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There’s a lot going on with New Zealand’s economy at the moment – rising interest rates , high inflation , falling GDP, and talk of a possible recession . Stuff’s latest quarterly publication The Monitor takes a deep dive into what’s going on – are we headed for a hard landing? Where is our next driver of growth? And what’s in store for tourism? To mark the publication, Infometrics economists Brad Olsen and Gareth Kiernan joined Stuff’s Business Editor Susan Edmunds on Monday morning to discuss the state of the economy and answer readers’ questions. You can catch up on the discussion below. … [Read more...] about The Monitor: Brad Olsen and Gareth Kiernan from Infometrics discuss NZ’s economy

The following is a transcript of an interview with Democratic Rep. Pete Aguilar of California that aired Sunday, June 26, 2022, on "Face the Nation." MARGARET BRENNAN: California congressman Pete Aguilar is a member of the January 6 Select Committee and he joins us from New York. Good morning to you, Congressman. REP. PETE AGUILAR: Good morning, Margaret. MARGARET BRENNAN: We also heard sworn testimony that the former president spoke to the Justice Department and Homeland Security about seizing voting machines. There was testimony this week that a Pentagon official and the Defense Secretary, the Acting Defense Secretary, were chasing a conspiracy theory about Italian satellites changing votes. These are outrageous ideas. But- but how far did this actually get? REP. AGUILAR: Well, I think what the- the testimony, and- and what we have laid out clearly indicates that the President, you know, knew he lost the election. And then he continued to gravitate to these conspiracy … [Read more...] about Transcript: Rep. Pete Aguilar on “Face the Nation,” June 26, 2022

Kiwi UFC fighter Carlos Ulberg has scored a commanding knockout win at UFC Vegas 57. The 31-year-old light heavyweight fighter needed a mere 75 seconds to see off Cameroon’s Tafon Nchukwi on Sunday (NZ time), as he continues to impress early in his MMA career. In what was just his third UFC outing, Ulberg, who went into the bout as an underdog, caught Nchukwi with a strong left hook a little over a minute into the first round. After stumbling backwards, a stunned Nchukwi then copped a flurry of punches from Ulberg, who finished things in brutal style, as his City Kickboxing mates, including Israel Adesanya, and Brad Riddell, celebrated wildly cage-side. READ MORE: Israel Adesanya to defend UFC belt against Jared Cannonier Charles Oliveira submits Justin Gaethje at UFC 274 after losing world title on scales Dan Hooker returning to lightweight and more calculated approach The sublime performance takes Ulberg to a 5-1 MMA career record, and 2-1 in the … [Read more...] about Kiwi Carlos Ulberg in commanding win over Tafon Nchukwi at UFC Vegas 57

On this "Face the Nation" broadcast moderated by Margaret Brennan: Michigan Gov. Gretchen Whitmer South Dakota Gov. Kristi Noem Rep. Pete Aguilar, Democrat of California Marc Short , chief of staff to former Vice President Mike Pence President of the World Bank Group David Malpass Click here to browse full transcripts of "Face the Nation." MARGARET BRENNAN: Good morning, and welcome to Face the Nation. I'm Margaret Brennan. Last week, we saw several seismic developments here in Washington that will impact Americans and our democracy for years to come. We are living in the thick of unprecedented upheaval around the country and the world, and we are all feeling its impact. Just this morning, our CBS News poll puts the number of Americans feeling that our democracy is under threat at 72 percent. For the first time in nearly 50 years, tens of millions of American women begin the week without the protection of a constitutional right to an abortion. … [Read more...] about Full transcript of “Face the Nation” on June 26, 2022

Anyone could be forgiven for wondering whether the economic recovery from Covid was coming or going. This was the year when we were supposed to be putting the pandemic behind us and re-opening the border. Yet, all of a sudden, business confidence is through the floor and the talk is not just of high inflation but of the risk of recession. The big question on economists’ minds is whether we are going to have a “hard” or a “soft”landing. So, why the gloom? The case for a ’hard landing’ The economy is in the early throes of being beaten with a big stick. The Reserve Bank has doubled the official cash rate to 2% since the start of April and has forecast it will double it again to 4% by the middle of next year as it seeks to regain control over inflation. Mortgage rates won’t set any historic records, but the problem is recent buyers are sitting on a mountain of debt. Mortgage debt stood at $331 billion at the end of March, having risen by $52b over just two … [Read more...] about Tom Pullar-Strecker: Is the economy headed for a hard landing?