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Letters: House prices and cheap money, alcohol harm, exotic trees and electric trams

Letters: House prices and cheap money, alcohol harm, exotic trees and electric trams
3 May, 2021 05:00 PM
9 minutes to read
One writer says the age-old housing shortage is here to stay and the availability of cheap money will continue to push up prices. Photo / Dean Purcell.
One writer says the age-old housing shortage is here to stay and the availability of cheap money will continue to push up prices. Photo / Dean Purcell.
NZ Herald
It s past time to rein money
The 40 years of rising house prices (NZ Herald, April 30) shows a very large increase since 2016. The Government has introduced measures to try and slow down these ....

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Singapore and region stand to benefit from RCEP free trade agreement: MAS

Individual countries in the trade bloc are expected to see a small boost in their GDP of between 0.4 and 0.6 per cent. - ST
SINGAPORE (The Straits Times/ANN): The world s largest trade pact will reduce tariffs and harmonise trade rules, and Singapore and the region stand to gain from it by being more deeply plugged into global supply chains.
This is the conclusion drawn by the Monetary Authority of Singapore s biannual macroeconomic review released on Wednesday (April 28), which said that the Regional Comprehensive Economic Partnership (RCEP) is expected to increase regional trade flows and deepen cross-border production linkages among its 15 member economies. ....

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Monetary sovereignty of central banks should be respected: former governor of the Chinese central bank--China Economic Net

The monetary sovereignty of national central banks should be respected. Meanwhile, digital technology can still be used to greatly improve convenience, said the former governor of the Chinese central bank on Sunday.

Perhaps in the long run there will be a move towards monetary integration, but it doesn t work yet, Zhou Xiaochuan, Vice-Chairman of the Board of the Boao Forum for Asia (BFA), former governor of the People s Bank of China (PBC), said on Sunday at a panel for digital payments and digital currency at the BFA in South China s Hainan Province.

Zhou added that each country has its own control over the economy and currency sovereignty. Therefore, if the central bank s digital currency was to be developed, many countries will have their own digital currencies, which are based on their own currency and under their own rules. In this case, the cross-border use of digital currency is very complicated. ....

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Market close: Late surge lifts NZ sharemarket to gain

Market close: Late surge lifts NZ sharemarket to gain
14 Apr, 2021 05:35 AM
4 minutes to read
The a2 Milk Company continued to recover, rising 6c to $8.95. Photo / Supplied
NZ Herald
By: Graham Skellern
The New Zealand sharemarket had a late surge after trading flatly for most of the day as the Reserve Bank signalled business-as-usual in its monetary policy.
The S&P/NZX 50 Index closed 94.96 points or 0.75
per cent ahead at 12,751.38, after moving from an intraday low of 12,656.42. There were 85 gainers and 55 decliners over the whole market on steady volume of 56.15 million share transactions worth $193.13 million.
The Reserve Bank maintained its loose and easy policy, as expected, with no changes to the 0.25 per cent official cash rate, the funding for lending and the $100 billion cap on large-scale asset purchases – the latter two programmes running through to June next year. ....

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Steve Daines: 'Outrageous' States Handing Illegal Aliens Cash While Millions Unemploy

Steve Daines: Outrageous States Handing Illegal Aliens Cash While Millions Unemployed
Sen. Steve Daines (R-MT) said in a statement Monday that it is outrageous that states continue to hand illegal immigrants cash payments while millions of Americans are unemployed; he said he will introduce legislation to address this concern.
Daines announced he will soon introduce legislation to stop federal taxpayer dollars from going to states that make direct or indirect payments to illegal immigrants. Daines announced the legislation after news reports found that New York created a $2.1 billion fund to provide illegal immigrants payments, which could then be covered by the Democrats $1.9 trillion coronavirus package. ....

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