Wednesday, 08 July 2015, 2:21pm

Crown Accounts: 11-Month Surplus Beating Forecasts

Once minority interests’ share of revenues and expenses are removed, the total Crown’s operating balance before gains and losses (OBEGAL) was a surplus of $1,176 million in the eleven-month period. This compares to a forecast surplus of $193 million...

Core Crown tax revenue, at $61.2 billion, was 0.7% or $401 million stronger than forecast, with some tax types performing above expectations while others performed below...

Core Crown expenses, at $66.0 billion, were $433 million (0.7%) lower than forecast with the variance spread across a number of departments. A large portion related to education expenses which were $205 million lower than forecast. While a large portion of this variance is timing in nature, some of the variance may persist until year end. More>>

 
 

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NEW ZEALAND POLITICS > >

 

PARLIAMENT TODAY:

Shifting Goalposts: New 2030 Emissions Target Is Weaker - Expert

Minister Tim Groser said the new climate change target is a significant increase on the current target of 5 percent below 1990 emissions levels by 2020... the 2030 target gives New Zealand “10 extra years to produce very little extra reduction”. More>>

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Education: Government Continues To Fail Students With Special Needs

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Gordon Campbell: On Where Greece Goes From Here

As one candid British commentator tried to come to grips with why his confident prediction of a “Yes” vote in Greece has failed so resoundingly, he said that he’d made that prediction from his own viewpoint – as someone with savings to protect. But most Greek people, he suddenly realised, didn’t have that concern anymore after five years of austerity. Duh. More>>

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Post-Cabinet Presser: EQC Reform, Greece & Surplus Stimulation

Prime Minister John key discussed proposals for reform of the EQC act and the Greek economic crisis at a press conference in Wellington. More>>

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GCSB/NZSIS: Intelligence And Security Reviewers Seek Public’s Views

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Education: Schools Funded To Trial Innovative Approaches

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Generation Zero: Skypath Granted Resource Consent

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Housing: Two New Auckland Special Housing Areas

Two new greenfield Special Housing Areas (SHAs) that will provide up to 1800 new homes in Auckland have been announced today by Building and Housing Minister Dr Nick Smith and Mayor Len Brown. More>>

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Royals: The Prince Of Wales And Duchess Of Cornwall To Visit

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Tracey Martin Replaced: Ron Mark Is New New Zealand First Deputy Leader

Clayton Mitchell was the successful candidate for the Associate Whip position. Winston Peters was re-elected as Leader by the Caucus. Ron Mark was elected as the Deputy Leader with effect from 10am, Friday, 3rd July. More>>

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BUSINESS, SCIENCE & TECH > >

 

Development: Screen Precinct Earmarked For Hobsonville Point

Auckland Council’s Auckland Development Committee has today passed a recommendation to create a screen precinct on council-owned land at Hobsonville Point. More>>

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Scoop Business: NZ Business Confidence Plummets To Lowest Level Since GFC

New Zealands business confidence plunged to the lowest level in three years in the second quarter as companies became pessimistic about profitability expectations. More>>

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Oceans: NZ Jumps Into International Shark Agreement

New Zealand has boosted the protection of sharks by signing the Memorandum of Understanding on the Conservation of Migratory Sharks. More>>

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Insurance: EQC To Double Payout, Scrap Contents Insurance

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Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

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Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

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COMMENT > >

 

Gordon Campbell: On The Crisis In Greece

Greece, as the cradle of democracy, is getting no brownie points for actually practicing it. The decision by the Greek government to go back to the people for a mandate for the bailout terms being proposed by the Eurozone seems entirely appropriate. More>>

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Stories Of Scoop: Alastair Thompson, Scoop Media & The Cost Of Free Journalism

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Gordon Campbell: On The Pope’s Encyclical On Climate Change

The spread of market mechanisms into every facet of life – as health, education and the environment get treated as mere commodities – has seen economic efficiency worshipped in its own right as a totem, and as a substitute for morality. The Laudato Si encyclical issued today by Pope Francis on climate change and the environment goes some away to restoring a sane balance. More>>

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Scoop Turns Sixteen: How Scoop's “Ethical Paywall” Model Has Changed Everything

As of this month, a broad range of professional organisations, including constitutional institutions, government agencies & departments, NGOs, Unions, CRIs, law firms, PR agencies, accountancy firms, media organisations, libraries and businesses - all of which make regular use of Scoop in their daily work and for professional research - have joined Scoop’s new “Ethical Paywall” copyright licensing scheme. More>>

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Gordon Campbell:
On The Sepp Blatter Resignation

Any initial elation at Sepp Blatter’s resignation as the overlord of FIFA will be tempered by his declared intention to stay on until at least December and possibly March 2016, to enable his successor to be elected. Has FIFA got no existing succession plan that could kick in before this? More>>

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Gordon Campbell: On The FIFA Scandal, And Similar Dirty Deal

With the US now investigating FIFA’s racketeering and money-laundering activities and the Swiss also looking at the bribes that went into the choice of Russia and Qatar as upcoming FIFA venues, the capos at FIFA are taking the fall for the boss of all bosses, Sepp Blatter - who has somehow been blissfully unaware of the dirty payoffs and extortion rackets conducted on his watch ... More>>

 

WORLD > >

 

Ban Condemns Killing Of Former Lesotho Military Commander

United Nations Secretary-General today condemned the killing of Lt. Gen. Maaparankoe Mahao, former Commander of the Lesotho Defence Force, on 25 June, near Maseru. More>>

Ban Welcomes US Supreme Court Ruling On Same-Sex Marriage

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UN Agency Welcomes EU Measures On Refugee Arrivals

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Increase In Voluntary Blood Donors Can Save Millions Of Lives

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UN Launches Education Appeal In Fight Against Child Labour

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Pope Francis & UN Agency On Sustainability Of Agriculture

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South Sudan: Call For De-Escalation Of In-Country Conflict

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Burundi: Emergency Support To Refugees Fleeing Burundi Crisis

Burundians fleeing pre-election violence rest on the shores of Lake Tanganyika in the Democratic Republic of Congo after a gruelling 22-hour boat journey. More than 100,000 Burundians have fled over the past month, arriving in Tanzania, Rwanda and ... More>>

Afghanistan: Commitment To Advancing Women's Rights

While the outgoing senior United Nations rights official in Afghanistan said she expected the human rights advances made “will be sustained, will not be rolled back, and will not be sacrificed,” she lamented the high level of violence against ... More>>

 
 

LIFESTYLE > >

 

Super Rugby: Parade To Celebrate Highlanders’ Win

The Dunedin City Council is urging people to come along on Monday to congratulate the team on its win in Wellington tonight. The Highlanders will leave from outside the Dental School at midday. More>>

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Album Review: Donnie Trumpet And The Social Experiments: Surf

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Photos: Inside The Christchurch Arts Centre Rebuild

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Running Them Up The Flagpole: Web Tool Lets Public Determine New Zealand Flag

A School of Design master’s student is challenging the flag selection process by devising a web tool that allows the public to feed their views back in a way, he says, the current government process does not. More>>

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Survey: ‘The Arts Make My Life Better’: New Zealanders

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Wellington.Scoop: Reprieve For Te Papa Press

Following its review of the role of Te Papa Press, Te Papa has committed to continue publishing books during the museum’s redevelopment, Chief Executive Rick Ellis announced yesterday. More>>

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