New Zealand's new prime minister calls capitalism a 'blatant failure'

New Zealand's new prime minister calls capitalism a 'blatant failure'

Incoming leader Jacinda Ardern says New Zealand will still seek membership in the proposed Trans Pacific Partnership even as she strives to honor her election campaign pledge to clamp down on foreign property speculators. "The President also asked that I pass on his warm regards to the people of New Zealand", she said.

This point has been thrown in doubt, however, after New Zealand First removed those policies from its website just before the September 23 election.

In her first interview since she forged a coalition deal last week, Ms...

"If you have hundreds of thousands of children living in homes without enough to survive, that's a blatant failure", she said.

Incumbent prime minister Bill English, whose National Party has held power for nine years, has said his party grew the economy and produced increasing budget surpluses which benefited the nation.

Crude oil futures jump to Rs. 3422 per barrel
NAIJ.com earlier reported that Nigeria's hope on growing the economy through oil rose as price of oil became steady in the market. In other energy trading Friday, gasoline futures advanced 3.3 cents, or 2%, to end at $1.678 on Friday.

Jacinda Ardern comes from the small Waikato town of Morrinsville. Has it failed our people in recent times? Yes.

"Hopefully we can convince them to change some policy."

Christine Clark, chair of ITENZ, the representative body for private training establishments, told The PIE News that she believed Labour's proposed cuts would have a significant economic impact on global education, but added she was hopeful stakeholders could help work out a better policy.

Ardern, 37, will become the world's youngest female leader less than three months after taking the reins of Labour. "That means dumping National's plans and replacing it with Labour's package that was substantially more generous", she said at a press conference.

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