At his party's recent conference, ACT leader David Seymour made the case for reducing the size of Parliament. But smaller government doesn't always equal small government, Liam Hehir writes, arguing that doubling the number of MPs could be a better call.
Precinct Properties New Zealand says the Commercial Bay project in downtown Auckland will be completed a little later than scheduled but is still backing contractor Fletcher Construction to complete the $1 billion development.
The New Zealand dollar held near a two-and-a-half year low as global investors remained nervous about risk-sensitive assets after Turkey's recent woes put the spotlight back on emerging markets.
Here's my pick of the news links and quotes from around the political economy here and globally this morning.
Iwi leaders have rejected the government’s plans for a new Māori working group on fresh water management. BusinessDesk's Gavin Evans reports.
With the news a Queen’s Counsel will head the investigation into the leak of MPs’ expenses, the affair has taken on added significance. National appears confident the leaker isn’t one of their own, but a definitive answer may be hard to find, as Sam Sachdeva writes.
Last month New Zealand on Air announced $31 million in funding to broadcasters, but National MP Melissa Lee says there is not enough scrutiny over how that money is spent, Thomas Coughlan reports.
Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment.
Insurance Australia Group's full-year earnings in New Zealand almost doubled despite cyclones earlier this year pushing natural peril claims beyond expectations for a second year running.
NZX first-half earnings fell as it lifted spending as part of a plan to position itself for future growth. It will return cash from the sale of non-core assets to shareholders as a special dividend.
New Zealand house sales were largely flat in July as activity in the dominant Auckland market settled down in what's typically the quietest winter month.
The High Court has ruled listed firms in voluntary administration don't need to meet NZX's continuous disclosure obligations designed to protect the integrity of trading.
Here's the key news links from around the political economy this morning with a few key quotes.
The New Zealand dollar fell as fears over Turkey's financial woes eased after the nation's finance minister said his government will protect its currency which has been in freefall for the past week.
Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash.
Economists agree the risk of a New Zealand rate cut is real but most don’t actually expect it to happen.
Dr Bryce Edwards of Victoria University of Wellington puts forward the left wing case in favour of protecting and extending political freedoms in order to bring about a more socially just world.
BlueScope Steel-owned NZ Steel is being undercut by Malaysian products dumped in the local market, says the Ministry of Business, Innovation and Employment.
The poorest performing iwi investment in recent years has come from farming, which is often favoured for cultural rather than economic considerations, according to the latest annual ‘Iwi Investment Insights’ report by ANZ Bank New Zealand.
A war of words has erupted between National and the Government over the falling value of the Kiwi dollar, Thomas Coughlan reports.
Trustpower is to acquire about 1,400 commercial power accounts after Opunake Hydro opted to quit the retail market citing tough competition.
Fonterra Cooperative Group's new chair John Monaghan says the dairy giant's biggest challenge is to change the law which forces it to accept milk from any farmer and sell it to rivals at a subsidised price, according to a report in Dairy News.
The acting chief executive for the Ministry of Business, Innovation and Employment, Carolyn Tremain, has been confirmed as the permanent replacement for David Smol, who left the position more than a year ago.
PGG Wrightson, which is selling its dominant seed and grain business, posted record full-year earnings but lowered its final dividend payment to shareholders, saying it was eyeing reinvestment opportunities.
Spark New Zealand has secured exclusive rights to Premier League football in the UK as it builds out a suite of content for the live-streaming sports service it plans to roll out early next year.
The New Zealand dollar held near a two-and-a-half year low as investors remained nervous about Turkey's financial crisis, which has weighed on other emerging markets but has yet to spread to Europe's banking system.
Here's my pick of the news links from around the political economy this morning.
New Zealand risks falling further behind in its infrastructure development unless it can adopt new tools for funding development and better prioritise the work needed, Chapman Tripp says.
Pre-qualification for KiwiBuild homes opened on Monday, with Kiwibank swiftly announcing a new home loan catering to prospective buyers, Thomas Coughlan reports.
The Greens have won a big concession from the One Billion Trees programme, forcing Shane Jones to accept that two-thirds of the trees planted will be natives, Thomas Coughlan reports.
The government is hinting it will lift the $25 a tonne upper limit on the price of a New Zealand Unit of carbon dioxide in the Emissions Trading Scheme, in an announcement following hard on a doubling of funding for government tree-planting. Pattrick Smellie reports.
The One Billion Trees programme will receive a $240 million boost from the Provincial Growth Fund.
BlueScope Steel's two Kiwi businesses, New Zealand Steel and Pacific Steel, delivered an 84 percent lift in underlying earnings in the year to June 30, outstripping strong gains across the rest of the multi-national Sydney-based business and delivering the highest return on capital in the group.
New Zealand's food prices rose in July, once again led by higher prices for takeout and restaurant meals and echoing strong activity in the hospitality sector in a separate indicator of services.
Flyer documents are being sent out to buyers who will receive information memorandums for the business next month, with the hope a sale is finalised by Christmas, the newspaper said without detailing where it got the information. The newspaper named buyout funds such as Lone Star, which owns building materials firm Arclin, Bain Capital and Platinum among potential buyers.
Z Energy is considering a six-year, unsubordinated, secured, fixed rate bond offer just as $150 million of existing notes are due to be repaid.
Contact Energy, the country’s second-largest gas and power retailer, says full-year profit fell 13 percent as low hydro storage increased its energy costs and tough competition kept pressure on retail margins.
The New Zealand dollar dropped below 66 US cents for the first time in more than two years as Turkey's economic woes saw the Turkish lira sink by almost a quarter, sending ripples through broader financial markets.
Former MP Peter Dunne has seen many business cycles while in Government. He says Jacinda Ardern should genuinely listen to the business whiners and naggers, not just pay lip-service to hearing their concerns.
Here's my pick of the links from from news and analysis sites around New Zealand and the world at 8 am this morning, with the key quotes in the article.
Coming up in the political economy this week:
Technology columnist Richard MacManus is wary of alarmist talk that digital devices are completely 'rewiring' childrens' brains, but argues parents should take an active approach to managing use of these devices.