Labour Delivers: Higher Interest Rates, Higher Prices, Lower Growth

ACT New Zealand Finance Spokesman Rodney Hide today said that New Zealanders were now suffering price hikes, higher interest rates and slower growth - all because of the daft Labour Government.

"The Reserve Bank has hiked the cash rate to 5.75 percent - that means more on everyone's mortgage," Mr Hide said.

"The Reserve Bank is predicting inflation at 3.25 percent - that means more on groceries.

"The Reserve Bank is forecasting economic growth to slow to 1.75 percent in 2006 - that means less in people's pay packets.

"Helen Clark and Michael Cullen has spent their time in office throttling the productive sector. The result is higher interest rates, higher prices and lower growth. That's what Labour has delivered," Mr Hide said.

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Gordon Campbell: On the Sony cyber attack

Given the layers of meta-irony involved, the saga of the Sony cyber attack seemed at the outset more like a snarky European art film than a popcorn entry at the multiplex.

Yet now with (a) President Barack Obama weighing in on the side of artistic freedom and calling for the US to make a ‘proportionate response’quickly followed by (b) North Korea’s entire Internet service going down, and with both these events being followed by (c) Sony deciding to backtrack and release The Interview film that had made it a target for the dastardly North Koreans in the first place, then ay caramba…the whole world will now be watching how this affair pans out. More>>