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June-July 2020 The Greenie This magazine is produced by the Waiau Pa & Clarks Beach Business Association Inc. www.theGreenie.co.nz 1 & CLAR PA KS U B Waiau Pa & Clarks Beach Business Association A EA I C A H W The Greenie B . U C S N IN I Keeping our community informed E N SS IO ASSOCIAT Become a member for $50 and enjoy the benefits Free monthly listing Discounted advertising rate One-off business profile Permanent profile on the website To join the Business Association go to the website: www.theGreenie.co.nz and fill out the online member application form. Submit this and you will be contacted by a committee member. Deadline for the August 2020 issue by 20th July Contact: [email protected] Free notices for “non-profit” community groups Personalised adverts 50 cents a word, maximum 20 words 2020 Business Association Committee Chairman: Graham Guy 027 477 1176 Secretary: Michele Mathieson 027 486 3738 Treasurer: Felicity Reber 022 089 6057 Greenie: Megan Allan 027 279 1128 Website: Kimberley Cameron 021 201 0001 Jim Jackson 027 473 0226 Kylie Eltham 027 201 6383 In this issue New member profile - ConTact CARE - p3 How a negative interest rate would impact on you - p4 & 5 Harbour Watch - p6 Inorganic rubbish collections - p7 Housing preferences in 2025 - p8 & 9 Cover photo: Memories of Clarks Beach [Part 3] - p10 & 11 The face of the future - a quirk of Clarks Beach Library - p12 nature gives this tree stump a God Defend New Zealand - p13 rather sad demeanour as almost Auckland water shortage a concern - p21 all the pines at the Clarks Beach subdivision have been removed First Cars - p22 & 23 to make way for new houses. It Happened On Fifth Street - p24 & 25 Beyond the Horizon - p26 Kiwanis Trauma Dolls - p27 Thanks as always to our regular contributors Upcoming Events Indoor Bowling Club - Tuesday 7th July Beyond the Horizon book launch - Saturday 11th July Inspiring Women Workshops - Tuesday 4th August 2 New member profile ConTact CARE - Janette King I have been a resident of Waiau Pa for 20 years and since my husband Lance and I sold our busi- ness in 2017, I have been focusing on completing my ConTact C.A.R.E training to become a fully qualified practitioner. I first learned about Con- Tact C.A.R.E - a martial arts-based technique – in 2013, completing numerous foundation courses over the coming years and treating horses and sceptical and nervous of animals become calm people in my spare time. I have completed all and trusting through a treatment. I also offer Human Practitioner courses, am currently com- horse/rider combo treatments (treating the pleting the Equine courses and am now available rider on the horse), and rider specific treat- for treatments full time. ments on a wooden horse with their gear. These ConTact C.A.R.E locates and releases trapped treatments have a unique effect on improving pressure from bone as a result of a surprise performance of horse and rider, correcting impact. The Flinchlock Release method we use is issues such as breathing issues (both horse and gentle and non-manipulative and can help many rider), rider position, gait irregularity, problems injuries and ailments – old or new. ConTact with transitions and lead changes etc. C.A.R.E. can reduce and eliminate pain, increase mobility and improve sports performance. Please check out my website: Some of the things ConTact C.A.R.E may work www.jkcontactcare.com, Contact me if you have effectively with include headaches/migraines, any questions, and follow my Facebook page: back and neck pain, sore hips and knees, breath- Janette King – ConTact CARE – Flinchlock ing disorders, cranial tension, mental/emotional Release shock, sports and old unresolved injuries. I look forward to being able to help you and your Treating horses and dogs is what I love the most four-legged friends through this - as they are so responsive and even the most Common-sense Approach to Real Ease 3 How a negative interest rate would impact on you Brad Olsen, Senior Economist at Economics Consultancy Infometrics Could your bank pay you to take out a loan? No, disruption, and further damage to New Zealand’s we haven’t fallen down Alice’s rabbit hole, this is economy in the wake of the COVID-19 pandemic. the world where the central bank implements a “Government debt levels are expected to soar, negative Official Cash Rate. doubling to over $200 billion,” Brad says. ________________________________________ With lessened tax revenue the result of rising Rocked by the devastating effects of COVID-19 unemployment coupled with increased spending on global economies, New Zealand’s central on social support, the Government will be in the bank has flagged the use of a negative Official red for a long time, he adds. Cash Rate (OCR) in its latest Monetary Policy While currently in a state of uncertainty, Statement (MPS). the possibility of a reduction in pricing across “As an unconven- the economy is likely and tional fiscal strategy, a could cause New Zealand negative OCR is some- consumers to adopt a thing Kiwis have never wait-and-see approach seen before, and one to spending that would we would need to see exacerbate an already greater conversation challenging situation. from the Reserve Bank The implementation of a of New Zealand (RBNZ) negative OCR would bring about once retail banks retail lending rates lower are in a place to implement,” says Brad Olsen, a and encourage individuals senior economist with economics consultancy to spend on goods, services, and property which Infometrics. could, in turn, enable businesses to be more Essentially, lowering the OCR into negative profitable, stabilising wages and employment. territory would mean that cash deposited with As an export economy, another major the central bank would incur a storage charge, concern for New Zealand is a reliance on foreign as opposed to earning an interest income, he investment which the RBNZ flagged in its latest says. MPS, saying that ‘reduced world activity will While previously guaranteeing that the OCR mean lower demand for New Zealand exports’. would stay on hold at its current level of 0.25 “New Zealand’s exports are holding up, but as percent for the 12-months to March 2021, in the world edges into recession, disruption to its latest MPS the RBNZ told banks to prepare trading routes and international freight lines systems for the possibility of a negative OCR by could affect the prosperity of our primary year-end, signalling the potential for a dramatic export sector,” Brad says. change in fiscal policy. “While the general feeling is that the economy Why use a negative interest rate in New has driven down the value of our dollar, reduc- Zealand? ing the OCR could realise a further reduction By using a negative interest rate strategy, which would support exports going forward.” the central bank aims to incentivise spending “Global trade will soften but a lower OCR has and deter saving to encourage much-needed the potential to assist in creating demand for economic activity. New Zealand’s exports by making them more Sombre economic projections to year-end attractively priced on a global scale,” Brad says anticipate rising unemployment, supply chain Continued on next page 4 How a negative interest rate would impact on you Continued from previous page banks forecast pricing movements in advance,” How have negative interest rates worked he adds. overseas? For savers and retirees, the slow, downward Previously indicating neutrality, RBNZ creep of the OCR since September 2015 is bad Governor Adrian Orr has said negative interest news. rates ‘had been operating just fine around the Where the current average interest rate on a world, and should be viewed as an extension of 12-month term deposit between New Zealand’s traditional monetary policy’. five major banks is around 2.2 percent, and the Just a handful of central banks currently current OCR is 0.25 percent - there is a 1.95 use zero or negative interest rates including percent gap. Sweden, Denmark, Switzerland, the European Should banks be able to maintain a compara- Central Bank (ECB), and Japan. ble difference if the OCR was further cut, then Utilised to combat a persistent deflationary a -0.25 percent OCR would see an assumed period and the European debt crisis, negative 12-month term deposit rate of 1.7 percent. interest rates across Europe have been used to A retiree with a $10,000 deposit would have stimulate the economy and improve the demand their gross return of $170 reduced to net $140 for exports. They have also given individuals per annum, after a 17.5 percent tax rate. pause for thought to re-examine finances, ask- While some say reducing the OCR further would ing whether investments such as term deposits immediately reduce wholesale interest rates, are rewarding enough. effectively amounting to monetary stimulus, In the case of persistently low interest rates, the impact on New Zealand’s housing market those with savings may be inclined to search remains to be seen. for better returns outside their bank. Interna- Brad expects that the major effect for those tionally, however, Brad says the vast majority of in the residential property market will be the retail rates have failed to fall below zero. availability of credit. How will a negative interest rate affect me? “With loan-to-value restrictions (LVR) gone For mortgage-holders, the concept of a for the next 12-months, banks will be keeping negative OCR should mean a further discount a closer eye on lending to understand who will on interest rates.