New Zealand’s Jacinda Ardern Storms to Historic Election Win After Crushing Covid

About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

  • Gunmen Kidnap 317 Girls in Northern Nigeria School
  • Pelosi: ‘The $15 Minimum Wage Will Be Achieved”
  • VP Harris Celebrates Black History Month
  • Bloomberg QuickTake: Now published this video item, entitled “New Zealand’s Jacinda Ardern Storms to Historic Election Win After Crushing Covid” – below is their description.

    New Zealand Prime Minister Jacinda Ardern swept to an historic election victory and said she will use her mandate to rebuild an economy battered by the coronavirus pandemic and tackle social inequality. Ardern’s Labour Party secured the first outright majority in parliament since the introduction of proportional representation in 1996 and, if preliminary results stand, its biggest share of the vote in more than 70 years. Ardern said Sunday she wants to form a government within two to three weeks and plans to talk to the Green Party in coming days — without indicating what role they could play in her new administration. “I have been a consensus builder but I need to work with the mandate that Labour has been given as well,” she told reporters. “Things that will aid our economic recovery quickly we will need to expedite.” Ardern, 40, has captured the hallowed center ground in New Zealand politics with a blend of empathetic leadership and skilled crisis management that has also won her fame abroad. Her successful handling of the coronavirus pandemic has demonstrated those strengths, drowning out criticism that she hasn’t delivered on some key promises during her first term in office. Preliminary results give Ardern 64 of the 120 seats in parliament. Labour won 49% of the vote after a huge swing to the left in many urban and provincial electorates. The opposition National Party slumped to 27%, its worst showing since 2002. Final results, including 480,000 special votes, are due on Nov. 6. Ardern will now have more scope to deliver the transformational government she promised when she came to power three years ago, particularly if the Greens are able to push her to be more progressive on issues such as poverty and climate change. Still, she will be wary of alienating the many center-right voters she has won from National at a time when debt is spiraling due to the government’s pandemic response. Ardern and her ministers were coy on Sunday about what the new administration will look like and whether it will move left or cater to the center ground. “We do need to look at what was the message that New Zealanders, particularly those New Zealanders who may have voted for Labour who haven’t done so before, what were they both endorsing and asking for,” Ardern said. “I think they were endorsing the work we’ve done on Covid already and I do think they were endorsing the plan we have to go forward.” Voters are rewarding Ardern for crushing community transmission of Covid-19 while countries like the U.K., U.S. and even neighboring Australia are still battling to contain the virus. Ardern was alone among her western peers in pursuing an explicit elimination strategy and imposed one of the strictest nationwide lockdowns in the world. The economy suffered its most severe contraction since the Great Depression, slumping 12.2% in the second quarter, but the lockdown wiped out community spread of the virus and restrictions were removed sooner than in many other countries. After more than 100 days without community transmission, an outbreak flared in largest city Auckland, but that was also quickly stamped out. Labour is pledging massive spending on infrastructure to boost the economy and has said it will impose a higher tax rate on income over NZ$180,000 ($120,000) a year to raise more revenue. But Ardern has ruled out implementing the wealth tax proposed by the Greens, who will have 10 seats in parliament after garnering 7.5% of the vote. Green Party co-leader James Shaw said he expected to hold talks with Labour over coming weeks. “There are good reasons why they might ask us to join up with them in the next government,” he told TVNZ on Sunday. “They’ll want as large a majority as possible.” Under New Zealand’s electoral system, parties must win 5% of votes or an electorate seat to enter parliament. Labour’s current coalition partner New Zealand First got just 2.7%, bringing the curtain down on the four-decade political career of its leader Winston Peters, who served as Ardern’s deputy and foreign minister. The tiny Maori Party may have secured one seat with a narrow victory in an electorate that will need to be confirmed once special votes are counted.

    Bloomberg QuickTake: Now YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: Australia

    Australia, officially known as the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the largest country in Oceania and the world’s sixth-largest country by total area.

    7 Recent Items: Australia

  • “The Beauty of This Is, Even a Woman Can Do It” | Shark Tank AUS
  • Is Facebook too powerful? – BBC News
  • Bancroft cashes in with 126 against Redbacks | Marsh Sheffield Shield 2020-21
  • Classy Green goes big with sixth first-class ton | Marsh Sheffield Shield 2020-21
  • Boao forum mission: Key leaders speak
  • Redbacks build strong lead after Green’s unbeaten 168
  • Australia: The battle to get Big Tech to pay for news | The Listening Post
  • In This Story: Climate Change

    Climate Change is the name commonly given to the notion that the Earth is undergoing a changing climate as a result of human activity, including notable leaders, scientists and naturalists including Sir David Attenborough.

    Climate change includes both the global warming driven by human emissions of greenhouse gases, and the resulting large-scale shifts in weather patterns.

    2 Recent Items: Climate Change

  • Weakest Gulf Stream in 1,000 years could bring more ‘extreme’ winters to UK
  • UN secretary general: ‘We need a global vaccination plan’
  • In This Story: COVID-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

    Latest News about Covid-19

    Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

    5 Recent Items: COVID-19

  • How West Virginia became a leader in coronavirus vaccinations
  • Côte d’Ivoire first African country to vaccinate with COVAX
  • Family farewells Captain Tom Moore at his funeral
  • Who will get a third stimulus check and why?
  • How is extreme poverty being measured in China?
  • In This Story: Lockdown

    During the 2020 Covid-19 epidemic, lockdown has come to mean the practice of attempting to control transmission of the virus by means of restricting people’s movement and activities on a broad scale, usually on a national or state-wide basis.

    3 Recent Items: Lockdown

  • Captain Sir Tom Moore receives flypast and honour guard at funeral service
  • Ben, who has autism, has a Covid vaccine message for others with learning difficulties | ITV News
  • Sky News Breakfast: UK economy to face ‘enormous strains’ following lockdown warns Chancellor
  • Leave a Comment