November 22 edition of the BNZ Weekly

Friday, 23 November 2012, 9:29 am
Press Release: BNZ Weekly

Welcome to the November 22 edition of the BNZ Weekly Overview

This week we have learnt that the NZ household savings rate has gone back into negative territory. But apart from that little of substance has arisen.

Click here to read: WONovember_22.pdf

ENDS

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Business Headlines | Sci-Tech Headlines

BUSINESS, SCIENCE & TECH

John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services

Every debt, eventually, has to be repaid. Right now, the day of reckoning is fast approaching for one of the most crippling, but least discussed, debts burdening government across New Zealand – technical debt. Technical debt is the cost of generations of incremental investments in legacy technologies to tease additional functionality or life from them.

Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience

Witnessing the human cost of the Canterbury earthquakes inspired Ben Exton to become an earthquake engineer and find solutions to make New Zealand homes more resilient against future seismic events. Exton last week received the Ivan Skinner Award at the New Zealand Society of Earthquake Engineering (NZSEE) annual conference to recognise his innovative work as a practitioner and to support his qu

Reserve Bank: Consultation Opens On A Digital Currency For New Zealand

Te Pūtea Matua is continuing its exploration of a central bank digital currency. “We are calling this ’digital cash’. It would be a new type of money in addition to the banknotes and coins we have today, and the electronic money in your bank account,” Director of Money and Cash – Tari Moni Whai Take Ian Woolford says.

NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research

NIWA anchored their research vessel in Wellington Harbour and observed in real-time how its anchor changed the surrounding environment. Study leader NIWA geophysicist Dr Sally Watson says they saw broomstick-like scarring on the seabed.

New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore

The New Zealand Customs Service has signed an arrangement with Singapore that will help to make trade simpler for exporters. The Arrangement on Facilitating Safe and Efficient Trade sets out a framework for developing and strengthening practical cooperation on trade and the use of emerging technology.

Horizon Research: 68% Say Make Banks Offer Fraud Protection

68% (2,785,000 adults) believe the government should regulate to make sure banks offer fraud and cybercrime protection to customers. These are among findings of a new study, conducted in the public interest by Horizon Research, on bank fraud and cybercrime.

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