Category Archives: NZ Economy

AIR New Zealand: Super Fund move raises BDS questions | AIJAC — NZ Friends of Israel Association Inc

Questions over just how much influence the Boycott, Divestment and Sanctions (BDS) movement has in New Zealand are being voiced following the NZ Super Fund’s recent divestment from five Israeli banks. In March, the Guardians of New Zealand Superannuation, an autonomous crown entity and manager of the NZ$50 billion NZ Super Fund, announced it was…

via AIR New Zealand: Super Fund move raises BDS questions | AIJAC — NZ Friends of Israel Association Inc

The supermarket study — Kiwiblog

Stuff reports: Supermarkets will be subjected to a year-long “market study” by the Commerce Commission to see if they are offering consumers fair prices and their suppliers a fair deal. Those two things are somewhat contradictory. The better the deal for suppliers, then the higher the prices are for consumers. Groceries are one of our…

via The supermarket study — Kiwiblog

Government , National both announce hot air on dealing with Covid-19 effects on the economy — Your NZ

Two economic announcements today, one from the Government, one from the National Party, are dripping with political campaigning. The Government has announced they will be making announcements this week, and are assuring media they have already done some things to help businesses adversely affected by the Covid-19 virus. Beehive: Next steps of Govt and business […]

via Government , National both announce hot air on dealing with Covid-19 effects on the economy — Your NZ

Business Confidence at ‘Dismal Levels’ — The BFD

 

Things are volatile in the world at the moment, but the sky hasn’t fallen in just yet. The Brexit debacle rolls on and on; no one is winning and no one is allowed to go anywhere. Trade sanctions are having an effect, but not disastrously. In many ways, it is business as usual, although historically…

via Business Confidence at ‘Dismal Levels’ — The BFD

Johnson adamant UK will withdraw from Brexit by 31 October, EU not negotiating — Your NZ

Since becoming Prime Minister last month Boris Johnson has been working towards getting the United Kingdom out of the European Union by 31 October. Negotiations between the UK and EU are at a stalemate, with the EU saying the Withdrawal Agreement is not up for negotiation, . Attempts are being made by Europhile MPs to […]

via Johnson adamant UK will withdraw from Brexit by 31 October, EU not negotiating — Your NZ

The Government Is Going to Wreck Our Economy — The BFD | Media

The Greens conference at the weekend may have been mostly done behind closed doors, but snippets came out, including James Shaw calling Simon Bridges a “climate change denier”. We all know Bridges is no denier, but his attitude towards climate change is somewhat more benign than that of the Green party. Nevertheless, the Greens have…

via The Government Is Going to Wreck Our Economy — The BFD | Media

The Wellbeing Budget — Whale Oil Beef Hooked | Whaleoil Media

 

Well, it has arrived. The world’s first Wellbeing Budget. The groundbreaking budget format that was supposed to have the world sit up and take notice. I am reeling with the uniqueness and diversity of it all. No, I’m not. I’m completely underwhelmed. First, the basics. $1.9 billion for mental health, over 4 years $1.2 billion…

via The Wellbeing Budget — Whale Oil Beef Hooked | Whaleoil Media

A classic welfare-spending, rail-worshipping, Michael Cullen-style budget. — Whale Oil Beef Hooked | Whaleoil Media

 

Our team has just returned from the Beehive, where we attended the media and analysts’ lock-up event for the government’s new “Wellbeing Budget”. This year’s Budget was accompanied by some level of turmoil, with leaks, alleged hacks, and a (very brief) police investigation all entering the headlines throughout the week. We’ve had two and a…

via A classic welfare-spending, rail-worshipping, Michael Cullen-style budget. — Whale Oil Beef Hooked | Whaleoil Media

Police say that budget leaks not unlawful — Your NZ

Police have conformed what has been widely claimed already about the budget leak – they say the information was obtained by ‘exploiting a bug’. What? Online viruses exploit bugs, but that doesn’t make them lawful. Whatever the law says on this, questions about the ethics of National publicising the material they obtained remain. As has […]

via Police say that budget leaks not unlawful — Your NZ

Treasury refer claimed hacking to police following budget leak — Your NZ

The budget leak publicised by National yesterday has got a lot murkier, with Treasury now saying they have been hacked. The matter has been referred to the police, but Leader of the Opposition Simon Bridges is unrepentant for trying to hijack Thursday’s budget announcement. Let’s just remember that what the Nats have released so far […]

via Treasury refer claimed hacking to police following budget leak — Your NZ

National – “Robertson concedes defeat on budget rules” — Your NZ

National’s finance spokesperson Amy Adams has responded to Minister of Finance Grant Robertson’s announcement yesterday that the Government core debt target would change to a range (see Grant Robertson: shift from net debt 20% target to 15-25% range). Robertson concedes defeat on budget rules Finance Minister Grant Robertson has today thrown in the towel by scrapping […]

via National – “Robertson concedes defeat on budget rules” — Your NZ

Government’s 100% renewable energy target would be very expensive — Your NZ

This shouldn’t be a surprise, but an Interim Climate Change Committee report due out on 30 April is expected to point out that getting to 100% renewable energy could be very expensive – and i think the estimate of boosting power prices by up to 39% could be conservative. New Zealand currently has about 80% […]

via Government’s 100% renewable energy target would be very expensive — Your NZ

Growing warnings about world economic outlook — Your NZ

In general the world economy has recovered and prospered since the Global Financial Crisis of 2007-2008, but there are growing warnings that the bubble might at least slow down. There is always a risk of it bursting. International Monetary Fund: World Economic Outlook, April 2019 Growth Slowdown, Precarious Recovery After strong growth in 2017 and […]

via Growing warnings about world economic outlook — Your NZ

Woodn’t ya know it? Megan has a magic wand — Whale Oil Beef Hooked | Whaleoil Media

 

It appears that the Minister for Energy and Resources, the Hon Dr Megan Woods, has a magic wand hidden away somewhere. It seems that Dr Woods will be able to wave said wand, utter the magic incantation ‘renewables’ and achieve something in New Zealand that the rest of the world cannot. Dr Woods has promised…

via Woodn’t ya know it? Megan has a magic wand — Whale Oil Beef Hooked | Whaleoil Media

Labour emboldens unions — Whale Oil Beef Hooked | Whaleoil Media

 

Why are there more strikes under Labour-led governments? Andrew Little seems to think that it is because unions feels that under a Labour-led government their complaints will be ‘heard’. A more unkind explanation would be that unions know that a National-led government is tougher and less likely to give in to strike action. Quote. There…

via Labour emboldens unions — Whale Oil Beef Hooked | Whaleoil Media

Oil & gas ban will cost New Zealand, but how much? — Your NZ

The Government ban on most new oil and gas exploration permits was applauded by some and slammed by others. There have been warnings, and also assurances. Investment, exports and jobs are at stake. And if New Zealand has to import gas when local production runs out it will increase global emissions – China produces methane […]

via Oil & gas ban will cost New Zealand, but how much? — Your NZ

Ardern’s ‘state of the nation’ speech to Business New Zealand — Your NZ

Jacinda Ardern gave a speech to Business New Zealand yesterday. This is described by some as her ‘State of the Nation’ speech. Here is the Beehive transcript: PM speech to Business New Zealand breakfast Good morning everyone. I want to start by thanking Kirk and his Business New Zealand team for the invitation. It’s good […]

via Ardern’s ‘state of the nation’ speech to Business New Zealand — Your NZ

First CPTPP Commission meeting agrees on expanding trade — Your NZ

The first meeting of the Commission of the Trans-Pacific Partnership (CPTPP) has agreed on provisions to expand the trade agreement. The press conference at the first CPTPP Commission meeting – held in Tokyo today. pic.twitter.com/djULzRJ5tK — David Parker (@DavidParkerMP) January 19, 2019 Minister for Trade and Export Growth David Parker – CPTPP meeting agrees guidelines […]

via First CPTPP Commission meeting agrees on expanding trade — Your NZ

‘Hasty’ lawmaking may lead to increased emissions — Your NZ

The Government surprised many with an announcement that they would limit future oil and gas exploration. Some hailed it as a sign they were serious about reducing fossil fuel use and reducing carbon emissions, but others have warned that it may actually increase emissions as people are forced to switch from gas to more polluting […]

via ‘Hasty’ lawmaking may lead to increased emissions — Your NZ

Grant Robertson explains how his ‘wellbeing’ budget will work — Your NZ

Minister of Finance Grant Robertson was interviewed on Q+A last night on how ‘wellbeing’ will be woven into next year’s budget. Wellbing in the budget is described as ‘a new way of delivering public policy and measuring economic success, and now in a world first GDP won’t be the only indicator of our prosperity. Happiness […]

via Grant Robertson explains how his ‘wellbeing’ budget will work — Your NZ

Iwibank — Whale Oil Beef Hooked | Whaleoil Media

 

Stuff and Nonsense continue to write garbage unabated. Their latest idea is… wait for it… a bank specially for Maori. quote. Recent calls, by the Māori Council, for a Māori bank will probably attract some negative comment from traditional financial circles but such an idea needs to be given serious consideration and even government assistance…

via Iwibank — Whale Oil Beef Hooked | Whaleoil Media

Green Minister criticised for ‘rubber stamping’ foreign purchases of land — Your NZ

Green MP and Minister of Land Information Eugenie Sage is under fire again, this time for approving 21 applications to sell land to ‘foreigners’. I think this illustrates the contrast between the ideals when in opposition and the reality of Government responsibilities – “I’m bound by the law, and as a minister, I implement the […]

via Green Minister criticised for ‘rubber stamping’ foreign purchases of land — Your NZ

Greens pushing to end oil and gas exploration — Your NZ

Gareth Hughes has had a low profile as a Green MP for some time, but he is upping his efforts to end oil and gas exploration. @GarethMP on the need to end oil and gas exploration in New Zealand 💚🌍 pic.twitter.com/bjZmt8QzMl — Green Party NZ (@NZGreens) November 2, 2018 Newsroom: Greens want Labour to toughen […]

via Greens pushing to end oil and gas exploration — Your NZ

Economic outlook – Colmar Brunton — Your NZ

 

This from 1 News Colmar Brunton shows fluctuations in public perceptions of economic outlook – “In the next 12 months do you think the economy will be better/worse?”: This shows fluctuations over the last ten years: This shows that most of the time there is more optimism than pessimism about the economy but occasionally there […]

via Economic outlook – Colmar Brunton — Your NZ

Gareth Hughes versus Megan Woods on oil and gas exploration — Your NZ

Green MP Gareth Hughes has made it clear that he and the Green party disapprove of a concession given to the oil and gas exploration industry, as announced by Minister of Energy Megan Woods. Hughes in a speech in parliament in March: End Oil Exploration, General Debate Speech While the media debate the pros and […]

via Gareth Hughes versus Megan Woods on oil and gas exploration — Your NZ

‘A bit of a backdown’ on oil and gas exploration annoys Greens — Your NZ

It appears that the government has backed off a bit on it’s contentious ban on new oil and gas exploration, which was applauded by environmentalists and slammed by Taranaki business interests in particular. Is has been pointed out that it could lead to higher carbon emissions as more alternatives were sourced from overseas. Hamish Rutherford […]

via ‘A bit of a backdown’ on oil and gas exploration annoys Greens — Your NZ

Big business is not small business — Kiwiblog

Damien Grant writes: Our Prime Minister has a nice way with words. The fall in business confidence wasn’t an elephant in the room, she declared recently, but a big neon flashing light with fireworks going off behind it. Ok. Nice imagery. But then she wheeled in the CEO of Air New Zealand, Christopher Luxon, as…

via Big business is not small business — Kiwiblog

Productivity Commission – low emissions economy — Your NZ

James Shaw (@jamespeshaw): Getting to net zero emissions by 2050 is achievable & starting now is our best option to seize the opportunities and make a just transition says the Productivity Commission. I thank them for their work on a pathway to NZ becoming a low emissions economy New Zealand Productivity Commission – Low-emissions economy […]

via Productivity Commission – low emissions economy — Your NZ

Q+A: Grant Robertson on business confidence — Your NZ

 

Minister of Finance Grant Robertson was interviewed about business confidence. “I don’t believe low business confidence is affecting economic growth. NZ will meet growth forecasts”. Committed to current debt target, not expecting to go over it. Even if Govt did go into more debt, NZ would be in good shape. Doesn’t agree with Shane Jones’ […]

via Q+A: Grant Robertson on business confidence — Your NZ

Hickey critical of Ardern’s economy confidence elephant — Your NZ

Bernard Hickey’s analysis of Jacinda Ardern’s long promised big business confidence speech is quite critical. Newsroom Analysis: Side-stepping the elephant in the room Jacinda Ardern called it the Government’s “elephant in the room” just before she went on maternity leave. Upon her return, she said would address it directly in a major speech aimed at […]

via Hickey critical of Ardern’s economy confidence elephant — Your NZ