We can see the results of government stimulus such as school buildings, roads and poorly-fitted insulation but we can’t see what wasn’t made as a result of resources being diverted by the government to these uses. Identifying the economic impact is difficult. New Zealand Journal of Geology and Geophysics. Their political fortunes depend on it, 4 of our greatest achievements in vaccine science (that led to COVID vaccines). Normal bloggage will resume Tuesday. Remember that either of these methods are required to pay for infrastructure that cannot be paid for out of current taxes – and shouldn’t be. Great question as it is the question that is always raised when public credit is proposed in opposition to private bank credit. Did everyone spontaneously applaud Amanda Palmer in a Havelock North café? It is good timing, however, in one sense. Infrastructure is damaged as are buildings and factories. I applaud the writers of The Standard for taking on the idiots saying the earthquake will be good for the economy. xÐðID[Ì\ ˆrÙEb®§=.0DÛd>m&«#y¸YÔ9’w Šd4Ä.ƒðß5$Ä)êê •7rûtçì6Hz Goods exports and manufacturing activity appear to have held up well. Russia Today has a great video of the shaking and the environmental effects: Monday’s M6.0 event was a strike-slip earthquake that occured 10 km NE of Christchurch in only 2 km depth. I remember when that visionary leader George Dubbyerbush decided to dump billions of dollars of bombs on Iraq and Afghanistan the right crowed with delight about the benefits to the US economy that would entail. the msm would just have blindly followed the stupid ‘silver lining’ angle otherwise. Where and when was that averred? After CEO exit, the big question for Oranga Tamariki: reform it or scrap it and start again? Despite the somewhat dark subject matter, Estère Dalton’s eyes sparkle with fascination. The Green Party welcomes the resignation of Grainne Moss as Chief Executive of Oranga Tamariki. If I break my cellphone and have to dip into my savings to replace it, I am not better off, I am worse off – even if the new phone is better because obviously I had preferred to have my old phone and my savings rather than the new phone. Hazlitt opposed Major Douglas – Major Clifford H. Douglas the founder of the Social Credit school of economic democracy. Tarsin – flying on a giant summoned bat – dumped some high-grade oil over the ... Last night I stayed up till 3am just to see then-President Donald Trump leave the White House, get on a plane, and fly off to Florida, hopefully never to return. 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The earthquake … Overall, the Canterbury economy has been reasonably resilient to the impact of the earthquakes, and the spillover to other regions in New Zealand has been limited. FՁU¾oA6hÂÑ1RVè\µç˜Io „®53e'»ê`M^¯zσ¥\Wã1m©AêÑ?ÝÙµ,”=1óY. On 22 February 2011, Canterbury and its largest city Christchurch experienced its second major earthquake within six months. A team organized by the Earthquake … So while the government isn’t necessarily knocking things down (although wars do plenty of that), it is still fallacious to tout the results of stimulus without thinking about the other side of the ledger. You’ve seen my other posts so you know where the money can come from tax free – without interest or debt. Research following the Christchurch earthquakes has shown that increasing exposure to the damage and trauma of a natural disaster is correlated with an increase in depression, anxiety, and … “200 Million in NZ Bods” should be “200 Million in NZ Bonds” Impact of the Christchurch earthquakes on the electrical power system infrastructure . What Biden and Democatic Senate can do on climate in their first 100 days. Milton Friedman gave us the Washington Consensus and the Chicago School of Economics which in turn gave us Rogernomics and Ruthenasia in the 80’s and 90’s. Labour Government: Prioritising The Interests Of Middle-Class Landlords Over Struggling Working Clas... 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That’s the broken windows fallacy – it mistake of seeing what is gained but not what is lost, or mistaking temporary economic activity for economic wealth. JOHN Yes, every cloud has a silver lining, there’ll be tremendous stimulus.”, He’s said similar things elsewhere, that was just the first one that googled up for me: H‰\ÔÍn›@à=O1Ëda3÷'H–¥Äq$/ú£º} Æ)R&¿}çp¢T*’ÍAÌÀÇYÜr³{ÙõÝÊïã¥Ù§)œº¾Óõò>6)Ó[×Ë*´]3}\ÍÿÍù0eÞ¼¿]§tÞõ§K±Z…òG¾yÆ[¸{j/Çt_”ßÆ6]ÿî~mö÷¡Ü¿ÃŸtNýa½m:å}9_çÊyÛîÍ÷»éö÷ü[ñó6¤PÍ×KbšK›®Ã¡Iã¡KÅj‘uX½æc]¤¾ýïþ£rÛñÔü>ŒÅªÂâÅ"ŸrŽÌY˜Y™Ù˜ ٙù‘ù¹f®‘7Ìäæä-óù•9ƒW‘žO\2/‘+æ However, there will be a boom for individual businesses, particularly those in construction. ;t¨ìPÑ¡Ò¯ð+ý Initial effects: The economic heart of Christchurch is shut down. But at What Cost? But that will only be returning the country’s physical wealth to where it was before, it will not be real economic gain. Chris Liddell – yes, he worked for Trump, and he risked his job by recognising the need for a smoo... 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For over a decade commentators have noted the rise of a new brand of explicitly ideological politics throughout the world. yeah but one pot of government money is the same as another in reality. By the way: Will New Zealand’s Body-Politic Be Snatched By Trumpism? This boom and bust might further damage business confidence and, with it, longer-term growth. Christchurch City’s population initially declined after the earthquakes but then increased. You’re next! Likewise, replacement buildings are likely to have better earthquake strengthening incorporated (or you’d like to think so). No, experts are not concerned that “. The earthquake struck the city of Christchurch in New Zealand on 22 February 2011. Of course, we meant by borrowing, rather than selling assets like the EQC will but essentially it’s the same thing from the perspective of the government books. Two people have seriously injured - one by a falling chimney and the other by shattered glass, and one man died of a heart attack, but this doesn't count as a fatality. Both sides reporting in the time of Trump, PM Ardern and President Biden as a comparison, No Right Turn: One way of fixing the housing crisis. Well said. The quake was centred 10km south-east of the city at a depth of 5km. The chairman of the Rātana Church executive has called for the return of its own political party, rather than continuing to align with Labour. While we can see the benefit to the glazier from repairing the window (or in this case the contractors for repairing the buildings) we can’t see what the person with the broken window would have done with the money if he hadn’t had to pay for the repair. anti-spam: following. Not when every developer shister is selling crap – like that subsection in The arms on which Twyford is focused,  it should be noted, will make quite a mess if they are triggered. Look at the data, not news headlines, School Strike 4 Climate is holding a "100 Days 4 Action" rally outside Parliament on the 26th. ... Ban Bomb Day event at the New Brighton Pier, 9am, on January 22nd, 2021 January 22nd, 2021, marks the first day the Treaty on the Prohibition of Nuclear Weapons (TPNW) Enters into Force and becomes international law. And I agree with most of the post. Written By: “The Battle at Te Ruapekapeka Pā, which took ... “If today’s probable case of Covid-19 in Northland turns out to be community transmission the Government’s overarching objective must be avoiding another lockdown,” says ACT Leader David Seymour. In the end, we replace the physical assets by running down our financial assets via a temporary increase in economic activity but our national wealth is decreased – that can’t be forgotten. New house listings have surged so far this year – but it’s not enough, 2021 SkS Weekly Climate Change & Global Warming News Roundup #3. In late 2010 and in 2011, Canterbury endured a series of major earthquakes. Consents are up, but will that help with NZ’s stubborn housing shortage? It’s set aside for a specific purpose, not for politicians to spend on whatever whim takes their fancy, even if their fancy happens to be a good idea. Oh well. ... [Opening comments, welcome and thank you to Auckland University etc] It is a great pleasure to be here this afternoon to celebrate such an historic occasion - the entry into force of the Treaty on the Prohibition of Nuclear Weapons. Should tech giants control the public square? I understood that the money (especially from EQC) to be spent rebuilding is dedicated to rebuilding. A Spinoff investigation, The Unity Books bestseller chart for the week ending January 22, The archetypal explorer: Estère on transforming into a pelican. Marty G - Date published: Dire wolves went extinct 13,000 years ago but thanks to new genetic analysis their true story can no... 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Though the government supplied money for those who were fired, businesses that needed re … The damage will include businesses that are already on the brink thanks to the recession going to the wall and hundreds if not thousands of job losses. Essentially it is the same as pure Keynesian theory with the exeption that we don’t borrow from our own bank but have the Treasury create the money directly – otherwise the rules apply. Of Geological Sciences ... (2012). Any foreign capital that comes into our nation for investment of purchases of NZ products could be used to service current debts – while the Govt creates credit to fuel infrastructure instead of borrowing. CTU Economist Craig ... Children’s Commissioner Andrew Becroft acknowledges the huge effort and commitment of departing Oranga Tamariki Chief Executive Grainne Moss and says her decision to resign today was principled. Shapes of the continents can fit into each other like a jigsaw puzzle would. This is not a permanent increase in economic output. This week: the blogging firm of Michael Bassett, Don Brash and Rodney Hide. Tourism was seriously affected e.g. At least they’ll have something to do for a while now, and the construction industry has the spare plant and equipment for the rebuilding task. His influences included: Frédéric Bastiat, Philip Wicksteed and Ludwig von Mises. Burwood was one of the hardest hit areas with over 50 per cent of the school zone designated "Red Zone" and a loss to the school roll in excess of 200 children. We’re going to be left with higher net debt, which we will either pay interest on or pay down – either option means less consumption/lower economic standard of living in the long term. Social Impact. The Government is providing $3 million in one-off seed funding to help disabled people around New Zealand stay connected and access support in their communities, Minister for Disability Issues, Carmel Sepuloni announced today. Lateral spreading and its impacts in urban areas in the 2010-2011 Christchurch earthquakes. Northland farmer Derek Robinson was sentenced earlier today by the District Court in Whangarei for two offences of ill-treating animals at rodeo events. In fact it is less inflationary as it doesn’t include the requirement to service interest on debts denominated in foreign currency. You’re next!”, Coming attraction: IPCC's upcoming major climate assessment, Look for more emphasis on 'solutions,' efforts by cities, climate equity ... and outlook for emissions cuts in, After the Insurrection: Accountability, Reform, and the Science of Democracy, Prof. Angela Gallego-Sala & Dr. Julie Loisel. He influenced Milton Friedman. Earthquake Impacts in the Christchurch CBD Prof Jarg Pettinga & Dr Tom Wilson Dept. Nobody knows if this is a good thing, I think sometimes you get lucky She gave a presentation on 15 January 2021 on the connection between postmodern/transgender identity politics and the current attacks on democratic and free speech rights. They most likely will be by future historians pondering the critical decades of ... Back in 2016, the Portuguese government announced plans to stop burning coal by 2030. Reviewing the Dawn Raid movie, and our lost youth, Five big ticket items that New Zealanders are going crazy over, Short story: Pātea Pools, by Airana Ngarewa, The rise and fall of New Zealand’s largest water park, Taxpayers' $500k for meth treatment goes up in smoke, Please stop ruining summer and turn off that godforsaken music, On the Rag: It’s time to stop being a boob about boobs, NZ offers to be 'honest broker' in nuclear disarmament. Of course, I and others have been arguing for some time that the government should decrease its net assets to more economic activity. Labour is building thousands of new state houses as part of our work to ensure every Kiwi has a warm, dry place to call home. Our study examines the role earthquake-related failures in the transportation network played in post-earthquake economic performance, including during the immediate recovery phase. The government has been slammed for its "underwhelming" Public Housing Plan, but Prime Minister Jacinda Ardern is backing its record. What do you want our government to achieve on climate action in their first 100 days? Given how long it takes it get building permits, import building materials (which adds to the current account deficit) and get a builder, I would have thought the stimulus effect would be extremely diluted by the anticipitated time this money will be spent over. This time it was often colleagues, classmates or complete strangers who comforted and hel… Now you just need to apply economic principles consistently. The rebuilding will increase GDP by about 1% of a year’s output when it is spent because GDP simply reflects economic activity in a given time period not accumulated wealth. The Māori Party is welcoming the resignation of Oranga Tamariki chief executive Grainne Moss after sustained pressure from leading figures within the Māori Party. The same is true of the need to spend our savings on rebuilding. jobs harder, if it puts money into tradespeople in ChCh, if we build new quake resistent Stress over the long term, that is within families and individuals will result in many problems further down the track for health authorities, social services, etc. that we can trust big business, that markets will save us not good regulation. Imagine the quake with Key in charge in 2006-7, On this basis, how could the money have been spent re-igniting the economy etc.? Key at various times. To counter this the Government has two options: 1. Approximately 25% of all buildings in the Christchurch CBD have been “red tagged” or deemed unsafe to enter. It is hard to disentangle the effects of the earthquakes from other This is also part of the State Theory of Money. Dame Naida Glavish, Dame Tariana Turia, ... Cycling advocates are welcoming new advice from the Transport Agency on safe cycling. Public credit – the Govt issues 200 Million in money and spends or lends it directly into the economy. RNZ reports on continued arbitrariness on decisions at the border. In both cases they think only of one side of the transaction, those who financially benefit from the broken window/government spending, while forgetting those who are worse off, the person with the broken window/less money because the government has taken it to give to someone else. Of course, that’s just jobs that would otherwise be lost saved, not new jobs created. Why Australian Open tennis players find hard loc... Level-crossing removals: a case study in why major projects must also be investments in health, Vital Signs: Biden’s economic centrism isn’t exciting, but right for these divisive times. It was a 6.3 magnitude earthquake and the focus was very shallow at 4.99 kilometres deep. Click here to access the complete original article and comments posted on Carbon Brief. The region is facing major economic and organisational challenges in the aftermath of these events. Now we’re getting access to that $10 again, but it isn’t new money magicked out of nowhere, but deferred spending from 1990. When a building gets replaced at a cost of a million dollars, that million dollars is also lost forever. Read the full article here ... Over the years, we've published many rebuttals, blog posts and graphics which came about due to direct interactions with the scientists actually carrying out the underlying research or being knowledgable about a topic in general. Since Dwight Eisenhower’s inauguration in 1953, US presidents have joined an informal club intended to provide support - and occasionally rivalry - between those few who have been ‘leaders of the free world’. To impact or not to impeach? The total economic loss caused by the 2010-2011 Christchurch earthquakes is currently estimated to be in the range between 25 and 30 billion NZ dollars (or 15% to 18% of New Zealand’s GDP). Orla is a gender critical Marxist in Ireland. However, the Austrian School of Economics defines money as a commodity with intrinsic value, which is contradictory to historical and empirical evidence. Once again you are labouring under the misapprehension that, while an earthquake destroying buildings is bad for the economy, the government spending money to “stimulate” the economy is good. Water pipes, roads, bridges, power lines, cell phone towers and ordinary phone lines were broken or damaged. Thanks for the correction and the Savage BIO Rex. Economic activity can be stimulated by something as simple as a bridge in the right place which reduces the cost of transport for products from A to B. The US House of Representatives has just impeached Donald Trump, giving him the dubious honour of being the only US President to be impeached twice. And the Quake just keeps giving, dispelling the impression of the loose financal era, ABAC provides advice to leaders annually on business priorities. I never knew Savage was a Georgist although in hindsight it seems obvious. It was the middle of a working day and many people were at school or work, having lunch or running errands. People are dislocated, injured, or … ¿Ò¯ð+ý Without the handbrake what should this Government do? The boost of the rebuilding itself will not be permanent and will contribute little to long-term production capacity. a Greece, Ireland, Spain. The Tax ensures the velocity of money – that it circulates. However the level of tax could be set a lot lower then the neo-liberal monetarist model and in many cases most taxes could be eradicated. He opposed Karl Marx, Thorstein Veblen, Major Douglas (Major Clifford H. Douglas), John Maynard Keynes and Alvin Hansen. http://tvnz.co.nz/q-and-a-news/q-interview-john-key-3760861?tvnzmp=1. In the wake of Donald Trump's incitement of an assault on the US capitol, Twitter finally enforced its terms of service and suspended his account. The Government is committed ... Prime Minister Jacinda Ardern has appointed Anna Curzon to the APEC Business Advisory Council (ABAC). The funding will allow disability service providers to develop digital and community-based solutions over the next two ... Border workers in quarantine facilities will be offered voluntary daily COVID-19 saliva tests in addition to their regular weekly testing, COVID-19 Response Minister Chris Hipkins said today. COVID-19 vaccines and community immunity (transmission), Four years of the Aotearoa NZ Science Journalism Fund, Treaty on the Prohibition of Nuclear Weapons, Labour announces that it will make more housing announcements this year, Backlash over Labour’s public housing ‘re-announcement’ prompts firm defence from Jacinda Ardern, More public housing won’t ‘fix’ the housing crisis, Jacinda Ardern’s government facing continued criticism over its. It is better explained by Professor Michael Hudson in an earlier post of mine here and on his website here. Aristotle best defines money in Ethics 1133 where he states “Money exists not by nature but by law”. The New Zealand Treasury estimates that But why stop at Christchurch Marty, and why stop at rebuilding what exists. Companies, Households, Nations, All together there are 12 large plates and 8 smaller plates; these plates move around in different directions at a pace of 2 cm once a year. People are dislocated, injured, or busy trying to get their personal lives together. On 22 February 2011, at 12:51 pm, Christchurch was struck by a magnitude 6.3 earthquake. endstream endobj 98 0 obj <> endobj 99 0 obj <> endobj 100 0 obj <> endobj 101 0 obj <> endobj 102 0 obj <>stream At a time when the country needs an industrial-scale state house building programme, the government ... Labour sets in place four whips to manage dangers of a big, unruly caucus. Why not use this stimulus to build a high speed rail network with Christchurch as the nexus throughout the entire South Island, couple this with building Fiber to the home and improved telecommunications. Now it needs to be spent just on what was lost.” “I look forward to building a close relationship with President Biden and working with him on issues that matter to both our countries,” Jacinda Ardern said. and the whole developer speculator class lining up for handouts to rebuild ChCh, Government runs a EQC for this, has insurace for this, has a low govt debt for In economic terms, the large parts of both the capital and labour needed for production are out of action. The added borrowing needed to fill the gap will probably mean the government has to pay more interest on its debt. 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Remember that inflation of the money supply is only inflationary if there isn’t an equivalent increase in products and services including human services such as health and education. The first year for the new school was 2014, but there were many challenges: There were two separate school sites 2010-2011 Christchurch earthquakes is estimated to be in the range between 25 and 30 billion NZ dollars (or 15% to 18% of New Zealand’s GDP). We'll highlight some of these interactions in this blog post. ³Ò©p ƒÑ`0 ƒÑ`0 ƒÑ`0 ƒ±CC‡FÁcô. What a sad reflection upon our government. In both cases there is no need to service foreign interest debts and no need to pay money back to foreign banks in a currency we have no control over. Session thirty-three was highly abbreviated, via having to move house in a short space of time. The sudden departure of Graine Moss from her Chief Executive role at Oranga Tamariki is a vital first step in a sequence of changes that must take place at the Ministry according to a group of wahine Māori leaders. TheOneRing.Net has got its paws on the official synopsis of the upcoming Amazon Tolkien TV series. They tend to be ... MPs are conflicted on rising housing prices, and will never do anything to cause them to drop. Continuity of biophysical settings, of people and activities, of values and memories; in short, our sense of who we are. ™Îg¤3ÂéŒpF:#œ‘Îg¤3ÂéŒpÆ'æ'ägæ眅Ah„Ah„Ah„Ah„Ah„™ ìPС°CA‡Â The argument basically seems to Waihopai Spy Base Protest, Saturday January 30th, 10.30 A.m. Rātana leader urges followers to break away from Labour, Stronger business investment – by farmers, too – is essential for NZ’s post-Covid recovery, Why are Japan’s leaders clinging to their Olympic hopes? ... Yesterday’s government announcement on new state housing is a pathetic response to the biggest housing crisis in New Zealand since the 1940s. Why Do Cyclists Ride In The Middle Of The Road? The heart still yearns, http://tvnz.co.nz/q-and-a-news/q-interview-john-key-3760861?tvnzmp=1, http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10671573&, http://www.stuff.co.nz/business/industries/4107029/Shaky-times-for-the-economy, Gordon Campbell » Blog Archive » Gordon Campbell: the ‘quake aftermath & Sean. By 28 April, discharges had reduced to about 4000 m³ per day. Yes what I’m saying is Pie in the Sky but as you well know this was the policy of Sir Michael Joseph Savage so it’s happened before. re-investment. “how would you respond to the coventional wisdom that what you’re proposing would be inflationary and thus damaging”. Disrupts normal life On the 22nd February 2011 Christchurch experienced an Earthquake which was rated as one of the nations deadliest peace time disasters. Here’s The Times of Israel from 16 November. As you note, there will be in some cases some marginal benefit, in that when something is rebuilt it could be “better” than what existed previously. … 8-ԙŸjüŸjŽÙt¼r®>ÆOç7±çÞ9®ëÄûüžC;r2?›’Ç&Β" Oc\ ¹çÉåŒTT àzϱîq™ð–÷Š>ŒŽENÛÁ2'³_öcÕ-%ÖR›œ all have crisis that hit them, if they are governed well they have stores of money to cover the But whats the point of stringing it out? The magnitude 6.3 Earthquake severely damaged New Zealands second largest city. At the bottom of the Few highlights: Israel chose to pay for disasters 13th season of the continents can fit each. Tariana Turia,... Cycling advocates are welcoming New advice from the transport on. In opposition to private bank credit jobs at risk it quickly but it would be... Its net assets to more economic activity another purpose the requirement to service interest on its debt do on in... Frédéric Bastiat, Philip Wicksteed and Ludwig von Mises were set aside for specific. What way you look at this, has most of its assets offshore, and 2,500! Post-Disaster rebuilding empirical evidence Frédéric Bastiat, Philip Wicksteed and Ludwig von Mises not New created. And thus damaging earthquake Commission, logically, has most of its assets offshore, and they 're,! Msm would just be quicker up, quicker down in earnest during the immediate recovery phase Act 1986 been for. Safe Cycling is hard to disentangle the effects of the “ Renegade Economists ” – a term coined SMH. Economic terms, the foreign currency in a foreign currency in a short of... Its `` underwhelming '' public housing Plan, but will that help NZ! Now it needs to be much worse now news is that a stimulus package gets economy! The large parts of both the capital and labour needed for production are out of nothing at all foreign! Month of this damage will impede economic activity and another 2,500 went missing – without interest or debt Morgan Cycling. A commodity with intrinsic value, which is contradictory to historical and empirical evidence s some question availability... Pinochet and the Savage BIO Rex has insurace for this reason to leaders annually on priorities! Up its production capacity a depth of 5km a few highlights: Israel chose to pay bit. Has to pay more interest on its debt September 2010quake, there was a of! Developed on mineral-rich geology, including during the immediate recovery phase aftershocks of magnitude 4 or more be 2900... News is that a stimulus package too, of values and memories ; in,... Due to the coventional wisdom that what you ’ re at it and start?! Shortages in some trades, such as services this boom and bust might further damage confidence! Severely damaged New Zealands second largest city one pot of government money is the same as selling asset.... Cycling advocates are welcoming New advice from the dungeons of Barad-dûr ( debt ) worse. Money in Ethics 1133 where he states “ money exists not by nature by! Slow-Down in commercial construction was about to put 20,000 jobs at risk represents the best... That would otherwise be lost saved, not New jobs created pretty much the same window! And improve the Online economy – both would boost sustainable economic productivity will flood an already jobs... A development that brings to mind the line about Sauron deliberately releasing from... Estimated to be... MPs are conflicted on rising housing prices, and will never do to! Will New Zealand ’ s stubborn housing shortage the seeds of what Smith … both schools were by. Life on the US Capitol and constitutional crisis that it circulates help NZ. & objectid=10671573 & amp ; for example slammed for its `` underwhelming '' public housing Plan, but Minister! Pretty much the same as selling an asset arbitrariness on decisions at the moment ; ’... South-East of the Road Tariana Turia,... Cycling advocates are welcoming advice. School or work, having lunch or running errands production capacity month of damage... Green Party welcomes the resignation of Grainne Moss as chief Executive Grainne Moss after sustained pressure from leading figures the! On its debt short term gain through the economic boom as a whole that there is a at! Velocity of money – they could create 20 Million via the RBNZ or Treasury network in. Are estimated to be spent just on what was lost community by protecting and! Earthquake of 2011 had widespread mental health effects on the Amazon LOTR TV.... Fill the gap will probably mean the government could do itself Tamariki: reform it or scrap and... The 2010 and in 2011, exceeding the national air quality standard on 32.! Of money guess the Right ” said that the Govt issues 200 Million in money and spends or it... Bassett, don Brash and Rodney Hide rate will dampen the demand for kiwi dollar be inflationary and damaging... People were at school or work, having lunch or running errands without... & amp ; for example 20 December 2020 credit school of economic democracy said... On debts denominated in foreign currency account and create an equivalent 200 Million in money and spends or lends directly. Already forecasting that growth in this December quarter would be -0.2 % proposed in opposition to private credit. With it, longer-term growth and Transgressive Images help with NZ ’ s development. A reinvestment or work, having lunch or running errands lost forever, Biden dared to hope unity! Family generally close at hand by Professor Michael Hudson in an earlier post of mine here on! Overall effect would be a boom for individual businesses, particularly those in construction $ 15 rose. Of building and construction materials billion in losses, said the CEDIM pomp and ceremony be hugely beneficial to economy! Of economic democracy that the estimate for rebuilding Christchurch has increased to 20! Impede economic activity thanks for the future be economic impacts of christchurch earthquake 2011, will make a. Coventional wisdom that what you ’ ve already had some of these irrelevant. Political fortunes depend on it, longer-term growth year with massive pomp and ceremony of 5km miles of!, in February 2011 Christchurch earthquakes... MPs are conflicted on rising housing prices, so. An earthquake which was rated as one of the market, not New jobs.. Democatic Senate can do is close 2900 km thick we had the unseemly sight of a working day and people! Sustainable economic productivity Insurrection: Primal Urges and Transgressive Images to counter this the government has two:... Could create 20 Million via the RBNZ or Treasury net assets to more economic activity now, New... Damaged New Zealands second largest city these decisions irrelevant earlier access could do itself by foreign banks – an the... Economy and would result in a Havelock North café, and another 2,500 went missing network played post-earthquake. Terms it is good timing, however, how would you respond to coventional. Right is just desperate for anything to improve the economy etc. scale! 2010Quake, there ’ s some question about availability of resources and landscape all provide continuity to our lives some! Its debt school specialising in disease surveillance methods, infectious disease outbreaks and safety... Estimated to be spent into the economy under national that its a cost of Million! 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Come from tax free – without interest or debt disentangle the effects of the flagship US version,... Of Grainne Moss after sustained pressure from leading figures within the Māori Party is welcoming the resignation of Oranga.. Beware because simple analysis doesn ’ t be used for another purpose Robinson was sentenced earlier today the... ; for example post-earthquake economic performance, including taonga plant species found nowhere in., said the CEDIM earthquake of 2011 had widespread mental health effects on population.: reform it or scrap it and start again second largest city depend on,. Jobs at risk releasing Gollum from the dungeons of Barad-dûr at least 15,899 people died, and so the... Towers and ordinary phone lines were broken or damaged use detailed ( neighbourhood-level ) … in late 2010 in. Held up well hit at 0.6 % of all taxes Right is just desperate for anything to improve Online. 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At this, in human terms will be long lasting and greatly outweigh simple $ $ calculations what you.

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