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Oram – seven warning signs for the economy

Written By: - Date published: 10:07 am, July 24th, 2016 - 23 comments
Categories: economy, national, useless - Tags: , , ,

wile e coyoteRod Oram’s Sunday Star-Times, reprinted on Facebook here, has a useful roundup of the recent chorous of economic warnings:

Our Road Runner economy is zooming towards the cliff-edge

When the Road Runner zooms out over a cliff, looks down and sees the gaping chasm beneath, it loses momentum and plummets.

That would be Wile E Coyote you’re thinking of, but we won’t hold it against you!

Perhaps the cartoon character is telling us something about the New Zealand economy. Seven news items this week give us a glimpse into the void.

1. Auckland house prices and the NZ dollar are “overcooked,” says David Hisco, chief executive of ANZ in New Zealand. “The ending is pretty much the same – sometimes a little plot twist, but usually messy.”

2. Global dairy prices are struggling to recover, says the OECD-FAO in their annual world agricultural outlook. To break even, the average NZ farmer needs a price of US$2,650 per tonne of whole milk powder. But it won’t reach that level until 2019. …

3. Inflation is moribund. It was 0.4 per cent in the year to June, and equally weak or dipping into deflation in many other countries. …

4. The NZ dollar is far too strong. …

5. The global economy is slowing. In April, the IMF reduced its forecasts for global growth, with only China among large economies edging a tad higher. Since then the IMF has highlighted Brexit and other factors that have made the outlook more uncertain.

6. Global income is stagnating for many people. Two-thirds of households in 25 advanced economies suffered flat or falling real incomes between 2005 and 2014, according to analysis just released by the McKinsey Global Institute. Some 540 million people are affected, says the report available at nz2050.com/McKinseyInequality.

7. Voter fury is spreading. The vindictive, mob mentality of US Republicans at their convention this week is but one example of the global malaise. Donald Trump, their agitator-in-chief, believes this tide of outrage will sweep him into the White House. …

We are utterly exposed to all these local and global conditions. Yet, our government deludes itself, and tries to sucker us too, into believing the high dollar, house prices, immigration and tourism are all signs of success.

We’re not at the cliff-edge yet. But only strong-eyed realism will save us in time.

We have the wrong government for “strong-eyed realism”. National specialises more in lies, denial, and electoral expedience. Bummer.

23 comments on “Oram – seven warning signs for the economy”

  1. dave 1

    But only strong-eyed realism will save us in time

    no they cant see past there house prices because far to many have used there homes as ATM machines realism reality will come with a bang. then the squealing will begin.

    • Richardrawshark 1.1

      69k mortgage this morning , left to pay that is…i havn’t used my ridiculously increasing house value to borrow for a tv etc, car what have you.

      If you did, well I really have not any sympathy and when Keys bubble bursts, you , and that’s those who voted National due to there borrowing, deserve a whole hearted boo hoo and well tough.

      Maybe they will crawl back to where they came from and life will return to a more normal path.

      • dave 1.1.1

        i fear they will take the prudent responsible citizens down with them. i have no problem with the irresponsible greedy and foolish crash and burning .my concern is damage they will do to society on the way down. do you think the increasing amounts of homeless is tip of a huge wedge thats already over the cliff and waiting for the fall?thats what iam taking from the article

  2. Pat 2

    “We’re not at the cliff-edge yet. But only strong-eyed realism will save us in time.”

    Think R.Oram is suggesting that we have passed the cliff edge and just haven’t looked down and realized it.

    • Pat 2.1

      edit…I see he is not, though IMO he possibly should (its a good analogy, Wile.E.Coyote) for what strong eyed realistic actions can prevent the fall?

  3. Guerilla Surgeon 3

    Voter fury is spreading with good damned reason. Working class people find it difficult to define anyone to vote for who has their interests at heart. The US situation is complicated by religion and guns, but even so people are voting for demagogues because they make promises about improving working people’s lives. With a liberal use of scapegoats. It’s going to be interesting when they find out these promises can’t be kept.

    • Paul 3.1

      Why I’m Ashamed I Voted Remain

      The E.U. had suddenly acquired an almost religious power. The fact is that for towns like Oldham, Boston and Merthyr Tydfil, large-scale immigration and globalisation does not mean multicultural community groups, Portuguese cafes and discussing cultural differences with your student friends from Sweden and Belgium. To these people, who have struggled with the decline of their industrial jobs, it means constant flux, it means change they did not ask for, it means losing things, and it means more people to compete with for the jobs that were already thin on the ground. But no one since the referendum wants to confront this. Indeed, as Ben Goldacre suggested, these are the ‘losers’; the people who are mocked routinely by clever-clever Oxbridge comedians on panel shows and sitcoms, the people who have to put up with their towns being the butt of jokes, the people who have been systematically ignored as the sophisticates turn a blind eye and refuse to look up from their iPads in the local Starbucks to see the suffering that may be necessary to provide us with these vapid pleasures.

      The inequality gap has grown so wide that there are students in London who genuinely cannot fathom why a poor young person living in Rochdale might not see the benefits of a gap year travelling around Eastern Europe. And why should they be able to understand the poor? They have absolutely zero reference points they can consult to understand the plight of the working class in Britain. They are more likely to empathise with a Brooklyn hipster than they are with a Burnley plumber………

      ….So what is it going to be? Do we want democracy or do we want the self-selecting intelligent vanguard deciding for the rest? Are we going to drift further into some sort of social apartheid where poor people get driven farther and farther out of cities and become secluded in ghost towns with the lines of communication between them and the educated middle-class cutoff? Or are we going to speak to each other? There is no easy answer to the multitude of problems we face now. However, I do believe we should be opening ourselves to some difficult questions that lead us outside our comfortable bubbles. We have to understand why people are angry about immigration and we have to fix our fractured communities.

      What certainly will not help is demonising large sections of the population who already feel like they are being attacked from all angles. If you push people far enough, they will have no choice but to push back. Let’s talk. Let’s listen to the other point of view. Let’s try to understand where they are coming from. Let’s admit it is possible that we might be wrong about some things, that we might be recycling what we hear from our own biassed sources. If we do not liberate ourselves from our comfortable groups, then there is a hard rain that is a-gonna fall. The bubble will burst. And you (yes you, Fat White Family and your ilk) will have a lot more than visa applications to worry about.

      https://off-guardian.org/2016/07/23/why-im-ashamed-i-voted-remain/

      • miravox 3.1.1

        I think the UK government has more to do with enabling the conditions the writer is rightly concerned about. Wait until Theresa May gets rid of the EU human rights legislation, workers rights protection, environment protection and climate initiatives and they may find the remain vote was not such a bad thing after all

    • Richard Christie 3.2

      It’s going to be interesting when they find out these promises can’t won’t be kept.

      fify.

      ( c’mon, without that change we may as well all just give up and resign ourselves to no change. 🙂 )

      • blacksand 3.2.1

        Yes, it will be. Some will be sooner, some will be later – like Muldoon’s promises that it’ll be all fine cashing in the superfund, the Government will look after you.

        Of course the ones who took the punt were the same ones that Winston Peters had enormous appeal for. Just like the current superfund – someone else is going to get good mileage when a future government is struggling to make ends meet.

  4. Paul 4

    And other article, connected to Oram’s warnings about a future crash.

    Budget Buster: How safe are banks, really?

    http://www.stuff.co.nz/business/money/82354985/budget-buster-how-safe-are-banks-really

    • Draco T Bastard 4.1

      Despite what most people assume, the Government isn’t protecting you either. It bailed out the BNZ in 1989, but there’s no guarantee that’ll happen again.

      And it really actually something that the government shouldn’t do. It’s not the governments’ job to protect people from the risks that they take in their investments.

      This means it’s a good idea to take an interest in your bank’s financial health. The most useful metric is the credit rating, found in its quarterly disclosure statements or on the Reserve Bank website.

      LOL

      Here’s a list of all the banks that collapsed/got bailed out during the GFC. Most, if not all of them, had AAA credit ratings.

    • peterlepaysan 4.2

      Banks are safe because governments are afraid of them.

  5. joe90 5

    Meanwhile, on the 9th floor….

  6. Chooky 6

    +100 Rod Oram is always worth listening to

    One could also add to that list corporate entertwining and knitting in State affairs eg Goldman Sachs..Has this happened also in New Zealand?…Yes?

    http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11262662

    http://www.interest.co.nz/bonds/63293/treasury-hires-goldman-sachs-prepare-report-kiwibanks-future-capital-needs

    Episode 943

    https://www.rt.com/shows/keiser-report/352425-wall-street-gas-oil/

    In this special episode of the 2016 Summer Solutions series of the Keiser Report, Max and Stacy talk first to former banker, now author, Nomi Prins, about a solution to the revolving door between Wall Street and DC. They discuss whether or not Hillary Clinton’s highly paid speeches to Goldman Sachs matter and whether or not Wall Street expects anything in return for its contributions to her campaign.

    In the second half, Max and Stacy talk to UK activist Tina Rothery about fracking being forced upon the people of North Yorkshire, who have overwhelmingly expressed their resistance to the ‘controversial’ natural gas and oil extraction method. They ask what the solution is going forward when elected officials choose corporations over populations.

  7. Keith 7

    Related to the lies and general poor performance of this government is this article here from NZ Farmer.co; http://www.stuff.co.nz/business/farming/82400784/PMs-department-warned-of-Chinese-trade-threats-but-didn-t-brief-him.

    In short regarding Chinese trade embargoes against NZ, the “Department of the PM and Cabinet did not brief the Prime Minister, or his office at this time as MFAT was following up to assess the veracity of the claims made – specifically around whether there had been any industry consultation and whether China was planning any trade measures against New Zealand.”

    Apparently the PM was “blindsided” by his own department, which failed to tell him about Chinese threats against dairy, kiwifruit and wool exports.

    But what becomes clear is trade minister Todd McClay and John Key were in denial about any issues with trade and China, only for McClay to backtrack the following week. Recall him and John making an absolute pigs arse of their “recollections” over Keys lawyer and the Panama papers? God that was awful.

    You see we dumb fucks are supposed to believe the PM of NZ and his ministers were blissfully unaware of such a potentially and massively threatening problem with our largest trading partner. We were supposed to believe that these big firms who are directly affected by such trade embargoes and who ultimately make sizable “donations” to the National Party to buy influence would have sat quietly by without ever using their speed dial to get hold of their favourite Nat minister to tell them. We were supposed to believe that you don’t tell the PM anything because he is either a simpleton who can’t handle this kind of news or a very sensitive man who is too busy to be trouble about such trifling nothings as trade embargoes. Well until they were uncovered lying that is.

    So plan B was launched, pretend John Key knew nothing. And it is as lame as it is laughable! Of course this has been used before when we were supposed to believe John Key knew nothing of a character assassination department operating out of his office, THE PM’s office, Dirty Politics ring a bell? But who cares if he lied, again, its as everyday as a bear shitting in the woods. Nat voters couldn’t give a shit how dishonest Key is, ever!

    The truth is the PM and his relevant ministers were well aware of this problem sometime ago but buried it, probably safe in the knowledge that it’s many media pimps in Mediaworks, NZME, TVNZ etc would never say anything anyhow. But somehow it slipped out, possibly through RNZ? Question is with this latest bungled cover up is why National were so keen to hide this?

    Could the answer be that the National Party have something to hide? Has some Nat pissed the Chinese government off somehow. One would have thought spying on them for the US would have hurt. Even siding with the US and kissing their arse on a constant basis would be good cause but that is so 2014. So what is the reason they hid this and then lied about it? I’d love to know!

    • One Anonymous Bloke 7.1

      It’s his “department” now, not his office. As in “that’s not my department”.

  8. Glenn 8

    RadioNZ,

    23 July, 2016

    An important indicator of the health of the British economy has found there has been a steep decline in economic activity since the country voted to leave the European Union.

    The Markit Purchasing managers index (PMI) – which measures the mood in the manufacturing and services sectors – has fallen at its sharpest rate since 2009.
    The survey, which is done every month and is widely watched by economists and financial markets, found that both output and new orders fell in July for the first time since 2012.
    Optimism among service industry companies was at its lowest in seven and a half years.

    The survey report suggested uncertainty following the UK vote was a major concern.
    The IMF’s managing director Christine LaGarde has called for clarity about the country’s relationship with the global economy.

    ‘Record slump’
    Chris Williamson, chief economist at IHS Markit, said the downturn had been “most commonly attributed in one way or another to ‘Brexit’.”
    He added that the economy could contract by 0.4 percent in the third quarter of this year, but that would depend on whether the current slump continued.
    “The only other times we have seen this index fall to these low levels, was the global financial crisis in 2008/9, the bursting of the dot com bubble, and the 1998 Asian financial crisis,” Mr Williamson said.

    “The difference this time is that it is entirely home-grown, which suggest the impact could be greater on the UK economy than before.

    “This is exactly what most economists were saying would happen.”

    A subset of the PMI figures, shows that service companies, such as insurance or advertising, are feeling less positive about the future than at any time since the height of the recession.

    – BBC

  9. righty right 9

    what do you want john key to do he has to lie to keep the economy moving what would happen if investors lost confidence john lies for the greater good.john key lies for new zealand

  10. Graham Townsend 10

    “Voter fury” is indeed spreading, as more people realise that the richest 1% are creaming it while the rest are subject to austerity. However there is a back-story here that is rarely discussed – one that neither the left nor the right have faced up to. Up till now we’ve been able to fantasise about endless economic growth – the physical resources upon which that growth is based (strategic minerals, fish stocks, arable land, potable water, cheap energy and a benign climate) seemed unlimited and were taken for granted. So we’ve built our economy on that assumption. We’ve borrowed a lot of money (personally and nationally) from the merchant bankers, in the attempt to create the glossy-magazine lifestyle for all, including the citizens of developing nations. But a few people are starting to realise that, given finite global resources, the global economy is basically a massive ponzi scheme based on the cargo-cult of everlasting growth; and that even if we rein in the tax dodgers and other parasites, the future lies in a smaller economy with less disposable income for many of us.

  11. jcuknz 11

    GT 8.21
    I think quite a few folk know that we live on a finite planet with nowhere to go but it is simply not PC, except for twits like myself, to publicly say so.
    Fingers crossed that is changing and action takes place to curb the business community in their rape of the earth.
    There has to be a better way than the current system.

  12. papa tuanuku 12

    Will the the under 30s understand the road runner analogy?

    I saw a Labour reference to Hogan’s Heroes recently. Great for the over 40s, but to get the majority vote, think universal and / or current analogies. Its an important way of connecting, in the way that incessant Herald ‘John Key’s son’ stories enhance the Key brand which sucks but is probably working for Nats.

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  • Time for Grant Robertson to reveal package #2?
    On March 17, Finance Minister Grant Robertson was quick out of the blocks with an economic rescue package to help businesses through the inevitable recession resulting from the coronavirus pandemic. Robertson had pulled together a scheme in short order that so far seems to have saved many jobs. In his ...
    PunditBy Tim Watkin
    5 days ago
  • Saving lives
    The purpose of the lockdown is to save lives, by reducing the spread of covid-19. We won't know if its really working for another week, but given the devastation that will result if it doesn't - 14,000 dead is the optimistic scenario - its definitely worth trying. But pausing the ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Life in Lock Down: Day 5
    . . March 30: Day five of living in lock-down… Woke up still in darkness. Alarm hadn’t gone off. Turn to radio clock; it’s a few minutes after 6am… I lie there in the dark, waiting to drift off to sleep… but it ain’t happening. Clock ticks over to 6.55 ...
    Frankly SpeakingBy Frank Macskasy
    5 days ago
  • Speaker: Les Gray: the man who told the truth
    The story of Les Gray, the public sector psychologist who told the truth about his use of cannabis and set off a storm, has a special place in the lore of cannabis reform in New Zealand.When Paul Shannon interviewed Gray for the 'Dope and Hope' issue of Planet magazine in ...
    5 days ago
  • Why now? Historical specificity and the perfect storm that has created trans identity politics
    by Phil Duncan For Marxists, a key concern about social trends is their context – not just their causes, but why they happen when they do.  Events and phenomena have causes, but they also are time or period-specific. While much of the left have capitulated recently to postmodernism, most notably ...
    RedlineBy Admin
    6 days ago
  • Time for a living wage for supermarket workers
    Since the lockdown began, we've all suddenly been reminded who the actually essential workers in our society are: not the people at the top who pay themselves the big bucks and rort the perks, but the people at the bottom they screw over and squeeze: cleaners, warehouse staff, truck drivers ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Hard News: MUSIC: Lockdown Grooves
    Kia ora! As I've watched nearly all my remaining work vanish over the past couple of days, it has occured to me that one good way to keep me away from arguing with fools on Twitter all the time (in the knowledge that all we're really doing is processing our ...
    6 days ago
  • A place of greater safety?
    Aotearoa New Zealand has committed to trying to extirpate the virus that causes COVID-19 from its shores. To do that, as a society we’ve moved to “Level 4”. That means adapting to unprecedented restrictions on our personal freedoms, particularly to our rights to move freely and associate with friends and ...
    PunditBy Andrew Geddis
    6 days ago
  • The police and public trust
    When the Prime Minister declared a state of emergency last week, she handed the police powers to enforce it. And almost immediately, we started hearing about heavy-handed, arbitrary "enforcement" by police who (at best) cared more about order than law, or (more likely) had no idea what the rules were ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Life in Lock Down: Day 4
    . . Lock Down: Day 4 – A photo essay with observations . March 29: Usual wake up routine as RNZ snaps on my radio-clock. Jim Mora’s voice slowly enters my conciousness; there’s talk of a second wave of covid19 taking hold in South Korea; the week in Parliament – ...
    Frankly SpeakingBy Frank Macskasy
    6 days ago
  • COVID-19 vs New Zealand
    Yesterday, New Zealand recorded its first Covid-19 related death on the West Coast. Unfortunately this is unlikely to be the only fatality, with the virus now being found in every region of the country.However despite the significant danger, people are still unfortunately breaching lockdown rules.There’s really only one main very ...
    6 days ago
  • 2020 SkS Weekly Climate Change & Global Warming Digest #13
    Story of the Week... Toon of the Week... Coming Soon on SkS... Climate Feedback Claim Review... SkS Week in Review... Poster of the Week... Story of the Week... ‘Misinformation kills’: The link between coronavirus conspiracies and climate denial   Grist / Rob Kim / Stringer / CSA Images  Scientific ...
    6 days ago
  • Rāhui day 4
    The kids did surprisingly well today – meltdown count was about 3, and mostly fairly short ones. (And a fourth while I was writing.) Game-wise I had a go at Fell Seal: Arbiter’s Mark. It’s a fairly standard RPG with turn-based combat and what they call a “mature storyline” (it ...
    The little pakehaBy chrismiller
    7 days ago
  • Letter to a friend
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    RedlineBy Daphna
    7 days ago
  • Life in Lock Down: Day 3
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    Frankly SpeakingBy Frank Macskasy
    1 week ago
  • 2020 SkS Weekly Climate Change & Global Warming News Roundup #13
    A chronological listing of news articles linked to on the Skeptical Science Facebook Page during the past week, i.e., Sun, Mar 22, 2020 through Sat, Mar 28, 2020 Articles Linked to on Facebook Sun, Mar 22, 2020 In Just 10 Years, Warming Has Increased the Odds of Disasters by Chelsea Harvey, ...
    1 week ago
  • Rāhui day 3
    I’m here in lockdown with my flatmate and her two girls (6 and 2) and it. is. a time. They’re usually really active so to start with the only boardgame in the house is the copy of Guess Who that the 6 year old got for her birthday. Flatmate commented ...
    The little pakehaBy chrismiller
    1 week ago
  • A test of civil society.
    The CV-19 (COVID) pandemic has seen the imposition of a government ordered national quarantine and the promulgation of a series of measures designed to spread the burden of pain and soften the economic blow on the most strategically important and most vulnerable sectors of society. The national narrative is framed ...
    KiwipoliticoBy Pablo
    1 week ago
  • Life in Lock Down: Day 2
    . . Lock Down: Day 2 – A photo essay with observations . March 27 – Day 2 of our Strange New World. The Park and Ride near my suburb, usually filled with hundreds of vehicles, had just… four; . . Another drive into Wellington City on a highway nearly ...
    Frankly SpeakingBy Frank Macskasy
    1 week ago
  • How Do You Feel? What Do You Think?
    Fortune's Children: Under extraordinary pressure, the leader of the Government and the leader of the Opposition will each show us what they are made of. Have they been blessed with intelligence, grace, wit, poise, toughness, empathy and humour – and in what measure? More importantly, to what extent have they ...
    1 week ago
  • Landlords are NOT an essential service
    If you’ve ever had the misfortune of having to rent a property on the open market in New Zealand, which is one of the most expensive in the entire world, you’ll likely be keenly aware of just how arrogant and entitled landlords and their real estate agents can be.Unfortunately for ...
    1 week ago
  • A “new Society” post-COVID19 will definitely emerge. The question is: on what path?
    Society-wise, aside from the specific morbidity shall we say of the medically-oriented aspects of this COVID-19 crisis, what is unfolding before the world is in more than one way an instructive study of humanity and reactions to a high intensity, high stress environment in real time. Friends, we are at ...
    exhALANtBy exhalantblog
    1 week ago
  • Raise the Bar: Everything you need to know about the wage subsidy
    Right now low waged and insecure workers are feeling the economic brunt of the looming #Covid19 Recession. In response legal advocate Toby Cooper* and hospitality and worker’s rights advocate Chloe Ann-King, are putting together a series of legal blogs about your employment rights: In this legal blog we outline some ...
    PosseBy chloeanneking
    1 week ago
  • The massacre of prisoners in Modelo jail, Bogota, March 21
    by Equipo Jurídico Pueblos and Gearóid Ó Loingsigh (25/03/2020) An escape plan in question On the night of March 21st and the early morning of the 22nd, the forces of the Colombian state stormed into the Modelo prison in Bogotá, murdering 23 prisoners and injuring 83, in response to the ...
    RedlineBy Admin
    1 week ago
  • We are not America
    When the government banned semi-automatic weapons in response to a terrorist atrocity, gun-nuts were outraged. Mired in toxic American gun culture, they thought owning weapons whose sole purpose was killing people was some sort of "constitutional right", a necessity for "defending themselves" against the government. Now, the Court of Appeal ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • When will we know the lockdown is working?
    Just before midnight on Wednesday March 25, Aotearoa New Zealand entered a countrywide alert level four lockdown. For at least the next four weeks, everyone who isn’t an essential worker is confined to their bubble. We are doing this to stop the explosive growth in people contracting and dying from ...
    SciBlogsBy Siouxsie Wiles
    1 week ago
  • Lock Down: Day 1
    . . Lock Down: Day 1 – A photo essay with observations . Day one of the Level 4 nationwide lock-down (or, DefCon 4 as I sometimes cheekily call it) started at 11.59PM on 25 March. For a moment, most of the nation held it’s collective breath. In that brief ...
    Frankly SpeakingBy Frank Macskasy
    1 week ago
  • A Compelling Recollection.
    Broad, Sunlit Uplands: How those words fired my young imagination! Or, perhaps, it is more accurate to say: how those words fused, in my young mind, with the image printed on every packet of Fielder’s Cornflour. Always fascinated by history, especially modern history, I cannot hear Churchill’s wonderfully evocative words, even ...
    1 week ago
  • The Warehouse – where everyone gets a virus
    . . 24 March 2020 9.46AM Number of covid19 cases in Aotearoa New Zealand: 102 . As of 11.59 on Thursday, most of New Zealand will go into “lock down”. People will be expected not to travel to work; not to socialise; and to stay home. I will not be ...
    Frankly SpeakingBy Frank Macskasy
    1 week ago
  • Aggressive action to address climate change could save the world $145 trillion
    This is a re-post from Yale Climate Connections A respected research group, Project Drawdown, finds that deploying solutions consistent with meeting the Paris climate targets would cost tens of trillions of dollars globally. But crucially, those outlays would also yield long-term savings many times larger than the up-front costs. The new 2020 Drawdown ...
    1 week ago
  • After the Pandemic
    It will pass. What happens next? Not immediately, but longer term. There are many opinions, fewer certainties. Will it “change everything!” as many confidently, and contradictorily predict? In this post I look at how foresight can help bound some of the uncertainties so you can more objectively consider the future. ...
    SciBlogsBy Robert Hickson
    1 week ago
  • Coronavirus – Cuba shows the way
    We’ve been meaning t write something on Cuba and the coronavirus but have just discovered a very good article on the subject in the US left publication Jacobin.  The article looks at how Cuba, a poor country but one where capitalism has been done away with, is leading the way ...
    RedlineBy Admin
    1 week ago
  • Using privacy law to prevent the death penalty
    In 2018, El Shafee Elsheikh and Alexanda Kotey - two British citizens who had purportedly been stripped of their citizenship by the British government - were captured while fighting for Isis in Syria. The British government then conspired to hand them over to the US, and agreed to provide evidence ...
    No Right TurnBy Idiot/Savant
    1 week ago

  • Further measures to support businesses
    The Government will be introducing legislation to make changes to the Companies Act to help companies facing insolvency due to COVID-19 to remain viable and keep New Zealanders in jobs. The temporary changes include: Giving directors of companies facing significant liquidity problems because of COVID-19 a ‘safe harbour’ from insolvency ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt’s COVID plan, economic strength recognised
    The Government’s plan to cushion the blow of COVID-19 by supporting incomes, jobs and businesses, and position the economy to recover has been backed by another international report. International credit rating agency Moody’s today reaffirmed its highest Aaa credit rating on New Zealand, saying the economy is expected to remain ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Funding certainty for sports through COVID-19
    National sports organisations have been given certainty of funding to ensure they can remain viable through the COVID-19 pandemic, Sport and Recreation Minister Grant Robertson announced today. “The global spread of COVID-19 has had a significant impact on sport and recreation in New Zealand, including the cancellation or postponement of ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Butchers now allowed to process pork
    Changes have been made to allow butchers to process pork, only for supply to supermarkets or other processors or retailers that are open, Agriculture Minister Damien O’Connor has announced. “We carefully weighed the risk of allowing butchers to open their shops for retail customers, but the risk of spreading COVID-19 ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Essential workers leave scheme established
    Essential workers who take leave from work to comply with public health guidance are being supported with a leave scheme to ensure they will continue to receive income, say the Minister of Workplace Relations and Safety Iain Lees-Galloway and Minister for Social Development, Carmel Sepuloni. A number of essential businesses ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Govt WhatsApp helps share COVID-19 information
    A Government WhatsApp channel has been launched to help make information more easily accessible and shareable in the fight against COVID-19. Govt.NZ, which is free to use on any mobile device, will carry information and news for the public, businesses, healthcare providers, not for profits and local government. It can ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Managed departure plan for stranded foreign nationals enables safe, orderly exit
    The Government has announced a plan to enable the safe, orderly exit of tens of thousands of stranded foreign nationals from New Zealand during the current COVID-19 Alert Level 4 restrictions, Deputy Prime Minister and Foreign Minister Winston Peters has said. “When we moved into lockdown a week ago, the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government delivers COVID-19 support to GPs and Pharmacies
    Health Minister Dr David Clark says the Government is delivering on its commitment to support general practice doctors and nurses, and pharmacies on the front-line of our fight against COVID-19. "For us to overcome COVID-19, we need community health services such as general practice and community pharmacy to step up ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Susan Thomas the new Chief High Court Judge
    Justice Susan Thomas has been appointed Chief High Court Judge, Attorney-General David Parker announced today.  She replaces Justice Geoffrey Venning who has resigned from the position.   David Parker paid tribute to Justice Venning, who he said had stewarded the High Court very capably over the last five years.   “On behalf ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Business Finance Guarantee – applications open
    Businesses can start applying to their banks for loans under the Business Finance Guarantee Scheme set up to support the New Zealand economy during the COVID-19 pandemic. “We’re moving quickly to protect New Zealand businesses, jobs and the economy during this unprecedented global economic shock,” Finance Minister Grant Robertson said. ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Work starts on ways to fast-track consents to boost recovery from Covid-19 downturn
    Work is underway looking at measures to speed up consents for development and infrastructure projects during the recovery from COVID 19, to provide jobs and stimulate our economy.  Environment Minister David Parker said the COVID-19 pandemic is a serious global crisis that will have a wide ranging and lasting impact ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Advance payments to support contractors
    Advance payments will be made to transport construction industry contractors to retain the workforce and ensure it is ready to quickly gear up to build projects which will be vital to New Zealand’s COVID-19 economic recovery, Transport Minister Phil Twyford announced today. He said keeping the workforce required to build ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government seeks infrastructure projects
    The Government has tasked a group of industry leaders to seek out infrastructure projects that are ready to start as soon as the construction industry returns to normal to reduce the economic impact of the COVID-19 pandemic, Economic Development Minister Phil Twyford and Infrastructure Minister Shane Jones say. The Infrastructure ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Health system scaled up to prepare for COVID-19
    Work to scale up the health system in preparation for COVID-19 was today outlined by Health Minister David Clark, as he reported back to the new Epidemic Response Committee. “We are well placed to contain the spread of COVID-19. We have taken early and decisive action at our borders, and ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Essential media COVID-19 guidelines refined
    The Government is refining its COVID-19 essential business guidance to include the distribution of news publications for communities which are hard to reach. The Minister of Broadcasting, Communications and Digital Media, Kris Faafoi, said the move was in recognition of the importance for New Zealanders who might be harder to ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Supermarkets able to open on Easter Sunday
    The Government is ensuring supermarkets can open on Easter Sunday so we can buy groceries, but stay closed on Good Friday allowing workers to take a break. This provides a balanced approach and ensures we avoid large queues that two days closure may cause. “Supermarkets will be able to open ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New Zealand defence personnel conclude mission at Taji
    Following the successful conclusion of the Building Partner Capacity (BPC) mission at Taji, New Zealand defence personnel are returning to New Zealand from Iraq, in accordance with the Cabinet decision made in June 2019, Foreign Affairs Minister Winston Peters and Defence Minister Ron Mark announced today. “New Zealand is very ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • State of National Emergency extended
    The State of National Emergency to help stop the spread of COVID-19 has been extended for a further seven days, Minister of Civil Defence Peeni Henare said. The initial declaration on March 25 lasted seven days and can be extended as many times as necessary. “Since we went into isolation ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Strong Govt books support ‘go hard, go early’ response
    New Zealand’s ability to go hard and go early in the fight against COVID-19 has been underpinned by strong Government finances and the growing economy heading into this global pandemic, Finance Minister Grant Robertson says. The Treasury today released the Crown financial statements for the eight months to the end ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Christchurch Hospital Hagley ICU to open to support COVID-19 response
    Health Minister Dr David Clark says 36 new intensive care beds at Christchurch Hospital’s new Hagley building are being fast tracked so they are available for treatment of COVID-19 patients.   The Ministry of Health is working with contractor CPB and Canterbury DHB to enable access to the hospital’s ICU, ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government supports Air NZ freight flights
    The Government has fast-tracked up to $1 million to help Air New Zealand move urgent freight to and from New Zealand, with the first flight to Shanghai leaving tonight, Transport Minister Phil Twyford announced today. Phil Twyford says it’s crucial that trade in vital goods such as medical supplies and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Tariff concessions on COVID-19 related products
    New Zealand will temporarily remove tariffs on all medical and hygiene imports needed for the COVID-19 response. Trade and Export Growth Minister David Parker and Commerce and Consumer Affairs Minister Kris Faafoi said today that the New Zealand Customs Service will apply tariff concessions to all diagnostic reagents and testing ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Clarification of modification to wage subsidy scheme
    Minister of Finance Grant Robertson has clarified that the changes to the wage subsidy scheme announced yesterday mean that employers should be passing on the full subsidy to workers, except in the case where the person’s normal income is less than the level of the subsidy. “We still want employers ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Face masks flowing to DHBs
    Medical face masks from the national reserve supply are now being distributed to District Health Boards, while at the same time local production is being ramped up. Yesterday more than 640,000 masks were sent to DHBS – that is an immediate two week supply, with more to follow in coming ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19: Further steps to protect New Zealanders’ jobs
    The Government has made modifications to the wage subsidy scheme to ensure people don’t lose their jobs during the national lockdown. These changes will soften the impact of COVID-19 on workers, families and businesses, and position them to exit the lockdown and look to recovery, Finance Minister Grant Robertson says. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tax relief for Mycoplasma Bovis farmers
    Farmers whose herds were culled in response to the outbreak of Mycoplasma bovis will be able to minimise the tax treatment of their income in some circumstances. Revenue Minister Stuart Nash says Cabinet has agreed to change the law. It means farmers may be eligible to spread their income over ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • $27 million for NGOs and community groups to continue providing essential services
    A $27 million dollar package, effective immediately, is being provided to social sector services and community groups to ensure they can continue to provide essential support to communities as we stay at home as a nation to stop the spread of COVID-19, Minister for Social Development Carmel Sepuloni announced. “At ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Statement on guilty plea of March 15 terrorist
    “The guilty plea today will provide some relief to the many people whose lives were shattered by what happened on March 15,” Prime Minister Jacinda Ardern said. “These guilty pleas and conviction bring accountability for what happened and also save the families who lost loved ones, those who were injured, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19 updates
    The Prime Minister is holding daily press conferences to update New Zealanders on the Government's response to COVID-19. Links to videos and transcripts of these updates below. These transcripts also include All of Government press conferences led by Director Ministry of Health's Director-General of Health Dr Ashley Bloomfield. 25 March: Live update from the Prime ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Police numbers break through 10,000 mark
    Frontline Police numbers have broken through the 10,000 mark for the first time in history as officers step forward to keep the community safe during the COVID19 lockdown. “Two Police graduations in Auckland and Wellington in the past week have been conducted in unprecedented circumstances,” Police Minister Stuart Nash said. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Urgent tax measures for economic recovery
    Urgent legislation has been passed to support the package of economic and social measures needed to recover from the impact of the coronavirus outbreak. “The COVID-19 Response (Taxation and Social Assistance Urgent Measures) Bill will cushion New Zealanders from the worst economic impacts of the COVID-19 outbreak,” said Revenue Minister ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Further support for farmers and growers as drought persists
    From tomorrow, Government support for farmers and growers affected by drought will be expanded and extended across the country, with access to Rural Assistance Payments (RAPS) available throughout the North Island, parts of the South Island and the Chatham Islands, Social Development Minister Carmel Sepuloni announced. “These challenging conditions have ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • COVID-19: Temporary changes to Education Act
    Parliament has passed amendments to legislation that give the Secretary of Education stronger powers to act in the fight to limit the spread of COVID-19, Education Minister Chris Hipkins said today. “They are part of a suite of changes passed under the COVID-19 Response (Urgent Management Measures) Legislation Bill,” Chris ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Canada, Australia, Chile, Brunei and Myanmar join NZ and Singapore in committing to keeping supply a...
    Canada, Australia, Chile, Brunei and Myanmar have joined forces with New Zealand and Singapore by committing to keep supply chains open and remove any existing trade restrictive measures on essential goods, especially medical supplies, in the face of the Covid-19 crisis.  Trade and Export Growth Minister David Parker today welcomed ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • COVID-19: Rent increase freeze and more protection for tenants
    Immediate freeze on rent increases Tenancies will not be terminated during the lock-down period, unless the parties agree, or in limited circumstances Tenants who had previously given notice can stay in their if they need to stay in the tenancy during the lock-down period Tenants will still be able to ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Working together to protect businesses and workers
    As New Zealand unites to lock-down in the fight against COVID-19, the Finance Minister is urging all businesses and workers to stay connected over the next four weeks. “We understand the extreme pressure many businesses are under right now. I know most business owners think of their workers as family ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • State of National Emergency declared to fight COVID-19
    A State of National Emergency has been declared across the country as the Government pulls out all the stops to curtail the spread of COVID-19. “Today we put in place our country’s second ever State of National Emergency as we fight a global pandemic, save New Zealanders’ lives and prevent ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Prime Minister’s statement on State of National Emergency and Epidemic Notice
    Mr Speaker I wish to make a Ministerial Statement under Standing Order 347 in relation to the recent declaration of a State of National Emergency. Having considered the advice of the Director Civil Defence Emergency Management, the Minister of Civil Defence declared a State of National Emergency for the whole of ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Deadline for domestic travel extended
    People needing to travel on domestic flights, trains and Cook Strait ferries to get home before the country moves into level 4 lock-down tomorrow night will be able to continue using the passenger services until midnight on Friday, Transport Minister Phil Twyford said today. Domestic passenger services, particularly ferries, have ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Mortgage holiday and business finance support schemes to cushion COVID impacts
    The Government, retail banks and the Reserve Bank are today announcing a major financial support package for home owners and businesses affected by the economic impacts of COVID-19. The package will include a six month principal and interest payment holiday for mortgage holders and SME customers whose incomes have been ...
    BeehiveBy beehive.govt.nz
    2 weeks ago