This is edition 2024/216 of the Ten@10 newsletter.
Welcome to the Ten@10, where I collate and summarise ten news items you generally won't see in the mainstream media.
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1. Running Us Off The Rails
Chris Trotter
- The decision to cancel the iRex project by New Zealand's new conservative government was a costly and early mistake.
- 📉 Finance Minister Willis's intervention led to fiscal and administrative chaos, undermining public trust and damaging New Zealand's commercial reputation.
- 💸 Cancelling the half-billion-dollar contract with Hyundai Mipo Dockyard for advanced ferries will likely cost New Zealand close to a billion dollars.
- 🚂 National's historic bias against rail transport, favoring road interests, continues to shape policy despite economic inefficiencies.
- 🌍 The debate reflects broader global tensions between capitalist infrastructure needs and environmental sustainability concerns.
