By the time the NZD reach 5 cents US we'll all be milking. Like a one-eyed car salesman Michael Cullen waxed lyrically about the credits he got from the IMF report, and either ignored or slagged them for the criticisms. The parallels between the dialogue opening up between North Korea and the US and the NZ governement and business are haunting. They both involve a socialist party desperate for foreign capital. Higher wages for some because of privileges conferred by dubious regulatory protection is a rort deserving of public political backlash.
Most stock investors get less than average returns.
When you look at their behaviour it's easy to see why. A banana republic is a place where the currency keeps falling and in response the peasants have to plant more bananas just in order to make the same income. A new report suggests its the Maori model of socirty that is causing low success rates amongst too many Maori. Most societies evolve over time. Increasingly the Treaty is being used to freeze dry a Stone Age model of Maori society with its denial of both private property rights and meritocracy.