The crisis of credit visuali[s]ed
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- Date published:
2:02 pm, May 22nd, 2009 - 3 comments
Categories: activism, International, interweb -
Tags: activism, anewwayforward, credit crisis
I just came across this. It’s the first part of a video by a US organisation called A New Way Forward.
They’re organising nationwide video screenings of the extended version as well as town hall meetings and demonstrations to demand that their government “break up the insolvent banks and never again let them get so big that they distort our politics and corrupt the economy”.
The clip below’s about eleven minutes long but if you’re still trying to get your head around the financial crisis it’ll be time well spent.
For those who have a little more time, here’s the full version.
3 comments on “The crisis of credit visuali[s]ed ”
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The opposition parties stand united for an Aotearoa that honours Te Tiriti, rather than seeking to rewrite it. Labour, the Greens and Te Pāti Māori are working together against the Government’s divisive Treaty Principles Bill. ...3 weeks ago
- NZ must pursue independent foreign policy
The Green Party says the need is greater than ever for Aotearoa New Zealand to pursue an independent foreign policy. ...3 weeks ago
- Raising awareness of child exploitation
Customs Minister Casey Costello has praised the work of Customs’ Child Exploitation Operations Team (CEOT) for their commitment to combat the sexual exploitation and abuse of children. This specialist team in Customs features in an hour-long documentary, Unmasking the Monsters, which airs tonight on TVNZ 1. “It’s important that Customs has taken this ...5 hours ago - Prime Minister’s scholarships awarded
New Zealand is strengthening its global connections with Asia and Latin America, as 119 individual recipients have been awarded Prime Minister’s Scholarships for education experiences abroad, Tertiary Education and Skills Minister Penny Simmonds says. “Expanding New Zealand’s global engagement through world-class international education is a key government priority,” Ms Simmonds ...6 hours ago
- Climate Minister to see Antarctica research first-hand
Climate Change Minister Simon Watts is travelling to Antarctica on Monday to see the impacts of climate change first-hand and see New Zealand’s scientific work on the ice. “Antarctica is under increasing pressure from climate change, with rapid changes to the Antarctic ice sheet, ice shelves, sea ice, and biodiversity now ...11 hours ago
- Joint Statement: Singapore-New Zealand Article 6 Negotiations reach consensus
Countries have reached a deal on carbon markets at the annual United Nations climate change meeting (COP29) in Baku, Azerbaijan. Co-chaired by Singapore’s Minister for Sustainability and the Environment Grace Fu and New Zealand’s Minister of Climate Change Simon Watts, the negotiations on Article 6 (carbon markets) concluded successfully with ...12 hours ago
- Child Protection Investigation Unit established
A new Child Protection Investigation Unit is being established to ensure the safety and wellbeing of children in care, Minister for Children Karen Chhour says. “The report released by the Royal Commission into abuse in state care shows us all the risk of not acting immediately when there are serious ...3 days ago
- Speech at United States Business Summit 2024
Ka nui te mihi kia koutou. Ka mihi ki te mana whenua ko Ngāti Whātua Ōrākei. Kia ora and good morning everyone. Thank you Fran and Simon for inviting me here today, and importantly your leadership of this forum over several years now. I want to acknowledge David Gehrenbeck, Deputy ...3 days ago
- Record number of submissions received on granny flat proposal
Nearly 2,000 submissions have been received on the Government’s proposals aimed at making it easier to build a granny flat of up to 60 square metres without a resource or building consent, RMA Reform Minister Chris Bishop and Building and Construction Minister Chris Penk say. “This is the highest number ...3 days ago
- District Court Judge appointed
Attorney-General Judith Collins today announced the appointment of Rebecca Guthrie as a District Court Judge. Judge Guthrie was admitted to the bar in 1997 following her graduation from the University of Canterbury in 1996 (LLB, BA). She commenced her legal career in Hastings in 1997 before moving to London in ...3 days ago
- Appointments strengthen Predator Free 2050
The latest Predator Free 2050 Board appointments will help to strengthen biodiversity efforts across Aotearoa New Zealand, Conservation Minister Tama Potaka says. Mr Potaka today announced two appointments to the Board of Directors of Predator Free 2050 Limited, a key player in the wider Predator Free 2050 Programme. “The Predator ...3 days ago
- New facility in Christchurch will improve the lives of young New Zealanders
Mental Health Minister Matt Doocey today opened Kahurangi, an innovative and much-needed facility for Canterbury’s Child, Adolescent, and Family Mental Health Services. “The new state of the art outpatient facility opened today will be a gamechanger for the way mental health is delivered for young people in Canterbury,” says Mr ...3 days ago
- Driver safety screens to be installed on Auckland buses
Transport Minister Simeon Brown has welcomed news from the NZ Transport Agency (NZTA) that bus driver protection screens will be installed across Auckland’s bus fleet by 2026.“The Government is committed to improving the safety of working environments for bus drivers, and Budget 2024 allocated $15 million of Crown funding over ...3 days ago
- Government action provides Southland farmers more time to meet plan requirements
The Government is taking action to ensure Southland farmers and growers are not affected by unreasonable regional farm plan deadlines, Agriculture Minister Todd McClay, Environment Minister Penny Simmonds and Associate Environment Minister Andrew Hoggard say.“Cabinet has agreed to provide more time for farmers and growers to comply with regional rules ...4 days ago
- Bill reaffirms Government’s commitment to crack down on serious youth offending
The Oranga Tamariki (Responding to Serious Youth Offending) Bill had its first reading at Parliament today. The Bill reaffirms the Government’s commitment to crack down on serious youth offending, Minister for Children Karen Chhour says. “In recent years we have seen an unacceptable spike in youth offending. “This Bill makes ...4 days ago
- Critical milestones for earthquake buildings review
Fairer, more sensible rules about managing earthquake risks are a step closer with the passing of legislation and the appointment of an independent chair to provide expert advice, Minister for Building and Construction Chris Penk says. “The Government is committed to reinvigorating our cities and regions to support economic growth, ...4 days ago
- State of the art radiology machine for Auckland
People in Northland and Auckland will benefit from a new machine for cancer treatment installed at the Regional Cancer and Blood Service at Auckland City Hospital. The MV5 linear accelerator, or LINAC machine, officially opened today targets cancer tumours with pinpoint accuracy. Health Minister Dr Shane Reti says this new, ...4 days ago
- Foreign Minister to visit Europe
Deputy Prime Minister and Foreign Minister Winston Peters will travel to Europe for high-level talks with France, Germany and the United Kingdom next week. "Since taking office almost a year ago, the Coalition Government has emphasised the importance we place on New Zealand's traditional and likeminded diplomatic and ...4 days ago
- First arrests made under gang patch ban
Police have made their first arrests under the new gang patch legislation, with two gang members arrested, says Police Minister Mark Mitchell. “Just before 11 this morning, Police in Wairoa apprehended a gang member for wearing a patch to the supermarket. He has been arrested and will now face enforcement ...4 days ago
- Better support for victims of sexual violence
The Government is proposing two major changes to name suppression laws that will put the views of victims of sexual violence first, Justice Minister Paul Goldsmith says. “We are committed to restoring law and order and these two proposed changes will help ensure the victims of crime are put at ...4 days ago
- Government moving forward with Regional Deals
Cabinet has agreed to invite all regions to submit proposals for Regional Deals between central and local government that drive economic growth and deliver the infrastructure our country needs, Local Government Minister Simeon Brown and Infrastructure Minister Chris Bishop say. Inviting all regions to propose a Regional Deal that boosts ...4 days ago
- MSA pilot participant update
One of the ten young men selected to participate in the Military-Style Academy Pilot has allegedly reoffended. Children’s Minister Karen Chhour is disappointed but says it would be naïve to think that none of these young men would reoffend. “I’m saddened that this young person has not taken this opportunity ...4 days ago
- Fighting for Kiwis in Trade
Delivered at Auckland Trade and Economic Policy School Good morning and thank you Deputy Vice Chancellor Lithander for your warm welcome and for inviting me to open Auckland Trade and Economic Policy School today. A Special thanks to the University of Auckland, the Ministry of Foreign Affairs and Trade and ...4 days ago
- Attendance rates increase, again
Associate Education Minister David Seymour says that school attendance is continuing to rise. In Term 3 of 2024 51.3 per cent of students attended school regularly, an increase of 5.3 percentage points from 46 per cent in Term 3 of 2023. “This Government has prioritised student attendance and it is ...4 days ago
- Improving the lives of young New Zealanders
Ensuring New Zealand is the best place in the world for children and young people is the vision at the heart of the Government’s new Child and Youth Strategy, Child Poverty Reduction Minister Louise Upston says. “Childhood represents a huge opportunity to set people on a positive path towards living ...5 days ago
- Government continues work to reinstate livestock exports by sea
The Government is reinstating the trade of livestock exports by sea while ensuring the highest standards of animal welfare, says Associate Minister of Agriculture Andrew Hoggard.“The Government will introduce legislation changes to reinstate the trade, enhance oversight, and strengthen requirements for exporters to identify risks and manage the welfare of ...5 days ago
- Speech to the National Quality Forum 2024
Tēnā koutou katoa – it is a pleasure to be here today. I would like to begin by acknowledging the important leadership role you all play in ensuring a quality health system New Zealanders can trust. There is enormous clinical expertise in this room covering a wide range of disciplines. ...5 days ago
- New Zealand’s COP29 National Statement
Tēnā koutou katoa. Mr President, Excellencies, Delegates. New Zealand, and all nations represented here today, are already dealing with the impacts of climate change. Our households, businesses, and economies are bearing the costs of its effects. The choices we make now will shape the severity of these impacts for generations ...5 days ago
- Latest Quarterly Investment Report released
The Government has released its second Quarterly Investment Report (QIR) which shows substantial work still to be done by agencies to improve investment reporting and meet the Government’s expectations, Infrastructure and Acting Finance Minister Chris Bishop says. “New Zealand has significant infrastructure and investment needs. The Government is determined to get ...5 days ago
- New Zealand supporting loss and damage fund
Climate Change Minister Simon Watts announced New Zealand will contribute NZ$10 million to the new Fund for Responding to Loss and Damage while at the annual United Nations Climate Change Conference (COP29) in Baku, Azerbaijan. “New Zealand is joining the global effort to address the significant challenge of responding to ...5 days ago
- Gang crackdown begins at stroke of midnight
The free ride for gangs is over when the clock strikes midnight tonight, with tough new laws officially coming into effect, Justice Minister Paul Goldsmith and Police Minister Mark Mitchell say. “Gang patches will no longer be able to be worn in public. To earn the right to wear a ...5 days ago
- LGFA increases borrowing capacity to support high growth councils
The Government is welcoming the decision by the Local Government Funding Agency to increase access to financing tools for fast growing councils to support greater investment in critical infrastructure, Local Government Minister Simeon Brown says.“Communities across the country are facing an infrastructure deficit and significant population growth is projected in ...6 days ago
- Temporary Traffic Management costs revealed
The Government has revealed that over the past three years, the New Zealand Transport Agency (NZTA) has spent an eyewatering $786 million of taxpayers’ money on road cones and temporary traffic management (TTM), Transport Minister Simeon Brown says.“When I became Minister, I was surprised to learn that that NZTA did ...6 days ago
- Jurisdiction of Disputes Tribunal to double
Legislation that will double the financial jurisdiction of the Disputes Tribunal from $30,000 to $60,000 has passed first reading in Parliament today, Justice Minister Paul Goldsmith. “We need to improve court timeliness and access to justice so that Kiwis and get on with their lives. Court delays affect everyone, the ...6 days ago
- Protecting New Zealand from foreign interference
Legislation that will specifically criminalise foreign interference and strengthen espionage offences has passed first reading in Parliament today, Justice Minister Paul Goldsmith says. “It is normal and appropriate for states to interact and work to influence one another. This encourages cooperation and can have mutually beneficial outcomes. “However, the reality ...6 days ago
- Significant milestone for Canterbury Road of National Significance
Transport Minister Simeon Brown has welcomed news that the NZ Transport Agency (NZTA) Board has approved funding towards pre-implementation and early works on the State Highway 1 (SH1) Belfast to Pegasus Motorway and Woodend Bypass Road of National Significance (RoNS). “Reaching this significant milestone is a reflection of our Government’s ...6 days ago
- Health survey results to help drive change
Health Minister Dr Shane Reti says findings from the annual Health Survey highlight the need to continue driving better health outcomes for New Zealanders. The New Zealand Health Survey is an annual snapshot of key metrics measured from July 2023 – July 2024. Findings released this morning include: In 2023/24, ...6 days ago
- Final push needed to get to Smokefree 2025
A renewed effort to get people to quit smoking will build on what has worked to date and target the groups who most need support, Associate Health Minister Casey Costello said today. “The latest New Zealand Health Survey results show the daily smoking rate at 6.9 per cent and we ...6 days ago
- New diplomatic appointments
Foreign Affairs Minister Winston Peters has announced four new diplomatic appointments. “Our diplomats play an important role in ensuring New Zealand’s interests are maintained and enhanced across the world,” Mr Peters says. “It is a pleasure to announce the appointment of these senior diplomats from the Ministry of Foreign ...6 days ago
- Next steps for Regulatory Standards Bill
Regulation Minister David Seymour has today announced the next steps in the Government’s plan improve the quality of regulation by opening consultation on a proposed Regulatory Standards Bill. “New Zealand's low wages can be blamed on low productivity, and low productivity can be blamed on poor regulation,” says Mr Seymour. ...6 days ago
- Red Tape Tipline goes live
Minister for Regulation David Seymour has today announced that the Ministry for Regulation’s Red Tape Tipline is now live. “We want to hear about your red tape horror stories. From today, New Zealanders will have a say on how they are regulated through an online portal,” says Mr Seymour. The ...6 days ago
- Youth Parliament 2025 announced
The Minister for Youth Matt Doocey has today announced the eleventh Youth Parliament will be taking place in 2025. “Youth Parliament offers a unique youth development opportunity to young people from across New Zealand to experience the political process and learn about how government works,” says Mr Doocey. “The two-day ...1 week ago
- Greens capitulate, announcing they will ‘wave through’ Labor’s Help to Buy and Build to Rent h...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The government has stared down the Greens over its Help to Buy and Build to Rent housing legislation, with the minor party announcing late Monday it will “wave through” the legislation in the Senate this ...3 minutes ago - After nearly 10 years of debate, COP29’s carbon trading deal is seriously flawed
Source: The Conversation (Au and NZ) – By Kate Dooley, Senior Research Fellow, School of Geography, Earth and Atmospheric Sciences, The University of Melbourne Negotiators at the COP29 climate conference in Baku have struck a landmark agreement on rules governing the global trade of carbon credits, bringing to a close ...18 minutes ago
- Rising antisemitism looms large over the lives of Jewish Australians. Here’s what can be done
Source: The Conversation (Au and NZ) – By Matteo Vergani, Associate professor, Deakin University Last week, emergency services were called to the Sydney suburb of Woollahra, where a car was found engulfed in flames. While the blaze was quickly extinguished, the situation soon escalated. Police discovered that around a ...1 hour ago
- Many of Israel’s Western supporters indicate they would arrest Netanyahu. Will Australia and NZ fo...
Source: The Conversation (Au and NZ) – By Donald Rothwell, Professor of International Law, Australian National University Ever since the October 7 2023 Hamas terrorist attack on Israel, the Albanese government has consistently said Australia respects Israel’s right to defend itself, but how it does so matters. To an ...1 hour ago
- The Australia-Pacific bid to host UN climate talks in 2026 is in limbo. What now?
Source: The Conversation (Au and NZ) – By Wesley Morgan, Research Associate, Institute for Climate Risk and Response, UNSW Sydney Australia and Pacific island nations had hoped to leave this year’s global climate talks in Azerbaijan having won a bid to host the 2026 summit. Instead, that decision on who ...2 hours ago
- COP29: Pacific climate advocates decry outcome as ‘a catastrophic failure’
RNZ Pacific The United Nations climate change summit COP29 has “once again ignored” the Pacific Islands, a group of regional climate advocacy organisations say. The Pacific Islands Climate Action Network (PICAN) said today that “the richest nations turned their backs on their legal and moral obligations” as the UN meeting ...2 hours ago
- Banning under-16s from social media may be unconstitutional – and ripe for High Court challenge
Source: The Conversation (Au and NZ) – By Sarah Joseph, Professor of Human Rights Law, Griffith University Shutterstock On November 21 2024, the Albanese government unveiled its bill to introduce a minimum age of 16 for most social media platforms. The government claims the bill is necessary to protect ...2 hours ago
- Climate Finance Commitments Triple At Close Of COP29 – Expert Reaction
The so-called “finance COP” in Baku, Azerbaijan has just concluded with agreement on the Baku Finance Goal. This aims to replace developed countries’ previous commitment to provide NZ$171 billion annually by 2020. ...3 hours ago - Is TikTok right? Are there health benefits to eating sea moss?
Source: The Conversation (Au and NZ) – By Margaret Murray, Senior Lecturer, Nutrition, Swinburne University of Technology Plataresca/Shutterstock Sea moss is the latest “superfood” wellness influencers are swearing by. They claim sea moss products – usually in gel form – have multiple health benefits. These include supporting brain and ...3 hours ago
- Christopher Luxon and Police Commissioner announce new Auckland police station
Commissioner Richard Chambers says it will make responding to crime in the CBD faster and more effective. ...3 hours ago - Cristopher Luxon and Police Commissioner announce new Auckland police station
Commissioner Richard Chambers says it will make responding to crime in the CBD faster and more effective. ...3 hours ago
- A milestone legal case from 35 years ago holds important lessons for how courts deal with scientific...
Source: The Conversation (Au and NZ) – By Laura Dawes, Research Fellow in Medico-Legal History, Australian National University Peter Krocka/Shutterstock This month marks 35 years of DNA evidence being used in Australian legal cases. But unlike DNA firsts in other countries, Autralia’s is perhaps the most significant legal milestone ...4 hours ago
- Character references tell a court you’re a good person. Why are convicted rapists allowed to use t...
Source: The Conversation (Au and NZ) – By Vicki Lowik, Adjunct Research Fellow, School of Nursing, Midwifery and Social Sciences, CQUniversity Australia The Conversation,Elīna Arāja/Pexels In a recent Newcastle trial, a jury found three men guilty on multiple charges of sexually assaulting three teenage girls over two nights. The ...6 hours ago
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Source: The Conversation (Au and NZ) – By Maïa Ponsonnet, Researcher, Linguistics, The University of Western Australia KitohodkA/Shutterstock We all know what words we might shout out when we stub a toe or touch something hot. For those of us who speak English, it’s probably “ouch”. But what kinds ...6 hours ago
- NZ’s new cultural policy will be called Amplify. It is timely and needed, but not ambitious enough
Source: The Conversation (Au and NZ) – By James Wenley, Senior Lecturer, Te Whare Ngangahau–Theatre and Performance Studies, Te Herenga Waka — Victoria University of Wellington Anthony DELANOIX/Unsplash The arts and cultural activity of Aotearoa New Zealand enhances our global reputation, grows our economy and brings us fulfilment as ...6 hours ago
- Surgeries being rejected to game waitlist targets, Labour says
The Opposition alleges the number of people going onto waitlists is being limited, as GPs complain of referrals being rejected. ...6 hours ago
- Surgeries being rejected to game waitlist targets, Labour alleges
The Opposition says the number of people going onto waitlists is being limited, as GPs complain of referrals being rejected. ...6 hours ago
- Louisa Wall says TJ Perenara’s Treaty statement during haka was censored
The former Black Fern, Silver Fern and Labour MP she "watched with pride" at how departing All Black TJ Perena used the side's haka. ...7 hours ago
- Warm and friendly or competent and straightforward? What students want from AI chatbots in the class...
Source: The Conversation (Au and NZ) – By Shahper Richter, Senior Lecturer in Digital Marketing, University of Auckland, Waipapa Taumata Rau Artificial intelligence (AI) is rapidly transforming education, with schools and universities increasingly experimenting with AI chatbots to assist students in self-directed learning. These digital assistants offer immediate feedback, ...7 hours ago
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Taxpayers’ Union Communications Officer Alex Emes called the deal “a move towards global socialism” due to the agreed upon large transfer of wealth from countries like New Zealand to the third world. ...8 hours ago
- New Zealand Ports Urged To End Live Animal Exports As Maritime Union Takes Stand
AJP Welcomes Maritime Union's Historic Stand Against Live Exports. ...8 hours ago
- Oxfam Says COP29 Deal Is A “Global Ponzi Scheme”
Oxfam Aotearoa’s Climate Justice Lead Nick Henry said: "The failure to meet the global need for climate finance is a failure of empathy from the leaders of rich countries." ...8 hours ago
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We know how to cut emissions - we have all the technology and tools to do so. What’s needed is political will to put these tools into action. ...8 hours ago
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At the outset, expectations were low – but even with considerable headwinds, progress was made. The petroleum-laden dust has settled on this year’s United Nations climate summit, Cop29, held over the past fortnight in Baku, Azerbaijan. Climate scientists, leaders, lobbyists and delegates are heading for home. The meeting achieved ...9 hours ago
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At least two schools have opted out of the revised free lunch scheme for next year. ...9 hours ago
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From hard-working headphones to top-of-the-line tablets, these are a few of our favourite gadgets. For some, the summer months are a time to switch off their devices, to venture out into the sunshine armed with nothing more than a paperback novel and a large floppy hat. Not us! This is ...10 hours ago
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Mark Mitchell say the behaviour of a police officer posing for cameras while wearing a gang patch in the office fell short . ...10 hours ago
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The itinerary was visible in the police car in Queenstown on Sunday. ...11 hours ago
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Source: The Conversation (Au and NZ) – By Kate Highfield, Associate Professor, Early Childhood Education Academic Lead, University of Canberra Screen use and internet safety are two of the top concerns Australian parents have about their kids’ health and wellbeing – even ranking ahead of diet, exercise and depression. ...12 hours ago
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The All Black used the side's haka ahead of their match against Italy to show support for the recent hikoi. ...12 hours ago
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The report argues the long-standing government approach that relies on people taking sole responsibility for their health and the choices they make, will continue to fail unless the obesity conversation shifts from the individual to the wider food ...12 hours ago
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Source: The Conversation (Au and NZ) – By Frigg Janne Daan Speelman, PhD Candidate in behavioural ecology, Macquarie University Coulanges/Shutterstock Like humans, many animals form lasting monogamous relationships. Most birds pair up to produce and raise offspring together over many years. However, as with humans, they also commonly “divorce” ...12 hours ago
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Source: The Conversation (Au and NZ) – By Jannik Haas, Senior Lecturer of Sustainable Systems, University of Canterbury Getty Images Hydrogen has been called the “Swiss army knife” of decarbonisation because it can do many things. But not all of them make sense. Today, the world uses about ...12 hours ago
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Many say NZ is well behind the rest of the world in developing and supporting its creative professionals. ...13 hours ago
- Peters’ push to turn Europe’s eyes south
The Foreign Minister is headed to Europe, where he will deliver the last of seven major speeches of the past year The post Peters’ push to turn Europe’s eyes south appeared first on Newsroom. ...14 hours ago - Death of a feminist legend
In March, on the twentieth anniversary of the death of a brilliant feminist thinker from Auckland who became a superstar in US academia, Justin Okin wrote a moving tribute to his mother, Susan Moller Okin, on International Women’s Day. “She was arguably the most influential feminist political philosopher of her ...14 hours ago
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In NZ of course we didn’t have this sophistication. The big banks were making enough profit in straightforward banking not to need to try anything clever.
However, we had little finance houses who managed (by tricks like hiring former All Blacks as frontmen, because a good clout to the head every week for a few years helps develop financial astuteness) to borrow money from greedy old people and lend it to greedy younger people. With similar results, albeit on a less disruptive scale.
The only real way to fix the problem is to stop houses from being an investment and turn them into a place to live, but the voters wouldn’t let governments do that. Morons, but there you go..