Posts by Sacha
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Hard News: Limping Onwards, in reply to Megan Clayton,
academic intellectualism, if not exactly private, is in practice not more widely visible
frustratingly so, yes
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Hard News: Time to get a grip, in reply to Kumara Republic,
Credit goes to Mr Litterick actually.
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Economist Matt Nolan briefly ponders the moral hazard.
insurance firms will discount these large scale low probability events – and take on more risk when providing loans. Their willingness to take on more risk than is socially optimal will be paid for by tax payers.
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AMI provides some Q&A.
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Hard News: Time to get a grip, in reply to David Hood,
Interesting. I imagine they'll end up sold off, won't they?
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Hard News: Limping Onwards, in reply to BenWilson,
years of pressure from a particular clique of ideologues
quite - always worth remembering when any position is presented as so powerful it doesn't need arguing
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Cracker: Sydney-side, in reply to JLM,
a plug here for the Auckland Transport Blog
I love their work. Extends to thought-provoking big-picture pieces like this guest post by planning historian Chris Harris.
What both these articles point to is that Len’s team seems to have a strong focus on the South and West, while their government-backed critics seem to think that Auckland’s suburban future lies mainly north of the Auckland Harbour Bridge.
This difference of perspective is a manifestation of a very real and growing division between two Aucklands, one white or East Asian and prosperous; the other poorer, browner and, these days, much more likely to be unemployed. The one made up of settler landlords, the other made up of their indigenous tenants. The one conservative, the other nationalist and radicalised.
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This probably does not reflect a conscious plan to bring about growing segregation and estrangement between Two Aucklands. Rather, it reflects the fact that most roading plans have a short term and risk-averse logic. They meet current travel demands that link middle class settler suburbs to office parks, and poorer, indigenous suburbs to warehouses.
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Hard News: Time to get a grip, in reply to Kumara Republic,
AMI Insurance covers many smaller policies and has been exposed to two large payout events in a statistically-unlikely short time. I don't have a problem with a government guarantee while the company sorts out other financing or ownership. Seems way fairer than SCF with its moral hazard-inducing related party and rural finance sector shennanigans.
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Hard News: Limping Onwards, in reply to Emma Hart,
another word for a "troll" who actually believes what they're saying
fool?
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Hard News: Limping Onwards, in reply to Keir Leslie,
Are you seriously arguing that courses on the LOTR could have no monetary return to New Zealand?
More basically, that the only thing that counts is an easily-discernable monetary return. Fuck off back to the 80s would be my terse response.