Smiths City was founded in Christchurch in 1918 and is a long-standing name in New Zealand retail, selling home appliances and furniture. The company has been under increasing financial pressure, with sales continuing to fall despite store closures and downsizing measures.
Wealth accumulates where people create value, meaning great fortunes reflect service, not selfishness. That’s why taxing fortunes undermines prosperity.
Just when this trend looks like it might gradually make housing more affordable, with immense social benefits and, apparently, considerable benefits in improving our disappointingly poor record in productivity growth, the prime minister panics.
The development is expected to create around 1000 jobs and add $11 billion to the country’s GDP.
Grant Robertson, the former finance minister, expressed regret for not borrowing more.
Rail freight could slash those costs, but decades of neglect combined with the duopoly’s trucking dominance has left rail on life support.
The great author/philosopher Eric Hoffer once said, “Every great cause begins as a movement, then becomes a business, and eventually degenerates into a racket.”
Government set to fall amid bankruptcy worries.
If Gen X are losing the habit of spending significant money on things, and Gen Z is not adopting the habit at all, how will the economy grow?
It must also have helped that it was an economics study, not a medical one. According to the methods section of the paper, it had ethical oversight from the University of Oxford Economics Department. I don’t suppose that department is overflowing with expertise in medical ethics.
A family member of a long-term Christchurch worker told Chris Lynch Media staff had no warning when they arrived at work. “Everyone up and down the country, every location is going through the same.”
Washington’s response reveals who ran the swamp.
Taxes are a form of social control. They are a proxy measurement for how much of each year you are working as a slave. A slave is a slave in the mind first.
Chris Penk says the building sector has the potential to be an economic powerhouse, yet productivity has stalled since 1985 despite major advances in building methods and technology.
