web analytics


Written By: - Date published: 11:30 am, June 16th, 2009 - 71 comments
Categories: employment, national/act government - Tags:

National’s line is that they are doing ‘everything possible save jobs and keep people in employment’. Are they living up to the promise?

Not even close.

The other week Paula Bennett was asked in the House how many jobs had been saved by initatives from John Key’s ‘Jobs Summit’. She proudly replied ‘223’, then corrected herself ‘303!’.  303 in three months. Meanwhile, at least 1000 extra people a week are joining the dole queue. In fact, the government has fired at least five times as many people as the number of jobs as it claims to have saved. The economy lost 26,000 jobs in the March quarter and probably lost at least that many in the last quarter.

Let’s put those numbers in perspective.

Over-promise and under-deliver, that seems to be this government’s motto.
-Marty G

71 comments on “Perspective ”

  1. Redbaiter 1

    Well, the whole point of course that the government can only ever generate real jobs by reducing the number of pretend jobs.

    In other words, making itself smaller. I guess in that case you could say the Nats are on the right track. Eventually, the jobs will come.

    Maybe what Marty is really pissed off about is that he wants everyone to work for the gummint.

    That’s right isn’t it Marty?

    BTW, what’s that called again, and can you tell me where that has ever led to prosperity??

  2. Redbaiter 2

    Comment deleted by Redbaiter.

    ( I promise I won’t use gum*int any more)

    But why why why “gum*int”???

    What’s wrong with that????

    [lprent: nothing in itself, except it got over-used by trolls and therefore became a signature of trolls.
    Once something becomes a spam signature then it is there forever protecting you against the old spam engines.]

  3. What’s interesting is that many overseas countries are starting to see signs of “green shoots”, with government stimulus packages kick-starting manufacturing and creating a bit of demand.

    Meanwhile, our gently gently policies are leading to no signs of recovery and things looking like they’re getting worse and worse.

  4. Zaphod Beeblebrox 4

    Now that interest rates have shown that they can’t go any lower, stimulus packages are the only means of countering the money that was sucked away by the GFC.

    Cutting government spending is the last thing we should be doing.

  5. Liam 5

    If the national government werent cutting jobs and increasing poverty in new zealand they wouldnt be much of a national government would they

  6. It must be recognised that New Zealand has taken a very different approach to combating this recession than most other developed world economies around the world. Australia, the USA and the UK (to a lesser extent) have all embarked heavily on a borrow and spend economic stimulus approach to getting demand going again. New Zealand has approached things quite differently, with the budget doing everything it can to minimise increasing debt.

    Now we can argue the pros and cons of the different approaches from an ideological point of view until we’re all blue in the face, but the reality is that we don’t yet know which approach is going to be more successful. However, TIME WILL TELL.

    I just wonder whether the fact that other economies do seem to have having “green shoots” whereas things are still looking pretty shit for NZ is the first sign that perhaps we were wrong and the rest of the world was right.

    In my opinion this will be the key political issue for the next couple of years: National deciding to take quite a different approach to getting us out of the recession to the approach of overseas countries, and whether that has worked or not. Personally, I’m not confident that it will work.

    • Walt 6.1

      Recent figures from Australia show that their unemployment fell and their economy grew.

      • jarbury 6.1.1

        I think the Australian unemployment figures were seen as a bit of a blip, or perhaps they are a sign that Aussie’s stimulus is working.

      • Merlin 6.1.2

        Actually, Aussie unemployment fell from in March 5.7% to April 5.3% then went up to 5.7% again in May

      • GC Martin 6.1.3

        no surprises whatsoever in the services-egocentric swap economies… wot a jolly chap you are..

  7. Pat 7

    The question of what the Govt has done to create jobs – off the top of my head:

    – Roading projects including Waterview
    – Home insulation.
    – Cycleway.
    – Waterfront redevelopment.
    – Increased police numbers.

    Even small projects like juvenile military style programs create jobs for someone.

    It will be hard to measure the precise numbers of “jobs saved” but if unemployment rate stays significantly under Treasury forecasts, then you can credit the government with doing well.

    • Merlin 7.1

      cycleway – lol.

      In case you missed it Pat, not one of those programmes you mention have started yet (even the additional police currently being recruited are funded out of the 2008 Budget). Meanwhile, the jobs keep on being lost.

    • Maynard J 7.2

      Home insulation production and installation is going full-tilt at the moment, you are right there. In fact, you could say you are onto something.

      For a relatively small investment, the government has stumulated demand in an area that provides social, economic and environmental benefits worth many times the initial input.

      Why would the government do more like this? New Zealand chose a brighter future, but failing to pick up on opportunities like this looks positively…dim.

  8. – Roading projects including Waterview

    Spending on roads is one of the lowest “jobs-per dollar” returns you can get for economic stimulus.

    – Home insulation.

    The government wanted to cancel this. Basically a Green Party initiative

    – Cycleway.

    LOL. How many jobs has this saved?

    – Waterfront redevelopment.

    The government spent $20m on buying a half-share of the Queens Wharf. I dont’ see how that has generated any jobs. If any jobs will be generated it will be through council spending on actually doing something with the wharf.

    – Increased police numbers

    Surely off-set by huge cuts in other public sector employment.

    Compare this to the Greens New Deal, which calculated that the policies in that document (in particular the housing policies) would save around 40,000 or so jobs. 28,000 jobs saved in the construction of a few thousand state houses ALONE.

  9. Pat 9

    Jarbury – the point is, all those projects will create jobs. Unless you can somehow explain to me that they won’t.

    The offsets will come from job losses in the public sector and the Auckland council amalgations etc.

    In the wash-up, the measurement will be unemployment actuals vs treasury forecasts.

    • jarbury 9.1

      I’m a big fan of the Cycleway, a big fan of the Insulation package, a big fan of the government buying half of Queens Wharf and so forth.

      However, it seems like a bit of a drop in the bucket. One has to ask “are we really doing all we can?” and “what more could we do?”

      I think there is more the government could be doing to protect jobs, and the Greens New Deal pretty much nails it (I wish Labour would come up with some sort of equivalent).

      Our conservative calculations are that this package would save or create almost 18,000 jobs (FTE for 1 year) directly and almost 43,000 in all. These calculations exclude the 40% extra jobs from investing in transport efficiency instead of motorways. Other benefits are indicated here, but we have not included the very substantial saving on unemployment benefit almost half a billion dollars in relation to 42,602 jobs.

      Yes there’s a cost, but it seems relatively small:

      The measures suggested in this stimulus package are a first bite at the Green New Deal apple. They represent a range of measures totalling $3.3 billion over 3 years, along with a shift in the direction of committed transport funding. This is about 0.5% of GDP and small compared with the stimulus packages of other countries.

    • Zaphod Beeblebrox 9.2

      These jobs are off in the never never. The cycleway funds won’t be committed until later in the year, the home insulation funds are still two months away and who knows when Waterview will get going.
      Whilst I applaud all these initiatives and lets see more (all of them have some merit), the time for action is now, not next year.
      By then 1/2 our skilled workforce will be over the ditch where they have come up with ideas to try and do something about the money that was sucked up by Citigroup, AIG, BoA and the rest.

  10. Pat 10

    With respect “the time for action is now” is just a slogan. Any initiative to create jobs requires some degree of planning etc before they can start. Otherwise you are suggesting that there is a whole lot of things the government can do today (Tuesday) that will create jobs tomorrow (Wednesday).

    Heck, even the “planning” stage creates or maintains jobs (even public sector jobs) surely!

    • Merlin 10.1

      They’ve had six months Pat and there’s only one signficant job creating programme even in the pipeline, the housing insulation package which might create a couple of thousand jobs (better than nothing) and is good sense, and they had to get the Greens to come up with that.

  11. jarbury 11

    Pat, as a planning consultant worried about my future employment, I can assure you there are plenty of jobs in the planning of projects too!

    Edit: Just to elaborate, it seems like I’m agreeing with you on this rather than disagreeing.

  12. Pat 12

    Surely what happens in a global recession like this one, is that it causes sea-change shifts in employment. Jobs in some areas become obsolete e.g. manufacturing of large cars, and new jobs open up in other areas.

    In my background of banking/finance (once one of the safest jobs of all) staff numbers are reduced/capped and few new jobs are available.

    The reality is that in the current climate having a job is better that waiting for the dream job. Our grand-parents survived the depression by doing whatever it takes to get their family through. That is the lesson for our generation right now, although we can be thankful that we won’t even get close to their levels of hardship.

    • jarbury 12.1

      Yes, and that’s what the Greens New Deal is all about. Investing, and creating jobs, in green parts of the economy that will come into their own in the next few decades, that can respond to peak oil and climate change and so forth. In some cases it’s not even about spending more money, but rather shifting money from investing in outdated areas (motorway building) to areas that have a mind to the future (public transport investment).

  13. Pat 13

    “…outdated areas (motorway building)…”

    We have talked about this before, but this is where I think the Greens create a disconnect. I fully expect to be driving a car for the rest of my life. I don’t expect that it will always run on petrol.

    The Greens (seem to) create a vision of us all living in a modern day Middle Ages village. The true message might be good, but it gets lost somewhere on the way to the masses.

    • jarbury 13.1

      I agree Pat. Often I hear Russel Norman simply saying “we should spend more on public transport” and I cringe a bit. Not because what he’s saying doesn’t make sense, but he should be suggesting actual alternatives.

      If he says the $1.4 billion that will be spent on the Waterview Connection should instead be spent on “public transport” people just think of a few more buses and some new bus stops, and really nothing much at all. If he says “for that same price you could get a CBD rail loop!” then the message is better.

      A choice between a road tunnel and rail tunnel. I’m sure there are costs and benefits each way for both options, but in my opinion it’s a no brainer the CBD rail loop would be a better option.

      I am trying my hardest to improve “the message” with regards to transportation through my blog: http://www.transportblog.co.nz

  14. Ianmac 14

    National have apparently created few jobs and yet we are surviving (deeply concerned for those who have lost their jobs though) Is there any evidence that the Nats could get away with this BECAUSE the Labour Govt left us in a very strong position?

  15. Zaphod Beeblebrox 15

    Remember the first thing Nats did once elected was to legislate tax cuts. If they had sunk that money into more of the projects such as those listed maybe we wouldn’t be having this discussion.

    I know conservatives argue about how good tax cuts are to the economy. If properly thought through, I would argue that this money ends up in the economy anyway after being directed to much more socially and economically beneficial purposes.

    • cocamc 15.1

      but didn’t the National tax cuts get fully funded from changes to Kiwisaver. so that money would not be available unless the same Kiwisaver changes were made

      • Zaphod Beeblebrox 15.1.1

        Good point. It shows that there are lots of ways of funding projects, reductions in super benefits, taxation or cutting other areas. In the current climate, there are good arguments for spending on projects like home insulation where the benfits outweigh the costs.

        • jarbury

          In the same way that the money went from KiwiSaver to tax cuts, it could have also gone from Kiwisaver to Economic Stimulus package.

          Which one would have been more effective in combating the recession?

          Was that question even asked, or are tax cuts more ideological than practical?

  16. Shona 16

    Would please explain why you fully expect to be driving a car for the rest of your life? And give us your approximate age group ?Why you think the average NZ wage earner will be able to afford and maintain technology not created in NZ?And what mode of transport you expect your offspring or future generations will use?
    The only disconnect in regards to the Greens message is the failure of the seriously uninformed NZ masses to grasp the reality of the enormity of change we are experiencing.
    Believe me it will still be happening when you turn up ya toes.

    • Galeandra 16.1

      ‘The only disconnect in regards to the Greens message is the failure of the seriously uninformed NZ masses to grasp the reality of the enormity of change we are experiencing.
      Believe me it will still be happening when you turn up ya toes.’
      Hooray and atta girl.
      The paradigm has shifted. There’s a lot more to be done about this so- called ‘recession’ than to think we can spend aka consume our way out of it. (Of course, Labour might like this recession- it’s been referred to as an L shaped one)
      Remember the zero-growth ideal of the old Values Party days?
      The same discourse is now current in a lot of mainstream blogs and is well embedded in academia also. Have a look at Oil Drum for example. Why oh why did Labour buckle so easily? Nine wasted years.

  17. Pat 17

    Shona I am 42. I expect to be still driving at 85.

    One of the benefits of globalisation is that when the collective focus goes on addressing certain issues, technological changes can happen very fast. The chinese have developed a low cost electric car with can run 100km on the battery. GM have developed a hydrogen car. I’m not sure why people think old inventions like trains and bicycles will be the future of transport.

    I don’t know what sort of car I will be driving at 85. But when I was born there wasn’t a mobile phone, the internet, a home PC, a CD or even a microwave oven. If I could have predicted what technological changes were going to happen, I would be a very rich man.

    • jarbury 17.1

      Pat, just because we will still be driving in 40 years time doesn’t necessarily mean we will need MORE roads. It does mean we will need to keep our roads, but surely we will only need MORE roads if we have more cars on them.

      Traffic levels on state highways around NZ fell last year by around 5%, largely due to rising oil prices (most of the decline was in June-September when the prices were really really high). The government is planning to spend $10.7 BILLION on building more state highways in he next decade, even though use of them is declining (and looks like it will decline further).

      How sensible is that? Surely that $10.7 billion could be spent in a more “forwards looking” manner?

    • Zaphod Beeblebrox 17.2

      No matter what technology you choose in the foreseebale future. it will still be a lot more expensive than $1.75/litre oil.
      New technology is still at least 15 years away.
      You may be right though by the time you are 85 if may well be cheap to drive.

      • jarbury 17.2.1

        That’s an excellent point. There is simply no replacement for oil in terms of “bang for your buck”. Electric cars are one option, but there are issues relating to the scarcity of some of the metals that go into the batteries, and also that you need to generate a lot of additional electricity to fuel the car fleet.

        In any case, fully electric cars are unlikely to become particularly affordable to your average person for another 10-20 years. What do we do in the meanwhile?

        • Pat

          “New technology is still at least 15 years away.”

          I disagree, but we will have to wait and see. With the pace of technological change, 5 years is a long time. Compare your mobile phone to the one you had 3 years ago and the one you had 3 years before that.

    • Shona 17.3

      How many 85 year olds do you know who drive?
      The techno fix fairy is not going to sprinkle her fairy dust in NZ. The Chinese electric car is not suitable for the NZ environment. We do not have any policies or planning or infrastructure to support the techno fix fantasy. Chinese engineering is not that great. They have alot of catching up to do and are not noted for their competence or honesty. Better to look to India and the compressed air vehicle. We have no policies for hydrogen development, biofuel or the infrastructure to support the electric car. The car and battery the Chinese have they bought from California when it was destroyed there. We are in a state of chaos the economic system is in tatters and we have visionless incompetent leadership in this country. How many semi-trailers run on hybrid engines in NZ ?and this is all going to happen in 15 years. Get a grip.! You didn’t answer my question . How is the average NZ wage earner going to pay for this imported technology.?
      None of the supposed technological marvels you have listed have ever seemed remarkable to me and I am a lot older than you. I have always read science fiction tho’. CD players were first marketed in Aussie in 1977.That’s 30 years ago.By way of comparison and are fast becoming obsolete.We do no research into new technology in NZ that benefits the public at large and have not done so for nearly 30 years. Our best and brightest leave the country. There is no government investment in Rand D large enough to help us catch up. You are pissing in the wind.!

      • Pat 17.3.1

        You asked a lot of questions. I answered many of them, and honestly. May I suggest that if you want someone to answer your questions or generally converse on the blogosphere, you should refrain from using remarks like

        “Get a grip!”
        “You are pissing in the wind!”

        • Pat

          Bugger it, I’m gonna answer your questions:

          “How many 85 year olds do you know who drive?”

          3 (of my direct relatives). When I’m 85 I expect there will be a lot more, since we will be generally fitter and healthier and working longer.

          “How is the average NZ wage earner going to pay for this imported technology.?”

          I suspect this question leads onto some sort of doomsday scenario I’m not aware of. But like all technology, once it is massed produced economies of scale kick in, and the price will be set relative for its biggest target market i.e. middle class income earners around the world.

      • Zaphod Beeblebrox 17.3.2

        We did make some steps toward biofuels but they seemed to disappear for some reason at the end of last year. Thats right, it was about the same time we decided we needed an inquiry into whether global warming is man made.

      • GC Martin 17.3.3


        not that I would disagree with much of the tenor and tone of what you are saying, it is worth pointing out how sustainable 8-gauge and DIY mentality is.

        on a future front I know for certain of the solar-powered airplane.. a present flyer has 200’+ wingspan to accomodate 11,000+ PV cells.. it goes.. and well from all the latest accounts, albeit requiring wide runways..

        a large R&D expenditure – government or private, or both – will achieve little without the necessary will to succeed.. and in my own experience recognition of one’s poverty, as opposed to wealth, is the greatest promoter of better. Of all, by all and for all.

        keep up the good work..

  18. Pat 18

    “MORE roads” – I think you could more accurately define the major projects as making existing roading networks more efficient, such as Waterview to complete the Western Ring Route. The spin-off is that they also improves public transport systems such as bus lanes, bicycle routes, rail park’n’rides etc. .

    • jarbury 18.1

      The Waterview Connection is “another road”. It doesn’t simply make an existing network more efficient. It’s not even the widening of an existing road – it is the building of a new road. So therefore it most definitely would be classified as “more roads”.

      And from what I’ve read, there won’t be any public transport improvements from the Waterview Connection. There may be a slight improvement to cycle-lanes, but that work could be done anyway without having to spend $1.4 billion.

      • Pat 18.1.1

        “It doesn’t simply make an existing network more efficient”.

        Except the obvious one – the Western Ring Route.

        • jarbury

          Pat, I do see your point to some extent here – that the full benefits of the Western Ring Route aren’t properly realised until the whole thing is built. But the same could be said for Auckland’s rail system – the full potential of the system, most particularly the higher frequencies that spending $1b on electrification will allow, cannot be realised until the CBD rail loop is built. This is because the huge choke-point that is Britomart.

          So it’s the same argument really, that both projects are needed to fully realise the efficiency of the network. That still brings us back to comparing which one might be a smart use of $1.4 billion, with oil prices rising, traffic volumes falling and rail ridership booming.

      • felix 18.1.2

        “There may be a slight improvement to cycle-lanes…”

        Yay, that should pull us out of recession fairly aggressively.

  19. Jenny 19

    The left too, has a role to play. The unions in particular should be forcing employers to consider their workers interests over their shareholders interests. Unions should be demanding that empployers take up the nine day fortnight option, before allowing lay offs, and back this demand up with industrial action if need be.

    Union inaction in the face of this crisis could lead to their irrelevance.

  20. Ianmac 20

    It is easy to see why some of us in the South Island perceive Aucklanders as those folk who only see things only from their point of view. The rest of us have big problems too ya know. (We have no traffic lights in our town. Should we get some? HaHa.)
    And Pat remember that National had some years to plan let alone the warnings from a Recession noted from March 2008. I was hoping that they were poised with the answers rather than just wondering what to do next.

    • Pat 20.1

      Ianmac – it’s time we let you know that we have cast your island adrift into the Southern ocean. Let us know when you bump into Chile.

    • jarbury 20.2

      Good points Ian. Generally I do not oppose the spending of transport money on roads in small towns and rural areas – because there is no alternative. However, in Auckland there are alternatives.

  21. Zaphod Beeblebrox 21

    You have a lot of faith in technology. If you know of a cheap new alternative to oil tell me so I can invest my money.

  22. Pat 22

    Zaphod. Just give me your money and I’ll invest it for you.

  23. Anita 23

    Marty G,

    I know it pisses you off when I pull you up on accuracy, but I think your numbers are bogus again.

    26,000 jobs lost in March quarter. Nope, the stats you link to don’t say that. The only sensible way to use the Household Labour Force Survey is seasonally adjusted – otherwise Dec->Mar always shows a huge drop which isn’t actually a loss of jobs, it’s a seasonal peak of student returning to study and seasonal demand decreases in horticulture and agriculture (and possibly tourism?).

    March 09 shows 26k fewer employed people than Dec 08, but that is 17k more than Mar 08. Mar 08 shows 22k fewer jobs than Dec 07. So the strongest thing you could possibly say is that the loss is 4,000 higher than last year. That is, you seem to be able to justify 4,000 not 26,000.

    Well of course you could misuse the stats and claim 26,000, but then you’d be behaving just like an untrustworthy political spinmeister.

    1,000+ increase in the dole every week. All I can see in the link you gave was that there was a single week of a 1,250 increase which, even Goff says, was “the biggest increase in the number of people going on to the dole in any week since the 1990s”. So you seem to have generalised from one atypical week of 1,250 a week to 1,000+ every week, without any evidence that I can see.

    In fact, if you use the HLFS figures that you linked to there was a 6,000 absolute increase in “unemployed” in the Mar 09 quarter, which looks like 462 per week. BTW that number is not seasonally adjusted, the loss was 6,000 the previous year – so no higher increase in people listing as unemployed in 2009.

    (Of course HLFS doesn’t give the number “on the dole”, but in the absence of any better stats from you it’s a decent sanity check.

    Finally, the graph: even if your numbers weren’t bogus, plotting a weekly rate, an absolute number and a quarterly number on the same graph is somewhat problematic.

    Look, I’m not saying that the recession isn’t happening, or that people aren’t losing their jobs, or that National is doing enough. But bogus stats are just bogus stats, and they don’t help.

  24. Shona 24

    Pat, becoming irritated at my perfectly valid questioning of your rosy coloured scenario is no way to communicate on the blogospere either.
    My points could be better made for sure but I loathe uninformed Pollyanna’s.
    I have had it with constant put downs of the Greens by the uninformed. NZ is totally unprepared for the change to a sustainable economy. we are a backward overpriced little country at the edge of the world and have our collective face firmly planted between our buttocks and have been in that position for a long time. i would happily give you a list of reading material to back up this view but I am beyond caring about the education of environmentally ignorant. I do not hold expressly doomsday views but global warming and peak oil are not eco nazi wet dreams they are are happening now.

    • GC Martin 24.1

      hi again shona..

      a small point to aid clarify the use of ‘peak oil’. If by its use you mean an actual or coming soon shortage of so-called sweet light crude oil then fine, I have no problems with this belief.

      If, however, the term is used to suggest a shortage of oil pers̩ then I point out that this is definitely not the case. There is much Рhugely Рoil in the earth. It is mainly heavy oil Р>API 23 for example Рand this is the stuff fossil fuel industries shall be reliant upon in the future. Yes, heavier means dirtier combustion products unless refiners undertake less profitability from greater clean-up processing and expenditures.

      For your information the Canadian tar sands extractions are even dirtier than heavy oils. Yet exceedingly profitable. which, of course, is exactly why they are being developed prior to heavy stuff.

      Time may yet come to pass when planetary concerns have gotten to folks even so much as those who profit from the works. Though not, I daresay, without knowing their minds as well as they claim to do…

  25. mike 25

    Bring back Clinton Smith at least his totally skewed, partisan and out of date numbers where semi-believable

  26. Shona 26

    GC according to Jeremy Leggat in Half Gone the Canadian tar sands are not all that profitable because of the vast amounts of fresh water required to process them. There isn’t enough water according to him to process the majority of the tar sands. And yes it’s filthy. Peak oil is primarily a reality because of the cost of production not the amount of fossil fuel left in the globe.And also because of our profligate use of existing easily accessible supplies.
    Anyway it wasn’t my intention to hijack a thread with one of my hobby horses.
    I reiterate the environmentally ignorant are a wind up for me. Must learn not to bite so readily.

    • GC Martin 26.1

      let’s say I’m curious at Leggat’s costings — are these actual or treated as commercially unaccountable ‘externalities’..?

  27. daredtodream 27

    There’s one BIG assumption underpinning arguments of “job protection”: people are employed in the most allocatively efficient occupations for the economy as a whole now and into the future.

    I would rather Government helped enable the market/economy and, where appropriate, directly intervened or supplied goods/services to help the market/economy reach allocative efficiency (bearing in mind we’ll never reach full allocative efficiency).

    Cutting certain public sector jobs is necessary but where appropriate Government should aid and assist affected workers move into more productive roles. That from a public servant – not some commentator with no public sector experience.

  28. jarbury 28

    Indeed Shona. The issue with the tar sands is partially environmental – that they create a heck of a lot of CO2 emissions through their extraction and refinement. But, as you say, probably a bigger issue is simply that they’re not scaleable due to the water required. By that I mean there may be billions and billions of barrels of oil locked up in the tar sands, but there is a fairly low maximum extraction rate for the area.

    So it’ll give us oil for a long time, it just won’t give us much oil at any one time. That’s the main issue with peak oil – there comes a point where you just can’t increase your production levels any more. Arguably, this was reached in 2005 (as I’m pretty sure oil production hasn’t increased beyond 2005 levels).

    • GC Martin 28.1

      hi there..

      your first para has me think be that as it may re scaleleability etc, but I would point out how Canadian tarsand oil producers are planning a two-to-three-fold production increase over the next year or so..

      the drive for this appears factored by:

      1. can’t drill offshore US (to any needed extent anyway);
      2. prices to sustain high cashflows

      this latter point requires acceptance by consumers/markets that baseline economics shall reward ‘scarcity’. Certain hedgefunds are working this.. which likely explains individual exponents’ donation capacity to earn community brownie points by which the so-influenced become fodder to their fees pool.

      Which you’ll recognise has bugger all to do with production, field jobs et cetera. And yet a great deal to do with hijacking economics in lieu of monetized manipulation/ whose era just fell over.

Links to post

Recent Comments

Recent Posts

  • Keynote address to Chartered Accountants Australia and New Zealand conference
    Speech to the CAANZ conference - November 19, 2020 Thank you, Greg, (Greg Haddon, MC) for the welcome. I’d like to acknowledge John Cuthbertson from CAANZ, the Commissioner of Inland Revenue Naomi Ferguson, former fellow MP and former Minister of Revenue, Peter Dunne, other guest speakers and CAANZ members. I ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Expert independent advisory group appointed to strengthen the future of Māori broadcasting
    A panel of seven experts are adding their support to help shape the future of Māori broadcasting, Minister for Māori Development Willie Jackson has announced today. “Today I will meet with some of the most experienced Māori broadcasters, commentators and practitioners in the field. They have practical insights on the ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Government to review housing settings
    New Zealand’s stronger-than-expected economic performance has flowed through to housing demand, so the Government will review housing settings to improve access to the market, the Finance Minister Grant Robertson announced today. “Our focus is on improving access to the housing market for first home buyers and ensuring house price growth ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Crown accounts reflect Govt’s careful economic management
    The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy. As expected, the Crown accounts for the year to June 2020 show the operating balance before gains and losses, or OBEGAL, was in deficit. However that ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Community launch marks next step in addressing racism in education
    The launch of Te Hurihanganui in Porirua today is another important milestone in the work needed to address racism in the education system and improve outcomes for Māori learners and their whānau, Associate Education Minister Kelvin Davis says. Budget 2019 included $42 million over three years to put Te Hurihanganui ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government to consider recommendations on DNA use in criminal investigations
    The Minister of Justice has received the Law Commission’s recommending changes to the law governing the way DNA is used in criminal investigations. The report, called The Use of DNA in Criminal Investigations – Te Whahamahi I te Ira Tangata I ngā Mātai Taihara, recommends new legislation to address how ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech to Wakatū Nelson regional hui on trade
    First, I want to express my thanks to Te Taumata for this hui and for all the fantastic work you are doing for Māori in the trade space. In the short time that you’ve been operating you’ve already contributed an enormous amount to the conversation, and developed impressive networks.  I ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech to Primary Industries Summit
    Thank you for the opportunity to speak to you today about the significant contribution the food and fibres sector makes to New Zealand and how this Government is supporting that effort. I’d like to start by acknowledging our co-Chairs, Terry Copeland and Mavis Mullins, my colleague, Agriculture Minister Damien O’Connor, ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Fast track referrals will speed up recovery and boost jobs and home building
    The Government is taking action to increase jobs, speed up the economic recovery and build houses by putting three more projects through its fast track approval process. “It’s great to see that the fast-track consenting process is working. Today we have referred a mix of potential projects that, if approved, ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Papakāinga provides critically needed homes in Hastings
    A papakāinga opened today by the Minister for Māori Development the Hon Willie Jackson will provide whānau with much needed affordable rental homes in Hastings. The four home papakāinga in Waiōhiki is the first project to be completed under the ‘Hastings Place Based’ initiative. This initiative is a Government, Hastings ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New Zealand ready to host APEC virtually
    Prime Minister Jacinda Ardern took over the leadership of APEC earlier today, when she joined leaders from the 21 APEC economies virtually for the forum’s final 2020 meeting. “We look forward to hosting a fully virtual APEC 2021 next year. While this isn’t an in-person meeting, it will be one ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Revival of Māori Horticulturists
    The rapid revival of Māori horticulture was unmistakeable at this year’s Ahuwhenua Trophy Awards, with 2020 marking the first time this iconic Māori farming event was dedicated to horticulture enterprises. Congratulating finalists at the Awards, Māori Development Minister Willie Jackson said growing large-scale māra kai is part of Māori DNA. ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Emergency benefit to help temporary visa holders
    From 1 December, people on temporary work, student or visitor visas who can’t return home and or support themselves may get an Emergency Benefit from the Ministry of Social Development, Social Development and Employment Minister Carmel Sepuloni announced today. Previously, temporary visa holders in hardship because of COVID-19 have had ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • School sustainability projects to help boost regional economies
    Forty one schools from the Far North to Southland will receive funding for projects that will reduce schools’ emissions and save them money, Education Minister Chris Hipkins announced today. This is the second round of the Sustainability Contestable Fund, and work will begin immediately. The first round announced in April ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Farmer-led projects to improve water health in Canterbury and Otago
    More than $6 million will be spent on helping farmers improve the health of rivers, wetlands, and habitat biodiversity in Canterbury and Otago, as well as improving long-term land management practices, says Agriculture Minister Damien O’Connor. Four farmer-led catchment group Jobs for Nature projects have between allocated between $176,000 and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Tupu Aotearoa continues expansion to Pacific communities in Nelson, Marlborough, Tasman & Northl...
    Pacific communities in Nelson, Marlborough, Tasman and Northland will benefit from the expansion of the Tupu Aotearoa programme announced today by the Minister for Pacific Peoples, Aupito William Sio. The programme provides sustainable employment and education pathways and will be delivered in partnership with three providers in Northland and two ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New primary school and classrooms for 1,200 students in South Island
    Education Minister Chris Hipkins unveiled major school building projects across the South Island during a visit to Waimea College in Nelson today. It’s part of the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “Investments like this gives the construction industry certainty ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Minister of Māori Development pays tribute to Rudy Taylor
      Today the Minister of Māori Development, alongside other Government Ministers and MP’s said their final farewells to Nga Puhi Leader Rudy Taylor.  “Rudy dedicated his life to the betterment of Māori, and his strong approach was always from the ground up, grassroots, sincere and unfaltering”  “Over the past few ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Prime Minister to attend APEC Leaders’ Summit
    Prime Minister Jacinda Ardern will attend the annual APEC Economic Leaders’ Meeting and associated events virtually today and tomorrow. “In a world where we cannot travel due to COVID-19, continuing close collaboration with our regional partners is key to accelerating New Zealand’s economic recovery,” Jacinda Ardern said. “There is wide ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to Infrastructure NZ Symposium
    Tena Koutou, Tena Koutou and thank you for inviting me to speak to you today. This is a critical time for New Zealand as we respond to the damage wreaked by the global COVID-19 pandemic. It is vital that investment in our economic recovery is well thought through, and makes ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pike River 10 Year Anniversary Commemorative Service
    Tēnei te mihi ki a tātau katoa e huihui nei i tēnei rā Ki a koutou ngā whānau o te hunga kua riro i kōnei – he mihi aroha ki a koutou Ki te hapori whānui – tēnā koutou Ki ngā tāngata whenua – tēnā koutou Ki ngā mate, e ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Huge investment in new and upgraded classrooms to boost construction jobs
    Around 7,500 students are set to benefit from the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “The election delivered a clear mandate to accelerate our economic recovery and build back better. That’s why we are prioritising construction projects in schools so more ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Keeping Pike River Mine promises 10 years on
    Ten years after the Pike River Mine tragedy in which 29 men lost their lives while at work, a commemorative service at Parliament has honoured them and their legacy of ensuring all New Zealand workplaces are safe. Prime Minister Jacinda Ardern attended the event, along with representatives of the Pike ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Additional testing to strengthen border and increase safety of workers
    New testing measures are being put in place to increase the safety of border workers and further strengthen New Zealand’s barriers against COVID-19, COVID-19 Response Minister Chris Hipkins said today. “These strengthened rules – to apply to all international airports and ports – build on the mandatory testing orders we’ve ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • More public housing delivered in Auckland
    The Government’s investment in public housing is delivering more warm, dry homes with today’s official opening of 82 new apartments in New Lynn by the Housing Minister Megan Woods. The Thom Street development replaces 16 houses built in the 1940s, with brand new fit-for-purpose public housing that is in high ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Agreement advanced to purchase up to 5 million COVID-19 vaccines
    The Government has confirmed an in-principle agreement to purchase up to 5 million COVID-19 vaccines – enough for 5 million people – from Janssen Pharmaceutica, subject to the vaccine successfully completing clinical trials and passing regulatory approvals in New Zealand, says Research, Science and Innovation Minister Megan Woods. “This agreement ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Jobs for Nature funding will leave a conservation legacy for Waikanae awa
    Ninety-two jobs will be created to help environmental restoration in the Waikanae River catchment through $8.5 million of Jobs for Nature funding, Conservation Minister Kiritapu Allan announced today. “The new funding will give a four-year boost to the restoration of the Waikanae awa, and is specifically focussed on restoration through ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New Dunedin Hospital project progresses to next stage
    As the new Dunedin Hospital project progresses, the Government is changing the oversight group to provide more technical input, ensure continued local representation, and to make sure lessons learnt from Dunedin benefit other health infrastructure projects around the country. Concept design approval and the release of a tender for early ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Jump in apprentice and trainee numbers
    The number of New Zealanders taking up apprenticeships has increased nearly 50 percent, and the number of female apprentices has more than doubled. This comes as a Government campaign to raise the profile of vocational education and training (VET) begins. Prime Minister Jacinda Ardern and Education Minister Chris Hipkins announced ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • ReBuilding Nations Symposium 2020 (Infrastructure NZ Conference opening session)
    Tena koutou katoa and thank you for the opportunity to be with you today. Can I acknowledge Ngarimu Blair, Ngati Whatua, and Mayor Phil Goff for the welcome. Before I start with my substantive comments, I do want to acknowledge the hard work it has taken by everyone to ensure ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand's biosecurity champions honoured
    Biosecurity Minister Damien O’Connor has paid tribute to the winners of the 2020 New Zealand Biosecurity Awards. “These are the people and organisations who go above and beyond to protect Aotearoa from pests and disease to ensure our unique way of life is sustained for future generations,” Damien O’Connor says. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tourism Industry Aotearoa Conference
    speech to Tourism Industry Aotearoa annual summit Te Papa,  Wellington Introduction Nau mai, haere mai Tēnā koutou, tēnā koutou, Ka nui te mihi, ki a koutou. Thank you Tourism Industry Aotearoa for hosting today’s Summit. In particular, my acknowledgements to TIA Chair Gráinne Troute and Chief Executive Chris Roberts. You ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Supermarkets announced as Government’s second market study
    The Government has today launched a market study to ensure New Zealanders are paying a fair price for groceries.   “Supermarkets are an integral part of our communities and economy, so it’s important to ensure that Kiwis are getting a fair deal at the checkout,” Minister of Commerce and Consumer ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Masks to be worn on Auckland public transport and all domestic flights
    Masks will need to be worn on all public transport in Auckland and in and out of Auckland and on domestic flights throughout the country from this Thursday, Minister for COVID-19 Response Chris Hipkins said today. “I will be issuing an Order under the COVID-19 Response Act requiring the wearing ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand signs Regional Comprehensive Economic Partnership
    Increase to New Zealand’s GDP by around $2 billion each year Increase opportunities for NZ exporters to access regional markets Cuts red tape and offers one set of trade rules across the Asia Pacific region New government procurement, competition policy and electronic commerce offers NZ exporters increased business opportunities Prime ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister acknowledges students as exams begin
    Education Minister Chris Hipkins has recognised the extraordinary challenges students have faced this year, ahead of NCEA and New Zealand Scholarship exams which begin on Monday. “I want to congratulate students for their hard work during a year of unprecedented disruption, and I wish students all the best as ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Prime Minister meets with key ASEAN and East Asia Summit partners
    Prime Minister Jacinda Ardern today attended the ASEAN-New Zealand Commemorative Summit and discussed with Leaders a range of shared challenges facing the Indo-Pacific region, including: The ongoing management of the COVID-19 pandemic; The importance of working collectively to accelerate economic recovery; and Exploring further opportunities for partners to work more ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Veterans Affairs Summit held in Korea
    A Ministerial Summit on Veterans’ Affairs was held in the Republic of Korea this week. Ministers with veteran responsibilities were invited from all 22 countries that had been part of the United Nations Forces during the Korean War (1950 – 1953). The Summit marked the 70th anniversary of the outbreak ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Clear direction set for the education system, skills prioritised
    The Government has released a set of priorities for early learning through to tertiary education and lifelong learning to build a stronger, fairer education system that delivers for all New Zealanders. “The election delivered a clear mandate from New Zealanders to accelerate our plan to reduce inequalities and make more ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • A Progressive Agenda
    Speech to the Climate Change + Business Conference, November 12, 2020 Tena koutou katoa Thank you for inviting me to speak here today. It is great to see us all come together for a common cause: to redefine our future in the face of unprecedented times.  Covid-19 and climate change are ...
    BeehiveBy beehive.govt.nz
    2 weeks ago