Posts on the economy, work, business, income, and labour
Written By: - Date published: 10:08 am, March 23rd, 2011 - 47 comments
Owners of businesses in the red zone CBD want brief access to their premises to retrieve items and data that are vital to whatever remaining chance they have of keeping their enterprises alive. The government is refusing access on the grounds of safety. There’s right on both sides of the issue, but whatever happened to informed consent?
Written By: - Date published: 8:40 am, March 23rd, 2011 - 32 comments
“The Prime Minister’s out of touch. Here’s a man who got well over$1000 a week from his own tax cuts… He may know where his bread is buttered on but it’s a different side of the loaf to most Kiwis… who every time they go to the supermarket are asking “how come this trolley of groceries is costing $20 or $50 more than it seemed it did last week’?”
Written By: - Date published: 12:07 pm, March 22nd, 2011 - 30 comments
John Armstrong’s contacts in National are telling him that Working for Families and student loans are the targets for cuts in this year’s budget. He also reveals the real reason for National opposing the widely-supported earthquake levy: putting on a tax would be an admission that tax cuts for the rich were a mistake in the first place.
Written By: - Date published: 8:31 am, March 22nd, 2011 - 17 comments
According to Scoop, the PM is telling porkies about the average income of New Zealanders. On behalf of the various authors here at The Standard I’d just like to say, well, gosh! — imagine our surprise.
Written By: - Date published: 9:18 am, March 21st, 2011 - 18 comments
On Friday, the government sent out a Request for Proposal for building companies to build 2,500 temporary modular homes in Christchurch. It looks like step towards the rebuilding plan I and others have been suggesting for the past couple of weeks. Now, lets see an aggressive timetable and a plan for what comes next.
Written By: - Date published: 10:57 am, March 20th, 2011 - 32 comments
The SST’s John Hartevelt is shocked by National’s decision to pay out millions for Christchurch rugby business while ordinary people live in shattered homes and lose their jobs with meager support. He asks whether the Nats have lost their moral-political bearings. In fact, this is a perfect example of National’s elitist philosophy.
Written By: - Date published: 6:00 pm, March 18th, 2011 - 16 comments
Well-known Wellington artist Bob Kerr has produced a series of paintings on “The Three Wise Men of Kurow”, Davidson the teacher, McMillan the doctor and Nordmeyer the clergyman; three friends whose conversations in the small South Island town in the 1930’s laid the foundations for New Zealand’s welfare state. They are on brief show at […]
Written By: - Date published: 8:47 am, March 18th, 2011 - 73 comments
There’s a large number of reports coming out of Christchurch of businesses that have been demolished without Civil Defence consulting with the owners, as is procedure, and giving them a chance to recover vital equipment and records first. Disturbingly, some of these demolitions seem to have been carried out by ‘cowboys’ without CD approval.
Written By: - Date published: 11:01 pm, March 16th, 2011 - 97 comments
Me & others: How come the government seems to have no plan for rebuilding Christchurch or desire to get one?
Righties: Well, um, Key’s awesome and, anyway, what’s your plan, smart-arse ?
Me: I’m not the government, rebuilding Christchurch isn’t my job. But here’s where I would start.
Written By: - Date published: 2:42 pm, March 16th, 2011 - 9 comments
As I predicted in this post last year, productivity has risen sharply in the latest stats but for all the wrong reasons.The Herald gushes “NZ employers squeeze more out of fewer workers” but that’s fundamentally wrong. We’re getting less out of even fewer workers. “Labour input” fell 4.3%, while GDP fell 0.8%. Why anyone would think this is a Good Thing is beyond me.
Written By: - Date published: 1:04 pm, March 16th, 2011 - 100 comments
Bill Maher takes a swipe at the ‘Undercover Boss’ and ‘Secret Millionaire’. “TV used to give Americans the reverse fantasy: what if you, normal person, were a millionaire. Now it says, oh who are you kidding? You’re lucky to hold your job frying chicken parts. But what if you were briefly introduced to a millionaire? You could touch his garments.”
Written By: - Date published: 12:03 pm, March 16th, 2011 - 17 comments
This week’s Sunday Star-Times was full of stories about unaffordable food, housing and fuel affecting the country’s urban dwellers, nowhere more so than in Auckland. Meanwhile the shortage of housing after the earthquake promises huge rent and house price hikes for Christchurch, assuming the locals don’t flee and push up house prices elsewhere.
Written By: - Date published: 12:04 am, March 16th, 2011 - 128 comments
There’s been increasing concern over the past week or two that not only has the government failed to communicate its plan for the Christchurch recovery, it doesn’t actually have one, and isn’t particularly worried about getting one. Yesterday in the House, Labour took Key to task on this important issue. And he was found terribly wanting.
Written By: - Date published: 2:19 pm, March 15th, 2011 - 9 comments
No Right Turn says all that is required on another of Nationals aspirational failures.
For the past year, the government has been talking a lot about “boosting science and innovation” as the “keys to economic growth”. Today, we saw the reality behind that talk, with news that NIWA is planning to sack 5% of its total workforce:
Written By: - Date published: 11:37 am, March 15th, 2011 - 32 comments
Written By: - Date published: 8:53 am, March 15th, 2011 - 125 comments
So, how are you enjoying your brighter future? Not too flash, eh? GST up. Wages down. No jobs. More crime. Earthquakes. Oil and food shocks. No bloody cycleway. Discretionary income (after tax, housing, food, transport) is down about 15%. No wonder Kiwis don’t believe Key and National can deliver on their promises.
Written By: - Date published: 8:42 am, March 14th, 2011 - 53 comments
The other day I was arguing $100 a barrel oil equals a global recession. I wanted be more precise: is there a certain price of petrol, above which the economy goes into recession? There is, and we’re way above it. The political upshot: the best way to promote growth is decreasing our oil dependence.
Written By: - Date published: 12:13 am, March 13th, 2011 - 186 comments
The Sendai Earthquake cut the power supply to the pumps at Fukushima Daiichi nuclear plant. With no cooling water being pumped through the reactors, the nuclear fuel rods heated themselves until reactor 1 melted. But it should have been OK. The containment building should have kept the radiation from escaping. Then an explosion blew the containment building apart.
Written By: - Date published: 1:10 pm, March 11th, 2011 - 19 comments
As we wait to see what Saudi Arabia’s ‘Day of Rage’ will bring and if it will send oil prices into the stratosphere, some economists, including our Reserve Bank Governor, are trying to pretend we’re not in the midst of an oil shock and there is no threat to the economy. They’re dead wrong.
Written By: - Date published: 7:22 am, March 11th, 2011 - 126 comments
Mayor Bob Parker has described landlords hiking rents in Christchurch as “looting by another name”. I think the majority of us would feel as Parker does — it seems simply wrong to exploit people for profit in a time of tragedy. But look around. It’s just unregulated capitalism in action. There’s an awful lot of it about.
Written By: - Date published: 12:00 pm, March 10th, 2011 - 69 comments
Facing a housing shortage in Auckland now and a massive rebuilding programme in Christchurch to come, the Government has announced the biggest public building initiative since World War 2. Thousands of unemployed young people will be paid to train as apprentices in building trades and contribute to their country’s future.
Written By: - Date published: 10:16 am, March 10th, 2011 - 34 comments
Digested: the Reserve Bank cuts rates, the dollar weakens, oil prices rise and Sovereign Homes goes out of business.
Written By: - Date published: 10:59 am, March 9th, 2011 - 20 comments
Hey National – stop lying and inventing dodgy stats to try and prove that we’re all better off. The tax cut received by most people was derisory, and the cost of living is shooting up fast. Even the Kiwiblog heartland isn’t buying the lies. If you can’t convince them, you can’t convince anyone…
Written By: - Date published: 9:16 am, March 9th, 2011 - 23 comments
Last week, John Key said that, due to the earthquakes, “from June to June, my guess is that we’ve lost $12 billion in GDP”. Later, he said it was $15b over 4 years due to the quakes. Now, Treasury says most of that $15b is from the recession Key and English had led us into before the quakes. The Nats are trying to use the quakes to hide their failings.
Written By: - Date published: 6:18 am, March 9th, 2011 - 58 comments
I/S at No Right Turn has done more excellent work. He’s revealed the official advice Kate Wilkinson was given on the minimum wage. The advice says there is a trade-off between jobs and the minimum wage, but even a rise to $15 an hour would cause an increase wages for low-income earners well above the cost in jobs.
Written By: - Date published: 6:12 pm, March 8th, 2011 - 136 comments
Key has been caught out bullshitting about the earthquake again.
This time about how many houses will have to be destroyed.
With so much uncertainty surrounding the quake and its aftermath already that’s not good enough.
Key needs to show some leadership.
Written By: - Date published: 11:28 am, March 7th, 2011 - 51 comments
I thought that with a devastating earthquake, a record oil/food price spike, an unemployment tsunami, and a double-dip recession that the Nats’ apologists might have realised it was time for honest discussion of the issues and solutions. Instead, they’re still trying to bury our heads in the sand.
Written By: - Date published: 9:04 am, March 7th, 2011 - 24 comments
You know things are bad when the AA is saying that high petrol prices are here to stay and there needs to be more investment in public transport. Global supply and demand is so tight that tiny disruptions are causing massive spikes. What if Saudi Arabia erupts?
Written By: - Date published: 7:40 am, March 7th, 2011 - 62 comments
The government has a fair bit on its plate right now, like the Christchurch quake, and the hammering that ordinary folk are getting from the cost of living. So its reassuring to know that the PM’s office has its eye on the ball. It’s all over the “important issues”…
Written By: - Date published: 11:16 am, March 6th, 2011 - 81 comments
Peak oil, peak food, peak metals, climate change. By over-exploiting the world, we have enjoyed tremendous improvements in the standard of living. And now the payback is coming. We’re clearly on a downward economic slope. Things have been going backwards for 3 years and the outlook is worse, not better. But it’s not the end of the world.
Written By: - Date published: 12:12 pm, March 5th, 2011 - 28 comments
3065 people have already claimed the special benefit for people left unemployed due to the Christchurch earthquake. Once that payment expires in a few weeks they’ll be on the dole, if they’re eligible. The quake killed and did physical damage in seconds but, without action, it will keep strangling the economy and taking jobs for […]
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