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24 hours agoThat $30k is eaten away by inflation while the borrowers are also paying interest on it. At 4.49% that’s $1347 per year. If the borrower doesn’t spend it immediately, they are losing another 3% per year on it or $900.
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Cake day: June 27th, 2025
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We have 25kg of laundry detergent. My partner isn’t happy about it. 😅
He does a good job of illuminating it here: https://www.youtube.com/watch?v=BTlUyS-T-_4
His basic message is that rich people own assets; everyone else operates with money. Every time there is inflation, like when countries borrowed massive amounts of cash during 2020, money becomes worth less (prices for things go up) while assets maintain their value, by going up in dollar value.
There is an argument that Labour NZ and Democrats US are more neoliberal than left and their policies are largely based around giving subsidies or aid in a way that increases demand for things which drives up the price. One example of this is “University for Everyone” that was started during the Clinton era in the 90s. On the face of it, it sounds like a really positive idea. Unfortunately, when everyone had money for college, the price of tuition skyrocketed. Another way to approach this would have been to build state-owned schools that offered cheaper tuition.
In New Zealand we do similar things, like the accomodation subsidy. We spend $2 billion dollars a year to help people who can’t afford rent. Again, on the face of it, it sounds like a really important thing to do. But when there is $2 billion dollars a year injected into the demand-side of the rental market, we get higher rents. Another way to approach this would be to use the $2 billion per year to build non-market housing.
It almost seems like the two-party systems we find around the world are designed to make the rich richer, while one of them is designed to make it hurt slightly less while they still facilitate it. This creates the perpetual cycle of voting against one party instead of voting for the one we most align with. This is why the people in power do everything they can to prevent single-transferable voting (STV) or ranked-choice voting (RCV). We’re lucky to have it in local elections.
For parliamentary elections at least we have MMP. So, there’s that.
6·1 day agoAOMedia Video 1 (AV1) is an open, royalty-free video coding format initially designed for video transmissions over the Internet.
Have you tried a USB-C to HDMI cable for you phone?
About $200k, after living expenses, from the sound of it! 😮
InfraKiwi aims to own and operate key infrastructure assets in New Zealand for the long term. It is anticipated that it will initially be seeded with private equity investment from the Simplicity KiwiSaver and Investment Fund schemes, with the intention to list on the NZX once it achieves critical mass.
It sounds more like they will “own” the resources, not just do contracts. I’m not very good at 4d-chess but one thing that popped into my mind was the Lake Onslow Project. Then I started thinking about Electricity Generation. So, there might be a world in which things that could be SOEs in the future are owned by a Kiwi business. If InfraKiwi is listed on the NZX, then it could be folded into a “fund” that is available for everyday people to buy using their KiwiSaver.
This would be quite complimentary to Labour’s new Future Fund, so if Labour win the next election, InfraKiwi could be well positioned to work within that framework and receive government money from “Investment Fund schemes”. Labour said:
The Fund will invest in New Zealand for the benefit of everyone, building infrastructure and backing innovative businesses to create secure, well-paid jobs and grow wealth in every region.
InfraKiwi almost seems tailor-made for this. While it would need to be a for-profit company to be listed on NZX, the convenor company “Simplicity” has done some amazing pro-Kiwi things as a not-for-profit which gives me a high-level of trust for their CEO: Sam Stubbs.
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Agreed. Please see the sidebar for the rules:
Rules:
Dry beans are even cheaper than canned beans. Just soak em overnight, put them in fresh batch of water, and then cook them for like 20 mins. Beluga lentils are smaller and cook faster than regular beans. You need to add salt to the water before you cook them. You can add fat into the beans to make them more delicious. If you have a tough set of customers, a 1/4 teaspoon of MSG makes beans really popular.
Soaking them and tossing the water makes them less windy according to research-based evidence.
It’s just a bit of a bummer that it will now be owned by foreign investment firms.
I don’t see either of the dominant political parties making any meaningful changes to address these issues. The current government acknowledges the issues in their Budget Policy Statement 2025 but then acts in contradiction to their own statements, by disestablishing Callaghan Innovation and gutting CRIs. Their Strategy for AI is basically a “legal thumbs up” with no incentives for businesses to move into this sector.
Instead of investing in public schools, they are allowing charter school which will make education pay-to-play, which will grow inequality at a time when young people are already locked out of the housing market. All while teachers are walking out in protest over low wages.
My fear is that when many young people are disenfranchised and aren’t offered a “good deal” to participate in society, then we will get more crime and more drugs.
Labour isn’t going to fix it and National seems to be actively sabotaging it.
I just read the book “Abundance” and I can see many of the partisan issues described in the book in the New Zealand context. We’re cooked.
1·1 month agoEmpty words are the currency of the United Nations. I agree politics is infuriating. Standing with your back to the offenders while the 800 ton gorillas commit genocide is sometimes the best we can expect from nations that don’t even have a military budget.
Have you personally considered flying to a more effective place to go protest?
I 100% support this strike.
Yes. “Rainbow Community” or “Rainbow Communities” has been used since the early 00s. If you want to use the term then using the plural “Rainbow Communities” is preferred as an acknowledgement of the diversity within the cohort.
The question was:
Do you strongly agree, agree, disagree, or strongly disagree with the following statements
The statements:
- “You have friends with political views different from your own.”
- “All immigrants who came to New Zealand illegally should be deported.”
- “New Zealanders may have to resort to violence in order to get the country back on track.”
Based on 1,000 responses, we’re 14% vs America’s 30%.
“If there weren’t unions: people would just have to individually put up with our shit”
⬇ AI Summary of the original 174 page report 🤖
spoiler
The New Zealand Drug Foundation’s 2025 report, Safer Drug Laws for Aotearoa New Zealand: Evidence to Inform Regulatory Change, is a major evidence-based review arguing that New Zealand’s 50-year-old Misuse of Drugs Act 1975 (MoDA) has failed to achieve its goals and should be replaced with a health-centred, evidence-driven legal framework.
Core Thesis
The report asserts that criminalisation has not reduced drug use but has deepened harm—particularly for Māori—while blocking access to effective health interventions. It calls for a new regulatory model that treats drug use primarily as a social and health issue, not a criminal one.
Historical & Policy Context
- The MoDA, influenced by mid-20th-century UN conventions and US policy, became law in 1975.
- It enshrined prohibitionist drug control and criminal penalties that persist despite global shifts toward harm reduction.
- A 2011 Law Commission review recommended repealing MoDA and creating a new health-led Act, but its proposals were largely ignored.
- Limited reforms (like 2019’s police-discretion amendment and 2021’s legalisation of drug checking) show isolated progress, not systemic change.
Key Evidence of Failure
- Rising drug harms: fatal overdoses have surged to roughly three per week (2024), mainly from opioids and adulterated synthetic substances.
- Drug use increasing: wastewater data show record methamphetamine, MDMA, and cocaine use.
- Prices falling: meth and heroin prices have dropped dramatically since 2002, indicating abundant supply despite strict laws.
- Māori inequity: Māori make up over 50 % of drug-related imprisonments and experience double the overdose mortality rate of non-Māori.
- Treatment gaps: more than 350 000 adults have unmet addiction-treatment needs.
- Criminalisation costs: tens of thousands of people bear lifelong convictions that limit employment and wellbeing.
Health & Social Consequences
- Hospitalisations for drug poisoning exceed 500 per year, and stimulant-related cases have grown six-fold since the mid-1990s.
- Over 1,200 overdose deaths occurred between 2016–2024.
- Substance dependence strongly correlates with long-term benefit receipt and poverty.
- Drug harm rankings show alcohol as the most damaging substance overall—worse than most illegal drugs.
Public and Expert Support for Reform
- 2022 polling: 68 % of New Zealanders support rewriting MoDA for a health-based approach.
- UN and global health experts now widely endorse decriminalisation and regulated supply to improve human-rights outcomes.
- Coroners, the Law Commission, and the Human Rights Council have all urged review of NZ’s outdated laws.
Proposed Path Forward
The Foundation recommends:
- Repeal and replace MoDA with a new Act administered by the Ministry of Health.
- Decriminalise personal possession and use, redirecting police and courts toward diversion, education, and treatment.
- Establish a licensing framework to regulate lower-risk substances and enable harm-reduction services (e.g., drug checking, supervised consumption).
- Embed Te Tiriti o Waitangi principles to ensure Māori leadership and equity in policy and service design.
- Create an independent, evidence-based authority to regulate substances and adapt swiftly to emerging drugs.
Conclusion
The report paints a stark picture: Aotearoa’s drug laws have created harm rather than prevented it. After five decades of prohibition, the Foundation argues that a shift toward regulation, public-health interventions, and Māori-led solutions is the only way to make drug laws “safer for all New Zealanders.”
Isn’t debt the alternative to rates rises?
Yes, and: Elected members seem to treat them the same; which is why I keep conflating them in my posts.
Popper wrote “The Open Society and Its Enemies (1945)” while at University of Canterbury:
https://en.wikipedia.org/wiki/The_Open_Society_and_Its_Enemies
This book came to mind when I wrote “… if regular people activate and push for the right things.”
https://www.youtube.com/watch?v=rAb_p5DCC3E