Question for the uninformed please.

Co-Governance. Can anyone explain in grunts of one syllable what exactly is being floated here?

I see mention of it about various Twitter accounts and "news" outlets.

I just don't want to speculate the actual meaning as I'm ignorant of the proposed format.

Thanks in anticipation.

(After that ... Three Waters ... )

alt text

@MiketheSnow said in F off with the damn PC Brigade:

@MajorRage said in F off with the damn PC Brigade:

Sturgeon coming under a lot of pressure

Scotland pauses movement of all transgender prisoners while rules reviewed

World’s first

Politician admitting they were wrong

Crikey you not been watching much mate?

What does a U turn mean!!

Welsh First Minister, Mark Drakeford's wife dies suddenly.

All politics aside, this is very sad news.

Interesting few days ahead in Wales.

@Tim

https://www.stuff.co.nz/world/europe/300792601/these-russians-evading-callup-to-ukraine-live-in-a-seoul-airport

@nzzp said in Jacinda resigned:

@canefan said in Jacinda resigned:

They assume to know best

... And don't want to relinquish control. Hence an initial centralized vaccine rollout that ignored GP and other medical facilities.

And the failure to talk to iwi and other ethnic leaders to try and get buy in grossly hampered vaccine uptake. I had to regularly explain to people why we weren't open during the early lockdowns despite being considered emergency services, sort of. And don't get me started on PPE.....

Ex-FBI Official Involved in Trump-Russia Probe Indicted for Working on Behalf of Sanctioned Russian Oligarch Ex-FBI Official Involved in Trump-Russia Probe Indicted for Working on Behalf of Sanctioned Russian Oligarch

A former FBI official who investigated Trump’s ties to Russia was charged with violating sanctions and collaborating with Russian oligarch Oleg Deripaska.

Seen in Cornwall.

e3f53000-e575-4af8-8c2a-a12edf4a2786-image.png

FB_IMG_1674433714801.jpg

@Crucial said in Reparations for blacks:

@MajorRage said in Reparations for Blacks:

@Crucial said in Grumpy Old Man:

@Rancid-Schnitzel said in Grumpy Old Man:

@Higgins said in Grumpy Old Man:

I'll bet there will be a fair few grumps when the bill for this lands on someone's desk to pay.

San Francisco reparations panel proposes $7.8m to every eligible back resident, total debt forgiveness San Francisco reparations panel proposes $7.8m to every eligible back resident, total debt forgiveness

"Racial disparities across all metrics have led to a significant racial wealth gap in the City of San Francisco."

So what happens if you're mixed race? Do they divide it by fraction of black?

To answer this question for others, the explanation is in the article.

Interesting concept, trying to monetise societal impacts. Obviously done with knowledge that it wouldn’t fly but to show the impacts of the past.

The impact of the past is 7.8m per person?

You can’t tell me you believe that.

I don't have too. I wouldn't have a clue what their calculation methodology was.

I don't really understand this comment.

I get your point of what they are trying to do, but I guess I misread your previous post talking about impacts of the past that you may have thought it was potentially justified.

I am far from discrediting the idea (although if it were to come in, I'd GTFO San Fran as quickly as I could) as income disparity there is horriffic. You have Silicon Valley, perhaps the headquarters of wealth on the planet these days, and then the streets of San Fran are literally filled with homeless. It's truly terrible, and a very very bad look for your average capitalist.

However, 7.8mm per person would put your average black household of 2 adults into the wealthiest 1% in one of the wealthiest cities (by average) on the planet.

It makes the whole exercise look like nothing more than a cash grab / hand out. And that is truly terrible.

Jan 18  /  Environment Revealed: more than 90% of rainforest carbon offsets by biggest certifier are worthless, analysis shows Revealed: more than 90% of rainforest carbon offsets by biggest certifier are worthless, analysis shows

Investigation into Verra carbon standard finds most are ‘phantom credits’ and may worsen global heating

LOL

OK I did some research as it sounded too crazy, it's an elective course they offer that covers the full life span. The focus on the infant stuff sounds like biological conditions, e.g. intersex, so not what the headline is claiming. Still a nonsense course.

@Kiwiwomble said in Musk & Twitter:

@antipodean have to say I just don’t know enough about how the algorithms work, I don’t use Twitter much but what I do see seems more right wing…but then others see mostly left wing…almost like it’s showing you the opposite of your own view point to get reaction

What better way to drive engagement than facilitating the perpetually aggrieved?

archive.ph

@Crucial said in Brexit:

@MajorRage said in Brexit:

@Crucial said in Brexit:

@MajorRage said in Brexit:

Country can thrive, but won’t, because too many don’t want it to. It’s that simple.

An opinion.

I keep out of this board mostly as it is just polemic and even if you try to be open to both sides and ask for an opposing view supported by fact you get accused of having made your mind up.

Not attacking you or your comment but I'm not stupid enough to think that people's opinions aren't tainted. I actually like to hear both sides and make my own mind up. In this day and age that gets very difficult

Apologies, that posted sound more aggressive than it meant to.

I agree with your response entirely.

The point I’m making is that we will never know the true truth about Brexit. Is the economy down vs Europe since Brexit? Unequivocally, yes. Is it Brexits fault? Yes, and no.

In my view, it’s down more because of the pandemic. An underbelly of this country has been exposed. It has a very large, extremely lazy, sub section. They were lazy before, they got lazier under govt support snd they fight going back.

The thought of picking up the slack is non existent. Blame the govt, instead of working harder. Jobs are EVERYWHERE for the poor. Because people left after the pandemic and the Poms didn’t pick up the slack. They moaned, they whinged …. Then sat on their arses as the vacancies piled up. The media has ploughed so much negativity that ppl have lost faith, and the will, to improve.

It’s sad. Under a United country, it would thrive. Properly. But there are too many who would rather piss, whinge, moan than take advantage of the opportunities.

Back in the early part of this thread when debating/arguing sides this very outcome was predicted. I have worked in environments where it was Euro immigration doing most of the grunt work and on the rare occasions a local would try out they would be gone in hours as it was too hard (or easier not to work).

I think you've highlighted precisely one of the things which is badly wrong with the UK and why so many businesses supported Remain and advocate re-joining the EU.

Why bother about actually motivating your staff, increasing productivity and investing in people when it's so much easier to get cheaper labour from Eastern Europe and blame the locals for a poor work-ethic? And when the feckless, work-shy locals vote to leave the EU, it's so much easier to castigate them and call them names rather than understand their concerns rather than actually do the grunt work of getting the best out of your people. (That said, there are UK sectors with fantastic management - as @MajorRage has pointed).

For me, much of the Brexit debate is/was about making life easier for the wealthier sectors of the country rather than improving growth, productivity and maximising the potential of the whole of the UK. I voted Remain way back, but seeing the negative impact of EU membership in Cornwall (the poorest region of the UK) along with the antics of second referendum advocates, has changed my mind completely.

@Tim said in Sportswashing:

American universities are fucking disgusting, especially the bigger sports schools. just brothels by another name.

@MiketheSnow they'll eat the farmers meat but want to tax them for farting. They have no credibility.

Not sure where to put this, related to inflation, recession and politics.

What is Mozilla's leadership doing to steal money from Firefox development now?

Kevin Zawacki Mozilla launches first-of-its-kind venture fund to fuel responsible tech companies, products  | The Mozilla Blog Mozilla launches first-of-its-kind venture fund to fuel responsible tech companies, products  | The Mozilla Blog

Initial $35M will foster an ecosystem of startups that push the internet — and the tech industry — in a better direction   Industry veteran M

@dogmeat one of my team members is from Denver, will have to ask him if he's a member of the illuminati in a weekly catch up

@chimoaus said in Tax rates:

@antipodean said in Tax rates:

@chimoaus It's hard to tax paper wealth.

No doubt, I guess I just struggle to hear the profits of the big banks being 14.4 billion and wondering if more of that should be redistributed to services and community.

Just nationalise them, wait a year or two and there'll likely be no profits at all and the problem of distributing the profits will vanish as well.

@dogmeat said in Auckland CBD:

The Mayor has very little power anyway. It's a Presidential type position leading a council that is deeply fractured. Which inevitably results in a succession of shabby compromises and very little in the way of real progress.

Grumpy old man

#VoteONELisaLewis

@Kid-Chocolate but it's achieved so much!

@Kid-Chocolate Looks like a typical noob to me.

LOL.

alt text

20 years. What’s the over/under on malfunctioning cameras …? Two weeks?

Jun 27, 2022  /  Ghislaine Maxwell Ghislaine Maxwell sentenced to 20 years for helping Epstein Ghislaine Maxwell sentenced to 20 years for helping Epstein

NEW YORK (AP) — Ghislaine Maxwell, the jet-setting socialite who once consorted with royals, presidents and billionaires, was sentenced Tuesday to 20 years in prison for helping the financier Jeffrey Epstein sexually abuse underage girls.

@Bones

I know I am but don’t care

“How did he and his party pull off this stunning recovery?”

“ … There's no doubt that his government's response to the pandemic was flawed, and that eventually dragged down approval of Ford. There were plenty of voters who wanted Ford out.

“But there's also no doubt that a significant chunk of Ontarians are tired of the pandemic and want to move on. Ford's party capitalized on that, and its "Get It Done" messaging likely resonated with those who are "done" with COVID-19. …”

“Even more remarkable — and something that should worry the NDP and its next leader — was the success of the PC pitch to workers. The party succeeded in capturing such ridings as Windsor-Tecumseh and Essex in the heart of the auto sector, Hamilton East-Stoney Creek in Ontario's Steeltown, and Timmins, a major centre for mining. “

https://www.cbc.ca/news/canada/toronto/ontario-election-doug-ford-pc-majority-win-1.6471963

@Tim

I don’t know the answer, but if they’re evangelicals it certainly would be unsurprising that they’re anti-vax. My mennonite relatives (new order) are absolutely the most hardcore unvaccinated people I know. I know others (especially of protestant faiths whose churchs are movie cinemas rented on Sunday mornings) who will have nothing to do with the jab. Still, I’m not convinced this makes them child abusers and molesters. You’d never know it by our modern-day guilt-by-association news and social media though, where anti-vax means pederast every bit as much as free speech means nazi. Just the way it is.

@booboo said in Black Lives Matter:

@Catogrande said in Black Lives Matter:

@booboo

Oli London or catgender person? I was referring to the former.

Oli London

Oli certainly has an interesting Wiki page and on the face of that I would say a complete piss taking troll and hats off compadre. But the radical surgery seems taking the piss taking a little far?

For an ordinary person, the unprovoked assault probably would have been home-detention worthy depending on how badly injured the female victim was and her views at sentencing.

It's not uncommon for people to escape jail on fraud charges in the vicinity of $100k , especially if reparation is ordered or they have some ability to repay the money. Also (sadly) especially if they're white and middle class.

He’s dragging this role out, doesn’t want the play to end…

Mar 16, 2022  /  Entertainment Jussie Smollett Walks Out of Jail Pending Conviction Appeal Jussie Smollett Walks Out of Jail Pending Conviction Appeal

The “Empire” actor had served less than a week of his 150-day sentence for staging a fake hate crime against himself.

We've just ordered solar with a 10kWh battery on a 5.8kWh system & a diverter to use any excess power to heat our water. It's going on a SSW facing roof. I have a personal weather station and we've used a year's solar energy data to model our savings. We'll be energy self-sufficient from April-mid November and around 60% for the rest of the year.

The big issue is the return on your investment. I think that will be around 7.5 to 8 % which is payback in around 9 years - earlier if I go for an EV in the next few years.

@dogmeat said in The CCC And Cycleways (vs Light Rail):

@shark The counter argument is accurate for bus lanes but not so much cycle paths. Akl Transport do have 26 counters up around the city. Unsurprisingly cycle activity peaked during the 2020 Lvl 4 lockdown.

As a result that year was best ever with a 11% decrease in 2021. However there were still 3.2 million cycle movements recorded which sounds like a lot but averages out at a daily figure across the 26 sites of 337. In mitigation it includes some very quiet suburban and rural routes and quite a few sites were down for some of the year. The busiest street recorded 1,200 per day.

The one Hoskings famously targeted was Nelson St FFS. Riding down that quasi motorway without lane protection would require balls so big you wouldn't be able to get on a bike. It averages 524/day.

Well put 🙂

@jc said in Bank Lending/CCCFA:

@godder said in Bank Lending/CCCFA:

https://www.stuff.co.nz/business/127657685/ir-reports-sharp-drop-in-first-home-withdrawals-from-kiwisaver
This seems relevant, and is put squarely on the change to reduce 80% LVR exemptions as part of the banks' loan portfolios from 20% to 10%.

Mortgage advisers and property experts say the dip is not the result of changes to the Credit Contract and Consumer Finance Act (CCCFA), which have seen the proportion of home loan applications that are approved fall.

Instead, they blame Reserve Bank Te Pūtea Matua​ limits on how many low-deposit loans banks are allowed to make.

Obviously not the whole story, but no doubt it's some.

It's not an either/or thing. As you will know better than most, the legal framework that the government controls dictates what the RBNZ sets as banking regulations and operational parameters for themselves and the financial institutions. Then there are other, overlapping legal frameworks that dictate directly what the financial institutions are able / obliged to do. The financial institutions set in place processes and mechanisms that they use to make sure they comply with those laws that directly govern them as well as the operational directives from the RBNZ.

The CCCFA amendment didn't change any of the directives from the RBNZ, but it did set in place new expectations for how the banks executed their internal procedures. Effectively this means that the RBNZ says things like reduce your exposure to non-80% LVR loans to 10%. The process of bringing their loan book into compliance is subject to the new terms in the CCCFA amendment. If they look at a loan they are obliged to check for affordability.

And the directive to reduce the exemptions doesn't ban them, it just limits them: it is still within a bank's discretion to issue an 85%, 90% or even 100% LVR loan if the circumstances are right. But if they are having to do affordability checks on someone with a 20% or bigger deposit (which they are), imagine the due diligence they have to do on someone who only has a 10% deposit. Looking at it from their POV, if they can be deemed reckless by offering a $400k loan on a $500k property, there would need to be near certainty of affordability before they offered a $850k loan on a $1m property.

I also find it ironic that QE and the Support For Lending specifically put large volumes of cash onto banks' balance sheets. If they weren't supposed to be lending it out what on earth did the government and RBNZ think they were going to do with it? And why didn't they spread it more widely? As "picking winners" goes this is even worse than the lockdown windfalls for supermarkets IMO.

Absolutely fair, especially that last point about Funding for Lending, should have closed that months ago (and I did say that the article was not the whole story of the reduction in lending). One of the exemptions to the 80% LVR is new builds, so those aren't counted, but I assume they also don't make up a large portion of mortgages. Reducing from 20% to 10% of the loan book as high LVR mortgages obviously doesn't prevent that lending, but if a bank was already at or above 10%, does put an immediate stop to further lending above 80% LVR (other than new builds) until the bank gets down to the 10% limit.

Edit: https://stats.govt.nz/information-releases/property-transfer-statistics-december-2021-quarter

This also shows quite a reduction in actual property transfers of homes.

There were 41,460 property transfers involving a home in the December 2021 quarter (down 19 percent from the December 2020 quarter)

Oh, man.

Harvey Weinstein Could Go Free, as Appeals Court Casts Doubt on Conviction

gmaddaus  /  Dec 16, 2021 Harvey Weinstein Could Go Free, as Appeals Court Casts Doubt on Conviction Harvey Weinstein Could Go Free, as Appeals Court Casts Doubt on Conviction

An appeals court could allow Harvey Weinstein to go free, after raising serious concerns about the use of supporting evidence at trial.