I am guessing you've already found his SC account
Since his set here a couple of years back. So good...
Russell, you may enjoy what's going down in the Boiler Room live at the moment: http://boilerroom.tv/session/london-hercules-love-affair-john-morales-robert-owens-reflex/
Fair enough. I actually like it better than the Flume one.
It's pretty basic maths though - Horse Samples: Flume 1 - Diplo 0
A terrific remix of 'Tennis Court' that has "feelgood anthem" written all over it.
First listen to this yesterday left me a little cold - high expectations perhaps. Or perhaps because Flume's remix was so outstanding? Growing slightly on me though...
And yep, Glitterbox's Soundcloud account has been a great source over the last month, the Greg Wilson mixes in particular.
Well they could start explaining with a much better website/comms - the linked site is fine if you want to wade through fairly detailed economic targets, but neither that or the media release say plainly what it is they are doing?
was part of a publicity blitz tied to Geoff's new album
Because both the OCR and the VSR have "neutral" positions - i.e. a (say) 7% contribution rate is standard, not a tax but a compulsory private savings account. They may drop that to 6.75% during stimulators periods. That isn't a benefit. Increasing the rate you transfer your own money to 7.25% to constrain money supply therefore equally isn't best viewed as a tax.
At best the "tax" is only for the periods of constraining money supply, at which point you'd have to call the lower rates a benefit, or subsidy or something. I get the loose point, but believe labelling it a tax misses it's intention and operation.
Also, the OCR "only" affects people with either interest-bearing savings or an interest-bearing loan. That's A LOT of people. I'm not convinced it's dramatically less than those people who will be enrolled in compulsory Kiwisaver (less sure).
The OCR is designed to increase or decrease the money supply - the fact it affects mortgages is just a by-product of the way it's implemented, not a feature or specific goal in itself. A VSR will do the same, just via adding another channel to that mechanism. One that during constraining periods just delays your own access to your "money supply" rather than removing it from you entirely and shipping it to others offshore. And during stimulatory periods will give you access to superannuation funds early. Broadening and lowering the mechanism for altering the money supply strikes me as a good thing.
Since it is essentially imposing a tax
Hearing this a lot - plenty of smart people claiming "regressive taxation!" - but that's only true if you believe the OCR also is "imposing a tax". At which point it's a tax whose revenue collection lands disproportionately in the overseas accounts of large global financial firms. I don't buy it.
An intriguing idea, for this non-economist anyway. I presume the variations will be relatively in line with OCR adjustments - i.e. you'd expect your Kiwisaver contributions to change by 0.25%-0.5% each adjustment. It would be much broader in it's inflation-control (as the number of people in employment > number who own houses) and lining individual retirement funds with monetary policy side-effects seems significantly greater than lining (mostly) offshore funders and (lightly) local savers. And I'm guessing they'll retain OCR adjustments as well, so each of the VSR and OCR adjustments would be more "gentle" as the impact is spread over multiple tools.
Hizzah for compulsory Kiwisaver at the least - now who is going to grab the "Kiwisaver means-tested superannuation payments" third rail?
their advisors ought to be spelling out the risks involved in any particular course of action.
And those advisors are often (usually?) the ones suggesting the course of action, so I find the standard "lawyers just execute their client's requests as per their obligation" line a little trite.
Morales' tribute mix is incredible - you can feel how personal it is. Tears into Rock With You is a pretty beautiful ending too
"You can't hide" that Bob put up is legendary - Teddy Pendergrass original then that then Sneak's rework are all individually outstanding. Although when I was playing Frankie tunes on Tuesday afternoon my 3 y/o insisted I turn it off and put Your Love back on. He then proceeded to yell "MAKE IT LOUDER" and dance his little ass off around the lounge.
And this with Morales is probably the greatest house tune ever. Probably.