Dawn chorus: Goldilocks markets

TLDR & TLDL: The global economy is growing solidly, but not so fast it needs immediate interest rate hikes. That was the conclusion over the weekend after America’s jobs market created 850,000 jobs in June, which was more than the 720,000 expected by economists.

But financial markets judged the rise as ‘not too hot and not too cold’, meaning it wasn’t so fast that the US Federal Reserve would have to put up interest rates too quickly. Most don’t see hikes there until later next year. That meant US stocks rose to fresh record highs on Saturday morning. Investors believe central bankers can keep printing money to support asset prices for some time to come. (CNBC)

Closer to home, there was good vaccine news late yesterday. The long-expected Pfizer shipment of 150,000 doses arrived two days early yesterday afternoon to be distributed to DHBs so the vaccination programme can continue. Some expected to run out by Wednesday without the shipment. (Beehive)

The vaccination programme can continue uninterrupted. Photo: Unsplash/US National Cancer Institute

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Scoops and news breaking this morning

Bernard Hickey @bernardchickey

Is this how we find things out now? 'An OIA request has revealed that Cabinet has already agreed in principle to Option 2 – more than doubling the levy on 1 Dec to $63.00 for every air passenger and $35.36 for each cruise passenger.'

Thomas Mead @thomasmeadnz

Another whistleblower has come forward to 1 NEWS with claims about Talley's Ashburton factory, this time raising serious concern about the emergency stop system on their conveyer belts

tvnz.co.nzTalley’s launches independent review in response to allegations in 1 NEWS storyTalley’s CEO Tony Hazlett confirmed the review after a number of 1 NEWS stories in recent days.

Bernard Hickey @bernardchickey

Revealed: Wait times for state houses balloon as those most at risk face lengthy delay

newshub.co.nzRevealed: Wait times for state houses balloon as those most at risk face lengthy delayThe number of those most at risk has ballooned in the past few years.

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Signs o’ the times news

1 NEWS @1NewsNZ

'We can't keep it out forever' - Sir Peter Gluckman on Covid and re-opening NZ's borders @NZQandA tvnz.co.nz/one-news/new-z…

Tom Dillane @tomdillane1

The door is being opened to 300 overseas qualified teachers to come to New Zealand under a new class border exception, Education Minister Chris Hipkins says, via @nzherald

nzherald.co.nzCovid 19 coronavirus: Border to open to overseas qualified teachers, Hipkins says - NZ HeraldMove helps schools struggling to recruit for some locations or subjects, minister says.

Stuff.co.nz Politics @NZStuffPolitics

Southland MP Joseph Mooney invites Green Party co-leader James Shaw to Southland to meet Groundswell NZ

dlvr.itSouthland MP Joseph Mooney invites Green Party co-leader James Shaw to Southland to meet Groundswell NZSouthland MP Joseph Mooney has invited Greens co-leader James Shaw to meet with the group he called ‘a group of pākehā farmers from down south’.

Denise Montgomery @MontyWrites

Want to understand inequity? Read on. Covid cast a huge shadow as Pacific Islanders struggle to assemble best players for test against New Zealand.

stuff.co.nzTonga coach Toutai Kefu confirms quarantine costs were factor in player defectionsCovid cast a huge shadow as Pacific Islanders struggle to assemble best players for test against New Zealand.

RNZ @radionz

Immigration New Zealand has so far approved visas for 14 wealthy investors under two new border exemptions opened in May.

rnz.co.nzBorder exemptions: Visas approved for 14 wealthy investorsImmigration New Zealand has so far approved visas for 14 wealthy investors under two new border exemptions opened in May.

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Useful longer reads

bernardchickeysubscribers @bernardchickey2

A fascinating treatise on the permanence of collective knowledge in the age of the Internet and Google. 'Society can’t understand itself if it can’t be honest with itself, and it can’t be honest with itself if it can only live in the present moment.'

theatlantic.comThe Internet Is RottingToo much has been lost already. The glue that holds humanity’s knowledge together is coming undone.

The Dominion Post @DomPost

'The oldest Yimby in town': The woman raising the flag for Wellington's growing housing movement

dlvr.it‘The oldest Yimby in town’: The woman raising the flag for Wellington’s growing housing movementNo, city councillor Rebecca Matthews doesn’t hate Wellington’s heritage.

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Notable other views

Andrea Vance @avancenz

OPINION: A tale of two cities

stuff.co.nzA tale of two cities: the worst of times for those drowning in a society where housing is a commodityOPINION: If Jacinda Ardern wants to bridge the inequality gap, her Government must accept housing is a duty not a commodity.

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Chart of the day

David Hood @Thoughtfulnz

I haven't remade this graph for about 4 years. Not that adding 4 years of data changes anything about the relationship between CO2 and Temperature

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Some fun things

Don Moynihan @donmoyn

Injured Italian player suddenly recovers when Italy scores #Euro2021

Massimo @Rainmaker1973

Needlefish are capable of making short jumps out of the water at up to 60 km/h (37 mph). Leaping over the decks of shallow boats, they represent an even greater risk of injury than sharks buff.ly/2KJOggq [source of the gif: buff.ly/2MyHV9h]

Reuters @Reuters

WATCH: The British Lawnmower racing championships will be held this weekend after a gap of 18 months