New Zealand Listener

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In this week's New Zealand Listener

September 11-17 2010 Vol 225 No 3670

Features

  • Cover Story 10 things you need to know about New Zealand's ‘grumpy’ economy
    Two years after the global financial system went into crisis, aftershocks are still being felt here in the South Pacific. An era of easy borrow­ing and inflated assets is hitting home, most recently in the shock failure of South Canterbury Finance. ❥ The reckoning isn’t over yet. It isn’t just the finance companies that have been staggering under heavy and unsustainable debt. Many New Zealanders are, too, and property values may have further to fall. ❥ With our small, open economy, we are buffeted by events far away. The world’s biggest economy, America’s, is experiencing a weak recovery. Federal Reserve chairman Ben Bernanke recently warned that the US economy faces “unusual uncertainty”. The global recovery is so fragile, says Standard & Poor’s global chief economist David Wyss, that there is still a one-in-three chance of another financial crash. He says an oil price shock or financial markets turmoil could trigger another crash. These are times of flux. What comes next?

  • Feature The worst of years by Jane Clifton
    As New Zealand emerges from the global financial crisis, Reserve Bank governor Alan Bollard reveals just how precarious the situation was.

  • Feature Go with the flow by David Lomas
    Rivers are the arteries that supply life to New Zealand. But a renowned photographer asks whether we are killing those vital waterways.

  • Feature Running our sweet waters
    Following the August 14 cover story on the high environmental cost of dairying, Professor Walter Clark looks at how we ended up in this mess.

Arts & Books

  • Theatre A dab of colour by Elspeth Sandys

  • Film Out of the golden cage by David Larsen

  • Music Riddim section by Jim Pinckney

Books

  • Books Free & uneasy by Claire Allfree

  • Books Katherine and the Flying Wheel by Vincent O'Sullivan

  • Books Juggling act by David Eggleton

TV & Radio

Columnists