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NZ Rugby talks up financial position despite $47 million deficit
New Zealand Rugby has reported a financial loss of almost $50 million for the year, but maintains it's in a good financial position. In its annual report presented at the AGM in Wellington today the NZR revealed a financial year loss of $47 million, a reversal of the $5 and a half million surplus of the previous year. Record revenue of $271m, up from $189m the previous year, was offset by operating expenses of $277m (up from $135m). Twenty-one million dollars was spent on women and girls' rugby specifically, excluding the World Cup, with an increased investment in the Black Ferns and Super Rugby Aupiki's inaugural year. "The Silver Lake transaction allowed us to inject nearly $40m into our community clubs, provincial unions, Super Rugby clubs, our players' pool, associate members and Māori rugby, while also increasing our investment in women's rugby," said Robinson.
Source:Stuff
April 27, 2023 07:41 UTC
Increased air fares fuelling Air NZ's return to profit
Air New Zealand executive Iain Walker said several factors were behind the surge in air fare prices. On Thursday, the company posted improved guidance to the stock exchange, raising expected earnings by tens of millions of dollars. The improved earnings and demand come as Kiwis are paying more for airfares. Air New Zealand executive Iain Walker said several factors were behind the surge, including "demand, fuel prices, higher supplier costs, increased cost of labour, and general inflation". The earnings guidance this week showed the airline would remain profitable in the first half of this year.
Source:New Zealand Herald
April 27, 2023 07:27 UTC
Stuff to put up paywalls for news sites
Stuff has put almost all its news and content online for free since launching stuff.co.nz in 2000. It is also unclear whether significant local stories from three three mastheads with paywalls will be available to online readers nationwide without local subscriptions. One month later Stuff launched a drive to get online readers to support its journalism with donations. Business publication NBR put up a full online paywall in 2014 and eventually ditched its print edition altogether in 2020. That left Stuff as the last publisher without a paywall to get revenue from online readers - until now.
Source:Stuff
April 27, 2023 07:20 UTC
Stuff to put up first paywalls for news
Stuff has put almost all its news and content online for free since launching stuff.co.nz in 2000. It is also unclear whether significant local stories from three three mastheads with paywalls will be available to online readers nationwide without local subscriptions. One month later Stuff launched a drive to get online readers to support its journalism with donations. Business publication NBR put up a full online paywall in 2014 and eventually ditched its print edition altogether in 2020. That left Stuff as the last publisher without a paywall to get revenue from online readers - until now.
Source:Stuff
April 27, 2023 06:34 UTC
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Did Ted Lasso pave the way for Ryan Reynolds’ Welcome to Wrexham success?
Welcome to Wrexham is streaming on Disney +. Jason Sudeikis thinks Ted Lasso could have helped Welsh and English football fans become “enthusiastic” about having Hollywood owners. I don’t know if it’s wildly ubiquitous, but it certainly has helped Wrexham out!”Jason Sudeikis thinks Ted Lasso could have helped Welsh and English football fans become 'enthusiastic' about having Hollywood owners. He added: “We absolutely have the cast that is fully capable of doing a musical, which I am very proud of. And I mean that in the best possible way, she’s absolutely who you want but just about all the way down, I don’t think there’s anyone who cannot carry a tune!”
Source:Stuff
April 27, 2023 05:37 UTC
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Herald afternoon quiz: April 27
Which Kevin Costner film won the Best Picture Oscar in 1990? Photo / GettyWhich Kevin Costner film won the Best Picture Oscar in 1990? These questions were prepared with the help of the artificial intelligence chatbot, Chat GPT. Test your brains with the Herald’s afternoon quiz. Be sure to check back on nzherald.co.nz for the morning quiz tomorrow.
Source:New Zealand Herald
April 27, 2023 04:30 UTC
An Open Letter To Parliament From Basic Income New Zealand
A Basic Income is a weekly payment, received by everyone living in Aotearoa New Zealand, independent of employment, and personal circumstances. After an emergency, such as a cyclone or earthquake, people will continue to receive Basic Income payments and will not lose all their income. Critics of Basic Income will ask: How can we afford Basic Income payments? A growing number of politicians and economists support Basic Income [7, 8, 9, 10, 11, 12]. Best regards,Te Utu Tika Hei Oranga i Aotearoa – Basic Income New ZealandYou can sign a Basic Income Petition:https://our.actionstation.org.nz/petitions/introduce-a-basic-income-in-aotearoa-new-zealandReferences:[1] https://www.beehive.govt.nz/releases[2] https://www.stuff.co.nz/business/129384549/bumper-revenues-but-only-4-of-wage-subsidy-returned[3] https://www.newshub.co.nz/home/politics/2023/03/growing-anger-from-people-unable-to-contact-ministry-of-social-development-for-help.html[4] https://www.newshub.co.nz/home/new-zealand/2023/02/single-mother-on-benefit-says-penalties-for-getting-into-relationships-are-dehumanising-and-embarrassing.html[5] https://www.cpag.org.nz/statistics/latest-child-poverty-figures[6] https://www.stuff.co.nz/business/money/300652199/cost-of-living-payment-made-to-780000-fewer-people-than-expected[7] https://www.washingtonpost.com/magazine/2022/10/24/universal-basic-income/[8] https://www.bloomberg.com/news/articles/2022-09-28/for-more-than-20-guaranteed-income-projects-the-data-is-in[9] https://www.economist.com/finance-and-economics/2021/03/02/might-the-pandemic-pave-the-way-for-a-universal-basic-income[10] https://www.commondreams.org/views/2017/10/04/how-fund-universal-basic-income-without-increasing-taxes-or-inflation[11] https://basicincome.org/news/2017/11/ellen-brown-fund-universal-basic-income-without-increasing-taxes-inflation/[12] https://basicincometoday.com/eleven-nobel-laureates-who-have-endorsed-universal-basic-income/© Scoop Media
Source:Stuff
April 27, 2023 04:15 UTC
BREAKING: Thomas Piketty reads Tax report and urges David Parker to do something meaningful
The greatest Left wing critique of Capitalism since Marx, Thomas Piketty read David Parker’s tax report and said the following……if Thomas Piketty can see it, why can’t the Labour Party of NZ? The report clearly shows the economy has been rigged for the rich – if you are not incandescent with rage over that betrayal – you are the problem! There’s no point making workers pay more to rebuild our resilience, tax the rich! TDB Recommends NewzEngine.com-Sugar Tax-Inheritance Tax-Wealth Tax-Financial Transactions Tax-New top tax rate on people earning over $300 000 per year. What’s the point of Bread and Butter politics of no one can afford to buy Bread or Butter?
Source:Stuff
April 27, 2023 04:09 UTC
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Air NZ lifts earnings guidance on strong demand
Photo / Grant BradleyAir New Zealand has lifted its earnings guidance range for the current financial year on the back of strong domestic and international demand. The airlines are Air Canada, American Airlines, Air New Zealand, Delta Air Lines, Hawaiian Airlines, Qantas and United Airlines. Auckland Airport is set to have four airlines running direct flights to and from Los Angeles for the summer season (Air New Zealand, American Airlines, Delta Air Lines and United Airlines). Air Canada has also announced a 20 per cent expansion of capacity on its summer seasonal air route between Vancouver and Auckland. They are Air China, Air New Zealand, China Eastern Airlines, China Southern Airlines and Hainan Airlines.
Source:New Zealand Herald
April 27, 2023 03:06 UTC
How do you tackle profit-led inflation that's 'driven by spin, not substance?'
The UK-based Donovan describes the first two waves of inflation as transitory inflation for durable goods, and commodity inflation. Donovan says many developed economies are experiencing profit-led inflation in specific sectors of the economy citing the UK milk market as a recent example. "While large companies are often, rightly, criticized for this profit-led inflation, it can just as easily be small businesses. Some have strong, cyclical pricing power so higher demand means higher prices and higher profit margins. Political concerns about profit-led inflation have been gradually increasing in volume on both sides of the Atlantic."
Source:Stuff
April 27, 2023 00:45 UTC
Rugby News: Razor open to 'Richie Rule', worrying reason for NZR's $43m loss, RWC draw farce addressed
That included spending on the Rugby World Cup in NZ and Super Rugby Pacific. The cost of the World Cup will raise keen interest in Australia, with RA due to host the women’s tournament in 2029. AdvertisementNZR Chair Dame Patsy Reddy said 2022 had been a challenging but historic year for rugby in NZ, led by the Black Ferns Rugby World Cup success and the country’s support of women’s rugby. It is an exciting time to welcome our new Board members.”WR to tackle draw flawWorld Rugby’s chief executive Alan Gilpin has acknowledged issues with the World Cup draw and says they will be addressed in future. “We hope it could be in place for the World Cup,” Gilpin added.
Source:Stuff
April 27, 2023 00:32 UTC
At some stage NZ Media are going to have to start questioning Green Party List
It’s been 3 days since The Daily Blog asked questions about how someone who legally challenged marine reserves can protect those marine reserves. How did someone who challenged marine reserves in the interests of the fishing industry get placed ahead of actual Greenpeace activists like Steve Able? The mainstream media couldn’t rip that National Party muppet up for liking a gross joke fast enough, yet no intellectual curiosity over this at all? At some stage NZ Media are going to have to start questioning Green Party List right? If you can’t contribute but want to help, please always feel free to share our blogs on social media
Source:New Zealand Herald
April 26, 2023 23:21 UTC
Surprise, surprise – the NZ Tax system is rigged for the rich
Surprise, surprise – the NZ Tax system is rigged for the rich…Richest Kiwis effectively pay lower tax rate than ordinary NZers – reportNew Zealand’s richest families pay a lower effective rate of tax – over their whole income – than middle-income earners, two new government reports have found. Treasury found the general population pays an effective 20.2% tax rate across all income sources. …you know the system is rigged, I know the system is rigged, they know the system is rigged. It’s the Great NZ Tax Cut Scam that never actually fixes the problem! -Sugar Tax-Inheritance Tax-Wealth Tax-Financial Transactions Tax-New top tax rate on people earning over $300 000 per year.
Source:New Zealand Herald
April 26, 2023 21:56 UTC
The story behind viral video of 80-year-old grandma shopping for wedding dress
Good Morning America published this video item, entitled “The story behind viral video of 80-year-old grandma shopping for wedding dress” – below is their description. Danielle Jefferson posted a now-viral TikTok video of her grandma Janet Merryman finding her wedding dress. Good Morning America YouTube ChannelGot a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
Source:New Zealand Herald
April 26, 2023 20:40 UTC