The Reserve Bank has released its December quarter inflation figures, with the CPI falling 0.2% to 0.8%, below the Bank’s forecast (a 0.1% rise) and outside the Bank’s target range (1-3%). The general belief is that this has come about as a result of the global oil price crash we have witnessed over the last couple of months.
BNZ have received criticism recently, being accused of ‘airbrushing’ history on its website, by leaving out two giant government bailouts from its history section.
The Meatworkers Union have started a campaign called ‘Jobs That Count’ aimed at helping the 1000 members they have working for AFFCO Talleys to get a fair collective agreement.
Thy have been trying to get a fair deal for over a year now, and from 6 March new employment laws will make it easier employers to walk away from negotiations.
Non-bank financial institutions made a net profit of $263 million in the year to 30 September (a more than $100 million increase), according to the latest KPMG financial institutions performance report.
However the report also details how the big NZ banks had “not been afraid to act in a predatory manner”, venturing outside their area of expertise and poaching customers.
The dividends paid out to shareholders of the big four Australian-owned banks – ANZ, ASB, BNZ and Westpac, have nearly tripled in the 2014 financial year, from $920 million to $2.561 billion.
ANZ has almost doubled from last year’s record high of $720 million to $1.366 billion, BNZ is up from $110 million to $420 million, ASB is up from $90 million to $400 million and Westpac is up from no dividend to $375 million.
Workers at Anglican Family Care in Dunedin, Alexandra and Balclutha are glad to be back at work after a tumultuous week in the lead-up to Christmas.
This week nearly 30 staff, who had been in bargaining since May with little progress, took low-level industrial action – things like not washing their cars. AFC responded by suspending the workers without pay.
By the time everyone has popped their crackers this Christmas the jokes will be flowing like eggnog. Here’s a couple to get you started:
Q: What’s the difference between the Christmas alphabet and the ordinary alphabet? A: The Christmas alphabet has Noel.
Q: What do you call an obnoxious reindeer? RUDEolph.
Q: Why was Santa's little helper depressed? A: Because he had low elf esteem.
Q: What nationality is Santa Claus? A: North Polish.
An unprecedented third round of meetings is currently taking place, with the expectation that the bank’s offer will not be accepted by members.