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Small mocks sunnyside Key

Written By: - Date published: 12:19 pm, September 27th, 2011 - 26 comments
Categories: Economy, john key - Tags:

If New Zealand’s economy could be powered by empty promises and pollyanna-ish optimism, then John Key would have the best economic record in the country’s history. Actually, he has one of the worst. Vernon Small today mocks Key’s unwillingness to put a downer on the RWC vibe by confronting the emerging global crisis.

His deputy Bill English will return from the International Monetary Fund today with tales of debt woes, double-dip recessions and fears the global slowdown will peg back our key export markets in Asia. But yesterday the prime minister was looking on the bright side of life:

Our country sits close to some very strong economies. The chances of Greece defaulting on its debt are “better than 50 per cent”. (As in, higher than 50 per cent? Or worse than 50 per cent? Some even say 90 per cent, or inevitable. But that is not the Key way.)

A double-dip recession? Unlikely. And there is no reason to resile from plans for a Budget surplus by 2014-15.

The worst news was that the pesky crisis had killed his weasel-cunning plan to return to surplus even earlier. In Keyland even when things get gloomier, they don’t get worse; they just stop things getting better.

So there will be no cuts to programmes, no spike in taxes, no stimulus package, no plans for U-turns if countries default. Just a can-do PM who will “roll with the punches”, stay optimistic about Asia and trust that investors will be “discerning” (unlike in 2008) between good and bad companies, good and bad countries.

You would think that with a better-than-even chance of Greece defaulting he would be twisting advisers’ arms to forecast its impact, and prepare contingency plans. Not yet, it seems.

Why would you need to be forecasting and preparing for the downside when downsides are impossible, eh Mr Key? As long as China keeps growing…. oops:

As the American economy appears to teeter on the edge of another recession, Europe struggles with a financial crisis and emerging markets like Brazil and India show new weaknesses, China may appear to be in better shape than most countries, economists say. But “better” is relative.

On the surface, economists at the International Monetary Fund and most banks are still estimating China’s growth rate to be over 9 percent this year. China continues to run very large trade surpluses. New construction starts have soared with a government campaign to provide more affordable housing.

And yet, the country’s huge manufacturing sector is starting to slow and orders are weakening, especially for exports. The real estate bubble is starting to spring leaks, even as inflation remains stubbornly high for consumers — despite a series of interest rate increases and ever-tighter limits on bank lending.

Because China’s mighty growth engine has been one of the few drivers of the global economy since the financial crisis of 2008, signs of deceleration could add to worries about the global outlook.

26 comments on “Small mocks sunnyside Key”

  1. randal 1

    So where are the jobs then? Key boosted himself as the magnate and mogul that would transform New Zealand but all he has done is run this piddling little sideshow. What a bringdown.

  2. tc 2

    watch that spin drx, rcycling Rick took a bunch of gov’t money to create ‘new’ jobs at EDS (before slinging his hook back to TVNZ)…..whilst about the same/more were being shed out the back door….Nett jobs is the key measure.

  3. freedom 3

    On a related matter. The Stuff story which was posted at 05:00 has not had a single comment posted.

    Anyone else find this hard to believe?

    • I’d see it as total disbelief, and folk simply can’t be bothered to comment. Much like ACT-related news stories. They atrtract bugger-all respondses. People just don’t care.

      It’s a curious response to Key’s “smile & wave” brand of populism…

    • Deadly_NZ 3.2

      Well at 2:18 am on the 28th there are only 6 comments. And 2 of them were from Frank Macskay. Now tell me that no one else cares. And my comment had vanished into a big black censorship hole.

  4. Richard 5

    i commented on it freedom… who knows if it will be published

  5. Colonial Viper 6

    The American economy “teetering on the edge of another recession”?

    Pull the next one. The last two years have been a very slight plateau from the nose dive, but for most ordinary American workers and families there hasn’t even been any levelling off. Only Wall St has benefitted, and they only from the massive free cash injections from the Fed.

    This is the same recession as 2008, writ large.

    • Draco T Bastard 6.1

      Yep, The Great Depression didn’t start in 1929, that was just when the stock market initially crashed causing a fairly major recession. Governments around the globe went for austerity and plunged the entire worlds economy into a depression in about ’32/’33. It was the build up to war and the war itself that pulled the world, especially the US which hadn’t been bombed back into the stone age, back out of it. This time, although there will be war, we won’t be coming out of the “depression” as there just won’t be the available resources to support the necessary growth to pay for the banksters fractional reserve banking system.

      • Afewknowthetruth 6.1.1

        DTB

        Slight correction. Not the entire world, just those economies closely linked to western banking sytems (or their intended victims) were dragged down by the Wall St Crash. Germany prospered through the mid-30s, partly because Americans banks and corporations were investing there instead of at home. Japan was ‘extremely busy; in the mid-30s.

        I do agree entirely that we are witnessing the beginning of the end. There will be no recovery OF the globalised economic system, just a partial revovery FROM the globalised economic system (depending on how much environmental destruction occurs over the next few years). The cheap and abundant resources necessary for the function have mosty been consumed. Corporations are now scraping the bottom of the barrel in desperate attempts to maintain BAU.

        .

  6. randal 7

    frank mac. I feel like I have been juxtaposed too. everybody is saying that. so just how do juxtapose 45,000 jobs against rising unemployment. The red queen is still on a mushroom binge methinks.

  7. Rich 8

    [China’s] huge manufacturing sector is starting to slow and orders are weakening, especially for exports

    Well yeah. They’ve already got a very high market share in almost everything they make. It’s hard to see where any growth is going to come from, especially as their customers are having their spending power reduced.

    (which is why China would never dream of stopping lending to the West. They have to if they want to keep their factories busy and workers docile).

    Half of the Chinese workforce are still farmers. Their ability to grow their middle class is limited by the consumption of their export customers. You’ve got stories of riots and ghost cities.

    If China crashes, there’s likely to be huge political instability (for the third time in the last 60 years) – they’ll likely turn inward and commodity demands will drop substantially. Which, apart from anything else, isn’t going to be good for our “rock-solid” Aussie banks.

  8. John D 9

    If the markets are going to crash, there’s probably bugger all we can do anyway

  9. JS 10

    DTB – I’ve been thinking this is more like 1932/33. That is when the desperation and riots really set in. But the misery, poverty and public service cuts of the early 1930s also led to the first Labour government’s landslide 1935 election win, and the creation of the welfare state. So a similar transformation may not be too far away.

    • Afewknowthetruth 10.1

      JS

      There will be a huge transformation but it won’t be towards a welfare state. The resources that permitted the establishement of the welfare state no longer exist. For instance, in the 1930s and 1940s US oil extraction was rising….even through the 1950s and 1960s. But US oil extraction peaked in 1970 and has been declining since ( with a short term reduction in the rate of decline when Alaska came on stream). Britian, Australia, NZ, Indonesia, Norway……. practically every nation has peaked in oil extraction, with just a few nations (plus a bit of ‘unconventional oil) holding up the system.

      We could hope for a society that is not dominated by fascists, but hoping probably won’t be enough: people will have to get off their arses and fight for democracy, otherwise what little remains of it will vanish in overnight.

      Unfortunately, many NZers seem more interested in rugby than in their own futures.

  10. Richard 11

    Ahh that article finally had some replies published

  11. Richard 12

    Btw, i HIGHLY suggest watching this

    In a scary and painfully frank interview a freaked out BBC interviewer is visibly shaken when market trader Alessio Rastani predicts that the “Market is Toast.”

    • Carol 12.1

      Richard, as far as I could see, the BBC interviewer was not so much shaken by the prediction of a major market crash, but by the way Rastani said he’d been looking forward to it, because he saw it as an opportunity to make major bucks just like people did in the 1930s.

    • Thank you for that, Richard. (I think. I need to go change my underwear after hearing that trader.)

      It is precisely what I needed to counter Key’s vacant optimism, as expressed today in Parliament.

    • Deadly_NZ 12.3

      Yep but he is in the mold of another Key. But finally we get one telling the truth. They DO NOT CARE what happens as long as they make money!!!!! Fucking vampires…

      • AAMC 12.3.1

        I thought towards the end he looked scared too, I’m gonna make money, I’ve been dreaming of this, then… Goldman Sacs runs the world, estrone should get prepared to loose their savings an houses.

        The earlier part was bravado, the truth showed as he progressed.

  12. Richard 13

    yeah thats partly true, i also think alot of it was shock at the openness in which he said that what the governments do wont affect what they do… in the end, the markets are about making money… its just rare that a trader will be so blunt

  13. Afewknowthetruth 14

    The banksters will do whatever they can to keep their Ponzi scheme going. You have to admire their sense of humour: ‘big bang’. A bit more money created out of thin air to replace the money created out of thin air that people have lost confidence in:

    Independent UK.

    Eurozone members look at ‘big bang’ plan to overcome debt crisis

    Bailout fund may be given increased powers, says ECB, as German Chancellor seeks support for cash injection to Greece

    By Stephen Foley in New York and Tony Paterson in Berlin

    Tuesday, 27 September 2011
    Reuters

    In an interconnected world, chaos in the eurozone threatens the global economy. If Greece defaults without back-stop support, the financial system could well freeze over and business confidence would collapse as it did after the implosion of Lehman Brothers three years ago. Banks would stop lending, trade would grind to a halt and another recession or a depression would result

    Under pressure from the US and the rest of the international community, eurozone officials are considering a “big bang” plan to dramatically increase the size of the European bailout fund to tame financial markets and bring the sovereign debt crisis under control.

    A European Central Bank (ECB) board member threw his weight behind a plan, first mooted by the US Treasury, to increase the size of the European Financial Stability Facility (EFSF) by allowing it to borrow additional funds from the ECB.

    The comments, by Lorenzo Bini Smaghi at a conference on the sidelines of the International Monetary Fund, were the first hints that a plan to leverage up the EFSF is being considered by the ECB and the eurozone governments which are contributors to the fund.

    The EFSF was conceived as a fund to channel bailout money to eurozone countries that were having trouble servicing government debt, but its ability to fully contain the sovereign debt crisis has been in doubt almost since its inception. Contributors have pledged up to €780bn (£675bn), though ratification through member countries’ parliaments is slow and uncertain.

    The plan emerging last night would widen the scope and dramatically increase its size, providing additional funds to buy government debt from any countries that might be frozen out of the financial markets, a major fear for core eurozone members Spain and Italy. It would also be able to inject money into any European banks that get into trouble because of losses on government debt, such as are likely to occur if Greece defaults on its debt – something that markets now view as inevitable.

    Markets around the world achieved a degree of calm yesterday on rumours of the big bang approach from the eurozone, and new reports on the details of the wider, bigger EFSF sent the US stock market soaring last night. Turmoil in the eurozone is the biggest single threat to the global economy, traders believe, and they have watched political wrangling on the continent with alarm. There was also disappointment that the G20 and IMF meetings over the weekend ended with no major policy announcements, though it was clear that work was continuing at a frenzied pace behind the scenes.

    That the solution is by no means secure was underlined when Germany’s Chancellor Angela Merkel took the rare step of appearing on a television chat show in an attempt to halt a dramatic decline in public support for her coalition’s plans to contribute to the Greek bailout. Opinion polls suggest that between 75 and 80 per cent of Germans oppose more cash injections for Greece. Several leading members of Ms Merkel’s coalition also oppose the plan.

    However, Ms Merkel warned during her television appearance that Germany’s failure to help Athens could result in a domino effect which could spread throughout the eurozone. “We have to be able to put up a barrier,” she told viewers, adding that she wanted Greece to keep the euro.

    The Chancellor’s made her remarks before a key parliamentary vote in the German Bundestag on Thursday over plans to approve increases to the lending capacity of the EFSF. With opposition increasing from within her own ranks, particularly among her liberal Free Democrat coalition partners, Ms Merkel cannot be absolutely certain of a majority.

    The Chancellor has indicated that she may have no option but to rely on the votes of opposition Social Democrats and Greens to get the measure through parliament. Some observers have predicted that if she is forced to take this course, she could be forced to hold a parliamentary vote of confidence in her administration which would almost certainly result in the collapse of her coalition. However, Ms Merkel insisted during her appearance that she was confident of obtaining a majority during the vote. “I want a majority of my own and I am confident about getting one,” she said.

    Ms Merkel was due to meet Greek Prime Minister George Papandreou in Berlin tonight for renewed discussions about Athens’ ability to cope with the crisis caused by its deepening debt problem.

    What a Greek default would mean for…

    The world economy

    In an interconnected world, chaos in the eurozone threatens the global economy. If Greece defaults without back-stop support, the financial system could well freeze over and business confidence would collapse as it did after the implosion of Lehman Brothers three years ago. Banks would stop lending, trade would grind to a halt and another recession or a depression would result.

    Greece

    Some argue that default and leaving the euro would not be a disaster for Greece. After all, it would then be free of austerity measures that threaten to keep the country in a spiral of spending cuts and weakening growth. It would also have a weaker, more competitive currency. But with no one willing to lend it money, the country, which is led by George Papandreou, pictured, would have to print money and risk hyper-inflation. Unpleasant as it is, the proposed bailout may be the best compromise for Greece.

    The banks

    Europe’s banks would go into meltdown if Greece defaulted in a “disorderly” fashion because they have large holdings of bonds (or IOUs) issued by Greece and countries such as Italy and Spain. A full default would leave Greece’s bonds worthless, causing banks huge losses. France’s banks have sparked the greatest fears because of concerns about their exposure to Greek debt and the market thinks they need more capital. UK banks have smaller holdings of Greek bonds but would face trouble if panic spread to Ireland and Spain.

    The euro

    A chaotic Greek default would almost certainly see panic spread to the sovereign debt of Italy and Spain, which are too big to be bailed out under current arrangements. That scenario could trigger the break-up of the single currency. The package under discussion is intended to replace past patch-ups with a decisive plan to shore up confidence in the eurozone’s political resolve.

    Britain

    The UK needs this plan to work, hence the urgent calls from David Cameron and George Osborne for action. Europe is by far this country’s biggest trading partner and economic catastrophe there would choke off exports that the Government and the Bank of England are trying to encourage to boost growth.

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    Tom Moore Traditionally a food source and cutting tool, freshwater mussels/kākahi are now widely valued as water filters that help clean our waterbodies and maintain ecosystem health throughout Aotearoa. The improvement they provide in water quality can make it easier for other animals to live in streams and rivers, as ...
    SciBlogsBy Guest Author
    1 week ago
  • Back it up Luxon: endorsing the destructive past is not actually the way forward
    And to think he gave all the potential goodwill away with that moronic, cult-like statement (repeated ad nauseam by many National hardliners) that Key is quite simply “the greatest PM we ever had”… Installation complete: this was nothing ...
    exhALANtBy exhalantblog
    1 week ago
  • Good riddance
    National MP and former Conservation Minister Maggie Barry will not seek re-election next year. Good riddance. Because in case anyone has forgotten, barry is a bullying thug who terrorised both public servants and fellow MPs. She is one of the people who makes Parliament a toxic workplace, and our country ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Climate Change: D-Day
    The Zero Carbon Bill is back in the House today for its second reading. While this isn't the final stage, its still effectively D-Day for the bill. Because today, at around 5pm, is when we're going to find out if it has a majority, whether National will support it or ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Winston is right
    Winston Peters is in court today, suing a bunch of former Minister and civil servants over their pre-election leak of his superannuation repayment. He's characterised the leak as malicious, and said that it is repugnant that his information was passed on to Ministers to use for political advantage. And he's ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Media impartiality
    Sky's economics editor, Ed Conway has posted a Twitter thread responding to a claim that - as far as I can see - Labour never made:
    Are NHS operation cancellations at an all-time high? That's the impression you might have been left with if you read this story from the ...
    1 week ago
  • Finish what’s on your plate
    Murray Cox Do I have to finish my favourite genome? That’s an often-asked question. Geneticists generally strive to produce high-quality genomes that sequence every last gene, making full use of the state-of-the-art technologies coming on stream. Sequencing DNA means determining the order of the four chemical building blocks – called ...
    SciBlogsBy Genomics Aotearoa
    1 week ago
  • Gainful Employment: A Cautionary Tale.
    Transformative Politics: The idea is to turn each recipient into an unwitting accomplice in their own transformation. From interested observer to hyped-up activist, sharing our messages promiscuously with ‘friends’. You’ll be part of an ever-expanding circulatory system, Jennifer, for the ideas that will win us the election.”JENNIFER SKITTERED her chair ...
    1 week ago
  • New Zealand should not fund bigotry
    Two years ago, the Cook Islands government announced that it was planning to join the civilised world and decriminalise consensual homosexual sex between men. Now, they've reversed their position, and decided to criminalise lesbians into the bargain:Two years ago, in a step welcomed by many people including the gay and ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • New Fisk
    No Right TurnBy Idiot/Savant
    1 week ago
  • More tyranny in Australia
    The boycott is a fundamental tool of protest. By choosing who we buy from, we can send a message, and hopefully change corporate behaviour. Historically, boycotts have been effective, for example over apartheid in South Africa and Israel, in forcing divestment from Myanmar, and in ending bus segregation in the ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Submission for rationality and science against the assaults of pre-modernism and post-modernism
    Jan Rivers spoke at the Abortion Legislation Select Committee in favour of the bill, but in opposition to calls from other submitters to exchange the word ‘woman’ for ‘person’ throughout the bill. Jan is a supporter of the feminist group Speak Up For Women and has recently written an excellent ...
    RedlineBy Daphna
    1 week ago
  • My loyal readership of … Cam girls and Pornbots?
    I checked my traffic stats:I was intrigued by 'monica29' - who was this very dedicated individual?  I clicked on the link, to be greeted with ...Ho, hum.Spreadin' the word, spreadin' the word.  Doesn't matter who hears it, as long as it gets out there. ...
    1 week ago
  • Worth repeating forever
    There have been three polls since the election was announced, and I will shamelessly steal YouGov / UK Polling Report's Anthony Wells' summary of them:Survation – CON 34%, LAB 26%, LDEM 19%, BREX 12%, GRN 1% Ipsos MORI – CON 41%, LAB 24%, LDEM 20%, BREX 7%, GRN 3% YouGov ...
    1 week ago
  • Lutte Ouvriere on the explosion in Chile
    The following article is translated from Lutte Ouvrière, the weekly newspaper of the organisation usually known by the same name in France. When, for the second time this year, Chilean President Piñera announced an increase in the price of Metro tickets from 800 to 830 pesos, students in the high ...
    RedlineBy Admin
    2 weeks ago
  • Wage theft – I’m fucking over it.
    Today, a worker contacted me asking if she could go to the police over her employer stealing thousands of dollars from her in unpaid wages. The employer also did not pay this worker’s taxes or student loan which amounts to tax fraud. As a workers rights activist, who founded the ...
    PosseBy chloeanneking
    2 weeks ago
  • On The Rebound.
    Signed, Sealed, Delivered, They're Yours: Is there any person more vulnerable than a jilted lover on the rebound? Or, anything more certain than that the charmer, the predator, the glib spinner of lies and promises will seek such broken people out? Yes, of course, he will love every one of ...
    2 weeks ago
  • Rabbi urges congregation to vote against Corbyn
    Though Jonathan Romain is a fairly high profile Rabbi, writing in several papers and popping up on TV and the radio, this story doesn't seem to have made it to the Guardian yet, so I'll take the unusual step of linking the Stephen Pollard edited Jewish Chronicle:Rabbi Dr Jonathan Romain ...
    2 weeks ago
  • My absurdly optimistic prediction
    There's an election afoot, and that is when noted opinion formers such as myself get to make wild fools of ourselves by pretending we have the faintest idea what will happen.So, here is my absurdly optimistic prediction:Labour - 285Conservative - 262SNP - 53Lib Dems - 20PC - 5Ireland - 18 ...
    2 weeks ago
  • October ’19 – NZ blogs sitemeter ranking
    Image Credit: Increase Social Media Traffic & Website Traffic I notice a few regulars no longer allow public access to the site counters. This may happen accidentally when the blog format is altered. If your ...
    2 weeks ago
  • A mountain of a challenge in banning glyphosate
    Belinda Cridge I was reading my son a story last night. A great tale of derring-do of five mountaineers scaling the Matterhorn for the first time. One in the party had tried six times previously and failed, this was the last attempt before winter closed another season. They tried a ...
    SciBlogsBy Guest Author
    2 weeks ago
  • This government has a problem with secrecy
    As introduced, the Zero Carbon Bill included an expansive secrecy clause, which would have covered virtually all decisions by the Climate Change Commission over our most important policy area. The Ministry for the Environment admitted this was a mistake (or as they put it, an "oversight"), and the select committee ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • A small New Zealand songbird that hides food for later use provides insights into cognitive evolutio...
    Rachael Shaw, Victoria University of Wellington When we think about animals storing food, the image that usually comes to mind is a squirrel busily hiding nuts for the winter. We don’t usually think of a small songbird taking down an enormous invertebrate, tearing it into pieces and hiding these titbits ...
    SciBlogsBy Guest Author
    2 weeks ago
  • Referenda on Euthanasia – NZ First’s Victory – or a Major Miscalculation?
    . . NZ First’s success in putting the euthenasia bill to a public referenda may not be the victory they believe it to be. They may even have sounded the death-knell for a second Labour-NZ First-Green coalition. On 23 July this year, NZ First MP, Jenny Marcroft, submitted a Supplementary ...
    Frankly SpeakingBy Frank Macskasy
    2 weeks ago
  • Corbyn the Mighty vs BoJo the Clown
    Interesting contrasting pictures in the Guardian:Corbyn gets the classic positive shot - low angle and a clear background, making him look authoritative (of course, being Corbyn, he doesn't do authoritative very well).Where as Johnson gets pictured with children at some sort of mad-hatters' tea party:Begging the question, who is the ...
    2 weeks ago
  • Public health, externality, and vaccination
    Paternalism is contentious. Arguments for state action to protect us from ourselves are fraught. I come down pretty heavily on the anti-paternalism side of the argument, but I’ve heard respectable defences of paternalism. But policy around vaccination is hardly paternalistic. There’s a clear market failure that could be pointed to ...
    SciBlogsBy Eric Crampton
    2 weeks ago
  • Happy Halloween
    Its Halloween, so its time for annual pumpkin trepanning and chocolate eating ritual. ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Twenty thousand leagues under the sea
    I’ve been reading Jules Verne’s novel Twenty thousand leagues under the sea, considered as one of the very earliest science fiction stories. In brief, Monsieur Aronnax and a couple of sidekicks are taken prisoner by Captain Nemo and his mysterious crew and treated to an underwater voyage around the world ...
    SciBlogsBy Marcus Wilson
    2 weeks ago
  • Climate Change: Disclosing the risks
    The climate crisis is going to mean some pretty big changes in our country, both from its impacts and the policies required to address them. Most obviously, whole suburbs are going to be underwater by 2100, meaning people and businesses are going to have to relocate to higher ground. But ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • MPI fails again
    Yesterday a dairy company was fined $483,000 for repeatedly failing to report listeria in its facility. Its a serious fine for a serious crime: listeria is a serious disease, and they were effectively trying to kill people with it. But there's another story hidden in there, and its not a ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Gay Men Address Gender Identity
    Gay men see the excesses of trans activism and are increasingly speaking out.  A new Facebook group addressing ‘gender identity’ and contemporary trans activism has been set up for gay men, by gay men. The following is the group’s Statement of Intent, Group Rules, and link to the group for ...
    RedlineBy Admin
    2 weeks ago
  • National’s Going Gangbusters.
    Criminal Enterprises: Gangs are not welfare institutions. Nor are they a substitute for the family their members never had. They are ruthless, violent, criminal money-making machines. That is all.OKAY, first-things-first. Gangs exist for one purpose – and only one. They are a sure-fired, time-tested institution for making crime pay – ...
    2 weeks ago

  • Addressing miscarriages of justice
    Darroch Ball, Spokesperson for Justice New Zealand First is proud that a key Coalition Agreement commitment which will provide for a more transparent and effective criminal justice system has been realised. Legislation to establish the Criminal Cases Review Commission, an independent body focused on identifying and responding to possible miscarriages of ...
    45 mins ago
  • Week That Was: Historic action on climate change
    "Today we have made a choice that will leave a legacy... I hope that means that future generations will see that we, in New Zealand, were on the right side of history." - Jacinda Ardern, Third Reading of the Zero Carbon Bill ...
    5 days ago
  • Tax-free deployments for Kiwi troops
    Darroch Ball, New Zealand First List MP A Member’s bill has been proposed that would provide income tax exemptions for all New Zealand Defence Force (NZDF) personnel while on operational deployment overseas. The Income Tax (Exemption for Salary or Wages of NZDF Members on Active Deployment) Amendment Bill proposed by New Zealand First ...
    5 days ago
  • A balanced Zero Carbon Bill passed
    Rt Hon Winston Peters, New Zealand First Leader New Zealand First is proud to have brought common sense to the Climate Change Response (Zero Carbon) Amendment Bill, which passed its final reading in Parliament today. Party Leader Rt Hon Winston Peters says months of hard work went into negotiating a balanced ...
    6 days ago
  • Paramedics’ status to be recognised
    Jenny Marcroft MP, Spokesperson for Health New Zealand First has listened to calls to recognise paramedics as registered health professionals under the Health Practitioners’ Competence Assurance Act (the Act). Today, the Coalition Government announced plans for paramedics to be registered as health practitioners under the Act, and the establishment of a ...
    1 week ago
  • Week That Was: 2,000 teachers in two years
    We began the week by commemorating the New Zealand Wars and celebrating a major increase in the number of teachers. Then, we were busy supporting offenders into work and getting our rail back on track after years of underinvestment. And that's just the start! ...
    2 weeks ago
  • Winning an election one conversation at a time
    In October I was sworn in as the Mayor of Lower Hutt. It’s the privilege of my life to serve Hutt people as their Mayor. There is something really special to be able to serve the community where I was raised, and where I live.   ...
    2 weeks ago
  • Closer cooperation with Korean horse racing industry
    Rt Hon Winston Peters, Deputy Prime Minister, Minister for Racing Racing Minister Winston Peters met with Korea Racing Authority Chairperson Nak Soon Kim in Seoul today to discuss closer cooperation between the New Zealand and Korean horse racing industries. As part of the visit to the Seoul Racecourse, Mr Peters witnessed ...
    2 weeks ago
  • Otago to lead digital creativity
    Hon Shane Jones, Minister for Regional Economic Development The Provincial Growth Fund (PGF) is investing $10 million to establish Otago as the centre of New Zealand’s creative digital industry over the next ten years, Regional Development Minister Shane Jones announced today. “The initiative will bring us closer to the vision of ...
    2 weeks ago
  • Young Otago students encouraged to take on forestry careers
    Hon Shane Jones, Minister for Regional Economic Development The Provincial Growth Fund (PGF)’s skills and employment programme will help young Otago people into long-term forestry careers, Regional Economic Development Minister Shane Jones announced today. Te Ara Mahi will invest $63,000 in the 2020 school year to support eight 17 and 18 ...
    2 weeks ago
  • PGF backing Dunedin’s waterfront ambitions
    Hon Shane Jones, Minister for Regional Economic Development The Provincial Growth Fund (PGF) will support local plans to revitalise and stimulate economic development opportunities in Otago, Regional Economic Development Minister Shane Jones has announced. The four Regional Economic Development Ministers have approved an in-principle investment of $19.9 million towards the region’s ...
    2 weeks ago
  • M. Bovis eradication progress welcomed
    Mark Patterson, Spokesperson for Primary Industries New Zealand First is pleased to have received the Technical Advisory Group (TAG) report on the Coalition Government’s Mycoplasma bovis eradication efforts, which shows significant progress in the fight against the disease. New Zealand First Spokesperson for Primary Industries, Mark Patterson, says the report’s findings ...
    2 weeks ago
  • PGF boosts Otago’s engineering and manufacturing sector
    Hon Shane Jones, Minister for Regional Economic Development Hon David Parker, Minister for Trade and Export Growth The Provincial Growth Fund (PGF) is investing to support economic growth opportunities for Otago’s engineering and manufacturing sectors, Regional Development Minister Shane Jones and Trade and Export Minister David Parker announced today. Almost $20 million ...
    2 weeks ago
  • Minister Peters discusses Pacific challenges and denuclearisation in Seoul
    Rt Hon Winston Peters, Deputy Prime Minister, Minister of Foreign Affairs Foreign Minister Winston Peters and his South Korean counterpart, Kang Kyung-wha, discussed in Seoul today opportunities to work more closely in the Pacific and the situation on the Korean Peninsula. Mr Peters and Minister Kang confirmed New Zealand and the ...
    2 weeks ago
  • PGF supports high speed broadband for marae at Parihaka Pa
    Hon Shane Jones, Minister for Regional Economic Development  Hon Nanaia Mahuta, Minister for Māori Development The three marae in the historic Parihaka Pa complex in Taranaki have been upgraded to high speed broadband with the support of the Provincial Growth Fund (PGF), Regional Economic Development Minister Shane Jones announced today. “Connecting the ...
    2 weeks ago
  • Advancing Pacific Partnerships 2019 launched
    Hon Ron Mark, Minister of Defence Minister of Defence Ron Mark will today launch the Advancing Pacific Partnerships 2019 Defence Assessment  during a speech at Te Papa.  The Assessment outlines how Defence will partner with our Pacific Island neighbours and invest in Pacific regional security architecture. The Plan aligns with the Coalition ...
    2 weeks ago
  • PGF funding could transform Gisborne company into “beacon of employment” in two years
    A new Provincial Growth Fund investment could create about 80 new jobs in Gisborne over the next two years, turning a local small business into a “beacon of employment” in the process. Regional Economic Development Parliamentary Under-Secretary Fletcher Tabuteau said the PGF’s Te Ara Mahi funding stream would provide $1.6m ...
    2 weeks ago
  • Week That Was: Two years of progress
    This week, we’re taking action on climate change, expanding trades education – and celebrating two years of progress! ...
    3 weeks ago
  • Minister of Foreign Affairs to visit the Republic of Korea and Japan
    Rt Hon Winston Peters, Deputy Prime Minister, Minister of Foreign Affairs Minister of Foreign Affairs Winston Peters will travel to the Republic of Korea and Japan next week. “The Republic of Korea and Japan are two of New Zealand’s closest partners in the region with whom we share common values and ...
    3 weeks ago
  • New Zealand to lead Bougainville Referendum Regional Police Support Mission
    Rt Hon Winston Peters, Deputy Prime Minister, Minister of Foreign Affairs Minister of Foreign Affairs Winston Peters has announced today that New Zealand is leading a police support mission in Bougainville as the region prepares to vote in a non-binding referendum on its political future. “New Zealand has accepted an invitation ...
    3 weeks ago
  • We’re taking action on climate change
    “I refuse to accept the challenge of climate change is too hard to solve.” – Jacinda Ardern ...
    3 weeks ago
  • Shane Jones annoyed at “elevated sense of entitlement from a lot of immigrant leaders”
    New Zealand First MP Shane Jones is defending Immigration New Zealand (INZ) after it instructed officials to stop granting visas as an exception to instructions. He has also lashed out at immigrant leaders upset with the tightening of the rules, saying they had an “elevated sense of entitlement”. Members of ...
    3 weeks ago
  • New Zealand public likely to vote on euthanasia bill thanks to NZ First
    A change to the End of Life Choice Bill was passed in Parliament, meaning if politicians decide to vote for the law it must be approved by the public first. A binding referendum was a condition insisted on by New Zealand First, and Jenny Marcroft’s supplementary order paper (SOP) successfully ...
    3 weeks ago
  • Tairāwhiti Workforce development projects get $1.6m PGF boost
    Fletcher Tabuteau, Parliamentary Under-Secretary for Regional Economic Development The Provincial Growth Fund (PGF), through its skills and employment programme, Te Ara Mahi, is investing a further $1.6m into Tairāwhiti’s workforce development, said Parliamentary Under Secretary for Regional Economic Development Fletcher Tabuteau. “This PGF funding follows on from significant PGF investment earlier this ...
    3 weeks ago
  • NZ First welcomes primary sector support for climate change plan
    Rt Hon Winston Peters, New Zealand First Leader New Zealand First Leader Rt Hon Winston Peters says the Government’s steps to reduce farm livestock emissions are necessary and timely. Today the Government and farming leaders announced a plan to measure and price emissions at the farm level by 2025. “Many farmers ...
    3 weeks ago

  • Resource management reform options released
    The panel undertaking a comprehensive review of the Resource Management Act has identified the main issues to be addressed and options for reform and is calling for feedback to inform its final report.  In July the Government announced the comprehensive review of the resource management system, including the RMA - ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Criminal Cases Review Commission established
    An important safety valve has been added to New Zealand’s criminal justice system with the third reading of the Criminal Cases Review Commission Bill today. The Criminal Cases Review Commission (CCRC) will investigate claimed miscarriages of justice. “We’ve seen how our justice system can very occasionally get things spectacularly wrong, ...
    BeehiveBy beehive.govt.nz
    13 hours ago
  • Racing Industry destined to be on-track
    Racing Minister Winston Peters welcomes the tabling of the Racing Industry Transition Agency (RITA) 2019 Annual Report in Parliament today. He says the 2019 Annual Report marks the point when New Zealand’s racing industry’s decline was arrested and a turnaround started. RITA’s 2019 Annual Report recorded an industry net profit ...
    BeehiveBy beehive.govt.nz
    18 hours ago
  • New Zealand firefighter support to Queensland
    The New Zealand Government is today sending 21 firefighters to help fight the ongoing catastrophic Australian bushfires. “The fires in Australia are in some of the toughest, most challenging conditions ever,” says Internal Affairs Minister Tracey Martin.  “As of yesterday morning, there were 100 active bushfire-related incidents across Queensland and ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Supporting all schools to succeed
      More frontline support for schools through a new education agency, as part of a redesigned Ministry of Education More support for principals and school boards including through a new centre of leadership and local leadership advisor roles New independent disputes panels for parents and students Management of school property ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Reform to support better outcomes for Māori learners and whānau
    The Government’s reform of the Tomorrow’s Schools system is a watershed moment in education and an opportunity to create meaningful change for ākonga Māori and their whānau, Associate Education Minister Kelvin Davis said today. “Last year through Kōrero Mātauranga | Education Conversation, Māori teachers, parents, ākonga, whānau, hapū and iwi ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Infrastructure pipeline growing
    Infrastructure Minister is welcoming the first of many updated project pipelines from the newly established New Zealand Infrastructure Commission today. The New Zealand Infrastructure Commission, Te Waihanga, has released an expanded pipeline of major capital projects – another crucial step towards delivering better infrastructure outcomes. “The first iteration of the ...
    BeehiveBy beehive.govt.nz
    24 hours ago
  • Tighter firearms law to further improve safety
    Tougher gun laws designed to improve public safety through firearms prohibition orders are proposed in a new document released for public input. Police Minister Stuart Nash says firearms prohibition orders (FPOs) would give new powers to Police to ensure high-risk individuals come nowhere near firearms. “We have already prohibited the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New TVNZ chair & directors confirmed
    Andy Coupe has been confirmed as TVNZ’s new Board Chair. “Mr Coupe has strong commercial and capital markets experience and TVNZ has benefited from his technical knowledge of business and finance, as well as his extensive governance experience,” the Minister of Broadcasting, Communications and Digital Media Kris Faafoi said.  Andy ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Hutt Road cycle path officially opened
    Associate Minister of Transport Julie Anne Genter today officially opened a separated pathway, following the completion of the Kaiwharawhara Stream bridge, which will improve safety for cyclists and pedestrians along Hutt Road.  The $6.8m Hutt Road project provides a separated path for cycling and pedestrians, the replacement of informal parking ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Announcement of new Ambassador to Russia
    Foreign Affairs Minister Winston Peters today announced the appointment of career diplomat Si’alei van Toor as New Zealand’s next Ambassador to Russia. “I’m pleased to appoint Ms van Toor to this position. She brings a wealth of experience to the role having previously served as Senior Trade Adviser to the ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Half Year Economic and Fiscal Update
    The Treasury’s 2019 Half Year Economic and Fiscal Update (HYEFU) will be released on Wednesday December 11, Finance Minister Grant Robertson says. The Coalition Government will publish the 2020 Budget Policy Statement at the same time, outlining the priorities for Budget 2020. Further details on arrangements for the release will ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Giving a Boost to Kiwi small businesses
    A new initiative to better support small businesses through hands-on mentoring and advice has been launched by the Minister for Small Business. The first event in the Kiwi Business Boost series of regional workshops and online tools has been launched in Wairoa by Stuart Nash. “The Business Boost initiative combines ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Nearly three quarters of Rolleston connected to UFB
    The latest Quarterly Connectivity Report shows that more and more New Zealanders are moving to Ultra-fast Broadband (UFB), with Rolleston having the highest uptake at 74 per cent, as at the end of September. “This means that nearly three quarters of Rolleston’s households and businesses have moved to ultra-fast services. ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Historic day for landmark climate change legislation in New Zealand
    The passing of the Climate Change Response (Zero Carbon) Amendment Bill will help ensure a safe planet for our kids and grandkids, the Minister for Climate Change James Shaw said today. The landmark legislation which provides a framework to support New Zealanders to prepare for, and adapt to, the effects ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Release of Oranga Tamariki Practice Review
    The review of Oranga Tamariki practice around the planned uplift of a Hastings baby in May shows significant failings by the Ministry and that the planned and funded changes to shift from a child crisis service to a proper care and protection service need to be accelerated, Children’s Minister Tracey ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Minister wishes students success in exams
    Education Minister Chris Hipkins has wished students the best of luck for this year’s NCEA and New Zealand Scholarship exams which start tomorrow. Around 140,000 students will have participated in 119 NCEA and New Zealand Scholarship exams by the end of the exam period on 3 December. “I want to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New High Commissioner to the United Kingdom announced
    Foreign Affairs Minister Winston Peters today announced the appointment of Bede Corry as New Zealand’s next High Commissioner to the United Kingdom. “The appointment of a senior diplomat to this important role underlines the significance New Zealand places on our relationship with the United Kingdom,” said Mr Peters. “The United ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New Police recruits making Auckland safer
    An innovative approach to boosting the number of frontline Police has seen 20 new officers graduate from one of the uncommon training wings in Auckland. Police Minister Stuart Nash says the graduation of 20 constables today means that 1,765 new Police officers have been deployed since the coalition government took ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Over 1.2 million hours of community work helps local communities
    Corrections Minister Kelvin Davis says the 1.2 million hours of community work completed by offenders in the last financial year has helped local communities right across the country. “Community work sentences are a great way for people to pay something positive back to society. There is a massive benefit to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Te Huringa o Te Tai – Police Crime Prevention Strategy
    "A pathway for Police in leadership with Iwi Māori, to achieve the aspirations of Māori whānau." Police launch of Te Huringa o Te Tai, Pipitea Marae,  Thorndon Quay, Wellington Nau mai, haere mai. Tēnā koutou, tēnā koutou, ka nui te mihi, ki a koutou. Hello everyone, warm greetings to you all. ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Kiwis getting higher pay
    Working New Zealanders are getting more in their back pockets under the Coalition Government’s economic plan. Stats NZ data today shows average weekly ordinary time earnings are up by $83 since the Government took office. This shows that working New Zealanders are getting higher take-home pay, and that employers are ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • More support for schools to reduce energy consumption and environmental impact
    The Government is supporting schools to cut down their energy consumption and reduce environmental impacts, with a quarter of all schools having their lights replaced with LEDs, a sustainability contestable fund and a plan to improve the environmental sustainability of all schools in the future. Education Minister Chris Hipkins and ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New Zealand’s manaakitanga highlighted in China
    Tourism Minister Kelvin Davis heads to China on Friday to lead the New Zealand Government presence at the China-New Zealand Year of Tourism closing ceremony. The ceremony will take place at Canton Tower in Guangzhou on Sunday 10 November. “The Year of Tourism has been mutually beneficial for both New ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Climate change research boost
    Should we plan for drought or deluge and how is CO2 released from the ocean’s floor? Several climate change projects were given a boost in the latest Marsden Fund investment of $83.6 million, Research, Science and Innovation Minister Megan Woods said today. “Climate change is long-term challenge that requires out-of-the-box ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Significant progress on Regional Comprehensive Economic Partnership (RCEP)
    Leaders of 16 countries negotiating the Regional Comprehensive Economic Partnership (RCEP) have announced the completion of negotiation on the text as well as agreement on virtually all market access issues between 15 countries. The leaders said they will work with India to resolve its outstanding concerns in a way that ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Learn how to stay safe on World Tsunami Awareness Day
    Civil Defence Minister Hon Peeni Henare says World Tsunami Awareness Day today (5 November) is a chance for all New Zealanders to learn more about the tsunami risk in our regions and the right actions to take to stay safe. “All of New Zealand’s coastline is at risk of tsunami. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Formal recognition at last for paramedics’ frontline medical role
    New Zealand’s more than 1000 paramedics are to have their role as key frontline health professionals formally recognised and regulated in the same way as doctors and nurses, Health Minister David Clark says. The Government has agreed to regulate paramedics under the Health Practitioners Competence Assurance Act 2003. “Paramedic leaders ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government improving protections for consumers and workers when businesses fail
    Changes to insolvency law announced by the Government today will include requirements to honour up to 50 per cent of the value of gift cards or vouchers held by consumers, Commerce and Consumer Affairs Minister Kris Faafoi says. “When a business is insolvent, these consumers are often left out of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Outstanding public service recognised
    Six New Zealanders tonight received medals for their meritorious work in the frontline public service. The Public Service Medal, established by Her Majesty Queen Elizabeth II, is awarded annually. “For the second year this Government has recognised public servants who have made a real difference to the lives of New ...
    BeehiveBy beehive.govt.nz
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  • Global trade, business promotion focus of Shanghai meetings
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