Books Not a Pretty Picture

DR Cullen -  there is “quite significant deterioration” in the books compared with the Budget in May.

A weak Economy and a higher then expected take up on the likes of Kiwi saver and the governments commitment to provide 20 hours a week of free early child-hood education, While treaty of wiatangi will bring even more anticipated expenditure “The debt track is not a pretty picture, I think one would say,” Doctor Cullen said.

Now the Books are deteriorating Doctor Cullen appears to be uncomfortable with knowing that his government has conceded that the debt target of under 20% will be exceeded indicating tight times for any ruling political party in power over the next three year term

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New Zealands Current Accounts

The Balance of Payments statements set out a country’s transactions with the rest of the world. The current account balance is the sum of the balances of trade in goods and services, current transfers, and investment income. More simply, the current account measures what a country saves minus what it spends or invests. The graph shows that since 1990, New Zealand has been a net borrower. Thus, the current account deficit has reflected the amounts of other countries’ savings that New Zealand has had to borrow, in order to finance spending. The last time that New Zealand was a net saver - that is, had a current account surplus - was 1973.
Data from 1970 is available in Excel by selecting the download data

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Stevie Wonder Cancels the New Plymouth Bowl Of Brooklands

Stevie Wonder has canceled the Bowl of Brooklands as date with United States presidential election celebrations proves to be bigger draw .

The US music legend was booked to play the Beautiful location of the Bowl of Brooklands on November  1st , and has stated that the presidential elections as the main reason for canceling  half of the 4 planned shows the other being Auckland on the 31st

The united State presidential election culminates on November 4th

Stevie Wonder with Obama

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Can New Zealand Stem the reducing Tourist Numbers

Numbers Going Down

New Zealand Accommodation tourism businesses face a tough winter as industry bosses warn of flat trading as the high kiwi dollar and economic woes thump global visitor spending.

Tourism Minister Damien O’Connor and Tourism New Zealand boss George Hickton were in Christchurch yesterday to prepare traders for what lies ahead, because of the world-wide credit crunch.

“I think it will be tougher. It would be hard to pick at this stage but I’d certainly be surprised if we got any growth in the winter,” Hickton said before the briefing.

“The ski season is lining up OK, and next year we’ll probably have a reasonable summer again … but I think we’ll get one or two months this winter which are a bit tough,” Hickton said.

Negatives included the continued fall in visitors from Japan and South Korea, and higher demand for aircraft around the world constraining the number of seats to New Zealand.

Higher oil prices and falling house prices were reducing discretionary spending of consumers, particularly in North America and Europe.

Most traders were expecting a flat season, with competition getting more intense, O’Connor said. “They are concerned about whether they should plan for growth or whether they should try and make better use of the (visitor) numbers they are currently getting.”

Technorati Profile

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Time for a change New Zealand needs a New Direction?

I saw a great Headline the other Day it went Like this

500 Billion Dollars and 3000 days what could you do with that!

Cullen

Well I know I wouldn’t be 14 billion in debt!

Labour has failed to deliver on many of its election Promises

Cheaper Housing, Better Health, Better Education, Honesty, More Employment Tougher Sentencing, The Criminal Proceeds Bill, which was promised before the 2005 election. The Corrections Amendment Bill, which was introduced in June 2007 by their fifth Corrections Minister. The Legal Services Amendment Bill, which Justice Minister Annette King said would be introduced in May and passed soon after, but which is still to have its first reading. Electronic bail legislation, which Helen Clark announced in June, but which has yet to appear before Parliament. The amendment to the Domestic Violence Act, which Annette King said would be introduced in July but which also has not appeared.

A fair review of M M P which is still to happen but why would that Happen before their last election they need all the support of all the hangers  on even if they don’t hold a seat in parliament

In the famous qoute from Prime Minister Benjamin Disraeli ” THERE’S LIES, DAMN LIES AND STATISTICS”

a quick lesson on how to temporarily reduce the work Unemployment situation, Create a social welfare programme and call it a course or even create a Wānanga

Labour is Addicted to Power No matter what the cost!

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Addicted to power no matter what!

Its Like a nightmare that wont go away for Winston Peters now, In a damning report released late last night, the privileges committee found by a majority that Peters had knowingly provided false or misleading information on a return of pecuniary interests.

The committee has recommended that Parliament today formally censure Peters for providing the false return.

And the committee has recommended that Peters be ordered to file, within seven days, amended returns for the past three years that include every gift, debt, or payment he has not already disclosed.

See full article here

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Wikipedia Watch

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This site examines the phenomenon of Wikipedia. We are interested in them because they have a massive, unearned influence on what passes for reliable information. Search engines rank their pages near the top. While Wikipedia itself does not run ads, they are the most-scraped site on the web. Scrapers need content — any content will do — in order to carry ads from Google and other advertisers. This entire effect is turning Wikipedia into a generator of spam. It is primarily Google’s fault, since Wikipedia might find it difficult to address the issue of scraping even if they wanted to. Google doesn’t care; their ad money comes right off the top.

Another problem is that most of the administrators at Wikipedia prefer to exercise their police functions anonymously. The process itself is open, but the identities of the administrators are usually cloaked behind a username and a Gmail address. (Gmail does not show an originating IP address in the email headers, which means that you cannot geolocate the originator, or even know whether one administrator is really a different person than another administrator.) If an admin has a political or personal agenda, he can do a fair amount of damage with the special editing tools available to him. The victim may not even find out that this is happening until it’s too late. From Wikipedia, the material is spread like a virus by search engines and other scrapers, and the damage is amplified by orders of magnitude. There is no recourse for the victim, and no one can be held accountable. Once it’s all over the web, no one has the power to put it back into the bottle.

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Go here here and refresh the

• Chocolate can kill dogs; it directly affects their heart and nervous system.

• On average, the Pentagon uses 666 rolls of toilet paper in one day.

• Every three seconds a baby is born somewhere in the world.

• By age 20 we lose 20% of our sense of smell. By age 60 it is 60%

• After a person dies there nails and hair continues to grow

• The average length of an orgasm for a pig is 30 minutes.

• Pneumonoultramicroscopicsilicovolcanoconiosis is the longest word in the English dictionary. It refers to a lung disease caused by inhaling particles from volcanoes.

• An elephant cannot jump.

• It would take 1.2 million mosquitoes biting you simultaneously to drain all your blood.

• Charles Darwin and Abraham Lincoln were born on the very same day: February 12, 1809.

• Porcupines float in water.

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 I cant see why this is not being Introduced In New Zealand but we just love letting a few ruin it for everyone else couple this with a soft Government which is hell bent on looking out for everyone who doesn’t follow the system or the group

Take Note Parliment

If you’re drunk in Ireland, this is for you: On-the-spot fines for being drunk.

New regulations allow gardaí to issue a fixed-penalty notice to anyone who has committed a public order offence.
The offender then has the option of either facing prosecution through the courts or of paying a one-off fixed fine.

This is 100 euro for being drunk in public or 140 euro for being drunk and disorderly.

Once issued with a fine, offenders have up to 28 days to pay.
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September 2008 will will always be remembered as the Modern worlds largest economic event America sneezed and the rest of the world got a cold

Its become very intense with 3 of the the western worlds biggest financial organizations on the verge of Collapse, One might refer to this a one Hundred year storm

Lehman Brothers founded in 1850, is one of the few currently important companies that is older than McCain, just filed for Bankruptcy, and Merrill Lynch, another American icon was forced to be acquired by Bank of America to avoid a certain global economic collapse.

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