Pundit

credit rating

Has fiscal responsibility become a false idol?

With most of the economic policy options for the coming NZ election now in front of us, it would appear we are continuing down the route of GDP growth, low inflation, government surpluses and Triple A credit ratings as measures of economic policy success. But, these are only means towards some desired ends or ultimate goals? 

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World News Brief, Friday October 12

Turkey forces Syrian passenger plane to land; IMF chief calls on China and Japan to end ther row over East China Sea islands; Chinese writer Mo Yan wins the Nobel Prize in literature; Spain's credit rating falls to one level above junk; Venezuela's Chavez chooses new vice president; and more

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