Tag Archives: Unemployment

NZ Economy —if you’re not Treasury

Either an interest rate hike or rising unemployment, together with falling migration, would spell “the end of the party”….
Due to the Reserve Bank putting restrictions on lending and other measures, the underlying economy was in good shape to withstand “a shock”. –Dominick Stephens, Westpac Chief Economist

### radionz.co.nz Fri, 10 June 2016
Nine to Noon with Kathryn Ryan
The risks of rising household debt
9:08 AM. NZ household debt has reached half a trillion dollars. That’s $100,000 of housing and personal debt for every man, woman and child. Nine to Noon speaks to Westpac Chief Economist, Dominick Stephens and Massey University’s Dr Jeff Stangl about the risks that poses to the economy. Link
Audio | Download: Ogg MP3 (30′19″)

****

### radionz.co.nz Sat, 11 Jun 2016 at 12:15 pm
RNZ News
Tough times coming as debt soars, warns economist
Record high household debt levels are not sustainable, warns a leading bank economist. At half a trillion dollars, housing and personal debt has hit 162 percent of the average household’s annual disposable income – higher than levels before the global financial crisis.
Westpac Chief Economist Dominick Stephens told Nine to Noon the decline in dairy prices was hurting the regions, but the downturn following the end of the Canterbury rebuild would be more severe than most people were prepared for. The rebuild played a huge role in the “rock star economy” between 2012 and 2014, with the international reinsurance industry dropping $20 billion on New Zealand and the government pumping in another $10b. As that money dried up, some business owners could find their businesses were not as robust as they thought, Mr Stephens said. What was less certain was when the “borrow and spend” dynamic – fed by skyrocketing houseprices – would come to an end.
Read more

harrys_view 19 Jan 2016 Harry Harrison at South China Morning Post [scmp.com] 1Harry’s View 19 Jan 2016 [scmp.com]

Posted by Elizabeth Kerr

16 Comments

Filed under Business, Democracy, Economics, Finance, Housing, Media, Name, New Zealand, People, Politics, Property, Public interest

Jafas, come hither…. it’s alright here if warped

Douglas Field Published on Jan 7, 2016
Climate Change Panic 8 1 16
‘Green’ Mayor Cull panics over floods in Dunedin and blames ‘climate change’ and sea level rise as the cause. Promptly debunked by local climatologist and hydrologist as absurd.

Commenting at ODT Online
macfod, unduly negative and downcast —not a local economist like John Christie (Enterprise Dunedin), or a Terence Davies (DVML) – who place reliance on bought multipliers to talk up sweet virtue and powers of attraction.
blip blurp blop

Dave Cull couldn’t sell toffee
Submitted by macfod on Fri, 08/01/2016 – 7:33am.

Oh my god, what a big draw it would be saying that we have places such as ..

Cadburys – a factory! Farmers Market and bacon butties – a joke! Museum – visit it once only. St Clair beach – it’s eroding and DCC are doing nothing about it.

What [they] are promoting [is] where they have spent money . . . stadium – unused cycle lanes. I love Dunedin but get so frustrated that we are not growing and not attracting jobs..

Aucklanders are already buying our property, but as investments as the rental returns at approx 8% make it good business.
Read more

New Zealand Herald: Dunners in drive for Jafas to roll down to Deep South

INFLUX….
jaffa-race Dunedin Cadbury Chocolate Festival [dunedinnz.com]

Jafa is a slang term (usually pejorative) for a resident of Auckland, New Zealand. It is the acronym for Just Another Fucking Aucklander. The term is also misspelled as Jaffa, a chocolate confection from Dunedin.

Posted by Elizabeth Kerr

*Image: dunedinnz.com – Jaffa Race, Baldwin Street

alright ● all right ● alright ● all right ● alright ● all right ● alright

36 Comments

Filed under Business, Climate change, Cycle network, DCC, Democracy, Dunedin, Economics, Enterprise Dunedin, Geography, Media, Name, New Zealand, People, Politics, Project management, Property, Tourism, Travesty, What stadium

DCC: Draft arts and culture strategy (read another major spend up?)

OH GOD, BUT IS IT GREEN
Do we really need a (hopeless) arts strategy when we’re TOO BUSY bankrolling Professional Rugby and committing Assault at Stadium ???

Dunedin City Council – Media Release
Making Creativity a Top Priority

This item was published on 19 Jun 2014

Arts and culture should be at the core of our city, according to Toi Ao – Our Creative Future, the draft Ōtepoti Dunedin Arts and Culture Strategy.

Dunedin City Councillor Aaron Hawkins who has been closely involved with the preparation of the draft Strategy, says, “This is a great opportunity for the city to acknowledge the importance art and culture to our community’s quality of life. Having watched this strategy develop, I’m excited about it being at the stage where we can soon share it with Dunedin people, and see how it fits with their ambitions and aspirations. Dunedin has a rich tradition of developing, and attracting, world class talent. What we don’t always to so well is celebrate our successes. We need to look at how we can encourage excellence, and at the same time weave creative expression into the fabric of our public spaces and everyday lives.”

The draft Strategy has been developed in partnership with arts and culture collective Transforming Dunedin. The Strategy draws on the results of previous community consultation, including the Transforming Dunedin Symposium and follow-on work, DCC consultation on strategic priorities for the city and a review of other arts and culture strategies in New Zealand and overseas.

The Strategy’s purpose is to set the direction when it comes to future support for arts and culture in Dunedin. It aims to position Dunedin as one of the world’s finest creative small cities. The intention is to move to a place where arts, culture and creativity are fully integrated into the city’s brand and identity and recognised as critical to Dunedin’s success.

There are a wide range of goals, which include bringing a creative perspective to city decision-making, creating new ways for people to participate in arts and culture, and ensuring Dunedin people can experience the best of local, national and international arts and culture.

DCC Group Manager Arts and Culture Bernie Hawke describes the development of the draft Arts and Culture Strategy as “a significant milestone in developing a framework for supporting and fostering arts and culture across the city. “The forthcoming community consultation on the draft Strategy will be important to ensure that the Strategy represents the priorities and directions of the community.”

█ The draft Strategy will be discussed by the Council at its meeting on Monday, 23 June. Subject to approval by the Council, the draft Strategy is expected to be released for widespread public consultation in late July/August.

‘Toi Au – Our Creative Future’, Draft Ōtepoti Dunedin Arts and Culture Strategy (PDF, 872.4 KB)

Contact Group Manager Arts and Culture on 03 477 4000.
DCC Link

### dunedintv.co.nz June 19, 2014 – 6:03pm
New arts and culture strategy developed
The Dunedin City Council has developed a new arts and culture strategy. It sets the direction for investment and support of creative activities and events in the city. And on Monday, the document will be tabled for discussion by councillors, before going out to public consultation.
Video

Posted by Elizabeth Kerr

43 Comments

Filed under Business, DCC, Democracy, Design, DVL, DVML, Economics, Events, Heritage, Highlanders, Innovation, Inspiration, Media, Museums, ORFU, People, Politics, Project management, Sport, Stadiums, Tourism, What stadium

Commissar Obamanation

Maurice Prendergast says:

I would like to share this very ‘solemn summary’ of the modus operandi of a charlatan and the curiously common characteristics to those exhibited by Farry and his fellow travellers.
This reminds me of the sales pitch used to hypnotise the people into believing that a ratepayer funded stadium would deliver salvation to the all. There are some real parallels – Barack Obama and Malcolm Farry seem to sing from the same song sheet.

Email received.

Subject: This belongs in the EMAIL HALL OF FAME
Date: Wed, 24 Oct 2012 23:56:44 -0400

How’s this for apocalyptic literature. This was written by a pastor’s wife in biblical prose as a commentary of current events. It is brilliant.

*****

And it came to pass in the Age of Insanity that the people of the land Called America, Having lost their morals, their initiative, and their Will to defend their liberties,
Chose as their Supreme Leader that Person known as “The One.”

Barack Obama Pied Piper (media) 1
He emerged from the vapours with a message that had no meaning;
But He Hypnotised the people telling them, “I am sent to save you.”
My lack of experience, my questionable ethics, my monstrous ego,
And my Association with evil doers are of no consequence.
I shall save you with hope and Change.
Go, therefore, and proclaim throughout the Land that he who preceded me
Is evil, that he has defiled the nation, and that all he has built must be destroyed.
And the people rejoiced, For even though they knew not what “The One” would do, he had promised that it was good; and they believed.
And “The One” said “We live in The greatest country in the world.
Help me change everything about it!”
And the people said, “Hallelujah! Change is good!”
Then He said, “We are going to tax the rich fat-cats.”
And the People said “Sock it to them!”
“And redistribute their wealth.”
And the people said, “Show us the money!”
And then he said, “Redistribution of wealth is good for everybody..”

And Joe the plumber asked, “Are you kidding me?
You’re going to Steal my money and give it to the deadbeats??”
And “The One” Ridiculed and taunted him, and Joe’s personal
Records were hacked and publicised.
One lone reporter asked, “Isn’t that Marxist policy?”
And she was banished from the kingdom.

Barack Obama meets Joe The Plumber

Then a citizen asked, “With no foreign relations experience and having
Zero military experience or knowledge, how will you deal with Radical terrorists?”
And “The One” said, “Simple. I shall sit with them and talk with them and show them
How nice we really are; and they will forget that they ever wanted to kill us all!”
And the people said, “Hallelujah!! We are safe at last, and we can beat our weapons
Into free cars for the people!”

Then “The One” said “I shall give 95% of you lower taxes.”
And one, Lone voice said, “But 40% of us don’t pay ANY taxes.
“So “The One” Said, “Then I shall give you some of the taxes the fat-cats pay!”
And the people said, “Hallelujah! Show us the money!”
Then “The One” said, “I shall tax your Capital Gains when you sell your homes!”
And the people yawned and the slumping housing market collapsed.
And He said. “I shall mandate employer-funded health care for every worker
And raise the minimum wage. And I shall give every Person unlimited healthcare
And medicine and transportation to the Clinics.”
(And no Muslim shall pay for their share of healthcare.)
And the people said, “Give me some of that!”
Then he said, “I shall penalise employers who ship jobs overseas.”
And the people said, “Where’s my rebate cheque?”

Barack Obama He has your wallet

Then “The One” said, “I shall bankrupt the coal industry and
Electricity rates will skyrocket!”
And the people said, “Coal is Dirty, coal is evil, no more coal!
But we don’t care for that part about higher electric rates.”
So “The One” said, Not to worry. If Your rebate isn’t enough to cover
your expenses, we shall bail you out.
Just sign up with the ACORN and your troubles are over!”
Then He said, “Illegal immigrants feel scorned and slighted.
Let’s Grant them amnesty, Social Security, free education, free lunches,
Free medical care, bilingual signs and guaranteed housing…”
And The people said, “Hallelujah!” and they made him king!

And so it came to pass that employers, facing spiraling costs and Ever-higher taxes,
raised their prices and laid off workers. Others Simply gave up and went out of business and the economy sank like unto a rock dropped from a cliff.
The banking industry was destroyed. Manufacturing slowed to a Crawl.
And more of the people were without a means of support.

Then “The One” said, “I am the “the One”- The Messiah – and I’m here To save you!
We shall just print more money so everyone will have enough!”
But our foreign trading partners said unto Him. “Wait a Minute. Your dollar is not worth a pile of camel dung! You will have to pay more…
And “The One” said, “Wait a minute. That is unfair!!”
And the world said, “Neither are these other idiotic programs you have embraced.
Lo, you have become a Socialist state and a second-rate power.
Now you shall play by our rules!”

And the people cried out, “Alas, alas!! What have we done?”
But yea, verily, it was too late.
The people set upon The One and spat upon him and stoned him,
and his name was dung. And the once mighty nation was no more;
and the once proud people were without sustenance or shelter or hope.
And the Change “The One” had given them was as like unto a poison
that had destroyed them and like a whirlwind that consumed all that they had built.

And the people beat their chests in despair and cried out in anguish,
“Give us back our nation and our pride and our hope!!”
But it was too late, and their homeland was no more.

Posted by Elizabeth Kerr

9 Comments

Filed under Business, Economics, Events, Geography, Hot air, Name, People, Politics