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	<title>The Productive Economy Council</title>
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	<link>http://www.pec.org.nz</link>
	<description>The Productive Economy Council represents a growing community of people that wish to see New Zealand return to the upper end of the OECD in terms of GDP per capita.</description>
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		<title>Brian Gaynor: Costing the benefits shows we&#8217;re sinking</title>
		<link>http://www.pec.org.nz/2011/11/brian-gaynor-costing-the-benefits-shows-were-sinking/</link>
		<comments>http://www.pec.org.nz/2011/11/brian-gaynor-costing-the-benefits-shows-were-sinking/#comments</comments>
		<pubDate>Thu, 24 Nov 2011 02:19:51 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Current Thinking]]></category>

		<guid isPermaLink="false">http://www.pec.org.nz/?p=490</guid>
		<description><![CDATA[The response to last week&#8217;s column, which argued that our universal New Zealand Superannuation is not sustainable in its present form, indicates New Zealand is heading down the same route as Greece, Italy, Portugal, Spain and France. The basic problem is that successive governments, National and Labour, have introduced a plethora of welfare-entitlements financed through current [...]]]></description>
		<wfw:commentRss>http://www.pec.org.nz/2011/11/brian-gaynor-costing-the-benefits-shows-were-sinking/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Brian Gaynor: Addiction nobody seems to want to beat</title>
		<link>http://www.pec.org.nz/2011/08/brian-gaynor-addiction-nobody-seems-to-want-to-beat/</link>
		<comments>http://www.pec.org.nz/2011/08/brian-gaynor-addiction-nobody-seems-to-want-to-beat/#comments</comments>
		<pubDate>Sun, 14 Aug 2011 21:10:49 +0000</pubDate>
		<dc:creator>Selwyn Pellett</dc:creator>
				<category><![CDATA[Elsewhere]]></category>

		<guid isPermaLink="false">http://www.pec.org.nz/?p=484</guid>
		<description><![CDATA[The latest wave of financial markets&#8217; volatility is caused by a combination of factors, including the world&#8217;s addiction to debt over the past 30 years and serious flaws in our political systems. The debate over the United States Government&#8217;s debt ceiling and Standard &#38; Poor&#8217;s downgrade of US Government debt from AAA to AA+ have [...]]]></description>
		<wfw:commentRss>http://www.pec.org.nz/2011/08/brian-gaynor-addiction-nobody-seems-to-want-to-beat/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bernard Hickey: Capitalism &#8211; top heavy and toppling</title>
		<link>http://www.pec.org.nz/2011/08/bernard-hickey-capitalism-top-heavy-and-toppling/</link>
		<comments>http://www.pec.org.nz/2011/08/bernard-hickey-capitalism-top-heavy-and-toppling/#comments</comments>
		<pubDate>Sun, 14 Aug 2011 21:09:03 +0000</pubDate>
		<dc:creator>Selwyn Pellett</dc:creator>
				<category><![CDATA[Elsewhere]]></category>

		<guid isPermaLink="false">http://www.pec.org.nz/?p=482</guid>
		<description><![CDATA[The last fortnight&#8217;s dramas on financial markets is really just the sound of investors waking up to some fundamental problems in the global economy. It is now dawning on the world&#8217;s biggest fund managers that there is too much debt weighing on households and governments in the developed world. More importantly, they realise there will [...]]]></description>
		<wfw:commentRss>http://www.pec.org.nz/2011/08/bernard-hickey-capitalism-top-heavy-and-toppling/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bernard Hickey: This Government is unwilling, not unable, to lower the Kiwi Dollar.</title>
		<link>http://www.pec.org.nz/2011/08/bernard-hickey-this-government-is-unwilling-not-unable-to-lower-the-kiwi-dollar/</link>
		<comments>http://www.pec.org.nz/2011/08/bernard-hickey-this-government-is-unwilling-not-unable-to-lower-the-kiwi-dollar/#comments</comments>
		<pubDate>Tue, 02 Aug 2011 21:38:31 +0000</pubDate>
		<dc:creator>Selwyn Pellett</dc:creator>
				<category><![CDATA[Elsewhere]]></category>

		<guid isPermaLink="false">http://www.pec.org.nz/?p=479</guid>
		<description><![CDATA[Bernard Hickey highlights 10 options available to the Government and the Reserve Bank to lower the value of the Kiwi dollar. Hickey&#8217;s suggestions focus on reducing New Zealand foreign borrowing by: Cutting the government&#8217;s fiscal deficit, reviewing government procurement policies to encourage tendering of contracts to New Zealand firms, increasing the Core Funding Ratio for banks, [...]]]></description>
		<wfw:commentRss>http://www.pec.org.nz/2011/08/bernard-hickey-this-government-is-unwilling-not-unable-to-lower-the-kiwi-dollar/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Geoff Simmons Identifies an Important Reserve Bank Tool to Keep a Lid on the Flying Kiwi Dollar</title>
		<link>http://www.pec.org.nz/2011/07/geoff-simmons-identifies-an-important-reserve-bank-tool-to-keep-a-lid-on-the-flying-kiwi-dollar/</link>
		<comments>http://www.pec.org.nz/2011/07/geoff-simmons-identifies-an-important-reserve-bank-tool-to-keep-a-lid-on-the-flying-kiwi-dollar/#comments</comments>
		<pubDate>Wed, 27 Jul 2011 05:37:39 +0000</pubDate>
		<dc:creator>Selwyn Pellett</dc:creator>
				<category><![CDATA[Elsewhere]]></category>

		<guid isPermaLink="false">http://www.pec.org.nz/?p=474</guid>
		<description><![CDATA[Geoff Simmons suggests that the Reserve Bank look to increase the Core Funding Ratio for New Zealand banks. The move would protect against an influx of foreign money flooding in to New Zealand banks after the upcoming interest rate hike by forcing New Zealand banks to fund its lending through long-term deposits. This would reduce [...]]]></description>
		<wfw:commentRss>http://www.pec.org.nz/2011/07/geoff-simmons-identifies-an-important-reserve-bank-tool-to-keep-a-lid-on-the-flying-kiwi-dollar/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Labour’s Kiwi jobs, Kiwi skills, Kiwi industries initiative makes sense</title>
		<link>http://www.pec.org.nz/2011/07/labour%e2%80%99s-kiwi-jobs-kiwi-skills-kiwi-industries-initiative-makes-sense/</link>
		<comments>http://www.pec.org.nz/2011/07/labour%e2%80%99s-kiwi-jobs-kiwi-skills-kiwi-industries-initiative-makes-sense/#comments</comments>
		<pubDate>Thu, 21 Jul 2011 20:56:22 +0000</pubDate>
		<dc:creator>Selwyn Pellett</dc:creator>
				<category><![CDATA[Current Thinking]]></category>

		<guid isPermaLink="false">http://www.pec.org.nz/?p=470</guid>
		<description><![CDATA[With the New Zealand dollar at a record high and the high costs of borrowing, New Zealand’s industry is suffering. Rather than support local industry, the current Government has made life even harder by pursuing policies that have seen jobs exported. The Government is willing to invest taxpayer dollars in the Rugby World Cup and [...]]]></description>
		<wfw:commentRss>http://www.pec.org.nz/2011/07/labour%e2%80%99s-kiwi-jobs-kiwi-skills-kiwi-industries-initiative-makes-sense/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>OPINION: Capital gains tax starts to find traction, even in the ranks of the National Party.</title>
		<link>http://www.pec.org.nz/2011/07/opinion-capital-gains-tax-starts-to-find-traction-even-in-the-ranks-of-the-national-party/</link>
		<comments>http://www.pec.org.nz/2011/07/opinion-capital-gains-tax-starts-to-find-traction-even-in-the-ranks-of-the-national-party/#comments</comments>
		<pubDate>Mon, 18 Jul 2011 06:12:40 +0000</pubDate>
		<dc:creator>Selwyn Pellett</dc:creator>
				<category><![CDATA[Elsewhere]]></category>

		<guid isPermaLink="false">http://www.pec.org.nz/?p=459</guid>
		<description><![CDATA[Capital gains  tax will be the defining issue of November&#8217;s election. Its advocates want to tackle our economic problems and fast-forward our opportunities; its opponents are in economic and political denial. We, along with Turkey and Switzerland, are the only developed countries without the tax. Its absence causes economic distortions, weakens the tax system and [...]]]></description>
		<wfw:commentRss>http://www.pec.org.nz/2011/07/opinion-capital-gains-tax-starts-to-find-traction-even-in-the-ranks-of-the-national-party/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>John Armstrong recognizes Labour has won the argument on Capital Gains Tax</title>
		<link>http://www.pec.org.nz/2011/07/john-armstrong-recognizes-labour-has-won-the-argument-on-capital-gains-tax/</link>
		<comments>http://www.pec.org.nz/2011/07/john-armstrong-recognizes-labour-has-won-the-argument-on-capital-gains-tax/#comments</comments>
		<pubDate>Mon, 18 Jul 2011 06:11:10 +0000</pubDate>
		<dc:creator>Selwyn Pellett</dc:creator>
				<category><![CDATA[Elsewhere]]></category>

		<guid isPermaLink="false">http://www.pec.org.nz/?p=457</guid>
		<description><![CDATA[Chalk this one up as something of a triumph for Phil Goff. So far, at least. You can question the merits of a capital gains tax. You can question whether Labour&#8217;s promotion of such a tax will turn out to be the game-changer the party is so desperately praying it will be&#8230; read the full [...]]]></description>
		<wfw:commentRss>http://www.pec.org.nz/2011/07/john-armstrong-recognizes-labour-has-won-the-argument-on-capital-gains-tax/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Why we need Labour’s Tax Policy</title>
		<link>http://www.pec.org.nz/2011/07/why-we-need-labour%e2%80%99s-tax-policy/</link>
		<comments>http://www.pec.org.nz/2011/07/why-we-need-labour%e2%80%99s-tax-policy/#comments</comments>
		<pubDate>Thu, 14 Jul 2011 03:12:21 +0000</pubDate>
		<dc:creator>Selwyn Pellett</dc:creator>
				<category><![CDATA[Capital Gains Tax]]></category>
		<category><![CDATA[Current Thinking]]></category>
		<category><![CDATA[CGT]]></category>

		<guid isPermaLink="false">http://www.pec.org.nz/?p=439</guid>
		<description><![CDATA[In the debate that will rage around Labour’s tax policy announced today it is important to recognise and focus on one thing: Our economy is in crisis. It remains dangerously reliant on the primary sector, despite efforts to create a diversified export economy. Our tax system distorts the economy by discouraging investment in the productive [...]]]></description>
		<wfw:commentRss>http://www.pec.org.nz/2011/07/why-we-need-labour%e2%80%99s-tax-policy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bernard Hickey: PM who favours elderly a signal for young to flee</title>
		<link>http://www.pec.org.nz/2011/07/bernard-hickey-pm-who-favours-elderly-a-signal-for-young-to-flee/</link>
		<comments>http://www.pec.org.nz/2011/07/bernard-hickey-pm-who-favours-elderly-a-signal-for-young-to-flee/#comments</comments>
		<pubDate>Sun, 10 Jul 2011 22:43:53 +0000</pubDate>
		<dc:creator>Selwyn Pellett</dc:creator>
				<category><![CDATA[Capital Gains Tax]]></category>
		<category><![CDATA[Elsewhere]]></category>
		<category><![CDATA[CGT]]></category>

		<guid isPermaLink="false">http://www.pec.org.nz/?p=431</guid>
		<description><![CDATA[&#8220;In the wake of the collapse of finance companies and the slide in bank deposit rates, investors are just as keen to put their money into housing in the hope of making tax-free capital gains. House prices are rising again, particularly in Auckland. Since Key ruled out a capital gains tax or land tax in [...]]]></description>
		<wfw:commentRss>http://www.pec.org.nz/2011/07/bernard-hickey-pm-who-favours-elderly-a-signal-for-young-to-flee/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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