Open mike 05/09/2022
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6:00 am, September 5th, 2022 - 54 comments
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- Dance Magic
Well, I've been there, sitting in that same chairWhispering that same prayer half a million timesIt's a lie, though buried in disciplesOne page of the Bible isn't worth a lifeThere's nothing wrong with youIt's true, it's trueThere's something wrong with the villageWith the villageSomething wrong with the villageSongwriters: Andrew Jackson ...7 hours ago - Government Forces Universities to Enforce “Free Speech” While Limiting Universities̵...
ACT would like to dictate what universities can and can’t say. We knew it was coming. It was outlined in the coalition agreement and has become part of Seymour’s strategy of “emphasising public funding” to prevent people from opposing him and his views—something he also uses to try and de-platform ...8 hours ago - Fact brief – Are we heading into an ‘ice age’?
Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by Sue Bin Park from the Gigafact team in collaboration with members from our team. You can submit claims you think need checking via the tipline. Are we heading ...20 hours ago - As Our Power Lessens: Published
So the Solstice has arrived – Summer in this part of the world, Winter for the Northern Hemisphere. And with it, the publication my new Norse dark-fantasy piece, As Our Power Lessens at Eternal Haunted Summer: https://eternalhauntedsummer.com/issues/winter-solstice-2024/as-our-power-lessens/ As previously noted, this one is very ‘wyrd’, and Northern Theory of Courage. ...1 day ago - By Any Other Name.
The Natural Choice: As a starter for ten percent of the Party Vote, “saving the planet” is a very respectable objective. Young voters, in particular, raised on the dire (if unheeded) warnings of climate scientists, and the irrefutable evidence of devastating weather events linked to global warming, vote Green. After ...1 day ago - Bernard’s last Saturday Soliloquy for 2024
The Government cancelled 60% of Kāinga Ora’s new builds next year, even though the land for them was already bought, the consents were consented and there are builders unemployed all over the place. Photo: Lynn Grieveson / The KākāMōrena. Long stories short, the six things that mattered in Aotearoa’s political ...1 day ago - Bernard’s Picks ‘n’ Mixes for Saturday, December 21
Photo by CHUTTERSNAP on UnsplashEvery morning I get up at 3am to go around the traps of news sites in Aotearoa and globally. I pick out the top ones from my point of view and have been putting them into my Dawn Chorus email, which goes out with a podcast. ...1 day ago - 2024 OIA stats
Over on Kikorangi Newsroom's Marc Daalder has published his annual OIA stats. So I thought I'd do mine: 82 OIA requests sent in 2024 7 posts based on those requests 20 average working days to receive a response Ministry of Justice was my most-requested entity, ...2 days ago - Climate Change: A perverse incentive
The government published its first Biennial Transparency Report under the Paris Agreement yesterday, and the media has correctly noted that it is missing any plan to actually meet our target. While it hypes domestic emissions reductions so far - which have been good, but will likely get worse thanks to ...2 days ago
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Welcome to the December 2024 Economic Bulletin. We have two monthly features in this edition. In the first, we discuss what the Half Year Economic and Fiscal Update from Treasury and the Budget Policy Statement from the Minister of Finance tell us about the fiscal position and what to ...2 days ago - NZCTU make submission in opposition to Treaty Principles Bill
The NZCTU Te Kauae Kaimahi have submitted against the controversial Treaty Principles Bill, slamming the Bill as a breach of Te Tiriti o Waitangi and an attack on tino rangatiratanga and the collective rights of Tangata Whenua. “This Bill seeks to legislate for Te Tiriti o Waitangi principles that are ...2 days ago
- ZB’s Power Couple
I don't knowHow to say what's got to be saidI don't know if it's black or whiteThere's others see it redI don't get the answers rightI'll leave that to youIs this love out of fashionOr is it the time of yearAre these words distraction?To the words you want to hearSongwriters: ...2 days ago - Austerity thumps GDP most since 1991
Our economy has experienced its worst recession since 1991. Photo: Lynn Grieveson / The KākāMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Friday, December 20 in The Kākā’s Dawn Chorus podcast above and the daily Pick ‘n’ Mix below ...2 days ago
- Weekly Roundup 20-December-2024
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The podcast above of the weekly ‘Hoon’ webinar for paying subscribers on Thursday night features co-hosts & talking about the year’s news with: on climate. Her book of the year was Tim Winton’s cli-fi novel Juice and she also mentioned Mike Joy’s memoir The Fight for Fresh Water. ...2 days ago
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The Government can head off to the holidays, entitled to assure itself that it has done more or less what it said it would do. The campaign last year promised to “get New Zealand back on track.” When you look at the basic promises—to trim back Government expenditure, toughen up ...3 days ago - Skeptical Science New Research for Week #51 2024
Open access notables An intensification of surface Earth’s energy imbalance since the late 20th century, Li et al., Communications Earth & Environment: Tracking the energy balance of the Earth system is a key method for studying the contribution of human activities to climate change. However, accurately estimating the surface energy balance ...3 days ago
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Photo by Mauricio Fanfa on UnsplashKia oraCome and join us for our weekly ‘Hoon’ webinar with paying subscribers to The Kākā for an hour at 5 pm today.Jump on this link on YouTube Livestream for our chat about the week’s news with myself , plus regular guests and , ...3 days ago - Christmas Gifts: Ageing Boomers, Laurie & Les, Talk Politics.
“Like you said, I’m an unreconstructed socialist. Everybody deserves to get something for Christmas.”“ONE OF THOSE had better be for me!” Hannah grinned, fascinated, as Laurie made his way, gingerly, to the bar, his arms full of gift-wrapped packages.“Of course!”, beamed Laurie. Depositing his armful on the bar-top and selecting ...3 days ago
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Data released by Statistics New Zealand today showed a significant slowdown in the economy over the past six months, with GDP falling by 1% in September, and 1.1% in June said CTU Economist Craig Renney. “The data shows that the size of the economy in GDP terms is now smaller ...3 days ago
- Cheeseburgers and Stunt Monkeys
One last thing before I quitI never wanted any moreThan I could fit into my headI still remember every single word you saidAnd all the shit that somehow came along with itStill, there's one thing that comforts meSince I was always caged and now I'm freeSongwriters: David Grohl / Georg ...3 days ago - MSD rejecting 220 pleas for food grants each day
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- The Wing Parties’ Economic Policies.
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This morning I awoke to the lovely news that we are firmly back on track, that is if the scale was reversed.NZ ranks low in global economic comparisonsNew Zealand's economy has been ranked 33rd out of 37 in an international comparison of which have done best in 2024.Economies were ranked ...3 days ago - Book Review: How Big Things Get Done
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Today is a special member's morning, scheduled to make up for the government's theft of member's days throughout the year. First up was the first reading of Greg Fleming's Crimes (Increased Penalties for Slavery Offences) Amendment Bill, which was passed unanimously. Currently the House is debating the third reading of ...4 days ago
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- December-24 AT Board Meeting
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Some years ago, I found myself pondering the power of literature to endure. Or at least the power of some of it to endure, while the rest vanishes in mere decades: https://phuulishfellow.wordpress.com/2019/08/07/look-on-my-works-ye-mighty-and-despair-the-literary-future/. I have similarly had fun with the subject in some of my short stories, such as Another Alexandria ...5 days ago - Corrections is torturing prisoners again
In 1998, in the wake of the Paremoremo Prison riot, the Department of Corrections established the "Behaviour Management Regime". Prisoners were locked in their cells for 22 or 23 hours a day, with no fresh air, no exercise, no social contact, no entertainment, and in some cases no clothes and ...5 days ago
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New data released by the Treasury shows that the economic policies of this Government have made things worse in the year since they took office, said NZCTU Economist Craig Renney. “Our fiscal indicators are all heading in the wrong direction – with higher levels of debt, a higher deficit, and ...5 days ago
- “Better economic management”
At the 2023 election, National basically ran on a platform of being better economic managers. So how'd that turn out for us? In just one year, they've fucked us for two full political terms: The government's books are set to remain deeply in the red for the near term ...5 days ago
- Shameless, clueless
AUSTERITYText within this block will maintain its original spacing when publishedMy spreadsheet insists This pain leads straight to glory (File not found) Read more ...5 days ago - Minimum wage ‘increase’ is an effective cut
The NZCTU Te Kauae Kaimahi are saying that the Government should do the right thing and deliver minimum wage increases that don’t see workers fall further behind, in response to today’s announcement that the minimum wage will only be increased by 1.5%, well short of forecast inflation. “With inflation forecast ...5 days ago
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Oh, I weptFor daysFilled my eyesWith silly tearsOh, yeaBut I don'tCare no moreI don't care ifMy eyes get soreSongwriters: Paul Rodgers / Paul Kossoff. Read more ...5 days ago - How much should you worry about a collapse of the Atlantic conveyor belt?
This is a re-post from Yale Climate Connections by Bob Henson In this aerial view, fingers of meltwater flow from the melting Isunnguata Sermia glacier descending from the Greenland Ice Sheet on July 11, 2024, near Kangerlussuaq, Greenland. According to the Programme for Monitoring of the Greenland Ice Sheet (PROMICE), the ...5 days ago
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In August, I wrote an article about David Seymour1 with a video of his testimony, to warn that there were grave dangers to his Ministry of Regulation:David Seymour's Ministry of Slush Hides Far Greater RisksWhy Seymour's exorbitant waste of taxpayers' money could be the least of concernThe money for Seymour ...5 days ago - When austerity worsens public debt & cuts GDP
Willis is expected to have to reveal the bitter fiscal fruits of her austerity strategy in the HYEFU later today. Photo: Lynn Grieveson/TheKakaMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Tuesday, December 17 in The Kākā’s Dawn Chorus podcast ...5 days ago
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The Prime Minister yesterday engaged in what looked like a pre-emptive strike designed to counter what is likely to be a series of depressing economic statistics expected before the end of the week. He opened his weekly post-Cabinet press conference with a recitation of the Government’s achievements. “It certainly has ...6 days ago
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And if there is a GodI know he likes to rockHe likes his loud guitarsHis spiders from MarsAnd if there is a GodI know he's watching meHe likes what he seesBut there's trouble on the breezeSongwriter: William Patrick Corgan Read more ...6 days ago - A Lipstick Government
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Iain Rennie, CNZMSecretary and Chief Executive to the TreasuryDear Secretary, Undue restrictions on restricted briefings This week, the Treasury barred representatives from four organisations, including the New Zealand Council of Trade Unions Te Kauae Kaimahi, from attending the restricted briefing for the Half-Year Economic and Fiscal Update. We had been ...6 days ago
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A grassroots backlash has forced a backdown from Brown, but he is still eyeing up plenty of tolls for other new roads. And the pressure is on Willis to ramp up the Government’s austerity strategy. Photo: Getty ImagesMōrena. Long stories short, the six things that matter in Aotearoa’s political economy ...6 days ago
- Thank You
Hi all,I'm pretty overwhelmed by all your messages and emails today; thank you so very much.As much as my newsletter this morning was about money, and we all need to earn money, it was mostly about world domination if I'm honest. 😉I really hate what’s happening to our country, and ...7 days ago - 2024 SkS Weekly Climate Change & Global Warming News Roundup #50
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I started writing this morning about Hobson’s Pledge, examining the claims they and their supporters make, basically ripping into them. But I kept getting notifications coming through, and not good ones.Each time I looked up, there was another un-subscription message, and I felt a bit sicker at the thought of ...1 week ago - Nothing here but the shadows
Once, long before there was Harry and Meghan and Dodi and all those episodes of The Crown, they came to spend some time with us, Charles and Diana. Was there anyone in the world more glamorous than the Princess of Wales?Dazzled as everyone was by their company, the leader of ...1 week ago - The United Right: the FSU’s Continued Efforts to Undermine Academia
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Just ten days ago, South Korea's president attempted a self-coup, declaring martial law and attempting to have opposition MPs murdered or arrested in an effort to seize unconstrained power. The attempt was rapidly defeated by the national assembly voting it down and the people flooding the streets to defend democracy. ...1 week ago
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Hi,“What I love about New Zealanders is that sometimes you use these expressions that as Americans we have no idea what those things mean!"I am watching a 30-something year old American ramble on about how different New Zealanders are to Americans. It’s his podcast, and this man is doing a ...1 week ago - Chris Penk’s Hate Parade
What Chris Penk has granted holocaust-denier and equal-opportunity-bigot Candace Owens is not “freedom of speech”. It’s not even really freedom of movement, though that technically is the right she has been granted. What he has given her is permission to perform. Freedom of SpeechIn New Zealand, the right to freedom ...1 week ago - Tell me a story
All those tears on your cheeksJust like deja vu flow nowWhen grandmother speaksSo tell me a story (I'll tell you a story)Spell it out, I can't hear (What do you want to hear?)Why you wear black in the morning?Why there's smoke in the air? Songwriter: Greg Johnson.Mōrena all ☀️Something a ...1 week ago - As Our Power Lessens: Accepted
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National has only been in power for a year, but everywhere you look, its choices are taking New Zealand a long way backwards. In no particular order, here are the National Government's Top 50 Greatest Misses of its first year in power. ...2 days ago - Release: Minister’s plan for tertiary sector a backwards step
Returning to the model that was failing for most polytechnics and Institutes of Technology is not the answer. ...2 days ago
- Release: National buries 1019 planned homes
It’s been revealed that National has cancelled 60 percent of its housing projects planned before mid-2025 amidst housing woes. ...2 days ago
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The Government is quietly undertaking consultation on the dangerous Regulatory Standards Bill over the Christmas period to avoid too much attention. ...2 days ago
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Prime Minister Christopher Luxon is running away from problems of his own creation, with his decision not to go to Waitangi. ...3 days ago
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The Government’s planned changes to the freedom of speech obligations of universities is little more than a front for stoking the political fires of disinformation and fear, placing teachers and students in the crosshairs. ...3 days ago - Release: Nicola Willis spirals country deeper into recession
The economy shrank 1% this quarter and New Zealand has tumbled into the depths of a recession of Nicola Willis’ making. ...3 days ago
- Release: Hikes for company directors but not ordinary Kiwis
Working people are going backwards while company directors are being given huge pay hikes. ...4 days ago
- ECE no place to cut corners
The Ministry of Regulation’s report into Early Childhood Education (ECE) in Aotearoa raises serious concerns about the possibility of lowering qualification requirements, undermining quality and risking worse outcomes for tamariki, whānau, and kaiako. ...4 days ago
- Release: Strengthening Justice Services for New Zealanders
A Bill to modernise the role of Justices of the Peace (JP), ensuring they remain active in their communities and connected with other JPs, has been put into the ballot. ...4 days ago
- Release: Labour will continue fight against destructive projects
Labour will continue to fight unsustainable and destructive projects that are able to leap-frog environment protection under National’s Fast-track Approvals Bill. ...5 days ago
- Green Government will revoke dodgy fast-track projects
The Green Party has warned that a Green Government will revoke the consents of companies who override environmental protections as part of Fast-Track legislation being passed today. ...5 days ago
- Government for the wealthy keeps pushing austerity
The Green Party says the Half Year Economic and Fiscal Update shows how the Government is failing to address the massive social and infrastructure deficits our country faces. ...5 days ago
- Release: Visa changes let migrant workers be paid less
The Government’s latest move to reduce the earnings of migrant workers will not only hurt migrants but it will drive down the wages of Kiwi workers. ...5 days ago
- Release: Nightmare before Christmas for Nicola Willis
With more debt and a larger deficit, Nicola Willis’ reputation is in tatters after her failure to return the Government’s books to surplus. ...5 days ago
- Warning to Fast-Track Applicants – ‘Exploit the Whenua, Face the Consequences’
Te Pāti Māori has this morning issued a stern warning to Fast-Track applicants with interests in mining, pledging to hold them accountable through retrospective liability and to immediately revoke Fast-Track consents under a future Te Pāti Māori government. This warning comes ahead of today’s third reading of the Fast-Track Approvals ...5 days ago
- Release: Govt cuts wages for lowest paid NZers… again
For the second year running, the government has effectively cut wages for the lowest paid workers in New Zealand. ...5 days ago
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The Government’s announcement today of a 1.5 per cent increase to minimum wage is another blow for workers, with inflation projected to exceed the increase, meaning it’s a real terms pay reduction for many. ...5 days ago
- Release: Govt shirking responsibility for rate hikes
All the Government has achieved from its announcement today is to continue to push responsibility back on councils for its own lack of action to help bring down skyrocketing rates. ...5 days ago
- Luxon’s ‘localism’ strikes again
The Government has used its final post-Cabinet press conference of the year to punch down on local government without offering any credible solutions to the issues our councils are facing. ...6 days ago
- Release: Govt breaks promise on EV chargers
The Government has failed to keep its promise to ‘super charge’ the EV network, delivering just 292 chargers - less than half of the 670 chargers needed to meet its target. ...6 days ago
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The Green Party is calling for the Government to stop subsidising the largest user of the country’s gas supplies, Methanex, following a report highlighting the multi-national’s disproportionate influence on energy prices in Aotearoa. ...6 days ago
- Govt child poverty targets allow for increase in poverty
The Green Party is appalled with the Government’s new child poverty targets that are based on a new ‘persistent poverty’ measure that could be met even with an increase in child poverty. ...1 week ago
- Release: Four weeks annual leave under threat
The Government’s attack on workers continues with news it is scrapping work on the Holidays Act. ...1 week ago
- Govt’s emissions plan for measly 1% reduction
New independent analysis has revealed that the Government’s Emissions Reduction Plan (ERP) will reduce emissions by a measly 1 per cent by 2030, failing to set us up for the future and meeting upcoming targets. ...1 week ago
- Greens stand in solidarity with Whakaata Māori on sad day
The loss of 27 kaimahi at Whakaata Māori and the end of its daily news bulletin is a sad day for Māori media and another step backwards for Te Tiriti o Waitangi justice. ...1 week ago
- Sanctions regime to create more hardship for families
Yesterday the Government passed cruel legislation through first reading to establish a new beneficiary sanction regime that will ultimately mean more households cannot afford the basic essentials. ...1 week ago
- Govt gifts renters housing anxiety for Christmas
Today's passing of the Government's Residential Tenancies Amendment Bill–which allows landlords to end tenancies with no reason–ignores the voice of the people and leaves renters in limbo ahead of the festive season. ...1 week ago
- Release: National Party urged to support modern slavery legislation
Labour is urging the Prime Minister to walk the talk and support legislation combating modern slavery. ...1 week ago
- Release: Labour has lost confidence in the Speaker
The Speaker of the New Zealand Parliament made an unprecedented decision on the government amendment to the Fast Track Approvals Bill last night. ...1 week ago
- One year on, still no progress on new ferries
Today’s announcement from the Government on its plan for new ferries throws more uncertainty on the future of the country’s rail network. ...2 weeks ago
- Release: Nicola Willis’ smaller ferries will cost more
After wasting a year, Nicola Willis has delivered a worse deal for the Cook Strait ferries that will end up being more expensive and take longer to arrive. ...2 weeks ago
- Bill to sanction unlawful occupation of Palestine
Green Party co-leader Chlöe Swarbrick has today launched a Member’s Bill to sanction Israel for its unlawful presence in the Occupied Palestinian Territory, as the All Out For Gaza rally reaches Parliament. ...2 weeks ago
- Release: Labour fully supports greyhound racing ban
The Government has done the right thing in moving to ban greyhound racing. ...2 weeks ago
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- New Zealand to assist Vanuatu on earthquake response
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Horrifying read about the billionaire preppers. Basically they want to invent the tech to get away from the rest of us, some even want to cause the apocalypse. Though some want to 'befriend' us, so we don't turn against them.
https://www.theguardian.com/news/2022/sep/04/super-rich-prepper-bunkers-apocalypse-survival-richest-rushkoff
Including our very own.. "citizen"
Grrrrr
As a major reader of both history and post-apocalyptic SF – the reality is that these Tech guys won't end up on top in a disaster. The skill-sets they have aren't valuable ones in the event of a true catastrophe. And the resources they've accumulated will be used by others.
The odd are getting odder. And more dangerous.
https://www.newsroom.co.nz/spies-extremist-citizens-arrests-could-end-in-violence?utm_source=Friends+of+the+Newsroom&utm_campaign=1a8227bd3b-Daily_Briefing+05.09.2022&utm_medium=email&utm_term=0_71de5c4b35-1a8227bd3b-47886425
There is one word superfluous in the article- at the end of this quote…..
"We judge that this, combined with individuals’ personal grievances, increases the likelihood that individuals will be radicalised and inspired to mobilise to violence, which could happen with little or no intelligence
forewarning."Now Larry I could vote for!
No lying in No 10 – unless it's on a comfy sofa, and a responsible hiss-cal policy.
What's not to like.
I'd like to see the evidence that cats don't lie 😉
Whats his policy on dead rats? Swallow and bury or decapitate and leave as presents? Second is more honest but generally out of favour with the public.
well my cat has dead rats for breakfast, so no worries there.
All dead rats – as purr the cat nap manual are to lie under the table. As any cat knows, tales of dead rats can be given in evidence.
"Look at what I have brought home for you! And I have even unpacked it and laid out the bits you might want to eat first. No – don't thank me, it was the least I could do".
If you are referring to that minor indiscretion in the corner behind the chair – it wasn't meow!
https://twitter.com/wekatweets/status/1566552057787473920
He's head and shoulders above the other two.
I, along with many others, have great Respect for Sir Alan Mark. He has truly been a Guardian of NZ ecosystems. Fantastic he is putting himself into this !
Sir Alan Mark cares about NZ and its future. Others could nae give a tinker's cuss.
thanks for that. I put up a post.
.https://thestandard.org.nz/voting-for-our-lives-protecting-the-environment-from-the-late-capitalism-death-cult/
Oh that is very cool. Thankyou : )
The not so secret handshake.
https://digitalfinanceanalytics.com/blog/inside-the-tent-how-power-really-works-with-cameron-murray/
The GOP strategy for the Congressional elections was outlined for Fathers Day in the USA by Tucker Carlson on Fox News.
1. GOP candidates win school board elections campaigning against race and gender issues being in schools and so this should be the case for Congress.
2. Stress the importance of compliance with law and order (as civil rights are rolled back) under the direction of the new Supreme Court.
3. Border security for the USA (opposing illegal migration) not supporting foreign nations like Ukraine.
4. Linking womens right feminism with childless careers serving corporations
5. Promoting the GOP as one with the cause and service to family
6. Associating families headed by a sole mother with fatherlessness, poverty and crime
To which the Democrats should simply ask would any of the GOP candidates for Congress support a tax credit for families? And of course propose that the tax credit provided during the pandemic and which lowered child poverty be made permanent – thus only be possible with a Democratic majority in both houses of Congress.
An issue, the 2005 election was fought over here (Brash attacked the then PM for placing a career before family – the classic Jehu defenestration of a woman in power move). Key of course accepted the WFF tax credit to win power in 2008.
Stress the importance of compliance with law and order. Cute eh?
So someone allegedly breaks all sorts of laws and you threaten the officials whose job it is to investigate. Is that how it works?
How to outflank a right-wing host who would otherwise intervene ideologically
https://twitter.com/BeardedGenius/status/1566349321750171648
lol, for a minute there I thought The Great British Sewing Bee was ruined.
My God, what a class act! Love the replies eg:
We've got our fair share of such idiots too.
That. Was brilliant.
An article on Christianity in US politics.
https://wapo.st/3AR9JA4
Vladimir PUT OPTION,catches Europe by big short and the energy markets will contagion into financials as markets open,and analysts start to see a huge risk unwinding (1998 revisited) as governments impose both subsidy for consumers funded by windfall tax's on Generators,who in turn need to be bailed out by governments to meet margin calls,
https://twitter.com/JavierBlas/status/1566471702489534467?cxt=HHwWhsC4mdjtnL0rAAAA
Germany around another 100 billion Euro for generators,as well as 100 billion Euro for consumers.( With gross positions around 2-5 trillion euro)
Finland calls a Lehman moment ,although it is more LTCM (which was Russian default forced)
https://en.wikipedia.org/wiki/Long-Term_Capital_Management
https://twitter.com/OilSheppard/status/1566497575175442433?cxt=HHwWgsC-3dbPqL0rAAAA
What to do….
Default and lose preferred access to financial markets (assuming they continue to exist) or burden taxpayers (current and future) the costs.
No good options
Default is not an option,as it is intertwined in the financial markets ,a single position of say 100 million,may have been hedged and swaped into 20 different financial commodities with a gross risk of > 1 billion.
There needs to be a substantive untangling of positions to align the physical trades with the real demand.
In the UK both contenders for the PM have withdrawn from lines in the sand statements as the ill wind blows and the BOE whispered in a few ears ( with the pound at risk of parity with the $)
Default remains a possibility….and nobody knows the potential related positions.
Default is always a possibility,especially with energy trades without physical positions,as with so called electrical retailers in the UK.
With the eurozone and UK there are further risks with currency depreciation ( euro just going under 99c US) for imported commodity's ,the correction maybe for the ECB to hit .75 points on Thursday to stop capital flight.
The positions are always risky as some will be very creative,but always add up exponentially such as LTCM with 4 billion in capital levered into 120 billion in debt through swaps etc.
( europe stock futures down 3.3% b4 open )
Truss is making extravagant promises on energy as well.
Plenty of UK pensioners bundled in single rooms.
Winter's coming.
Truss has painted herself into a corner with tax cuts and NHS reversals,leaving little room for energy (with UK providers in margin calls as well) she became a one trick pony (like the nats) with only a tax cut card platform.
The BOE forecast 13.3% inflation by jan,citicorp reckons 22% the 70's show revisited when the IMF comes for NY dinner.
Blasphemy? On RNZ?!! Although gold was Melchior's gift to the Son.
This is quite ironic.
https://www.breitbart.com/local/2022/09/04/stranded-tourist-dead-electric-car-helped-west-virginia-coal-miners/
No more or less ironic than if it had run out of petrol.
Bring back coal powered steam engines I say.
What I found …. strange … if true, was that there is apparently nowhere for a tow-cable to be attached – since the car is basically all plastic.
Sounds like a major design flaw. Even the best of cars break down.
Now if only the model of car had been posted it would be possible to verify the factual nature of that post. Fortunately no specific electric car companies were hurt in the making of this news item by breitbart media.
Had a quick look – and apparently it's true.
Less to do with the plastic nature of the vehicle and challenges in fitting tow points, and more to do with the way the EV has no 'neutral' and the wheels connect to the motor.
Flat-bed tow truck is the only recommended-by-the-manufacturers solution.
"What about towing a depleted EV to the nearest charger? This shouldn’t be done, as most manufacturers recommend against towing electric cars, even when in neutral, due to how the motors are attached to the wheels and their lack of a true neutral gear. To avoid damaging the car, it’ll have to be loaded onto a flat-bed truck instead of being towed by the patrol van of a breakdown company."
https://www.wired.co.uk/article/electric-vehicles-breakdown
https://www.stuff.co.nz/business/opinion-analysis/300678845/excessive-government-is-it-time-for-labour-to-rein-it-in#comments
I hope Danyl Mclauchlan get annoyed enough to respond.
That old classic. With this the wealthy entrench their privilege by ensuring no social progress is possible because, they say, it is impossible to do well.
Talk about small thinking. What if the private sector thought that way? No-one would try anything!
The discredited
Business Round TableNZ Initiative risking their dubious reputation to sledge Labour instead of prepping an entrepreneurial solution? How unprofessional.Wheeeeeee! But I suppose the RWNJs will call this a new tax too!
https://www.stuff.co.nz/business/129781645/nz-plan-to-levy-gst-on-uber-trips-and-airbnb-bookings-a-world-first
National focus groups are on it!
Pre-emptively, the Government needs to announce what the new levy (or application of the existing levy to a previously exempt income stream) will be used for.
If they're wise, they'll be looking at added tourism support funding from the AirBnB stream (e.g. public toilets in tourist popular, but low population, areas). The uber stream might go to funding public transport subsidies. [You could also look at offsetting GST on PT – but they've been reluctant to look at exemptions in the past]
I believe that Kiwis are more likely to support a new 'tax' if they can see the proceeds going to a relevant area. Certainly for the next couple of years.
They're less likely to gain support if the funding just goes into general revenue.
Yes, some good ideas there on how to sell a policy to the public.
As for "relevant area" for proceeds of GST on AirBnB at source, you couldn't look further than support for renters rights! Government has complained that policing healthy homes standards and policing illegal landlord eviction behaviour is too costly and the burden shall remain with the lowly tenant.
About time that changed, don't you think?
Here we go. Enjoy!
Short precis; seven different property agents acknowledge AirBnB is major influencing problem in the rental sector. Aus/NZ AirBnB rep says, 'nothing to see here, let them eat cake, etc'.
AirBnB and Uber need a good, swift kick in the nuts imo, and I am so proud David Parker is taking the worldwide lead on this.
https://www.stuff.co.nz/life-style/homed/real-estate/129712562/heres-what-airbnb-can-do-to-a-rental-market
That's one reason that there really isn't a decent alternative to building state houses.
Do you really think that imposing GST on AirBnB rentals will cause landlords to re-consider and offer them to long term tenants?
It seems unlikely to me.
Looking more and more likely that the Tiwai Point Smelter will remain open for a long time to come.
https://www.bloomberg.com/news/articles/2022-09-04/energy-crisis-europe-s-aluminum-smelters-are-struggling-to-survive?utm_campaign=socialflow-organic&utm_source=twitter&utm_content=business&utm_medium=social&cmpid=socialflow-twitter-business
Chile heavily defeats progressive constitution reform,and retains Pinochet 41 yr old constitution.
A large work of art at 388 pages the over complex tome was to big to succeed.
https://www.cbc.ca/news/world/chile-constitution-vote-referendum-magna-carta-1.6572652