The Standard

Economy

Posts on the economy, work, business, income, and labour

Categories under Economy

Happy Labour day

Written By: - Date published: 8:00 am, October 28th, 2019 - 20 comments

Happy Labour day everyone.  Have a great day. And don’t forget the importance of the Labour movement and of collective action in preserving and enhancing our quality of life.

The Government-Auckland relationship

Written By: - Date published: 1:22 pm, October 25th, 2019 - 26 comments

The Sky City National Convention Centre fire brings the Government Auckland relationship to a very sharp edge. It was tense before. It’s worse now.

Dog whistling Housing Corp tenants

Written By: - Date published: 12:35 pm, October 25th, 2019 - 29 comments

National has announced that it will put an end to a “state house for life” if it gets into power next year.  But its rationale is not only cruel but based on a faulty understanding of the local reality.

Fire in the Sky – Smoke in the city

Written By: - Date published: 7:28 am, October 25th, 2019 - 20 comments

Joe Carolyn from Unite Union has posted on the effects of the Sky Convention Centre fire on workers at Sky City.

Farmers given a chance. I think National will screw it up for them.

Written By: - Date published: 8:11 am, October 24th, 2019 - 21 comments

One of the less endearing traits of National is their ability to screw almost anything up for short-term advantage regardless how it impacts long-term. Usually this comes from the results of in-fighting within the party. The agricultural emissions deal is likely to get caught again.

Why unions won’t give up on Fair Pay Agreements

Written By: - Date published: 7:11 am, October 18th, 2019 - 40 comments

The CTU has launched a campaign to raise awareness about a discussion paper released by the Government on fair pay agreements amongst media comment that government support may not be secure.

One News Colmar Brunton Poll Oct 2019

Written By: - Date published: 6:21 pm, October 14th, 2019 - 121 comments

The October TV One/Colmar Brunton poll is out. Like yesterday’s devastating TV3 poll result showing National not waving, but drowning, today’s poll confirms that NZ is still heading toward an historic Labour/Green Government, despite the Tories flirting with numbers in the high fifties.

UPDATE: Some weirdness with the numbers: they add up to 101% and 47% does not actually give National 60 seats, so the ‘Poll Says National Can Govern’ headlines are a wee bit optimistic.  TRP.

$7.5 billion surplus

Written By: - Date published: 2:08 pm, October 8th, 2019 - 101 comments

The Government has announced a $7.5 billion dollar surplus.  Is it time to start spending?

Rates, debt, growth and PPP

Written By: - Date published: 9:38 am, October 8th, 2019 - 33 comments

Stuff had an interesting piece looking at rates, taxes and local infrastructure “Rates are much lower than you think, and they’re responsible for miserable growth in cities”. They just missed out one crucial factor. The way that PPP debates often block infrastructure. Interesting that got missed..

National’s plans to torment poor people leaked

Written By: - Date published: 8:08 am, October 4th, 2019 - 110 comments

National’s plans to torment poor people for political gain have been leaked.

China independence day

Written By: - Date published: 4:17 pm, October 1st, 2019 - 91 comments

October 1st is the National Day of the People’s Republic of China. They like to make it a big day, bigger than the United States’ July 4th. It’s called Golden Week because they all really holiday and reconnect across the country. They shop like lock forwards pack down. It’s massive. As the 70th event, it […]

The Government’s Economic Development Plan

Written By: - Date published: 7:35 am, September 30th, 2019 - 15 comments

Last week the government launched its Economic Development Plan, arguably late but with lots of useful initiatives.

Fonterra, again

Written By: - Date published: 9:15 am, September 29th, 2019 - 24 comments

Why New Zealand – and its government – need to engage much harder about Fonterra.

Battery power gets way more interesting

Written By: - Date published: 10:10 am, September 27th, 2019 - 35 comments

Anyone who has been around tech for the last couple of decades will be aware of the liberating and industry disruptive effect of batteries. This caught my attention – “Tesla May Have Invented a Million-Mile Electric Car Battery”. It was well worth the read.

Fairy tales of eternal economic growth

Written By: - Date published: 8:13 am, September 24th, 2019 - 67 comments

Greta Thunberg has spoken at the UN Climate Change summit and has warned the world that it is stealing the dreams and hopes of young people through its failure to address climate change.

The NZIER Report on dairying and fresh water

Written By: - Date published: 8:47 am, September 20th, 2019 - 19 comments

“New Zealand does not face stark choices between having a dairy sector versus having clean waterways. Experience shows that, by focusing on profits, not production, farms can increase their economic returns and reduce their impact on the environment.”

Where is the Government on oil reliance?

Written By: - Date published: 7:57 am, September 19th, 2019 - 14 comments

Even though New Zealand is one of the most oil-reliant countries on earth, the Government has a disturbing lack of a plan for security of supply.

Macron speech – The end of Western hegemony

Written By: - Date published: 2:09 am, September 19th, 2019 - 21 comments

France President Macron’s remarkable and wide-ranging speech to French ambassadors after France hosted the recent G7 conference in Biarritz is well worth a read. He lays it all out – so much better than Trump’s tweets or BoJo’s bluster.

How This Government Can Still Win

Written By: - Date published: 8:13 am, September 16th, 2019 - 91 comments

Some suggestions on how Labour can retain power at the next election.

National are lighting political dumpster fires while the Amazon burns

Written By: - Date published: 7:15 am, August 27th, 2019 - 47 comments

New Zealand’s poster boys for late stage capitalism’s dying throes are fools of the highest order.

National tacks right

Written By: - Date published: 3:35 pm, August 26th, 2019 - 44 comments

National has released its economic policies for the next 12 months and they have a decidedly backward feeling about them.

Kill us now, or choose life.

Written By: - Date published: 7:13 am, August 23rd, 2019 - 27 comments

The Amazon burns. The Arctic is on fire. We won’t be able to eat or breath our electric cars, but we still have time to choose a different path.

Labour and welfare

Written By: - Date published: 7:34 am, August 22nd, 2019 - 93 comments

Many of us wanted to believe that the Ardern-led compassion would apply to all New Zealanders, but Labour’s defence of highly punitive benefit sanctions tell us it doesn’t.

Fonterra failure and Government failure

Written By: - Date published: 7:38 am, August 19th, 2019 - 95 comments

Fonterra is dragging New Zealand down, faster and faster.  What is this Government going to do?

Slowing economy?

Written By: - Date published: 7:30 am, August 14th, 2019 - 39 comments

In May this year the New Zealand Treasury was projecting growth accelerating from 2.4% to 3% in 2019-20 while the Reserve Bank has pessimistically cut interest rates to 1%. Both can’t be right.

Do poor people and women exist in right wing economics land?

Written By: - Date published: 7:30 am, August 13th, 2019 - 125 comments

David Seymour has written a critique of Deborah Russel’s review of the hard right economic tome “Economics in one lesson”.  And totally missed the point of what she was saying.

Police – ignoring their job in Southland

Written By: - Date published: 8:57 am, August 12th, 2019 - 49 comments

“Allegations of trespassing and intimidation as Southland winter grazing protest escalates” yesterday. The reporter completely missed the most important salient point – the police don’t seem to be doing their job. Leaving a pissed lynch mob of farmers trying to force people out of their house to ‘talk’ to them is pretty clearly an act of intimidation. And that doesn’t even cover the original idiot farmer who is alleged to have rammed someone’s car.

Should the Government spend massively more?

Written By: - Date published: 3:18 pm, August 8th, 2019 - 58 comments

With yesterday’s announcement by the Reserve Bank to cut interest rates by 1%, some are suggesting that the government should embark on a massive public works spree to stimulate the economy while increasing national debt at low interest rates.  But Kiwisaver reform may be more effective.

Maybe we should take the plane

Written By: - Date published: 7:42 am, August 7th, 2019 - 119 comments

Activist Greta Thunberg is attending a United Nations global warming summit in New York, and will get there by boat not airplane.  But should she consider flying?

Five days is a long time in politics

Written By: - Date published: 2:20 pm, August 6th, 2019 - 27 comments

Five days ago Simon Bridges predicted that unemployment had gone up.  The latest figures show that the unemployment rate is at its lowest rate for the past eleven years. Update: My enthusiasm was too high. It has been pointed out to me that the Bridges tweet was from last year. My apologies to Simon …

Institutional poverty

Written By: - Date published: 12:34 pm, August 3rd, 2019 - 32 comments

Christchurch City Council have provided hundreds of social housing tenants with bubble wrap and a mop instead of insulating their houses.