The point about revitalising city centre hospitality is a complete red herring.
6500 public servants were sacked earlier this year. Most of them were in Wellington, a city of 200k souls. Even you add in the Hutt Valley and Kapiti Coast, that's maybe 400k people. So a working population of maybe 200k. Not all the sacked public servants were in Wellington, but that still means around 3% of those who were working are now not. That automatically translates to a 3% cut in spending.
Given that many more public servants are now concerned about joining the dole queue and have cut discretionary spending to the bone, you can see that a 10% fall in spending is a direct consequence of the government's job cuts. That won't be spread evenly, so we can expect to see fewer shops, cafes and bars in town - and that means even more unemployment which in turn means less spending.
That's what's killing the Wellington hospitality trade.
You may have missed Friday's newsletter where I ran a ruler over telecoms market competition in the two years following the 2degrees merger.
Interested for any feedback on this: Do you have any insight into market competition?
https://billbennett.co.nz/2degrees-vocus-merger-competition/
I've spent time with an AI laptop the past couple of weeks and 'overinflated' seems a generous description of where end user AI is today.
There's no specific date in the Commerce Commission notification, it just says 12 months from today. I'd read that as by September 5, 2025.
Usually the Commnerce Commission goes through a consulting or engagement stage before setting down rules. That appears to have been done, so the mobile companies have 12 months to fix their maps.
The Commerce Commission has given carriers a year to lift their mobile coverage map game and wants simpler plan exits within six months. Customers are more satisfied with mobile than broadband. Amazon's New Zealand LEO plan emerges from stealth mode.
The Commerce Commission has given carriers a year to lift their mobile coverage map game and wants simpler plan exits within six months. Customers are more satisfied with mobile than broadband. Amazon's New Zealand LEO plan emerges from stealth mode.
This is a blatant self promotion of the latest newsletter from my site. If that's not allowed, I'll stop, but I wanted to see if there is any interest in discussing the main topic in today's newsletter.
In that context, it's not really piracy, it's cultural preservation.
Sure... I know lawyers say otherwise,
It's my theory that when all the externalities are taken into account, cruise ships cost New Zealand's economy far more than they contribute.
Of course there are the environmental costs. They probably outweigh any income on their own. But also, and it's just a 'for instance' every time a big ship docks in Auckland, the ferries are disrupted. On some days they are cancelled for hours which means hundreds of people have to make alternative travel arrangements. If that was fully costed, it would come to thousands of dollars for each docking.
And then there is the admin needed... I'm certain the cost of customs and passport control works out at more than $20 per passenger.
Fewer cruise ships could visit New Zealand if border levies are increased at short notice as is planned, the sector says.
File this one under: How to win friends and influence people