Is RBNZ ignoring deflation bogey?

Is Reserve Bank Governor Graeme Wheeler so concerned about the bogey of Auckland’s housing bubble that he is underestimating an equally nasty bogey – deflation? Deflation will certainly cure the problem of the property bubble, but that cure will be at a terrible cost.

War Veteran’s superannuation cancelled because of Government policy

National is the master of micro changes to policies which give it the appearance that it is being hard on beneficiaries.  But in extreme cases the policies produce ridiculous results.  Such as the 89 year old war veteran who lost his superannuation and was forced to beg after had an arrest warrant issued for trespass.

Keep Calm and Carry On

Regular commenter Paul rounds up the links you need to read to prepare yourself for the coming second GFC. National won’t be able to pass this one on to future generations by loading NZ up with crippling debt. We’ll be paying for GFC2 economically, socially and personally, right here, right now.

Jane Kelsey on TPPA

Jane Kelsey on why the TPPA is a bad deal and why we should keep fighting it. Movies courtesy of Bryan Bruce. And don’t forget the public meetings scheduled this week where Jane Kelsey and Lori Wallach will speak.

NZ participating in climate fraud

An article that appeared on December 26th in the Dom Post is much too important to be left languishing in the Christmas news vacuum. “We [NZ] have been the biggest abuser of fraudulent carbon credits. Someone should be answerable as an accessory to the fraud.”

Stay Classy: TV3’s Newshrub.

TV3 have announced they are getting out of the news business and getting into cross platform media hotdesking across the continuum of diminishing eyeballs. Welcome to TV3 Newshrub, the place where no news is good news!

62 vs 3.6 Billion

Ever widening inequality generates ever more astonishing statistics – suck up economics in action. The super-rich are laughing all the way to the bank.

Skill shortages and reaping what you sow

Data released to the Sunday Star-Times shows a huge decline in numbers of tertiary students, including declines in many key skills and fields. Various explanations are offered, only one of them makes sense…

The unexpected oil crisis

The world is currently facing a problem that even a few years ago was unthinkable.  Oil is cheap and demand has dropped out of the market.  What are the geopolitical implications of this?

Gender Pay Gap: Average Wage Graph telling

Now maybe it’s because I’m a bloke, but looking at this graph I couldn’t help but think: wouldn’t it be better to close the pay gap for women by increasing their wages rather than decreasing men’s?

National’s vision for New Zealand’s future

Stephen Joyce has had published an opinion piece in this morning’s Herald which extolls the virtue of free trade and ignores the pitfalls.  Such as those shown this week when TransCanada sued the US Government for rejecting the Keystone XL pipeline contract.

The problem with free market capitalism

This morning’s Herald contains a story about a young man who with a family gift has managed to purchase eleven houses over the past five years and can afford to pay World of Warcraft all day.