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Oh gladsome day!
“New Zealand would have one of the most well-capitalised and highly liquid financial sector in the world … that is a wonderful position to be in for the country as a whole.” Audio
https://www.rnz.co.nz/news/business/477967/rising-interest-rates-mortgage-holders-under-financial-strain-urged-to-talk-to-bank-map-out-plan
,,,The Bankers Association said anyone experiencing financial difficulty should make it a priority to contact their bank to discuss their options.
Its chief executive Roger Beaumont told Morning Report the fact New Zealand’s banks were in good financial shape would help the country weather the economic storms that were “inevitably coming”.
“Having strong banks [that] are robust, [that] can steer into those storms, will enable the economy to get through.”
People who were facing any “significant change in circumstance” that would cause them difficulty paying their mortgage – such as losing their job – should ring their bank immediately, he said.
“If you’re having financial difficulty it’s best that you talk to your bank and map out a plan for what you can do.”
He defended the banks’ profit margins saying they were operating in a competitive market but that the lenders understood their social responsibilities to customers…
Reserve Bank governor Adrian Orr also said New Zealand was in good economic shape to face the types of challenges being seen the world over…
Orr urged RNZ listeners to read the six-monthly financial stability report RBNZ released yesterday.
“Look at that, understand that … none of this should be a surprise to anyone, and none of it is a surprise to us about the situation that New Zealand is in.
“In an absolute sense, yes, we have high inflation, in a relative sense, we are probably … one of the the best-positioned economies globally.”
So we’ve bought a good economy – at whose cost at the end of the day?
https://www.rnz.co.nz/news/national/477962/uncontrolled-aerodromes-instilling-dangerous-local-practices-taic-report
This is NZ’s The Practical Man syndrome – the idea of cutting out regular safety measures as unnecessary babysitting rules or management health and safety irritations. There is a tendency for dumbing down and those who recognise the need for proper procedures, to be ignored or mocked, I think. Just from my observation, but I think it is similar to the anti vaxxers smart-alek revolt against sound, intelligent precautionaryprocedures. Precautionary, now that is a dirty word in these vibrant, thrusting, forward-moving days. Have you noticed this yourself?
This Google privacy article confused me. What are they up too, exactly, in non-tech speak? https://www.rnz.co.nz/news/national/477981/google-says-privacy-key-as-nz-identity-check-system-planned
The more tech advances that come in to enhance our living standards, the more worries and complex problems we have to put up with that detract from the advantages more than somewhat.
Also then we learn that the armed forces are sometimes the instigators of new-tech but usually first adopters. So we increase the killpower of the arms we use, and tantalise the forces chiefs and itchy-fingers in the ranks because everyone would like to try out the new trebuchets.
Trebuchet – Wikipedia
https://en.wikipedia.org › wiki › Trebuchet
A trebuchet (French: trébuchet) is a type of catapult that uses a long arm to throw a projectile. It was a common powerful siege engine until the advent of …
So then we get ‘hoist on our own petard’. A circular system.
Same old, same old problem. But Labour can’t bring itself to do anything that might disturb some business corpse’ profitability flow – it is in the trade agreement doncha-know. So we can’t severely limit fireworks because at the heart of every male a destructive, careless boy lurks. I am sick of those other lurkers, I’ll give up some of my own anarchic predilections if we stop encouraging dangerous toys for the boys (and their molls).
https://www.rnz.co.nz/news/national/477994/christchurch-fire-caused-by-youth-playing-with-fireworks-police
Police say the fire north of Christchurch that forced more than 100 people to evacuate overnight was caused by young people using fireworks.
Crews are still fighting the coastal fire north of Christchurch, which has so far burned through 160 hectares of dune bush and pine trees.