RNZ: Nine To Noon
RNZ: Nine To Noon
Jan 26, 2021
Science commentator Siouxsie Wiles
Play • 13 min
This week, Associate Professor Siouxsie Wiles tells us about a new documentary about New Zealand’s COVID-19 genome-sequencing efforts and explains what a new study has learned about baby dinosaurs. Associate Professor Dr Siouxsie Wiles is the head of Bioluminescent Superbugs Lab at the University of Auckland.
The Mike Hosking Breakfast
The Mike Hosking Breakfast
Newstalk ZB
Mike Hosking: Queen showed leadership by urging people to get the vaccine
Listen above to Mike's thoughts on The Queen's rare move discussing her private experiences  Queen Elizabeth II is encouraging people to be vaccinated against COVID-19, saying the shot is quick, harmless and will help protect others against the disease. In a video call with the officials responsible for rolling out the vaccine, the 94-year-old monarch compared the effort that's gone into Britain's national vaccination campaign to the way people worked together during World War II. "Well, once you've had the vaccine you have a feeling of, you know, you're protected, which is, I think, very important," the queen said on a tape of the call broadcast Friday. "And as far as I can make out it was quite harmless, very quick. And I've had lots of letters from people who've been very surprised by how easy it was to get the vaccine." The queen also highlighted the fact that being vaccinated helps protect everyone, not just the person who gets the shot. "It is obviously difficult for people, if they've never had a vaccine, because they ought to think about other people rather than themselves," she said. Though the queen had made her vaccination known earlier, her comments during a video call with health leaders recorded Tuesday will get the word to more people who might be hesitating, and could possibly prove persuasive given Elizabeth's huge name recognition. The queen and her husband, Prince Philip, 99, received their first dose of the vaccine last month. In an unusual move, the palace made the information known to prevent speculation about their health. The call with health officials this week showed the queen continuing with her duties even as Philip rests at King Edward VII's Hospital in what royal officials called a precautionary measure. Buckingham Palace said Tuesday that he was being treated for an infection. During the conversation, the queen described COVID-19 as a "plague" that has swept across the globe. She urged the vaccination drive leaders to "keep up the good work."' She likened the community spirit to get vaccinations done to the experience of the country during World War II.
52 sec
Economy Watch
Economy Watch
Interest.co.nz / Podcasts NZ, David Chaston
A 'bleak future' for debt investors?
Kia ora, Welcome to Monday's Economy Watch where we follow the economic events and trends that affect New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news other than the New Zealand lockdown. We start this week with the bond market volatile, some key commodity prices wavering, and a stronger greenback. But first, China’s February factory activity in has fallen back to its weakest expansion since the pandemic disruption a year ago - and that is per the official data. Its factory expansion is barely on track. Meanwhile, its service sector activity has fallen in the same way. This slip is perhaps more than just the Spring Festival disruption because exports orders fell back into contraction. But a small recovery is expected in March. And official data points to a sizable rise in disposable incomes in China last year despite the adverse economic impacts of the pandemic. The average full-year disposable income in China in 2020 was ¥32,189 or about NZ$6900. This is an increase of +4.7% compared to 2019, or an inflation-adjusted increase of +2.1%. Given that their overall economic activity grew +2.3% in 2020, this is a lower share for workers. Chinese house prices rose in January in most major cities and are up between +2.9% and +4.4% year-on-year in Beijing and Shanghai respectively. China is grappling with its demographic issues and may update its retirement age policies soon. And China continues to face higher food prices with notable rises for rice, corn and soybean prices since the end of the Spring Festival in commodity trading. But other commodity prices fell at the end of last week. Japanese industrial production made a rebound in January, according to official statistics. They are now only down -5.3% year-on-year after a better than expected +4.2% rise from November. Singapore's industrial production growth is also staying quite elevated in a pattern that has lasted for three consecutive months now. India reported it was out of recession in its Q3-2020 GDP data, and analysts expect its Q4-2020 growth to be positive too. But that is likely to leave the overall 2020 decline exceeding -7%. However a swift growth recovery is now underway there. In the US, all eyes are on inflation tendencies, the driver of some substantial global market pricing changes over the past week. And the US PCE, the US Fed's preferred measure of inflation, came in at +1.5% pa and higher than the expected +1.4%. In the same data release there was an unusual spurt in disposable personal incomes, up +11.4%, and almost all drive by the January disbursement of the US$600 per person stimulus payments. And that drove an unusual rise in consumption spending, up +2.4% in a month. In the US Congress, they are on course to pass the US$1.9 tln Biden stimulus plan, after a last minute roadblock to a minimum-wage increase. Given the good recovery underway anyway, there are voices that worry this may be overdoing it. This worry compounds inflation rise expectations. And the US has changed policy and is now on board for a global digital tax arrangement being progressed by the OECD. In his annual letter to shareholders, Warren Buffett says ‘Bonds are _not _the place to be these days’ (p5). He warns of a 'bleak future' for debt investors. His enterprises reported operating earnings fell -9% in 2020, largely because of an -US$11 bln write-down of his Precision Castparts business. The Chicago PMI took a bit of tumble in its February result. It is still expanding fast, but the rate of expansion eased this month quite noticeably with a sharp drop in new orders. The US January merchandise trade balance came in with another large -US$76.4 deficit with exports down -1.1% and imports up +3.8% from the same month in 2020. In Canada, there is a growing consumer and official backlash developing over the use of "palm oil" products in dairy feed - a major issue for them as most herds are managed in barns. While China is mulling an application to join the TPP, the new US administration says it will take its time with its own reassessment. The UST 10yr yield is lower today, down -4 bps at 1.41% and retreating from the 1.56% it reached earlier last week. The price of gold starts today holding at its sharply lower level of US$1736/oz. Oil prices are soft today, down about -50 USc and are now at just on US$61.50/bbl in the US, while the international price is just under US$64.50/bbl. And the Kiwi dollar opens at 72.3 USc and -¾c lower that this time last week. Against the Australian dollar we are unchanged at 93.9 AUc. Against the euro we are softer at 59.9 euro cents. That means our TWI-5 is now down at 74. The bitcoin price is now at US$43,689 and down a sharp -8.5% from this time Saturday. There is a clear bias lower at the moment. Volatility in the past 24 hours is still very high at +/- 5.2%. You can find links to the articles mentioned today in our show notes. And get more news affecting the economy in New Zealand from interest.co.nz. Kia ora. I'm David Chaston. We will do this again tomorrow.
6 min
NZ Everyday Investor
NZ Everyday Investor
Podcasts NZ / WorldPodcasts.com / Gorilla Voice Media
Sam Stubbs / Challenging the Status Quo/ Ep 139
The first question - _why are floating rate mortgages so expensive in NZ??_ Currently with the main banks, you can get fixed rate loan in the low 2% area, but floating rates with these same banks are between 3-4%. In a world now where it seems that interest rates are at no risk of increasing, and in fact, may still decrease further, a floating rate loan gives borrowers a tremendous amount of flexibility over fixed rates. Unfortunately to get this benefit though, you have to pay a hefty premium for it. Through Simplicity you may also qualify with them for a mortgage rate which is pretty much the same as the other banks in the low 2’s currently – but the interesting part is that it’s a floating mortgage. How is this possible is one question, then the next question becomes, why aren’t mainstream banks doing this already? Now on to the second question - we’re talking about the NZX -_ is the new Zealand stock exchange functioning in a way that is beneficial for stakeholders, not just shareholders?_ In recent years, we’ve witnessed more than one high profile company opt to list on the Australian stock exchange over the NZX – Why is this? The NZX is evolving, but is it moving in a direction that will help investors, other fund managers, and the bright spark business in NZ that ultimately want to stay here? Well Sam has an opinion on this also - enjoy! Check out the previous episode with Sam here: https://nzeverydayinvestor.simplecast.com/episodes/7bf5bbaa __________________________________________________________________ Like what you’ve heard? You can really help with the success of the NZ Everyday Investor by doing the following: 1- Tell your friends! 2- Write a review on Facebook, or your favourite podcast player 3- Help support the mission of our show on Patreon by contributing here 4- To catch the live episodes, please ensure you have subscribed to us on Youtube: 5- Sign up to our newsletter here NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person! Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage an authorised financial adviser to provide guidance around your specific goals and objectives. If you would like to enquire around working with Darcy (an authorised financial adviser), you can schedule in a free 15 min conversation just click on this link _____________________________________________________________________________
54 min
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