Peak to trough fall only half way there, RBNZ sees in MPS with slightly higher interest rate forecast track, slower GDP growth and firmer inflation; Orr's second term still in limbo
"Luxon has called for the removal of the full-employment requirement." Is that so big business have more control over wage increases as cant see any other reason why they would want that removed?
I don't know what employment/unemployment figures mean. Is it true that one hour paid employment per week counts one as being employed or am I believing rubbish? If so, - that I'm believing rubbish - how is employment status determined?
"... third 1 in 100 years flood in a year". When are we going to get rid of this absurd metric for flood risk as being "1 in X years"? It is only valid for a world with a stable climate.
Except that by changing measures one can hide the change in circumstances. If a 1 in 100 year flood starts to happen yearly it does make it harder for deniers to deny, and maybe prompt the powers that be to pull finger rather than their current plan of kicking the can down the road.
Outside of Palmerston North heading West, there is a flood plain. For years now, houses on it have been jacked up on concrete block bases. I always thought that was a sensible solution and can't see why these Westport houses that are constantly flooded can't be likewise altered. Obviously the bottom story would not be carpeted, used more as a shed with a concrete floor. I strongly believe in such a scheme financed by government. Those of us who look on in horror at the plight of West Coasters and now some in Nelson, shouldn't mind some of our taxes being used for such a scheme. Not a reason for new-builds in flood plains though.
Fletcher Building rides its monopolies to 400$ million cash profit for its shareholders yet refuses to pay back its money from the taxpayers 68$million bailout. Sounds like monopolist rentier capitalism. Watch for next year with Baldy and his neoliberal mate. More coming?
Great presentation. I also liked how you uploaded the audio file as well. I often listen to these as I drive to work, so the audio file is useful to include to save on data.
Hey Bernard, really enjoyed the visual format - love a graph to look at while taking it all in. Also like that it's still available as podcast for when I'm on the go and can't watch the screen. #unimportantsidenote - you're rocking the suit jacket / open collar vibe :)
Thanks for keeping up the great work and being willing to experiment!
This is the first Dawn Chorus I've had time to listen to in full for the last few weeks and it came with bonus video, thanks Bernard! I know putting together video can be a lot of effort, so don't feel pressure to do it all the time.
On a completely different note, the last place that my partner and I rented was completely flooded through yesterday in Nelson. We lived in Nelson briefly last year to be near family and left it in Nov, have been permanently housesitting since, moving from place to place every few weeks, sometimes every few days. It was by 'choice' to save money for a house deposit. I had recently started to lament our decision (I'm very tired of being on the move constantly) but if we had stayed in our rental we would have lost everything. Climate reality, housing reality really hitting close to home.
Maybe we'll actually be able to afford a house in the next 12 months if these projections stick, so good news for some.
Does the RBNZ predict a 20%?peak:trough drop because they think it will happen, or they know it is what the public need to hear to have faith in the Government’s economic management? I’d pick the latter.
"Luxon has called for the removal of the full-employment requirement." Is that so big business have more control over wage increases as cant see any other reason why they would want that removed?
I don't know what employment/unemployment figures mean. Is it true that one hour paid employment per week counts one as being employed or am I believing rubbish? If so, - that I'm believing rubbish - how is employment status determined?
"... third 1 in 100 years flood in a year". When are we going to get rid of this absurd metric for flood risk as being "1 in X years"? It is only valid for a world with a stable climate.
Hi Paul
Except that by changing measures one can hide the change in circumstances. If a 1 in 100 year flood starts to happen yearly it does make it harder for deniers to deny, and maybe prompt the powers that be to pull finger rather than their current plan of kicking the can down the road.
Good point!
Outside of Palmerston North heading West, there is a flood plain. For years now, houses on it have been jacked up on concrete block bases. I always thought that was a sensible solution and can't see why these Westport houses that are constantly flooded can't be likewise altered. Obviously the bottom story would not be carpeted, used more as a shed with a concrete floor. I strongly believe in such a scheme financed by government. Those of us who look on in horror at the plight of West Coasters and now some in Nelson, shouldn't mind some of our taxes being used for such a scheme. Not a reason for new-builds in flood plains though.
Fletcher Building rides its monopolies to 400$ million cash profit for its shareholders yet refuses to pay back its money from the taxpayers 68$million bailout. Sounds like monopolist rentier capitalism. Watch for next year with Baldy and his neoliberal mate. More coming?
Patrick Medlicott
Had me nodding in agreement until “baldy.” Sits alongside “fatty” and “blacky.” Passed it’s used by date.
Great presentation. I also liked how you uploaded the audio file as well. I often listen to these as I drive to work, so the audio file is useful to include to save on data.
Like the video option format Bernard.
Hey Bernard, really enjoyed the visual format - love a graph to look at while taking it all in. Also like that it's still available as podcast for when I'm on the go and can't watch the screen. #unimportantsidenote - you're rocking the suit jacket / open collar vibe :)
Thanks for keeping up the great work and being willing to experiment!
Like the new format!
This is the first Dawn Chorus I've had time to listen to in full for the last few weeks and it came with bonus video, thanks Bernard! I know putting together video can be a lot of effort, so don't feel pressure to do it all the time.
On a completely different note, the last place that my partner and I rented was completely flooded through yesterday in Nelson. We lived in Nelson briefly last year to be near family and left it in Nov, have been permanently housesitting since, moving from place to place every few weeks, sometimes every few days. It was by 'choice' to save money for a house deposit. I had recently started to lament our decision (I'm very tired of being on the move constantly) but if we had stayed in our rental we would have lost everything. Climate reality, housing reality really hitting close to home.
Maybe we'll actually be able to afford a house in the next 12 months if these projections stick, so good news for some.
Love the new format, more hoons on the decks!
I love the RB's pedantic "4.1% peak" in OCR (when they only ever moves rates by .25%).
Yeah, ok, it's a blended moving average, divided by a pound of bananas.
Thanks loved the video Chorus
Is it/ why is it Rio Tinto’s decision whether Tiwai Point continues to operate and rob us of electricity?
Does the RBNZ predict a 20%?peak:trough drop because they think it will happen, or they know it is what the public need to hear to have faith in the Government’s economic management? I’d pick the latter.
Ta
Patrick Medlicott
Didn’t get a podcast in my podcast app today - new format?