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- Govt eyes NZ$1.4b revenue grab 63
- English defends current account blowout 61
- 90 seconds at 9 am 51
- Budget 2012 reactions 45
- Thursday's Top 10 with NZ Mint 38
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Most viewed
90 seconds at 9am: Life premium hikes; Yuan revaluation?; Greek debt coverup
Bernard Hickey details the key news from over the weekend in 90 seconds at 9am in association with BNZ, including the NZHerald's report that life insurance premiums may be about to rise as much as 25% because of recent tax changes. For more detail, see the report from Interest.co.nz's Insurance Editor John Grant in September 2009 on how these changes might lift premiums 25%.
Also, KPMG is saying that levels of fraud increased sharply in the second half of last year as companies in trouble uncover dodgy loans to executives and managers. KPMG expects worse will come in the year ahead.
Meanwhile, Goldman Sachs chief economist Jim O'Neill has forecast China is about to revalue its currency by as much as 5%. That would see the New Zealand dollar fall vs the Yuan in relative terms and help exporters both here and in Australia.
In Europe, Goldman Sachs has been discovered hiding Greek debt through unusual deals, which is making investors nervous.

19 Comments
Well KPMG's got a bloody
Well KPMG's got a bloody cheek not including the "Banky Boy" posing as a Prime minister ...................
GOOOOOD Morning N.Z. are you just gonna sit there and take this...Eh..? 15% are they f$%king dreaming..........you will come out in your thousands for the right to the biff.....not to hurt small doggies........that paedo's live too close to your school ..and yet.......you will sit there and let these bas#$ds rob you blind.
You know Goff or whomever his lady in waiting is ,won't reverse this..! in fact they'll probably round it up..!!
Oh no they puttin the GST up to 15% ..what are we gonna do..?I don't like it.... !( whimper, sob whimper moan sob whimper) let's get a new fridge and telly now ay.? yeah.. that'll make us feel better...!
Stupid bas%$rds...........apathetic dull witted Bas$%rds.
Well I'm off to blow something up..... perhaps a balloon or Sadie but I'm not just gonna sit here and take this s%&t.
Interesting talk about OZ labour...companies
Interesting talk about OZ labour...companies hanging onto Labour....sounds very NZish...
http://www.switzer.com.au/video/hewson20100201
regards
I think 15% GST will
I think 15% GST will hurt National at the next election...yeah...do a 20% please!.....oh wait the alternative is Labour....
:/
regards
"the New Zealand dollar fall
"the New Zealand dollar fall vs the Yuan "...yes it would and all China sourced imports would rise by 5%...anyone for inflation!...clothing for sure...footwear....have a look through a dept store near you and check out where the stuff came from!.
Yes the alternative is a
Yes the alternative is a sickening thought, but the unfortunate reality is that the only eyes and ears the Pollies have are affixed to Poll results...... oh oh ooops we slid a couple in the latest Colon Buttman poll....not to worry..! I got a package to get the PI's back on side and there's another poll due out.. just after I leak it to the media.... (titter chortle)...
The alternative is no less
The alternative is no less "sickening" than what we have....I had hoped JK would be a mini-Obama...I was right.....except Obama is working out as Bernard has said...
regards
Just as someone said the
Just as someone said the other day, once you leave our shores no one really cares about New Zealand and it's opinions and it is the same with politicians once they hit Wellington. Never trust anyone who thinks highly of their worth or contribution to sociiety. If your that valuable people will tell you. Politicians are just like Greek financiers who have sold the people into serfdom
Im noticing massive inflation in
Im noticing massive inflation in some areas, for instance; my Tuna lures were $22 last year yesterday Hunting and fishing were asking $39 for the same lure, A glass of juice cost me $4.50. My farm 4 wheeler is 3 years old cost me 11k the replacement is 16k. My wife tells me she needs a lot more money to feed the family. Looks like stagflation from here. I would hate to be earning anywhere near min wages.
Steven....Obama is at least a
Steven....Obama is at least a fine orator , has a firm grasp of the "cult of personality" and America loves a Godhead.
Key wants to be your mate...you know..the one who brings you the bad news that your girlfriend is sleeping with someone...... but has difficulty in telling you ......it's him.
A little free spin doctor advice for "Johnny".... don't try being something your not as you can't act..!
You (Johnny) are a "Banky Boy" not an ordinary citizen but a colourless, humorless mouthpiece for the corporation installed by fools who lacked choice and supported by trough dwellers serving thier own agendas.
In short you (Johnny) are a caustic colonic disguised as a wet mop.
Be yourself and begone!
I agree with you AndrewJ,
I agree with you AndrewJ, I recently had my mother over to stay with us - she lives in the UK - and she was shocked at how expensive everything was. She's not been here for a few years and of course the unfavourable exchange rate hit her quite hard, but even so she was astonished at the cost of supermarket shopping. She can buy Pukekohe potatoes and New Zealand wine in the UK cheaper than we can here now!
I had an interesting chat with a friend of mine on the weekend - he's in his mid twenties, works as a skilled labourer and makes $22 per hour. He's finding it nigh on impossible to even contemplate saving for a house and he's getting frustrated. The news that GST will probably rise to 15% had him very depressed, because he knows that any tax saving he gets will be minimal and he's already struggling financially.
I think it was a shame that there were no major government spending cuts announced to fund some larger changes, and I sure as heck hope that whatever property investment taxation proposal National comes up with is SERIOUS.
Just get rid of government
Just get rid of government altogether.
http://en.wikipedia.org/wiki/Anarchy_in_Somalia
AndrewJ, your not alone.. everything
AndrewJ, your not alone.. everything is going up in price, inflation is rife. The only thing that is not going up is the CPI .. At least we know that the Govt does a great job at one thing .. manipulating statistics...
Monopolies control us <blockquote> You
Monopolies control us
http://corporatecrimereporter.com/barrylynn021310.htm
Just got a trade price
Just got a trade price update from Carters; Steel products up %7-9. Framing,outdoor products,ply,roundwood%12. I get these price updates monthly all prices are going up and the increases are often 2 to 3 times a year for the same products. CPI index is a joke.
I wonder if cheap stuff
I wonder if cheap stuff from China is currently holding it down ---> the US$ has effectively weakened (its not really that we've strengthened), yet I understand that generally Chinese consumer products priced in US$ have stayed the same US$ price. This could offset many price rises in other areas.
Remember the shrinkage rort. Net
Remember the shrinkage rort. Net weight of goods, less, price the same or more.
Hi Andrew, Emma here- I
Hi Andrew, Emma here- I would be interested if you could email me the update you have from Carters. emma.geraghty@interest.co.nz, Thanks for that.
Emma, do you have a
Emma, do you have a fax number?
Yes- 09 360 9319, cheers
Yes- 09 360 9319, cheers