The Finance Minister says the Government will cover the ten billion dollar cost of the Christchurch earthquake by borrowing more rather than cutting spending or putting up taxes.
The Government's response to the Canterbury earthquake, and the South Canterbury Finance bail-out and republicanism.
Returning now to the emergency finance package for Christchurch businesses, which the Prime Minister announced this afternoon.
A photograph of members of the Wellington Emergency Management Office Emergency Response Team inspecting the Southern Finance Ltd building on Montreal Street.
Finance Minister Bill English, and the Civil Defence Minister John Carter have a news conference at the Beehive theatrette.
A photograph of members of the Wellington Emergency Management Office Emergency Response Team examining the Southern Finance House on Montreal Street. Silt from liquefaction covers the footpath in front.
The Government has announced a 120-million dollar finance package to help workers and businesses hit by last week's Christchurch earthquake.
The Finance Minister, Bill English, says the Christchurch earthquake means the New Zealand economy is unlikely to grow this fiscal year.
A photograph of members of the Wellington Emergency Management Office Emergency Response Team examining the Southern Finance Ltd building. Silt from liquefaction covers part of the footpath and road.
A man sits in an armchair in the ruins of his house with his wife beside him. A man carrying a briefcase marked 'EQC' has come to make an insurance assessment and says 'Unfortunately, this is a North Canterbury collapse - so you'll only get your first $100,000 back'. Context; the Christchurch earthquake of 4th September and the collapse of the South Canterbury Finance Company. Quantity: 1 digital cartoon(s).
The cartoon's title is 'Life in the South Island'. A man wonders aloud to his wife when the 'plague of locusts' will arrive as they have had 'collapsing finance companies, earthquakes' and 'heavy snow damage'. Refers to the collapse of South Canterbury Finance, the earthquake of 4th September, and more recently, heavy snow in Southland that has caused roofs to collapse. Quantity: 1 digital cartoon(s).
Photograph captioned by Fairfax, "Finance Minister Bill English visits with Cafe Valentino's owner Michael Turner after the Christchurch earthquake. Valentino's is reopening Friday 17th September".
A man and woman read the paper and watch the news on television. The man says 'Roll on 2011' after reading the long list of disasters in New Zealand in 2010. They are 'Blizzards, South Canterbury Finance, Earthquakes, kiwifruit, Pike River' The TV announcer is discussing 'road deaths'. Quantity: 1 digital cartoon(s).
The Treasury is forecasting the Christchurch earthquake will slow economic activity and the Finance Minister says the forecast 11-billion dollar Budget deficit this year will also climb.
A video of an address by Raf Manji, Finance Spokesperson at the Christchurch City Council, at the 2015 Seismics and the City forum. In this talk, Mr. Manji shares his take on the progress of the rebuild, positive signs of advancement and what's in the pipeline; and how the main obstacles can be resolved.
The declaration by the Finance Minister that all spending is now under review has prompted warnings that the Christchurch earthquake should not be used to push through unpopular policies.
Finance Minister Bill English takes a chain saw to a huge tome that represents the 'NZ Government BUDGET May 2011'. Context - the Government says cutting budget spending is necessary because it is going to have to pay back money borrowed to rebuild Christchurch. The Government will face the biggest budget deficit in New Zealand's history at the end of the current financial year, Finance Minister Bill English says. (NZ Herald 31 March 2011) Quantity: 1 digital cartoon(s).
We examine the role of business interruption (BI) insurance in business recovery following the Christchurch earthquake in 2011. First, we ask whether BI insurance increases the likelihood of business survival in the immediate (3-6 months) aftermath of a disaster. We find positive but statistically insignificant evidence that those firms that had incurred damage, but were covered by BI insurance, had higher likelihood of survival post-quake compared with those firms that did not have any insurance. For the medium-term (2-3 years) survival of firms, our results show a more explicit role for insurance. Firms with BI insurance experience increased productivity and improved performance following a catastrophe. Furthermore, we find that those organisations that receive prompt and full payments of their claims have a better recovery than those that had protracted or inadequate claims payments, but this difference between the two groups is not statistically significant. We find no statistically significant evidence that the latter group (inadequate payment) did any better than those organisations that had damage but no insurance coverage. In general, our analysis indicates the importance not only of adequate insurance coverage, but also of an insurance system that delivers prompt claim payments. This is a post-peer-review, pre-copyedit version of an article published in 'The Geneva Papers on Risk and Insurance - Issues and Practice'. The final authenticated version is available online at: https://doi.org/10.1057/s41288-017-0067-y. The following terms of use apply: https://www.springer.com/gp/open-access/publication-policies/aam-terms-of-use.
A photograph of Tracey Chambers and her daughter at The Worry Bug book launch at St Albans School. Chambers is from The Canterbury Community Trust, who helped to finance The Worry Bug Project.
Photograph captioned by Fairfax, "Finance Minister Bill English (L) speaks to Caravan, Camping & Marine owners Julie Webb (C) and Nick Hopper. Their shop on Manchester Street was destroyed and then demolished after the earthquake".
A photograph of Tracey Chambers and her daughter giving a presentation at The Worry Bug book launch at St Albans School. Chambers is from The Canterbury Community Trust, who helped to finance The Worry Bug Project.
A photograph of Tracey Chambers and her daughter giving a presentation at The Worry Bug book launch at St Albans School. Chambers is from The Canterbury Community Trust, who helped to finance The Worry Bug Project.
It is the start of the second week of June 1919 and New Zealand’s Prime Minister, William Massey and the Minister of Finance, Sir Joseph Ward, are in Paris awaiting the signing of the Peace Treaty …
A document that outlines how timely and accurate information relating to estimating, actual project costs, future commitments, and total forecast cost, will be managed and reported for each project phase in the programme.
The cartoon is entitled 'seismic upheaval'. Prime Minister John Key and Finance Minister Bill English stand near great seismic cracks in the ground and stare sadly at a huge wallet, 'Bill's boodle', belonging to Bill English. Vast quantities of banknotes spill out of the cash pocket in the wallet which also contains a 'travel card', a 'house card' and an 'expenses card'. The various cards in the wallet refer to expense account embarrassments relating to Bill English. Etched in the ground are the words 'Christchurch quake' and 'South Canterbury Finance'. The cartoon refers to two major events in the Canterbury area in recent times that have incurred huge government costs; these are the collapse of the South Canterbury Finance Company and the earthquake that struck early Saturday morning 4th September. The South Canterbury Finance Company has been taken into receivership by the government which has guaranteed that all 30,000 fortunate high-risk investors will be paid out $1.6b thanks to the taxpayer. Treasury is assuming that the cost of the earthquake will reach $4 billion, including $2 billion worth of estimated damage to private dwellings and their contents, $1 billion of damage to commercial property, and $1 billion worth of damage to public infrastructure. Quantity: 1 digital cartoon(s).
Post-earthquake most people would say it was difficult to find housing in Christchurch. But reports suggest that the market has flattened. And terraced housing and apartments are sitting empty. Christchurch Council finance committee chairman, Councillor Raf Manji, discusses future developments like The East Frame.
Questions to Ministers 1. PESETA SAM LOTU-IIGA to the Minister of Finance: What progress has the Government made in building a more competitive economy and getting on top of New Zealand's longstanding reliance on foreign debt? 2. Hon PHIL GOFF to the Prime Minister: Does he have confidence in his Minister of Finance? 3. KEVIN HAGUE to the Prime Minister: Does he stand by all his statements regarding the safety of mining in New Zealand; and does he consider his Government has met all its responsibilities arising out of the Pike River mine disaster? 4. Hon DAVID CUNLIFFE to the Minister of Finance: What are the latest official forecasts for the current account balance and the net international investment position over the next four years under his Government's policies? 5. JONATHAN YOUNG to the Minister of Justice: What progress has been made on the development of alternative court processes for child witnesses? 6. Hon CLAYTON COSGROVE to the Minister of Finance: In light of his statement yesterday regarding foreign-owned assets that "we need to generate the kind of savings that will help New Zealand buy back those assets", is it still the Government's policy to sell State assets if it is re-elected, given that up to 30 percent of the shares he proposes selling could go to overseas buyers? 7. Hon JOHN BOSCAWEN to the Minister of Finance: Does he think that implementing the 2025 Taskforce's recommendations in November 2009 would have avoided New Zealand's double credit downgrade; if not, why not? 8. GRANT ROBERTSON to the Minister of Health: Has he been advised of a reduction in funding for home-based health support services in the Wellington region? 9. TIM MACINDOE to the Minister of Corrections: Has she received any progress reports on the implementation of the Government's Prisoner Skills and Employment Strategy? 10. STUART NASH to the Minister of Finance: By how many percent has the GDP per capita gap between Australia and New Zealand widened since his Government took office? 11. NIKKI KAYE to the Minister for Communications and Information Technology: How many schools will benefit from ultra-fast broadband in the first year of the roll-out? 12. BRENDON BURNS to the Minister for Canterbury Earthquake Recovery: Does he stand by all of his statements on Canterbury's earthquake recovery? Questions to Members 1. SU'A WILLIAM SIO to the Chairperson of the Social Services Committee: Will she call a meeting to consider the Inquiry into the identification, rehabilitation, and care and protection of child offenders; if not, why not?
A PDF copy of an application form for the Anglican Advocacy (previously Anglican Life Social Justice Unit) Save Your Self Interest Free Lending Program.
A PDF copy of a document outlining thoughts from the Anglican Advocacy team (previously Anglican Life Social Justice Unit) on the pilot of their Save Your Self interest-free loan scheme.
As the result of the September 4th 2010 Canterbury earthquake and associated aftershocks on February 22nd 2011 and June 13th 2011, final examinations in the two 100 level economics papers at Canterbury University were cancelled at short notice in semester one 2011. The final examination weightings were spread over the remaining assessments to obtain a final grade for students. This paper attempts to establish how different online assessment conditions affect final grade distributions when online assessments are substituted for an invigilated final examination. Pearson correlation coefficients and Spearman rank order correlation coefficients are used to show that there is a greater correlation between online quizzes and invigilated assessments when those quizzes are only available for a restricted period of time, compared to the whole semester. We find that online quizzes are more closely correlated with invigilated assessments when the first attempt at a quiz is recorded, as opposed to the highest of two attempts. We also find that using the first attempt leads to less grade disruption when compared to a “normal” semester that includes a final examination. Finally, the actual impact on student grades when online quizzes are substituted for a final examination is discussed.