Stylish Collectors On The Best Investment Buy They've Made, From Art To Fashion To Accessories
In 2025, investment buying looks rather different, with even first-time luxury buyers not opting for flashy seasonal drops, but rather
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1News
an hour ago
- 1News
Man accused of murdering Nelson police officer Lyn Fleming named
The man accused of murdering Senior Sergeant Lyn Fleming in Nelson in the early hours of New Year's Day can now be named. He is 32-year-old Hayden Donald Jason Tasker of Motueka. Until now, he had interim name suppression, which lifted today. Tasker is facing a raft of charges including murder and attempted murder, which he has previously pleaded not guilty to. The charges relate to the incident shortly after midnight on New Year's Day in Buxton Square carpark in the central city. ADVERTISEMENT Fleming and her colleague Senior Sergeant Adam Ramsay were struck by a vehicle while on foot patrol. The vehicle then turned around and rammed a police patrol car, concussing another police officer and injuring two members of the public. Senior Sergeant Lyn Fleming. (Source: NZ Police) Ramsay was critically injured during the incident, but has since recovered from his injuries. Fleming later died in hospital surrounded by her loved ones, and was farewelled at a public funeral service held at the Trafalgar Centre on January 16. A private service was also held to honour her life. There was an outpouring of grief from the wider Nelson community, where Fleming was the area response manager. Police officers were brought into Nelson from other districts so that her colleagues could farewell the 62-year-old. ADVERTISEMENT The morning's headlines in 90 seconds, including a cold weekend on the way, Israel reveals a new plan in Gaza, and what not do when driving over a rail crossing. (Source: 1News) Police Commissioner Chambers said at the time that she was a daughter, a mother, a wife and a "well-known and highly respected" member of the Nelson community and the police since joining in 1992. "She was a beautiful soul, she was an outstanding police officer, and even I had the privilege of working alongside Lyn between 2012 and 2014," he said. "Lyn's qualities as a police officer are something that all New Zealanders can be proud of." Fleming was the 34th officer to die in the line of duty in New Zealand. She is also the first female officer and only officer from the Nelson region to be killed.
Scoop
an hour ago
- Scoop
On A Clueless Government Running A Jobless Economy
One of the whoppers told regularly by Nicola Willis and Christopher Luxon is that National inherited a terrible, no good economy from Labour, with rampant inflation and sky high interest rates that they have since -allegedly- brought under control. In reality, Labour had already got inflation under control. The inflation rate had fallen during the last quarter of 2023 to only 0.5 %. The annual inflation rate was 4.7% in December 2023,heading downwards from the 5.6% reached in the September 2023 quarter. In other words, what National inherited was the bog standard inflationary bubble that every developed country in the world experienced in the aftermath of measures taken during Covid to protect jobs and save firms and entire sectors (eg tourism) from plunging into what would otherwise have been the worst recession since the 1930s. At the time, business was calling for these inflationary support measures to be bigger, and to be kept in place for longer. To repeat: by the time the Luxon government took office, inflation was already in decline. Meaning : for Willis to be still blaming this week's terrible unemployment figures on the previous government is truly desperate stuff. People are out of work at levels unseen since the pandemic because of the ideologically-driven mistakes made by Willis and her Cabinet colleagues. For and Co (a) needlessly sacked tens of thousands of public servants (b) virtually shut down the construction industry at the estimated cost of 14,000 to 17,000 jobs in this sector alone and (c) pursued austerity measures when the weakening economy was actually in need of a government stimulus, which would have been the orthodox response to an economy teetering on recession. Instead, Willis slammed the brakes on. In desperation, the government is now turning for salvation to the Reserve Bank, and expecting the Bank to do the opposite, and stimulate the economy (and household spending) with interest rate cuts. Rate cuts are unlikely to do the trick. When people are being randomly sacked, are fearful of losing their jobs and are having the real value of their wages cut, it will take a lot more than a 25 point or 50 point rate cut to get them back spending up large in shops, cafes and restaurants. Retailers hanging on for a consumer-led recovery might be better advised to cut their losses and move to Australia. Because the policies of this allegedly 'business friendly' government are burying them alive. Counting the costs Here are the grisly details. Unemployment is running at a seasonally adjusted rate of 5.2%, the highest rate since the pandemic in 2020. That means roughly 158,000 New Zealanders are out of work. Tens of thousands more are under -employed. These are the people working in part time jobs while wanting more, or people who have simply given up looking for jobs that no longer exist. At the same time, Social Development Minister Louise Upton is flogging them with benefit sanctions if they fail to persist in this fruitless exercise. The jobs outlook is dim. As Stats NZ figures indicated this week, underemployment is accelerating : The underutilisation rate, a measure of untapped labour market capacity which includes people who are unemployed or underemployed, was 12.8% in the June 2025 quarter. It was 12.4% in the March 2025 quarter and 11.9% in the June 2024 quarter. At the same time, the ratio of people in paid work is falling : The employment rate was 66.8%, down from 67.1% in the March quarter and 68.3% a year ago. Wages are also in decline: Annual wage inflation was 2.4%, compared with 4.3% in the June 2024 quarter. Young people (and others) have read the signs and are leaving for a better life in Australia and beyond. What trained graduate with a big student loan wouldn't do likewise? In Auckland, the jobless rate is estimated to be over 6%. Wellington's jobless rate has risen from 3.4% twelve months ago to 4.8 % now, after Willis took a chainsaw to the public service, to the detriment of the Capital's retail economy. The few signs of life are out in the regions, where the benefits of high commodity prices on global markets are trickling into provincial towns and cities. Thanks to foreigners. The domestic battle against rising costs is being lost. Annual inflation is currently running at 2.7% i.e. ahead of the 2.2 % wage growth in June 2025, which was the lowest reading since June 2021. Wages are set to sharply deteriorate further – given the 1% wage offers being put on the table for teachers, and the 3% (over two years!) pay offer to nurses. There is an ugly term for the ugly condition being created by the raft of contradictory government policies: stagflation. It occurs when efforts to stimulate growth get cancelled out by policies to keep inflation in check. Businesses facing rising costs lay off staff, and when demand falls, they lay off more in a negative spiral that they then try to counter by raising their prices. Costs and job losses mount in tandem. The result is stagflation: a condition marked by high prices, slow growth, high unemployment and prolonged economic stagnation. It can last (eg Japan in the 1990s) for a very long time. We shouldn't be in this mess. Basically, the Luxon government had one job to do. It had to continue the battle against inflation that was already being won in late 2023, at the time when they took office. It has bungled that job, spectacularly. (So much for the myth that centre-right governments are better at running an economy.) To cap things off, the coalition government may be re-losing the fight against inflation as well. The latest ANZ Roy Morgan poll makes grim reading on that point : Inflation expectations lifted 0.2 pts to 5.1%, the highest since April 2023. Food price inflation of 4.2% y/y probably has a lot to do with it. Footnote : Incidentally, that's a thing to keep in mind about the averages in official statistics. The headline news has been that inflation is back within the RBNZ's target range of 1-3%. That offers little consolation to households where people are losing their jobs, the real value of wages is falling and food prices are still increasing at over 4%. That is also not a scenario in which a consumer-led recovery is going to break out anytime soon. Out of Work Songs about hardship are eternal, and this beautiful song by Stephen Foster - America's first professional song-writer – was written in 1854, 171 years ago. Great rendition here by Jennifer Warnes and a few of her friends : It may sound even more dated, but the sentiments of this early 1980s track by Gary US Bonds are also timeless. 8 A.M., I'm up and my feet beating on the sidewalk Down at the unemployment agency, all I get is talk I check the want ads but there just ain't nobody hiring What's a man supposed to do when he's down and Out of work I need a job, I'm out of work
Scoop
2 hours ago
- Scoop
Faster Access To Neurosurgery For South Islanders
Minister of Health Fewer South Island patients are waiting for life-changing neurosurgery, with more people getting the specialist treatment they need faster, Health Minister Simeon Brown says. 'Neurosurgery is vital for treating serious brain and spinal conditions that can dramatically affect lives if left too long,' Mr Brown says. 'Putting patients first means making sure every Kiwi can access timely, quality healthcare when they need it, and that is exactly what our focus is on for the South Island.' Between November 2023 and March 2025, the number of people waiting for neurosurgery in the South Island has fallen by 22 per cent, from 98 to 76. The number waiting longer than four months for surgery has dropped by 45 per cent, from 31 to 17. 'This is great progress, and it is making a real difference to people's lives. 'Whether it is a parent needing urgent brain surgery to be there for their children, or a worker recovering from spinal treatment and returning to their community, this is about delivering for patients.' This improvement follows a difficult period when the neurosurgery waitlist in the South Island rose by 92 per cent between 2020 and 2023, putting extra pressure on patients and health services. 'These results show our focus on reducing waitlists is delivering. We are investing in surgical teams, boosting capacity, and working closely with hospitals to ensure more New Zealanders get the specialist care they need sooner. 'This progress also reflects the hard work and dedication of our frontline health professionals, whose commitment to patient care is critical to achieving these results. 'We're also focused on ensuring that the longest waiting patients get the care they need. That's why it's encouraging to see not only the total waitlist coming down, but the number of people waiting more than four months reducing at a faster rate of 45 per cent. 'This is all part of our plan to provide timely, quality healthcare for every New Zealander. If you need specialist treatment like neurosurgery, you should be able to get it when you need it.' Reducing wait times for elective procedures is a key priority for this Government. Our health target is clear – by 2030, 95 per cent of patients will be treated within four months. 'Patients are still waiting too long, and there is still more work to do, but this latest data shows we are heading in the right direction,' Mr Brown says.
