President Joe Biden laid out his 3-point plan to tackle inflation ahead of his meeting with the chairman of the Federal Reserve. What are Biden’s solutions for tackling soaring prices and can we expect them to yield results? Gas prices seem to be hitting record heights on a daily basis. What are the impacts on…
Capitol Report (May 31): Hillary Clinton Campaign Lawyer Acquitted; Biden Plan to Cut Inflation
May 31, 2022
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‘Dangerous’: Think Tank on NZ PM Call for More Government Control Over Social Media
New Zealand Prime Minister Jacinda Ardern’s call for greater social media oversight to prevent “misinformation” and “radicalisation” is very dangerous, according to a think tank director. On Friday, Ardern’s Harvard keynote speech identified social media as a threat to democracy, calling on tech giants to work with governments to do more to address misinformation. Muriel…
Antipodean Dairy Firms Eye Baby Food Supply to US After Bubs Australia Nod
Dairy companies in Australia and New Zealand are queueing to restock empty shelves in the United States with baby food, after the country recently relaxed its import policy to mitigate one of the biggest infant formula shortages in recent history. New Zealand’s dairy giants Fonterra and a2 Milk, and privately-run Australian firm Bellamy’s Organic confirmed…
California and New Zealand Pledge to Fight Climate Change Together
May 28, 2022
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California and New Zealand have entered into what Gov. Gavin Newsom’s office described as an “international climate partnership” with aims like cutting pollution and fighting global warming, with officials signing a buzzword-heavy document on accelerating the transition to a “carbon-neutral future” that is “equitable,” “sustainable,” “resilient,” and “inclusive.” The Memorandum of Cooperation (pdf), signed on…
New Zealand Increases Official Cash Rate to Rein in Inflation
May 25, 2022
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The New Zealand Reserve Bank has hiked interest rates by half a percentage point to two percent as it battles to contain inflation, which is currently at a 30-year high of 6.9 percent. It is the second consecutive 50 basis points (bp) increase to two percent, with the Reserve Bank of New Zealand (RBNZ) indicating…
Jacinda Ardern to Visit the United States for Tourism Promotion
New Zealand Prime Minister Jacinda Ardern will visiting the United States on a trade mission to promote trade and tourism as the country opens up from two years of COVID-19 restrictions. The prime minister departs on Monday evening, local time, and will visit New York, Washington D.C., Boston, San Francisco, and Seattle. It is still…
Ardern Government Unveils Unprecedented Spending in 2022 Budget
May 19, 2022
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The New Zealand government has revealed its 2022 budget on May 19, with a focus on relieving cost-of-living and record health investment. Prime Minister Jacinda Ardern said the government had set out to give people as much certainty and security as possible in the budget. “That is what we have set out to do in…
New Zealand Emissions Reduction Funding for Agriculture Paid by Other Sectors
May 18, 2022
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As part of the New Zealand government’s emissions reduction plan announcement for the 2022 budget, $710 million (US$450 million) has been promised to support the agriculture industry’s efforts to lower emissions, despite not contributing a cent to the funding pool. The agricultural industry is both New Zealand’s biggest export earner and the biggest contributor to…
New Zealand Government to Use Emission Trading Scheme to Fund EV Rollout
May 17, 2022
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New Zealand families will be encouraged to scrap their old vehicles in exchange for low-emission alternatives under the government’s Emissions Reduction Plan, with more details to be revealed when the 2022 budget is released. “This is a landmark day in our transition to a low emissions future,” Prime Minister Jacinda Ardern said. “This is a…
New Zealand Launches Trade Dispute Against Canada
New Zealand has filed a trade dispute against Canada’s implementation of dairy tariff rate quotas, that sets how much dairy products are able to cross the border tariff-free. The proceedings are being filed under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the first of its kind. Trade Minister Damien O’Connor said on May…
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