I lived in a city for 13 years and when I left in 2018 I still had ADSL, I moved to the country and now get wireless 25/5 which is a great improvement but still a bit shit.
I have my fingers crossed that Elon Musks new satellite broadband will be my saviour when he offers ridiculous speeds from space. No idea if it is possible but it would be cool if your phone could connect to Musks satellites so you could in theory never be out of signal or data.
This piqued my interest:
In 2018, overdue student loan debt was $1.5 billion, with overseas-based borrowers owing 91 per cent of that.
Clearly those overseas-based people who are paying back their student loans are a very small minority.
What would be interesting is how many of those 91% want to return to NZ but their debt is so overwhelming they choose to ignore it. So instead of the scheme keeping talent in NZ it may actually be keeping it out.
You have to wonder why so many people are in this boat. As mentioned the 7% compounding interest and penalties cause the most issues. I think we were close to 8 or 9 grand a year in interest and penalties alone. Another issue for us was I forgot to update my overseas address with IRD so I never got any statements or updates. Yes this is my fault again but I am sure I am not alone.
Anyone have any idea what system would work better or what they could do to encourage payment?
My wife and I got caught up in this and yes entirely our fault. These are just excuses but I didn't do enough to setup automatic payments, it was a bit of a mission to transfer the money to NZ via a third party site. We also had a mortgage and other costs and we didn't do enough to set aside money for the student loan. We were then getting stung the high interest rate of 7%, and then penalties start getting piled on if you didn't make the minimum payment. I think our original debt of 28k climbed to 100k, and the issue was we had been making some payments and were not really making much of a dent.
It got a little overwhelming tbh, when the law came re being arrested, I didn't want this to happen should one of my parents die. So I actually remortgaged the house and paid off the entire amount. The interest rate on the house was way lower than the student loan and penalties.
Overall a pretty shitty experience that was totally our own doing.
Pretty sure Australia does not charge any interest if you go overseas, the debt waits for you. Catch is I think it grows with inflation.
I am just happy to see NZ has gone back to cheaper Uni, would have helped me out for sure.
Noticed this article on the NY Times site. I'm sure it will divide many.
Australia Is Committing Climate Suicide https://www.nytimes.com/2020/01/03/opinion/australia-fires-climate-change.html
I don't think any amount of fuel load reduction would help under extreme fire weather in times of drought. Plenty of studies showing fuel reduction does nothing when a proper bushfire gets going. Pretty sure there was a major fire up north that destroyed houses and it had no ground fuel as it was already burnt in a previous fire.
Plenty of planned burns have gotten out of control and caused major bushfires etc. They have to have near perfect conditions for a number of days to do a burn which reduces the window available. Like anything it is probably finding a happy medium.
As Scomo is happy to say Australia has always had fires, whether that was by Aboriginals, the local arsonist or natural causes. The difference now is the hotter climate combined with the drought.