What to do about ridiculous housing prices prices? What actions would bring things back to only somewhat crazy, instead of the absolutely insanely ludicrous we have now?
Ashley Church has reckons, but as a spokesgargoyle for the wealthy land-owner class, his comments have the whiff of throwing out silly ideas in hopes of poisoning the well for more credible ideas.
Personally, I see a lack of reasonable investment alternatives as part of the problem in New Zealand.
The local share and bond markets are viper pits stuffed with unaccountable predatory wide-boys, leading to significant risk of serious losses for ordinary small investors. Yields have dropped to negligible levels.
There's certainly a lot of room for government actions to make improvements there, starting with more personal accountability for those at the top, and making it much harder for those that have behaved poorly to get back on the grift train after their wet-bus-ticket slap.
In the US, the managed investment community (mutual fund managers, pension managers etc) actually play a significant role in holding company top brass accountable. That doesn't seem to happen here. Dunno how much of that is fragmentation of that industry here, we've got lots of small players like Fisher, Kiwiwealth, Simplicity etc etc etc, each too small to have significant clout (and that smallness also contributes to the exorbitantly high management fees here). Some of it may be cultural, these people just don't see exercising accountability as part of their role.
Beyond that, there's potential punitive measures targeted directly at housing "bad people", ie landlords/investors. Such as mortgage surcharges for non-owner-occupied property, differential rating for owner-occupied vs unoccupied vs tenanted, stamp duties etc.
Coz sure as shit, the "solutions" being tossed around at the moment such as LVR, brightline test are going to have negligible effect at best.
The biggest impact on house prices is and always will be, fear.
Fear of missing out (FOMO) will drive them up…and fear of financial loss will drive them down….time to scare the crap out of those that think property is a one way trip.
There are multiple options to do so, but the gov has to have credibility or speed of ACTION….not jawboning
add to that fear of being unable to paying rent and ending up in a ditch with no help, cause well, where would you go to if you end up in a ditch? Winz? Lol.
It may be educational to see and hear this doco dated 1984 about the UK housing plan and how it became a political football where the parties threw large housing number targets at each other like mud pies, with chest beating similar to Twyford's.
Targets are a form of snake charming I think. Watch them rise up out of the throats of ambitious pollies and officials to the tunes of mendacious businessmen. But watch out they might bite you sooner or in later years when they show their cracks and faults.
Of course you're welcome to turn it into a guest post.
As a brief(-ish) comment it was more intended as a conversation starter. As a post, I'd fill out the ideas a bit more, but I'm about to take off for some errands so I can't do that filling out right now.
I have been doing some reading that offers solutions/different ways of doing things..that I was going to start sharing today…I'll save it for the post…
Just the first two that come to mind where family members have lost five-figure sums are Feltex and CadmusProvenco. There's been plenty more. You got any recollection what was happening around the 2008ish timeframe?
BTW, "significant risk of serious losses" (my actual phrase) is a very different concept to "serious losses" (the truncated quote you chose).
Also of interest post the exchange of letters between Orr and Robertson, Orr mentioning that he would appreciate a debt to income ratio. And to date after previous requests this tool has not been granted to the RB.
Now did not Roberson seek "Robertson has written to the Reserve Bank seeking advice on possible ways it could support the Government to meet its economic objectives, in particular with relation to house prices." Well Grant how about allow the RB this tool to limit the amount of debt anyone can accumulate, as was commented on during the interview – This tool is already available elsewhere ??? Low hanging fruit easy to pick !!!
The DTI was requested by a previous RBNZ Gov. (not sure when) but it was declined….Orr mentioned this yesterday at the stand up. He has since said that he would be happy to add DTI to the tool kit …that dosnt necessarily mean he will use it now or that he believes it will change prices. As he has reiterated, his mandate (and primary concern) is unemployment and financial stability.
The reality is there are many things the gov could do (or done) to improve housing affordability and they have done sweet FA.
I hope that at least there is considerable background work done the previous three years that can accelerate a response now, though I doubt it on past form
Speech from the Throne about 11am today on Parliament TV Channel 31.
In which the government outlines its legislative programme for the session – will this government with an impressive mandate be truly 'transformative' or merely another place-holder neokindness sort of do nothing government?
This would be the most-paid-attention-to speech from the throne in a while…they have to start pulling rabbits out of the hat…if they don't we will see some direct action pretty soon..methinks..
Direct Action will happen, and I will be looking for opportunities to be involved.
No Labour Minister or new MP should make a public appearance from now on without a small or large crew reminding them of a few items that need attention…
Don't despair, we have the next emergency already being lauded and it will be all focus on that since it is urgent and popular. Environmental emergency. There is another price to be won.
And everybody will forget that we have an infrastructure that fails – drinking water and sewage in particular – as this is palmed off to local councils. How they want to build new housing without getting that one right is beyond me.
Hospitals millions being used for contractor payouts and not the much needed upgrade to this "3rd world" hospital. But thank god we paid billions(!) to those needy companies to make sure the shareholders get their pound of flesh.
Labor is stumbling around without any action plan and may I say clue.
Very soon we will be going back in time. Get the horses and carts out, dust off the medical tools that have become museum pieces, be prepared to have all those yesteryear illnesses – Encephalitis, Hepatitis A, Typhoid Fever etc…
Meanwhile, incomes are not covering real inflation. Desk theorist that have never done a honest day job in their live are in charge and it shows.
Tuberculosis was all the thing back in George Orwell's day. And new strains of it are out and about – the old one could lurk and infect as covid does. Meningitis kills almost overnight sometimes.
In science people are encouraged to be critical of their measurement systems. In economics, not so much. For a long time not measuring housing inflation allowed a pack of charlatans to pretend to, and be handsomely paid for, their "expertise". As that system fails, the cornerstone falsehood of neoliberalism – the expertise of economists and bankers – has crumbled. Watch those with a political stake in it continue to defend it even as it washes away.
Rents are included in the CPI, because they are expenditures that are "consumed" in current period of time. But house prices are not, because they are expenditures on an asset to be consumed over many years. If you own a house, you will benefit from the rising prices–if and when you sell it. In a sense, houses are treated like capital goods–for consumers. That is, rising house prices are not a burden to home owners, whereas rising rents are a burden to renters.
Plausible, that they just didn't consider a market with scarcity created by ill-considered immigration policies on top of a building deficit created by the destruction of apprenticeships and compounded by the shoddy regulation and even shoddier inspection regimes that caused the leaky homes debacle. Plausible – but not excusable. They are paid like professionals – they ought to be responsible for outcomes.
Could it be as simple as the small movement of people or families moving to smaller cities and towns. It only takes a few numbers to distort a market and cashed up buyers from Auckland or Wellington descending on a town of 20 or 30 thousand will push up prices substantially. The houses they are leaving will inevitably get a very good price because of one simple fact, a lot of people want or need to move to Auckland but the fucking place is full.
A sure way to make things worse is to get the government trying to fix it with numerous measures ,the vast majority just inadvertantly making the problem worse.
This situation crops up every 10 years or so and has done since the 60s.
Mangakino is one of these places, and even worse, they knock down the houses to build boatsheds. So when it all comes crashing down the locals can buy boatsheds, cause the houses are all gone.
Ah, if we would just have a government that would actively try to entice businesses to settle elsewhere then just AKL, or even move some of the government burocracy to some other towns like it used to be.
Ah, if we just had a government that could, and would, but alas, nothing much will get done, just like the last three years nothing much was done.
One of the reasons i always lived in AKL was simply the fact that i can earn a living there.
Now i am self employed and i can take my trade with me, but if you are a standard office drone, female – and want a little bit of a career, it will be the big towns. Also for schools, recreation etc. The need for at least two cars – just to go shopping for food, lack of choices in regards to food, cost of living, housing is the same, but food costs more, line charges add a huge amount to winter heating, no access to doctors, i still travel to my dentist and gp to akl as do other people i know, lack of tradespeople to fix the delipidatedet houses, trades people that can't move cause they can't find an affordable rental or house to buy, trades people that can't find affordable commercial properties, you know all that stuff that for years have been ignored by all and everyone who ever called themself a 'honorable' MP/PM.
btw, Mangakino has a rental crisis. Go figure, as does Tokoroa. Locals can't afford to buy anymore. Go figure.
But the Queen is gonna give a speech telling us all that she will do fuck all as outlined before the election. We are going to have this discussion again in three years, just as we did under John Key a few years ago.
Seems tricky for any government to make recreation and employment opportunities that arise from greater concentrations of people somehow appear in small towns.
Nothing unique to NZ about it either. Most people like what cities offer more than they dislike the downsides. Others who prioritise things differently will thrive in smaller settlements.
Hospitals, or rural clinics, birthing centres, etc.
Jobs, yes, if the government is in job creation, then they must look also at the overlooked parts of NZ. One thing to make moving jobs to the country side easier would be adequite public transport, say trains for goods and people. I think Winston called it 'heavy rail'. A start. There is absolutly no need for Morrinsville, Huntly, etc to not be busy feeder towns. But alas, they are not. Go figure.
Recreation, i.e. restaurants, cinemas, playgrounds,swimming pools etc generally come with population mass. No population, no recreation.
So the question is not what can the government do, the question really should be 'why the fuck is the government not doing anything'. Start with reviving some rural clinics, birthing centres.
Schools, i hear we closed a whole bunch of them under John Key, and with many of these schools the last 'community centre' of the rural area closed. Well gee, THANKS A BUNCH government.
And honestly if this is not part of the Government why the fuck do we need one in hte first place? To give these empty, unintelligent, unimaginative people a pay they would not earn in private industry? and we have to pay them perks, and accommodation allowances and all that jazz, just so they can say 'We do nothing"? Really? If they can't to what needs to be done, we can fire at least half of either side of hte bench, and only do hte min. Build more roads.
What does the public of NZ get out of subsidising facilities in small towns to the same level of service that a city can sustain? Which other things could be funded instead that would benefit more people?
Jobs. It will get jobs. For a starter. I don't see hte issue, why the government can not help a company move to a rural area via tax incentives rather then the town that is full to bursting the seems.
Why can the government not build small clinics in thbe rural areas? The ones in our towns are pretty much at capacity. Again, these are jobs.
Schools. The government could really start building better schools, some on the country side are really really crappy i hear, and Jobs.
By the same token we could say, why should hte Government build another bridge over the Harbour? Let some private entity build it, and the users will just have to pay toll.
And then, we don't need government, and we do away with elections, and rulers and usless suits, Cause why would the Governement be needed if tey don't do what is needed?
And currently the thing that would benefit people is jobs. Jobs that generate Tax revenue, that bring life back to towns that are needing the influx of young people, it takes the pressure away from the larger towns etc etc etc.
Btw, "the government' funds but pays for nothing. "the taxpayer' pays for everything the government 'funds'. Just in case that people reallyh believe that 'the government' has any money to its name. It does not. The money to fund all the vanity projects that generally only serve the few – see Americas Cup (now what could be funded with all that money down that rich mans drains) – comes from us, the Tax paying citizens.
Because in a civilized country every live has the same value. A baby born has to have the same chance to live, be educated, able to survive, have drinkable water, is not exposed to contamination that is the result of waste and waste water…etc. etc.
so your new clinics don't need nurses, doctors, admins etc? nah? ok then.
i guess we don't need government at all then, right. We can just do away with it cause if they are no good to building public infrastructure what the fuck are they good for?
what would you that our current lot could/would/should do in order to get our smaller towns a bit of live back all the while we stop our larger towns busting and exploding all over the place just because that wafer thin mint was just to much to absorb?
Yes Adrian, I have seen this in the past when people from cities and bigger towns have descended on smaller more isolated towns and bought up. Locals thought great, my house price has gone up. A few months later, when the excitement has passed (which it always does) the out-of-towners leave and the local house market is back to the locals only, and the prices slowly slide back down again.
Adrian – sit back in your seat and enjoy the spectacle. As if it is the Colosseum and the needy are being pitted against well-fed, muscled gladiators.
This situation crops up every 10 years or so and has done since the 60s.
Don't bother to write and explain that it is a cyclical thing, 'been there, done that' before. That makes me feel sick and a number of people here who have to confront the problem. Your point must be, it has happened before, so the government should know about it, the causes and the horrific results on people, and the degrading of society and the country.
The people are revolting, and the government draws back from this indelicacy to positions above the maddening crowd.
The point is that shit happens in spite of governments best intentions. Governments racing around trying to control every little, or big thing, just becomes a shit-fight and begets bad law. Everything is cyclical, like the weather, sometimes you just have to ride it out with a little bit of sail trimming here and there until it blows over and then plan for it in calmer waters.
yep, that is quite the fucked up story there if ever there was. Suffer the little children cause the adults in charge give no fuck, and their overseers don't either.
I was witness to a similar situation with a close friend of mine who adopted her daughter on a permanent placement order, which her lawyer advised her to couple with a care support order.
The care support order, which required CYFS to provide additional counselling and support if the child required it became the bone of contention for social workers who diligently worked to put in obstacles to actually providing the support. Despite reassurances that the child was not affected by issues to do with Foetal Alcohol syndrome, it was only several years after placement that the social worker admitted that the way they determined this was to ask the biological mother if she had drunk during pregnancy. She said No.
Despite taking her daughter to the numerous consultants requested by CYFS, and others privately, and having a confirmed diagnosis of FAS, ADD, and a severe attachment disorder, CYFS continued for years to refuse to honour the care agreement. Until they came up with a solution during a family meeting. If my friend and her husband would sign a care order during the meeting, CYFS would then have access to all the funds they needed, and her daughter would then receive any and all support that was necessary.
They returned home, to discover the next day that the meeting records had them relinquishing custody to CYFS, who had organised that their daughter be removed from their care and given to the biological father and his new wife who had had no contact with the child at any stage. This family lived in Christchurch.
After watching the love, care and attention given to this child for years, it was painful to watch the distress of my friend who immediately challenged this interpretation of the meeting minutes. She was told that her view was not accepted. It took two years of legal intervention and a judgement in the Family Court to overturn this malicious act. The judge advised that he considered what had taken place as abuse by CYFS towards the family.
My friend was able to borrow the $20,000 from her mother to fight the case, but that is not always available to others. I suspect the ease of practice and disregard they had for the family, and also the wellbeing of the child, comes from repetition – and getting away with it more often than not.
They maligned the previous caregiver, and when it suited them, maligned my friends family, mostly because they asked for the professional support that the child was supposedly entitled to receive. I have a disregard for the way the previous institution was run. I have a suspicion that the same practices have been maintained in OT.
This is beyond a bad apple or an oversight, it speaks to culture, inflexibility and perhaps being able understaffed.
Celia Lashlie spoke of this. The parent, often Mum in isolation, is held accountable for every action or inaction. Meanwhile the PTB can carry on acting appallingly.
Ego driven social engineering where it goes without saying that the consequential harm to these children is completely ignored, but countered with bullshit 'it's a journey we're all taking' speak.
Most of what the social worker was saying in the interview with the foster parents was completely unintelligible and/or grossly insulting.
Might want to watch the opening segments of Alan Kohler’s Finance Report on the ABC as he has a couple of interesting graphs which made be of interest to a number of people here on the The Standard which would confirm what we already know about wage growth vs company profit vs sharemarket prices.
Shitty people with shitty motivations can still sometimes produce a worthwhile result.
In this case it seems Kim Jong Orange Jr's desires to murder wild animals were influential in denying a mining company's desire to poison wild animals by ruining their habitat. This time it's the Pebble Mine in Alaska, that had been previously denied by the Obama administration and then the Mandarin Mugabe cast some incantations over its crypt and it rose again. Hopefully this time the lid is on for good.
The flood gate of pardons has opened. Starting with "Lock her up" Flynn.
In theory, that's a move that could backfire. Since Flynn is now no longer at risk of personal consequences for the crimes he committed in service of Twitterfinger J. Putinpussy, he cannot take the Fifth Amendment. So now, he has no grounds to refuse to testify fully and truthfully, and is at risk of criminal charges if he doesn't.
Unless he gets an immunity from the relevant state he could make himself liable to prosecution – I don't think you can get him convicted for refusing to incriminate himself by testifying against someone else.
For starters, it's an hour and three quarters of video, which probably only has the information content of a few minutes worth of reading.
Video as a format is great for propagandists wanting to hook the gullible into investing a lot of time into having emotions manipulated who then have a sunk time cost in absorbing and regurgitating the intended message.
But video is a terrible medium for conveying factual information to anyone that likes to fact-check by looking for alternative sources and views on a topic in the midst of considering an argument being presented..
Every now and then I'll read something of Greenwald's, including a couple of his pieces on Flynn, to see if he's developed anything useful to say. But every time it's a disappointment. He's a propagandist presenting gish-gallops of misrepresentations, partial truths, omitted context, false equivalences, omission of any big picture, and other misinformation. Dunno what his angle really is, but his blind hatred of … something… taints his polemics to the point of uselessness.
As the councillor who, last year, proposed that the Southland Regional Council (Environment Southland) do the same thing, I'm hugely supportive and encouraged by the Government's proposal and at the same time greatly disappointed by my own council's failure to make the declaration, despite my best efforts to build support and understanding for the action. I've alerted my fellow councillors to the news and to my thoughts around their response
Ha! Concrete – yes, I baulk at the use of that word also, solkta, along with "ground-breaking" and "road-map"; these get used a lot in governance and tell me that we are bound by our language and until that changes or broadens, we will make change but slowly. The recent acceptance of Maori words and phrases by the courts and the Government ("hauora" and "te mana o te wai" in particular) gives the possibility of change a huge lift! I'm becoming excited at the potentials here.
Yes, but lets start at those things that matter. Like drinking water and sewage. If both fail, we wont need to think about any other issues as the illnesses from yesteryear will take care of those who still drive cars, heat their homes without expensive power, etc..
You don't think Climate Change matters? My sewage and drinking water are fine thanks. Climate Change though is likely to restrict my use of that drinking water for other things like it already has.
"To add further stability to the New Zealand Government, the Labour Party has agreed to work together with the Green Party of Aotearoa New Zealand through a Cooperation Agreement. This agreement commits the Government to working in the best interests of New Zealand and New Zealanders, working to honour Te Tiriti o Waitangi, and working together on specific policy areas where the Green Party can continue to add expertise and where both parties can achieve mutual gains that advance the goals of the Government."
I'm pretty sure there are plenty of us men concerned about the welfare of our poorer sisters as well. We sadly have gone the "pilot" route when common sense says just do it.
Thanks DoS I am sure you are right. But I am particularly concerned about how many middle-class ambitious women are self-contained parcels – 'untouchable girls' to the reality of other less able and differently encultured females living within stone-throwing distance of them.
I have wondered what would happen to the country if there was a breakdown in the chain for milk sales to the world. We could only dry a proportion of it. In Denmark they have been intensively breeding mink and in the wake of Covid 19 being passed by the animals have done a panicked kill with had results.
This is one of many stories that will fester on from the last 5 years, and continue to polarise opinions.
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Exactly 10 years ago, the then minister for defence, Kevin Andrews, released the First Principles Review: Creating One Defence (FPR). With increasing talk about the rising possibility of major power-conflict, calls for Defence funding to ...
In events eerily similar to what happened in the USA last week, Greater Auckland was recently accidentally added to a group chat between government ministers on the topic of transport.We have no idea how it happened, but luckily we managed to transcribe most of what transpired. We share it ...
Hi,When I look back at my history with Dylan Reeve, it’s pretty unusual. We first met in the pool at Kim Dotcom’s mansion, as helicopters buzzed overhead and secret service agents flung themselves off the side of his house, abseiling to the ground with guns drawn.Kim Dotcom was a German ...
Come around for teaDance me round and round the kitchenBy the light of my T.VOn the night of the electionAncient stars will fall into the seaAnd the ocean floor sings her sympathySongwriter: Bic Runga.The Prime Minister stared into the camera, hot and flustered despite the predawn chill. He looked sadly ...
Has Winston Peters got a ferries deal for you! (Buyer caution advised.) Unfortunately, the vision that Peters has been busily peddling for the past 24 hours – of several shipyards bidding down the price of us getting smaller, narrower, rail-enabled ferries – looks more like a science fiction fantasy. One ...
Completed reads for March: The Heart of the Antarctic [1907-1909], by Ernest Shackleton South [1914-1917], by Ernest Shackleton Aurora Australis (collection), edited by Ernest Shackleton The Book of Urizen (poem), by William Blake The Book of Ahania (poem), by William Blake The Book of Los (poem), by William Blake ...
First - A ReminderBenjamin Doyle Doesn’t Deserve ThisI’ve been following posts regarding Green MP Benjamin Doyle over the last few days, but didn’t want to amplify the abject nonsense.This morning, Winston Peters, New Zealand’s Deputy Prime Minister, answered the alt-right’s prayers - guaranteeing amplification of the topic, by going on ...
US President Donald Trump has shown a callous disregard for the checks and balances that have long protected American democracy. As the self-described ‘king’ makes a momentous power grab, much of the world watches anxiously, ...
They can be the very same words. And yet their meaning can vary very much.You can say I'll kill him about your colleague who accidentally deleted your presentation the day before a big meeting.You can say I'll kill him to — or, for that matter, about — Tony Soprano.They’re the ...
Back in 2020, the then-Labour government signed contracted for the construction and purchase of two new rail-enabled Cook Strait ferries, to be operational from 2026. But when National took power in 2023, they cancelled them in a desperate effort to make the books look good for a year. And now ...
The fragmentation of cyber regulation in the Indo-Pacific is not just inconvenient; it is a strategic vulnerability. In recent years, governments across the Indo-Pacific, including Australia, have moved to reform their regulatory frameworks for cyber ...
Welcome to the March 2025 Economic Bulletin. The feature article examines what public private partnerships (PPPs) are. PPPs have been a hot topic recently, with the coalition government signalling it wants to use them to deliver infrastructure. However, experience with PPPs, both here and overseas, indicates we should be wary. ...
Willis announces more plans of plans for supermarketsYesterday’s much touted supermarket competition announcement by Nicola Willis amounted to her telling us she was issuing a 6 week RFI1 that will solicit advice from supermarket players.In short, it was an announcement of a plan - but better than her Kiwirail Interislander ...
This was the post I was planning to write this morning to mark Orr’s final day. That said, if the underlying events – deliberate attempts to mislead Parliament – were Orr’s doing, the post is more about the apparent uselessness of Parliament (specifically the Finance and Expenditure Committee) in holding ...
Taiwanese chipmaking giant TSMC’s plan to build a plant in the United States looks like a move made at the behest of local officials to solidify US support for Taiwan. However, it may eventually lessen ...
This is a Guest Post by Transport Planner Bevan Woodward from the charitable trust Movement, which has lodged an application for a judicial review of the Governments Setting of Speed Limits Rule 2024 Auckland is at grave risk of having its safer speed limits on approx. 1,500 local streets ...
We're just talkin' 'bout the futureForget about the pastIt'll always be with usIt's never gonna die, never gonna dieSongwriters: Brian Johnson / Angus Young / Malcolm YoungMorena, all you lovely people, it’s good to be back, and I have news from the heartland. Now brace yourself for this: depending on ...
Today is the last day in office for the Governor of the Reserve Bank, Adrian Orr. Of course, he hasn’t been in the office since 5 March when, on the eve of his major international conference, his resignation was announced and he stormed off with no (effective) notice and no ...
Treasury and Cabinet have finally agreed to a Crown guarantee for a non-Government lending agency for Community Housing Providers (CHPs), which could unlock billions worth of loans and investments by pension funds and banks to build thousands of more affordable social homes. Photo: Lynn GrievesonMōrena. Long stories shortest:Chris Bishop ...
Australia has plenty of room to spend more on defence. History shows that 2.9 percent of GDP is no great burden in ordinary times, so pushing spending to 3.0 percent in dangerous times is very ...
In short this morning in our political economy:Winston Peters will announce later today whether two new ferries are rail ‘compatible’, requiring time-consuming container shuffling, or the more efficient and expensive rail ‘enabled,’ where wagons can roll straight on and off.Nicola Willisthreatened yesterday to break up the supermarket duopoly with ...
A listing of 31 news and opinion articles we found interesting and shared on social media during the past week: Sun, March 23, 2025 thru Sat, March 29, 2025. This week's roundup is again published by category and sorted by number of articles included in each. The formatting is a ...
For prospective writers out there, Inspired Quill, the publisher of my novel(s) is putting together a short story anthology (pieces up to 10,000 words). The open submission window is 29th March to 29th April. https://www.inspired-quill.com/anthology-submissions/ The theme?This anthology will bring together diverse voices exploring themes of hope, resistance, and human ...
Prime minister Kevin Rudd released the 2009 defence white paper in May of that year. It is today remembered mostly for what it said about the strategic implications of China’s rise; its plan to double ...
In short this morning in our political economy:Voters want the Government to retain the living wage for cleaners, a poll shows.The Government’s move to provide a Crown guarantee to banks and the private sector for social housing is described a watershed moment and welcomed by Community Housing Providers.Nicola Willis is ...
The recent attacks in the Congo by Rwandan backed militias has led to worldwide condemnation of the Rwandan regime of Paul Kagame. Following up on the recent Fabian Zoom with Mikela Wrong and Maria Amoudian, Dr Rudaswinga will give a complete picture of Kagame’s regime and discuss the potential ...
New Zealand’s economic development has always been a partnership between the public and private sectors.Public-Private-Partnerships (PPPs) have become fashionable again, partly because of the government’s ambitions to accelerate infrastructural development. There is, of course, an ideological element too, while some of the opposition to them is also ideological.PPPs come in ...
How Australia funds development and defence was front of mind before Tuesday’s federal budget. US President Donald Trump’s demands for a dramatic lift in allied military spending and brutal cuts to US foreign assistance meant ...
Questions 1. Where and what is this protest?a. Hamilton, angry crowd yelling What kind of food do you call this Seymour?b.Dunedin, angry crowd yelling Still waiting, Simeon, still waitingc. Wellington, angry crowd yelling You’re trashing everything you idiotsd. Istanbul, angry crowd yelling Give us our democracy back, give it ...
Two blueprints that could redefine the Northern Territory’s economic future were launched last week. The first was a government-led economic strategy and the other an industry-driven economic roadmap. Both highlight that supporting the Northern Territory ...
Abortion care at Whakatāne Hospital has been quietly shelved, with patients told they will likely have to travel more than an hour to Tauranga to get the treatment they need. ...
Thousands of New Zealanders’ submissions are missing from the official parliamentary record because the National-dominated Justice Select Committee has rushed work on the Treaty Principles Bill. ...
Today’s announcement of 10 percent tariffs for New Zealand goods entering the United States is disappointing for exporters and consumers alike, with the long-lasting impact on prices and inflation still unknown. ...
The National Government’s choices have contributed to a slow-down in the building sector, as thousands of people have lost their jobs in construction. ...
Willie Apiata’s decision to hand over his Victoria Cross to the Minister for Veterans is a powerful and selfless act, made on behalf of all those who have served our country. ...
The Privileges Committee has denied fundamental rights to Debbie Ngarewa-Packer, Rawiri Waititi and Hana-Rawhiti Maipi-Clarke, breaching their own standing orders, breaching principles of natural justice, and highlighting systemic prejudice and discrimination within our parliamentary processes. The three MPs were summoned to the privileges committee following their performance of a haka ...
April 1 used to be a day when workers could count on a pay rise with stronger support for those doing it tough, but that’s not the case under this Government. ...
Winston Peters is shopping for smaller ferries after Nicola Willis torpedoed the original deal, which would have delivered new rail enabled ferries next year. ...
The Government should work with other countries to press the Myanmar military regime to stop its bombing campaign especially while the country recovers from the devastating earthquake. ...
The Green Party is calling for the Government to scrap proposed changes to Early Childhood Care, after attending a petition calling for the Government to ‘Put tamariki at the heart of decisions about ECE’. ...
New Zealand First has introduced a Member’s Bill today that will remove the power of MPs conscience votes and ensure mandatory national referendums are held before any conscience issues are passed into law. “We are giving democracy and power back to the people”, says New Zealand First Leader Winston Peters. ...
Welcome to members of the diplomatic corp, fellow members of parliament, the fourth estate, foreign affairs experts, trade tragics, ladies and gentlemen. ...
In recent weeks, disturbing instances of state-sanctioned violence against Māori have shed light on the systemic racism permeating our institutions. An 11-year-old autistic Māori child was forcibly medicated at the Henry Bennett Centre, a 15-year-old had his jaw broken by police in Napier, kaumātua Dean Wickliffe went on a hunger ...
Confidence in the job market has continued to drop to its lowest level in five years as more New Zealanders feel uncertain about finding work, keeping their jobs, and getting decent pay, according to the latest Westpac-McDermott Miller Employment Confidence Index. ...
The Greens are calling on the Government to follow through on their vague promises of environmental protection in their Resource Management Act (RMA) reform. ...
“Make New Zealand First Again” Ladies and gentlemen, First of all, thank you for being here today. We know your lives are busy and you are working harder and longer than you ever have, and there are many calls on your time, so thank you for the chance to speak ...
Hundreds more Palestinians have died in recent days as Israel’s assault on Gaza continues and humanitarian aid, including food and medicine, is blocked. ...
National is looking to cut hundreds of jobs at New Zealand’s Defence Force, while at the same time it talks up plans to increase focus and spending in Defence. ...
It’s been revealed that the Government is secretly trying to bring back a ‘one-size fits all’ standardised test – a decision that has shocked school principals. ...
The Green Party is calling for the compassionate release of Dean Wickliffe, a 77-year-old kaumātua on hunger strike at the Spring Hill Corrections Facility, after visiting him at the prison. ...
The Green Party is calling on Government MPs to support Chlöe Swarbrick’s Member’s Bill to sanction Israel for its unlawful presence and illegal actions in Palestine, following another day of appalling violence against civilians in Gaza. ...
The Green Party stands in support of volunteer firefighters petitioning the Government to step up and change legislation to provide volunteers the same ACC coverage and benefits as their paid counterparts. ...
At 2.30am local time, Israel launched a treacherous attack on Gaza killing more than 300 defenceless civilians while they slept. Many of them were children. This followed a more than 2 week-long blockade by Israel on the entry of all goods and aid into Gaza. Israel deliberately targeted densely populated ...
Living Strong, Aging Well There is much discussion around the health of our older New Zealanders and how we can age well. In reality, the delivery of health services accounts for only a relatively small percentage of health outcomes as we age. Significantly, dry warm housing, nutrition, exercise, social connection, ...
Shane Jones’ display on Q&A showed how out of touch he and this Government are with our communities and how in sync they are with companies with little concern for people and planet. ...
The Government’s new planning legislation to replace the Resource Management Act will make it easier to get things done while protecting the environment, say Minister Responsible for RMA Reform Chris Bishop and Under-Secretary Simon Court. “The RMA is broken and everyone knows it. It makes it too hard to build ...
Trade and Investment Minister Todd McClay has today launched a public consultation on New Zealand and India’s negotiations of a formal comprehensive Free Trade Agreement. “Negotiations are getting underway, and the Public’s views will better inform us in the early parts of this important negotiation,” Mr McClay says. We are ...
More than 900 thousand superannuitants and almost five thousand veterans are among the New Zealanders set to receive a significant financial boost from next week, an uplift Social Development and Employment Minister Louise Upston says will help support them through cost-of-living challenges. “I am pleased to confirm that from 1 ...
Progressing a holistic strategy to unlock the potential of New Zealand’s geothermal resources, possibly in applications beyond energy generation, is at the centre of discussions with mana whenua at a hui in Rotorua today, Resources and Regional Development Minister Shane Jones says. The Coalition Government is in the early stages ...
New annual data has exposed the staggering cost of delays previously hidden in the building consent system, Building and Construction Minister Chris Penk says. “I directed Building Consent Authorities to begin providing quarterly data last year to improve transparency, following repeated complaints from tradespeople waiting far longer than the statutory ...
Increases in water charges for Auckland consumers this year will be halved under the Watercare Charter which has now been passed into law, Local Government Minister Simon Watts and Auckland Minister Simeon Brown say. The charter is part of the financial arrangement for Watercare developed last year by Auckland Council ...
There is wide public support for the Government’s work to strengthen New Zealand’s biosecurity protections, says Biosecurity Minister Andrew Hoggard. “The Ministry for Primary Industries recently completed public consultation on proposed amendments to the Biosecurity Act and the submissions show that people understand the importance of having a strong biosecurity ...
A new independent review function will enable individuals and organisations to seek an expert independent review of specified civil aviation regulatory decisions made by, or on behalf of, the Director of Civil Aviation, Acting Transport Minister James Meager has announced today. “Today we are making it easier and more affordable ...
The Government will invest in an enhanced overnight urgent care service for the Napier community as part of our focus on ensuring access to timely, quality healthcare, Health Minister Simeon Brown has today confirmed. “I am delighted that a solution has been found to ensure Napier residents will continue to ...
Health Minister Simeon Brown and Mental Health Minister Matt Doocey attended a sod turning today to officially mark the start of construction on a new mental health facility at Hillmorton Campus. “This represents a significant step in modernising mental health services in Canterbury,” Mr Brown says. “Improving health infrastructure is ...
Finance Minister Nicola Willis has welcomed confirmation the economy has turned the corner. Stats NZ reported today that gross domestic product grew 0.7 per cent in the three months to December following falls in the June and September quarters. “We know many families and businesses are still suffering the after-effects ...
The sealing of a 12-kilometre stretch of State Highway 43 (SH43) through the Tangarakau Gorge – one of the last remaining sections of unsealed state highway in the country – has been completed this week as part of a wider programme of work aimed at improving the safety and resilience ...
Deputy Prime Minister and Foreign Minister Winston Peters says relations between New Zealand and the United States are on a strong footing, as he concludes a week-long visit to New York and Washington DC today. “We came to the United States to ask the new Administration what it wants from ...
Associate Justice Minister Nicole McKee has welcomed changes to international anti-money laundering standards which closely align with the Government’s reforms. “The Financial Action Taskforce (FATF) last month adopted revised standards for tackling money laundering and the financing of terrorism to allow for simplified regulatory measures for businesses, organisations and sectors ...
Associate Health Minister David Seymour says he welcomes Medsafe’s decision to approve an electronic controlled drug register for use in New Zealand pharmacies, allowing pharmacies to replace their physical paper-based register. “The register, developed by Kiwi brand Toniq Limited, is the first of its kind to be approved in New ...
The Coalition Government’s drive for regional economic growth through the $1.2 billion Regional Infrastructure Fund is on track with more than $550 million in funding so far committed to key infrastructure projects, Regional Development Minister Shane Jones says. “To date, the Regional Infrastructure Fund (RIF) has received more than 250 ...
[Comments following the bilateral meeting with United States Secretary of State, Marco Rubio; United States State Department, Washington D.C.] * We’re very pleased with our meeting with Secretary of State Marco Rubio this afternoon. * We came here to listen to the new Administration and to be clear about what ...
The intersection of State Highway 2 (SH2) and Wainui Road in the Eastern Bay of Plenty will be made safer and more efficient for vehicles and freight with the construction of a new and long-awaited roundabout, says Transport Minister Chris Bishop. “The current intersection of SH2 and Wainui Road is ...
The Ocean Race will return to the City of Sails in 2027 following the Government’s decision to invest up to $4 million from the Major Events Fund into the international event, Auckland Minister Simeon Brown says. “New Zealand is a proud sailing nation, and Auckland is well-known internationally as the ...
Improving access to mental health and addiction support took a significant step forward today with Mental Health Minister Matt Doocey announcing that the University of Canterbury have been the first to be selected to develop the Government’s new associate psychologist training programme. “I am thrilled that the University of Canterbury ...
Health Minister Simeon Brown has today officially opened the new East Building expansion at Manukau Health Park. “This is a significant milestone and the first stage of the Grow Manukau programme, which will double the footprint of the Manukau Health Park to around 30,000m2 once complete,” Mr Brown says. “Home ...
The Government will boost anti-crime measures across central Auckland with $1.3 million of funding as a result of the Proceeds of Crime Fund, Auckland Minister Simeon Brown and Associate Justice Minister Nicole McKee say. “In recent years there has been increased antisocial and criminal behaviour in our CBD. The Government ...
The Government is moving to strengthen rules for feeding food waste to pigs to protect New Zealand from exotic animal diseases like foot and mouth disease (FMD), says Biosecurity Minister Andrew Hoggard. ‘Feeding untreated meat waste, often known as "swill", to pigs could introduce serious animal diseases like FMD and ...
Prime Minister Christopher Luxon and Indian Prime Minister Narendra Modi held productive talks in New Delhi today. Fresh off announcing that New Zealand and India would commence negotiations towards a Comprehensive Free Trade Agreement, the two Prime Ministers released a joint statement detailing plans for further cooperation between the two countries across ...
Agriculture and Trade Minister Todd McClay signed a new Memorandum of Cooperation (MOC) today during the Prime Minister’s Indian Trade Mission, reinforcing New Zealand’s commitment to enhancing collaboration with India in the forestry sector. “Our relationship with India is a key priority for New Zealand, and this agreement reflects our ...
Agriculture and Trade Minister Todd McClay signed a new Memorandum of Cooperation (MOC) today during the Prime Minister’s Indian Trade Mission, reinforcing New Zealand’s commitment to enhancing collaboration with India in the horticulture sector. “Our relationship with India is a key priority for New Zealand, and this agreement reflects our ...
Attorney-General Judith Collins today announced the appointment of two new Family Court Judges. The new Judges will take up their roles in April and May and fill Family Court vacancies at the Auckland and Manukau courts. Annette Gray Ms Gray completed her law degree at Victoria University before joining Phillips ...
Health Minister Simeon Brown has today officially opened Wellington Regional Hospital’s first High Dependency Unit (HDU). “This unit will boost critical care services in the lower North Island, providing extra capacity and relieving pressure on the hospital’s Intensive Care Unit (ICU) and emergency department. “Wellington Regional Hospital has previously relied ...
Namaskar, Sat Sri Akal, kia ora and good afternoon everyone. What an honour it is to stand on this stage - to inaugurate this august Dialogue - with none other than the Honourable Narendra Modi. My good friend, thank you for so generously welcoming me to India and for our ...
Nearly 25 years after the "corngate" saga, the debate on genetic modification is back thanks to the Gene Technology Bill currently in select committee. ...
Source: The Conversation (Au and NZ) – By Stephanie Brodie, Research Scientist in Marine Ecology, CSIRO jittawit21, Shutterstock Picture this: you’re lounging on a beautiful beach, soaking up the sun and listening to the soothing sound of the waves. You run your hands through the warm sand, only to ...
By Caleb Fotheringham, RNZ Pacific journalist Although New Zealand and Australia seem to have escaped the worst of Donald Trump’s latest tariffs, some Pacific Islands stand to be hit hard — including a few that aren’t even “countries”. The US will impose a base tariff of 10 percent on all ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Prime Minister Anthony Albanese and Opposition Leader Peter Dutton both agree Australia should react to US President Donald Trump’s aggressive tariff regime by continuing to seek a special deal. They just disagree about which of ...
Source: The Conversation (Au and NZ) – By Joanne Orlando, Researcher, Digital Literacy and Digital Wellbeing, Western Sydney University UK Prime Minster Keir Starmer met with Adolescence writer Jack Thorne to discuss adolescent safety at Downing Street on Monday. Jack Taylor/ GettyImages Netflix’s Adolescence has ignited global debate. ...
By Anneke Smith,RNZ News political reporter A stoush between the Chief Human Rights Commissioner and a Jewish community leader has flared up following a showdown at Parliament. Appearing before a parliamentary select committee today, Dr Stephen Rainbow was asked about his recent apology for incorrect comments he made about ...
Source: The Conversation (Au and NZ) – By Rakesh Gupta, Associate Professor of Accounting & Finance, Charles Darwin University US President Donald Trump’s new trade war will not only send shockwaves through the global economy – it also upsets efforts to tackle the urgent issue of climate change. Trump has ...
Source: The Conversation (Au and NZ) – By Lisa Toohey, Professor of Law, UNSW Sydney It had the hallmarks of a reality TV cliffhanger. Until recently, many people had never even heard of tariffs. Now, there’s been rolling live international coverage of so-called “Liberation Day”, as US President Donald Trump ...
Source: The Conversation (Au and NZ) – By Nick Fuller, Clinical Trials Director, Department of Endocrinology, RPA Hospital, University of Sydney mavo/Shutterstock In the ever-changing wellness industry, one diet obsession has captured and held TikTok’s attention: protein. Whether it’s sharing snaps of protein-packed meals or giving tutorials to ...
Source: The Conversation (Au and NZ) – By Sebastian Maslow, Associate Professor, International Relations, University of Tokyo Two months into US President Donald Trump’s second term, the liberal international order is on life support. Alliances and multilateral institutions are now seen by the United States as burdens. Europe and ...
Starving public services of resources, gutting the workforce and then proposing private market solutions has been a key strategy of this government, says Vanessa Cole, spokesperson for Public Housing Futures. ...
Source: The Conversation (Au and NZ) – By Hayley Geyle, Ecologist, Charles Darwin University Sarah Maclagan/Author provided The greater bilby (Macrotis lagotis) is one of Australia’s most iconic yet at-risk animals — and the last surviving bilby species. Once found across 70% of Australia, its range has contracted by ...
The government’s own Regulatory Impact Statement acknowledges that organic producers will bear the financial burden of adapting to the risks posed by GMO expansion. ...
The committee has "rammed it through with outrageous haste", with a report now expected tomorrow, but excluding thousands of submissions, Duncan Webb says. ...
The US president’s sweeping programme of global tariffs will hit every country abroad, including New Zealand, and dramatically raise prices at home. This is an excerpt from The World Bulletin, our weekly global current affairs newsletter exclusively for Spinoff Members. Sign up here.In a dramatic, flag-draped address from the White ...
Alex Casey talks to Bariz Shah and Saba Afrasyabi, the couple who launched a project to change 51 lives in honour of those lost in the Christchurch mosque attacks. When Bariz Shah and Saba Afrasyabi walked into Naeem’s house in Jalalabad, Afghanistan, they knew immediately that he needed their help. ...
Source: The Conversation (Au and NZ) – By Felicity Deane, Professor of Trade Law, Taxation and Climate Change, Queensland University of Technology US President Donald Trump has imposed a range of tariffs on all products entering the US market, with Australian exports set to face a 10% tariff, effective April ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra US President Donald Trump singled out Australia’s beef trade for special mention in his announcement that the United States would impose a 10% global tariff as well as “reciprocal tariffs” on many countries. In ...
Source: The Conversation (Au and NZ) – By Hayley Geyle, Ecologist, Charles Darwin University Sarah Maclagan/Author provided The greater bilby (Macrotis lagotis) is one of Australia’s most iconic yet at-risk animals — and the last surviving bilby species. Once found across 70% of Australia, its range has contracted by ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra US President Donald Trump singled out Australia’s beef trade for special mention in his announcement that the United States would impose a 10% global tariff as well as “reciprocal tariffs” on many countries. In ...
Source: The Conversation (Au and NZ) – By Christopher Rudge, Law lecturer, University of Sydney Shutterstock Recent media coverage in the Nine newspapers highlights a surge in non-medical ultrasound providers offering “reassurance ultrasounds” to expectant parents. The service has resulted in serious harms, such as misdiagnosed ectopic pregnancies and ...
The three MPs whose rule-breaking haka caught the world’s attention didn’t attend their scheduled hearing yesterday. Constitutional law expert Andrew Geddis has the rundown of what happened, why, and what’s likely to come next. I see Te Pāti Māori and the privileges committee are in some sort of stand-off – ...
Source: The Conversation (Au and NZ) – By Simon Turner, Professor, School of Natural Sciences, Macquarie University The Eurasian and North American tectonic plates in Thingvellir National Park, Iceland.Nido Huebl/Shutterstock Earth is the only known planet which has plate tectonics today. The constant movement of these giant slabs of ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra US President Donald Trump singled out Australia’s beef trade for special mention in his announcement that the United States would impose a 10% global tariff as well as “reciprocal tariffs” on many countries. In ...
Meta has stolen millions of books to train its AI, including books by kaituhi Māori. What does that mean for mātauranga and its status as taonga? New Zealand authors are among the millions whose books have been pirated and scraped by Meta to train its AI. The New Zealand Society of ...
Some hoped the open of the New Zealand markets would open with a bounce as certain tariffs fell short of the worst-case scenario, but investors were met with a deflated thud.The New Zealand market fell immediately as stock market darling Fisher & Paykel Healthcare’s shares were punished, with no update ...
Healthcare dominated the debate in an unusually sober and serious question time. “Hey David!” a group of high school students in the public gallery called out as Act leader David Seymour entered the debating chamber. Standing in the middle of the floor, before any other MPs had arrived, he happily ...
Source: The Conversation (Au and NZ) – By Matthew Heaslip, Senior Lecturer in Naval History, University of Portsmouth How the Shuqiao barges may be used to ferry troops ashore. X (formerly Twitter) China’s intentions when it comes to Taiwan have been at the centre of intense discussion for years. ...
Source: The Conversation (Au and NZ) – By Kiera Vaclavik, Professor of Children’s Literature & Childhood Culture, Queen Mary University of London This spring, Babe is returning to cinemas to mark the 30th anniversary of its release in 1995. The much-loved family film tells the deceptively simple but emotionally powerful ...
What to do about ridiculous housing prices prices? What actions would bring things back to only somewhat crazy, instead of the absolutely insanely ludicrous we have now?
Ashley Church has reckons, but as a spokesgargoyle for the wealthy land-owner class, his comments have the whiff of throwing out silly ideas in hopes of poisoning the well for more credible ideas.
https://www.oneroof.co.nz/news/38723
Personally, I see a lack of reasonable investment alternatives as part of the problem in New Zealand.
The local share and bond markets are viper pits stuffed with unaccountable predatory wide-boys, leading to significant risk of serious losses for ordinary small investors. Yields have dropped to negligible levels.
There's certainly a lot of room for government actions to make improvements there, starting with more personal accountability for those at the top, and making it much harder for those that have behaved poorly to get back on the grift train after their wet-bus-ticket slap.
In the US, the managed investment community (mutual fund managers, pension managers etc) actually play a significant role in holding company top brass accountable. That doesn't seem to happen here. Dunno how much of that is fragmentation of that industry here, we've got lots of small players like Fisher, Kiwiwealth, Simplicity etc etc etc, each too small to have significant clout (and that smallness also contributes to the exorbitantly high management fees here). Some of it may be cultural, these people just don't see exercising accountability as part of their role.
Beyond that, there's potential punitive measures targeted directly at housing "bad people", ie landlords/investors. Such as mortgage surcharges for non-owner-occupied property, differential rating for owner-occupied vs unoccupied vs tenanted, stamp duties etc.
Coz sure as shit, the "solutions" being tossed around at the moment such as LVR, brightline test are going to have negligible effect at best.
The biggest impact on house prices is and always will be, fear.
Fear of missing out (FOMO) will drive them up…and fear of financial loss will drive them down….time to scare the crap out of those that think property is a one way trip.
There are multiple options to do so, but the gov has to have credibility or speed of ACTION….not jawboning
add to that fear of being unable to paying rent and ending up in a ditch with no help, cause well, where would you go to if you end up in a ditch? Winz? Lol.
It may be educational to see and hear this doco dated 1984 about the UK housing plan and how it became a political football where the parties threw large housing number targets at each other like mud pies, with chest beating similar to Twyford's.
Targets are a form of snake charming I think. Watch them rise up out of the throats of ambitious pollies and officials to the tunes of mendacious businessmen. But watch out they might bite you sooner or in later years when they show their cracks and faults.
Thanks Andrew and very topical. Mind if I convert this into a guest post?
Of course you're welcome to turn it into a guest post.
As a brief(-ish) comment it was more intended as a conversation starter. As a post, I'd fill out the ideas a bit more, but I'm about to take off for some errands so I can't do that filling out right now.
I have been doing some reading that offers solutions/different ways of doing things..that I was going to start sharing today…I'll save it for the post…
Any evidence for Andre’s claim of "serious losses for ordinary small investors" on the "local share and bond markets" since the 1987 crash ?
Just the first two that come to mind where family members have lost five-figure sums are Feltex and CadmusProvenco. There's been plenty more. You got any recollection what was happening around the 2008ish timeframe?
BTW, "significant risk of serious losses" (my actual phrase) is a very different concept to "serious losses" (the truncated quote you chose).
From the horse’s mouth
https://www.rnz.co.nz/national/programmes/morningreport/audio/2018774440/adrian-orr-on-nz-economy-s-financial-stability
Dann interrupted almost every answer before Orr finished. Very annoying as usual.
Yep…surprised Orr didnt tick him off this time
Also of interest post the exchange of letters between Orr and Robertson, Orr mentioning that he would appreciate a debt to income ratio. And to date after previous requests this tool has not been granted to the RB.
Now did not Roberson seek "Robertson has written to the Reserve Bank seeking advice on possible ways it could support the Government to meet its economic objectives, in particular with relation to house prices." Well Grant how about allow the RB this tool to limit the amount of debt anyone can accumulate, as was commented on during the interview – This tool is already available elsewhere ??? Low hanging fruit easy to pick !!!
Heh. Orr is quite ready to suggest taxes etc to Robertson, it seems: https://www.stuff.co.nz/national/politics/300167639/adrian-orr-puts-tax-back-on-the-table-in-affordable-housing-debate
If it was a tennis match…that was an excellent return from orr..that will have robertson running..
The DTI was requested by a previous RBNZ Gov. (not sure when) but it was declined….Orr mentioned this yesterday at the stand up. He has since said that he would be happy to add DTI to the tool kit …that dosnt necessarily mean he will use it now or that he believes it will change prices. As he has reiterated, his mandate (and primary concern) is unemployment and financial stability.
The reality is there are many things the gov could do (or done) to improve housing affordability and they have done sweet FA.
I hope that at least there is considerable background work done the previous three years that can accelerate a response now, though I doubt it on past form
Speech from the Throne about 11am today on Parliament TV Channel 31.
In which the government outlines its legislative programme for the session – will this government with an impressive mandate be truly 'transformative' or merely another place-holder neokindness sort of do nothing government?
Unfortunately, I'm not holding my breath!
This would be the most-paid-attention-to speech from the throne in a while…they have to start pulling rabbits out of the hat…if they don't we will see some direct action pretty soon..methinks..
Direct Action will happen, and I will be looking for opportunities to be involved.
No Labour Minister or new MP should make a public appearance from now on without a small or large crew reminding them of a few items that need attention…
She'll finally get her crown? Queen Jacinda, the first and the last of her name?
So far, decidedly underwhelming. Lots of platitudes but basically, 'steady as it goes.'
Nothing really innovative or radical.
‘Govern for all NZers’ code for do bugger all to upset the wealthy!
Don't despair, we have the next emergency already being lauded and it will be all focus on that since it is urgent and popular. Environmental emergency. There is another price to be won.
And everybody will forget that we have an infrastructure that fails – drinking water and sewage in particular – as this is palmed off to local councils. How they want to build new housing without getting that one right is beyond me.
Hospitals millions being used for contractor payouts and not the much needed upgrade to this "3rd world" hospital. But thank god we paid billions(!) to those needy companies to make sure the shareholders get their pound of flesh.
Labor is stumbling around without any action plan and may I say clue.
Very soon we will be going back in time. Get the horses and carts out, dust off the medical tools that have become museum pieces, be prepared to have all those yesteryear illnesses – Encephalitis, Hepatitis A, Typhoid Fever etc…
Meanwhile, incomes are not covering real inflation. Desk theorist that have never done a honest day job in their live are in charge and it shows.
Tuberculosis was all the thing back in George Orwell's day. And new strains of it are out and about – the old one could lurk and infect as covid does. Meningitis kills almost overnight sometimes.
Is it not a tad crazy to not include house prices when measuring inflation..?…when it is inflation on steroids..
Nope, it’s not a tad crazy unless you base it on your gut feeling AKA ‘common sense’.
In science people are encouraged to be critical of their measurement systems. In economics, not so much. For a long time not measuring housing inflation allowed a pack of charlatans to pretend to, and be handsomely paid for, their "expertise". As that system fails, the cornerstone falsehood of neoliberalism – the expertise of economists and bankers – has crumbled. Watch those with a political stake in it continue to defend it even as it washes away.
Are there any good articles to understand how they decided to exclude housing costs from the CPI in the first place?
I think this is the reasoning
Rents are included in the CPI, because they are expenditures that are "consumed" in current period of time. But house prices are not, because they are expenditures on an asset to be consumed over many years. If you own a house, you will benefit from the rising prices–if and when you sell it. In a sense, houses are treated like capital goods–for consumers. That is, rising house prices are not a burden to home owners, whereas rising rents are a burden to renters.
inflation – Why aren't house prices included in CPI? – Economics Stack Exchange
Plausible, that they just didn't consider a market with scarcity created by ill-considered immigration policies on top of a building deficit created by the destruction of apprenticeships and compounded by the shoddy regulation and even shoddier inspection regimes that caused the leaky homes debacle. Plausible – but not excusable. They are paid like professionals – they ought to be responsible for outcomes.
Ta. Not accounting for ongoing increase in capital value over time. How convenient.
Could it be as simple as the small movement of people or families moving to smaller cities and towns. It only takes a few numbers to distort a market and cashed up buyers from Auckland or Wellington descending on a town of 20 or 30 thousand will push up prices substantially. The houses they are leaving will inevitably get a very good price because of one simple fact, a lot of people want or need to move to Auckland but the fucking place is full.
A sure way to make things worse is to get the government trying to fix it with numerous measures ,the vast majority just inadvertantly making the problem worse.
This situation crops up every 10 years or so and has done since the 60s.
Mangakino is one of these places, and even worse, they knock down the houses to build boatsheds. So when it all comes crashing down the locals can buy boatsheds, cause the houses are all gone.
Ah, if we would just have a government that would actively try to entice businesses to settle elsewhere then just AKL, or even move some of the government burocracy to some other towns like it used to be.
Ah, if we just had a government that could, and would, but alas, nothing much will get done, just like the last three years nothing much was done.
What do you reckon is stopping people moving to smaller towns?
Jobs. Simple as that.
One of the reasons i always lived in AKL was simply the fact that i can earn a living there.
Now i am self employed and i can take my trade with me, but if you are a standard office drone, female – and want a little bit of a career, it will be the big towns. Also for schools, recreation etc. The need for at least two cars – just to go shopping for food, lack of choices in regards to food, cost of living, housing is the same, but food costs more, line charges add a huge amount to winter heating, no access to doctors, i still travel to my dentist and gp to akl as do other people i know, lack of tradespeople to fix the delipidatedet houses, trades people that can't move cause they can't find an affordable rental or house to buy, trades people that can't find affordable commercial properties, you know all that stuff that for years have been ignored by all and everyone who ever called themself a 'honorable' MP/PM.
btw, Mangakino has a rental crisis. Go figure, as does Tokoroa. Locals can't afford to buy anymore. Go figure.
But the Queen is gonna give a speech telling us all that she will do fuck all as outlined before the election. We are going to have this discussion again in three years, just as we did under John Key a few years ago.
Seems tricky for any government to make recreation and employment opportunities that arise from greater concentrations of people somehow appear in small towns.
Nothing unique to NZ about it either. Most people like what cities offer more than they dislike the downsides. Others who prioritise things differently will thrive in smaller settlements.
its not like, its must have.
Hospitals, or rural clinics, birthing centres, etc.
Jobs, yes, if the government is in job creation, then they must look also at the overlooked parts of NZ. One thing to make moving jobs to the country side easier would be adequite public transport, say trains for goods and people. I think Winston called it 'heavy rail'. A start. There is absolutly no need for Morrinsville, Huntly, etc to not be busy feeder towns. But alas, they are not. Go figure.
Recreation, i.e. restaurants, cinemas, playgrounds,swimming pools etc generally come with population mass. No population, no recreation.
So the question is not what can the government do, the question really should be 'why the fuck is the government not doing anything'. Start with reviving some rural clinics, birthing centres.
Schools, i hear we closed a whole bunch of them under John Key, and with many of these schools the last 'community centre' of the rural area closed. Well gee, THANKS A BUNCH government.
And honestly if this is not part of the Government why the fuck do we need one in hte first place? To give these empty, unintelligent, unimaginative people a pay they would not earn in private industry? and we have to pay them perks, and accommodation allowances and all that jazz, just so they can say 'We do nothing"? Really? If they can't to what needs to be done, we can fire at least half of either side of hte bench, and only do hte min. Build more roads.
What does the public of NZ get out of subsidising facilities in small towns to the same level of service that a city can sustain? Which other things could be funded instead that would benefit more people?
Jobs. It will get jobs. For a starter. I don't see hte issue, why the government can not help a company move to a rural area via tax incentives rather then the town that is full to bursting the seems.
Why can the government not build small clinics in thbe rural areas? The ones in our towns are pretty much at capacity. Again, these are jobs.
Schools. The government could really start building better schools, some on the country side are really really crappy i hear, and Jobs.
By the same token we could say, why should hte Government build another bridge over the Harbour? Let some private entity build it, and the users will just have to pay toll.
And then, we don't need government, and we do away with elections, and rulers and usless suits, Cause why would the Governement be needed if tey don't do what is needed?
And currently the thing that would benefit people is jobs. Jobs that generate Tax revenue, that bring life back to towns that are needing the influx of young people, it takes the pressure away from the larger towns etc etc etc.
Btw, "the government' funds but pays for nothing. "the taxpayer' pays for everything the government 'funds'. Just in case that people reallyh believe that 'the government' has any money to its name. It does not. The money to fund all the vanity projects that generally only serve the few – see Americas Cup (now what could be funded with all that money down that rich mans drains) – comes from us, the Tax paying citizens.
Not hearing any reason that there would be more jobs by building new clinics or schools in small towns rather than large cities.
Because in a civilized country every live has the same value. A baby born has to have the same chance to live, be educated, able to survive, have drinkable water, is not exposed to contamination that is the result of waste and waste water…etc. etc.
Living in a smaller settlement is not a human right. Access to essential services does not mean to the best, nor that they must be next door.
so your new clinics don't need nurses, doctors, admins etc? nah? ok then.
i guess we don't need government at all then, right. We can just do away with it cause if they are no good to building public infrastructure what the fuck are they good for?
what would you that our current lot could/would/should do in order to get our smaller towns a bit of live back all the while we stop our larger towns busting and exploding all over the place just because that wafer thin mint was just to much to absorb?
https://www.nzherald.co.nz/rotorua-daily-post/news/tokoroa-doctor-job-that-still-cant-be-filled-despite-400000-salary-12-weeks-annual-leave-and-going-viral/CVHVK7DVY363UAR2KK43TDDYOA/
Gosh, what could possibly be making cities explode all over the place? It's almost as if people prefer to live in them or something.
Yes Adrian, I have seen this in the past when people from cities and bigger towns have descended on smaller more isolated towns and bought up. Locals thought great, my house price has gone up. A few months later, when the excitement has passed (which it always does) the out-of-towners leave and the local house market is back to the locals only, and the prices slowly slide back down again.
Is happening exactly like this again right now.
Adrian – sit back in your seat and enjoy the spectacle. As if it is the Colosseum and the needy are being pitted against well-fed, muscled gladiators.
Don't bother to write and explain that it is a cyclical thing, 'been there, done that' before. That makes me feel sick and a number of people here who have to confront the problem. Your point must be, it has happened before, so the government should know about it, the causes and the horrific results on people, and the degrading of society and the country.
The people are revolting, and the government draws back from this indelicacy to positions above the maddening crowd.
The point is that shit happens in spite of governments best intentions. Governments racing around trying to control every little, or big thing, just becomes a shit-fight and begets bad law. Everything is cyclical, like the weather, sometimes you just have to ride it out with a little bit of sail trimming here and there until it blows over and then plan for it in calmer waters.
A general truth about society and the wealth it produces… (repeat, sorry)…
Push the wealth down and society strengthens and prospers
Push the wealth up and society weakens and fails
Here endeth the truth
The unbelievable shitfuckery of Oranga Tamariki continues
https://www.newsroom.co.nz/two-wrongs-dont-make-a-right
yep, that is quite the fucked up story there if ever there was. Suffer the little children cause the adults in charge give no fuck, and their overseers don't either.
That is fucking disturbing as.
Well done Labour govt.
I was witness to a similar situation with a close friend of mine who adopted her daughter on a permanent placement order, which her lawyer advised her to couple with a care support order.
The care support order, which required CYFS to provide additional counselling and support if the child required it became the bone of contention for social workers who diligently worked to put in obstacles to actually providing the support. Despite reassurances that the child was not affected by issues to do with Foetal Alcohol syndrome, it was only several years after placement that the social worker admitted that the way they determined this was to ask the biological mother if she had drunk during pregnancy. She said No.
Despite taking her daughter to the numerous consultants requested by CYFS, and others privately, and having a confirmed diagnosis of FAS, ADD, and a severe attachment disorder, CYFS continued for years to refuse to honour the care agreement. Until they came up with a solution during a family meeting. If my friend and her husband would sign a care order during the meeting, CYFS would then have access to all the funds they needed, and her daughter would then receive any and all support that was necessary.
They returned home, to discover the next day that the meeting records had them relinquishing custody to CYFS, who had organised that their daughter be removed from their care and given to the biological father and his new wife who had had no contact with the child at any stage. This family lived in Christchurch.
After watching the love, care and attention given to this child for years, it was painful to watch the distress of my friend who immediately challenged this interpretation of the meeting minutes. She was told that her view was not accepted. It took two years of legal intervention and a judgement in the Family Court to overturn this malicious act. The judge advised that he considered what had taken place as abuse by CYFS towards the family.
My friend was able to borrow the $20,000 from her mother to fight the case, but that is not always available to others. I suspect the ease of practice and disregard they had for the family, and also the wellbeing of the child, comes from repetition – and getting away with it more often than not.
They maligned the previous caregiver, and when it suited them, maligned my friends family, mostly because they asked for the professional support that the child was supposedly entitled to receive. I have a disregard for the way the previous institution was run. I have a suspicion that the same practices have been maintained in OT.
Thanks Brigid, that is heartbreaking to read.
This is beyond a bad apple or an oversight, it speaks to culture, inflexibility and perhaps being able understaffed.
Celia Lashlie spoke of this. The parent, often Mum in isolation, is held accountable for every action or inaction. Meanwhile the PTB can carry on acting appallingly.
Ego driven social engineering where it goes without saying that the consequential harm to these children is completely ignored, but countered with bullshit 'it's a journey we're all taking' speak.
Most of what the social worker was saying in the interview with the foster parents was completely unintelligible and/or grossly insulting.
Might want to watch the opening segments of Alan Kohler’s Finance Report on the ABC as he has a couple of interesting graphs which made be of interest to a number of people here on the The Standard which would confirm what we already know about wage growth vs company profit vs sharemarket prices.
https://www.abc.net.au/news/business/kohler-report/
Shitty people with shitty motivations can still sometimes produce a worthwhile result.
In this case it seems Kim Jong Orange Jr's desires to murder wild animals were influential in denying a mining company's desire to poison wild animals by ruining their habitat. This time it's the Pebble Mine in Alaska, that had been previously denied by the Obama administration and then the Mandarin Mugabe cast some incantations over its crypt and it rose again. Hopefully this time the lid is on for good.
https://www.huffpost.com/entry/trump-denies-alaska-mine-permit_n_5fbe9e90c5b63d1b7708e3eb
The flood gate of pardons has opened. Starting with "Lock her up" Flynn.
In theory, that's a move that could backfire. Since Flynn is now no longer at risk of personal consequences for the crimes he committed in service of Twitterfinger J. Putinpussy, he cannot take the Fifth Amendment. So now, he has no grounds to refuse to testify fully and truthfully, and is at risk of criminal charges if he doesn't.
https://www.huffpost.com/entry/trump-pardon-michael-flynn_n_5a216c7fe4b03350e0b64a66
Surely he can refuse and take the fifth – as the pardon is only for FEDERAL offences
That's if a state goes after him for something.
In this particular case, the interest is more about Flynn taking the Fifth as a witness in a potential prosecution of Individual-1.
Unless he gets an immunity from the relevant state he could make himself liable to prosecution – I don't think you can get him convicted for refusing to incriminate himself by testifying against someone else.
Have you watched this Andre?
Nope. Not going to, either.
For starters, it's an hour and three quarters of video, which probably only has the information content of a few minutes worth of reading.
Video as a format is great for propagandists wanting to hook the gullible into investing a lot of time into having emotions manipulated who then have a sunk time cost in absorbing and regurgitating the intended message.
But video is a terrible medium for conveying factual information to anyone that likes to fact-check by looking for alternative sources and views on a topic in the midst of considering an argument being presented..
Every now and then I'll read something of Greenwald's, including a couple of his pieces on Flynn, to see if he's developed anything useful to say. But every time it's a disappointment. He's a propagandist presenting gish-gallops of misrepresentations, partial truths, omitted context, false equivalences, omission of any big picture, and other misinformation. Dunno what his angle really is, but his blind hatred of … something… taints his polemics to the point of uselessness.
RationalWiki's entry on Greenwald sums him up pretty well:
https://rationalwiki.org/wiki/Glenn_Greenwald
You've not watched it but can determine what Greenwald says.
That's mighty clever of you.
Remain ignorant.
Nobody cares.
https://twitter.com/DavidPriess/status/1331744272559771653
Official 'speech from the throne' about what our government intends to do with its mandate: https://www.scoop.co.nz/stories/PA2011/S00086/speech-from-the-throne.htm
The Government intends to declare a climate emergency and will propose the move next Thursday.
https://www.stuff.co.nz/national/politics/300168280/government-to-declare-climate-change-emergency-in-parliament-next-week
As the councillor who, last year, proposed that the Southland Regional Council (Environment Southland) do the same thing, I'm hugely supportive and encouraged by the Government's proposal and at the same time greatly disappointed by my own council's failure to make the declaration, despite my best efforts to build support and understanding for the action. I've alerted my fellow councillors to the news and to my thoughts around their response
Let's hope that Shaw can get some actual action to go along with it.
I think he will but for the moment, this is a huge step forward; first comes the story, then follows the action; it's always been the way.
It does say in the article that Climate Change Minister James Shaw signalled that the symbolism might be joined by some sort of concrete action.
Though i'm thinking "concrete" may have been a poor choice of words.
Ha! Concrete – yes, I baulk at the use of that word also, solkta, along with "ground-breaking" and "road-map"; these get used a lot in governance and tell me that we are bound by our language and until that changes or broadens, we will make change but slowly. The recent acceptance of Maori words and phrases by the courts and the Government ("hauora" and "te mana o te wai" in particular) gives the possibility of change a huge lift! I'm becoming excited at the potentials here.
Yes, but lets start at those things that matter. Like drinking water and sewage. If both fail, we wont need to think about any other issues as the illnesses from yesteryear will take care of those who still drive cars, heat their homes without expensive power, etc..
You don't think Climate Change matters? My sewage and drinking water are fine thanks. Climate Change though is likely to restrict my use of that drinking water for other things like it already has.
From the Speech from the Throne:
"To add further stability to the New Zealand Government, the Labour Party has agreed to work together with the Green Party of Aotearoa New Zealand through a Cooperation Agreement. This agreement commits the Government to working in the best interests of New Zealand and New Zealanders, working to honour Te Tiriti o Waitangi, and working together on specific policy areas where the Green Party can continue to add expertise and where both parties can achieve mutual gains that advance the goals of the Government."
I'm going to put a post up on that speech more generally.
Compare it with the 2017 speech.
https://www.beehive.govt.nz/speech/speech-throne-2017
The only physical legacy for CC say,was from NZF and the billion tree initiative.The rest is conjunctive claptrap.
Housing 3 years later shows more trees have been harvested for weasel words then 4×2 for framing.
Weasel words is what they specialise in….after all they are little more than sales people
Good.
Nice quote.
Is this a good response to the climate emergency – from The Guardian?
https://www.theguardian.com/world/2020/nov/24/new-zealand-geologists-plan-to-harness-volcano-heat-to-reduce-climate-emissions
Women who are concerned about the welfare of their poorer sisters will be thrilled to read of this help. I think that we are onto this as well.
https://www.theguardian.com/uk-news/2020/nov/24/scotland-becomes-first-nation-to-provide-free-period-products-for-all
I'm pretty sure there are plenty of us men concerned about the welfare of our poorer sisters as well. We sadly have gone the "pilot" route when common sense says just do it.
Thanks DoS I am sure you are right. But I am particularly concerned about how many middle-class ambitious women are self-contained parcels – 'untouchable girls' to the reality of other less able and differently encultured females living within stone-throwing distance of them.
Scotland with ideas for building tourism.
https://www.theguardian.com/uk-news/2020/nov/22/ruins-with-a-view-plan-to-turn-scottish-castles-into-enchanting-hotels
Trump told the 'biggest' porkies in the world, now it is Boorish's turn to carry the banner.
https://www.youtube.com/watch?v=iQkQAU9iU7I Bi..us Di..us
Boris Johnson has insisted he is not opposed to devolution, days after he described it as a disaster in Scotland.
https://www.theguardian.com/politics/2020/nov/21/boris-johnson-insists-he-is-not-opposed-to-devolution-after-disaster-comment
and https://www.theguardian.com/commentisfree/2020/nov/24/brexit-capitalism George Monbiot
and – Bernie Sanders https://www.theguardian.com/commentisfree/2020/nov/24/bernie-sanders-working-class-win-back-from-donald-trump
and – https://www.theguardian.com/commentisfree/2020/nov/24/republicans-joe-biden-history-congress-president-democrat from • 'Adam Tooze is a professor of history at Columbia University'
And – tastes like chicken? Or soy beans?
https://www.theguardian.com/environment/2020/nov/25/revealed-uk-supermarket-and-fast-food-chicken-linked-to-brazil-deforestation-soy-soya
I have wondered what would happen to the country if there was a breakdown in the chain for milk sales to the world. We could only dry a proportion of it. In Denmark they have been intensively breeding mink and in the wake of Covid 19 being passed by the animals have done a panicked kill with had results.
https://www.theguardian.com/world/2020/nov/25/culled-mink-rise-from-the-dead-denmark-coronavirus
and food in USA – big demand from hungry families of colour in particular – twice the percentage.
https://www.theguardian.com/food/2020/nov/25/us-hunger-surges-spiraling-pandemic
The best people:
Kellyalien Conway: "alternative facts"
Oozy Ghouliani: "truth isn't truth"
Jenna Ellis: “I posted it because the ifea itself is true, whether or not he said it!”
https://twitter.com/NumbersMuncher/status/1331617229910253571
https://www.huffpost.com/entry/jenna-ellis-teddy-roosevelt-quote_n_5fbf035fc5b61d04bfa6d81e
Very apropos
https://twitter.com/DammedWriter/status/1331629608907776001