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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28/10/11

Labour takes a bold step on retirement


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This editorial in the Herald congratulates Labour on tackling burgeoning superannuation costs but suggests the policy could have gone further:

"Even before economic gloom set in, Retirement Commissioner Diana Crossan was pointing out looming problems in superannuation's affordability because the lifespan of an ageing population had been underestimated.

The budgetary woes arising from the recession and the suspension of Cullen Fund contributions have served only to strengthen her case.

As much seems to be acknowledged by an increasing number of people. In a Herald-DigiPoll survey in May, 52.3 per cent of respondents believed the Government should be discussing raising the superannuation age.

Labour must have taken heart from this. Its policy is in line with Ms Crossan's recommendation that the age should be raised by two months a year from 2020, reaching 67 by 2033. Unfortunately, that is flawed because the increase would culminate as those born in 1966 reached the new eligibility age. The baby-boomer bubble will have passed its peak.

On the basis of demographics, any lifting of the qualifying age needs to happen before then. Equally, a decision needs to be made quickly, so people can plan for their retirement. Germany has acted and so has Australia, which will raise its age progressively until it is is 67 by 2023. Labour's policy would be much improved if it demonstrated a similar urgency."



tags: superannuation, diana crossan

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