Jacinda and Grant are heroic when it comes to big calls in the midst of crisis, but when it comes to actual progressive reform, they are as Bernard Hickey points out, still peddling tinkering rather than transformative change…
The global response to Covid-19 has turbo-charged this doom loop with over US$26tn of fresh government spending and central bank money printing, most of which went directly to corporates and asset owners in the form of grants, much higher asset prices and lower borrowing costs.
The numbers are just as obvious here. The Reserve Bank has printed just over $52bn to lower mortgage rates, which has lifted the value of property assets by more than $400bn. The government handed over $16.6bn to businesses during Covid to convince them not to sack staff. It worked, but it also meant businesses have banked an extra $20bn over the last year. Many businesses were backed by government guarantees, policy changes and subsidies, including for aviation, freight, selected
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Senator Ali Ndume is a lawmaker never shy to throw his hat in the ring anytime the issue of Boko Haram is raised for conversation.
Marked by unrestrained destruction of lives and property, the Boko Haram insurgency in North-east States of Borno, Adamawa, and Yobe has been a gory tale stretching over a decade.
This sad experience has also seen to the displacement of over a million people in some towns and communities in the troubled States.
And, beyond this is the pitiable breakdown of social and economic activities.
Ndume literarily wept last week as he, again, took the driver’s seat to lament the Boko Haram insurgency, a conduct typical of his many contributions on the floor of the Red Chambers of the National Assembly (NASS).