The Daily Blog Open Mic Tuesday 11th August 2015

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openmike

 

Announce protest actions, general chit chat or give your opinion on issues we haven’t covered for the day.

Moderation rules are more lenient for this section, but try and play nicely.

 

3 COMMENTS

  1. FJK was as venomous as ever in Parliament this afternoon! Blaming Labour for just about every NatzKEY failing in Question and Answer time.

    And Speaker Carter is protecting his own backside, over the Saudi sheep dags issue, because he was involved up to his neck in it, when he was minister! Wouldn’t allow a debate from David Parker re the corrupt deal, despite official documents coming to light last week! Carter allowed FJK to verbally wander all over the place, when responding to questions on the matter! So no conclusive answer was given!

    And where is Murray McCully these days? I realize as foreign minister he is required to be out of the country occasionally. But surely, as a very small nation, we don’t have that much foreign business to deal with, that he is away from Parliament for well over a month! Funnily enough, he has been absent since the Saudi sheep dags scandal broke!

    Come to your own conclusions on that one!

    • Hi Mary,

      Yeah, Key & Carter go hand in hand as you see, Carter gives key all the time to snipe but wont let any opposition MP’s do that so he is a foot soldier for key and we will remember this when we have iour revolution.

      Mc Cully’s probably selling more of NZ to China now as it looks here like FJK is hooking us onto the Chinese yuan not the US dollar the bloody fool, so as we go under China’s control FJK and his sidekick Mc Cully will just be the NZ salesman for “NZ On Sale”

      http://www.scoop.co.nz/stories/BU1508/S00341/nz-dollar-drops-sharply-after-china-devalues-yuan.htm

      NZ dollar drops sharply after China devalues yuan
      Tuesday, 11 August 2015, 2:37 pm
      Article: BusinessDesk

      NZ dollar drops sharply after China devalues yuan

      By Tina Morrison

      Aug. 11 (BusinessDesk) – The New Zealand dollar dropped sharply after China’s central bank devalued the yuan following recent poor economic data, which will help exporters in Asia’s largest economy.

      The kiwi dropped as low as 65.50 US cents, from 66.27 cents at 1pm, and was recently trading at 65.60 cents. The kiwi rose against the yuan following the statement. It was recently trading at 4.1341 yuan from 4.1150 yuan at 1pm.

      The yuan fell to its lowest point in almost three years after the People’s Bank of China said it had changed the way it calculated the currency’s daily midpoint against the US dollar. China manages the exchange rate through an official midpoint, from which trade can rise or fall 2 percent on any given day. The central bank said it would now base the yuan’s midpoint on market makers’ quotes and the previous day’s closing price. The move comes after weaker Chinese trade and manufacturing data was released at the weekend, raising concern about an economic slowdown.

      “They are trying to bolster their economy and the easiest way of doing it is by making it better for their exporters and make themselves more competitive again globally,” said Tim Kelleher, head of institutional FX sales New Zealand at ASB Bank.

      “It’s more monetary easing in Asia, theoretically it will decrease our competitiveness as well.” Kelleher said. “If all the countries are easing their monetary policy then it puts further pressure on the RBNZ to ease as well.”

      The New Zealand dollar increased against the Australian dollar, reflecting the Australian economy’s bigger exposure to China, Kelleher said. The kiwi was recently trading at 89.44 Australian cents, from 89.13 cents at 1pm.

      (BusinessDesk)

      © Scoop Media

  2. @ Mary – so much for serious debate and being held accountable – it’s simply a joke, the whole system. Can we not scrap it and start again?

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