NZL UNEMPLOYMENT RATE DOWN AGAIN ... this time to 4.9% and better than market expectations. Interesting that over the period 1985-2016 our unemployment rate averaged 6.13%. There are lies, damned lies and statistics ... this is a good statistic.
NZL BEST PLACE TO DO BUSINESS ... this from the World Bank. NZL has displaced Singapore from its place as No. 1 ... a position it has held for the last decade. Labour and the Unions are crying fowl/foul but what's new? The more astute might detect a degree of correlation with the previous headline.
DAIRY PRICES SURGE with whole milk powder up 20% in the latest GDT auction. This is the sixth increase in seven auctions and comes on the back of a tightening of supply. Another 'crisis' solved (and by the market too). Labour's crisis cupboard is increasingly bare.
McCULLY/MFAT ABSOLVED OF ILLEGALITY on the Saudi sheep deal. The A-G's report made clear it was not a lot of things that had been claimed. "It
was not corrupt, it was not a bribe and it was not a facilitation
payment (as had been
alleged in Parliament) ... The payments to the Saudi businessman were
made as part of a legally valid contract for services and were spent
with the necessary approvals" ... Lyn Provost, Auditor-General. There are other aspects of the report that do not reflect well on the players but, for me, the bottom line is that McCully was attempting to achieve cut-through in a trade deal with the Saudi's ... a trade deal that will benefit NZL. Sometimes to make it happen you need to think outside the square. That's politics and politics ain't prissy.
Another dead terrorist meets his maker
21 minutes ago