The title reads 'Reserve Bank revises down growth foreCASTS'. The cartoon shows someone representing the 'Economy' with crutches and their leg In plaster - hence wordplay on 'cast' and 'forecast'. A statement made by the Reserve Bank on 16th September looked a shadow of the bright one it published three months ago. Quantity: 1 digital cartoon(s).
'The Politician' cartoon strip. The minister is keen to push through 'unpopular money raising policies' like the 'tax on people's taxes for example'. Context - the Christchurch earthquake of 22 February 2011 has created more strain on an already straining economy and there has been discussion about various possibilities for sticking with the Government's short and long-term targets for debt reduction in spite of the enormous recovery cost for Christchurch. Quantity: 1 digital cartoon(s).
In the first frame is an 'Emergency kit for national disaster' which is a bin full of disaster supplies like canned food, torch etc. In the second frame there is an 'Emergency kit for economic disaster...' - a bin containing a 'One way ticket to OZ'. Context - The national distaster kit is very relevant after the two earthquakes and numerous aftershocks in Christchurch and increasingly people are moving to Australia in search of jobs and opportunities that seem scarce in New Zealand. Quantity: 1 digital cartoon(s).
Text reads 'Collateral damage'. A couple stand looking at a broken column surrounded by fallen masonry; text on the column reads 'Curbs on govt spending'. The man says 'It's a shame. It was due to be unveiled in a few weeks'. Context - the Christchurch earthquake of 22 February 2011; curbs on government spending can be seen as 'collateral damage'. In December 2010 Finance Minister Bill English pledged to keep a cap on spending to rein in a widening deficit as slower consumer demand hinders the economic recovery and hurts tax receipts. The earthquake will make economic recovery even more difficult. Quantity: 1 digital cartoon(s).
Shows an egg that represents '2012' with a chick beginning to peck its way out. In the background storms rage. Someone hopes that it will 'be softer and fuzzier than the last one!' Context: Refers to the difficulties and disasters of 2011 in New Zealand. Christchurch earthquakes and aftershocks continue with complicating rebuilding and insurance issues, the wreck of the Rena, and various weather events and political issues. Quantity: 1 digital cartoon(s).
In the first seven of eight frames astrologer Ken Moon predicts a 'black day ahead', a 'day of great shaking' and 'terror' and 'children crying' and 'people fleeing' and 'a day in May'. In the last frame people realize that he has seen, not an earthquake, but the budget. Context - After the two big earthquakes in Christchurch on 4 September 2010 and 22 February 2011, the so-called Moon Man, Ken Ring, backed away from his prediction that Christchurch would be whacked by a huge earthquake on the 20th of March 2011. His claims terrified Cantabrians and led to people fleeing Christchurch. The 2011 budget will be announced in May and predictions are that it will be a cost-cutting one because of New Zealand's debt, partially caused by the Christchurch earthquakes. Quantity: 1 digital cartoon(s).
Shows a graph illustrating the 'Growth forecast' for the economy. A large finger representing the 'Reserve Bank' squashes the growth arrow as though it is a fly and it starts to zig-zag crazily downwards. The statement made 16th September looked a shadow of the bright one the Reserve Bank published three months ago. With its forecasts finalised the day before the Canterbury earthquake struck, the Bank has taken secateurs to its economic growth track, and a carving knife to its interest rate path. Instead of GDP growth pushing 4% this year and next, for example, it now struggles to reach 3% in each. It's tempting to think this has been driven by the wobbling international news over recent months. In fact it's been because of a suddenly sombre view around NZ consumer spending and the housing market. (Interest.co.nz) Quantity: 1 digital cartoon(s).
In six small cameos Prime Minister John Key ponders over things economic and ends up dancing; he says 'I'm bereft of ideas for the economy gambling the lives of our troops in the Afghanistan mess I'm presiding over the biggest budget deficit in our history borrowing $300m a week to cushion our slide into oblivion Using lots of World Cup piffle to distract from the real issues Yet I'm still rating miles higher than Goff so how hopeless is he??? A little man in the last frame comments 'Spoiled for choice eh?' Context - New Zealand's rather dire economic situation made so much worse by the Christchurch earthquakes of 4 September 2010 and 22 February 2011, the consistently high poll rating of John Key and the series of disasters suffered by the Labour Party in the run up to the 2011 election in November. Quantity: 1 digital cartoon(s).
The minister wants to ask people at Treasury how they are getting on with all the unexpected expenses but cannot get them on his cellphone. His adviser tells him that they are all out holding garage sales and sausage sizzles. Quantity: 1 digital cartoon(s).
Text reads 'Could the wrecking ball be used on structures outside Christchurch?' The cartoon shows Minister for the Reconstruction of Christchurch Gerry Brownlee as the wrecking ball on a crane; he says 'let the fun begin'. To one side is a large house crowded with people which represents 'the welfare state' and is surrounded by a barrier on which are printed the words 'Fiscal emergency'. Context - Gerry Brownlee is seen by many as rather too quick to demolish heritage buildings in his rush to rebuild Christchurch. The wrecking ball idea also suggests that the National government is likely to wreck the welfare state in its efforts to sort out economic problems. Quantity: 1 digital cartoon(s).
A ship named 'NZ Ship of State' lies high and dry on rocks; the great jagged holes in her represent 'the recession', 'Pike River', 'Chch 1' and 'Chch 2'. A man standing nearby asks 'How will we refloat her?' and a second man answers '...by cutting Working for Families & interest-free student loans' Someone outside the frame says 'Where's the No. 8 wire?' Context - The New Zealand economy was stagnating before the impact of the Christchurch earthquakes of 4 September 2010 and 22 February 2011 and the Pike River Mine disaster before that. The government was already considering cutting Working for Families & interest-free student loans before the earthquakes struck and it seems that now they are trying to push through these policy changes using the earthquakes as an excuse. Quantity: 1 digital cartoon(s).
Two businessmen emerge from a building wondering whether 'Bill English' has ''Made any uplifting pronouncements on the economy or budget lately?..' On the footpath outside is Finance Minister Bill English wearing a sandwich board that reads 'the end is nigh' and carrying a banner that reads 'We're doomed'. Context - the impact of an already struggling economy of the Christchurch earthquakes of 4 September 2010 and 22 February 2011. Quantity: 1 digital cartoon(s).
Finance Minister Bill English holds a large axe that represents the 'budget' and says 'I wanted to retrieve all my spending tools, but, sadly, with allotted time short, I could only grab this!..' He is standing outside the barrier that surrounds the Christchurch CBD. Context - The Christchurch central business district has been largely out of bounds to anyone but those dealing with the after-effects of the earthquake of February 22 but business owners have been allowed restricted access to retrieve gear and belongings. The 2011 budget looks as though it will be focused on paring everything down because of the sad state of New Zealand's economy at present (made worse by the need to rebuild Christchurch), hence the axe. Quantity: 1 digital cartoon(s).
Text top left reads 'Downsizemic activity' and a seismic graph zigzags wildly but gradually tails off into the words 'Interest rates' which take a serious downwards trend. Context - The Christchurch earthquakes of 4 September 2010 and 22 February 2011 which have had an impact on an already stagnating economy. 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).
Text below the image reads 'More silence?..' Prime Minister John Key and the Governor General Sir Anand Satyanand and several 'hangers-on' almost suffer coronaries when an official suggests in discussions about 'cost-saving ideas' that 'One of the National Projects we could "reprioritise" in the wake of the earthquake is to axe any Kiwi VIP attendance at the royal wedding'. Context - The PM and Governor General are thought to be on the list for invitations to the wedding of Prince William and Kate Middleton but after the catastrophic Christchurch earthquake of 22 February 2011, which is going to cost the country billions, a wag wonders whether they should go. Quantity: 1 digital cartoon(s).
A crowd of rather sad people queue for jobs and work at the Christchurch rebuild; all around them are signs that read 'Pike River', 'leaky buildings', 'Chch quake rebuild', 'EQC levy hike', '200,000 children in poverty', 'food prices up', 'deficit', and 'GST hike'. Prime Minister John Key in the centre of the crowd yells 'Hey everyone - look up there!' as he kicks a rugby ball into the sky. Context: John Key attempts to divert the attention of people from New Zealand's current woes. Quantity: 1 digital cartoon(s).
Governor of the Reserve Bank Allan Bollard holds a spade over his shoulder and a roll of toilet paper in his hand. Text reads 'Reserve Bank governor moves to restore confidence after the quake -' and Bollard says '..past the silver beet, left at the last of the beans and it's right by the caulis!' The little Evans man says 'What a relief!' 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. Toilets have been a real problem after the earthquakes with thousands of chemical toilets and portaloos being shipped in - some people, however, use the old kiwi method of digging a long-drop in the back garden. 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) Colour and black and white versions available Quantity: 2 digital cartoon(s).
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).
Surrounded by mud and puddles in Christchurch Prime Minister John Key puts his arm round co-leader of the Maori Party Pita Sharples and smiles happily; behind them is a brand new plastic portaloo. On the ground lies a newspaper with a headline that reads 'Govt. to fund $2m giant RWC plastic waka'. Pita Sharples says 'and to show we're not neglecting our priorities in these austere times, Christchurch will get a new plastic portaloo!' Context - The government has hit back at criticism over a $2 million venue centre in the shape of a waka for the Rugby World Cup (RWC), defending the cost as necessary to host a world-class event. Co-leader of the Maori Party Pita Sharples says the waka will promote Maori culture during the Rugby World Cup and at other events (like the America's Cup). Labour Party MP Shane Jones asks "How can Dr Sharples and Prime Minister John Key actually believe that this expensive indulgence is a positive advertisement for Maori? The truth is they don't but they're both working together in a desperate effort to keep the Maori Party afloat. Quantity: 1 digital cartoon(s).
The cartoon is entitled 'seismic upheaval'. Prime Minister John Key and Finance Minister Bill English stand near great seismic cracks in the ground and stare sadly at a huge wallet, 'Bill's boodle', belonging to Bill English. Vast quantities of banknotes spill out of the cash pocket in the wallet which also contains a 'travel card', a 'house card' and an 'expenses card'. The various cards in the wallet refer to expense account embarrassments relating to Bill English. Etched in the ground are the words 'Christchurch quake' and 'South Canterbury Finance'. The cartoon refers to two major events in the Canterbury area in recent times that have incurred huge government costs; these are the collapse of the South Canterbury Finance Company and the earthquake that struck early Saturday morning 4th September. The South Canterbury Finance Company has been taken into receivership by the government which has guaranteed that all 30,000 fortunate high-risk investors will be paid out $1.6b thanks to the taxpayer. Treasury is assuming that the cost of the earthquake will reach $4 billion, including $2 billion worth of estimated damage to private dwellings and their contents, $1 billion of damage to commercial property, and $1 billion worth of damage to public infrastructure. Quantity: 1 digital cartoon(s).
Prime Minister John Key stands grinning on a cracked pedestal bearing the words 'Most popular P.M.' In the background is the Beehive flying a skull and crossbones flag. The landscape is a desert with cactus and dried bones and a vulture in a bare tree. A man and a woman comment that it looks as though the quake may have done damage in Wellington after all, that and the crash of the SCF fund. Refers to two major events in the Canterbury area in recent times that have incurred huge government costs; these are the collapse of the South Canterbury Finance Company and the earthquake that struck early Saturday morning 4th September. The South Canterbury Finance Company has been taken into receivership by the government which has guaranteed that all 30,000 fortunate high-risk investors will be paid out $1.6b thanks to the taxpayer. Treasury is assuming that the cost of the earthquake will reach $4 billion, including $2 billion worth of estimated damage to private dwellings and their contents, $1 billion of damage to commercial property, and $1 billion worth of damage to public infrastructure. There is a colour and a black and white version of this cartoon Quantity: 2 digital cartoon(s).