Fisheries minister Semi Koroilavesau said the Pacific cannot protect its greatest resource through advocacy and action on its own.
"As stewards of the Ocean, our task is to lead, to be a beacon of Blue leadership that inspires the world to turn away from the model of development that harms our ocean and threatens to strip off our life given resources," he said.
Once the government breaks the supermarket duopoly & New Zealand Food & Grocery Council is successful in gaining better conditions for its members. How will we spend the $1/week that we are told is being gouged by the industry. FFS $1/week is going to make any difference to everyone’s financial position. It’s about time even blind govt supporters started to expect REAL action and not some pathetic side issue in distraction.
I expect it is a rough (very) calculation based on the Consumer statement that supermarkets are making excess profits of 1 million per day….there are approx 1.85 million households in NZ.
I am very skeptical of the numbers I have seen on this. Here in Brisbane we do 98% of our grocery shopping at ALDIs. Our average weekly spend to fill a trolley for two of us is $120pw. This is after a recent round of price rises.
Im not sure how they calculated the 'excess' profit, but 120 a week for 2 is slightly less than we spend…maybe by around the exchange rate.
It is probable however food inflation has some way to go given that the inputs to production have yet to work their way through….a lot of the stuff we are eating now will have been contracted some time ago and those contracts will be being reviewed as the new growing season approaches.
Yes they do…and apparently the basket of goods works out cheaper here…that is of course a comparison involving Countdown, the result may be even more favourable if compared to Pak n Save, or worse if compared to New World…..and of course we dont have Aldi.
Reds 120 AUD a week is pretty much our 140 NZD that we spend
Yes …I recall a few years ago Australia had very expensive bananas ($30 kg?) as to protect banana growers in Queensland they dont import and there was crop damage….an issue that will impact more and more markets worldwide as weather patterns become more erratic.
The peak of that coincided with a time when we had lots of Aussies in Queenstown and the local supermarkets did a loss leader on bananas, like a couple of dollars kg. Resulted in some seriously spun out Aussies
Section 3.54: If the average ROACE was 5.5% (our central estimate of WACC), the major grocery retailers’ profits would reduce by approximately $430m per year.101
Footnote 101: If the major grocery retailers’ average ROACE was 6.6% (our higher WACC estimate), their profits would reduce by approximately $365m per year.
Lots of technical stuff on methodology and various approaches to make realistic comparisons, some of which were challenged, of course. However, the take-home message is quite clear. NB this is excess profit, i.e. above and beyond what might be considered ‘reasonable’.
600 odd pages is why I dont know how they arrived at their million a day…..I dont dispute it, indeed it is probably erring on the side of caution and in any case is subjective….like most our concern is the ability to meet the cost and we are fortunate we no longer have to feed a horde of teenagers…my sympathies for those who do is great and solutions few.
‘kay, I’d hoped you could help – it will take me way too long to get my little head around it. From the little I can gather they tried their best to come up with the best-possible and most realistic estimates of excessive profit by making comparisons within NZ and with overseas.
Of course, everything is subjective, but that’s a weird benchmark and yardstick to use in debates like this!?
Life has become a lot more expensive for me too recently and I don’t expect it to level off any time soon. The supermarket profiteering is merely a drop in the ocean but it has been going on many years and unless something is done about it will continue to add to our living costs every day of the week.
Im guessing they took an industry wide margin (possibly international) and applied it to turnover and determined they were operating at a higher margin here….as always there are potential market peculiarities that may be claimed.
Yes the cost of living is becoming increasingly problematic, but as the saying goes the cure for high prices is high prices….eventually something breaks….thats no help of course while we live through it….for some us, again.
3.22 We have compared each of these [three] profitability measures against relevant benchmarks to assess the level of profitability and its persistence over time.
Funny that nobody at the moment seems to be talking much anymore about the housing crisis or the skyrocketing rents.
A lot of the supermarket market share has increased at restricting competition in building complexes such as malls across a broad range of goods.
A lot of ‘mum and dad’ stores had disappeared from shopping malls, she said.
“I used to think they left because of competition. I now realise they've left probably because the supermarket has declined their tenancy.”
Rich said restrictions in some leases had prohibited a range of retailing that went well beyond “core retail grocery”.
“Most New Zealanders would not think a supermarket is something that sells clothing, fashion, luggage, sports and fitness goods, appliances, shoes, computers, insurance, hairdressing services, banking, arts and crafts, or childcare services. But according to this lease, they do.”
The 6000-square-metre property has been sitting vacant for over a decade, with Foodstuffs purchasing the building from Tip Top for $8.25 million in 2009, for “strategic reasons”.
It is not clear whether Foodstuffs planned to develop on the site, but the purchase cramped further development of the neighbouring Countdown supermarket owned by rival company Progressive Enterprises.
"Funny that nobody at the moment seems to be talking much anymore about the housing crisis or the skyrocketing rent"
They are…and it has a much greater impact than even food or energy ….spend some time over at Interest.co and you will find that the economics of housing is the predominant topic of conversation….and for good reason, but it does get repetitive, you can only observe the obvious so many times before you begin to bore even yourself.
Yet the way it has been conveyed in the media and the govt has framed it is that this questionable excess profit will not flow down to the consumer, the suppliers are also after a portion of this. As my original comment the benefits to the consumer are at best nominal. Inflation has been mentioned to add $150/ week to family budgets. And the govt brings out this distraction. Get REAL🤫
Inflation goes up & down. The profiteering has been going on for years and is sucking about $400M out of our pockets each year, give or take. I’d like to this to change and improve and it is something that we/Government can influence and control, global inflation pressures we cannot. This is as REAL as it gets!
There are two of us. One vegetarian. I only eat chicken as the cheapest meat. We go to the open air market for veges (farmers market in NZ is an oxymoron as it’s essentially just artisanal items for the audi set). Our weekly shop is no less than $185. We usually have two of our frozen meals; soups, etc, to pad out the week. Its a false economy as have to buy more the following week to replace the frozen stuff used. It’s ridiculous.
Well we would have GST added to that. 15%, now allowing say 10% =$132 Plus a delivery fee of $20 fortnightly so $284 fortnightly + add wine and cat food to arrive at just over $320. (plus exchange) We do not garden anymore though we cook from scratch, freeze and make bulk meals and freeze bases.
When we stayed in Australia Aldi would save at least a third of our shop costs, and Warehouse Chemist was good for other health needs.
Apparently, according to our son, electricity insurance/Body corps have risen, and petrol has risen sharply.
Mine is $180-$200 p/week.
That includes feeding a growing teen, petfood and cleaning, etc. products as well as food.
Supplemented by $40-$50 at the local greengrocer (I don't like supermarket fruit/veggies – local is better price and better quality); and $20-30 at the bakery (we do like our fresh bread)
The supermarket shop does include some luxuries – could probably cut around $30-40 – or even more if we had to.
Buy mostly at Pak n Save – and reckon I save around $30 each trip, over New World/Countdown. As I buy house brands of most products, and stock up on specials when they have good deals — the sort of budgeting you can afford to do, if you have a reasonable income….
My average supermarket shop has increased by $20-$30 since January this year. And, I simply don't buy some products (not paying $4 for a tiny stalk of broccoli – I'll buy it frozen, instead; wait for cheese on special, rather than paying $20/kg, etc.). There are some really strangely uneven price increases, too: bizarrely, the price of organic chicken was the same as Tegel in my last shop.
Ours is about $300 for 2 including the $50 box of organic local vegetables, the organic retailers for most things, and a bit of New World for cleaning stuff and food and medication for the two 17 year old cats.
And that's with me working south on a big windfarm 1 week out of 2.
Supposedly $400m excess profits, supplies are we are told screwed so wat. Conservatively 1/3 of this going back leaves $270m and there are 5.5m pop in NZ equates to$50/person but that is sorting what the govt is using. Don’t worry it will go the same as the $0.30/l that fuel Coys are making over and above. I wonder when we can expect to see these cost savings?? Eh Prime Minister
Thanks:, Herodotus. So its profits you are saying are $1 per head per week.
My father was a grocer. On some items he had a 6% mark-up, like butter (buy for 1/10 1/2, sell for 2/-). Other goods went for much higher mark-up. That mark-up went towards the profit, and after costs for rent, maintenance, staff wages, lighting, heating, refrigeration, phone, cleaning, tax, spoilage, and theft were deducted, there was the profit.
Let's say 5% of the cost of a sale is pure profit after all deductions, (I have no idea of the actua real figure), then the customer pays x20 the profit and the $1 per week per head becomes, TO THE CUSTOMER, $20 per head per week.
These are all rough figures, but the essence of your claim that it's only a $1 per head per week refers only to the absolute profit and the actual figure is several times that, depending on the ratio of profit to retail price.
Looking through the responses above engendered by your post at #2, the comment by Incognito at 2.1.1.1.1.2 above referring to ROACE might sum up what I've been trying to argue.
Incognito refers to a return on average capital expenditure is 5.5%, very close to my 5% pluck out of the air!
So, say the extra $1 profit for the supermarket comes from a $19 sale, meaning the consumer is paying $19 on a purchase to achieve that ROACE.
[please stop using this site to drop random links with no commentary. You’ve done this enough times now for us to consider it spamming. We have an expectation that people will contribute to debate by using their own words (and those can be backed up with quotes and links). Here’s the test to see if you are spamming. You’re in premod. Next time I see you drop a link like this I will ban you. If you haven’t read this mod note it will tell me that you’re not here to engage. – weka]
Could you wipe all my posts and my name from this site please?
[Why should we? We keep a record, for future reference. People should be allowed to see what comes around and goes around here on TS. You should have thought about your actions before you started spamming the site here with your propaganda links – Incognito]
So this "doing nothing Government" has been "on song" after all. So we will have Workers Associations as well as Business Associations. Well done Labour. This was meant to attach to Sacha’s comment. We just have to get the legislation over the line now.
The term “soft power” has been bandied about recently. China trying to develop their relationships in the Pacific being local examples.
This article from The Guardian gives an explanation of how soft power, over a long period of time, can influence policy. Russian soft power influence in Africa being the example.
You an i both know joe that this war is as much about propaganda as it is about the battles on the ground therefore the messages coming back from the conflict to us are in the main designed to obfuscate the true situations in order to promote one narrative or another and mostly in our neck of the woods that narrative is essentially pro ukrainian in nature so " the russians are losing " the russians are running out of missiles and ammunition " the russians are deserting " etc etc etc
Ive commented on these factors numerous times and ar'nt about to repeat myself further seems to me you"d have to have been living under a rock not to have heard the one about them running out of ammo .
For those wanting an up to date daily analysis Alexander Mercouris is hard to pass up .
You may find Schindler's take enlightening. His politics are far from my own but he's an historian of note who knows his stuff.
For all their defects, which are legion, the Russian military understands the crushing power of gunnery. For centuries, artillery and lots of it, applied on a massive scale to pound the enemy into submission, has been their signature move. Stalin called such gunnery his “God of War,” yet Russian artillery acumen long predates the Bolsheviks.
Sorry to nit pick, also the Red God caused the German Army Centre to spectacularly collapse in 44 & cut off Army Group Nth.
Which also meant that Germans had to abandon Ukraine in the Sth which had a flow on effect with Germany's last remaining Axis Allies in Eastern Europe.
French TV crew at one of the Mariupol region's cemeteries.
Thread.
We visited one of the cemeteries in #Marioupol last week. We saw there thousands of recent graves, surmounted by a number. On this side of the cemetery the numbers went beyond 3000
On most tombs there is only a number written in felt-tip pen and which is already being erased. Who are 768? 739? 442? 834? How did these inhabitants of Mariupol die? Will they be identified? Where are their relatives? Did they survive?
.
Sometimes we can read a name and a first name like that of Janna Dozorets, number 1423, born in 1957 and died in Mariupol on April 14, 2022.
Jane Clare Jones on form 🧵 🧵 on why gender critical feminists have their own politics separate from the right, and calling GC women nazis or accusing them of allying with the right is a massive ignorance.
Sometimes she locks her account overnight. Because gender critical feminists get targeted and harassed for saying things like biological sex matters, and women have a right to their own politics.
That thread is 🔥🔥🔥. Phew! Good summary. A snippet:
7. Who am I protecting?????
The fact you ask this question is gratuitous evidence of your refusal to grant the existence and interests of female people.
I am protecting the rights of female people to:
a) Exist in law as a sex class
b) Organise politically as a sex class
c) Speak the analysis of our own oppression along the axis of sex
d) Have spaces and resources dedicated to our own needs and interests as a sex class
e) Not be redefined in law as a sexist projection and have our needs and interests subjugated to male interests
I am also protectiong:
– Gender non conforming children from being needlessly medicalised
– Same sex oriented people's right to define their sexual orientation
– Lesbian women's sexual boundaries
– Due democratic process and transparency from policy capture by a sex denialist ideology
– The coherence of human meaning from political tyranny
– The functioning of a public sphere in which people are free to express their own perceptions of reality
I think calling GC women Nazis or associating them with the right is another way of avoiding the debate and trying to shut us up. What the left don’t realize is that in misrepresenting us in this way, it fractures and alienates many women from left wing politics where we have experienced solidarity.
The failure of the left and politicians within Labour and Greens not to critique the new gender ideology and pause before accepting and embracing it, leaves me mistrustful of them.
the uncritical acceptance of something referred to as gender identity is utterly baffling to me.
the term was first used by NZder Dr John Money (psychologist). His famous case was with twin boys, one of whom had had his penis irreversibly damaged during a botched circumcism. His suggestion to the parents was to bring this unfortunate child up as a girl. He saw the twins and part of his “therapy” was to get them to enact sex acts together. Both brothers committed suicide as young adults.
Yes, 10 years ago nobody was saying that of course some women have penises. Now we have men jumping on the bandwagon to mansplain who and what we are.https://thecritic.co.uk/mansplaining-womanhood
One need not be particularly incisive to notice Trump did his best to overthrow a valid electoral result.
The Stuff editor that acted to conceal the fact should lose his job – news media are to get the truth out, not to cover up crap like the capital riot. The occupy freaks are part of the same trash – fifty years ago they'd've been done for treason, and a good thing too.
Best turn to CNN for the actual Jan 6 coverage; incisive is not the word springing to mind describing Stuff.
If by occupy freaks you mean the anti-vaxxers not the Occupy lot from 2014, well, I'd have preferred to have seen them shown the respect of any political interest at all. Being a moron isn't yet treasonous.
Any National Party supporters that have purchased National branded tee-shirts will need to return them for a refund if their leader gets his wish of banning gang patches.
Your comment is really uncalled for. To firstly call another political party a gang is not only childish but really shows an increasingly desperate attempt to discredit other parties in a democratic country (it still is, isn't it?). Secondly, to minimize that NZ has become a literally lawless country with gang warfare going down the path like in South America is just pathethic. But then again not a surprise given that the labor government gave millions to the Mongrel Mob for drug prevention treatment. Oh well, that helped…sarc
Secondly, to minimize that NZ has become a literally lawless country with gang warfare going down the path like in South America is just pathethic. But then again not a surprise given that the labor government gave millions to the Mongrel Mob for drug prevention treatment. Oh well, that helped…sarc
Never let the facts get in the way of a good rant laden with hyperbole and BS. The irony of your own desperate childish comment is obviously lost on you.
But thanks for bringing up that very successful investment in that Mongrel Mob-run drug rehab programme in Central Hawke’s Bay. I’d say it has exceeded expectations in a positive sense.
A Mongrel Mob-run drug rehab programme in Central Hawke’s Bay is not only getting men off meth, it is getting them off “the intergenerational treadmill”.
I think you need to ask every taxpayer for that – the polls right now do not show that wide support you espouse. Drugs and related crime is connected to gangs, always has. I don't believe that there are exceptions. And perhaps you need to talk to the families of those who are affected by these drive by shootings etc. and tell them that all of that is hyperbole. Ignorance is not bliss in that instance. And there is absolutely no excuse for it. no matter whose party, group etc. anybody belongs to.
I'd happily hold that bonfire of gang patches. Hell I'd invite everyone to Eden Park for it. Doesn't matter that it would make no difference to membership. The social contract has long broken with this government and Police and it will take a few theatrical moves to bring it back.
People get so worried about looking to Australia for models of policing about gangs. Both National and Labour are doing it already.
A reporter who has covered gang violence for 15 years is clear that this is the worst he has seen it. It's quite unprecedented in West Auckland since 2020.
Tough new laws to hit organised crime including bikies
Wednesday, 8 December 2021
The Criminal Law (Unlawful Consorting and Prohibited Insignia) Bill 2021 has passed through Parliament
New crime of consorting contrary to an unlawful consorting notice will attract a maximum five-year jail term
New offence of displaying insignia of an identified organisation in a public place will attract a maximum 12 month jail term and fines of up to $12,000 or $60,000 for corporations
New offence of consorting contrary to a dispersal notice will attract a maximum 12 month jail term and $12,000 fine
Police now have the power to target individuals involved in serious and organised crime and disrupt their activities by banning them from associating with one another and wearing their patches.
Police will also have improved powers to prohibit consorting between convicted child sex offenders to better protect the community from the risk of future offending.
Tough new consorting and insignia laws have passed through State Parliament, making Western Australia the toughest jurisdiction for offenders and criminal organisations like outlaw bikie gangs to operate or expand their criminal activities.
The robust, fair and efficient laws give WA Police unprecedented powers to disrupt and restrict serious and organised crime through the introduction of three key reforms:
the prevention of unlawful consorting between offenders;
the prohibition of displaying insignia of identified organisations in public; and
powers to disperse gang members who gather together in public places.
Under the new crackdown, WA Police can issue an unlawful consorting notice on an offender, which prohibits the association with other offenders named in the notice for three years. If the notice is breached on two or more occasions, the offender may be charged and sentenced to a maximum of five years imprisonment.
The legislation identifies 46 organisations from across Australia and prohibits the display of their insignia in a public place. An insignia removal notice scheme will enable WA Police to issue a notice requiring the removal or modification of insignia that is being displayed in a public place. WA Police will have the power to remove or modify the insignia for failure to comply.
Finally, a dispersal notice scheme will give WA Police the power to issue and enforce dispersal notices with the intention of disrupting and restricting consorting between members of identified organisations occurring in a public place. A dispersal notice will prohibit a person from socialising with persons named in the notice for a period of seven days, with a breach attracting a 12 month prison sentence and a fine of $12,000.
The proposed laws include explicit safeguards, including oversight from the Ombudsman, to ensure that the new police powers are used appropriately and marginalised people in the community are not unfairly penalised.
I searched on that but not a lot to report that isn't behind a paywall. There do seem to have been a dozen or so arrests and charges brought using the new legislation.
This kind of legislation should not be measured in terms of Court appearances. It is best considered a tool that works best as a deterrent – like nuclear weapons best never used. But as with Ukraine, you find out what happens when you don't have them.
The conspiracy theory that Donald Trump won the 2020 presidential election, is what fuels his campaign to return to office.
If anyone can, Ivanka Trump, the ultimate insider in the Trump camp, may have the ability to kill this conspiracy off, or at least marginalise its supporters within the Republican Party hierarchy, pretty much ending Trump's chances of being selected as the Republican presidential candidate.
In my opinion Ivanka Trump's testimony has yet to have its full impact.
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..Thanks for reading Frankly Speaking ! Subscribe for free to receive new posts and support my work.As far as major government announcements go, a Three Ministers Event is Big. It can signify a major policy development or something has gone Very Well, or an absolute Clusterf**k. When Three Ministers assemble ...
One of those blasts from the past. Peter Dunne – originally neoliberal Labour, then leader of various parties that sought to work with both big parties (generally National) – has taken to calling ...
Completed reads for January: I Am Legend, by Richard Matheson The Black Spider, by Jeremias Gotthelf The Spider and the Fly (poem), by Mary Howitt A Noiseless Patient Spider (poem), by Walt Whitman August Heat, by W.F. Harvey Charlotte’s Web, by E.B. White The Shrinking Man, by Richard Matheson ...
Do its Property Right Provisions Make Sense?Last week I pointed out that it is uninformed to argue that the New Zealand’s apparently poor economic performance can be traced only to poor regulations. Even were there evidence they had some impact, there are other factors. Of course, we should seek to ...
Richard Wagstaff It was incredibly jarring to hear the hubris from the Prime Minister during his recent state of the nation address. I had just spent close to a week working though the stories and thoughts shared with us by nearly 2000 working people as part of our annual Mood ...
Odd fact about the Broadcasting Standards Authority: for the last few years, they’ve only been upholding about 5% of complaints. Why? I think there’s a range of reasons. Generally responsible broadcasters. Dumb complaints. Complaints brought under the wrong standard. Greater adherence to broadcasters’ rights to freedom of expression in the ...
And I said, "Mama, mama, mama, why am I so alone"'Cause I can't go outside, I'm scared I might not make it homeWell I'm alive, I'm alive, but I'm sinking inIf there's anyone at home at your place, darlingWhy don't you invite me in?Don't try to feed me'Cause I've been ...
Climate Change Minister Simon Watts’ star is on the rise, having just added the Energy, Local Government and Revenue portfolios to his responsibilities - but there is nothing ambitious about the Government’s new climate targets. Photo: SuppliedLong stories short, the top six things in our political economy around housing, climate ...
It may have been a short week but there’s been no shortage of things that caught our attention. Here is some of the most interesting. This week in Greater Auckland On Tuesday Matt took a look at public transport ridership in 2024 On Thursday Connor asked some questions ...
The East Is Red: Journalists and commentators are referring to the sudden and disruptive arrival of DeepSeek as a second “Sputnik moment”. (Sputnik being the name given by the godless communists of the Soviet Union to the world’s first artificial satellite which, to the consternation and dismay of the Americans, ...
Hi,Back on inauguration day we launched a ridiculous RFK Jr. “brain worms” tee on the Webworm store, and I told you I’d be throwing my profits over to Mutual Aid LA and Rainbow Youth New Zealand. Just to show I am not full of shit, here are the receipts. I ...
The podcast above of the weekly ‘Hoon’ webinar for paying subscribers on Thursday night features co-hosts & talking about the week’s news with regular and special guests, including: on the week in geopolitics, including the latest from Donald Trump over Gaza and Ukraine.Health expert and author David Galler ...
In an uncompromising paper Treasury has basically told the Government that its plan for a third medical school at Waikato University is a waste of money. Furthermore, the country cannot afford it. That advice was released this week by the Treasury under the Official Information Act. And it comes as ...
Back in November, He Pou a Rangi provided the government with formal advice on the domestic contribution to our next Paris target. Not what the target should be, but what we could realistically achieve, by domestic action alone, without resorting to offshore mitigation. Their answer was startling: depending on exactly ...
Photo by Mauricio Fanfa on UnsplashKia oraCome and join us for our weekly ‘Hoon’ webinar with paying subscribers to The Kākā for an hour at 5 pm today.Jump on this link on YouTube Livestream for our chat about the week’s news with myself , plus regular guest David Patman and ...
I don't like to spend all my time complaining about our government, so let me complain about the media first.Senior journalistic Herald person Thomas Coughlan reported that Treasury replied yeah nah, wrong bro to Luxon's claim that our benighted little country has been in recession for three years.His excitement rose ...
Back in 2022, when the government was consulting internally about proactive release of cabinet papers, the SIS opposed it. The basis of their opposition was the "mosaic effect" - people being able to piece together individual pieces of innocuous public information in a way which supposedly harms "national security" (effectively: ...
With The Stroke Of A Pen:Populism, especially right-wing populism, invests all the power of an electoral/parliamentary majority in a single political leader because it no longer trusts the bona fides of the sprawling political class among whom power is traditionally dispersed. Populism eschews traditional politics, because, among populists, traditional politics ...
I’ve spent the last week writing a fairly substantial review of a recent book (“Australia’s Pandemic Exceptionalism: How we crushed the curve but lost the race”) by a couple of Australian academic economists on Australia’s pandemic policies and experiences. For all its limitations, there isn’t anything similar in New Zealand. ...
Mr Mojo Rising: Economic growth is possible, Christopher Luxon reassures us, but only under a government that is willing to get out of the way and let those with drive and ambition get on with it.ABOUT TWELVE KILOMETRES from the farm on the North Otago coast where I grew up stands ...
You're nearly a good laughAlmost a jokerWith your head down in the pig binSaying, 'Keep on digging.'Pig stain on your fat chinWhat do you hope to findDown in the pig mine?You're nearly a laughYou're nearly a laughBut you're really a crySongwriter: Roger Waters.NZ First - Kiwi Battlers.Say what you like ...
This is a re-post from the Climate Brink by Andrew Dessler Climate denial is dead. Renewable energy denial is here. As “alternative facts” become the norm, it’s worth looking at what actual facts tell us about how renewable energy sources like solar and wind are lowering the price of electricity. As ...
SIR GEOFFREY PALMER is worried about democracy. In his Newsroom website post of 27 January 2025 he asserts that “the future of democracy across the world now seems to be in question.” Following a year of important electoral contests across the world, culminating in Donald Trump’s emphatic recapture of the ...
The Government hasn’t stopped talking about growth since the Prime Minister made his “yes” speech at the Auckland Chamber of Commerce last week. But so far, the measures announced would seem hardly likely to suddenly pitch New Zealand into the fast-growth East Asian league. The digital nomad announcement hardly deserved ...
It's election year for Wellington City Council and for the Regional Council. What have the progressive councillors achieved over the last couple of years. What were the blocks and failures? What's with the targeting of the mayor and city council by the Post and by central government? Why does the ...
Someone defames you anonymously online. Can you find out who it is? Maybe. There are legal avenues to seek a court order that an internet host reveal the identity of the person. One of them is called a Norwich Pharmacal order, but as Hugh Tomlinson KC points out, it only ...
The results of the 2025 Mood of the Workforce survey have been released, with working people revealing deep concerns regarding their work lives, housing, health care, and perceptions of the coalition government in Aotearoa New Zealand.Christopher Luxon has signalled that National may campaign on asset sales in the next election, ...
Hey, hey, heyJust think, while you've been gettin' down and out about the liarsAnd the dirty, dirty cheats of the worldYou could've been gettin' down to this sick beatSongwriters: Taylor Swift / Shellback / Martin Max. Read more ...
Luxon has once again let National’s junior coalition partner, ACT, set the political agenda, dragging him and National into another politically draining debate. Photo: Lynn Grieveson / The KākāLong stories short, the top six things in our political economy around housing, climate and poverty on Wednesday, January 29 are:PM Christopher ...
..Thanks for reading Frankly Speaking ! Subscribe for free to receive new posts and support my work.Fresh from the maelstrom surrounding the Treaty Principles Bill, and before fury and dust from that toxic piece of rubbish has settled, Act Leader, David Seymour has launched a new narrative into the public ...
Note: This video featuring speakers such as Finlayson, Waring, Kelsey and Little is a long one - 35 minutes. In the first 9 of 80 hours that the Justice Select Committee will spend on Treaty Principles Bill public hearings1, from a smidgeon of the 343,000 record submissions2, in a months ...
When I created a Youtube channel, I labelled the playlist for National: “National Privatize NZ Party”.Now, why did I do that?It’s late and my brain isn’t working at full capacity, so my off the cuff answer is - 1. I follow far too much of this Government’s statements, actions, and ...
The latest unemployment figures reveal that job losses are hitting Māori and Pacific people especially hard, with Māori unemployment reaching a staggering 9.7% for the December 2024 quarter and Pasifika unemployment reaching 10.5%. ...
Waitangi 2025: Waitangi Day must be community and not politically driven - Shane Jones Our originating document, theTreaty of Waitangi, was signed on February 6, 1840. An agreement between Māori and the British Crown. Initially inked by Ngā Puhi in Waitangi, further signatures were added as it travelled south. ...
Despite being confronted every day with people in genuine need being stopped from accessing emergency housing – National still won’t commit to building more public houses. ...
The Green Party says the Government is giving up on growing the country’s public housing stock, despite overwhelming evidence that we need more affordable houses to solve the housing crisis. ...
Before any thoughts of the New Year and what lies ahead could even be contemplated, New Zealand reeled with the tragedy of Senior Sergeant Lyn Fleming losing her life. For over 38 years she had faithfully served as a front-line Police officer. Working alongside her was Senior Sergeant Adam Ramsay ...
Green Party co-leader Marama Davidson will return to politics at Waitangi on Monday the 3rd of February where she will hold a stand up with fellow co-leader Chlöe Swarbrick. ...
Te Pāti Māori is appalled by the government's blatant mishandling of the school lunch programme. David Seymour’s ‘cost-saving’ measures have left tamariki across Aotearoa with unidentifiable meals, causing distress and outrage among parents and communities alike. “What’s the difference between providing inedible food, and providing no food at all?” Said ...
The Government is doubling down on outdated and volatile fossil fuels, showing how shortsighted and destructive their policies are for working New Zealanders. ...
Green Party MP Steve Abel this morning joined Coromandel locals in Waihi to condemn new mining plans announced by Shane Jones in the pit of the town’s Australian-owned Gold mine. ...
The Green Party is calling on the Government to strengthen its just-announced 2030-2035 Nationally Determined Contribution (NDC) under the Paris Agreement and address its woeful lack of commitment to climate security. ...
Today marks a historic moment for Taranaki iwi with the passing of the Te Pire Whakatupua mō Te Kāhui Tupua/Taranaki Maunga Collective Redress Bill in Parliament. "Today, we stand together as descendants of Taranaki, and our tūpuna, Taranaki Maunga, is now formally acknowledged by the law as a living tūpuna. ...
Labour is relieved to see Children’s Minister Karen Chhour has woken up to reality and reversed her government’s terrible decisions to cut funding from frontline service providers – temporarily. ...
It is the first week of David Seymour’s school lunch programme and already social media reports are circulating of revolting meals, late deliveries, and mislabelled packaging. ...
The Green Party says that with no-cause evictions returning from today, the move to allow landlords to end tenancies without reason plunges renters, and particularly families who rent, into insecurity and stress. ...
The Government’s move to increase speed limits substantially on dozens of stretches of rural and often undivided highways will result in more serious harm. ...
In her first announcement as Economic Growth Minister, Nicola Willis chose to loosen restrictions for digital nomads from other countries, rather than focus on everyday Kiwis. ...
The Green Party is calling on the Government to stand firm and work with allies to progress climate action as Donald Trump signals his intent to pull out of the Paris Climate Accords once again. ...
The Government’s commitment to get New Zealand’s roads back on track is delivering strong results, with around 98 per cent of potholes on state highways repaired within 24 hours of identification every month since targets were introduced, Transport Minister Chris Bishop says. “Increasing productivity to help rebuild our economy is ...
The former Cadbury factory will be the site of the Inpatient Building for the new Dunedin Hospital and Health Minister Simeon Brown says actions have been taken to get the cost overruns under control. “Today I am giving the people of Dunedin certainty that we will build the new Dunedin ...
From today, Plunket in Whāngarei will be offering childhood immunisations – the first of up to 27 sites nationwide, Health Minister Simeon Brown says. The investment of $1 million into the pilot, announced in October 2024, was made possible due to the Government’s record $16.68 billion investment in health. It ...
New Zealand’s strong commitment to the rights of disabled people has continued with the response to an important United Nations report, Disability Issues Minister Louise Upston has announced. Of the 63 concluding observations of the United Nations Convention on the Rights of Persons with Disabilities (UNCRPD), 47 will be progressed ...
Resources Minister Shane Jones has launched New Zealand’s national Minerals Strategy and Critical Minerals List, documents that lay a strategic and enduring path for the mineral sector, with the aim of doubling exports to $3 billion by 2035. Mr Jones released the documents, which present the Coalition Government’s transformative vision ...
Firstly I want to thank OceanaGold for hosting our event today. Your operation at Waihi is impressive. I want to acknowledge local MP Scott Simpson, local government dignitaries, community stakeholders and all of you who have gathered here today. It’s a privilege to welcome you to the launch of the ...
Racing Minister, Winston Peters has announced the Government is preparing public consultation on GST policy proposals which would make the New Zealand racing industry more competitive. “The racing industry makes an important economic contribution. New Zealand thoroughbreds are in demand overseas as racehorses and for breeding. The domestic thoroughbred industry ...
Business confidence remains very high and shows the economy is on track to improve, Economic Growth Minister Nicola Willis says. “The latest ANZ Business Outlook survey, released yesterday, shows business confidence and expected own activity are ‘still both very high’.” The survey reports business confidence fell eight points to +54 ...
Enabling works have begun this week on an expanded radiology unit at Hawke’s Bay Fallen Soldiers’ Memorial Hospital which will double CT scanning capacity in Hawke’s Bay to ensure more locals can benefit from access to timely, quality healthcare, Health Minister Simeon Brown says. This investment of $29.3m in the ...
The Government has today announced New Zealand’s second international climate target under the Paris Agreement, Climate Change Minister Simon Watts says. New Zealand will reduce emissions by 51 to 55 per cent compared to 2005 levels, by 2035. “We have worked hard to set a target that is both ambitious ...
Nine years of negotiations between the Crown and iwi of Taranaki have concluded following Te Pire Whakatupua mō Te Kāhui Tupua/the Taranaki Maunga Collective Redress Bill passing its third reading in Parliament today, Treaty Negotiations Minister Paul Goldsmith says. “This Bill addresses the historical grievances endured by the eight iwi ...
As schools start back for 2025, there will be a relentless focus on teaching the basics brilliantly so all Kiwi kids grow up with the knowledge, skills and competencies needed to grow the New Zealand of the future, Education Minister Erica Stanford says. “A world-leading education system is a key ...
Housing Minister Chris Bishop and Associate Agriculture Minister Mark Patterson have welcomed Kāinga Ora’s decision to re-open its tender for carpets to allow wool carpet suppliers to bid. “In 2024 Kāinga Ora issued requests for tender (RFTs) seeking bids from suppliers to carpet their properties,” Mr Bishop says. “As part ...
Associate Education Minister David Seymour has today visited Otahuhu College where the new school lunch programme has served up healthy lunches to students in the first days of the school year. “As schools open in 2025, the programme will deliver nutritious meals to around 242,000 students, every school day. On ...
Minister for Children Karen Chhour has intervened in Oranga Tamariki’s review of social service provider contracts to ensure Barnardos can continue to deliver its 0800 What’s Up hotline. “When I found out about the potential impact to this service, I asked Oranga Tamariki for an explanation. Based on the information ...
A bill to make revenue collection on imported and exported goods fairer and more effective had its first reading in Parliament, Customs Minister Casey Costello said today. “The Customs (Levies and Other Matters) Amendment Bill modernises the way in which Customs can recover the costs of services that are needed ...
Minister of Internal Affairs Brooke van Velden says the Department of Internal Affairs [the Department] has achieved significant progress in completing applications for New Zealand citizenship. “December 2024 saw the Department complete 5,661 citizenship applications, the most for any month in 2024. This is a 54 per cent increase compared ...
Reversals to Labour’s blanket speed limit reductions begin tonight and will be in place by 1 July, says Minister of Transport Chris Bishop. “The previous government was obsessed with slowing New Zealanders down by imposing illogical and untargeted speed limit reductions on state highways and local roads. “National campaigned on ...
Finance Minister Nicola Willis has announced Budget 2025 – the Growth Budget - will be delivered on Thursday 22 May. “This year’s Budget will drive forward the Government’s plan to grow our economy to improve the incomes of New Zealanders now and in the years ahead. “Budget 2025 will build ...
For the Government, 2025 will bring a relentless focus on unleashing the growth we need to lift incomes, strengthen local businesses and create opportunity. Prime Minister Christopher Luxon today laid out the Government’s growth agenda in his Statement to Parliament. “Just over a year ago this Government was elected by ...
Associate Education Minister David Seymour welcomes students back to school with a call to raise attendance from last year. “The Government encourages all students to attend school every day because there is a clear connection between being present at school and setting yourself up for a bright future,” says Mr ...
The Government is relaxing visitor visa requirements to allow tourists to work remotely while visiting New Zealand, Economic Growth Minister Nicola Willis, Immigration Minister Erica Stanford and Tourism Minister Louise Upston say. “The change is part of the Government’s plan to unlock New Zealand’s potential by shifting the country onto ...
The opening of Kāinga Ora’s development of 134 homes in Epuni, Lower Hutt will provide much-needed social housing for Hutt families, Housing Minister Chris Bishop says. “I’ve been a strong advocate for social housing on Kāinga Ora’s Epuni site ever since the old earthquake-prone housing was demolished in 2015. I ...
Trade and Investment Minister Todd McClay will travel to Australia today for meetings with Australian Trade Minister, Senator Don Farrell, and the Australia New Zealand Leadership Forum (ANZLF). Mr McClay recently hosted Minister Farrell in Rotorua for the annual Closer Economic Relations (CER) Trade Ministers’ meeting, where ANZLF presented on ...
A new monthly podiatry clinic has been launched today in Wairoa and will bring a much-needed service closer to home for the Wairoa community, Health Minister Simeon Brown says.“Health New Zealand has been successful in securing a podiatrist until the end of June this year to meet the needs of ...
The Judicial Conduct Commissioner has recommended a Judicial Conduct Panel be established to inquire into and report on the alleged conduct of acting District Court Judge Ema Aitken in an incident last November, Attorney-General Judith Collins said today. “I referred the matter of Judge Aitken’s alleged conduct during an incident ...
Students who need extra help with maths are set to benefit from a targeted acceleration programme that will give them more confidence in the classroom, Education Minister Erica Stanford says. “Last year, significant numbers of students did not meet the foundational literacy and numeracy level required to gain NCEA. To ...
Foreign Affairs Minister Winston Peters has announced three new diplomatic appointments. “Our diplomats play an important role in ensuring New Zealand’s interests are maintained and enhanced across the world,” Mr Peters says. “It is a pleasure to announce the appointment of these senior diplomats from the Ministry of Foreign Affairs and ...
Ki te kahore he whakakitenga, ka ngaro te Iwi – without a vision, the people will perish. The Government has achieved its target to reduce the number of households in emergency housing motels by 75 per cent five years early, Associate Housing Minister Tama Potaka says. The number of households ...
The opening of Palmerston North’s biggest social housing development will have a significant impact for whānau in need of safe, warm, dry housing, Associate Housing Minister Tama Potaka says. The minister visited the development today at North Street where a total of 50 two, three, and four-bedroom homes plus a ...
Foreign Minister Winston Peters has announced the new membership of the Public Advisory Committee on Disarmament and Arms Control (PACDAC), who will serve for a three-year term. “The Committee brings together wide-ranging expertise relevant to disarmament. We have made six new appointments to the Committee and reappointed two existing members ...
Ka nui te mihi kia koutou. Kia ora, good morning, talofa, malo e lelei, bula vinaka, da jia hao, namaste, sat sri akal, assalamu alaikum. It’s so great to be here and I’m ready and pumped for 2025. Can I start by acknowledging: Simon Bridges – CEO of the Auckland ...
The Government has unveiled a bold new initiative to position New Zealand as a premier destination for foreign direct investment (FDI) that will create higher paying jobs and grow the economy. “Invest New Zealand will streamline the investment process and provide tailored support to foreign investors, to increase capital investment ...
Science, Innovation and Technology Minister Judith Collins today announced the largest reset of the New Zealand science system in more than 30 years with reforms which will boost the economy and benefit the sector. “The reforms will maximise the value of the $1.2 billion in government funding that goes into ...
Turbocharging New Zealand’s economic growth is the key to brighter days ahead for all Kiwis, Prime Minister Christopher Luxon says. In the Prime Minister’s State of the Nation Speech in Auckland today, Christopher Luxon laid out the path to the prosperity that will affect all aspects of New Zealanders’ lives. ...
The latest set of accounts show the Government has successfully checked the runaway growth of public spending, Finance Minister Nicola Willis says. “In the previous government’s final five months in office, public spending was almost 10 per cent higher than for the same period the previous year. “That is completely ...
The Government’s welfare reforms are delivering results with the number of people moving off benefits into work increasing year-on-year for six straight months. “There are positive signs that our welfare reset and the return consequences for job seekers who don't fulfil their obligations to prepare for or find a job ...
Jon Kroll and Aimee McCammon have been appointed to the New Zealand Film Commission Board, Arts Minister Paul Goldsmith says. “I am delighted to appoint these two new board members who will bring a wealth of industry, governance, and commercial experience to the Film Commission. “Jon Kroll has been an ...
Finance Minister Nicola Willis has hailed a drop in the domestic component of inflation, saying it increases the prospect of mortgage rate reductions and a lower cost of living for Kiwi households. Stats NZ reported today that inflation was 2.2 per cent in the year to December, the second consecutive ...
Two new appointed members and one reappointed member of the Employment Relations Authority have been announced by Workplace Relations and Safety Minister Brooke van Velden today. “I’m pleased to announce the new appointed members Helen van Druten and Matthew Piper to the Employment Relations Authority (ERA) and welcome them to ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The battle to contain antisemitism in Australia finds both sides of politics embracing measures they’d otherwise abhor. Spectacularly, the government capitulated this week to include mandatory minimum sentences of between one and six years ...
Source: The Conversation (Au and NZ) – By Henry Cutler, Professor and Director, Macquarie University Centre for the Health Economy, Macquarie University This week, the federal government announced it will pay states and territories an extra, one-off, A$1.7 billion for public hospitals. This has been billed as a way ...
From the dawn ceremony to the numerous local performances and powerful words, Waitangi Day 2025 was one to remember, but a highlight would have to be the record turn-out of waka. ...
Source: The Conversation (Au and NZ) – By Joshua Black, Visitor, School of History, Australian National University The Albanese government is trying once more to legislate wide-ranging changes to the way federal elections are administered. The 200-page Electoral Reform Bill, if passed, would transform the electoral donation rules by ...
Source: The Conversation (Au and NZ) – By Lorana Bartels, Professor of Criminology, Australian National University Shutterstock Weeks after Opposition Leader Peter Dutton announced his support for mandatory minimum jail terms for antisemitic offences, the government has legislated such laws. Minister for Home Affairs Tony Burke stated the federal ...
Source: The Conversation (Au and NZ) – By Moninya Roughan, Professor in Oceanography, UNSW Sydney Australia’s sea surface temperatures were the warmest on record last year, according to a snapshot of the nation’s climate which underscores the perilous state of the world’s oceans. The Bureau of Meteorology on Thursday released ...
Source: The Conversation (Au and NZ) – By Amanda Meyer, Senior Lecturer, Anatomy and Pathology, James Cook University A common anatomical variation is being born with more than ten fingers or more than ten toes. Former Doctor Who actor David Tennant this week confirmed he has 11 toes. He says ...
Source: The Conversation (Au and NZ) – By Mandy Hagstrom, Senior Lecturer, Exercise Physiology. School of Health Sciences, UNSW Sydney Sokirlov/Shutterstock Callisthenics is a type of training where you do bodyweight exercises to build strength. It’s versatile, low cost, and easy to start. Classic callisthenics moves include: ...
The Mood of the Workforce survey, conducted annually by the New Zealand Council of Trade Unions Te Kauae Kaimahi, lays bare the brutal reality of life under capitalism in Aotearoa New Zealand. ...
Some aspects of next year’s Waitangi commemorations could be moved back down to Te Tii Marae, with both political leaders and Māori leaders saying the lower marae is an appropriate place for political debates.Waitangi Treaty Grounds Trust chair Pita Tipene said he supported moving some aspects of Waitangi week commemorations ...
Inundated with end-of-year lists, we all had big plans to do a lot of reading-for-pleasure over the holidays. Here’s what we ended up reading. Despite the gazillion end-of-year reading lists and recommendations for the very latest books, summer is often a time for reading wildly. Whether it’s finally pulling a ...
How do I deal with the fact my own flesh and blood would rather listen to Mumford & Sons than Talking Heads? Want Hera’s help? Email your problem to helpme@thespinoff.co.nzKia ora!As a recovering music snob who once preferred the bands’ older stuff, hated “mainstream music” and actively avoided ...
Source: The Conversation (Au and NZ) – By Milad Haghani, Associate Professor & Principal Fellow in Urban Risk & Resilience, The University of Melbourne Edward Lorenz’s mathematical weather model showed solutions with a butterfly-like shape.Wikimol In 1972, the US meteorologist Edward Lorenz asked a now-famous question: Does the ...
Source: The Conversation (Au and NZ) – By Fan Yang, Research fellow at Melbourne Law School, the University of Melbourne and the ARC Centre of Excellence for Automated Decision-Making and Society., The University of Melbourne Shutterstock Migrants in Australia often encounter disinformation targeting their communities. However, disinformation circulated in ...
Source: The Conversation (Au and NZ) – By Anna Lintern, Senior Lecturer in Civil Engineering, specialising in water quality, Monash University Polluted runoff is still smothering the Great Barrier Reef, our first national assessment of water quality trends in Australian rivers has revealed. The problem on the reef is getting ...
Comment: As a parent approaching the first ‘back to school’ week with my oldest child, the end of summer break is bittersweet.It’s safe to say my partner and I are relieved we won’t parenting 24/7, but with our kids getting back ‘out there’, I know they, along with the thousands ...
A year after the Treaty principles bill was first debated on the Treaty Grounds, mana whenua are now turning their backs to David Seymour.Our Waitangi 2025 coverage is possible because of the 13,000-plus Spinoff members who regularly pay to support our work. If you aren’t a member yet, now is the time. ...
Treaty of Waitangi negotiations minister Paul Goldsmith is eager to see a Ngāpuhi settlement, as are leaders from within the iwi. What’s stopping progress? Our Waitangi 2025 coverage is possible because of the 13,000-plus Spinoff members who regularly pay to support our work. If you aren’t a member yet, now is ...
Six years ago, most New Zealanders assumed the state’s practice of uplifting children from their families and placing them in foster care was almost always justified.It seemed unimaginable our child welfare agency, Oranga Tamariki, would remove a mother’s baby without good reason.But that all changed on June 6, 2019, when ...
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New Zealand is now a real force in ice swimming after team members returned from the sixth ice swimming world championships with four world titles and six world records.Per capita, New Zealand was top of the open medal table after being off the podium two years ago. The Frozen Ferns, the ...
Brian Turner has died. A major New Zealand author, primarily as a poet of the Otago landscape but also as a sometimes intensely argumentative essayist with a very real loathing of forces and people wishing to destroy the Otago landscape, Turner died yesterday morning, at sunrise, after a heart attack. ...
Source: The Conversation (Au and NZ) – By Tamer Morris, Senior lecturer, international law, University of Sydney In an astonishing news conference in Washington, US President Donald Trump proposed the United States “take over” the Gaza Strip and permanently relocate the nearly two million Palestinians living there to neighbouring countries. ...
The chair of the Waitangi National Trust says among the politicking and challenges of what has fast become a controversial pōwhiri, Chris Hipkins’ vision for moving forward together presents “a ray of sunshine”.Pita Tipene said the Labour leader offered “a whole lot of hope” in his promises to return each ...
Nicola Willis’ plans for corporate tax reform need to have more meat than the paltry income ‘tax relief’ delivered last year, which failed to even account for bracket creep. ...
Good talk ? I really hope there is ACTION ! For far too long Our Earths Oceans, incl the Pacific, have been raped.
Best wishes for the Ocean Advocates
Once the government breaks the supermarket duopoly & New Zealand Food & Grocery Council is successful in gaining better conditions for its members. How will we spend the $1/week that we are told is being gouged by the industry. FFS $1/week is going to make any difference to everyone’s financial position. It’s about time even blind govt supporters started to expect REAL action and not some pathetic side issue in distraction.
I'd be keen to see the source and/or the reasoning behind the $1 per week claim.
I expect it is a rough (very) calculation based on the Consumer statement that supermarkets are making excess profits of 1 million per day….there are approx 1.85 million households in NZ.
https://campaigns.consumer.org.nz/supermarkets
I am very skeptical of the numbers I have seen on this. Here in Brisbane we do 98% of our grocery shopping at ALDIs. Our average weekly spend to fill a trolley for two of us is $120pw. This is after a recent round of price rises.
How does that compare to your experience in NZ?
Im not sure how they calculated the 'excess' profit, but 120 a week for 2 is slightly less than we spend…maybe by around the exchange rate.
It is probable however food inflation has some way to go given that the inputs to production have yet to work their way through….a lot of the stuff we are eating now will have been contracted some time ago and those contracts will be being reviewed as the new growing season approaches.
Interest nz has a comparative calculator with woolworths and countdown ,we come out slightly cheaper on same comparative baskets.
https://www.interest.co.nz/charts/prices/grocery-prices
i buy in bulk usually from the market gardeners for fruit and vege where most in season products are 99c kilo.eg spuds,onions,pumpkin apples.
Yes they do…and apparently the basket of goods works out cheaper here…that is of course a comparison involving Countdown, the result may be even more favourable if compared to Pak n Save, or worse if compared to New World…..and of course we dont have Aldi.
Reds 120 AUD a week is pretty much our 140 NZD that we spend
Aldi is more home brands (where you dont pay for the brands name)
Cold spell for Brisbane must limit seasonal goods, ( its warmer on the Chathams right now 16c vs Brisbane 13c)
Yes …I recall a few years ago Australia had very expensive bananas ($30 kg?) as to protect banana growers in Queensland they dont import and there was crop damage….an issue that will impact more and more markets worldwide as weather patterns become more erratic.
The peak of that coincided with a time when we had lots of Aussies in Queenstown and the local supermarkets did a loss leader on bananas, like a couple of dollars kg. Resulted in some seriously spun out Aussies
It’s well outside my area of expertise, but maybe not yours.
https://comcom.govt.nz/__data/assets/pdf_file/0024/278403/Market-Study-into-the-retail-grocery-sector-Final-report-8-March-2022.pdf
Section 3.54: If the average ROACE was 5.5% (our central estimate of WACC), the major grocery retailers’ profits would reduce by approximately $430m per year.101
Footnote 101: If the major grocery retailers’ average ROACE was 6.6% (our higher WACC estimate), their profits would reduce by approximately $365m per year.
Lots of technical stuff on methodology and various approaches to make realistic comparisons, some of which were challenged, of course. However, the take-home message is quite clear. NB this is excess profit, i.e. above and beyond what might be considered ‘reasonable’.
600 odd pages is why I dont know how they arrived at their million a day…..I dont dispute it, indeed it is probably erring on the side of caution and in any case is subjective….like most our concern is the ability to meet the cost and we are fortunate we no longer have to feed a horde of teenagers…my sympathies for those who do is great and solutions few.
‘kay, I’d hoped you could help – it will take me way too long to get my little head around it. From the little I can gather they tried their best to come up with the best-possible and most realistic estimates of excessive profit by making comparisons within NZ and with overseas.
Of course, everything is subjective, but that’s a weird benchmark and yardstick to use in debates like this!?
Life has become a lot more expensive for me too recently and I don’t expect it to level off any time soon. The supermarket profiteering is merely a drop in the ocean but it has been going on many years and unless something is done about it will continue to add to our living costs every day of the week.
Im guessing they took an industry wide margin (possibly international) and applied it to turnover and determined they were operating at a higher margin here….as always there are potential market peculiarities that may be claimed.
Yes the cost of living is becoming increasingly problematic, but as the saying goes the cure for high prices is high prices….eventually something breaks….thats no help of course while we live through it….for some us, again.
Funny that nobody at the moment seems to be talking much anymore about the housing crisis or the skyrocketing rents.
A lot of the supermarket market share has increased at restricting competition in building complexes such as malls across a broad range of goods.
And predatory aquisition of adjacent property
https://www.stuff.co.nz/national/122542884/former-tip-top-building-in-wellington-to-be-demolished-after-sitting-derelict-for-more-than-a-decade
"Funny that nobody at the moment seems to be talking much anymore about the housing crisis or the skyrocketing rent"
They are…and it has a much greater impact than even food or energy ….spend some time over at Interest.co and you will find that the economics of housing is the predominant topic of conversation….and for good reason, but it does get repetitive, you can only observe the obvious so many times before you begin to bore even yourself.
Yes, you’re quite right. I should visit interest & co more often but time …
Yet the way it has been conveyed in the media and the govt has framed it is that this questionable excess profit will not flow down to the consumer, the suppliers are also after a portion of this. As my original comment the benefits to the consumer are at best nominal. Inflation has been mentioned to add $150/ week to family budgets. And the govt brings out this distraction. Get REAL🤫
https://www.rnz.co.nz/news/business/463870/households-facing-150-a-week-extra-in-costs-as-inflation-and-interest-rates-rise-asb-bank
Inflation goes up & down. The profiteering has been going on for years and is sucking about $400M out of our pockets each year, give or take. I’d like to this to change and improve and it is something that we/Government can influence and control, global inflation pressures we cannot. This is as REAL as it gets!
There are two of us. One vegetarian. I only eat chicken as the cheapest meat. We go to the open air market for veges (farmers market in NZ is an oxymoron as it’s essentially just artisanal items for the audi set). Our weekly shop is no less than $185. We usually have two of our frozen meals; soups, etc, to pad out the week. Its a false economy as have to buy more the following week to replace the frozen stuff used. It’s ridiculous.
Well we would have GST added to that. 15%, now allowing say 10% =$132 Plus a delivery fee of $20 fortnightly so $284 fortnightly + add wine and cat food to arrive at just over $320. (plus exchange) We do not garden anymore though we cook from scratch, freeze and make bulk meals and freeze bases.
When we stayed in Australia Aldi would save at least a third of our shop costs, and Warehouse Chemist was good for other health needs.
Apparently, according to our son, electricity insurance/Body corps have risen, and petrol has risen sharply.
Mine is $180-$200 p/week.
That includes feeding a growing teen, petfood and cleaning, etc. products as well as food.
Supplemented by $40-$50 at the local greengrocer (I don't like supermarket fruit/veggies – local is better price and better quality); and $20-30 at the bakery (we do like our fresh bread)
The supermarket shop does include some luxuries – could probably cut around $30-40 – or even more if we had to.
Buy mostly at Pak n Save – and reckon I save around $30 each trip, over New World/Countdown. As I buy house brands of most products, and stock up on specials when they have good deals — the sort of budgeting you can afford to do, if you have a reasonable income….
My average supermarket shop has increased by $20-$30 since January this year. And, I simply don't buy some products (not paying $4 for a tiny stalk of broccoli – I'll buy it frozen, instead; wait for cheese on special, rather than paying $20/kg, etc.). There are some really strangely uneven price increases, too: bizarrely, the price of organic chicken was the same as Tegel in my last shop.
Ours is about $300 for 2 including the $50 box of organic local vegetables, the organic retailers for most things, and a bit of New World for cleaning stuff and food and medication for the two 17 year old cats.
And that's with me working south on a big windfarm 1 week out of 2.
Damned if I know where it goes.
Supposedly $400m excess profits, supplies are we are told screwed so wat. Conservatively 1/3 of this going back leaves $270m and there are 5.5m pop in NZ equates to$50/person but that is sorting what the govt is using. Don’t worry it will go the same as the $0.30/l that fuel Coys are making over and above. I wonder when we can expect to see these cost savings?? Eh Prime Minister
https://www.nzherald.co.nz/nz/minister-expects-to-see-fuel-prices-drop-18c-32c-a-litre-because-of-new-petrol-company-rules/7BVIJ65L54YLD4J66AGTDRCPEQ/
And for the savings in Australia they don’t have GST on all their grocery items like we do.
Thanks:, Herodotus. So its profits you are saying are $1 per head per week.
My father was a grocer. On some items he had a 6% mark-up, like butter (buy for 1/10 1/2, sell for 2/-). Other goods went for much higher mark-up. That mark-up went towards the profit, and after costs for rent, maintenance, staff wages, lighting, heating, refrigeration, phone, cleaning, tax, spoilage, and theft were deducted, there was the profit.
Let's say 5% of the cost of a sale is pure profit after all deductions, (I have no idea of the actua real figure), then the customer pays x20 the profit and the $1 per week per head becomes, TO THE CUSTOMER, $20 per head per week.
These are all rough figures, but the essence of your claim that it's only a $1 per head per week refers only to the absolute profit and the actual figure is several times that, depending on the ratio of profit to retail price.
Looking through the responses above engendered by your post at #2, the comment by Incognito at 2.1.1.1.1.2 above referring to ROACE might sum up what I've been trying to argue.
Incognito refers to a return on average capital expenditure is 5.5%, very close to my 5% pluck out of the air!
So, say the extra $1 profit for the supermarket comes from a $19 sale, meaning the consumer is paying $19 on a purchase to achieve that ROACE.
Muriel Newman has this to say…
[deleted]
[please stop using this site to drop random links with no commentary. You’ve done this enough times now for us to consider it spamming. We have an expectation that people will contribute to debate by using their own words (and those can be backed up with quotes and links). Here’s the test to see if you are spamming. You’re in premod. Next time I see you drop a link like this I will ban you. If you haven’t read this mod note it will tell me that you’re not here to engage. – weka]
mod note. This was your third strike.
You’re a fine prime example why we need a Three Strikes Law in NZ
Could you wipe all my posts and my name from this site please?
[Why should we? We keep a record, for future reference. People should be allowed to see what comes around and goes around here on TS. You should have thought about your actions before you started spamming the site here with your propaganda links – Incognito]
International support for Fair Pay Agreements here, as expected.
https://twitter.com/AotearoaSam/status/1535215066508775424
Ouch.
https://twitter.com/btlane/status/1535335524671823872
So this "doing nothing Government" has been "on song" after all. So we will have Workers Associations as well as Business Associations. Well done Labour. This was meant to attach to Sacha’s comment. We just have to get the legislation over the line now.
I believe the Nats will remove FPAs as soon as they get power again.
The term “soft power” has been bandied about recently. China trying to develop their relationships in the Pacific being local examples.
This article from The Guardian gives an explanation of how soft power, over a long period of time, can influence policy. Russian soft power influence in Africa being the example.
https://www.theguardian.com/world/2022/jun/08/the-congolese-student-fighting-with-pro-russia-separatists-in-ukraine?CMP=Share_iOSApp_Other
Russia's indescriminate killing spree visualized.
https://twitter.com/carlbildt/status/1534470176292454400
Especially remarkable since they've been " running out of ammunition " for so long joe !!!
Cite?
You an i both know joe that this war is as much about propaganda as it is about the battles on the ground therefore the messages coming back from the conflict to us are in the main designed to obfuscate the true situations in order to promote one narrative or another and mostly in our neck of the woods that narrative is essentially pro ukrainian in nature so " the russians are losing " the russians are running out of missiles and ammunition " the russians are deserting " etc etc etc
Ive commented on these factors numerous times and ar'nt about to repeat myself further seems to me you"d have to have been living under a rock not to have heard the one about them running out of ammo .
For those wanting an up to date daily analysis Alexander Mercouris is hard to pass up .
You've got nothing so you made shit up. Henceforth, anything you pull out of your arse can be assumed to be a fucking lie.
Goodo
/
The Ukrainian Military are almost out of Artillery Rds for it's WarPac Era Artillery pieces
Some of the Western Supplied 155m Artillery pieces have almost shot out their barrels & need replacing.
Thence the need for Western Supplied MLRS atm, to take the pressure off its Artillery Gun Units.
[Please check and correct your user name in the next comment, thanks]
Mod note
Sorry, didn't realise I managed to mangled my user name.?
Mind you it got below 15deg overnight here in Darwin's Rural Area, so I had a few other things on my mind this morning 😂.
All good. Mods don’t mind too much, generally, but when they’re busy they want to avoid dying by a thousand minor ‘cuts’.
Get the fire going.
You may find Schindler's take enlightening. His politics are far from my own but he's an historian of note who knows his stuff.
For all their defects, which are legion, the Russian military understands the crushing power of gunnery. For centuries, artillery and lots of it, applied on a massive scale to pound the enemy into submission, has been their signature move. Stalin called such gunnery his “God of War,” yet Russian artillery acumen long predates the Bolsheviks.
https://topsecretumbra.substack.com/p/military-history-repeats-in-ukraine
https://twitter.com/20committee
Actually it was called the Red God.
Sorry to nit pick, also the Red God caused the German Army Centre to spectacularly collapse in 44 & cut off Army Group Nth.
Which also meant that Germans had to abandon Ukraine in the Sth which had a flow on effect with Germany's last remaining Axis Allies in Eastern Europe.
I can see you struggle with concepts like dates and the passage of time
French TV crew at one of the Mariupol region's cemeteries.
Thread.
We visited one of the cemeteries in #Marioupol last week. We saw there thousands of recent graves, surmounted by a number. On this side of the cemetery the numbers went beyond 3000
https://twitter.com/alexdalsbaek/status/1534897804186894338
.
On most tombs there is only a number written in felt-tip pen and which is already being erased. Who are 768? 739? 442? 834? How did these inhabitants of Mariupol die? Will they be identified? Where are their relatives? Did they survive?
.
Sometimes we can read a name and a first name like that of Janna Dozorets, number 1423, born in 1957 and died in Mariupol on April 14, 2022.
https://threadreaderapp-com.translate.goog/thread/1534897804186894338.html?_x_tr_sl=fr&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp
Rumour/innuendo to get Mr can't see me pants going.
https://www.businessinsider.com/putin-bodyguards-collect-his-poop-every-time-travels-abroad-report-2022-6
If I was Putin I'd say that's good progress and lock it in.
Given Tsar Poot's latest rambles, I think Tsar Poot's has locked it in Eddie.
Jane Clare Jones on form 🧵 🧵 on why gender critical feminists have their own politics separate from the right, and calling GC women nazis or accusing them of allying with the right is a massive ignorance.
https://twitter.com/janeclarejones/status/1535207092331728896
Only approved people can read that account. All others see is the rather critical response.
Sometimes she locks her account overnight. Because gender critical feminists get targeted and harassed for saying things like biological sex matters, and women have a right to their own politics.
Ok, but you've linked to something most people can't read.
I think she locked it after I was looking at it. Or maybe I didn't see she had locked it. It will probably be visible tomorrow.
Her account is unlocked now.
That thread is 🔥🔥🔥. Phew! Good summary. A snippet:
Which he should know, but why bother being educated about politics when one can run lazy slurs instead.
True, but @janeclarejones merciless dissections are a public service.
and a delight! and such a relief.
I think calling GC women Nazis or associating them with the right is another way of avoiding the debate and trying to shut us up. What the left don’t realize is that in misrepresenting us in this way, it fractures and alienates many women from left wing politics where we have experienced solidarity.
The failure of the left and politicians within Labour and Greens not to critique the new gender ideology and pause before accepting and embracing it, leaves me mistrustful of them.
the uncritical acceptance of something referred to as gender identity is utterly baffling to me.
the term was first used by NZder Dr John Money (psychologist). His famous case was with twin boys, one of whom had had his penis irreversibly damaged during a botched circumcism. His suggestion to the parents was to bring this unfortunate child up as a girl. He saw the twins and part of his “therapy” was to get them to enact sex acts together. Both brothers committed suicide as young adults.
Yes, 10 years ago nobody was saying that of course some women have penises. Now we have men jumping on the bandwagon to mansplain who and what we are.https://thecritic.co.uk/mansplaining-womanhood
very good article, captures the film perfectly
Insteresting perspective. I think Matt Walsh meets a different audiencc. I understand the film has gained lots of exposure.
I think the interview with the gender studies lecturer shows up how incoherant the arguements are.
We’re not fond of NZME at TS, and Bryan Gould does ask a reasonable question here.
https://bryangould.com/nzme-and-trump/?utm_source=rss&utm_medium=rss&utm_campaign=nzme-and-trump
I doubt that an answer will ever be given.
Alternatively Gould is not particularly incisive and doesn't have a useful following.
Still, Gould could always come here and join the rest of the old irrelevant wets.
One need not be particularly incisive to notice Trump did his best to overthrow a valid electoral result.
The Stuff editor that acted to conceal the fact should lose his job – news media are to get the truth out, not to cover up crap like the capital riot. The occupy freaks are part of the same trash – fifty years ago they'd've been done for treason, and a good thing too.
Best turn to CNN for the actual Jan 6 coverage; incisive is not the word springing to mind describing Stuff.
If by occupy freaks you mean the anti-vaxxers not the Occupy lot from 2014, well, I'd have preferred to have seen them shown the respect of any political interest at all. Being a moron isn't yet treasonous.
They were threatening to hang the PM – that's near enough for treason – moron is a plea in mitigation.
Any National Party supporters that have purchased National branded tee-shirts will need to return them for a refund if their leader gets his wish of banning gang patches.
Your comment is really uncalled for. To firstly call another political party a gang is not only childish but really shows an increasingly desperate attempt to discredit other parties in a democratic country (it still is, isn't it?). Secondly, to minimize that NZ has become a literally lawless country with gang warfare going down the path like in South America is just pathethic. But then again not a surprise given that the labor government gave millions to the Mongrel Mob for drug prevention treatment. Oh well, that helped…sarc
Never let the facts get in the way of a good rant laden with hyperbole and BS. The irony of your own desperate childish comment is obviously lost on you.
But thanks for bringing up that very successful investment in that Mongrel Mob-run drug rehab programme in Central Hawke’s Bay. I’d say it has exceeded expectations in a positive sense.
https://www.stuff.co.nz/pou-tiaki/128728109/inside-kahukura-the-mongrel-mobled-drug-rehabilitation-programme
So, it has been working very well, which is a reason to celebrate and do more of this kind!
I think you need to ask every taxpayer for that – the polls right now do not show that wide support you espouse. Drugs and related crime is connected to gangs, always has. I don't believe that there are exceptions. And perhaps you need to talk to the families of those who are affected by these drive by shootings etc. and tell them that all of that is hyperbole. Ignorance is not bliss in that instance. And there is absolutely no excuse for it. no matter whose party, group etc. anybody belongs to.
Well, I don’t live in South America and I don’t speak Spanish or Portuguese, so that could be a bit of a problem.
What should I be asking every taxpayer? I mean every single one?? And do I need to talk all the families as well???
Please stop your absurdism here, thanks; your comments won’t be taken seriously as they stand.
The overwhelming majority of people are sensible, socially connected and decent….that fact is always worth remembering
Yeah, man. Since 1936.
//
I'd happily hold that bonfire of gang patches. Hell I'd invite everyone to Eden Park for it. Doesn't matter that it would make no difference to membership. The social contract has long broken with this government and Police and it will take a few theatrical moves to bring it back.
People get so worried about looking to Australia for models of policing about gangs. Both National and Labour are doing it already.
Politicians look to Australia for advice about how to curb gangs | Stuff.co.nz
A reporter who has covered gang violence for 15 years is clear that this is the worst he has seen it. It's quite unprecedented in West Auckland since 2020.
The Front Page: Inside New Zealand's fight against escalating gang violence – NZ Herald
A believable plank for National is that Labour as soft on crime and crime is out of control.
As in so many other policy areas, it's now going to be very hard to turn that perception around.
EDit: Bang on queue National unveils its anti-gang plan on tv tonight. He’s not a political moron.
https://www.stuff.co.nz/national/politics/300610874/we-need-action-against-gangs-right-now-chris-luxon-details-new-gang-plan
"I'd happily hold that bonfire of gang patches"
I on the other hand like it that I can easily identify undesirables out in public and can give them a wide berth.
To borrow one of Luxons overused tropes it's bumper sticker stuff to say he'll stop people from gathering, and I'm no lawyer.
I think I have pointed to the WA experience before. Wildly popular Labour State govt passed this legislation late last year:
Cheers yes. Probably deserves a post on itself now that National have put out fresh policy on it .
Has there been any measurable effect at WA, or is it too early?
I searched on that but not a lot to report that isn't behind a paywall. There do seem to have been a dozen or so arrests and charges brought using the new legislation.
This kind of legislation should not be measured in terms of Court appearances. It is best considered a tool that works best as a deterrent – like nuclear weapons best never used. But as with Ukraine, you find out what happens when you don't have them.
OMG what a way to go… Fact and Fiction combine – Augustus alive again
Defanging the viper
The conspiracy theory that Donald Trump won the 2020 presidential election, is what fuels his campaign to return to office.
If anyone can, Ivanka Trump, the ultimate insider in the Trump camp, may have the ability to kill this conspiracy off, or at least marginalise its supporters within the Republican Party hierarchy, pretty much ending Trump's chances of being selected as the Republican presidential candidate.
In my opinion Ivanka Trump's testimony has yet to have its full impact.
https://www.stuff.co.nz/world/us-canada/300610972/long-since-checked-out-ivanka-trumps-january-6-testimony-exposes-family-strain