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).
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).
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).
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).
1. AMY ADAMS to the Minister of Finance: What progress has the Government made this year in laying the foundations for a more ambitious and faster growing economy? 2. Hon PHIL GOFF to the Prime Minister: Does he stand by his statement that by early 2010 New Zealand will be coming out of the recession "reasonably aggressively"? 3. ALLAN PEACHEY to the Minister of Education: What feedback has she received about the quality of school reports to parents this year? 4. Hon CLAYTON COSGROVE to the Minister for Canterbury Earthquake Recovery: Is he satisfied that the Canterbury earthquake business support measures undertaken by the Government have worked as intended? 5. Dr KENNEDY GRAHAM to the Minister for Climate Change Issues (International Negotiations): Will the Cancun Agreements achieve the agreed goal of confining global warming to 2 degrees Celsius by 2020; if so, how? 6. Dr PAUL HUTCHISON to the Minister of Health: What reports has he received on improved access to medicines? 7. Hon DAMIEN O'CONNOR to the Prime Minister: Does he stand by his statement that "It's clearly been a large sum of money. But at the end of the day I gave a commitment to the families at Pike River I'd do everything I could to get their men out, I stand by that. I think the Government has done everything it can do so far"? 8. Dr CAM CALDER to the Minister of Corrections: Has she received any progress reports on the Government's Prisoner Skills and Employment Strategy? 9. Hon DAVID PARKER to the Minister for Economic Development: How many additional Cabinet papers has he submitted to Cabinet since he told the House in July "In my capacity as Minster for Economic Development I have submitted 14 papers to Cabinet in the last 6 months"? 10. HONE HARAWIRA to the Minister of Foreign Affairs: What steps has the New Zealand Government taken to denounce the shooting by Chilean forces of indigenous Rapa Nui, during an operation to evict them from stolen ancestral lands that they were seeking to reclaim? 11. Hon JIM ANDERTON to the Minister for ACC: Does he have any concerns about the way ACC in general and claims general manager Denise Cosgrove in particular, is interpreting ACC legislation regarding personal injury claims which are being declined on the basis of degeneration or pre-existing conditions? 12. COLIN KING to the Minister of Fisheries: How will fisheries officers be helping to better protect New Zealand's fisheries this summer?