This sort of relates to yesterdays posts on IT. Its my observations and expreience of the last month in the hiring a junior techo in a starter position. My ideal, a young keen learner with some known skils (certs / demonstrable experience), but most importantly good verbal communications.
CVs flooded in, lots of “post learner” types from the whole of Asia, or from people resident in NZ looking for work to help them get permanent resident status. Some of the claimed skills were amazing, far too high for my requirements but bloody impressive. All wanting a start in NZ.
Less favourable in terms of quantity and qulaity were from young local NZers. Some were good, but overall the standard far lower (however more in line with my requirements).
Before making any conclusion let me state I dont care which of these categories will eventually be hired so long as they can do the job. So conclusions:
1. NZ seems incredibly desirable to potential immigrants, they are willing to do anything just to get their foot in the door. And there are a very large number of these people shipped up here already doing work which is well below their skill set.
2. Local youth unemployement is blooody high but the ones I saw dont have the qualifications to any comparison: we are not training them properly, getting law degrees etc does not help employers like me find good cures to local youth unemployment.
Which all leads me to question both our immigration and education policies. What a mess.
Strategic work force planning. We don’t do it as a country. We believe the markets will do it for us. And its exactly the model this government is using for Christchurch.
Yes it is the model currently running for Christchurch, at the moment. Chch is a fantastic illustration of the problem mr bored describes imo.
Leaving it purely to market forces may work in some kind of manner, eventually, after a long time, and the result may not be as good as could have been. Similarly, being entirely prescriptive has its own failings. The best is quite clearly a mixture of the two, probably with a heavier weight to market forces.
Using Chch as an example again, the money from property investors is leaving the city which will result in many many many bare sites and open slather for an organic re-growth of the city as genuine demand drives it. However, leaving it solely to this may not end up with the best result – for example, it will take an awful lot longer.
So adding a pit of prescription from a central authority or other will assist in the timeframe example. Such as, the IRD being one of the first back into the central city (in a safe etc buildling of course). Similarly, the CCouncil making decisions on the likes of Convention Centre and Sports Centre locations and getting started would also assist the market and provide direction. Both of theae examples would ease the example problem which arises from pure market drive – the longer timeframe.
The same also goes for insurance.
Christchurch is a brilliant example of many things – the confluence of market forces and centralised prescription is one such. Being played out in a city near you – watch with interest.
Salmon? Never seen one in the Manawatu, I get the feeling that the salmon you hear about getting into the North island rivers are very confused and come one at a time. The water up here is to warm for a run. Wandered a couple of kms fo a Wairarapa river yesterday, was like a bath, fish had gone off to find a cooler patch.
NZ business have always failed to train and remunerate skilled staff.
The main reason is they know that bleating to the immigration department never fails to make up for their negligence.
Won’t happen for much longer as practical skills become in demand worldwide and the social wage in NZ, built up by generations of NZ taxpayers, that makes us so desirable, is removed by shortsighted Neo_Liberal Government..
Already see most of them in my work leave for Australia as soon as they can get residency.
More on the Rangers FC insolvency, but from the point of view of the blogger who exposed the pillaging of the club. It’s long article, but the main point isn’t about fitba, or tax cheats, but the role of blogs in a society where the msm are incentivised not to report the news.
Thanks for this link, I have been following this website for close on a couple of years now. Funny thing was, every time I would mention things regarding Rangers which were first brought up by the RTC site, invariably people would roll their eyes at me.
Not happening much nowadays though, as this guy has been proven correct time after time.
Listening to a Celtic podcast yesterday and the hosts were hi lighting how the old media in Scotland has been left way in the past by the contributors the new media that we are all a part of now.
This,in my opinion, is where sites like The Standard are showing up the failings of the MSM in this country.
Finally, this weekend Hibs play Celtic (both clubs have an Irish background) both sets of fans have organised to have a jelly and ice cream party:)
I see the Senseless Sentencing Trust are marching in favour of a new law that would see recidivist liars and repeat offenders locked up and the key thrown away.
To be called Garrett’s law, it would require organisations who fail to point out the hypocrisy of their own former staff repeatedly breaking the law while calling for the brown skinned poor to be incarcerated on suspicion to be made to dress in sheets and carry flaming wooden crosses through the streets of South Auckland until somebody knocks some fucken sense into them.
The Overseas Investment Office’s job is to provide the best advice for New Zealand, instead they are meeting secretly with the Chinese government officials and then presenting this advice which we find out in court is legally, factually, completely incorrect.
“I think that we have to ask the question about the impartiality of the Overseas Investment Office when they are secretly meeting with the Chinese government officials and not even notifying their minister.
Norman frames this situation perfectly:
“The problem actually isn’t with the Chinese government because they are just doing what’s in their best interests. The problem is with the New Zealand government which isn’t doing what’s in New Zealand’s best interest,” Norman said.
With a nod to R. Atack and AFKTT Here we are again! A collapsing to a simpler level Global Civilisation. Due to resource decline.
The”Great Lurch Downward: the arithmetic is fairly simple, and we can see that annual oil production will drop to half of its peak level by 2030.” This Macro reality is bound to affect us big time.
Oil production dropping to half its peak level by 2030 is actually not that much of a problem. The fact that the drop relative to ever increasing demand from developing countries is going to be catastrophically higher than that – well, that is the real problem.
EG Saudi Arabia might be able to keep its oil output in merely gradual decline over the next 20 years. The real problem is that its internal demand for oil is consistently growing so net remaining oil available for export will fall rapidly.
I actually honestly don’t believe we’ll be down to 50% by 2030. I know that that’s what all the models and maths say, but similarly I’ve been expecting the plateau to end suddenly at any moment since 2007 and it hasn’t. I think a range of 60-70% by 2030 is a safer bet. Assuming that everything will be BAU in 2025 after ~10 years of declining oil supply is a bit silly, and that’s essentially what the 2030 prediction is assuming.
On the flip-side we could end up with massive infrastructure damage from wars that artificially caps production lower than it otherwise would be. But I don’t believe that is assumed in the models for 2030 because it’s impossible to predict with any rigour.
Mature consideration will show that foreign buyers such as China, USA and Germany will always be able to pay above New Zealanders, eventually leading to all land in NZ being in overseas hands.
Their cost of capital is effectively negative, getting rid of soon to be worthless US dollars, while New Zealanders have to cover interest, and repayments.
The interests of NZ would have been best served by the Government buying the land, splitting it up and lending the money for NZ sharemilkers to get their own farms.
The returns to those selling farmland for capital gains should not be a consideration. Farmland is already overpriced compared to incomes, which, like overpriced residential land, only benefits banks and those who are flush with cash..
I hope this brings a rethink of the desirability of allowing overseas interests to buy any land.
You only have to look at the Bay of Islands to see we are fast becoming like Spain. The locals are restricted to the cheap unproductive land inland while wealthy foreigners own hotels and villa’s on the coast.
A price drop for NZ land would be a good thing. I can sell my family home for a reasonable price, to someone starting out, without having to worry about paying a million for a retirement bach. Young farmers and business startups can buy land at prices commensurate with the likely returns.
“I d like to talk about the things that brings us together.
Things that point out our similarities instead of our differences
coz that’s all you will be hearing about in this country are differences,
that all the media, the poli -tic- icans are talking about , the things
that separate us, things that make us different from one another.
That’s the way the ruling class operates in any society.
They try to divide the rest of the people;
they keep the lower and the middle classes fighting with each other;
so that they, the rich, can run off with all the f*cking money (bailout),
fairly simple thing happens to work.
You know anything different that’s what they gonna talk about:
race, religion, ethnic and national background, jobs, income, education, social status
sexuality, anything that they can do to keep us fighting with each other,
so that they can keep goin’ to the bank.
You know how I describe the economic and social classes in this country :
the upper-class keeps all of the money pays none of the taxes
the middleclass pays all of the taxes and does all of the work
the poor are there to just to scare the shit out of the middleclass, to keep ‘em showin’ up at those jobs
SO stirrin’ up the shit is something Id like to do from time to time”
This post by Nicolas Reid was originally published on Linked in. It is republished here with permission.In this article I look into data on how well the rail network serve New Zealanders, and how many people might be able to travel by train… if we ran more than a ...
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The Government’s newly announced funding for biodiversity and tourism of $30-million over three years is a small fraction of what is required for conservation in this country. ...
The Government's sudden cancellation of the tertiary education funding increase is a reckless move that risks widespread job losses and service reductions across New Zealand's universities. ...
National’s cuts to disability support funding and freezing of new residential placements has resulted in significant mental health decline for intellectually disabled people. ...
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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. ...
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 ...
The last good thing at the supermarket is gone. Mad Chapman mourns the Cadbury mini egg cartons. When life is overwhelming and it feels like every story around you is a bad news story, there are a few things that can be relied upon to instil a sense of calm, ...
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As part of our series exploring how New Zealanders live and our relationship with money, a 36-year-old tertiary adviser and bartender shares her approach to spending and saving. Want to be part of The Cost of Being? Fill out the questionnaire here.Gender: Female. Age: 36. Ethnicity: Pākehā. Role: Tertiary adviser, ...
The change allows for devices that do screening, similar to at drink-drive checkpoints, rather than having to test oral fluid to an evidentiary standard. ...
Almost 40% of those departing NZ long-term are aged 18 to 30. What sort of country will they leave behind, asks Catherine McGregor in today’s extract from The Bulletin. To receive The Bulletin in full each weekday, sign up here. Young people leading the charge out the door Last year saw ...
New Health Minister Simeon Brown is presiding over a list of resignations from high-ranking health officials that some say is a "bloodbath". What's going on? ...
Source: The Conversation (Au and NZ) – By Mark Rickerby, Lecturer, School of Product Design, University of Canterbury The Poly-1. MOTAT , CC BY-NC Some 45 years ago, a team of staff and students at Wellington Polytechnic designed and built a desktop computer with an operating system customised for ...
The Forum has raised concerns regarding the Principles of the Treaty of Waitangi Bill and the Regulatory Standards Bill, which, if enacted, will radically undermine existing human rights protections, Indigenous rights, and constitutional safeguards ...
The passage of time hasn’t been kind to Ngāi Tahu.When its High Court hearing over wai māori (freshwater) commenced last week, 52 months after the claim was filed, the tribe mourned the loss of two named first plaintiffs – Bishop Richard Wallace, of Makaawhio, and Theo Bunker, of Wairewa – ...
Margie Apa, Nicholas Jones, Diana Sarfati, the board of Health New Zealand … and will Lester Levy be next?The biggest names in our health service are tumbling like dominos.It’s been called a bloodbath and a crisis.What’s going on?Every day there’s a new story about shortages, patients having to wait for ...
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One Christmas, to thank him for helping me hugely with my writing (on a mentor scheme), I sent Michael King a dark blue cashmere scarf. I chose it with the awful knowledge that he was battling cancer, and I somehow thought it might keep him warm and make him feel ...
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Everything you missed from day five of the Treaty principles bill hearings, when the Justice Committee heard seven hours of submissions. Read our recaps of the previous hearings here.An “insult to every one of our tīpuna” was the first advice the Justice Committee heard on the Treaty principles bill ...
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Comment: US is capitulating to Moscow’s demands before negotiations over Ukraine even begin The post The day the West died appeared first on Newsroom. ...
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Asia Pacific Report Two Palestinian resistance groups have condemned “the brutal assault” on prisoners at Ofer Prison, saying it was “barbaric criminal behaviour that reflects the fascist and terrorist nature of” Israel. In the joint statement, Hamas and Palestine Islamic Jihad (PIJ) called the attack a “miserable attempt” by Israel ...
By Caleb Fotheringham, RNZ Pacific journalist in Avarua, Rarotonga Cook Islands Prime Minister Mark Brown hopes to have “an opportunity to talk” with the New Zealand government to “heal some of the rift”. Brown returned to Avarua on Sunday afternoon (Cook Islands Time) following his week-long state visit to China, ...
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An additional $13 million will be invested in tourism infrastructure, including upgrading huts and resolving the backlog in Milford Sound concessions. ...
The reality is that we have no obligation to tolerate the intolerant. They are using violence to shut down and silence others. The result of tolerating intolerant views is the loss of everyone’s freedom of speech except for the one who most effectively ...
This sort of relates to yesterdays posts on IT. Its my observations and expreience of the last month in the hiring a junior techo in a starter position. My ideal, a young keen learner with some known skils (certs / demonstrable experience), but most importantly good verbal communications.
CVs flooded in, lots of “post learner” types from the whole of Asia, or from people resident in NZ looking for work to help them get permanent resident status. Some of the claimed skills were amazing, far too high for my requirements but bloody impressive. All wanting a start in NZ.
Less favourable in terms of quantity and qulaity were from young local NZers. Some were good, but overall the standard far lower (however more in line with my requirements).
Before making any conclusion let me state I dont care which of these categories will eventually be hired so long as they can do the job. So conclusions:
1. NZ seems incredibly desirable to potential immigrants, they are willing to do anything just to get their foot in the door. And there are a very large number of these people shipped up here already doing work which is well below their skill set.
2. Local youth unemployement is blooody high but the ones I saw dont have the qualifications to any comparison: we are not training them properly, getting law degrees etc does not help employers like me find good cures to local youth unemployment.
Which all leads me to question both our immigration and education policies. What a mess.
Strategic work force planning. We don’t do it as a country. We believe the markets will do it for us. And its exactly the model this government is using for Christchurch.
Yes it is the model currently running for Christchurch, at the moment. Chch is a fantastic illustration of the problem mr bored describes imo.
Leaving it purely to market forces may work in some kind of manner, eventually, after a long time, and the result may not be as good as could have been. Similarly, being entirely prescriptive has its own failings. The best is quite clearly a mixture of the two, probably with a heavier weight to market forces.
Using Chch as an example again, the money from property investors is leaving the city which will result in many many many bare sites and open slather for an organic re-growth of the city as genuine demand drives it. However, leaving it solely to this may not end up with the best result – for example, it will take an awful lot longer.
So adding a pit of prescription from a central authority or other will assist in the timeframe example. Such as, the IRD being one of the first back into the central city (in a safe etc buildling of course). Similarly, the CCouncil making decisions on the likes of Convention Centre and Sports Centre locations and getting started would also assist the market and provide direction. Both of theae examples would ease the example problem which arises from pure market drive – the longer timeframe.
The same also goes for insurance.
Christchurch is a brilliant example of many things – the confluence of market forces and centralised prescription is one such. Being played out in a city near you – watch with interest.
btw, bored, any salmon in the manawatu?
Salmon? Never seen one in the Manawatu, I get the feeling that the salmon you hear about getting into the North island rivers are very confused and come one at a time. The water up here is to warm for a run. Wandered a couple of kms fo a Wairarapa river yesterday, was like a bath, fish had gone off to find a cooler patch.
NZ business have always failed to train and remunerate skilled staff.
The main reason is they know that bleating to the immigration department never fails to make up for their negligence.
Won’t happen for much longer as practical skills become in demand worldwide and the social wage in NZ, built up by generations of NZ taxpayers, that makes us so desirable, is removed by shortsighted Neo_Liberal Government..
Already see most of them in my work leave for Australia as soon as they can get residency.
http://whoar.co.nz/2012/9-kick-ass-things-obama-should-do-in-a-second-term/
“…The chances are rising for an Obama second term.
But what do we really want him to do?..”
phil-at-whoar.
More on the Rangers FC insolvency, but from the point of view of the blogger who exposed the pillaging of the club. It’s long article, but the main point isn’t about fitba, or tax cheats, but the role of blogs in a society where the msm are incentivised not to report the news.
Thanks for this link, I have been following this website for close on a couple of years now. Funny thing was, every time I would mention things regarding Rangers which were first brought up by the RTC site, invariably people would roll their eyes at me.
Not happening much nowadays though, as this guy has been proven correct time after time.
Listening to a Celtic podcast yesterday and the hosts were hi lighting how the old media in Scotland has been left way in the past by the contributors the new media that we are all a part of now.
This,in my opinion, is where sites like The Standard are showing up the failings of the MSM in this country.
Finally, this weekend Hibs play Celtic (both clubs have an Irish background) both sets of fans have organised to have a jelly and ice cream party:)
I see the Senseless Sentencing Trust are marching in favour of a new law that would see recidivist liars and repeat offenders locked up and the key thrown away.
To be called Garrett’s law, it would require organisations who fail to point out the hypocrisy of their own former staff repeatedly breaking the law while calling for the brown skinned poor to be incarcerated on suspicion to be made to dress in sheets and carry flaming wooden crosses through the streets of South Auckland until somebody knocks some fucken sense into them.
The courts allow someone out on bail on a kidnapping charge to live in close proximity of his victim, who then murders her only a few weeks later?
OTOH
Someone charged with crimes relating to anti-piracy is denied bail.
Pretty fucked up, if you ask me.
+1
.
Who owns an earthquake-prone building outside of Christchurch?
Feel the warmth of the approaching fire-storm yet?
The Greens are well and truly out in front – excellent researching and questioning over the Crafar farms deal. Greens-Crafar-approval-politically-motivated
Norman frames this situation perfectly:
With a nod to R. Atack and AFKTT Here we are again! A collapsing to a simpler level Global Civilisation. Due to resource decline.
The”Great Lurch Downward: the arithmetic is fairly simple, and we can see that annual oil production will drop to half of its peak level by 2030.” This Macro reality is bound to affect us big time.
Refer link:http://www.countercurrents.org/goodchild170212.htm
Author’s point is we live in a cocooned existence relative to other parts of the World and though this is happening now we are not aware of it.
Oil production dropping to half its peak level by 2030 is actually not that much of a problem. The fact that the drop relative to ever increasing demand from developing countries is going to be catastrophically higher than that – well, that is the real problem.
EG Saudi Arabia might be able to keep its oil output in merely gradual decline over the next 20 years. The real problem is that its internal demand for oil is consistently growing so net remaining oil available for export will fall rapidly.
I actually honestly don’t believe we’ll be down to 50% by 2030. I know that that’s what all the models and maths say, but similarly I’ve been expecting the plateau to end suddenly at any moment since 2007 and it hasn’t. I think a range of 60-70% by 2030 is a safer bet. Assuming that everything will be BAU in 2025 after ~10 years of declining oil supply is a bit silly, and that’s essentially what the 2030 prediction is assuming.
On the flip-side we could end up with massive infrastructure damage from wars that artificially caps production lower than it otherwise would be. But I don’t believe that is assumed in the models for 2030 because it’s impossible to predict with any rigour.
total oil production declines will be gradual yes, but IMO declines in net oil available for export over that same time period will be catastrophic.
Oh yes, definitely, that is the real thing to look out for.
What happened to AFKTT? Hasn’t been around these parts for a while.
Fran O,Sullivan asks for mature consideration on the Crafer deal. http://www.nzherald.co.nz/opinion/news/article.cfm?c_id=466&objectid=10786311
Mature consideration will show that foreign buyers such as China, USA and Germany will always be able to pay above New Zealanders, eventually leading to all land in NZ being in overseas hands.
Their cost of capital is effectively negative, getting rid of soon to be worthless US dollars, while New Zealanders have to cover interest, and repayments.
The interests of NZ would have been best served by the Government buying the land, splitting it up and lending the money for NZ sharemilkers to get their own farms.
The returns to those selling farmland for capital gains should not be a consideration. Farmland is already overpriced compared to incomes, which, like overpriced residential land, only benefits banks and those who are flush with cash..
I hope this brings a rethink of the desirability of allowing overseas interests to buy any land.
You only have to look at the Bay of Islands to see we are fast becoming like Spain. The locals are restricted to the cheap unproductive land inland while wealthy foreigners own hotels and villa’s on the coast.
A price drop for NZ land would be a good thing. I can sell my family home for a reasonable price, to someone starting out, without having to worry about paying a million for a retirement bach. Young farmers and business startups can buy land at prices commensurate with the likely returns.
“I d like to talk about the things that brings us together.
Things that point out our similarities instead of our differences
coz that’s all you will be hearing about in this country are differences,
that all the media, the poli -tic- icans are talking about , the things
that separate us, things that make us different from one another.
That’s the way the ruling class operates in any society.
They try to divide the rest of the people;
they keep the lower and the middle classes fighting with each other;
so that they, the rich, can run off with all the f*cking money (bailout),
fairly simple thing happens to work.
You know anything different that’s what they gonna talk about:
race, religion, ethnic and national background, jobs, income, education, social status
sexuality, anything that they can do to keep us fighting with each other,
so that they can keep goin’ to the bank.
You know how I describe the economic and social classes in this country :
the upper-class keeps all of the money pays none of the taxes
the middleclass pays all of the taxes and does all of the work
the poor are there to just to scare the shit out of the middleclass, to keep ‘em showin’ up at those jobs
SO stirrin’ up the shit is something Id like to do from time to time”
George Carlin “The Ruling Class”
Some Sat night music from the boss……