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Too Big to Fail

Written By: - Date published: 8:04 pm, April 10th, 2009 - 28 comments
Categories: economy - Tags:

Nassim Nicholas Taleb is one of those rare thinkers who has the priceless ability to express complex ideas in ways that are immediately accessible and concrete. I’m going to shamelessly quote and derive from a very recent article he’s written in the Financial Times. It’s so good I’m going to take each one of the ten ideas he expresses and in turn try to link each one to underlying themes we see debated here over and over.

1. What is fragile should break early while it is still small. Nothing should ever become too big to fail. Evolution in economic life helps those with the maximum amount of hidden risks and hence the most fragile become the biggest.

Taleb argues that random, high impact events occur more often than we imagine. Most of the time we expect the world to behave with a comfortable Gaussian range of behaviours, the mean being most common, and by the time we get several standard deviations out, the probabilities of extreme events becomes vanishingly rare. In fact the world is not like that.

Seven years of good times, is one day replaced by seven years of famine. No matter how large and successful an enterprise was, no matter how comfortably and well you lived in the good times, if the famine causes the business to collapse, or you and your family to die… the good times mean nothing.

Business failure in a corner dairy, or a local contractor’s ditch digging company is hurtful for the individuals involved, but does not damage society as a whole. People pick themselves up and life goes on. But when an entire financial system goes belly up, all at once…there is no ‘picking yourself up again’, because everyone else is in the same gutter with you.

Capitalism as we have known it fails on these counts:

1. It has allowed excessive concentration of wealth into fewer hands, inevitably resulting in the evolution of entities ‘too big to fail’.

2. It hides tranparent evaluation of real risks behind walls of ‘commercial confidentiality’, disinformation and lies which rewards cheaters and liars with a grossly disproportionate advantage. Entities built on this advantage may grow rapidly, but their inevitable collapse is even more spectacular.

3. Systemic failure becomes catastrophic because capitalism imposes an economic mono-culture on the entire globe ensnaring almost everyone in it’s grip. Local silos of prosperity and independence have been swept away by globalised, mass market business, creating a dependency model much like a addict becomes hooked on P.

4. Far from encouraging innovation and diversity that is adaptive in the face of radical change, capitalism acts to protect the established markets and the largest, most powerful players within them. Although some change is permitted around the margins, the core action in any market does not change unless and until the big dominating cartels allow it.

What will change this? What form of regulation or law change is necessary to break this system? The end of the legal fiction that coporations are ‘natural persons’? The end of ‘intellectual property’? Nationalisation of all credit creation?

28 comments on “Too Big to Fail”

  1. Quoth the Raven 1

    The end of limited liability would be a good one. Make people take full personal responsibility for the risks they take.

    • Ari 1.1

      That would just hit the small players even harder when they try to muscle in, QtR.

      Legislating to remove things like hedge funds, demand corporate transparency standards, removing the legal fiction of “corporate persons”, and so on would all be very useful steps.

      Nationalising credit creation would reign in the banks, but it might also kill the boom times. If we’re willing to sacrifice that, fine, but I don’t see the whole world doing it at once.

      • Quoth the Raven 1.1.1

        Small businesses like sole proprietors with unlimited liability?
        No it has been argued that businesses would become smaller if real free market policies like getting rid of limited liability were enacted.

        • Ari 1.1.1.1

          I agree, to an extent, but I like the idea of limited liability in situations where someone truly was just overconfident of their ability to run a business successfully. We should deal with people who shield corruption behind limited liability by making corrupt business practises as dangerous to careers in the private sector as they are in the public sector.

  2. I remember reading some article that said the cause of all the financial bubbles of the past 10-15 years basically stems from the fact that money is getting further and further concentrated among a small amount of super rich people and businesses. This is particularly the case in the USA.

    If you think about it, the super-rich literally can’t spend all their money so they invest it – in technology stocks, in the sharemarket, in oil, in derivatives or in housing. There’s more money invested in those areas than should be, so you get a bubble created – which of course eventually pops. If the money was spread out a lot more, then it would be spent (creating jobs) rather than invested in over-inflated market derivatives, or whatever you want to call it. This would be a more sustainable way for a country to operate, with the money flowing around a lot more and reaching a lot more people.

    It’s a kind of win-win situation for everyone (except the super-duper rich). We avoid market bubbles, we help out those in need to a greater extent and we create more jobs than ever. It’s something the left should be pointing out I think. A pity most economists are right-wing.

  3. rave 3

    Too big to fail? But they have failed.
    Its catastrophic because instead of them suffering its us who suffer.
    The big banks only survive because our future wage increases and taxes are mortgaged to bail them out.
    Jarbury is right. We owe them nothing. In fact they owe us centuries of backwages as poet ARD Fairburn once put it.
    But to do this we have to nationalise the central banks and put them under the control of those who work. Then nationalise all the key sectors of the economy with no compensation to the Jennings of this world. I would like to disproportionately misrepresent that tycoon.
    Then we have to devise how to run a democratic state to make sure the credit is used to produce things we need.
    For those of us in Auckland, stopping the banksters from supersizing our city would be a trial run.

  4. infused 4

    limited liability is a myth QtR.

    • BLiP 4.1

      Infused, you’re confused. Try telling the owners of leaky apartments who are chasing the millionaire developers that limited liability is a myth. I am sure they will be consoled and comforted with your understanding of the situation.

      • lprent 4.1.1

        I’d just like my case to get to court. It has been more than 4 years since we started forking out for fixing my apartment.

  5. Tom M 5

    I think you’re right about the normal distribution – in fact many economists are coming to realise that perhaps these things are better modelled with a t distribution, i.e. a normal one but with fatter tails.

    However, I think you’ve got the causality confused in terms of ‘too big to fail’ institutions. It’s the large institutions that subsequently create great wealth for their proprietors, rather than the other way around.
    Think about it – the bankers don’t earn their money in a vacuum and then pool it to create a bank. Rather, the bank grows, and correspondingly so does their pay.

    At least, that seems more intuitive to me.

    Some of your other claims seem a little suspect to me also.

  6. ak 6

    Absolutely right, the lot of you. “Too big to fail” is the ultimate, gobsmacking euphemism for the fact that “democracy” (that marvellous choice between two millionaires every three or four years) is indeed dead: a clear and unequivocal admission that the “finance industry” is more powerful than the most powerful government on earth.

    So much so, that that same govt is forced to shovel trillions of worker-created wealth down the throat of an “industry” that has produced precisely nothing (while millions die for want of cents): merely shuffled paper – (and to our local shame we inserted one of its greedy minions as our leader). And that tiny, bloated cabal – those cheerleaders of greed and obscene usury that led us to this point – still have the utter gall to claim our attention and ask that we take them seriously.

    But there’s a silver lining: just as those “stimulae” continue to look increasingly impotent, there’s a new, steady assertiveness stirring from the bottom. US wealth defeated the USSR, and the lesson was well learned. The savers and producers now hold the cards: their more advanced morality is now poised to ascend.

    Karl and JC were right: thanks to the net, the meek are slowly but surely demanding their just inheritance, and the dawn of the yuan (over the buck) is just the first milky light of a potential new day – the salubrious new contours of emancipation slowly taking shape in the minds of billions; once tasted, never to be relinquished.

    And how apt the timing: the moneychangers on their bikes to nowhere, and the world at Calvary’s summit. Shoulder to the boulder, brothers and sisters, the truth can never die if we all but work to reveal it.

    • Rex Widerstrom 6.1

      Beautifully written, ak.

      However, like Pat has said below, surely a large part of the answer is more democracy (in the genuine sense) not its death?

      Certainly it’s time for an end to the false choice between, as you put it, “two millionaires every three or four years” and between two parties who then toss a policy bone or two to the yapping minor parties nipping at their ankles.

      It’s time for people to have a genuine and ongoing input into decisions affecting their future and that of their fellows; it’s time for the creation of new governmental structures which permit that to occur; and it’s time for gross excesses of capitalism to be regulated the same way (e.g. shareholder approval of senior executive salary packages).

      But given your apparent eulogy to democracy and your (again, apparent) enthusiasm for a dictatorial regime that puts bullets into the backs of people’s heads, I’m left wondering just what it is you’re hoping will arise from mess?!

      • ak 6.1.1

        No enthusiasm for dictatorial regimes, I assure you Rex (and yes, bullets do go in the back of heads – just as lethal injections go in veins elsewhere, along with illegal invasions, torture, secret vice-presidential death squads etc etc).

        But lots of enthusiasm for good intentions. What I hope to see arising from this mess is a widespread acceptance that “dog-eat-dog” has failed our species: and that “to each according to need” is a nobler, more edifying vision statement – irrespective of the undeniable difficulties in its implementation.

        In practical terms, nationalisation (or at least strict regulation) of the finance industry, the demise of the dollar as the world’s reserve currency, a more democratic global power balance, and a genuine, co-ordinated, War on Global Inequality. (highly ambitious I know, but so’s wee Johnny apparently – and so were calls for abolition, welfare, fem and gay rights etc etc once).

  7. Pat 7

    Good thought provoking post, RL. The company failures that have the most impact, are those companies large enough to list on the stock markets for capital raising.

    So I would like to see it made compulsory for all listed companies to include a reasonable portion a shares as part of every employee’s remuneration. I think this would have several impacts over time:

    1. Productivity would improve as workers have more of a vested interest in the success of the company.
    2. A worker’s personal investment wealth would grow with the success of the company.
    3. It would encourage worker’s to want to have a longer career with a successful company.
    4. It would encourage good ideas to be passed up from the factory floor.
    5. As worker’s collective shareholding grows, they would have a stronger voice on the decisions,directions and governance of the company.
    6. It would encourage earlier whistle-blowing from within, on things that are going wrong in the company.

    • RedLogix 7.1

      So I would like to see it made compulsory for all listed companies to include a reasonable portion a shares as part of every employee’s remuneration.

      Yes. I once worked for mid-sized California based corporate that did a genuine 10% profit share for all non-sales staff (who had their own performance based compensation). It worked exceedingly well. It meant that I knew that off every $1 I succeeded in putting onto the company’s bottom line, I got to keep 10c of it.

      Shareholding for all employees (not just the senior layer of execs) has merit, but as an idea in isolation I’m not so sure how effective it might be. Certainly it would not work in the current climate, most corporates are not ready to accept that as worker’s collective shareholding grows, they would have a stronger voice on the decisions,directions and governance of the company.

      • Draco T Bastard 7.1.1

        You mean, of course, that the capitalists don’t want to give up their dictatorial power.

  8. Pat 8

    In response to ak’s communist rant, this post is about how to improve the capitalist system, not getting rid of democracy. Democracy is not dead. The world need’s more democracy, not less.

    I might be wrong, but I would have thought the vast majority of Standard readers would not advocate getting rid of democracy.

    ak can keep his Chinese new dawn all to himself. I do not look forward to the rise of China as the world’s biggest superpower.

    • Draco T Bastard 8.1

      Capitalism != Democracy
      In fact, the two are diametrically opposed. Capitalism is, as a matter of fact, dictatorship. Communism requires participatory democracy and not the elected dictatorship that we have that is there solely to support the capitalists.

  9. gomango 9

    Tom M – you should read Taleb’s books. T distribution won’t solve the problem either, the point is parametric models are wrong when you rely on historical descriptions of non-related events. LTCM wasn’t the first illustration, but it was the first big one (10 standard deviation move in 90 minutes of Danish mortgage bond spreads versus Euro swap spreads) – do the math. Taleb does get a bit repetitive but his core “we don’t live in a normal world” message is hard to fault.

    All the proof you ever need about why the easy liquidity, over leveraged, reliance on model world got out of hand is summed up in this quote from the Goldies CFO:

    “We are seeing things that were 25-standard deviation events, several days in a row,” said David Viniar, CFO of the smartest financial firm in the world, Goldman Sachs.

    What are the odds of THAT happening………..

    Did he not pass the equivalent of NCEA level 1 maths?

    The remedy is pretty simple (not the solution to whats happened – thats a whole issue of least worst outcomes), but the remedy for the next time we go thru the upwards bit of the cycle is reasonably clear:

    1. force banks to declare everything on balance sheet
    2. make banks have capital ratios based on black swan type stress tests
    3. create derivative clearing houses, ie get rid of the otc market.
    4. Don’t invite Greenspan (or any other easy money pump primer) back to the fed

    And as always, you can’t spend your way out of debt.

  10. charlie 10

    Nassim Nicholas Taleb claims that those who are putting society at risk are “no true statisticians”, merely people using statistics either without understanding them, or in a self-serving manner.

  11. gomango 11

    ak – just read your comment closely. You are kidding re China right? Yes I agree that China is potentially on the road to economic and hence strategic dominance over the rest of the world – but if you wanted to pick one country in the world where the following are most true:

    1. economic power concentrated in the hands of a tiny minority
    2. political rights held only by a tiny minority
    3. freedom of speech constrained
    4. workers rights systematically ignored and devalued
    5. instutionalised graft and corruption
    6. no checks and balances on the concentrations of power

    That country is China. And that’s why i say “potentially” above. Any system which ignores individual rights won’t tend to survive in the long run. But they do have plenty of cash even though they no longer control much of it as it is sitting in the US treasury. Not sure who has the problem – US as borrower or china as lender……. Brings to mind the old Depression era cliche ” if you borrow $100 from the bank you have a problem, if you borrow a million dollars the bank has a problem”. Substitute $750 billion dollars plus for one million…… plus the $^50 billion from Japan, plus the 2 trillion from the rest of the world………

    Also bear in mind that all of China’s wealth was actually created by US demand. Domestic demand in China is not meaningful – they need the US export market. Look at what is happening now in China – in some of the new cities 80% of factories have closed, millions of workers are returning to their home villages where they have no access to land or jobs. China has managed to grow because of the pact the neo-Capitalist ruling party made – give up your political and human rights and in return we will guarantee prosperity. Lets see if they can keep that bargain.

    • ak 11.1

      Well, lifting several hundred million from abject poverty is a pretty good start on that bargain I’d say goman – and funny, but those dire concerns you list don’t seem to matter too much to the average Jiu on the jyair-to. In fact the level of day-to-day freedoms, candour and optimism is quite striking (especially to the anti-PC brigade who marvel at such wonders as unrestricted smoking, lack of any apparent road rules, omnipresent hawking etc), and one wonders if the hobson’s choice we get every three years is really the sole route to utopia. Evidence to date is somewhat less than convincing….

      And yes, the over-dependence on the US consumer certainly is untenable long-term. Which is precisely why the recent moves towards domestic stimulation and an alternative settling currency are being taken. Delicate position for the medium term, but a fundamental shift is softly occurring, the sheer numbers making it eventually inevitable.

  12. gomango 12

    and quoth the raven….. removing limited liability would not hurt entrenched business interests it would only stifle the backbone of our economy – small and medium business.

    Started a business lately? I have and yes it has limited liability. I still have to provide a personal guarantee plus a charge over my house in order to satisfy the bank and the companies office. It certainly doesn’t feel like limited liability.

    • Quoth the Raven 12.1

      You should ask yourself why the state should protect you from the full responsibility of your actions? and why the state should enforce a contractual arrangement on third parties that never consented to it? If there wasn’t state enforced limited liability you could still voluntarily agree to a limited liability contract with your creditiors, but that does not mean that that individual limited liability contract could be enforced on a third party protecting you from tort. Limited liability and corporate personhood are just schemes to privatise gains and socialise losses. If you don’t want to take full responsibility for the risks you take then don’t start a business. If you’ve read a lot of free market writings like I have you’ll find that those who argue for limited liability are the apologists for big business – the Randroids, the Mises worshippers and so on. Those who argue against it sympathise with the left. It has been argued time and again that without these protections we wouldn’t see such large corporations as we do now. Large corporations are not a product of the free market, they are a product of capitalism. There is a good article here to familiarise yourself with the issues: Is the Corporation a Free-Market Institution?

      A corporation that is compatible with natural law is no more than an association of natural persons, who agree to recognize the association as an artificial person “in its own right.’ However, as far as other persons are concerned, the existence of the association and its recognition by the partners as an independent artificial person in no way diminish the responsibility or the liability of the partners. How the partners assign responsibilities and liabilities among themselves is their business, but they lawfully cannot agree to deflect them to the artificial corporate person that they created. The partners own the corporation, and, as owners they are fully responsible and liable for what “it’ does. I cannot give lawful personality to my dog or my car and tell others that, when an accident happens, they should sue the dog or the car and leave me alone. In natural law, a corporation is just as much a means of human action as a dog, a car, or any other tool might be.

      There is another article here.

  13. gomango 13

    typo – Japans US treasury holdings are $650 billion

  14. Bill 14

    Some interesting comments and all blind to a fundamental point.

    It was the market that spawned Capitalism and State Socialism. Neither State Socialism nor Capitalism have been able to manage the market. Both have been subject to its pitches, yaws and plunges.

    At the moment, the idea appears to be to save the management system ( Capitalism) and those who literally profit most from it.

    Other ideas seem to merely posit different management models….state socialism or whatever.

    But why?!

    Are we so far mired in the quasi religion of the market that we have forgotten that it is neither natural nor necessary: that it is a contrivance?

    Cut to the heart of the matter. Manage our political and economic affairs free from market imperatives. ie abolish it, rather than pretending it can somehow, someday be managed. Because it can’t.

    It is intrinsically unstable and unpredictable. It serves merely as a springboard ( a way and a means) for inadequate individuals who crave power over others.

    Dump it. It’s worth nothing. Has done no good. Never will.

  15. Hi RL,

    Sorry for the treadjack.

    I was off line for a bit and found out recently that you have joined the Standardista’s writers team.
    Awesome and congratulations.

  16. Red, you may be interested a recent ABC background briefing which quotes Taleb on why the crisis occurred. The link is http://www.abc.net.au/rn/backgroundbriefing/stories/2009/2538655.htm#transcript

    Regards, Paul.

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    Spain went to the polls today in the second elections this year, after the Socialists (who had come to power in a confidence vote, then gone to the polls in April) rejected the offer of a coalition with the left-wing PoDemos, and instead decided to gamble n a better outcome ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • The astroturf party
    National has finally rolled out its "BlueGreen" astroturf party, fronted by an array of former nats and people who were dumped by the Greens for not being Green enough. Its initial pitch is described by Stuff as "very business-friendly", and its priorities are what you'd expect: conservation, predator-free funding, a ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • How to cheat at university
    A couple of days ago I attended (and spoke at) the University of Waikato’s “LearnFest” event. There were lots of talks and sessions on very diverse aspects of teaching, mostly at tertiary level. One was by Myra Williamson from Te Piringa Faculty of Law here at Waikato, on Contract Cheating ...
    SciBlogsBy Marcus Wilson
    4 days ago
  • How NZ was put on world maps using a transit of Mercury
    There will be a transit of Mercury – the planet Mercury will pass across the face of the Sun – taking place at sunrise in New Zealand on Tuesday, 12th November. It was by observing such an event 250 years ago that James Cook and his scientist colleagues were able ...
    SciBlogsBy Duncan Steel
    5 days ago
  • Georgina Beyer: We need to be able to talk without being offended
    Since becoming the world’s first openly transexual mayor and member of parliament, Georgina Beyer has been recognised as a trailblazer for trans rights. Daphna Whitmore talks with her about where she sees the current trans movement We start out talking about legislation the government put on hold that would have ...
    RedlineBy Daphna
    5 days ago
  • The anti-fluoride brigade won’t be erecting billboards about this study
    If FFNZ really put their faith in “Top Medical Journals” they would now be amending their billboards to recognise new research results. Image from FFNZ but updated to agree with the latest research. ...
    5 days ago
  • Chosen To Rule? What Sort Of Christian Is Chris Luxon?
    National Messiah? Chris Luxon identifies himself as an evangelical Christian. If he is genuine in this self-characterisation, then he will take every opportunity his public office provides to proselytise on behalf of his faith. He will also feel obliged to bear witness against beliefs and practices he believes to be ...
    6 days ago
  • War of the worms
    I'm going to make a Reckless Prediction™ that the Tories have 'topped out' in the 'poll of polls' / Britain Elects multipoll tracker at about 38%, and in the next week we will start to see Labour creep up on them.In fact, we might just be seeing the start of ...
    6 days ago
  • Marvelly shows us how to be a feminist without feminism
    by The Council of Disobedient Women Lizzie Marvelly: “I may have missed this… has @afterellen gone all terf-y? Or am I reading something incorrectly? “ https://twitter.com/LizzieMarvelly/status/1191840059105742849 After Ellen is a lesbian website that is unashamedly pro-lesbian, as you’d expect. So why is Ms Marvelly so bothered about lesbians having their ...
    RedlineBy Daphna
    6 days ago
  • Out of the past – Tories to revive racist laws from the 16th century
    Did you know there once was a time when it was illegal to be a gypsy (aka Romani) in Britain?That was between 1530, when the Egyptians Act was passed, and 1856, when it was repealed.Amongst other things, the act forbade the entry of 'Egyptians' into England, ordered those already there ...
    7 days ago
  • 1000 of these now
    Some days I sit and think, “what will I write…?” What do you say when you get to 1000 posts? Maybe you just start where you are, diverge to where this all began, then offer a collection of reader’s favourite posts, and a few of your own? (And throw in ...
    SciBlogsBy Grant Jacobs
    7 days ago
  • Has Shane Jones Just Saved NZ First?
    Counter-Puncher: The “activists” and “radicals” (his own words) from the Indian community who took such strong exception to Shane Jones’ remarks about Immigration NZ’s treatment of arranged marriages, may end up bitterly regretting their intervention. Jones is not the sort of person who turns the other cheek to his critics.SHANE ...
    7 days ago
  • Climate Change: As predicted
    Yesterday, when National voted for the Zero Carbon Bill, I predicted they'd gut it the moment they regained power, just as they had done to the ETS. And indeed, they have explicitly promised to do exactly that within their first hundred days in office. What would their amendments do? Abandon ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Let this never be forgot
    In the spirit of Remember, remember the fifth of November, let's keep this in mind FOREVER.
    Oh dear. Extraordinary interview on PM with Andrew Bridgen and @EvanHD just now. Bridgen was defending Jacob Rees Mogg’s Grenfell comments. Evan asked him if JRM had meant to say he would have left ...
    1 week ago
  • Too Late To Change Capitalism’s Flightpath?
    Collision Course? In conditions of ideological white-out, the international bankers’ “Woop-Woop! Pull Up!” warning may have come too late to save global capitalism.WHAT DOES IT MEAN when international bankers are more willing to embrace radical solutions than our politicians and their electors? At both the International Monetary Fund and the ...
    1 week ago
  • Whooping cough vaccine works well despite its imperfections
    Pertussis (whooping cough) is a conundrum. It is a disease that was described hundreds of years ago and the bacteria that causes it (Bordetella pertussis) isolated in 1906. We have had vaccines for about 80 years but this disease is defiant in the face of human immunity. I wanted to ...
    SciBlogsBy Helen Petousis Harris
    1 week ago
  • Climate Change: Passed
    The Zero Carbon Bill has just passed its third reading, uanimously. In the end, National supported it - but we all know they'll turn around and gut it the moment they regain power. Meanwhile, I guess ACT's David Seymour didn't even bother to show up. I am on record as ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Retailing of vaping products – New NZ Research
    Dr Lindsay Robertson, Dr Jerram Bateman, Professor Janet Hoek Members of the public health community hold divergent views on how access to vaping products or electronic nicotine delivery systems (ENDS) products should be arranged. Some believe ENDS should be as widely available as smoked tobacco and argue for liberal ...
    SciBlogsBy Public Health Expert
    1 week ago
  • Justice for Bomber
    When the Police were trying to cover up for the National Party over Dirty Politics, they went all-in with their abuses of power. They illegally search Nicky Hager's house, violating his journalistic privilege and invading his privacy. They unlawfully acquired Hager's bank records. They did the same to left-wing blogger ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Britain’s climate tyranny was unlawful
    Last month, in response to a wave of protests by Extinction Rebellion, the British government purported to ban their protests from the whole of London. It was a significant interference with the freedoms of expression and assembly, and another sign of the country's decline into tyranny. But now, a court ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • More crime from the spies
    Last year, the Inspector-General of Intelligence and Security reported on significant problems with the intelligence warrant system. While they were unwilling to declare any warrant "irregular" (meaning unlawful) due to the recent law change, they were also not willing to give the system a clean bill of health. Now, they've ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Vaccination, compulsion, and paternalism for the lower orders
    The National Party has come out in support of encouraging greater vaccination uptake. But it sure isn’t the way I’d do it. National’s suggested docking the benefits of those on benefit whose kids aren’t keeping up with their vaccinations. Some in National have suggested extending that to payments under Working ...
    SciBlogsBy Eric Crampton
    1 week ago
  • Global Protests Rage On: But Slogans Are Not Plans.
    Feeding The Flames: It is simply not enough to demand an end to “corruption”, or “inequality”, or the overbearing influence of the authorities in Beijing. These are just “lowest common denominator” demands: the sort of slogans that pull people onto the streets. They are not a plan.WHERE’S THE PLAN? Across ...
    1 week ago
  • 11,000 employed under Labour
    The labour market statistics have been released, and unemployment has risen to 4.2%. There are 115,000 unemployed - 11,000 fewer than when Labour took office. In that time the minimum wage has gone up by $2 an hour, which shows that the right's fears about increases causing unemployment are simply ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Boycott this democratic fraud
    The Foreign Affairs, Defence and Trade Committee has called for submissions on Andrew Little's tyrannical Terrorism Suppression (Control Orders) Bill. Normally I encourage participation in the democratic process. I am not doing so in this case. Instead, I encourage all of you to boycott this submissions process, and to post ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Why Mars is cold despite an atmosphere of mostly carbon dioxide
    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 If tiny concentrations of carbon dioxide can hold enough heat ...
    SciBlogsBy Guest Author
    1 week ago
  • Climate Change: Ban private jets
    Aviation is one of the fastest growing sources of greenhouse gas emissions, and within it, one of the fastest sources is elite travel: billionaires flitting around the world in their private jets, spewing excessive pollution into the atmosphere just so they can avoid mixing with us dirty peasants. But in ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Climate Change: Untold Suffering
    That's what we face if we don't stop climate change, according to a warning from 11,000 scientists:The world’s people face “untold suffering due to the climate crisis” unless there are major transformations to global society, according to a stark warning from more than 11,000 scientists. “We declare clearly and unequivocally ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • The left and violent misogyny
    by Phil Duncan Here’s just a few of the kind of threats issued day in and day out against gender-critical women – feminists, marxists, etc – overwhelmingly by MEN (albeit men identifying as women). “Kill all Terfs”. “Shoot a Terf today”. “All terfs deserve to be shot in the head”. ...
    RedlineBy Admin
    1 week ago
  • Imperialism and the iPhone
    This is the third of the synopses of parts of the opening chapter of John Smith’s Imperialism in the 21st Century (New York, Monthly Review Press, 2016). The synopsis and commentary below is written by Phil Duncan. Unlike the humble cup of coffee and t-shirt that we looked at in ...
    RedlineBy Admin
    1 week ago
  • The freshwater mussel housing crisis: eviction by invasive weeds?
    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 ...
    2 weeks 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
    2 weeks 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 ...
    2 weeks 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
    2 weeks ago
  • New Fisk
    No Right TurnBy Idiot/Savant
    2 weeks 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
    2 weeks 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
    2 weeks 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. ...
    2 weeks 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 ...
    2 weeks 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

  • Kiwis to have their say on End of Life Choice
    Jenny Marcroft MP, Spokesperson for Health New Zealand First backs the public to decide on the End of Life Choice Bill via a referendum at the 2020 General Election. The Bill, with New Zealand First’s referendum provision incorporated, passed its final reading in Parliament this evening. New Zealand First Spokesperson for ...
    2 days 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 ...
    3 days 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 ...
    1 week 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 ...
    1 week 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 ...
    1 week 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 ...
    2 weeks 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 ...
    3 weeks ago

  • Modern emergency care for Queenstown area
    ew, modern emergency department and outpatient facilities at Queenstown’s Lakes District Hospital mean better emergency care for the growing tourist mecca’s visitors and locals, says Health Minister David Clark. Today Dr Clark officially opened the hospital’s redeveloped Emergency Department and Outpatient facilities. The new facilities include: •    An extended Emergency Department ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • Contraception important for New Zealanders
    Associate Health Minister Julie Anne Genter says today’s release of sexual and reproductive health data reinforces the significance of the Government’s commitment to providing free or very low-cost contraception. The Ministry of Health today published statistics from the Ministry of Health’s 2014/15 Health Survey. “It is important people can make ...
    BeehiveBy beehive.govt.nz
    10 hours ago
  • NZ medical staff and measles vaccines going to Samoa
    Foreign Minister Winston Peters has announced that at the request of the Samoan Government, New Zealand will be providing further support to Samoa as it faces a worsening measles outbreak. “In response to a request from the people of Samoa, New Zealand is providing 3000 measles, mumps and rubella (MMR) ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Disability Action Plan 2019 – 2023
    “The new Disability Action Plan 2019–2023 moves us towards the inclusive and accessible New Zealand that this government has committed to,” Minister for Disability Issues Carmel Sepuloni announced today.  “The Action Plan was designed by disabled people, their family and supporters, the disability sector and government agencies. It will ensure ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Joint Statement – Third Singapore-New Zealand Defence Ministers’ Meeting
    Third Singapore-New Zealand Defence Ministers’ Meeting 14 November 2019 Joint Statement 1. Defence Ministers Ron Mark and Dr Ng Eng Hen today conducted their third annual Singapore-New Zealand Defence Ministers’ Meeting in Singapore. 2. Building on the Enhanced Partnership signed between both countries in May this year, this annual meeting ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Sexual Violence Legislation Bill has its first reading
    A Bill to improve the court system’s response to sexual violence has passed its first reading in Parliament today. Justice Minister Andrew Little says the Sexual Violence Legislation Bill will reduce the trauma sexual violence complainants experience in court, while maintaining defendants’ fundamental rights and making sure the trial process ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Streamlined business invoicing a step closer
    Streamlined payment practices are a step closer for Kiwi businesses with the formal launch of New Zealand’s e-Invoicing framework. Small Business Minister Stuart Nash says the government has now established the structure to enable automated and direct data exchange between the accounting systems of buyers and sellers. “The move to ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • More frontline biosecurity officers protecting NZ
    Another 51 quarantine officers and four new biosecurity detector dog teams will help protect New Zealand from invasive pests and diseases this summer, says Biosecurity Minister Damien O’Connor. “The Government is delivering on its commitment to strengthen New Zealand’s biosecurity system and support our valuable primary sector “New Zealand’s flora, fauna ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • NZ space economy worth $1.69 billion
    A new report has found New Zealand’s space sector contributed $1.69 billion to the economy in the last financial year and employs 12,000 people, Minister for Economic Development Phil Twyford announced today. The report by Deloitte was commissioned by the Ministry of Business, Innovation and Employment and shows New Zealand ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New Chair for Royal Commission into Abuse
    Judge Coral Shaw has been appointed as the new Chair of the Royal Commission into Historical Abuse in State Care and in the Care of Faith-based Institutions, Internal Affairs Minister Tracey Martin announced today. "Judge Shaw, who is currently one of the inquiry commissioners, is extremely well qualified for the ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Better mental health facilities for Palmerston North
    The Government has confirmed its third major mental health facility upgrade since the Budget, this time at Palmerston North Hospital. The Prime Minister and Health Minister today visited MidCentral DHB to announce that $30 million has been allocated to upgrade its acute mental health facility. It follows earlier announcements in ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Bowel Screening hits halfway point
    The roll out of the National Bowel Screening Programme has reached the halfway mark, with 10 out of 20 District Health Boards now part of the programme. MidCentral DHB, which covers Palmerston North, Manawatu and surrounding districts, this week became the latest to DHB to offer free bowel screening to ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • More vaccines for meningococcal disease
    The Government welcomes PHARMAC’s decision to fund a vaccine to protect young people from meningococcal disease from 1 December this year. “Meningococcal disease is a serious threat which people at higher risk should be protected from,” says Associate Health Minister Julie Anne Genter. “The combined pharmaceutical budget was increased by ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Fisheries innovation projects supported
    Groups involved with innovative fisheries research projects are encouraged to apply for government support in the latest funding round from the Sustainable Food and Fibre Futures programme. Fisheries Minister Stuart Nash says the SFF Futures funding is designed to be flexible enough to support small or large projects across a ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government fixes culturally arranged marriage visa issue
    The Government has fixed an issue affecting how Immigration New Zealand has processed visa applications for culturally arranged marriages, which will now see a consistent process applied which ensures people with legitimate arranged marriages can visit New Zealand while also preventing any rorting of the system. Earlier this year Immigration ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Extension for Royal Commission into Mosque attacks
    The Royal Commission into the Attacks on Christchurch Mosques will report back on 30 April 2020 to give it more time to hear submissions and consider information, Internal Affairs Minister Tracey Martin announced today. The Royal Commission was originally scheduled to report back to Government by 10 December 2019. “There has ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Terrorism and Trade on agenda as Foreign Minister visits the United States
    Foreign Minister Winston Peters will travel to Washington DC today to attend a ministerial meeting focused on defeating ISIS, and to continue pursuing New Zealand’s trade opportunities. Mr Peters will participate in a meeting of Foreign and Defence Ministers from key countries contributing to the Global Coalition to Defeat ISIS. ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Hoiho get extra support alongside 168 community conservation groups backing nature
    The recently crowned Bird of the Year, the hoiho/yellow eyed penguin, is getting a much needed helping hand alongside more than 168 other community conservation projects announced Minister for Conservation Eugenie Sage today. 168 community conservation projects throughout New Zealand are benefiting from $8 million in government grants, including $500,000 ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New safety measures for modified pistols
    Controls on assault rifles and semi-automatic firearms are to be broadened to include some types of pistols, under changes to a bill currently making its way through Parliament. Police Minister Stuart Nash has tabled a Supplementary Order Paper to the Arms Legislation Bill, which is currently before a Select Committee ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Minister of Defence to visit Singapore and Thailand
    Minister of Defence Ron Mark will travel to Singapore today to conduct a counterpart visit and to co-chair the third annual Singapore-New Zealand Defence Ministers’ Meeting with his counterpart, Minister for Defence Dr Ng Eng Hen. “Singapore is one of our most important defence partners in the region, and our ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Future secured for Salisbury School
    Nelson’s Salisbury School is to be rebuilt, creating a modern and suitable learning environment for students at the residential special school, Education Minister Chris Hipkins and Associate Education Minister Tracey Martin announced today. The school for girls aged 8-15, in Richmond, was earmarked for closure by National until the process ...
    BeehiveBy beehive.govt.nz
    2 days 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
    3 days 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
    3 days 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
    3 days 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
    3 days 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
    3 days 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 ...
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    3 days 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 ...
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    3 days 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
    4 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 ...
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    4 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 ...
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    5 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
    1 week 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 ...
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    1 week 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 ...
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    1 week 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
    1 week 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 ...
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    1 week 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
    1 week 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
    1 week 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 ...
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    1 week 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 ...
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    1 week ago