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Breakfast briefing; Fighting inflation will have a painful cost
But, the month-on-month rise was running at a slower rate. Department stores had the largest month-on-month rise, up +5.1%, followed by cafes and restaurants. The UST 10yr yield starts today -10 bps lower from this time yesterday at 3.10%. The Australian ten year bond is -9 bps lower at 3.69%. The Kiwi dollar will open today lower at 62.2 USc.
Source:New Zealand Herald
June 29, 2022 22:10 UTC
Final day of DHBs: New organisation in charge of your healthcare from tomorrow
This Friday marks a watershed moment in New Zealand healthcare as all 20 DHBs are abolished and replaced by a new nationwide entity called Health NZ. "This whole reform is about patients getting the right care, close to their home and in the right place – so that should be the main focus." These communities will also have to be assured of the necessary resources to improve health outcomes no matter where they are. Another key change will come in the shape of the Māori Health Board, which will be committed to working with Health NZ to improve health outcomes for New Zealand's Māori population. "In New Zealand, Māori people have worse health outcomes than non-Māori people," says Murton.
Source:New Zealand Herald
June 29, 2022 22:03 UTC
Collapsing mortgage demand hammers New Zealand house prices
The Reserve Bank of New Zealand’s latest mortgage data shows that buyer demand continues to plummet following aggressive interest rate hikes that have pushed key mortgage rates to between 5% and 6.5%:The value of mortgage commitments fell 29% in the year to May 2022, according to the RBNZ. “People taking on mortgages now are committing to having an average of 33 per cent of their income tied up in mortgage repayments for the next 25 years or longer,” [Infometrics Chief Forecaster Gareth Kiernan said]. This figure is considerably higher than the 21 per cent that prevailed through the 2000s and 2010s… The second factor related to the expected increase in the value of the property over the life of the loan. This will place additional downward pressure on house prices, which have already fallen 9.1% nationally since November 2021. After experiencing one of the world’s biggest house price booms over the pandemic, New Zealand is now facing one of the biggest price busts.
Source:Stuff
June 29, 2022 19:02 UTC
Thousands eye NZ move after Supreme Court ruling
Abortion rights activists demonstrate outside the US Supreme Court in Washington this week. Photo: ReutersThousands of Americans have visited New Zealand immigration websites in the wake of the Supreme Court's controversial decision on abortion law. The Supreme Court struck down the Roe v Wade decision overturning a 50-year-old decision that legalised abortion on a federal basis, meaning that individual states are now able to ban the procedure. Its website views, combined with those for Immigration New Zealand itself, reached 77,000 - almost quadruple the April comparison number. Britain and the United States accounted for more visits to the Immigration website after the 2016 presidential vote than the next 13 countries combined, including China and India.
Source:Otago Daily Times
June 29, 2022 18:21 UTC
Grave concerns: Police called over mystery dirt mound at cemetery
A police probe was launched into a mystery mound of dirt that appeared at a Waikato cemetery. Ngāruawāhia Cemetery was closed for two days as police examined an unexplained mound of dirt. The Waikato District Council announced on social media on Thursday that the Jackson St cemetery would be closed to the public due to a “police matter”. A police spokesperson confirmed police had conducted a scene examination in relation to an unexplained mound of dirt in the cemetery but offered few details. “Nothing untoward was found and the matter has been closed.”The cemetery would reopen on Wednesday.
Source:Stuff
June 29, 2022 17:08 UTC
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Rugby: Māori All Blacks and Ireland pay tribute to late rugby star Sean Wainui
Ireland and the Maori All Blacks paid tribute to late rugby star Sean Wainui. Video / Sky SportIreland and the Maori All Blacks paid tribute to late rugby star Sean Wainui. Video / Sky SportThe Māori All Blacks and Ireland paid tribute to late Kiwi rugby star Sean Wainui ahead of their clash in Hamilton on Wednesday evening. Bundee Aki presents an Ireland jersey to the family of the late Sean Wainui. Photo / GettyThe family of the late Sean Wainui walk with an Ireland jersey following a tribute before the match.
Source:New Zealand Herald
June 29, 2022 13:40 UTC
NZ shares fall as market rally evaporates
The MarketsNZ shares fall as market rally evaporatesNew Zealand's headline share index fell on Wednesday as a global equity rally that started the week lost momentum with investors unwilling to bid up stocks ahead of an economic slowdown. Wednesday, June 29th 2022, 7:11PMby BusinessDeskThe S&P/NZX 50 Index fell 60 points, or half a percent, to 10,958.81 Turnover was $112 million. In NZ, Tourism Holdings led the benchmark index lower with a 4.7% drop to $2.23 followed by outdoor retailer KMD Holdings which fell 4.4% to $1.10. Other stocks chalking up 3% losses included specialist lending stock Heartland Group Holdings, stock market operator NZX, and electricity company Genesis Energy. The NZ dollar was trading 62.51 US cents at 3pm in Wellington, down from 62.96 cents yesterday.
Source:Stuff
June 29, 2022 13:19 UTC
Kroger announces the official opening of the CFC in Pleasant Prairie
H-E-B bests Amazon as dunnhumby’s top U.S. e-grocerTexas grocer H-E-B inched past e-tail giant Amazon as the top-ranked U.S. online grocery retailer in the inaugural dunnhumby eCommerce Retailer Preference Index (RPI). Source: aldipresscentre.co.ukNew Zealand: Supie hopes to raise up to $5mln through Snowball EffectOnline-only grocery retailer Supie is hoping to raise up to $5mln from the public to help its Auckland expansion. The supermarket chain now has 235 hypermarkets, shopping malls and fulfillment centres across 12 countries including the GCC, India, Malaysia, Indonesia and Egypt. Source: businesswire.comPoland: Eurocash subsidiary Euro Sklep celebrates 25th anniversaryPolish retailer Eurocash Group has announced that its franchise chain Euro Sklep is celebrating its 25th anniversary this year. Source: esmmagazine.comBritons seek cheaper food in 'unprecedented' cost of living crisis - Sainsbury'sCash-strapped Britons are buying more cheap frozen food to help cut waste and cope with "unprecedented" soaring living costs, the boss of supermarket group Sainsbury's told Reuters.
Source:Stuff
June 29, 2022 12:34 UTC
Chemist Warehouse about to set up in Meridian Mall
Chemist Warehouse is coming to Dunedin’s Meridian Mall. A business owner in the mall, whom the ODT has agreed not to name, confirmed the discount pharmacy was due to open in August. The Chemist Warehouse would not directly compete with "more upmarket" pharmacies, they said. Another source said mall owner The Icon Group had been targeting Chemist Warehouse to move in since it bought the mall last year. The SDHB wanted to renew its lease for the vaccination centre, but was told Chemist Warehouse was moving in, they said.
Source:Otago Daily Times
June 29, 2022 12:10 UTC
NZ Herald reporter: There was anger and heartbreak in public gallery during sentencing
The driver in the horror car crash that killed five teenagers has today been jailed for two and a half years. Tyreese Fleming has admitted to dangerous driving causing the deaths last August. NZ Herald reporter Kurt Bayer told Heather du Plessis Allan there was anger and heartbreak in the High Court public gallery in Timaru. “We heard harrowing and emotional victim impact statements which were read to the court. Telling the parents of things, grandparents, aunties of their loss and grief of losing such young lives.”Bayer says some told the driver it was a needless accident that has given all those families a lifetime sentence.
Source:New Zealand Herald
June 29, 2022 11:53 UTC
Property Management Scum target beneficiaries – why rent strikes & burning ghost houses is a start
Auckland’s Sugartree Apartments accused of discrimination over ‘social housing’ banAn Auckland apartment complex is accused of discriminating against beneficiaries after trying to force out a 71-year-old tenant amid claims he is the recipient of “social housing”. Here the Property Management scum are targeting beneficiaries while constantly trying to find ways to endlessly push up rents. A nationwide rent strike with clear instructions to the landlords to get the rent paid by Labour would terrify this nation of property speculators and their political handlers. Scum Landlords can do as they please because the level of desperation amongst renters gives them total power. Flooding the market with 50 000 new state houses would rob scum landlords of that desperation.
Source:Stuff
June 29, 2022 11:36 UTC
Daily review 29/06/2022
Written By: notices and features - Date published: 5:30 pm, June 29th, 2022 - 58 commentsCategories: Daily review - Tags:Daily review is also your post. This provides Standardistas the opportunity to review events of the day. The usual rules of good behaviour apply (see the Policy). Don’t forget to be kind to each other …Share this: TwitterFacebook
Source:New Zealand Herald
June 29, 2022 11:13 UTC
Government investigation into anti-queer discrimination at schools a 'top priority'
The government is making an investigation into anti-queer discrimination in schools a “top priority”, after concerns were raised that some Christian educators had incorporated policies harmful to LGBTQI students. ”This is my absolute top priority, to ensure all young people are safe in our schools,” Tinetti said Wednesday. This week, three more state-integrated Christian schools were identified as having similar discriminatory and anti-queer language: Maranatha Christian School in Lower Hutt, Cornerstone Christian School in Palmerston North, and Matamata Christian School. A similar process of government intervention could soon occur at other schools, said Tinetti, depending on what the ministry investigation discovered. Queer rights advocate Shaneel Lal said it was imperative for the government to check how the rainbow community was being treated in all New Zealand state-integrated schools, highlighting that anti-queer beliefs had an impact on mental health.
Source:Stuff
June 29, 2022 10:37 UTC
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Roe v Wade: Thousands eye up move to New Zealand after US Supreme Court decision on abortion law
The decision on Friday by the Supreme Court to end constitutional protections for abortion that have stood in America for nearly half a century is expected to lead to abortion bans in roughly half the states. Video / APThe decision on Friday by the Supreme Court to end constitutional protections for abortion that have stood in America for nearly half a century is expected to lead to abortion bans in roughly half the states. Video / APBy Gill Bonnett of RNZThousands of Americans have visited New Zealand immigration websites in the wake of the Supreme Court's controversial decision on abortion law. The Supreme Court struck down the Roe v Wade decision overturning a 50-year-old decision that legalised abortion on a federal basis, meaning that individual states are now able to ban the procedure. Its website views, combined with those for Immigration New Zealand itself, reached 77,000 - almost quadruple the April comparison number.
Source:New Zealand Herald
June 29, 2022 07:59 UTC