NZ envy of world – Joe Hockey

July 23, 2014

Australian treasurer Joe Hockey says New Zealand’s economy is the envy of the world:

Mr Hockey told TV ONE’s Breakfast today that Australia could learn some lessons from their Kiwi neighbours.

“New Zealand has done a splendid job, the Key government is a standout government around the world and as a result of that it is heading towards a surplus,” he said.

“New Zealand is starting to live within its means.”

Delivering his first budget this year, Mr Hockey said he was forced to slash spending by $10 billion because of the previous Labor government’s overspending.

“They took us to a position where if we don’t take immediate action we will face much bigger debts,” he said.

“If you make the difficult but important decisions up front then you get the benefits down the track. We’ve got a long way to go to catch up to the budget position of New Zealand.”

The government borrowed to take the roughest edges off the global financial crisis but at the same time took a very disciplined approach to public spending.

By doing so it turned round the forecast decade of deficits Labour left it with and is now back on track to surplus.

The growing economy is one of the reasons we’re getting a net migration gain:

. . . In the June 2014 year, permanent and long-term (PLT) migrant arrivals numbered 100,800 (up 14 percent from 2013), the first time more than 100,000 arrivals have been recorded in a year. Migrant departures numbered 62,400 (down 22 percent). This resulted in a net gain of 38,300 migrants, the highest annual gain since the October 2003 year (39,300). New Zealand recorded its highest-ever net gain of 42,500 migrants in the May 2003 year.

In the latest year, New Zealand had a net loss of 8,300 migrants to Australia, well down from 31,200 a year earlier. Net gains were recorded from most other countries, led by India (7,000), China (6,300), and the United Kingdom (5,500).

In June 2014, New Zealand had a seasonally adjusted net gain (more arrivals than departures) of 4,300 migrants, the second-highest monthly gain of migrants. The highest gain ever recorded was in February 2003 (4,700).

Net migration has been positive and mostly increasing since September 2012. The difference in the net gains recorded in September 2012 and June 2014 was mainly due to:

  • fewer New Zealand citizens leaving for Australia (down 2,400) 
  • more non-New Zealand citizens arriving (up 1,500)
  • more New Zealand citizens arriving from Australia (up 500).

Seasonally adjusted PLT arrivals of 2,000 migrants from Australia in June 2014 matched the number of departures to that country, resulting in net migration of zero. The last time this series recorded net migration of zero was in August 1991. 

We’re on track for our first ever net gain of migrants from Australia.

No wonder their treasurer envies us and the benefits we’re reaping from the hard, but right, decisions taken to get the government back into surplus and the economy growing sustainably.


Spot the link

September 2, 2011

Could there be a link between this:

Biofuels regain momentum:

Global biofuel production increased by 17 percent in 2010 to reach an all-time high of 105 billion liters.1 (See Figure 1.) The increase exceeded the 10 percent growth experienced in 2009, when production was at 90 billion liters.2 Biofuels provided 2.7 percent of all global fuel for road transportation—an increase from 2 percent in 2009.3

And this:

Price of breakfast soars:

The average cost of feeding a family breakfast is 11.7 per cent higher today   than it was one year ago, with the price of some staple items rising by over   40 per cent. Official figures last week put overall inflation in the UK at   4.4 per cent . . .  

The rising prices of basic commodities such as wheat, sugar, coffee and   vegetable oil – which form the basis of many breakfast foods – have been   blamed for the inflation-busting increases.

Tim Worstall thinks so. He says breakfast is getting more expensive and biofuels are to blame:

You’ll note that three of the four are items that are used to make biofuels. . .

The price of eggs is largely determined by the price of corn which is….yes,
another crop that is used to make biofuels. I think I’m right in saying that
some 40% of the entire American crop is currently turned into ethanol.

This is, quite sadly, simply evidence of the quite lunatic idea that we
should be putting food into cars rather than people. The idea itself is bad
enough but we then have the governmental insistence (on both sides of the
Atlantic, the US and the EU) that such fuels must be used. There is no choice in
the matter, we are not allowed to avoid starving people.

An increase in renewable fuels, particularly if they are cleaner burning, is a worthy aim but feeding people is more important than heating and moving them.

Crops for food should always take precedence over crops for fuel.


Can’t save them from own incompetence

June 16, 2011

Quote of the day:

As nice a guys as we are in National, we can’t save Labour from its own incompetence.”

Simon Bridges on Breakfast  in response to a comment on Labour’s website woes which were exposed by Whaleoil.

Apropos of this Whale has replied to a letter from Labour’s general secretary Chris Flatt  agreeing to his requests with nine conditions including:

5. Fred Dagg gets his right­ful posi­tion at the top of the Labour Party List. In perpetuity.

While Fred would add a much needed rural voice to the Labour list I suspect someone of his entrepreneurial and independent spirit would be out of place there.


No frills, no fluff, just news

March 21, 2011

TV3 has started broadcasting early morning news again, no frills, no fluff, just news.

I like that in theory but it doesn’t fit my with morning routine in practice.

Television has pictures which mean you need to look at them at least some of the time and that’s not easy to do when doing other things which need to be done at that hour of day.

And when the pictures are rarely more than the faces of the interviewer and interviewee there’s not a great deal of difference between that and radio.

TV1’s morning business half hour is similar to TV3’s new morning news and both are much better than the chit chat and advertisements which take up most of the time on TV1’s Breakfast programme.

But if I’m not looking at the pictures I might as well be listening to the radio.


Live sex on Breakfast

October 8, 2010

Sometimes television goes low for ratings, sometimes it happens by accident.

What would Paul Henry have said about that?

Hat Tip: NBR


$10,000 doodle

February 16, 2010

The flag doodle John Key did on Breakfast  sold for $10,150 on TradeMe.

The money will go to Cure Kids and the winning bidder will also get morning tea with the Prime Minister.

And what does a $10,000 doodle look like?

This:


Key’s flag doodle on TradeMe for Cure Kids

February 9, 2010

The doodle John Key did on Breakfast yesterday morning has been listed on TradeMe and the money raised from the sale will go to Cure Kids.

A media release from TVNZ said:

Prime Minister, John Key was asked to draw his version of an alternative NZ Flag by TVNZ’s Pippa Wetzell on Breakfast at 7:15am this morning. 

By the time the programme went off-air at 9am, TVNZ had received many pledges of money for the A4 sized doodle, the highest being $1000.  Mr Key gave his consent for the drawing to be auctioned for charity and it has been listed on Trade Me this afternoon with all proceeds going to the children’s charity, Cure Kids.

Mr Key described his drawing as a “silver fern”.  Pippa Wetzell described it, perhaps more accurately, as a “lop-sided Christmas tree”.

In case there’s any doubt that this is the Prime Minister’s own work, here’s a screen shot of him drawing it:

And the video:

 And how good is the doodle? Here (Hat Tip Kiwiblog) it is:


%d bloggers like this: