The Kākā by Bernard Hickey
The Kākā by Bernard Hickey
The week that was for the week's end
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The week that was for the week's end

Including a podcast of the weekly 'hoon' with Peter Bale and special guest David Satter zooming in from Washington. Satter has written books about Russian history and the rise of Vladimir Putin
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TLDR & TLDL: This week on the weekly ‘hoon’ webinar for subscribers to The Kākā, we bought in renowned expert on Russian and Soviet history, David Satter, to talk about the rise of Vladimir Putin and the war in Ukraine.

David is a fellow of the Foreign Policy Institute at the Johns Hopkins University School of Advanced International Studies (SAIS) and a senior fellow of the Hudson Institute in Washington, D.C. He wrote the definitive book on the circumstances around Putin’s surprising rise to power, The Less You Know, The Better You Sleep: Russia's Road to Terror and Dictatorship under Yeltsin and Putin, and his most recent book is Never Speak to Strangers and Other Writing from Russia and the Soviet Union.

Author and John Hopkins University Fellow David Satter. Photo: Supplied.

Our conversation with David was a fascinating deep dive into how Putin operates and the awful circumstances around his rise to power. David gives many insights into the war in Ukraine and the mistakes the West made in dealing with Putin in recent years.

In the second half of this week’s podcast, Peter and I talked about the events of the week in geo-politics as seen from here in Aotearoa-NZ, including chats on:

  • Three Waters, He Puapua and David Seymour’s interventions on these issues;

  • the opening of Transmission Gully and the economics of land-banking that force the costs of the motorway onto the public and privatise the benefits for landowners; and,

  • the strange new plants growing in the gardens of Parliament.

Now here’s my summary of the main news events of the week and how I covered it for paid subscribers on the The Kākā, including links to the podcasts and articles emailed to subscribers.

Five things of note this week

The wholly inadequate benefit and WFF increases on April 1

The Kākā by Bernard Hickey
Dawn Chorus: What was missing today
Listen now (19 min) | TLDR & TLDL: Incomes for 100,000 low income families rise by around $60/week from today, but child poverty activists are calling for further inflation adjustments and tax credit extensions to further narrow a cost-of-living gap that has blown out to over $300/week for some families over the last year…
Read more

Auckland Council unveiled its (no) parking strategy

This story didn’t make a huge national splash, but the launch of this strategy to remove parking from the curbs of over 240km of roads in Auckland will form the basis for almighty and sadly culture-warish clashes between motorists band public transport/climate activists in this year’s local elections.

Wayne Brown made his opposition to the strategy the centrepiece of his announcement of his Auckland Mayoral campaign.

The Kākā by Bernard Hickey
Dusk Chorus: $300/week shortfall for beneficiaries
TLDR: An updated analysis using the Welfare Experts’ Advisory Group modelling has found beneficiaries’ incomes will still be short of what they need by up to $300/week after benefit increases due to kick in from this Friday. Elsewhere, there’s a new frontrunner for the centre-right vote for the Auckland Mayoralty. Wayne Brown entered the race today with …
Read more

Transmission Gully opened after 103 years of waiting

The Kākā by Bernard Hickey
A Transmission Gully to $7.8b of tax-free capital gains
Listen now | TLDR & TLDL: Built at a cost to the public of at least $1.25b, Wellington’s four-lane Transmission Gully highway finally opened to motorists today, locking in place $7.8b worth of tax-free capital gains for land owners in the Kapiti Coast and Horowhenua District Council…
Read more

China’s unsettling deal to park its military on Guadalcanal

The Kākā by Bernard Hickey
Dusk Chorus: PM pushes back at China
Listen now (10 min) | TLDR & TLDL: Aotearoa-NZ’s concerns about China’s increasingly militarised and aggressive expansion into the Pacific burst out into the open today in barely concealed criticisms by PM Jacinda Ardern of a reported deal allowing China to station warships in the Solomon Islands, potentially blocking key shipping routes to Australia and New Zealand…
Read more

The Bank of Japan’s started a whole new round of money printing

The Kākā by Bernard Hickey
Dawn Chorus: Bank of Japan ramps up printing again
Listen now (10 min) | TLDR & TLDL: Japan’s central bank unleashed a fresh wall of money printing to buy its Government bonds, which risks creating new waves of cash that bounce around the world to lift asset prices, including in Aotearoa-NZ as the ‘Japanese housewives and Belgian dentists’ return to buy NZ dollar bonds…
Read more

Charts of the week

Inflation appears headed for 9%

Residential construction sector confidence collapsed in March

Consumer confidence also collapsed in March

My weekend reading on substack

Chartbook
Chartbook - Unhedged Exchange #2: The End Of Globalization As We Know It ?
The end of globalization as we know it? Larry Fink, CEO of BlackRock’s annual letter to shareholders stirred a flurry of debate last week about Putin’s invasion of Ukraine, the future of globalization, supply-chains, inflation and its implications for investors…
Read more
BIG by Matt Stoller
Did the Ocean Shipping Cartel Impose a 20% Tariff on U.S. Imports?
Welcome to BIG, a newsletter on the politics of monopoly power. If you’d like to sign up to receive issues over email, you can do so here. I love old movies, especially when you notice something about them that is oddly modern yet old-fashioned. I also enjoy reading old articles about economics, for the same reason. Back in 2012, two economists, David Hu…
Read more

Ka kite ano

Bernard

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