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Tag: economy

The NZ government as spent $100 billion on the pandemic in addition to normal expenditure

The NZ government as spent $100 billion on the pandemic in addition to normal expenditure

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Gonzalo Lira said Australia could be the next Ukraine. I am asking if New Zealand could be the next Sri Lanka (if we are no longer under the protection of our “friends and allies”. “So far the government has spent on the order of 100 billion dollars on the pandemic in addition to normal expenditure. To put this in stark perspective, that is equal to the total annual government budget prior to the pandemic—more than $20,000 for every man, woman,…

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In NZ small business owners will face staff shortages, reduced cash flow and the potential closure of their workspace

In NZ small business owners will face staff shortages, reduced cash flow and the potential closure of their workspace

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With RNZ the more important an article the shorter it is Global data ‘warning of potential things to come’ for small businesses – Xero International data indicates small business owners will face staff shortages, reduced cash flow and the potential closure of their workspace as the Omicron outbreak peaks over the next few weeks. (File image) Photo: RNZ / Claire Eastham-Farrelly The Xero Small Business Index fell to 97 points across December and January, ending a run of three consecutive months with…

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Israel suffering huge economic losses from ongoing conflict: Report

Israel suffering huge economic losses from ongoing conflict: Report

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Middle East Observer, 16 May, 2021 Description: A short report by Al-Manar TV on the economic, financial and material losses suffered so far by Israel as a result of the latest fighting and confrontations with the Palestinians. Source: Al-Manar TV (website) Date: May 14, 2021 Transcript: Article: Israeli occupation suffering great losses in “Sword of al-Quds” Battle May 14, 2021 Operation “Sword of al-Quds” has inflicted grave economic and financial losses on the Israeli occupation. This is besides the Israeli fear of…

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New Zealand Central Bank Bucks Global Spend-Trend, Will ‘Manage’ Soaring Home Prices

New Zealand Central Bank Bucks Global Spend-Trend, Will ‘Manage’ Soaring Home Prices

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New Zealand in the world headlines again. There is no such conversation within the country. Authored by Ruchir Sharma, op-ed via The Financial Times, Those Kiwi revolutionaries are at it again. In 1989, New Zealand’s central bank was the first to commit to a specific target for consumer price inflation, then the biggest threat to the world economy. Unions and businesses howled, saying the move would kill growth and jobs. One property developer called for a rope on which to…

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My first blog post

My first blog post

The following is the very first blog post I posted on 1 April, 2011. I have left it ‘as is’ with the removed video. Reflections on Peak Oil, climate change and resource depletion  I am very concerned at the turn of events in the world.  Numerous crises are occurring simultaneously that indicate a rapid deterioration in the situation for many countries (and the world in general).     MANAGEMENT (AND DISTORTION) OF NEWS BY THE MEDIA   The way we…

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China’s new Five Year Plan cuts growth and turns back on cutting emissions

China’s new Five Year Plan cuts growth and turns back on cutting emissions

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China.. refrained from introducing a ban on building new coal-fired plants, and did not set a target for curbing coal power plants’ capacity for the next five years.  China Cuts Growth Outlook, Increases Military Spend, Shrugged Off Climate Change In Latest ‘Five-Year Plan’ Zero Hedge, 5 March, 2021 When it comes to official documents, China’s five-year plans (FYPs) are the mother of them all. Not only do FYPs encapsulate all major socioeconomic goals and priorities, they contain the basic assessment and strategy of…

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New Zealand is officially in recession

New Zealand is officially in recession

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 These figures will be massaged; they always are.  They are talking about recovery but how is that possible when people can’t come ino or leave the country and our #1 earner, tourism, is completely shut down. Yesterday, they were saying 16 % https://www.newshub.co.nz/home/politics/2020/09/national-fears-brain-drain-as-new-zealand-economy-shrinks-more-than-australia-from-first-lockdown.amp.html?__twitter_impression=true&s=09 ‘In the eye of the storm’:  Quarterly GDP falls a record  12.2 percent, New Zealand  officially in recession Newshub, 17 Setermber, 2020 New Zealand Gross Domestic Product (GDP) fell by a record 12.2 percent in the June…

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