Road closure update - Tauranga
*"Road closure update - Tauranga - Bay of
State Highway 36, the
Tauranga direct route will remain closed for the most of the
day. Roading contractors are working to clear the road and
ensure road safety.
Traffic can divert at Ngongotaha
to State Highway 5 and across the Kaimai Range or travel
through Rotorua CBD to State Highway 33 toward Te
© Scoop Media
On The Reserve Bank And Auckland Housing
The ‘crisis – what crisis?’ response by the government to the Auckland housing price bubble is no longer acceptable.
So says Reserve Bank governor Grant Spencer – who used unusually frank language in his speech and subsequent interviews yesterday to call for a capital gains tax, and to generally chastise central and local government for their inaction on a threat to the country’s economic health and financial stability.
That threat has been real for some time. The housing price bubble has already created a currency bubble... Undaunted, the government keeps calling this situation a success story. More>>