Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


Molesworth & Featherston (Weekend) – April 1 2006

Molesworth & Featherston - Weekend Update edition


Business and Political News
1 April 2006
molesworthandfeatherston.co.nz

In the latest edition:

Direct Link To This Week's Weekend Update Edition:
http://molesworthandfeatherston.info/pdf/MandF1Apr06L.pdf

Economy
Tide Turns

The signs are almost imperceptible but the tide has changed in analysts’ confidence about the economy.

The sharemarket has been surging, mainly because the Reserve Bank looks much more likely to begin the cycle of interest rate decreases later this year.

With the dollar at a pleasant 60 US cents and back to 85 cents Australian, the pressure is off the tradable sector. House prices are beginning to look more stable, which takes the pressure off the Reserve Bank’s biggest worry.

As we reported last weekend, things need to get better, though the finance minister is still pretty optimistic. He thinks we are probably through the bottom of the slow-down and we could see positive growth when figures for the first quarter of this year are produced.

Business confidence figures remain bleak. But the glimmer of an improvement was there in the National Bank's business outlook survey. A net 51 per cent of businesses expect conditions to worsen in the coming year. That's a very low level of confidence, but the good news is fewer businesses are gloomy than last month when a net 65 per cent said they thought business conditions would worsen this year.

“Every indicator within the survey has recorded an improvement,” the bank reported. “The improvement is widespread across retailers, manufacturing, agriculture, construction and the service sector.“

But if things are getting better, any recovery will not produce roaring growth rates, at least this year.

“Weak economic performance has been a key driver of the recent fall in the New Zealand dollar. The adjustment in the exchange rate will provide impetus to growth, and is already being reflected by firms’ export intentions increasing for three successive months,” the National Bank said.

The Bank’s economists and its business survey respondents are convinced interest rates will begin to come down this year, not next as the Reserve Bank has indicated.

ROLLING POLL

Percent Seats
Labour 41.86 53
National 42.17 53
Greens 6.85 9
NZ First 3.22 0
Maori 1.91 4
United F 1.40 2
Act 0.94 1
Progressive 0.16 1

************

The Weekend Update is a complimentary, condensed edition of the paid-subscription only Governor’s Edition published last Tuesday.

For the inside oil on politics and business in Wellington - and to subscribe to the Governor's edition see…

http://www.molesworthandfeatherston.co.nz Pay for a Governor's Editions subscription HERE

Direct Link To This Week's Weekend Update Edition:
http://molesworthandfeatherston.info/pdf/MandF1Apr06L.pdf

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Werewolf: Living With Rio’s Olympic Ruins

Mariana Cavalcanti Critics of the Olympic project can point a discernible pattern in the delivery of Olympics-related urban interventions: the belated but rushed inaugurations of faulty and/or unfinished infrastructures... More>>

Live Blog On Now: Open Source//Open Society Conference

The second annual Open Source Open Society Conference is a 2 day event taking place on 22-23 August 2016 at Michael Fowler Centre in Wellington… Scoop is hosting a live blog summarising the key points of this exciting conference. More>>

ALSO:

Buildup:

Gordon Campbell: On The Politicising Of The War On Drugs In Sport

It hasn’t been much fun at all to see how “war on drugs in sport” has become a proxy version of the Cold War, fixated on Russia. This weekend’s banning of the Russian long jumper Darya Klishina took that fixation to fresh extremes. More>>

ALSO:

Binoy Kampmark: Kevin Rudd’s Failed UN Secretary General Bid

Few sights are sadder in international diplomacy than seeing an aging figure desperate for honours. In a desperate effort to net them, he scurries around, cultivating, prodding, wishing to be noted. Finally, such an honour is netted, in all likelihood just to shut that overly keen individual up. More>>

Open Source / Open Society: The Scoop Foundation - An Open Model For NZ Media

Access to accurate, relevant and timely information is a crucial aspect of an open and transparent society. However, in our digital society information is in a state of flux with every aspect of its creation, delivery and consumption undergoing profound redefinition... More>>

Keeping Out The Vote: Gordon Campbell On The US Elections

I’ll focus here on just two ways that dis-enfranchisement is currently occurring in the US: (a) by the rigging of the boundary lines for voter districts and (b) by demanding elaborate photo IDs before people are allowed to cast their vote. More>>

Ramzy Baroud: Being Black Palestinian - Solidarity As A Welcome Pathology

It should come as no surprise that the loudest international solidarity that accompanied the continued spate of the killing of Black Americans comes from Palestine; that books have already been written and published by Palestinians about the plight of their Black brethren. In fact, that solidarity is mutual. More>>

ALSO:


Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news