If there ever was a day which showed up the utter mediocrity of the mainstream media in New Zealand, today would be a contender.
In the past 24 hours, after the collapse of the share prices in China, NZ’s largest market, stock markets round the world have plummeted the worst since 2007.
And NZ’s largest selling daily leads with stories about car washers and a blonde NZer in London looking for jobs.
on the China stockmarket correction. from what I’ve read it doesn’t seem to hold a great deal of significance for the rest of the world.
here are the guys I follow and trust on the Chinese economy:
George Magnus ~ @georgemagnus1, georgemagnus.com
Patrick Chovanec ~ @prchovanec
Victor Shih ~ @vshih2
Michael Pettis ~ mpettis.com
I’d appreciate if anyone could reply with names of other solid writers on China’s economy.
I was in suzhou recently. it’s a great city, well preserved by Chinese standards. a few economic observations :
1. commerce, at least of the brick and mortar variety, appears to be in serious distress, judging by tenancy rates in “popular” shopping areas.
2. Chris Patten has pointed out that China was the richest place in the world for 18 of the past 20 centuries. suzhou was a key part of that story, being an important city since at least the Han. but that’s the rub: cities are probably a better rubric than empires through which to view history. they possess the advantage of concreteness for one. at any rate, it’s better to say of China that it was extremely poor for much of its history, with a few fantastically wealthy cities dotted around the place (though google 清明上河图 for an indication that it wasn’t all the 1% vs the 99).
3. if you observe renaissance art closely you can sometimes encounter surprisingly lucid foreshadowings of modern styles like expressionism, tucked away inconspicuously on the sidelines of the major action. likewise in the suzhou museum I was surprised by artwork dating from the qing which possessed elements I’d always associated with the mid 20th century: minimalism, relatively wild experimentation, and some ceramics with funky patterning that put me in mind of Len Lye. and all this put,means in mind of that famous observation of Karl Marx that every step of human progress is afforded from the suffering of the vast majority of humanity. I’m not saying that to be a buzzkill, but because of the profound importance as I see it of trying to conceptually tie the human experience into a coherent whole.
Very interesting. On point three, if you take out the Western understanding found with Marx and insert a Chinese perspective (my very general summary) the conclusion changes:
From,
“…every step of human progress is afforded from the suffering of the vast majority of humanity…”
to
“…every expression of human endeavour is reflective of the nature of heaven, and heaven reflects all that cannot be reflected…”
which is a sort of a riddle (that I’ve made up to attempt encompass a lot of metaphysical explanation) that implies if we stand here in the Western world and look over there into the history of “Chinese art” we see that we are either part of the past because we are dragging our feet by focussing and elevating material things and restrictive ideas to the detriment of everything else, or/and, that art is timeless and has no development or “period”; and to “access it” – which is a very Western concept – we need better balance in our attentions. While “human suffering” from a historical chinese philosphical perspective during those “18 to 20 centuries” was simultaneously acknowledged, lamented, venerated and dismissed as irrelevent by Chinese thinkers (more in the earlier than later part of that huge period), it’s important to notice that the perspective of something being only good/bad wasn’t as dominant as Western thinkers like to consider it when they see human suffering, or anything, for that matter.
No doubt this will enrage you in some way, but bear in mind it is only my opinion based on what I think I have learned, inspired by the topic you raised, and not addressed as a challenge to you specifically.
China has been a bureaucracy for the better part of 2000 years.
Lesson: Kings and emperors come and go, the bureaucracy remains.
Largely what the RWNJs want to do is to get rid of the bureaucracy and just have the kings. This doesn’t work as it’s the bureaucracy that actually gets things done. 30+ years of neoliberalism and the attack on government bureaucracy and we now have more bureaucracy than we ever had before – it’s just that it’s now in the private sector.
Want more competition? Then we need more bureaucracy to manage it.
Want more courses at uni? Then we need more bureaucracy to manage that as well.
Want National Standards? Then more bureaucracy and having the teachers do it is still an increase in bureaucracy and a subsequent decrease in teaching.
Getting rid of the back office so as to have more front office doesn’t work as the front office can only work because of what the back office does and the back office, the bureaucracy, is more important as it’s what ensures that everything is in place to allow the front office to do it’s job. Of course, the workers that create the material objects that the bureaucracy ensures is in place are more important again.
When the right-wing try to get rid of the bureaucracy it just adapts around them and both the front office (MPs) and the back office forget about the workers.
well, the bureaucracy was by no means in stasis over that period.
new zealand has lost its way, amongst many other countries. i find largely monocultural societies fascinating because their culture is an identity that they can rally publicly around to try to fight some of this rot. simply can’t be done in migrant nations cos they’re too diffuse.
Some on the standard might find this interesting.
it touches on basic needs capitalism failing to meet them and touches on renationalisation of some services with highly automated public sector vs privatisation.
Thanks Coffee, I think LPrent has been pointing some of this stuff out. Given the lack of desire of many to share, it is a little scary to contemplate much of what the writer is suggesting. Actually, VERY scary.
TheBMJ (formerly the British Medical Journal) is carrying a feature comparing different nations’ laws around assisted dying, assisted suicide and euthanasia (with definitions provided). This is part of the debate in UK and Wales about impending Law changes.
No, they can’t. That’s because everything that National have done in power is to make it so that people can’t refuse to work. Nationals attacks on beneficiaries and workers have made it so that if you’ve got a job, no matter how much it costs you and the government, you do everything to keep that job because otherwise National can, and will, make it worse for you.
Exactly Draco. Had to laugh at Michael Woodhouse on the news last night when he said that. What a clueless statement. (Who can forget other gems, such as zero hour contracts are casual contracts).
He really is out of touch with the lives of retail and hospo workers if he thinks you can simply ask for the public holiday off and your boss will give it to you, or even negotiate a different public holiday off in it’s place – especially when some businesses function on a perpetually short staffed roster. That’s along side the “compelled to work or else” fear that hangs over workers heads these days, as you’ve mentioned.
Point two: The fact that he previously voted against Jackie Deans’ bill in 2012 clearly shows this announcement was nothing more that a PR stunt to distract from his disastrous management of the H&S amendment bill. What a cynical move from some one so out of his depth.
Some hospitality industry players can’t abide by current industrial law requirements and are trialing new workers without employment agreements and providing wages in the form of drink vouchers.
Not satisfied with low wages they now believe it’s their right to pay no wages.
They want it all.
Hi Atiawa. I think I read a post by you on this previously. It didn’t surprise me sadly. I’ve read newspaper articles about restaurants that MBIE eventually caught up with over the issue of the non payment of staff.
My last boss, in retail, paid people, reluctantly, when they reminded him their wages hadn’t turned up in their accounts. He only did that to me once and never did it again once I expressed my feelings about it and reminded him of his obligations. After I left that place I heard that some of the young ones simply didn’t get paid for up to a week, and missed pay cycles entirely.
I’ve had some bad bosses in my work life but never have I not been paid, until then.
I have a young friend who got his first job about 6 months ago. Prior to that WINZ sent him out on a “trial” with a charity that was going door to door. He was given a form to sign. It was a waiver saying he wouldn’t be paid. He signed it because he didn’t want any trouble from WINZ. If he didn’t sign he feared he could be sanctioned.
Blackmail and exploitation rolled into one. What a start to the working life it was for him.
“KUALA LUMPUR: There are only a handful of issues to be resolved in the ongoing Trans Pacific Partnership negotiations, said US Trade Representative Michael Froman.
“The Hawaii ministerial meeting was productive and we closed a dozen difficult issues, and at the end of the day there are now a handful of issues which needed further work,” he said on the sidelines of the Third East Asia Summit here yesterday.
…….
“Since the Hawaii meeting, negotiating countries have to go back and sort with their stakeholders, cabinet and parliament.”
Let us remind Tim Groser and John Key that WE, the Citizens of NZ/Aotearoa ARE STAKEHOLDERS.
We will not be sorted by being insulted. We, the payers of their salaries, do not give them permission to trade away our sovereignty.
The Prime Minister states “I kind of love everything American – sports, food, golf courses, there’s nothing I don’t like.”
Great. Let him emigrate to his Hawai’i home.
Sacrificing the sovereignty of NZers by stealth is ….treason in my opinion.
I read a comment the other day that eluded to the Treason Laws having been recently changed in NZ. I wasn’t aware of this with the exception of the removal of Sedition or is this what they would have been talking about.
Can anyone shed any light on this in relation to our laws on treason?
https://en.wikinews.org/wiki/New_Zealand_repeals_sedition_law
At a time when many countries are tightening anti-terrorism legislation and discussing on whether to “crack-down” on freedom of speech, New Zealand has repealed its sedition law. The Crimes (Repeal of Seditious Offences) Amendment Bill was passed by the New Zealand Parliament by an overwhelming majority of 114 to 7.
Sedition is the crime of inciting insurrection against the state. New Zealand’s sedition law criminalised speech intended to “bring into hatred or contempt” or “excite disaffection” against the monarch or the government or to incite or encourage “violence, lawlessness, or disorder”. The law had been widely criticised following the conviction of Timothy Selwyn in 2006 – the first sedition prosecution in 75 years – and repeal had been recommended by the New Zealand Law Commission.
Minister of Justice Mark Burton criticised the law as an infringement on freedom of speech and a tool of political persecution – a view widely echoed by MPs from across the house. Green Party MP Keith Locke noted that “the roll-call of those charged is a roll call of our political heroes”. However, New Zealand First MP Ron Mark advocated retaining the law in light of current fears about terrorism. New Zealand First was the only party to vote against the bill.
The bill repeals all seditious offences, and will come into effect on January 1, 2008.
The house itself seems unremarkable, it’s just another Auckland house, so the odds of this being a unique event appear low to none. We can reasonably assume many Auckland houses are being regularly onsold.
If the statements are taken as gospel we can also believe that a high proportion of Auckland home buyers are forced to sell again within weeks due to changed circumstances. The forced sale of course precluding the need to pay tax on any gains made.
I’m also wondering how the RE spokesperson can be so sure of the sellers motives. He’s just an agent, not a confidante, so how would he know the real reasons for selling?
What’s the chances of the IRD or any other authority investigating this?
Dunno, it all looks a bit odd. If we take this on face value it’s a random Auckland house with random samples of buyers from the Auckland market. You can’t really establish a strong pattern from one house but you can rule it out as a one-off event, the (alleged) randomness of house & buyers says it can’t be unique.
Having said that I very much doubt a large proportion of Auckland houses are being resold up to four times within months of being put on the market for the first time. I’d think it more likely something was going on there and that it would behoove the authorities to find out what.
there is a house right accross from where i have been sitting that has sold three times in 6 month.
surely all the previous owners bought the house and then promptly went bankrupt, forcing to sell the house for a tidy profit each time for about 70.000, considering that the first time it sold for about 690.000 and it is now being readied again to go one the market, expectations now are 1.000.000, and likely to get it. So sold for 690.000, sold for 780.000, sold for 900.000 and again…
Yeah, right no speculation here ….none what so ever.
Just poor schlops having over extended themselvs and now making a buck. Btw. the between the 690.000 and 900.000 the house was empty.
there are a few more houses in my street that have sold several times per year. Funny, it is always the same, either empty or tenanted properties that go up for sale, like clockwerk every few month.
“My understanding is that the person who sold it is a member of our property staff,” he said.
But Mr Thompson said that person had a genuine reason to sell the vacant property, in wanting to raise funds for a family member who had bought a larger home, in Epsom.
Is not wanting to raise funds by buying and selling not trading ???? Mr Thompson IMO has destroyed any defense of not being a trader away from HIS staff member.
Also from the timeline 6 weeks for Xiaoli Zhen to buy then have a change of intentions and re market the property and sell& settle for a second time is in a very crammed timeline.
What is not mentioned was a: when did the property re-enter the market
and b: when did the “trust” that purchased the property entered into a S&P agreement ?
A few years ago the house next door to mine was sold to a Hong Kong businessman. He told the previous owners he was buying it for his mother who would be arriving in a few months time. Yeah right. Mother never turned up. House has been rented ever since – raking in $800 plus per week.
Have just tuned in to Radio Live 12.45pm to see if they may be discussing the financial stock markets melt down – Willie isn’t averse to chatting politics but Alison Mau is not the fun JT used to be – they are discussing facial tattooing and how it impinges on people’s lives who have them. I rarely listen to any radio these days but thought today may be interesting. Lord save us now I know why I cancelled the Herald 12 months, the Listener is on death watch and going to go the same way – Karyn Hay in the 8-midnight slot is now a waste of time. Why cannot anybody on MSM just talk about things which are actually important to us all – its just all fluff and nonsense. Now I know why there used to be underground newspapers back in the day – I can see it happening again here one day, at least we do have the net with its many sites we can visit thank goodness. How people can listen to this drivel I cannot fathom. My whinge for today.
MSM radio is a wasteland for the ears but we still have alternate independent radio, first and foremost for indy music lovers but also for social and political commentary and interviews. Check out this doco that was on a while ago: Radio Punks.
Cool, I’ve been wanting to see that Radio Punks doco by Jeremy Wells too. That’s good you don’t need to have a Sky subscription, you can just sign up to Sky Go and watch it for free it says in your link: http://www.skygo.co.nz/product/857507.aspx
Uber CEO Travis Kalanick often talks about his dream of the perfect Uber trip. “It’s the perpetual trip, the trip that never ends,” he said at the Digital-Life-Design conference in Europe last October. “The driver picks one passenger up, picks another passenger up, drops off the first passenger, but then picks up passenger number three and drops off passenger number two.”
This week in San Francisco, Uber took a first step toward realizing the vision that Kalanick described. The ride-hail company began experimenting with a new ride option called Smart Routes. The idea is drivers will be able to both pick up and drop off passengers along a specific route, which in turn allows them to quickly pick up their next passenger. For now the company is experimenting with only two routes: Fillmore Street between Haight and Bay, and Valencia Street between 15th and 26th.
Buying a house as an older person? Some banks are refusing to offer a mortgage as, it was said, they say that people will not be able to pay the loan back. I though that was why they take the house as security, making sure it is valued correctly if they do their job. A further madness in their approach, on top of other lending practices for buying businesses on a leverage basis with small deposit inputs, and having money for foreign buyers. http://www.radionz.co.nz/news/national/282366/the-mid-life-mortgage-crisis
The news is on its not live weve seen it about 10 times to day yeah just another show nothing to get up about Strawberry fields forever
Just axe it and save the country millions to put into railways
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A listing of 25 news and opinion articles we found interesting and shared on social media during the past week: Sun, January 12, 2025 thru Sat, January 18, 2025. This week's roundup is again published soleley by category. We are still interested in feedback to hone the categorization, so if ...
After another substantial hiatus from online Chess, I’ve been taking it up again. I am genuinely terrible at five-minute Blitz, what with the tight time constraints, though I periodically con myself into thinking that I have been improving. But seeing as my past foray into Chess led to me having ...
Rise up o children wont you dance with meRise up little children come and set me freeRise little ones riseNo shame no fearDon't you know who I amSongwriter: Rebecca Laurel FountainI’m sure you know the go with this format. Some memories, some questions, letsss go…2015A decade ago, I made the ...
In 2017, when Ghahraman was elected to Parliament as a Green MP, she recounted both the highlights and challenges of her role -There was love, support, and encouragement.And on the flipside, there was intense, visceral and unchecked hate.That came with violent threats - many of them. More on that later.People ...
It gives me the biggest kick to learn that something I’ve enthused about has been enough to make you say Go on then, I'm going to do it. The e-bikes, the hearing aids, the prostate health, the cheese puffs. And now the solar power. Yes! Happy to share the details.We ...
Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by Sue Bin Park from the Gigafact team in collaboration with members from our team. You can submit claims you think need checking via the tipline. Can CO2 be ...
The old bastard left his ties and his suitA brown box, mothballs and bowling shoesAnd his opinion so you'd never have to choosePretty soon, you'll be an old bastard tooYou get smaller as the world gets bigThe more you know you know you don't know shit"The whiz man" will never ...
..Thanks for reading Frankly Speaking ! Subscribe for free to receive new posts and support my work.The Numbers2024 could easily have been National’s “Annus Horribilis” and 2025 shows no signs of a reprieve for our Landlord PM Chris Luxon and his inept Finance Minister Nikki “Noboats” Willis.Several polls last year ...
This Friday afternoon, Māori Development Minister Tama Potaka announced an overhaul of the Waitangi Tribunal.The government has effectively cleared house - appointing 8 new members - and combined with October’s appointment of former ACT leader Richard Prebble, that’s 9 appointees.[I am not certain, but can only presume, Prebble went in ...
The state of the current economy may be similar to when National left office in 2017.In December, a couple of days after the Treasury released its 2024 Half Year Economic and Fiscal Update (HEYFU24), Statistics New Zealand reported its estimate for volume GDP for the previous September 24 quarter. Instead ...
So what becomes of you, my love?When they have finally stripped you ofThe handbags and the gladragsThat your poor old granddadHad to sweat to buy you, babySongwriter: Mike D'aboIn yesterday’s newsletter, I expressed sadness at seeing Golriz Ghahraman back on the front pages for shoplifting. As someone who is no ...
It’s Friday and time for another roundup of things that caught our attention this week. This post, like all our work, is brought to you by a largely volunteer crew and made possible by generous donations from our readers and fans. If you’d like to support our work, you can join ...
Note: This Webworm discusses sexual assault and rape. Please read with care.Hi,A few weeks ago I reported on how one of New Zealand’s richest men, Nick Mowbray (he and his brother own Zuru and are worth an estimated $20 billion), had taken to sharing posts by a British man called ...
The final Atlas Network playbook puzzle piece is here, and it slipped in to Aotearoa New Zealand with little fan fare or attention. The implications are stark.Today, writes Dr Bex, the submission for the Crimes (Countering Foreign Interference) Amendment Bill closes: 11:59pm January 16, 2025.As usual, the language of the ...
Excitement in the seaside village! Look what might be coming! 400 million dollars worth of investment! In the very beating heart of the village! Are we excited and eager to see this happen, what with every last bank branch gone and shops sitting forlornly quiet awaiting a customer?Yes please, apply ...
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 Green Party has welcomed the provisional ceasefire deal between Israel and Hamas, and reiterated its call for New Zealand to push for an end to the unlawful occupation of Palestine. ...
The Green Party welcomes the extension of the deadline for Treaty Principles Bill submissions but continues to call on the Government to abandon the Bill. ...
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 ...
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 ...
Prime Minister Christopher Luxon has delivered a refreshed team focused on unleashing economic growth to make people better off, create more opportunities for business and help us afford the world-class health and education Kiwis deserve. “Last year, we made solid progress on the economy. Inflation has fallen significantly and now ...
Veterans’ Affairs and a pan-iwi charitable trust have teamed up to extend the reach and range of support available to veterans in the Bay of Plenty, Veterans Minister Chris Penk says. “A major issue we face is identifying veterans who are eligible for support,” Mr Penk says. “Incredibly, we do ...
A host of new appointments will strengthen the Waitangi Tribunal and help ensure it remains fit for purpose, Māori Development Minister Tama Potaka says. “As the Tribunal nears its fiftieth anniversary, the appointments coming on board will give it the right balance of skills to continue its important mahi hearing ...
Almost 22,000 FamilyBoost claims have been paid in the first 15 days of the year, Finance Minister Nicola Willis says. The ability to claim for FamilyBoost’s second quarter opened on January 1, and since then 21,936 claims have been paid. “I’m delighted people have made claiming FamilyBoost a priority on ...
The Government has delivered a funding boost to upgrade critical communication networks for Maritime New Zealand and Coastguard New Zealand, ensuring frontline search and rescue services can save lives and keep Kiwis safe on the water, Transport Minister Simeon Brown and Associate Transport Minister Matt Doocey say. “New Zealand has ...
Mahi has begun that will see dozens of affordable rental homes developed in Gisborne - a sign the Government’s partnership with Iwi is enabling more homes where they’re needed most, Associate Housing Minister Tama Potaka says. Mr Potaka attended a sod-turning ceremony to mark the start of earthworks for 48 ...
New Zealand welcomes the ceasefire deal to end hostilities in Gaza, Foreign Minister Winston Peters says. “Over the past 15 months, this conflict has caused incomprehensible human suffering. We acknowledge the efforts of all those involved in the negotiations to bring an end to the misery, particularly the US, Qatar ...
The Associate Minster of Transport has this week told the community that work is progressing to ensure they have a secure and suitable shipping solution in place to give the Island certainty for its future. “I was pleased with the level of engagement the Request for Information process the Ministry ...
Associate Health Minister David Seymour says he is proud of the Government’s commitment to increasing medicines access for New Zealanders, resulting in a big uptick in the number of medicines being funded. “The Government is putting patients first. In the first half of the current financial year there were more ...
New Zealand's first-class free trade deal and investment treaty with the United Arab Emirates (UAE) have been signed. In Abu Dhabi, together with UAE President His Highness Sheikh Mohammed bin Zayed, New Zealand Prime Minister, Christopher Luxon, witnessed the signing of the Comprehensive Economic Partnership Agreement (CEPA) and accompanying investment treaty ...
The latest NZIER Quarterly Survey of Business Opinion, which shows the highest level of general business confidence since 2021, is a sign the economy is moving in the right direction, Finance Minister Nicola Willis says. “When businesses have the confidence to invest and grow, it means more jobs and higher ...
Events over the last few weeks have highlighted the importance of strong biosecurity to New Zealand. Our staff at the border are increasingly vigilant after German authorities confirmed the country's first outbreak of foot and mouth disease (FMD) in nearly 40 years on Friday in a herd of water buffalo ...
Associate Justice Minister Nicole McKee reminds the public that they now have an opportunity to have their say on the rewrite of the Arms Act 1983. “As flagged prior to Christmas, the consultation period for the Arms Act rewrite has opened today and will run through until 28 February 2025,” ...
Complaints about disruptive behaviour now handled in around 13 days (down from around 60 days a year ago) 553 Section 55A notices issued by Kāinga Ora since July 2024, up from 41 issued during the same period in the previous year. Of that 553, first notices made up around 83 ...
The time it takes to process building determinations has improved significantly over the last year which means fewer delays in homes being built, Building and Construction Minister Chris Penk says. “New Zealand has a persistent shortage of houses. Making it easier and quicker for new homes to be built will ...
Minister of Internal Affairs Brooke van Velden is pleased to announce the annual list of New Zealand’s most popular baby names for 2024. “For the second consecutive year, Noah has claimed the top spot for boys with 250 babies sharing the name, while Isla has returned to the most popular ...
Work is set to get underway on a new bus station at Westgate this week. A contract has been awarded to HEB Construction to start a package of enabling works to get the site ready in advance of main construction beginning in mid-2025, Transport Minister Simeon Brown says.“A new Westgate ...
Minister for Children and for Prevention of Family and Sexual Violence Karen Chhour is encouraging people to use the resources available to them to get help, and to report instances of family and sexual violence amongst their friends, families, and loved ones who are in need. “The death of a ...
Rupert Murdoch’s News Corporation has misled the Australian Parliament and is liable to prosecution — not that government will lift a finger to enforce the law, reports Michael West Media.SPECIAL REPORT:By Michael West Rupert Murdoch’s News Corporation has misled the Australian Parliament. In a submission to the Senate, ...
Opinion: Architecture has the power to shape our lives, not only in our homes and workplaces but in the public spaces that we all share. Civic architecture – our public libraries, train stations, swimming pools, schools, and other community facilities – is more than just functional infrastructure.These buildings are the ...
Asia Pacific Report A co-founder of a national Palestinian solidarity network in Aotearoa New Zealand today praised the “heroic” resilience and sacrifice of the people of Gaza in the face of Israel’s ruthless attempt to destroy the besieged enclave of more than 2 million people. Speaking at the first solidarity ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Neale Daniher, a campaigner in the fight against motor neurone disease and a former champion Essendon footballer, is the 2025 Australian of the Year, Himself a sufferer from the deadly disease Daniher, 63, who ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Peter Dutton has chosen a dark horse in naming David Coleman for the key shadow foreign affairs portfolio, in a reshuffle that also seeks to boost the opposition’s credentials with women. Coleman has been ...
By Harry Pearl of BenarNews Vanuatu’s top lawyer has called out the United States for “bad behavior” after newly inaugurated President Donald Trump withdrew the world’s biggest historic emitter of greenhouse gasses from the Paris Agreement for a second time. The Pacific nation’s Attorney-General Arnold Loughman, who led Vanuatu’s landmark ...
ACT leader David Seymour is being slammed for his "extreme right-wing policies" after saying Aotearoa needs to get past its "squeamishness" about privatisation. ...
By Moera Tuilaepa-Taylor, RNZ Pacific manager RNZ International (RNZI) began broadcasting to the Pacific region 35 years ago — on 24 January 1990, the same day the Auckland Commonwealth Games opened. Its news bulletins and programmes were carried by a brand new 100kW transmitter. The service was rebranded as RNZ ...
If you believe Prime Minister Chris Luxon economic growth will solve our problems and, if this is not just around the corner, it is at least on the horizon. It won’t be too long before things are “awesome” again. If you believe David Seymour the country is beset by much greater ...
Opinion: New Zealand’s universities are failing to prepare students for the entrepreneurial realities of the modern economy. That is a key finding of the Science System Advisory Group report released Thursday as part of the Government’s major science sector overhaul.The report highlights major gaps in entrepreneurship and industry-focused training. PhD ...
I first met Neve at a house party in Mount Maunganui. She was tall, blonde and tanned. An influencer typecast. She wore a string of pearls and a shell necklace that sat around her collarbones, and a silk dress that barely passed her crotch. Her hair was in tight curls—I ...
The Angry LeftSummer in New Zealand, and what does Christopher Luxon do about it? He goes fishing. Unbelievable.And worse, he does it in a boat. How tone-deaf is that? There he is, fishing, at sea, in a boat that would be better put to some practical use, like housing. How ...
A Complete Unknown may be fictionalised but it gets the key parts right. What is biography for? Especially the biopic, in which years and people and facts must be compressed into a mass-audience-friendly, sub-three-hour format. And what does biography do with an artist as immortal, inimitable and unwilling as Bob ...
The pool is a summery delight for swimmers and a smart move from the mayor. Last week I walked through Auckland’s Wynyard Quarter, commando and braless. After smugly setting off that morning for my second swim at the Karanga Plaza pool, dubbed Browny’s Pool by mayor Wayne Brown, I realised ...
Following his headline act in the Christchurch Buskers Festival, Alex Casey chats to Sam Wills about spending two decades as the elusive Tape Face. It’s a Thursday night at The Isaac Theatre Royal in Ōtautahi, and the fly swats, rubbish bags, and coat hangers littered across the stage make it ...
In my late 50s, I discovered long-distance hiking – and woke up to a new life infused with the rhythms of nature. The Spinoff Essay showcases the best essayists in Aotearoa, on topics big and small. Made possible by the generous support of our members.It began innocuously, just before my ...
The comedian and actor takes us through his life in television, including the British sitcom that changed his life and the trauma of 80s Telethons. You may know him best as Murray from Flight of the Conchords, or Stede Bonnet from Our Flag Means Death, but Rhys Darby is taking ...
Madeleine Chapman reflects on the week that was. Nearly every piece of advice or social trend can be boiled down to encouraging people to say “yes” more or “no” more. Dating advice has a foundation of saying yes, putting yourself out there, being open to new people and possibilities. The ...
Asia Pacific Report The Fijians for Palestine Solidarity Network (FPSN) and its allies have called for “justice and accountability” over Israel’s 15 months of genocide and war crimes. The Pacific-based network met in a solidarity gathering last night in the capital Suva hosted by the Fiji Women’s Crisis Centre and ...
Analysis - There needs to be recognition of the significant risks associated with focusing on mining and tourism, Glenn Banks and Regina Scheyvens write. ...
Source: The Conversation (Au and NZ) – By Mark Patrick Taylor, Chief Environmental Scientist, EPA Victoria; Honorary Professor, School of Natural Sciences, Macquarie University Andriana Syvanych/Shutterstock Most of us are fortunate that, when we turn on the tap, clean, safe and high-quality water comes out. But a senate inquiry ...
Analysis: Try as they might, Christopher Luxon and his partners in NZ First have been unable to distance themselves from the division caused by the Treaty Principles Bill, hampering the potential for further progress in areas where the Prime Minister believes the Crown and tangata whenua can collaborate.While the celebration ...
The Treaty Principles Bill continues to dog the National Party despite Luxon's repeated efforts to communicate the legislation will not go beyond second reading. ...
Source: The Conversation (Au and NZ) – By Julia Richardson, Professor of Human Resource Management, Head of School of Management, Curtin University Gorodenkoff/Shutterstock US President Donald Trump has called time on working from home. An executive order signed on the first day of his presidency this week requires all ...
The prime minister says he can mend the relationship with Māori after the bill is voted down, and he would refuse a future referendum in the next election's coalition negotiations. ...
Forest & Bird will continue to support New Zealanders to oppose these destructive activities and reminds the Prime Minister that in 2010, 40,000 people marched down Queen Street, demanding that high-value conservation land be protected from mining. ...
Source: The Conversation (Au and NZ) – By Glenn Banks, Professor of Geography, School of People, Environment and Planning, Te Kunenga ki Pūrehuroa – Massey University Getty Images Prime Minister Christopher Luxon’s state-of-the-nation address yesterday focused on growth above all else. We shouldn’t rush to judgement, but at least ...
RNZ Pacific Fiji’s Minister for Health and Medical Services has declared an HIV outbreak. Dr Ratu Atonio Rabici Lalabalavu announced 1093 new HIV cases from the period of January to September 2024. “This declaration reflects the alarming reality that HIV is evolving faster than our current services can cater for,” ...
Acting PSA National Secretary Fleur Fitzsimons says the ACT proposals would take money from public services and funnel it towards private providers. Privatisation will inevitably mean syphoning money off from providing services for all to pay profits ...
If there ever was a day which showed up the utter mediocrity of the mainstream media in New Zealand, today would be a contender.
In the past 24 hours, after the collapse of the share prices in China, NZ’s largest market, stock markets round the world have plummeted the worst since 2007.
And NZ’s largest selling daily leads with stories about car washers and a blonde NZer in London looking for jobs.
Beyond satire.
Yes I noticed the exact same
Do not trust mainstream media for an accurate picture of what is going on in the world.
You could try here.
http://www.aljazeera.com/watch_now/
Or here
http://eveningreport.nz/
The NZ MSM is a joke.
Is that hardcopy or online Paul?
I saw it online in the Herald and Stuff. I don’t know about MSN or Yahoo xtra home pages
We know he’s a yanker but is John Key a Yank?
Interesting piece of speculation: https://aotearoaawiderperspective.wordpress.com/2014/10/16/is-john-key-an-american-will-you-help-us-find-out/
on the China stockmarket correction. from what I’ve read it doesn’t seem to hold a great deal of significance for the rest of the world.
here are the guys I follow and trust on the Chinese economy:
George Magnus ~ @georgemagnus1, georgemagnus.com
Patrick Chovanec ~ @prchovanec
Victor Shih ~ @vshih2
Michael Pettis ~ mpettis.com
I’d appreciate if anyone could reply with names of other solid writers on China’s economy.
I was in suzhou recently. it’s a great city, well preserved by Chinese standards. a few economic observations :
1. commerce, at least of the brick and mortar variety, appears to be in serious distress, judging by tenancy rates in “popular” shopping areas.
2. Chris Patten has pointed out that China was the richest place in the world for 18 of the past 20 centuries. suzhou was a key part of that story, being an important city since at least the Han. but that’s the rub: cities are probably a better rubric than empires through which to view history. they possess the advantage of concreteness for one. at any rate, it’s better to say of China that it was extremely poor for much of its history, with a few fantastically wealthy cities dotted around the place (though google 清明上河图 for an indication that it wasn’t all the 1% vs the 99).
3. if you observe renaissance art closely you can sometimes encounter surprisingly lucid foreshadowings of modern styles like expressionism, tucked away inconspicuously on the sidelines of the major action. likewise in the suzhou museum I was surprised by artwork dating from the qing which possessed elements I’d always associated with the mid 20th century: minimalism, relatively wild experimentation, and some ceramics with funky patterning that put me in mind of Len Lye. and all this put,means in mind of that famous observation of Karl Marx that every step of human progress is afforded from the suffering of the vast majority of humanity. I’m not saying that to be a buzzkill, but because of the profound importance as I see it of trying to conceptually tie the human experience into a coherent whole.
Very interesting. On point three, if you take out the Western understanding found with Marx and insert a Chinese perspective (my very general summary) the conclusion changes:
From,
“…every step of human progress is afforded from the suffering of the vast majority of humanity…”
to
“…every expression of human endeavour is reflective of the nature of heaven, and heaven reflects all that cannot be reflected…”
which is a sort of a riddle (that I’ve made up to attempt encompass a lot of metaphysical explanation) that implies if we stand here in the Western world and look over there into the history of “Chinese art” we see that we are either part of the past because we are dragging our feet by focussing and elevating material things and restrictive ideas to the detriment of everything else, or/and, that art is timeless and has no development or “period”; and to “access it” – which is a very Western concept – we need better balance in our attentions. While “human suffering” from a historical chinese philosphical perspective during those “18 to 20 centuries” was simultaneously acknowledged, lamented, venerated and dismissed as irrelevent by Chinese thinkers (more in the earlier than later part of that huge period), it’s important to notice that the perspective of something being only good/bad wasn’t as dominant as Western thinkers like to consider it when they see human suffering, or anything, for that matter.
No doubt this will enrage you in some way, but bear in mind it is only my opinion based on what I think I have learned, inspired by the topic you raised, and not addressed as a challenge to you specifically.
China has been a bureaucracy for the better part of 2000 years.
Lesson: Kings and emperors come and go, the bureaucracy remains.
Largely what the RWNJs want to do is to get rid of the bureaucracy and just have the kings. This doesn’t work as it’s the bureaucracy that actually gets things done. 30+ years of neoliberalism and the attack on government bureaucracy and we now have more bureaucracy than we ever had before – it’s just that it’s now in the private sector.
Want more competition? Then we need more bureaucracy to manage it.
Want more courses at uni? Then we need more bureaucracy to manage that as well.
Want National Standards? Then more bureaucracy and having the teachers do it is still an increase in bureaucracy and a subsequent decrease in teaching.
Getting rid of the back office so as to have more front office doesn’t work as the front office can only work because of what the back office does and the back office, the bureaucracy, is more important as it’s what ensures that everything is in place to allow the front office to do it’s job. Of course, the workers that create the material objects that the bureaucracy ensures is in place are more important again.
When the right-wing try to get rid of the bureaucracy it just adapts around them and both the front office (MPs) and the back office forget about the workers.
well, the bureaucracy was by no means in stasis over that period.
new zealand has lost its way, amongst many other countries. i find largely monocultural societies fascinating because their culture is an identity that they can rally publicly around to try to fight some of this rot. simply can’t be done in migrant nations cos they’re too diffuse.
Serco is under the gun from Kelvin Davis (and rightfully so) but will Kelvin Davis say anything about this: https://www.tvnz.co.nz/one-news/new-zealand/corrections-apologises-to-family-of-sick-patient-who-died-q07278.html
Some on the standard might find this interesting.
it touches on basic needs capitalism failing to meet them and touches on renationalisation of some services with highly automated public sector vs privatisation.
http://www.scoop.co.nz/stories/PO1508/S00254/why-tppa-could-rob-our-children-of-a-truly-prosperous-future.htm
Thanks Coffee, I think LPrent has been pointing some of this stuff out. Given the lack of desire of many to share, it is a little scary to contemplate much of what the writer is suggesting. Actually, VERY scary.
TheBMJ (formerly the British Medical Journal) is carrying a feature comparing different nations’ laws around assisted dying, assisted suicide and euthanasia (with definitions provided). This is part of the debate in UK and Wales about impending Law changes.
http://www.bmj.com/content/351/bmj.h4481
Minister voted against earlier Easter trading bill
No, they can’t. That’s because everything that National have done in power is to make it so that people can’t refuse to work. Nationals attacks on beneficiaries and workers have made it so that if you’ve got a job, no matter how much it costs you and the government, you do everything to keep that job because otherwise National can, and will, make it worse for you.
The other issue is are the govt going to pay the councils for the service. HA
Councils should just refuse to take on the extra admin
Exactly Draco. Had to laugh at Michael Woodhouse on the news last night when he said that. What a clueless statement. (Who can forget other gems, such as zero hour contracts are casual contracts).
He really is out of touch with the lives of retail and hospo workers if he thinks you can simply ask for the public holiday off and your boss will give it to you, or even negotiate a different public holiday off in it’s place – especially when some businesses function on a perpetually short staffed roster. That’s along side the “compelled to work or else” fear that hangs over workers heads these days, as you’ve mentioned.
Point two: The fact that he previously voted against Jackie Deans’ bill in 2012 clearly shows this announcement was nothing more that a PR stunt to distract from his disastrous management of the H&S amendment bill. What a cynical move from some one so out of his depth.
Some hospitality industry players can’t abide by current industrial law requirements and are trialing new workers without employment agreements and providing wages in the form of drink vouchers.
Not satisfied with low wages they now believe it’s their right to pay no wages.
They want it all.
Yeah.
Friend of mine didn’t even get vouchers. Fortunately she got a paying job elsewhere.
If that is what it has become, then these people do not have a business. At all.
Hi Atiawa. I think I read a post by you on this previously. It didn’t surprise me sadly. I’ve read newspaper articles about restaurants that MBIE eventually caught up with over the issue of the non payment of staff.
My last boss, in retail, paid people, reluctantly, when they reminded him their wages hadn’t turned up in their accounts. He only did that to me once and never did it again once I expressed my feelings about it and reminded him of his obligations. After I left that place I heard that some of the young ones simply didn’t get paid for up to a week, and missed pay cycles entirely.
I’ve had some bad bosses in my work life but never have I not been paid, until then.
I have a young friend who got his first job about 6 months ago. Prior to that WINZ sent him out on a “trial” with a charity that was going door to door. He was given a form to sign. It was a waiver saying he wouldn’t be paid. He signed it because he didn’t want any trouble from WINZ. If he didn’t sign he feared he could be sanctioned.
Blackmail and exploitation rolled into one. What a start to the working life it was for him.
This is your brighter futures workers!
“KUALA LUMPUR: There are only a handful of issues to be resolved in the ongoing Trans Pacific Partnership negotiations, said US Trade Representative Michael Froman.
“The Hawaii ministerial meeting was productive and we closed a dozen difficult issues, and at the end of the day there are now a handful of issues which needed further work,” he said on the sidelines of the Third East Asia Summit here yesterday.
…….
“Since the Hawaii meeting, negotiating countries have to go back and sort with their stakeholders, cabinet and parliament.”
http://www.nst.com.my/node/97618
Let us remind Tim Groser and John Key that WE, the Citizens of NZ/Aotearoa ARE STAKEHOLDERS.
We will not be sorted by being insulted. We, the payers of their salaries, do not give them permission to trade away our sovereignty.
The Prime Minister states “I kind of love everything American – sports, food, golf courses, there’s nothing I don’t like.”
Great. Let him emigrate to his Hawai’i home.
Sacrificing the sovereignty of NZers by stealth is ….treason in my opinion.
I feel certain the stakeholders have been sorted… 😉
I read a comment the other day that eluded to the Treason Laws having been recently changed in NZ. I wasn’t aware of this with the exception of the removal of Sedition or is this what they would have been talking about.
Can anyone shed any light on this in relation to our laws on treason?
https://en.wikinews.org/wiki/New_Zealand_repeals_sedition_law
At a time when many countries are tightening anti-terrorism legislation and discussing on whether to “crack-down” on freedom of speech, New Zealand has repealed its sedition law. The Crimes (Repeal of Seditious Offences) Amendment Bill was passed by the New Zealand Parliament by an overwhelming majority of 114 to 7.
Sedition is the crime of inciting insurrection against the state. New Zealand’s sedition law criminalised speech intended to “bring into hatred or contempt” or “excite disaffection” against the monarch or the government or to incite or encourage “violence, lawlessness, or disorder”. The law had been widely criticised following the conviction of Timothy Selwyn in 2006 – the first sedition prosecution in 75 years – and repeal had been recommended by the New Zealand Law Commission.
Minister of Justice Mark Burton criticised the law as an infringement on freedom of speech and a tool of political persecution – a view widely echoed by MPs from across the house. Green Party MP Keith Locke noted that “the roll-call of those charged is a roll call of our political heroes”. However, New Zealand First MP Ron Mark advocated retaining the law in light of current fears about terrorism. New Zealand First was the only party to vote against the bill.
The bill repeals all seditious offences, and will come into effect on January 1, 2008.
How interesting. Thanks Tautoko Mango Mata.
Can make some interesting observations about odds & chances from this titbit….
“Sold four times in 13 weeks – price jumps $153,000”
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11501777
The house itself seems unremarkable, it’s just another Auckland house, so the odds of this being a unique event appear low to none. We can reasonably assume many Auckland houses are being regularly onsold.
If the statements are taken as gospel we can also believe that a high proportion of Auckland home buyers are forced to sell again within weeks due to changed circumstances. The forced sale of course precluding the need to pay tax on any gains made.
I’m also wondering how the RE spokesperson can be so sure of the sellers motives. He’s just an agent, not a confidante, so how would he know the real reasons for selling?
What’s the chances of the IRD or any other authority investigating this?
zero.
speculators doing as speculators do?
and you expect the IRD to investigate?
Why that would upset the Landlord class, would it not?
“speculators doing as speculators do? ”
Dunno, it all looks a bit odd. If we take this on face value it’s a random Auckland house with random samples of buyers from the Auckland market. You can’t really establish a strong pattern from one house but you can rule it out as a one-off event, the (alleged) randomness of house & buyers says it can’t be unique.
Having said that I very much doubt a large proportion of Auckland houses are being resold up to four times within months of being put on the market for the first time. I’d think it more likely something was going on there and that it would behoove the authorities to find out what.
there is a house right accross from where i have been sitting that has sold three times in 6 month.
surely all the previous owners bought the house and then promptly went bankrupt, forcing to sell the house for a tidy profit each time for about 70.000, considering that the first time it sold for about 690.000 and it is now being readied again to go one the market, expectations now are 1.000.000, and likely to get it. So sold for 690.000, sold for 780.000, sold for 900.000 and again…
Yeah, right no speculation here ….none what so ever.
Just poor schlops having over extended themselvs and now making a buck. Btw. the between the 690.000 and 900.000 the house was empty.
there are a few more houses in my street that have sold several times per year. Funny, it is always the same, either empty or tenanted properties that go up for sale, like clockwerk every few month.
Mentioned a house less than 100 metres away from me that sold for the third time in six months about a month ago. Guess what, it’s up for sale again!
“My understanding is that the person who sold it is a member of our property staff,” he said.
But Mr Thompson said that person had a genuine reason to sell the vacant property, in wanting to raise funds for a family member who had bought a larger home, in Epsom.
Is not wanting to raise funds by buying and selling not trading ???? Mr Thompson IMO has destroyed any defense of not being a trader away from HIS staff member.
Also from the timeline 6 weeks for Xiaoli Zhen to buy then have a change of intentions and re market the property and sell& settle for a second time is in a very crammed timeline.
What is not mentioned was a: when did the property re-enter the market
and b: when did the “trust” that purchased the property entered into a S&P agreement ?
A few years ago the house next door to mine was sold to a Hong Kong businessman. He told the previous owners he was buying it for his mother who would be arriving in a few months time. Yeah right. Mother never turned up. House has been rented ever since – raking in $800 plus per week.
https://www.youtube.com/watch?v=a-ZRwqBbdaE
Bernie Sanders Surges Past Hillary In Polls
I don’t know too much about him but it must be a better option then having Hillary as president
If you’re left leaning and you see a bit of him then you’ll want to see more. Refreshing.
Greece is struggling to secure a 370 billion bailout.
But there was no problem with taxpayers bailing out the banks.
Citygroup 2.5 trillion
Morgan Stanley 2 trilion
Merril lynch 1.9 trillion
… the list of bank bailouts with tax dollars goes on….
http://www.nzherald.co.nz/noel-leeming/news/article.cfm?c_id=1503808&objectid=11500725
I’m sure it makes the Herald good money but i’m also equally sure it drives people away from getting the newspaper in the first place
oh that is good
Why are they so greedy? That’s a bloody good question.
Have just tuned in to Radio Live 12.45pm to see if they may be discussing the financial stock markets melt down – Willie isn’t averse to chatting politics but Alison Mau is not the fun JT used to be – they are discussing facial tattooing and how it impinges on people’s lives who have them. I rarely listen to any radio these days but thought today may be interesting. Lord save us now I know why I cancelled the Herald 12 months, the Listener is on death watch and going to go the same way – Karyn Hay in the 8-midnight slot is now a waste of time. Why cannot anybody on MSM just talk about things which are actually important to us all – its just all fluff and nonsense. Now I know why there used to be underground newspapers back in the day – I can see it happening again here one day, at least we do have the net with its many sites we can visit thank goodness. How people can listen to this drivel I cannot fathom. My whinge for today.
MSM radio is a wasteland for the ears but we still have alternate independent radio, first and foremost for indy music lovers but also for social and political commentary and interviews. Check out this doco that was on a while ago: Radio Punks.
https://www.facebook.com/PrimeTV/videos/vb.152231559987/10154321232504988/?type=2&theater
I wouldn’t be without my Radio Active – It keeps me sane 🙂
Cool, I’ve been wanting to see that Radio Punks doco by Jeremy Wells too. That’s good you don’t need to have a Sky subscription, you can just sign up to Sky Go and watch it for free it says in your link:
http://www.skygo.co.nz/product/857507.aspx
Finally some justice…
Mobil to pay $10m for tank farm cleanup
You have to wonder why this wasn’t found in the first place.
Or is it ok to leave contamination on public land after you vacate?
The CEO of UBER is on to it:
Or, as this person put it, A bus. This man is describing a bus.
So glad that we have these over-paid morons to tell us how to do things we already know how to do…
a bus with highly exploited workers.
Buying a house as an older person? Some banks are refusing to offer a mortgage as, it was said, they say that people will not be able to pay the loan back. I though that was why they take the house as security, making sure it is valued correctly if they do their job. A further madness in their approach, on top of other lending practices for buying businesses on a leverage basis with small deposit inputs, and having money for foreign buyers.
http://www.radionz.co.nz/news/national/282366/the-mid-life-mortgage-crisis
The news is on its not live weve seen it about 10 times to day yeah just another show nothing to get up about Strawberry fields forever
Just axe it and save the country millions to put into railways
I viewed a news story about a number of Wellingtonians enduring a 38-hour wait through two chilly nights queueing for the latest version of Kanye West-designed shoes.
http://www.stuff.co.nz/life-style/fashion/71318756/kanye-wests-shoes-see-dozens-line-up-for-chance-to-buy
Which reminded me of this (documentary below)
I assume most here will remember the controversy surrounding it: http://tinyurl.com/pza6bbw but have you actually viewed it?
https://youtu.be/9tLK449NdmA