S&P downgrades 18 councils, blaming Govt
S&P cuts 18 council debt ratings by one notch with another cut possible for Dunedin & Wellington; S&P cites new Government's abrupt reversal of 3 Waters, cuts to capital grants & new unfunded mandates
The Governmentโs push to reduce its own borrowing to lower borrowing costs for all is backfiring because it turns out pushing costs and debt out and on to councils in an abrupt and chaotic way has just forced S&P to cut 18 council debt ratings. 1/4 thekaka.substack.com/p/s-and-p-do...
20.03.2025 00:14 โ ๐ 126 ๐ 48 ๐ฌ 4 ๐ 11
Grim from the latest Westpac-McDermott Miller survey of consumer confidence in NZ:
"Only two in ten men and fewer than one in ten women expect good economic times in New Zealand over the next year."
That's going into an election year.
19.03.2025 03:26 โ ๐ 51 ๐ 9 ๐ฌ 3 ๐ 2
"I don't believe that the government should be involved in casino gambling." - Minister Brooke van Velden
The same minister selling 15 online gambling licenses to mostly overseas operators.
#BreathtakingHypocrisy
18.03.2025 20:49 โ ๐ 29 ๐ 7 ๐ฌ 3 ๐ 0
Public health doctors say Simeon Brown is meddling in the submissions they can make and it's having a "chilling effect".
Doctors and health experts should be free to do their job without being micro-managed by Simeon Brown.
19.03.2025 07:49 โ ๐ 164 ๐ 50 ๐ฌ 4 ๐ 3
Breaking: Luxon/Willis full of crap on debt.
19.03.2025 02:25 โ ๐ 3 ๐ 4 ๐ฌ 0 ๐ 0
No free lunch in overseas investment (not even a late or inedible one)
Comment: In its eagerness to be busy and open to business, the Government invites not mutually beneficial trades but investment ram-raids, writes Rob Campbell
Rob Campbell, Bernard Hickey, Simon Wilson and Craig Renney all warning us about the hidden costs in PPPs compared to cheaper govt investment.
In short it's debt for our grandkids.
No free lunch in overseas investment (not even a late or inedible one) #nzpol
newsroom.co.nz/2025/03/17/n...
19.03.2025 02:26 โ ๐ 78 ๐ 44 ๐ฌ 10 ๐ 0
#BHN Can someone explain to me how Brian Tamaki is not also sitting in the dock beside his church members as his incitement to the violence seems crystal clear?
This is from his 'sermon' the day after the event
More tonight at 9pm
#nzpol @chewienz.bsky.social
19.03.2025 01:34 โ ๐ 75 ๐ 20 ๐ฌ 5 ๐ 1
"at absolutely no point will I ever ever do anything to oppose Trump. Did you know I have a book out?"
19.03.2025 02:45 โ ๐ 19 ๐ 3 ๐ฌ 0 ๐ 1
๐จ๐จ๐จ
So we're hitting the crisis point, with the apparent defiance or evasion of court orders on deportations and immigration, plus shutting down agencies, cancelling grants, and firing civil servants contrary to existing law. And claims from DOJ that Article II of the Constitution enables autocracy.
16.03.2025 21:41 โ ๐ 2455 ๐ 748 ๐ฌ 103 ๐ 42
Good lord #nzpol thespinoff.co.nz/politics/17-...
16.03.2025 22:25 โ ๐ 27 ๐ 9 ๐ฌ 3 ๐ 3
Act Party leader David Seymour said while there is โan element of truthโ that the University of Auckland is independent and can do what it wants, he intends to โappoint better peopleโ to the university council who he said have the โultimate sayโ.
Seymour said he was frustrated the university hadnโt โquite got the memo that the people changed the governmentโ.
I dunno man I kind of think threatening to make political appointees to a university specifically to axe courses you disagree with is, in fact, the exact opposite of academic freedom but, you know, Iโm not a learned free speech advocate like you so what do I know.
www.nzherald.co.nz/nz/david-sey...
14.03.2025 03:03 โ ๐ 24 ๐ 5 ๐ฌ 1 ๐ 0
PPPs are more expensive, slower & riskier than Govt DIY
Luxon pitches for โtens of billionsโ of pension funds for motorways, prisons & hospitals, but the deals are too small or infrequent to garner interest; PPPs are also poor value for money for taxpayers
The Governmentโs PPP drive ignores that they cost twice as much as Govt-funded projects, theyโre often late, fiendishly complicated, beset by litigation & vulnerable to public bailouts. The projects themselves are mostly lucky to generate BCRs >1, even without accounting for climate & health cost.
13.03.2025 21:24 โ ๐ 60 ๐ 22 ๐ฌ 1 ๐ 1
A reminder to Kirikirora people that in the weeks following the Christchurch shootings, it was patched-up Mob members who stood guard over the mosque here in Claudelands. And they were very welcome at the time.
15.03.2025 01:15 โ ๐ 88 ๐ 18 ๐ฌ 2 ๐ 1
A rare misstep from Simeon Brown, Ayesha Verrall exposing an utter pothole in the Health funding #NZPol
14.03.2025 22:22 โ ๐ 102 ๐ 40 ๐ฌ 7 ๐ 1
#Resisters
@bluewavesurfer.bsky.social
@indivisiblebaltoco.bsky.social
@mindy25.bsky.social
@vviper420.bsky.social
@imamad24.bsky.social
@funkynewt.bsky.social
@jpp197187.bsky.social
@mommio.bsky.social
@tikifire.bsky.social
@thegoodadoptee.bsky.social
@elliot-hanes.bsky.social
15.03.2025 02:27 โ ๐ 152 ๐ 35 ๐ฌ 7 ๐ 2
Yep. He could stand up to them in cabinet not give them a space for promoting division and gun reform.
15.03.2025 03:20 โ ๐ 6 ๐ 4 ๐ฌ 0 ๐ 0
Luxon says NZ must confront forces that led to mosque attacks on the sixth anniversary
Prime Minister says the country must continue to confront the forces which led to the deadly attacks on 15 March 2019.
a member of HIS government, called a Keffiyah a "terrorist tea towel"...not a peep from him then, so maybe there is a place eh luxo
the government he leads is also trying to loosen our gun laws, at the behest of the of the gun lobbyist that is part of his government
www.rnz.co.nz/news/nationa...
15.03.2025 01:57 โ ๐ 91 ๐ 21 ๐ฌ 7 ๐ 4
may they all RIP
14.03.2025 19:36 โ ๐ 35 ๐ 6 ๐ฌ 0 ๐ 0
& the sad thing is even the good people of bsky were saying โoh this isnโt true, theyโre not this badโ.
14.03.2025 19:45 โ ๐ 16 ๐ 4 ๐ฌ 4 ๐ 1
RACIST stamp over Simeon Brown's face
Officials have said this will save the lives of 111 Mฤori & Pasifka people & you decide to go against official advice.
I'm sorry the only word for that is...
14.03.2025 20:11 โ ๐ 50 ๐ 12 ๐ฌ 4 ๐ 2
Muslim community fears more mass shootings if gun laws rolled back
More people will die in mass shootings if firearms restrictions are rolled back, members of the Muslim community say.
As we approach the anniversary of March 15 it is important to remember that one of the things to come out of that was that lawmakers came together and banned high powered semiautomatic weapons. Only the ACT Party voted against it.
www.rnz.co.nz/news/nationa...
13.03.2025 22:15 โ ๐ 164 ๐ 71 ๐ฌ 1 ๐ 4
Winston's war on woke moves into the classroom
The NZ First leader has claimed victory as sex-ed guidelines are removed, while the Opposition says his focus on diversity and relationships imitates the US president.
Our Govt is using Trump-like tactics to score points by targetting our kids. Poor quality school lunches. Attempts to shutdown student protests. Demanding kids attend 100% regardless of health.
And now? Removing up-to-date info on sex/gender/consent education. #nzpol
www.stuff.co.nz/politics/360...
13.03.2025 05:32 โ ๐ 16 ๐ 5 ๐ฌ 1 ๐ 0
A safe haven that blows $800 million ship building contracts ๐ง
13.03.2025 18:32 โ ๐ 33 ๐ 12 ๐ฌ 7 ๐ 0
Screenshot of a NZ Herald story that reads "Sobering. Government books sink further into the red than expected" over an image of failed finance minister Nicola Willis
Are we back on track yet? #nzpol
13.03.2025 11:28 โ ๐ 30 ๐ 9 ๐ฌ 1 ๐ 3
Imagine getting up in the morning and thinking "Today I'm going to make life worse for the lowest paid people in Aotearoa, because then rich people will ask me to join their think-tanks."
12.03.2025 23:51 โ ๐ 41 ๐ 7 ๐ฌ 2 ๐ 0
Believe in yourself! Work hard, never give up & anything's possible! OR: Kick back, relax & aim low: You'll never be disappointed...๐ I IGNORE ALL DMs!
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Originally in that order, now combined.
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