Top 10 links at 10 am for Monday, December 4

Watercare warns of tripling of charges unless it's bailed out by the new Government, given the reversal of Three Waters; RBNZ's Deputy Governor warns high migration might force rate hikes

As Deb Te Kawa writes in an op-ed, the new Government seems to have immediately bought itself fights with just about everyone. Photo: Lynn Grieveson / The Kākā

TL;DR: Here’s my pick of the top 10 news and analysis links elsewhere as of 10 am on Monday December 4, including:

1. Palau’s President slamming the new Government’s reversal of Aotearoa’s oil and gas exploration ban;

2. The Reserve Bank’s Deputy Governor saying high net migration is forcing the central bank to consider hiking interest rates;

3. Financial markets think the RBNZ is bluffing and have pushed wholesale interest rates lower, which banks are likely to keep as higher profit margins to avoid aggravating the RBNZ with mortgage rate cuts that would fire up inflation;

4. New Zealand being named ‘Fossil of the day’ at COP 28;

5. Local scoop of the day: Watercare’s CEO warning Aucklanders’ charges will triple, unless the new Government agrees to its bailout plan (Newsroom’s Jonathan Milne)

6. Global scoop of the day: The New York Times reported Israel was warned about Hamas’ October 7 attacks a year before they happened, but did nothing;

7. Deep-dive of the day: A detailed look at how Rotorua’s councils are engineering an unjust transition because of the way water infrastructure is funded;

8. Op-Ed of the day: An Auckland GP gives the new Government a lesson in how the health system actually works (NZ Doctor);

9. Column of the day: Deb Te Kawa explains via E-Tangata why the new Government is now in a world of pain; and,

10. Substack of the day: Bill McKibben takes a closer look at the ‘abate’ word being used and abused at COP 28 via The Crucial Years.

The full detail, links, excerpts and analysis is below the fold for paying subscribers.

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Now a pariah in our own region