But this approach assumed that even if global real interest rates rose, any increase would be gradual and temporary. The possibility that a sharp rise in interest rates would dramatically increase interest payments on existing debt, including debt held by central banks as bank reserves, was simply dismissed. While the world can certainly adapt to higher interest rates, the transition is still ongoing. The European Central Bank’s “whatever it takes” bailout policies appeared costless when interest rates were near zero, but it is unclear whether the bloc can survive future crises if real interest rates remain high. Moreover, while major emerging economies have managed to cope with high interest rates so far, they face enormous fiscal pressures.

Blasting local venues this summer with his industrial synth crust sonics, Schkeuditzer Kreuz unveiled Second Life: No Life Left Remixed late last week — as the name suggests, a collection of reworks from the artist's second album No Life Left. Roaming from ear-scraping breakbeat-scapes reminiscent of Tetsuo: The Iron Man to pulse-pounding EBM to skull-trepanning powernoise to mind-mashing doom, Second Life: No Life Left Remixed provides an ominous appetiser before Schkeuditzer Kreuz's first ever NZ tour. So, to hear people strip it down to its barest components and then build it back up into something new, in their own image – this is awesome to me. I love it when they’re ruthless and pay no heed to the original at all. Fuck, but I could not be happier – from crazy glitched out breakcore weirdness to oozing, sludgy heavy doom stuff to dancey as fuck 80s synth goth.

Struggling with the prospect of new titles for everything? Here to help. Among the early tasks of the new, three-handled broom of government is giving primacy to English names – it’s all laid out in the agreement between NZ First and National under the heading “Strengthening Democracy and Freedoms”.

Here's our summary of key economic events overnight that affect New Zealand, with news Moody's has downgraded the Chinese economy's outlook. The Australian 10 year bond yield is now at 4.29% and down a very sharp -26 bps from yesterday. The Kiwi dollar starts today at 61.3 USc and down another -40 bps from yesterday. That all means our TWI-5 starts today just on 70.5 and down a mere -10 bps from this time yesterday. The bitcoin price starts today at US$42,725 and up another +2.7% from this time yesterday.

ABC News published this video item, entitled “House explodes in Arlington, Virginia, while police serve search warrant, officials say” – below is their description. A house in Arlington, Virginia, exploded Monday night, shortly after officers were executing a search warrant at the residence for reports of a person discharging several rounds into a suburban neighborhood, officials said. Police said in a statement that a preliminary investigation indicated the suspect “discharged a flare gun approximately 30-40 times from inside his residence into the surrounding neighborhood.”The latest on the investigation: https://abcnews.go.com/US/house-explodes-arlington-virginia-after-flare-gun-shot/story?id=105379136ABC News YouTube Channel

Michael Bennett – known as Mike or Rambo to his whānau – was found dead by police on December 1. A hunter who was fatally shot in the Te Urewera Ranges in Ruatāhuna “will leave a massive hole in everyone’s hearts,” his family has said. Michael Bennett – known as Mike or Rambo to his whānau – was found dead by police responding to the activation of a personal locator beacon around 2am on December 1. “He was hard-working, driven and passionate about his farm, his hunting and diving endeavours and most importantly, his family,” one of Bennett’s grandchildren said. Whether alcohol or drugs were a contributing factor in the incident remains “part of our ongoing enquiries”, a spokesperson told Stuff.

Iconic pantry staple Barker’s of Geraldine, founded in 1969, has undergone a brand refresh to become newer and more modern. After 54 years, Barker’s of Geraldine is looking into the future and hoping to continue as a Kiwi mainstay by undergoing a brand refresh to have a more “modern look-and-feel, boasting energy and personality”. Barker’s of Geraldine collaborated with creatives Alicia Christie and Ryan Henderson at Degree Design, and Brand Strategist Hillary Cootes, to come up with this new look. The brand says the new look comes at a perfect time where more food-loving occasions are set to come. The brand new look will first be rolled out as packaging across the newer products before rolling out within core products in the coming months.

Announce protest actions, general chit chat or give your opinion on issues we haven’t covered for the day. Announce protest actions, general chit chat or give your opinion on issues we haven’t covered for the day. The Editor doesn’t moderate this blog, 3 volunteers do, they are very lenient to provide you a free speech space but if it’s just deranged abuse or putting words in bloggers mouths to have a pointless argument, we don’t bother publishing.

Whilst fans of MasterChef Australia are obsessed with the kitchen chaos, many have been questioning what goes on behind the scenes when the cameras aren’t rolling. Whilst fans of MasterChef Australia are obsessed with the kitchen chaos, many have been questioning what goes on behind the scenes. It’s been rumoured that Masterchef contestants must provide their recipes to producers beforehand so they can source all the ingredients they need. Despite the confusion caused by the behind-the-scenes greenroom photos, Refinery29 confirmed that the MasterChef contestants live in serviced apartments during filming. Yawn, that sounds tiring…Do the MasterChef judges try every dish?

Struggling with the prospect of new titles for everything? Here to help. Among the early tasks of the new, three-handled broom of government is giving primacy to English names – it’s all laid out in the agreement between NZ First and National under the heading “Strengthening Democracy and Freedoms”.

The Macau Tower is home to China's tallest bungy jump, operated by AJ Hackett International. Photo: Getty ImagesA tourist has died after taking part in the world’s highest bungy jump in Macau. The 56-year-old visitor, reportedly a Japanese national, was visiting the Skypark on Sunday afternoon, which is operated by AJ Hackett International. "AJ Hackett Macau Tower Limited is saddened by the death of a tourist following a medical situation at Macau Tower yesterday (3 December) that occurred after the Bungy jump was completed," said a spokesperson for the Skypark. In yesterday’s incident, the tourist followed all safety requirements before taking the bungy jump."

Researchers in New Zealand have recently uncovered two new lineages of coronavirus in native long-tailed bats. During the study, it was found that over 60% of the native bats became infected with the virus. Due to the large numbers of these creatures in confined spaces such as caves or tree cavities, the environment becomes ideal for virus transmission through respiratory droplets. Frequently Asked Questions (FAQ):Q: Can the new lineages of coronavirus in native bats infect humans? Their close proximity in confined spaces provides an ideal environment for virus transmission.

The America’s Cup Preliminary Regatta Jeddah was the second of the AC40 foiling boat events, with the first taking place in Vilanova, Spain, in September. In that race, American Magic emerged as the champion, beating Team New Zealand by three points—with the final race cancelled because of bad weather. The three days of racing in Jeddah were close and compelling, with the six America’s Cup teams involved in 8 fleet races. The country’s development fund, NEOM, was the sponsor of the Jeddah event, which was organized by the Jeddah Yacht Club and Marina. The America’s Cup in front of the Jeddah waterfront as the venue tries to attract international events.

The best books published in New Zealand this year, according to a bunch of good readers and books editor Claire Mabey. This year has been a big one for New Zealand publishing – I do not envy the current crop of Ockham NZ Book Awards judges their task of longlisting,

The writer, actor and TV presenter looks back on her most memorable celebrity encounters, a sticky game show situation and making The Jaquie Brown Diaries. Jaquie Brown has traversed many corners of our local television universe. She’s beentrapped under a pianowith Andrew WK on Space, taken a limousine...