I went to see Jeff Rubin speak last night, former Chief Economist of CIBC World Markets and now author of a number of books on peak oil and the end of growth. http://www.jeffrubinssmallerworld.com/
His basic premise is this: zero growth is the new global norm. This does not bode well for the recent budget forecasts. I think it is a pretty safe bet that New Zealand will not be in surplus by the next election.
He also predicts that we are at the beginning of a recession worse than the 2008 GFC and that Greece will default within 4-5 months with Italy, Portugal and Spain not far behind.
Great. Thanks for this. I see Rubin’s policy suggestions differ from some of the ways he sees things developing, if they are left unchecked.
e.g. He sees a trend to government contracting out work. This may be cheaper, but, it is not the most effective way to get work done. It lowers the quality and the pay of workers, while the private companies cream off profits.
Rubin also sees the trend going towards young people staying at home longer & people working til an older age. This could mean less work for younger people. However, Rubin’s policy solution is for more job share.
For myself, I plan to keep working as long as I can. But, now in my early 60s, I have shifted to part time work, and in an alternative occupation from my (previous) main career. This job pays less, and I have less responsibilities. But I live frugally so can live OK on my income. I also work weekends (the relatively unsociable hours that are least favoured by younger people with families or lively social lives).
However, one thing I would suggest as a policy for older workers, is more consideration of the requirements to making such transitions. In my case the in-service training development is focused more on career development for younger workers, via uni degrees (I already have a string of these, and in many ways am over-qualified for my current work). For older workers, there should be more focus on recognising transferable skills, and targeting inservice training/education on specific requirements of the current job.
Of course, contracting out is not actually “cheaper” if the quality and service you get in return is also cheaper.
Classic example are our defence forces catering services which have been contracted out. Cheaper is what it looks like, but you also get what you pay for less the private sector profit margin and higher financing costs.
Contracting out is certainly not cheaper here are some reasons why.
1: Govts are obliged to take the lowest tender….too bad if it turns out to be more expensive, as they don’t treat business case, or benefit realizations as living documents over the life of the transition.
2: Govts are deliberately poor at commercial contracts, and have a history of being miliked, with inside help from “public servants”.
3: Contracting out = Kiwis out of work = additional social costs which become exponential
4: Contracting out means that (most) likely, profits flow offshore, the profit has to be created out of the contract elsewhere, loweer wages, less staff, worse quality….We all pay for that one way or another.
Nice one SL, been a fan of Jeff for ages. His delightful phlegmatic delivery of crucial information in that wonderful Canadian drawl effectively make those who want to continue to prop up the clearly unsustainable look like they’ve missed a dose of their meds.
Thanks. Interesting material here with lots to think about.
Even if New Zealand is in surplus by next election, will that be reason for Government gloating? Fine to have a sound economy whilst we have a population in misery.
From today’s Herald, John Key revealing what I believe is one of his main reasons for returning to New Zealand for the PM gig:
He also said that if you were shopping for countries, New Zealand would be a good prospect.
“If you were really going to go out and buy a country, why wouldn’t you want to buy New Zealand?
“Would you really want these other countries that are highly indebted, have hugely inflexible and inefficient systems, don’t have the natural resources that we have, don’t have the potential that we have.”
I’m sure he will be richly rewarded by our owners to-be.
You’d think it would be unwise for Key to publicly associate himself with the idea of “buying” NZ. Do I see another cutesy photo-feature of the Key family (maybe at the beach) in a women’s magazine, in the near future?
This will become a part of the bigger picture that is emerging, especially if it is successfully exploited as such by the opposition.
Indeed those comments are a genuine attempt for Key inform people the real agenda, I would like to say that it might be attached to guilt, but that is not an emotion which people with psycopathic tendancies have, so I am going with brazen honesty..
Key is capable of telling the truth about the big picture as he has here, but then will lie openly when covering up the little links in the journey to that same big picture, as a way to try throw people off the trail.
This is a facinating insight, and I would hope that those in the public who still think Key is doing a good job, are paying attention to such statements as they are not throw aways!
Government will increasingly contract out services to private companies who can provide services at a cheaper rate in an effort to decrease government spending.
Ha, no they can’t. That’s one of the lies that this government and others have used for privatisation since the 1970s.
An excellent Kim Hill interview with Prof. Steven Keen on Radio NZ this morning. He’s a difficult subject to interview because he’s got so much information to convey and tends to come across as a little arrogant about it.. but Kim manages pretty well I thought. The essentials of Keen’s thinking are all there… plus few new ones I haven’t read lately.
Totally agree Red. I am not Economics literate but Steven Keen makes a great deal of sense. Perhaps our Financial Leaders should be forced to listen?
His point about banks enticing more people to borrow huge amounts in relation to their own stake which causes the Private Debt bubble to blow up, – again. Decades ago if you had $30,000 you could borrow $100,000 for your house. Again now, your $30,000 can let you borrow as much as $1,000,000. Banks want you to.
Crafar farms anyone? Inflated house prices?
We need to listen to and support economists which aren’t trapped in the cosy bank-sponsored neoliberal paradigm of the world.
Which is pretty difficult since virtually every economics department in the world is still teaching their undergrads demonstrably incorrect shit about “Value At Risk” analysis, the inter-changeability of savings, debt and money, and price/supply/demand curves.
Basically modern orthodox economics is dangerously over-financialised and false.
Thats right ianmac, it is exactly how banks, being at the center of the problem, inflating the debt (monetary) supply out of thin air, but with the consequence, that once the house of cards falls, the debt holder gets to own all the hard assets, and force the sale of those which is does not own…
And thats really just the retail banking sector interface you refer…of course behind those learly coloured banking stores lurks the casino banking cartels…
I wonder how long it will be before that $112 Billion, becomes an “official” problem..
Interesting interview, mainly Keen talking. Ultimately he proposes a kind of tinkering right up close to the inevitable line that will have to be crossed, eventually, if humanity really wants to begin addressing inequalities in society caused through the limitations of economics. His solution will certainly be palatable to many. A bit like voting Labour over National: same end, different speeds, one more ocmfortable than the other and the seats have cup holders. The admission that it is the gentle approach to major change is spelled out at the end, where both he and Hill unsurprisingly arrive at the Marxist conclusion as self evident.
The other problem with his scheme involves his focus on using it to attend to house prices (a specifically irrational NZ issue for the middle classes, why I don’t know, something to do with uncertain/irreconcilable moral values) in which he comes close to making the same mistake as neo-classical economic thinking, in that they assume the financial activites of an indivdual extrapolated how many times equal the activities of a society.
Keen says the amount of borrowing should be limited by a person’s level of savings, but forgets that (does he forget? Why did he not clarify?) businesses would be obliged to use the same model, and that a system that overnight abolishes our current blank cheque leverage lending idea, would make it impossible for construction firms – mainly smallish firms – to meet the ideal of a “middle income home” worth 2-2.5 times the median income. Not only would their formation become restricted, but sourcing materials cheap enough would risk either impossibility or the trap of monopoly. There are too many unexplained practicalities of building the utopian house. He often blends morals and values with economics, but he makes no attempt to understand why such a house would be required or even if the problem would still exist by the time his system began to function. It seemed like he was trying to sell his idea to specific group of people, who had no idea about the application discussed, but held some common and unexamined values and ideals about life. Man’s got to eat, I suppose. But who’ll pay the bill?
This idea wasn’t tagged onto his comments about allowing government lending to catch up to bank lending, so I have no idea if he thought the government would become the owner of construction firms. This idea seemed purely theoretical to me, it wasn’t explained, or at least it was explained within a vacuum; like calculating on paper how far a new type of aircraft with round section wings could travel in a 30 Knot headwind before the first protoype had been built.
Definitely worth a listen, overall, for an excellent explanation of effects of neo vs. classical economics, but there are some holes that are not explained. If anyone here can fill them in, I’d appreciate it.
businesses would be obliged to use the same model, and that a system that overnight abolishes our current blank cheque leverage lending idea, would make it impossible for construction firms – mainly smallish firms – to meet the ideal of a “middle income home” worth 2-2.5 times the median income.
Agree, that ideal ratio is not going to be achievable any time soon.
I personally don’t see why a quality (albeit modest) 3 bedroom house can’t be built for $200,000 plus land if private sector profit taking was set aside, and highly common plans and materials used. Plus centralised bulk purchasing of course. In other words, state housing, built by the state.
• allowed queues of up to 90 patients at a time to build up at its telephone helpline;
• met its targets, in part, by adjusting figures to blame delays on patients;
• rang at least one patient who had waited too long to see a doctor to give them a new waiting target instead;
• repeatedly took visiting doctors off roving duties in order to operate clinics and hotlines because it had too few staff on duty to cover the county.
And who was this font of capitalist efficiency? None other than Serco – the people this government just hired to do prisons for us which is having difficulty meeting targets.
The Serious Fraud Office last night said it might yet make its own inquiry into how William Yan – also known as Yang Liu and Yong Ming Yan – was granted citizenship.
Hardly a surprising considering this from an internal affairs official:
During the High Court trial, a Department of Internal Affairs official said Mr Yan was confident of gaining citizenship because of support from MPs such as Labour’s Dover Samuels. “He was so anxious that we send the files to the minister. He just wanted the file to go to the minister,” said Johannes Gambo, an Internal Affairs case officer in Auckland.
Mr Gambo wanted to make further inquiries with immigration authorities in Australia. “I had a phone call that I was told not to ask any more questions because there was a lot of political pressure to send the file to Wellington. I was told to just process the file, send it to Wellington, don’t worry about asking any more questions.”
This case must be like a Jaws movie for Labour. “Just when you thought it was safe to go back into the water…”
I read that TS and couldn’t quite see what the problem is. While the system allows for Ministerial intervention, then cases will be referred onwards.
Funny that the SFO might express an interest given that they usually are only involved with sums over $200,000. Don’t think that Mr Jones was offered or given any financial gain nor anyone involved with Mr Yan. The agent who acted for him charged $10,000 which is presumably the going fee.
The problem is, ianmac, that this guy had serious unanswered questions about him, yet there still appeared to be a rush to get his citizenship approved at a political level. And there was no need for the rush, because the guy had residency, so couldn’t be sent back to China anyway.
You are correct about the SFO being only interested in cases exceeding $200k. So, perhaps they could be interested because they are aware of information that hasn’t hit the media yet?
Its been reported that yan/liu dropped upward on $10 mil at sky city and if he could afford to throw away that kinda coin who knows what he threw at Samuels/Jones/Labour.
Good to see also that it has been confirmed that there is no “note” supporting the Jones claim that he would be killed and chopped up for spare parts.
Yan was one of SkyCity casino’s biggest gamblers where he was considered to be volatile. The Department of Internal Affairs (DIA) said in 2009 that he was “one of a number of gamblers of significance whom the department has discussed [with] SkyCity”.
The police have investigated Yan’s activities. No charges have been laid.
The Serious Fraud Office this week told the Attorney-General it is interested in any information relevant to its role that may come to light if an inquiry goes ahead. SFO boss Adam Feeley said he would not rule out starting his own inquiry.
[…]
A DIA official told him Yan would be executed and his organs harvested if he returned to China. Jones therefore approved citizenship on humanitarian grounds. The DIA has nothing on record to indicate that advice was given but Shane Jones believes he took a note of it and is trying to find it.
I think the only requirement is that they not make their bigotry so obvious. Not to mention their incompetence. The only question I have is how many drinks he’s been shouted at the Northern Club since his travesty of justice.
Um, just out of curiosity, how do you manage to get “the dog whistle of terrorism” from “But I regard it as highly relevant that the offending was not gang-related or associated with what I might call ‘conventional’ avenues of criminal activity. On the contrary, it occurred in pursuit of a worthy ideal and, perhaps most significantly, involved only a remote risk that it would lead to crimes of violence.”?
When you say the charges are unprecedented, what exactly are you comparing them too as I can’t recall any similar examples? If you compare it to the case of Bernard Shapiro in Christchurch, the judge held that “the offences were technical breaches in which Shapiro had exercised poor judgment, had been taken advantage of by a friend, and had relied on advice which proved to be not entirely accurate, from an arms dealer.” However, he was an a sole actor and had a clean record. Tame Iti had that previous weapons charge from 2005, which would have counted against him in sentencing. Ten firearms charges is not insignificant.
I’m not saying an investigation isn’t called for, but the ridiculous terrorism charges had already been dismissed so I fail to see the relevance to the current sentence. To harp on about the terrorism canard doesn’t help matters in the slightest. I have my doubts as to whether prison and not community service was the right option. I agree with Auckland University law professor Bill Hodge that “I think there was a serious issue there. You don’t demonstrate with molotov cocktails. On the other hand, was there overcharging, was there overkill, was that a sledgehammer? I think there’s an element of overkill.”
I wonder what you would be saying if it had been Kyle Chapman and mates running around with sawn-off rifles, semi-automatics and Molotov cocktails? Also defence lawyer Russell Fairbrother’s assertion “What Tuhoe do is their business. We’ve got to stop judging other people by our standards.” strikes me as patronising. It suggests that Maori belong in a category not responsible for their actions along with children and the mentally ill. Maori are modern people with modern lives in a modern world. Misuse of firearms is a serious issue and if someone had gotten hurt or killed because of a bunch of overgrown kids playing sillybuggers, we would be having a very different conversation. </end cathartic rant>
I’m comparing them to similar cases Populuxe1. For example where somebody is caught with Molotove cocktails and premeditation of a crime is proven but not undertaken, they recieve less than a year. Most offenses concerning unregistered firearms receive a warning.
So while Hansen says he thinks there’s only a remote risk that the training would lead to crimes of violence, he hands down a sentence that is completely disproportionate to that contention, leaving myself and many other commentators to think that he’s been listening to the dog whistle that continues to be promoted by the police.
Let’s take another example where Cameron Slater publishes material calling for somebody to be gut shot, is known to have a mental illness, weapons and a large cashe of ammunition… but the police don’t even bother to question the hate monger. Do you not see the disproportionate treatment certain people get over others?
You quote Bill Hodge who says that people don’t demonstrate with Molotov cocktails, however sometimes they do. In this case it’s spurious to say that the Urewera four were using Molotov cocktails at all. There is no clear evidence linking them to what the police claim were Molotov cocktails. These so-called “restricted weapons” were not even taken off private land were they?
You then make a link between what was occurring in the Urewera’s and what white supremacist groups undertake all the time. The disproportionate focus on Maori in comparison to white supremacists couldn’t be starker. It shows an endemic racism within not just the police force, but policy makers as well.
Also defence lawyer Russell Fairbrother’s assertion “What Tuhoe do is their business. We’ve got to stop judging other people by our standards.” strikes me as patronising. It suggests that Maori belong in a category not responsible for their actions along with children and the mentally ill.
It does not! It suggest there is some truth to the argument that Tuhoe is a sovereign nation that has never signed its right over to invading forces. Where on earth you got “children and the mentally ill” from is what is patronizing. Fairbrother also raises the issue of what private land actually is. Now that a retrospective law change has allowed the police unfettered access to spy on people no matter where they are, his statement is even more pertinent.
Misuse of firearms is a serious issue and if someone had gotten hurt or killed because of a bunch of overgrown kids playing sillybuggers, we would be having a very different conversation.
I couldn’t agree more. In fact I’ve written extensively on the subject… but the point you seem incapable of fathoming is that nobody was hurt, the crowns case was largely based on speculation and the sentences handed down were unprecedented in such circumstances. There are serious grounds for an appeal here, and I wont be surprised when Hansen’s prejudiced decisions are overturned.
14. When the statements are considered in context, a reasonable reader would assume they are referring to Maori as a race rather than to just the protesters at Waitangi.
While there may be truth in the “hopeless failure” of some Maori to educate their children and stop bashing their babies, it is inaccurate to make the allegation against Maori as a race.
15. The inaccuracies upon which some of the opinions are based also make the opinions so extreme that in the Council’s view they go beyond what is acceptable and become a gratuitous offence to Maori as a race.
16. It is because the allegations against Maori as a race are inaccurate, and the opinions are extreme to the extent of being a gratuitous offence to Maori, that the complaints are upheld.
It’s interesting that the Herald also reports that their readership has increased dramatically, which is one of the main reasons they publish such articles. It causes a scandal and people therefore buy more papers and visit the Herald website more, which means they can sell more advertising… have you seen how much advertising is in the Herald these days?
Unless there are some real financial disincentives to promoting such racist claptrap, we will continue to see similar bigoted and inaccurate articles being published.
Lifestyle Creep; peoples lifestyles being led by MARKETEERS for PROFIT.
Committing people and families to PAYMENT PLANS and DEBT
DEBT
DEBT. Follows around like a bad smell.
An ongoing CASH-COW for the corporate level and WANNABEES elite.
THINKING STUDENTS reference to Foucaults analyses of POWER DISCIPLINE PUNISHMENT
EXCELLENT analysis and synthesis there.
Great Work.
Liberal Studies at unis being CUT first.
RODD CARR, what a small-minded man.
Axe any Philosophy courses that direct one away from Utilitarianism?
Watch the mass-produced cohorts of non-utility “professionals” and their addiction to credentialism flee with the neglected productive classes.
Paul Thomas seems like a poor historicist apologist shoeshine boy.
IF one is aged between 30 AND 47 years of age and existentially relaxed, they are most able to challenge and modify the values beliefs and attitudes of the OLDER GENERATION who could know better.
DAVID PARKER.Not growth, ASIAN INVESTMENT in INFRASTRUCTURE.
EMPLOYMENT, of greater value to a LABOUR representative. Or give the portfolio to That Cunliffe chap.
The failed free-market ideology that National blindly follows and greedy multinational’s are just as much to blame as those hapless idiots Captain Mauro Balomaga and navigational officer Leonil Relon who piloted the MV Rena into the Astrolabe reef…
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A State of Emergency has been declared in Dunedin after Otago was lashed by heavy rain yesterday. Houses have been flooded in low-lying parts of South Dunedin and residents are being encouraged to evacuate if they felt unsafe. MetService issued it’s first ever red heavy rain alert for north Otago, ...
Long story short:Treasury has warned again public debt will rise exponentially in the decades to come because of the rising costs of our ageing population, unless we change one or more of our New Zealand Superannuation promises, publicly-funded healthcare or tax settings. The current Government isn’t planning any changes, ...
Long stories short, here’s the top six news items of note in climate news for Aotearoa this week, and a discussion above between Bernard Hickey and The Kākā’s climate correspondent Cathrine Dyer:“Why does everywhere seem to be flooding right now, Vox asks, as a new study predicts that 70% of ...
Welcome to the first week of October, which brings longer days and (we hope) lighter spirits. Despite the state of things, there are still abundant reasons to feel encouraged. On we roll! This roundup is brought to you by our largely volunteer crew. If you’d like to support our work ...
Morning all, this is just a quick note from me this morning: I’m off for a scan shortly. I’m sure you know the drill, especially if you’re a mum: a squeeze of surprisingly cold gel straight on your front, which the radiologist then uses the ultrasound machine to try and ...
The podcast above of the weekly ‘Hoon’ webinar for paying subscribers on Thursday night features co-hosts & talking about the week’s news with:The Kākā’s climate correspondent on the latest climate news, including another extreme climate event in the United States; on the escalating conflict between Israel, Iran ...
With housing construction stalled, the Government has come up with a plan to underwrite new developments. Photo: Lynn Grieveson / The KākāKia ora. Long stories short, here’s my top six things to note in Aotearoa’s political economy around housing, climate and poverty on Friday, October 4:The Government is set to ...
Yesterday, there was an excellent interview on 1News Breakfast with Former Health NZ Chair Rob Campbell. He was being interviewed in response to the government signalling to privatising our hospitals.Campbell confirmed what this publication and its readers have long talked about. One: We have the money for Health. Two: The ...
Yesterday’s NZME “Mood of the Boardroom” survey should be a wake-up call for the Government. This annual survey polls a wide range of private and public sector business leaders. Respondents to the survey rated their confidence in the New Zealand economy at 3.23 out of five, the highest score for optimism ...
Do you want to hear a joke?One day a government Minister fought very hard to help out mates with tax cuts She scored them - a massive NZ $106 billion multinational tobacco company with shares trading at $192 each - $216 million worth of tax cuts on their star product ...
Open access notables Sloth metabolism may make survival untenable under climate changescenarios, Cliffe et al., PeerJ:Sloths are limited by the rate at which they can acquire energy and are unable to regulate core body temperature (Tb) to the extent seen in most mammals. Therefore, the metabolic impacts of climate change ...
Photo by Barbara Batári on UnsplashCome and join us for our weekly ‘Hoon’ webinar with paying subscribers to The Kākā for an hour at 5 pm.Jump on this link on YouTube Livestream for our chat about the week’s news with special guests:5.00 pm - 5.10 pm - and ...
I have been outside this week, replacing spouting. Although this involves ladders and sharp tools, I am pleased to say there have been no cuts, no falls, no disasters. I mention this because from some of the comments some of you have made, I'm getting the feeling I may have ...
At six o'clock I'm goin' downCoffee's hot, and the toast is brownHey street sweeper, clear my waySweethearts breakfast is the best in townSongwriter: Donald Hugh WalkerIt’s that time of year again when NZME presumably thanks the country’s business leaders for all the advertising they’ve done during the year. They do ...
It’s very exciting to be getting a new medical school. It would be more exciting if the hospitals needed to train them weren’t on the verge of losing their licenses due to understaffing issues, and if the cost of such a school wasn’t coming at the expense of the health ...
The PPTA has changed its constitution to allow teachers at charter schools to join their union, which David Seymour is claiming as a victory for charter schools. The union has pushed back on that claim and reiterate their opposition to the forced imposition of charter schools. Workers at Winstone Pulp ...
This is a re-post from Yale Climate Connections by Sanket JainNoushadbi Mujawar has created a community health model that helps people in India build resilience amid the rising climate disasters. (Photo credit: Sanket Jain) Community health care worker Noushadbi Mujawar safely evacuated everyone from Rajapur, an isolated ...
This time three years ago – as described in this Thursday throwback post by Jolisa – Auckland was deep into experiencing another prolonged shift in perspective around how a city can look and feel. . A lot has changed since then; and a lot hasn’t. As a recent guest ...
Israel seems on the brink of achieving the war with Iran that Benjamin Netanyahu has been trying all year to provoke. Until now, Iran had not taken the bait. It had not replied in kind to Israel’s genocide in Gaza, its bombing of Iran’s consulate in Damascus, and its assassinations ...
Labour welcomes the release of the Government’s response to the report into the North Island weather events but urges it to push forward with legislative change this term. ...
The Green Party echoes a call for banks to divest from entities linked to Israel’s illegal settlements in Palestine, and says Crown Financial Institutions should follow suit. ...
Te Whatu Ora’s finances have deteriorated under the National Government, turning a surplus into a deficit, and breaking promises made to New Zealanders to pay for it. ...
The Prime Minister’s decision to back his firearms minister on gun law changes despite multiple warnings shows his political judgement has failed him yet again. ...
Yesterday the government announced the list of 149 projects selected for fast-tracking across Aotearoa. Trans-Tasman Resources’ plan to mine the seabed off the coast of Taranaki was one of these projects. “We are disgusted but not surprised with the government’s decision to fast-track the decimation of our seabed,” said Te ...
At Labour’s insistence, Te Whatu Ora financial documents have been released by the Health Select Committee today showing more cuts are on the way for our health system. ...
Fresh questions have been raised about the conduct of the Firearms Minister after revelations she misled New Zealanders about her role in stopping gun reforms prior to the mosque shootings. ...
Education Minister Erica Stanford still can’t confirm when the Government will deliver the $2 billion worth school upgrades she cut earlier this year. ...
Labour acknowledges the hundreds of workers today losing their jobs as the Winstone Pulp mill closes and what it will mean for their families and community. ...
In Budget '24, the National Government put aside $216 million to pay for a tax cut which mainly benefitted one company: global tobacco giant Philip Morris. Instead of giving hundreds of millions to big tobacco, National could have spent the money sensibly, on New Zealand. ...
Te Whatu Ora’s financials from the last year show the Government has manufactured a financial crisis to justify making cuts that are already affecting patient care. ...
Over 41,000 Palestinian’s have been murdered by Israel in the last 12 months. At the same time, Israel have launched attacks against at least four other countries in the Middle East including Lebanon, Syria, Yemen, and Iran. “You cannot play the aggressor and the victim at the same time,” said ...
Associate health minister Casey Costello has made a fool of the Prime Minister, because the product she’s been fighting to get a tax cut for and he’s been backing her on is now illegal – and he doesn’t seem to know it. ...
The Finance and Expenditure Committee’s inquiry into climate adaptation is something that must be built on for an enduring framework to manage climate risk. ...
The Government is taking tertiary education down a worrying path with new reporting finding that fourteen of the country’s sixteen polytechnics couldn’t survive on their own,” Labour’s tertiary education spokesperson Dr Deborah Russell says. ...
Today the government announced a $30m cut to Te Ahu o Te Reo Māori- a programme that develops te reo Māori among our kaiako. “This announcement is just the latest in an onslaught of attacks on te iwi Māori,” said Te Pāti Māori Co-Leader Rawiri Waititi. ...
The Government has shown its true intentions for the public service and economy – it’s not to get more public servants back to the office, it’s more job losses. ...
The National Government is hiding the gaps in the health workforce from New Zealanders, by not producing a full workforce plan nearly a year into their tenure. ...
Today, the Crown Mineral Amendment Bill was read for the first time, reversing the ban on oil exploration off the coast of Taranaki. It was no accident that this proposed law change was read directly after the Government started to unravel the ability of iwi and hapū Māori to have ...
Te Pāti Māori spokesperson for Justice, Tākuta Ferris, has hit out at the Government, demanding the Crown prove its rights to the foreshore, following the Marine and Coastal Area Amendment Bill, passing its first reading. "Māori rights to the foreshore pre-exist the Declaration of Independence, Te Tiriti o Waitangi, and ...
The Green Party vows to reinstate the oil and gas ban and revoke permits when it returns to government following the coalition’s introduction of legislation to reopen offshore oil and gas exploration this afternoon. ...
Climate Change Minister Simon Watts will chair negotiations on carbon markets at this year’s United Nations Climate Change Conference (COP29) alongside Singapore’s Minister for Sustainability and Environment, Grace Fu. “Climate change is a global challenge, and it’s important for countries to be enabled to work together and support each other ...
A new confirmation of payments system in the banking sector will make it safer for Kiwis making bank transactions, Commerce and Consumer Affairs Minister Andrew Bayly says. “In my open letter to the banks in February, I outlined several of my expectations of the sector, including the introduction of a ...
Associate Health Minister with responsibility for Pharmac David Seymour is pleased to see Pharmac continue to increase availability of medicines for Kiwis with the Government’s largest ever investment in Pharmac. “Pharmac operates independently, but it must work within the budget constraints set by the Government,” says Mr Seymour. “When our ...
The Government has released its long-term vision to strengthen New Zealand’s disaster resilience and emergency management, Emergency Management and Recovery Minister Mark Mitchell announced today. “It’s clear from the North Island Severe Weather Events (NISWE) Inquiry, that our emergency management system was not fit-for-purpose,” Mr Mitchell says. “We’ve seen first-hand ...
Today’s cut in the Official Cash Rate (OCR) to 4.75 per cent is welcome news for families and businesses, Finance Minister Nicola Willis says. “Lower interest rates will provide much-needed relief for households and businesses, allowing families to keep more of their hard-earned money and increasing the opportunities for businesses ...
Sport & Recreation Minister Chris Bishop has asked Sport NZ to review and update its Guiding Principles for the Inclusion of Transgender People in Community Sport. “The Guiding Principles, published in 2022, were intended to be a helpful guide for sporting bodies grappling with a tricky issue. They are intended ...
The Coalition Government is restoring confidence to the rural sector by pausing the rollout of freshwater farm plans while changes are made to ensure the system is affordable and more practical for farmers and growers, Associate Environment Minister Andrew Hoggard and Agriculture Minister Todd McClay announced today. “Freshwater farm plans ...
The latest report from the Ministry for the Environment (MfE) and Stats NZ, Our air 2024, reveals that overall air quality in New Zealand is improving, Environment Minister Penny Simmonds and Statistics Minister Andrew Bayly say. “Air pollution levels have decreased in many parts of the country. New Zealand is ...
Climate Change Minister Simon Watts has announced the appointment of Stuart Horne as New Zealand’s Climate Change Ambassador. “I am pleased to welcome someone of Stuart’s calibre to this important role, given his expertise in foreign policy, trade, and economics, along with strong business connections,” Mr Watts says. “Stuart’s understanding ...
Health Minister Dr Shane Reti and Associate Health Minister Casey Costello have announced a pilot to increase childhood immunisations, by training the Whānau Āwhina Plunket workforce as vaccinators in locations where vaccine coverage is particularly low. The Government is investing up to $1 million for Health New Zealand to partner ...
The Government is looking at strengthening requirements for building professionals, including penalties, to ensure Kiwis have confidence in their biggest asset, Building and Construction Minister Chris Penk says “The Government is taking decisive action to make building easier and more affordable. If we want to tackle our chronic undersupply of houses ...
The Government is taking further action to tackle the unacceptable wait times facing people trying to sit their driver licence test by temporarily extending the amount of time people can drive on overseas licences from 12 months to 18 months, Transport Minister Simeon Brown says. “The previous government removed fees for ...
The Government has reaffirmed its commitment to ensuring New Zealand is a safe and secure place to do business with the launch of new cyber security resources, Small Business and Manufacturing Minister Andrew Bayly says. “Cyber security is crucial for businesses, but it’s often discounted for more immediate business concerns. ...
Investment in Apprenticeship Boost will prioritise critical industries and targeted occupations that are essential to addressing New Zealand’s skills shortages and rebuilding the economy, Tertiary Education and Skills Minister Penny Simmonds and Social Development and Employment Minister Louise Upston say. “By focusing Apprenticeship Boost on first-year apprentices in targeted occupations, ...
Health Minister Dr Shane Reti has announced a funding boost for Palmerston North ED to reduce wait times and improve patient safety and care, as well as new national standards for moving acute patients through hospitals. “Wait times in emergency departments have deteriorated over the past six years and Palmerston ...
Health Minister Dr Shane Reti has announced a funding boost for Palmerston North ED to reduce wait times and improve patient safety and care, as well as new national standards for moving acute patients through hospitals. “Wait times in emergency departments have deteriorated over the past six years and Palmerston ...
Mehemea he pai mō te tangata, mahia! If it’s good for the people, get on with it! A $35 million Government investment will enable the delivery of 100 affordable rental homes in partnership with Waikato-Tainui, Associate Minister of Housing Tama Potaka says. Investment for the partnership, signed and announced today ...
This week’s inaugural Ethnic Xchange Symposium will explore the role that ethnic communities and businesses can play in rebuilding New Zealand’s economy, Ethnic Communities Minister Melissa Lee says. “One of my top priorities as Minister is unlocking the economic potential of New Zealand’s ethnic businesses,” says Ms Lee. “Ethnic communities ...
Prime Minister Christopher Luxon and Deputy Prime Minister and Foreign Minister Winston Peters are renewing New Zealand’s calls for restraint and de-escalation, on the first anniversary of the 7 October terrorist attacks on Israel. “New Zealand was horrified by the monstrous actions of Hamas against Israel a year ago today,” Mr Luxon says. ...
Kia uru kahikatea te tū. Projects referred for Fast-Track approval will help supercharge the Māori economy and realise the huge potential of Iwi and Māori assets, Māori Development Minister Tama Potaka says. Following robust and independent review, the Government has today announced 149 projects that have significant regional or national ...
The Fast-track Approvals Bill will list 22 renewable electricity projects with a combined capacity of 3 Gigawatts, which will help secure a clean, reliable and affordable supply of electricity across New Zealand, Energy Minister Simeon Brown says. “The Government has a goal of doubling New Zealand’s renewable electricity generation. The 22 ...
The Government has enabled fast-track consenting for 29 critical road, rail, and port projects across New Zealand to deliver these priority projects faster and boost economic growth, Transport Minister Simeon Brown says. “New Zealand has an infrastructure deficit, and our Government is working to fix it. Delivering the transport infrastructure Kiwis ...
The 149 projects released today for inclusion in the Government’s one-stop-shop Fast Track Approvals Bill will help rebuild the economy and fix our housing crisis, improve energy security, and address our infrastructure deficit, Minister for Infrastructure Chris Bishop says. “The 149 projects selected by the Government have significant regional or ...
A new multi-purpose recreation centre will provide a valuable wellbeing hub for residents and visitors to Ruakākā in Northland, Regional Development Minister Shane Jones says. The Ruakākā Recreation Centre, officially opened today, includes separate areas for a gymnasium, a community health space and meeting rooms made possible with support of ...
Agriculture Minister Todd McClay, and Rural Communities Minister Mark Patterson announced up to $50,000 in additional Government support for farmers and growers across Southland and parts of Otago as challenging spring weather conditions have been classified a medium-scale adverse event. “The relentless wet weather has been tough on farmers and ...
Trade and Agriculture Minister Todd McClay today welcomed a move by the European Commission to delay the implementation of the European Union’s Deforestation Regulation (EUDR) by 12 months, describing the proposal as a pragmatic step that will provide much-needed certainty for New Zealand exporters and ensure over $200 million in ...
The Government is taking decisive action in response to the Ministerial Inquiry into School Property, which concludes the way school property is delivered is not fit for purpose. “The school property portfolio is worth $30 billion, and it’s critically important it’s managed properly. This Government is taking a series of immediate actions ...
The Government has announced a new support programme for the residential construction market while the economy recovers, Housing Minister Chris Bishop and Building and Construction Minister Chris Penk say. “We know the residential development sector is vulnerable to economic downturns. The lead time for building houses is typically 18 ...
Environment Minister Penny Simmonds has confirmed the final appointee to the refreshed Environmental Protection Authority (EPA) board. “I am pleased to welcome Brett O’Riley to the EPA board,” Ms Simmonds says. “Brett is a seasoned business advisor with a long and distinguished career across the technology, tourism, and sustainable business ...
The Government has approved a $226.2 million package of resilience improvement projects for state highways and local roads across the country that will reduce the impact of severe weather events and create a more resilient and efficient road network, Transport Minister Simeon Brown says. “Our Government is committed to delivering ...
Kiwis will see fewer potholes on our roads with road rehabilitation set to more than double through the summer road maintenance programme to ensure that our roads are maintained to a safe and reliable standard, Transport Minister Simeon Brown says. “Increasing productivity to help rebuild our economy is a key ...
Foreign Minister Winston Peters has welcomed the announcement of Sir Jerry Mateparae as an independent moderator, to work with the Government of Papua New Guinea and the Autonomous Bougainville Government in resolving outstanding issues on Bougainville’s future. “New Zealand is an enduring friend to Papua New Guinea and the ...
The latest 2023 Census results released today further highlight New Zealand’s growing ethnic and cultural diversity, says Ethnic Communities Minister Melissa Lee. “Today’s census results are further evidence of the increasingly diverse nature of our population. It’s something that should be celebrated and also serve as a reminder of the ...
Parents and caregivers are now able to claim for FamilyBoost, which provides low-to-middle-income families with young children payments to help them meet early childhood education (ECE) costs. “FamilyBoost is one of the ways we are supporting families with young children who are struggling with the cost of living, by helping ...
This week’s South Pacific Defence Ministers’ Meeting (SPDMM) has concluded with a renewed commitment to regional security of all types, Defence Minister Judith Collins says. Defence Ministers and senior civilian and military officials from Australia, Chile, Fiji, France, New Zealand, Papua New Guinea and Tonga gathered in Auckland to discuss defence and security cooperation in the ...
Associate Police Minister Casey Costello has welcomed the Police announcement that recruitment wings at the Police College will be expanded to 100 recruits next year. “This is good news on two fronts – it reflects the fact that more and more New Zealanders are valuing policing and seeing it as ...
Introduction Good morning! What a pleasure to be back in the stunning West Coast at one of my favourite events in the calendar. Every time I come back here, I’m reminded of the Coast’s natural beauty, valuable resources, and great people. Yet, every time I come back here, I’m also ...
Health Minister Dr Shane Reti welcomes new data from Health New Zealand, saying it demonstrates encouraging progress against the Government’s health targets. Health New Zealand’s quarterly report for the quarter to 30 June will be used as the baseline for reporting against the Government’s five health targets, which came into ...
The launch of a new data tool will provide Kiwis with better access to important data, Statistics Minister Andrew Bayly says. “To grow our economy and improve productivity we must adopt smarter ways of working, which means taking a more data driven approach to decision-making. “As Statistics Minister one of ...
The Government is progressing plans to increase the use of remote inspections to make the building and consenting process more efficient and affordable, Building and Construction Minister Chris Penk says. “We know that the building and construction sector suffers from a lack of innovation. According to a recent report, productivity ...
Collins said she heard female defence force officials were being "abused in the street" over the Manawanui sinking. The HMNZS Manawanui, aground in Samoa. ...
Source: The Conversation (Au and NZ) – By Kay Cook, Professor and Research Director, School of Arts, Social Sciences and Humanities, Swinburne University of Technology KieferPix/Shutterstock Australia’s child support system can not only increase women’s poverty, but can actually facilitate financial abuse, according to our recent research. Child support ...
Source: The Conversation (Au and NZ) – By Art Cotterell, Research Associate, School of Regulation and Global Governance, Australian National University Artist’s concept of the docked Apollo and Soyuz in 1975.David Meltzer/NASA In recent years, a new “space race” has intensified between the United States and China. At a ...
Source: The Conversation (Au and NZ) – By Evangeline Mantzioris, Program Director of Nutrition and Food Sciences, Accredited Practising Dietitian, University of South Australia Evannovostro/Shutterstock Cinnamon has been long used around the world in both sweet and savoury dishes and drinks. But a new TikTok trend claims adding ...
Source: The Conversation (Au and NZ) – By Mark David Ryan, Professor, Film, Screen, Animation, Queensland University of Technology IMDB It has been 50 years since the cinema release of Peter Weir’s iconic, offbeat, cult classic The Cars That Ate Paris. The film seared the image of a silver ...
Te Whatu Ora/Health NZ has blamed a forecast $1.7bn deficit on ‘over-recruiting’ of nursing staff. But the nursing union says there’s still an ‘acute need’ for more. What’s going on? After months of escalating concern over “significant overspending”, on Tuesday Te Whatu Ora released hundreds of pages of internal documents ...
Source: The Conversation (Au and NZ) – By Fadhlil Rizki Muhammad, Graduate Researcher, The University of Melbourne Bureau of Meteorology via AAP In 2023, almost a year’s worth of rain fell over ten days in parts of northwestern Australia, leading to catastrophic flooding in the town of Fitzroy Crossing ...
Source: The Conversation (Au and NZ) – By Quentin Grafton, Australian Laureate Professor of Economics, Crawford School of Public Policy, Australian National University Mr Privacy/Shutterstock The contest between truth and post-truth matters when trying to solve big public policy questions. One of these questions is how to sustainably manage ...
Source: The Conversation (Au and NZ) – By Samuel Berhanu Woldemariam, Lecturer in law, University of Newcastle In early October, Israel’s foreign minister, Israel Katz, announced on X he had declared the United Nations secretary-general, António Guterres, persona non grata. In other words, he had banned Guterres from setting foot ...
Salmon farming in the midst of a safe haven for critically endangered yellow-eyed penguins, seabed mining in whale and dolphin habitats, or open-cast mines in areas where kiwi and other rare wildlife live all have great potential for harm. ...
There appears to be a clear conflict between Charlie Girl's individual welfare and DOC's breeding program objectives. The Animal Welfare Act prioritises the wellbeing of individual animals, which should take precedence over general conservation goals. ...
Henessey Griffiths heads to the Silver Scrolls to find a much-needed respite from the reality of being a musician – and to learn just what was in that Little Black Box Stan Walker sang about. The narrative of being a musician has pretty much always been that of the struggling ...
Alex Casey watches on in horror as the red shed makes a mockery of a beloved 1999 classic. For many months in 1999, I’d bring my tape recorder right up to the TV during Coca Cola’s RTR Countdown. I’d sit through ‘Genie in a Bottle’, ‘Man I Feel Like a ...
Source: The Conversation (Au and NZ) – By Susan Grantham, Lecturer in Communication, Griffith University TikTok Opposition Leader Peter Dutton’s recent decision to join TikTok marks a big shift in his approach to political campaigning. He previously criticised the platform over security concerns, but now he is embracing it. ...
Source: The Conversation (Au and NZ) – By Wendy Stone, Professor of Housing & Social Policy, Centre for Urban Transitions, Swinburne University of Technology Roman Samborskyi/Shutterstock Australia’s housing crisis is dramatically reshaping the lives and hopes of young people, highlighted in a new report launched today in Canberra as ...
Our new columnist, the Insider Insider, takes a peek inside the insiderest media operation of all time. The proliferation of insiderness at the New Zealand Herald appears unstoppable, with the unveiling this morning of Society Insider, by Ricardo Simich. It joins a bustling neighbourhood of insiders at the nation’s biggest ...
For four years, Shanti Mathias learned at home, with her siblings as her only classmates. She reflects on the experience. Every now and then, when I go to my parents’ house, I find a relic of my years of homeschooling in the back of a drawer. For the four years ...
In theory, it’s power broking made democratic. But last time, not even 10% returned a ballot. Across much of New Zealand’s biggest city, billboards have popped up in recent weeks, ahead of a local – a hyper-local, even – election. It might also be called hyper-boring, if recent turnouts are ...
Sam Brooks reflects on lessons learned from the latest series of Art Work, a collection of interviews with prominent artists about their creative processes and working lives. For this second series of Art Work, we interviewed 11 artists across the motu. They included the Golden Lion winners at this ...
Source: The Conversation (Au and NZ) – By Jeannie Marie Paterson, Professor of Law, The University of Melbourne Gatot Adri/Shutterstock It’s been more than five years since the banking royal commission, but its findings continue to have an impact on the financial services sector. Law firm Maurice Blackburn ...
Source: The Conversation (Au and NZ) – By Sasha Sarago, First Nations Cultural Innovation Lead – Beauty and Technology, Charles Sturt University The In Vogue: The 90s series transports audiences back to the glamour and grandeur of a transformative decade for fashion. Set against the backdrop of New York, London ...
Being too apologetic might make me sound insincere, but I genuinely am sorry about everything. Help! Want Hera’s help? Email your problem to helpme@thespinoff.co.nzDear Hera,Inspired by Chatty Cathy’s recent letter to you, I suddenly realised that “oh, maybe I can ask for Hera’s advice, instead of just wishing an angel could ...
Source: The Conversation (Au and NZ) – By Natalie Day, Postdoctoral research fellow, Early Start, University of Wollongong Allan Mas/ Pexels , CC BY Throughout our lives, we need to be able to manage our thoughts and behaviour. We need to do this to reach various goals and to ...
I went to see Jeff Rubin speak last night, former Chief Economist of CIBC World Markets and now author of a number of books on peak oil and the end of growth. http://www.jeffrubinssmallerworld.com/
I wrote a review on his talk here if anyone is interested: http://www.southernlimitsnz.com/2012/05/review-jeff-rubin-on-end-of-growth.html
His basic premise is this: zero growth is the new global norm. This does not bode well for the recent budget forecasts. I think it is a pretty safe bet that New Zealand will not be in surplus by the next election.
He also predicts that we are at the beginning of a recession worse than the 2008 GFC and that Greece will default within 4-5 months with Italy, Portugal and Spain not far behind.
Great. Thanks for this. I see Rubin’s policy suggestions differ from some of the ways he sees things developing, if they are left unchecked.
e.g. He sees a trend to government contracting out work. This may be cheaper, but, it is not the most effective way to get work done. It lowers the quality and the pay of workers, while the private companies cream off profits.
Rubin also sees the trend going towards young people staying at home longer & people working til an older age. This could mean less work for younger people. However, Rubin’s policy solution is for more job share.
For myself, I plan to keep working as long as I can. But, now in my early 60s, I have shifted to part time work, and in an alternative occupation from my (previous) main career. This job pays less, and I have less responsibilities. But I live frugally so can live OK on my income. I also work weekends (the relatively unsociable hours that are least favoured by younger people with families or lively social lives).
However, one thing I would suggest as a policy for older workers, is more consideration of the requirements to making such transitions. In my case the in-service training development is focused more on career development for younger workers, via uni degrees (I already have a string of these, and in many ways am over-qualified for my current work). For older workers, there should be more focus on recognising transferable skills, and targeting inservice training/education on specific requirements of the current job.
Of course, contracting out is not actually “cheaper” if the quality and service you get in return is also cheaper.
Classic example are our defence forces catering services which have been contracted out. Cheaper is what it looks like, but you also get what you pay for less the private sector profit margin and higher financing costs.
Contracting out is certainly not cheaper here are some reasons why.
1: Govts are obliged to take the lowest tender….too bad if it turns out to be more expensive, as they don’t treat business case, or benefit realizations as living documents over the life of the transition.
2: Govts are deliberately poor at commercial contracts, and have a history of being miliked, with inside help from “public servants”.
3: Contracting out = Kiwis out of work = additional social costs which become exponential
4: Contracting out means that (most) likely, profits flow offshore, the profit has to be created out of the contract elsewhere, loweer wages, less staff, worse quality….We all pay for that one way or another.
So it goes on!
Nice one SL, been a fan of Jeff for ages. His delightful phlegmatic delivery of crucial information in that wonderful Canadian drawl effectively make those who want to continue to prop up the clearly unsustainable look like they’ve missed a dose of their meds.
Thanks. Interesting material here with lots to think about.
Even if New Zealand is in surplus by next election, will that be reason for Government gloating? Fine to have a sound economy whilst we have a population in misery.
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10808597
From today’s Herald, John Key revealing what I believe is one of his main reasons for returning to New Zealand for the PM gig:
He also said that if you were shopping for countries, New Zealand would be a good prospect.
“If you were really going to go out and buy a country, why wouldn’t you want to buy New Zealand?
“Would you really want these other countries that are highly indebted, have hugely inflexible and inefficient systems, don’t have the natural resources that we have, don’t have the potential that we have.”
I’m sure he will be richly rewarded by our owners to-be.
Indeed, an interesting exposure of how Key (and his cronies) mind/s work – it’s all about trading and playing the market.
“If you were really going to go out and buy a country, why wouldn’t you want to buy New Zealand?
This exposure of Key’s outlook should be put up on billboards and t-shirts everywhere.
John key – the man with a mission to sell NZ to the highest bidder!
John Key: trader in money and countries – he’s busy selling yours!
You’d think it would be unwise for Key to publicly associate himself with the idea of “buying” NZ. Do I see another cutesy photo-feature of the Key family (maybe at the beach) in a women’s magazine, in the near future?
This will become a part of the bigger picture that is emerging, especially if it is successfully exploited as such by the opposition.
Uh, not quite. I don’t believe that you have understood John Key’s mindset correctly.
He is going to sell NZ to his mates for cheap so that they can maximise their profits off us, and in doing so owe him.
I wouldn’t be surprised to see John Key get offered a board position at one of the big investment banks soon after he leaves office, for instance.
Indeed those comments are a genuine attempt for Key inform people the real agenda, I would like to say that it might be attached to guilt, but that is not an emotion which people with psycopathic tendancies have, so I am going with brazen honesty..
Key is capable of telling the truth about the big picture as he has here, but then will lie openly when covering up the little links in the journey to that same big picture, as a way to try throw people off the trail.
This is a facinating insight, and I would hope that those in the public who still think Key is doing a good job, are paying attention to such statements as they are not throw aways!
Ha, no they can’t. That’s one of the lies that this government and others have used for privatisation since the 1970s.
Gah, that was actually a reply to Southern Limits.
An excellent Kim Hill interview with Prof. Steven Keen on Radio NZ this morning. He’s a difficult subject to interview because he’s got so much information to convey and tends to come across as a little arrogant about it.. but Kim manages pretty well I thought. The essentials of Keen’s thinking are all there… plus few new ones I haven’t read lately.
Well worth a listen.
Totally agree Red. I am not Economics literate but Steven Keen makes a great deal of sense. Perhaps our Financial Leaders should be forced to listen?
His point about banks enticing more people to borrow huge amounts in relation to their own stake which causes the Private Debt bubble to blow up, – again. Decades ago if you had $30,000 you could borrow $100,000 for your house. Again now, your $30,000 can let you borrow as much as $1,000,000. Banks want you to.
Crafar farms anyone? Inflated house prices?
We need to listen to and support economists which aren’t trapped in the cosy bank-sponsored neoliberal paradigm of the world.
Which is pretty difficult since virtually every economics department in the world is still teaching their undergrads demonstrably incorrect shit about “Value At Risk” analysis, the inter-changeability of savings, debt and money, and price/supply/demand curves.
Basically modern orthodox economics is dangerously over-financialised and false.
Thats right ianmac, it is exactly how banks, being at the center of the problem, inflating the debt (monetary) supply out of thin air, but with the consequence, that once the house of cards falls, the debt holder gets to own all the hard assets, and force the sale of those which is does not own…
And thats really just the retail banking sector interface you refer…of course behind those learly coloured banking stores lurks the casino banking cartels…
I wonder how long it will be before that $112 Billion, becomes an “official” problem..
Whih bank lets you borrow 1,000,000 on 30,000?
Not sure that you would in NZ. However, 5% deposit mortgages are coming back in NZ. With $30K down you’ll get a $600K mortgage.
In the US, zero down mortgages are still common.
Okay, thats 600k, not the mil that was mentioned.
Interesting interview, mainly Keen talking. Ultimately he proposes a kind of tinkering right up close to the inevitable line that will have to be crossed, eventually, if humanity really wants to begin addressing inequalities in society caused through the limitations of economics. His solution will certainly be palatable to many. A bit like voting Labour over National: same end, different speeds, one more ocmfortable than the other and the seats have cup holders. The admission that it is the gentle approach to major change is spelled out at the end, where both he and Hill unsurprisingly arrive at the Marxist conclusion as self evident.
The other problem with his scheme involves his focus on using it to attend to house prices (a specifically irrational NZ issue for the middle classes, why I don’t know, something to do with uncertain/irreconcilable moral values) in which he comes close to making the same mistake as neo-classical economic thinking, in that they assume the financial activites of an indivdual extrapolated how many times equal the activities of a society.
Keen says the amount of borrowing should be limited by a person’s level of savings, but forgets that (does he forget? Why did he not clarify?) businesses would be obliged to use the same model, and that a system that overnight abolishes our current blank cheque leverage lending idea, would make it impossible for construction firms – mainly smallish firms – to meet the ideal of a “middle income home” worth 2-2.5 times the median income. Not only would their formation become restricted, but sourcing materials cheap enough would risk either impossibility or the trap of monopoly. There are too many unexplained practicalities of building the utopian house. He often blends morals and values with economics, but he makes no attempt to understand why such a house would be required or even if the problem would still exist by the time his system began to function. It seemed like he was trying to sell his idea to specific group of people, who had no idea about the application discussed, but held some common and unexamined values and ideals about life. Man’s got to eat, I suppose. But who’ll pay the bill?
This idea wasn’t tagged onto his comments about allowing government lending to catch up to bank lending, so I have no idea if he thought the government would become the owner of construction firms. This idea seemed purely theoretical to me, it wasn’t explained, or at least it was explained within a vacuum; like calculating on paper how far a new type of aircraft with round section wings could travel in a 30 Knot headwind before the first protoype had been built.
Definitely worth a listen, overall, for an excellent explanation of effects of neo vs. classical economics, but there are some holes that are not explained. If anyone here can fill them in, I’d appreciate it.
Agree, that ideal ratio is not going to be achievable any time soon.
I personally don’t see why a quality (albeit modest) 3 bedroom house can’t be built for $200,000 plus land if private sector profit taking was set aside, and highly common plans and materials used. Plus centralised bulk purchasing of course. In other words, state housing, built by the state.
In The Guardian:
And who was this font of capitalist efficiency? None other than Serco – the people this government just hired to do prisons for us which is having difficulty meeting targets.
Matthew Hooton has a bigoted small minded story in the NBR, accusing Helen Clark of being corrupt.
He should no longer be referred to as a “political commentator” by the various media that give him oxygen.
This story indicates that National is going to push a ” Labour is Corrupt” theme. Time to fight fire with fire.
http://www.nbr.co.nz/article/labour-still-paying-clark-governments-corruption-119679#comment-395228
Are there people in Labour shitting themselves at the moment?
From the article:
Hardly a surprising considering this from an internal affairs official:
This case must be like a Jaws movie for Labour. “Just when you thought it was safe to go back into the water…”
I read that TS and couldn’t quite see what the problem is. While the system allows for Ministerial intervention, then cases will be referred onwards.
Funny that the SFO might express an interest given that they usually are only involved with sums over $200,000. Don’t think that Mr Jones was offered or given any financial gain nor anyone involved with Mr Yan. The agent who acted for him charged $10,000 which is presumably the going fee.
The problem is, ianmac, that this guy had serious unanswered questions about him, yet there still appeared to be a rush to get his citizenship approved at a political level. And there was no need for the rush, because the guy had residency, so couldn’t be sent back to China anyway.
Also, the claim that this was on humanitarian grounds doesn’t stack up with previous decisions Jones had been making with respect to immigration. For instance this case which on the face of it would seem just as deserving of ministerial intervention, if not more so.
You are correct about the SFO being only interested in cases exceeding $200k. So, perhaps they could be interested because they are aware of information that hasn’t hit the media yet?
Its been reported that yan/liu dropped upward on $10 mil at sky city and if he could afford to throw away that kinda coin who knows what he threw at Samuels/Jones/Labour.
Good to see also that it has been confirmed that there is no “note” supporting the Jones claim that he would be killed and chopped up for spare parts.
Link?
I guess David C is talking about this article: The mysteries of Citizen Yan
A bit of over exaggeration again by David C.
Unfortunately, that’s just one of a slew of similar cases… 🙁
The real problem of course is that “all sides” are neck deep in dodgy dealings….
Notice how we have Banks, followed by Jones, all with the aim of confusing the electorate.
To control all sides, you have to corrupt all involved…
Are we getting it yet!
Interesting article.
http://www.terradaily.com/reports/Earth_water_cycle_intensifying_with_atmospheric_warming_999.html
This too.
http://www.salon.com/2012/05/24/my_break_with_the_extreme_right/singleton/
John Hansen – Asshole of the Week
While the dog whistle of terrorism reverberates around the empty skulls of racist bigots, a judge is meant to be free from such prejudices…
I think the only requirement is that they not make their bigotry so obvious. Not to mention their incompetence. The only question I have is how many drinks he’s been shouted at the Northern Club since his travesty of justice.
Um, just out of curiosity, how do you manage to get “the dog whistle of terrorism” from “But I regard it as highly relevant that the offending was not gang-related or associated with what I might call ‘conventional’ avenues of criminal activity. On the contrary, it occurred in pursuit of a worthy ideal and, perhaps most significantly, involved only a remote risk that it would lead to crimes of violence.”?
When you say the charges are unprecedented, what exactly are you comparing them too as I can’t recall any similar examples? If you compare it to the case of Bernard Shapiro in Christchurch, the judge held that “the offences were technical breaches in which Shapiro had exercised poor judgment, had been taken advantage of by a friend, and had relied on advice which proved to be not entirely accurate, from an arms dealer.” However, he was an a sole actor and had a clean record. Tame Iti had that previous weapons charge from 2005, which would have counted against him in sentencing. Ten firearms charges is not insignificant.
I’m not saying an investigation isn’t called for, but the ridiculous terrorism charges had already been dismissed so I fail to see the relevance to the current sentence. To harp on about the terrorism canard doesn’t help matters in the slightest. I have my doubts as to whether prison and not community service was the right option. I agree with Auckland University law professor Bill Hodge that “I think there was a serious issue there. You don’t demonstrate with molotov cocktails. On the other hand, was there overcharging, was there overkill, was that a sledgehammer? I think there’s an element of overkill.”
I wonder what you would be saying if it had been Kyle Chapman and mates running around with sawn-off rifles, semi-automatics and Molotov cocktails? Also defence lawyer Russell Fairbrother’s assertion “What Tuhoe do is their business. We’ve got to stop judging other people by our standards.” strikes me as patronising. It suggests that Maori belong in a category not responsible for their actions along with children and the mentally ill. Maori are modern people with modern lives in a modern world. Misuse of firearms is a serious issue and if someone had gotten hurt or killed because of a bunch of overgrown kids playing sillybuggers, we would be having a very different conversation. </end cathartic rant>
I’m comparing them to similar cases Populuxe1. For example where somebody is caught with Molotove cocktails and premeditation of a crime is proven but not undertaken, they recieve less than a year. Most offenses concerning unregistered firearms receive a warning.
So while Hansen says he thinks there’s only a remote risk that the training would lead to crimes of violence, he hands down a sentence that is completely disproportionate to that contention, leaving myself and many other commentators to think that he’s been listening to the dog whistle that continues to be promoted by the police.
Let’s take another example where Cameron Slater publishes material calling for somebody to be gut shot, is known to have a mental illness, weapons and a large cashe of ammunition… but the police don’t even bother to question the hate monger. Do you not see the disproportionate treatment certain people get over others?
You quote Bill Hodge who says that people don’t demonstrate with Molotov cocktails, however sometimes they do. In this case it’s spurious to say that the Urewera four were using Molotov cocktails at all. There is no clear evidence linking them to what the police claim were Molotov cocktails. These so-called “restricted weapons” were not even taken off private land were they?
You then make a link between what was occurring in the Urewera’s and what white supremacist groups undertake all the time. The disproportionate focus on Maori in comparison to white supremacists couldn’t be starker. It shows an endemic racism within not just the police force, but policy makers as well.
It does not! It suggest there is some truth to the argument that Tuhoe is a sovereign nation that has never signed its right over to invading forces. Where on earth you got “children and the mentally ill” from is what is patronizing. Fairbrother also raises the issue of what private land actually is. Now that a retrospective law change has allowed the police unfettered access to spy on people no matter where they are, his statement is even more pertinent.
I couldn’t agree more. In fact I’ve written extensively on the subject… but the point you seem incapable of fathoming is that nobody was hurt, the crowns case was largely based on speculation and the sentences handed down were unprecedented in such circumstances. There are serious grounds for an appeal here, and I wont be surprised when Hansen’s prejudiced decisions are overturned.
Seconded!
Mirror mirror on the wall?
Don’t look too closely jack-off
The judgement on Liu is like Scottish Law (a very good one)
“Not Proven”.
This is not over yet by a long way.
Those wise economy boffins in National have discovered a new revenue stream to fund the $150 million refurbishment of New Zealand House – link
Complaints against Waitangi column upheld
It’s interesting that the Herald also reports that their readership has increased dramatically, which is one of the main reasons they publish such articles. It causes a scandal and people therefore buy more papers and visit the Herald website more, which means they can sell more advertising… have you seen how much advertising is in the Herald these days?
Unless there are some real financial disincentives to promoting such racist claptrap, we will continue to see similar bigoted and inaccurate articles being published.
Nope, can’t say I have. Don’t get the paper version and I have Adblock to remove advertising.
Somebody was nice enough to work out the content of the Weekend Herald, which just won Newspaper of the Year…
Sat 19 May: Pages 30. Advertising 56%. Opinion 11%. News 26%. Other 7%.
That’s by centimetre columns I take it. Man that’s some work, credit to whoever did it 😀
I think that’s how Chris worked it out.
Sunday Star Times is the worst. I swear to god a few times I have found them to be almost entirely content free.
Lifestyle Creep; peoples lifestyles being led by MARKETEERS for PROFIT.
Committing people and families to PAYMENT PLANS and DEBT
DEBT
DEBT. Follows around like a bad smell.
An ongoing CASH-COW for the corporate level and WANNABEES elite.
THINKING STUDENTS reference to Foucaults analyses of POWER DISCIPLINE PUNISHMENT
EXCELLENT analysis and synthesis there.
Great Work.
Liberal Studies at unis being CUT first.
RODD CARR, what a small-minded man.
Axe any Philosophy courses that direct one away from Utilitarianism?
Watch the mass-produced cohorts of non-utility “professionals” and their addiction to credentialism flee with the neglected productive classes.
Paul Thomas seems like a poor historicist apologist shoeshine boy.
IF one is aged between 30 AND 47 years of age and existentially relaxed, they are most able to challenge and modify the values beliefs and attitudes of the OLDER GENERATION who could know better.
DAVID PARKER.Not growth, ASIAN INVESTMENT in INFRASTRUCTURE.
EMPLOYMENT, of greater value to a LABOUR representative. Or give the portfolio to That Cunliffe chap.
Rena disaster – who’s really to blame
The failed free-market ideology that National blindly follows and greedy multinational’s are just as much to blame as those hapless idiots Captain Mauro Balomaga and navigational officer Leonil Relon who piloted the MV Rena into the Astrolabe reef…
Short the dollar.
http://www.scoop.co.nz/stories/HL1205/S00176/sludge-report-197-short-the-dollar.htm
shed a tear for james gurley.
passed on monday.
Mr Smith. Very Helpful. U the bomb.
Joe 90; Groovy.