Open mike 29/06/2024
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6:00 am, June 29th, 2024 - 27 comments
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- Dance Magic
Well, I've been there, sitting in that same chairWhispering that same prayer half a million timesIt's a lie, though buried in disciplesOne page of the Bible isn't worth a lifeThere's nothing wrong with youIt's true, it's trueThere's something wrong with the villageWith the villageSomething wrong with the villageSongwriters: Andrew Jackson ...5 hours ago - Government Forces Universities to Enforce “Free Speech” While Limiting Universities̵...
ACT would like to dictate what universities can and can’t say. We knew it was coming. It was outlined in the coalition agreement and has become part of Seymour’s strategy of “emphasising public funding” to prevent people from opposing him and his views—something he also uses to try and de-platform ...6 hours ago - Fact brief – Are we heading into an ‘ice age’?
Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by Sue Bin Park from the Gigafact team in collaboration with members from our team. You can submit claims you think need checking via the tipline. Are we heading ...18 hours ago - As Our Power Lessens: Published
So the Solstice has arrived – Summer in this part of the world, Winter for the Northern Hemisphere. And with it, the publication my new Norse dark-fantasy piece, As Our Power Lessens at Eternal Haunted Summer: https://eternalhauntedsummer.com/issues/winter-solstice-2024/as-our-power-lessens/ As previously noted, this one is very ‘wyrd’, and Northern Theory of Courage. ...23 hours ago - By Any Other Name.
The Natural Choice: As a starter for ten percent of the Party Vote, “saving the planet” is a very respectable objective. Young voters, in particular, raised on the dire (if unheeded) warnings of climate scientists, and the irrefutable evidence of devastating weather events linked to global warming, vote Green. After ...1 day ago - Bernard’s last Saturday Soliloquy for 2024
The Government cancelled 60% of Kāinga Ora’s new builds next year, even though the land for them was already bought, the consents were consented and there are builders unemployed all over the place. Photo: Lynn Grieveson / The KākāMōrena. Long stories short, the six things that mattered in Aotearoa’s political ...1 day ago - Bernard’s Picks ‘n’ Mixes for Saturday, December 21
Photo by CHUTTERSNAP on UnsplashEvery morning I get up at 3am to go around the traps of news sites in Aotearoa and globally. I pick out the top ones from my point of view and have been putting them into my Dawn Chorus email, which goes out with a podcast. ...1 day ago - 2024 OIA stats
Over on Kikorangi Newsroom's Marc Daalder has published his annual OIA stats. So I thought I'd do mine: 82 OIA requests sent in 2024 7 posts based on those requests 20 average working days to receive a response Ministry of Justice was my most-requested entity, ...2 days ago - Climate Change: A perverse incentive
The government published its first Biennial Transparency Report under the Paris Agreement yesterday, and the media has correctly noted that it is missing any plan to actually meet our target. While it hypes domestic emissions reductions so far - which have been good, but will likely get worse thanks to ...2 days ago
- Economic Bulletin December 2024
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The NZCTU Te Kauae Kaimahi have submitted against the controversial Treaty Principles Bill, slamming the Bill as a breach of Te Tiriti o Waitangi and an attack on tino rangatiratanga and the collective rights of Tangata Whenua. “This Bill seeks to legislate for Te Tiriti o Waitangi principles that are ...2 days ago
- ZB’s Power Couple
I don't knowHow to say what's got to be saidI don't know if it's black or whiteThere's others see it redI don't get the answers rightI'll leave that to youIs this love out of fashionOr is it the time of yearAre these words distraction?To the words you want to hearSongwriters: ...2 days ago - Austerity thumps GDP most since 1991
Our economy has experienced its worst recession since 1991. Photo: Lynn Grieveson / The KākāMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Friday, December 20 in The Kākā’s Dawn Chorus podcast above and the daily Pick ‘n’ Mix below ...2 days ago
- Weekly Roundup 20-December-2024
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The podcast above of the weekly ‘Hoon’ webinar for paying subscribers on Thursday night features co-hosts & talking about the year’s news with: on climate. Her book of the year was Tim Winton’s cli-fi novel Juice and she also mentioned Mike Joy’s memoir The Fight for Fresh Water. ...2 days ago
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The Government can head off to the holidays, entitled to assure itself that it has done more or less what it said it would do. The campaign last year promised to “get New Zealand back on track.” When you look at the basic promises—to trim back Government expenditure, toughen up ...2 days ago - Skeptical Science New Research for Week #51 2024
Open access notables An intensification of surface Earth’s energy imbalance since the late 20th century, Li et al., Communications Earth & Environment: Tracking the energy balance of the Earth system is a key method for studying the contribution of human activities to climate change. However, accurately estimating the surface energy balance ...3 days ago
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Photo by Mauricio Fanfa on UnsplashKia oraCome and join us for our weekly ‘Hoon’ webinar with paying subscribers to The Kākā for an hour at 5 pm today.Jump on this link on YouTube Livestream for our chat about the week’s news with myself , plus regular guests and , ...3 days ago - Christmas Gifts: Ageing Boomers, Laurie & Les, Talk Politics.
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- Cheeseburgers and Stunt Monkeys
One last thing before I quitI never wanted any moreThan I could fit into my headI still remember every single word you saidAnd all the shit that somehow came along with itStill, there's one thing that comforts meSince I was always caged and now I'm freeSongwriters: David Grohl / Georg ...3 days ago - MSD rejecting 220 pleas for food grants each day
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- The Wing Parties’ Economic Policies.
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This morning I awoke to the lovely news that we are firmly back on track, that is if the scale was reversed.NZ ranks low in global economic comparisonsNew Zealand's economy has been ranked 33rd out of 37 in an international comparison of which have done best in 2024.Economies were ranked ...3 days ago - Book Review: How Big Things Get Done
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Some years ago, I found myself pondering the power of literature to endure. Or at least the power of some of it to endure, while the rest vanishes in mere decades: https://phuulishfellow.wordpress.com/2019/08/07/look-on-my-works-ye-mighty-and-despair-the-literary-future/. I have similarly had fun with the subject in some of my short stories, such as Another Alexandria ...5 days ago - Corrections is torturing prisoners again
In 1998, in the wake of the Paremoremo Prison riot, the Department of Corrections established the "Behaviour Management Regime". Prisoners were locked in their cells for 22 or 23 hours a day, with no fresh air, no exercise, no social contact, no entertainment, and in some cases no clothes and ...5 days ago
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New data released by the Treasury shows that the economic policies of this Government have made things worse in the year since they took office, said NZCTU Economist Craig Renney. “Our fiscal indicators are all heading in the wrong direction – with higher levels of debt, a higher deficit, and ...5 days ago
- “Better economic management”
At the 2023 election, National basically ran on a platform of being better economic managers. So how'd that turn out for us? In just one year, they've fucked us for two full political terms: The government's books are set to remain deeply in the red for the near term ...5 days ago
- Shameless, clueless
AUSTERITYText within this block will maintain its original spacing when publishedMy spreadsheet insists This pain leads straight to glory (File not found) Read more ...5 days ago - Minimum wage ‘increase’ is an effective cut
The NZCTU Te Kauae Kaimahi are saying that the Government should do the right thing and deliver minimum wage increases that don’t see workers fall further behind, in response to today’s announcement that the minimum wage will only be increased by 1.5%, well short of forecast inflation. “With inflation forecast ...5 days ago
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Oh, I weptFor daysFilled my eyesWith silly tearsOh, yeaBut I don'tCare no moreI don't care ifMy eyes get soreSongwriters: Paul Rodgers / Paul Kossoff. Read more ...5 days ago - How much should you worry about a collapse of the Atlantic conveyor belt?
This is a re-post from Yale Climate Connections by Bob Henson In this aerial view, fingers of meltwater flow from the melting Isunnguata Sermia glacier descending from the Greenland Ice Sheet on July 11, 2024, near Kangerlussuaq, Greenland. According to the Programme for Monitoring of the Greenland Ice Sheet (PROMICE), the ...5 days ago
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In August, I wrote an article about David Seymour1 with a video of his testimony, to warn that there were grave dangers to his Ministry of Regulation:David Seymour's Ministry of Slush Hides Far Greater RisksWhy Seymour's exorbitant waste of taxpayers' money could be the least of concernThe money for Seymour ...5 days ago - When austerity worsens public debt & cuts GDP
Willis is expected to have to reveal the bitter fiscal fruits of her austerity strategy in the HYEFU later today. Photo: Lynn Grieveson/TheKakaMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Tuesday, December 17 in The Kākā’s Dawn Chorus podcast ...5 days ago
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And if there is a GodI know he likes to rockHe likes his loud guitarsHis spiders from MarsAnd if there is a GodI know he's watching meHe likes what he seesBut there's trouble on the breezeSongwriter: William Patrick Corgan Read more ...6 days ago - A Lipstick Government
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Iain Rennie, CNZMSecretary and Chief Executive to the TreasuryDear Secretary, Undue restrictions on restricted briefings This week, the Treasury barred representatives from four organisations, including the New Zealand Council of Trade Unions Te Kauae Kaimahi, from attending the restricted briefing for the Half-Year Economic and Fiscal Update. We had been ...6 days ago
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A grassroots backlash has forced a backdown from Brown, but he is still eyeing up plenty of tolls for other new roads. And the pressure is on Willis to ramp up the Government’s austerity strategy. Photo: Getty ImagesMōrena. Long stories short, the six things that matter in Aotearoa’s political economy ...6 days ago
- Thank You
Hi all,I'm pretty overwhelmed by all your messages and emails today; thank you so very much.As much as my newsletter this morning was about money, and we all need to earn money, it was mostly about world domination if I'm honest. 😉I really hate what’s happening to our country, and ...7 days ago - 2024 SkS Weekly Climate Change & Global Warming News Roundup #50
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I started writing this morning about Hobson’s Pledge, examining the claims they and their supporters make, basically ripping into them. But I kept getting notifications coming through, and not good ones.Each time I looked up, there was another un-subscription message, and I felt a bit sicker at the thought of ...1 week ago - Nothing here but the shadows
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Hi,“What I love about New Zealanders is that sometimes you use these expressions that as Americans we have no idea what those things mean!"I am watching a 30-something year old American ramble on about how different New Zealanders are to Americans. It’s his podcast, and this man is doing a ...1 week ago - Chris Penk’s Hate Parade
What Chris Penk has granted holocaust-denier and equal-opportunity-bigot Candace Owens is not “freedom of speech”. It’s not even really freedom of movement, though that technically is the right she has been granted. What he has given her is permission to perform. Freedom of SpeechIn New Zealand, the right to freedom ...1 week ago - Tell me a story
All those tears on your cheeksJust like deja vu flow nowWhen grandmother speaksSo tell me a story (I'll tell you a story)Spell it out, I can't hear (What do you want to hear?)Why you wear black in the morning?Why there's smoke in the air? Songwriter: Greg Johnson.Mōrena all ☀️Something a ...1 week ago - As Our Power Lessens: Accepted
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National has only been in power for a year, but everywhere you look, its choices are taking New Zealand a long way backwards. In no particular order, here are the National Government's Top 50 Greatest Misses of its first year in power. ...2 days ago - Release: Minister’s plan for tertiary sector a backwards step
Returning to the model that was failing for most polytechnics and Institutes of Technology is not the answer. ...2 days ago
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It’s been revealed that National has cancelled 60 percent of its housing projects planned before mid-2025 amidst housing woes. ...2 days ago
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The Government’s planned changes to the freedom of speech obligations of universities is little more than a front for stoking the political fires of disinformation and fear, placing teachers and students in the crosshairs. ...3 days ago - Release: Nicola Willis spirals country deeper into recession
The economy shrank 1% this quarter and New Zealand has tumbled into the depths of a recession of Nicola Willis’ making. ...3 days ago
- Release: Hikes for company directors but not ordinary Kiwis
Working people are going backwards while company directors are being given huge pay hikes. ...4 days ago
- ECE no place to cut corners
The Ministry of Regulation’s report into Early Childhood Education (ECE) in Aotearoa raises serious concerns about the possibility of lowering qualification requirements, undermining quality and risking worse outcomes for tamariki, whānau, and kaiako. ...4 days ago
- Release: Strengthening Justice Services for New Zealanders
A Bill to modernise the role of Justices of the Peace (JP), ensuring they remain active in their communities and connected with other JPs, has been put into the ballot. ...4 days ago
- Release: Labour will continue fight against destructive projects
Labour will continue to fight unsustainable and destructive projects that are able to leap-frog environment protection under National’s Fast-track Approvals Bill. ...5 days ago
- Green Government will revoke dodgy fast-track projects
The Green Party has warned that a Green Government will revoke the consents of companies who override environmental protections as part of Fast-Track legislation being passed today. ...5 days ago
- Government for the wealthy keeps pushing austerity
The Green Party says the Half Year Economic and Fiscal Update shows how the Government is failing to address the massive social and infrastructure deficits our country faces. ...5 days ago
- Release: Visa changes let migrant workers be paid less
The Government’s latest move to reduce the earnings of migrant workers will not only hurt migrants but it will drive down the wages of Kiwi workers. ...5 days ago
- Release: Nightmare before Christmas for Nicola Willis
With more debt and a larger deficit, Nicola Willis’ reputation is in tatters after her failure to return the Government’s books to surplus. ...5 days ago
- Warning to Fast-Track Applicants – ‘Exploit the Whenua, Face the Consequences’
Te Pāti Māori has this morning issued a stern warning to Fast-Track applicants with interests in mining, pledging to hold them accountable through retrospective liability and to immediately revoke Fast-Track consents under a future Te Pāti Māori government. This warning comes ahead of today’s third reading of the Fast-Track Approvals ...5 days ago
- Release: Govt cuts wages for lowest paid NZers… again
For the second year running, the government has effectively cut wages for the lowest paid workers in New Zealand. ...5 days ago
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The Government’s announcement today of a 1.5 per cent increase to minimum wage is another blow for workers, with inflation projected to exceed the increase, meaning it’s a real terms pay reduction for many. ...5 days ago
- Release: Govt shirking responsibility for rate hikes
All the Government has achieved from its announcement today is to continue to push responsibility back on councils for its own lack of action to help bring down skyrocketing rates. ...5 days ago
- Luxon’s ‘localism’ strikes again
The Government has used its final post-Cabinet press conference of the year to punch down on local government without offering any credible solutions to the issues our councils are facing. ...6 days ago
- Release: Govt breaks promise on EV chargers
The Government has failed to keep its promise to ‘super charge’ the EV network, delivering just 292 chargers - less than half of the 670 chargers needed to meet its target. ...6 days ago
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The Green Party is calling for the Government to stop subsidising the largest user of the country’s gas supplies, Methanex, following a report highlighting the multi-national’s disproportionate influence on energy prices in Aotearoa. ...6 days ago
- Govt child poverty targets allow for increase in poverty
The Green Party is appalled with the Government’s new child poverty targets that are based on a new ‘persistent poverty’ measure that could be met even with an increase in child poverty. ...1 week ago
- Release: Four weeks annual leave under threat
The Government’s attack on workers continues with news it is scrapping work on the Holidays Act. ...1 week ago
- Govt’s emissions plan for measly 1% reduction
New independent analysis has revealed that the Government’s Emissions Reduction Plan (ERP) will reduce emissions by a measly 1 per cent by 2030, failing to set us up for the future and meeting upcoming targets. ...1 week ago
- Greens stand in solidarity with Whakaata Māori on sad day
The loss of 27 kaimahi at Whakaata Māori and the end of its daily news bulletin is a sad day for Māori media and another step backwards for Te Tiriti o Waitangi justice. ...1 week ago
- Sanctions regime to create more hardship for families
Yesterday the Government passed cruel legislation through first reading to establish a new beneficiary sanction regime that will ultimately mean more households cannot afford the basic essentials. ...1 week ago
- Govt gifts renters housing anxiety for Christmas
Today's passing of the Government's Residential Tenancies Amendment Bill–which allows landlords to end tenancies with no reason–ignores the voice of the people and leaves renters in limbo ahead of the festive season. ...1 week ago
- Release: National Party urged to support modern slavery legislation
Labour is urging the Prime Minister to walk the talk and support legislation combating modern slavery. ...1 week ago
- Release: Labour has lost confidence in the Speaker
The Speaker of the New Zealand Parliament made an unprecedented decision on the government amendment to the Fast Track Approvals Bill last night. ...1 week ago
- One year on, still no progress on new ferries
Today’s announcement from the Government on its plan for new ferries throws more uncertainty on the future of the country’s rail network. ...2 weeks ago
- Release: Nicola Willis’ smaller ferries will cost more
After wasting a year, Nicola Willis has delivered a worse deal for the Cook Strait ferries that will end up being more expensive and take longer to arrive. ...2 weeks ago
- Bill to sanction unlawful occupation of Palestine
Green Party co-leader Chlöe Swarbrick has today launched a Member’s Bill to sanction Israel for its unlawful presence in the Occupied Palestinian Territory, as the All Out For Gaza rally reaches Parliament. ...2 weeks ago
- Release: Labour fully supports greyhound racing ban
The Government has done the right thing in moving to ban greyhound racing. ...2 weeks ago
- Greyhound racing industry ban marks new era for animal welfare
After years of advocacy, the Green Party is very happy to hear the Government has listened to our collective voices and announced the closure of the greyhound racing industry, by 1 August 2026. ...2 weeks ago
- Rangatahi voices must be centred in Government’s Relationship and Sexuality Education refresh
In response to a new report from ERO, the Government has acknowledged the urgent need for consistency across the curriculum for Relationship and Sexuality Education (RSE) in schools. ...2 weeks ago
- Govt introduces archaic anti-worker legislation
The Green Party is appalled at the Government introducing legislation that will make it easier to penalise workers fighting for better pay and conditions. ...2 weeks ago
- Winston Peters – Kinleith Mill Speech
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- He Ara Anamata: Greens launch Emissions Reduction Plan
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- Internationally-trained doctors jump at chance to boost health workforce
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Prime Minister Christopher Luxon has appointed Sarah Ottrey to the APEC Business Advisory Council (ABAC). “At my first APEC Summit in Lima, I experienced firsthand the role that ABAC plays in guaranteeing political leaders hear the voice of business,” Mr Luxon says. “New Zealand’s ABAC representatives are very well respected and ...2 days ago
- New intelligence oversight appointments
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- New housing developments able to progress more quickly
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- Actions to speed up air travel delivering results
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- Ending contracted emergency housing in Rotorua
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- Vocational education and training decisions support return to regions
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- Reducing the environmental impact of synthetic refrigerants
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- Ngāruawāhia section of Waikato Expressway back to 4 lanes for Christmas
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- Appointments to the ENZ board
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- Government to celebrate Waitangi Day around NZ
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- More gangs added to Gangs Act list
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- Judicial appointment announced
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- GDP data highlights importance of growth
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- Strengthening Free Speech in Universities
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- Launch of Emergency Cellular Priority Service
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- Minister reopens Mangamuka Gorge
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- Funding confirmed for second Ashburton Bridge
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- Government boosts support for avian influenza response
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- Levelling the playing field for media advertising
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- Inspector-General of Defence appointed
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- Fire and Emergency New Zealand final levy rates confirmed
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- More AML relief on the way for Kiwi businesses
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- Hawke’s Bay Expressway moving at pace
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- Government seeks partnerships to plant trees on Crown-owned-land
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- Wide ranging legislation to make justice system more efficient
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- Diverse skills in community trust appointments
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- Torture redress for survivors of the Lake Alice Unit
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- A busy year in the House
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- Consultation opens on working with engineered stone
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- Greater reporting on Treaty settlement commitments
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- New appointments to the Charities Registration Board
Mr Roger Holmes Miller and Ms Tarita Hutchinson have been appointed to the Charities Registration Board, Community and Voluntary Sector Minister Louise Upston says. “I would like to welcome the new members joining the Charities Registration Board. “The appointment of Ms Hutchinson and Mr Miller will strengthen the Board’s capacity ...4 days ago
- Building consent processing times improve
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- Faster access to support through Innovation Fund
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- New Zealand to assist Vanuatu on earthquake response
New Zealand is providing Vanuatu assistance following yesterday's devastating earthquake, Foreign Minister Winston Peters says. "Vanuatu is a member of our Pacific family and we are supporting it in this time of acute need," Mr Peters says. "Our thoughts are with the people of Vanuatu, and we will be ...4 days ago
- Government takes steps to reduce card fees for Kiwis
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- Review recommends ECE regulation shakeup
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- Offshore Renewable Energy Bill passes first reading
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- Local Government (Water Services) Bill passes first reading
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- Gene Technology Bill passes first reading
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- Israeli-American historian describes attacks on Gaza as ‘war of annihilation’
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Does anyone have good tinfoilhat downloads on the Bolivian failed coup, as well as the on-off US sanctions on Venezuela?
Plenty of case to be made that each country's leaders are eating each other, plenty of world-scale assets, plenty of international intrigue.
Infometrics of 27 June is about as dark as I've seen an analysis of the New Zealand economy in my living memory.
https://www.infometrics.co.nz/article/2023-06-nz-economy-out-of-balance
"Considering these issues against the backdrop of slower Chinese economic growth, it is difficult to be overly optimistic about New Zealand’s medium-term economic prospects. There have been positive facets to our economic performance over the last 40 years, but too often we have ignored problems and failed to plan for the future. The emerging imbalances are now signalling that we’re not as well-off as we might have thought."
And when we do get a govt with a little forward vision – ie Three Waters, the Inter-islander ferries etc, we 'elect' a short term neolib govt with as much vision as a mole at midnight!
First published a year ago and nothings changed.
What do you do when you commission research into an important topic and then you don't like the results? The Economist shows that in this case, the answer was to try and influence the results and then suppress them where possible.
https://archive.ph/lyvdp
"In April Hilary Cass, a British paediatrician, published her review of gender-identity services for children and young people, commissioned by nhs England. It cast doubt on the evidence base for youth gender medicine. This prompted the World Professional Association for Transgender Health (wpath), the leading professional organisation for the doctors and practitioners who provide services to trans people, to release a blistering rejoinder. wpath said that its own guidelines were sturdier, in part because they were “based on far more systematic reviews”.
"Court documents recently released as part of the discovery process in a case involving youth gender medicine in Alabama reveal that wpath’s claim was built on shaky foundations. The documents show that the organisation’s leaders interfered with the production of systematic reviews that it had commissioned from the Johns Hopkins University Evidence-Based Practice Centre (epc) in 2018."
Big Hairy News and Sunita Torrence talk about suing Brian Tamaki over Destiny's attacks on Rainbow Story Time.
They are welcome. However the questions have to be asked about why drag has morphed from the midnight show at a Gay bar or Club into something suitable for preschoolers at 10am without so much as a costume change.
And you can't sanitise "womanface" by draping it in a Rainbow Flag.
What is next – the Black and White Minstrel Show?
Cultural appropriation is unacceptable in any guise.
Aaaaand I thought this place improved.
Goodbye for now.
IMHO the CoC is deliberately crashing the New Zealand economy I presume they have calculated a political profit for themselves in this.
Yes , I have been racking my brains with the same realisation .
Its like they are self perpetuating a home grown recession .
After all , pundits have known for years that austerity just exacerbates economic hardships .
Look how the Thatcherite years of Britain put its economy into freefall , which it could be argued they have never recovered from .
Na it's worse than that mate , the fuckers actually think they know what they're doing. !!!
Accredited Employer Visa changes (4 and 5 categories).
Open up the tap. Tighten it back up.
https://www.newshub.co.nz/home/politics/2024/06/migrant-group-horrified-by-ruthless-changes-to-visa-scheme.html
Federated farmers not at all happy about the AEV changes either!! Stephen Todd is our local Fed Farmers head.
https://www.farmersweekly.co.nz/people/visa-changes-devastating-for-farmers-and-workers/
Just watched the Stuff documentary The Long Game.
https://www.stuff.co.nz/nz-news/350325795/how-mp-became-good-friends-ccp
Fascinating analysis of possible CCP infiltration of our government.
Sometimes I think we forget that the mandarins of China have been doing this sort of thing, pretty much uninterrupted, for 4000 years.
Why is NAct wrecking the economy? I don’t think it’s deliberate, I think the problem is that Luxon is getting a nagging feeling that he may not be as clever as he thought, we all know that’s the case, evidence of this is his reluctance to have a portfolio, nothing to manage, hence nothing to fuckup and somebody else gets the blame. couple this with a Finance minister who can’t count, and frankly doesn’t know she can’t, and what could possibly go wrong ?
More to the point is that so much damage was done by the previous administration that there are no quick fixes and the destruction deliberately started then is still unwinding.
Broken things need replacing if they cannot be fixed – and that takes LOTS of time and resources. Cannot happen in the time this administration has had.
Would you like to be specific about the"damage done by the previous administration"?
$100 BILLION of debt which has resulted in $8 BILLION of interest being sucked out of Government budgets every year for the foreseeable future …. perhaps the biggest damage. Plus the lack of any of that used for investment in infrastructure such as roading maintenance and maintenance of existing ferry and electric grid infrastructure.
The collapse has not been brought about by ONE year of the present administration but has been coming for much longer.
Why did you make up this false fact? To suit your own narrative?
If the Grimm brothers were still alive they would be asking you to write more fairy tales, Maurice.
We had liabilities of $237B in 2023.
https://www.stats.govt.nz/information-releases/government-finance-statistics-general-government-year-ended-june-2023/
The current cost of public debt is $8.8B pa.
https://budget.govt.nz/budget/2024/bps/fiscal-strategy-debt.htm
So I would say you are misrepresenting the cost of $100B of debt.
So is even worse than $100 Billion – Debt added on top of debt – $273 BILLION… I was understating the position then?
Debt was getting under control before 2018 but since then it is apparent that our debt ratio has kept on rising even after the economy had recovered and Covid spending had ended. Resulting in $8.8 BILLION interest payments shackling Government spending going forward. The new Government has clearly been too timorous and must try some real austerity. Cue the present howling!
$237B
The cost of debt is as you will note not high. This is because of our good credit rating.
This is because our net debt is a much lower figure.
The increase in net debt 2008-2015 per GDP is not much different to that 2017-2024.
https://budget.govt.nz/budget/2024/bps/fiscal-strategy-debt.htm
Polling in France is showing the far right National Rally (RN) with a very substantial lead over the leftist block, with the the centrist (Macron) trailing in third place. A huge turn around for the political situation in France.
https://www.reuters.com/world/europe/french-far-right-extends-poll-lead-campaign-ends-2024-06-28/
At least one poll, calculates that the RN + allies could end up with an absolute (if slender) majority.
Although, I wouldn't read too much into this – since tactical voting – withdrawing candidates, etc., is a mainstream part of French politics.
Luxon at Go Media Stadium. Camera zeroed in and was spotted on the big screen.
Noticeable round of boos.
Just wait till they get to know him!!
It happened there, too:
https://www.theguardian.com/business/article/2024/jun/29/rishi-sunak-smoking-ban-bill-backlash-tobacco-firms