There is an interesting* post at Highly Allochthonous looking at the likely reasons and type of the earthquake (hattip: NickS). It appears to be quite a shallow rupture, on the Canterbury Plains close to Christchurch, and the focal mechanism indicates largely strike-slip motion. New Zealand…
I was alerted to the Christchurch earthquake this morning by comments in OpenMike. Since then I've been sating myself on NatRad's excellent coverage. But after determining the extent of the damage, I started looking at the Hawkes bay earthquake in 1931 which was the last…
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Whatever flimsy and tattered remains of Labour-lite which National used to disguise itself at the 2008 election has well and truly disappeared. Thank goodness we can now call a spade a spade. National is making its priorities crystal clear to the public. On a week…
Important issues: - quarter of a million jobless Kiwis - falling wages - health and education cuts - denial of democracy in Canterbury and Auckland - the government's gutting of our national savings policies - Kiwisaver and the Cullen Fund - the government's gutting of…
Due to the discrepancies in the spread of knowledge the free-market is irrational but there is no doubt that we, collectively, have the needed information to make more rational decisions. The problem that occurs is that neither the knowledge nor the tools to help make…
A year ago, commercial building consents fell off a cliff as firms cut investment because of the recession. Now, that's flowing into a big slow-down in the construction industry. NZIER says 20,000 jobs are at risk. The latest NZIER quarterly predictions slashed growth forecast for…
So, according to Maurice Williamson, we're all racist. The Land Information Minister is currently deciding whether a Chinese consortium can buy 16 former Crafar farms. So we know what he's softening us up for. People's concerns with that deal I'm sure have nothing to do…
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We've heard a lot from the apologists about how there was no alternative to the South Canterbury Finance bailout in the last couple of days. It's come with a whole lot of talk about the details focused on who let SCF into the scheme (answer…
From the Herald: "On Tuesday evening, a Herald source saw Mr Maier on an Air NZ flight leafing through a document which the source was able to identify as an "agreement for sale and purchase to sell South Canterbury Finance Ltd to Permanent Investments Ltd…
...The Diplomatic Protection Squad investigation demanded by Anne Tolley after a teacher used a fake letter from her as creative writing material? ...Coldplay's breach of copyright talks with National over their unauthorised use of 'Clocks' on the sound track to the 'John Key - Insipid'…
To find out who it is, click here. Will this individual's personal file be read out in Parliament by Paula Bennett? Will this beneficiary's sex life be investigated by WINZ as grounds for disqualification? Will this beneficiary be required to go to through an endless…
A milestone in America's disengagement from Iraq was passed recently: Obama: No Iraq victory lap as combat mission ends President Barack Obama declared the U.S. combat mission in Iraq officially over on Tuesday but said he would not take a "victory lap" because a lot…
Despite how (and for whom) National Ltd govern, the nation state is still not a business; nor will it ever be. Bryan Gould has a good article on the difference between government and business - and why businessmen often make bad politicians (take note Steven…
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One of the frequent criticisms of political journalism is that it is more concerned with the art or sport of politics - awarding politicians points for doing things that they judge to be good politics - than with the substance of their policies and how…
The Standard has been running for three years. It's carved out a solid niche for itself in the NZ blog space. We've had a recent theme upgrade and established a trust for the advertising income. Our hard working Sysadmin just introduced multi-site capability to enable…
Key says his personal relationship with Obama (met the guy twice) means he can call him. Don't think it's your winning grin mate. Think it's because you're PM of New Zealand. Anyway, this ain't a game of collecting phone numbers, John. You've got to deliver…
In some economic theory a moderate rate of unemployment is a Good Thing. It creates a pool of cheap (even desperately cheap) labour for capitalists - a reserve army of labour. It is thought to keep inflation down (in the short term). From a cold-blooded…
It takes a special kind of idiot to think that cutting education and health spending is a good idea. These two things are the foundation of our economy and our society. If we want to be a wealthier, better nation in the future, we need…
The retail deposit guarantee scheme, which has just led to the government handing over $1.7 billion of borrowed taxpayer money to the depositors in South Canterbury Finance, was extended less than a year ago. There are now serious questions being asked why SCF was allowed…
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In the comments section today George pointed out the numbers on the bailout: That’s a $400 loss per taxpayer. Or an average $48,500 gain (including 8.5% return) for SCF investors. Meanwhile. teachers are being refused flu shots because they cost too much. I get slightly…
The government is canning its already too-small and ill-directed Community Max programme. $40 million was a pathetic amount that created, at best, just 3,000 temporary jobs when quarter of a million Kiwis are jobless, 68,000 of them aged 15-24. The government didn't bother to put…
National's big election promise in 2008 was to close the wage gap with Australia. They're failing, as our wages fall behind theirs under National's economic mismanagement and employer-centric policies. But there are some who are doing better than others in the pay stakes: Union members.…
South Canterbury Finance is on the brink of collapse. The plan appears to be for the government to purchase the bad loans from the company at twice their book value, giving SCF the cash it needs to get back on its feet. That's a dumb…
According to John Key, teachers who want to maintain reasonably class sizes and free flu vaccines are disconnected from the real world. That would be the real world of hanging out with the Queen and spending $1.5bn on finance companies I guess. What a dick.
The Herald's top story today screams "Strikers' Helpless Victims" and carries the story of a couple whose child has had elective surgery delayed because of industrial action. Oh those dastardly unionists. Problem is the couple don't seem to have anything bad to say about the…
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