In plain English, when a city is hundreds of millions of dollars in debt—depending on who you believe, the figure is between $200 million and $400 million—how do you get out of the hole? 1. You can sell the family jewels, and there’s water left. We tried this in the 1980s, and now so […]
Read More… from Getting Wellington out of debt—by growing the right businesses
Certain media are reporting the city’s [debt] in the $200 million–$300 million mark but our outside-council research reveals this is a very conservative estimate. It’s likely to be more. Regardless of whether it’s $200 million or half an (American) billion (scary just saying it), any deficit that’s nine digits long can’t be good for […]
There have been a few times in the history of this blog where I stepped away from writing regularly. At the end of 2006, I had a pretty good excuse: I was in France. This time, my reasons for stepping away for a few weeks do not include: (a) I was spending too much time […]
Read More… from Chatting to TV, radio and internet journalists for the mayoral campaign