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Recently, the United States Federal Reserve has cut interest rates by 50 basis points, citing signs of economic slowdown and lowering inflation rates. This decision, although overseas, is heavily connected to New Zealand as almost all state economies are tied to the United States. Following this decision, the Reserve Bank of New Zealand may choose to follow in the same footsteps.

This decision may reduce or slow the current recession, which New Zealand is already in the midst of, worse than the two-thousand and eight financial crisis. However, the odds of igniting consumer price may also increase leading to asset inflation additionally increasing.

Sasha spoke to professor of Business and Economics Robert MacCulloch from the University of Auckland about a deeply complicated issue, which affects all New Zealanders.

Archives New Zealand and the National Library announced last week plans to cut 30 roles within the organisations. The two organisations are responsible for the preservation and retrieval of both historical and legal records in Aotearoa. The National Library also assists libraries and schools across the country in initiatives to boost children’s engagement with literacy and reading. 

To discuss the impact of the layoffs and what they say about the government’s broader approach to the situation Wire host Castor spoke to national secretary of the public service association, Fleur Fitzsimons.

ACT Party leader David Seymour has made headlines with his proposal to abolish a number of ministerial portfolios and reduce the size of Cabinet, calling the current line-up “bloated.” He argues that fewer ministers would mean a more efficient and focused government.

Seymour’s proposal has raised questions about how cuts would impact already underrepresented communities, with concerns removing ministries like Pacific Peoples and Māori Development could reduce vital advocacy and attention. 

For our weekly catch up, Producer Evie spoke to ACT MP Simon Court about the proposal, and whether it would genuinely streamline government — or simply overburden remaining ministers. 

They also discussed a new member’s bill from ACT aimed at removing mandatory climate-related disclosures for banks. ACT says the rules currently disadvantage rural borrowers and farmers, while critics argue the move signals a retreat from climate responsibility. 

And finally, they spoke about last week’s unprecedented strike action by senior doctors, which saw over 5,000 walk off the job nationwide.