More public service job cuts are on the way, with hundreds more jobs set to be axed at Health NZ, and close to 50 jobs at Te Arawhiti. Winston Peters is saying Nicola Willis’ ferry proposal is now dead in the water and that he is going back to the drawing board. Controversial legislation is passing Parliament under urgency this week, including the reinstatement the three strikes law and a bill making life harder for beneficiaries.
Union coverage
Employment
- Hundreds more jobs set to go at Health New Zealand
- Māori-Crown relations office Te Arawhiti confirms restructure
- Change in direction for Holidays Act reform
- Probe into Deputy Police Commissioner Jevon McSkimming: What we know
- ‘No job is worth sticking out a terrible manager’: NZers suffer in toxic work environments
Politics
- Peters says ferry decision is back to the drawing board
- New legislation cracking down on beneficiaries passes first reading
- Bill reinstating controversial three strikes law passes second reading
- Specialists draft anti-slavery bill which they hope MPs will support
- Conservative US commentator Candace Owens will ‘stoke more hatred’ on NZ visit – Holocaust Centre
Te Ao Māori
Economics
Opinion
- If looks could kill, Winston Peters would be dead
- The diversionary, don’t-rock-the-boat approach to ‘disrupting’ the banks
On the economy we are so fixed on government debt but choose to ignor the real elephant in the room private debt .We bleat about banks making money but continue to borrow hard out and now we have things like after pay that are not part of the banks .People say we dont have enough competition which is bull dust as there are about 20 banks operating in NZ right now .Making kiwi bank bigger and open banking will make no difference at all .I could change my bank which will simply mean I will have debt at another bank not less debt.
Government debt if it is 100 billion is 20000 per person
Private debt is $540 billion or 108000 per person
Two problems there people think they are wealthy but when you take that debt away they actually own very little ,then add on the second tier debt like finance company debt for cars and such they owe even less .
So you are loading your new born kid up with 108000 the day they are born .