Wall street loves junk. AAA ratings are only good if you want a steady healthy economy but the Wall street banksters don’t care about that. They want bonuses and big bucks. This is what Max Keiser has to say about the down grading of the US.
Only if you still believe that real wealth is created on the NASDAQ, Dow Jones and other stock markets and you still believed you had a chance.
For those of us with a veggie garden it’s neither here nor there. Just paper and digi shit crumbling and the idiots trading in it getting their comeuppance.
I bet John Key got out pretty smartly after he met with Geithner and Bernanke when he visited the US on “our” behalf.
The 114.5 Trillion dollar super-skyscraper is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions. It is the money USA knows it will not have to pay all its bills.
If you live in USA this is also your personal credit card bill; you are responsible along with everyone else to pay this back. The citizens of USA created the U.S. Government to serve them, this is what the U.S. Government has done while serving The People.
Bear in mind that USA and NZL have the same credit rating.
Edit: NZX-50 is now down 88 points at 3188 – a fall of 2.69 per cent by 1pm – dead cat bouncing or not quite as bad as Mickeysavage would have us believe?
OK, can someone please explain that all that means?! I have been listening to the BBC all day, listening to economists, and I realise I couldn’t understand a word of it…
My son just asked – “maybe I am missing something, but can’t we just zero it all, and start from scratch?” What am I missing, what are we missing?
“My son just asked – “maybe I am missing something, but can’t we just zero it all, and start from scratch?” What am I missing, what are we missing?”
Yes, we could. The problem is, the people who currently have bank balances with 7+ digits before the decimal point are the ones who make the decisions. They don’t want to make decisions that would cost them money.
MSM are arrogant little fekkkers…apparently we are going to set a lead to the world Share markets because we open first…and they will folllow suite. Yea right.
I see Agriculture Minister David Carter is still getting away with equating foreign investment with foreign land ownership.
The two things are entirely different. Foreign investment can still flow into all manner of business, including farming, without having to own the land beneath. The land beneath must only be owned by the people who live on it. This applies right across the entire globe and has nothing to do with race. In fact David Carter should take note of how the Chinese deal with this issue …. go on Carter, show some intellectual honesty and tell the public why the Chinese don’t let foreigners own their land.
collateral. debt causes repo when government is run by speculators whose ability to ignore consequences when taking profit is highly regarded. Key loves a undervalued asset, and don’t we have a country full of under valued assets! We don’t even tax capital gains because there so hard to make here, funny that, if we valued them enough to tax them we’d get better management who would have to produce better quality decisions to succeed, and so produce more not less capital gain.
funny how the right think haiti is to be admired for its zero taxation economy.
Love the guy’s comment at the end. No way we will use this “anti matter” for space travel (as they do in Star Trek), we’ll use it for BOMBS first mwahahahaha….actually they do that in Star Trek too 🙁
More biased reporting from The Herald. On Saturday it reported on Sam Lotu Iiga’s private member’s bill dealing with loansharks and noted Simon Power’s statement that he was inclining towards a legislative crackdown on the industry.
Support from various organisations including the Salvation Army was mentioned.
The article reported that Judith Tizard had four years previously rejected a cap on interest rates that could be charged.
No where in the article did it mention that Labour’s Carol Beaumont has been running an intensive campaign against predatory lending practices. Nor is there mention that her bill the Credit Reforms (Responsible Lending) Bill was voted down by the tories last year. The bill would have capped chargable interest rates with the cap being set by regulation. Interestingly Carol is vying for Sam’s seat of Maungakiekie and has been getting great local support for her bill.
So Mr Herald why did you not mention this? Anyone reading the article would have thought that National is proactively working to deal with the problem yet a year ago they voted against a measure that would have made an important change. Instead of applauding the Governments action one could have concluded that they had engaged in cynical politics of the worst kind.
Yup, we’ve been here before. But given the state of the MSM newsrooms these days it could be that the Herald’s journo’s where still in high school this time last year.
Sneaking their father’s magazines, cutting themselves shaving peach fuzz, sullenly grunting replies to questions.
Poor government has turned NZ into a farming economy, so what a surprise that our yokel PM accepts credit for introducing the same policies as the previous and foreign governments, too force banks to deleverage. We could do so much better, not with Key in charge though.
Actually you don’t gotta love him. But that doesn’t mean anyone should respond to his brand of intolerance with violence. Hope they find his attacker – free speech needs to be free of violent consequences or else we’re all in the crapper.
Laws whines: “It was entirely unprovoked and I had neither exchanged words nor looks with this individual.”
Of course, it was provoked. The assailant would have been provoked by any number of offensive, racist utterances with which Laws has polluted the airwaves.
Maybe the assailant has a handicapped child—Laws frequently makes demeaning comments about handicapped children.
Maybe the assailant has had a sick relative die in a hospice—Laws calls hospices “evil”, and believes all very sick people want to kill themselves.
The only wonder is that it doesn’t happen to Laws every day.
well, mike laws is always going on about taking responsibilty of your own actions, what does he think spouting all that hate crap is going to bring him? must have been a big punch i reckon, though violence does suck.
Substitute ‘NZ Herald’ for ‘National Party Election campaign’ and you’re onto it. The nats’ behaviour on tossing out Beaumont’s private bill for this is typical and oh so easy with the MSM in your pocket.
‘cynical politics of the worst kind…’ yup it’s national, you aint seen nothing yet.
Remember the Murdoch empire? How it seemed to strike fear into the hearts of politicians and anyone else who it chose to target?
1. Here’s a reminder of the power that the Murdoch paper The Australian held over Canberra’s finest last year. Although the ABC Mediawatch programme does a competent job of exposing and commenting on the shamelessly partisan coverage by the Murdoch paper, the default mode seems to be wounded amusement. Rather than anger, the ABC presenter thinks urbanity is enough. Unlike anyone in the ABC or the Labor Party, Greens Senator Bob Brown appears to actually possess a spine… http://www.abc.net.au/mediawatch/transcripts/s3010433.htm
2. Now look at someone who has the courage and the clarity of mind to actually CONFRONT one of Murdoch’s hitmen….
Seriously, I think he’d be no loss! Campbell has traded for too long on being the “excitable left wing boy” he claimed to be in the SST in the 90s, when he’s really been no such thing, for a long time!
I have believed (wrongly as it turns out) that Mediaworks was already Murdoch-owned. What does that say about it?
An academic who has studied thousands of privatisations of state assets around the world says the Government is going about its “mixed ownership” plan in the right way.
William Megginson, professor at the University of Oklahoma, said New Zealand’s proposed partial privatisation programme was ambitious.
“They seem to be doing it right, getting the mandate and doing it through share issues,” he said.
“In most countries privatisation is a dirty word, it’s not a popular programme. The thing is that the economic evidence is that it does work.”
Money is ‘future value’ and the invisible hands works better the more people are active economically. So the perverse outcome is wealth falls into fewer and fewer hands,
\funnelled to them by a speculator class who see only the short-term, that has created
massive amounts of money.
Money now that could never be repaid with current assets, as those assets are finite, and much
wealth has been lost turning skill artisans into interchangeable throwable workers.
After a few years of oil price hitting $400 dollars and Energy companies run down by the
free market, you can be sure a government will nationalize them in short order.
The University of Oklahoma? Wouldn’t say a mid western US university ranked at below 400 in the world rankings would have any degree of credibility.
Consider the fact that he is a professor in finance banking and economics – he has a vested interest; also http://www.privatizationbarometer.net his little side project.
Dr Megginson has served as a privatisation consultant for the New York Stock Exchange, the OECD, the IMF, the World Federation of Exchanges, and the World Bank.
About as impartial as a military consultant saying guns keep people safe!
FFS I have degrees from two in the top 100 and worked as an academic at one in the top 100 for 6 years – shall I tell everyone what I believe works and expect governments and Joe Public to accept this without question?
Pete George….teach you a little trick. When you see people like William Megginson mysteriously appear from Oklahoma you do a quick Google and check out their credentials.
Nice credentials (except having known lots of people who have gained PhDs that does not impress me in the slightest), William is always on one side of the ledger. This lad is a pro-privatiser, always. Which would indicate to me that doubt is not in his mind in the slightest, the truest test of an ideologue.
Next juicy little Google on Billy Boy the privatiser….Roger Kerr is advertising him on his site. QED
….teach you a little trick. When you see people like William Megginson mysteriously appear from Oklahoma you do a quick Google and check out their credentials.
Jeez Pete, cant you recognise a snake oil salesman when you see one. Your mother probably warned you about these people, you should have listened to her.
Yeah right if the assets are sold for there real value an not 1/2 price like Key English are promoting.A country like Singapore doesn’t do it yet has 10 times our economic growth.PG go back to your eco comics .
“the economic evidence is that it does work”
For a small number of wealthy shareholders.
Later on it doesn’t work so well for the overcharged citizenry who end up bailing out a crumbling SOE that’s been asset stripped and hollowed out by endless cuts to wages, services, investment.
Today, the patent bill looks like a scorecard tallying points for powerful corporations: a win for pharmaceutical companies whose monopolies are driving up Medicare costs; a win for Wall Street’s battle against check-processing patents; a loss for tech giants who had hoped to curb costly lawsuits.
Left out of the tally is the public, even as the economic landscape for American families grows darker. Historian Richard Hofstadter famously observed that Congress during the Gilded Age busied itself with dividing the nation’s spoils among the rich and powerful. But as the current patent struggle suggests, the spoilsmen are back and Washington is once again an arbiter of who lands the lucre.
Shouldn’t be surprised I suppose. Today government is of the people, by the rich for the rich and it ain’t getting any better.
More biased under-researched repeating from the MSM:
Phil Goff demands action over navy misbehaviour but can’t remember the six army personnel brought back from Afghanistan on Goff’s watch for smoking hashish…
… or the colonel who was courtmartialled on Goff’s watch for abusing duty free privileges …
I think the shoe’s on the other foot – Snark has screwed up Goff’s point somewhat
Goff told the Herald he could recall nothing similar during his tenure as Defence Minister between 2005 and 2008.
However six army personnel were pulled out of Afghanistan on Goff’s watch for smoking hashish.
Then there was Colonel Selwyn Heaton, who bought 100 bottles of gin, rum, vodka, whiskey, liqueur and wine and more than 200 packets of cigarettes for a friend just three weeks before his posting was due to end in 2006. Heaton pled guilty at a court martial at Trentham to two charges of bringing discredit to the army.
Gotta love Robert Jensen. He in a column mentioned the only 3 revolutions that ever counted…the agricultural, the industrial and now the delusional revolution.
The delusional revolution is my term for the development of sophisticated propaganda techniques in the 20th century (especially a highly emotive, image-based advertising/marketing system) that have produced in the bulk of the population (especially in First World societies) a distinctly delusional state of being. Although any person or group can employ these techniques, wealthy individuals and corporations — and their representatives in government — take advantage of their disproportionate share of resources to flood the culture with their stories that reinforce their dominance. Journalism and education, idealized as spaces for rationally based truth-telling, sometimes provide a counter to those propaganda systems, but just as often are co-opted by the powerful forces behind them.
A good read, love the idea that a political revolution is totaly pointless in our current predicament, the status quo will collapse into inneffectivenes anyway as it tries to address issues that are clearly outside of its comprehension.
They create it out of thin air and you borrow it and pay interest with your hard slog.
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” Thomas Jefferson.
Problem is there is no money to buy the paper or run the presses.
heh that would be funny
except the (privately owned) Federal Reserve simply tap the number into a keyboard and electronically credit their own bank account with whatever they choose. An extra $10B, $100B, $1,000B.
Just like that. Takes less than a second.
By the way, its just as well they don’t physically print these quantities of cash that often
It’s a pretty wry ROFL though. Greenspan, and plenty of others, are playing a snakey game here.
The downgrade was unusual in that it wasn’t about the US’s ability to pay. Greenspan is right in that if the worst comes to the worse the US can print the money. There is no way that they ‘cannot’ pay the debt, or at least, they are a loooooooong way from being close to a ‘cannot’ pay scenario.
Where they are at though, is close to a ‘won’t pay’ scenario. The risk S&P sees is not economic, it’s political. They point out the debt ceiling argument, and the fact that the GOP flat out refuses to raise taxes, and note that the cuts won’t be anywhere near enough. Greenspans mircale moves won’t happen either, the GOP won’t let them.
What S&P said was basically. If you don’t raise taxes, you won’t be able to pay in the medium term, and we think your political situation is fucked to the point that you won’t raise taxes. You won’t even let the Bush tax cuts expire, which would all but fix the problem all by itself. Ergo, you don’t deserve AAA.
1) The US AAA rating should have been downgraded at least a year ago when it became obvious that money printing was going to continue unabated. Paying your debt with ever devaluing freshly printed inflationary scrip is considered a technical default in many places.
Technically, the US should have lost its AAA rating when it closed the USD gold window in the 1960’s. That was a true default.
2) US money printing fails even more badly as a solution if the USD loses its status as the reserve currency of the world. This won’t happen in the next 12 months, but the erosion is already obvious. People are trying to trade and store value in anything but the USD.
3) 10 year plus to 30 year treasuries. Can anyone realistically see a US Govt which is spending something like US$3.5T this year but only collecting US$2.2T in tax receipts getting on top of this situation in order to make good on 10 year plus treasuries.
Prediction: blood bath on Wall St this week. They may have a bit of a spike up tomorrow but it will be very very temporary.
I sure hope he’s got his feelers out in the job market ‘cos his days as cheer leader for the Labour Party would have to be numbered after that plagiarism stunt he pulled across on Red Alert today !
to take the piss of the crappy jokes Whaleoil does on his site, which are not original at all (admittedly they were not that funny) . Whale copied the idea from others. Its called a meme.
Here is one I prepared earlier “let me google that for you” because your to lazy or stupid to check yourself.
the difference is that Cameron Slater is an unemployed blogger and I’m a nobody – Trev is a front bench parliamentarian and shadow leader of the house with serious aspirations to get his party back into power.
I’m sure that you’re neither too lazy nor too stupid to spot the difference
Two dickheads (whale and duck) blogging….not much difference!
Look at John key doing the audition for Letterman, sad…
Look at Mallard trying to be funny on a blog, sad…
not much difference. I thought the stuff blog was kind of lame too. Find someone over the age of 20 that doesn’t know that our Tev can be a bit of a tool sometimes.
May I hope to see a post on the Standard shredding a quite extraordinary article on Stuff by Tracy Watkins which appeared to be a largely verbatim session of puffery by the Prime Minister explaining how he and his cohorts have saved NZ from Global Financial Crisis II by their amazing sagacity and foresight. One grows accustomed to the fourth estate acting as cheerleaders for the smiley wavy one, but even by the prevailing low standards this was pathetic.Perhaps the next step is for commentary to consist of National Party press releases. Yes, no cause for concern, John and Bill have everything under control.
On Radionz this morning they were talking to Benjamin Friedman, USA economist and he said when replying to a question that he wasn’t a political economist. He had a go at the question though. To me that answer is funny because economists seem to know no boundaries in applying their wisdom to any human problem. For instance they have one about human generosity (it’s actually self-serving for one’s own satisfaction and aggrandisement) etc.
Wikipedia rundown for anyone interested. http://en.wikipedia.org/wiki/Benjamin_M._Friedman
I wondered if he was related to the late Milton Friedman but apparently no.
I refreshed myself on Milton’s career and found that he was an advisor to Ronald Reagan. Friedman was against government spending yet we know that while Reagan was President overall government spending went up.
Link for Milton – http://www.grandfather-economic-report.com/friedman.htm Reagan’s failure to truly reduce taxes for most Americans was mirrored by a failure to restrain government spending. Reagan ran for office in 1980 as a harsh critic of “tax and spend” liberalism, vowing as president to shrink the size of the government by slashing federal spending. Once in office, however, Reagan found it impossible to deliver on his promises. The largest chunk of the federal budget went to pay for Social Security and Medicare, which provide retirement income and health care for the elderly, and which are the two most popular government social programs in American history. While Reagan had long criticized both, he found it politically impossible to dismantle them. After Social Security and Medicare, the next largest government expense was the military—and Reagan, a staunch Cold Warrior, never considered cutting defense spending and instead increased it substantially. “Defense is not a budget item,” he told planners at the Pentagon. “You spend what you need.”
Another google heading – It only looks different: Both parties love big government | McClatchy http://www.mcclatchydc.com/…/it-only-looks-different-both-... – United States – Cached
5 Mar 2009 – In his eight years, Republican Ronald Reagan increased government spending by 69 percent, led by a 92 percent increase in defense spending .
I guess there is a direct line from this thinking to the free market kerfuffle we have today. Still being blamed on government though.
I see that the Tottenham riots sparked by a dodgy police shooting were followed by another night of opportunist looting completely unrelated to the issue in Brixton and elsewhere. Why don’t we have more riots here, I wonder?
Straw and camel’s back come to mind. Anyways, I just read the the bullet that was lodged in a police radio (the bullet that sparked the shooting of the young man, that sparked the riots) appears to be police issue.
There is an independent police enquiry to take place to ascertain the cause. The police are saying they were shot at, then followed a peaceful march that was hijacked by thugs see the looting and burning that followed. That is the problem with well organized protests they are open to being hijacked. Interesting following news directly as opposed from a nzpa type of summary – same with events in Norway. Vastly different to what gets reported in nz
Wonder how many chrillion Stirling and US dlrs the Mr and Mrs Aldgate-Whitechapels of this world have bought in the last six months. Might see them selling them soon and making a tidy profit. It’s so nice being a Mum and Dad and having spare cash to move around the markets.
Just been watching extensive coverage of the tottenham riots from live to current. Interesting to see commentary re senior level govt all being AWOL, and the views that Britain should scale back austerity measures, at the same time that EU countries need to step theirs up not to sure of the logic there. Also that all govts need to operate under balanced budgets and more banks require bailing out (2 nd targeted in France) the more the world changes yet the same issues remain unresolved!!
Photo: Lynn Grieveson / The KākāTL;DR: My top six things to note around housing, climate and poverty in Aotearoa’s political economy in the week to July 27 were:1. The Minister for Ford Rangers strikes againTransport Minister Simeon Brown was again the busiest of the Cabinet ministers this week, announcing an ...
You got a fast carAnd I want a ticket to anywhereMaybe we make a dealMaybe together we can get somewhereAny place is betterYesterday’s newsletter, Trust In Me, on the report of abuse in state care, and by religious organisations, between 1950 and 2019, coupled with the hypocrisy of Christopher Luxon ...
New Zealand is again having to reconcile conflicting pressures from its military and its trade interests. Should we join Pillar Two of AUKUS and risk compromising our markets in China? For a century after New Zealand was founded in 1840, its external security arrangements and external economics arrangements were aligned. ...
The ‘50 Shades of Green’ farmers’ protest in 2019 was heavy on climate change denial, but five years on, scepticism and criticism about the idea that pine forests can save us is growing across the board. File photo: Lynn GrievesonTL;DR: Here’s the top six news items of note in climate ...
This morning the sky was bright.The birds, in their usual joyous bliss. Nature doesn’t seem to feel the heat of what might angst humans.Their calls are clear and beautiful.Just some random thoughts:MāoriPaul Goldsmith has announced his government will roll back the judiciary’s rulings on Māori Customary Marine Title, which recognises ...
In 2003, the Court of Appeal delivered its decision in Ngati Apa v Attorney-General, ruling that Māori customary title over the foreshore and seabed had not been universally extinguished, and that the Māori Land Court could determine claims and confirm title if the facts supported it. This kicked off the ...
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TL;DR: In news breaking this morning:The Ministry of Education is cutting $2 billion from its school building programme so the National-ACT-NZ First Coalition Government has enough money to deliver tax cuts; The Government has quietly lowered its child poverty reduction targets to make them easier to achieve;Te Whatu Ora-Health NZ’s ...
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1. What's not to love about the way the Harris campaign is turning things around?a. Nothingb. Love all of itc. God what a reliefd. Not that it will be by any means easye. All of the above 2. Documents released by the Ministry of Health show Associate Health Minister Casey ...
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TL;DR: The podcast above of the weekly ‘hoon’ webinar for paying subscribers last night features co-hosts and talking about the Royal Commission Inquiry into Abuse in Carereport released this week, and with:The Kākā’s climate correspondent on a UN push to not recognise carbon offset markets and ...
TL;DR: As of 6:00 am on Friday, July 26, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:Transport: Simeon Brown announced$802.9 million in funding for 18 new trains on the Wairarapa and Manawatū rail lines, which ...
The northern expressway extension from Warkworth to Whangarei is likely to require radical changes to legislation if it is going to be built within the foreseeable future. The Government’s powers to purchase land, the planning process and current restrictions on road tolling are all going to need to be changed ...
Text within this block will maintain its original spacing when publishedFirst they came for the doctors But I was confused by the numbers and costs So I didn't speak up Then they came for our police and nurses And I didn't think we could afford those costs anyway So I ...
Photo by Joshua J. Cotten on UnsplashWe’re back again after our mid-winter break. We’re still with the ‘new’ day of the week (Thursday rather than Friday) when we have our ‘hoon’ webinar with paying subscribers to The Kākā for an hour at 5 pm.Jump on this link on YouTube Livestream ...
Notes: This is a free article. Abuse in Care themes are mentioned. Video is at the bottom.BackgroundYesterday’s report into Abuse in Care revealed that at least 1 in 3 of all who went through state and faith based care were abused - often horrifically. At least, because not all survivors ...
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Some of the recent announcements from the government have reminded us of posts we’ve written in the past. Here’s one from early 2020. There were plenty of reactions to the government’s infrastructure announcement a few weeks ago which saw them fund a bunch of big roading projects. One of ...
TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 7:00 am on Thursday, July 25 are:News: Why Electric Kiwi is closing to new customers - and why it matters RNZ’s Susan EdmundsScoop: Government drops ...
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Yesterday I happily quoted the Prime Minister without fact-checking him and sure enough, it turns out his numbers were all to hell. It’s not four kg of Royal Commission report, it’s fourteen.My friend and one-time colleague-in-comms Hazel Phillips gently alerted me to my error almost as soon as I’d hit ...
TL;DR: As of 6:00 am on Thursday, July 25, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day were:The Abuse in Care Royal Commission of Inquirypublished its final report yesterday.PM Christopher Luxon and The Minister responsible for ...
The Official Information Act has always been a battle between requesters seeking information, and governments seeking to control it. Information is power, so Ministers and government agencies want to manage what is released and when, for their own convenience, and legality and democracy be damned. Their most recent tactic for ...
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Please note:To skip directly to the- parliamentary footage in the video, scroll to 1:21 To skip to audio please click on the headphone iconon the left hand side of the screenThis video / audio section is under development. ...
Given the crackdown on wasteful government spending, it behooves me to point to a high profile example of spending by the Luxon government that looks like a big, fat waste of time and money. I’m talking about the deployment of NZDF personnel to support the US-led coalition in the Red ...
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As I reported about the city centre, Auckland’s rail network is also going through a difficult and disruptive period which is rapidly approaching a culmination, this will result in a significant upgrade to the whole network. Hallelujah. Also like the city centre this is an upgrade predicated on the City ...
Today, a 4 kilogram report will be delivered to Parliament. We know this is what the report of the Royal Commission of Inquiry into Abuse in State and Faith-based Care weighs, because our Prime Minister told us so.Some reporter had blindsided him by asking a question about something done by ...
TL;DR: As of 7:00 am on Wednesday, July 24, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:Beehive:Transport Minister Simeon Brownannounced plans to use PPPs to fund, build and run a four-lane expressway between Auckland ...
NewstalkZB host Mike Hosking, who can usually be relied on to give Prime Minister Christopher Luxon an easy run, did not do so yesterday when he interviewed him about the HealthNZ deficit. Luxon is trying to use a deficit reported last year by HealthNZ as yet another example of the ...
Back in January a StatsNZ employee gave a speech at Rātana on behalf of tangata whenua in which he insulted and criticised the government. The speech clearly violated the principle of a neutral public service, and StatsNZ started an investigation. Part of that was getting an external consultant to examine ...
Renting for life: Shared ownership initiatives are unlikely to slow the slide in home ownership by much. Photo: Lynn Grieveson / The KākāTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy today are:A Deloittereport for Westpac has projected Aotearoa’s home-ownership rate will ...
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There’s been a change in Myers Park. Down the steps from St. Kevin’s Arcade, past the grassy slopes, the children’s playground, the benches and that goat statue, there has been a transformation. The underpass for Mayoral Drive has gone from a barren, grey, concrete tunnel, to a place that thrums ...
This is a re-post from Yale Climate Connections Global society may have finally slammed on the brakes for climate-warming pollution released by human fossil fuel combustion. According to the Carbon Monitor Project, the total global climate pollution released between February and May 2024 declined slightly from the amount released during the same ...
TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 7:00 am on Tuesday, July 23 are:Deep Dive: Penlink: where tolling rhetoric meets reality BusinessDesk-$$$’sOliver LewisScoop:Te Pūkenga plans for regional polytechs leak out ...
TL;DR: As of 6:00 am on Tuesday, July 23, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:Health: Shane Reti announcedthe Board of Te Whatu Ora-Health New Zealand was being replaced with Commissioner Lester Levy ...
Health NZ warned the Government at the end of March that it was running over Budget. But the reasons it gave were very different to those offered by the Prime Minister yesterday. Prime Minister Christopher Luxon blamed the “botched merger” of the 20 District Health Boards (DHBs) to create Health ...
Long ReadKey Summary: Although National increased the health budget by $1.4 billion in May, they used an old funding model to project health system costs, and never bothered to update their pre-election numbers. They were told during the Health Select Committees earlier in the year their budget amount was deficient, ...
As a momentous, historic weekend in US politics unfolded, analysts and commentators grasped for precedents and comparisons to help explain the significance and power of the choice Joe Biden had made. The 46th president had swept the Democratic party’s primaries but just over 100 days from the election had chosen ...
TL;DR: I’m casting around for new ideas and ways of thinking about Aotearoa’s political economy to find a few solutions to our cascading and self-reinforcing housing, poverty and climate crises.Associate Professor runs an online masters degree in the economics of sustainability at Torrens University in Australia and is organising ...
The Finance and Expenditure Committee has reported back on National's Local Government (Water Services Preliminary Arrangements) Bill. The bill sets up water for privatisation, and was introduced under urgency, then rammed through select committee with no time even for local councils to make a proper submission. Naturally, national's select committee ...
Some years ago, I bought a book at Dunedin’s Regent Booksale for $1.50. As one does. Vandrad the Viking (1898), by J. Storer Clouston, is an obscure book these days – I cannot find a proper online review – but soon it was sitting on my shelf, gathering dust alongside ...
History is not on the side of the centre-left, when Democratic presidents fall behind in the polls and choose not to run for re-election. On both previous occasions in the past 75 years (Harry Truman in 1952, Lyndon Johnson in 1968) the Democrats proceeded to then lose the White House ...
This is a free articleCoverageThis morning, US President Joe Biden announced his withdrawal from the Presidential race. And that is genuinely newsworthy. Thanks for your service, President Biden, and all the best to you and yours.However, the media in New Zealand, particularly the 1News nightly bulletin, has been breathlessly covering ...
A homeless person’s camp beside a blocked-off slipped damage walkway in Freeman’s Bay: we are chasing our tail on our worsening and inter-related housing, poverty and climate crises. Photo: Photo: Lynn Grieveson / The KākāTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy ...
What has happened to it all?Crazy, some'd sayWhere is the life that I recognise?(Gone away)But I won't cry for yesterdayThere's an ordinary worldSomehow I have to findAnd as I try to make my wayTo the ordinary worldYesterday morning began as many others - what to write about today? I began ...
TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 7:00 am on Monday, July 22 are:Today’s Must Read: Father and son live in a tent, and have done for four years, in a million ...
TL;DR: As of 7:00 am on Monday, July 22, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:US President Joe Biden announced via X this morning he would not stand for a second term.Multinational professional services firm ...
A listing of 32 news and opinion articles we found interesting and shared on social media during the past week: Sun, July 14, 2024 thru Sat, July 20, 2024. Story of the week As reflected by preponderance of coverage, our Story of the Week is Project 2025. Until now traveling ...
This weekend, a friend pointed out someone who said they’d like to read my posts, but didn’t want to pay. And my first reaction was sympathy.I’ve already told folks that if they can’t comfortably subscribe, and would like to read, I’d be happy to offer free subscriptions. I don’t want ...
National: The Party of ‘Law and Order’ IntroductionThis weekend, the Government formally kicked off one of their flagship policy programs: a military style boot camp that New Zealand has experimented with over the past 50 years. Cartoon credit: Guy BodyIt’s very popular with the National Party’s Law and Orderimage, ...
Day one of the solo leg of my long journey home begins with my favourite sound: footfalls in an empty street. 5.00 am and it’s already light and already too warm, almost.If I can make the train that leaves Budapest later this hour I could be in Belgrade by nightfall; ...
Do you remember Y2K, the threat that hung over humanity in the closing days of the twentieth century? Horror scenarios of planes falling from the sky, electronic payments failing and ATMs refusing to dispense cash. As for your VCR following instructions and recording your favourite show - forget about it.All ...
Climate Change Minister Simon Watts being questioned by The Kākā’s Bernard Hickey.TL;DR: My top six things to note around housing, climate and poverty in Aotearoa’s political economy in the week to July 20 were:1. A strategy that fails Zero Carbon Act & Paris targetsThe National-ACT-NZ First Coalition Government finally unveiled ...
Summary:As New Zealand loses at least 12 leaders in the public service space of health, climate, and pharmaceuticals, this month alone, directly in response to the Government’s policies and budget choices, what lies ahead may be darker than it appears. Tui examines some of those departures and draws a long ...
The Minister of Housing’s ambition is to reduce markedly the ratio of house prices to household incomes. If his strategy works it would transform the housing market, dramatically changing the prospects of housing as an investment.Leaving aside the Minister’s metaphor of ‘flooding the market’ I do not see how the ...
As previously noted, my historical fantasy piece, set in the fifth-century Mediterranean, was accepted for a Pirate Horror anthology, only for the anthology to later fall through. But in a good bit of news, it turned out that the story could indeed be re-marketed as sword and sorcery. As of ...
An employee of tobacco company Philip Morris International demonstrates a heated tobacco device. Photo: Getty ImagesTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy on Friday, July 19 are:At a time when the Coalition Government is cutting spending on health, infrastructure, education, housing ...
TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 8:30 am on Friday, July 19 are:Scoop: NZ First Minister Casey Costello orders 50% cut to excise tax on heated tobacco products. The minister has ...
Kia ora, it’s time for another Friday roundup, in which we pull together some of the links and stories that caught our eye this week. Feel free to add more in the comments! Our header image this week shows a foggy day in Auckland town, captured by Patrick Reynolds. ...
TL;DR : Here’s the top six items climate news for Aotearoa this week, as selected by Bernard Hickey and The Kākā’s climate correspondent Cathrine Dyer. A discussion recorded yesterday is in the video above and the audio of that sent onto the podcast feed.The Government released its draft Emissions Reduction ...
Save some money, get rich and old, bring it back to Tobacco Road.Bring that dynamite and a crane, blow it up, start all over again.Roll up. Roll up. Or tailor made, if you prefer...Whether you’re selling ciggies, digging for gold, catching dolphins in your nets, or encouraging folks to flutter ...
Waiting In The Wings:For truly, if Trump is America’s un-assassinated Caesar, then J.D. Vance is America’s Octavian, the Republic’s youthful undertaker – and its first Emperor.DONALD TRUMP’S SELECTION of James D. Vance as his running-mate bodes ill for the American republic. A fervent supporter of Viktor Orban, the “illiberal” prime ...
TL;DR: As of 6:00 am on Friday, July 19, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:The PSAannounced the Employment Relations Authority (ERA) had ruled in the PSA’s favour in its case against the Ministry ...
Te Rangi e tu nei (The sky above us) Te Papa e takoto nei (The land beneath us) Tatou katoa te hunga ora (To us all the living) Tena koutou katoa (Greetings) ...
A late change to charter school legislation will cheat educators out of fair pay and negotiating power proving charter schools are just a vehicle to make profit out of our education system. ...
In 2004 te iwi Māori rallied against the Crown’s attempt to confiscate our coastlines and moana with the Foreshore and Seabed Act. This led to the largest hīkoi of a generation and the birth of Te Pāti Māori. 20 years later, history is repeating itself. Today the government has announced ...
It has been five and a half years since the Royal Commission of Inquiry into Abuse in Care was established to investigate the abuse of children, young people, and vulnerable adults within state and faith-based institutions. Yesterday, the final report - Whanaketia through pain and trauma, from darkness to light ...
The Green Party is calling on the Government to take action off the back of the International Court of Justice ruling on Israel’s illegal occupation of Palestine. ...
On Friday the International Court of Justice reaffirmed what Palestinian’s have been telling us for decades: that the occupation and colonisation of Palestinian lands by Israel is illegal and must end immediately. They also called for reparations for Palestinian’s who have lived under Israeli occupation since it began in 1967. ...
Labour calls on the Government to act after the International Court of Justice (ICJ) ruled that Israel’s occupation of Palestinian Territories is illegal. ...
The 53.7 percent rise in benefit sanctions over the last year is more proof of this Government’s disdain for our communities most in need of support. ...
Aotearoa could be a country where every child grows up feeling safe, loved and with a sense of belonging in their whānau and community. But for some of our children, this is far from reality. Instead, they are trapped in a maze of intergenerational harm that they can’t escape on ...
Te Pāti Māori are calling for David Seymour to resign as Associate Health Minister in response to his call for Pharmac to ignore the Treaty of Waitangi. “This announcement is just another example of the government’s anti-Tiriti, anti-Māori agenda.” Said Co-leader and spokesperson for health, Debbie Ngarewa-Packer. “Seymour thinks it ...
The soaring price of renting is driving the rise of inflation in this country - with latest figures from Stats NZ showing rents are up 4.8 per cent on average while annual inflation is at 3.3 per cent. ...
National’s Emissions Reduction Plan will take New Zealand further from the economy we need to ensure the next generation has a stable climate and secure livelihoods. ...
Following consultation with named parties and thorough consideration of privacy interests, the Green Party is in a position to release the Executive Summary of the final report from the independent investigation into Darleen Tana. ...
Prime Minister Christopher Luxon should be asking serious questions of his Minister for Resources Shane Jones now it’s been revealed he misled the public about a dinner with mining companies that he didn’t declare and said wasn’t pre-arranged. ...
Te Pāti Māori have submitted to the Justice Select Committee against the Sentencing (Reinstating Three Strikes) Amendment Bill. The bill will further entrench racism in our justice system and fails to focus on rehabilitation. “Reinstating Three Strikes will empower a systematically racist system and exacerbate the overrepresentation of Māori in ...
The Transport and Infrastructure Committee is set to make a determination on the Residential Tenancies Amendment (RTA) Bill in the coming weeks. “This legislation will give landlords the power to kick our whānau out onto the street for no reason” said Housing spokesperson, Mariameno Kapa-Kingi. “Their solution to the housing ...
“National’s campaign was about tackling crime and the best they can do is a two-year long Ministerial Advisory Group,” Labour justice spokesperson Duncan Webb said. ...
“There are more examples of charter schools failing their students than there are success stories. The coalition Government is driving to dismantle our public school system and instead promote a privatised, competitive structure that puts profits before kids,” Jan Tinetti said. ...
“This government is choosing to deliberately mislead and withhold information, keeping our people in the dark about this government’s agenda and the future of our mokopuna,” said co-leader and spokesperson for Health, Debbie Ngarewa-Packer. The call comes after the demand from the Chief Ombudsman that Associate Minister of Health, Casey ...
“Today’s climate announcement by Simon Watts makes clear the National Government is simply paying lip service to meeting its climate change targets,” Megan Woods said. ...
National is choosing to make life harder for workers by taking away the rights our communities have fought hard for. Here's how they’re taking workers backwards. ...
Australia, Canada and New Zealand today issued the following statement on the need for an urgent ceasefire in Gaza and the risk of expanded conflict between Hizballah and Israel. The situation in Gaza is catastrophic. The human suffering is unacceptable. It cannot continue. We remain unequivocal in our condemnation of ...
Attorney-General Judith Collins today reminded all State and faith-based institutions of their legal obligation to preserve records relevant to the safety and wellbeing of those in its care. “The Abuse in Care Inquiry’s report has found cases where records of the most vulnerable people in State and faith‑based institutions were ...
Minister of Internal Affairs Brooke van Velden says the Government’s online safety website for children and young people has reached one million page views. “It is great to see so many young people and their families accessing the site Keep It Real Online to learn how to stay safe online, and manage ...
Tēnā tātou katoa, Ngā mihi te rangi, ngā mihi te whenua, ngā mihi ki a koutou, kia ora mai koutou. Thank you for the opportunity to be here and the invitation to speak at this 50th anniversary conference. I acknowledge all those who have gone before us and paved the ...
New Zealand’s payroll providers have successfully prepared to ensure 3.5 million individuals will, from Wednesday next week, be able to keep more of what they earn each pay, says Finance Minister Nicola Willis and Revenue Minister Simon Watts. “The Government's tax policy changes are legally effective from Wednesday. Delivering this tax ...
An experimental vineyard which will help futureproof the wine sector has been opened in Blenheim by Associate Regional Development Minister Mark Patterson. The covered vineyard, based at the New Zealand Wine Centre – Te Pokapū Wāina o Aotearoa, enables controlled environmental conditions. “The research that will be produced at the Experimental ...
The Coalition Government has confirmed the indicative regional breakdown of North Island Weather Event (NIWE) funding for state highway recovery projects funded through Budget 2024, Transport Minister Simeon Brown says. “Regions in the North Island suffered extensive and devastating damage from Cyclone Gabrielle and the 2023 Auckland Anniversary Floods, and ...
Indonesia’s Foreign Minister, Retno Marsudi, will visit New Zealand next week, Foreign Minister Winston Peters has announced. “Indonesia is important to New Zealand’s security and economic interests and is our closest South East Asian neighbour,” says Mr Peters, who is currently in Laos to engage with South East Asian partners. ...
He aha te kai a te rangatira? He kōrero, he kōrero, he kōrero. The government has reaffirmed its commitment to supporting the aspirations of Ngāti Maniapoto, Minister for Māori Development Tama Potaka says. “My thanks to Te Nehenehenui Trust – Ngāti Maniapoto for bringing their important kōrero to a ministerial ...
Transport Minister Simeon Brown has thanked outgoing Chair of the Civil Aviation Authority, Janice Fredric, for her service to the board.“I have received Ms Fredric’s resignation from the role of Chair of the Civil Aviation Authority,” Mr Brown says.“On behalf of the Government, I want to thank Ms Fredric for ...
The Government is proposing legislation to overturn a Court of Appeal decision and amend the Marine and Coastal Area Act in order to restore Parliament’s test for Customary Marine Title, Treaty Negotiations Minister Paul Goldsmith says. “Section 58 required an applicant group to prove they have exclusively used and occupied ...
Regulation Minister David Seymour says that opposition parties have united in bad faith, opposing what they claim are ‘dangerous changes’ to the Early Childhood Education sector, despite no changes even being proposed yet. “Issues with affordability and availability of early childhood education, and the complexity of its regulation, has led ...
After receiving more than 740 submissions in the first 20 days, Regulation Minister David Seymour is asking the Ministry for Regulation to extend engagement on the early childhood education regulation review by an extra two weeks. “The level of interest has been very high, and from the conversations I’ve been ...
The Coalition Government is investing $802.9 million into the Wairarapa and Manawatū rail lines as part of a funding agreement with the NZ Transport Agency (NZTA), KiwiRail, and the Greater Wellington and Horizons Regional Councils to deliver more reliable services for commuters in the lower North Island, Transport Minister Simeon ...
Local Government Minister Simeon Brown has announced his intention to appoint a Crown Manager to both Hawke’s Bay Regional and Wairoa District Councils to speed up the delivery of flood protection work in Wairoa."Recent severe weather events in Wairoa this year, combined with damage from Cyclone Gabrielle in 2023 have ...
Mr Speaker, this is a day that many New Zealanders who were abused in State care never thought would come. It’s the day that this Parliament accepts, with deep sorrow and regret, the Report of the Royal Commission of Inquiry into Abuse in Care. At the heart of this report are the ...
For the first time, the Government is formally acknowledging some children and young people at Lake Alice Psychiatric Hospital experienced torture. The final report of the Royal Commission of Inquiry into Abuse in State and Faith-based Care “Whanaketia – through pain and trauma, from darkness to light,” was tabled in Parliament ...
The Government has acknowledged the nearly 2,400 courageous survivors who shared their experiences during the Royal Commission of Inquiry into Historical Abuse in State and Faith-Based Care. The final report from the largest and most complex public inquiry ever held in New Zealand, the Royal Commission Inquiry “Whanaketia – through ...
With a week to go before hard-working New Zealanders see personal income tax relief for the first time in fourteen years, 513,000 people have used the Budget tax calculator to see how much they will benefit, says Finance Minister Nicola Willis. “Tax relief is long overdue. From next Wednesday, personal income ...
Workplace Relations and Safety Minister Brooke van Velden says a bill that has passed its first reading will improve parental leave settings and give non-biological parents more flexibility as primary carer for their child. The Regulatory Systems Amendment Bill (No3), passed its first reading this morning. “It includes a change ...
Two Bills designed to improve regulation and make it easier to do business have passed their first reading in Parliament, says Economic Development Minister Melissa Lee. The Regulatory Systems (Economic Development) Amendment Bill and Regulatory Systems (Immigration and Workforce) Amendment Bill make key changes to legislation administered by the Ministry ...
New legislation paves the way for greater competition in sectors such as banking and electricity, Commerce and Consumer Affairs Minister Andrew Bayly says. “Competitive markets boost productivity, create employment opportunities and lift living standards. To support competition, we need good quality regulation but, unfortunately, a recent OECD report ranked New ...
Minister of Internal Affairs Brooke van Velden says lotteries for charitable purposes, such as those run by the Heart Foundation, Coastguard NZ, and local hospices, will soon be allowed to operate online permanently. “Under current laws, these fundraising lotteries are only allowed to operate online until October 2024, after which ...
The Coalition Government is accelerating work on the new four-lane expressway between Auckland and Whangārei as part of its Roads of National Significance programme, with an accelerated delivery model to deliver this project faster and more efficiently, Transport Minister Simeon Brown says. “For too long, the lack of resilient transport connections ...
Sir Don McKinnon will travel to Viet Nam this week as a Special Envoy of the Government, Foreign Minister Winston Peters has announced. “It is important that the Government give due recognition to the significant contributions that General Secretary Nguyen Phu Trong made to New Zealand-Viet Nam relations,” Mr ...
Minister of Internal Affairs Brooke van Velden says newly appointed Commissioner, Grant Illingworth KC, will help deliver the report for the first phase of the Royal Commission of Inquiry into COVID-19 Lessons, due on 28 November 2024. “I am pleased to announce that Mr Illingworth will commence his appointment as ...
Foreign Minister Winston Peters travels to Laos this week to participate in a series of Association of Southeast Asian Nations (ASEAN)-led Ministerial meetings in Vientiane. “ASEAN plays an important role in supporting a peaceful, stable and prosperous Indo-Pacific,” Mr Peters says. “This will be our third visit to ...
Construction of a new mental health facility at Te Nikau Grey Hospital in Greymouth is today one step closer, Mental Health Minister Matt Doocey says. “This $27 million facility shows this Government is delivering on its promise to boost mental health care and improve front line services,” Mr Doocey says. ...
New Zealand is committing nearly $50 million to a package supporting sustainable Pacific fisheries development over the next four years, Foreign Minister Winston Peters and Oceans and Fisheries Minister Shane Jones announced today. “This support consisting of a range of initiatives demonstrates New Zealand’s commitment to assisting our Pacific partners ...
Associate Education Minister David Seymour says proposed changes to the Education and Training Amendment Bill will ensure charter schools have more flexibility to negotiate employment agreements and are equipped with the right teaching resources. “Cabinet has agreed to progress an amendment which means unions will not be able to initiate ...
In response to serious concerns around oversight, overspend and a significant deterioration in financial outlook, the Board of Health New Zealand will be replaced with a Commissioner, Health Minister Dr Shane Reti announced today. “The previous government’s botched health reforms have created significant financial challenges at Health NZ that, without ...
Minister for Space and Science, Innovation and Technology Judith Collins will travel to Adelaide tomorrow for space and science engagements, including speaking at the Australian Space Forum. While there she will also have meetings and visits with a focus on space, biotechnology and innovation. “New Zealand has a thriving space ...
Climate Change Minister Simon Watts will travel to China on Saturday to attend the Ministerial on Climate Action meeting held in Wuhan. “Attending the Ministerial on Climate Action is an opportunity to advocate for New Zealand climate priorities and engage with our key partners on climate action,” Mr Watts says. ...
Oceans and Fisheries Minister Shane Jones is travelling to the Solomon Islands tomorrow for meetings with his counterparts from around the Pacific supporting collective management of the region’s fisheries. The 23rd Pacific Islands Forum Fisheries Committee and the 5th Regional Fisheries Ministers’ Meeting in Honiara from 23 to 26 July ...
The Government today launched the Military Style Academy Pilot at Te Au rere a te Tonga Youth Justice residence in Palmerston North, an important part of the Government’s plan to crackdown on youth crime and getting youth offenders back on track, Minister for Children, Karen Chhour said today. “On the ...
The Government has welcomed news the NZ Transport Agency (NZTA) has begun work to replace nine priority bridges across the country to ensure our state highway network remains resilient, reliable, and efficient for road users, Transport Minister Simeon Brown says.“Increasing productivity and economic growth is a key priority for the ...
Acting Prime Minister David Seymour has been in contact throughout the evening with senior officials who have coordinated a whole of government response to the global IT outage and can provide an update. The Department of the Prime Minister and Cabinet has designated the National Emergency Management Agency as the ...
New Zealand and Japan will continue to step up their shared engagement with the Pacific, Foreign Minister Winston Peters says. “New Zealand and Japan have a strong, shared interest in a free, open and stable Pacific Islands region,” Mr Peters says. “We are pleased to be finding more ways ...
New developments in the heart of North Island forestry country will reinvigorate their communities and boost economic development, Regional Development Minister Shane Jones says. Mr Jones visited Kaingaroa and Kawerau in Bay of Plenty today to open a landmark community centre in the former and a new connecting road in ...
President Adeang, fellow Ministers, honourable Diet Member Horii, Ambassadors, distinguished guests. Minasama, konnichiwa, and good afternoon, everyone. Distinguished guests, it’s a pleasure to be here with you today to talk about New Zealand’s foreign policy reset, the reasons for it, the values that underpin it, and how it ...
Last summer when Matairangi burned, Ginny and Tom stood at the window of their lounge, watching kākā shoot skyward from the burning trees. From the distance, they looked to Ginny like pages torn from books and thrown into a bonfire. It was Tom, voice tight, who told her it was ...
Opinion: The Canadian short story writer Alice Munro – winner of the Nobel Prize in Literature in 2013 – died in May at the age of 92. Her work was about “the damage people inflict on one another in the name of love”, Deborah Treisman wrote in the New Yorker. ...
This month marks two years since the most powerful telescope ever built sent its first pictures back to earth. From its lofty vantage point, beyond the moon in orbit around the sun, the James Webb Space Telescope was tuned to observe the first stars and galaxies being born soon after ...
Comment: After Climate Change Minister Simon Watts’ preview several weeks ago, I had some optimism about the Government’s emissions reduction plan. Now I’ve read the discussion document, that hope has been dashed. How can the Government propose a plan that wants to take New Zealand taxpayers’ hard-earned money, and spend ...
Christopher Luxon: hurdles The little man from National jumps hurdles in his sleep. He’s quite good at it in his dreams and even though the reality doesn’t quite match up you have to give him credit for getting up every morning and crashing into the very first hurdle of the ...
Comment: It was a good two hours into the conversation when Tyrone Marks raised the most basic of questions when I first spoke to him in 2017. “They didn’t explain the things they did to me. They never told me why. And they still haven’t. There’s no explanation for it. ...
Madeleine Chapman rounds out Death Week on The Spinoff with a final recommendation. You can read all of our Death Week coverage here. Nothing forces you to reflect on your life and relationships quite like proximity to death. For those whose nearest and dearest have died, there are reasonably obvious ...
Whitney Greene takes us through her life in television, including the TV character she’d like to plan a funeral for and her cow lung catastrophe on The Traitors NZ. “If the phone rings, I have to answer it,” Whitney Greene from The Traitors NZ warns as we begin our My ...
Maddie Ballard reviews the debut essay collection of Pōneke writer Flora Feltham.In ‘The Raw Material’, the longest essay in Flora Feltham’s dazzling debut collection, the author heads out for a run after hours of weaving and sees the world turn to textile. “Pounding along the Parade, I saw the ...
Andy Christiansen, one half of the experimental rock-pop duo TRiPS, shares the tunes inspiring the band’s perfect weekend and new release. “Good speakers, good food, good music, no distractions”: that’s all you need to enjoy the psychedelic stylings of TRiPS, a new band formed by Fly My Pretties’ Barnaby Weir ...
Celebrating our quadrennial opportunity to become experts in a bunch of sports we never normally watch.The games of the XXXIII Olympiad are upon us. Paris will host this year’s showcase of sporting and athletic prowess, which means some late-night and early-morning viewing for us in Aotearoa.But what sports ...
The photograph is striking and beautiful, but also disturbing – a reminder that my love for John was often entangled in shame.The Sunday Essay is made possible thanks to the support of Creative New Zealand.In the spring of 1980, in Dunedin, shortly before his death, someone took a photograph ...
Get to know Babushka, our latest Dog of the Month. This feature was offered as a reward during our What’s Eating Aotearoa PledgeMe campaign. Thank you to Babu’s humans, Jo and Isabel, for their support. Dog name: Babushka (Babu for short) Age: 2Breed: Border Collie X poodleIf rescued, ...
Pacific Media Watch A Lebanese photojournalist who was severely wounded during an Israeli air strike in south Lebanon carried the Olympic torch in Paris this week in honour of her peers who have been wounded and killed in the field — especially in Gaza and Lebanon. Christina Assi of Agence ...
The first report in a five-part web series focused on the 15th Triennial Conference of Pacific Women taking place in the Marshall Islands this week.SPECIAL REPORT:By Netani Rika in Majuro Women continue to fight for justice 70 years after the first nuclear tests by the United States caused ...
Christopher Luxon has joined with Australia and Canada's leaders in voicing support for US President Joe Biden's ceasefire deal between Israel and Hamas. ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The 2022 election brought the “teal wave” into parliament. The next election will test whether teals, who occupy what were Liberal seats, and other independents can maintain their momentum. Joining us on the Podcast ...
Source: The Conversation (Au and NZ) – By Ian Musgrave, Senior lecturer in Pharmacology, University of Adelaide Pixavri/Shutterstock A major Federal Court class action has been dismissed this week after Justice Michael Lee ruled there was not enough evidence to prove the weedkiller Roundup causes cancer. Plaintiff Kelvin ...
In The Week in Politics: politicians have to decide what to do about child abuse, Health NZ is booked in for major surgery and Darleen Tana returns. ...
Source: The Conversation (Au and NZ) – By Clare Corbould, Associate Professor, Contemporary Histories Research Group, Deakin University Mainstream media are surprisingly muted at the prospect of the world’s most powerful nation being led for the first time by a woman – specifically a woman of colour, Vice President Kamala ...
Source: The Conversation (Au and NZ) – By Rebecca Bennett, PhD Student, Associate Research Fellow, Deakin University Last week, a drone delivery company called Wing (owned by Google’s parent company, Alphabet) started operating in Melbourne. Some 250,000 residents in parts of the city’s eastern suburbs can now order food from ...
Source: The Conversation (Au and NZ) – By Jonathan Foo, Lecturer, Physiotherapy, Monash University pikselstock/Shutterstock In the next 40 years in Australia, it’s predicted the number of Australians aged 65 and over will more than double, while the number of people aged 85 and over will more than triple. ...
Source: The Conversation (Au and NZ) – By Katrina Grant, Research Associate, Power Institute for Arts and Visual Culture, University of Sydney Jonas Åkerström’s 1790 work, Session of the Accademia dell’Arcadia on August 17 1788.Nationalmuseum/Cecilia Heisser Ever wondered whether you’d have a better chance at winning an Olympic gold ...
Source: The Conversation (Au and NZ) – By Alexandra Jones, Program Lead, Food Governance, George Institute for Global Health wavebreakmedia/Shutterstock On Thursday, Australian and New Zealand food ministers at state, federal and national levels met to thrash out what’s next for health star ratings on packaged foods. Now, after ...
The Abuse in Care report found many Pacific survivors lost their connections to their culture and language, resulting in trauma that has been carried from generation to generation. ...
In the regulatory review, ECC intends to suggest that ERO focus on curriculum delivery reviews rather than the Ministry, because it’s not efficient or effective to have two agencies with radically different approaches climbing over each other. ...
Te Rūnanga Nui o Ngā Kura Kaupapa Māori invites the current government to work in partnership with them to develop a pathway forward, including the development of a parallel pathway and meaningful policy and strategy for Kura Kaupapa Māori ...
If you haven’t started watching yet, Tara Ward begs you to reconsider. This is an excerpt from our weekly pop culture newsletter Rec Room. Sign up here. In the world of New Zealand reality television, we have many gems in our crown. There’s the delicious second season of the Celebrity Treasure ...
A new poem by Fiona Kidman. The clothes of the dead I did not keep my mother’s furry red beret for long nor the stringy scarves that adorned the necks of my aunts, although I have kept tag ends of gold, the rings and trinkets they wore, the brooches no ...
The government’s announcement that it will re-open the foreshore and seabed controversy by changing the rules on recognising centuries-old Māori customary title for a third time goes against the rule of law and New Zealand values,” Mr Tipa says. ...
The only published and available best-selling indie book chart in New Zealand is the top 10 sales list recorded every week at Unity Books’ stores in High St, Auckland, and Willis St, Wellington.AUCKLAND1 Lioness by Emily Perkins (Bloomsbury, $25) Roarrrr! Perkins’ brilliant, award-winning, Marian-Keyes anointed, darkly funny, long ...
The 2004 Act vested ownership of the foreshore and seabed in the Crown, extinguishing any Māori claims to ownership and causing widespread outrage and protests among Māori communities. ...
Source: The Conversation (Au and NZ) – By Antje Deckert, Associate Professor (Criminology), Auckland University of Technology Getty Images Despite the connection between institutional harm and gang membership made clear in this week’s mammoth royal commission abuse-in care report, the government seems unlikely to soften its “get tough on ...
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Wall street loves junk. AAA ratings are only good if you want a steady healthy economy but the Wall street banksters don’t care about that. They want bonuses and big bucks. This is what Max Keiser has to say about the down grading of the US.
NZX down 3.33% in the first couple of hours.
Edit: make that 3.99%
Edit: 5.94% and dropping like a stone. Scary …
Only if you still believe that real wealth is created on the NASDAQ, Dow Jones and other stock markets and you still believed you had a chance.
For those of us with a veggie garden it’s neither here nor there. Just paper and digi shit crumbling and the idiots trading in it getting their comeuppance.
I bet John Key got out pretty smartly after he met with Geithner and Bernanke when he visited the US on “our” behalf.
From http://www.nbr.co.nz/article/nz-shares-slide-opening-db-98588
Down Down Down Down
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This is going to be worse than lehman. Expect the NZ sharemarket to drop 30-40% before we hit the bottom this year.
I predict tomorrow will be worse. US will tank tonight and the NZX will follow suit. Our market is reactionary.
SELL SELL SELL!
The best visualization of US debt I have seen: http://usdebt.kleptocracy.us/
The 114.5 Trillion dollar super-skyscraper is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions. It is the money USA knows it will not have to pay all its bills.
If you live in USA this is also your personal credit card bill; you are responsible along with everyone else to pay this back. The citizens of USA created the U.S. Government to serve them, this is what the U.S. Government has done while serving The People.
Bear in mind that USA and NZL have the same credit rating.
Edit: NZX-50 is now down 88 points at 3188 – a fall of 2.69 per cent by 1pm – dead cat bouncing or not quite as bad as Mickeysavage would have us believe?
OK, can someone please explain that all that means?! I have been listening to the BBC all day, listening to economists, and I realise I couldn’t understand a word of it…
My son just asked – “maybe I am missing something, but can’t we just zero it all, and start from scratch?” What am I missing, what are we missing?
“My son just asked – “maybe I am missing something, but can’t we just zero it all, and start from scratch?” What am I missing, what are we missing?”
Yes, we could. The problem is, the people who currently have bank balances with 7+ digits before the decimal point are the ones who make the decisions. They don’t want to make decisions that would cost them money.
Your son is a wise young man. This is what they did in biblical times: The lost tradition of biblical debt cancellations
That’s true, I had forgotten about that… 🙂
🙂
Dean Baker’s view on Standard and Poor’s
http://www.commondreams.org/view/2011/08/06-7
Nice and so true!
MSM are arrogant little fekkkers…apparently we are going to set a lead to the world Share markets because we open first…and they will folllow suite. Yea right.
I see Agriculture Minister David Carter is still getting away with equating foreign investment with foreign land ownership.
The two things are entirely different. Foreign investment can still flow into all manner of business, including farming, without having to own the land beneath. The land beneath must only be owned by the people who live on it. This applies right across the entire globe and has nothing to do with race. In fact David Carter should take note of how the Chinese deal with this issue …. go on Carter, show some intellectual honesty and tell the public why the Chinese don’t let foreigners own their land.
collateral. debt causes repo when government is run by speculators whose ability to ignore consequences when taking profit is highly regarded. Key loves a undervalued asset, and don’t we have a country full of under valued assets! We don’t even tax capital gains because there so hard to make here, funny that, if we valued them enough to tax them we’d get better management who would have to produce better quality decisions to succeed, and so produce more not less capital gain.
funny how the right think haiti is to be admired for its zero taxation economy.
‘intellectual’ and ‘honesty’ are foreign to the National Party.
http://scienceblogs.com/pharyngula/2011/08/anti-matter_in_space.php
Awesome. Though less so if anyone figures out how to make hot dust mini bombs…
Love the guy’s comment at the end. No way we will use this “anti matter” for space travel (as they do in Star Trek), we’ll use it for BOMBS first mwahahahaha….actually they do that in Star Trek too 🙁
More biased reporting from The Herald. On Saturday it reported on Sam Lotu Iiga’s private member’s bill dealing with loansharks and noted Simon Power’s statement that he was inclining towards a legislative crackdown on the industry.
Support from various organisations including the Salvation Army was mentioned.
The article reported that Judith Tizard had four years previously rejected a cap on interest rates that could be charged.
No where in the article did it mention that Labour’s Carol Beaumont has been running an intensive campaign against predatory lending practices. Nor is there mention that her bill the Credit Reforms (Responsible Lending) Bill was voted down by the tories last year. The bill would have capped chargable interest rates with the cap being set by regulation. Interestingly Carol is vying for Sam’s seat of Maungakiekie and has been getting great local support for her bill.
So Mr Herald why did you not mention this? Anyone reading the article would have thought that National is proactively working to deal with the problem yet a year ago they voted against a measure that would have made an important change. Instead of applauding the Governments action one could have concluded that they had engaged in cynical politics of the worst kind.
[Oops Standard can you delete extraneous carriage returns]
[lprent: done. I must get trac running so I can remember what I’m meant to fix…. ]
Yup, we’ve been here before. But given the state of the MSM newsrooms these days it could be that the Herald’s journo’s where still in high school this time last year.
Sneaking their father’s magazines, cutting themselves shaving peach fuzz, sullenly grunting replies to questions.
Poor government has turned NZ into a farming economy, so what a surprise that our yokel PM accepts credit for introducing the same policies as the previous and foreign governments, too force banks to deleverage. We could do so much better, not with Key in charge though.
Gotta love Michael Laws, even when he’s the victim he manages to be an ass claiming someone who knocked veneers out of his mouth ‘hit like a girl’.
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10743672
Actually you don’t gotta love him. But that doesn’t mean anyone should respond to his brand of intolerance with violence. Hope they find his attacker – free speech needs to be free of violent consequences or else we’re all in the crapper.
Laws whines: “It was entirely unprovoked and I had neither exchanged words nor looks with this individual.”
Of course, it was provoked. The assailant would have been provoked by any number of offensive, racist utterances with which Laws has polluted the airwaves.
Maybe the assailant has a handicapped child—Laws frequently makes demeaning comments about handicapped children.
Maybe the assailant has had a sick relative die in a hospice—Laws calls hospices “evil”, and believes all very sick people want to kill themselves.
The only wonder is that it doesn’t happen to Laws every day.
and who says the commentary of the left is never violent?
Nobody I know.
Oh ffs Tighty, I know you’re dense but come on. I wonder why Laws doesn’t get bashed and spat on regularly too.
Doesn’t mean I think it should happen.
Is that simple enough for you to follow, you terribly slow simpleton?
One “TightyRighty” is just a tad bewildered:
who says the commentary of the left is never violent?
I said it’s a wonder it doesn’t happen to Laws more often, not that I think it should happen.
Laws is a bit rich to call his attacker a coward, given that he spends his days sitting in his warm studio slagging off every minority under the sun.
I would love him to go to a state housing estate and tell the people there that they should be sterilised.
Hear, hear!!!
well, mike laws is always going on about taking responsibilty of your own actions, what does he think spouting all that hate crap is going to bring him? must have been a big punch i reckon, though violence does suck.
Substitute ‘NZ Herald’ for ‘National Party Election campaign’ and you’re onto it. The nats’ behaviour on tossing out Beaumont’s private bill for this is typical and oh so easy with the MSM in your pocket.
‘cynical politics of the worst kind…’ yup it’s national, you aint seen nothing yet.
Two ways to handle the Murdoch press
Remember the Murdoch empire? How it seemed to strike fear into the hearts of politicians and anyone else who it chose to target?
1. Here’s a reminder of the power that the Murdoch paper The Australian held over Canberra’s finest last year. Although the ABC Mediawatch programme does a competent job of exposing and commenting on the shamelessly partisan coverage by the Murdoch paper, the default mode seems to be wounded amusement. Rather than anger, the ABC presenter thinks urbanity is enough. Unlike anyone in the ABC or the Labor Party, Greens Senator Bob Brown appears to actually possess a spine…
http://www.abc.net.au/mediawatch/transcripts/s3010433.htm
2. Now look at someone who has the courage and the clarity of mind to actually CONFRONT one of Murdoch’s hitmen….
By the way, SKY (40% owned by Murdoch) is eyeing Mediaworks. http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10743416 SKY has had their eye on Mediaworks for a long time. Anyone fancy Murdoch getting hold of a significant broadcast news outlet here in NZ?
SKY (40% owned by Murdoch) is eyeing Mediaworks.
Good God! That’s truly awe-inspiring news.
Murdoch + Mediaworks = Considerable Evil.
I wonder how much John charges for selling off whatever semblance of independent media coverage we still have.
John Campbell – gone by lunchtime???????
Seriously, I think he’d be no loss! Campbell has traded for too long on being the “excitable left wing boy” he claimed to be in the SST in the 90s, when he’s really been no such thing, for a long time!
I have believed (wrongly as it turns out) that Mediaworks was already Murdoch-owned. What does that say about it?
joyce murdoch
This might be of interest here: Asset sale plan gets tick from academic
Work for who? the economic evidence in this country is that it doesn’t work for small shareholders or the taxpayers in general
I wonder how much John paid him!
No, the evidence is that the rich get richer from state asset sales and everyone else gets poorer. This is economic evidence that it doesn’t work.
Money is ‘future value’ and the invisible hands works better the more people are active economically. So the perverse outcome is wealth falls into fewer and fewer hands,
\funnelled to them by a speculator class who see only the short-term, that has created
massive amounts of money.
Money now that could never be repaid with current assets, as those assets are finite, and much
wealth has been lost turning skill artisans into interchangeable throwable workers.
After a few years of oil price hitting $400 dollars and Energy companies run down by the
free market, you can be sure a government will nationalize them in short order.
The University of Oklahoma? Wouldn’t say a mid western US university ranked at below 400 in the world rankings would have any degree of credibility.
Consider the fact that he is a professor in finance banking and economics – he has a vested interest; also http://www.privatizationbarometer.net his little side project.
Oh, and look who he is visiting – http://www.nzbr.org.nz/Events/CEO+Forums.html
About as impartial as a military consultant saying guns keep people safe!
FFS I have degrees from two in the top 100 and worked as an academic at one in the top 100 for 6 years – shall I tell everyone what I believe works and expect governments and Joe Public to accept this without question?
Pete George….teach you a little trick. When you see people like William Megginson mysteriously appear from Oklahoma you do a quick Google and check out their credentials.
Nice credentials (except having known lots of people who have gained PhDs that does not impress me in the slightest), William is always on one side of the ledger. This lad is a pro-privatiser, always. Which would indicate to me that doubt is not in his mind in the slightest, the truest test of an ideologue.
Next juicy little Google on Billy Boy the privatiser….Roger Kerr is advertising him on his site. QED
….teach you a little trick. When you see people like William Megginson mysteriously appear from Oklahoma you do a quick Google and check out their credentials.
Yeah, I know, I did that.
Jeez Pete, cant you recognise a snake oil salesman when you see one. Your mother probably warned you about these people, you should have listened to her.
Dear PG
I have a $15M oil fortune sitting in an account in Nairobi. Unfortunately I lack the the telegraphic transfer fee of .1% to access it.
If you would be kind enough to forward to my bank account the $15,000 fee I will be able to receive that $15M from Nairobi, immediately.
For your assistance once these funds clear I would gladly refund you your original $15,000 and pay you an additional $15,000 commission.
In 72 hours time I will be able to deposit the full $30,000 with you.
Thank you for your consideration.
[lprent: Please leave the Nigerian scam to the e-mail. I still get variants of this escaping spam filters – so I guess there are still suckers. ]
Yeah right if the assets are sold for there real value an not 1/2 price like Key English are promoting.A country like Singapore doesn’t do it yet has 10 times our economic growth.PG go back to your eco comics .
“the economic evidence is that it does work”
For a small number of wealthy shareholders.
Later on it doesn’t work so well for the overcharged citizenry who end up bailing out a crumbling SOE that’s been asset stripped and hollowed out by endless cuts to wages, services, investment.
The Spoilsmen: How Congress Corrupted Patent Reform
Shouldn’t be surprised I suppose. Today government is of the people, by the rich for the rich and it ain’t getting any better.
What a long article!
I just hope that our MPs don’t fold like a cheap suit on the proposal to ban software patents. It’s in the Bill, we just need them to keep it there.
More biased under-researched repeating from the MSM:
Phil Goff demands action over navy misbehaviour but can’t remember the six army personnel brought back from Afghanistan on Goff’s watch for smoking hashish…
… or the colonel who was courtmartialled on Goff’s watch for abusing duty free privileges …
I think that you have just screwed up your own point by proving that action did happen on Phil Goffs watch?
Mind you, it is rather hard to figure out what your frogging point actually is. Perhaps you should suing yourself for intellectual laziness?
I think the shoe’s on the other foot – Snark has screwed up Goff’s point somewhat
Goff told the Herald he could recall nothing similar during his tenure as Defence Minister between 2005 and 2008.
However six army personnel were pulled out of Afghanistan on Goff’s watch for smoking hashish.
Then there was Colonel Selwyn Heaton, who bought 100 bottles of gin, rum, vodka, whiskey, liqueur and wine and more than 200 packets of cigarettes for a friend just three weeks before his posting was due to end in 2006. Heaton pled guilty at a court martial at Trentham to two charges of bringing discredit to the army.
Here’s a few more crimes and misdemeanours that went down on Goff’s watch : http://www.stuff.co.nz/national/338332
Goff might not have recalled these events but that’s not to say they never happened.
Sounds a bit like an SIS briefing…
Gotta love Robert Jensen. He in a column mentioned the only 3 revolutions that ever counted…the agricultural, the industrial and now the delusional revolution.
The delusional revolution is my term for the development of sophisticated propaganda techniques in the 20th century (especially a highly emotive, image-based advertising/marketing system) that have produced in the bulk of the population (especially in First World societies) a distinctly delusional state of being. Although any person or group can employ these techniques, wealthy individuals and corporations — and their representatives in government — take advantage of their disproportionate share of resources to flood the culture with their stories that reinforce their dominance. Journalism and education, idealized as spaces for rationally based truth-telling, sometimes provide a counter to those propaganda systems, but just as often are co-opted by the powerful forces behind them.
A good read, love the idea that a political revolution is totaly pointless in our current predicament, the status quo will collapse into inneffectivenes anyway as it tries to address issues that are clearly outside of its comprehension.
http://energybulletin.net/stories/2011-08-07/nature-bats-last-notes-revolution-and-resistance-revelation-and-redemption
thanks, that was an excellent read!
Lots of good stuff on http://energybulletin.net enjoy.
ROFL,
Alan Greenspan has the problem to the debt crisis: Crisis? What crisis.
We just print more money!!!
Problem is there is no money to buy the paper or run the presses.
Isnt the printing oil based???????
Nope, it’s a scam.
They create it out of thin air and you borrow it and pay interest with your hard slog.
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” Thomas Jefferson.
heh that would be funny
except the (privately owned) Federal Reserve simply tap the number into a keyboard and electronically credit their own bank account with whatever they choose. An extra $10B, $100B, $1,000B.
Just like that. Takes less than a second.
By the way, its just as well they don’t physically print these quantities of cash that often
http://www.independent.co.uk/news/world/americas/printing-error-produces-a-billion-unusable-100-bills-2154917.html
It’s a pretty wry ROFL though. Greenspan, and plenty of others, are playing a snakey game here.
The downgrade was unusual in that it wasn’t about the US’s ability to pay. Greenspan is right in that if the worst comes to the worse the US can print the money. There is no way that they ‘cannot’ pay the debt, or at least, they are a loooooooong way from being close to a ‘cannot’ pay scenario.
Where they are at though, is close to a ‘won’t pay’ scenario. The risk S&P sees is not economic, it’s political. They point out the debt ceiling argument, and the fact that the GOP flat out refuses to raise taxes, and note that the cuts won’t be anywhere near enough. Greenspans mircale moves won’t happen either, the GOP won’t let them.
What S&P said was basically. If you don’t raise taxes, you won’t be able to pay in the medium term, and we think your political situation is fucked to the point that you won’t raise taxes. You won’t even let the Bush tax cuts expire, which would all but fix the problem all by itself. Ergo, you don’t deserve AAA.
Disagree mildly on just a few of your points.
1) The US AAA rating should have been downgraded at least a year ago when it became obvious that money printing was going to continue unabated. Paying your debt with ever devaluing freshly printed inflationary scrip is considered a technical default in many places.
Technically, the US should have lost its AAA rating when it closed the USD gold window in the 1960’s. That was a true default.
2) US money printing fails even more badly as a solution if the USD loses its status as the reserve currency of the world. This won’t happen in the next 12 months, but the erosion is already obvious. People are trying to trade and store value in anything but the USD.
3) 10 year plus to 30 year treasuries. Can anyone realistically see a US Govt which is spending something like US$3.5T this year but only collecting US$2.2T in tax receipts getting on top of this situation in order to make good on 10 year plus treasuries.
Prediction: blood bath on Wall St this week. They may have a bit of a spike up tomorrow but it will be very very temporary.
Hey CV,
Greenspan already gave the game away: We can print our own money!!! Problem solved. ROFL
What the heck’s happened to Trevor Mallard?
Is the pressure getting to him?
I sure hope he’s got his feelers out in the job market ‘cos his days as cheer leader for the Labour Party would have to be numbered after that plagiarism stunt he pulled across on Red Alert today !
Plagiarism???
Maybe he just used google for 2 seconds and used this website:
http://www.fakeiphonetext.com/
or downloaded the app here:
http://itunes.apple.com/us/app/fake-sms-text-conversation/id350199908?mt=8
to take the piss of the crappy jokes Whaleoil does on his site, which are not original at all (admittedly they were not that funny) . Whale copied the idea from others. Its called a meme.
Here is one I prepared earlier “let me google that for you” because your to lazy or stupid to check yourself.
http://lmgtfy.com/?q=meme
the difference is that Cameron Slater is an unemployed blogger and I’m a nobody – Trev is a front bench parliamentarian and shadow leader of the house with serious aspirations to get his party back into power.
I’m sure that you’re neither too lazy nor too stupid to spot the difference
Cringe-making politics indeed!
Two dickheads (whale and duck) blogging….not much difference!
Look at John key doing the audition for Letterman, sad…
Look at Mallard trying to be funny on a blog, sad…
not much difference. I thought the stuff blog was kind of lame too. Find someone over the age of 20 that doesn’t know that our Tev can be a bit of a tool sometimes.
Stop plagiarising me…
IrishBill’s struggling to see the humor as well
http://thestandard.org.nz/ffs/
“Plagiarism” is MY word. I made it up. Don’t fucking use it again, Bloggs, you’re so unoriginal.
May I hope to see a post on the Standard shredding a quite extraordinary article on Stuff by Tracy Watkins which appeared to be a largely verbatim session of puffery by the Prime Minister explaining how he and his cohorts have saved NZ from Global Financial Crisis II by their amazing sagacity and foresight. One grows accustomed to the fourth estate acting as cheerleaders for the smiley wavy one, but even by the prevailing low standards this was pathetic.Perhaps the next step is for commentary to consist of National Party press releases. Yes, no cause for concern, John and Bill have everything under control.
there was some tag teaming action with Vernon Small
http://www.stuff.co.nz/dominion-post/comment/columnists/vernon-small/5385880/Its-awful-medicine-but-we-need-it
On Radionz this morning they were talking to Benjamin Friedman, USA economist and he said when replying to a question that he wasn’t a political economist. He had a go at the question though. To me that answer is funny because economists seem to know no boundaries in applying their wisdom to any human problem. For instance they have one about human generosity (it’s actually self-serving for one’s own satisfaction and aggrandisement) etc.
Wikipedia rundown for anyone interested. http://en.wikipedia.org/wiki/Benjamin_M._Friedman
I wondered if he was related to the late Milton Friedman but apparently no.
I refreshed myself on Milton’s career and found that he was an advisor to Ronald Reagan. Friedman was against government spending yet we know that while Reagan was President overall government spending went up.
Link for Milton – http://www.grandfather-economic-report.com/friedman.htm
Reagan’s failure to truly reduce taxes for most Americans was mirrored by a failure to restrain government spending. Reagan ran for office in 1980 as a harsh critic of “tax and spend” liberalism, vowing as president to shrink the size of the government by slashing federal spending. Once in office, however, Reagan found it impossible to deliver on his promises. The largest chunk of the federal budget went to pay for Social Security and Medicare, which provide retirement income and health care for the elderly, and which are the two most popular government social programs in American history. While Reagan had long criticized both, he found it politically impossible to dismantle them.
After Social Security and Medicare, the next largest government expense was the military—and Reagan, a staunch Cold Warrior, never considered cutting defense spending and instead increased it substantially. “Defense is not a budget item,” he told planners at the Pentagon. “You spend what you need.”
Another google heading – It only looks different: Both parties love big government | McClatchy http://www.mcclatchydc.com/…/it-only-looks-different-both-... – United States – Cached
5 Mar 2009 – In his eight years, Republican Ronald Reagan increased government spending by 69 percent, led by a 92 percent increase in defense spending .
I guess there is a direct line from this thinking to the free market kerfuffle we have today. Still being blamed on government though.
Link for quote re Reagan as President in italics http://www.shmoop.com/reagan-era/economy.html
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I see that the Tottenham riots sparked by a dodgy police shooting were followed by another night of opportunist looting completely unrelated to the issue in Brixton and elsewhere. Why don’t we have more riots here, I wonder?
Too white, maybe?
RIP Strummer, a decade dead and still more relevant than a million Bonos.
Straw and camel’s back come to mind. Anyways, I just read the the bullet that was lodged in a police radio (the bullet that sparked the shooting of the young man, that sparked the riots) appears to be police issue.
There is an independent police enquiry to take place to ascertain the cause. The police are saying they were shot at, then followed a peaceful march that was hijacked by thugs see the looting and burning that followed. That is the problem with well organized protests they are open to being hijacked. Interesting following news directly as opposed from a nzpa type of summary – same with events in Norway. Vastly different to what gets reported in nz
Joe was a legend, Bono is an arse!
Wonder how many chrillion Stirling and US dlrs the Mr and Mrs Aldgate-Whitechapels of this world have bought in the last six months. Might see them selling them soon and making a tidy profit. It’s so nice being a Mum and Dad and having spare cash to move around the markets.
Just been watching extensive coverage of the tottenham riots from live to current. Interesting to see commentary re senior level govt all being AWOL, and the views that Britain should scale back austerity measures, at the same time that EU countries need to step theirs up not to sure of the logic there. Also that all govts need to operate under balanced budgets and more banks require bailing out (2 nd targeted in France) the more the world changes yet the same issues remain unresolved!!