‘The Dow Jones Industrial Average sank more than 375 points as a selloff in Chinese equities spread around the world, fanned by concerns that economic growth is decelerating from Asia to North America.
The U.S. blue-chip index tumbled toward its worst start to a year since 1932, while banks and technology shares led the Standard & Poor’s 500 Index lower.
A measure of global equities headed for its worst inaugural session in at least three decades. Emerging markets slid the most since August as slowing manufacturing triggered a selloff that halted Shanghai trading. Bonds jumped and the yen rallied on demand for haven assets.
“We’ve had a number of negatives out there in the U.S. throughout most of last year as investors battled to have a flat year and China is a reminder that there aren’t many things to be bullish about going into this year,” Michael O’Rourke, chief market strategist at Jones Trading Institutional Services LLC in Greenwich, Connecticut, said by phone.
Investors returning to the market after the New Year holiday faced a worldwide selloff sparked by weak factory data in China, while a reading that showed the fastest contraction in U.S. manufacturing in six years added to anxiety that slowing growth in the world’s second-largest economy is spreading.
A flareup in tension between Saudi Arabia and Iran increased geopolitical unease.’
MORE BAD NEWS ABOUT WATER QUALITY IN CANTERBURY
This from the Timaru Herald today.
“Potentially toxic algae continues to bring risks to the region’s river users in the warm, dry conditions. Warnings remain in place on the Opihi River at State Highway 1 and Waipopo Huts, the Waihao River below Bradshaws Bridge, the Waihi River at Winchester and Geraldine, the Temuka River at SH1, the Hakataramea River at the SH82 bridge, and the Pareora River at SH1 and Evans Crossing.
Regional authority Environment Canterbury warns “significant quantities” of cyanobacteria algae at the sites could make people and pets who touch the water or algae sick.
As well as the algae, recorded E coli levels nearing “trigger levels” at several sites mean the Opihi River at Saleyards Bridge near Pleasant Point and the Otaio River at Otaio Gorge are the only monitored South Canterbury river sites ECan rates as “good” for swimming. ”
Yesterday only the mid & North Canterbury rivers were named but this report shows that Ecan the National Govt. appointed group are failing the whole of their area.
The Opihi was my childhood river where I learnt to swim, caught cockies, made rafts , drank it. WoooH this is not the New Zealand I grew up in.
Minister Smith and other Nat Ministers responsible are a disgrace, their leader should take their portfolios off them. I wish….
It was interesting to note the other day that both David Cameron and John Key used the same “New Zealand/Britain on the cusp/verge of something special” in their respective election campaigns. The New Zealand election came first so I guess this particular PR spin was tried out here first and then repeated in Britain.
While consumption is happening it gives the impression that there is a real economy (with old-fashioned Form 3 economic systems operating – workers making and doing things, earning, factories and business activity selling things and so on, workers and others buyiing those things, with govt transfers and taxes streaming out from the side to feed the social machine, then the cycle repeating itself).
But style before substance is the order of the day now. Putting cosmetic layers over the bare shell of the economy has become accepted, like women applying make-up every day to cover their natural faces. Pity the natural economy isn’t so comely when revealed plain and simple with all its imperfections and distortions.
it would be nice to have a chart showing how the Christmas Sales went this year in NZ. Not eftpost transaction, but actually Christmas Shopping say from Mid November till 24/12.
Or just a chart with Eftpos Transaction over that period of time, say over a period of 10 – 15 years. Not sure where to find something like that.
i heard from a lot of people that the annual shopping frenzy needed by many retailers to cover the first three month of the new year was not that lucrative.
That survey is pretty broad and doesn’t really separate the really discretionary spend sectors that get hammered when people aren’t feeling flash. Does show when businesses have had a good run in past quarters with vehicle spending.
Xmas eftpos figures aren’t terribly reliable as spending patterns are influenced by which day 25/12 falls on, so reporting can change to keep the news good.
Comparing retail and eftpos stats to what we see across the counter in the gallery, if they are roughly in line with CPI there’s not much money around and it’s hard work for us from the domestic market. 2-3 points above CPI and we’re humming. Right now it’s all international and quite good because of the lower dollar, but only for USD.
What I found interesting was that the same exact line was parroted in two different countries. It showed the complete vapidity of John Key’s comment. It wasn’t even driven by some misguided vision of where New Zealand is headed. There was no unique vision whatsoever. It was completely contrived, with nothing to do with reality. Just a piece of advertising fluff thought up by a PR company. We could be on the verge of something special or on the verge of hell – it made no difference provided it was a line that would sell the government at the election. New Zealand and New Zealanders have basically been commodified into a product to be sold back to us. In a way this is the ultimate end result of Rogernomics/Monetarism. A financial value has been applied to absolutely everything from the clothes we wear to the values we hold as a country.
“The New Zealand election came first so I guess this particular PR spin was tried out here first” and “same exact line was parroted in two different countries. It showed the complete vapidity of John Key’s comment”
I’ll suggest an alternative viewpoint. Given the timing of the statements, and I’ll assume that you are quoting them accurately, we could say something like this.
“Here we have further evidence of the enormous influence that John Key has in the world. Just as Obama and Turnbull showed, Key is respected and admired by most other world statesmen. That everything he says is listened to carefully by other world leaders as is illustrated by Cameron showing the ultimate flattery of imitating him”.
There, I’m sure that with your great respect for our Prime Minister you’ll agree that that is a much more likely scenario?
““Here we have further evidence of the enormous influence that John Key has in the world. Just as Obama and Turnbull showed, Key is respected and admired by most other world statesmen. That everything he says is listened to carefully by other world leaders”
Especially the pony tail pulling bit, Turnbull say’s nice things about any one, and so does Obama, it’s called diplomacy
What a load of BS, the MSM would love to have you believe that, and obviously you do.
I was sure you would. I wrote it just for you.
I thought it was in the same vein of fantasy as was esoteric pineapples actually.
It is amazing what one can come up with when, like ES and I, you decide that for something like this any connection between reality and the comment made can be discarded. You are, of course, living in that world all the time aren’t you?
Brendan starts to make the case for it being the latter not the former, whereas other business leaders make the case for the contrary.
If anyone wants to understand why it continues to be so hard to push New Zealand’s rural rump up the value escalator when Denmark and Finland have made it look so easy, have a read. It’s a good piece.
Alan Duff, who owns chateaux in France and denies poverty exists yet claiming to help those in low decile schools by giving them a few books. Apparently we have a ‘poverty of spirit’ yet he describes kids in Mangere wanting to be orthodontist.
Millsy
Don’t get dirty on Alan Duff. He has done something with his books for kids. Far more than many other people. Even though he is a controversial figure, save your intense scorn for others.
“The Middle East is the most vulnerable to a geopolitical leadership vacuum and is heading toward conflagration. There are six failed states across the broader region (Afghanistan, Iraq, Libya, Mali, Syria, and Yemen) and more refugees than ever recorded. ISIS has become the most powerful terrorist organization in history. Oil economies are under strain. All of this will get worse in 2016.
Europe will feel much of the pain—in economic costs, security vulnerability, and political blowback. The United States, at the twilight of Barack Obama’s administration, will mostly stick to its knitting, since the western hemisphere remains insulated from the lion’s share of geopolitical instability. In Asia, despite having many of the world’s strongest national leaders, helping manage these problems is not a priority.
This all means a dramatically more fragmented world in 2016 with more intra-, inter-, and extra-state conflict than at any point since World War II. And yet drawing the major powers into military battle against one another—World War III—is virtually unthinkable (recent comments from Pope Francis notwithstanding). The world’s four largest economies—the United States, China, Japan, and Germany—are all deeply reluctant to accept responsibility for crisis management. Only the Germans are affected directly by this turmoil, and they still have plenty of reasons to duck the fight.
And so, in 2016, conflict intensifies. Last year, investors recognized growing uncertainty but remained more focused on the economic improvements: a US economy in recovery and Europe coming out of recession. That’s unlikely to last, as geopolitical risk shakes the global order.”
The broader report also dishes on:
– The hollow and weakening trans-Atlantic partnership
– Conflict between Open Europe and Closed Europe
– China being the only remaining country with a global strategy, and its increasing global footprint
– Rise of ISIS within many more Islamic-dominated countries
– Destabilising discord inside Saudi Arabia
– Technology leaders rising as political agents
– Political and economic crisis worsening in Brazil
And dismisses a few things as red herrings:
“US voters aren’t going to elect a president who will close the country to Muslims. China’s economy isn’t headed for a hard landing, and its politics will remain stable. Continued strong leadership from Japan’s Shinzo Abe, India’s Narendra Modi, and especially China’s Xi Jinping will keep Asia’s three most important players focused on economic reform and longer-term strategy, reducing the risk of conflict in Asia’s geopolitics.”
It’s a fun stab at a bunch of things.
[lprent: This wound up in spam. Did a mod have their finger slip? Cos I checked it and it looks like Ad to me. Comment doesn’t appear to have issues for the site and I see that YourNZ linked to it. Extracted back out of spam.
Mods/Ad: If it was intended, then send it to trash, I don’t evaluate those. ]
[Hi it was me sorry. Wanted to convert it into a post. I was going to replace the text with this. Then when I went back it was no longer in spam … MS]
and then there is Dick Smith Electronics, or maybe it was. But surely all the soon to be unemployed will find a job pronto in our Rock Star Economy. And surely now that we are in 2016 and the run for 2017 has effectively started we can start talking tax cuts to stimulate the economy 🙂
Woolies probably bit anchorage capitals hand off unloading it in 2011 to them and they have behaved like the bankstas they are since with financial tricks and sale after sale in a sector under huge pressure with lotsa real estate, etailing etc.
The geeks who knew stuff cant be found much anymore and everything they sell can be picked up from places with same or better advice with sharper prices like a PB tech, harvey norman, jb etc
My biggest complaint about DSE over the last few years is that it’s no longer a electronics store for hobbyists but is now a whiteware store. Used to be able to go in there and get the knowledge and parts to make the electronics that you wanted to.
Seems really hard to find good hobbyist stores any more – even online – and I think we’ll find that it’s having a detrimental effect upon innovation.
yeah – jaycar has some interesting stuff, probably filling the vacuum left by DSE’s reorientation. Lots of kits, components, that sort of thing. Dedicated computer stores like pb or cellotech handle the other side.
DSE is just another place where you go for a computer and they sell you a standard box with the sales staff on a quota to upsell you the extended warranty. I went in on boxing day and they had espresso machines, ffs.
That is what got DSE in the end, really. They moved away from selling gadgets and hobby electronics to just selling what you could get from Harvey Norman or The Warehouse. They didnt even have HDMI – VGA adapters in there when I was looking for them.
They bought it for about 100 mil, pumped a bit of money in and made it look pretty, conned 500 mil for the float ($2.20 / share) two years ago, it’s 0.34 / share now and Anchorage are long gone, sold the last of their stock 6 months ago. And the thing is carrying huge debt.
The electronics side got sold to Jaycar Electronics who lots of nerds go to now.
Dick Smith just became another retailer with hardly any technical knowledge with buyers who didn’t buy things like limited editions of games even on pre-order cause they are asshats who didn’t realise that those of us who bought both the electronics and limited editions spent a lot of money in their shops on other stuff.
They also populated their store locally with PS4 fanboys who just pissed off us regular Xbox players. You don’t sell stuff to us by telling us that what we (consciously) prefer is crap, particularly when we know a darn sight more about the merits and issues with the different systems than you do.
Even with PC’s I had one dick tell me I couldn’t put the RAM I wanted in myself and needed to pay someone who knew what they were doing to do it. When I said I know how easy it was and explained it he was totally gobsmacked. He’d never actually ever looked inside a PC.
The older (experience not age) staff knew us and tried to hold on to our business but their hands were tied.
That is like walking into Mitre 10 and discovering the staff dont know how to install gib board, or going to Repco, and finding the people who work there dont know how to connect/remove a car battery.
Graeme, I agree with you, I don’t think they lost it, it was simply ripped off them, the share holders, that is.
I saw the in depth report this evening, disturbing really, and blatant.
After closing 100 stores, Woolworths decided to exit the struggling business in 2012, selling it to private equity firm Anchorage Capital Partners. At the time, Vulture South noted the AU$20 million “initial cash proceeds” from the sale was probably less than the value of in-store inventory.
Anchorage then re-floated the business in 2013 for $520 million. Funds manager Forage Funds Management last October called the Anchorage deal “the greatest private equity heist of all time“
“Whilst confident on the long-term viability of the company, the directors have been unsuccessful in obtaining the necessary support of its banking syndicate to see it through this period.”
ACCORDING to the United States government, nearly 7 out of 10 American adults weigh too much. (In 2010, the Centers for Disease Control and Prevention categorized 74 percent of men and 65 percent of women as either overweight or obese.)
But a new meta-analysis of the relationship between weight and mortality risk, involving nearly three million subjects from more than a dozen countries, illustrates just how exaggerated and unscientific that claim is.
The meta-analysis, published this week in The Journal of the American Medical Association, reviewed data from nearly a hundred large epidemiological studies to determine the correlation between body mass and mortality risk. The results ought to stun anyone who assumes the definition of “normal” or “healthy” weight used by our public health authorities is actually supported by the medical literature.
The study, by Katherine M. Flegal and her associates at the C.D.C. and the National Institutes of Health, found that all adults categorized as overweight and most of those categorized as obese have a lower mortality risk than so-called normal-weight individuals. If the government were to redefine normal weight as one that doesn’t increase the risk of death, then about 130 million of the 165 million American adults currently categorized as overweight and obese would be re-categorized as normal weight instead.
Family members who were nurses used to oft say to carry a bit of extra weight after 40 in case you had to have an operation.
Twas those that didn’t that most commonly died post-op as their bodies had insufficient surplus fat to use to recover.
Dunno if there any truth to that or whether it’s just an old wives tale but it’s an interesting notion.
I’ve always understood that the BMI index was established by insurance companies to determine risk from their perspective rather than a medical discovery – bit like legally blind doesn’t actually mean blind but sets out a point at which insurance companies would pay out or employers would be liable for costs.
Anyway it’s always been problematic in that the measure varies from country to country and changes in settings can change the number of people that are in any category.
“In 1998, the U.S. National Institutes of Health and the Centers for Disease Control and Prevention brought U.S. definitions in line with World Health Organization guidelines, lowering the normal/overweight cut-off from BMI 27.8 to BMI 25. This had the effect of redefining approximately 29 million Americans, previously healthy to overweight.[21]
This can partially explain the increase in the overweight diagnosis in the past 20 years, and the increase in sales of the weight loss products during the same time. WHO also recommends lowering the normal/overweight threshold for South East Asian body types to around BMI 23, and expects further revisions to emerge from clinical studies of different body types.”
Seems to me that the key take-home message is to not rely on self-reported data when establishing guidelines.
As to the rest of it, it’s not granular enough to draw any conclusions: all causes mortality could be confounded by injuries, degree of medical care (are moderately fact people kept alive by pills?), or even if the issue is with the lower end of the “normal” category (i.e. increased mortality in underweight people throws off the base measurement).
Interesting, though. It’ll keep people in work for the next 20 years trying to narrow down where the ines should be roughly drawn. I’ll get the [unbuttered] popcorn.
This is a pretty good explanation about how deforestation, clearing land and techniques like dredging waterways increase flooding, and how traditional techniques of slowing water flow hold it in the land and decrease flooding. The article actually discusses climate change in the context of a local weather event too.
Droughts and floods have significant manmade causes in addition to climate change.
They got together with top academics from Oxford, Newcastle and Durham Universities to examine all options. Much the best plan turned out indeed to be to try to recreate past conditions by slowing the flow of water from the hills. Impressed by the intellectual endorsement, official bodies like the local councils, the Environment Agency, the Forestry Commission and even the Department of the Environment, Food and Rural Affairs, joined in.
They built 167 leaky dams of logs and branches – which let normal flows through but restrict and slow down high ones – in the becks above the town; added 187 lesser obstructions, made of bales of heather and fulfilling the same purpose, in smaller drains and gullies; and planted 29 hectares of woodland. And, after much bureaucratic tangling, they built a bund, to store up to 120,000 cubic metres of floodwater, releasing it slowly through a culvert.
After 24 hours of rain, just three months after it was inaugurated, Mr Potter climbed up to the scheme and found it working well. Then he went home, “switched on the TV, and saw the all the floodwaters elsewhere”. He adds: “While there was devastation all over northern England, our newly completed defences worked a treat and our community got on with life as normal.” The total cost, he says, was around £2m, a 10th that of the original wall which, he believes, would not have coped with the Boxing Day conditions anyway.
The Greatest Strategic Impact of 3-D Printing: Local Production Replaces Globalization
Yet the greatest strategic impact of additive manufacturing may not occur on the battlefield, but rather in the mundane manufacturing of clothing, shoes, appliances, phones, medical devices, and much more. In short, localized distributed manufacturing will become the norm. Not only will products be cheaper, but they will also be extremely customizable, rendering traditional manufacturing able to compete in only a few areas. And since 3-D printing technology is so cheap, it will also be incredibly widespread — Cambodia, for instance, already has a 3-D print shop.
They’ll change space exploration as well IMO , imagine a rocket landing and unfolding a series of 3d printers to build habitats for the following ship of humans.!!
These types remind me of the anti-abortionist lobby of the 1970s and 80s – full of venom and hatred for anyone who didn’t support their view point. They are like a NZ version of the American fundamentalist movements.
Yeah well the religious know about the thin end of the wedge stuff. Works well for them.
We’ll set up our own schools in opposition to state funded secular education and pay for those schools ourselves for our religious children – give or take 10%
We’ll take state funding cause there’s less religious people
We’ll take white flight children from state schools and get them to lie about their religious status in order to pretend we only have 10% non-religious people at our school
We’ll infiltrate state schools through boards of trustees and start teaching religion at lunch times
We’ll start teaching religion during class times and make it difficult for pupils to not go
We’ll get our own special religious charter schools fully funded by the tax payer – with even better funding than the state schools
Totally agree. I found the combination of Family First NZ, Hospice New Zealand and the Salvation Army somewhat strange.
Okay the Hospice organisation believes in end of life, quality palliative care and that this should be well funded. It obeys the current law and doesn’t want a law change for euthenasia. Even if there was such a law change the Hospice association could still say that euthenasia was unacceptable to their charity and I for one would accept that.
Ditto the Salavtion army who provide some elder care services.
Both these organisations are fully entitled to their views and to incorporate them in their daily work.
Family First doesn’t appear to do anything hands on for elder care just issue a press release.
but why do any of these organisations feel that it is acceptable to attack an individual for attending a meeting where something they may not agree with is discussed?
..Thanks for reading Frankly Speaking ! Subscribe for free to receive new posts and support my work.The Regulatory Standards Bill, as I understand it, seeks to bind parliament to a specific range of law-making.For example, it seems to ensure primacy of individual rights over that of community, environment, te Tiriti ...
Happy New Year!I had a lovely break, thanks very much for asking: friends, family, sunshine, books, podcasts, refreshing swims, barbecues, bike rides. So good to step away from the firehose for a while, to have less Trump and Seymour in your day. Who needs the Luxons in their risible PJs ...
Patrick Reynolds is deputy chair of the Auckland City Centre Advisory Panel and a director of Greater Auckland In 2003, after much argument, including the election of a Mayor in 2001 who ran on stopping it, Britomart train station in downtown Auckland opened. A mere 1km twin track terminating branch ...
For the first time in a decade, a New Zealand Prime Minister is heading to the Middle East. The trip is more than just a courtesy call. New Zealand PMs frequently change planes in Dubai en route to destinations elsewhere. But Christopher Luxon’s visit to the United Arab Emirates (UAE) ...
A listing of 23 news and opinion articles we found interesting and shared on social media during the past week: Sun, January 5, 2025 thru Sat, January 11, 2025. This week's roundup is again published soleley by category. We are still interested in feedback to hone the categorization, so if ...
The decade between 1952 and the early 1960s was the peak period for the style of music we now call doo wop, after which it got dissolved into soul music, girl groups, and within pop music in general. Basically, doo wop was a form of small group harmonising with a ...
The future teaches you to be aloneThe present to be afraid and coldSo if I can shoot rabbits, then I can shoot fascists…And if you tolerate thisThen your children will be nextSongwriters: James Dean Bradfield / Sean Anthony Moore / Nicholas Allen Jones.Do you remember at school, studying the rise ...
When National won the New Zealand election in 2023, one of the first to congratulate Luxon was tech-billionaire and entrepreneur extraordinaire Elon Musk.And last year, after Luxon posted a video about a trip to Malaysia, Musk came forward again to heap praise on Christopher:So it was perhaps par for the ...
Hi,Today’s Webworm features a new short film from documentary maker Giorgio Angelini. It’s about Luigi Mangione — but it’s also, really, about everything in America right now.Bear with me.Shortly after I sent out my last missive from the fires on Wednesday, one broke out a little too close to home ...
So soon just after you've goneMy senses sharpenBut it always takes so damn longBefore I feel how much my eyes have darkenedFear hangs in a plane of gun smokeDrifting in our roomSo easy to disturb, with a thought, with a whisperWith a careless memorySongwriters: Andy Taylor / John Taylor / ...
Can we trust the Trump cabinet to act in the public interest?Nine of Trump’s closest advisers are billionaires. Their total net worth is in excess of $US375b (providing there is not a share-market crash). In contrast, the total net worth of Trump’s first Cabinet was about $6b. (Joe Biden’s Cabinet ...
Welcome back to our weekly roundup. We hope you had a good break (if you had one). Here’s a few of the stories that caught our attention over the last few weeks. This holiday period on Greater Auckland Since our last roundup we’ve: Taken a look back at ...
Sometimes I feel like I don't have a partnerSometimes I feel like my only friendIs the city I live in, The City of AngelsLonely as I am together we crySong: Anthony Kiedis, Chad Smith, Flea, John Frusciante.A home is engulfed in flames during the Eaton fire in the Altadena area. ...
Open access notablesLarge emissions of CO2 and CH4 due to active-layer warming in Arctic tundra, Torn et al., Nature Communications:Climate warming may accelerate decomposition of Arctic soil carbon, but few controlled experiments have manipulated the entire active layer. To determine surface-atmosphere fluxes of carbon dioxide and ...
It's election year for Wellington City Council and for the Regional Council. What have the progressive councillors achieved over the last couple of years. What were the blocks and failures? What's with the targeting of the mayor and city council by the Post and by central government? Why does the ...
Over the holidays, there was a rising tide of calls for people to submit on National's repulsive, white supremacist Principles of the Treaty of Waitangi Bill, along with a wave of advice and examples of what to say. And it looks like people rose to the occasion, with over 300,000 ...
The lie is my expenseThe scope of my desireThe Party blessed me with its futureAnd I protect it with fireI am the Nina The Pinta The Santa MariaThe noose and the rapistAnd the fields overseerThe agents of orangeThe priests of HiroshimaThe cost of my desire…Sleep now in the fireSongwriters: Brad ...
This is a re-post from the Climate BrinkGlobal surface temperatures have risen around 1.3C since the preindustrial (1850-1900) period as a result of human activity.1 However, this aggregate number masks a lot of underlying factors that contribute to global surface temperature changes over time.These include CO2, which is the primary ...
There are times when movement around us seems to slow down. And the faster things get, the slower it all appears.And so it is with the whirlwind of early year political activity.They are harbingers for what is to come:Video: Wayne Wright Jnr, funder of Sean Plunket, talk growing power and ...
Hi,Right now the power is out, so I’m just relying on the laptop battery and tethering to my phone’s 5G which is dropping in and out. We’ll see how we go.First up — I’m fine. I can’t see any flames out the window. I live in the greater Hollywood area ...
2024 was a tough year for working Kiwis. But together we’ve been able to fight back for a just and fair New Zealand and in 2025 we need to keep standing up for what’s right and having our voices heard. That starts with our Mood of the Workforce Survey. It’s your ...
Time is never time at allYou can never ever leaveWithout leaving a piece of youthAnd our lives are forever changedWe will never be the sameThe more you change, the less you feelSongwriter: William Patrick Corgan.Babinden - Baba’s DayToday, January 8th, 2025, is Babinden, “The Day of the baba” or “The ...
..I/We wish to make the following comments:I oppose the Treaty Principles Bill."5. Act binds the CrownThis Act binds the Crown."How does this Act "bind the Crown" when Te Tiriti o Waitangi, which the Act refers to, has been violated by the Crown on numerous occassions, resulting in massive loss of ...
Everything is good and brownI'm here againWith a sunshine smile upon my faceMy friends are close at handAnd all my inhibitions have disappeared without a traceI'm glad, oh, that I found oohSomebody who I can rely onSongwriter: Jay KayGood morning, all you lovely people. Today, I’ve got nothing except a ...
Welcome to 2025. After wrapping up 2024, here’s a look at some of the things we can expect to see this year along with a few predictions. Council and Elections Elections One of the biggest things this year will be local body elections in October. Will Mayor Wayne Brown ...
Canadians can take a while to get angry – but when they finally do, watch out. Canada has been falling out of love with Justin Trudeau for years, and his exit has to be the least surprising news event of the New Year. On recent polling, Trudeau’s Liberal party has ...
This is a re-post from Yale Climate Connections Much like 2023, many climate and energy records were broken in 2024. It was Earth’s hottest year on record by a wide margin, breaking the previous record that was set just last year by an even larger margin. Human-caused climate-warming pollution and ...
Submissions on National's racist, white supremacist Principles of the Treaty of Waitangi Bill are due tomorrow! So today, after a good long holiday from all that bullshit, I finally got my shit together to submit on it. As I noted here, people should write their own submissions in their own ...
Ooh, baby (ooh, baby)It's making me crazy (it's making me crazy)Every time I look around (look around)Every time I look around (every time I look around)Every time I look aroundIt's in my faceSongwriters: Alan Leo Jansson / Paul Lawrence L. Fuemana.Today, I’ll be talking about rich, middle-aged men who’ve made ...
A listing of 26 news and opinion articles we found interesting and shared on social media during the past week: Sun, December 29, 2024 thru Sat, January 4, 2025. This week's roundup is again published soleley by category. We are still interested in feedback to hone the categorization, so if ...
Hi,The thing that stood out at me while shopping for Christmas presents in New Zealand was how hard it was to avoid Zuru products. Toy manufacturer Zuru is a bit like Netflix, in that it has so much data on what people want they can flood the market with so ...
And when a child is born into this worldIt has no conceptOf the tone of skin it's living inAnd there's a million voicesAnd there's a million voicesTo tell you what you should be thinkingSong by Neneh Cherry and Youssou N'Dour.The moment you see that face, you can hear her voice; ...
While we may not always have quality political leadership, a couple of recently published autobiographies indicate sometimes we strike it lucky. When ranking our prime ministers, retired professor of history Erik Olssen commented that ‘neither Holland nor Nash was especially effective as prime minister – even his private secretary thought ...
Baby, be the class clownI'll be the beauty queen in tearsIt's a new art form, showin' people how little we care (yeah)We're so happy, even when we're smilin' out of fearLet's go down to the tennis court and talk it up like, yeah (yeah)Songwriters: Joel Little / Ella Yelich O ...
Open access notables Why Misinformation Must Not Be Ignored, Ecker et al., American Psychologist:Recent academic debate has seen the emergence of the claim that misinformation is not a significant societal problem. We argue that the arguments used to support this minimizing position are flawed, particularly if interpreted (e.g., by policymakers or the public) as suggesting ...
What I’ve Been Doing: I buried a close family member.What I’ve Been Watching: Andor, Jack Reacher, Xmas movies.What I’ve Been Reflecting On: The Usefulness of Writing and the Worthiness of Doing So — especially as things become more transparent on their own.I also hate competing on any day, and if ...
This is a re-post from Yale Climate Connections by John Wihbey. A version of this article first appeared on Yale Climate Connections on Nov. 11, 2008. (Image credits: The White House, Jonathan Cutrer / CC BY 2.0; President Jimmy Carter, Trikosko/Library of Congress; Solar dedication, Bill Fitz-Patrick / Jimmy Carter Library; Solar ...
Morena folks,We’re having a good break, recharging the batteries. Hope you’re enjoying the holiday period. I’m not feeling terribly inspired by much at the moment, I’m afraid—not from a writing point of view, anyway.So, today, we’re travelling back in time. You’ll have to imagine the wavy lines and sci-fi sound ...
Completed reads for 2024: Oration on the Dignity of Man, by Giovanni Pico della Mirandola A Platonic Discourse Upon Love, by Giovanni Pico della Mirandola Of Being and Unity, by Giovanni Pico della Mirandola The Life of Pico della Mirandola, by Giovanni Francesco Pico Three Letters Written by Pico ...
Welcome to 2025, Aotearoa. Well… what can one really say? 2024 was a story of a bad beginning, an infernal middle and an indescribably farcical end. But to chart a course for a real future, it does pay to know where we’ve been… so we know where we need ...
Welcome to the official half-way point of the 2020s. Anyway, as per my New Years tradition, here’s where A Phuulish Fellow’s blog traffic came from in 2024: United States United Kingdom New Zealand Canada Sweden Australia Germany Spain Brazil Finland The top four are the same as 2023, ...
Completed reads for December: Be A Wolf!, by Brian Strickland The Magic Flute [libretto], by Wolfgang Amadeus Mozart and Emanuel Schikaneder The Invisible Eye, by Erckmann-Chatrian The Owl’s Ear, by Erckmann-Chatrian The Waters of Death, by Erckmann-Chatrian The Spider, by Hanns Heinz Ewers Who Knows?, by Guy de Maupassant ...
Well, it’s the last day of the year, so it’s time for a quick wrap-up of the most important things that happened in 2024 for urbanism and transport in our city. A huge thank you to everyone who has visited the blog and supported us in our mission to make ...
Leave your office, run past your funeralLeave your home, car, leave your pulpitJoin us in the streets where weJoin us in the streets where weDon't belong, don't belongHere under the starsThrowing light…Song: Jeffery BuckleyToday, I’ll discuss the standout politicians of the last 12 months. Each party will receive three awards, ...
Hi,A lot’s happened this year in the world of Webworm, and as 2024 comes to an end I thought I’d look back at a few of the things that popped. Maybe you missed them, or you might want to revisit some of these essay and podcast episodes over your break ...
Hi,I wanted to share this piece by film editor Dan Kircher about what cinema has been up to in 2024.Dan edited my documentary Mister Organ, as well as this year’s excellent crowd-pleasing Bookworm.Dan adores movies. He gets the language of cinema, he knows what he loves, and writes accordingly. And ...
Without delving into personal details but in order to give readers a sense of the year that was, I thought I would offer the study in contrasts that are Xmas 2023 and Xmas 2024: Xmas 2023 in Starship Children’s Hospital (after third of four surgeries). Even opening presents was an ...
Heavy disclaimer: Alpha/beta/omega dynamics is a popular trope that’s used in a wide range of stories and my thoughts on it do not apply to all cases. I’m most familiar with it through the lens of male-focused fanfic, typically m/m but sometimes also featuring m/f and that’s the situation I’m ...
Hi,Webworm has been pretty heavy this year — mainly because the world is pretty heavy. But as we sprint (or limp, you choose) through the final days of 2024, I wanted to keep Webworm a little lighter.So today I wanted to look at one of the biggest and weirdest elements ...
A listing of 23 news and opinion articles we found interesting and shared on social media during the past week: Sun, December 22, 2024 thru Sat, December 28, 2024. This week's roundup is the second one published soleley by category. We are still interested in feedback to hone the categorization, ...
We’ll have a climate change ChristmasFrom now until foreverWarming our hearts and mindsAnd planet all togetherSpirits high and oceans higherChestnuts roast on wildfiresIf coal is on your wishlistMerry Climate Change ChristmasSong by Ian McConnellReindeer emissions are not something I’d thought about in terms of climate change. I guess some significant ...
KP continues to putt-putt along as a tiny niche blog that offers a NZ perspective on international affairs with a few observations about NZ domestic politics thrown in. In 2024 there was also some personal posts given that my son was in the last four months of a nine month ...
I can see very wellThere's a boat on the reef with a broken backAnd I can see it very wellThere's a joke and I know it very wellIt's one of those that I told you long agoTake my word I'm a madman, don't you knowSongwriters: Bernie Taupin / Elton JohnIt ...
.Acknowledgement: Tim PrebbleThanks for reading Frankly Speaking ! Subscribe for free to receive new posts and support my work..With each passing day of bad headlines, squandering tax revenue to enrich the rich, deep cuts to our social services and a government struggling to keep the lipstick on its neo-liberal pig ...
This is from the 36th Parallel social media account (as brief food for thought). We know that Trump is ahistorical at best but he seems to think that he is Teddy Roosevelt and can use the threat of invoking the Monroe Doctrine and “Big Stick” gunboat diplomacy against Panama and ...
Don't you cry tonightI still love you, babyAnd don't you cry tonightDon't you cry tonightThere's a heaven above you, babyAnd don't you cry tonightSong: Axl Rose and Izzy Stradlin“Time is an illusion. Lunchtime doubly so”, said possibly the greatest philosopher ever to walk this earth, Douglas Adams.We have entered the ...
Because you're magicYou're magic people to meSong: Dave Para/Molly Para.Morena all, I hope you had a good day yesterday, however you spent it. Today, a few words about our celebration and a look at the various messages from our politicians.A Rockel XmasChristmas morning was spent with the five of us ...
This video includes personal musings and conclusions of the creator climate scientist Dr. Adam Levy. It is presented to our readers as an informed perspective. Please see video description for references (if any). 2024 has been a series of bad news for climate change. From scorching global temperatures leading to devastating ...
The Green Party welcomes the extension of the deadline for Treaty Principles Bill submissions but continues to call on the Government to abandon the Bill. ...
Complaints about disruptive behaviour now handled in around 13 days (down from around 60 days a year ago) 553 Section 55A notices issued by Kāinga Ora since July 2024, up from 41 issued during the same period in the previous year. Of that 553, first notices made up around 83 ...
The time it takes to process building determinations has improved significantly over the last year which means fewer delays in homes being built, Building and Construction Minister Chris Penk says. “New Zealand has a persistent shortage of houses. Making it easier and quicker for new homes to be built will ...
Minister of Internal Affairs Brooke van Velden is pleased to announce the annual list of New Zealand’s most popular baby names for 2024. “For the second consecutive year, Noah has claimed the top spot for boys with 250 babies sharing the name, while Isla has returned to the most popular ...
Work is set to get underway on a new bus station at Westgate this week. A contract has been awarded to HEB Construction to start a package of enabling works to get the site ready in advance of main construction beginning in mid-2025, Transport Minister Simeon Brown says.“A new Westgate ...
Minister for Children and for Prevention of Family and Sexual Violence Karen Chhour is encouraging people to use the resources available to them to get help, and to report instances of family and sexual violence amongst their friends, families, and loved ones who are in need. “The death of a ...
Uia te pō, rangahaua te pō, whakamāramatia mai he aha tō tango, he aha tō kāwhaki? Whitirere ki te ao, tirotiro kau au, kei hea taku rātā whakamarumaru i te au o te pakanga mo te mana motuhake? Au te pō, ngū te pō, ue hā! E te kahurangi māreikura, ...
Health Minister Dr Shane Reti says people with diabetes and other painful conditions will benefit from a significant new qualification to boost training in foot care. “It sounds simple, but quality and regular foot and nail care is vital in preventing potentially serious complications from diabetes, like blisters or sores, which can take a long time to heal ...
Associate Health Minister with responsibility for Pharmac David Seymour is pleased to see Pharmac continue to increase availability of medicines for Kiwis with the government’s largest ever investment in Pharmac. “Pharmac operates independently, but it must work within the budget constraints set by the government,” says Mr Seymour. “When this government assumed ...
Mā mua ka kite a muri, mā muri ka ora e mua - Those who lead give sight to those who follow, those who follow give life to those who lead. Māori recipients in the New Year 2025 Honours list show comprehensive dedication to improving communities across the motu that ...
Minister of Internal Affairs Brooke van Velden is wishing all New Zealanders a great holiday season as Kiwis prepare for gatherings with friends and families to see in the New Year. It is a great time of year to remind everyone to stay fire safe over the summer. “I know ...
From 1 January 2025, first-time tertiary learners will have access to a new Fees Free entitlement of up to $12,000 for their final year of provider-based study or final two years of work-based learning, Tertiary Education and Skills Minister Penny Simmonds says. “Targeting funding to the final year of study ...
“As we head into one of the busiest times of the year for Police, and family violence and sexual violence response services, it’s a good time to remind everyone what to do if they experience violence or are worried about others,” Minister for the Prevention of Family and Sexual Violence ...
Further interest rate cuts are coming, but why does everything still feel so bleak? Stewart Sowman-Lund explains for The Bulletin. To receive The Bulletin in full each weekday, sign up here. ...
The year ahead: On a small boat in an oyster farm devastated by storms, ANZ’s boss learns about the importance of adapting to change The post Making the world your oyster appeared first on Newsroom. ...
Two key events in February will set the direction of New Zealand’s clean, green reputation for the rest of the year – and perhaps even many years to come.First, the Government must announce its next emissions reduction target under the Paris Agreement by February 10. Then, later in the month, ...
In our latest in-depth podcast investigation, Fractured, Melanie Reid and her team delve deep into a complex case involving a controversial medical diagnosis and its fallout on a young family. While Fractured is a forensic examination of this case here in New Zealand, the diagnosis that started it all is ...
To complete our series looking back at 2024 and gazing forward to 2025, we asked our big political commentary brains to nominate the three issues that will loom large in the year to come. Madeleine Chapman (editor, The Spinoff)The Treaty principles bill just won’t rest, and will start the ...
Summer reissue: There are fewer pokie machines in Aotearoa than ever, but they still rake in more than $1bn a year. So are strict council policies working – and do the community funding arguments stack up? The Spinoff needs to double the number of paying members we have to continue ...
Opinion: The Economist magazine asks whether Mark Zuckerberg’s ‘Trump gamble’ of discontinuing fact-checking posts on Meta will pay off. We in Aotearoa should understand that good news for Meta’s bottom line could be a disaster for us.We live at a time when everything seems to be happening all at once. There is an incoming ...
Comment: With the right leadership, local government can be a genuine part of democratic community life. With a little effort, anyone can contribute to that. The post Don’t shrug your shoulders over local government appeared first on Newsroom. ...
Loading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('A[data-quiz],DIV[data-quiz]'); if(ql){if(ql.length){for(var k=0;k<ql.length;k++){ql[k].id='quiz-embed-'+k;ql[k].href="javascript:var i=document.getElementById('quiz-embed-"+k+"');try{qz.startQuiz(i)}catch(e){i.start=1;i.style.cursor='wait';i.style.opacity='0.5'};void(0);"}}};i['QP']=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,'script','https://take.quiz-maker.com/3012/CDN/quiz-embed-v1.js','qp');Got a good quiz question?Send Newsroom your questions.The post Newsroom daily quiz, Tuesday 14 January appeared first on Newsroom. ...
Source: The Conversation (Au and NZ) – By Steve Turton, Adjunct Professor of Environmental Geography, CQUniversity Australia The world has watched in horror as fires continue to raze parts of Los Angeles, California. For those of us living in Australia, one of the world’s most fire-prone continents, the LA experience ...
Every story about the Ministry of Regulation seems to be about staffing cost blow-outs. The red tape slashing Ministry needs teeth, sure, but all we seem to hear about are teething problems, says axpayers’ Union Policy and Public Affairs Manager James ...
Source: The Conversation (Au and NZ) – By Carmen Lim, NHMRC Emerging Leadership Fellow, National Centre for Youth Substance Use Research, The University of Queensland Visualistka/Shutterstock A multi-million dollar business has developed in Australia to meet the demand for medicinal cannabis. Australians spent more than A$400 million on it ...
Summer reissue: The tide is turning on Insta-therapy. Good riddance, but actual therapy is still good and worth doing. The Spinoff needs to double the number of paying members we have to continue telling these kinds of stories. Please read our open letter and sign up to be a member ...
Source: The Conversation (Au and NZ) – By Darius von Guttner Sporzynski, Historian, Australian Catholic University Stained glass with a depiction of the martyred nuns, Saint Honoré d’Eylau Church, Paris.Wikimedia Commons, CC BY-SA The Martyrs of Compiègne, a group of 16 Discalced Carmelite nuns executed during the Reign of ...
Tara Ward wades bravely into one of the thorniest January questions: how late is too late to greet someone with a cheery ‘Happy New Year’? Every January, New Zealand faces a big problem. I’m not referring to penguins strolling into petrol stations or cranky seagulls eating your chips, but something ...
The proposed Bill cuts across existing and soon-to-be-implemented frameworks, including Part 4 of the Legislation Act 2019, which is slated to come into force next year, and will make sensible improvements to regulation-making. ...
Summer reissue: For all the spectacle of WoW, Alex Casey couldn’t tear her eyes off Christopher Luxon in the front row. The Spinoff needs to double the number of paying members we have to continue telling these kinds of stories. Please read our open letter and sign up to be ...
Source: The Conversation (Au and NZ) – By Pavlina Jasovska, Senior Lecturer in International Business & Strategy, University of Technology Sydney Multiculturalism is central to Australia’s identity, with more than half the population coming from overseas or having parents who did. Most Australians view multiculturalism positively. However, many experience ...
Treaty issues will dominate the first six months, but that’s not all, writes Stewart Sowman-Lund in the first Bulletin of 2025. To receive The Bulletin in full each weekday, sign up here. ...
Summer reissue: The Kim Dotcom challenge to John Key culminated in an extravaganza joining dots from the US, the UK, Russia – even North Korea. And it got very messy. Toby Manhire casts his eye back a decade.The Spinoff needs to double the number of paying members we have ...
In our latest in-depth podcast investigation, Fractured, Melanie Reid and her team delve deep into a complex case involving a controversial medical diagnosis and its fallout on a young family. While Fractured is a forensic examination of this case here in New Zealand, the diagnosis that started it all is ...
Close to 2000 New Zealanders died carrying student loans in 2024, with the Inland Revenue Department having to wipe $28.8 million in unpaid debt.Both the number and value of loans being written off due to the holder dying has tripled over the past decade, government figures show. In 2014, $9 ...
Opinion: In late December we learned that, after a four-year battle with the Charities Services, Te Whānau O Waipareira Trust looks set to be deregistered as a charity. Most of what we know about the activities of Waipareira Trust, and the resulting Charities Services’ investigations, is due to tenacious reporting ...
Summer reissue: As homelessness hits an all-time high, New Zealand’s frontline organisations are embracing unconventional and innovative strategies. Joel MacManus takes a closer look at the crisis and meets the people who claim to have the cure.The Spinoff needs to double the number of paying members we have to ...
Loading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('A[data-quiz],DIV[data-quiz]'); if(ql){if(ql.length){for(var k=0;k<ql.length;k++){ql[k].id='quiz-embed-'+k;ql[k].href="javascript:var i=document.getElementById('quiz-embed-"+k+"');try{qz.startQuiz(i)}catch(e){i.start=1;i.style.cursor='wait';i.style.opacity='0.5'};void(0);"}}};i['QP']=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,'script','https://take.quiz-maker.com/3012/CDN/quiz-embed-v1.js','qp');Got a good quiz question?Send Newsroom your questions.The post Newsroom daily quiz, Monday 13 January appeared first on Newsroom. ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Opposition Leader Peter Dutton’s Sunday “soft launch” of his campaign for election year was carefully calibrated to pitch to the party faithful while seeking to project enough nuance to avoid alienating centrist voters. It ...
Paula Southgate says she is not standing for re-election as she wants to make way for emerging leaders and spend more time with her friends and family. ...
The bipartisan support in parliament for the Foreign Interference Bill is a warning that there is no constituency in the New Zealand ruling class for the maintenance of basic democratic rights. There has been no critical reporting on the bill in the ...
Democracy Now!AMY GOODMAN: This is Democracy Now! As we continue our discussion of President Jimmy Carter’s legacy, we look at his policies in the Middle East and North Africa, in particular, Israel and Palestine.On Thursday during the state funeral in Washington, President Carter’s former adviser Stuart Eizenstat praised ...
By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk France’s naval flagship, the 261m aircraft carrier Charles de Gaulle, is to be deployed to the Pacific later this year, as part of an exercise codenamed “Clémenceau 25”. French Naval Command Etat-Major’s Commodore Jacques Mallard told a French media briefing that ...
Global stocks sink after China index dives seven percent, causing US drop
http://www.stuff.co.nz/business/75615516/global-stocks-sink-after-china-index-dives-seven-percent-causing-us-drop
‘The Dow Jones Industrial Average sank more than 375 points as a selloff in Chinese equities spread around the world, fanned by concerns that economic growth is decelerating from Asia to North America.
The U.S. blue-chip index tumbled toward its worst start to a year since 1932, while banks and technology shares led the Standard & Poor’s 500 Index lower.
A measure of global equities headed for its worst inaugural session in at least three decades. Emerging markets slid the most since August as slowing manufacturing triggered a selloff that halted Shanghai trading. Bonds jumped and the yen rallied on demand for haven assets.
“We’ve had a number of negatives out there in the U.S. throughout most of last year as investors battled to have a flat year and China is a reminder that there aren’t many things to be bullish about going into this year,” Michael O’Rourke, chief market strategist at Jones Trading Institutional Services LLC in Greenwich, Connecticut, said by phone.
Investors returning to the market after the New Year holiday faced a worldwide selloff sparked by weak factory data in China, while a reading that showed the fastest contraction in U.S. manufacturing in six years added to anxiety that slowing growth in the world’s second-largest economy is spreading.
A flareup in tension between Saudi Arabia and Iran increased geopolitical unease.’
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11569321
MORE BAD NEWS ABOUT WATER QUALITY IN CANTERBURY
This from the Timaru Herald today.
“Potentially toxic algae continues to bring risks to the region’s river users in the warm, dry conditions. Warnings remain in place on the Opihi River at State Highway 1 and Waipopo Huts, the Waihao River below Bradshaws Bridge, the Waihi River at Winchester and Geraldine, the Temuka River at SH1, the Hakataramea River at the SH82 bridge, and the Pareora River at SH1 and Evans Crossing.
Regional authority Environment Canterbury warns “significant quantities” of cyanobacteria algae at the sites could make people and pets who touch the water or algae sick.
As well as the algae, recorded E coli levels nearing “trigger levels” at several sites mean the Opihi River at Saleyards Bridge near Pleasant Point and the Otaio River at Otaio Gorge are the only monitored South Canterbury river sites ECan rates as “good” for swimming. ”
Yesterday only the mid & North Canterbury rivers were named but this report shows that Ecan the National Govt. appointed group are failing the whole of their area.
The Opihi was my childhood river where I learnt to swim, caught cockies, made rafts , drank it. WoooH this is not the New Zealand I grew up in.
Minister Smith and other Nat Ministers responsible are a disgrace, their leader should take their portfolios off them. I wish….
Canterbury from Blenheim to the Waitaki now resemble a large-scale industrial park. The only border is at the National Parks themselves, and the sea.
And this government reckons ‘wadeable’ is good enough water quality for us plebs, so that corporate dairy farmers can do as they please.
It was interesting to note the other day that both David Cameron and John Key used the same “New Zealand/Britain on the cusp/verge of something special” in their respective election campaigns. The New Zealand election came first so I guess this particular PR spin was tried out here first and then repeated in Britain.
http://news.sky.com/story/1480233/cameron-promises-britain-something-special
https://www.facebook.com/NZNATS/posts/951029848245944
Yeah – on the cusp of a depression!
UK wages set for worst wage growth since 1920’s
and feeling the pinch UK shoppers stay at home
The western economies are now more about consumption than the actual provision of needs – hence the worry in the financial sector as posted by Paul above. The markets are anxious because consumption is falling. Oh dear! What a catastrophe.
Yeah, can’t builds an economy on speculation and, as, that’s all that Western economies are based upon the speculators are stating to panic.
While consumption is happening it gives the impression that there is a real economy (with old-fashioned Form 3 economic systems operating – workers making and doing things, earning, factories and business activity selling things and so on, workers and others buyiing those things, with govt transfers and taxes streaming out from the side to feed the social machine, then the cycle repeating itself).
But style before substance is the order of the day now. Putting cosmetic layers over the bare shell of the economy has become accepted, like women applying make-up every day to cover their natural faces. Pity the natural economy isn’t so comely when revealed plain and simple with all its imperfections and distortions.
it would be nice to have a chart showing how the Christmas Sales went this year in NZ. Not eftpost transaction, but actually Christmas Shopping say from Mid November till 24/12.
Or just a chart with Eftpos Transaction over that period of time, say over a period of 10 – 15 years. Not sure where to find something like that.
i heard from a lot of people that the annual shopping frenzy needed by many retailers to cover the first three month of the new year was not that lucrative.
There’s this from Statistics
http://www.stats.govt.nz/browse_for_stats/industry_sectors/RetailTrade/RetailTradeSurvey_HOTPSep15qtr/Commentary.aspx
That survey is pretty broad and doesn’t really separate the really discretionary spend sectors that get hammered when people aren’t feeling flash. Does show when businesses have had a good run in past quarters with vehicle spending.
Xmas eftpos figures aren’t terribly reliable as spending patterns are influenced by which day 25/12 falls on, so reporting can change to keep the news good.
Comparing retail and eftpos stats to what we see across the counter in the gallery, if they are roughly in line with CPI there’s not much money around and it’s hard work for us from the domestic market. 2-3 points above CPI and we’re humming. Right now it’s all international and quite good because of the lower dollar, but only for USD.
What I found interesting was that the same exact line was parroted in two different countries. It showed the complete vapidity of John Key’s comment. It wasn’t even driven by some misguided vision of where New Zealand is headed. There was no unique vision whatsoever. It was completely contrived, with nothing to do with reality. Just a piece of advertising fluff thought up by a PR company. We could be on the verge of something special or on the verge of hell – it made no difference provided it was a line that would sell the government at the election. New Zealand and New Zealanders have basically been commodified into a product to be sold back to us. In a way this is the ultimate end result of Rogernomics/Monetarism. A financial value has been applied to absolutely everything from the clothes we wear to the values we hold as a country.
“The New Zealand election came first so I guess this particular PR spin was tried out here first” and “same exact line was parroted in two different countries. It showed the complete vapidity of John Key’s comment”
I’ll suggest an alternative viewpoint. Given the timing of the statements, and I’ll assume that you are quoting them accurately, we could say something like this.
“Here we have further evidence of the enormous influence that John Key has in the world. Just as Obama and Turnbull showed, Key is respected and admired by most other world statesmen. That everything he says is listened to carefully by other world leaders as is illustrated by Cameron showing the ultimate flattery of imitating him”.
There, I’m sure that with your great respect for our Prime Minister you’ll agree that that is a much more likely scenario?
Or could just be that both governments are being advised/told what to say by the Crosby’s.
““Here we have further evidence of the enormous influence that John Key has in the world. Just as Obama and Turnbull showed, Key is respected and admired by most other world statesmen. That everything he says is listened to carefully by other world leaders”
Especially the pony tail pulling bit, Turnbull say’s nice things about any one, and so does Obama, it’s called diplomacy
What a load of BS, the MSM would love to have you believe that, and obviously you do.
Love your mix of Monty Python and Ebsolutely Febulous there Alwyn !
I was sure you would. I wrote it just for you.
I thought it was in the same vein of fantasy as was esoteric pineapples actually.
It is amazing what one can come up with when, like ES and I, you decide that for something like this any connection between reality and the comment made can be discarded. You are, of course, living in that world all the time aren’t you?
Something for the FJK folk on here .. thought I would give you at least one post you will like for 2016….
https://scontent.fakl1-1.fna.fbcdn.net/hphotos-xap1/v/t1.0-9/1459053_1047777491911759_5296968342212053825_n.jpg?oh=1d3e2f04308fc57ba617f0f84b9ec77a&oe=5704F7D3
Excellent article by Branda Harre on TransportBlog today: “Is Christchurch a provincial market town or a diversified commercial city?”
http://transportblog.co.nz/2016/01/05/guest-post-is-christchurch-a-provincial-market-town-or-a-diversified-commercial-city/
Brendan starts to make the case for it being the latter not the former, whereas other business leaders make the case for the contrary.
If anyone wants to understand why it continues to be so hard to push New Zealand’s rural rump up the value escalator when Denmark and Finland have made it look so easy, have a read. It’s a good piece.
+1
good article ….so agriculture and tourism is ChCh lot , two of the lowest value activities and ChCh historic low wage economy is well explained.
Look what the cat dragged into the Herald
Alan Duff, who owns chateaux in France and denies poverty exists yet claiming to help those in low decile schools by giving them a few books. Apparently we have a ‘poverty of spirit’ yet he describes kids in Mangere wanting to be orthodontist.
He never owned that chateau he declared bankruptcy from in 2011.
It’s a bed and breakfast, listed in the Loire guides.
I could give you its website (Chateau de la Doree), but can’t link to it as it’s an insecure connection.
Millsy
Don’t get dirty on Alan Duff. He has done something with his books for kids. Far more than many other people. Even though he is a controversial figure, save your intense scorn for others.
For those who need one extra helping of anxiety-inducing risk discussion for 2016, here’s a summary of what the Eurasia Group have to say:
http://www.eurasiagroup.net/pages/top-risks-2016?utm_source=Sailthru&utm_medium=email&utm_campaign=Democracy%20Lab%20Weekly%20Brief%2C%20January%204%2C%202016&utm_term=%2ADemocracy%20Lab
“The Middle East is the most vulnerable to a geopolitical leadership vacuum and is heading toward conflagration. There are six failed states across the broader region (Afghanistan, Iraq, Libya, Mali, Syria, and Yemen) and more refugees than ever recorded. ISIS has become the most powerful terrorist organization in history. Oil economies are under strain. All of this will get worse in 2016.
Europe will feel much of the pain—in economic costs, security vulnerability, and political blowback. The United States, at the twilight of Barack Obama’s administration, will mostly stick to its knitting, since the western hemisphere remains insulated from the lion’s share of geopolitical instability. In Asia, despite having many of the world’s strongest national leaders, helping manage these problems is not a priority.
This all means a dramatically more fragmented world in 2016 with more intra-, inter-, and extra-state conflict than at any point since World War II. And yet drawing the major powers into military battle against one another—World War III—is virtually unthinkable (recent comments from Pope Francis notwithstanding). The world’s four largest economies—the United States, China, Japan, and Germany—are all deeply reluctant to accept responsibility for crisis management. Only the Germans are affected directly by this turmoil, and they still have plenty of reasons to duck the fight.
And so, in 2016, conflict intensifies. Last year, investors recognized growing uncertainty but remained more focused on the economic improvements: a US economy in recovery and Europe coming out of recession. That’s unlikely to last, as geopolitical risk shakes the global order.”
The broader report also dishes on:
– The hollow and weakening trans-Atlantic partnership
– Conflict between Open Europe and Closed Europe
– China being the only remaining country with a global strategy, and its increasing global footprint
– Rise of ISIS within many more Islamic-dominated countries
– Destabilising discord inside Saudi Arabia
– Technology leaders rising as political agents
– Political and economic crisis worsening in Brazil
And dismisses a few things as red herrings:
“US voters aren’t going to elect a president who will close the country to Muslims. China’s economy isn’t headed for a hard landing, and its politics will remain stable. Continued strong leadership from Japan’s Shinzo Abe, India’s Narendra Modi, and especially China’s Xi Jinping will keep Asia’s three most important players focused on economic reform and longer-term strategy, reducing the risk of conflict in Asia’s geopolitics.”
It’s a fun stab at a bunch of things.
[lprent: This wound up in spam. Did a mod have their finger slip? Cos I checked it and it looks like Ad to me. Comment doesn’t appear to have issues for the site and I see that YourNZ linked to it. Extracted back out of spam.
Mods/Ad: If it was intended, then send it to trash, I don’t evaluate those. ]
[Hi it was me sorry. Wanted to convert it into a post. I was going to replace the text with this. Then when I went back it was no longer in spam … MS]
brother, can you spare some water?
http://www.knysnakeep.org/south-africa-needs-water-angel-drivers/
Fuck that’s depressing. Climate change and industrial agriculture and poverty and how they interrelate.
and the earth just shook, luckily they estimate it to be a light earthquake, it was enough to shake the house of my parents in law.
http://www.geonet.org.nz/quakes/felt
yei. good fun.
Yep – I was shook 🙂
Thump, as modem tilted
and then there is Dick Smith Electronics, or maybe it was. But surely all the soon to be unemployed will find a job pronto in our Rock Star Economy. And surely now that we are in 2016 and the run for 2017 has effectively started we can start talking tax cuts to stimulate the economy 🙂
http://www.stuff.co.nz/business/industries/75618531/dick-smith-receiver-and-voluntary-administrator-appointed
That article says they don’t know why it’s had to go into receivership. Might not close though.
Been into one lately ?
Woolies probably bit anchorage capitals hand off unloading it in 2011 to them and they have behaved like the bankstas they are since with financial tricks and sale after sale in a sector under huge pressure with lotsa real estate, etailing etc.
The geeks who knew stuff cant be found much anymore and everything they sell can be picked up from places with same or better advice with sharper prices like a PB tech, harvey norman, jb etc
thanks Tc. Haven’t been in one for a long time and hadn’t realised they’d changed so much.
My biggest complaint about DSE over the last few years is that it’s no longer a electronics store for hobbyists but is now a whiteware store. Used to be able to go in there and get the knowledge and parts to make the electronics that you wanted to.
Seems really hard to find good hobbyist stores any more – even online – and I think we’ll find that it’s having a detrimental effect upon innovation.
yeah – jaycar has some interesting stuff, probably filling the vacuum left by DSE’s reorientation. Lots of kits, components, that sort of thing. Dedicated computer stores like pb or cellotech handle the other side.
DSE is just another place where you go for a computer and they sell you a standard box with the sales staff on a quota to upsell you the extended warranty. I went in on boxing day and they had espresso machines, ffs.
That is what got DSE in the end, really. They moved away from selling gadgets and hobby electronics to just selling what you could get from Harvey Norman or The Warehouse. They didnt even have HDMI – VGA adapters in there when I was looking for them.
Yeah, private equity strikes again.
They bought it for about 100 mil, pumped a bit of money in and made it look pretty, conned 500 mil for the float ($2.20 / share) two years ago, it’s 0.34 / share now and Anchorage are long gone, sold the last of their stock 6 months ago. And the thing is carrying huge debt.
Where has the money, like 400 mil, gone?
“Where has the money, like 400 mil, gone?”
Into Anchorage’s back pocket.
can’t understand how the punters keep getting sucked in by these venture capitalist floats
for more on how Anchorage trashed the company read this.
The electronics side got sold to Jaycar Electronics who lots of nerds go to now.
Dick Smith just became another retailer with hardly any technical knowledge with buyers who didn’t buy things like limited editions of games even on pre-order cause they are asshats who didn’t realise that those of us who bought both the electronics and limited editions spent a lot of money in their shops on other stuff.
They also populated their store locally with PS4 fanboys who just pissed off us regular Xbox players. You don’t sell stuff to us by telling us that what we (consciously) prefer is crap, particularly when we know a darn sight more about the merits and issues with the different systems than you do.
Even with PC’s I had one dick tell me I couldn’t put the RAM I wanted in myself and needed to pay someone who knew what they were doing to do it. When I said I know how easy it was and explained it he was totally gobsmacked. He’d never actually ever looked inside a PC.
The older (experience not age) staff knew us and tried to hold on to our business but their hands were tied.
They sadly watched our business go elsewhere.
That is like walking into Mitre 10 and discovering the staff dont know how to install gib board, or going to Repco, and finding the people who work there dont know how to connect/remove a car battery.
Graeme, it’s actually (DSE share) 20c, the point at which trading is suspended.
Yeah, I was looking at an article that was a few days old. May as well say it’s 0.00 now.
It’s still a serious amount of money to “loose” by any measure in two years. But I suppose they will be well practiced at disguising any malfeasance.
Graeme, I agree with you, I don’t think they lost it, it was simply ripped off them, the share holders, that is.
I saw the in depth report this evening, disturbing really, and blatant.
Bought for AU$20 mill, pumped up to $520 mill according to this: http://m.theregister.co.uk/2016/01/04/dick_limps_towards_an_inglorious_end/
“Whilst confident on the long-term viability of the company, the directors have been unsuccessful in obtaining the necessary support of its banking syndicate to see it through this period.”
According to one article I read.
These guys have a good turn of phrase, found this about their fire sale before Christmas
managing director Nick Abboud said Dick Smith would maintain “flexibility on gross margin to reduce inventory and improve our debt position,”
I hope they have another fire sale — I could use a DSE turntable to play my elevator music records on 😉
They’ll sound horrible – particularly if you have a good amp and speakers.
The quality of the amp in particular will magnify the poor quality of the turntable.
Go good quality turntable, then good quality amp, then good speakers.
Good input still sounds good on poor speakers.
Poor input is magnified on good output.
It’s an oddity that many people buy the really cool speakers first and wonder why their records sound like crap.
GIGO principle applies here as well.
If you want to move your vinyl to PC then there’s a few good phono pre-amps that’ll allow you to plug in a USB cable.
I find “vinyl studio” to be pretty good software for this, including tidying up pops etc.
Thats right, “shit in, shit out’.
http://www.nytimes.com/2013/01/03/opinion/our-imaginary-weight-problem.html
Family members who were nurses used to oft say to carry a bit of extra weight after 40 in case you had to have an operation.
Twas those that didn’t that most commonly died post-op as their bodies had insufficient surplus fat to use to recover.
Dunno if there any truth to that or whether it’s just an old wives tale but it’s an interesting notion.
I’ve always understood that the BMI index was established by insurance companies to determine risk from their perspective rather than a medical discovery – bit like legally blind doesn’t actually mean blind but sets out a point at which insurance companies would pay out or employers would be liable for costs.
Anyway it’s always been problematic in that the measure varies from country to country and changes in settings can change the number of people that are in any category.
“In 1998, the U.S. National Institutes of Health and the Centers for Disease Control and Prevention brought U.S. definitions in line with World Health Organization guidelines, lowering the normal/overweight cut-off from BMI 27.8 to BMI 25. This had the effect of redefining approximately 29 million Americans, previously healthy to overweight.[21]
This can partially explain the increase in the overweight diagnosis in the past 20 years, and the increase in sales of the weight loss products during the same time. WHO also recommends lowering the normal/overweight threshold for South East Asian body types to around BMI 23, and expects further revisions to emerge from clinical studies of different body types.”
Seems to me that the key take-home message is to not rely on self-reported data when establishing guidelines.
As to the rest of it, it’s not granular enough to draw any conclusions: all causes mortality could be confounded by injuries, degree of medical care (are moderately fact people kept alive by pills?), or even if the issue is with the lower end of the “normal” category (i.e. increased mortality in underweight people throws off the base measurement).
Interesting, though. It’ll keep people in work for the next 20 years trying to narrow down where the ines should be roughly drawn. I’ll get the [unbuttered] popcorn.
It is important to keep in mind that this study was on mortality and not on general health.
This is a pretty good explanation about how deforestation, clearing land and techniques like dredging waterways increase flooding, and how traditional techniques of slowing water flow hold it in the land and decrease flooding. The article actually discusses climate change in the context of a local weather event too.
Droughts and floods have significant manmade causes in addition to climate change.
http://www.independent.co.uk/news/uk/home-news/uk-flooding-how-a-yorkshire-flood-blackspot-worked-with-nature-to-stay-dry-a6794286.html
Exposure
Slowly but surely.
The Greatest Strategic Impact of 3-D Printing: Local Production Replaces Globalization
Yet the greatest strategic impact of additive manufacturing may not occur on the battlefield, but rather in the mundane manufacturing of clothing, shoes, appliances, phones, medical devices, and much more. In short, localized distributed manufacturing will become the norm. Not only will products be cheaper, but they will also be extremely customizable, rendering traditional manufacturing able to compete in only a few areas. And since 3-D printing technology is so cheap, it will also be incredibly widespread — Cambodia, for instance, already has a 3-D print shop.
http://warontherocks.com/2015/12/3-d-printing-will-disrupt-the-world-in-ways-we-can-barely-imagine/
previously on TS
They’ll change space exploration as well IMO , imagine a rocket landing and unfolding a series of 3d printers to build habitats for the following ship of humans.!!
SuperDraco!
In late 2013, SpaceX successfully fired a SuperDraco engine at full thrust using a 3D-printed engine chamber developed entirely in-house.
http://www.spacex.com/news/2014/07/31/spacex-launches-3d-printed-part-space-creates-printed-engine-chamber-crewed
What a load of bloody tossers the Care Alliance are – shame on them http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11569572
These types remind me of the anti-abortionist lobby of the 1970s and 80s – full of venom and hatred for anyone who didn’t support their view point. They are like a NZ version of the American fundamentalist movements.
Yeah well the religious know about the thin end of the wedge stuff. Works well for them.
We’ll set up our own schools in opposition to state funded secular education and pay for those schools ourselves for our religious children – give or take 10%
We’ll take state funding cause there’s less religious people
We’ll take white flight children from state schools and get them to lie about their religious status in order to pretend we only have 10% non-religious people at our school
We’ll infiltrate state schools through boards of trustees and start teaching religion at lunch times
We’ll start teaching religion during class times and make it difficult for pupils to not go
We’ll get our own special religious charter schools fully funded by the tax payer – with even better funding than the state schools
+1
Ditto!
Totally agree. I found the combination of Family First NZ, Hospice New Zealand and the Salvation Army somewhat strange.
Okay the Hospice organisation believes in end of life, quality palliative care and that this should be well funded. It obeys the current law and doesn’t want a law change for euthenasia. Even if there was such a law change the Hospice association could still say that euthenasia was unacceptable to their charity and I for one would accept that.
Ditto the Salavtion army who provide some elder care services.
Both these organisations are fully entitled to their views and to incorporate them in their daily work.
Family First doesn’t appear to do anything hands on for elder care just issue a press release.
but why do any of these organisations feel that it is acceptable to attack an individual for attending a meeting where something they may not agree with is discussed?
A diversion perhaps but four times the amount of fish caught with a little more than double the population is rather alarming.
http://www.bbc.com/earth/story/20141016-your-life-on-earth
Just watching Nigel Latta spelling it out so plainly, even the die hard National’s will have to feel real bad, “The Haves and Have-nots”
Yes, he did well, didn’t he