Yes... yes I can.
I agree with Wiz I think we're heading for the UBI eventually, we'll all be part of problem when AI makes nearly everyone obsolete.
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
- Start date
NZWarriors.com
I believe it was me that introduced the Logan’s run concept to the thread, however I’m sure it would have been Frank that came up with how to implement it.
Sort of fancied myself as more of a Snake Plissken sort of guy than Logan
NZWarriors.com
Seems like there was a lot more to the Orr resignation than the public was told.
“I am sorry Adrian lost his cool with you this afternoon. Your question was not surprising and [he] should have been able to give you a more dispassionate answer,” Neil Quigley told the principal Treasury adviser in an email on February 20.
The adviser responded: “Thanks, Neil. I appreciate your email. I also realise this is a difficult process and emotions can run high. We really appreciate your open communication given the difficulties of this scenario.”
Negotiations were under way at the time over the amount of funding the Government would give the Reserve Bank over the next five years.
The Reserve Bank initially pitched for $1 billion over five years. The Government said no. The Reserve Bank board was happy to back down, but Orr wasn’t.
The Reserve Bank said the disagreement between Orr and the board led to his resignation, frantically announced the day before the bank hosted an international conference.
The Treasury released the email after the Herald asked it about an allegation Orr swore and lost his cool in a meeting with Treasury staff and then with Finance Minister Nicola Willis on February 24.
The anonymous source, who made a raft of allegations to former Reserve Bank manager and blogger Michael Reddell, suggested there was an element of Orr being pushed to resign.
If true, this would be a different narrative to that the public has been told.
Quigley and Willis have been tight-lipped about the circumstances around Orr’s resignation, saying it was a “personal decision”.
When the Herald asked the Reserve Bank why it hadn’t released the email exchange between Quigley and the Treasury adviser further to requests made under the Official Information Act, it said its legal obligations were different to those of Treasury.
It also noted the Ombudsman was considering a complaint over the way the Reserve Bank handled information requests around Orr’s departure.
Victoria University law professor Dean Knight said, “Privacy or confidentiality obligations under employment law or exit agreements are not absolute reasons for withholding information.
“They’re a factor against disclosure but not a veto. They must still be weighed against the public interest in disclosure.”
Willis said she only found out about the email Quigley sent the Treasury adviser on Wednesday.
Orr has declined multiple requests for comment.
www.nzherald.co.nz
Reserve Bank chairman Neil Quigley apologised for Adrian Orr losing his cool in the lead-up to his shock resignation
The chairman of the Reserve Bank apologised to a Treasury staff member for Adrian Orr’s behaviour in a meeting two weeks before his sudden resignation as Governor.“I am sorry Adrian lost his cool with you this afternoon. Your question was not surprising and [he] should have been able to give you a more dispassionate answer,” Neil Quigley told the principal Treasury adviser in an email on February 20.
The adviser responded: “Thanks, Neil. I appreciate your email. I also realise this is a difficult process and emotions can run high. We really appreciate your open communication given the difficulties of this scenario.”
Negotiations were under way at the time over the amount of funding the Government would give the Reserve Bank over the next five years.
The Reserve Bank initially pitched for $1 billion over five years. The Government said no. The Reserve Bank board was happy to back down, but Orr wasn’t.
The Reserve Bank said the disagreement between Orr and the board led to his resignation, frantically announced the day before the bank hosted an international conference.
The Treasury released the email after the Herald asked it about an allegation Orr swore and lost his cool in a meeting with Treasury staff and then with Finance Minister Nicola Willis on February 24.
The anonymous source, who made a raft of allegations to former Reserve Bank manager and blogger Michael Reddell, suggested there was an element of Orr being pushed to resign.
If true, this would be a different narrative to that the public has been told.
Quigley and Willis have been tight-lipped about the circumstances around Orr’s resignation, saying it was a “personal decision”.
When the Herald asked the Reserve Bank why it hadn’t released the email exchange between Quigley and the Treasury adviser further to requests made under the Official Information Act, it said its legal obligations were different to those of Treasury.
It also noted the Ombudsman was considering a complaint over the way the Reserve Bank handled information requests around Orr’s departure.
Victoria University law professor Dean Knight said, “Privacy or confidentiality obligations under employment law or exit agreements are not absolute reasons for withholding information.
“They’re a factor against disclosure but not a veto. They must still be weighed against the public interest in disclosure.”
Willis said she only found out about the email Quigley sent the Treasury adviser on Wednesday.
Orr has declined multiple requests for comment.
'I am sorry Adrian lost his cool' - RBNZ chairman
The official story of Orr's sudden resignation is that it was a 'personal decision'.
Great journalism from Newsroom at the moment:
newsroom.co.nz
newsroom.co.nz
newsroom.co.nz
Regaining trust in a world of disinformation
Today from The Detail: Rather than shrug helplessly over a lack of trust in journalism, two Kiwi journalists are rolling up their sleeves to tackle the issue.
newsroom.co.nz
Who Benefits: The power of the farm lobby, part one
Freshwater policy changes were already being criticised for favouring polluters, then ministers intervened, asking for them to go further.
newsroom.co.nz
Who Benefits: The power of the farm lobby, part two
Is having a former farm lobbyist driving freshwater policy just democracy at work or a threat to the public interest?
newsroom.co.nz
I doubt that is true. They definitely contribute to it and maybe they impacted us being in recessionary territory when National arrived but to cut infrastructure spending when we are in, or almost in a recession like they did and then expect growth doesn't make any sense. They must know this, its common sense, governments, when you're in a recessionary environment, invest in infrastructure and social housing to boost the economy, so this must be the plan - they can't say that obviously.
The other problem is the tax cuts have increased debt and our interest bill has increased despite lower spending and because of the number of companies struggling in the infrastructure the tax take has dropped.
They look to be kicking off infrastructure again but going from where we are today its going to take a year before that even looks like starting up again; if you were a cynical person you would say just in time for the election cycle.
NZWarriors.com
- Thread starter
- #18,227
Great points around infrastructure spending. I think it’s more complex for the following reasons:
- We were in a recession but also had massive inflation problems and the economy needed to dampen inflation and slow down.
- typically during good times govts run a surplus (slow the economy) and then in recession they run a deficit (pump up the economy). The govt inherited structural deficits built up during good times of a scale that our credit rating was at risk and we didn’t have the headroom to ram up spending and blow out an already problematic deficit.
I agree with most of that, I am not even saying it was the wrong thing to do, we had to cut spending, but to claim it isn't a significant contributor to slowing the economy doesn't pass the common sense test for me.
And the tax cut that I honestly don't think was significant for anybody was just a bad idea to buy votes and spent money, that like you said we don't have and blew out the deficit anyway. It was an election promise I wish they had pulled back on, I think they would have been forgiven (although they would have got shit from other parties and media for a while).
Yes, I recall someone else on these pages saying a number of times "WE CAN'T AFFORD A TAX CUT!!!!". Prescient comments from that person, and yourself as well.
NZWarriors.com
There’s nothing to doubt. The Reserve Bank firstly lowered rates way too far & then lifted them too aggressively. When National came in to power the Crown’s operating balances had been in deficit since early in Labour’s 2 term tenure & hit a deficit of $12.9b last year - spending needed to pivot to infrastructure that supported productivity & generated a decent return on capital. They’re looking to do that now with the fast track program. Some of you simply don’t appreciate just how bad the fiscal hole got under Labour. They were a disgrace.
Blind echo chamber ignorance. National are economically illiterate. Their actions have brought us to where we are right now.
NZWarriors.com
Look I’m sure in some alternate universe out there you are correct.
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Nobody is reading this thread right now.
