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Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (2086)	9/11/2000 2:06:25 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 12231

<font color=red>Funds Flow In New Zealand [red for negative] Jon, you asked THREE questions. And you want less than 50,000 words? Do hyphenated words count as one or two? Yes, New-Zealand was considered a big-time daring-leader in free-trade, deregulation, and targeting the inflation rate as the money-supply determinant. That's 18 words so far. But that was before the Labour-party won the last-election and before Jenny-Shipley and Jim-Bolger before her abandoned the idea of cutting-regulation and government-control. In fact, for over a decade, it has been back to the bad old days of increasing government control [other than a few chinks of light]. Since Labour won the election in November, things went well over summer while NZ won the America's Cup and the politicians were on holiday and then finding their way around parliament. But now they are off and running and so is everyone else!! Wellington is renamed Helengrad [after PM Helen Clark]. She has even had to get the security people to start driving past her house to keep an eye on any unwanted visitors [since a newspaper published a map showing where her house is]. In NZ, the politicians don't go round the place with a bunch of security people toting submachine guns. Her house was in the phone book and did not have a guard [even though she lives there alone most of the time]. <Why is this a big deal?> <Is inflation raging in New Zealand?> It will be soon. Oil has gone from US$8.50 with an exchange rate of about US60c to US$30 with an exchange rate of US42c. That means oil imports now cost, um, about 5 x what they did 18 months ago. Since New Zealand has a high proportion of oil-related stuff in the GDP, [lots of road transport, industrial production, tractor-driving, fishing boat engines and not much internet, Globalstar, QUALCOMM, JDS Uniphase, Yahoo! IBM, Amazon etc], we are up, to use the vernacular, Shit-Creek without a paddle. Yours truly has seen fit to ensure his GDP is NOT oil-based [being all Q! and G!] and is keeping his credit card and passport by the bed with the car fuel-tank full and pointing towards the airport [in case there are any confiscatory regulations promulgated]. It is no bad thing from my point of view to have other Kiwis happy to work for very little pay. I can ship my G! and Q! dividends to NZ and live like a King!!! But it would actually be better if NZ did very well too so that community services could be of high quality. New roads, airports, telecom services [HDR, WWeb and all that], hospitals with new equipment etc. It's better to be well-off in a rich country than rich in a poor country like India where services and the environment are primitive. Mqurice PS: Damn, I was going to be smart and give a three word answer, but got carried away...bye!