close down of the corporation (assets seized by the state) and the CEO, directors and probably other upper management types jailed. None of this paying a fine BS.
Government
Politicians – any level
Corporations
Banks(ers) – Central, Investmen, Retail, the lot
Media
Lawyers
Military
Big Oil
Big Pharma
Big Finance
Charities
UN
WTO
WHO
NATO
UNESCO
IMF
WB
(anything that has initials, and is sold as being “there to help)
NONE, cant trust anything you hear, that you read, therfore what you think, and how you act…
People have to learn that they are being farmed, that there instincts are being removed, so that they no longer see the danger in front of them..
Listen to your instincts, trust humanity, they are there, they are buried under the lies which have been sold to people, as truth, or as what life is!
Dotcom – Top brass in the US admin involved yet the leadership of that “preddy liddle oudpost in da Soud Pacific (where it’s all to happen) wasn’t briefed.
Perhaps we should start up some billboard “Yeah rights!”
How concerned should we be about poll results in yesterday’s Herald? Are they trustworthy? If they really are accurate, I guess we will have to try hard not to despair! A huge number of people like the direction this Government is taking. It blows one’s mind! Possibly it is due to a still ineffective Opposition? (Rather than to any particular virtue of National). Naturally, the Herald is now longing (editorial) for a three term government. On the basis of this survey, we remain in for a long, hard slog. It almost seems that this Government would be forgiven even genocide!!
I have a wide range of friends of various political persuasions, and I am struggling to find ONE that likes this current sack-of-shit government. A few tolerate, the majority have given up.
What results?
As far as I see, the polls are generally trending well for the left, given that national has no friends to speak of (and them that exists are on borrowed time).
I think I should be allowed back here by now. With a pledge for a reduced presence – that will be dependent in part on whether the discussion-less niggles and attacks on me also reduce.
It’d be nice to know if you’ve learned anything from your ejection, Pete, though the whinge you had on your own site immediately afterwards suggests not.
Still, I imagine what you describe as niggles and attacks will indeed reduce if you stop being a prat. Like mike e, I accept it is good to have commenters here from the right and I genuinely look forward to having quality debates with you in the future. Kia waimarie!
I did learn (or had confirmed) that rules are applied unevenly here.
And maybe you could have a wee look in the prat mirror yourself. You often don’t attempt any sort of ‘quality debate’ – there are many examples of that. But if you genuinely want quality debate I’ll do what I can to play my part.
How can we improve the referenda process? I think both government and Citizen initiated referenda have scope for improvement.
[lprent: Rules are always applied unevenly here. A moment for reflection would have told you why. It isn’t exactly rocket science…
We moderate on a voluntary basis and all the moderators work*. Most of the comments come in during work hours. So it is whatever time we (and our employers) can spare. So mostly we scan the hundreds of daily comments and pick out whatever we notice. Mostly what that means is that each moderator scans for destructive patterns of behaviour in what they have read and takes action on that. Consequently the moderating will always be uneven – it depends on what time we have available. People can take all the risks they like with behaviour, but one day they’ll hit a moderator who sees the wrong patterns from someone…. The uncertainty is pretty good at making people who are aware of how we work to stay well within the bounds.
The site is set up mostly for discussing the politics of the broad left and for the activists on the broad left. Our about leaves absolutely no ambiguity about that. We don’t pretend to show any kind of balance in out opinions. We also give less leeway to those who’d like to discuss stuff outside that broad area. Consequently we welcome people from the right and purported ‘centre’, but only whilst they add to our discussion. So there is a selective bias in the moderating because what the moderators are concerned with is that the site performs its intended function. When the debate diverges too far from that outside of openmike we tend to get irritated.
Any of the moderators will tell you that there is a distinct difference between the behaviour of commentators on the broad left and the broad right on the is site. Mostly we only have to express a minor warning to get lefties to change behaviour because they’re pretty understanding that we are the ones making the effort to run the site. But many on the right appear to value their contributions to the site above the efforts of the moderators and authors. Rather than feeling grateful that the site is there, they frigging whine about it and want to run it by some kind of inane proxy control. For some strange reason the moderators can’t be bothered with it…
Life is ‘uneven’ whenever you try to set your own policy on the work of others. It is commonly called the backseat driver effect, and generally the right is full of it. They like telling others how they should live their life.
We don’t. We just tell you the bounds of how you will act here. Just live within our policies and guidelines and stop whining about it.
* To me it is rather noticeable that working seems to be somewhat more optional for most of the blog authors on the right…. One day I’ll have some time to pursue an enquiry into that observation… ]
Well, you are clearly going to give as good as you get, Pete. No problem there!
But I disagree that the rules were applied unevenly. You were chucked for a particularly lame bit of linkwhoring, posting a comment well below your usual semi-topical links to your site. I guess you need the click throughs from here to big up your own page, but you actually got bounced for not putting enough effort in to disguising it as a genuine link. That’s not the mod’s fault and I see you’ve at least put some sentences around today’s readership boosting attempt to make it seem valid. Shame you didn’t notice that there has already been a post here about the minimum pricing proposal, where all your questions are answered.
You don’t seem to understand what the ban was for, it wasn’t about moderating. Links are common and rarely reprimanded.
I did notice a post on the minimum price for alcohol, but that was a day or two ago. I thought it was something that warranted further discussion, especially on how high the price would be likely to increase, but now it’s probably moot:
@PeterDunneMP
If Labour’s minimum alcohol price amendment depends on my vote, it is doomed.
So that pretty much dooms it. Just as well, it needs far more consideration than a last minute SOP.
Ha! It does rather look like I’m the first commentor to accidently ban himself, McFlock. I should have put quotation marks around Eddie’s comment. Or dropped the bold. Or put up the link. D’oh!
God pete after a hugely expensive enquiry into the industry .
The recommendations were pretty damning and very clear Shonkey Banksie and hairpiece have ignored just about all recommendations. This is a $ 6 billion a year dragon our economy from a legal addictive drug You and unbridled fuckwiits by doing nothing are neglecting the problem.
Therefore part of the problem.
Just spieling off Nactuf spin boring brainless and dunneb. s
Do some research pete and come up with some truth and originality.
I just wonder, Dear Modeartors and LPrent, how long you plural will be able to sustain this on an “after-work” basis. You are far and away the most powerful left of centre site. Surely it dserves some advertising income to be able to sustain one of you to work on this site semi-professionally?
We have advertising income, but it is somewhat too erratic to sustain anyone in employment. We run as a coop with a wide range of people dropping in and out depending on what we’re working on. It spreads the load.
[ Just live within our policies and guidelines and stop whining about it.]
I generally do live within your policies and guidelines and I make more of an effort than some at doing that.
But it would be a bit stupid not speaking about things for fear of being labeled a whiner, wouldn’t it? You dish it out with a decided advantage, but do you really expect no one to give a bit back? It’s a bit of an odd situation here, a bit like if the speaker was the PM or leader of the opposition, but most of the risks are known – except the odd time that newbies get a bollocking.
Your blog, your rules, your control, no argument with that. But it would get a bit boring if no one every challenged prescribed behaviour, wouldn’t it?
We seldom do much about whining.. Apart from getting irritated and whining about how damn pointless it is. Provided it doesn’t get to the stage of trying to tell us what to do or wasting too much time to write notes we’ll usually just be sarcastic
By the way its good to have you back its a bit boring now all the other right wingers gos gavid garett etc have gone to ground since the libor scandal as they have nothing to defend any more.
Something I suspect many on the left will have concerns with (as well as on the right) is Labour’s proposal to impose minimum prices on alcohol.
This is potentially a major proposal with potentially wideranging effects, and it will impose increased costs on the majority who can handle their booze.
I have seen very little relevant information on this. How much would alcohol prices increase? Has that been answered here? A small increase would have negligible if any effect. So would we be facing a big bump? Half as much again on the price? Double?
There’s little time to inform and discuss this properly.
actually Labour’s proposal is to allow minimum prices to be imposed. Not impose them. If passed, that would still be up to Key. And it could be tweaked via order in council at any time.
Brewing beer is fairly easy. Brewing a good beer is a little more difficult although the kits you can get can help with that if you’re just starting out.
Really, all beers started out as a home brew at some point.
Pete you are nothing but a concern troll, here is a little snip from the rationalwiki.org/wiki/Concern_troll
One common tactic of concern trolls is the “a plague on both your houses” approach, where the concern troll tries to convince people that both sides of the ideological divide are just as bad as each other, and so no one can think themselves “correct” but must engage in endless hedging and caveats. This preys on a willingness to debate critics and allow dissent; everyone wastes time discussing the matter and bending over backwards, so as not to appear intolerant of disagreement, all to the great amusement of the troll.
The tobacco Industry bought the right wing off for years then Hone Harawira held UF and nactional to account increasing the price has worked so Peter Dunne has voted for it .
PG back to old tricks spieling out Nacts propaganda again .aaaaaaaa how much does national get in donations and special hospitality treats from the alcohol industry PG.
Nothing to do with ‘old tricks’. Except having concerns about the old trick of penalising everyone to try and address the problems of a few.
If the price of alcohol goes up substantially I don’t think it will be just National and UF voters who get a bit grizzly about it. And I don’t think it will be just National and UF voters who lose their jobs.
Ramping the price up has many rammifications, and it’s not likely to cure a few alcoholocs and binge drinkers.
I think it needs a lot more public discussion and consideration. One key question is how much would then price be likely to go up when there is a Labour or Green minister making the decisions. I think it’s reasonable (essential) to have some honesty and openness on this.
Over three years down the track and National Standards are even being described as “ropey” by the Prime Minister. Rather than spending more tens of millions in trying to make them work, why don’t we chuck them altogether and get back to teaching and learning! http://localbodies-bsprout.blogspot.co.nz/2012/07/key-admits-standards-are-ropey.html
Aha, along with the European and US economy’s which are also producing negative figures, something i just caught on RadioNZ this morning was a further fall in the prices of dairy products as supply increases and demand weakens,
Manufacturing figures for NZ are up 1% as the abundance of milk caused more butter, cheese, etc to be made, however, prices for dairy in the same period fell 400 million dollars,
Running into a brick wall at an ever increasing speed still results in brain damage…
The article on the Chinese economy wasn’t as catastrophist as I expected it to be. I have no economic forecasting expertise, and as much patience for pollyannas as I do for those willing a Great Leap Backward. I have however heard descriptions of New Zealand as in a “sweet spot” for an even more sustained global recession:
– strong Australian banks sustaining our credit
– a growing class of slightly more wealthy Chiense and Indian families seeking to buy our exported food and beverage into the foreseeable future
– local real estate demand and values perhaps sustained under the existing tax structures
Naturally I would not dare attribute any economic management virtue to our Government. Nor dare call so many among us in poverty as lucky by dint of “you could be worse”. Only that perhaps our global economic positioning may be about as good as it could be.
You should read up Steve Keen and his view on how strong Australian banks are, particularly with regard to the hyperinflated Australian property bubble.
Also bear in mind that Australia is a two product-two country economy. And with China stumbling, you can expect Australia to follow with a 6 month lag.
– local real estate demand and values perhaps sustained under the existing tax structures
sheer madness. This will not translate into any jobs or productive economic activity even if it occurs. And forget tax structures as secondary; property price expectations fueled by debt acceleration is the most crucial factor for determining change in house prices.
Oh TV3 News is just like Radio New Zealand… More on the seemingly endless Scott Guy trial – Guy’s parents whinging for Africa that McDonald was guilty, dammit, and why did the police fail? Really?
McDonald will not be welcomed back in town, says the reporter. Srsly, who cares? New Zealanders are very vengeful people.
Then they mention the earthquake… IMO, much more important and interesting than an endlessly rehashed murder involving the wealthy and white..
On One news tonight after the item on the Scott Guy murder AGAIN that took up one hell of a lot of time, there was a news item that the Kiwifruit PSA virus may have come from pollen imported from China.
Questions
a) Was this a bit of sabotage by the Chinese or,
b) It managed to get into this country owing to the lack of border security now this pack of shit we have as a government has reduced the number of front line security staff.
When it comes to biosecurity there is this ERMA outfit.. The RM stands for risk management. The government and its agencies are prepared to take the risk and run a lottery on us not letting nasties into the country – I don’t know whether they publish odds like bookies.
The pollies can’t be bothered about the precautionary principle – it interferes with the making and implementing of their plans to squeeze all heads of departments into a telephone box and when it’s full, that’s the number of departments they’ll have.
For goodness sake, I heard how very focussed Muslims in Mali are destroying grand and ancient images of the past because of a new ideology. We have our own militant iconoclasts right here in River City, or Strait City if you prefer, yes sirree.
Lawrence Krauss, cosmologist and particle physicist, says:
“it [the higgs-boson] has never been called the “God particle” by the physics community. That moniker has been picked up by the media, and I hope it goes away.”
Indeed you are right, TC. The scientests are not trying to disprove God. However, the link to religion is that the discovery removes a significant layer from the belief that some iteration of celestial superbeing created life and the universe.
Well, yeah … that’s what I said at the start of the thread. But one more pillar of irrational belief has fallen and the human race takes a further step toward maturity.
You’re missing the point. The Higgs boson now replaces ‘god’ as the driver of the universe, the thing that gives life its substance and objects their mass. Much like The Dude’s rug, it ties the room together.
That doesn’t mean that creationists can’t still claim that God started the process, but it significantly narrows the claim down from ‘in the beginning God created …’ to something like ‘in the beginning God caused to happen’. In other words, the conventional understanding of God’s works is inexorably slipping away as science exposes nature’s hand in making the universe.
You underestimate its importance, TC. The Higgs boson is the missing link. Without it, there would be nothing but particles whizzing about randomly at light speed and nothing of substance, including ‘life’ would exist. It is to the univese what the sea is to fish, the air to birds.
However, there is still much to be discovered and this really only applies to the universe as we currently understand it. Things may change. But it is the most important discovery this century, by a significant distance, and probably science’s greatest achievement since the moon landings. And, in terms of the human race’s understanding of itself, its a significant marker on the road to intellectual and, yes, spiritual, maturity.
I do not underestimate it’s importance, you underestimate the importance of everything else in the standard model.
Without the electron there’d be no life, without all the other boson’s there’d be no life. Without the leptons or all 6 quarks there’d be no life. The Higg’s in but one of all these. Finding the higgs is like finding the final piece of a puzzle – but that doesn’t mean those other pieces are not just as important.
Ok, I’ll stick with the scientists, you stick with your understanding. Let me know when the Nobel people call, I wanna be there when you get the medal.
Umm, what? The Standard model of physics relies on many different particles of which the higgs is but one.
Without the leptons, for example, the standard model would be false and life as we know it wouldn’t exist.
The fanfare is due to the Higg’s being the final piece of the puzzle, not the puzzle itself.
Am I still able to say “The more we learn, the more we realise how little we know”?
All these discoverys, over the last 100 years plus, are fascinating but they still seem to leave some unanswered questions.
1. Time, as we know it, seems to have had a begining. Who started it ticking? Who “pulled the trigger” for the for the Big Bang.
2. The Universe, as we know it, is a beautiful and imaginative structure. Who designed it?
3. The Earth we live on is also a beautiful and imaginative structure. Who designed it?
4. Go to the internet and find a photo of the Earth, taken from the Moon. If you had a free hand, could you improve on what we have?
5. Accepting that the Earth had a begining, WHY was it created?
6. Is time, as we know it, total reality? Is it possible that there are other dimensions around us that we are not priviledged to experience or understand?
7. Higgs is another step in the adventure of life. I do not think anyone (except the media) is presenting it as the final answer.
If questions 1-6 upset you, good. Read them again, and ask yourself why they upset you.
Perhaps there is a GOD and you are not yet ready to admit it. In every religion you will see examples of the Church becoming too self-important. This is unfortunate because some people use this as a reason to stop thinking. There are a multitude of humble people and genuine churches in so many religions, but they are often unnoticed.
Life is an adventure. Go out and enjoy it. Start in your own neighbourhood.
1: Shit just happens.
2: see 1.
3: see 2.
4: vibrating couches that grow on trees. Human testicles would be encased in protective shells (or at least less things would be at nut height). Coconut milk contains 40% ethanol. IT folk irresistible to opposite gender. Beef fat would be healthier than lentils or chickpeas. Watching TV or reading a book would be an effective cardiovascular workout.
5: see 3.
6: no. yes – see 5.
Not upset by your questions. Surprised you think I might be.
1. No ‘who’. The laws of physics allow for the creation of a universe
2. No one designed it
3. No one designed it
4. No, fine the way it is
5. The earth wasn’t created for any reason
6. Indeed, according to string theory there 11 dimensions
7. The final answer is possibly unknowable
1. Physics has no say in the matter. Some philosophers make a good case for a Creator. And there are other pieces of evidence. A God hypothesis is just as valid as other theories such as PUG, MWI, the eternal or oscillating universe.
Wow.. Chrome for the iPad is very clean and stable. Love the mike on the address bar. Takes whatever you say and googles it. And it understands my raspy post cold voice…
Try saying “the standard” or “John key is a dork”. The latter takes you to Cactus Kate ….
In 1974, the US Supreme Court issued its decision in United States v. Nixon, finding that the President was not a King, but was subject to the law and was required to turn over the evidence of his wrongdoing to the courts. It was a landmark decision for the rule ...
Every day now just seems to bring in more fresh meat for the grinder.In their relentlessly ideological drive to cut back on the “excessive bloat” (as they see it) of the previous Labour-led government, on the mountains of evidence accumulated in such a short period of time do not ...
This is a re-post from Yale Climate Connections by Megan Valére SosouMarket gardening site of the Itchèléré de Itagui agricultural cooperative in Dassa-Zoumè (Image credit: Megan Valère Sossou) For the residents of Dassa-Zoumè, a city in the West African country of Benin, choosing between drinking water and having enough ...
Buzz from the Beehive Melissa Lee – as may be discerned from the screenshot above – has not been demoted for doing something seriously wrong as Minister of ...
Morning in London Mother hugs beloved daughter outside the converted shoe factory in which she is living.Afternoon in London Travelling writer takes himself and his wrist down to A&E, just to be sure. Read more ...
Mike Grimshaw writes – The recent announcement of the University Advisory Group, chaired by Sir Peter Gluckman, makes very clear where the Government’s focus and priorities lie. The remit of the Advisory Group is that Group members will consider challenges and opportunities for improvement in the university sector including: ...
Eric Crampton writes – The Reserve Bank of New Zealand desperately wants to find reasons to have workstreams in climate change. It makes little sense. They’ve run another stress test on the banks looking to see if they could find a prudential regulation case. They couldn’t. They ...
Rob MacCullough writes – Pundits from the left and the right are arguing that National’s Fast Track Bill that is designed to speed up infrastructure decisions could end up becoming mired in a cesspool of corruption. Political commentator ...
Looking at the headlines this morning it’s hard to feel anything other than pessimistic about the future of humanity.Note that I’m not speaking about the future of mankind, but the survival of our humanity. The values that we believe in seem to be ebbing away, by the day.Perhaps every generation ...
Swabbing mixed breed baby chicks to test for avian influenzaUh oh. Bird flu – often deadly to humans – is not only being transmitted from infected birds to dairy cows, but is now travelling between dairy cows. As of last Friday, Bloomberg News reports, there were 32 American dairy herds ...
On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
What is it with the mining industry? Its not enough for them to pillage the earth - they apparently can't even be bothered getting resource consent to do so: The proponent behind a major mine near the Clutha River had already been undertaking activity in the area without a ...
Photo # 1 I am a huge fan of Singapore’s approach to housing, as described here two years ago by copying and pasting from The ConversationWhat Singapore has that Australia does not is a public housing developer, the Housing Development Board, which puts new dwellings on public and reclaimed land, ...
Buzz from the Beehive Reactions to news of the government’s readiness to make urgent changes to “the resource management system” through a Bill to amend the Resource Management Act (RMA) suggest a balanced approach is being taken. The Taxpayers’ Union says the proposed changes don’t go far enough. Greenpeace says ...
I’m starting to wonder if Anna Burns-Francis might be the best political interviewer we’ve got. That might sound unlikely to you, it came as a bit of a surprise to me.Jack Tame can be excellent, but has some pretty average days. I like Rebecca Wright on Newshub, she asks good ...
Chris Trotter writes – Willie Jackson is said to be planning a “media summit” to discuss “the state of the media and how to protect Fourth Estate Journalism”. Not only does the Editor of The Daily Blog, Martyn Bradbury, think this is a good idea, but he has also ...
Graeme Edgeler writes – This morning [April 21], the Wellington High Court is hearing a judicial review brought by Hon. Karen Chhour, the Minister for Children, against a decision of the Waitangi Tribunal. This is unusual, judicial reviews are much more likely to brought against ministers, rather than ...
Both of Parliament’s watchdogs have now ripped into the Government’s Fast-track Approvals Bill. Photo: Lynn Grieveson / The KākāMy pick of the six newsey things to know from Aotearoa’s political economy and beyond on the morning of Tuesday, April 23 are:The Lead: The Auditor General,John Ryan, has joined the ...
This is a re-post from Yale Climate Connections by Sarah SpengemanPeople wait to board an electric bus in Pune, India. (Image credit: courtesy of ITDP) Public transportation riders in Pune, India, love the city’s new electric buses so much they will actually skip an older diesel bus that ...
The infrastructure industry yesterday issued a “hurry up” message to the Government, telling it to get cracking on developing a pipeline of infrastructure projects.The hiatus around the change of Government has seen some major projects cancelled and others delayed, and there is uncertainty about what will happen with the new ...
Hi,Over the weekend I revisited a podcast I really adore, Dead Eyes. It’s about a guy who got fired from Band of Brothers over two decades ago because Tom Hanks said he had “dead eyes”.If you don’t recall — 2001’s Band of Brothers was part of the emerging trend of ...
Buzz from the Beehive The 180 or so recipients of letters from the Government telling them how to submit infrastructure projects for “fast track” consideration includes some whose project applications previously have been rejected by the courts. News media were quick to feature these in their reports after RMA Reform Minister Chris ...
It would not be a desirable way to start your holiday by breaking your back, your head, or your wrist, but on our first hour in Singapore I gave it a try.We were chatting, last week, before we started a meeting of Hazel’s Enviro Trust, about the things that can ...
Calling all journalists, academics, planners, lawyers, political activists, environmentalists, and other members of the public who believe that the relationships between vested interests and politicians need to be scrutinised. We need to work together to make sure that the new Fast-Track Approvals Bill – currently being pushed through by the ...
Feel worried. Shane Jones and a couple of his Cabinet colleagues are about to be granted the power to override any and all objections to projects like dams, mines, roads etc even if: said projects will harm biodiversity, increase global warming and cause other environmental harms, and even if ...
Bryce Edwards writes- The ability of the private sector to quickly establish major new projects making use of the urban and natural environment is to be supercharged by the new National-led Government. Yesterday it introduced to Parliament one of its most significant reforms, the Fast Track Approvals Bill. ...
Michael Bassett writes – If you think there is a move afoot by the radical Maori fringe of New Zealand society to create a parallel system of government to the one that we elect at our triennial elections, you aren’t wrong. Over the last few days we have ...
Without a corresponding drop in interest rates, it’s doubtful any changes to the CCCFA will unleash a massive rush of home buyers. Photo: Lynn GrievesonTL;DR: The six things that stood out to me in Aotearoa’s political economy around housing, poverty and climate on Monday, April 22 included:The Government making a ...
Sunday was a lazy day. I started watching Jack Tame on Q&A, the interviews are usually good for something to write about. Saying the things that the politicians won’t, but are quite possibly thinking. Things that are true and need to be extracted from between the lines.As you might know ...
In our Weekly Roundup last week we covered news from Auckland Transport that the WX1 Western Express is going to get an upgrade next year with double decker electric buses. As part of the announcement, AT also said “Since we introduced the WX1 Western Express last November we have seen ...
TL;DR: The six key events to watch in Aotearoa-NZ’s political economy in the week to April 29 include:PM Christopher Luxon is scheduled to hold a post-Cabinet news conference at 4 pm today. Stats NZ releases its statutory report on Census 2023 tomorrow.Finance Minister Nicola Willis delivers a pre-Budget speech at ...
A listing of 29 news and opinion articles we found interesting and shared on social media during the past week: Sun, April 14, 2024 thru Sat, April 20, 2024. Story of the week Our story of the week hinges on these words from the abstract of a fresh academic ...
The ability of the private sector to quickly establish major new projects making use of the urban and natural environment is to be supercharged by the new National-led Government. Yesterday it introduced to Parliament one of its most significant reforms, the Fast Track Approvals Bill. The Government says this will ...
This is a column to say thank you. So many of have been in touch since Mum died to say so many kind and thoughtful things. You’re wonderful, all of you. You’ve asked how we’re doing, how Dad’s doing. A little more realisation each day, of the irretrievable finality of ...
Identifying the engine type in your car is crucial for various reasons, including maintenance, repairs, and performance upgrades. Knowing the specific engine model allows you to access detailed technical information, locate compatible parts, and make informed decisions about modifications. This comprehensive guide will provide you with a step-by-step approach to ...
Introduction: The allure of racing is undeniable. The thrill of speed, the roar of engines, and the exhilaration of competition all contribute to the allure of this adrenaline-driven sport. For those who yearn to experience the pinnacle of racing, becoming a race car driver is the ultimate dream. However, the ...
Introduction Automobiles have become ubiquitous in modern society, serving as a primary mode of transportation and a symbol of economic growth and personal mobility. With countless vehicles traversing roads and highways worldwide, it begs the question: how many cars are there in the world? Determining the precise number is a ...
Maintaining a safe and reliable vehicle requires regular inspections. Whether it’s a routine maintenance checkup or a safety inspection, knowing how long the process will take can help you plan your day accordingly. This article delves into the factors that influence the duration of a car inspection and provides an ...
Mazda Motor Corporation, commonly known as Mazda, is a Japanese multinational automaker headquartered in Fuchu, Aki District, Hiroshima Prefecture, Japan. The company was founded in 1920 as the Toyo Cork Kogyo Co., Ltd., and began producing vehicles in 1931. Mazda is primarily known for its production of passenger cars, but ...
Your car battery is an essential component that provides power to start your engine, operate your electrical systems, and store energy. Over time, batteries can weaken and lose their ability to hold a charge, which can lead to starting problems, power failures, and other issues. Replacing your battery before it ...
In most states, you cannot register a car without a valid driver’s license. However, there are a few exceptions to this rule. Exceptions to the RuleIf you are under 18 years old: In some states, you can register a car in your name even if you do not ...
Mazda, a Japanese automotive manufacturer with a rich history of innovation and engineering excellence, has emerged as a formidable player in the global car market. Known for its reputation of producing high-quality, fuel-efficient, and driver-oriented vehicles, Mazda has consistently garnered praise from industry experts and consumers alike. In this article, ...
Struts are an essential part of a car’s suspension system. They are responsible for supporting the weight of the car and damping the oscillations of the springs. Struts are typically made of steel or aluminum and are filled with hydraulic fluid. How Do Struts Work? Struts work by transferring the ...
Car registration is a mandatory process that all vehicle owners must complete annually. This process involves registering your car with the Department of Motor Vehicles (DMV) and paying an associated fee. The registration process ensures that your vehicle is properly licensed and insured, and helps law enforcement and other authorities ...
Zoom is a video conferencing service that allows you to share your screen, webcam, and audio with other participants. In addition to sharing your own audio, you can also share the audio from your computer with other participants. This can be useful for playing music, sharing presentations with audio, or ...
Building your own computer can be a rewarding and cost-effective way to get a high-performance machine tailored to your specific needs. However, it also requires careful planning and execution, and one of the most important factors to consider is the time it will take. The exact time it takes to ...
Sleep mode is a power-saving state that allows your computer to quickly resume operation without having to boot up from scratch. This can be useful if you need to step away from your computer for a short period of time but don’t want to shut it down completely. There are ...
Introduction Computer-Assisted Translation (CAT) has revolutionized the field of translation by harnessing the power of technology to assist human translators in their work. This innovative approach combines specialized software with human expertise to improve the efficiency, accuracy, and consistency of translations. In this comprehensive article, we will delve into the ...
In today’s digital age, mobile devices have become an indispensable part of our daily lives. Among the vast array of portable computing options available, iPads and tablet computers stand out as two prominent contenders. While both offer similar functionalities, there are subtle yet significant differences between these two devices. This ...
A computer is an electronic device that can be programmed to carry out a set of instructions. The basic components of a computer are the processor, memory, storage, input devices, and output devices. The Processor The processor, also known as the central processing unit (CPU), is the brain of the ...
Voice Memos is a convenient app on your iPhone that allows you to quickly record and store audio snippets. These recordings can be useful for a variety of purposes, such as taking notes, capturing ideas, or recording interviews. While you can listen to your voice memos on your iPhone, you ...
Laptop screens are essential for interacting with our devices and accessing information. However, when lines appear on the screen, it can be frustrating and disrupt productivity. Understanding the underlying causes of these lines is crucial for finding effective solutions. Types of Screen Lines Horizontal lines: Also known as scan ...
Right-clicking is a common and essential computer operation that allows users to access additional options and settings. While most desktop computers have dedicated right-click buttons on their mice, laptops often do not have these buttons due to space limitations. This article will provide a comprehensive guide on how to right-click ...
Powering up and shutting down your ASUS laptop is an essential task for any laptop user. Locating the power button can sometimes be a hassle, especially if you’re new to ASUS laptops. This article will provide a comprehensive guide on where to find the power button on different ASUS laptop ...
Dell laptops are renowned for their reliability, performance, and versatility. Whether you’re a student, a professional, or just someone who needs a reliable computing device, a Dell laptop can meet your needs. However, if you’re new to Dell laptops, you may be wondering how to get started. In this comprehensive ...
Two-thirds of the country think that “New Zealand’s economy is rigged to advantage the rich and powerful”. They also believe that “New Zealand needs a strong leader to take the country back from the rich and powerful”. These are just two of a handful of stunning new survey results released ...
In today’s digital world, screenshots have become an indispensable tool for communication and documentation. Whether you need to capture an important email, preserve a website page, or share an error message, screenshots allow you to quickly and easily preserve digital information. If you’re an Asus laptop user, there are several ...
A factory reset restores your Gateway laptop to its original factory settings, erasing all data, apps, and personalizations. This can be necessary to resolve software issues, remove viruses, or prepare your laptop for sale or transfer. Here’s a step-by-step guide on how to factory reset your Gateway laptop: Method 1: ...
“You talking about me?”The neoliberal denigration of the past was nowhere more unrelenting than in its depiction of the public service. The Post Office and the Railways were held up as being both irremediably inefficient and scandalously over-manned. Playwright Roger Hall’s “Glide Time” caricatures were presented as accurate depictions of ...
Roger Partridge writes – When the Coalition Government took office last October, it inherited a country on a precipice. With persistent inflation, decades of insipid productivity growth and crises in healthcare, education, housing and law and order, it is no exaggeration to suggest New Zealand’s first-world status was ...
Rob MacCulloch writes – In 2022, the Curriculum Centre at the Ministry of Education employed 308 staff, according to an Official Information Request. Earlier this week it was announced 202 of those staff were being cut. When you look up “The New Zealand Curriculum” on the Ministry of ...
Chris Bishop’s bill has stirred up a hornets nest of opposition. Photo: Lynn Grieveson for The KākāTL;DR: The six things that stood out to me in Aotearoa’s political economy around housing, poverty and climate from the last day included:A crescendo of opposition to the Government’s Fast Track Approvals Bill is ...
Monday left me brokenTuesday, I was through with hopingWednesday, my empty arms were openThursday, waiting for love, waiting for loveThe end of another week that left many of us asking WTF? What on earth has NZ gotten itself into and how on earth could people have voluntarily signed up for ...
Hello! Here comes the Saturday edition of More Than A Feilding, catching you up on the past week’s editions.State of humanity, 20242024, it feels, keeps presenting us with ever more challenges, ever more dismay.Do you give up yet? It seems to ask.No? How about this? Or this?How about this?Full story Share ...
Determining the hardest sport in the world is a subjective matter, as the difficulty level can vary depending on individual abilities, physical attributes, and experience. However, based on various factors including physical demands, technical skills, mental fortitude, and overall accomplishment, here is an exploration of some of the most challenging ...
The allure of sport transcends age, culture, and geographical boundaries. It captivates hearts, ignites passions, and provides unparalleled entertainment. Behind the spectacle, however, lies a fascinating world of financial investment and expenditure. Among the vast array of competitive pursuits, one question looms large: which sport carries the hefty title of ...
Introduction Pickleball, a rapidly growing paddle sport, has captured the hearts and imaginations of millions around the world. Its blend of tennis, badminton, and table tennis elements has made it a favorite among players of all ages and skill levels. As the sport’s popularity continues to surge, the question on ...
Abstract: Soccer, the global phenomenon captivating millions worldwide, has a rich history that spans centuries. Its origins trace back to ancient civilizations, but the modern version we know and love emerged through a complex interplay of cultural influences and innovations. This article delves into the fascinating journey of soccer’s evolution, ...
Tinting car windows offers numerous benefits, including enhanced privacy, reduced glare, UV protection, and a more stylish look for your vehicle. However, the cost of window tinting can vary significantly depending on several factors. This article provides a comprehensive guide to help you understand how much you can expect to ...
Our two-tiered system for veterans’ support is out of step with our closest partners, and all parties in Parliament should work together to fix it, Labour veterans’ affairs spokesperson Greg O’Connor said. ...
Stripping two Ministers of their portfolios just six months into the job shows Christopher Luxon’s management style is lacking, Labour Leader Chris Hipkins said. ...
It appears Nicola Willis is about to pull the rug out from under the feet of local communities still dealing with the aftermath of last year’s severe weather, and local councils relying on funding to build back from these disasters. ...
The Government is making short-sighted changes to the Resource Management Act (RMA) that will take away environmental protection in favour of short-term profits, Labour’s environment spokesperson Rachel Brooking said today. ...
Labour welcomes the release of the report into the North Island weather events and looks forward to working with the Government to ensure that New Zealand is as prepared as it can be for the next natural disaster. ...
The Labour Party has called for the New Zealand Government to recognise Palestine, as a material step towards progressing the two-State solution needed to achieve a lasting peace in the region. ...
Some of our country’s most important work, stopping the sexual exploitation of children and violent extremism could go along with staff on the frontline at ports and airports. ...
The Government’s Fast Track Approvals Bill will give projects such as new coal mines a ‘get out of jail free’ card to wreak havoc on the environment, Labour Leader Chris Hipkins said today. ...
Cuts to frontline hospital staff are not only a broken election promise, it shows the reckless tax cuts have well and truly hit the frontline of the health system, says Labour Health spokesperson Ayesha Verrall. ...
The Green Party has joined the call for public submissions on the fast-track legislation to be extended after the Ombudsman forced the Government to release the list of organisations invited to apply just hours before submissions close. ...
New Zealand’s good work at reducing climate emissions for three years in a row will be undone by the National government’s lack of ambition and scrapping programmes that were making a difference, Labour Party climate spokesperson Megan Woods said today. ...
More essential jobs could be on the chopping block, this time Ministry of Education staff on the school lunches team are set to find out whether they're in line to lose their jobs. ...
The Government is trying to bring in a law that will allow Ministers to cut corners and kill off native species, Labour environment spokesperson Rachel Brooking said. ...
Cancelling urgently needed new Cook Strait ferries and hiking the cost of public transport for many Kiwis so that National can announce the prospect of another tunnel for Wellington is not making good choices, Labour Transport Spokesperson Tangi Utikere said. ...
A laundry list of additional costs for Tāmaki Makarau Auckland shows the Minister for the city is not delivering for the people who live there, says Labour Auckland Issues spokesperson Shanan Halbert. ...
The Green Party has today launched a step-by-step guide to help New Zealanders make their voice heard on the Government’s democracy dodging and anti-environment fast track legislation. ...
The National Government’s proposed changes to the Residential Tenancies Act will mean tenants can be turfed from their homes by landlords with little notice, Labour housing spokesperson Kieran McAnulty said. ...
Green Party co-leader Marama Davidson is calling on all parties to support a common-sense change that’s great for the planet and great for consumers after her member’s bill was drawn from the ballot today. ...
A significant milestone has been reached in the fight to strike an anti-Pasifika and unfair law from the country’s books after Teanau Tuiono’s members’ bill passed its first reading. ...
New Zealand has today missed the opportunity to uphold the right to a clean, healthy, and sustainable environment, says James Shaw after his member’s bill was voted down in its first reading. ...
Today’s advice from the Climate Change Commission paints a sobering reality of the challenge we face in combating climate change, especially in light of recent Government policy announcements. ...
Minister for Disability Issues Penny Simmonds appears to have delayed a report back to Cabinet on the progress New Zealand is making against international obligations for disabled New Zealanders. ...
The Government’s newly announced review of methane emissions reduction targets hints at its desire to delay Aotearoa New Zealand’s urgent transition to a climate safe future, the Green Party said. ...
The Government must commit to the Maitai School building project for students with high and complex needs, to ensure disabled students from the top of the South Island have somewhere to learn. ...
Mental Health Minister Matt Doocey and his Government colleagues have made a meal of their mental health commitments, showing how flimsy their efforts to champion the issue truly are, says Labour Mental Health spokesperson Ingrid Leary. ...
Paul Goldsmith will take on responsibility for the Media and Communications portfolio, while Louise Upston will pick up the Disability Issues portfolio, Prime Minister Christopher Luxon announced today. “Our Government is relentlessly focused on getting New Zealand back on track. As issues change in prominence, I plan to adjust Ministerial ...
Recreational catch limits will be reduced in areas of Fiordland and the Chatham Islands to help keep those fisheries healthy and sustainable, Oceans and Fisheries Minister Shane Jones says. The lower recreational daily catch limits for a range of finfish and shellfish species caught in the Fiordland Marine Area and ...
Energy Minister Simeon Brown has welcomed an important milestone in New Zealand’s hydrogen future, with the opening of the country’s first network of hydrogen refuelling stations in Wiri. “I want to congratulate the team at Hiringa Energy and its partners K one W one (K1W1), Mitsui & Co New Zealand ...
The coalition Government is delivering on its commitment to improve resource management laws and give greater certainty to consent applicants, with a Bill to amend the Resource Management Act (RMA) expected to be introduced to Parliament next month. RMA Reform Minister Chris Bishop has today outlined the first RMA Amendment ...
Overseas models for regulating the oil and gas sector, including their decommissioning regimes, are being carefully scrutinised as a potential template for New Zealand’s own sector, Resources Minister Shane Jones says. The Coalition Government is focused on rebuilding investor confidence in New Zealand’s energy sector as it looks to strengthen ...
Emergency Management and Recovery Minister Mark Mitchell has today released the Report of the Government Inquiry into the response to the North Island Severe Weather Events. “The report shows that New Zealand’s emergency management system is not fit-for-purpose and there are some significant gaps we need to address,” Mr Mitchell ...
Justice Minister Paul Goldsmith is today travelling to Europe where he’ll update the United Nations Human Rights Council on the Government’s work to restore law and order. “Attending the Universal Periodic Review in Geneva provides us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while ...
Associate Agriculture Minister, Mark Patterson, formally reopened the world’s largest wool processing facility today in Awatoto, Napier, following a $50 million rebuild and refurbishment project. “The reopening of this facility will significantly lift the economic opportunities available to New Zealand’s wool sector, which already accounts for 20 per cent of ...
Hon Andrew Bayly, Minister for Small Business and Manufacturing At the Southland Otago Regional Engineering Collective (SOREC) Summit, 18 April, Dunedin Ngā mihi nui, Ko Andrew Bayly aho, Ko Whanganui aho Good Afternoon and thank you for inviting me to open your summit today. I am delighted ...
The Government is delivering on its commitment to bring back the Three Strikes legislation, Associate Justice Minister Nicole McKee announced today. “Our Government is committed to restoring law and order and enforcing appropriate consequences on criminals. We are making it clear that repeat serious violent or sexual offending is not ...
Foreign Minister Winston Peters has today announced four new diplomatic appointments for New Zealand’s overseas missions. “Our diplomats have a vital role in maintaining and protecting New Zealand’s interests around the world,” Mr Peters says. “I am pleased to announce the appointment of these senior diplomats from the ...
New Zealand is contributing NZ$7 million to support communities affected by severe food insecurity and other urgent humanitarian needs in Ethiopia and Somalia, Foreign Minister Rt Hon Winston Peters announced today. “Over 21 million people are in need of humanitarian assistance across Ethiopia, with a further 6.9 million people ...
Minister for Arts, Culture and Heritage Paul Goldsmith is congratulating Mataaho Collective for winning the Golden Lion for best participant in the main exhibition at the Venice Biennale. "Congratulations to the Mataaho Collective for winning one of the world's most prestigious art prizes at the Venice Biennale. “It is good ...
The Government is reforming financial services to improve access to home loans and other lending, and strengthen customer protections, Commerce and Consumer Affairs Minister Andrew Bayly and Housing Minister Chris Bishop announced today. “Our coalition Government is committed to rebuilding the economy and making life simpler by cutting red tape. We are ...
“China remains a strong commercial opportunity for Kiwi exporters as Chinese businesses and consumers continue to value our high-quality safe produce,” Trade and Agriculture Minister Todd McClay says. Mr McClay has returned to New Zealand following visits to Beijing, Harbin and Shanghai where he met ministers, governors and mayors and engaged in trade and agricultural events with the New ...
Prime Minister Christopher Luxon has completed a successful trip to Singapore, Thailand and the Philippines, deepening relationships and capitalising on opportunities. Mr Luxon was accompanied by a business delegation and says the choice of countries represents the priority the New Zealand Government places on South East Asia, and our relationships in ...
New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...
The Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...
Attorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...
Education Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa. The summit is co-hosted ...
A stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...
Foreign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul. “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...
Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr. The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners. “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
Today’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...
Refreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...
Oceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...
Associate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector. "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...
The Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...
Changes to the Resource Management Act will align consenting for coal mining to other forms of mining to reduce barriers that are holding back economic development, Resources Minister Shane Jones says. “The inconsistent treatment of coal mining compared with other extractive activities is burdensome red tape that fails to acknowledge ...
Trade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...
Asia Pacific Report Students and activist staff at Australia’s University of Sydney (USyd) have set up a Gaza solidarity encampment in support of Palestinians and similar student-led protests in the United States. The camp was pitched as mass graves, crippled hospitals, thousands of civilian deaths and the near-total destruction of ...
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Source: The Conversation (Au and NZ) – By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra BagzhanSadvakassov/Upsplash, CC BY-SA Australia’s inflation rate has fallen for the fifth successive quarter, and it’s now less than half of what it was back in late 2022. ...
Source: The Conversation (Au and NZ) – By Rachel Ong ViforJ, ARC Future Fellow & Professor of Economics, Curtin University Just when we think the price of rentals could not get any worse, this week’s Rental Affordability Snapshot by Anglicare has revealed low-income Australians are facing a housing crisis like ...
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Source: The Conversation (Au and NZ) – By Cally Jetta, Senior Lecturer and Academic Lead; College for First Nations, University of Southern Queensland Australian War MemorialAboriginal and Torres Strait Islander readers are advised this article contains names and images of deceased people, as well as sensitive historical information ...
RNZ News Melissa Lee has been ousted from New Zealand’s coalition cabinet and stripped of the Media portfolio, and Penny Simmonds has lost the Disability Issues portfolio in a reshuffle. Climate Change and Revenue Minister Simon Watts will take Lee’s spot in cabinet. Simmonds was a minister outside of cabinet. ...
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Analysis - Christopher Luxon framing the demotion of two ministers as the portfolios getting "too complex" is a charitable way of saying they weren't up to the job. ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra With Jim Chalmers’s third budget on May 14, Australians will be looking for some more cost-of-living relief – beyond the tax cuts – although they have been warned extra measures will be modest. As ...
Analysis: Melissa Lee has lost the media portfolio and her spot in Cabinet after multiple failed attempts to find solutions for a media industry in crisis. On Wednesday, the Prime Minister announced Lee would be losing her spot in Cabinet along with her media and communications ministerial portfolio. The job ...
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The Fairer Future coalition of anti-poverty groups say Whaikaha must be properly funded going forward, and that to argue that poor financial management of the new Ministry is a red herring by the Prime Minister. ...
The Taxpayers’ Union is today congratulating Hon. Paul Goldsmith on his appointment as Minister for Media and Communications and urges him to rule out state intervention in the private media sector. ...
Asia Pacific Report The West Papuan resistance OPM leader has condemned Australian Prime Minister Anthony Albanese and US President Joe Biden, accusing their countries of “six decades of treachery” over Papuan independence. The open letter was released today by OPM chairman Jeffrey P Bomanak on the eve of ANZAC Day ...
Welcome to The Spinoff Books Confessional, in which we get to know the reading habits and quirks of New Zealanders at large. This week: writer and one of Time Magazine’s 100 most influential people of 2024, Lauren Groff.The book I wish I’d writtenIf I wish I’d written a ...
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“Three Strikes is a dead-end policy proposed by a dead-end government. The Three Strikes law ignores the causes of crime, instead just brutalising people already crushed by the cost of living.” ...
By Don Wiseman, RNZ Pacific senior journalist An Australian-born judge in Kiribati could well face deportation later this week after a tribunal ruling that he should be removed from his post. The tribunal’s report has just been tabled in the Kiribati Parliament and is due to be debated by MPs ...
With its clear mandate for police use, political nuances, and nuanced public trust, Denmark's insights provide valuable considerations for Australia and New Zealand. ...
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How will the recent wave of job cuts impact ethnic diversity in the media? In November last year, I was working a very busy day in the newsroom of a large online news site, interviewing whānau about their concerns over the imminent closure of one of the few puna reo ...
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A new survey says ‘outlook not great’ for those charged with building infrastructure, while RMA changes delight farmers and depress environmentalists, writes Anna Rawhiti-Connell in this excerpt from The Bulletin, The Spinoff’s morning news round-up. To receive The Bulletin in full each weekday, sign up here. First RMA changes announced ...
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While police are "broadly in favour", the government's proposed anti-gang laws are facing pushback from lawyers, rights groups and former gang members. ...
While police are "broadly in favour", the government's proposed anti-gang laws are facing pushback from lawyers, rights groups and former gang members. ...
By Miriam Zarriga in Port Moresby Australian Prime Minister Anthony Albanese has arrived at Kokoda Station, Northern province, at the start of his state visit to Papua New Guinea. Both Albanese and Prime Minister James Marape will meet with the locals and the Northern Provincial government before they begin their ...
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The same people live in the same houses but the banks now own them.
The world financial crisis will continue until governments take control of the money. Money should be a catalyst to create wealth, not an imaginary commodity used to trick and enslave us.
In New Zealand, house prices doubled between 2002 and 2007 and households added about $100 billion of foreign debt. This was virtually ignored by the Reserve Bank, which stuck to its knitting of keeping consumer price inflation between 1 and 3 per cent a year over the medium term.
Young Kiwis can’t afford to buy their own home … because of an explosion in prices. Poorer families are now paying higher rents because of the huge inflation in asset prices. Exporters are driven out of business because the kiwi is overvalued by 15 per cent, as measured by the IMF. Our current account deficit is growing, despite nearly six years of slow-to-low growth. Our GDP per capita is lower this year than it was in 2003.
The RBNZ is equivalent to the lunatics running the asylum. Most people know of the OCR through hearing about it ad-nauseum in the media but I doubt even 1% of the population know what it is & even fewer know why it is meant to keep inflation down.
The biggest irony of the RBNZs use of the OCR is that it’s intended to control the amount of money that banks lend by soaking up excess bank reserves. The reality was the banks just kept borrowing more from overseas when they ran short of reserves, the OCR never really affected their lending. We had low inflation but not for the right reasons. House prices aren’t part of the CPI so the massive inflation in the housing market didn’t show up as inflation.
The RBNZ have dug a huge economic hole for the country and none of the beancounters know how to get us out of it.
I think that they do know how to get us out of it but they won’t as it means that the free-market is a failure and they can’t admit that even though the GFC is proof positive of that failure. There’s only one way to get us out of the hole that free-market economics has put us in and that’s to restrict money flows and that they just won’t do as they keep harping on about needing foreign capital to use our own resources.
DTB have a capital gains tax on currency speculation
You already pay tax on currency speculation
Nah, they’re just stumped don’t credit them with abilities they don’t have. Inflation was kept down because we imported deflation, the reducing price of imports kept the CPI artificially low. Imports got cheaper because the overseas borrowing pushed the $NZD up, plus China started powering up with cheaper manufactured goods. NZ manufacturers couldn’t compete & started closing down so we imported more & more which kept the CPI down even more.
The problem now is that we rely on imports for just about every sector of the economy. Any attempt to drive the $NZD down will lead to high inflation in consumer goods and the RBNZ have to keep inflation below certain targets. They don’t know how to get the $NZD down AND keep inflation down. They steered the country down a no-exit road. Useless gits.
My take on the inflation targets,purely political, the middle class who hold the bulk of the votes in saying who will be the Government and who also happen to be the bulk holders of home mortgages or wanting to will not tolerate high interest rates and will vote accordingly,
My view is that the inflation target should stay, smart economics says that there can be inflation of 3%, a lower valued NZ dollar, increased employment and lower costs to housing both in the rental and sales markets,
Produce the monies to seriously increase the number of State House rentals, spend those monies into the economy at a pace that leaves the inflation rate at 2.5-3%, dilute the value of the NZDollar by having expanded capital, lower unemployment with an ongoing building program, take the steam out of all areas of the housing market by markedly increasing the housing supply,and, increase activity in the local economy which is driven by household spending simply by having produced more households…
The NZ$ was driven up by the high interest rates that the high OCR used to reduce inflation as people overseas were buying heavily in NZ$ denominated bonds sold by the banks. These bonds increased the banks capital ratio and thus allowing them to increase the lending that they could do which meant that the market was flooded with hot money – lots of hot money. A lot of that hot money went on houses pushing the price of houses up and the rest went on spending binges as people realised that they could re-mortgage and buy boats, cars, stereos etc etc which pushes the CPI up forcing the RBNZ to put the OCR up…rinse and repeat.
Now, according to the delusional free-market theory the people overseas should have looked at the massive amounts of private borrowing that NZers were doing and stopped buying NZ$. This didn’t happen because 1) the people with the money were greedy and went for the high returns and 2) a lack of investment options.
And, yeah, the deflation that was caused by China becoming a massive, high tech exporter. Increased productivity must result in deflation. This is something else that the mainstream economists get wrong. They tell us that increased productivity results in increased wages yet when we look over the last few decades what we see from increased productivity is stagnant and/or decreasing wages and boosted profits.
Reduce the OCR to zero, stop the banks selling NZ$ denominated bonds, and have the government start printing money to fund building state houses and factories. This should drop the NZ$ making imports more expensive while also boosting NZ manufacturing. Yes, there will be some inflation but NZ will survive it and be stronger afterwards.
None of this will happen though even with a left-wing government because they’re to infatuated with the failed free-market and so we’ll continue our march to the sea cliffs.
The relatively easy ‘fix’ to the problems within housing are the same as circa 1930’s, Government simply need print enough monies into circulation so as to dilute the value of the New Zealand dollar,
The monies so produced need be spent by the State in the construction of low cost rental housing owned and rented out by the State on the basis of 25% of income for the tenant(s),
Part of the structural fault within the NZ economy lies in the fact that as ‘Rogernomics’ built a new class of poor beneficiaries who were then the most ‘needy’ in terms of State Housing those employed at the minimum wage and up to the point of ‘Rogernomics’ were those traditionally housed by the State at rentals of 25% of household income,
As this change in the structure of the economy took place minimum wage workers were forced to spend more than 25% of their income on private rental accomodation thus seriously curtailing their ability to have and spend into the economy disposable income,
A large number of structural economic issues along with a wide range of social needs can be addressed simply by dramatically increasing the number of State House rentals…
House prices doubled between 2002 and 2007.
Would you be kind enough to define your source of information?
Try here;
http://www.rbnz.govt.nz/keygraphs/Fig4.html
The RBNZ note there that not much of the increase in housing stock was new houses and even that was subject to increased prices as well so a doubling of house prices between 2002 & 2007 looks about right.
Thank you DH. You have not commented on the sharp drop in House Prices after 08 and the “negative” increase about 2009. It would enhance your credibility if you gave us the full picture.
Auckland prices didn’t suffer a sharp drop in 2008 unless you call a 5% decline a sharp drop and since then risen consistently because of shortage of supply.
It would enhance your own credibility if you addressed the points raised.
Even if the GFC (which just might have temporarily affected house financing) resulted in a cumulative drop of around a fifth of peak prices, that’s still a five year increase in housing prices of 40%, most of the credit for which is purchased from overseas because most of our banks are foreign owned.
Thoughts, John?
Fair Comment McFlock. I am not an accountant, nor do I have any deep understanding of the country’s economy so I am dependant on the wisdom of others for guidance on this subject. But, when some one says “prices have doubled in 5 years”, the question arises, is this the truth, the whole truth and nothing but the truth.
DH offered a web site to support this statement(rbnz.govt.nz/keygraphs/fig4.html Fig. 4) and out of courtesy to DH, I called it up. The Graph consists of 2 data bases overlaid and is titled “House Prices and Value of Housing Stock”.
The independant variables for one data base are,(a) Annual % Change, (b) Date
For the second data base they are (a) Value of Housing Stock, (b) Date
Now the “…% Change” shown changed steeply up over the 5 years mentioned BUT, there were other, just as dramatic, changes in the down direction afterwards. Why were the changes down not mentioned?
Is the subject too complex for a simple soul like me to understand, am I looking at the wrong data, or is someone pulling a “Snow Job”.
You’re trying to make an argument out of nothing there. The drop in prices in ’08-’09 is not dramatic in the slightest and the cause is well known. The graph also shows that the ‘dramatic’ fall was cancelled by an equally dramatic increase not long after. It also doesn’t change the fact that house prices doubled in five years and that $100billion was borrowed from overseas in that period.
DH, we seem to differ in our understanding of what the Graph is portraying.
As I visualise it, at any point in time the graph is showing how fast house prices are changing. The slope of the line shows how fast the rate-of-change is changing.
The rate-of-change of the rate-of-change.
In Calculus it would be a 2nd order differential?
Also, since 08 the 1st order rate-of-change has been drifting between -10% and +8%, comparitivly stable since it has averaged out at zero to +1.
Prices rose rapidly over a 5 year period and have been stable since then. is that correct?
The OP made the correlation between house prices doubling between 2002-2007 and the accompanying buildup of foreign debt to pay for the splurge on houses. That the increase in prices had a hiatus in 2008 is irrelevant, it doesn’t change the past does it. It wouldn’t surprise me if the amount of overseas borrowing stalled in 2008 too.
The only reason I linked to the RBNZ chart was because you asked for evidence that prices had doubled in that period. That chart shows it did.
The OPs post raises a reasonable question; what would house prices have done if the banks didn’t have access to cheap overseas funding? Few houses were bought for cash, buyers had to borrow to buy a house, so what would house prices look like now if there had been $100billion less money to lend in that five years?
John72 you smell a rat and rightly so, I am sitting here reading the property section of my once local paper from 1978 , I could buy my house for 22k then on a quarter acre and basically properties in NZ have doubled in value every 7 to 8 years since the turn of the last century, it’s called inflation, something if you look into it the present monetary system can’t survive without.
But back to the 22k in 1978 if you add 10% every year from there you get roughly todays value so basically the doubling in value in 5 years is nothing unusual as since 1978 property has doubled in value every 7 to 8 years and people wonder why New Zealanders invest in property.
And the point is that back in the ’70s and early ’80s we had high inflation on everything, it wasn’t uncommon for annual wage increases to be 10% to keep up with inflation. Now we don’t have high inflation, or at least the pompous wankers at the RBNZ say we don’t have high inflation.
But the rest of us see house prices increasing +10% a year and know damn well that we do have high inflation and more importantly we have high inflation without the wage increases to pay for it. It’s just asset inflation and since that isn’t counted in the CPI as consumer inflation the RBNZ ignored it; played the three monkeys & pretended it wasn’t happening while the low/medium income earners in the country were bled dry. The beancounters have a lot to answer for.
increasing house prices are driven by increasing debt; you explained it very clearly – if house prices are advancing way faster than incomes where does the difference come from?
Only one place, its got to come from banks lifting individuals property purchasing power through the injection of debt based money into the economy.
Aye, and when you follow the trail back to its source you hit the RBNZ. The big inflation fighters are the direct cause of the massive inflation in the housing market. It’s enough to make you weep.
DH, you have not addressed all the points that I made, only those that you thought that you could defend.and even that was not successful. The graph that we have been refering to shows that the growth in house prices over the last 4 years has fluctuated between -10% and +8%.. I will refrase this for the benefit of those readers who are not happy with mathematics.
Sometimes, over the last 4 years, house prices have decreased and some times house prices have increased. The end result is that over the 4 year period prices have increased slightly. Probably about 1 or 2% in 4 years, NOT 10%.
DH, thank you for your posts,”Your actions (and words) bear witness to your thoughts”.
Yes DH the poor get poorer and the rich get richer = National Ltd, just keep asking the friends you suspect voted for this lot, “how’s you brighter future going” .
Ropata
Are you aware that only 31% of houses in New Zealand are mortgaged ?
That’s about 700,000 over which the banks fight to fund.
Fartrain So where is the other $200 billion of private debt held
Dairy farms and dairy conversions, and more dairy conversions.
Just wait 5-15 years when the baby boomers try to cash in en masse for their “retirement” and discover that there’s a glut of supply and the price plummets.
Asset bubble, like many before.
TPP item: http://www.youtube.com/watch?v=Zl112aNNTbo
this little bit of The Alyona Show has a very interesting line (at about 3:12) regarding the extraordinary level of secrecy attached to this document. A document that increasingly appears to be the victors’ presentation of our terms of surrender. Always remember, POW’s were largely unwilling captives, it was the Generals who surrendered.
The Alyona Show is covering the TPP this week, so hopefully a few more lumens into the shadows.
http://rt.com/programs/alyona-show/
Ron Kirk!
GlaxoSmithKline dirty global drug corporate caught lying and probably causing the death of a number of people. Who can we trust?
http://www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=10817202
The Standard should start a blog of shame with the global Corporates and the henchmen named and shamed.
When a story like that emerges what we should be seeing is the close down of the corporation (assets seized by the state) and the CEO, directors and probably other upper management types jailed. None of this paying a fine BS.
Lets see who we can trust…
Government
Politicians – any level
Corporations
Banks(ers) – Central, Investmen, Retail, the lot
Media
Lawyers
Military
Big Oil
Big Pharma
Big Finance
Charities
UN
WTO
WHO
NATO
UNESCO
IMF
WB
(anything that has initials, and is sold as being “there to help)
NONE, cant trust anything you hear, that you read, therfore what you think, and how you act…
People have to learn that they are being farmed, that there instincts are being removed, so that they no longer see the danger in front of them..
Listen to your instincts, trust humanity, they are there, they are buried under the lies which have been sold to people, as truth, or as what life is!
Dotcom – Top brass in the US admin involved yet the leadership of that “preddy liddle oudpost in da Soud Pacific (where it’s all to happen) wasn’t briefed.
Perhaps we should start up some billboard “Yeah rights!”
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10817283
How concerned should we be about poll results in yesterday’s Herald? Are they trustworthy? If they really are accurate, I guess we will have to try hard not to despair! A huge number of people like the direction this Government is taking. It blows one’s mind! Possibly it is due to a still ineffective Opposition? (Rather than to any particular virtue of National). Naturally, the Herald is now longing (editorial) for a three term government. On the basis of this survey, we remain in for a long, hard slog. It almost seems that this Government would be forgiven even genocide!!
I have a wide range of friends of various political persuasions, and I am struggling to find ONE that likes this current sack-of-shit government. A few tolerate, the majority have given up.
What results?
As far as I see, the polls are generally trending well for the left, given that national has no friends to speak of (and them that exists are on borrowed time).
McFlock, refer NZ Herald 3/7/12. Their results stacked up incredibly well for the Nat’s, all things considered!! Let’s hope they are biased.
Herald digipoll?
A few points to the conservative side of the last election. If they say “neck and neck” I’m not too worried.
The Dim Post highlights some excellent photoshop work by Joe W
national govt spin the wheel policy development game
john key wears his tribal tattoos
+10 dr ropata this is not wall st you know
Don’t worry mike e, our smiley faced PM will make us all millionaires by turning NZ into the ponzi capital of the Pacific
I think I should be allowed back here by now. With a pledge for a reduced presence – that will be dependent in part on whether the discussion-less niggles and attacks on me also reduce.
lol
Love that you left it a few hours just to make sure.
It’d be nice to know if you’ve learned anything from your ejection, Pete, though the whinge you had on your own site immediately afterwards suggests not.
Still, I imagine what you describe as niggles and attacks will indeed reduce if you stop being a prat. Like mike e, I accept it is good to have commenters here from the right and I genuinely look forward to having quality debates with you in the future. Kia waimarie!
I did learn (or had confirmed) that rules are applied unevenly here.
And maybe you could have a wee look in the prat mirror yourself. You often don’t attempt any sort of ‘quality debate’ – there are many examples of that. But if you genuinely want quality debate I’ll do what I can to play my part.
How can we improve the referenda process? I think both government and Citizen initiated referenda have scope for improvement.
[lprent: Rules are always applied unevenly here. A moment for reflection would have told you why. It isn’t exactly rocket science…
Life is ‘uneven’ whenever you try to set your own policy on the work of others. It is commonly called the backseat driver effect, and generally the right is full of it. They like telling others how they should live their life.
We don’t. We just tell you the bounds of how you will act here. Just live within our policies and guidelines and stop whining about it.
* To me it is rather noticeable that working seems to be somewhat more optional for most of the blog authors on the right…. One day I’ll have some time to pursue an enquiry into that observation… ]
Well, you are clearly going to give as good as you get, Pete. No problem there!
But I disagree that the rules were applied unevenly. You were chucked for a particularly lame bit of linkwhoring, posting a comment well below your usual semi-topical links to your site. I guess you need the click throughs from here to big up your own page, but you actually got bounced for not putting enough effort in to disguising it as a genuine link. That’s not the mod’s fault and I see you’ve at least put some sentences around today’s readership boosting attempt to make it seem valid. Shame you didn’t notice that there has already been a post here about the minimum pricing proposal, where all your questions are answered.
You don’t seem to understand what the ban was for, it wasn’t about moderating. Links are common and rarely reprimanded.
I did notice a post on the minimum price for alcohol, but that was a day or two ago. I thought it was something that warranted further discussion, especially on how high the price would be likely to increase, but now it’s probably moot:
So that pretty much dooms it. Just as well, it needs far more consideration than a last minute SOP.
Just to refresh your memory:
[a week ban for attempting to derail the thread with off topic link whoring. Eddie]
[lprent: bit harsh bearing in mind that it is OpenMike? ]
lol
Did TRP inadvertently self-ban by cut&pasting a mod’s comments to another commenter? 🙂
Um a bit harsh doncha think? TRP was addressing directly the point of Petey’s post. And Petey seems to have forgotten his promise to comment less …
Ha! It does rather look like I’m the first commentor to accidently ban himself, McFlock. I should have put quotation marks around Eddie’s comment. Or dropped the bold. Or put up the link. D’oh!
To clarify, Eddie was banning Pete, a week ago.
Hehe I am sure Eddie would never ban you TRP …
EDIT: McFlock is way more onto it that I am tonight …
Interesting comment.
Self immolation is just so socialist!
Ah that explains it… I was wondering what in the hell was going on…
And yet the asset sales are not his responsibility at all, but national’s…
Anyway, three cheers for Dunne cosying up to the alcohol industry. A most unexpected turn of events [sarc]
Not again we’ve had 12 years of no action so do nothing
Great policy
Pontificating george.
Fiddle while Rome burns
God pete after a hugely expensive enquiry into the industry .
The recommendations were pretty damning and very clear Shonkey Banksie and hairpiece have ignored just about all recommendations. This is a $ 6 billion a year dragon our economy from a legal addictive drug You and unbridled fuckwiits by doing nothing are neglecting the problem.
Therefore part of the problem.
Just spieling off Nactuf spin boring brainless and dunneb. s
Do some research pete and come up with some truth and originality.
I just wonder, Dear Modeartors and LPrent, how long you plural will be able to sustain this on an “after-work” basis. You are far and away the most powerful left of centre site. Surely it dserves some advertising income to be able to sustain one of you to work on this site semi-professionally?
Why not reward yourselves for this success?
We have advertising income, but it is somewhat too erratic to sustain anyone in employment. We run as a coop with a wide range of people dropping in and out depending on what we’re working on. It spreads the load.
Besides we all have interesting jobs…
[ Just live within our policies and guidelines and stop whining about it.]
I generally do live within your policies and guidelines and I make more of an effort than some at doing that.
But it would be a bit stupid not speaking about things for fear of being labeled a whiner, wouldn’t it? You dish it out with a decided advantage, but do you really expect no one to give a bit back? It’s a bit of an odd situation here, a bit like if the speaker was the PM or leader of the opposition, but most of the risks are known – except the odd time that newbies get a bollocking.
Your blog, your rules, your control, no argument with that. But it would get a bit boring if no one every challenged prescribed behaviour, wouldn’t it?
We seldom do much about whining.. Apart from getting irritated and whining about how damn pointless it is. Provided it doesn’t get to the stage of trying to tell us what to do or wasting too much time to write notes we’ll usually just be sarcastic
…sheesh PeteG. and your first thread back adds nothing to current debate but is all about you.
that will be dependent in part on whether the discussion-less niggles and attacks on me also reduce.
See, guys, Petey can’t be held responsible for his own actions, his own rate of posting, his own linkspamming … it’s our fault for being such meanies.
And to think someone with such a fantastic lack of self-awareness or sense of personal responsibility missed out on being a Member of Parliament …
pg stop blindly defending and following nactionals own spin and admit your wrong from time to time.
In politics less is more.
By the way its good to have you back its a bit boring now all the other right wingers gos gavid garett etc have gone to ground since the libor scandal as they have nothing to defend any more.
Something I suspect many on the left will have concerns with (as well as on the right) is Labour’s proposal to impose minimum prices on alcohol.
This is potentially a major proposal with potentially wideranging effects, and it will impose increased costs on the majority who can handle their booze.
I have seen very little relevant information on this. How much would alcohol prices increase? Has that been answered here? A small increase would have negligible if any effect. So would we be facing a big bump? Half as much again on the price? Double?
There’s little time to inform and discuss this properly.
http://yournz.org/2012/07/04/minimum-alcohol-price-support/
I reckon they should just target those pre mixed drinks…..
actually Labour’s proposal is to allow minimum prices to be imposed. Not impose them. If passed, that would still be up to Key. And it could be tweaked via order in council at any time.
Note to self: Must find my father-in-law’s old still from up there in Ettrick, give it a real clean and get him to teach me how.
Apparently beer homebrewing is pretty easy (but then my mate who’s into that, and has made some truly amazing homebrew, is a chemist by profession …)
Brewing beer is fairly easy. Brewing a good beer is a little more difficult although the kits you can get can help with that if you’re just starting out.
Really, all beers started out as a home brew at some point.
It is indeed… my alkie father did it in the 1960s…
Pete you are nothing but a concern troll, here is a little snip from the rationalwiki.org/wiki/Concern_troll
One common tactic of concern trolls is the “a plague on both your houses” approach, where the concern troll tries to convince people that both sides of the ideological divide are just as bad as each other, and so no one can think themselves “correct” but must engage in endless hedging and caveats. This preys on a willingness to debate critics and allow dissent; everyone wastes time discussing the matter and bending over backwards, so as not to appear intolerant of disagreement, all to the great amusement of the troll.
Does this remind you of anyone we know?
Can have a referendum on banning Pete for life.
The tobacco Industry bought the right wing off for years then Hone Harawira held UF and nactional to account increasing the price has worked so Peter Dunne has voted for it .
PG back to old tricks spieling out Nacts propaganda again .aaaaaaaa how much does national get in donations and special hospitality treats from the alcohol industry PG.
Nothing to do with ‘old tricks’. Except having concerns about the old trick of penalising everyone to try and address the problems of a few.
If the price of alcohol goes up substantially I don’t think it will be just National and UF voters who get a bit grizzly about it. And I don’t think it will be just National and UF voters who lose their jobs.
Ramping the price up has many rammifications, and it’s not likely to cure a few alcoholocs and binge drinkers.
I think it needs a lot more public discussion and consideration. One key question is how much would then price be likely to go up when there is a Labour or Green minister making the decisions. I think it’s reasonable (essential) to have some honesty and openness on this.
Over three years down the track and National Standards are even being described as “ropey” by the Prime Minister. Rather than spending more tens of millions in trying to make them work, why don’t we chuck them altogether and get back to teaching and learning!
http://localbodies-bsprout.blogspot.co.nz/2012/07/key-admits-standards-are-ropey.html
The Chinese economy is slowing and is likely to slow a lot more. Get ready for a hard landing. says Barron’s.
Did I just hear a distant pop?
Pete, look at history. The world is constantly changing. Have you learned to speak Mandarin yet? Be prepared.
Aha, along with the European and US economy’s which are also producing negative figures, something i just caught on RadioNZ this morning was a further fall in the prices of dairy products as supply increases and demand weakens,
Manufacturing figures for NZ are up 1% as the abundance of milk caused more butter, cheese, etc to be made, however, prices for dairy in the same period fell 400 million dollars,
Running into a brick wall at an ever increasing speed still results in brain damage…
The article on the Chinese economy wasn’t as catastrophist as I expected it to be. I have no economic forecasting expertise, and as much patience for pollyannas as I do for those willing a Great Leap Backward. I have however heard descriptions of New Zealand as in a “sweet spot” for an even more sustained global recession:
– strong Australian banks sustaining our credit
– a growing class of slightly more wealthy Chiense and Indian families seeking to buy our exported food and beverage into the foreseeable future
– local real estate demand and values perhaps sustained under the existing tax structures
Naturally I would not dare attribute any economic management virtue to our Government. Nor dare call so many among us in poverty as lucky by dint of “you could be worse”. Only that perhaps our global economic positioning may be about as good as it could be.
Any views?
Well, it turns out that China IS lying about everything. Even how much electricity they are using.
http://www.zerohedge.com/news/turns-out-china-lying-about-everything
You should read up Steve Keen and his view on how strong Australian banks are, particularly with regard to the hyperinflated Australian property bubble.
Also bear in mind that Australia is a two product-two country economy. And with China stumbling, you can expect Australia to follow with a 6 month lag.
sheer madness. This will not translate into any jobs or productive economic activity even if it occurs. And forget tax structures as secondary; property price expectations fueled by debt acceleration is the most crucial factor for determining change in house prices.
.
Earthquake Observation #312.75;
When you thence hear of a seven you wonder how many deaths just thence occured.
Oh TV3 News is just like Radio New Zealand… More on the seemingly endless Scott Guy trial – Guy’s parents whinging for Africa that McDonald was guilty, dammit, and why did the police fail? Really?
McDonald will not be welcomed back in town, says the reporter. Srsly, who cares? New Zealanders are very vengeful people.
Then they mention the earthquake… IMO, much more important and interesting than an endlessly rehashed murder involving the wealthy and white..
On One news tonight after the item on the Scott Guy murder AGAIN that took up one hell of a lot of time, there was a news item that the Kiwifruit PSA virus may have come from pollen imported from China.
Questions
a) Was this a bit of sabotage by the Chinese or,
b) It managed to get into this country owing to the lack of border security now this pack of shit we have as a government has reduced the number of front line security staff.
Can’t wait to see John Key shrugs and being dismissive.
When it comes to biosecurity there is this ERMA outfit.. The RM stands for risk management. The government and its agencies are prepared to take the risk and run a lottery on us not letting nasties into the country – I don’t know whether they publish odds like bookies.
The pollies can’t be bothered about the precautionary principle – it interferes with the making and implementing of their plans to squeeze all heads of departments into a telephone box and when it’s full, that’s the number of departments they’ll have.
For goodness sake, I heard how very focussed Muslims in Mali are destroying grand and ancient images of the past because of a new ideology. We have our own militant iconoclasts right here in River City, or Strait City if you prefer, yes sirree.
HCM and they all get their own reality program
God’s dead. Or did He create the Higgs boson?
The Higgs-Boson has nothing to do with God. The ‘God Particle’ is just a catchy name.
I’m fascinated – how can you be so sure?
Ummm, because it is called the Higgs Boson and the ‘God particle’ is just a catchy name.
Lawrence Krauss, cosmologist and particle physicist, says:
“it [the higgs-boson] has never been called the “God particle” by the physics community. That moniker has been picked up by the media, and I hope it goes away.”
Indeed you are right, TC. The scientests are not trying to disprove God. However, the link to religion is that the discovery removes a significant layer from the belief that some iteration of celestial superbeing created life and the universe.
All that is left now is blind faith and that leads to this sort of madness.
Na, they can always hide god somewhere. Who created the Higgs? God of course.
Well, yeah … that’s what I said at the start of the thread. But one more pillar of irrational belief has fallen and the human race takes a further step toward maturity.
TC But that catchy name of God particle may contain an unrealised truth. Nobody knows.
Na, the catchy name is media invention. It is no more the ‘god particle’ than the ‘up’ quark
You’re missing the point. The Higgs boson now replaces ‘god’ as the driver of the universe, the thing that gives life its substance and objects their mass. Much like The Dude’s rug, it ties the room together.
That doesn’t mean that creationists can’t still claim that God started the process, but it significantly narrows the claim down from ‘in the beginning God created …’ to something like ‘in the beginning God caused to happen’. In other words, the conventional understanding of God’s works is inexorably slipping away as science exposes nature’s hand in making the universe.
The higgs boson is not the driver of the universe and is as important as every other particle in the standard model in driving the universe.
It does not give life substance and while it may ‘tie the room together’ all the particles in the standard model tie the room together.
You underestimate its importance, TC. The Higgs boson is the missing link. Without it, there would be nothing but particles whizzing about randomly at light speed and nothing of substance, including ‘life’ would exist. It is to the univese what the sea is to fish, the air to birds.
However, there is still much to be discovered and this really only applies to the universe as we currently understand it. Things may change. But it is the most important discovery this century, by a significant distance, and probably science’s greatest achievement since the moon landings. And, in terms of the human race’s understanding of itself, its a significant marker on the road to intellectual and, yes, spiritual, maturity.
I do not underestimate it’s importance, you underestimate the importance of everything else in the standard model.
Without the electron there’d be no life, without all the other boson’s there’d be no life. Without the leptons or all 6 quarks there’d be no life. The Higg’s in but one of all these. Finding the higgs is like finding the final piece of a puzzle – but that doesn’t mean those other pieces are not just as important.
I think I can settle this: http://a2.sphotos.ak.fbcdn.net/hphotos-ak-ash4/376496_444755935545423_2096910254_n.jpg
Ok, I’ll stick with the scientists, you stick with your understanding. Let me know when the Nobel people call, I wanna be there when you get the medal.
Edit: cheers, felix, very witty.
Umm, what? The Standard model of physics relies on many different particles of which the higgs is but one.
Without the leptons, for example, the standard model would be false and life as we know it wouldn’t exist.
The fanfare is due to the Higg’s being the final piece of the puzzle, not the puzzle itself.
Here look:
http://en.wikipedia.org/wiki/Lepton
Without leptons there’d be no electron, without the electron, no life. As important as the Higg’s.
Am I still able to say “The more we learn, the more we realise how little we know”?
All these discoverys, over the last 100 years plus, are fascinating but they still seem to leave some unanswered questions.
1. Time, as we know it, seems to have had a begining. Who started it ticking? Who “pulled the trigger” for the for the Big Bang.
2. The Universe, as we know it, is a beautiful and imaginative structure. Who designed it?
3. The Earth we live on is also a beautiful and imaginative structure. Who designed it?
4. Go to the internet and find a photo of the Earth, taken from the Moon. If you had a free hand, could you improve on what we have?
5. Accepting that the Earth had a begining, WHY was it created?
6. Is time, as we know it, total reality? Is it possible that there are other dimensions around us that we are not priviledged to experience or understand?
7. Higgs is another step in the adventure of life. I do not think anyone (except the media) is presenting it as the final answer.
If questions 1-6 upset you, good. Read them again, and ask yourself why they upset you.
Perhaps there is a GOD and you are not yet ready to admit it. In every religion you will see examples of the Church becoming too self-important. This is unfortunate because some people use this as a reason to stop thinking. There are a multitude of humble people and genuine churches in so many religions, but they are often unnoticed.
Life is an adventure. Go out and enjoy it. Start in your own neighbourhood.
1: Shit just happens.
2: see 1.
3: see 2.
4: vibrating couches that grow on trees. Human testicles would be encased in protective shells (or at least less things would be at nut height). Coconut milk contains 40% ethanol. IT folk irresistible to opposite gender. Beef fat would be healthier than lentils or chickpeas. Watching TV or reading a book would be an effective cardiovascular workout.
5: see 3.
6: no. yes – see 5.
Not upset by your questions. Surprised you think I might be.
1. No ‘who’. The laws of physics allow for the creation of a universe
2. No one designed it
3. No one designed it
4. No, fine the way it is
5. The earth wasn’t created for any reason
6. Indeed, according to string theory there 11 dimensions
7. The final answer is possibly unknowable
1. Physics has no say in the matter. Some philosophers make a good case for a Creator. And there are other pieces of evidence. A God hypothesis is just as valid as other theories such as PUG, MWI, the eternal or oscillating universe.
2/3. Design in nature is fascinating. Examples: Smolin, Feynman, Wigner
4. Looks like the work of a supreme and subtle intellect…
5. Here’s part of the answer. See also “The Reason Why” by R.A. Laidlaw
6. Only a few iconoclasts really think that the laws of physics == total reality
7. 42
Cont I thought god created everything.
nah just fuckwits
I think Te Reo Putake may be referring to Hawking’s latest speculative pseudo science book
Have you read said speculative pseudo science book?
Because I have and much of it isn’t speculative (the conclusions are but science is not)
Some of it. Not a bad read, but it did not impress actual working physicists.
Indeed, it had mixed reviews.
Not bad for a guy typing one word per minute with his cheek muscles I bet.
It was a thoroughly entertaining read
Wow.. Chrome for the iPad is very clean and stable. Love the mike on the address bar. Takes whatever you say and googles it. And it understands my raspy post cold voice…
Try saying “the standard” or “John key is a dork”. The latter takes you to Cactus Kate ….