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Hubbard, James, 1949- : "The benefit system is there and can sort of get a…
Images, Alexander Turnbull Library
Minister for Social Development Paula Bennett stands on a large carpet that represents the 'dole'; she has swept the detritus of 'job initiatives', 'unemployment' and 'job summit' under the carpet with a broom and says 'The benefit system is there and can sort of get as big as it needs to' Context - the Government has announced its business assistance package to Christchurch is to be watered down and then cease over the next few weeks. John Key and Paula Bennett have said that 'the dole will be there for them'. Clayton Cosgrove Labour's Canterbury Earthquake Recovery spokesperson says Prime Minister John Key and Social Development Minister Paula Bennett are cruelly missing the point in terms of Canterbury people who lose their jobs in the wake of the earthquakes. He says "They want jobs, and they want to know what the Government is going to do about ensuring Christchurch businesses can get up and running again". (Business Scoop 5 April 2011) Quantity: 1 digital cartoon(s).
Hubbard, James, 1949- :[Official Cash Rate cut] 10 March 2011
Images, Alexander Turnbull Library
Finance Minister Bill English scratches his head with frustration as he stands up to his chest in earthquake rubble that represents the 'economy'. Allan Bollard the Governor of the Reserve Bank appears in gumboots asking if he can 'help with rebuilding..? by making an 'OCR cut'; he holds a collection box labeled 'OCR cut'. Context - Two earthquakes and hundreds of aftershocks have hit Christchurch, the first on 4 September 2010 and a second more devastating one on 22 February 2011. The Reserve Bank has made a relatively large 50-point cut in its benchmark interest rate, the Official Cash Rate (from 3% to 2.5 per cent). Critics say that inflation is already running unacceptably high and there is a threat of much higher inflation in a year or two when the rebuilding of Christchurch begins to put pressure on limited resources. The Reserve Bank acknowledged these factors, but it has chosen instead to focus on the immediate impact of the earthquake on the economy and particularly on all-important business and consumer sentiment. (Press editorial 12 March 2011) Quantity: 1 digital cartoon(s).
Winter, Mark 1958- :Tsunami warning - cancelled. 8 July 2011
Images, Alexander Turnbull Library
Cartoons about political and social issues in New Zealand and overseas. The cartoon has the words 'Tsunami Warning cancelled' in the centre. Above are the words 'The end is nigh... insurance running out! No more cover!' Below the word 'cancelled' are the words 'We have reinsurance!' Context - Civil Defence has cancelled a tsunami warning after a 7.8 magnitude earthquake struck off the Kermadec Islands this morning (7 July 2011) The tsunami image is used to illustrate the problems that could arise from lack of insurance in Christchurch. When their policies run out on 30 June Earthquake-hit Christchurch and Waimakariri councils are in danger of having no property insurance because as the CEO of Civic Assurance, which insures most councils, says, 'the company cannot buy reinsurance'. There was also a potential problem for home-owners when AMI Insurance, the largest insurer of homes in Christchurch, was threatening insolvency. However, AMI has announced that it has re-insurance cover for earthquakes and other natural disasters from tomorrow (1 July 2011) for the next year. The Government feared AMI Insurance's directors would wind up the company affecting a huge section of New Zealand's insurance market and derail the reconstruction of Christchurch, official documents confirm. AMI said it had doubled its cover for the year to June 2012 after three large quakes in the year to June 2011. (Stuff 30 June 2011) Quantity: 1 digital cartoon(s).