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Geektastic: There are 19 countries with zero cases. Surely that means we can’t be better than 20th?!
floydbloke:
DHBs... (as opposed to admin and red tape, still can't figure out why we need 15 lots of administration of a population of only 4.5 million).
antonknee:Kiwifruta: N.Z. government reviews its relationship with the CCP.
Communist Party of China?
Chinese Communist Party.
More people will save money for a rainy day, and use debt less to purchase things.
kobiak:
I would certainly hope NZ's IT sector will grow. Giving the absolute nightmare situation going on in US/Europe, this is huge potential for NZ to become outsource hub for all the IT development. Remote location, fast internet, english speaking country, with high skill level (need to attract more) to build IT export services.
😊 ... what "absolute IT nightmare in EU" you are talking about?
- NET: FTTH, OPNsense, 10G backbone, GWN APs, ipPBX
- SRV: 12 RU HA server cluster, 0.1 PB storage on premise
- IoT: thread, zigbee, tasmota, BidCoS, LoRa, WX suite, IR
- 3D: two 3D printers, 3D scanner, CNC router, laser cutter
Citizen's digitalization has speeded up within' a week. Governments, companies and schools/universities suddenly have rolled out Clouds, WebMeetings and VideoStreaming.
- NET: FTTH, OPNsense, 10G backbone, GWN APs, ipPBX
- SRV: 12 RU HA server cluster, 0.1 PB storage on premise
- IoT: thread, zigbee, tasmota, BidCoS, LoRa, WX suite, IR
- 3D: two 3D printers, 3D scanner, CNC router, laser cutter
Kiwifruta:
More people will save money for a rainy day, and use debt less to purchase things.
Probably won't happen, due to the interest rates being so low and cheap. If interest rates were say over 10% there would be far more incentive for people to borrow less, and they also wouldn't be able to borrow as much,as their wages wouldn't be able to service the interest as easily on a mortgage with a high interest rate.
I'd like to think that all the spending that I can no longer do will carry on through. At the moment it is the standard bills, then literally the only other thing is groceries. Might need petrol at the end of 4 weeks. No more coffees, dining out, unnecessary purchases from the mall etc. Unfortunately this kind of spending is good for the economy and governments encourage it so can't see it becoming too widespread.
If you want a service to be efficient (in terms of production vs cost) it needs to run at (or very near) full capacity all the time. If you think about it, unused capacity is at best a lost opportunity to produce, and at worst an extra cost. Another strategy is to have queues of elective (I.e. optional or delayable) patients for every service. This way, any unplanned unused capacity can be soaked up doing elective treatments.
Think of it like a car engine: you can choose to have a large engine, which runs relatively inefficiently most of the time, but has plenty of power to spare for overtaking or climbing hills. Or you can have a small engine which is efficient most of the time (running nearer to full throttle most of the time) and therefore uses less fuel, but you have to change down at every hill (or into a headwind).
The health services have been pared away over the decades to minimize cost and maximize productivity. We are *very* fortunate that covid-19 has hit now rather than at peak flu season, when hospitals are always stretched. I think that the impending flu season was probably a strong motivation to dealing with covid-19 sooner rather than later. However, you can expect waiting lists for elective surgery (e..g. knee and hip replacements) to balloon out over the next few months. Or, in keeping with the government's goal to minimize waiting lists, the threshold for actually getting onto the waiting list to go up. So lots of people whose lives would be hugely improved by getting a joint replacement will not get their operations.
Without getting into too much detail, I work in a production industry and deal with "efficiencies" and "productivity". Something like running a resource at or close to capacity may seem like common sense but unfortunately it is not so simple and not guaranteed to provide the best outcome. Pencil pushers will pull their hair out if they simply look at an under-utilized resource but looking at the bigger picture this can actually end up with a superior outcome.
bmt:
I'd like to think that all the spending that I can no longer do will carry on through. At the moment it is the standard bills, then literally the only other thing is groceries. Might need petrol at the end of 4 weeks. No more coffees, dining out, unnecessary purchases from the mall etc. Unfortunately this kind of spending is good for the economy and governments encourage it so can't see it becoming too widespread.
I think there will be a mini boom once the lockdown goes to Level 2, whenever that may happen. The Warehouse, Briscoes, bars, will do a roaring trade as many have unspent cash, and the need to get out of the house and see friends and family and unload the emotions of the recent past. Its probably not big, but it will help local businesses and peoples sanity.
mattwnz:
Hopefully it will show that we need at least a third big supermarket operator in NZ.
Do we have the population to support a third national operator sustainably? I recall The Warehouse tried to become a third supermarket operator with not much success and eventually rolled back their supermarket strategy. I suspect if a third operator does come in they'll just cherry pick the profitable areas resulting in a two tier system where some areas have lower prices than while the unfortunate (especially rural) may have to pay higher prices to cross-subsidy the more lucky people. Not sure if that's a better outcome IMHO.
bmt:
Something like running a resource at or close to capacity may seem like common sense but unfortunately it is not so simple and not guaranteed to provide the best outcome. Pencil pushers will pull their hair out if they simply look at an under-utilized resource but looking at the bigger picture this can actually end up with a superior outcome.
I agree totally. But a lot of pencil pushers have spent a lot of time looking at Health. And inevitably that's had an effect on capacity planning.
mattwnz:Kiwifruta:More people will save money for a rainy day, and use debt less to purchase things.
Probably won't happen, due to the interest rates being so low and cheap. If interest rates were say over 10% there would be far more incentive for people to borrow less, and they also wouldn't be able to borrow as much,as their wages wouldn't be able to service the interest as easily on a mortgage with a high interest rate.
KiwiSurfer:mattwnz:Hopefully it will show that we need at least a third big supermarket operator in NZ.
Do we have the population to support a third national operator sustainably? I recall The Warehouse tried to become a third supermarket operator with not much success and eventually rolled back their supermarket strategy. I suspect if a third operator does come in they'll just cherry pick the profitable areas resulting in a two tier system where some areas have lower prices than while the unfortunate (especially rural) may have to pay higher prices to cross-subsidy the more lucky people. Not sure if that's a better outcome IMHO.
Kiwifruta:
In my (unregistered opinion), bank deposits are lousy investments but a great place to park money for contingency purposes.
You mean like that bank in Cyprus that ate its customers' deposits? Don't our banks also have a clause like that?
Plesse igmore amd axxept applogies in adbance fir anu typos
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