Quotes of the year

December 31, 2014

Offering to trade fines for sexual favours is not simply sleazy as the judge seemed to view it. It’s about a principle which is absolute, regardless of its nature or monetary dimension. It behoves the Police Commissioner to appeal against this ridiculous sentence so wiser heads can send a vitally important message, namely that corruption is corrosive, strikes at the heart of civil society and will absolutely not be tolerated. Sir Bob Jones

“I love to observe how they process the high school situation. Over the last couple of months I’ve just started to realise that, wow, people in the real world don’t care if your legs aren’t perfect.” Lorde

”I find the chances of it being stolen are pretty minimal, but the chances are even more minimal of it disappearing by itself through two paddocks surrounded by deer fencing,” Bill Keeler

It’s been said that the New Zealand economy is likely to be the “rock star” of 2014 but we all know what happens to rock stars who spend all their money on having a good time. I’ve said it before – the only way we’re going to become a top-tier First World country is by growing the pie.

Sadly, we’ve always been much better at eating them. – Colin Espiner

To judge the dead may give some comfort to the living, but no matter how fervently the misdeeds of previous generations are condemned, they cannot be undone. Therefore, whatever justice we seek to do here and now, let it be to right the wrongs of the present – not the past.

We fair-skinned Polynesians are not – and can never be – “Europeans”. Just as contemporary Maori are not – and can never be again – the Maori who inhabited these islands before colonisation. Both of us are the victims of historical forces too vast for blame, too permanent for guilt.

And both of us have nowhere else to go.Chris Trotter

 

Just 380,000 individuals pay half of all income tax.

If you earn more than $80,000 you are in that group. Most tax is paid by businesses through corporate tax or receipted GST payments. Possibly 80 per cent of the country is taking more from the state than they are contributing.If you are a net contributor most of your money will go to paying for the welfare of others.Most of those who seek to reduce their tax obligations are net contributors to our society. The only complaints against them are they do not pay enough.Beneficiary cheats, by contrast, are providing nothing to start with and seek to enrich themselves further by deception and dishonesty.Judges understand this, which is why beneficiary cheats go to jail for longer, as they should. – Damien Grant

Democracy, certainly at candidate selection level, isn’t generally a process of exquisite delicacy, scrupulous manners and sensitivity to hurt feelings. Oftentimes it’s just a few steps removed from full-on internecine civil warfare, albeit conducted largely out of sight. – Southland Times commenting on Labour’s selection process for the Invercargill electorate.

“The other analogy I have learned quite a lot is this idea that life’s like the drafting race because you learn quickly, farming, all the things that begin with D like drenching and drafting, docking and dagging, getting into debt and dealing with DOC. If you go up the drafting race, even for a ewe you have to look good: You mustn’t limp, head up, eyes forward don’t show your teeth if they aren’t terribly good, clean bum, good digestion, good tits – the whole way – because you want to go to the right, to the mixed age ewe mob, because [then] you get kind dogs and good food. Straight ahead is not much fun because you will end up a chop on the table. – Christine Fernyhough

“Nah, no tear in the eye. I’m from south Dunedin,” he grinned. Brendon McCullum

‘‘A government is a periodic monopoly that needs the threat of other entrants to get it going.’’ – Bill English

We must avoid complacency that might flow from believing today’s good times are permanent.

We don’t want to make a habit of doing the hard work under pressure, then putting our feet up just when the serious long-term gains are within our reach.Bill English

If there are going to be on the ground and social media campaigns, they needs to be led by Australians.  We need to get Australians saying that they want the best products at the best price.  We need Australians to demand choice instead of supermarkets telling them what they’re allowed to buy.  We also need Australians to see how deeply cynical the supermarkets are by reinforcing the values we share, namely, freedom of choice.  This needs to turn Coles and Woolworths market research on its head and hit them where it’ll hurt the most; market share.  That’s the only language they understand.  It is also by reinforcing that Kiwis are kin, something the centennials of the Great War will strongly affirm. – Bruce Wills

Personally, I’ve never heard of an economy taxing its way to greatness but I have sure heard of economies taxed into oblivion.Willy Leferink

And perhaps that’s the every day wisdom of parents at the fore – it’s the minestrone soup solution of life – if you’re short of meal options, throw all the vegetables into a pot, with a sprinkle of flexibility and the seasoning of life, and see what you come up with. – Tariana Turia

The notion that environmental protection and economic development are potentially conflicting goals is not, in my view, a recipe for success. It removes any expectation that businesses should take responsibility for protecting the environment; or that environmentalists need to consider social or economic costs of environmental outcomes.

In my world, economic and environmental considerations are two sides of the same coin. It is hard to be green if you are in the red; but you cannot have long-term social or economic prosperity if you undermine the natural capital you rely on to create it. – Lynda Murchison

People’s first consideration when buying food was price, despite claims they might buy based on factors like organic growth, she said.

While people might think buying organically or from the farmers market was environmentally friendly, research showed carbon dioxide emissions were higher buying that way, Prof Rowarth said. – Jacqueline Rowarth

. . . Even during booms some businesses will fail, and even during recessions some businesses will soar. That is because what ultimately determines the fate of companies is not whether the economy grows 1% or shrinks 1%, but the quality of management and their ability to anticipate and handle changing conditions be they for their markets, their inputs or their processes. . . Tony Alexander

Members of the Opposition believe monetary fairies can make the exchange rate settle permanently lower by forcing interest rate cuts and printing money while letting inflation therefore go up. Given the non-zero possibility that such economically ignorant policies get introduced it is worth getting inflation protection by investing more in property – not less. Tony Alexander

 The global financial crisis was the worst economic meltdown in living memory.

“The 1987 crash was a a blip on the charts by comparison.”

On top of that, the Christchurch earthquakes dealt a massive hit to the government books. “The mythical observer arriving from Mars who saw the accounts in balance after two thumping great shocks like that – you’d have to say someone had navigated pretty smoothly through that.” Donal Curtin

Two thirds of the [welfare] liability came from people who first got a benefit under the age of 20. “So it confirms what grandma told you. “Don’t let those young people get off the rails because when they do it’s very expensive.” – Bill English

That it can sweetly awaken, and joyously strengthen and that you need to give it to get it. Sarah Peirse answering the question: what do you know about love?

“I don’t think our native species care too much as to whether it is public land or private land. Whether it be iwi, or whether it be Sir Michael Fay, what we’re interested in in these partnerships is maximising conservation gain.” Nick Smith

Federated Farmers is an apolitical organisation – “we don’t care who is in government as long as they agree with us”.Conor English

. . . Taxes are not the price we pay for a civilised society. At best they are the price we pay for a civilised government. But they are also the price of overly bureaucratic procedures, unpredictable outcomes, and the loss of freedom to make our own decisions. – NZ Initiative

I make no apology for being a male. I hope I’m seen as a considerate, compassionate and communicable male; I make no apology for that. If I have faults, and I’m sure I do, well I don’t think  I can blame my gender for my behaviour without it being a cop-out. There ain’t nothing wrong in being a bloke if you behave yourself properly! – Chris Auckinvole

Mr Speaker, my second point I wish to make is the importance of valuing hands on learning within our education system. We must appreciate these very important students who in the future will fix things, build things, be it trucks, motor cars, be it buildings, be it bridges, roads, essential infrastructure and all manner of other things.

To do this the education system must equally value these people as much as we do doctors, nurses, lawyers and accountants and design an education curriculum accordingly. Putting it simply, we want to create many Einstein’s, but to create an Einstein you also need 1000 skilled technicians to make those things. – Colin King

“Talking about ponies and horse races, if you think of the economy as a horse race, you know it would be silly to put the hobbles on one of the leading horses so the rest can catch up,”Alister Body.

“I don’t think a party that’s on the extreme edges one way or another is going to be beneficial for Maori,” . . . “I think we as Maori also need to realise that compromise is a part of political involvement in New Zealand politics,”  . . .  Dr Lance O’Sullivan.

. . . if democracy means anything, it means suppressing the savage within and submitting the issues that divide us as individual citizens to the judgement of the electorate as a whole. Even more importantly, it means accepting that collective judgement – even when it goes against our individual contribution to its formation.Chris Trotter

HONG KONG | How did this small city-state of 7.3 million people go from having a per-capita income of only a few hundred dollars per year to a per capita income that is equal to that of the United States in only 50 years? The simple answer is they had the British common law legal system, strong private property rights, competent, honest judges, a non-corrupt civil service, very low tax rates, free trade and a minimal amount of economic regulation. There was no big brother government looking after the people, so they had to work hard, but they could keep the fruits of their efforts. . . Richard W. Rahn

One of our human limitations is that we look at the problems ahead through the eyes of our current technology and from this perspective they can look overwhelming. This myopia traps us into negativity – we think we must go backwards to achieve our goals – Dr Doug Edmeades

For the health-conscious, the prevailing wisdom is that natural food is the best food. But no matter what studies of GMOs say, one scientific fact is inescapable: basically none of our dietary staples are natural. Some 10,000 years ago, our ancestors picked tiny berries, collected bitter plants and hunted sinewy game, because these are the foods that occurred naturally in the wild. Then came agriculture, and with it the eventual realization that farmers could selectively breed animals and plants to be bigger, hardier and easier to manage. David Newland

. . . Most of all they should embrace the modern age and recognise that social and economic salvation and uplifting the underclass does not simplistically lie in ever increasing taxes on the industrious and thrifty and their transfer to the indolent. There’s nothing positive or progressive about that. . . Sir Bob Jones

We think it’s pretty legal, we think these guys are just having a crack and have a bit of an eye for the main chance because it’s an election campaign. – Steven Joyce

I won’t be wanting to see any hint of arrogance creeping in.” . . .

. . . “One of the big messages I’ll be wanting to give incoming ministers and the caucus is that it is incredibly important that National stays connected with our supporters and connected with the New Zealand public.” John Key

“Make sure you know why you’re in it – politics is not about celebrities. And nurture your self worth.

“You can’t afford to mortgage out how good or bad you feel because of tomorrow’s headlines.” – Julia Gillard

New Zealand is not perfect, but we do now have a multicultural society based on a bicultural heritage.Philip Burdon


Editorial approval for Budget

May 16, 2014

From south to north:

The Southland Times writes of felines and finances:

As the budget debate was winding down in Parliament yesterday the most popular story on the Stuff website was still “Cat saves boy from dog”.

Bill English will hardly be distraught. He knows this is not an election-losing Budget.

It’s the first since 2008 to project a surplus. Technically, it is perfectly possible for a Government to be rolled in an election year while economic figures are doing OK. Jenny Shipley managed it while running budget surpluses and with economic growth knocking around 3.5 to 4 per cent.

But the public had emphatically soured on the politics of her administration whereas the Key Government, for all that it has had a wretched couple of weeks, would still need to subside spectacularly to find itself in such straits.

English has found himself in the fairly happy situation of not needing a budget that would quicken any pulses . . . merely keep them steady. This one will surely manage that.  . .

Australia has done English the very considerate favour of delivering a gasper of a hard-times Budget just days before his. So if it was a test, we’d be the winners, right? And who doesn’t like beating the Aussies? Big tick for the Nats, then?

Truth to tell those contrasting fortunes are indeed likely to accelerate the net immigration inflow of more than 38,000 this year. That’s assuming people have been paying attention, what with that fabulous cat footage.

 

The ODT calls it a clever document:

This was the Budget that National – right from the time of its re-election in 2011 – would have hoped it could produce leading into this year’s election.

Mr English has not swayed from his path of fiscal restraint. Sure, he has had to borrow heavily during the past six years, but not to the extent the country plunged into recession.

Now, the return to surplus gives options such as paying down debt.

The careful management of the country’s finances by Mr English, and his team of ministers, has helped ensure New Zealand has been mainly immune from the worst of the global decline affecting Europe, parts of Asia, the United States and, latterly, Australia.

Economic growth has been one of the highest in the OECD and, for once, all Treasury indicators are pointing in a positive direction.

This was a Budget of few surprises, but with enough good news to count for something. . .

It will enable Prime Minister John Key to go into the election campaign confident his 2008 promises of fiscal restraint, providing the best care for families, and delivering a better public service have not been compromised.

Opposition parties will have to promise big to counter National, and if they do, the onus will be on them to say exactly how they will fund those promises. . .

If he is looking for a document to define his legacy as Finance Minister, Budget 2014 is a good place to start.

There is some criticism the Budget is too conservative, but that personifies Mr English, who learnt the trade from former finance minister Sir William Birch. And would most New Zealanders rather have a gambler as a finance minister, or a safe pair of hands?

The ”Boy from Dipton” has lived up to his reputation as a ”conservative” politician in every way.

The Timaru Herald opines on the Budget highlight:

The contrast was telling, helped by the fact Australia’s Budget and ours came just two days apart.

Theirs: there will be pain for everyone.

Ours: we’re operating with a surplus and tax cuts may even be on the way.

But hey, we’re heading into an election, so there’s bound to be some gloss. They aren’t.

The National Government has worked long and hard on being able to say it is spending less than it is collecting, and right on cue it has achieved that.

Selling off a few state assets and spending most of the proceeds has helped, of course, and as Labour’s David Cunliffe rightly points out, National has borrowed a massive $56 billion in its tenure, which costs $10 million a day in interest.

He says that’s a lot of money that could be spent on lifting kids out of poverty, which indeed it is.

But because National is the Government it sets the agenda, and the agenda yesterday was for enough lollies to keep sugar levels up without creating a free-for-all. . .

It’s a steady Budget without attempting to buy votes.

The best thing about it?

It’s not Australia’s.

 

 

The Press writes of seeking the recipe for growth:

When he delivered his first Budget six years ago, Finance Minister Bill English faced a grim prospect. Even though the global financial crisis had not yet hit, the economy had gone into recession some time beforehand.

Government debt was at a reasonable level, but spending in Labour’s last years in office had ballooned and, according to Treasury projections, the Government faced deficits for a decade or more ahead.

National had been elected promising responsible Government finances and a stronger economy, but without changes those looked unlikely.

English smiled yesterday as he took delivery of the bound Budget document and well he might. By delivering a surplus, albeit a tiny one, several years ahead of what he had forecast several years ago, today’s Budget will be brighter than even he expected it to be by now.

Since it came to office six years ago, the Government’s core promises have been that it would deliver a stronger economy, responsible public finances and a better public service.

In 2011, after the earthquakes, it added a promise to rebuild Christchurch. Those pledges have become a mantra and can be expected to be repeated today.

Without engaging in a wholesale slash and burn, it has kept public spending under control while maintaining services.

So far as it is possible for a government to claim credit for the performance of the economy generally, National can be pleased with the prospect of growth possibly hitting more than 4 per cent this year. The trick will be to make that growth enduring. . .

In spite of the benign aggregate position it should not be forgotten that, as an Otago University survey reiterated last week, New Zealand still has significant pockets of deprivation.

There are likely to be numberless reasons for them but a growing economy delivering opportunity and jobs offers part of the solution for sustainably dealing with them.

The Marlborough Express writes the jobs challenge continues:

. . . Finance Minister Bill English told Parliament the realisation of job growth forecasts depends on the confidence of businesses to invest more capital and employ more people.

“That is where new jobs come from. They do not come from the Easter bunny.”

The Easter bunny didn’t get a mention when English unveiled his sixth Budget yesterday.

The test will be how much his programme can lift confidence and stimulate growth to create the environment that will put priority on employment growth.

The Dominion Post notes the crowd goes mild:

This is a deliberately bland and even boring Budget. The Government has clearly decided that grey and safe is its best hope in election year. The only surprise was free doctors’ visits for under-13-year-olds. Middle New Zealand will welcome it, as it will many of the other, carefully telegraphed, handouts. More paid parental leave: who could object? A bit more help with childcare costs: why not?

National has made a virtue of small gifts: it shows that the party is “responsible” and not spending money it doesn’t have. And that is why the $372m surplus is intended to have such political heft. The amount is piffling within a $70b budget, and would make no economic difference if it was an equally mouse-sized deficit.

But the surplus is the signal that a caring government has brought us home safely after a nasty trip through recession. And if we carry on being careful and good, the Government says, life will carry on improving. Finance Minister Bill English gave a hint of tax cuts to come, but waffled when pressed. So that means National is keeping its tax promises till closer to the election.

The real question is: is this all the voters want – thrift, mild rewards, steady-as-she-goes? The dissenters have pointed to National’s noticeable lack of flair and imagination. No big new policies, no bold new directions, no surprises.

But that is what the John Key Government is, and so far it has won elections. In tough times, the Government has spent freely to keep the ship afloat, and then it has slowly brought it to the fiscal shore. Now it welcomes us to dry land. . .

Much bolder moves will be needed, including a capital gains tax. But National’s caution here is a drawback, not an advantage. Sometimes problems are serious and need action. National seems to believe it will be enough to cut red tape and remove some of the planning obstacles in the way of housing. It won’t.

At present there is little rage about poverty, inequality and the housing crisis. These problems are raw and real but voters are patient and only a minority of voters now seem to actually hate National. It will probably take another term before a majority is truly fed up with Key and his band. In the meantime, this bland document may be a document for the times.

The Manawatu Standards call it a Budget comfortable fit for many Kiwis

There may be little bling to Finance Minister Bill English’s sixth Budget but, like a pair of sensible shoes, it will make for a comfortable fit for many New Zealanders.

It was a budget light on ambition, heavy on prudence, in its commitment towards a modest $372 million surplus, but with a few policies bearing a distinctive Labour hue to them.

Its “steady as she goes” tenor does shrewdly mine the Kiwi ethos. Yes, a tax cut would have been nice, but they’ve balanced the books and haven’t forgotten the children. So she’ll be right.

It is a budget good enough to serve its purpose, whether that is pragmatic progress towards further surpluses and the lure of an eventual tax cut or simply placating middle New Zealand until after the general election in September is a matter of perspective. . .

The NZ Herald says the Budget steers safe course in rough waters:

The Treasury gave the show away in the Budget’s supporting documents, mentioning that while tax revenue is running at a lower level than expected, some of the Government’s intended spending has been “rephased” to produce the surplus it has promised.

Opponents can call it a trick of “smoke and mirrors” but the verdict that matters comes from credit agencies. They are unlikely to be concerned. Spending rephased is spending we might never see unless surpluses can be maintained. . . .

The Budget’s best feature is the value Bill English seems to be getting for little extra spending on public services. Departments know the results he wants and seem to be delivering them without complaint from providers or the public.

They have stopped demanding endless increases in funds and he shared the credit with them yesterday for his surplus.

Doctored it may be, but it will get better.

The Herald’s last point is a pertinent one and one of the National governments successes – getting better pubic services for less money.

 


Bad and good

January 9, 2014

Yesterday’s ODT led with the bad news of job losses at Macraes mine.

That’s followed up by today’s story of more job losses in firms which service and supply the mine.

Yesterday’s paper also had the good news story of Shell’s decision to drill in the Great South Basin.

This is how life goes. Good things happen during bad times and bad things happen during better times.

But the outlook for those people who have lost jobs or business because of Oceana Gold’s slow-down at Macraes is better now the economy is improving than it would have been even a year ago.

It would be better still if Dunedin was showing a warmer welcome to Shell.

The city is vying with Invercargill to be Shell’s base and mayor Dave Cull is at best lukewarm:

. . . Dunedin Mayor Dave Cull – who remained personally opposed to the increasingly difficult search for fossil fuels – said he was nevertheless ”cautiously optimistic” the city could benefit from Shell’s plans.

He was encouraged the company was prepared to invest up to $200 million in its search for natural gas, and not oil, off the city’s coast.

However, with the test drill not scheduled until 2016, and any full-scale extraction – if it eventuated – a decade away, he cautioned against too much excitment, too soon.

”What comes out of it, in terms of job creation and business and economic development, will depend on the size of what they find.

”If they are going to be drilling, this is pretty good, and clearly Dunedin is very well placed to offer the services and facilities that they might need,” he said. . .

Two councillors are even less enthusiastic:

. . . including Cr Aaron Hawkins, who said the council had a ”moral obligation” to protect the interests of future generations.

”I don’t think it’s fair to clamour over a few jobs now and leave our grandchildren to pick up the tab environmentally and economically.

”Frankly, I think that’s a very selfish way of looking at economic development.”

Cr Jinty MacTavish agreed, saying the city would not spend money to try to attract the ”unethical” tobacco industry, and should avoid the oil and gas industry for the same reasons.

”It’s an unethical business and I wouldn’t like to see Dunedin setting out to attract it.” . . .

Contrast this with the reaction from Invercargill.

Yesterday’s Southland Times devoted its whole front page to telling the story – consortium backs $200m basin well –  and followed up with enthusiastic welcome for drill plan.

Today’s story is headlined drilling holds promise of job bonanza.

Shell will make its decision on where it’s based on a variety of factors, one of which will be the attitude of the city.

In good times and bad, you have to do what you can to help yourself.

Invercargill is doing that, Dunedin must do better.


Presbyterian approach to recovery prudent

December 24, 2013

The ODT opines:

Even though the Treasury forecasts have been notoriously cautious for many years, there is a general feeling within the business and economic communities that New Zealand is about to start a purple patch of economic growth.

With the economy set to grow by 3.6% in the coming financial year, followed by annual growth of between 2.1% and 2.4% for the following two years, New Zealand’s economy may well be the envy of many in the Organisation of Economic Co-operation and Development. Mr English is rated with restoring the Crown accounts to surplus and doing more than his fair share of the heavy lifting on policy by the publication Trans Tasman. The deputy prime minister has driven reform in the state sector to use resources more effectively and deliver higher quality services. In the House, he has become a commanding performer, blunting Opposition attacks. . .

In past times of good fortune, government finance ministers have come under strong pressure to try to ensure re-election by making big-spending election promises. Those times have hopefully passed. The importance of having a sound economy, the growing of employment, certainty for businesses and households must overshadow the individual ambitions of politicians. . .

We must take the opportunity the sunnier outlook provides to make hay and put away a good harvest like good ants rather than squander it like grasshoppers.

The Southland Times also combines praise with the need for caution:

A slew of economic reports in the past week or two have shown an ever-sunnier view ahead for New Zealand, and especially Otago and Southland.

Business New Zealand’s latest surveys of services and manufacturing sectors showed strong expansion under way across the country but with stellar scores Otago-Southland region far eclipsing all other regions. In Westpac’s survey of regional economic confidence Southland scored second highest. . .

It is not hard to pick the source of the extra optimism here in the south. Take a bow, Mrs Cow. . .

The glow from the white gold is spreading throughout the economy, earning money and creating jobs not just on-farm but in servicing and supplying them and the people who live on them.

Treasury is forecasting economic growth next year of 3.6 per cent.

Barely a day later Statistics NZ announced that a 17 per cent surge in agricultural production had helped growth to hit 3.5 per cent already. Higher than Australia.

We can laugh at that, but it should be remembered that it is not unusual for New Zealand to grow faster than Australia, or even beat them at cricket. The problem is that it always proves a one-off. While the Kiwi economy puts on bursts of speed, the Aussie trucks along steadily and just like the fabled tortoise, wins the race.

Just as on the rugby field, the champion team is the one that performs consistently, week-in, week-out, not the one that plays the occasional blinder, then falls apart a week later. Graphs of New Zealand’s growth rate tend to be too much like Fiordland’s landscape: leaping and plunging in a fashion adventure tourism operators might appreciate but stolid Southlanders should not.

In the past, the attitude of both individuals and Governments has all too often been “Great! Crisis over. Lets go back to the bad habits that created it.”

That would be easy and wrong, not just for individuals but the country.

That is an important  message for the run-up to next year’s election.

A change in government would undo all the good that’s been done and take us back to the over taxing, over spending policies of the Labour-led government which put the country into recession before the rest of the world.

We still carry too much debt. We continue to run nasty current account deficits. And the evidence is that Aucklanders at least have not yet cured their mania for property bubbles.

It is easy to go on a diet, to quit smoking, to start saving for the future. The harder part is to keep doing it. The reward for losing a kilogram is a cream cake. And all too quickly, the old habits return.

The secret to sustained economic success is not a bottle of miracle oil, or a lucky puff of the economic trade winds. It is discipline and perseverance.

Solid southern men and women know that. We should set an example for those northerly types: eat the cupcake, but sell the cream.

We can celebrate the purple patch but can’t afford to squander the opportunities it will provide to strengthen the economy and help people most in need.

As the ODT says:

. . . Balancing the budget is important. Taking on less debt is important. Ensuring business confidence leads to job growth is important. Ensuring social justice remains a key part of the country’s psyche is important. Mr English knows the challenges. In 2014, he must balance the needs of the Government with the needs of the people.

A Presbyterian approach to the recovery is prudent and necessary to ensure we don’t return to the bad habits of the past and to provide weather-proofing to help us withstand the next storms.

The need for this isn’t just economic but social. A strong economy is the only sustainable way to provide first-world health, education and other services that address the needs of the people.


Happy headlines

October 17, 2011

ODT – All Blacks muscle way into World Cup final

Too big, too strong and, most of all, just too damn    clinical. The All Blacks beat the Wallabies 20-6 in the World    Cup semifinal last night, and showed they have the muscle and    grunt to go with the renowned finesse in the side . . .

Southland Times – ABs trample over Aussies

France versus 4 million, the All Blacks have their date with destiny after surging into the Rugby World Cup final. . .

The Press – Screaming for All Black joy

After living through their city’s devastation, Christchurch residents could
finally scream for joy . . .

Dominion Post – All Blacks reward party faithful at fanzone

Clad in black, with faces painted in silver ferns, a crowd of thousands cheered the All Blacks to victory in Wellington’s fanzone last night . . .

NZ Herald – Epic All Blacks deliver on huge night

Yes we can and yes we did – in style . . .

And not so happy:

The Australian – Wallabies outplayed out smarted all blacked out

THE Wallabies’ World Cup campaign lies buried in the graveyard of Eden Park after they were bundled out of the tournament by the All Blacks last night . . .

Sydney Morning Herald – Great hope of rugby fumbles and bumbles when he was needed most

If that was Quade Cooper’s best game ever, as captain James Horwill fearlessly  declared it would be on match eve, then one can only wonder what  his worst has  been . . .

The Age –  Kiwis on the cusp after walloping Wallabies

AND yea, verily, it is written. Though long have our Kiwi cousins walked in the  shadow of the Valley of Death, through World Cup loss after World Cup loss, as  an entire people plumbed the depths of despair, now, now the hour is  upon them. The promised land is now just up ahead around the bend . . .

Peter FitzSimons gets full credit for graciousness in the last column.

 


A tale of two headlines

July 23, 2011

The Press: Southland lift Ranfurly Shield – last minute drop goal steals shield

Southland Times: Southland’s shield again – late drop-goal gets Stags up


What happened to the mid-term toughie?

May 21, 2010

Mid term Budgets are generally the tough ones.

It’s when tough medicine is delivered in the hope people will have forgotten, or at least got used to, the taste by the time they vote.

This Budget hasn’t done that.

There were a few positive surprises and while there are a few complaints, the general response is positive.

From south to north:

The Southland Times says it was Cautiously corrective:

The Budget was more a series of cautious, reasoned calculations, political as well as economic, following a pretty well-signposted path. . .

Disinclined though most people may feel towards outbursts of impassioned applause, some acknowledgment is due that Finance Minister Bill English delivered, on balance, more by way of tax cuts than had been expected. . .

//

Mr English is entitled to claim that New Zealand now has a fairer tax system.

This does not, necessarily, amount to a mission accomplished. Far bolder measures such as capital gains and land tax options were discarded, but the bottom-line issue is less whether the changes were correctional – they were – than whether they were too meek.

Mr English and Prime Minister John Key would be happy enough if the debate in future weeks were to be primarily whether they were cautious to a fault in how far they went down the right track.

But it won’t be. Neither life nor politics is that simple.

The ODT says it’s A Budget gamble:

What really matters, though, is whether the changes will stimulate investment in jobs and in product-creating industries (without which there cannot be lasting economic growth) or simply leave New Zealanders’ habitual spendthrift ways unchanged.

. . .   The Government deserves commendation for – at long last – tackling a few of the seriously detrimental distortions in the taxation system; but for the rest, a mark of “achieved with credit” is some way off.

In essence, the Government has judged its measures to be long term: a brave and necessary conclusion.

The Dominion Post sees Bold steps towards an economic recovery:

Finance Minister Bill English has not gone as far in his second Budget as he was advised to go by the high-powered Tax Working Group earlier this year. But he has been bolder than most pundits expected. And, wonder of wonders, the Budget is a coherent document that should encourage saving and investment and discourage consumption and speculative investment in property. . .

There is something else for the naysayers to consider. Even before the financial crisis struck, economic growth had stalled in New Zealand. Without changes to make it a more attractive destination for investment and skilled workers, New Zealand was facing a further slip down world economic tables. Mr English has made a promising start to arresting the trend.

The Taranaki Daily News writes Budgeting on widening the gap:

But the Government’s `surprise’ package for middle-class earners and its across-the-board tax changes cannot hide the fact that despite being touted as something for everyone, a significant portion of our community will still be getting substantially more than others.

The NZ Herald says Budget puts NZ on course for stability:

If National’s second Budget has done nothing else it has restored reasonable personal tax rates. . .

The Budget was upbeat on the economic recovery, forecasting growth of 3 per cent a year for four years, which would reduce unemployment to 4.5 per cent in four years and return the Government’s accounts to surplus in five years.

Most important, those forecasts enable the Treasury to plan debt reductions.

National Governments are never happier than when they can reduce taxes, and never more determined than when they can remove a welfare rort.

They managed to do both in this Budget, stopping those who minimise their assessable income from claiming income support from the state. . .

The Government has not forgotten that only half the country’s top earners have been paying the top rate, and that those who do pay it provide nearly half of the revenue extracted from personal incomes.

It has given the payers a more reasonable rate. If the rest in the highest bracket have been induced to contribute fully, the Budget will have been a success.

Keeping Stock has a round-up of views from commentators.


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