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This week saw a significant development in Artificial Intelligence (AI), with a Google program AlphaGo resoundingly beating the human champion at Go. This is significant because, unlike chess, Go is difficult to crack with brute-force search. It requires pretty abstract pattern recognition and (what we…
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Banks create money out of nothing all the time. When governments do it the process is dressed up in the pseudo-technical term "quantitative easing". There's a lot of debate about QE, but some credit it with saving both the American and the European economies after…
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Open mike is your post. For announcements, general discussion, whatever you choose. The usual rules of good behaviour apply (see the Policy). Step up to the mike …
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Seems like not everyone in America is going to roll over for Trump: Trump rally in Chicago abruptly postponed over safety concerns A Donald Trump rally in Chicago was postponed at the last minute on Friday, on the advice of law enforcement authorities over “safety…
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The simple answer is - the banks are. Both as fiduciaries of their farming clients, and as prudent lenders exercising financial responsibility on behalf of their shareholders. Of course, that's in some kind of dream world, where the banks do not engage in the massively…
business capitalism debt / deficit Economy exports farming Financial markets treasury
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' Long serving diplomat and New Zealand's Chief Negotiator for the Trans Pacific Partnership, David Walker, was yesterday presented with the 2016 Dick Of The Year award. The award was presented to David Walker on behalf of the vast majority of New Zealanders by activist…
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The trouble with a born to rule party full of individuals who think they are a cut above the rest is that they occasionally make mistakes by thinking that the rules do not apply to them. Young Todd Barclay in Bill English's seat of Clutha…
bill english john key Media national national/act government same old national
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Russel Norman is still commenting on politics - and he's still making a lot of sense: https://twitter.com/RusselNorman/status/707662721450283008 https://twitter.com/RusselNorman/status/707666722052972544 https://twitter.com/RusselNorman/status/707735400849092608 https://twitter.com/RusselNorman/status/708138801722339330 Oil was always speculation. Gambling on bulk milk is turning in to an economic disaster, and the intensive farming methods required are trashing the environment.…
Conservation economy farming farming russel norman sustainability
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Open mike is your post. For announcements, general discussion, whatever you choose. The usual rules of good behaviour apply (see the Policy). Step up to the mike …
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Daily review is also your post. This provides Standardistas the opportunity to review events of the day. The usual rules of good behaviour apply (see the Policy). Don’t forget to be kind to each other …
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Porirua Mayor Nick Leggett says he will announce his decision about running for Mayor of Wellington at a launch later this month. It sounds like he has already made up his mind about what he is running for; the real question is what is he…
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Following on from the Kawerau seige, Labour has called for an inquiry into the hidden and illegal gun market. Spokesperson Stuart Nash says that the time is right for an independent look into gun culture in NZ, a discussion which he says needs to go…
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https://www.youtube.com/watch?v=k9NYzXKSJqs&feature=youtu.be As Iain said congratulations to everyone with a special thanks to: The Unite Union The Council of Trade Unions The Green Party New Zealand First Marama Fox Even Peter Dunne Even Michael Woodhouse who reached out and shifted when it was needed.
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Yesterday I wrote about intergenerational theft, the way that "the millineials" are getting systematically screwed by economic factors such as unemployment, debt, rising house prices, and static incomes. In comments Olwyn objected to the generational framing, arguing that "what we are looking at is the…
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Open mike is your post. For announcements, general discussion, whatever you choose. The usual rules of good behaviour apply (see the Policy). Step up to the mike …
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Daily review is also your post. This provides Standardistas the opportunity to review events of the day. The usual rules of good behaviour apply (see the Policy). Don’t forget to be kind to each other …
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Guest Post: By Simon Louison Seemingly asleep-at-the-wheel, Reserve Bank Governor, Graeme Wheeler, apparently snapped awake today when he announced a surprise quarter point cut to the Official Cash Rate to 2.25 percent. Wheeler finally realised things were that bad, realising more stimulatory medicine was needed…
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A lot of people out there couldn't give a stuff about the TPP because they don't see it affecting them. This might change their minds: Watching US Netflix looks set to become an offence Getting around blocks on overseas online television services such as the…
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Earlier in the week The Guardian published this very interesting piece: Revealed: the 30-year economic betrayal dragging down Generation Y’s income Exclusive new data shows how debt, unemployment and property prices have combined to stop millennials taking their share of western wealth We all know…
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In 2014 the Nat party campaign video used music that sounded a lot like Eminem's "Lose Yourself". Eminem sued. Campaign manager Steven Joyce (aka Mr Fuxit) famously described their actions as "pretty legal". National clearly think that's good enough, but the court might beg to…
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Open mike is your post. For announcements, general discussion, whatever you choose. The usual rules of good behaviour apply (see the Policy). Step up to the mike …
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Bernie Sanders has just won the Michigan Democratic primary. Polling guru Nate Silver of 38degrees said that given that Sanders was behind by an average of 21.3% in all polls leading up to the vote, if Sanders won Michigan it would count among "the greatest…
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Daily review is also your post. This provides Standardistas the opportunity to review events of the day. The usual rules of good behaviour apply (see the Policy). Don’t forget to be kind to each other …
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A Government-ordered review (by Sir Michael Cullen and Dame Patsy Reddy) of NZ's spy agencies has just been released: GCSB may be given permission to spy on Kiwis' private information New Zealand's foreign intelligence agency should be able to spy on Kiwis' private communications, a…
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A good piece by Dan Satherley on Newshub: Health law expert rips into TPP The recently signed Trans-Pacific Partnership (TPP) will "dramatically" restrict access to affordable medicine in every country that ratifies it, according to a US law expert. Writing in scientific journal PLOS Medicine,…
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By now you’ll probably have received your voting papers for the flag referendum, and I know that a lot of you won’t be bothering to vote, or will be voting to stick with the current flag. I have already tried to explain how important this…
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This is appalling: Health Ministry sought to recoup costs of $18m bungle from DHB budgets Treasury was forced to object to the Health Ministry recouping the cost of an $18 million blunder, over an office refurbishment, from District Health Boards (DHBs). So "serious financial mismanagement"…
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The Government is proposing sweeping changes to the Resource Management Act. They had planned for even more radical change but the support parties refused to commit so the proposal to weaken the goal of environmental protection by merging sections 5 and 6 of the RMA…
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Open mike is your post. For announcements, general discussion, whatever you choose. The usual rules of good behaviour apply (see the Policy). Step up to the mike …