Government's fiscal policy dragging out recession, economists say
The government's focus on slashing the budget deficit and reducing public debt is worsening the impact of recession on households and businesses, according to a group of economists. The group said an infrastructure deficit put at $104 billion was the result of successive governments' underspending, leaving the country ill-prepared for the future. "Private sector debt is being driven upwards by your government's fiscal policy in pursuit of surpluses for itself and its aim of rapidly reducing public debt. Not partisanPhoto: SuppliedThe group includes former productivity commissioner Ganesh Nana, whose department was one of the early casualties of the coalition government's public service crackdown. Group spokesperson Nana said it rejected any accusation that it was partisan and out of touch with mainstream economists' views.
Source:Stuff
November 21, 2024 08:05 UTC
Police’s own research adds to evidence against gang patch ban
“All of us have a patch on today – it’s not a gang patch today, it’s a whānau patch,” the MC said. We’re trying to make everyone be as one.”From Thursday, police will begin enforcing the Government’s new gang patch ban. “Potentially the police, enforcing a gang patch ban at that event, might have undermined some of that positivity,” he said. The new research, which has been conducted in partnership with police, makes an argument against the gang patch ban. Ihi Research director Catherine Leonard, who led the qualitative interviews with members of marginalised communities, said their research and other evidence did not support the Government’s gang patch ban.
Source:New Zealand Herald
November 21, 2024 02:32 UTC
Recession deeper than expected, Treasury says
New Zealand Treasury says it expects to downgrade its economic and fiscal forecasts relative to Budget 2024 when it provides a half-year update next month, as the recession has been worse than expected. Weaker economic growth means a smaller economy and less tax revenue, increasing the challenge for the Government in balancing its books”. Productivity hits zeroStephens said the “deteriorating economic outlook” was not only because of a deeper recession, but also because of a sustained productivity slowdown. “As this reality has slowly been revealed by the data over the past two years, the Treasury has lowered trend productivity in successive forecasts,” Stephens said. Stephens said each downward revision of economic growth forecasts made it harder for the Government to bring its revenue and expenditure back into balance.
Source:New Zealand Herald
November 21, 2024 02:26 UTC
NZDF gunner who drowned in Manawatū River rescuing dog remembered as ‘talented young man’
She said the grief of his loss is being felt across Ngāti Tūmatauenga and the wider New Zealand Defence Force. According to the post, Commanding Officer 16th Field Regiment LTCOL Brent Morris described Gill as an “outstanding young man and a valued member of both the regiment and Ngāti Tūmatauenga”. Gill joined the Army in March 2021 and then with 16th Field Regiment in June of the same year. He was awarded the Covid-19 Response Recognition Award in September 2021 and the New Zealand Defence Service Medal Regular Clasp in March 2024. Pictured is Bombardier Bronson Lum preparing to move site with the 16th Field Regiment from Linton.
Source:New Zealand Herald
November 20, 2024 20:20 UTC
Gang patch ban and NZ’s new top cop | NZ Herald News Update
Hip hip poo-ray, it’s World Toilet Day! Reporter Noelle is down in the dumps at Māngere Wastewater Treatment Plant to get to the bottom of what happens to our poo when it goes down the loo.
Source:New Zealand Herald
November 20, 2024 19:49 UTC
Europe’s richest family to complete football club takeover ‘in coming days’
Following next week’s assembly, the Arnault family will own 52% of the club and Red Bull 11%. The rest will be split between different minority shareholders, including mobile phone operator Lycamobile and Ferracci’s Alter Paris company, which will maintain a 30% stake. In 2027, Ferracci, who has been at the helm of the club since 2012, will leave and the Arnault family’s share will increase to around 80%. However, Antoine Arnault shared the new owner’s primary ambition will be overseeing Paris FC’s promotion to France’s Ligue 1 from the second division, of which they are currently the leaders. LVMH’s high-profile and highly visible product placement in the Paris Olympic Games, designing medals, ceremonial uniforms and presentation trays, raised eyebrows and created some tensions with the Games’ long-term sponsors.
Source:New Zealand Herald
November 20, 2024 19:43 UTC
Gang patch ban: Man facing prosecution under new Gangs Act laws
The Gangs Act 2024 bans the display of gang patches in public places, and provides extra tools to target gang-related crime and intimidation. To earn the right to wear a gang patch you have to have committed violent crime. There are a trail of tears and victims behind each one of those gang patches,” he said in a statement. Attorney-General Judith Collins previously said the gang patch ban was inconsistent with the Bill of Rights Act (Bora), specifically the freedom of expression, association and peaceful assembly. An officer could direct the removal of a gang patch in other places “if fear and intimidation is likely to occur”.
Source:New Zealand Herald
November 20, 2024 16:10 UTC
With Smarcamp Rooftop Tent, take a Driving-trip to California's Coastal Highway 1
With Smarcamp Rooftop Tent, take a Driving-trip to California's Coastal Highway 1https://ecdn6.globalso.com/upload/p/735/image_product/2024-11/picture-1-5.pnghttps://ecdn6.globalso.com/upload/p/735/image_product/2024-11/picture-2-4.pnghttps://ecdn6.globalso.com/upload/p/735/image_product/2024-11/picture-3-copy.pnghttps://www.nzherald.co.nz/topic/california/5/https://www.nzherald.co.nz/topic/new-zealand-holidays/https://ecdn6.globalso.com/upload/p/735/image_product/2024-11/picture-4-copy.pnghttps://ecdn6.globalso.com/upload/p/735/image_product/2024-11/picture-5-copy.pnghttps://ecdn6.globalso.com/upload/p/735/image_product/2024-11/picture-6-copy.pnghttps://www.nzherald.co.nz/topic/history/]highwayhttps://ecdn6.globalso.com/upload/p/735/image_product/2024-11/picture-7-copy.pnghttps://www.abnewswire.com/email_contact_us.php?pr=with-smarcamp-rooftop-tent-take-a-drivingtrip-to-californias-coastal-highway-1https://www.smarcamp.com/Image:Image:Day 1 - San Francisco to CarmelAfter a couple of days exploring San Francisco, it's time to jump in the car and head south. Beautiful white-sand Carmel Beach is a must visit for a swim or surf, and it's well worth taking a stroll along the scenic bluff path where they will likely spot sea otters swimming among the kelp. Only open since 2022, Chez Noir has quickly become the standout dining option in Carmel, so it's well worth booking ahead. Experience another slice of Big Sur history by checking into Deetjen's Inn, a collection of simple wood cabin accommodations (plus an excellent restaurant) that's been hosting travellers since 1937. One of the best stops is Julia Pfieffer Burns State Park, which has a lovely beach and hiking trails.
Source:New Zealand Herald
November 20, 2024 15:38 UTC
Pressure goes on Fonterra’s milk price forecast after strong auction
Whole milk powder prices, which have the greatest bearing on Fonterra’s milk price, jumped by 3.25% to US$3,826 ($6465) a tonne. He said higher milk prices, coupled with strong production, would mean an extra $4 billion going into the economy compared with last season. “So you have got added volume and the likelihood of a pretty good price coming through,” he said. Anna Palairet, Fonterra’s chief operating officer, told The Country radio show that the auction had given the co-op confidence about its current milk price forecast. BNZ last week issued a forecast of $9.75/kg milk farmgate milk price for 2024/25, adding $10/kg was a possibility.
Source:New Zealand Herald
November 20, 2024 11:54 UTC
'685's to the world:' Restoring Citizenship Bill passes with unanimous support
Photo: RNZ Pacific/ Coco LanceWith unanimous support, the Citizenship Western Samoa Restoration Amendment Bill has passed its third and final reading in New Zealand Parliament today. "Injustice has been fixed to a certain extent, but we've got to be happy about it," former National MP Anae Arthur Anae told RNZ Pacific. In 1982, the Privy Council ruled that Samoans born between 1924 and 1948 were British subjects and therefore entitled to New Zealand citizenship. But that same year, the Muldoon government enacted the Citizenship (Western Samoa) Act, which nullified the decision. "Today means so much for the work that Anae brought in 2003 to Samoa back to New Zealand," Maiava said.
Source:Stuff
November 20, 2024 11:48 UTC
Cleaning up Hayman Park Playground graffiti costs ratepayers $20,000
Photo: LDR / Mary AfemataCleaning up graffiti at a recently-opened south Auckland playground has cost ratepayers more than $20,000. Last financial year, the bill for the upkeep of the newly-established Hayman Park playground came to $141,830. Fifteen other playgrounds across have also been damaged, including Waenganui/Allenby Park in Papatoetoe, Otamariki Park in Ōtara, Sikkim Park in Clover Park, and East Tāmaki Reserve. When discussing maintenance at Hayman Park, Apulu said the wear and tear part is a good problem. Hayman Park playground has recently reopened after undergoing maintenance earlier this month.
Source:Stuff
November 20, 2024 11:45 UTC
Kiwi motorsport fans in for a treat this summer courtesy of Toyota and Stuff
Toyota’s racing arm, TOYOTA GAZOO Racing organises two motor racing championships in New Zealand over the summer period, the Castrol Toyota FR Oceania Championship (CTFROC) and Bridgestone GR86 Championship. We’re keen to do the same with motor racing and make the sport more accessible to Kiwis,” Andrew says. “Over the years, TOYOTA GAZOO Racing has put together a clear pathway for young drivers with the two main championships. TOYOTA GAZOO Racing New Zealand (TGRNZ) is also working towards carbon neutrality. It is in the process of applying to the motorsport world governing body, the FIA, for its Three-Star Environmental Accreditation programme.
Source:Stuff
November 20, 2024 10:11 UTC
Kiwi Motorsport Fans In For A Treat This Summer Courtesy Of Toyota And Stuff
Kiwi Motorsport Fans In For A Treat This Summer Courtesy Of Toyota And StuffCastrol Toyota FR Oceania action at Taupo. Toyota’s racing arm, TOYOTA GAZOO Racing organises two motor racing championships in New Zealand over the summer period, the Castrol Toyota FR Oceania Championship (CTFROC) and Bridgestone GR86 Championship. We’re keen to do the same with motor racing and make the sport more accessible to Kiwis,” Andrew says. “Over the years, TOYOTA GAZOO Racing has put together a clear pathway for young drivers with the two main championships. It is in the process of applying to the motorsport world governing body, the FIA, for its Three-Star Environmental Accreditation programme.
Source:Stuff
November 20, 2024 09:13 UTC
Open mike 20/11/2024
It’s a shambles of our own making, but it’s still one we can turn around, argues health sector expert Dr David Galler. T rust and confidence in the public health system is at an all-time low. Not a day goes by without another story highlighting its alleged failings, eroding what little ...
Source:Stuff
November 20, 2024 05:26 UTC
NZ Government designates Hezbollah as terrorist entity
Prime Minister Christopher Luxon and the Attorney-General Judith Collins made the assessment. “It’s a standard process.”Attorney-General Judith Collins (left) and Prime Minister Christopher Luxon (right) made the assessment. Luxon said this was an issue for the Department of Prime Minister and Cabinet. Two other groups had their terrorist designations continued on with: the Kurdistan Workers Party or PKK, in Turkey, and the al-Qaeda-linked al-Shabaab in Somalia. The Government earlier this year designated the political wing of Hamas, based in Gaza, as a terrorist entity.
Source:New Zealand Herald
November 20, 2024 05:01 UTC