Links 15 June 2018

Global Macro / Markets / Investing:






  1. NEW ZEALAND: Incentives and Flexibility Needed to Fix Infrastructure – Infrastructure New Zealand | Scoop News

    Incentives and Flexibility Needed to Fix Infrastructure and Urban Development in New Zealand

    “New Zealand’s urban growth system is broken and must be revised to incentivise cities to grow and city leaders must be given the flexibility and tools they need to succeed,” says Stephen Selwood, CEO of Infrastructure New Zealand.

    “We took 42 public and private sector infrastructure leaders to Portland, Denver, Dallas and Houston – four big, fast-growing cities facing the same challenges as New Zealand cities, but with different economic, social and environmental outcomes.

    “The US cities may not be able to match New Zealand centres for liveability, but they do know how to grow. Homes are being built, roads and public transport are being delivered and homelessness is down by a third in the last decade. … read more via hyperlink above …

    Infrastructure New Zealand – Home

    Housing Minister Phil Twyford says Ministry of Housing and Urban Development will help drive KiwiBuild and will be operational by the end of the year … Interest Co NZ

    • Housing – New Zealand Labour Party

      … extract …

      Remove barriers that are stopping Auckland growing up and out

      Labour will remove the Auckland urban growth boundary and free up density controls. This will give Auckland more options to grow, as well as stopping landbankers profiteering and holding up development. New developments, both in Auckland and the rest of New Zealand, will be funded through innovative infrastructure bonds.

      Check … just updated …

      … refresh / reload if necessary …


        The front page of The Wall Street Journal cited the difficulty of cities (Note 1) trying to stop the escalation of house prices “Western Cities Try, and Fail, To Slow Chinese Home Buying.” The more descriptive online headline said: Western Cities Want to Slow Flood of Chinese Home Buying. Nothing Works: Governments from Vancouver to Sydney to Toronto are using taxes and other restrictions to tackle real-estate bubbles. The article also covered Auckland and Melbourne and their attempts to discourage Chinese buyers, who have been getting much of the blame for the severe housing affordability. … read more via hyperlink above …

    • I’m not sure that Portland Oregon would be a model to be emulated. Portland is the poster child of urban containment policies and light rail (which the Antiplanner has shown time and again has been a dismal failure) and Portland’s land prices are orders of magnitude more expensive than Dallas or Houston. I sincerely hope that NZ doesn’t follow the Portland model. If anything let’s hope the lesson they take from it is how NOT to do development!

      • May I ask if Portland Oregon has any topographical similarities with anywhere in Texas, climate, population and economic factors, et al, that might preclude using some ideological based cookie cutter economic template. That’s not to mention do the people living in Oregon have to emulate Texas or is it OK for them to use their “free will” [tm] or democratic process to decide to do things differently.

        I would also suggest that it might be prudent to look at wages or income vs say taxation [and how its based], basic needs, health & education, social well being [crime rates and stuff], ecological health, etc….

        I guess I’m suggesting that one might consider reality and a functioning society is not strictly based on cheap RE and a car and then the market magic happens…..

  2. People should be fined for throwing batteries in the garbage bin. Be more ecologically responsible.

    And we need an extra tax on gadgets that use button cells. Those cells are sometimes swallowed by kids and result in death:

    Swallowed batteries burn through a child’s esophagus in just 2 hours

    This has been a known problem since 1986 or earlier. Ridiculous that button-cell gadgets are still made.

  3. rj2k000MEMBER

    [Pauline Hanson loses Senator Brian Burston after prolonged feud – ABC]
    Whilst the bleeding heart save-the-whales tree-hugging green leftards celebrate PHON departures, i’ll vote 1 PHON at the election.
    A little like a sweet FU by the CBA investors pushing up the share price after the RC penalty.

  4. fitzroyMEMBER

    Given the political nature of religion, I consider the anti blasphemy laws a major constrain on freedom of the individual in Australia. They can and are used to close down debate and enforce authoritarian state structures.

      • Draconian laws. But at least nobody can ridicule my flying spaghetti Monster now. They will go to jail!

      • What is it smithy aside from an anti ridicule religion law with custodial consequences?

      • drsmithyMEMBER

        The lack of gaols overflowing with comedians suggests that making fun of religion is still OK.

        Kind of like it’s OK to say “kill all lawyers” but not OK to say “kill that specific lawyer”

        As usual, the hysteria is around things that might (but almost certainly won’t) happen, instead of things that are actually happening.

      • People have already been charged and none of them are lawyers, and none of them cracked a joke. The news hasn’t obviously hasn’t made it to Queensland.

      • drsmithyMEMBER

        People have already been charged and none of them are lawyers, and none of them cracked a joke.

        Uh huh. How many of them were charged with blasphemy ?

        You’re handed a list like that Crikey article and your response is ‘bbbbbbut MUSLIMS’ ? No wonder the country is buggered.

        Uncle Rupert must be so proud.

      • fitzroyMEMBER

        2 The report I linked below is from Fairfax.Rupert has never owned that paper. It used to be a good paper, you should read it sometime. None of the people in the Crikey post were looking at gaol.

      • drsmithyMEMBER

        None of the people in the Crikey post were looking at gaol.

        The Crikey article is about things that are actual threats to transparent governance and a free and fair society.

        You’re worried about not being able to abuse and vilify people for having an imaginary friend you don’t like.

    • I guess if you want to read the god delusion better get on it before it’s removed from circulation. On the other hand, it would also prevent its author appearing in public, so that’s a plus.

      • fitzroyMEMBER

        I do have the book. Don’t tell smithy, he will want it burned, or put me into the wallopers

      • drsmithyMEMBER

        So called blasphemy laws must be pretty weak then.

        It’s more that they’ve got nothing to do with blasphemy.

  5. Stewie GriffinMEMBER

    Good to see Trump vetting the UN – this global agency has been captured by corporate elites and, other than in regards to the security council, has most of its agenda set by them using 3rd world proxies to push through their goals re mass migration and redefinning refugee to include anyone seeking a better economic outcome than their current shit hole.


    Report highlights ‘considerable risks’ of trying to get light rail from Auckland’s CBD to airport in time for 2021 America’s Cup & APEC Summit |

    By Jason Walls

    A confidential report, prepared for Auckland Mayor Phil Goff, reveals the “considerable risks” of pushing through legislation accelerating the delivery of light rail to Auckland.

    But Transport Minister Phil Twyford, who was given the report by the Mayor, is dismissing its findings and says it’s “highly likely” this legislation will come before Parliament regardless. has obtained the document, which provides a feasibility assessment for an accelerated delivery of light rail between the city and airport before the end of 2020.

    In July last year, Goff requested that Auckland Transport (AT), which is owned by Auckland Council, prepare the report to assess the impact of the project being completed before both the America’s Cup and the APEC summit in 2021.

    He received it on October 1 last year.

    But he chose not to share the report with Council members at the time. contacted a number of councillors, none of whom had seen or could recall seeing the report. … read more via hyperlink above …