Politicians told to address crisis

General elections occur every three years in New Zealand, while the financial crisis we are seeing right now is a once-in-a-lifetime event. In the United States, the epicentre of the crisis and arguably the country with the most to lose, presidential hopefuls John McCain and Barack Obama were unable to put aside their rivalries in order to better address the crisis, but that's exactly what our leading politicians are being urged to do. Sharemarket operator NZX and think tank the New Zealand Institute yesterday released their draft strategy on how New Zealand's productive sector could be given a helping hand to withstand the looming full impact of the credit crisis here. The document has been published at the end of a week when NZX chief executive Mark Weldon has criticised politicians for their lack of leadership on how New... [read full story]