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Economics New Zealand

Monday, 9 January 2017. A cork in choppy seas. Here's what it looked like at the end of 2016. Last year, for example, the NZ$ dropped a little against the yen (which strangely had become the 'safe haven du jour. Sunday, 1 January 2017. A good idea hits a snag. But hang on a minute. Let's just suppose you're in Malaysia and you make diaries. How likely is it, really, that one day you'll wake up in Kuala Lumpur and say to yourself, "I think I'll flood the New Zealand market with ultra-cheap diaries...If on...

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Economics New Zealand | economicsnz.blogspot.com Reviews
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Monday, 9 January 2017. A cork in choppy seas. Here's what it looked like at the end of 2016. Last year, for example, the NZ$ dropped a little against the yen (which strangely had become the 'safe haven du jour. Sunday, 1 January 2017. A good idea hits a snag. But hang on a minute. Let's just suppose you're in Malaysia and you make diaries. How likely is it, really, that one day you'll wake up in Kuala Lumpur and say to yourself, I think I'll flood the New Zealand market with ultra-cheap diaries...If on...
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Economics New Zealand | economicsnz.blogspot.com Reviews

https://economicsnz.blogspot.com

Monday, 9 January 2017. A cork in choppy seas. Here's what it looked like at the end of 2016. Last year, for example, the NZ$ dropped a little against the yen (which strangely had become the 'safe haven du jour. Sunday, 1 January 2017. A good idea hits a snag. But hang on a minute. Let's just suppose you're in Malaysia and you make diaries. How likely is it, really, that one day you'll wake up in Kuala Lumpur and say to yourself, "I think I'll flood the New Zealand market with ultra-cheap diaries...If on...

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1

Economics New Zealand: What's behind the slide in optimism?

http://economicsnz.blogspot.com/2016/09/whats-behind-slide-in-optimism.html

Monday, 19 September 2016. What's behind the slide in optimism? The latest quarterly Westpac McDermott Miller survey of consumer confidence. Came out this morning, and much of it was pretty positive. But there was one chart in particular that I was keen to see, and it was that mysteriously saggy 'outlook in five years' time' one that's been puzzling me for a while. Here's the latest reading. So why this steady loss of optimism? And that the balance of risks is tilted to the downside. In sum, that slide i...

2

Economics New Zealand: The net benefit test

http://economicsnz.blogspot.com/2016/09/the-net-benefit-test.html

Friday, 9 September 2016. The net benefit test. In some recent posts ( 'Your competition law exam question'. And 'That competition law question'. I've been asking if there is something amiss with how the Commerce Commission applies the 'net benefit test' when (for example) authorising a merger that has some anti-competitive detriments, which are more than offset by assorted benefits. Recently the Commission put up on its website the key case on this, Godfrey Hirst NZ Limited v The Commerce Commission.

3

Economics New Zealand: A cork in choppy seas

http://economicsnz.blogspot.com/2017/01/a-cork-in-choppy-seas.html

Monday, 9 January 2017. A cork in choppy seas. Here's what it looked like at the end of 2016. Last year, for example, the NZ$ dropped a little against the yen (which strangely had become the 'safe haven du jour. Subscribe to: Post Comments (Atom). Welcome to my economics blog. 8221; - Charles Wheelan, Naked Economics: Undressing the Dismal Science. The soundest argument for markets . is simply that, very frequently, they are the least bad of the alternatives. To paraphrase Winston Churchill's rem...And i...

4

Economics New Zealand: A good idea hits a snag

http://economicsnz.blogspot.com/2017/01/a-good-idea-hits-snag.html

Sunday, 1 January 2017. A good idea hits a snag. Dumping'. What a good word for those wicked, wicked manufacturers overseas who 'dump' their goods here at lower-than-fair prices and drive our honest battlers to the wall. And when they've driven our fellows out, they have the market to themselves and can rip us off. Good job we've got anti-dumping laws to protect us, eh? And get MBIE to slap an import duty on the Greek peaches, even if consumers would have been happy to fill their trolleys with them. ...

5

Economics New Zealand: Good ideas - but now what?

http://economicsnz.blogspot.com/2016/11/good-ideas-but-now-what.html

Tuesday, 29 November 2016. Good ideas - but now what? Yesterday's report from the Productivity Commission. Achieving New Zealand's Productivity Potential' (press release here. Is full of good ideas. The Commission is big enough and bad enough to push its own barrow, so I'm not going to recycle its full list of proposals, but I would like to add a little bit of support for its competition ideas. This approach is increasingly out of step internationally, with competition law in almost all other OECD countr...

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SmallTorque: Funding Hard News

http://small-torque.blogspot.com/2016/12/funding-hard-news.html

Sunday, 11 December 2016. Defined hard news (someone wants to kill it off) and argued that it is a public good so we should consider public funding to top-up what the providers might get from other sources. Before we get into the details of how this might be achieved, let's start with a bit more background. Firstly, " we, the NZ public. Do already provide public funds for some kinds of broadcast (not print) media, through NZOnAir. Opens it's NZ section with the following statement. In New Zealand, in 198...

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SmallTorque: Rowarth as Columnist

http://small-torque.blogspot.com/2017/01/rowarth-as-columnist.html

Tuesday, 3 January 2017. Here's the second paragraph of a column by the EPA's chief scientist, Jacqueline Rowarth, from the Rural News on 20/12/16. Although farm animals aren't included in New Zealand's Emissions Trading Scheme (no country has put agriculture in to any sort of GHG scheme), many people still point fingers at 'polluters' and regard the animals and their owners as free-loaders. The rest of Rowarth's article explains why this is "odd". In the rural press. I reckon that regulators should not ...

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SmallTorque: C, E, F & P

http://small-torque.blogspot.com/2016/11/c-e-f-p.html

Thursday, 24 November 2016. Rachel Stewart is at it again. Criticising the dairy industry. And here I am again, basically agreeing with her despite being a dairy farmer. Dairying is indeed a very powerful industry in NZ, to the point where the 'C' word (cow) just was never mentioned by officials commenting on the water contamination in Havelock North. But you will never catch Fonterra advocating a massive reduction in dairying in NZ, which is Rachel's position. No They won't. Markets are socially def...

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SmallTorque: Minority Rule

http://small-torque.blogspot.com/2016/11/minority-rule.html

Tuesday, 1 November 2016. Nassim Taleb has a great post. On how quite small minorities can win over the majority in social matters:. Taleb's argument is not that minority rule is generally. True (a plethora of oppressed minorities know differently), but rather that it can. Happen if the minority is intransigent, for example for religious reasons (kosher, halal), and. The majority is flexible (i.e. we don't mind if its kosher and halal), and. This could explain why huge food companies like Nestle. These f...

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SmallTorque: September 2015

http://small-torque.blogspot.com/2015_09_01_archive.html

Wednesday, 30 September 2015. Agricultural science funding in NZ. Recent job cuts at AgResearch have focused attention on the money that kiwi taxpayers spend on scientific research and its allocation. The CRIs get about $400m. Of public money each year and AgResearch is the biggest of them. Here are its sources of revenue for the last two financial years for which records are available ($m). As the motivation for the sackings. I could ask questions about this all night, but let's just try a few. Kudos to...

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SmallTorque: Hard Journalism as a Public Good

http://small-torque.blogspot.com/2016/12/hard-journalism-as-public-good.html

Saturday, 10 December 2016. Hard Journalism as a Public Good. Earlier this week the Commerce Commission held a conference on the proposed merger between Fairfax and NZME. Most of the discussion involved the applicants responding to questions from the Commission. The transcripts will be available here. This post is not about the proposed merger but was provoked by the discussion at the hearings. But G&F are distributors of content, not creators, which is why they haven't really cared. Cross-subsidies are ...

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SmallTorque: November 2016

http://small-torque.blogspot.com/2016_11_01_archive.html

Thursday, 24 November 2016. Rachel Stewart is at it again. Criticising the dairy industry. And here I am again, basically agreeing with her despite being a dairy farmer. Dairying is indeed a very powerful industry in NZ, to the point where the 'C' word (cow) just was never mentioned by officials commenting on the water contamination in Havelock North. But you will never catch Fonterra advocating a massive reduction in dairying in NZ, which is Rachel's position. No They won't. Markets are socially def...

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SmallTorque: August 2016

http://small-torque.blogspot.com/2016_08_01_archive.html

Wednesday, 31 August 2016. It's been a while between posts eh? That's mainly because we've been having some issues locally that stole the residual time and energy I'd been putting into blogging. This was a shock, but we carried on with the plan because even this type of offender deserves the opportunity of rehabilitation into society and Corrections assured us that he was considered low risk of re-offending. Corrections turned out to be right - there was no re-offending for the 10 months he was here.

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SmallTorque: January 2017

http://small-torque.blogspot.com/2017_01_01_archive.html

Tuesday, 10 January 2017. One of the biggest arguments for excusing agriculture from New Zealand's emissions trading scheme (ETS) is that we farmers have no real prospect for mitigating these emissions. The EPA's chief scientist has recently argued that. Turning down agricultural emissions means altering biology - or getting rid of animals". Our working hypothesis goes like this:. We can use liquid foliar feeding (alongside dry ground-spread) to stimulate pasture growth. That's why the fert reps say we h...

small-torque.blogspot.com small-torque.blogspot.com

SmallTorque: Soil Carbon

http://small-torque.blogspot.com/2017/01/soil-carbon.html

Tuesday, 10 January 2017. One of the biggest arguments for excusing agriculture from New Zealand's emissions trading scheme (ETS) is that we farmers have no real prospect for mitigating these emissions. The EPA's chief scientist has recently argued that. Turning down agricultural emissions means altering biology - or getting rid of animals". Our working hypothesis goes like this:. We can use liquid foliar feeding (alongside dry ground-spread) to stimulate pasture growth. That's why the fert reps say we h...

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Economics New Zealand

Monday, 9 January 2017. A cork in choppy seas. Here's what it looked like at the end of 2016. Last year, for example, the NZ$ dropped a little against the yen (which strangely had become the 'safe haven du jour. Sunday, 1 January 2017. A good idea hits a snag. But hang on a minute. Let's just suppose you're in Malaysia and you make diaries. How likely is it, really, that one day you'll wake up in Kuala Lumpur and say to yourself, "I think I'll flood the New Zealand market with ultra-cheap diaries...If on...

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