Great stuff for dim-wits – the so-called news from Parliament is that tax is on the Government agenda

January 19, 2010

Alf was jolted awake this morning by the babblings of a Radio New Zealand news reader.

This news reader earnesstly told the country:

Tax is back on the Government’s agenda for the start of 2010, with a tax working group due to issue its final report on Wednesday.

Back on the Government’s agenda?

When was it taken off the bloody agenda?

The issue was big deal when the government set up the working party in March last year and – Alf is assured when he raises the matter at caucus meetings – it remains big deal.

Read the rest of this entry »


Here’s hoping China has given up data massage

May 24, 2009

Some sobering stuff from The Economist (yep, even for Alf).

It muses on whether China is overstating its true rate of growth. There are big implications for the world economy if it is – when much of the rest of the world is in or is going into recession, it’s cheering to know some countries are still recording economic growth.

Especially a major country, like China (our second-biggest export market).

Part of the recent optimism in world markets rests on the belief that China’s fiscal-stimulus package is boosting its economy and that GDP growth could come close to the government¹s target of 8% this year.

Some economists, however, suspect that the figures overstate the economy’s true growth rate and that Beijing would report 8% regardless of the truth. Is
China cheating?

Read the rest of this entry »