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Sovereign debt

Written By: - Date published: 10:55 am, March 10th, 2010 - 42 comments
Categories: Economy, International - Tags: , , ,

The world’s economy has not truly recovered from the recession, it has just been artificially reanimated by vast injections of Government bailout money. Capitalism has been rescued by good old fashioned Socialist Big Government, and the bill is being sent to we the taxpayers. What if we decided not to pay? The people of Iceland just said “No”.

The background is complicated (Wikipedia has a good summary). When Iceland’s economy collapsed in 2008-2009 their three main commercial banks failed. 400,000 “Icebank” customers in the UK and the Netherlands were bailed out by their governments under a deposit insurance scheme, and Iceland ended up 3.8bn euros in debt to those countries. With a population a little over 300,000 that’s about 12,000 euros (over NZD 23,000) per person.

Understandably this is a huge political issue in Iceland. The attitude of the average citizen is – why should we pay for the stupid, and often criminal mistakes of financial speculators. (“Public outrage has been brought to a peak by the fact that there are now 43 cases of alleged criminal activity under investigation in connection with the country’s scandal-hit financial institutions”). So in a referendum on March 6th, 93% percent of voters opted not to repay. This is an international bombshell:

British fury after Iceland blocks £2.3bn repayment

Iceland’s president stunned his nation yesterday by refusing to sign off on a plan to repay £2.3bn owed to the British taxpayer, reigniting a major diplomatic row with London and leaving Gordon Brown and Alistair Darling mortally embarrassed at the latest twist in the saga of Reykjavik’s banking meltdown.

Where the people of Iceland have led, will others follow?

On Saturday Icelanders became the world’s first rebels against the idea of clearing up after the mess made by a reckless private bank. This popular insurrection has been watched anxiously by the governments in Greece, Ireland, eastern Europe and even Britain concerned that this defiance could become contagious.

This highlights the fundamental weakness of the world economy. Once nations start defaulting on “sovereign debt”, the whole house of cards could come tumbling down. Most commentators pick Greece as the next crisis point:

The Greek prime minister George Papandreou is embarking on a whirlwind tour of western capitals to drum up support for his crisis-stricken country. Beginning today in Berlin, where he will meet the German chancellor Angela Merkel, before travelling on to Paris and Washington DC for talks with presidents Sarkozy and Obama, Papandreou’s diplomatic offensive will determine whether Greece can secure help from its fellow eurozone members or whether the IMF will eventually be called in. What’s at stake is no longer just Greece’s creditworthiness, but also Europe’s credibility.

Whether the inevitable is temporarily delayed by another round of bailouts or not, eventually the bill will arrive, and people will be faced with the same decisions faced by Iceland. If Greece defaults, the consequences are huge:

Greek tragedy may be dress rehearsal for bigger crisis

In December I noted that if Greece was left to default on its bonds (without a bailout) this would lead to skyrocketing interest rates on Irish, Italian, Spanish and Portuguese debt followed by a nightmare domino-effect sovereign debt collapse/national bankruptcies across the entire eurozone. Carl Heinz Daube, the head of German’s debt agency Finanzagentur told the Euromoney bond congress in London that “if one member of the eurozone were to step out for any reason, this would be a collapse of the entire system.”

What Daube failed to mention, however, is an even more serious issue: Greece, by any means, only represents the tip of the iceberg of what is a much wider sovereign debt crisis that could soon catch fire across most of mainland Europe, Britain and the United States. So, with or without a bailout of bankrupt Greece, the same fate could soon befall other too-large-to-bail nations.

Another example:

It began in Athens. It is spreading to Lisbon and Madrid. But it would be a grave mistake to assume that the sovereign debt crisis that is unfolding will remain confined to the weaker eurozone economies. For this is more than just a Mediterranean problem with a farmyard acronym. It is a fiscal crisis of the western world. Its ramifications are far more profound than most investors currently appreciate.

Will the people of Greece see Iceland as a precedent and a role model? If Greece defaults, brace yourselves for a “sovereign debt crisis that could soon catch fire across most of mainland Europe, Britain and the United States”. The next crash will make the recent recession look like child’s play.

42 comments on “Sovereign debt ”

  1. SPC 1

    Debt default is to some extent dependent on the ability to finance ones continuing deficit.

    It’s hard to borrow to finance a deficit as large as that of Greece, if one has defaulted on past debt (which is why Greece is waiting for a EU rescue package, which is a precedent for Portugal and Spain and possibly Italy – which is why Germany is reluctant).

    Lenders can of course determine to charge a tariff on loans to nations that default and transfer the tariff pool into a kitty to repay those lenders whose loans were defaulted on. This only requires co-ordination and global agreement.

    If there is a global economic threat from debt default – then all the more reason to develop a global plan to prevent it, or cope with it. That said a global FTT makes a lot of sense and that has yet to occur either.

  2. tsmithfield 2

    Smaller economies like Greece, Iceland etc can probably be contained. If the worst comes to the worst, they are able to go to the IMF for help. The big worry is economies like Spain that are in a similar situation. Europe is looking at setting up its own equivalent of the IMF to help member countries that are in trouble.

    http://www.economist.com/blogs/freeexchange/2010/03/european_monetary_fund

    Sovereign nations with their own currencies can always print more of their own currency and devalue the debt. That is why the US or UK are highly unlikely to default on their debts. Of course, that has the disadvantage of being highly inflationary within their own economies.

    Euro member countries are not in this position because they trade in the Euro which is a currency they can’t print to devalue their debts. Thus, it seems likely that something like the IMF will emerge to increase financial stability in Europe.

    • prism 2.1

      Very informative ts thanks. Thinking back, in the background of the rise of Germany’s Nazis was the heavy debt burden and out of control inflation they had after WW1. The Nazi party presented a strong way out of the morass to the struggling populace. I hope that other nasties don’t arise in the wake of this crap.

      • HHK 2.1.1

        The Weimar Republic largely had inflation under control, and the economy was stabilizing and the support for the extremist parties (both left and right) was falling off. That is, until the ’29 market crash hit Germany.

        • prism 2.1.1.1

          Wow is that so. My history is hazy about post-WW1 – I’ve got to set some time aside to read up books I’ve bought about it. Didn’t know they were on top of it at that time. The knowledge of what happened after the great crash must have been a big factor in deciding to bail out some of the important financiers to prevent that sort of meltdown.

  3. vto 3

    This is the start of the second bottom of the ‘W’ depression that many saw coming.

    Buy gold and hang on tight folks… The people are revolting.

    I get pissed off too (taxpayer) when other people (politicians) get me into debt that was not requested or mandated.

    I suspect the banking bailout will be seen as a doddle when compared to trying to control this situation.

    • pollywog 3.1

      I remember when an ounce of weed cost the same as an ounce of gold. Weed price has stayed relatively the same, gold has skyrocketed. Maybe i should have bought gold instead, but then i probably wouldn’t be so enlightened 🙂

      • vto 3.1.1

        ha ha polly. Still, both are tradeable commodities which is all gold is about when paper and political currencies go soggy in the downpour …

        • Draco T Bastard 3.1.1.1

          Money: An abstract representation of perceived value.

          The rush to buy gold is to try and make that illusion of value concrete.

          • vto 3.1.1.1.1

            Draco, value is not a perception or illusion. Value is, I would have thought, a way of measuring an exchange. The illusion you talk of just manifests itself as soon as an intermediate method of transacting that exchange is brought into the picture, whether gold or paper or weed, rather than direct barter. And that is just because of the many variables that can affect that method of exchange.

            Various methods of exchange have various characteristics – national currencies can vary depending on politics, gold has characters which tend to withstand political heatwaves, weed just ends up going up in smoke, etc.

            anyways, I’m sure I aint saying anything new here

            • Draco T Bastard 3.1.1.1.1.1

              value is not a perception

              Of course it is. How much is a glass of water worth? To someone in Auckland the answer is not a hell of a lot. To that same person in the middle of the Sahara it’s priceless. The glass of water hasn’t changed – only the persons perception of that glass of water.

              It’s this changeable perception combined with the abstraction that is money that turns it into illusion. The rush to buy gold in economic downturns is an attempt to turn that illusion of wealth into solid reality.

              gold has characters which tend to withstand political heatwaves,

              Yes, it’s solid. Not of much use though which is why so much of it is locked away in vaults. Doing so keeps it scarce and it’s money price high when, in reality, it isn’t worth that much.

              • vto

                Maybe we talking past each other. By perception you mean more that value is subjective. A person’s perception of the value of a glass of water in Auckland may be different to a person’s perception in the Sahara but they are both real.

                My original point was that gold is useful for facilitating trades when paper and political currencies are being flushed down the dunny… for reasons associated with gold’s particular characteristics.

                If you had $10k in NZD under the mattress how useful will that be when a loaf of bread costs $100? Whereas, if instead you had todays equivalent of $10k in gold when you went to buy that loaf of bread how many micromilligrams of gold shavings do you think it would take to get the baker to part with his precious loaf?

                Sheesh, even potatoes would be a better trading tool than paper currency then. Bag of spuds for a loaf of bread = same ‘cost’ as today.

              • Puddleglum

                Underpinning our concept of what is real is the linked concept of stability – i.e., the real persists (the old philosophical saw had it that to be real was to be extended in space and time – i.e., to persist over space and time). Something that is one thing one moment (or one place) and something else the next undermines that criterion for reality. When value can shift so rapidly for unpredictable reasons people will increasingly feel that value itself is illusory (some of the odd objects that get traded on Trade Me for extraordinary prices come into this category).

                One of the consequences of market capitalism is the undermining of the stability of valuations (‘creative destruction’ has rather a lot more to do with destruction than creation, actually). This is why many of us have vague but increasingly potent experiences of unreality and confusion, but that’s another argument (hint: to establish and maintain personhood similarly requires stability along certain developmental dimensions. Market capitalism undermines those dimensions as well – don’t you just love it?.)

                The notion that value is subjective yet real aligns with Hayek’s repeated claim that liberalism is the only viable non-coercive political ideology because human valuation is so diverse (i.e., we all, as individuals, value different things so there is no common end-state that we are likely to agree upon – hence, collectivism is inevitably coercive. Value is ‘real’, as it were, but only within each individual. Between individuals it is negotiable – or exchangeable).

                Markets supposedly settle the problem of how to ‘regulate’ this diversity of valuation. Personally, I think Hayek was simply mistaken in this central claim. Stable valuation across and within generations is probably what human culture evolved to achieve. The evidence suggests it did so very well for many tens of millenia.

                Sadly, what market capitalism actually does is undermine the reality of value by highlighting it’s lack of stability and accentuating that instability. That’s not quite right. It’s lack of stability, as I’ve just claimed, is not inherent to value (for most of human history, cultures have been remarkable vehicles for creating stable valuation, as I’ve just said). The current instability in valuation is simply a result of the structures and processes that pass under the name of modern market capitalism (the fact that market ideology is often just cover for old-fashioned corruption and power simply compounds the instability – i.e., value can’t even be properly understood using market concepts because the ‘markets’ are often thoroughly distorted by private power).

                The problem, of course, is that humans are actual ‘real’ beings. We persist, physically and biologically. Unfortunately, our persistence ‘as persons’ (as distinct from ‘as human beings’) rests on the assumption of stable and predictable valuations (as persons, we are ‘Moral Animals’). That’s the ‘material’ out of which those things we call persons (i.e., each other) are made. Take away that stability in valuation and … but how far down the rabbit hole do you want to go?

                The more market, the less ‘humanity’. Almost the exact opposite of Hayek’s conclusion.

  4. prism 4

    Some areas in the USA have become economically depressed when their ability to keep trading in their traditional manufactures has been wrecked by international trading changes and have filed for a sort of bankruptcy. This happened some years ago, and the case has been made for the right of political entities to be able to access the same rights to cut their losses as private businesses have and use often.

    • vto 4.1

      I agree with the general idea prism. The push for this ‘bankruptcy’ though will come from the people not the politicians. The people will simply start to stop paying their taxes. Thn it gets interesting… as the only way to enforce tax payment is through physical sanction (you know, throw people in jail, take away their property) and the jack-boots of the state can only stretch so far.

      As far as I am concerned the lenders who demand repaymnt are just as complicit as the borrowers who now cannot repay.

      It is just like the finance companies in NZ. The investors got greedy for the extra 2% per annum and plied them with money unthinkingly. Then the investors all act like lemmings and charge over the cliff in fright demanding their money back while they drag the finance company with them to the rocks below.

      Then the finance companies get all hot and bothered and start demanding the impossible from their borrowers. Witness Allied Farmers Rob Alloway getting all high and mighty recently. Only thing is, the Alloway bozos had already slungshot their borrowers to the rocks below before them due to the lemmings which hed the charge.

      The investors and the finance companies and the borrowers all went into the happy-times-business together with eyes wide open. Now the financial climate has COMPLETELY CHANGED via many different routes, and due to the actions of all involved (investors, finance companies, borrowers). And also due to the swings of the world that are completely unrelated to investors, finance companies, and borrowers. The investors need to get real that the method of their repayment was premised on certain financial conditions which now no longer exist. it has all changed.

      And so it goes for the sovereign debt issue. The debt was issued and repayment expected on the premise of certain financial conditions existing. The creditors will now not be repaid in the same manner because that base premise has gone up in smoke. There gonna be some biffo over it though methinks.

      enough 2c.

  5. blinded by the right 5

    I’m confused. So are Government stimulus packages (being bailout money) good? Or bad?

    Opinions seem to differ…

    • r0b 5.1

      No time to chat right now bbtr, but in short form, in my opinion…

      Government stimulus to the real productive economy / “Main Street” (especially counter cyclical Keynsian) is good.

      Government bailout to failed financial institutions / “Wall Street” is bad. Let them fail. Yes there is plenty of short term pain but it’s probably the only way to a healthy and sustainable economy long term.

      • Bright Red 5.1.1

        oh a subtle answer… don’t you understand, r0b… either everything governments do is always good or its always bad 🙂

        • Rob 5.1.1.1

          Well there has been no subtlety to date in regards to this subject , especially with the Govt’s decision here to be restrained. Its been pretty black or white. The NZ Govt have been accused of do nothing. If you actually look at how stimulous money has been distributed in Aus and USA, it has been a completely untargeted joke. The reality of these programmes were short sighted attempts to subsidise consumer spending, for example in Wisconsin they were giving rebates on snow ploughs to keep the local manufacturers competitive. This is whatt happens when Govt officials make spending decisions with a completely unmanaged open cheque book.

          The fact is this is not the end of it by any means. Whatever previous models people are rolling out here as a case study for action is flawed thinking.

          • prism 5.1.1.1.1

            Governments can do strange things with finance completely counter to the attitude and sermons they present to citizens.
            I’m thinking of an interview I heard from the lips of the financial controller revitalising the Iraqi economy. After the Iraq war was supposed to be over the USA organised a container of banknotes, I presume Iraqi but maybe USA dollars, and handed them out to various ‘businessmen’. It was Iraqi money that had been frozen as part of sanctions I think. Goes against all the homilies about good business practice and governance.
            Is this right – that’s what I remember but it does sound fantastic.

  6. ghostwhowalksnz 6

    The referendum wasnt about not paying , merely the terms of the repayment.

    The people of Iceland seemed to think they were refusing as well

  7. Draco T Bastard 7

    When you loan someone money you’re taking the chance that you’re not going to get it back. This is what allows you to charge interest. Part of the cause of the latest bubble was the belief that governments would bail everybody out by borrowing (which they did) and that governments never default. Once governments start defaulting then the entire fiasco falls down as there suddenly isn’t any guarantees behind it.

    Under normal circumstances, loaning out money, especially on non-productive asset’s such as houses, should be a fast track to poverty but the rules got written by the people wanting to become rich the easy way and so all the rules support that position.

  8. tc 8

    Spot on r0b……the wall street mob should’ve been left to rot, they and their cohorts created the crises and all the bailout’s done is prop up a broken system for the cycle to commence again…..seen all those bonuses being paid out already again, no recession for the wealthy bankers.

    So now the inflationary impact of all that gov’t dosh is feeding through, manufacturing capacity outside China’s a shadow of it’s former self, consumerism’s created massive trade imbalances and we’re running out of oil to move the products around the globe.

    All of this and a gov’t that thinks intensive farming/mining/cycleways is the cure all but that’s what a banker would think isn’t it…..how’s that brighter future coming along eh?

    • I recall listening to an interesting ecomomist (details now forgotten sorry) who advocated the paying down of debts owed by ordinary people rather than the bailing out of the corporates. The pay down could help people get back on their feet but only enough would be paid to stop the lender from slipping into insolvency. The corporate shares would still be worthless.

      Instead backing up Wall Street has put the bsatards back on their feet ready to wreck more havoc.

      • poverty ahead 8.1.1

        mickey, you cannot be naive enough to think they did not plan it that way surely.
        i mean if they give money to the people how can they starve them again and again and again.

        no fishing rods for us folks, just stand in line and buy your mcfillet

  9. Bored 9

    Lovely to see people agreeing with one another above about what has happened. Its actually more tragic, its the inversion of the “golden rule”. That normally goes, “he who has the gold makes the rules”!

    The tragic bit is that the rule makers with the gold (Wall St etc) went bust….and somehow managed to get those in whose name gold could be created in (us, the taxpayer) to magic them up more gold. They then set off making the rules and ruling us again…..so the Icelandic revolt is really an overt uprising against giving those who have money power (the banks). Hold on to your seats ladies and gentlemen, turbulence coming up (worldwide).

  10. Rob 10

    There is also a real depth of feeling in the US about how badly the stimulous was done and how much it cost and how little improvement they have seen. They are now having to fund a massive debt as well as cope with a major economic reshuffle.

    The answer to this issue was not to throw money at everything, we are going to have naturally go through the pain and there will be more to come and there is no more money to buy the way out. All that has happened is a delay.

  11. Sounds like as good an excuse as any for a world war. Nothing distracts the punters like a bit of blood letting, not to mention it’s great for the economy and the politicians.

    How about 20/12/2012 for a start date ?

  12. Bill 12

    Big elephant under the carpet missing from the post. Le Monde Diplomatique has a short piece that drags the elephant into plain view. I still wonder if Johnny Boy and his mates have dabbled in similar dodgy shit with our money hoping for a big pay day.

    States rescued the banks in country after country, neither asking nor getting anything in return. The banks are now using their newfound strength against the state, threatening to reveal the accounting tricks the banks themselves had recommended to hide some of the debt. After all, interest rates on loans are higher when the financial reputation of the state is in question.

    So Goldman Sachs first helped Greece to borrow billions of euros in secret, and then told it how to get round the European restrictions on public debt. The bill for this groundbreaking financial advice was subsequently added to the huge Greek deficit (1). And the winners and losers? Lloyd Craig Blankfein, CEO and chairman of Goldman Sachs, received a $9m bonus; Greek civil servants will lose the equivalent of a month’s salary each year.

    http://mondediplo.com/2010/03/01banks

    • Boonly possibelred 12.1

      You are onto it Bill, its as said before the “golden rule”…..the only possible answer is to ensure that fractional banking is severely regulated, and the creation of money the affair of local sovereign government through their own Reserve Bank.

  13. poverty ahead 13

    at 2:33 approximately in this video is a very scarey number that i do not recall being announced by our leaders$9 billion USD
    and it is an interest bearing loan, god knows at what rate

    • Bill 13.1

      So…sometime in 2008, the Central Bank of NZ borrowed or entered into some sort of liquidity swap to the tune of US$3000 for every man, woman and child in this country. And they then lent that US$9 billion to banks and financial institutions within NZ because of something to do with bringing down interest rates in US$ markets?

      And we will all pay interest on the US$3000 repayments.

      That’s what Bernanke said. That’s not a swap in any way that I understand the term. That’s a swap with a purchase thrown in on top from what I can understand.

      Does somebody want to tell me this is all normal practice and not dodgy; that it isn’t essentially you and me throwing a whole heap of money at banks and their markets for no good reason other than that the banks said it would be a good idea?

      • because 13.1.1

        that is all the bail outs were. money given to banks, not money loaned for debts. the world is bankrupt people, the sooner it acknowledges that the better

        • Draco T Bastard 13.1.1.1

          the world is bankrupt people,

          Well, the banks are anyway, financially and morally, and that’s why they’re trying to get us to pay them more money even though it’s their delusional financial actions that have brought us to this point.

      • vto 13.1.2

        Hang on. hang on… Bernanke said these swaps involved money from the USA going to NZ and money from NZ going to the USA (he used Britain as an example). So, if NZ gets charged interest for the USD, then surely so too does the USA get charged interest for the NZD…

        and our interest rates are higher so we should surely come out ahead?

        I mean, that is what he said, that Bernanke fulla …

        • Bill 13.1.2.1

          But how quick or how long do you think it will take the US to repay NZ and visa versa?

          And what level of difficulty are or have been encountered in recovering the $US9 billion that the NZ reserve bank loaned to private financial institutions? Chunks of that money could have found their way to any one of a number of bottomless black pits…which will add to any tax payer burden of repayment to the US.

          It’s just a have that injects tax payer money into a banking system addicted to gambling from what I can see.

    • Draco T Bastard 13.2

      It was mentioned in the news at the time but not in that much detail. I remember thinking that there was something missing from the deal – it appears to be the interest charged for the “swap”.

      • because 13.2.1

        the rest of the videos on those hearings are chilling in the [willing] ignorance of exactly
        where USD$12 trillion dollars has gone
        this is an immense sum of money but you’d think they were talking about chump change

        captcha: scraps
        – awesome roflmfho

  14. BLiP 14

    Interesting release from Wikileaks in relation to the loan agreement.

    We think it unwise, however, to encourage the perception that this arrangement
    would, in effect, return a profit to the Governments of the United Kingdom and the
    Netherlands for the monies expended to repay depositors in those countries at the
    expense of the Icelandic taxpayer. The last communication from the British and
    Dutch negotiators proposed that Iceland pay a margin (in effect, a profit element)
    of 2.75 percentage points above the cost of the funds expended for this purpose
    for the last four years of the six-year loan.

  15. Quoth the Raven 15

    Sort of related: The Keynesian Project Is Psychotic

    What households need is less debt, not more. Only a psychotic believes Americans can afford more debt, that they need more houses (how about the 19 million we already have which are empty?), that inflation is benign (local government junk fees, tuition, medical costs, garbage collection, sales taxes, vehicle registration fees, etc., are rising at double-digit rates) and that the “solution” to the Great Recession is a massively pernicious and destructive ZIRP/QE policy.

    and a good piece on sovereign debt.: The Global Debt Crisis

  16. The Chairman 16

    Max Keiser on Greece

    [audio src="http://ia360927.us.archive.org/2/items/MaxKeiserOnAthensRadio104.4Fm-08March2010/Max_Keiser-ATHENS-RADIO.mp3" /]

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    George Thomson*, Nick Wilson, Janet Hoek, Andrew Waa, Richard Edwards In this time of Covid-19, helping people who smoke to quit their addiction has an even greater importance. Smokers are more vulnerable to many harmful health effects, including severe effects from the virus. Policies that support people who smoke to ...
    SciBlogsBy Public Health Expert
    1 day ago
  • The Fog Of Economic Policy Is Starting To Clear…
    Bryan Bruce, https://www.facebook.com/www.redsky.tv, 19 September 2020 National’s economic policy of temporary tax cuts yesterday proved, if proof be needed, that they are unapologetic neoliberals. While their claim that with more money in their pockets people will spend more might sound attractive, the reality is that tax cuts always benefit the ...
    Closing the GapBy Tracey Sharp
    1 day ago
  • Skeptical Science New Research for Week #38, 2020
    Highlighted article: Carbon pricing and planetary boundaries  Engström et al take what might be called a systems approach to evaluating carbon pricing, taking into a account various economic sectors affected by and affecting paying for emissions. The conclusions are overall a rare pleasant surprise— a feature predicated on cooperation.  Abstract: ...
    2 days ago
  • Humans ignite almost every wildfire that threatens homes
    Nathan Mietkiewicz, National Ecological Observatory Network and Jennifer Balch, University of Colorado Boulder CC BY-ND Summer and fall are wildfire season across the western U.S. In recent years, wildfires have destroyed thousands of homes, forced hundreds of thousands of people to evacuate and exposed tens of millions to harmful ...
    SciBlogsBy Guest Author
    2 days ago
  • Climate Change: China steps up
    China has increased its climate change ambition, and set a target to be carbon-neutral by 2060: China will reach carbon neutrality before 2060 and ensure its greenhouse gas emissions peak in the next decade, Xi Jinping has told the UN general assembly. “China will scale up its intended nationally ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Humans have dealt with plenty of climate variability
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz How much climate variability have humans dealt with since we ...
    SciBlogsBy Guest Author
    2 days ago
  • Indigenous perspectives on unrestricted access to genomic data
    By Genomics Aotearoa researcher Maui Hudson, University of Waikato It is vital that genomics research respects genomic data and genetic heritage from indigenous communities. Genomics research is a rapidly growing field of study, and there is a strong push to make the huge amount of data being produced open ...
    SciBlogsBy Genomics Aotearoa
    2 days ago
  • Terrible luck: lockdowns on learning and youth job prospects
    What is bad luck? Bad luck is spilling spaghetti sauce down your shirt right before an important meeting. When the person in front of you gets the last seat on the bus, that’s bad luck. Bad luck is when it’s sunny outside, so you leave the house without a coat, ...
    SciBlogsBy Guest Author
    2 days ago
  • Ian Powell: Does private healthcare threaten public healthcare in New Zealand?
    Is the private health system impacting negatively on the public health system? Health commentator Ian Powell evaluates a recent NZ Herald article by Natalie Akoorie (“Public v private healthcare: Moonlighting, skimming, duplication – should NZ do better”), and looks at how the dual system works, and concludes that the answer ...
    Democracy ProjectBy bryce.edwards
    2 days ago
  • A rabbit-hole election debate: So do you want more avocado orchards?
    We live in strange and unusual times. It’s been a century since we’ve endured a global pandemic like this, more than half a century since we’ve had economic woes like this. So maybe we got an opening election debate for the times - because that was a strange and unusual ...
    PunditBy Tim Watkin
    2 days ago
  • LIVE: Jacinda Ardern vs. Judith Collins, First Debate
    Tonight, The Civilian will be live-blogging the first of too many debates between Prime Minister Jacinda Ardern and National Party leader Judith Collins, and also the last fifteen minutes of the news. Be sure to tune in from 6:45pm for regular updates, which can be accessed by refreshing this page ...
    The CivilianBy admin
    3 days ago
  • Hundreds of Aucklanders arrested after illegal mass gathering on Harbour Bridge
    An enormous drive-in party, shown here, was held this morning on Auckland’s Harbour Bridge, where police were forced to intervene. Hundreds of Aucklanders were arrested this morning on public health grounds, after an apparent illegal mass gathering on the city’s Harbour Bridge. Police say hundreds of Aucklanders gathered in their ...
    The CivilianBy admin
    3 days ago
  • The Looming Fight.
    Social Distancing Be Damned - It's Jacinda! Shortly after ascending to Labour’s leadership, Jacinda described herself as a “pragmatic idealist”. It was an inspired oxymoron – packing into just two words the essence of the social-democrat’s dilemma. It was good to know that she knew what lay ahead of her. ...
    3 days ago
  • Climate Change: Moving faster
    Back in 2017, the UK announced that it would ban the sale of new fossil fuel vehicles by 2040. Its a basic climate change measure, aimed at reducing emissions by shifting the vehicle fleet to cleaner technologies. Now, in the wake of the pandemic, they're planning to bring it forward ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • The Australian courts have had enough of refugee detention
    For the past decade, Australia has had a racist, anti-refugee policy. Those claiming refugee status are imprisoned without trial and left to rot in the hope they would "voluntarily" return to be tortured and murdered. When the courts have granted them visas, the government has immediately revoked them on racial ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • Friction and the Anti-lock Braking System
    Yesterday afternoon I had to call on my car’s anti-lock braking system (ABS). For reasons best known to its driver, a car pulled out of a side road right in front of me while I was driving home after work, and I needed to stop in a hurry. I rather ...
    SciBlogsBy Marcus Wilson
    3 days ago
  • The Inside Word: New Zealand Quarantine
    There are a fair few misconceptions about conditions within New Zealand’s Quarantine Hotels. Madeline Grant’s misplaced accusations being one prominent example, though she is not alone. Today, I thought I’d share the inside word, so to speak. A friend of mine has recently returned to New Zealand from overseas, and ...
    3 days ago
  • Hard News: ASA: Let’s not talk about this
    Last week, major newspapers carried a full-page ad as part of the campaign for a "No" vote to the referendum question about supporting the Cannabis Legalisation and Control Bill. The ad was authorised by the SAM NZ Coalition, which takes its name from a controversial American anti-cannabis group and includes ...
    3 days ago
  • This is not kind
    New Zealand has a serious homelessness problem, due to skyrocketing rents and a lack of state houses. One of the ways we stick a band-aid on it is to put people up in motels. Previously, they were charged full commercial rates, saddled with odious debt due to the government's failure ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • Wokies are the establishment
    by Ani O’Brien In the absence of a better word with which to refer to the rabid activists who claim progressivism while demanding adherence to an increasingly prescriptive set of political beliefs, I call them “woke”. With its roots in Black American slang, the term originally denoted a person or ...
    RedlineBy Daphna
    4 days ago
  • How to strengthen the post-isolation Covid rules
    Over the weekend, the Ministry of Health reported a case of Covid-19 in Auckland that is not related to the current Auckland cluster. Before we start to panic, here’s how I think the case happened and how we can strengthen our current border controls. The new Covid-19 case is someone ...
    SciBlogsBy Siouxsie Wiles
    4 days ago
  • Neuralink and You: A Human-AI Symbiosis
    Becky Casale Elon Musk reckons his Neuralink brain implant is much more than a medical device–that one day it will drive a symbiosis between humans and artificial intelligence. “Good morning! I’m Dr Benedict Egg and I’ll be supervising your Neuralink insertion today. Do you have any questions?” “Yes, Doc. ...
    SciBlogsBy Guest Author
    4 days ago
  • Liam Hehir: Our obsession with American politics
    Many New Zealanders take a strong interest in US politics, with the death of Supreme Court Judge Ruth Bader Ginsberg being the latest example. Liam Hehir wonders if it very wise for New Zealanders to get so worked about it.   Many politically engaged New Zealanders are now furiously ...
    Democracy ProjectBy bryce.edwards
    4 days ago
  • COVID: Back to Level 1
    After stamping the Coronavirus out via strict lockdown between March and May, New Zealand went through a good three months without any community cases. Then a local outbreak in Auckland rather buggered things up last month. Auckland’s been in level 3 and level 2.5 for the past six weeks. ...
    4 days ago
  • Climate Change: Climate injustice
    Who's causing our skyrocketing emissions? As with most of our other problems, It's the rich: The wealthiest 1% of the world’s population were responsible for the emission of more than twice as much carbon dioxide as the poorer half of the world from 1990 to 2015, according to new ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Good riddance
    The border closure and resulting lack of foreign slave-workers is driving the fishing industry out of business: One fishing company is effectively out of business while others are bracing for large financial hits as the deepwater New Zealand industry, unable to get skilled foreign workers into the country, have ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • 2020 SkS Weekly Climate Change & Global Warming Digest #38
    Story of the Week... Toon of the Week... Coming Soon on SkS... Climate Feedback Claim Review... SkS Week in Review... Poster of the Week... Story of the Week... The tipping points at the heart of the climate crisis Many parts of the Earth’s climate system have been destabilised by ...
    4 days ago
  • Anyone for Collins?
    In the absence of national public opinion polls, we have had to make do in recent weeks with other guides to voter intentions. Those guides, such as the Auckland Central poll, the incidence of google enquiries and the responses to Vote Compass questions, have suggested, not unexpectedly, that Labour is ...
    Bryan GouldBy Bryan Gould
    4 days ago
  • Crusher’s fiscal malfunction
    Crusher Collins - National Party leaderWe all know that the National Party is desperate to gain some traction during this election campaign and have been throwing pretty much everything at the Labour Party in order to try and undermine Jacinda Ardern and what the Coalition Government has achieved. But unfortunately ...
    4 days ago
  • Much of the commentariat’s reporting of the most recent GDP figure was misleading and unhelpful. The prize for the stupidest remark about the GDP figure for second quarter 2020 (2020Q2) released on Thursday (17 Sept) goes to Judith Collins, whose response to Grant Robertson’s comments indicated she did not ...
    PunditBy Brian Easton
    5 days ago
  • Love and Hate as Complementary Revolutionary Acts
    by Gearóid Ó Loingsigh goloing@gmail.com (19/09/2020) Che Guevara said that a true revolutionary is motivated by love i.e. love of the oppressed, the poor, the children dying from preventable illnesses. This phrase of his is true but has been used by reformists and their more hippy wing have taken advantage ...
    RedlineBy Admin
    5 days ago
  • 2020 SkS Weekly Climate Change & Global Warming News Roundup #38
    A chronological listing of news articles linked to on the Skeptical Science Facebook Page during the past week: Sun, Sep 13, 2020 through Sat, Sep 19, 2020 Editor's Choice Get to Net-Zero by Mid-Century? Even Some Global Oil and Gas Giants Think it Can Be Done A report by a ...
    5 days ago
  • Tax cuts for all!!! (except you, you, and you)
    With the National Party this week announcing a new policy of tax cuts to spice up the election campagin. MyThinks went along to the launch and afterwards we spoke to the party’s finance spokesperson Paul “Golden Touch” Goldsmith. MT: Thanks for speaking to us Mr Goldsmith. PG: No. Thank you. ...
    My ThinksBy boonman
    6 days ago
  • Great Waves Washing Over New Zealand
    Always to islanders danger Is what comes over the seas ‘Landfall in Unknown Seas’ (Allen Curnow)Six economic issues external to New Zealand, which will greatly impact upon us. 1.         The Diminishing Global Dominance of the US. Since 1941 America has dominated the world economically and politically. Probably it could ...
    PunditBy Brian Easton
    7 days ago
  • New Zealand has role to play in resolving crisis on ‘geopolitical fault line’, Helen Clark says
    By Geoffrey Miller New Zealand should continue to champion human rights in Belarus amidst an ongoing crackdown on protests by the country’s regime, former Prime Minister Helen Clark says. Protests in the country often referred to as ‘Europe’s last dictatorship’ erupted after the country’s disputed presidential elections on August 9 ...
    Democracy ProjectBy Geoffrey Miller
    7 days ago
  • Euthanasia referendum: How to cut through the emotions
    Jacqui Maguire, registered clinical psychologist This podcast episode highlights how difficult it is to have effective conversations about euthanasia due to how polarised people’s views are. I’m a clinical psychologist, with a passion for science communication. In early 2020 I founded the podcast Mind Brew, with an aim to make psychological ...
    SciBlogsBy Guest Author
    7 days ago
  • Why we need cameras on boats
    In case anyone needed further convincing, there's another example today of why we need cameras on fishing boats: reported seabird bycatch doubled during a camera trial: Commercial fishers operating off Auckland's coast around vulnerable seabirds are twice as likely to report accidentally capturing them when cameras are on ...
    No Right TurnBy Idiot/Savant
    7 days ago
  • Graham Adams: The religious right’s campaign to spike the euthanasia referendum
    In the leadup to the euthanasia referendum, an array of conservative Christian political organisations is running an expensive campaign to sow doubt about the safety of assisted dying. Graham Adams argues that these religious forces know that Christian arguments aren’t convincing the public, but that it is in the public ...
    Democracy ProjectBy bryce.edwards
    7 days ago
  • Opportunistic looting
    The National Party has spent the last six months acting horrified at the cost of supporting people through the pandemic and banging on about how the debt must be repaid. So what was their economic policy released today? Massive tax-cuts for the rich, of course! National has walked back ...
    No Right TurnBy Idiot/Savant
    7 days ago
  • Uncomfortable Choices.
    Dangerous Times: This will be the choice confronting those coming of age in the 2020s. Embrace Neoliberalism’s belief in racial and sexual equality; adopt its secular and scientific world view; and cultivate the technocratic, multicultural, global outlook required of those who keep the machinery of hyper-capitalism humming. Or, throw your ...
    7 days ago
  • Tony Burton: Covid and benefit payments
    It would be a great time to reform the benefit system, according to former Deputy Chief Economic Advisor at the Treasury, Tony Burton. He argues the complexity of benefit system means that it’s failing to achieve its difficult three core objectives, which form an “iron triangle”.   New Zealand’s benefit ...
    Democracy ProjectBy bryce.edwards
    7 days ago
  • Talking tax: How to win support for taxing wealth
    Tax Justice UK, September 2020 Serious tax reform is on the political agenda for the first time in decades due to the coronavirus crisis. As this debate hots up it is important to understand what people think about public spending, wealth and tax. Tax Justice UK, along with Survation and ...
    Closing the GapBy Tracey Sharp
    1 week ago
  • Getting Tough.
    Not Mucking Around: With upwards of 800 dead from the virus’s resurgence in the Australian state of Victoria, leniency is not on Premier Daniel Andrews’ agenda. The Victorian Police are cracking down hard on the protesters the Australian press has labelled "Covidiots".IMAGES OF POLICE, some in riot gear, others on ...
    1 week ago
  • Media Link: Nuclear strategy, then and now.
    Although I had the fortune of being a graduate student of some of the foremost US nuclear strategists of the day (1970s) and later rubbed shoulders with Air Force and Naval officers who were entrusted with parts of the US nuclear arsenal, I seldom get to write or speak about ...
    KiwipoliticoBy Pablo
    1 week ago
  • The Chinese List.
    News that Zhenhua Data, an arm of China Zhenhua Electronics Group, a subsidiary of the military-connected China Electronic Information Industry Group (CETC), maintains a list of 800 New Zealanders on a “Overseas Key Information Database” that contains personal information on more than 2.4 million foreign individuals, has caused some consternation ...
    KiwipoliticoBy Pablo
    1 week ago
  • Things that grow fast, and things that surprise us
    Marie Becdelievre January 2020. The number of news article mentioning coronavirus exploded and anxious voices whispered about a global pandemic. Whisper? To me, it was only a whisper. I tend to learn about the world through non-fiction books, conferences, and academic research rather than news and social media, so ...
    SciBlogsBy Guest Author
    1 week ago
  • Skeptical Science New Research for Week #37, 2020
    2,082,476,000,000,000 Viability of greenhouse gas removal via the artificial addition of volcanic ash to the ocean  (not open access, unfortunately) walks us through the numbers on a particular means of CO2 removal, addition of volcanic tephra to the ocean. The mechanism is straight chemistry and the cost is fully an order of ...
    1 week ago
  • Barbados to become a republic
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    No Right TurnBy Idiot/Savant
    1 week ago
  • Party Like It’s 1989: Bait and Switch is a Bad Look, Mr Hipkins
    At the 2017 election, the New Zealand Labour Party promised a Fees Free Policy for tertiary students. Basically, it would make the first year of university education free in 2018, with a second year in 2021, and a third in 2024. It also promised to restore Post-Graduate access to the ...
    1 week ago
  • Will the tropics eventually become uninhabitable?
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    SciBlogsBy Guest Author
    1 week ago
  • A first-hand look: What it’s like to live in a 2020 California wildfire evacuation zone
    This is a re-post from Yale Climate Connections by Daisy Simmons It felt like 100 degrees in my in-laws’ Grass Valley, California, kitchen, but at least the lights were on and for the moment we were safely “distanced” from the Jones Fire. We’d just finished dessert, after pizza and a movie ...
    1 week ago
  • COVID-19 is not the only infectious disease New Zealand wants to eliminate, and genome sequencing is...
    Nigel French, Massey University Genome sequencing — the mapping of the genetic sequences of an organism — has helped track the spread of COVID-19 cases in Auckland, but it also plays an important role in the control of other infectious diseases in New Zealand. One example is Mycoplasma bovis, a ...
    SciBlogsBy Guest Author
    1 week ago
  • A flaw in our electoral transparency regime
    A key part of our electoral funding regime is a requirement for some transparency around donations, on the basis that if we can find out who has bought our politicians (typically after we have voted for them) then everything is alright. There are a lot of problems with that regime ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Don’t Steal This Book
    On “In Defense of Looting” Matt Taibibi takes an entertaining look at this generation of woke activists and how they compare with Abbie Hoffman the iconic anti-Vietnam war counter-culture figure of the 1960s On Thursday, August 27th, the same day Donald Trump formally accepted the Republican nomination, National Public Radio ...
    RedlineBy Daphna
    1 week ago
  • Climate Change: Carbon prices must rise
    When Parliament introduced the Emissions Trading Scheme, it was worried that carbon prices might get too high. So it introduced a "fixed price option", allowing polluters to pay the government $25 in the place of surrendering credits. The result was predictable: after we were thrown out of international carbon markets ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Climate Change: Disclosure
    The government will finally be requiring large New Zealand companies to disclose their climate change risks: New Zealand finance companies will be made to report on climate change risk, Climate Change Minister James Shaw has announced. The policy will force around 200 large financial organisations in New Zealand to ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Tackling the hard issues – trust and relationships
    By Claire Grant, Genomics Aotearoa Communications Manager Community consultation is becoming an increasingly important aspect of research programmes in New Zealand, and with that comes the art of relationship building. Engagement between scientists and user-groups is certainly nothing new. But as stakeholder involvement becomes more of a requirement for science, ...
    SciBlogsBy Genomics Aotearoa
    1 week ago
  • Equality Network – September Newsletter
    Read the Equality Network newsletter here ...
    Closing the GapBy Tracey Sharp
    1 week ago
  • The Left’s Lost Allies.
    Rebels In A Wrong Cause: The truly frightening thing about Jami-Lee Ross’s and Billy Te Kahika’s success in persuading thousands of New Zealanders that Covid-19 is just another trick, just another way of stealing away their power, is realising just how many of them once marched at the Left’s side. ...
    1 week ago

  • Better health care for West Coasters as Te Nikau Hospital officially opened
    The Government has delivered a new hospital for Greymouth and is starting work on a much needed new health centre in Westport, ensuring local communities will benefit from better access to high quality integrated health services. Today, Prime Minister Jacinda Ardern and Associate Health Minister Peeni Henare officially open Te ...
    BeehiveBy beehive.govt.nz
    46 mins ago
  • Government backing local with PGF loan
    A West Coast distillery will benefit from a Provincial Growth Fund investment that will enable it to expand its operations and create jobs in the town of Reefton, Rural Communities Minister Damien O’Connor and Regional Economic Development Minister Shane Jones have announced. The Reefton Distilling Co will receive a $928,000 ...
    BeehiveBy beehive.govt.nz
    3 hours ago
  • Primary sector exports and jobs up again
    Primary sector exports and jobs are up again, demonstrating the sector’s underlying strength amid the COVID-19 global pandemic and US-China trade war, and supporting New Zealand’s economic recovery. Stats NZ today reported New Zealand’s merchandise exports in August were up 8.6% on a year ago, driven by an increase in ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • Clean energy future for more schools
    Schools across Aotearoa New Zealand will be supported by the Government to upgrade to run on clean energy, the Minister for Climate Change James Shaw announced today. The Minister has allocated $50 million from the Clean Powered Public Service Fund to replace, or convert, coal boilers in schools with clean ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • New pest lures to protect nature
    The Department of Conservation (DOC) is investing $1.4 million to develop new predator lures that would be game-changers for trapping and surveillance towards a predator-free Aotearoa, the Minister of Conservation Eugenie Sage, announced in Christchurch today. The proposal is to develop long-life lures attractive to a range of predators—rats, mustelids ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Building business strength with digital tools
    New training and tools for digital commerce will give small businesses, especially in the tourism sector, the support they need to adapt and innovate in a COVID world. Tourism Minister Kelvin Davis and Small Business Minister Stuart Nash have announced details of how $20 million digital capability funding set aside ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Support for innovative Pacific education responses to COVID-19 needs
    Supporting new and creative Pacific education practices as part of our COVID-19 response and recovery is the focus of a new $28.5 million Pacific Education Innovation Fund announced today by Associate Minister of Education Jenny Salesa.  “There is already an incredible amount of innovative and creative work going on in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Eligibility expanded for COVID-19 leave support
    The expanded scheme will cover: People who have COVID-19 like symptoms and meet the Ministry of Health’s criteria, and need to self-isolate while awaiting the results of a COVID-19 test. People who are directed to self-isolate by a Medical Officer of Health or their delegate or on advice of their ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Seasonal work visa available to more people
    The Government is putting in place a range of immigration policy changes to help fill labour shortages in key industries while ensuring New Zealanders, who have lost jobs due to COVID-19, have the chance to find new employment. “Two key sectors we are moving to help are horticulture and wine ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • More border exceptions for critical roles
    The Government has established class exceptions for border entry for a limited number of veterinarians, deep sea fishing crew, as well as agricultural and horticultural machinery operators. “Tight border restrictions remain the backbone of the Government’s border strategy to protect New Zealand against COVID-19 and ensure New Zealand citizens and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Crown will not appeal Dodds v Southern Response decision
    The Crown will not appeal the Court of Appeal decision in the Dodds v Southern Response case, Grant Robertson announced today. “Southern Response will be paying the damages awarded by the Court to Mr and Mrs Dodds shortly. The Crown was already meeting their legal costs for this appeal. “The ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Crucial PGF investments for Northland
    The Provincial Growth Fund is investing nearly $30 million in a diverse range of projects that will create immediate and long-term jobs and lift economic and social outcomes for Northland and its people. Deputy Prime Minister Winston Peters and Regional Economic Development Minister Shane Jones made the announcement today in ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • $27million investment in global vaccine facility
    The Coalition Government has committed to invest $27 million in COVID-19 vaccine development through the global COVAX Facility, Foreign Minister Winston Peters announced today. “The COVAX Facility is a key part of our COVID-19 Vaccine Strategy to obtain safe and effective vaccines. It allows us to invest in a high-quality, ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government backing Māori landowners
    The Government will provide up to $1.69 million through the One Billion Trees programme to Māori landowners to make their whenua more productive through the planting of forests, both native and exotic, and improve economic and environmental outcomes, Forestry Minister Shane Jones has announced. “Around 1.5 million ha of land ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New tools to make nature more accessible
    People planning to head outdoors now have a resource that lets them know how accessible an area is for people with varying levels of mobility, Minister of Conservation Eugenie Sage announced today. The Halberg Foundation, Sensibel, and the Department of Conservation (DOC) have launched Accessibel, a new tool which helps ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • PGF makes Māori history more accessible
    One of the most significant battle sites of the 1860s Land Wars will receive $2.96 million from the Provincial Growth Fund to improve the site and help tell the New Zealand story to visitors, Māori Development Minister Nanaia Mahuta and Regional Economic Development Minister Shane Jones have announced. Nanaia Mahuta ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Making it official: The journey of te reo Māori | Kia whakapūmautia: Ngā piki me ngā heke o te r...
    The journey towards recognising Māori as an official language and taonga has been captured as a web series and launched today during Te Wiki o te Reo Māori, announced Associate Arts, Culture and Heritage Minister Carmel Sepuloni. “Te reo Māori is a living language, and understanding its significance, and pathways to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Better-than-forecast GDP reflects decision to protect New Zealand
    Today’s better-than-forecast GDP figures show the expected impact of the decision to act quickly to protect New Zealanders from the global COVID-19 pandemic. GDP fell 12.2% in the June quarter from March, reflecting decisions to close New Zealand’s borders and enter Alert Level 4. “This result was better than the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Boost for COVID-19 related Pacific education needs
    The Government is investing $39.7 Million over four years to support the educational needs of Pacific learners and families in the regions hardest hit by COVID-19, with Auckland getting an immediate boost, Associate Minister of Education Jenny Salesa says.   “Like all New Zealanders Pacific families want learners to do well ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • More resources for kiwi conservation
    New Zealand’s goal of 100,000 kiwi by 2030 is being helped by an extra $19.7 million in funding to accelerate iwi and community efforts to protect kiwi, Minister of Conservation Eugenie Sage announced. “$19.7 million of Jobs for Nature funding is being invested in kiwi conservation activities including increased predator ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Improving access to affordable electricity
    Ensuring New Zealanders can get the best deal on their electricity takes a step in the right direction today with the South Island launch of the EnergyMate pilot run by the Electricity Retailers’ Association, says Minister of Energy and Resources, Dr Megan Woods. EnergyMate is an industry-led programme providing coaching ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government achieves 50 percent women on state boards
    Minister for Women Julie Anne Genter announced today that the Government has reached its target of 50 percent on women on state sector board and committees – setting a new record level of women on state sector boards. “This Government is committed to having more women in leadership roles - ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Record transport investment to help economic recovery and save lives
    Transport Minister Phil Twyford released today the final Government Policy Statement on land transport (GPS) 2021 which outlines the planned $48 billion investment in services and infrastructure over the next decade. “The final GPS supports our Government’s five-point plan for economic recovery by confirming our record investments in transport infrastructure ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Advancing clean energy technology
    Three ambitious and cutting-edge research programmes that will lift New Zealand’s advanced energy technology research capability over seven years, have been supported by Government today, says Research, Science and Innovation Minister Megan Woods. The projects will each receive a share of $40.7 million investment from the Strategic Science Investment Fund. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Major milestone reached in Pike River Re-entry
    The critical area for forensic examination known as Pit Bottom in Stone has been reached in what is a major milestone for the Pike River re-entry project, Minister Responsible for Pike River Re-entry Andrew Little announced. “The infrastructure located in Pit Bottom in Stone is of very significant interest in ...
    BeehiveBy beehive.govt.nz
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  • Economic recovery guides Govt response to retirement income policy review
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