Latest news with #ANZAC
Scoop
2 days ago
- Business
- Scoop
Loan Arrears Still A Big Concern For Kiwi Households
Press Release – Digitalstream Arrears on personal loans are also creeping higher. In fact, theyve now exceeded 10% for the second month in a row. While this is partly due to holiday timing (Easter and ANZAC fell at the end of the month), its still a reminder that many Kiwis … Fresh numbers from the May 2025 Centrix Credit Indicator reveal that while some early signs of improvement are emerging in the economy, many Kiwis are still struggling to keep up with their debts — particularly long-term loans. In April, consumer arrears sat at 12.43%, meaning around 483,000 New Zealanders were behind on at least one repayment. That's slightly better than March, but not cause for celebration just yet. More concerning is the number of people who are 90+ days overdue, which has jumped to 83,000, the highest since July last year. Loansmart Managing Director Murray Greig says, 'this is a clear sign that many households are still stretched thin and finding it tough to bounce back.' Mortgage Arrears Show Slight Improvement There is a little bit of good news. Mortgage arrears dropped to 1.49% in April, which means fewer home loan holders are falling behind. That's 1,400 fewer past-due mortgages than the previous month. But dig a bit deeper and the picture's still mixed. Long-term home loan delinquencies (90+ days overdue) are up 5% year-on-year, and missed payments in the 30–59 day bracket are up 6%, suggesting some Kiwis are on shaky ground even if they haven't fully defaulted yet. Personal Loans: A Growing Pressure Point Arrears on personal loans are also creeping higher. In fact, they've now exceeded 10% for the second month in a row. While this is partly due to holiday timing (Easter and ANZAC fell at the end of the month), it's still a reminder that many Kiwis are relying on short-term borrowing to get by. When it comes to Buy Now Pay Later (BNPL) services, arrears remain stuck at 8.7%, unchanged from last year – but still very high. What It All Means Even though short-term arrears are trending down, long-term arrears are clearly on the rise. That's a red flag. When people can't catch up after missing a payment or two, debt can quickly spiral out of control. It's not just a financial burden – it becomes a massive stressor on everyday life. Loansmart Managing Director Murray Greig says, 'We're seeing more Kiwis quietly slipping into long-term debt without a clear way out. That's where smart solutions really matter.' A Debt Consolidation Loan Could Be Your Way Forward If you're juggling multiple debts and falling behind, a debt consolidation loan can be a smart move. It rolls all your existing debts – personal loans, credit cards, even BNPL – into one simple loan, with one regular repayment and a potential drop in total interest costs. Key Benefits: One affordable repayment Lower interest rates Less stress, more control Help to improve your credit score over time With interest rates starting from 9.95%, Loansmart provides fast, fair and flexible options to help you get ahead. Let's Make a Plan Together At Loansmart, we've helped thousands of Kiwis regain financial confidence since 2008. We don't just offer loans – we offer solutions. And we'll work with you to find the smartest one. 3-minute application Approval in as little as 1 hour* Same-day payout options* Want to see how much you could save? Use our loan calculator, or chat with our friendly team for a free, no-obligation loan assessment. *Subject to responsible lending checks and criteria.
Scoop
2 days ago
- Business
- Scoop
Loan Arrears Still A Big Concern For Kiwi Households
Fresh numbers from the May 2025 Centrix Credit Indicator reveal that while some early signs of improvement are emerging in the economy, many Kiwis are still struggling to keep up with their debts — particularly long-term loans. In April, consumer arrears sat at 12.43%, meaning around 483,000 New Zealanders were behind on at least one repayment. That's slightly better than March, but not cause for celebration just yet. More concerning is the number of people who are 90+ days overdue, which has jumped to 83,000, the highest since July last year. Loansmart Managing Director Murray Greig says, 'this is a clear sign that many households are still stretched thin and finding it tough to bounce back.' Mortgage Arrears Show Slight Improvement There is a little bit of good news. Mortgage arrears dropped to 1.49% in April, which means fewer home loan holders are falling behind. That's 1,400 fewer past-due mortgages than the previous month. But dig a bit deeper and the picture's still mixed. Long-term home loan delinquencies (90+ days overdue) are up 5% year-on-year, and missed payments in the 30–59 day bracket are up 6%, suggesting some Kiwis are on shaky ground even if they haven't fully defaulted yet. Personal Loans: A Growing Pressure Point Arrears on personal loans are also creeping higher. In fact, they've now exceeded 10% for the second month in a row. While this is partly due to holiday timing (Easter and ANZAC fell at the end of the month), it's still a reminder that many Kiwis are relying on short-term borrowing to get by. When it comes to Buy Now Pay Later (BNPL) services, arrears remain stuck at 8.7%, unchanged from last year – but still very high. What It All Means Even though short-term arrears are trending down, long-term arrears are clearly on the rise. That's a red flag. When people can't catch up after missing a payment or two, debt can quickly spiral out of control. It's not just a financial burden – it becomes a massive stressor on everyday life. Loansmart Managing Director Murray Greig says, 'We're seeing more Kiwis quietly slipping into long-term debt without a clear way out. That's where smart solutions really matter.' A Debt Consolidation Loan Could Be Your Way Forward If you're juggling multiple debts and falling behind, a debt consolidation loan can be a smart move. It rolls all your existing debts – personal loans, credit cards, even BNPL – into one simple loan, with one regular repayment and a potential drop in total interest costs. Key Benefits: One affordable repayment Lower interest rates Less stress, more control Help to improve your credit score over time With interest rates starting from 9.95%, Loansmart provides fast, fair and flexible options to help you get ahead. Let's Make a Plan Together At Loansmart, we've helped thousands of Kiwis regain financial confidence since 2008. We don't just offer loans – we offer solutions. And we'll work with you to find the smartest one. 3-minute application Approval in as little as 1 hour* Same-day payout options* Want to see how much you could save? Use our loan calculator, or chat with our friendly team for a free, no-obligation loan assessment.
France 24
08-07-2025
- Sport
- France 24
Lions not invincible says former All Blacks coach Foster
Foster is assisting head coach Les Kiss to mould the invitational XV into a unit capable of challenging Andy Farrell's tourists in Adelaide on Saturday. Despite limited preparation time with a group of players more used to facing each other, he said there was "a lot of energy". "Getting to know each other is the main thing, we're not going to go heavy on organisation as we can only do so much in a short time period," said Foster, who ended his All Blacks tenure in 2023. "It's the guys just wanting to play for the guy next to them and generating a little bit of that sort of ANZAC feel about it. "We're putting aside the rivalries and saying, 'let's do something together'. "And it's not a festival game for us. It's one that we want to express ourselves, but it's a real opportunity to play a pretty special team." It is the first time since 1989 that Australia and New Zealand have joined forces. The Lions began their Australia tour with commanding wins over Western Force and Queensland Reds, but struggled to assert themselves against the NSW Waratahs. Foster said the team was taking confidence from the Waratahs blunting the Lions attack, restricting them to a 21-10 victory. "They're really pretty slick at the moment," he said of the tourists. "They've been well tested in their early games, but the Waratahs really climbed into them physically and turned that into a bit of a bun fight. "But we know that if they can play on top of you and get the ball they want, that they've got pretty good shape about how they go about things. "They're good at what they do, their set piece is strong, but it's not invincible." The Australia-New Zealand squad boosts 18 internationals with more than 300 caps of experience. The All Blacks contingent is led by David Havili, Shannon Frizell and Hoskins Sotutu, with Marika Koroibete and Pete Samu among the Wallabies set to play.
The Advertiser
01-07-2025
- General
- The Advertiser
It's not how much you spend on defence but how well you spend it
This is a sample of The Echidna newsletter sent out each weekday morning. To sign up for FREE, go to It was another ignominious end. Dismantled, cannibalised for spare parts, their bodies were buried in an undisclosed location. They were never very good and were destined to be replaced, but a fatal crash in 2023 saw their demise brought forward. But Defence's jettisoning of the MRH90 Taipan helicopter wasn't the first time it had spent billions on a dud. In October 2008, their rotor blades removed, another terrible decision was shrink-wrapped, loaded onto semi trailers and trucked out of the HMAS Albatross naval air station near Nowra. If the MRH90 decision was a blunder, the decision in 1997 to buy 11 Super Seasprites for our fleet of ANZAC class frigates, was a catastrophe. At least the MRH90 flew. Not a single Super Seasprite became operational. You might as well have piled up in small denominations the $1 billion they cost and set fire to it. Of course, it's not just kit that's meant to fly which has the sour taste of expensive lemon about it. We've had the Collins class subs. Noisy, unreliable and, as discovered last year, corroding in the salt water meant to be their natural habitat. Having already cost about $20 billion, billions more is being spent to keep them going until the AUKUS subs arrive - if they do. The largest ships our navy operates - the two Landing Helicopter Decks, HMAS Canberra and HMAS Adelaide - arrived in the middle of the 2010s riddled with defects. HMAS Canberra chalked up 6000 of them. And the cost to keep them is nudging $200 million a year. I could go on. And on. And on some more. When it comes to spending money on defence, our track record on spending it wisely is far from flash. We have a history of spending a lot of buck for little bang. That's why alarm bells ring when there's a clamour for increased defence spending without any detail about how and where that money should be spent. Much of it is political noise, generated by NATO snapping to attention with a sharp "Sir, yessir!" - or a simpering "Yes, Daddy" if you were nauseated by its sycophancy when Trump visited - when it agreed to a US demand to lift its defence spending to 5 per cent of GDP. The Albanese government has batted away the calls from the usual suspects - Pete Hegseth, Karoline Leavitt and their two local parrots, Angus Taylor and Bridget McKenzie, neither of whom have spelled out of what spending they'd cut or taxes they'd raise to meet the extra spending. The government says Australia will decide on the capabilities it needs and spend accordingly. It's read the room and knows we don't like being told what to do - especially by the Trump administration. And we won't take well to extortion via tariffs either. It also knows Australia doesn't need to strike the same war footing as Europe. We don't have a war on our doorstep. There's no Russia imperilling our borders. That's not to say we shouldn't be clear-eyed about the challenges we face. China's military build-up cannot be ignored but also should not be overstated. It's unlikely to be coveting our distant shores because it's far cheaper to buy the resources we have than attempt to seize them. But can we ever know for certain? Probably not. Defence spending is important. But it's less a question how much we spend than how well. HAVE YOUR SAY: Should Australia follow NATO's lead and increase defence spending? Would you be happy to pay more tax to pay for more military hardware? Is China a bigger threat than the US to Australia? Email us: echidna@ SHARE THE LOVE: If you enjoy The Echidna, forward it to a friend so they can sign up, too. IN CASE YOU MISSED IT: - NSW Premier Chris Minns has refused to condemn the "brutal" actions of police who broke up a pro-Palestine protest that left a one-time federal Greens candidate with a serious eye injury. - A senior public servant who gave a relative's career a leg up while hiding their connection has been found to be corrupt by the National Anti-Corruption Commission. - One of Australia's biggest health insurers admits it incorrectly dealt with loads of claims and left customers thousands of dollars out of pocket. Bupa says it is "deeply sorry" for the conduct Australia's consumer watchdog found to be misleading and deceptive across more than five years. THEY SAID IT: "A nation that continues year after year to spend more money on military defence than on programs of social uplift is approaching spiritual doom." - Martin Luther King jnr. YOU SAID IT: Truth might be the first casualty in war, but language falls soon after in a cacophony of buzzwords and euphemisms. "There also seems to be a great shortage of 'guardrails' in Australia in recent times," writes Ian. "No doubt, we could use some on our off-ramps. The expressions 'ethnic cleansing' and 'collateral damage' may be euphemistic, but they drip with irony and let the imagination run amok. So, they are all the more powerful expressions for it." David writes: "A concomitant aspect of the ongoing Coca-Cola-nisation of Australia is the gradual change of pronunciation of certain syllables/words/emphases adopted by news presenters/commentators: 'progress', where 'prog' rhymes with 'dog', and 'process' where 'proc' rhymes with 'boss'. The 'cig' in cigarette is emphasised instead of the 'ette'. Is it an inferiority problem, insecurity, ignorance? Whatever, it is painful." "The 'buzz phrase' that annoys me most? 'Reaching out' when all I did was make a phone call," writes Judith. "Nothing dramatic. I wasn't in dire straights. I didn't need rescuing. It was just an ordinary, garden variety phone call, probably to make an ordinary, garden variety enquiry about hours of trading. Or something equally mundane." Maggie writes: "Ethnic cleansing' revolts me. There's nothing clean about it; it's genocide. 'Decimate' - not nearly as bad as some people seem to think. 'That's incredible' - I hear, 'I don't believe you'. A diplomatic off-ramp? There's danger of simplistic thinking that might cloud a complex reality." This is a sample of The Echidna newsletter sent out each weekday morning. To sign up for FREE, go to It was another ignominious end. Dismantled, cannibalised for spare parts, their bodies were buried in an undisclosed location. They were never very good and were destined to be replaced, but a fatal crash in 2023 saw their demise brought forward. But Defence's jettisoning of the MRH90 Taipan helicopter wasn't the first time it had spent billions on a dud. In October 2008, their rotor blades removed, another terrible decision was shrink-wrapped, loaded onto semi trailers and trucked out of the HMAS Albatross naval air station near Nowra. If the MRH90 decision was a blunder, the decision in 1997 to buy 11 Super Seasprites for our fleet of ANZAC class frigates, was a catastrophe. At least the MRH90 flew. Not a single Super Seasprite became operational. You might as well have piled up in small denominations the $1 billion they cost and set fire to it. Of course, it's not just kit that's meant to fly which has the sour taste of expensive lemon about it. We've had the Collins class subs. Noisy, unreliable and, as discovered last year, corroding in the salt water meant to be their natural habitat. Having already cost about $20 billion, billions more is being spent to keep them going until the AUKUS subs arrive - if they do. The largest ships our navy operates - the two Landing Helicopter Decks, HMAS Canberra and HMAS Adelaide - arrived in the middle of the 2010s riddled with defects. HMAS Canberra chalked up 6000 of them. And the cost to keep them is nudging $200 million a year. I could go on. And on. And on some more. When it comes to spending money on defence, our track record on spending it wisely is far from flash. We have a history of spending a lot of buck for little bang. That's why alarm bells ring when there's a clamour for increased defence spending without any detail about how and where that money should be spent. Much of it is political noise, generated by NATO snapping to attention with a sharp "Sir, yessir!" - or a simpering "Yes, Daddy" if you were nauseated by its sycophancy when Trump visited - when it agreed to a US demand to lift its defence spending to 5 per cent of GDP. The Albanese government has batted away the calls from the usual suspects - Pete Hegseth, Karoline Leavitt and their two local parrots, Angus Taylor and Bridget McKenzie, neither of whom have spelled out of what spending they'd cut or taxes they'd raise to meet the extra spending. The government says Australia will decide on the capabilities it needs and spend accordingly. It's read the room and knows we don't like being told what to do - especially by the Trump administration. And we won't take well to extortion via tariffs either. It also knows Australia doesn't need to strike the same war footing as Europe. We don't have a war on our doorstep. There's no Russia imperilling our borders. That's not to say we shouldn't be clear-eyed about the challenges we face. China's military build-up cannot be ignored but also should not be overstated. It's unlikely to be coveting our distant shores because it's far cheaper to buy the resources we have than attempt to seize them. But can we ever know for certain? Probably not. Defence spending is important. But it's less a question how much we spend than how well. HAVE YOUR SAY: Should Australia follow NATO's lead and increase defence spending? Would you be happy to pay more tax to pay for more military hardware? Is China a bigger threat than the US to Australia? Email us: echidna@ SHARE THE LOVE: If you enjoy The Echidna, forward it to a friend so they can sign up, too. IN CASE YOU MISSED IT: - NSW Premier Chris Minns has refused to condemn the "brutal" actions of police who broke up a pro-Palestine protest that left a one-time federal Greens candidate with a serious eye injury. - A senior public servant who gave a relative's career a leg up while hiding their connection has been found to be corrupt by the National Anti-Corruption Commission. - One of Australia's biggest health insurers admits it incorrectly dealt with loads of claims and left customers thousands of dollars out of pocket. Bupa says it is "deeply sorry" for the conduct Australia's consumer watchdog found to be misleading and deceptive across more than five years. THEY SAID IT: "A nation that continues year after year to spend more money on military defence than on programs of social uplift is approaching spiritual doom." - Martin Luther King jnr. YOU SAID IT: Truth might be the first casualty in war, but language falls soon after in a cacophony of buzzwords and euphemisms. "There also seems to be a great shortage of 'guardrails' in Australia in recent times," writes Ian. "No doubt, we could use some on our off-ramps. The expressions 'ethnic cleansing' and 'collateral damage' may be euphemistic, but they drip with irony and let the imagination run amok. So, they are all the more powerful expressions for it." David writes: "A concomitant aspect of the ongoing Coca-Cola-nisation of Australia is the gradual change of pronunciation of certain syllables/words/emphases adopted by news presenters/commentators: 'progress', where 'prog' rhymes with 'dog', and 'process' where 'proc' rhymes with 'boss'. The 'cig' in cigarette is emphasised instead of the 'ette'. Is it an inferiority problem, insecurity, ignorance? Whatever, it is painful." "The 'buzz phrase' that annoys me most? 'Reaching out' when all I did was make a phone call," writes Judith. "Nothing dramatic. I wasn't in dire straights. I didn't need rescuing. It was just an ordinary, garden variety phone call, probably to make an ordinary, garden variety enquiry about hours of trading. Or something equally mundane." Maggie writes: "Ethnic cleansing' revolts me. There's nothing clean about it; it's genocide. 'Decimate' - not nearly as bad as some people seem to think. 'That's incredible' - I hear, 'I don't believe you'. A diplomatic off-ramp? There's danger of simplistic thinking that might cloud a complex reality." This is a sample of The Echidna newsletter sent out each weekday morning. To sign up for FREE, go to It was another ignominious end. Dismantled, cannibalised for spare parts, their bodies were buried in an undisclosed location. They were never very good and were destined to be replaced, but a fatal crash in 2023 saw their demise brought forward. But Defence's jettisoning of the MRH90 Taipan helicopter wasn't the first time it had spent billions on a dud. In October 2008, their rotor blades removed, another terrible decision was shrink-wrapped, loaded onto semi trailers and trucked out of the HMAS Albatross naval air station near Nowra. If the MRH90 decision was a blunder, the decision in 1997 to buy 11 Super Seasprites for our fleet of ANZAC class frigates, was a catastrophe. At least the MRH90 flew. Not a single Super Seasprite became operational. You might as well have piled up in small denominations the $1 billion they cost and set fire to it. Of course, it's not just kit that's meant to fly which has the sour taste of expensive lemon about it. We've had the Collins class subs. Noisy, unreliable and, as discovered last year, corroding in the salt water meant to be their natural habitat. Having already cost about $20 billion, billions more is being spent to keep them going until the AUKUS subs arrive - if they do. The largest ships our navy operates - the two Landing Helicopter Decks, HMAS Canberra and HMAS Adelaide - arrived in the middle of the 2010s riddled with defects. HMAS Canberra chalked up 6000 of them. And the cost to keep them is nudging $200 million a year. I could go on. And on. And on some more. When it comes to spending money on defence, our track record on spending it wisely is far from flash. We have a history of spending a lot of buck for little bang. That's why alarm bells ring when there's a clamour for increased defence spending without any detail about how and where that money should be spent. Much of it is political noise, generated by NATO snapping to attention with a sharp "Sir, yessir!" - or a simpering "Yes, Daddy" if you were nauseated by its sycophancy when Trump visited - when it agreed to a US demand to lift its defence spending to 5 per cent of GDP. The Albanese government has batted away the calls from the usual suspects - Pete Hegseth, Karoline Leavitt and their two local parrots, Angus Taylor and Bridget McKenzie, neither of whom have spelled out of what spending they'd cut or taxes they'd raise to meet the extra spending. The government says Australia will decide on the capabilities it needs and spend accordingly. It's read the room and knows we don't like being told what to do - especially by the Trump administration. And we won't take well to extortion via tariffs either. It also knows Australia doesn't need to strike the same war footing as Europe. We don't have a war on our doorstep. There's no Russia imperilling our borders. That's not to say we shouldn't be clear-eyed about the challenges we face. China's military build-up cannot be ignored but also should not be overstated. It's unlikely to be coveting our distant shores because it's far cheaper to buy the resources we have than attempt to seize them. But can we ever know for certain? Probably not. Defence spending is important. But it's less a question how much we spend than how well. HAVE YOUR SAY: Should Australia follow NATO's lead and increase defence spending? Would you be happy to pay more tax to pay for more military hardware? Is China a bigger threat than the US to Australia? Email us: echidna@ SHARE THE LOVE: If you enjoy The Echidna, forward it to a friend so they can sign up, too. IN CASE YOU MISSED IT: - NSW Premier Chris Minns has refused to condemn the "brutal" actions of police who broke up a pro-Palestine protest that left a one-time federal Greens candidate with a serious eye injury. - A senior public servant who gave a relative's career a leg up while hiding their connection has been found to be corrupt by the National Anti-Corruption Commission. - One of Australia's biggest health insurers admits it incorrectly dealt with loads of claims and left customers thousands of dollars out of pocket. Bupa says it is "deeply sorry" for the conduct Australia's consumer watchdog found to be misleading and deceptive across more than five years. THEY SAID IT: "A nation that continues year after year to spend more money on military defence than on programs of social uplift is approaching spiritual doom." - Martin Luther King jnr. YOU SAID IT: Truth might be the first casualty in war, but language falls soon after in a cacophony of buzzwords and euphemisms. "There also seems to be a great shortage of 'guardrails' in Australia in recent times," writes Ian. "No doubt, we could use some on our off-ramps. The expressions 'ethnic cleansing' and 'collateral damage' may be euphemistic, but they drip with irony and let the imagination run amok. So, they are all the more powerful expressions for it." David writes: "A concomitant aspect of the ongoing Coca-Cola-nisation of Australia is the gradual change of pronunciation of certain syllables/words/emphases adopted by news presenters/commentators: 'progress', where 'prog' rhymes with 'dog', and 'process' where 'proc' rhymes with 'boss'. The 'cig' in cigarette is emphasised instead of the 'ette'. Is it an inferiority problem, insecurity, ignorance? Whatever, it is painful." "The 'buzz phrase' that annoys me most? 'Reaching out' when all I did was make a phone call," writes Judith. "Nothing dramatic. I wasn't in dire straights. I didn't need rescuing. It was just an ordinary, garden variety phone call, probably to make an ordinary, garden variety enquiry about hours of trading. Or something equally mundane." Maggie writes: "Ethnic cleansing' revolts me. There's nothing clean about it; it's genocide. 'Decimate' - not nearly as bad as some people seem to think. 'That's incredible' - I hear, 'I don't believe you'. A diplomatic off-ramp? There's danger of simplistic thinking that might cloud a complex reality." This is a sample of The Echidna newsletter sent out each weekday morning. To sign up for FREE, go to It was another ignominious end. Dismantled, cannibalised for spare parts, their bodies were buried in an undisclosed location. They were never very good and were destined to be replaced, but a fatal crash in 2023 saw their demise brought forward. But Defence's jettisoning of the MRH90 Taipan helicopter wasn't the first time it had spent billions on a dud. In October 2008, their rotor blades removed, another terrible decision was shrink-wrapped, loaded onto semi trailers and trucked out of the HMAS Albatross naval air station near Nowra. If the MRH90 decision was a blunder, the decision in 1997 to buy 11 Super Seasprites for our fleet of ANZAC class frigates, was a catastrophe. At least the MRH90 flew. Not a single Super Seasprite became operational. You might as well have piled up in small denominations the $1 billion they cost and set fire to it. Of course, it's not just kit that's meant to fly which has the sour taste of expensive lemon about it. We've had the Collins class subs. Noisy, unreliable and, as discovered last year, corroding in the salt water meant to be their natural habitat. Having already cost about $20 billion, billions more is being spent to keep them going until the AUKUS subs arrive - if they do. The largest ships our navy operates - the two Landing Helicopter Decks, HMAS Canberra and HMAS Adelaide - arrived in the middle of the 2010s riddled with defects. HMAS Canberra chalked up 6000 of them. And the cost to keep them is nudging $200 million a year. I could go on. And on. And on some more. When it comes to spending money on defence, our track record on spending it wisely is far from flash. We have a history of spending a lot of buck for little bang. That's why alarm bells ring when there's a clamour for increased defence spending without any detail about how and where that money should be spent. Much of it is political noise, generated by NATO snapping to attention with a sharp "Sir, yessir!" - or a simpering "Yes, Daddy" if you were nauseated by its sycophancy when Trump visited - when it agreed to a US demand to lift its defence spending to 5 per cent of GDP. The Albanese government has batted away the calls from the usual suspects - Pete Hegseth, Karoline Leavitt and their two local parrots, Angus Taylor and Bridget McKenzie, neither of whom have spelled out of what spending they'd cut or taxes they'd raise to meet the extra spending. The government says Australia will decide on the capabilities it needs and spend accordingly. It's read the room and knows we don't like being told what to do - especially by the Trump administration. And we won't take well to extortion via tariffs either. It also knows Australia doesn't need to strike the same war footing as Europe. We don't have a war on our doorstep. There's no Russia imperilling our borders. That's not to say we shouldn't be clear-eyed about the challenges we face. China's military build-up cannot be ignored but also should not be overstated. It's unlikely to be coveting our distant shores because it's far cheaper to buy the resources we have than attempt to seize them. But can we ever know for certain? Probably not. Defence spending is important. But it's less a question how much we spend than how well. HAVE YOUR SAY: Should Australia follow NATO's lead and increase defence spending? Would you be happy to pay more tax to pay for more military hardware? Is China a bigger threat than the US to Australia? Email us: echidna@ SHARE THE LOVE: If you enjoy The Echidna, forward it to a friend so they can sign up, too. IN CASE YOU MISSED IT: - NSW Premier Chris Minns has refused to condemn the "brutal" actions of police who broke up a pro-Palestine protest that left a one-time federal Greens candidate with a serious eye injury. - A senior public servant who gave a relative's career a leg up while hiding their connection has been found to be corrupt by the National Anti-Corruption Commission. - One of Australia's biggest health insurers admits it incorrectly dealt with loads of claims and left customers thousands of dollars out of pocket. Bupa says it is "deeply sorry" for the conduct Australia's consumer watchdog found to be misleading and deceptive across more than five years. THEY SAID IT: "A nation that continues year after year to spend more money on military defence than on programs of social uplift is approaching spiritual doom." - Martin Luther King jnr. YOU SAID IT: Truth might be the first casualty in war, but language falls soon after in a cacophony of buzzwords and euphemisms. "There also seems to be a great shortage of 'guardrails' in Australia in recent times," writes Ian. "No doubt, we could use some on our off-ramps. The expressions 'ethnic cleansing' and 'collateral damage' may be euphemistic, but they drip with irony and let the imagination run amok. So, they are all the more powerful expressions for it." David writes: "A concomitant aspect of the ongoing Coca-Cola-nisation of Australia is the gradual change of pronunciation of certain syllables/words/emphases adopted by news presenters/commentators: 'progress', where 'prog' rhymes with 'dog', and 'process' where 'proc' rhymes with 'boss'. The 'cig' in cigarette is emphasised instead of the 'ette'. Is it an inferiority problem, insecurity, ignorance? Whatever, it is painful." "The 'buzz phrase' that annoys me most? 'Reaching out' when all I did was make a phone call," writes Judith. "Nothing dramatic. I wasn't in dire straights. I didn't need rescuing. It was just an ordinary, garden variety phone call, probably to make an ordinary, garden variety enquiry about hours of trading. Or something equally mundane." Maggie writes: "Ethnic cleansing' revolts me. There's nothing clean about it; it's genocide. 'Decimate' - not nearly as bad as some people seem to think. 'That's incredible' - I hear, 'I don't believe you'. A diplomatic off-ramp? There's danger of simplistic thinking that might cloud a complex reality."
SBS Australia
25-06-2025
- General
- SBS Australia
Veterans mark 75th anniversary of the 'forgotten' Korean War
Veterans mark 75th anniversary of the 'forgotten' Korean War Published 25 June 2025, 8:59 am It is 75 years since the start of the Korean War. The three-year conflict, which began on the 25th of June 1950, is estimated to have killed more than 3 million people. 18,000 Australians served as part of the UN forces, more than 350 losing their lives. A handful of surviving veterans bore witness at a special memorial in Canberra, to what is often viewed as "the forgotten war".
