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).
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).
A bus tours a city street with destroyed schools either side. The guide points out destruction on the right from earthquakes and on the left from Hekia Parata. Wider context is the ongoing impact of the Christchurch February 2011 earthquake. The implication is that the earthquake caused physical damage to some schools and that the Minister for Education is responsible for destroying others with her announcement of school closures in Christchurch on 18 February 2013. 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).
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).
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).