The Silver Lake deal (15% equity stake for $465m NZD) means they value the brand equity of the All Blacks at approximately $2.2b USD - in the same ballpark as Arsenal FC, not far behind Man City and Chelsea... that's a hilariously overpriced value and the ...
https://simpleflying.com/countries-without-flag-carrier/ None of the countries on this list have the same kind of intra-country and cross-border geographical challenges that NZ does. Without a national carrier or some other government regulatory ...
I have always scratched my head about the effect of the Port Companies Act 1988 The language and scope of the act is basically identical to the SOE Act of '86 but designed for a group of locally owned rather than crown owned entities. I don't ...
does anyone think that Luxton has the "look " that appeals to anyone other than the managerial class? Our entire history of PM's is a bunch of dour managerial looking old men, with an occasional turn to a woman or someone with a bit of pep (but never both,...
...we now discuss the resignation of PM's for what ever reason, and the country will end up twice with unelected numkins. Leading to what in the end? The fact that our PM's can resign and the government continues to run without hiccup, is probably the ...
Today the discourse on the moon is about its resource potential, including the presence of water ice, solar power, and rare earth elements like platinum, titanium, scandium, and yttrium. Chinese space scientists and engineers have long recognized the ...
Shoutout for Tawny Newsome - she's a brilliant comic actor and was criminally underutilised as the 'straight man' for other characters to bounce off for the vast majority of her screen time in Space Force. She's also a total delight in Bajillion Dollar ...
Also there is one other aspect no-one is supposed to say out loud, but since the end of WW2 … no direct major power war. The existence of nuclear weapons can take much credit for this. Literally millions of people died in various proxy wars between the ...
To be fair though, the expense-profile on bats and helmets doesn't change much over the lifetime of an amateur cricketer as they progress through the ranks. I suspect the expense-profile of sailing ramps up in a dramatically different fashion. :)
There's a really delightful irony to this post. You confidently assert that a dip for labour is 'comforting' while a rise for national is nothing more than dead count bounce (which is utterly nonsensical in the context of polling). Meanwhile the second ...
I take issue with your view that the sport shouldn't be supported because people who either play it or watch it do not reflect the make up of NZ. That should NEVER be a major factor in determining if a sport should be supported. Rugby Union, Rugby League, ...
just over $200 everything included, boat and all. How much would it take to kit her out in rugby gear, netball gear or gear for any other sport. $200 barely buys you a cricket bat, let alone all the other gear kids need to play.
Only 5% of houses sell each year but if 10% of houses were on the market each year there would not any price inflation pressure. You appear to be under the impression that all those extra sellers are going to sell their homes and then live... nowhere?
@Pat - when interest rates increase it is the constraint placed on new entrants to the market, not those with existing fixed term mortgages Interest rates aren't like a rubber band. Just because they've been relatively low for a long period of time it ...
The conditions prevalent in Ireland in the lead up to the 2009 crash bear little resemblance to NZ today. And, there were plenty of knowledgeable market observers calling the market a bubble in Ireland during the preceeding few years. (FYI - keyboard ...
Interest rate increase, You can borrow 1-year and 2-year fixed from most banks for around 2.5%. The best 5-year fixed are is currently 2.99% and no-one's offering fixed-rates anywhere along the curve starting with a 4. Even if rates do rise, they're not ...
the bubble it cannot be sustained... there are multiple triggers and attempting to prevent one only makes the others more likely The NZ housing market is not a bubble in any meaningful sense. House prices are responding exactly as they should be, given all...
we are now a low wage economy By any reasonable metric of income (Purchasing power parity, GDP per capita, median incomes, etc) New Zealand household incomes are in the same ballpark as countries like Italy, Spain, South Korea, Japan, and just a tad behind...
Though why anyone would buy in a city where you can’t take a shit without meeting it on your next sea swim I have no idea Because that's where the jobs are.
Perhaps a better way to put it would be that the vast majority of New Zealanders are sufficiently satisfied with their Aus-owned banks that they don't feel a need to shift to a different institution. :)
And Offshore banks have only been in the domestic market for less than 40 years. False - offshore banks started operating in NZ not long after european settlers arrived. The Bank of New South Wales was effectively NZ's central bank by the 1860's.
from time-to-time NZ Consumer and other organisations survey bank customers, and NZ-owned banks always top the customer satisfaction rankings. Yeah, I don't dispute that the NZ banks produce higher customer satisfaction ratings in those surveys, but the ...
Re: your 2018 link The ANZ will make more profit this year than Fonterra, Spark, Fletcher Building, Warehouse, Air NZ and all the supermarkets combined did last year. It's one bank, yet its profits are almost twice that of the top seven power companies ...
Interesting data point in your link (which is from 2017): ...handled by the Banking Ombudsman, which dealt with 2704 cases and complaints. About 77 percent of those cases related to the Australian banks. Australian-owned banks make up roughly 85% of the ...
A suit rarely, if ever, performs this function [visual representation of a man wielding authority] if the person is not also wearing a tie. I agree with Turei's overall view that business attire is largely an outdated concept, but take minor issue with ...
You know you're incredibly insufferable, right?
I would love to know where you managed to get your evidence for this claim? When was the last time you walked into literally any office building in the country? Aside from stuffy old lawyers and most real estate agents, pretty much every white collar ...
I find it very hard to believe Before Covid, Air New Zealand's operating revenue was just a little short of six billion dollars. Your belief that a CEO in that situation would know the details of a $3m contract (itself apparently via a 3rd-party sub ...
So he gets all that money, but has no responsibility, Get off it, Morris. Delegated Authority is a real thing in the government- and corporate-world. The CEO, Greg Foran, is not operationally responsible for signing off individual contracts for work. But ...
who signed off on dealings with Saudi Arabia. The extent of the arrangement was that an Air New Zealand sub-contractor worked on three engines. "It is through a third party contract that work has recently been carried out on two engines and one power ...
Why is there such a marked disparity between the transmission of COVID-19 (see the graph at the end of MS's post) in the US/UK versus NZ/Taiwan/China? ... Maybe it's unhelpful to consider whether or not these influences are more prevalent towards one end ...
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