Comments

David Thompson Posted:
So very, very true. It beggars belief that we consider ourselves to be a developed nation when so much of our economy is based on selling milk powder or logs. BTW, I own a Plinius amplifier (my second) that drives a set of Theophany speakers.
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David Thompson Posted:
A robust but sobering report. It concerns me that confidence is rising, yet sales and exports are down and "manufacturers and exporters are still lagging behind other sectors". Surely we should wait until we're earning more money before we start spending more?
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siemens Posted:
Yes true! The only thing that will never die in this world is the nature and its science behind it. Great post.
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Kieran Ormandy Posted:
Thanks for the question Steven, Germany has seen increases in manufacturing employment since 2009, and Switzerland has had stable manufacturing employment between 2006 – 2011, even in the face of ongoing Euro-zone issues. Korea has seen increases in manufacturing employment since 2008 and Israel experienced large increases since 1998, while being stable over the last 4 years. Singapore has had increases in manufacturing employment over the last two years. These countries all value their manufacturing sectors and work to protect them, this is reflected in the above numbers and their performance through the GFC. Note data around the above examples was sourced from OECD labour market stats.
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John Walley Posted:
Point one: you should have no doubt what our Association says publically represent the views of our members. Point two: we don’t knee jerk responses, if you trace back our comments around NZPower you will see them link all the way back to our research in 2004 and 2005. All that material is fully linked from our comments above. Point three: you will note our comments on major users, sadly the same advantage does not accrue to smaller industrial users. The perverse incentives of the LRMC approach in all this are well known. Point four: the NZMEA is not like any other Association in New Zealand we admit only manufacturers and exporters into membership, and our public expressions are the views of that restricted membership.
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31/8/11

Economy in danger and Govt must act: Fran O'Sullivan


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Fran O'Sullivan argues that the debt problem caused by the Canterbury earthquake, on the heels of a recession, justifies much more urgent action from he Government in an article for the Herald:

"The Canterbury quakes are proving to have a much more significant impact on this country than the global financial crisis which sparked the Key Government's launch of a "rolling maul" of initiatives.

How hard would it be for the Government to:

* Immediately impose a special tax aimed at higher income earners to start replenishing the Natural Disaster Fund which has been exhausted by the impact of the Christchurch quakes.

* Commandeer large amounts of stable land on the outskirts of Christchurch and launch a big state-led building programme to get people safely rehoused quickly. Do this instead of allowing developers to book obscene profits at the expense of fellow citizens who have already lost enough of their equity through the quakes.

* Tell New Zealanders - including the business community - the truth about just what it will cost in future to insure residential and commercial buildings in this seismically challenged land."

O'Sullivan finishes by quoting Bill English's comment late last year also detailing the parlous state of New Zealand's debt:

"After the February 22 earthquake I reprised English's December 14 warning that "we've got to be in a position where we can handle another recession and another earthquake and frankly we won't be there until 2020".

With what's happening on the global front - and the EQC's relative insolvency - let's all hope that we don't get another "big one" for years to come. We just can't afford it."

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10748471


 



tags: canterbury earthquake, governement debt, bill english

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