Podcasts about aotearoa new zealand

Originally from the US, Sharon shared her inspiring journey into the world of midwifery—a calling that has taken her across the globe. From supporting births in the US, Cambodia, Tonga, Benin (West Africa), the Peruvian Amazon, Mexico, and Aotearoa New Zealand, Sharon's deep passion for whānau-centred care has left a powerful imprint in every place she's been. Sharon moved to NZ with her husband Dave and their three children (Adam, Sarah, and Will) in 2003, after time in Cambodia. She knew New Zealand was where she wanted to work as a midwife—and raise her family. For years, they called Stratford home, where Sharon managed the maternity unit until its closure in 2015—a heartbreaking time for her and the community.

In this episode of Bad Diaries Podcast, Tracy talks with writer and academic Chris Brickell about ferreting in the Hocken research collections, the joy of collaboration, and editing writers' diaries for publication.Tracy's just back from a 6-week residency at Robert Lord Writers Cottage in Ōtepoti Dunedin, where she met Chris Brickell and Vanessa Manhire who, with Nonnita Rees, edited Robert Lord Diaries (OUP 2013). In this chat recorded for the podcast, Tracy starts by asking Chris whether it feels transgressive to open another person's diary.Chris is also editor of James Courage Diaries (OUP 2021), and Tracy and Chris talk about some of the similarities and differences between these two New Zealand writers, and the challenges – and rewards – of editing and publishing their diaries.Chris Brickell is a Professor in the Sociology, Gender Studies and Criminology Programme at University of Otago. He has written extensively on the history of gay men in Aotearoa New Zealand. His books include: Mates and Lovers: A History of Gay New Zealand (Godwit, 2008); Teenagers: The Rise of Youth Culture in New Zealand (AUP, 2017); Queer Objects (OUP, 2019, co-edited with Judith Collard); James Courage Diaries (OUP, 2021); and Robert Lord Diaries (OUP, 2023, co-edited with Vanessa Manhire and Nonnita Rees).Find full show notes for this episode on the Bad Diaries Salon website baddiariessalon.com, or get in touch via Instagram or Facebook – we're @baddiariessalon everywhere.Thanks for joining us for Bad Diaries Podcast! Don't forget to subscribe, rate and review us, wherever you get your podcasts.Bad Diaries Podcast Season 3 is recorded and produced in Te Whanganui-a-Tara Wellington, Aotearoa New Zealand, on the iwi lands of Taranaki Whānui, and Ngāti Toa Rangatira. Seasons 1 & 2 were also recorded in Naarm Melbourne, Australia, on the lands of the Kulin Nation. We pay our respects to Mana Whenua, and to Elders past, present and emerging, of these lands.

Aotearoa/New Zealand artist Marlon Williams spent five years on his latest album, Te Whare Tīwekaweka, which is entirely in the Māori language. The release coincides with the current New Zealand coalition government limiting the use of the Indigenous language in the public service, and the suspension of three MPs who performed a Māori haka in protest of a bill which has been criticised as reversing Indigenous rights. Marlon Williams speaks to Reged Ahmad about singing in his first language on the international stage, and performs a song from the album in the Guardian Australia studio You can support the Guardian at theguardian.com/fullstorysupport

Gareth Hughes is a former Member of Parliament, political commentator, author, and passionate advocate for economic transformation. With a decade of experience in Parliament representing the Green Party, Gareth held key roles including Party Whip, strategist, and Chair of the Social Services and Community Select Committee. Before his time in politics, Gareth led climate campaigns with Greenpeace, helping to drive awareness and action on critical environmental issues.Gareth now serves as Director of WEAll Aotearoa Wellbeing Economy Alliance, a Te Tiriti-led, non-partisan ‘think and do' tank focused on reimagining Aotearoa New Zealand's economy to prioritise the wellbeing of people and te taiao (the natural world). Through research, advocacy, and coalition-building, the WEAll Aotearoa team are helping to shape a future where thriving communities and ecosystems are at the heart of economic decision-making.In this episode, we discuss:Gareth's journey from climate activism to Parliament to economic systems changeHow his personal and political experiences shaped a deep commitment to systemic economic changeWhy the current economic model is failing—and why change is urgentWhat a well-being economy really means (and what it's not)Challenging common myths about economic growth and prosperityWhy Aotearoa needs an economy that works for everyone, within planetary boundariesThe mission and work of WEAll Aotearoa—empowering communities, policymakers, and businesses to co-create changeThe Wellbeing Economy Alliance—a global movement, now in 19 countriesTools and frameworks for action, including the Wellbeing Economy Policy Design GuideBusiness as a force for goodGareth's nationwide listening tour—hearing how everyday New Zealanders want the economy to workBarriers to shifting the system, and how we can overcome themWhat success could look like, and Gareth's message of hope and actionHow you can support WEAll Aotearoa and get involved in the movementGareth offers a hopeful, grounded, and inspiring conversation about how we can reimagine the economy to truly serve both people and the planet.To view all the links to the websites and documents, visit the show notes on our website.Please support our work and enable us to deliver more content by buying us a coffee or becoming a member of Athletes for Nature.Follow us on Instagram, Facebook and Bluesky, subscribe to this podcast, and share this episode with your friends and family.

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the hot-war tensions in the Middle East from Israel's attack on Iran has generated substantial financial market reaction. And a 'hot' war between Israel and Iran could go on for a very long time. The first three days may only be the startThe gold price has jumped. The oil price has soared. Equity prices are falling, although the futures market suggests Wall Street may open tomorrow unchanged. Bond yields are up after an earlier risk-aversion fall. The US dollar has been falling but is now in a wavering phase.Coming up this shortened week locally are a first look at May inflation with the selected price indexes, and on Thursday, Q1-2025 GDP. Expect a +0.7% expansion from Q4-2024. And there will be a full dairy auction on Wednesday.Geopolitical tensions in the Middle East will remain in focus next week following Israel's strike on Iran's nuclear facilities, heightening fears of a broader regional conflict. Markets will also be closely watching any progress on trade negotiations between the US and its key partners.Meanwhile, attention shifts to the G7 Summit in Canada, where leaders of the world's largest economies will meet to discuss major global challenges. But one not on the formal agenda is the US's trade war with these allies. Of course it will be a hot topic in non-official discussions. Of special interest will be the meeting between Australia's Albanese and Trump.It's also a busy week for monetary policy decisions. The US Federal Reserve (4.50%), People's Bank of China (LPR 3.0%), Bank of Japan (0.5%), and Bank of England (4.25%) are all expected to keep interest rates unchanged. Decisions are also due from central banks in Switzerland, Sweden, Norway, Turkey, Brazil, Indonesia, the Philippines, and Taiwan. On the data front, we get China's industrial production and retail sales, and Japan's trade data.Australia's May labour market data will be updated on Thursday. So a lot to absorb this week irrespective of the uncertainties swirling over the hot wars.Bur first in China, their banks extended ¥620 biln in new yuan loans in May, up from ¥280 bln in April, but that was the lowest level for that month since 2005. Despite the monthly rebound, the May new loan figure was way less than the expected ¥850 bln, and even lower than the ¥950 bln in May 2024. Low interest rates are not encouraging lending. The average rate in May was little-changed at 1.55%.Japanese industrial production also fell in April from March, down -1.1%, but remained +0.5% higher than a year ago.Malaysian retail sales were up +4.7% in April from a year ago, but as good as that sounds it is the weakest year-on-year rise since May 2023. And these gains are before inflation, which is running in Malaysia at only +1.4%.In the US was news American consumer sentiment improved in early June from May in the widely-followed University of Michigan survey which was taken June 2-7, 2025. Although this is the first improvement in the past six months, it is off a record low and is still -11% lower than year-ago levels. This survey pre-dates the current crises. And it predates the widespread (2000+) series of well-attended protest rallies in the US (attended by up to 5 mln people), even in the face of an assassination of one Democrat lawmaker and the attempted assassination of another. Given the Proud Boys Telegram chatter, this isn't so surprising.On the US West Coast, container traffic at the large Los Angeles shipping terminals fell in May. Import traffic was down -19% from April, down -9% from a year ago. Export loadings were down -5% from a year ago. (The Long Beach May data isn't available yet but it is likely to be similar.)North of the border, and perhaps somewhat surprisingly, Canadian vehicle purchases rose in April to 195,700, the highest level since June 2019. Perhaps this is boosted by buyers wanting to avoid tariff-related price hikes. The jump was country-wide and was +11% above the year-ago level.Meanwhile Canadian manufacturing sales fell -2.8% in April, with the tariff impacts starting to be felt. It was down -2.7% from a year ago. Recession risks are rising in Canada.EU industrial production sagged in April from March after a strong March gain, but managed to stay marginally higher than year-ago levels. The EU publishes this data on a volume basis, so this is a 'real' gain.Finally we should probably note that the price of lithium carbonate has now crashed -90% from its giddy height in 2022. It is now back to late 2020 levels before the frenzy.The UST 10yr yield is now at 4.41%, and unchanged from Saturday.The price of gold will start today at US$3,430/oz, and down -US$3 from Saturday but up +US$115 from a week ago. In contrast the silver price at US$36.17/oz is little-changed from a week ago.American oil prices are holding higher, although down -50 USc from Saturday at just on US$73/bbl while the international Brent price is now just under US$74.50/bbl. These are large jumps from a week ago on the war risks. And the full assessment of supply risks are not yet understood, so this price could be volatile this week.The Kiwi dollar is now just under 60.2 USc, down -10 bps from Saturday. Against the Aussie we are unchanged at 92.7 AUc. Against the euro we are down -10 bps at 52.1 euro cents. That all means our TWI-5 starts today at over 67.9 and down -20 bps from Saturday (shifted a bit by a fall against the British pound).The bitcoin price starts today at US$105,794 and up +0.6% from Saturday. Volatility over the past 24 hours has been low at just on +/-0.8%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

This episode is a part of the homebirth around the World Series. In this episode, I chat with Renee, a community midwife or a ‘LMC' on the North Island of Aotearoa  ‘New Zealand'. I was really excited to chat with Renee as New Zealand is often looked up to in terms of its midwifery care and homebirth access. Renee shares her journey to becoming a midwife and how the system works in Aotearoa. We cover homebirth rates and access, the challenges, risks and a bit about funding. Homebirth Aotearoa New Zealand College of Midwives - you can find a definition of an LMC here too https://www.tewhatuora.govt.nz/for-health-professionals/health-workforce-development/midwiferyReferral Guidelines Support the showConnect with me, Elsie, the host :) www.birthingathome.com.au @birthingathome_apodcast@homebirth.doula_birthingathome birthingathome.apodcast@gmail.com

Kia ora,Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news incoherent trade policies have driven the US dollar to its lowest level since 2022 as markets don't see any easing of geopolitical risks driven out of Washington. The US said it will set unilateral tariff rates on most trading partners at the end of the month.Meanwhile, US initial jobless claims came in at 245,000 last week, little-changed from the prior week. This embeds the recent higher level and extends the 2025 rising trend. We haven't seen two consecutive high-claims weeks since mid 2023. There are now 1.8 mln people on these benefits, +7.1 more than year-ago levels.The immigration crackdown on undocumented farm and hospitality workers is having ripple impacts on corporate America, with some major brands reporting stuttering sales.And the Congressional Budget Office has set out how the Trump Budget Bill will hurt middle and poor Americans, and enrich wealthy ones. It is a report sure to annoy the President.And he is already annoyed by the Fed not cutting interest rates.Separately, as analysts expected, US producer prices came in +2.6% higher in May than a year ago.The UST 30yr bond auction today saw a -7.5% fall in investor demand, mirroring the -10% drop in support we noted yesterday in the UST 10yr auction. The median yield came in at 4.80%, up from the 4.75% at the prior equivalent event a month ago.Elsewhere, India's CPI inflation fell to 2.8% in May from 3.2% in April and dipping below analyst expectations of 3%. This is their lowest reading since February 2019, so a six year low. It is also getting closer to the bottom of their central bank's inflation target range of 2%-6%. Food price rises fell to the lowest level since October 2021, and drove the easing.In Australia, the Melbourne Institute survey for June shows inflation expectations there rising to 5.0%, the highest level since July 2023 and up sharply from the 4.1% in May.International container freight rates were unchanged last week from the prior week to now be -26% lower than year-ago levels. A year ago rates were in a strong rising trend which lasted until July, then they eased steadily until May 2025. Bulk freight rates rose +6.8% last week from the week before to their highest level since early November. They are now -5.2% lower than year ago levels.The UST 10yr yield is now at 4.36%, and down -6 bps from this time yesterday.The price of gold will start today at US$3,383/oz, and up +US$60 from yesterday.American oil prices are up another +US$1.50 at just over US$68.50/bbl while the international Brent price is now just over US$69.50/bbl.The Kiwi dollar is now just over 60.6 USc, up +20 bps from yesterday. Against the Aussie we are also up +20 bps at 92.9 AUc. Against the euro we are down -20 bps at 52.4 euro cents. That all means our TWI-5 starts today at under 68.3 and essentially unchanged from yesterday.The bitcoin price starts today at US$108,419 and down -0.6% from yesterday. Volatility over the past 24 hours has been modest at just on +/-1.1%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again on Monday.

Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news China and the US seem to have agreed some sort of trade deal although the details are still quite fuzzy. However a key part seem to be that the US will only get access to the rare earth minerals on a 180 day rolling basis. That means Beijing will retain key leverage over these negotiations as they develop.From data out in the US, CPI inflation was recorded at 2.4% in May, up marginally from 2.3% in April but coming in lower than the +2.5% expected. Food prices however were up +2.9%, rents up +3.9% in this survey. The only reason the overall level was modest is that petrol prices fell -3.5% from a year ago.Interestingly, US crude oil prices were near a one-year high a year ago at US$78/bbl. Today they are at US$67/bbl. But they have fallen steadily from there so after August it seems likely that US petrol prices will generate upward pressure on their CPI, just about at the time tariff-tax flow throughs start to bite. Could get "interesting" in about 90 days.Meanwhile US mortgage applications jumped more than +12% last week from the prior weak three weeks. It is a pattern we have observed since September - three weeks of declines followed by a single week of recovery, usually because those holding off refinancing while waiting for rates to fall can't wait any longer. The benchmark 30 year fixed rate was unchanged last week at 6.93% plus points.There was another US Treasury 10 year bond tender earlier today, and this one featured an outsized fall in demand. There were more than -10% less bids than at the prior equivalent event. The median yield achieved was 4.38% today, up from 4.28% at that prior equivalent event.This is the first time we have seen a big fall-off in demand in these official tenders, so it will be worth keeping an eye on it going forward to see if this is a one-off, or the feared pullback in investor appetite for Trump-debt.At the same time, the US Budget Statement for May showed a monthly deficit of -US$316 bln, only marginally less than the -US$346 bln for the same month a year ago. Higher tariff collections at the border are getting the credit, of US$23 bln in the month. That would mean the DOGE has had zero impact on the budget. They have booked a -US$2 tln deficit in the twelve months to May, and on track for more than that for their fiscal year to September. If the current Budget Bill passes with its tax cuts for the rich, and suspension of the debt ceiling, you can see why investors would want sharply higher risk premiums for holding US federal debt when the mismanagement is so rife.In Canada, April building consents came in -6.6% below March levels to be -16% lower than year ago levels (which featured a strong April 2024 surge).In China, May vehicle sales came in at almost 2.7 mln units in the month with almost half of them NEVs. That puts sales for the past year at a remarkable 32.7 mln, and more than double the level in the US (15.6 mln units in the past year). One key reason is the Beijing-backed trade-in incentives that are designed to support their manufacturing activity through the tariff-war and their drive to build and rely more on internal consumption. It seems to be working with this incentive in place, but can they wean themselves off it?The UST 10yr yield is now at 4.42%, and down -5 bps from this time yesterday. The price of gold will start today at US$3,323/oz, and virtually unchanged from yesterday.American oil prices are up +US$2 at just over US$67/bbl while the international Brent price is now just under US$69/bbl.The Kiwi dollar is now just over 60.4 USc, basically holding from yesterday. Against the Aussie we are also holding at 92.7 AUc. Against the euro we are down -30 bps at 52.6 euro cents. That all means our TWI-5 starts today at under 68.3 and down about -10 bps from yesterday.The bitcoin price starts today at US$109,115 and up +0.4% from yesterday. Volatility over the past 24 hours has remained low at just on +/-0.8%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Around half of people with migraine disease turn to non-medication treatments to ease their symptoms, new research has revealed. The Migraine in Aotearoa New Zealand survey from University of Otago researchers asked participants about supplements and treatments they've used including magnesium and vitamin B2 or meditation, yoga and massage. Dr Fiona Imlach is an epidemiologist at the Department of Public Health at the University of Otago and founder of charity Migraine Foundation Aotearoa New Zealand. She says there is no one-size-fits-all approach to migraine treatment and that while there are some treatments out there that are not recommended, many non-pharmacological approaches can actually help - they just aren't available here.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news we are still waiting for indications of the China-US trade talks in London.Meanwhile, the World Bank said global trade expansion is now at its weakest since 2008 as the tariff tit-for-tat undermines it. They say without a swift course correction, "the harm to living standards could be deep". But they still see a global expansion of +2.3%, largely driven by China, Indonesia, Thailand and India. The retreat of growth in the US will be sharp they say halving in 2025 (+1.4%) from 2024 (+2.8%). The EU will be largely unaffected and maintain their low growth. Japan's low growth is expected to rise in the next three years. They don't review Australia or New Zealand.Elsewhere, the overnight dairy Pulse auction brought downbeat results. The key WMP price fell -1.1% in a retreat expected by the derivatives market. But even at this level it remains in the rising trend that started in mid-2024. However, the SMP price fell a hard -4.8% and much more than expected. In fact, SMP prices have now broken through their weak rising trend, and look quite vulnerable.Also showing signs of running out of steam were US retail sales growth as measured by their Redbook survey. They were up +4.6% from the same week a year ago, the weakest rise since March 2024. After inflation, this isn't any better.The the US NFIB small business optimism survey turned up in May, the first time it has done that in 2025.There was a US Treasury 3 year bond auction earlier today and that showed a small fall-off in support, something worth watching. The winning investors got a median yield of 3.92%, up from the 3.77% at the prior equivalent event a month ago.Across the Pacific, Japanese machine tool orders came in at a similar level in May as April, but that is only a +3.4% gain from the same month a year ago. It was kept positive by export orders, although domestic orders, which had been strong earlier in the year, are now cooling.In China, concerns persist about overproduction in their car manufacturing sector even though local new-vehicle sales overall, including exports, rose almost +10% in April. Those concerns are rippling through commodities that supply this juggernaut industry. Rubber prices, for example, are being hit hard as buyers lose confidence the China car industry can avoid a crash like the property sector. There are signs the government there is worried too, with Beijing telling carmakers to make sensible commercial decisions.In Australia, the Westpac-Melbourne Institute consumer sentiment survey wasn't particularly upbeat, coming in little-changed in June from May. But at least it isn't going backwards. Aussie consumers remain relatively averse to real estate as an investment option and to risk in general. Indeed, responses to a question on the ‘wisest place for savings' suggest that the tariff-related turmoil this year has seen what was already a high level of risk aversion intensify even further.And staying in Australia, the closely-watched NAB business sentiment survey has improved marginally in May, recording its first positive reading in four months. But, business conditions weakened in this survey and it will be hard for sentiment to improve if business conditions get weaker. Those weaker conditions came from ongoing profitability pressures and soft demand, with signs of a further softening in labour demand.The UST 10yr yield is now at 4.47%, and down -2 bps from this time yesterday.The price of gold will start today at US$3,323/oz, and down -US$10 from yesterday.American oil prices are little-changed at just on US$65/bbl while the international Brent price is now just on US$67/bbl.The Kiwi dollar is now at 60.4 USc, and dipping -10 bps from yesterday at this time. Against the Aussie we are also down -10 bps at 92.7 AUc. Against the euro we are down -10 bps at 52.9 euro cents. That all means our TWI-5 starts today at under 68.4 and down a bit less than -10 bps from yesterday.The bitcoin price starts today at US$108,723 and up +0.4% from yesterday. Volatility over the past 24 hours has been low at just on +/-0.9%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the US and China are meeting in London to discuss China's block on exports of rare earth minerals that the US manufacturing sector needs. The hope is that the settlement will have the US pull back from its tariff-tax war. More likely, it will be a trade of US AI chips for Chinese rare earth minerals.In the background, the dismantling of civil society and the rule of law continues in the US, but you will have to get news of those overnight events elsewhere - even though they will have a corrosive impact on commerce.Our first item in the US is that consumer inflation expectations fell back in June to 3.2% for the year ahead, which wasn't what was expected. But a look at the components explains why. It was driven by the expectation that petrol prices will drop - on a weakening economy. On the other hand those surveyed expected food prices to rise to 5.5% which is a two year high, rents by 8.4%. The expectation that their jobless rate will rise remained high.And we should probably point out that analysts are noting that the UST 10 year yield (4.5%) is now well above the US nominal GDP growth rate (3.8%) for the fits time since 2011, and that is seen as a signal that corporate insolvencies will now rise noticeably after a long period of relative stability.China said its CPI price change held at -0.1% of deflation. That is the third month in a rose it has reported that, the fourth recording deflation. It does seem odd, and a tad unlikely, that Chinese consumer prices are consistently deflating at such a low level. Anecdotal observations talk of 'raging price wars'. According to the official data these are having zero impact. Year-on-year they say beef prices are down -0.1%, lamb prices are down -2.8% and milk prices are -1.5% lower. But beef prices did rise in May from April, according to this data.Meanwhile Chinese producer prices deflated more, down -3.3% from a year ago to their fastest rate of decline since July 2023.And China booked another bumper trade surplus in May. Exports rose +4.8% (about what was expected but historically low), while imports fell -3.4% and far more than expected. They benefited from the TACO trade in May. Their surplus with the US was +US$18 bln for the month although they did export less and import more. To New Zealand, they exported -3% less but imported +11% more, so our surplus rose. To Australia, their exports were little-changed but they imported almost -19% less in May.In Taiwan, they far outshone their neighbour and rival with a huge rise in exports (a new record high) and a large rise in imports from the same month a year ago. That contributed to a trade surplus of +US$12.6 bln in the month, now one eighth that of China even though their economy is only one twentieth as large.The UST 10yr yield is now at 4.49%, and down -2 bps from this time yesterday. The price of gold will start today at US$3,334/oz, and up +US$26 from yesterday.American oil prices are firmish, up +50 USc at just on US$65/bbl while the international Brent price is just under US$67/bbl.The Kiwi dollar is now at 60.5 USc, and up +30 bps from yesterday at this time. Against the Aussie we are up +10 bps at 92.8 AUc. Against the euro we are up +20 bps at 53 euro cents. That all means our TWI-5 starts today at over 68.4 and up +20 bps from yesterday.The bitcoin price starts today at US$108,312 and up +1.9% from yesterday. Volatility over the past 24 hours has been modest at just on +/-1.4%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news that despite the Trump-generated spectacle of intimidation and violence in Los Angeles against immigrant communities, the economic news has been contained.This coming week is not a big one for local data releases, but in Australia we will get updated surveys of both consumer (Westpac/MI), and business (NAB) sentiment surveys. Not a lot of change is expected in either.There will be a June update of American consumer sentiment from the widely watched University of Michigan. And we will get CPI updates for May from both the US (expect a small rise to 2.5% (and China (expect slightly deeper deflation at -.2%). India will also release May CPI data (expect little change).The Chinese will also release export and import data. Japan will update its machine tool order data. And Germany will release some wholesale price data too.Over the weekend, and in something of a relief, the US May non-farm payrolls growth came in at +139,000, little different to the expected +130,000 and only a minor retreat from the +147,000 growth in April. But that is a bit below the average for 2024 and well below the average for 2023, and the lowest expansion for a May since 2020. In data not seasonally adjusted, it was the lowest since 2016. The US labour market seems to be plateauing after a rather strong recovery in the prior four years.Average US weekly earnings rose +3.9% in May from the same month a year ago, similar to earlier 2025 months and the same as the average for a May over the past ten years. The jobless rate was unchanged at 4.2%.But hiring freezes and production cutbacks seem to be the themes coming out of corporate America. The landscape for reshoring isn't good, apparently.And the data is becoming clearer that foreigners are avoiding the US as a travel destination, and not just Canadians, with anti-American sentiment on the rise in Europe too. Companies like Airbnb, Booking.com and Expedia all said that their financial results will be weaker than expected because of the softening demand.Total US consumer credit rose by +US$18 bln in April or +4.3%, up from a +$10 bln increase in March and better than expected. So this expansion, while modest, is back to a 'normal' pace. Revolving credit (credit cards) increased at an annual rate of +7%, while nonrevolving credit (car loans and similar) rose at a letter 3.3% rate.There was May Canadian labour market data out over the weekend too. Somewhat surprisingly, that delivered an expansion of +8,800 jobs when a -15,000 reduction was anticipated. Even better, +57,700 new full-time jobs were added in May balanced by a reduction of -48,800 part-time jobs. So, overall a rather surprising net gain.However, their jobless rate rose to 7%, the first time it has hit that level since 2016 (apart from the pandemic), so that probably raises the chance of a rate cut at their next review at the end of July.In Japan, the level of central bank bond buying tapering continues to raise concerns and undermine demand by other potential investors. It is also raising questions about the value of the yen. There is elevated debate about the right level from here and the central bank may have to slow its tapering operation. The void their tapering is leaving is not being filled by the private sector. And that could seriously twist Japanese interest rates.Late on Friday, the Indian central bank cut its policy rate again, with an outsized -50 bps cut to 5.5% when a -25 bps trim was expected. That makes it a full -100 bps reduction since February. They say the outsized move was required by the combination of fast- easing inflation and ongoing uncertainty surrounding global trade tensions.The Russian central bank also surprised with a rate cut when one wasn't expected. It cut -100 bps to 20% under Kremlin pressure, and claiming that "inflation is under control".EU retail sales for April came in surprisingly strong. They report these on a volume basis and were +2.8% higher than in April 2024. Only a +1.4% expansion was expected, and the March expansion was +1.9%. So a great result for them. Most other countries are not getting inflation-adjusted retail growth anything like this.Today is a public holiday in Australia, so our markets will be quiet.Meanwhile, both sides seem to be gearing up for trade talks between China and the US - in London.The UST 10yr yield is now at 4.51%, and unchanged from Saturday, up +9 bps for the week. The price of gold will start today at US$3,308/oz, and down -US$10 from Saturday. That is up +US$24 from US$3294/oz a week ago.American oil prices are holding at just on US$64.50/bbl while the international Brent price is still the same at just on US$66.50/bbl.The Kiwi dollar is now at 60.2 USc, and unchanged from Saturday at this time. Against the Aussie we are also unchanged at 92.7 AUc. Against the euro we are still at 52.8 euro cents. That all means our TWI-5 starts today at just on 68.2 and unchanged from Saturday.The bitcoin price starts today at US$106,270 and up +1.5% from Saturday. Volatility over the past 24 hours has been low at just under +/-0.6%.You can get more news affecting the economy in New Zealand from interest.co.nz.

Bad Diaries Podcast is ba-a-ack for Season 3!Tracy Farr is flying Bad Diaries Podcast solo, poised to land a new season of interviews with writers, talking about our own and other people's diaries.Find Jenny Ackland on MY MUM'S BAD DIARIES.Find Tracy's new novel WONDERLAND.Follow BAD DIARIES PODCAST ahead of the first episode of the new season, dropping soon – or listen back to our earlier episodes while you wait.As the podcast season progresses, as well as interviews, we'll have news of live Bad Diaries Salon events coming up.Hope you'll join us soon … on Bad Diaries Podcast.Find full show notes for this episode on the Bad Diaries Salon website baddiariessalon.com, or get in touch via Instagram or Facebook – we're @baddiariessalon everywhere.Thanks for joining us for Bad Diaries Podcast! Don't forget to subscribe, rate and review us, wherever you get your podcasts.Bad Diaries Podcast Season 3 is recorded and produced in Te Whanganui-a-Tara Wellington, Aotearoa New Zealand, on the iwi lands of Taranaki Whānui, and Ngāti Toa Rangatira. Seasons 1 & 2 were also recorded in Naarm Melbourne, Australia, on the lands of the Kulin Nation. We pay our respects to Mana Whenua, and to Elders past, present and emerging, of these lands.

Cherida Fraser, Wellington co-ordinator for the Aotearoa New Zealand sex workers collective spoke to Lisa Owen about how the Prime Minister has ordered a review of vetting processes for parliamentary staff after his Deputy chief press secretary Michael Forbes quit following allegations he recorded intimate audio of sessions with sex workers and was in possession of intrusive photos of women. There were dozens of photos and footage on the former staffer's phone and some appear to have been recorded in public places and shot through windows at night.

Kia ora,Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news US Republicans are becoming more like the CPC than they probably realise.But first, there were 209,000 initial jobless claims in the US last week, a small decrease from the prior week but less of a decrease seasonal factors would have assumed. That resulted in the widely reported seasonally adjusted level to jump to its highest in eight months. There are now 1.757 mln people on these benefits, almost +100,000 more than at this time last year.That level may grow. The Challenger job cut report came in with another outsized count for May, and were up +47% over the same in 2024. They say layoff activity is now spreading to other sectors than just the Federal government.US exports rose slightly in April, enough to claim an all-time record high. And as expected, actually a bit more than expected, US imports fell sharply after the March pre-tariff splurge. The average of March and April was about the same level they recorded in each of January and February 2025. For April 2025, the US$350 bln in imports were little-different to the April 2024 level of US$340 bln. It only looks like a big drop because of all the front-loading generated by tariff-tax uncertainty.We should note that US data reliability may become more like Chinese data - heavily influenced by politics. In a random note, the BLS said it isn't going to survey prices as deeply anymore, which could mean "inflation" will be what the Administration says it is. They are also shifting that statistics agency to be under Howard Lutnick's control. And the Republicans have gone on the attack at the bipartisan Congressional Budget Office for saying their new Budget will swell their deficit by US$2.4 tln. The employees who released that are being laid off. They will be replaced with more compliant analysts.Meanwhile, there has been a phone call between China president Xi and US President Trump. But is seems to have achieved little other than agreement for more talks. However, mutual visits are a likely result, and the set-piece opportunities may give Xi an opportunity to get Trump to "chicken out".North of the border, Canadian exports fell more than -10% while their imports fell -3.5% in April. Again, the same trade and tariff-war factors are at play here, and that has resulted in a record trade deficit for them.In China, the Caixin China General Services PMI rose in May from April's seven-month low and in line with market forecasts of only a very modest expansion. This survey shows a small uptick in new business and activity, despite a renewed decline in new export orders. New export orders fell for the first time in 2025, dampened by Trump's tariffs. The official Chinese services PMI also showed a modest expansion, one weaker than this Caixin version.In Taiwan, their inflation rate eased to 1.6% in May from 2.0% in April, and that is its lowest rate since March 2021. They are back to about what it was running in the years prior to the pandemic.Singapore released April retail sales data and that showed virtually no expansion there. Over the past six months, their retail activity has been quite unstable in its ups and downs.As expected, the ECB cut its key interest rates by -25 bps at its overnight meeting, to 2.15%. Updated inflation and economic forecasts show eurozone inflation is near their 2% target, with projections showing 2.0% in 2025 (vs 2.3% previously), 1.6% in 2026 (vs 1.9% previously), and 2.0% in 2027. They say their expansion is being held back by global events but all the same they see their combined economy expanding slightly faster over the next three years.Australia's exports rose +2.1% in April from the same month a year ago. Their imports were up +3.5% on the same basis. The result was a sharp weakening in their merchandise trade surplus, as you might have expected. It would have been worse if their gold exports had not come in +48% higher than year ago levels in April. The longer term view of the year to April 2025 compared to the year to April 2024 saw exports down -5.2% and imports up +2.7% showing the balance is tightening over the longer term too.Household spending in Australia in April was flat. But spending on recreational and cultural activities, health, and dining out contributed to a +1.5% rise in services spending, while spending on goods fell by -1.1%, with households buying less clothing and footwear and new vehicles.Last week, container freight rates jumped an outsized +41% from the prior week, with capacity struggling to cope with the sudden Trump tariff-tax pause and a new rush to beat what might happen in 90 days. It was impossible for shipping lines to adjust capacity for this unexpected shift. The largest rises were trans-Pacific rises, up almost +60%. Despite that, these container freight rates are now -25% lower than year-ago levels, although those year ago levels were in a sharp upswing that ran to mid-July 2024. Bulk cargo rates are also on the move up, gaining +9.5% in the past week.The UST 10yr yield is now at 4.39%, and up +4 bps from yesterday. Wall Street is weaker with the S&P500 down -0.7% in Thursday trade as confidence in public policy fades in a sudden Trump/Musk slanging match. The price of gold will start today at US$3,352/oz, and down -US$28 from yesterday.American oil prices are up +50 USc at just over US$63/bbl while the international Brent price is up the same at just over US$65/bbl.The Kiwi dollar is still at 60.4 USc, essentially unchanged from yesterday at this time. Against the Aussie we are also unchanged at just under 92.8 AUc. Against the euro we are up +10 bps at 52.9 euro cents. That all means our TWI-5 starts today at just on 68.3 and up +10 bps from yesterday.The bitcoin price starts today at US$103,373 and down -1.6% from yesterday. Volatility over the past 24 hours has been modest at just under +/-1.2%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again on Monday.

Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news that poor American data has seen risk aversion rise in financial markets with the USD falling, benchmark bond prices rising (yields falling), many key commodity prices either falling or showing weakness, and Wall Street underperforming global markets.The poor data was important and widespread.US mortgage applications fell last week for a third week in a row, this time by a solid -3.9% from the prior week but is +18% higher than year ago levels, even if year ago levels were quite weak. The benchmark 30 year mortgage interest rate dipped last week which makes the application levels look even weaker.Meanwhile there was weakness in the US labour market. We get the non-farm payrolls report on Saturday (NZT) but the pre-cursor ADP Employment Report was out today and it was expected to show a +117,000 jobs gain in May. But in fact it only reported a +37,000 gain - and April data was revised lower. There is no evidence in this data that factories are hiring to meet reshoring demand.And the widely watched ISM services PMI isn't showing much optimism either, slipping into a small contraction, its first since June 2024 with all the post-election hubris now evaporated. A feature of this report is the sharpness of the 'new business' component fall.And staying in the US, vehicle sales tumbled in May, falling to an annual rate of 15.65 million units. That was well short of analyst's cut-down expectations of 16.3 million and the steepest monthly decline in nearly five years. In April, sales ran at a 17.25 million rate and that was itself below the 17.8 mln rate in March when buyers rushed to get ahead of anticipated tariff-tax price hikes. Although sales at a 15.65 mln rate isn't nothing, it does indicate the margins of this market is quite price sensitive.So it will be no surprise to know that the US Fed Beige Book for May paints an uninspiring picture in most regions. Half of the Districts reported slight to moderate declines in activity, three Districts reported no change, and three Districts reported slight growth. All District reports indicated that higher tariff rates were putting upward pressure on costs and prices.Things may not improve for the American. Trump is now whining that XI won't take his call. (But he did call Putin who took his call.) And China seems to be on the verge of signing a massive aircraft deal with Airbus, at the direct expense of Boeing.Finally, the Congressional Budget Office has calculated the fiscal impact of the big Trump Budget Bill - saying it will add US$2.4 tln to US deficits, the largest expansion of these deficits ever through gigantic tax cuts for the wealthy. It may be no surprise that Trump can't do basic math, but that the whole Republican congressional party votes for this type of economic damage is quite astounding.In Canada, their central bank review of monetary policy settings left the policy interest rate unchanged at 2.75%, as was expected. They have inflation at 1.7% and an economic expansion of +2.2% in the March quarter, although that is not expected to last. They are watch for downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs.In Japan, the 2024 total number of births was 686,061, down -5.7% from the previous year. This was the first time annual births have fallen below 700,000 since record-keeping began in 1899.Australia released its Q1-2025 GDP growth data yesterday. Their economy grew +0.2% in Q1-2025 from Q4-2024, slowing from +0.6% in Q4 and falling short of the +0.4% expected by analysts. This marked the 14th quarter of expansion but the softest pace in three quarters. On an annual basis, the GDP expanded +1.3%, holding steady for the second straight quarter but missing the expected +1.5% rise.The UST 10yr yield is now at 4.36%, and down -10 bps from yesterday.The price of gold will start today at US$3,379/oz, and up +US$26 from yesterday.Oil prices are down -US$1 in the US at just over US$62.50/bbl while the international Brent price is down -US$1.50 at US$64.50/bbl.The Kiwi dollar is now at 60.4 USc, a +30 bps rise from yesterday at this time. Against the Aussie we are unchanged at just over 92.8 AUc. Against the euro we are up +10 bps at 52.8 euro cents. That all means our TWI-5 starts today at just on 68.2 and up +10 bps from yesterday.The bitcoin price starts today at US$105,010 and down -0.9% from yesterday. Volatility over the past 24 hours has been modest at just under +/-1.0%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the global economic expansion is losing pace, led by the US.But first up today, the overnight full dairy auction pulled back, and expected, but perhaps not be as much as the derivatives markets suggested. In the end prices were down -1.6% in USD terms and -3.0% in NZD terms on a rising Kiwi dollar. It was a mixed picture across the commodities offered.In the US, the weekly Redbook retail monitor pulled back last week to be 'only' +4.9% higher than the same week a year ago. That is a sharpish dip from the prior week's +6.1% and mid-April's +7.4%. Much of this may be attributable to tariff-tax increases, with sales volumes easing faster now.Meanwhile, April job openings were little-changed but they did come in slightly higher than expected at 7.4 mln. We get the May non-farm payrolls report this Saturday (NZT) and that is expected to show a modest +130,000 rise.Meanwhile April factory orders came in weak, down a sharp -3.7% following the boosted March gain of +3.4%. Between the two months, a slight easing that was setting in since November. From April 2024 these order levels are up +0.6% and that is before accounting for inflation.The US Logistics Managers Index rose, but because inventory costs, warehousing utilisation, and transportation prices all rose at a faster rate, probably not the indicators that help their economy.But the latest RCM/TIPP optimism survey did rise for 'positive' reasons, but only back to levels it was in November after retreating rather sharply from a February high. The tariff-tax staggers may be easing among investors and the surveyors say this indicates US "consumers are closer to optimism".In Canada, Canadians have so heavily altered their travel plans to the US that the duty-free stores at the border seem to be on their knees in what is being called a 'collapse'.In South Korea, the candidate of the more liberal Democratic Party seems to be the winner of Tuesday's snap presidential election. It is a clear break, with voters turning away from the conservative party, who's previous President triggered their constitutional crisis. It's a win for the rule of law. The other main candidate has conceded.In China, they have delivered something of a surprise. The May Caixin China factory PMI unexpectedly dropped to 48.3, down from April's expanding 50.4 and missing market forecasts of a faster expansion (50.6). This was the first contraction in the sector in eight months and the steepest since September 2022. Output shrank alongside a renewed drop in new orders, with foreign sales declining at a faster pace. The official factory PMI came in at 49.5, a small improvement (lesser decline).Eurozone consumer price inflation eased to 1.9% in May, down from 2.2% in April and below market expectations of 2.0%. With inflation under control, that gives the ECB some room to trim interest rates further at their Friday (NZT) review.Globally, the OECD has lowered its economic expansion forecasts as the Trump tariff-taxes bite, and the US an economy they see suffering as much as others from the impact.That is spurring free trade talks among other nations, especially between Australia and the EU.In Australia, their Fair Work Commission's Expert Panel announced the National Minimum Wage and award wages will increase by +3.5% from 1 July 2025, following the 2024-25 Annual Wage Review. That means their National Minimum Wage will increase by +AU$0.85 to AU$24.95 per hour. (NZ$26.90/hr) The New Zealand adult minimum wage is currently $23.50/hr.The UST 10yr yield is now at 4.46%, and unchanged from yesterday.The price of gold will start today at US$3,353/oz, and down -US$22 from yesterday.Oil prices are up +50 USc in the US at just over US$63.50/bbl and the international Brent price is up +US$1 at US$66/bbl.The Kiwi dollar is now at 60.1 USc, a -10 bps dip from yesterday at this time. Against the Aussie we are down -10 bps at just on 92.8 AUc. Against the euro we are unchanged at 52.7 euro cents. That all means our TWI-5 starts today at just on 68.1 and down -10 bps from yesterday.The bitcoin price starts today at US$105,965 and up +1.6% from yesterday. Volatility over the past 24 hours has been modest at just on +/-1.2%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the Americans seem to be making a concerted effort to adopt a stagflation policy. The USD is falling toward a three year low, gold is rising again, as are US benchmark interest rates.But first, the week ahead will feature central bank rate decisions from Canada (expect a hold at 2.75%), the ECB (-25 bps to 2.15%) and India (-25 bps to 5.75%). And the week will end with the US non-farm payrolls report (+130,000 and extending the ho-hum trend).But the week will be dominated by factory and service sector PMIs, closely watched for the consequences of trade war activity. More damage came from the US over the weekend with the doubling of steel tariffs, from 25% to 50%. These are certain to make the US steel industry even less competitive globally, embedding higher producer costs for American factories and higher prices for its customers.We can see that from the latest ISM factory PMI for May, where a small contraction is now taking place, and the cost pressures are still very high. The final S&P/Markit May factory PMI recorded the most cost pressure since 2022, but a tiny expansion in this one.China released its official PMIs over the weekend, with the factory version contracting much less, and their services little-changed in a tiny expansion. Inflation pressures aren't evident here. The US trade pressure may be preventing China's economy from growing much but it isn't pushing it into a contraction. And so far, Beijing has resisted Trump's request for a phone call with Xi.And there were May PMIs out for Japan (contracting less), Canada,(holding a sharp contraction) Taiwan (contracting less), Korea (small contraction, but stable) Singapore (stable small contraction) and Australia (stable but expanding a bit less) on Monday. So this set isn't yet showing much change, but the trade war does seem to be embedding stagnation. Inflation doesn't seem to be much of a problem here, it is only the US that is getting them both.Stagnation without inflation does allow central banks to try a rate cut remedy - a remedy not available to the Americans.In China they are applying both monetary (lower rates) and fiscal policies (more spending) to stabilise their situation. Beijing is spending big to counter the downward pressure on its economy. As a result, the country's broad fiscal deficit expanded at its quickest clip since 2023 in the first four months of 2025, reaching a -¥2.7 tln (-NZ$630 bln) deficit in the period, almost 60% more than in the same period in 2024.They need all of that because it is pretty clear their real estate sector slump isn't anywhere near over yet, despite all the official help for it.We should also note that it is a holiday in China today, for Dragon Boat Festival.India reported Q1-2025 GDP outcomes, claiming a heady expansion of +7.4% from a year earlier, far better than the +6.7% expected and the +6.4% expansion in Q4-2024. This expansion was led by both the construction sector, and consumer spending.And Canada also reported an expanding economy in Q1-2025, gaining +0.5% in the quarter to be +2.2% higher for the year. Both these indicators of economic activity are better than analysts had expected. Of course these are only of historical interest because they pre-date the tariff-war actions of the US that started in April.Back in the US, the final University of Michigan consumer sentiment survey recovered its early month drop in the second half of the month, ending similar to the April level. The pause in the tariff war and the hope this would ease inflation pressures during the survey period was said to be behind the mood change. Still, this level is very pessimistic, -24% lower than year-ago levels.In Australia, job ad growth has turned into a decline, with the number of job ads dropping -1.2% in May from April, when they fell a downwardly revised -0.3%. Year on year they are down -5.7% although they remained +14% higher than pre-pandemic levels.The UST 10yr yield is now at 4.46%, and up +6 bps from Friday. The price of gold will start today at US$3,375/oz, and up +US$86 from yesterday.Oil prices are up +US$2 in the US at just under US$63/bbl and the international Brent price is just under US$65/bbl.The Kiwi dollar is now at 60.2 USc, a +50 bps rise from yesterday at this time. Against the Aussie we are up +20 bps at just on 92.9 AUc. Against the euro we are up +10 bps at 52.7 euro cents. That all means our TWI-5 starts today at just on 68.2 and up +30 bps from yesterday.The bitcoin price starts today at US$104,272 and down -0.9% from yesterday. Volatility over the past 24 hours has been modest at just on +/-1.0%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Multiple Sclerosis New Zealand is calling for more governmental investment in specialist neurologists, clinical nurse specialists and allied healthcare workers to better diagnose and treat the growing numbers of people with MS in Aotearoa New Zealand. National manager Amanda Rose told Jesse the need is urgent.

Kia ora,Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the legality of the US tariff taxes is now under court scrutiny.But first, US initial jobless claims rose +10,000 last week from the prior week to 212,000 when seasonal factors suggested it should have fallen -7,000. (The headline number was +240,000.) There are now 1.78 mln people on these benefits, +120,000 more than this time last year or a +7% rise.There was an update to the Q1-2025 US GDP growth rate out overnight, and it was little-changed, still showing a stall. Now they say it contracted at an annualised rate of -0.2% in the quarter, a slight improvement from the initial estimate of a -0.3% decline. However, it is still the first quarterly GDP contraction in three years. The slight improvement was driven by stronger-than-expected investment, which partially offset weaker consumer spending and a larger-than-anticipated drag from trade.The same data showed corporate profits fell sharply in the period and could continue to be squeezed this year by higher costs from tariffs.Pending home sales retreated an outsized -6.3% in April from March, far more than the -0.9% drop anticipated by analysts and fully erasing the revised +5.5% increase in March. The industry blames "high interest rates".The US Treasury 7yr bond auction today was supported a bit better than the prior event, resulting in a median yield of 4.14% compared to the 4.07% at the prior equivalent event a month ago.In a US Federal Court, the Trump Administration lost a key case challenging the imposition of his "Liberation Day" tariffs, where it was claimed the President didn't have the authority to impose them without Congressional approval. The issue will end up in the US Supreme Court soon for 'final' resolution. If it doesn't go Trump's way in his stacked court, things could get 'interesting'.In Japan, consumer sentiment is still trending down after peaking in March 2024. But the May survey recorded a bounce back from the unusual drop in April.In Australia, capex investment is not growing, especially for plant and equipment. And that is a hesitation in the rising trend that started in 2014 and continued until September 2024. The recent Q1-2025 data softness seems to be embedding.Globally, passenger air travel demand was up +8.0% with international travel demand rising almost +11%. In the Asia/Pacific region it was up more than +14%. Wanderlust is back fully after the pandemic period.Air cargo demand was up +5.8% in April, up +10% in the Asia/Pacific region, no doubt boosted by the rush to beat US tariffs.Meanwhile, container freight rates rose +10% last week from the week before to be -41% lower than year-ago levels. Trade uncertainty surrounding 'new' tariff-taxes is causing the current scramble to get goods moved. Bulk cargo rates dipped -2.5% in the past week however.The UST 10yr yield is now at 4.43%, and down -5 bps from yesterday.The price of gold will start today at US$3,322/oz, and up +US$26 from yesterday.Oil prices are down -US$1 at just under US$61/bbl in the US and the international Brent price is now at US$64/bbl.The Kiwi dollar is now at 59.9 USc, a +30 bps rise from yesterday at this time. Against the Aussie we are unchanged at just under 92.8 AUc. Against the euro we are down -20 bps at 52.6 euro cents. That all means our TWI-5 starts today at just under 68 and up +10 bps from yesterday.The bitcoin price starts today at US$106,229 and down -1.1% from yesterday. Volatility over the past 24 hours has been modest at just on +/-1.3%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again on Tuesday.

Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the trade chaos and tariff-war skirmishes have markets worldwide watching for inflation signals as much as growth signals.First, in the US their Redbook retail index was up +6.1% last week from the same week a year ago, driven increasingly by tariff-tax price increases, which is why this metric is diverging so much from the formal retail sales volume data.American mortgage applications fell last week from the prior week. That is consistent with the benchmark 30 year mortgage rate rising, now almost touching 7% again.The Richmond Fed's regional factory survey came in negative again in May with activity slowing and new order levels still quite weak. The service sector report for the same mid-Atlantic region was weaker too. In both cases they recorded price pressures over +6%.The Dallas Fed services survey was just as negative, in fact even more so. Input prices are a real issue here too, over 5%..The well-supported US Treasury 5 year bond auction continued the trend of bidders wanting and getting higher risk premiums. This one delivered a median yield of 4.01%, up from 3.93% at the prior equivalent event a month ago.The minutes of the May 8 (NZT) Fed meeting released overnight revealed policymakers are uncertain on how to assess the future risks of inflation and their labour market, and how they can meet their dual mandate when forces are pushing in different directions. They seem to see the inflation risks are the key priority. They are also watching the USD depreciation because that too brings inflation risks. For them, it is a waiting game.India's April industrial production expansion slowed from March, but not by as much as was expected. It seems to be settling in at an under +3% rate which is far more modest than the overall economic expansion there. India's economic rise isn't really being built on manufacturing prowess. Of course the trade and tariff-war backdrop won't be helping.Euro area inflation expectations are rising again, and came in at 3.1% in the latest survey (in April) for the ECB, results they won't have liked. These expectations are back to early 2024 levels, unwinding the progress the ECB policymakers had thought they had won.In Australia, their monthly inflation indicator, also for April, shows it stuck at 2.4%. A small easing was expected but didn't eventuate. But 2.4% isn't a killer level and probably doesn't change expectations that the RBA will keep reducing its cash rate target, currently at 3.85%, by another -25 bps at their next meeting on July 8, 2025. A lot could change in between however, and analysts will be watching for upside risks.The UST 10yr yield is now at 4.48%, and up +4 bps from yesterday.The price of gold will start today at US$3,296/oz, and down -US$6 from yesterday.Oil prices are up +US$1.50 at just on US$62/bbl in the US and the international Brent price is now at US$65/bbl.The Kiwi dollar is down at 59.6 USc, a small +10 bps rise from yesterday at this time. Against the Aussie we are up +50 bps at just under 92.8 AUc. Against the euro we are up +30 bps at 52.8 euro cents. That all means our TWI-5 starts today still just under 67.9 and back up +30 bps from yesterday.The bitcoin price starts today at US$107,462 and down -2.6% from yesterday. Volatility over the past 24 hours has been modest at just on +/-1.4%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

From 9th June, the United Nations Ocean Conference is being held in France, which is co-hosting the event with Costa Rica. More than 50 world leaders are expected to attend, with 1500 delegates from almost 200 countries.  The conference follows the world's first deep-sea mining application for the international seabed, which was submitted to the United States government as opposed to the United Nations regulator. Wire Host Caeden spoke to Juressa Lee (Te Rarawa, Ngāpuhi, Rarotonga), seabed mining campaigner at Greenpeace, about the conference. 

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news a relief rally is underway on Wall Street, responding to the delays in tariffs by the US on EU goods.But first, an update of the overnight dairy Pulse auction where prices for both SMP and WMP slipped although less than the futures market had suggested. The WMP was down -2.7% in USD from the prior week's full event, and a bit more in NZD. To be fair both prices had risen sharply since April but this pullback still leaves it in a rising trend despite today's adjustment.Data releases resumed in the US after their weekend holiday with durable goods orders pulling back in April after the unusually strong March gains. The pullback was largely in line with what was expected however, -6.3% lower than the prior month but up +2.7% from a year ago. Perhaps worryingly, excluding aircraft orders, nomn-defence capital goods barely budged in April, a sign that boardrooms remain skittish about future investment.That was matched by the Dallas Fed's May factory survey where activity was reported flat with a decline in new orders.But consumers seem happier, according to the Conference Board's May survey of consumer sentiment. But it was a survey taken before the latest US threats on the EU, so there is a sense of 'relief rally' here after the China tariff pullback. However, despite the month-on-month gain, this indicator is still tracking lower on the longer term, still lower than year-ago levels.Sentiment will be challenged again soon. There were a couple of housing indicators out overnight, and both recorded falls in American house prices. The FHA one was spun as an improvement, but it wasn't. The S&P/Case-Shiller one was a gain but a tiny one and the least since mid-2023.The bond market isn't feeling any better. The latest US Treasury 2 year auction, although as well supported as usual, brought a median yield of 3.90%, up from 3.74% at the prior equivalent event a month ago.And we can note that pricing for Trump Media shares, a marketplace that basically attracts investors who are supporters, is doing terribly. TMTG is down -11% today, down -33% so far this year, down more than -50% from a year ago. To rescue itself, it says it wants to raise US$2.5 bln to shift into crypto investing. It is an idea not going down well with shareholders.Across the border, core Canadian business activity is struggling a bit too. April wholesale trade was down -0.9% from March. That is kind of a lot for a one-month impact, one that records the initial tariff-war skirmishes.Across the Pacific in China, profits at industrial firms rose +1.4% in the first four months of 2025 compared to the same four months in 2024, picking up from +0.8% growth in the January–March period. For April alone, that was a rise of +5.2% from April 2024. Having noted that, April 2024 was a weak base. Still, given the trade challenges, and that China's factories are still very export oriented and vulnerable to trade war risks, this has to be seen as a good result in the circumstances.And we should start to keep an eye on China's carmakers. It is attracting increasing scrutiny because the economic fundamentals seem to be leaking away and quite fast. It could be another 'property development' industry failure, and could have just as large consequences if it wobbles too. They have no problem making cars, and good ones. But not only are they making more than the world needs, there are serious questions as to whether they can sell them for more than they cost to make.We should probably note that South Korean consumer sentiment jumped in May, rising back to levels that were common in November 2024 and prior. The ugly confusion period when its president went full-Trump and tried a palace coup (which resulted in impeachment, one that was upheld by the courts) is now behind it and Koreans are breathing easier. The rule of law won against a power grab. South Koreans will vote in a snap presidential election on Tuesday, June 3.And still in South Korea, they should join the CPTPP and diversify its trade as part of the bloc in the face of US uncertainties, a senior trade ex-minister is saying. (New Zealand runs a huge trade deficit with Korea.)In the EU, consumer and business sentiment basically held steady in May, according to the latest update. The trade wars are not yet unnerving the Europeans.The UST 10yr yield is now at 4.44%, and down -6 bps from yesterday.The price of gold will start today at US$3,302/oz, and down -US$38 from yesterday.Oil prices are down -US$1 at just over US$60.50/bbl in the US and the international Brent price is still just under US$64/bbl.The Kiwi dollar is down at 59.5 USc, a -½c retreat from yesterday at this time as commodity currencies are out of favour today. Against the Aussie we are down -20 bps at just on 92.3 AUc. Against the euro we are holding at 52.5 euro cents. That all means our TWI-5 starts today still just over 67.6 and down -30 bps from yesterday.The bitcoin price starts today at US$110,309 and up another +1.2% from yesterday. Volatility over the past 24 hours has been modest at just on +/-1.2%.Check back with us at 2pm for the RBNZ's May Monetary Policy Statement and OCR review. As you will knwo by now, 'everyone' expects a -25 bps cut. But the outlook from there is reasonably clouded, so Governor Hawkesby's analysis at 3pm is keenly awaited. We will have full coverage.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news we are being reminded of the central role the giant Wall Street markets play in global finance.It is a US holiday weekend, Memorial Day, and without those US markets operating, data releases and other market activity is very restrained.But in the US, Fed boss Powell delivered a graduation speech that contained a spirited defense of those who run public services and the core role they play in a crisis. He clearly showed there are no libertarians in a recession or threat of one. They all want "the government" to cover their backs.And the Trump Administration also shows the power of 'active' government policy setting. The using of tax policy to help your friends (and family) and punish your perceived enemies is on full display. And the use of tariffs to screw the scrum is a lever that also shows that clearly.From his bully-pulpit, Trump has delayed a punitive tariff threat on EU goods to July 9. It was enough to depress the USD on the capricious uncertainty and the EUR as hit a one-month high.We should note that American hot-rolled steel prices are now at US$900/tonne which is +29% higher than when Trumps tariff actions started to take shape at the start of 2025. These are policies that are embedding sharp producer price inflation there. And of course, they will rise from here, as tariff pressure builds on other efficient manufacturers outside the US.You can contrast that with Chinese steel prices. We don't have hot-rolled coil steel prices for China to hand, but we do have rebar steel prices there and they are now US$425/tonne, down from US$460/tonne at the start of 2025, so a -7.5% decrease. A crude matching of the US and China steel price shifts suggests the Chinese-sourced products have gained a +35% advantage in the period, largely offsetting the tariff actions. It is American consumers paying for all this infantile policy-making.Meanwhile, the world is getting on with business, but just with fewer data signals to start the week.In Canada, factory sales there were weakish in April, the weakest month of the year so far. Key to the fall were declining output in both their oil industry, and their car manufacturing.A recent review of the Canadian economy by the OECD suggests it will avoid recession, but that expansion will be hard to find in the present trade-war climate.Meanwhile, the province of Alberta is feeling very uneasy. There is a fringe movement there to cede from Canada and become a US state, built on the feeling that federal Canada doesn't appreciate the economic role they play in the Federation. But that overlooks the central role the US is playing in depressing the oil demand and prices they claim is 'theirs'. Joining the US would only accentuate the feelings of 'victimisation'.Across the Pacific, Singapore also released April factory production data and that rose faster from March, to be +5.9% higher than year-ago levels.The UST 10yr yield is now at 4.51%, and unchanged from yesterday while the New York bond market was closed. The price of gold will start today at US$3,340/oz, and down -US$17 from yesterday.Oil prices are holding at just on US$61.50/bbl in the US and the international Brent price is still just under US$65/bbl.The Kiwi dollar is still at 60 USc, and up +10 bps at this time. Against the Aussie we are up +30 bps at just on 92.5 AUc. Against the euro we are down -20 bps at 52.5 euro cents. That all means our TWI-5 starts today still just under 67.9 and up +10 bps from yesterday.The bitcoin price starts today at US$109,020 and up +1.6% from yesterday. Volatility over the past 24 hours has been modest at just on +/-1.4%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

NOTE: SHOW LINKS FOR ALL THE MENTIONED PODCASTERS WILL BE ADDED SOON (AND WILL ALSO BE IN THE NOTES FOR NEXT EPISODE TO ENSURE THEY GET SEEN), FOR NOW GETTING THIS OUT WHILE I CAN! TRANSCRIPT: Good Evening Everyone, Welcome to Popeular History. My name is Gregg, and this is another admin update I'll try to keep from being too boring, in part by offering some observations and speculations about the new Papacy interspersed throughout. First, some personal updates. I was very tired by the end of last week, thank you for asking. I got some rest and then made sure Vice-Pope Mrs. Popeular History's primary Mother's Day present was rest. I am immeasurably grateful for her support, but the reality is even if she weren't so supportive of this passion project of mine and the fairly unhinged extremes I took it to in the last few weeks, I would still be immeasurably grateful to her for a million other things. She's the best partner I could have ever hoped to have for so many reasons, and all of you are welcome to be jealous.   I'd also like to thank my children for being malleable enough that I can pass on my love of the faith in general and also my nerdiness to them. Patrick, Catherine, Joseph, William, Gabriel, I love you all and thank you for sharing me with the internet a bit more lately. I try to shield my children from my more concentrated geekery so they can have somewhat normal childhoods, much like I try to spare my Vice Pope so she can have a somewhat normal marriage, but I will admit I felt a special sense of pride when I heard footsteps after I had invited any of my children interested in appearing on one of my livestreams to come on down to the studio. Those footsteps were from Catherine, who was by that point a good hour and a half into a livestream of the Pope's funeral that had began at 4am our time. To be clear, the kids aren't usually up at that time–I mean, neither am I–but wanting to be on the livestream she had asked to be awakened when it began, so I woke her and set her up with a watching station before kicking things off. Days later, she still excitedly references things from it. Just one of many special times from the last couple weeks. My thanks go not only to my immediate household, but to my family beyond as well, in particular my father, who came over at another particularly uncivil hour and summoned black smoke basically as soon as he arrived so I could go rest, as well as my in-laws, who bore with me through a packed weekend of a wedding and a papal funeral. And again, Vice Pope-Mrs Popeular history through it all.   Thanks are due as well to the lovely and supportive folks at work. I wouldn't want to name anyone who would rather I not name them, so I will be general when I say the atmosphere there has been lovely, and in particular I appreciate those who knew I was their best local source for answers to questions about Popes and Cardinals and conclaves and such. I lead a charmed life these days, and work, from my team to my coworkers to those above me and those supporting me, is full of amazing people I could not appreciate more.   Before I thank even more people, including you the listeners, let's talk about the New Pope, Leo XIV, specifically, his status as an American. And please, I beg you, don't be one of the contrarians who have been trying to make “United Statesian” a thing, it's fine to call Leo XIV the First American Pope. Of course you're welcome to use the opportunity to draw attention to the fact that Pope Francis is also from “the Americas”, but “American” is the demonym for a person from the United States and there is nothing wrong with using that word in that sense, so stop trying to make fetch happen.   Anyways, Pope Leo was born on September 14, 1955, in Chicago, Illinois. The date is memorable for Catholics as the Triumph of the Cross, one of the more venerable feasts of the Church, commemorating Emperor Constantine's mother Saint Helena's apparently successful expedition to the Holy Land in search of the Cross Christ was crucified on, AKA the True Cross. Of course, many of my listeners are more captivated by the Chicago aspect, so let's hone in on that. First, to get this out of the way, yes, he was raised in Dolton, a community just *outside* Chicago, but contrarians should brace for more disappointment as it remains technically correct to describe Robert Francis Prevost as being “from Chicago”, having been born at Mercy Hospital in the Bronzeville neighborhood on the south side.   In a way, it would be somewhat surprising if Pope Leo *weren't* from the midwest, considering 80% of the 10 American Cardinals who participated in the conclave are midwesterners by birth. But also that number should actually closer to 90%, considering that's including the Irish-born Kevin Cardinal Farrell under the American tally, and by that logic the future Leo XIV should probably count as Peruvian. But I'm not gonna begrudge anyone who wants to claim the Pope as one of their own. Even without that wrinkle, I think we can agree Ireland can count as the midwest, especially given the whole Notre Dame thing.   If it were tallied as its own nationality, the Midwestern United States would be the second most represented county in the conclave, still actually in the same place that the United States currently occupies: comfortably behind Italy, and a bit ahead of Brazil.   Nor of course is Chicago unfamiliar to Cardinals in general, having had their senior cleric sporting a red hat–or getting one at the first opportunity–for  over a hundred years running, putting them in extremely rarified air, actually I think they're the only US see that can claim the red hat century club when it's set on hard mode like that, as New York's Cardinal Dolan wasn't elevated at the first opportunity, presumably because Cardinal Egan was still kicking around and Conclave-eligible for a while, and Archbishop Henning of Boston just got passed over last December despite Cardinal O'Malley having freshly aged out.   And my midwest Catholic trivia dump can't be complete without noting that spookily, Mar Awa III, the current Catholicos-Patriarch of the Assyrian Church of the East, which shares the spotlight on my upcoming 0.22 supplemental, was also born in Chicago, which may further help the ecumenical relations I discuss in that supplemental episode. Here's hoping!   One more topic relating to Pope Leo's roots I want to touch on today: His Louisiana creole and black caribbean heritage. Both of His Holiness' grandparents on his mother's side were described as black or mulatto in census documents of their day, with his mother's father, Joseph Martinez, being listed as born in Santo Domingo, now the capital of the Dominican Republic, though it was then part of Haiti, the only country to have been born as the result of a successful slave rebellion, making black heritage from that region particularly poignant.   I'll note that His Holiness' melanin levels are such that he can fairly be described as white passing, and I'd consider it unlikely that the matter was discussed during the recent conclave, though I expect then-Cardinal Prevost was aware of this bit of family history. That said, it's certainly *possible* that it was a surprise even to him. One way or another, the basic fact is that these genealogical records exist. What to make of them, I leave to those more competent than I. I will commit to circling back to the topic in time, though. For now, it's time to thank, like, a lot of podcasters.   First and foremost, you probably wouldn't be listening to this if it weren't for Bry and Fry of Pontifacts. Their support has been critical in a number of ways and I could not be more appreciative of the way they've shared their platform with me, and so much more, right down to Bry making sure I checked my email when she saw that NPR had reached out for an interview. I tragically did not have Bry's attentive support on the inbox situation when PBS invited me on solo, so that one will always be a bit of a what-if, a hint of how much harder things are without the active support of so many. So again, thank you all, especially people I'm sure I'm forgetting since I'm extremely forgetful.   I think the safest thing to do is to thank the rest of the podcasters who have collaborated with me in order of appearance this year, starting back in February with the Intelligent Speech crew, in particular my fellows on the religion panel discussion, namely Trevor Cully of the History of Persia Podcast as well as the cheekier America's Secret Wars podcast, Aurora of the Swords, Sorcery, and Socialism podcast, and Bailey of Totalus Jeffianus. What a panel we had. And oh, by the way, apparently I've got the green light to share both that and my talk on the Original Grey Eminence, François Leclerc du Tremblay on this feed, so watch out for that in due course. Oh, and uh, shoutout to David Montgomery of The Siecle for his help with French pronunciation this year, not to mention various other assists through the years. All errors are my own, and David is a good guy to know.   Thank you to Jerry of The Presidencies podcast for having me on for one of his intro quotes, his process is impeccably professional just as one would expect after having listened to his show, and it was a great honor to take part.   Thank you as well to Thomas Rillstone of the History of Aotearoa New Zealand podcast for picking a surprisingly fascinating year to solicit info about, even if your release timing was ultimately made awkward by the death of the Holy Father. Oh, I suppose I can release that for you guys as well, though really, go check out his lovely show. Aotearoa is spelled: A-O-T-E-A-R-O-A   Moving on to my guests from the recent sede vacante, the first you all heard was Umberto from the So You Think You Can Rule Persia podcast, who, in addition to offering a fascinating overview of the history of transitions among the Islamic Caliphate also it turns out had the extremely clutch ability to offer live translations of Italian, which put our humble livestream ahead of EWTN, no offense to that major network.   The following day this feed was graced by the previously mentioned Aurora, now on as half of Tsar Power, along with Roberto, who is also from The History of Saqartvelo Georgia and Quest For Power. I'll let you sort all that out from the links in the show notes, but it's worth noting that you can expect more collaboration with Roberto on this feed, starting in the not too distant future with a conversation we unwittingly recorded just hours before Pope Francis' passing, talking optimistically about the future prospects of his papacy. Fortunately there's still cause for such optimism: Habemus Papam, after all.   Right before the conclave began, I put out a Cardinal Numbers First Judgment segment with John from Prim e Time, though admittedly that episode was originally recorded over a year ago. We did have a fresher appearance from John on the Youtube side of things, as he joined us to meet the new Pope after the white smoke, having cunningly signed up for the correct smokewatch to do so, much like Umberto our live translator. Ethan from Play History on Youtube was also kind enough to join us, helping hold down the fort along with Fry while I juggled toddlers and the white smoke first billowed out. Memorable times, all.   A special thank you to all those who shared the episode I had already prepared on Cardinal Prevost with the wider world, leading to thousands of exposures and hundreds of new listeners. Which, welcome if you're one of the new listeners. Thank you for tuning in, and I promise I'll update my Episode 0 soon to help you find your way.   Ok, it's time for another bout of new Pope stuff before I fill you all in on what to expect from me moving forward. I think it's appropriate that we take a look at what Pope Leo himself has outlined as important topics and themes here at the start of his papacy.   First, peace, which was literally the first word of Leo's papacy. An emphasis on peace is no surprise, for one thing, as the newly-elected Pope Leo himself pointed out, his greeting of peace was in the tradition of the resurrected Christ Himself, and thereby an appropriate greeting for the Easter season, which Pope Francis had opened right before his death and through which Pope Leo will continue to guide the Church until Pentecost on June 8th.   The topic of peace is even less surprising in light of the rare public message from the College of Cardinals that was released just before the Conclave, pleading for peace amid escalating war. In light of that, it would have been surprising if he *hadn't* come out advocating for peace. As is, it's definitely a core message, and needless to say a timely one too, with Pope Leo already echoing the late Pope Francis' observation that World War III is already being fought piecemeal.    The appeal for peace does seem to be getting a bit of traction, with India and Pakistan agreeing to a ceasefire, and the Trump administration proposing the Vatican as a mediator in the current conflict between Russia and Ukraine. If you don't look in the box marked Gaza or consider the actual likelihood of a breakthrough in Ukraine, you might be tempted to feel hopeful: admittedly as you can probably tell I'm more on the skeptical end myself, though I'd be happy to be wrong.   Another topic Pope Leo emphasized in his first speech–and repeatedly since–is togetherness, which could also be filed under dialog or even unity: the interplay between commonality and difference is critical here, and the most consistent analogy is one very suitable to his role as Pope, that of a bridge-builder, a pontifex in Latin, a traditional title of Popes for centuries, though probably not one that really traces back to the ancient Roman priestly title of Pontifex Maximus directly, as it seems to have been primarily added to the Pope's titles during the renaissance, when the classical world was very fashionable. Now, to really tie the old and the new together, I can tell you that a title once held by Julius Caesar is Pope Leo's handle on the social media platform formerly known as Twitter: @Pontifex.   When it comes to the Papacy, concepts like building bridges and promoting togetherness play out on multiple levels. First, as pastor of the giant flock known as Catholicism, we can talk about healing divisions within the church. Then, we can talk about healing divisions among all of Christianity, since the Pope is the head of the largest Christian group–and frankly it's always worth noting that most Christians are Catholics. But really, getting arrogant about it isn't the way to bring people on board, and from what I can tell so far Leo seems to have taken that lesson from Francis to heart–not that humility is a novel lesson in the history of the Papacy that Francis just invented, but still, give the guy his due..   Lastly, though certainly not leastly, what about healing divisions all over the world, not just among all Christians or even among all religions, but among all people? We're talking about the Vicar of Christ here, the idea of “not my circus, not my monkies” does not apply, and the more divisions across humanity are healed, the more likely we are to see enduring peace. So, Pope Leo has his work cut out for him, indeed I daresay we all do, as I am going to charitably assume you all want to make the world a better place.   Another priority of the new Pontiff is one that came to light even before his first speech: Vatican-watchers know that modern Popes don't just pick names at random, for example Pope Francis was strongly broadcasting that he was going to do something different by being the first  in the modern era to choose a truly new Papal name. As for Pope Leo, my first impression was quickly confirmed, as Pope Leo XIII looms large in modern Catholic history and his encyclical Rerum Novarum was a watershed moment in the development of modern Catholic Social Teaching, which is a foundational enough topic that I capitalized all those words and you will absolutely catch folks calling Catholic Social Teaching “CST” for short. Before Pope Francis, when you were talking about social justice in a Catholic context–which, by the way, is the context where the idea first gained traction, being popularized among the Jesuits in the early 19th century–anyways before Pope Francis, when you were talking about social justice in a Catholic context, you were talking about Pope Leo and Rerum Novarum, published in 1891 as a critique of modern economic systems from Capitalism to Communism and all over, emphasizing the fundamental importance of worker's rights given, well, the fundamental importance of workers themselves, as human beings with divine dignity. The Church has been revisiting Rerum Novarum on a regular basis ever since, and Pope Leo has explicitly centered it for those wondering what to expect from his papacy. To borrow the language of a generation slightly ahead of me, it's based, so get hype.   Of course lots of people are wondering what Pope Leo will get up to beyond these key starts of peace, unity, and social justice in the mold of so many of his predecessors. We can be here all day and I still won't be able to comment on every individual topic, nor will h e. We'll see more of Pope Leo in the years to come. Of course we can look to his past comments on anything you like, but the basic reality is Robert Francis Prevost is dead, and  Pope Leo XIV is a different man. At least, he may be, anyhow. History has shown election to the Papacy can change folks, but it's also shown that that's not always the case. Sorry to disappoint those looking for surefire answers, we'll find out together in the coming years and quite possibly decades, as, at 69, Pope Leo will likely be with us for a generation.   BUT, and this is a big but, I do think from what he's indicated so far and from the apparent expectations of the Cardinals who elected him, not to mention historical patterns, I do think it's very likely that Pope Leo will, on the whole, prove to be something of a centrist. That's not to say that he'll be middle-of-the-road on all issues–I really do expect him to lean into the Leonine legacy of Rerum Novarum-style social and economic justice with a major encyclical on the topic within the next few years–but on average I do not expect him to be as progressive as Pope Francis or as conservative as Pope Benedict. Again, how exactly that all will shake out remains to be seen, and I am very bad at making predictions anyways. After all, when I got asked directly about the possibility of an American Pope, I gave a simple “no” and moved on. In my defense, apparently the future Pope Leo did the same, allegedly telling his brother “they're not going to pick an American Pope” on the eve of the conclave that did just that.   Now I want to take a moment to thank some non-podcasters who have been very supportive of my work the last few years, specifically the priests at my home parish of Saint Francis de Sales. Shoutout Fr. Mike, Fr. PC, and Fr. Sizemore, who have all supported me in various ways both in relation to the podcast and off-mic. In particular I want to thank Fr. PC for helping review my upcoming worldbuilding episodes on mass and the Eucharist to make sure I didn't go too far off the rails, and Fr. Sizemore for his consistent support and encouragement of my work, as well as his willingness to promote it. Longtime listeners know that I am willing to set aside the Pope-colored glasses to offer necessary critiques of the Church at times–indeed, necessary critiques are actually themselves part of Pope-colored glasses anyways. It's been very cool to have that support even when offering that criticism at times, and I am, of course, grateful.   To give a little more personal insight, I think it's worth noting that I'm bringing Fr Sizemore and Fr PC up in part because they're on my mind and in my prayers a little extra these days since they are going to another parish as part of the normal juggling that occurs with basically any diocese. Back in the day such moves were less common, and could indeed be signs of darker things, but more recent practice has keeping priests from staying at a particular parish for too extended a period as a guard against exactly such dark things as may occur when a pastor is seen as the absolute bedrock of a faith community and is effectively given all sorts of extra deference and leeway and such to an inappropriate degree. In the end, Christ is the foundation, it's not about any particular pastor. Nevertheless, I will miss Fr Sizemore deeply, as excited as I am to see what he does at his new parish, and as excited as I am to meet our new pastor, Father Tom Gardner, and the other priest and a half that are coming to Saint Francis as part of the general shuffle. Interestingly, this will have our household lined up with a relatively young priest, a relatively young bishop, and a relatively young Pope, so these positions are likely going to be set in my life for a while yet.   And now that we've talked a bit about the future of my home parish, let's talk about the future of Popeular History.   First, as you've already seen if you're caught up on the feed, I have some content from Conclave Time still being edited and prepared for release on this feed. In the last week or so you've seen my chat with Benjamin Jacobs of Wittenberg to Westphalia and Why Tho?, who had me on as his guest of his 100th episode for the former. He's more like me than most, so if you enjoy this, go check him out. And if you don't enjoy this, well, I'm confused as to the sequence of events that has you somehow still listening, but even then, you should *also* still go  check him out. Just in case. You never know.   Also already released is a chat with Meredith of The Alexander Standard, another Rexypod in the mold of Cardinal Numbers and of course Pontifacts, reviewing, rating, and ranking all the successors of Alexander the Great from Perdiccas to Cleopatra VII. Meredith bravely volunteered to take the first spot on what was a near nightly guest list during the recent sede vacante, and we had a great chat that you should go check out if you haven't already.   Still to come most likely this month is a very extended conversation I had with Steve Guerra of the History of the Papacy Podcast, a collaboration that was pretty long overdue. I first reached out to Steve over five years ago when Popeular History was just starting out, but I was too timid to propose a collaboration at the time. I was actually still too timid to suggest such a thing when Pope Francis' fading health got us talking again earlier this year, but fortunately for all of us Steve had no such scruples and when he suggested we get together over a couple of mics, well, so far we've got hours of good stuff that will be ready for your ears very shortly, I just wanted to get all this admin stuff and early Leo discussion out first so I did. But you can expect hours of Steve and I on this feed soon, and if you just can't wait–don't! Bec ause it's already out on his feed at the History of the Papacy Podcast. Part III talking Leo specifically is already in the works, with hopefully more to come from Steve and I collaborating in the years to come.   After that, you'll hear a chat I had with Quinn from Nobelesse Oblige, one half of another rexypod that ranks all the nobel laureates from 1901 until he and cohost Maggie run out of people. Their show was on hiatus, but is back now, so rejoice! All the best shows go on hiatus, like, a lot, amirite? Look, subscribe and you'll know when any shows with that particular habit get back. Anyways, that's gonna be another conclave second helping episode.   The third on the conclave second helping trilogy, likely appearing early next month at this rate with apologies to my patient guest, will be a great chat I had right before the doors were sealed with none other than Garry Stevens of the History in the Bible podcast, in which I fielded his conclave questions and talked about the recent movie as well. Thank you as always, Garry, especially for your patience as I edited my way through our chat!   After that puts a cap on my conclave coverage, it'll be high time to release the previously mentioned chat I had with Roberto of Tsar Power and more, right before Pope Francis passed.   And there you go, that's the plan for the next month or so. After all that, it'll be 5th anniversary time, and I think it'll be fun to do a bit of Q&A for that. The anniversary will officially on June 29th, so let's go ahead and say send in almost any question you like to popeularhistory@gmail.com by June 20th and I'll answer it for you on the show. The only limit I'm placing is that the question should be relatively family-friendly so I don't get flagged as explicit content by the powers that be.    After that, well, we'll see. Popeular History and Cardinal Numbers will be carrying on, I'm looking forward to finishing my longrunning Catholic worldbuilding series, as well as covering all the living Cardinals I haven't gotten to yet. And those items just represent finishing up the current stages. Plus, tere's gonna be more Pontifacts collaboration, including the much hyped Habemus Pointsam project, ranking all the Papal transitions with Bry! But do  keep in mind I had *just* put out a note indicating that I was going to stay on hiatus for a while longer right before all this happened, and the factors that lead me to that are still present. I've got a strong head of steam for when I'm officially back up to full production, but until then, you won't hear from me quite as regularly as I'd like. Actually, let's be honest, you're never going to hear from me as regularly as I'd like unless there's a wealthy patron who wants to hand over a living wage for myself and my family as compensation for me doing this full-time. And nah, I'm not counting on that. I do have a patreon though, so if you want to help offset my costs and fuel Taco Bell expeditions or moving to Rome, you know, little things like that, you can. Mary specifically said I can get Taco Bell every time I get a new patron, so thank you very much in advance. Also, a big thank you to Joe, my current patron, who hosts Prime Factors with his son Abram, and yes that's another Rexypod, in fact, yes, that's another Rexypod ranking the British Prime Ministers! Prime Time is the other one in case you've already forgotten, and now you can easily find both of them on one another's feeds as they recently did a collaborative special you should absolutely check out! I especially owe Joe as I forgot to keep mentioning him when speeding through my recent sede vacante coverage, a situation which will be remedied hopefully in small part by this note, and then eventually with judicious editing. Thanks again for your support, Joe!   If you'd like to support my work and are financially able to do so, go to Patreon.com/popeular. I'm going to do as much as I can even without many patrons, but more patron support  would go a long way to making things easier, I have to admit. So if you want to join Joe on the wall of ongoing thanks, there are still spots left! And if you can't support financially, no sweat, do what you gotta do, but please consider spreading the word about Popeular History and keeping me and my family in prayer while you're at it. Words of encouragement or any other words you'd like to send can be sent to popeularhistory@gmail.com or you can also find me on social media in a few spots, primarily on Bluesky these days at Popeular as I'm focusing more on direct content creation rather than trying to keep up with socials and the website and such. Oh, speaking of the website, Google Domains went caput so the website's kind of frozen, not that I was updating it much anyways apart from the automatic RSS feeds, which for what it's worth are still chugging along. But the rest you can ignore, in particular the big daily show announcement that's still up there, because that was fun while it lasted but that is definitely on the list of things that are not happening unless I get thousands of patreon dollars a month to make this a full-time job, which, again, I am realistic enough to not expect. It just turns out I can't take that notification down without tanking the whole site at the moment, or without, you know, a fair amount of extra work, and since the RSS feeds are still handy and my time is still fairly crunched, I'm reluctant to do that. So, uh, here we are. Awkward. Ignore the big daily show announcement. Thank you.   Now, I'm going to make a couple specific predictions about the future of Leo's papacy that I'd be happy to be wrong about. But before I do *that*, I want to note that after today, apart from the contemporary cardinals episodes, I plan to get back to history, leaving current events to other commentators generally, with the exception of a plan to have some commentary on contemporary news, Catholic and otherwise, available as bonus content for my Patreon subscribers. That would allow my regular listeners to have access to all the historical goodies I find without barrier, while still offering something interesting and informative, you know, hopefully, for my backers. If you hate the idea, let me know, and of course if you love the idea, sure, let me know that too. I'm thinking maybe some kind of monthly roundup, something like that.   Anyways, on to those predictions. First, while I genuinely believe we would have seen Sister Rafaella Petrini elevated to the College of Cardinals had Pope Francis lived to create another batch of Cardinals, I do not see that happening under Pope Leo, though he did reconfirm her in her role as President of the Governorate of Vatican City State as part of his general “as you were” instructions right after his election, reconfirming all of Pope Francis' appointments in one of the more unambiguous signs of continuity you can have. It's of course likely that there will be shuffling in time, but I think Petrini is safe in her role, I just don't expect her to be the first Cardinelle at the next opportunity, as Leo appears interested in a degree of centrist rapprochement.   Similarly, while I had fairly big hopes for the observances of the 1700th anniversary of Nicea that were due this month, namely a reunified dating of Easter, obviously those observances aren't happening right now. And, while it look like there are now plans for later this year, around the Feast of Saint Andrew–November 30th–I think that moment has passed, and I expect it's not something we'll see in year one of a Papacy. Again, I'd be happy to be wrong, but I don't think that's a “coming super  soon” type situation at this point. And that's it for today, thanks for sitting through a record-breaking amount of admin. Thanks, Joe!

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news we have ended a turbulent week where the USD fell, US Treasury benchmark rates rose, and equities retreated. Gold jumped.The turbulence will continue into this coming week with the US president lashing out because his signature tariff policies aren't producing the economic growth or reshoring he anticipated and other countries have worked out how to game him. His new lashes are at the EU, and Apple, for not reshoring. Neither seem in awe of his power any more.But first, the coming week will be dominated by Wednesday's ORC review where a -25 bps rate cut to 3.25% is widely anticipated. Earlier that day there will be a dairy Pulse auction too.In Australia, they will update their monthly consumer price indicator, also on Wednesday. Elsewhere, South Korea will be reviewing its monetary policy settings this week, and Japan will release important industrial production, retail sales, and consumer sentiment updates.In the US, after their long weekend, markets are bracing for another uncertain week, driven by those tariff threats from Trump targeting the European Union and Apple. Investors will also focus on commentary from Fed officials, as well as the FOMC meeting minutes. Key US economic indicators include personal income and spending, the PCE price indices, durable goods orders, trade balance, the second estimate of Q1 GDP growth, corporate profits, pending home sales among others.But first we should note in China, their central bank injected ¥500 bln (NZ$120 bln) of new liquidity into financial institutions through their one-year medium-term lending facility on Friday. But that was less than the ¥600 bln added in April.China's net foreign direct investment actually fell in April from March, a very unusual shift. The fall wasn't large at -US$4.8 bln for the month but a notable shift from the +US$7.2 bln rise in April 2024 which was considered unusually small. Go back to April 2023 and it was +US$14.1 bln and +US$15.4 bln the year before. In the past two years, the August levels have stalled (but not retreated) and this is the first we have ever seen where there was a net outflow of foreign investment from China in a month. And Nikkei is reporting that the protracted real estate woes are pushing down lending rates, and now 80% of Chinese banks have seen their interest margins fall below the industry threshold for profitability, raising concerns over the sector's stability. Fifty-four of 58 commercial banks listed in mainland China and Hong Kong posted reduced interest margins compared with the previous fiscal year, according to the analysis, which evaluated financial results announced for the year ended December 2024.Japanese inflation is holding high, and came in at 3.6% in April, the same as in March. But that was its lowest since December. Food prices rose the least in four months but were still up +6.5% from a year ago, down from the March +7.4%. This dip came after the government took steps to curb rice prices that have doubled over the past year. High rice prices have cost the government minister 'responsible' for that sector his job last week.In Singapore, April CPI inflation held art a very low 0.9%, but that belies the monthly fall of -0.3% from March. This is the second month in a row they have had month-on-month deflation. That is largely due to falling costs for clothing, household durables, and entertainment. Food price increases were modest.Taiwanese retail sales growth was weak again in April. It hasn't really recovered after the unexpectedly large drop in February, bumping along essentially at year-ago levels.But Taiwanese industrial production is on fire, rising another sharp +22% in April from the same month a year ago. That is the best growth rate on record for them, apart from the distorted pandemic recovery.Across the Pacific in the US, this is the long Memorial Day holiday weekend in the US, the start of their summer season which won't end until their Labor Day holiday on September 1. (Traditional investors "sold in May, and went away" because volumes lighten and become more volatile over this northern summer period.)This is also the start of the US summer 'driving season'. American petrol prices are currently averaging US$3.196/US gallon. That is NZ$1.41/L. (A year ago it was +10% higher, equivalent to NZ$1.566/L.)And it is the start of their barbeque season. But prices are likely to rise further from the already record high levels because the number of cattle on feedlots is down, and the amount of beef stored in freezers is lower too.But of course, business carries on. There was an unusually large rise in new home sales in the US in April, taking them up to an annualised rate of 743,000, a level they haven't seen since mid-2022. After a string of weak months (and downwardly revised earlier data) builders are now resorting to widespread incentives to move stock, and it seems to have worked in April. Housing starts remained weak, and new building consents are declining still.In Australia and on their eastern seaboard it has been very wet with widespread flooding. And that is having a substantial impact on rural output. In particular, milk volumes are falling and milk prices are rising fast.The UST 10yr yield is now at 4.51%, and down -1 bp from this time Saturday. The price of gold will start today at US$3,357/oz, and down -US$5 from Saturday. But that makes it +US$170 higher than a week ago, a +5.5% jump.Oil prices are holding at just on US$61.50/bbl in the US and the international Brent price is still just under US$65/bbl.The Kiwi dollar is still at 59.9 USc, and unchanged from Saturday at this time. A week ago it was at 58.8 USc so an outsized +110 bps rise since then. Against the Aussie we are holding at just under 92.2 AUc. Against the euro we are unchanged at 52.7 euro cents. That all means our TWI-5 starts today still just under 67.8 and unchanged but up +40 bps for the week.The bitcoin price starts today at US$107,270 and down -2.5% from Saturday. Volatility over the past 24 hours has been modest at just on +/-1.1%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Kia ora,Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news risk premiums keep on rising.But first, the OECD is reporting that the global expansion is leaking away, and quite quickly now. Economic activity rose by just +0.1% in the first quarter of 2025, significantly down from an +0.5% rise in the previous quarter. The US and Japan were the main drags in their data. And they say this is a departure from the higher and relatively stable growth rates recorded in the OECD area over the past two years.US initial jobless claims eased lower marginally, all accounted for by seasonal factors. There are now 1.79 mln people on these benefits, +103,000 more than at the same time last year.Existing home sales in the US fell -0.5% in April 2025, to their lowest in seven months and notably below what was expected. High mortgage rates are getting the blame.The first of the US PMI survey is out for May, the S&P/Markit one, and that reported output growth improved in the month, but prices spiked higher from the tariff impacts. And this was true for both the factory category, and their services category. It is better than a decline but in a broader historical perspective this isn't very impressive.Supporting that was the Chicago Fed's National Activity Index which not only recorded a decline in April, but March was revised lower too.Meanwhile, the Kansas City Fed factory survey for May slipped more negative again, even if hopes for the future remain positive.We don't usually report results of the US Treasury Inflation Protected Securities (TIPS), but today's 10 year event reveals the rising risk premiums investors are demanding, even as background inflation rises. Today's event delivered a median yield of 2.14% plus inflation, compared to the prior equivalent event a month ago of 1.86% plus inflation. These premiums are on the move wider, and are likely to widen substantially if Trumps 2025 Budget gets through Congress.North of the border, and in a bit of a surprise, Canadian producer prices slipped in April to be just +2.0% higher than a year ago. It turns out that many components for Canadian factories are sourced from the US and the falling US dollar has made them cheaper. That is certainly true for energy products, but true for many other components as well. Cheaper input costs will help Canadian factories push back against the tariff taxes their US customers have to pay.In Japan, they booked record high machinery orders in March, up +8.4% from a year ago, and far above what was anticipated. The outlook for the next three months looks good too. But we should note these gains are built on fast-rising domestic orders. Export order contributions were weak.Meanwhile, the Japanese May PMIs both slipped lower to be essentially flat (a marginal contraction for factories, a marginal expansion for services).In China, and in a sign of how broken their real estate development sector has become, local authorities are using bond funds to buy back unused land from struggling developers as a way to stop them completely collapsing.Singapore reported its change in economic activity for March and that came in at +3.9%, lower than the 5.0% growth in the December quarter but better than the expected +3.6%. But officials there downgraded their full 2025 expectations saying they will be lucky to get +2.0% growth this full calendar year - for all the obvious reasons.The Indian PMI for May stayed little-changed with a robust expansion. But they too are now noting rising price pressures.The flash Australia PMIs for May report a growth stall, for both their factory sector and their services sector. That was because they had their slowest growth in new orders in 2025 so far.Global container freight rates stayed low last week, up +2% from the prior week to be -28% lower than year-ago levels. And bulk freight rates rose +5.0% from a week ago but remain in the general low range they have been since early April.The UST 10yr yield is now at 4.55%, and down -5 bps from this time yesterday.The price of gold will start today at US$3,294/oz, and down -US$18 from yesterday.Oil prices are -50 USc softer today at just under US$61/bbl in the US and the international Brent price is just under US$64.50/bbl.The Kiwi dollar is now at 59 USc, and down -½c from yesterday at this time. Against the Aussie we are down -30 bps at 92 AUc. Against the euro we are down -10 bps at 52.4 euro cents. That all means our TWI-5 starts today still just under 67.4 and down a net -20 bps from yesterday.The bitcoin price starts today at US$111,542 and up +5.0% from yesterday. Volatility over the past 24 hours has been moderate at just on +/-2.5%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again on Monday.

Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the bond market is speaking, passing judgement on the Trump Budget - it doesn't like it.The benchmark US Treasury 10yr, 20yr and 30yr bond yields have all jumped +12 bps so far today. That means their holders are taking sharp capital losses as the price of 'safety', and new buyers want sharply higher risk premiums. These rates are closing in on pre-GFC levels now.After a couple of weeks of rises, US mortgage applications fell last week and that too was because of rising mortgage interest rates. Their benchmark 30 year rate is very much tied to the equivalent UST rates, so next week it is very likely mortgage interest rates will jump sharply too, with a consequential fall in new mortgage applications.And those rate rises are flowing through to the primary market as well. The overnight US Treasury 20 year bond auction was still well-supported but at a price, with the median yield jumping to 4.97%, up +22 bps from 4.75% at the prior equivalent event a month ago. It has been a long time since we have seen as sharp a price signal in the primary market.It is actually starker than that. At that prior event, the high bid was 4.81% and 6.5% of the auction was allocated at that level. At this latest auction, the high bid was 5.05% and 41% was allocated at that level.Stagflation, recession fears, and a clearly irresponsible Federal Budget proposal (just designed for one family's interest) is gnawing away at sentiment and now consumer demand. Overnight, current US crude oil stocks jumped on unexpectedly low demand. These inventories rose by +1.328 million barrels in the week that ended May 16, defying market expectations of a -1.85 million barrel decrease. That is a large, unexpected turn.It is too much for the equities market, which fell sharply on all this bond and demand news.In Canada, and in a surprise, new home prices fell, and rather sharply to be back to early 2024 levels. In fact the dip was the sharpest since the pandemic.Across the Pacific, Japan is facing bond stress as well. Yields on long-term Japanese sovereign bonds are soaring as demand for such debt falters, with many market experts saying the situation is unlikely to change anytime soon. Behind the shrinking demand are mounting investor worries over the health of Asia's No. 2 economy and fallout from US trade tariffs. Yields on 20-year JGBs rose yesterday (Wednesday) to 2.575%, their highest since 2000.Meanwhile, Taiwanese export orders surged almost +20% in April from a year ago to US$56.4 bln and easily exceeding market expectations of a +10% increase. This is their best month ever, outside the distorted period of the pandemic and its aftermath when volatility reigned.The Indonesian central bank cut its policy rate by -25 bps cut to 5.50%, as expected and taking it back to a level first fit in December 2022. Even though inflation is rising there it is only at just under 2% and well within its target range.In Australia, the six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, slowed to 0.2% in April from 0.5% in March, a stalling that wasn't expected.In a new update, the ABS said Aussie employers paid a record AU$104.8 bln in salaries and wages in March. Annual growth ranged from +3.7% in the mining industry to +11.9% in Electricity, gas, water and waste services. In dollar terms, the rises were greatest in the healthcare and social assistance services industry (+$1.1 billion or +7.8%), public administration and safety (+$0.6 billion or +8.1%), and construction ($0.6 billion or +7.1%).Join us for the Budget 2025 release after 2pm this afternoon. Although much has already been signaled, some will have been saved for the theatre on the annual budget release, and this is our opportunity to assess the overall health of the Crown accounts - and when we are next likely to return to surplus.The UST 10yr yield is now at 4.60%, up a very sharp +12 bp from this time yesterday. Wall Street is sharply lower, with the S&P500 down -1.5% in Wednesday trade. The price of gold will start today at US$3,313/oz, and up +US$28 from yesterday. (Remember the record high is US$3520/oz set on April 22, 2025.)Oil prices are a tad softer today at just over US$61.50/bbl in the US and the international Brent price is -50 USc lower at US$65/bbl.The Kiwi dollar is now at 59.5 USc, up another +30 bps from yesterday at this time. Against the Aussie we are up +10 bps at 92.3 AUc. Against the euro we are unchanged at 52.5 euro cents. That all means our TWI-5 starts today still just over 67.6 and up +10 bps from yesterday.The bitcoin price starts today at US$106,238 and essentially unchanged from yesterday. At one point it briefly hit US$109,500, but fell back just as quickly. Volatility over the past 24 hours has been moderate at just on +/-2.0%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news both superpowers are dicing with unsustainable budget deficits that are posed to explode. The Moody's downgrade was just a teaser. The bond market will make the real judgment.But first today, the overnight dairy auction brought the expected settling of prices, even though they remain high. They dipped overall by -0.85% on the low volumes offered but with the backdrop that the European season is currently at its peak. WMP and SMP both dipped minorly and as signaled in the derivatives market. The Cheese price sank -9.2% however but it had probably gotten excessively high in prior events, so an unsurprising correction. Chinese buying presence was a feature of this event.US retail salesrose +5.4% last week from the same week a year ago, but this is clouded by the unknown impact of their new tariff-taxes. It is their slowest rise since late March and the impact of the tariff taxes will be starting to show up now. So it could well be that retail sales volumes are starting to decline now as a consequence.On Wall Street, there is growing nervousness about how the Federal Government's budget is being planned. If it goes through as the Administration is proposing, the US deficit to balloon sharply. And the bond market will have something sharp to say about that.In Canada, their inflation rate fell to 1.7% in April, but there was a special on-off factor that helped it. It dropped from 2.3% in March not quite hitting the expected 1.6% May level. A large part was a drop in energy prices not only because the oil price is easing but they also removed the consumer carbon tax. Food prices prices were up +3.8% however, especially the cost of fresh food.China has cut its key lending rates to record lows at yesterday's May fixing. The one-year loan prime rate, the benchmark for most corporate and household loans, was lowered by 10 basis points to 3.0%, while the five-year LPR, which is the basis for mortgage rates, was cut by the same margin to 3.5%. These changes were what markets were expecting and the first reductions since October. It is another in the string of monetary easing measures announced earlier this month.That official move was immediately followed by the four largest Chinese state-owned banks who cut deposit rates by between -5 bps and -25 bps. Those four core SOE banks are Bank of China, China Construction Bank, ICBC, (all of whom have New Zealand subsidiaries) and the Agricultural Bank of China. Other banks followed. Money is flowing out of savings accounts now, back to higher earning "wealth products', a move that in the past has been fraught with risk.The US isn't the only superpower flirting with deficit spending danger. China is too, as its fiscal stimulus pushed its four-month budget deficit to a record high of -¥2.65 tln in 2025 (-NZ$620 bln). And there is no public pushback on the wisdom of that.Malaysian exports took off in April with a strong +16.4% rise from the same month a year ago. If we look past the pandemic recovery growth, it was near their best export performance since 2018. But also came as imports surged +20% to a new all-time record high.In Europe, it might have been marginal but it is worth noting all the same - consumer sentiment got less bad in May. This seems to have broken the 2025 run of declines in these survey results, a decline that really started in late 2024.In Australia, they cut their cash rate target by -25 bps as expected to 3.85% which they say is still at a restrictive level, just less so. Inflation and trade uncertainties are still on their mind - and the risks to their continuing expansion were more so that markets were anticipating. Governor Bullock's press conference comments were more dovish than the rate change statement, and more dovish that many were expecting. The RBA also trimmed its growth forecasts. Markets now expect at least two more -25 bps rate cuts to come through in 2025. Yesterday's Bullock comments opens up the possibility of more.The UST 10yr yield is at 4.48%, up a mere +1 bp from this time yesterday.The price of gold will start today at US$3285/oz, and up +US$58 from yesterday.Oil prices are a tad softer today at just over US$62/bbl in the US but the international Brent price is +50 USc firmer at US$65.50/bbl.The Kiwi dollar is now at 59.2 USc, up +30 bps from yesterday at this time. Against the Aussie we are up +40 bps at 92.2 AUc. Against the euro we are down -20 bps at 52.5 euro cents. That all means our TWI-5 starts today still just over 67.5 and essentially unchanged from yesterday.The bitcoin price starts today at US$106,320 and up +0.9% from yesterday. Volatility over the past 24 hours has been modest however at just under +/-1.2%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the US downgrade is seeing the trend of higher interest rates extend.And in the US, we have more negative signals. The Conference Board's Leading Economic Index (LEI) "plunged" by -1.0% in April, after declining sharply by -0.8% in March. The LEI has declined by -2.0% in the six-month period ending April and is now just shy of signaling 'recession' they say. But it is actually back lower than in the last Trump presidency when there was recession.At an investor day in New York, the boss of the US's largest bank, JPMorgan Chase, said investors are underestimating geopolitical and inflation risks. “Credit today is a bad risk,” he said earlier today. “The people who haven't been through a major downturn are missing the point about what can happen in credit.”In Canada, their largest province has announced a Budget that prioritises higher spending and larger deficits in the coming year in a direct effort to "protect Ontario". The next federal Canadian budget isn't due until at least September.In China, retail sales rose by +5.1% in April from the same month a year ago, moderating from March's over 1-year high of +5.9% and missing market estimates of +5.5%. But is was one of the still-good data releases from China, one that is in a rising trend and even better because they have virtually no inflation.Another positive data release from China came from their industrial production which grew by a claimed +6.1% in April from a year ago and better than the expected +5.5% gain. However, the latest figure eased from the +7.7% growth recorded in March. Meanwhile, electricity production rose only +0.9% in April, hardly supporting the much stronger industrial production data.China, which regulates the wholesale price of petrol and diesel, announced cuts overnight, to take effect immediately.Meanwhile their national real estate development investment fell sharply yet again, and the residential sector was down -9.6% from April last year. And prices for new, and previously-owned housing are still down sharply on a year-on-year basis even if there are small pockets of regional improvements.Meanwhile, Chinese residents trading foreign stocks or holding offshore accounts are being put on notice as authorities take fuller advantage of cross-border data to trace unreported earnings.In the EU, their economy is projected to grow by +1.1% in 2025 and +1.5% in 2026, and both are downgrades from the levels forecasted last autumn. This is according to the European Commission's Spring outlook. The downgrade is primarily attributed to the impact of rising tariffs and increased uncertainty stemming from recent abrupt shifts in US trade policy. On the inflation front, disinflation is now expected to proceed more rapidly than previously anticipated. Inflation in the Eurozone is projected to ease to 2.1% by mid-2025, reaching the ECB's target earlier than previously expected, and to decline further to 1.7% in 2026. And staying in Europe, we should probably note that BNPL giant Klarna, which also operates in New Zealand, is seeing its losses grow. In Q1-2025 they doubled to -US$100 mln as "consumer credit losses" rose sharply, even as revenue grew.Later today (at 4:30pm NZT), the Australian central bank will review its cash rate target, currently at 4.10%. It is widely expected to be cut by -25 bps to 3.85%. That would put it still above the New Zealand OCR at 3.50% and our official rate is also expected to be cut by -25% mid next week to 3.25%, restoring the differential. But although both cuts are expected and priced in, more attention will focus on the next likely shift. Some see the RBA 'done' at one cut with the next move a rise. Background inflation risks are still elevated there, their labour market isn't suffering, and growth prospects are still there even in the current turbulent world.The UST 10yr yield is at 4.47%, up a mere +3 bps from this time yesterday, but curves are steeper.The price of gold will start today at US$3227/oz, and up +US$25 from yesterday.Oil prices are holding again today at just over US$62.50/bbl in the US but the international Brent price is -50 USc lower at US$65/bbl.The Kiwi dollar is now at 58.9 USc, up +10 bps from yesterday at this time. Against the Aussie we are unchanged at 91.8 AUc. Against the euro we are also unchanged at 52.7 euro cents. That all means our TWI-5 starts today still just over 67.5 and up +10 bps from yesterday.The bitcoin price starts today at US$105,393 and essentially unchanged from yesterday. Volatility over the past 24 hours has been moderate however at just under +/-2.2%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news analysts and investors are looking at the unfolding trade-war skirmishes through different lenses.The week ahead will be dominated for us by the 2025/26 Government Budget announcements on Thursday and before that the RBA rate decision tomorrow. Important in the background will be the bond vigilantes and their global assessments of risk premiums.While this is going on, the May PMIs will come through for most of the major economies. A number of countries will release their April CPI data too. And we will keep a close eye on Chinese data releases later today including for retail sales, industrial production, house prices and foreign direct investment levels. And Chinese demand will have an influence on the Wednesday full dairy auction as well.But first we should note that equity analysts are changing their tune. But it is not clear yet that investors are following them. Globally, Q1-2025 earnings have been good, with widespread results that beat forecasts. But for an increasing number of analysts, those good recent results are being dismissed because they now want to know how a company will fare in the Q2 and ahead world of trade disruption, sagging sentiment and higher costs. Stagflation offers few places to hide.The separate views between analysts and investors is probably clearest in the world's largest economy.Influential analysts at Moody's credit rating service are worried and have joined S&P and Fitch in a notable downgrade over the weekend of the US sovereign credit rating.That followed news that falling American consumer sentiment is hanging over the global economy. The University of Michigan consumer sentiment index dropped sharply in May from April when analysts expected it to rise. This is the fifth consecutive monthly decline, the lowest reading since June 2022, and the second-lowest on record. Hurting was rising inflation expectations largely around the impact of the tariff taxes. Sentiment is down by a quarter in a year.And retailing giant Walmart is only now starting to roll out tariff price increases, so the pressure on inflation will become even more apparent in the coming monthsCurrent assessments of personal finances sank nearly -10% on the basis of weakening incomes. Tariffs cost fears were spontaneously mentioned by nearly three-quarters of consumers, up from almost 60% in April. Inflation expectations for the year ahead surged to 7.3%, a new all-time high from 6.5% and long-run inflation expectations edged up to 4.6% from 4.4%.US housing starts stayed at a relatively low level and that was lower than expected. Given the impact of the tariff taxes, that won't really be any surprise. This is largely why new building consents fell further.Meanwhile, Bloomberg is reporting that the US Fed will trim 2500 jobs or about 10% of its workforce "over the next several years".And we should probably note that the Trump tax cut bill failed in a key US House of Representatives committee, mainly because conservative Republicans want greater spending cuts, including to Medicaid programs. In Canada, their senior loan officer survey of credit conditions tightened for both home loan lending and other lending. "Price" (the expectations of higher interest rates) was a key factor. But for non-mortgage lending the impact of tariffs was prominent also.In China, later today we get a big data dump for April activity which could be revealing on how they weathered the initial tariff-war impacts.And they may say they are best-buddies with Russia, but Russia can't afford to buy Chinese cars and has moved to block imports. It is hard to imagine China being happy with that because it will kill a trade of over 1 mln vehicles annually.Singapore's non-oil exports surged +12.4% in April from a year ago, far exceeding expectations of a +4.0% increase and accelerating from a +5.4% rise in March. It is the third consecutive month of export growth and the fastest pace since last July. There were sharp rises in exports of both electronics and non-electronic products.Although slightly dated now, we can report the Eurozone's trade surplus surged to a record +€37 bln in March, up from +€23 billion a year earlier, fueled by a sharp rise in exports, particularly to the US as buyers rushed orders ahead of incoming tariffs.The UST 10yr yield is at 4.44%, unchanged from Saturday. The price of gold will start today at US$3201/oz, and up +US$14 from Saturday. But it is down -US$137 from this time last week.Oil prices are holding today at just over US$62.50/bbl in the US and the international Brent price is still just under US$65.50/bbl. But both are up +US$1.50 from a week ago.The Kiwi dollar is now at 58.8 USc, unchanged from Saturday at this time. Against the Aussie we are down -10 bps at 91.8 AUc. Against the euro we are unchanged at 52.7 euro cents. That all means our TWI-5 starts today still just under 67.4 but up +40 bps from a week ago.The bitcoin price starts today at US$105,306 and up +1.3% from Saturday. Volatility over the past 24 hours has been modest at just under +/-1.4%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

In this panel discussion we get to hear on Housing in Aotearoa New Zealand from the following speakers at the New Zealand Green Building Council Housing Summit held on 7 May 2025 (more on NZGBC is here): Ali Hamlin-Paenga - Chief Executive of Te Matapihi (Site: https://www.tematapihi.org.nz)  Cate Kearney - Chief Executive of Ōtautahi Community Housing Trust (Site: https://www.ocht.org.nz)  Paul Gilberd - Chief Executive of Community Housing Aotearoa (Site: https://communityhousing.org.nz)                     Steven Moe – Chair of Community Housing Funding Agency (Site: https://chfa.co.nz)  Thanks to Bernard Hickey for the questions at the end as well.  Listen to his "When the Facts Change Podcast" and follow his work here https://thekaka.substack.com  Description of the session: "Partnering for a better result on housing supply Housing supply is more important than ever. With Community Housing Providers a vital, growing part of the solution, how are they stepping up to support mitigating the housing crisis? How will they be financed? Join Steven Moe from the Community Housing Funding Agency as he leads our panel talking strategic partnerships, the funding mechanisms, and the challenges in rolling out best practice in community housing initiatives." Thanks to the NZGBC team for all the work in putting the conference on! For more on seeds visit www.theseeds.nz 

For our weekly catchup w/ the Green Party's Ricardo Menendez-March, Oto spoke to him about The $2 billion boost for naval helicopters, the voting ban for prisoners and the party's new members bill to ensure that imported products meet animal welfare regulations. For this week's Get Action! He spoke to Tara Forde from Aotearoa Covid Action to discuss a petition of hers calling for improvements to the air quality in schools. And he spoke to Rachel Mackintosh from E Tu Union to discuss Brooke Van Velden's changes to pay equity claims Max spoke to National Co-chair of the Palestine Solidarity Network Aotearoa, John Minto, about the attack on the ‘Conscience', a Freedom Flotilla boat which was loaded with life-saving humanitarian aid for Gaza, before being disabled off the coast of Malta. And he spoke to Ronan Payinda, a student at the University of Auckland, who led a study which looked into the location and frequency of Vape stores, around schools in Aotearoa New Zealand.

Meena is a social innovation consultant and design strategist tackling complex social challenges through human-centered design and community engagement dedicated to tackling complex social challenges through human-centered design and community engagement. With a background in social anthropology and design, she has worked across diverse settings, from urban slums to corporate boardrooms. Previously, Meena spent eight years at IDEO, where she led community engagement for OpenIDEO and advised IDEO U's initiatives. Her expertise lies in fostering collaboration, equity, and innovation to drive meaningful change. Born in Aotearoa New Zealand with Indian ancestry, she brings a global perspective to her work in social impact.Meena was the Spring Social Innovator in Residence with the ERA Chair in Social Innovation and the DESIS Lab at NOVA SBE.Follow Meena on LinkedIn: https://www.linkedin.com/in/meanestindian/?originalSubdomain=nzand on Subtack: https://randomspecific.substack.com/Credits:Host: Anne-Laure FayardPost-production: Claudio SilvaMusic & Art Work: Guilhem TamisierRecorded at the Fidelidade Creative Studio, Nova SBE

It is so often our differences that divide people, but have you ever noticed the beauty in difference? In this episode of Sunday Sanctuary, Petra goes in search of what that means, and why difference is something o be desired, despite it's challenges. Dame Anne Salmond is Petra's first guest. She lays out the advantages of difference at an anthropological level (as she is so good at doing!) Rev Brett Jones is up next! Leader of the Weslyan Methodist church in Aotearoa/New Zealand, his own church and the many he oversees are full of a beautiful diversity of people. But what does this mean in actuality? We have a new intro song! It's called You Are the Gold by Terrible Sons. The sacred text in this episode is from a post by @dusttodigital. Music:Intro by The xxHarvest for the World by The Isley BrothersJust Saying by Jamie xxMarechia by Nu GeneaGive a Little Bit by SupertrampOcean City by Gunn - Trusincski Duo

Celebrating 500 episodes! What's my favorite thing about podcasting? Listen in! And then you'll love this gorgeous chat on magic, listening for the yes, and tuning into what YOU need as a writer. Iris Beaglehole is the enchanting author of the spellbinding Myrtlewood Mysteries series. As a self-identified druid, witch, and aspiring astrologer, Iris weaves magic into her stories and takes readers on a thrilling journey to the mystical town of Myrtlewood. When she's not crafting her fantastical stories, Iris can be found sipping tea with her feline companions and tending to her herb garden in Aotearoa New Zealand.

We are releasing our final Flags of the Moana tshirt drop! Listen in to see how you can win yourself a free tee

Harry Broad reviews Preachers, Pastors, Prophets: The Dominican Friars of Aotearoa New Zealand by Susannah Grant published by Otago University Press

Curious for more? Each month, I share reflections on the nervous system, creativity, and our connection with the more-than-human world. If that's something that lights you up, I'd be so glad to have you along for the journey and explore together here

Asetoa Sam Pilisi is a community leader and current PhD Candidate of Niuean and Samoan descent. He has done youth work and community work for many years in Auckland, New Zealand and Western Sydney, Australia - particularly with Pacific youth. He currently is completing a PhD in Public Health at the University of Auckland focussing on wellbeing, burnout, duty, service and collectivism in the local Oceanian community. He also is an active community leader in local Niue communities. Niue is one of the smaller islands of Oceania located in "West Polynesia" near Samoa, Tonga, Tokelau, Cook Islands, Tuvalu, Rotuma, Uvea and Futuna. With only 1564 living in Niue and 34,944 Niue peoples living in Aotearoa New Zealand, the language is at risk of being lost.The Moanan is not just an educational platform but an online community — connecting diasporas all over the world. We'd love to connect!Find us on all podcast streaming and social media platforms — including Instagram, YouTube, and TikTok.Email hello@themoanan.comSend us a textThe Moanan is not just an educational platform but an online community — connecting diasporas all over the world. We'd love to connect!Find us on all podcast streaming and social media platforms — including Instagram, YouTube, and TikTok.Email hello@themoanan.com

In this episode of Citizens Climate Radio, Elise Silvestri explores how art can strengthen climate advocacy with Carrie Ziegler, an interdisciplinary Artist, Speaker, and Community Engagement Expert. Carrie talks about her process for creating and executing the Chrysalis Project: Transforming Together, an art and climate policy project that enacted powerful change over Zoom during the COVID-19 pandemic. One of the participating students, Brisa Sabel, shares her experience of the successful campaign and the  joy and inspiration it gave her.  Peterson Toscano has a surprisingly good news story: like our responses to climate change, the format of CCR is adapting! [insert finalized details here] Listen to Carrie Ziegler discuss the power of art storytelling in making meaningful, local climate policy. Guest Bio: Carrie Ziegler Carrie Ziegler harnesses the collective power of art to drive social and environmental transformation. Through her Art in Action initiatives, she collaborates with diverse entities—local governments, organizations, schools, and universities—to create multi-dimensional works that blend participant creativity with pressing societal issues. These projects inspire active engagement, bringing communities together to create lasting change. Along with the Chrysalis Project, Carrie also led the Plastic Whale Project, where students created a life-sized whale out of plastic bags. The whale played a pivotal role in successfully passing a ban on single-use plastic bags in Olympia, Lacey, Tumwater, and Thurston County, Washington.   Based in Olympia, Washington, Carrie is recognized internationally, bringing her impactful vision to global forums, including Aotearoa (New Zealand), Ghana, France, Mexico, and Canada. She empowers Artists and Change Makers to maximize their societal impact through art, inspiring a broader movement of change driven by creativity. Complementing her hands-on work, Carrie is penning her inaugural book, Eclosion: An Artist's Path to Power and Peace. In this work, she intertwines her memoir with a practical guide for unleashing personal and collective potential, offering a blueprint for transformative change through art—a light for a world in desperate need of inspiration. Check out her work on her Instagram, @carriezieglerart.

Elise Silvestri explores how art can strengthen climate advocacy with Carrie Ziegler, an interdisciplinary Artist, Speaker, and Community Engagement Expert. Carrie talks about her process for creating and executing the Chrysalis Project: Transforming Together, an art and climate policy project that enacted powerful change over Zoom during the COVID-19 pandemic. One of the participating students, Brisa Sabel, shares her experience of the successful campaign and the joy and inspiration it gave her. Peterson Toscano has a surprisingly good news story: like our responses to climate change, the format of CCR is adapting! [insert finalized details here] Listen to Carrie Ziegler discuss the power of art storytelling in making meaningful, local climate policy. Carrie Ziegler harnesses the collective power of art to drive social and environmental transformation. Through her Art in Action initiatives, she collaborates with diverse entities—local governments, organizations, schools, and universities—to create multi-dimensional works that blend participant creativity with pressing societal issues. These projects inspire active engagement, bringing communities together to create lasting change. Along with the Chrysalis Project, Carrie also led the Plastic Whale Project, where students created a life-sized whale out of plastic bags. The whale played a pivotal role in successfully passing a ban on single-use plastic bags in Olympia, Lacey, Tumwater, and Thurston County, Washington. Based in Olympia, Washington, Carrie is recognized internationally, bringing her impactful vision to global forums, including Aotearoa (New Zealand), Ghana, France, Mexico, and Canada. She empowers Artists and Change Makers to maximize their societal impact through art, inspiring a broader movement of change driven by creativity. Complementing her hands-on work, Carrie is penning her inaugural book, Eclosion: An Artist's Path to Power and Peace. In this work, she intertwines her memoir with a practical guide for unleashing personal and collective potential, offering a blueprint for transformative change through art—a light for a world in desperate need of inspiration. Check out her work on her Instagram, @carriezieglerart.

Not gonna transcript this, but bottom line enjoy your Easter when it comes, hiatus is continuing, current target for getting back to regular schedule is 6/29/25 (5th anniversary of the show). There will still be some new collab stuff coming out including a special on the fascinating 1769 conclave where the Holy Roman Emperor showed up in person while pretending to not be the Emperor, which will be on the History of Aotearoa New Zealand feed of all places: https://open.spotify.com/show/6VnykMReqvxl9QJMmzlN28?si=cb53cd96a14e4618

Another year - another drop in trust in the news here, according to the biggest annual survey of it. But the slump seems to have stalled and some outlets have even gained trust this time round - though we're still world leaders in ‘news avoidance.' Mediawatch looks at all this - and talks to a Canadian confronting the same trends there. New Zealanders' trust in the news has been falling for years - five years in a row according to the most comprehensive annual survey of it carried out that's carried out here. And we've also been leading the world in the proportion of people who say they actively avoid the news.So no wonder our news outlets fear the worst when the AUT's Trust in news in Aotearoa New Zealand report comes out. But the latest survey shows the slump trust in our news media has stalled - and local outlets are actually more trusted this year. How come? Also Mediawatch talks to a longtime journalist striving to restore trust in local media in Canada with the help of fellow 'Ink-Stained Wretches. And they're also coming to terms with the turmoil of Trump turning on former friends north of the border in a big way.Go to this episode on rnz.co.nz for more details

Mark Adams is one of Aotearoa New Zealand's foremost photographers. His focus on Samoan tatau, Maori-Pakeha interactions in Rotorua, carved meeting houses, locations of significance for Ngai Tahu in Te Waipounamu, and James Cook's landing sites reflect his deep engagement with our postcolonial and Pacific histories. A new exhibition Mark Adams: A Survey He Kohinga Whakaahua showcases more than 65 works spanning his 50-year career as a photographer.

New research, which has been commissioned by the Helen Clark Foundation shows that many are expressing concern for social cohesion in the country. Tuesday Wire Host, Castor, spoke to the Movement Building and Advocacy Director for Amnesty International Aotearoa New Zealand, Lisa Woods, about this research, and why people may be concerned for social cohesion in New Zealand.

The History of Aotearoa/New Zealand asked for a little boost in the "what going on elsewhere in the world?" category ca. 1759. Well, we were inclined to be accommodating... It also just so happened that the Qing Empire under the Qianlong Emperor happened to be engaged in a tremendous border clash far to its south... Presenting: The Sino-Burmese War Learn more about your ad choices. Visit megaphone.fm/adchoices

On sonic gratitude, developing our deeper gifts, the peril of expectation, the potency of the present, and the beauty of self-acceptance. (0:00) - Musical Journey and Transformative Work (5:12) - Early Career Challenges and Breakthroughs (12:25) - Personal Transitions and Professional Growth (14:57) - The Power of Gratitude and Creative Process (15:38) - The Role of Meditation and Yoga in Creative Work (19:35) - The Impact of Friendship and Support (19:57) - Arlie's Musical Projects and Future Aspirations (20:21) - The Influence of Elena's Writing on Arlie's Music (20:42)- The Importance of Self-Acceptance and Present Moment Awareness Arli Liberman is an award-winning screen composer, producer and guitarist who creates vibrant, immersive music for film, TV, multimedia and live experiences. With an unwavering dedication to his craft, Arli's approach to music serves as a transformative force that resonates both on and off the screen. As a screen composer, Arli has worked on a wide range of films, including Sam Kelly's gang movie 'Savage', winning the 2021 APRA Best Original Music in a Feature Film Award. In 2024, he collaborated with Tiki Taane to create the score to the historical drama in Te Reo Māori 'Ka Whawhai Tonu - Struggle Without End' directed by Mike Jonathan, with the theme song 'Hold On To The Dream' featuring Louis Baker, released as a single. Arli composed the original score for NZ film 'The Mountain' (2024), with music by Troy Kingi, directed by Rachel House and produced by Piki Films and Sandy Lane Productions. In 2023, he scored 'Stylebender' a documentary directed by Zoë McIntosh about Nigerian - New Zealand mixed martial artist Israel Adesanya, which was premiered at Tribeca Film Festival. His signature sound can be heard on the 36th America's Cup theme, the opening titles of the FIFA Women's World Cup, The All Blacks Experience at SkyCity, and in the Auckland Art Gallery's filmic exhibition Te Mata. As a solo artist, Arli is also prolific, with his fifth solo album coming out on Bigpop Records, in addition to creating a new collaborative album with renowned composer Rhian Sheehan due out in 2024. Arli's production work on Ngatapa Black's album 'I Muri Ahiahi' earned a nomination for Māori Album of the Year at the Aotearoa Music Awards, and he has performed at MoMA New York and the Montreux Jazz Festival, among other international festivals. Originally from Israel, Arli was a member of the groundbreaking White Flag Project, a pioneering crossover band uniting Palestinian and Israeli musicians. Under the mentorship of platinum-selling English record producer Mark Smulian, he was urged to 'find the back door of the electric guitar sound', which marked the beginning of Arli's journey in developing his sonic identity. In 2009, Arli moved to Aotearoa New Zealand, where he continued to develop his innovative approach to music and began exploring the synergy between composition and visual storytelling.