The recent reduction in the US credit rating signals that market lenders are not happy with the US fiscal arrangements. New Zealand’s lower rating is a warning that we could do better too.
It is the professionalism – competence and integrity – of the doctors, nurses and technicians who provide the care which obscures the managerial failure.
We have it around the wrong way. The issue is not what the arts contribute to market output. It is what market output contributes to the arts – and a lot more besides.
Grant Robertson hopes the promise of no recession and falling inflation is what voters really, really want to hear right now, more than grandiose new policies. But he’s keeps headroom for election promises
The May 4 issue of the London “Economist” headlined that ‘Governments are living in a fiscal fantasyland’. It focussed on the four biggest economies – the US, China, EU and Japan – although many smaller ones would also illustrate its proposition, that each was losing control of its fiscal position with rising government debt.
Much of the Northern Hemisphere thinks we are in the merry month of May. Here it is budget month with much speculation in the lead up to the May 18 announcements and much superficial commentary after, all largely forgotten by June.
Meka Whaitiri’s switch from Labour to Te Pāti Māori raises questions about whose mana is being enhanced - not by the decision itself but how it’s being done. What thought has she given to her public duties as an MP?
We are going into the budget season when economic forecasting becomes especially prominent. There is a huge gap between how professional forecasters think about the exercise and how the commentariat treats forecasts. Here are some insights into the way those forecasters think, even if it is boring compared to what is in the public rhetoric.