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notices and features - Date published:
6:00 am, June 29th, 2024 - 27 comments
Categories: open mike -
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The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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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