First Responders – 25 new career firefighters join the Fire and Emergency New Zealand team
Source: Fire and Emergency New Zealand
First Responders – Southbridge Canterbury vegetation fire update 3
Source: Fire and Emergency New Zealand
Economy – Action needed as GDP falls faster and further than expected – NZCTU
Source: NZCTU Te Kauae Kaimahi
NZCTU Te Kauae Kaimahi Economist Craig Renney is saying that new GDP data released by Statistics New Zealand demonstrates the scale of the problems in the economy, and the desperate need for economic policy change.
“The economy fell 0.9% last quarter. The Reserve Bank forecast a 0.3% fall, and the Treasury had previously forecast a 0.7% increase. Together with recent poor labour market data, it’s clear that the government’s approach is not working,” said Renney.
“GDP fell in 10 out of 16 industry sectors. Manufacturing fell 3.5% in just three months, and mining was down 4.1%. Retail trade fell, and financial services fell. Business services fell. Healthcare and social assistance fell. Agriculture, forestry, and fishing fell.
“Across the past 15 months, the economy has been in decline for 9 of them. This isn’t due to one-off factors such as tariffs – this is an economy with no plan and no direction.
“Quarterly GDP per capita fell back into the red again and is now lower than it was in 2021, even after adjusting for inflation. Business investment fell in plant, machinery, and transport equipment. Residential construction fell 1.9% this quarter. The indicators that might support growth in the future are falling.
“We have consistently called for the government to change track on the economy. For action on rising unemployment. For action on investment in crumbling public services.
“This latest GDP data confirms the Government’s approach has failed. This should be a wake-up call that tax cuts and public service cuts aren’t delivering the economy that New Zealanders deserve or need,” said Renney.
Govt’s working from home crackdown exposed as solution looking for a problem – PSA
Source: PSA
Weather News – Wind and rain for start of school holidays – MetService
Source: MetService
Covering period of Thursday 18 September – Monday 22 September
The front which brought wet and windy conditions to many overnight will move across the North Island today while a cool, showery southwest flow becomes established over the rest of the country.
“The southwest flow over Aotearoa eases tomorrow as a ridge of high pressure moves across the country from the west, with the South Island in particular enjoying a welcome reprieve from the wild weather of the past few days,” explained MetService meteorologist Ciaran Doolin. Friday night is expected to be unseasonably chilly for many North Island locations due to the cooler air mass and the settled conditions expected with the ridge.
“However, the reprieve for the South Island doesn’t last long as a strengthening northerly flow builds over the country on Saturday ahead of another front approaching from the Tasman Sea,” Doolin said. The front moves up the South Island on Sunday, bringing extensive rain with heavy falls in the west, before becoming stationary over the central part of the country into the coming working week.
The North Island, on the other hand, should experience mostly fine conditions through the weekend. The upside for South Islanders is that temperatures will be fairly warm by September standards for eastern places courtesy of the warming of the northerly air as it descends the eastern side of the Southern Alps.
Early on Monday morning a partial solar eclipse will be visible in Aotearoa, with the southeastern South Island looking like the best spot to catch a glimpse.
Awards – realestate.co.nz named the best small/micro workplace in New Zealand
Source: Brainchild PR
The organisation has been recognised as setting the standard for workplace culture and employee experience in Aotearoa.
- Ten additional days of leave per year for people to use as they wish – whether it be ‘life admin’, extra rest, or to spend time with loved ones.
- Fully subsidised health insurance to support physical and mental wellbeing – a cornerstone of the company’s values.
- Individual learning and development budgets empower people to pursue growth opportunities, attend conferences, or upskill in areas that matter to them.
- An annual $20,000 scholarship to support advanced study, work-related passion projects, or transformative development experiences. It’s a way of investing in the team’s big ideas and bold ambitions.
- Team connection opportunities, including exciting company-wide events every quarter.
This year’s Best Workplaces™ assessment represents the voices of thousands of New Zealand employees across all sectors and organisation sizes.
Great Place to Work® is the global authority on workplace culture. Since 1992, we have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust.
First Responders – Southbridge Canterbury vegetation fire update 2
Source: Fire and Emergency New Zealand
Fire and Emergency New Zealand crews continue to battle a large vegetation fire at Southbridge in the Selwyn District in Canterbury today.
Economy – GDP contraction a knock to confidence, but signs of recovery emerging – EMA
Source: EMA
Health – “Backsliding opinions on gender and equality have no place in Aotearoa New Zealand in 2025
Source: Sexual Wellbeing Aotearoa
Universities – Climate news hits wine prices, study suggests – UoA
Source: University of Auckland (UoA)
Climate-related news can influence how much people are willing to pay for wine, according to a study by University of Auckland finance academic Dr Gertjan Verdickt.
“I ask the question, if you see more climate-related news, are you willing to pay more or less for foreign wine? And my analysis shows it’s less. The economic magnitude is meaningful with a one-standard-deviation increase in climate attention is associated with a 3.58 percent drop in the price of a bottle.”
In everyday terms, that would mean that when climate news spikes, the price a person is willing to pay for a US$480 bottle would fall by about US$17.
The decrease in the amount investors are willing to pay for a bottle of wine in relation to their exposure to climate-related news, says Verdickt, could mean a significant cost for fund managers and wine collectors.
He calls this phenomenon ‘climate extrapolation’ – when investors project climate news from their local environment onto an asset’s valuation, even if that asset is tied to a different geography.
“I compare the price of these wines abroad relative to their price in France; I used France as my benchmark. In theory, the ratio should be one, meaning a bottle costs the same abroad as it does in France. When that ratio changes, I look to understand why.”
A growing body of research shows that personal experiences influence financial decision-making, and climate news and events are no exception, says Verdickt. Events like unusually hot weather or poor air quality can alter how people invest and spend.
One theory suggests that heightened awareness of climate risks prompts investors to seek out assets perceived as resilient, thereby driving up their value. Another view is that climate awareness makes people more cautious, highlighting the vulnerabilities of certain assets and reducing demand.
The decrease in what people are willing to pay for a bottle of French wine is amplified when the effects of climate change are most palpable, during the summer months, says Verdickt, who ruled out other explanations, including natural disasters, investor mood, general uncertainty and differences in bottle condition.
To test how climate news affects what buyers are willing to pay for the same bottle of wine in different countries, he employed a dataset of over 68,000 Bordeaux Premier Cru wine auction prices from 222 houses in 18 countries, including Australia and New Zealand. Overall, the study examined more than 70,000 auction transactions.
“I collected a large dataset from auction houses that sell wines from five Bordeaux Premier Cru producers in France. These are considered the best in the world. Because of their reputation, they are highly sought after, and the average bottle costs around US$480,” says Verdickt.
“This is not the kind of wine you casually open on a weeknight, at least … I don’t. At the same time, these wines are frequently traded, which makes them a good product for analysis.”
The Bordeaux Premier Cru wines include five châteaus: Haut-Brion, Lafite Rothschild, Latour, Margaux, and Mouton Rothschild. These five producers constitute the most liquid and globally traded segment of the wine market, forming the entire benchmark’ Liv-Ex Fine Wine index’.
Furthermore, there have been investment funds dedicated to investing in these five producers, ensuring that these wines, while still a consumption good, are also considered ‘investment-grade’ wines.
Verdickt’s dataset also included climate change news for each of the 18 countries in the study. To understand climate perceptions in different countries, he used a ‘Climate Attention Index’. This index breaks down climate-related attention across multiple countries by analysing over 23 million tweets from major (national) newspapers. Verdickt compared the newspaper tweets to authoritative climate change texts to generate a daily index with country-specific scores detailing levels of climate news.
The key takeaway from the study, that climate experiences can drive investor behaviour, is consistent with previous research showing that such experiences can also influence corporate voting and other financial decisions, according to Verdickt.