<?xml version='1.0' encoding='UTF-8'?><rss xmlns:atom="http://www.w3.org/2005/Atom" xmlns:openSearch="http://a9.com/-/spec/opensearchrss/1.0/" xmlns:blogger="http://schemas.google.com/blogger/2008" xmlns:georss="http://www.georss.org/georss" xmlns:gd="http://schemas.google.com/g/2005" xmlns:thr="http://purl.org/syndication/thread/1.0" version="2.0"><channel><atom:id>tag:blogger.com,1999:blog-786433584767839762</atom:id><lastBuildDate>Sun, 08 Sep 2024 18:08:32 +0000</lastBuildDate><category>Economics</category><category>Auckland</category><category>Inspiration</category><category>Personal Productivity</category><category>Politics</category><title>Catalyst</title><description></description><link>http://catalyst-economics.blogspot.com/</link><managingEditor>noreply@blogger.com (Gavin Millynn)</managingEditor><generator>Blogger</generator><openSearch:totalResults>4</openSearch:totalResults><openSearch:startIndex>1</openSearch:startIndex><openSearch:itemsPerPage>25</openSearch:itemsPerPage><item><guid isPermaLink="false">tag:blogger.com,1999:blog-786433584767839762.post-3285556500181807846</guid><pubDate>Mon, 11 Dec 2006 11:24:00 +0000</pubDate><atom:updated>2006-12-13T01:19:38.917+13:00</atom:updated><category domain="http://www.blogger.com/atom/ns#">Economics</category><title>Is fairtrade fair?</title><description>&lt;a href=&quot;http://en.wikipedia.org/wiki/Joshua&quot;&gt;Josh &lt;/a&gt;was in a state.  He’s the usually bright and cheerful guy who fixes my &lt;a href=&quot;http://en.wikipedia.org/wiki/Coffee&quot;&gt;coffee &lt;/a&gt;at my local cafe. Today he was bouncing off the walls, and it wasn’t one to many &lt;a href=&quot;http://www.coffeeco.com.au/altcof/altcoffeepage4.html&quot;&gt;Short Blacks&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;&lt;a onblur=&quot;try {parent.deselectBloggerImageGracefully();} catch(e) {}&quot; href=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/Coffee1.jpg&quot;&gt;&lt;img style=&quot;cursor:pointer; cursor:hand;width: 400px;&quot; src=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/Coffee1.jpg&quot; border=&quot;0&quot; alt=&quot;&quot; /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;He was excited about his new supply of coffee. But I couldn&#39;t  see why. It&#39;s not tastier. It’s a &lt;a href=&quot;http://en.wikipedia.org/wiki/Coffea_canephora&quot;&gt;Robusta &lt;/a&gt;bean. Not as appealing as the &lt;a href=&quot;http://en.wikipedia.org/wiki/Arabica&quot;&gt;Arabica &lt;/a&gt;variety apparently, although it packs more of a punch.&lt;br /&gt;&lt;br /&gt;&lt;a onblur=&quot;try {parent.deselectBloggerImageGracefully();} catch(e) {}&quot; href=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/800px-Canephora.jpg&quot;&gt;&lt;img style=&quot;cursor:pointer; cursor:hand;width: 400px;&quot; src=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/800px-Canephora.jpg&quot; border=&quot;0&quot; alt=&quot;&quot; /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;And it&#39;s certainly not cheaper. I was mystified. Why change to a seemingly &lt;a href=&quot;http://coffeesnobs.com.au/YaBB.pl?num=1158042241/98&quot;&gt;lesser bean&lt;/a&gt;? I’m an important customer, and I demand the best :-)&lt;br /&gt;&lt;br /&gt;I confessed my ignorance; he was only too happy to explain. Turns out it&#39;s &lt;span style=&quot;font-weight:bold;&quot;&gt;&#39;&lt;a href=&quot;http://www.fairtrade.org.uk/&quot;&gt;Fairtrade&lt;/a&gt;&#39; coffee&lt;/span&gt;. This means poor farmers in the &lt;a href=&quot;http://en.wikipedia.org/wiki/Third_world&quot;&gt;Third World&lt;/a&gt; get a little more in their pockets at the end of the day. The money I pay for my morning hit includes &lt;span style=&quot;font-weight:bold;&quot;&gt;a small &lt;a href=&quot;http://en.wikipedia.org/wiki/Subsidy&quot;&gt;subsidy &lt;/a&gt;&lt;/span&gt;that is passed back to the farmer. The idea is that people can &lt;a href=&quot;http://en.wikipedia.org/wiki/Foot_voting&quot;&gt;vote with their feet&lt;/a&gt;, and choose an ethical coffee that helps the third world at the grass roots.&lt;br /&gt;&lt;br /&gt;&lt;a onblur=&quot;try {parent.deselectBloggerImageGracefully();} catch(e) {}&quot; href=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/800px-A_small_cup_of_coffee.jpg&quot;&gt;&lt;img style=&quot;cursor:pointer; cursor:hand;width: 400px;&quot; src=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/800px-A_small_cup_of_coffee.jpg&quot; border=&quot;0&quot; alt=&quot;&quot; /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style=&quot;font-weight:bold;&quot;&gt;But is it all it cracked up be?&lt;/span&gt;&lt;br /&gt;&lt;span style=&quot;font-weight:bold;&quot;&gt;&lt;br /&gt;I don’t think so.&lt;/span&gt; I feel the problem stems from people misunderstanding the main cause of low commodity prices. &lt;span style=&quot;font-weight:bold;&quot;&gt;Agricultural products are cheap&lt;/span&gt;, not because of coercion by the west (although I expect this comes into it), but &lt;span style=&quot;font-weight:bold;&quot;&gt;because of &lt;a href=&quot;http://en.wikipedia.org/wiki/Overproduction&quot;&gt;overproduction&lt;/a&gt;&lt;/span&gt;.&lt;br /&gt;&lt;br /&gt;By propping up the price, the Fairtrade system encourages farmers to produce more coffee, rather than changing to a more lucrative crop. This forces the price down further. &lt;span style=&quot;font-weight:bold;&quot;&gt;Fairtrade achieves the exact opposite of what’s intended.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;Sure, buying Fairtrade goods makes rich westerners feel good about themselves, but it screws poor coffee farmers. It’s a classic example of a poorly thought out &lt;a href=&quot;http://en.wikipedia.org/wiki/Mass_media&quot;&gt;mass-media&lt;/a&gt; idea. It’s bankrupt and makes things worse.&lt;br /&gt; &lt;br /&gt;What poor coffee farmers need is &lt;span style=&quot;font-style:italic;&quot;&gt;&lt;span style=&quot;font-weight:bold;&quot;&gt;&lt;a href=&quot;http://en.wikipedia.org/wiki/Free_trade&quot;&gt;free trade&lt;/a&gt;&lt;/span&gt;&lt;/span&gt;. There’s nothing fairer than that.</description><link>http://catalyst-economics.blogspot.com/2006/12/fairtrade-is-totally-unfair.html</link><author>noreply@blogger.com (Gavin Millynn)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-786433584767839762.post-8215655735745931417</guid><pubDate>Fri, 08 Dec 2006 01:09:00 +0000</pubDate><atom:updated>2006-12-11T22:27:24.883+13:00</atom:updated><category domain="http://www.blogger.com/atom/ns#">Inspiration</category><title>We don&#39;t need another hero.</title><description>I never had heroes as a kid. Kind of wierd I guess. But, I do now: &lt;a href=&quot;http://en.wikipedia.org/wiki/Georges_Lema%C3%AEtre&quot;&gt;Father &lt;span style=&quot;font-weight:bold;&quot;&gt;Georges-Henri Lemaître&lt;/span&gt;&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;&lt;a onblur=&quot;try {parent.deselectBloggerImageGracefully();} catch(e) {}&quot; href=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/Prelate_Father_Lemaitre_University.jpg&quot;&gt;&lt;img style=&quot;cursor:pointer; cursor:hand;width: 200px;&quot; src=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/Prelate_Father_Lemaitre_University.jpg&quot; border=&quot;0&quot; alt=&quot;&quot; /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;This unassuming fellow was a famous scientist. Using &lt;a href=&quot;http://en.wikipedia.org/wiki/Einstein_equations&quot;&gt;Einstein&#39;s equations&lt;/a&gt;, he discovered that the universe is expanding. His hypothesis was that it must have sprung from some sort of &quot;primeval atom.&quot; This of course is now known as the &lt;a href=&quot;http://en.wikipedia.org/wiki/Big_bang&quot;&gt;&lt;span style=&quot;font-weight:bold;&quot;&gt;Big Bang theory&lt;/span&gt;&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;&lt;a onblur=&quot;try {parent.deselectBloggerImageGracefully();} catch(e) {}&quot; href=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/Universe_expansion.png&quot;&gt;&lt;img style=&quot;cursor:pointer; cursor:hand;width: 400px;&quot; src=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/Universe_expansion.png&quot; border=&quot;0&quot; alt=&quot;&quot; /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;After the Belgian detailed his theory at a lecture in the &lt;a href=&quot;http://en.wikipedia.org/wiki/Usa&quot;&gt;US&lt;/a&gt;, Einstein is reported to have stood up, applauded, and said: &lt;br /&gt;&lt;br /&gt;&lt;span style=&quot;font-style:italic;&quot;&gt;&quot;This is the most beautiful and satisfactory explanation of creation to which I have ever listened.&quot; &lt;/span&gt;&lt;br /&gt;&lt;br /&gt;High praise indeed.&lt;br /&gt;&lt;br /&gt;Georges was also a &lt;a href=&quot;http://www.catholic.org/&quot;&gt;Roman Catholic&lt;/a&gt; priest and served his country during the &lt;a href=&quot;http://en.wikipedia.org/wiki/World_War_I&quot;&gt;Great War&lt;/a&gt;. Talk about having your priorities straight.&lt;br /&gt;&lt;br /&gt;&lt;span style=&quot;font-weight:bold;&quot;&gt;Georges, I salute you!&lt;/span&gt;</description><link>http://catalyst-economics.blogspot.com/2006/12/we-dont-need-another-hero.html</link><author>noreply@blogger.com (Gavin Millynn)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-786433584767839762.post-8128019700840773689</guid><pubDate>Thu, 07 Dec 2006 06:03:00 +0000</pubDate><atom:updated>2006-12-08T15:35:19.560+13:00</atom:updated><category domain="http://www.blogger.com/atom/ns#">Personal Productivity</category><title>9% more productivity, guaranteed!</title><description>I thought I’d share some of the ideas and software that make me more productive. I was wondering what to write about and realised I was staring at them: &lt;span style=&quot;font-weight:bold;&quot;&gt;I use 2 monitors.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;a onblur=&quot;try {parent.deselectBloggerImageGracefully();} catch(e) {}&quot; href=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/Dual_apple_monitors.jpg&quot;&gt;&lt;img style=&quot;cursor:pointer; cursor:hand;width: 400px;&quot; src=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/Dual_apple_monitors.jpg&quot; border=&quot;0&quot; alt=&quot;&quot; /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style=&quot;font-weight:bold;&quot;&gt;Why 2?&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;Well according to Microsoft Research &lt;a href=&quot;http://research.microsoft.com/displayArticle.aspx?id=433&quot;&gt;&lt;span style=&quot;font-weight:bold;&quot;&gt;2 screens are better than 1&lt;/span&gt;&lt;/a&gt;, because they:&lt;br /&gt;&lt;br /&gt;&lt;span style=&quot;font-weight:bold;&quot;&gt;•  Make it easier to complete tasks.&lt;br /&gt;&lt;br /&gt;•  Increase productivity between 9% and 50% (for tasks such as cutting &amp;amp; pasting).&lt;br /&gt;&lt;br /&gt;•  Improve memory by engaging your peripheral vision.&lt;br /&gt;&lt;br /&gt;•  Benefit women more by improving spatial perception.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;Supporting these results, &lt;a href=&quot;http://www.lifehacker.com/software/dual-monitor/dual-monitors-increase-productivity-168488.php&quot;&gt;a survey by Jon Peddie Research indicates gains of 20-30%&lt;/a&gt;, and this &lt;a href=&quot;http://codebetter.com/blogs/darrell.norton/archive/2003/11/11/3432.aspx&quot;&gt;small, informal multiple monitor productivity study&lt;/a&gt;, estimates a coder’s lines of code per day to increase 10%, and bugs to decrease by 26%.&lt;br /&gt;&lt;br /&gt;&lt;span style=&quot;font-weight:bold;&quot;&gt;To make managing windows easier,&lt;/span&gt; and increase my productivity further, &lt;span style=&quot;font-weight:bold;&quot;&gt;I use a little program called &lt;a href=&quot;http://www.realtimesoft.com/ultramon/&quot;&gt;Ultramon&lt;/a&gt;.&lt;/span&gt; It adds icons to every window’s title bar. They let me switch windows between monitor and expand them across both monitors, which is fantastic for spreadsheets. The program also adds another task bar to the second monitor, which I find invaluable.&lt;br /&gt;&lt;br /&gt;&lt;span style=&quot;font-weight:bold;&quot;&gt;Imagine being even 10% more efficient at your computer. &lt;/span&gt;Think of the money that would save; how much easier your work day would be; and, how much sexier your workspace would be? This Christmas spend a little extra on yourself, and get a good second LCD monitor and a dual-head video card (NB: Laptops usually have these as standard).&lt;br /&gt;&lt;br /&gt;Trust me. &lt;span style=&quot;font-weight:bold;&quot;&gt;Once you go dual, you’ll never go back.&lt;/span&gt;</description><link>http://catalyst-economics.blogspot.com/2006/12/9-more-productivity-guaranteed.html</link><author>noreply@blogger.com (Gavin Millynn)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-786433584767839762.post-3641068682365985495</guid><pubDate>Mon, 27 Nov 2006 08:14:00 +0000</pubDate><atom:updated>2006-12-07T19:52:20.738+13:00</atom:updated><category domain="http://www.blogger.com/atom/ns#">Auckland</category><category domain="http://www.blogger.com/atom/ns#">Economics</category><category domain="http://www.blogger.com/atom/ns#">Politics</category><title>If you build it they will come.</title><description>It’s a dream come true! We’ve won the World Cup! Well not “won” it exactly. We’ve won the right to host one of the world’s biggest and most exciting sports-fests: the &lt;a href=&quot;http://en.wikipedia.org/wiki/Rugby_world_cup&quot;&gt;Rugby World Cup 2011&lt;/a&gt;. &lt;br /&gt;&lt;br /&gt;Sadly, with hosting rights, comes responsibility. We need a &lt;b&gt;60,000 seat stadium&lt;/b&gt;, and we need it fast. 2011 may be a way off, but with the &lt;a href=&quot;http://www.rmaguide.org.nz/rma/index.cfm?CFID=731624&amp;CFTOKEN=37166666&quot;&gt;Resource Management Act&lt;/a&gt;, we’d be lucky to be out of the courts by then.&lt;br /&gt;&lt;br /&gt;&lt;b&gt;What are we to do?&lt;/b&gt; We’ve made solemn promises to the &lt;a href=&quot;http://www.irb.com/en/World+Rankings/world+rankings+full.htm&quot;&gt;International Rugby Board&lt;/a&gt;. We could be shown up to be a second-rate country, something we’ve always secretly dreaded. Worse still, we could lose the games to bloody &lt;a href=&quot;http://en.wikipedia.org/wiki/Australia&quot;&gt;Australia&lt;/a&gt;! That would be more than I could bear.&lt;br /&gt;&lt;br /&gt;Well the geniuses in &lt;a href=&quot;http://en.wikipedia.org/wiki/Wellington&quot;&gt;Wellington &lt;/a&gt; have scratched their heads and come up with the following solutions:&lt;br /&gt;&lt;br /&gt;&lt;b&gt;1.Build a new stadium on a pier at Auckland’s waterfront (WS)&lt;br /&gt;&lt;br /&gt;&lt;a onblur=&quot;try {parent.deselectBloggerImageGracefully();} catch(e) {}&quot; href=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/wf1.jpg&quot;&gt;&lt;img style=&quot;cursor:pointer; cursor:hand;width: 400px;&quot; src=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/wf1.jpg&quot; border=&quot;0&quot; alt=&quot;&quot; /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;a onblur=&quot;try {parent.deselectBloggerImageGracefully();} catch(e) {}&quot; href=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/wf2.jpg&quot;&gt;&lt;img style=&quot;cursor:pointer; cursor:hand;width: 400px;&quot; src=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/wf2.jpg&quot; border=&quot;0&quot; alt=&quot;&quot; /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;2.Revamp the old warhorse: &lt;a href=&quot;http://www.edenpark.co.nz/&quot;&gt;Eden Park&lt;/a&gt; (EP)&lt;/b&gt;&lt;br /&gt;&lt;br /&gt;&lt;a onblur=&quot;try {parent.deselectBloggerImageGracefully();} catch(e) {}&quot; href=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/eden2.jpg&quot;&gt;&lt;img style=&quot;cursor:pointer; cursor:hand;width: 400px;&quot; src=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/eden2.jpg&quot; border=&quot;0&quot; alt=&quot;&quot; /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;a onblur=&quot;try {parent.deselectBloggerImageGracefully();} catch(e) {}&quot; href=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/eden1.jpg&quot;&gt;&lt;img style=&quot;cursor:pointer; cursor:hand;width: 400px;&quot; src=&quot;http://i87.photobucket.com/albums/k138/lovenmoney/eden1.jpg&quot; border=&quot;0&quot; alt=&quot;&quot; /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;Facts on the stadia are &lt;a href=&quot;http://www.arc.govt.nz/arc/index.cfm?E84568AC-BCD4-1A24-97FF-4A73414AC3F7&quot;&gt;here&lt;/a&gt;. I won’t bore you with the detail. Suffice it to say that all estimates look extremely conservative.&lt;br /&gt;&lt;br /&gt;According to the now embarrased Minister of Sports &lt;b&gt;&lt;a href=&quot;http://en.wikipedia.org/wiki/Trevor_Mallard&quot;&gt;Trevor Mallard&lt;/a&gt;&lt;/b&gt;: &lt;br /&gt;&lt;br /&gt;&lt;i&gt;&quot;The &lt;a href=&quot;http://www.labour.org.nz/&quot;&gt;government &lt;/a&gt;has decided that a waterfront location is the option that can most meaningfully contribute to the &lt;a href=&quot;http://www.aucklandcity.govt.nz/council/documents/cbdwaterfront/default.asp&quot;&gt;Government’s vision for Auckland&lt;/a&gt; as a truly world-class, international city.&quot;&lt;/i&gt;&lt;br /&gt;&lt;br /&gt;The &lt;a href=&quot;http://www.arc.govt.nz/&quot;&gt;Auckland Regional Council&lt;/a&gt; however stuck it to their bosses with a &lt;a href=&quot;http://www.nzherald.co.nz/feature/story.cfm?c_id=1501105&amp;ObjectID=10412480&quot;&gt;dissenting vote&lt;/a&gt;. Facing further embarrasment, &lt;a href=&quot;http://en.wikipedia.org/wiki/Helen_Clark&quot;&gt;Commissar Clark&lt;/a&gt; withdrew. We&#39;re now going with EP. Politics...&lt;br /&gt;&lt;br /&gt;&lt;b&gt;Well for what it&#39;s worth, I think we’ve missed a great opportunity.&lt;/b&gt; &lt;span style=&quot;font-weight:bold;&quot;&gt;I believe that one of &lt;a href=&quot;http://en.wikipedia.org/wiki/New_zealand&quot;&gt;New Zealand&lt;/a&gt;’s largest stadia needs to be moved away from the suburbs.&lt;/span&gt; I have &lt;b&gt;two reasons&lt;/b&gt; for this:&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;b&gt;1.  The suburbs are predominantly residential:&lt;/b&gt; &lt;br /&gt;&lt;br /&gt;At the moment you have EP crouching in the middle of suburbia. Sporting facilities are generally considered incompatible with housing because of &lt;i&gt;&lt;a href=&quot;http://faculty.winthrop.edu/stonebrakerr/book/external_effects.htm&quot;&gt;external effects&lt;/a&gt;.&lt;/i&gt;&lt;br /&gt;&lt;br /&gt;They&#39;re big, noisey, and just plain ugly. Not just that, there&#39;s: rubbish, stuff damaged, light from night games, day-long shadows, and general drunken buffoonery. These are the indirect costs of hosting a sporting event nearby.&lt;br /&gt;&lt;br /&gt;Experienced in isolation, we take these things in our stride, none-the-worse-for-wear. However, the problem is that residents experience these costs every game day.&lt;br /&gt;&lt;br /&gt;If you attached a dollar value to these small sufferings, with time they could add up to huge amounts of money. &lt;b&gt;Over decades the cost could easily be in the billions of dollars.&lt;/b&gt;&lt;br /&gt;&lt;br /&gt;Sure, people in the CBD, and there are probably more of them, would experience similar external effects. Residents however have &lt;b&gt;very different &lt;i&gt;&lt;a href=&quot;http://en.wikipedia.org/wiki/Expectation&quot;&gt;expectations&lt;/a&gt;.&lt;/i&gt;&lt;/b&gt; &lt;b&gt;People living near EP would experience more harm.&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;2.  The suburbs lack infrastructure:&lt;/b&gt;&lt;br /&gt;&lt;br /&gt;&lt;b&gt;EP  really doesn’t have many shops, hospitality, or accommodation nearby.&lt;/b&gt; &lt;a href=&quot;http://en.wikipedia.org/wiki/Kingsland%2C_Auckland&quot;&gt;Kingsland &lt;/a&gt;is up the road, but is limited, and other areas too far removed, or catering to unrelated types of retail. &lt;br /&gt;&lt;br /&gt;The CBD would be the perfect environment in this respect. Building a stadium on the Waterfront would maximise the potential benefits of the World Cup. Keeping the status quo would bottleneck spending and therefore economic benefits.&lt;br /&gt;&lt;br /&gt;&lt;b&gt;There are also problems with transport.&lt;/b&gt; The roading network was only ever designed to handle locals pottering about their business and not the swelling crowds and traffic jams that plague the area now. &lt;br /&gt;&lt;br /&gt;&lt;b&gt;The suburbs were never designed to support a major commercial operation.&lt;/b&gt;&lt;br /&gt;&lt;br /&gt;Sure the costs and risks are &lt;i&gt;much&lt;/i&gt; higher for the WS option. It’s a large and complicated construction project and the time to build it short. In fact I’d be surprised if the cost didn’t end up in the &lt;b&gt;NZ$1-2 billion&lt;/b&gt; range when it’s all tallied.&lt;br /&gt;&lt;br /&gt;Certainly, there is a long history of stadia budget blowouts, for instance:&lt;br /&gt;&lt;br /&gt;1.  The 1976 &lt;a href=&quot;http://www.ballparkreviews.com/montreal/montreal.htm&quot;&gt;Olympic Stadium in Quebec&lt;/a&gt; &lt;a href=&quot;http://en.wikipedia.org/wiki/Canada&quot;&gt;Canada&lt;/a&gt;. After 30 years, &lt;a href=&quot;http://en.wikipedia.org/wiki/Quebec&quot;&gt;Quebec &lt;/a&gt;residents made their final mortgage payments earlier this year on what is nicknamed the big &quot;OWE.&quot; It has cost nearly US$2 billion and it loses millions of dollars a year.&lt;br /&gt;&lt;br /&gt;2.  The &lt;a href=&quot;http://www.vectorarena.co.nz/&quot;&gt;Vector Arena&lt;/a&gt;, &lt;b&gt;another private-public initiative involving the &lt;a href=&quot;http://www.aucklandcity.govt.nz/&quot;&gt;Auckland City Council&lt;/a&gt;&lt;/b&gt;, was &lt;a href=&quot;http://tvnz.co.nz/view/page/488120/824436&quot;&gt;delayed six months&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;Regardless, I believe that if you factor in external effects over time, the short run cost of moving the stadium will be smaller than the long run cost of the status quo. &lt;b&gt;Moving the stadium from EP minimises a significant recurring cost.&lt;/b&gt;&lt;br /&gt;&lt;br /&gt;Of course this doesn’t mean that the WS is the best option. It just means that there was a good case and excuse for moving a stadium from a residential area to a commercial one. “Where” needs to be determined by &lt;a href=&quot;http://en.wikipedia.org/wiki/Economics&quot;&gt;economic &lt;/a&gt;research, but I suspect that &lt;b&gt;planning will continue to be &lt;a href=&quot;http://halfarsedideas.com/journal/&quot;&gt;half-arsed&lt;/a&gt;.&lt;/b&gt;&lt;br /&gt;&lt;br /&gt;If you accept the above then it’s a short bow to draw that: &lt;b&gt;&lt;a href=&quot;http://en.wikipedia.org/wiki/Inflation&quot;&gt;it’ll never be cheaper than NOW&lt;/a&gt; to move the stadium.&lt;/b&gt; But alas, that’s all history. We’re committed to EP. But I have a bad feeling the lawsuits are brewing as we speak.</description><link>http://catalyst-economics.blogspot.com/2006/11/if-you-build-it-they-will-come-but.html</link><author>noreply@blogger.com (Gavin Millynn)</author><thr:total>0</thr:total></item></channel></rss>