The carbon dividend and pricing agricultural emissions
The economics of video streaming don’t add up
The economics of video streaming services don’t seem to be adding up for anyone at the moment. In the US, screen writers are on strike asking for better pay. The longer the strike goes on, the greater will be the hiatus in original programming, which will reduce industry revenues. All this at a time when investors in video streaming services are looking for greater returns, which is prompting streaming services to cut costs by firing staff and deleting content.
More people working later in life
Media Release: Recession softened by migration surge as inflation eases
Inflationary pressures are finally moderating throughout the New Zealand economy, according to Infometrics’ latest economic forecasts, after two years of costs and prices running out of control. Recent data has shown demand across the economy moderating as higher interest rates and cost-of-living pressures have squeezed household spending. With international inflation also abating, the Reserve Bank is now on track to get inflation back to the top of its 1-3%pa target bank by the end of 2024.
Chart of the Month: Return of full fuel tax adds 28.5c/L to petrol price
The full fuel excise duty returned on 1 July 2023, which provisionally added 28.5c/L to the domestic price of regular petrol. However, the price of regular petrol was still 53c/L lower than this time last year, as the substantial decline in fuel prices since July 2022 means prices are sharply down even though the fuel tax is no longer discounted.