Implementing seismic risk mitigation is a major challenge in many earthquake prone regions. The objective of this research is to investigate how property investment market practices can be used to enhance building owners’ decisions to improve seismic performance of earthquake prone buildings (EPBs). A case study method adopted, revealed the impacts of the property market stakeholders’ practices on seismic retrofit decisions. The findings from this research provide significant new insights on how property market-based incentives such as such as mandatory disclosure of seismic risks in all transactions in the property market, effective awareness seismic risk program and a unified earthquake safety assessment information system, can be used to enhance EPBs owners seismic retrofit decisions. These market-based incentives offer compelling reasons for the different property market stakeholders and the public at large to retain, care, invest, and act responsibly to rehabilitate EPBs. The findings suggest need for stakeholders involved in property investment and retrofit decisions to work together to foster seismic rehabilitation of EPBs.
It was hard to avoid sinking up to your knees in wet weather in Market Square in 1862. This panoramic photograph shows Christchurch’s Market Place (later renamed Victoria Square) the damp ge…
The NZ dollar has tumbled and the stock market has fallen.
An entry from Ruth Gardner's blog for 21 May 2011 entitled, "Market Moved".
Financial markets have backtracked on expectations of an interest rate cut by the Reserve Bank in the wake of the Christchurch earthquake. Economics correspondent, Nigel Stirling, reports.
ACT leader Rodney Hide stands alone in the middle of a blasted plain that was once the 'Christchurch CBD' and says 'A level playing field, excellent. Now we can leave the rest to the market'. Context - Christchurch after the earthquakes of 4 September 2010 and 22 February 2011. ACT explicitly promotes a free market philosophy - a (literal) level playing field in the Christchurch CBD sounds like an excellent opportunity to test the powers of the free market.
Quantity: 1 digital cartoon(s).
News from the business sector focusing on the impact of the Christchurch earthquake, the bulletin includes a market report.
The earthquake has also affected financial markets. The New Zealand dollar has tumbled, and the stockmarket has extended its losses.
Earthquake Minister Gerry Brownlee says its taking too long to consent new sub divisions in Christchurch. The sharemarket and dollar fall following turmoil on world markets.
The Canterbury Earthquake Recovery Authority says it could step into the property market to stop land prices sky-rocketing but is confident it won't have to.
The Christchurch earthquake looks to have dashed hopes of a pickup in household spending this year.
A photograph of a cake stall at the Gap Filler Fun Fair. In the background is a stall selling clothing.
The moving of the Post Office from Market Square to its new site in Cathedral Square, was a significant development in Cathedral Square’s importance in Christchurch business and city life. Th…
Some Christchurch business owners are criticising the government for winding down the earthquake support package. The Government has extended the package, which pays employees of quake effected business a wage subsidy for two more weeks.
A review of the week's news including the aftermath of Auckland's killer Tornado, the pros and cons of the castration of serial sex offenders, the current state of the property market, the RNZAF's first revamped Orion on show, a Penthouse posing teacher's registration is revoked, Rugby World Cup opportunities for NZ business, a heroic ship wreck rescue remembered 80 years on and a true story of 'the show must go on' in the aftermth of the Christchurch earthquake.
A review of the week's news including the aftermath of Auckland's killer Tornado, the pros and cons of the castration of serial sex offenders, the current state of the property market, the RNZAF's first revamped Orion on show, a Penthouse posing teacher's registration is revoked, Rugby World Cup opportunities for NZ business, a heroic ship wreck rescue remembered 80 years on and a true story of 'the show must go on' in the aftermath of the Christchurch earthquake.
Questions to Ministers
1. Hon ANNETTE KING to the Minister of Finance: When he said recently "where the Government does have some influence, we are working hard to keep prices low", which prices was he referring to?
2. DAVID BENNETT to the Minister of Finance: What are some of the likely impacts on the Government's finances of the Christchurch earthquake?
3. Hon DAVID PARKER to the Acting Minister for Economic Development: Does he stand by all his statements on economic development?
4. Dr JACKIE BLUE to the Minister for ACC: How many claims has ACC received since the tragic earthquake on 22 February and what steps has the Government taken to facilitate prompt compensation for those seriously injured?
5. Hon MARYAN STREET to the Minister of Civil Defence: What is the basis for according priority to entry of the red zone in the Christchurch central business district?
6. NIKKI KAYE to the Minister for Social Development and Employment: What support is the Government giving to non-government organisations in Christchurch affected by the earthquake?
7. Hon TREVOR MALLARD to the Prime Minister: What role did he or his department play in the decision to shift the Rugby World Cup quarter finals, from AMI Stadium to Eden Park?
8. JACQUI DEAN to the Minister of Corrections: What progress has been made toward the Government's commitment to encourage private sector investment in the New Zealand corrections system?
9. Hon DARREN HUGHES to the Minister for Tertiary Education: What specific policy changes has the Government made to increase the number of apprenticeships and other building-skills training programmes since the September Canterbury earthquake?
10. SUE KEDGLEY to the Minister of Commerce: Will he use his powers under Part 4 of the Commerce Act 1986 to call for an investigation into the dairy wholesale and retail milk market, following the release of the Ministry of Agriculture and Forestry's review of the domestic milk market in New Zealand; if not, why not?
11. CAROL BEAUMONT to the Minister of Women's Affairs: Does she support the retention of the stand-alone and independent Ministry of Women's Affairs?
12. JOHN HAYES to the Minister of Agriculture: What steps has the Government recently made to progress agricultural greenhouse gas research?
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).
Questions to Ministers
1. JONATHAN YOUNG to the Minister of Finance: What advice has he received about factors that lie behind the current turmoil we are witnessing on world financial markets, and what are the implications for New Zealand?
2. KEVIN HAGUE to the Minister of Labour: Does she still agree, as she did on 13 July 2011, with the comment made by Rt Hon John Key on 22 November 2010 that "I have no reason to believe that New Zealand safety standards are any less than Australia's and in fact our safety record for the most part has been very good"?
3. Hon ANNETTE KING to the Prime Minister: Does he stand by his answers to Oral Question No 1 yesterday when he said that the Leader of the Opposition is "just plain wrong" in relation to skills training?
4. KATRINA SHANKS to the Minister for the Environment: How have Government reforms to the Resource Management Act helped increase competition in the grocery business?
5. Hon CLAYTON COSGROVE to the Attorney-General: Will he meet with earthquake victims' families to hear directly why they need independent legal representation; if not, why not?
6. Hon JOHN BOSCAWEN to the Minister of Finance: Does he stand by his statement that "I think the New Zealand Institute of Economic Research is referring to some longer-term issues around demographic change and healthcare costs, and we share the chief executive's concern"?
7. DARIEN FENTON to the Minister of Labour: What is the timeline of the ministerial inquiry into the treatment of foreign fishing crews in New Zealand waters?
8. CHRIS AUCHINVOLE to the Minister for Communications and Information Technology: What progress is being made on the Government's goal of delivering fast broadband to rural areas?
9. Dr KENNEDY GRAHAM to the Minister for Canterbury Earthquake Recovery: Does he agree that an appropriate part of the "red zone" area along the Avon River through Christchurch should be transformed into a "green space" for memorial and recreational public purposes?
10. STUART NASH to the Minister of Finance: Does he believe the tax system is fair for all New Zealanders?
11. KANWALJIT SINGH BAKSHI to the Minister for Social Development and Employment: What steps has the Government taken to manage gateways between benefits?
12. KELVIN DAVIS to the Minister of Education: Does she stand by all of her answers to Oral Question No 8 yesterday?
Questions to Ministers
1. CHRIS AUCHINVOLE to the Minister of Commerce: What legislative and regulatory steps has he taken to help restore investor confidence in the financial markets?
2. Hon ANNETTE KING to the Minister for Social Development and Employment: Does she stand by her reported statement that it would be pre-emptive to rule anything out because the Government was still working its way through extensive recommendations by the Welfare Working Group?
3. TE URUROA FLAVELL to the Minister of Transport: Ka aha ia ki te whakapaipai ake i te āhua o ngā rori i te tuawhenua, he hapori Māori nei te nuinga o ngā tāngata ki reira, ā, e kiia nei e ētahi, he pērā aua rori ki ngā mea o ngā ao pōhara rawa atu?
* Translation: What will he do to improve the conditions of roads in rural, predominately Māori communities, some of which have been described as of third world status?
4. Hon TREVOR MALLARD to the Prime Minister: Does he stand by his answer to Oral Question No 1 yesterday in relation to unemployed 15 to 19-year-olds, "If we look at the household labour force survey, we see that there are 26,700 people in the 15 to 19-year-old category"?
5. TIM MACINDOE to the Minister of Health: What progress are district health boards making in providing faster cancer radiation treatment for patients?
6. GRANT ROBERTSON to the Minister of Health: Are district health boards being funded sufficiently to maintain the level of services they provided in 2010/11?
7. KEVIN HAGUE to the Minister of Labour: When will the new chief inspector for mining and additional inspectors in the planned High Hazards Unit become operational?
8. CHARLES CHAUVEL to the Minister of Justice: Does he agree with the Chief Justice that the scheme for disclosure by the defence in criminal cases contained in the Criminal Procedure (Reform and Modernisation) Bill is "inconsistent with the defendant's right to have the prosecution prove its case beyond reasonable doubt" and with the late Chief District Court Judge that punishment at sentencing for procedural non-compliance "is conceptually incoherent and therefore arbitrary"?
9. Hon TAU HENARE to the Minister for Social Development and Employment: What is the Government doing to help teen parents get ahead?
10. Hon LIANNE DALZIEL to the Minister for Canterbury Earthquake Recovery: How many letters of offer from the Crown will be sent to insured residential red zone property owners this week?
11. NIKKI KAYE to the Minister of Internal Affairs: What announcements has he made today on improving flexibility for community groups receiving grants from gaming societies?
12. DARIEN FENTON to the Minister of Labour: Does she stand by her statement about making changes to mine safety that "until the royal commission of inquiry makes its findings, we will wait accordingly"?
