The magnitude 6.3 Earthquake severely damaged New Zealands second largest city. It sounds like a conveyancing firm in Levin. Joe Biden inauguration: The pendulum has swung, but how far? Watching today’s inauguration of Joe Biden as the United States’ 46th president, there’s not a lot in common with the inauguration of Donald Trump just four destructive years ago. This call comes after the Commerce Commission issued a ‘stop now’ notice ... British High Commissioner to New Zealand Laura Clarke is calling on young women aged 17 to 25 to apply for the annual ‘Be British High Commissioner for the Day’ competition. On this basis, how could the money have been spent re-igniting the economy etc.? Lateral spreading and its impacts in urban areas in the 2010-2011 Christchurch earthquakes. Both schools were affected by the 2010 and 2011 Christchurch earthquakes. “Our top priority continues ... Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. endstream endobj 98 0 obj <> endobj 99 0 obj <> endobj 100 0 obj <> endobj 101 0 obj <> endobj 102 0 obj <>stream Keynesian – the Government issues 200 Million in NZ Bonds -> The RBNZ creates 200 Million out of nothing to Buy the NZ Bonds -> The Govt spends or lends the money into the economy -> NZ Govt taxes NZr’s to service the interest on the debt to ourselves. New house listings have surged so far this year – but it’s not enough, 2021 SkS Weekly Climate Change & Global Warming News Roundup #3. It is good timing, however, in one sense. We’re going to need those ourselves for the foreseeable future (It’s going to take years to get Christchurch back to the same level that it was). Racing 2-year-old horses is lucrative, but is it worth the risks? “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. Water pipes, roads, bridges, power lines, cell phone towers and ordinary phone lines were broken or damaged. He is a Professor at Harvard Medical School specialising in disease surveillance methods, infectious disease outbreaks and vaccine safety. Why Do Cyclists Ride In The Middle Of The Road? It’s a development that brings to mind the line about Sauron deliberately releasing Gollum from the dungeons of Barad-dûr. Considering these points it makes it difficult to take seriously the economic theory of somebody who is unable to correctly define money and who’s economic theories influenced the architect of Washington Consus neo-liberal monetarist policy – the fruits of which are evident in the current Global Financial Crises. The earthquake near Christchurch, New Zealand, in February 2011 caused $20 billion in losses, said the CEDIM. Companies, Households, Nations, Dropping a million dollar bomb doesn’t result in a million dollars worth of production, it results in a million dollars with of destruction, and that million dollars has gone for good. 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. We’ve already had some of the pain. But why stop at Christchurch Marty, and why stop at rebuilding what exists. People are dislocated, injured, or busy trying to get their personal lives together. And I agree with most of the post. The commemoration of the 175th anniversary of the Battle of Ruapekapeka represents an opportunity for all New Zealanders to reflect on the role these conflicts have had in creating our modern nation, says Associate Minister for Arts, Culture and Heritage Kiri Allan. to make a measurable difference, you would have to spend it quickly but it would just be quicker up, quicker down. ... A growing public housing waiting list and continued increase of house prices must be urgently addressed by Government, Green Party Co-leader Marama Davidson said today. This discussion is from a Twitter thread by Martin Kulldorff on 20 December 2020. We’ve met to discuss Archetypes. , we covered some of the basic things you need to know about investing – why do it? “The issues facing Oranga Tamariki are beyond individual ... Editor’s Note: Here below is a list of the main issues currently under discussion in New Zealand and links to media coverage. The Christchurch earthquake of 2011 had widespread mental health effects on the population. This may lead to possible labour or skills shortages in some trades, such as services. But the idea is that a stimulus package gets the economy revved up again and builds up its production capacity. 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. Members are asking for increased sick and bereavement leave, a collective agreement, and more guaranteed ... It’s great to hear Phil Twyford celebrating a success. Their political fortunes depend on it, 4 of our greatest achievements in vaccine science (that led to COVID vaccines). The earthquake struck the city of Christchurch in New Zealand on 22 February 2011. international guest nights were down 32% in the Canterbury region in September 2011. A small number may have short term gain through the economic boom as a consequence of repairs. To do this they park the foreign currency in a foreign currency account and create an equivalent 200 Million NZD out of nothing. Assuming Key still counts as “the Right”: “PAUL Yes exactly, and I suppose people will be hoping they get full compensation, but that will all have to be worked out. As had happened after the 4 September 2010quake, there was a lot of liquefaction. 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. So, breaking news is that the estimate for rebuilding Christchurch has increased to $4b. The extra 8,000 homes – 6000 public ... Prime Minister Jacinda Ardern has congratulated President Joe Biden on his inauguration as the 46th President of the United States of America. America: The Empire Strikes Back (at itself)   Further to my comments in the first part of 2020: The History That Was, the following should be considered regarding the current state of the US. ™Îg¤3ÂéŒpF:#œ‘Îg¤3ÂéŒpÆ'æ'ägæ眅Ah„Ah„Ah„Ah„Ah„™ ìPС°CA‡Â Earthquake Impacts in the Christchurch CBD Prof Jarg Pettinga & Dr Tom Wilson Dept. Written By: Make the infrastructure green while you’re at it and you reduce the environmental impact. Nothing more from me today - I'm off to Wellington, to participate in the city's annual roleplaying convention (which has also eaten my time for the whole week, limiting blogging despite there being interesting things happening). Of course, that’s just jobs that would otherwise be lost saved, not new jobs created. “These special plant ... To further protect New Zealand from COVID-19, the Government is extending pre-departure testing to all passengers to New Zealand except from Australia, Antarctica and most Pacific Islands, COVID-19 Response Minister Chris Hipkins said today. A team organized by the Earthquake … The 200Million in Foreign Currency was created out of nothing at all by foreign banks – an exercise the Government could do itself. Where Trump warned of carnage, Biden dared to hope for unity and decency. A sustainable economy requires a working ChCh. The rebuilding of Christchurch will not be like that it’s not going to create sustainable economic momentum or add greatly to the productive capacity of Christchurch. anti-spam: following. The estimated $15 billion rose to $20 billion. About $2 billion worth of damage has been done, much of this damage will impede economic activity. The Māori Party is welcoming the resignation of Oranga Tamariki chief executive Grainne Moss after sustained pressure from leading figures within the Māori Party. ChCh built on SAND! 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. Environmental, economic and social impacts affecting Christchurch. It could have be so much worse. I disagree. The plates themselves are estimated to be around 2900 km thick. 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. The Earthquake Commission, logically, has most of its assets offshore, and so do the insurance companies. . His influences included: Frédéric Bastiat, Philip Wicksteed and Ludwig von Mises. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10671573& for example. The New Zealand Treasury estimates that Yesterday we had the unseemly sight of a landleech. “Following confirmation of the Cook Islands’ COVID ... Jobs for Nature funding is being made available to conservation groups and landowners to employ staff and contractors in a move aimed at boosting local biodiversity-focused projects, Conservation Minister Kiritapu Allan has announced. This is not a permanent increase in economic output. It is hard to disentangle the effects of the earthquakes from other Overall, the effect is that we haven’t seen a sharp fall in the currency, which would have been a boon for exporters, that you might expect from a disaster like this. Of Geological Sciences ... (2012). 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. New Zealand Journal of Geology and Geophysics. I guess the Right is just desperate for anything to improve the economy under National. On 22 February 2011, Canterbury and its largest city Christchurch experienced its second major earthquake within six months. Offsetting this, possibly, is that it just became much less likely the Reserve Bank will increase interest rates again, which should dampen demand for the dollar. Hey Rex, 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: At the same time there’s some question about availability of resources. Rather then sell 200 Million – since they obviously need the money – they could create 20 Million via the RBNZ or Treasury. Well said. Guest post: How to ‘fairly’ share emissions from goods traded around the world, Click here to access the original article and comments, How good is the AstraZeneca vaccine looking? The only problem we have is creating the necessary funds and putting the money to use fueling the labour necessary to produce the necessary infrastructure.   It was the fifth most powerful earthquake ever recorded, and within 30 minutes, a 133-foot high tsunami pummeled Japan's northeastern shoreline. Despite the somewhat dark subject matter, Estère Dalton’s eyes sparkle with fascination. Thoughts on the Amazon LOTR TV Series Synopsis, the best thing this foreign polluter can do is close. But the one place they converge is that ... Getting to Browser Tab Zero so I can reboot the computer is awfully hard when the one open tab is a Table of Contents for the Journal of Environmental Economics and Management, and every issue has more stuff I want to read. http://tvnz.co.nz/q-and-a-news/q-interview-john-key-3760861?tvnzmp=1. 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. No, experts are not concerned that “. In the first month of this year, there’s been more RuPaul’s Drag Race than ever. Without  support  from the  Ardern  government  and    vilified  in the  media as  somehow being  involved in the  encouragement  by  Donald Trump of the  Washington riots, he  plainly saw he had  little  chance of  crowning  his  stellar  career  ... People from all around New Zealand will be converging on the super-secret Waihopai satellite interception spybase, in Marlborough, on Saturday January 30th. 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 saved for the purpose! 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. 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. The difference is that, without the earthquake, we could have spent that money on re-igniting the economy and making a wealthier country for the future. “The best news would be that this is a false alarm, ... E tū Lifewise homecare members have been taking strike and picket action since December 2020 for basic improvements in their working conditions. Paul Henry on Monday. The stimulus effect is a lost cause – yes firms and contractors are going to get big injections of Govt and insurance money – but they are probably going to direct it to paying off debt (household and company) and saving reserves for (the next) rainy/shaky day. Chris Bishop goes woof woof on variant ‘B.1.1.7’, Plan B activists still think NZ should be like Sweden, 2021 SkS Weekly Climate Change & Global Warming News Roundup #4, Twelve Forgotten Principles of Public Health, Analysis: The climate papers most featured in the media in 2020. “New Zealand ... A major investment to tackle wilding pines in Mt Richmond will create jobs and help protect the area’s unique ecosystems, Biosecurity Minister Damien O’Connor says. 2. Because an increase in interest rate will lift up the return for every dollar overseas investors invest in New Zealand relative to other countries’ interest rates, therefore the demand for kiwi dollar should have increased rather than decreased. They tend to be ... MPs are conflicted on rising housing prices, and will never do anything to cause them to drop. Key at various times. What Biden and Democatic Senate can do on climate in their first 100 days. 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 cold supply chain can’t reach everywhere – that’s a big problem for equitable COVID-19 vac... health inequities and promote social justice. “The difference is that, without the earthquake, we could have spent that money on re-igniting the economy and making a wealthier country for the future. Liquefaction happens when underground water in the soil comes to the surfac… ... Yesterday’s government announcement on new state housing is a pathetic response to the biggest housing crisis in New Zealand since the 1940s. buildings, and stop new subsections on sand (like on that beach subsection in the Coromandal, Did everyone spontaneously applaud Amanda Palmer in a Havelock North café? Hazlitt opposed Major Douglas – Major Clifford H. Douglas the founder of the Social Credit school of economic democracy. The September quake had occurred in the early hours of the morning with family generally close at hand. 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. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. This was partly attributed to an increase in airborne silt and dust from liquefaction deposits, as well as dust caused by earthworks and demolition (e.g.,,,). The brutal truth: There are votes to be won in a broken housing market, Exit Of Moss Vital First Step In The Sequence Of Transformation, The Friday Poem: Her uncle’s eye by Jenny Powell. People needing elective surgery are unable to get it. Northland farmer Derek Robinson was sentenced earlier today by the District Court in Whangarei for two offences of ill-treating animals at rodeo events. Photograph: David Wethey/EPA. “they could create 20 Million” should be “they could create 200 Million”, Just wanted to thank you for the explanation nzfp… I’m busy absorbing it…. And when I woke up this morning, America was different. I spose when you look at the next few months in Canterbury and particularly in Christchurch there are employment opportunities too? About $2 billion worth of damage has been done, much of this damage will impede economic activity. These were the seeds of what Smith … Disrupts normal life On the 22nd February 2011 Christchurch experienced an Earthquake which was rated as one of the nations deadliest peace time disasters. There’s been some frankly bizarre talk about the earthquake being an economic boon for the country. But one thing I would like to ask how does an increase in interest rate will dampen the demand for kiwi dollar? While the world burns in a searing fireball of unpredictability, we can take comfort in the fact that some things never change. The quake was centred 10km south-east of the city at a depth of 5km. The Government has released its Public Housing Plan 2021-2024 which outlines the intention of where 8,000 additional public and transitional housing places announced in Budget 2020, will go. That’s likely to be much worse now. While employment and population trends are a particular concern for the region, business and consumer confidence and retail sales improved in late 2011, … ³Ò¬0+Í We use detailed (neighbourhood-level) … Goods exports and manufacturing activity appear to have held up well. The Mob Rules Society: Reckoning between an Idea versus the Reality of America as chickens came home... 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It was the middle of a working day and many people were at school or work, having lunch or running errands. quake resistent upgrades without any loss of life. 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. ¿Ò¯ð+ý You’ve seen my other posts so you know where the money can come from tax free – without interest or debt. In September 2010, Christchurch was shaken by the magnitude 7.1 Darfield earthquake, caused by movement along faults west of the city on the Canterbury Plains. 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. The earthquake … The Christchurch series of earthquakes is more complex than (say) a hurricane in that there is n inherenta threat in the continuing aftershocks that can last for many months, exposing people to recurrent acute stress, while at the same time chronic stress is imposed by the -going human, economic on and social costs. 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. In 12 months time the recession may be a distant memory and all you will end up doing is stoking inflation, higher interest rates and government debt. On 22 February 2011, at 12:51 pm, Christchurch was struck by a magnitude 6.3 earthquake. Oh well. When a building gets replaced at a cost of a million dollars, that million dollars is also lost forever. Friedman also gave Chile Augusto Pinochet and the Chilean deathsquads and disappeared. People are in shock and are shaken after massive 7.1 magnitude earthquake hit Christchurch, and the city is still being rocked by aftershocks. But progress has come much quicker, and they're now, Happy New Year! 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. The region is facing major economic and organisational challenges in the aftermath of these events. A Big Science Publisher Is Going Open Access. RNZ reports on continued arbitrariness on decisions at the border. this reason. I’ve missed the bit where “the Right” said that the earthquake would be good for the economy. But whats the point of stringing it out? ... 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. 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. Ultimately, about $2 billion of capital from the government and private insurers will be converted into expenditure to rebuild the capital that was lost.