Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Rock star economy and the Lost Prophets

Rock star economy and the Lost Prophets

by Don Franks


British multinational HSBC Holdings, on of the world's largest banks, predict New Zealand will be the "rock star" economy of 2014, with growth set to outpace most of its peers.

HSBC forecasts the New Zealand economy will grow 3.4 percent in 2014—the fastest pace since 2007.

For 2013, the economy is expected to post growth of 3.0 percent, according to the bank.

HSBC sees the New Zealand housing boom as a key factor supporting faster expansion.

Sales figures from real estate firm Barfoot & Thompson show the average sale price of an Auckland home was $700,387 last month, up 12.2 per cent from $624,000 in December 2012.

Stick that on the T shirt !

Only one thing is wrong with our cool rock star economy.


Some of us will never get a ticket.

As Hawkes Bay paediatrician Russell Wills complained: "I see these poor preschool children in crowded homes that are cold and damp coming in with skin infections. They are filling our wards." Dr Russell Wills doubles as NZ's Childrens Commsioner. Who, because he gives a stuff, commisioned a report called the Child Poverty Monitor, after the Government rejected calls to start a comprehensive measure of child poverty.

The commissioner recruited private funding from Wellington charity J R McKenzie Trust and will now report back every year on the health and well-being of our most vulnerable children. The initial report findings included:

About one in six Kiwi children are going without basic necessities. Like not having a bed, delaying a doctor's visit or missing out on meals.

It also shows hospital admissions for children with medical conditions linked to poverty are rising. Tens of thousands of children are admitted every year for respiratory and infectious diseases associated with living in damp, overcrowded homes.

At a glance, the rock star economy is a land where:


265,000 children live in poverty, defined by income.

1 in 3 Maori and Pacific children live in poverty.

1 in 7 European children live in poverty.

1 in 6 struggle to afford basic necessities such as healthcare and clothing.

1 in 10 suffer from severe poverty, lacking basic necessities and adequate income.

3 out of 5 will be living in poverty for much of their childhood.

51 per cent are from sole parent families. 60 per cent are from beneficiary families.

How do the rock star economy's lead singers cope with this challenging material?


Social Development Minister Paula Bennett said the ministry was already measuring child poverty, and the commissioner's report was just "repackaged" government figures.

"We have prioritised children, particularly those most vulnerable, and we're taking a thoughtful and strategic approach to tackling complex social issues."

Duh.

Still, there's an election coming up this year.

"Paula Bennett’s continued ‘she’ll be right’ response to calls to officially measure child poverty reinforce concerns that National doesn’t see it as a problem or a priority", Labour Children’s spokesperson Jacinda Ardern says.

“If we are to make any real inroads into tackling child poverty then we need to collect the necessary data.

“Our lack of child poverty measures makes us an outlier with other OECD countries, 29 of which specifically define and measure levels of child poverty.

“Labour has committed to introducing similar legislation here and has a Member’s Bill that sets out exactly how we would go about that.

Double duh.

Labour will get a bigger measuring stick.

And "have a strategy". One that will not cause million dollar house owners a wink of sleep.

In the dazzling spectacle of the rock star economy, three plain old things are clear.

One, poverty is not going away anytime soon, because not enough people are moved to destroy it.

Two, "child poverty" is a euphemism. The Commisioner's report showed that about two out of five impoverished kids live in working families. Most New Zealand workers don't get paid enough. The real issue is not child poverty, it's working class poverty.

Three, if we're now in the land of the rock star economy, National and Labour are our Lost Prophets.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Parliament Today: State Opening Of Parliament

The House sits at 10.30am today before MPs are summoned to hear the Speech from the Throne in the Legislative Council Chamber.

The speech delivered by the Governor-General on the Government’s behalf outlines its priorities for this Parliament.

After this MPs will return to the House for the presentation of petitions and papers and the introduction of any bills.

The Government has five notices of motion on the Order Paper which can be debated. These relate to relating to the appointment of the Deputy Speaker, Assistant Speakers, the reinstatement of business in a carryover motion and one on “Entities to be deemed public organisations”. More>>

 

Tertiary Education: Students Doing It Tough As Fees Rise Again

The Government is making it increasingly difficult for Kiwis to gain tertiary education as fees continue to rise and access to student support becomes even more restricted, Labour’s Tertiary Education spokesperson Chris Hipkins says. More>>

ALSO:

Housing, Iraq: PM Press Conference – 20 October 2014

Prime Minister John Key met with press today to discuss:
• Housing prices and redevelopment in Auckland
• Discussions with Tony Abbott on the governmental response to ISIS, and New Zealand’s election to the UN Security Council More>>

ALSO:

Labour: Review Team Named, Leadership Campaign Starts

Labour’s New Zealand Council has appointed Bryan Gould as Convenor of its post-General Election Review. He will be joined on the Review Team by Hon Margaret Wilson, Stacey Morrison and Brian Corban.

ALSO:


Roy Morgan Poll: National Slips, Labour Hits Lows

The first New Zealand Roy Morgan Poll since the NZ Election shows National 43.5% (down 3.54% since the September 20 Election). This isn’t unusual, National support has dropped after each of John Key’s Election victories... However, support for the main opposition Labour Party has crashed to 22.5% (down 2.63% and the lowest support for Labour since the 1914 NZ Election as United Labour). More>>

ALSO:

In On First Round: New Zealand Wins Security Council Seat

Prime Minister John Key has welcomed New Zealand securing a place on the United Nations Security Council for the 2015-16 term. More>>

ALSO:

TPP Leak: Intellectual Property Text Confirms Risk - Jane Kelsey

The US is continuing its assault on generic medicines through numerous proposed changes to patent laws. ‘These are bound to impact on Pharmac if they are accepted’, according to Professor Kelsey... Copyright is another area of ongoing sensitivity... More>>

ALSO:

RMA: Smith Plans Reform To Ease Urban Development

Newly appointed Environment Minister Nick Smith has announced Resource Management Act reform to foster urban development, where high land prices and expensive resource consents are blocking efforts to provide affordable housing. More>>>

ALSO:

Gordon Campbell: On New Zealand getting involved (again) in other people's wars

Apparently, the Key government is still pondering how New Zealand will contribute to the fight against Islamic State. Long may it ponder, given the lack of consensus among our allies as to how to fight IS, where to fight it (Syria, Iraq, or both?) and with whose ground troops, pray tell? More>>

ALSO:

Gordon Campbell: On child poverty, and David Shearer’s latest outburst

The politicisation of (a) the public service and (b) the operations of the Official Information Act have been highlighted by the policy advice package on child poverty that RNZ’s resolute political editor Brent Edwards has finally prised out of the Ministry of Social Development. More>>

ALSO:

Gordon Campbell: On the government’s review of security laws

So the Key government is about to launch a four week review of the ability of our existing legislation to deal with “suspected and returning foreign terrorist fighters, and other violent extremists.”

According to its terms of reference, the review will consider whether the SIS, GCSB and Police are sufficiently able right now to (a) investigate and monitor suspected and returning foreign terrorist fighters… More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news