Record number of people are leaving because things are so bad!!!
Wait, record number of people are arriving because things are worse elsewhere making net migration in positive? Let’s downplay that because predictions show that MIGHT slow down and it hurts our story about how bad things are.
People are leaving New Zealand in record numbers as unemployment rises, interest rates remain high and economic growth is anaemic
AFAIK they also have a somewhat severe housing crisis. No idea whether it’s actually worse than e.g. in Australia, though - who doesn’t have a housing crisis these days?
Think maybe as humans we just forgot how to build houses or something.
There’s some legitimate issues (e.g. investors buying up housing and trying to squeeze out as much short-term profit as possible, increasing prices for raw materials), but the main issue seems to be that most governments refuse to take effective measures for whatever reason. IDK, maybe they’re just all strapped for cash after the recent pandemic.
Instead of building houses to live in, we turned them into investment vehicles to justify the mortgages and expense of owning/maintaining them.
A house is now a pension, or a retirement savings account; primarily a place for capital to live (people living there isn’t necessary).
As such, housing value needs to continuously grow and anything that threatens that value growth is evil.
Since houses are now a place to park money and the growth in value is always supported, increasing amounts of money are moved into housing. Individuals justify larger and larger mortgages and investors start to move money into housing from other productive forms of investment.
Industries grow and are created to move money into, and extract money from, housing; investors also invest in these industries.
As housing becomes more and more expensive, it outpaces the growth in wages of homeowners; increasingly in successive years those who would have been homeowners in previous years can only afford to be renters or own smaller and smaller homes.
International investment and institutional investment, speculators and criminals looking to launder money get interested, since the value of housing has exploded so much it now looks attractive to these players; home values increase further as this additional capital comes into the market.
primarily land, but also raw materials and labour become more expensive as a direct or indirect result of the inflation of housing market; increasingly homeowners are priced out of new builds, and investors are necessary to finance the building of new housing.
because investors are financing new housing, it is built for them; cheap, small units that can be disposed of more easily and allow capital to be spread more effectively across a number of houses instead of lumped into just in one.
the humans living in the houses increasingly become renters, useful to investors only as a means of paying some of their costs via rent; protections for renters threaten the value of the investment, so rental protections are blocked or eroded.
in the end, houses are built but by investors, for investors, and in a manner that ensures the value of current investments cannot meaningfully decline.
We know how to build houses, but we built a system that builds houses for investors to house money, and not for people to house themselves.
Are any of their old slots up for grabs? I work remote, get paid in a currency that’s not currently eating itself, and I can spend my weekend helping with the rat eradication if that helps with the stamp of approval.
If you wanna live as a monk in the country side go for it. For all other practical purposes, you probably wont like it as much as you think. People dont leave their country for no reason.
The article says that, unfortunately, they’re on kind of shaky ground here.
The action came after Musk and Trump held a two-hour conversation on social media platform X on Monday night, during which Trump complimented Musk’s ability to cut costs by saying he would not tolerate workers going on strike.
“You’re the greatest cutter,” Trump said during the conversation. “I mean, I look at what you do. You walk in, you just say: ‘You want to quit?’ They go on strike - I won’t mention the name of the company - but they go on strike. And you say: ‘That’s okay, you’re all gone.’” Musk chuckled but did not respond to Trump’s comments, making it harder for the NLRB to find him liable for making illegal threats to workers at his companies, said Wilma Liebman, chair of the NLRB under former President Barack Obama.
Under federal law, workers cannot be fired for going on strike, and threatening to do so is illegal under the National Labor Relations Act, the UAW said in a statement.
I totally agree that they violated that law in spirit, but I don’t know if the NLRB will go for it.
From the WSJ article covering this suit: “The UAW, which has endorsed Kamala Harris, the presumptive presidential nominee for the Democrats, has been eager to blunt the former president’s appeal to working-class voters by painting him as a friend of the wealthy.”
No shit he’s a friend of the wealthy. He keeps insisting he is wealthy himself, while threatening anyone that wants to actually verify that for decades. And dealing with fraud charges for various financial “irregularities”.
Reuters - News Source Context (Click to view Full Report)Information for Reuters:
> MBFC: Least Biased - Credibility: High - Factual Reporting: Very High - United Kingdom
> Wikipedia about this source
Reuters - News Source Context (Click to view Full Report)Information for Reuters:
> MBFC: Least Biased - Credibility: High - Factual Reporting: Very High - United Kingdom
> Wikipedia about this source
Super sad. This is serials bed let them live with their choices. No more money, weapons, or support. The US is complacent with genocide happening in Palestine.
All we want to hear from you madam vice president is that you will no longer fund these animals.
The tricky thing is that the AIPAC Is one of the most well funded PACs in the US. Going against them is quite honestly political suicide. If you play ball with them, you’ll have all the money you’ll need. If you go against them, they’ll fund the opposition in such a way that you cannot match. We really need to get money out of politics, a single group should not have so much influence.
Reuters - News Source Context (Click to view Full Report)Information for Reuters:
> MBFC: Least Biased - Credibility: High - Factual Reporting: Very High - United Kingdom
> Wikipedia about this source
Reuters - News Source Context (Click to view Full Report)Information for Reuters:
> MBFC: Least Biased - Credibility: High - Factual Reporting: Very High - United Kingdom
> Wikipedia about this source
reuters.com
Hot