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  1. #1
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    Default Is the honeymoon over for Labour ?

    https://www.stuff.co.nz/business/105...of-a-rainy-day

    The numbers are starting to look very tight and business confidence is plumbing lows not seen for many many years. Its starting to look like those in business are really losing confidence in Government and when they stop spending on new projects and divert capital elsewhere, possibly overseas...

    I think the timing of the announcement regarding the whopping $2.3 billion dollar Orion aircraft is at best, unfortunate.
    Last edited by Beagle; 09-07-2018 at 05:29 PM.

  2. #2
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    Beagle ...public servants grumpy and marching in the rain instead of working

    This is interesting

    https://twitter.com/taxpayersunion/s...04677794103296
    The moment you pay top dollar for top dollar, you are hoping both the P/E and the margin is sustained indefinitely.

  3. #3
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    The P8 Posideon aircraft are about the only real option to replace the P3 Orions.
    The P8 is based on the very well known and proven Boeing 737-800ERX airframe which replaces the P3 Orion which was based on another passenger aircraft the Lockheed Electra. The first P8s when into service in 2013 in the US so it's a very current aircraft and used by the US and Australia.

    The P3 has been around since 1960 and when it is finally replaced in 2023, the RNZAF P3s the bulk of which saw initial service in 1966 will have been in service for 57 years!!!

    The moot question is whether the P8 should be weaponised given that to do so will require moving the squadron to Ohakea from Whenuapai (given that torpedo carrying aircraft really should be that near houses nor should the munitions) as this is a very costly part of the programme - and somewhat at odds with what the RNZAF actually uses the P3 aircraft currently for most of the time (SAR and Fisheries Patrol).

    On the other hand, Ron Mark looked as pleased as Punch about spending money but really looked aggrieved when someone rained on his parade by asking if the aircraft were instead of paying teachers more....

  4. #4
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    Quote Originally Posted by Rep View Post
    The P8 Posideon aircraft are about the only real option to replace the P3 Orions.
    The P8 is based on the very well known and proven Boeing 737-800ERX airframe which replaces the P3 Orion which was based on another passenger aircraft the Lockheed Electra. The first P8s when into service in 2013 in the US so it's a very current aircraft and used by the US and Australia.

    The P3 has been around since 1960 and when it is finally replaced in 2023, the RNZAF P3s the bulk of which saw initial service in 1966 will have been in service for 57 years!!!

    The moot question is whether the P8 should be weaponised given that to do so will require moving the squadron to Ohakea from Whenuapai (given that torpedo carrying aircraft really should be that near houses nor should the munitions) as this is a very costly part of the programme - and somewhat at odds with what the RNZAF actually uses the P3 aircraft currently for most of the time (SAR and Fisheries Patrol).

    On the other hand, Ron Mark looked as pleased as Punch about spending money but really looked aggrieved when someone rained on his parade by asking if the aircraft were instead of paying teachers more....
    Thanks for your post. I agree its been a phenomenal testament to the engineering capabilities of the RNZAF engineers to keep those Orion's going for so long but at what appears to be around $500m per replacement aircraft including weaponizing them that's a lot of coin when teachers, nurses and others are struggling to make ends meet. I guess the issue I have is that lets be honest, if they ever have to use those multi million dollar torpedo's we're at war and with our extremely limited ability to defend ourselves...

    I guess this is about maintaining some degree of credibility with our allies...never mind that we can't afford to have proper mental healthcare facilities and treatment programs for the tens of thousands of suicidal youth and meth addicts in N.Z. or build enough shelter for the tens of thousands of homeless..as long as we're keeping up appearance with our Allies and donating $900m odd extra to Winston Peter's slush fund for the Islands and Shane Jones $1b slush fund for the regions everything will be alright...
    Last edited by Beagle; 10-07-2018 at 11:14 AM.

  5. #5
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    Globally its been a very long honeymoon.All Bulls must end sometime as well.

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  7. #7
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    Quote Originally Posted by Joshuatree View Post
    Globally its been a very long honeymoon.All Bulls must end sometime as well.
    Rob Campbell doesn't think the end is nigh!

    https://www.nzherald.co.nz/business/...ectid=12086233

  8. #8
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    Yes we know who is throwing the dirt , the usual suspects.

    Those business confidence surveys are just a measure of political bias. The link between confidence and performance of the economy can be non existent. Amy Adams etc are doing what they do best, scaremongering and recklessly talking down the economy, desperate and dirty.

    The Helen Clark Labour govt from 2000 to 2008, business was pessimistic 88 out of 99 months and the economy GREW 3.2% a year!

    2009 to 2017 under National business was optimistic for 89 months(during the GFC and ChCH earthquake) and the economy grew about 2%

    Growth around 3% is continuing now.

    Skilled staff is a/the major common issue and who created that eh?. labour have jim bolger taskforce on board, fees free policies,apprenticeship incentives , importing skilled labour etc

    A good listen here, on National radio of course. Listenduration 16′ :12″

  9. #9
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    Some people assured me that within a short space of time after Labour won the election, (correction Labour were installed as leaders at Winston's behest despite National winning significantly more votes) that business would get used to the new Government in a few months.

    From where I sit there is considerable disquiet and the new regional fuel levy, (yes that is a new tax) has caused considerable angst. I know of one modest sized Auckland trucking company that is starring down the barrel of $1.5m extra in costs and is intending to pass them all on. Aucklanders haven't seen the half of it yet and everything that gets transported will be going up.

    Then there's their ludicrous and unceremonious curtailment of offshore oil exploration which is dramatically affecting this sector. Talk of a toilet tax for Aucklanders to pay for essential new waste treatment pipeline is simply ludicrous.

    We will see what GDP is for the second quarter in due course and this current quarter much later this year. The sense I get is this government is leaving us up the creek without a paddle. Plenty of money for their pet projects and of course to pay the $900m bribe to Winston to buy themselves into power and Shane Jones slush fund, no problem. I for one expect a fairly dramatic reduction in the GDP growth rate in the year to June 2019. A miserable 1.0 - 1.5% would not surprise me in the slightest.
    Last edited by Beagle; 10-07-2018 at 02:46 PM.

  10. #10
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    Typical fear mongering from a national slant.

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