I am constantly surprised to find yet another acquaintance, friend, senior citizen who uses their computer to purchase all manner of items from all over the world, online shopping. Some of the purchases are junk and usually the supplier wasn’t checked out thoroughly but the majority by far seem to be satisfied with their transactions. I have an account with Amazon, AliExpress,…
In January 2004, I addressed the Orewa Rotary Club by asking: What sort of nation do we want to build? > Is it to be a modern democratic society, embodying the essential notion of one rule for all in a single nation state? Or is it the racially divided nation, with two sets of laws, and two standards of citizenship, that the present Labour Government is moving us steadily…
On the 20th April Panuku Development and Auckland Transport rolled out an ‘exciting temporary trial’ on King Street with a focus on making it safer for people to walk around Pukekohe. The idea? Make King Street one way. Chaos ensued. Drivers felt less safe when they were suddenly unable to access King Street from the main Manukau Road roundabout and the general response to…
The recently announced 2021 Budget was an opportunity missed. With vaccination programmes underway and many countries progressively opening their borders, it’s time to reset and better position our economy for growth. This Budget should have delivered a pathway back to prosperity and to reduce the debt burden on future generations, but instead of supporting businesses to create…
Last month, I wrote about the way in which radicals are working to reinterpret the meaning of the Treaty of Waitangi, often arguing that the Treaty of Waitangi (in English) and Te Tiriti o Waitangi (in te reo) are two quite different documents, and that there is no way that Maori chiefs would have surrendered sovereignty in 1840. Given the speeches made by Maori chiefs on 5…
Organ Donation I decided to share some of my thoughts about Organ Donation, frankly a subject that is not often discussed. I have a gorgeous little granddaughter soon to be 7 years old. She was born with hyper active kidneys meaning that they cleaned out everything including her mother’s antibodies protection. This was a traumatic situation caused by one hereditary gene, a…
The RBNZ laid out the path for policy, including OCR rate hikes from mid-2022. Interest rates, including mortgage rates, have bottomed (all going well). We have pulled forward our forecast OCR hikes to commence from May’22. New Zealand’s monetary policy stance sticks out compared to the RBA, and most other central banks. There is significant upside risk to Kiwi interest rates…
The number of people outside keeps growing. Where there had once been a harmless handful, there is now a good-sized crowd. And they keep coming. More and more of them. You can hear car doors slamming, footsteps, the soft murmur of exchanged greetings. These people can’t quite believe what they’ve been told, so they’ve come to see for themselves if the story is true. It was…
A bombshell ruling from the High Court opens the door to tribal control of New Zealand’s foreshore and seabed. It represents a major setback for those who believe the country’s coastline and Territorial Sea should be owned by no-one and protected by the Crown for the benefit of all. The Edwards case is the first of some 200 Marine and Coastal Area Act applications for customary…
A couple of issues back, I wrote about the way in which the Government had passed legislation under urgency to prevent ratepayers having any right to demand a referendum before local authorities establish Maori wards, as a previous Labour Government had explicitly legislated for. I want to discuss this issue a bit further because I’ve had some people say to me that the Treaty…
Auckland Council obviously doesn’t bother to look back on past mistakes by previous versions of the original Auckland City Council. They should take the time to read Graham WA Bush’s “Advance In Order” written in 1991, with a council committee overview under Cath Tizard, the then Mayor of Auckland City. This book covered the events and history time line from 1971 to 1989. Further…
The month of May is action-packed with the Government’s Budget (May 20) and the RBNZ’s Monetary Policy Statement (May 26). And this week, we get the RBNZ’s semi-annual Financial Stability Report (FSR). Unfortunately, even before its release, the FSR has lost some of its allure. We learnt last week in the media the RBNZ will not include a response to the Minister of Finance on DTI…
There she goes, New Zealand’s Wonder Woman, striking a model’s pose on the cover of yet another women’s magazine, Thrive, dedicated to the wellness mantras Ardern herself spouts. Its subtitle – ‘Care’ – tells us ‘How Jacinda looks after herself (and us)’, the article gushing about the cup of tea Clarke Gayford, the father of her daughter, brings her every morning; how he makes…
The Government announced its latest suite of new measures to tackle the rampant housing market. From scrapping interest deductibility to a stealth capital gains tax, the hurdle for investors has been lifted. On supply, the Govt has left us waiting. There’s enough momentum in the housing market to see prices peak at 25% by the middle of the year. Growth should cool but remain in…
There has been much talk in recent years of the ‘cashless society’. Certainly, our major banks are keen on electronic banking. By closing their branches and reducing the number of human tellers, replacing them instead with ATMs, the banks reduce their overheads. Some would claim e-banking is also more secure – “the cheque’s in the mail” is no longer an excuse. It’s also…
Throughout my almost 14 years as Governor of the Reserve Bank, Michael Reddell was one of my most insightful advisers. And one of the many issues he warned about was the danger to social and economic stability of a continuing escalation in house prices. As a result of that warning, I commissioned a study on the issue by Owen McShane, who in turn pointed out the potentially…
I have been mulling over Anzac Day on April 25 this year in New Zealand, my wife will be proudly wearing her uncle’s WW2 medals at the ceremony we attend each year. It’s noticeable, and gratifying the increase in young New Zealanders attending ceremonies wearing granddad’s or grandma’s medals with pride. The service this day remembers all these fine young men and women who gave…
So much has happened since I wrote my last column for the February edition that it’s hard to know what on Earth to focus on both internationally and here in New Zealand. In the February edition, I expressed the view that Donald Trump was the worst US President in my lifetime. And since then we have seen Trump’s impeachment, for the second time, this time for inciting the…
I have a secret to confess: I have an unusual respect for Don Brash. Believe me; we don’t always see eye-to-eye. As a sixth-generation Kiwi, whose family’s early survival in New Zealand was in no small part due to the good-will and manaakitanga of the iwi on whose tribal lands they settled, I find his dismissive attitude towards Māori culture particularly offensive. …
What on earth is going on? In my late 70s I look back on values that have changed in my lifetime and find myself wondering just where we are heading now. Who and what is driving our country and what’s their agenda. It seems to me abundantly clear over the last months, we are travelling head on into a reverse Apartheid New Zealand apparently condoned by our Government. The…