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3.1% of GDP: NZ Posts Smallest Current Account Gap In 6 YearsNew Zealand posted the smallest annual current account deficit in six years as the weak domestic economy trimmed profits at foreign-owned companies and sapped demand for imports.
The deficit shrank to $5.72 billion in the 12 months ended Sept. 30, according to Statistics New Zealand. That’s down from the $10.37 billion gap in the year to June and down from $15.4 billion in the 12 months through September 2008. Economists had expected a deficit of $7.2 billion, according to a Reuters survey. More >>
Justice System: Nationwide Inquiry Into Police Handling Of Child Abuse Cases
The Independent Police Conduct Authority’s inquiry into Police handling of child abuse cases will cover all of New Zealand, the Authority said today. The Authority was notified in June of delays in the Police response to child abuse cases in the Wellington District, in particular the Wairarapa. More>>
Flip Floppery: Waterview Tunnel Option Back On
Transport Minister Steven Joyce’s decision to back down from his preferred route for the new Waterview road connection in Auckland was welcomed today by Mt Albert Labour MP David Shearer. “National’s announcement – dropped late yesterday in the dead news period before Christmas – that it would now build a 2.4km tunnel east of its preferred route takes us back near to what Labour had originally proposed for the route,” David Shearer said. More>>
Funding, harmonised with performance: The new Tertiary Education Strategy
The Tertiary Education Strategy 2010-2015 released today will ensure the sector is more responsive to the needs of students and employers, says Tertiary Education Minister Anne Tolley. “The new strategy outlines the Government’s priorities for the next... More >>
Gordon Campbell: On The Govt’s Plans For Welfare Reform
At a time of the year when family care and social generosity should be on everyone’s mind, we find Finance Minister Bill English announcing the government’s intention to get tougher on welfare in 2010... More>>
Climate Change: Activists Blockade NZ Stock Exchange
Protesters blockaded the New Zealand Stock Exchange on Monday frustrated with global inaction on climate change and critical of market-based systems being proposed to tackle the problem. Activists occupied an office on the second floor of the exchange and nine people were arrested blockading the south entrance to the building. More>>
Mining: Coromandel Assessed As Unsuitable For Mining
A peer-reviewed Landscape Assessment of the Coromandel Peninsula completely contradicts statements by Energy and Resources Minister Gerry Brownlee, that some Coromandel conservation land presently close to mining has low conservation values and could be mined for gold. More>>
Employment: Government To Change The Holiday’s Act
Proposed changes to four weeks annual leave will see New Zealanders' family life suffer for little or no productivity gains, Green Party Industrial Relations spokesperson Keith Locke said today. More>>
Gordon Campbell: Putting The SAS Back Into Afghanistan
Who has stolen John Key’s brain? The Prime Minister who only a couple of months ago was demanding to see a viable exit strategy before he would put New Zealand combat troops back into Afghanistan, has been replaced by a John Key impersonator for whom the vaguest of goals – combatting global terrorism – now seems like a darn good reason for doing so. More >>