Not enough. She does it for the love of it.
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
- Start date
NZWarriors.com
Nah, it's pretty good $$.Not enough. She does it for the love of it.
Nice. They say if you find a job you love you never have to work a day in your life.Not enough. She does it for the love of it.
Reward comes in many forms.
NZWarriors.com
Could argue we also want them educating the next generation of the best and brightest. Otherwise we're only left with the mediocre academics.
Those that can't do, teach.
I have a lot of teachers in my family and they hate that saying. It almost pains me to keep saying it to them
Do you get invited around muchThose that can't do, teach.
I have a lot of teachers in my family and they hate that saying. It almost pains me to keep saying it to them
NZWarriors.com
Of course, they need someone to pay for everything
What's your annual salary and total net worth?Of course, they need someone to pay for everything
Ever killed a man?
I get paid weekly so will have to do some long multiplication to get my annual salary. I don't own a net?
Killed a man? No.
NZWarriors.com
It's been a really interesting time for the Greens. Having to use the legislation they oppossed, regardless of how they justify it, looks really awkward. Also continually asking her to resign to save them doing it.
www.rnz.co.nz
Green Party votes to waka-jump Darleen Tana
The Green Party's membership has voted to kick former MP Darleen Tana out of Parliament.
www.rnz.co.nz
Do you consider yourself among the best and brightest of your peer age group? If so, shouldn't you be doing your sister's job instead of wasting your wisdom generating taxes to pay lesser minds to teach our kids? No wonder kids these days are idiots.
I'm very good at what I do. But there are plenty better and brighter than me in my peer age group.
Who said she is a lesser mind? I can make fun of my sister. But let's be clear, you start on my family and we going to have a problem here
NZWarriors.com
No families bro, I wouldn't go that low. I was just trying to argue the opposite of Wiz's philosophical position that our best minds should be in the private sector, but I haven't really got the brain power to pull it off.I'm very good at what I do. But there are plenty better and brighter than me in my peer age group.
Who said she is a lesser mind? I can make fun of my sister. But let's be clear, you start on my family and we going to have a problem here
You may have been taught by my mum then.
If education is the key to increasing productivity and wages it would make more sense for at least some of the best minds to be teaching, wouldn't it?
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Was she the one who smelled of wine and cigarettes and hated kids? Oh wait that was nearly all of them.
NZWarriors.com
I was going to say, you need to narrow it down more!
- Thread starter
- #12,017
Not at all. They complement each other and there is nothing wrong with the public sector. But name a country where their wealth and standard of living is driven by the public sector?
I mean imagine if someone like Trump was a teacher instead of… nah maybe not the best example.
it almost makes them look weak
NZWarriors.com
I posted before about banks not fully passing on the OCR rate cuts in their mortgage interest rate reductions. It seems I'm not the only one who thinks they aren't...
Borrowers and savers alike are wondering how best to fix their positions.
Are the cuts being passed through? And why does it always seem like deposit rates fall further and more quickly than mortgage rates?
The economic landscape has changed dramatically in a few short months.
Inflation has subsided and there are signs of renewed confidence about the year ahead in business and consumer surveys.
But economic growth is missing in action. Business failures are still on the rise and unemployment is expected to continue climbing until at least the middle of next year.
The OCR cuts are expected to keep coming. Markets have a 50-basis-point cut priced in for November and talk has turned to the odds that we’ll see the Reserve Bank (RBNZ) cut by 75 basis points.
Economists are looking ahead to where the OCR will land. There is a spread of picks from 3.5% to as low as 2.25%.
How quickly and competitively our big commercial banks can pass through lower interest rates to borrowers will have a large bearing on New Zealand’s economic turnaround story in the coming months.
The Herald’s Wellington business editor Jenée Tibshraeny has recently written on the issue.
She cites banking experts, like former RBNZ deputy governor Grant Spencer and Massey University associate professor Claire Matthews, who argue that changes of direction in monetary policy can create opportunities for banks to line their pockets.
With the OCR on the way down, there is potential for banks to receive relatively more interest from borrowers than they pay savers.
She notes that – according to the latest available RBNZ data – this started happening in August when the first OCR cut in this easing cycle was made.
The average interest rate banks collectively received on the stock of all the home loans they had on issue continued to rise during the month to 6.37%.
However, the average interest rate banks paid for all their deposits fell to 4.34% – 3.66% for call accounts and 5.84% for term deposits.
We’ve seen plenty of marketing moves and attempts to grab media headlines from banks with carefully timed and targeted cuts to mortgage rates.
But cuts to deposit rates tend to fly under the radar.
There’s a lot going on in the market right now and that means greater scrutiny is required.
The Reserve Bank produces detailed data in time and hasn’t been afraid to deliver the retail banks a verbal volley at times.
But it is also an issue for the Commerce Commission – to ensure the market is truly competitive and consumers are well served.
In time, rates will settle at lower levels.
With higher wholesale rates, it can be easier for banks to find an extra basis point or two to bolster lending returns.
Bank average net interest margins rose to 2.35% in the June quarter. In the June quarter of last year, that hit 2.38% – the highest level in 17 years.
As rates settle at lower levels we should expect to see bank margins fall. But that doesn’t mean profits need to. In fact, if things go well and we see an economic rebound then banks should do well as investment activity – in both business and the housing market – starts to pick up.
That could be a win-win.
www.nzherald.co.nz
Editorial: Passing through the cuts? Time to keep a close eye on bank rates
As the Reserve Bank takes the axe to the Official Cash Rate (OCR), all eyes are turning to commercial bank rates.Borrowers and savers alike are wondering how best to fix their positions.
Are the cuts being passed through? And why does it always seem like deposit rates fall further and more quickly than mortgage rates?
The economic landscape has changed dramatically in a few short months.
Inflation has subsided and there are signs of renewed confidence about the year ahead in business and consumer surveys.
But economic growth is missing in action. Business failures are still on the rise and unemployment is expected to continue climbing until at least the middle of next year.
The OCR cuts are expected to keep coming. Markets have a 50-basis-point cut priced in for November and talk has turned to the odds that we’ll see the Reserve Bank (RBNZ) cut by 75 basis points.
Economists are looking ahead to where the OCR will land. There is a spread of picks from 3.5% to as low as 2.25%.
How quickly and competitively our big commercial banks can pass through lower interest rates to borrowers will have a large bearing on New Zealand’s economic turnaround story in the coming months.
The Herald’s Wellington business editor Jenée Tibshraeny has recently written on the issue.
She cites banking experts, like former RBNZ deputy governor Grant Spencer and Massey University associate professor Claire Matthews, who argue that changes of direction in monetary policy can create opportunities for banks to line their pockets.
With the OCR on the way down, there is potential for banks to receive relatively more interest from borrowers than they pay savers.
She notes that – according to the latest available RBNZ data – this started happening in August when the first OCR cut in this easing cycle was made.
The average interest rate banks collectively received on the stock of all the home loans they had on issue continued to rise during the month to 6.37%.
However, the average interest rate banks paid for all their deposits fell to 4.34% – 3.66% for call accounts and 5.84% for term deposits.
We’ve seen plenty of marketing moves and attempts to grab media headlines from banks with carefully timed and targeted cuts to mortgage rates.
But cuts to deposit rates tend to fly under the radar.
There’s a lot going on in the market right now and that means greater scrutiny is required.
The Reserve Bank produces detailed data in time and hasn’t been afraid to deliver the retail banks a verbal volley at times.
But it is also an issue for the Commerce Commission – to ensure the market is truly competitive and consumers are well served.
In time, rates will settle at lower levels.
With higher wholesale rates, it can be easier for banks to find an extra basis point or two to bolster lending returns.
Bank average net interest margins rose to 2.35% in the June quarter. In the June quarter of last year, that hit 2.38% – the highest level in 17 years.
As rates settle at lower levels we should expect to see bank margins fall. But that doesn’t mean profits need to. In fact, if things go well and we see an economic rebound then banks should do well as investment activity – in both business and the housing market – starts to pick up.
That could be a win-win.
Editorial: Time to keep a close eye on bank rates
OPINION: Interest rates are falling for borrowers and savers.
Dodged a bullet.... was approached by this guy to do some work but something seemed "off" with him so turned him down. Pleased I did!!!
www.nzherald.co.nz
Auckland builder who evaded $348K in taxes gets home detention
Kahdim Ali pleaded guilty to 35 charges.
