Finance Archives - Fis.Org Blog about finding finance in Wellington Thu, 18 Apr 2024 08:45:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://www.fis.org.nz/wp-content/uploads/2024/02/cropped-rain-4694356_640-32x32.png Finance Archives - Fis.Org 32 32 Grand Canyon Water Sources: Nature’s Lifeline https://www.fis.org.nz/water.htm Thu, 18 Apr 2024 08:45:12 +0000 https://www.fis.org.nz/?p=168 In the vast and rugged terrains of the Grand Canyon, water sources dot the landscape, each with its unique characteristics […]

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In the vast and rugged terrains of the Grand Canyon, water sources dot the landscape, each with its unique characteristics and accessibility challenges. This narrative explores the various creeks, springs, and water bodies within this natural marvel, detailing their locations and the conditions affecting their flow and availability.

Nankoweap

Nankoweap Creek, a jewel within the Grand Canyon, carves its path through the landscape, a vivid illustration of nature’s power and grace. The waters that flow here, fed by the capricious moods of the weather, sustain a delicate ecosystem that thrives in the crevices of the desert. This area, with its streams that cradle the lifeblood of the land, stands as a beacon for the resilient flora and fauna adapted to the harsh conditions. The convergence of ecosystems around the creek, from the limestone platforms to the diverse vegetation, showcases the ecological richness that water, even in scarce quantities, can foster in the desert. It’s a place where every drop counts, each contributing to the survival and flourishing of life in an environment that, at first glance, seems inhospitable.

Little Nankoweap

Little Nankoweap’s rainpools are fleeting jewels in the desert, appearing as mirrors to the sky after the rain, only to disappear under the relentless sun. These ephemeral water bodies, though short-lived, play a critical role in the survival of the desert’s microhabitats, offering a temporary haven for wildlife and replenishing underground water reserves. The absence of a direct route from Tilted Mesa to the river emphasizes the isolation and untouched beauty of Little Nankoweap, a place where the land tells stories of ancient waters and the relentless passage of time. The stark contrast between the vibrant life around these pools and the arid landscape underscores the significance of every droplet in sustaining life in the desert.

Kwagunt

Kwagunt Creek, with its dependable flow, serves as a lifeline in the rugged terrain of the Grand Canyon. The water that emerges at the base of the Redwall west of Banta Point brings with it not just sustenance for the local ecosystem but also a sense of continuity amidst the ever-changing desert landscape. The creek’s perennial waters attract a myriad of species, from the discreet footsteps of wildlife to the vibrant chorus of birds, each finding solace and survival in this desert oasis. For adventurers and naturalists alike, Kwagunt Creek stands as a testament to the enduring presence of water in the desert, shaping the land and nurturing life in its embrace.

Carbon

The area surrounding Carbon Butte encapsulates the dual nature of water in the desert – life-giving and potentially hazardous. The seep along the Butte Fault, with its warning of toxins, reminds us of the delicate balance of the natural world, where elements that sustain life can also pose dangers. Just a half-mile away, a safe haven emerges in the form of a pure water source, a stark reminder of nature’s resilience and generosity. This contrast underscores the complexity of the ecosystem and the importance of knowledge and respect for the environment. As a beacon of survival, the benign seep west of Carbon Butte symbolizes hope and the critical value of clean, accessible water in the arid wilderness.

Chuar (Lava Creek)

Chuar’s Lava Creek is a spectacle of nature’s whimsy, with water flow fluctuating with the weather, springing east of Juno Temple’s drainage junction. The shale bed’s moisture may vanish under the harsh afternoon sun, only to reappear by dawn, nourishing the land.

Basalt Creek

Basalt Creek harbors slightly bitter water, especially north of the “Basalt” marker on maps. Although upstream springs suggest an oasis of cottonwoods and reeds, the water remains elusive.

Unkar

In the embrace of the Grand Canyon, Unkar Creek emerges as a beacon of natural resilience, its seeps burgeoning with the promise of life during the wet seasons. The presence of up to four seeps, identifiable on maps and spread generously along its course, speaks volumes of the creek’s vital role in the ecosystem. These natural springs not only quench the thirst of the canyon’s inhabitants but also nourish the surrounding flora, contributing to the lushness that contrasts sharply with the arid backdrop. The furthest seep, nestled upstream and marked by “Unkar” on navigational charts, serves as a hidden gem for explorers, offering not just water but a glimpse into the heart of the canyon’s untamed wilderness. For those who traverse its paths, Unkar Creek symbolizes the enduring spirit of the desert, where water, scarce yet precious, sustains life against the odds.

Asbestos

The Asbestos region, with its water cascading above a dramatic riverfall and whispers of an ancient mining camp, holds stories of yesteryears within its flow. The water here, steadfast through seasons, carries the legacy of the land’s industrial past, juxtaposing the endeavors of humanity against the timeless force of nature. The marked “Spring” on maps, elusive and shrouded in mystery, invites adventurers and historians alike to ponder the tales it could tell. This quest for discovery, set against the rugged beauty of the upper valley, underscores the importance of water in revealing the canyon’s hidden narratives. As it flows, the creek offers a lifeline not only to the ecosystems it supports but also to the rich tapestry of human history that has crossed its paths.

Vishnu

Vishnu, with its watercourses meandering through Tapeats narrows and the ancient Archean strata, embodies the grandeur of geological time. During the wet seasons, the water’s journey to the river below becomes a testament to the canyon’s dynamic nature, illustrating how even the most ancient landscapes are continually reshaped by water. This area offers adventurers a passage through time, where every drop of water coursing through the narrows carries with it the story of the earth’s past. The challenge of navigating Vishnu’s terrain is rewarded with unparalleled natural beauty and a sense of connection to the deep, elemental forces that have sculpted the canyon over millions of years. It stands as a symbol of perseverance, where water finds its path against all odds, echoing the canyon’s ever-evolving story.

Clear Creek

Clear Creek, with its consistent flow and abundance, serves as an oasis within the Grand Canyon, ensuring sustenance and solace for both the denizens of the desert and its visitors. The creek’s waters, fed by the arm extending from Cape Royal and enriched by local sources near Cheyava, foster a vibrant ecosystem that defies the surrounding dryness. This bastion of hydration, untouched by the parched conditions to the west, exemplifies nature’s ability to create pockets of life in the most unexpected places. For those who journey through the canyon, Clear Creek offers a tranquil respite, a place where the sounds of flowing water and the rustle of leaves provide a melodious backdrop to the awe-inspiring vistas. It is a reminder of the canyon’s many faces, a place where water flows as the lifeblood of the landscape, nurturing and sustaining in its quiet strength.

Bright Angel Creek and Phantom

Both Bright Angel and Phantom Creek ensure ample water, with Phantom’s main source intriguingly located up Haunted Canyon, supplemented by springs near Phantom and below Shiva.

Trinity, Dragon/Crystal, and Tuna

These areas feature seeps and springs vital for the traveler, with Dragon Spring and Crystal Spring being particularly noteworthy for their consistent flow and location marked on maps.

Shinumo, Galloway, and Stone

As the journey through the Grand Canyon’s water sources continues, explorers and adventurers are led into more remote and challenging terrains, each revealing its unique characteristics and the vital role water plays in the arid landscape.

Fossil Bay and 140 Mile Canyon

The exploration extends to Fossil Bay, where a deep rainpool marks the main arm’s descent to Supai bedrock, offering a refreshing respite. Meanwhile, 140 Mile Canyon promises practically certain water near a grove of cottonwoods, a tranquil oasis amidst the rugged terrain.

Olo and Matkatamiba Canyons

In the secluded reaches of Olo Canyon, a seep lies in the arm southwest of Gatagama Point, where the 4500-foot contour meets the bed, offering a hidden source of hydration. Matkatamiba Canyon unveils seeps deep within the Supai north of Mt. Akaba, with rainpools and a notable seep in the Sinyala Fault, enriching the landscape with moisture, especially observed in the crisp month of April.

Sinyala Canyon and Havasu Creek

Sinyala Canyon harbors a permanent, albeit small, flow near the Supai bottom, west of where the Sinyala Fault converges with the main canyon, an emblem of enduring natural resilience. Havasu Creek, renowned for its breathtaking blue-green waters, is fed by Topacoba Spring north of the trail, with additional seeps and rainpools in Lee Canyon and a spring near Moqui Trail Canyon, further accentuating the creek’s beauty and significance.

Special Mentions: Escapes and Hidden Gems

Beyond the mapped and known, the narrative uncovers hidden gems and escapes within the Grand Canyon’s vast expanse. A permanent rainpool in Tanner canyon challenges the transient nature of desert water sources, while O’Neill Spring, though modest, offers a glimpse into the canyon’s secretive water reserves. Contrary to previous accounts, an accessible route down Escalante Canyon reveals the landscape’s forgiving side, offering passage where none was thought to exist.

The Vital Role of Water

This comprehensive overview of the Grand Canyon’s water sources, from the well-known to the obscure, highlights not just the geographical diversity and beauty of this natural wonder but also underscores the critical importance of water in such an environment. For the flora and fauna that call the canyon home, these water sources are lifelines. For the hiker, the adventurer, the explorer, they are the waypoints that mark their journey, offer respite and reflection, and, perhaps most importantly, remind us of the precious nature of water in arid landscapes.

As the narrative of water in the Grand Canyon unfolds, it invites a deeper appreciation of the natural world’s complexities and the delicate balance that sustains life in even the most challenging conditions. This account, rich with detail and exploration, offers a roadmap not just for navigating the physical terrain but for appreciating the intricate dance of nature that unfolds in the Grand Canyon’s depths.

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Top tips for investing in Wellington https://www.fis.org.nz/top-tips-for-investing-in-wellington.htm Fri, 24 Nov 2023 14:41:00 +0000 https://www.fis.org.nz/?p=49 Are you thinking of investing in the Wellington investment property? Here are some points to consider before you buy your next investment property in Wellington.

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Are you thinking of investing in the Wellington investment property? Here are some points to consider before you buy your next investment property in Wellington.

Do your homework!

Great investments usually involve serious research. Before investing, consider the outlets in the area to assess whether the property will attract a significant number of tenants. Is the population and local economy growing in the area? What are the local amenities? Is the property close to at least one local transportation system?

Tenants will likely want to utilize these factors in their daily lives, making them important selling points when it comes to marketing investment properties and can help reduce vacancy periods between rentals. Suburbs like Island Bay and Newtown are attractive to renters because they have good transportation and local amenities.

Discover your audience

Different properties attract different demographics. Notably, rental properties near universities often attract students; this can lead to vacancies during the summer that can be difficult to fill. In some neighborhoods, the median income may be lower, which may attract more low-income tenants or benefit the tenants of your Wellington property.

While properties near parks and local schools and colleges are likely to attract families. One-bedroom and studio apartments attract singles and couples, a category of tenants who tend to stay longer and are less likely to fall into rent arrears.

Find out the average rent in the area

The rental market for real estate is competitive, this is fundamental to your rental income from an investment property. Take a look at Trade Me to find out the average rent for similar properties listed in your chosen area of Wellington.

If the rent cannot cover your mortgage payments, insurance and other expenses, it may be better to start looking for another property or learn how to modify the property to increase the rent.

Start small

Don’t run before you can walk. While you are on your feet, your best chance for success is to slowly build your real estate portfolio and learn from your experiences along the way. It is easier to solve a mistake on one property than to solve the same mistake on 5 properties at a time.

Decide if you want it to be a passive investment

Becoming a landlord can easily take over your life and become a second full-time job. Before you invest, consider whether you want to be an active landlord – answering emails, calling tradespeople, and being available to solve tenant problems 24/7 – or whether you want it to be a passive secondary income.

If you plan on managing the property yourself, buying an investment property close enough to where you live can help create a smoother and more efficient property management. However, if you plan to hire property managers, your proximity to the property is less of an issue. Click here to get a rent estimate and chat with a property manager to help you consider your options.

Remember that using a property manager frees up your time for other commitments, such as family and career, and gives you time to focus on buying your next rental property. The profit of owning a larger portfolio usually far outweighs the savings gained through do-it-yourself property management.

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Reserve Bank of New Zealand https://www.fis.org.nz/reserve-bank-of-new-zealand.htm Fri, 27 Oct 2023 14:26:00 +0000 https://www.fis.org.nz/?p=43 The Reserve Bank of New Zealand (RBNZ) is the central bank of New Zealand. It was founded in 1934 and is currently established under the Reserve Bank of New Zealand Act 2021.

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The Reserve Bank of New Zealand (RBNZ) is the central bank of New Zealand. It was founded in 1934 and is currently established under the Reserve Bank of New Zealand Act 2021. The Governor of the Reserve Bank, currently Adrian Orr, is responsible for New Zealand’s currency and operational monetary policy.

The Reserve Bank of New Zealand does not provide financial services to the public and does not offer deposit insurance, and its website directs people to other financial institutions.

History

The Reserve Bank of New Zealand was established on August 1, 1934 under the Reserve Bank of New Zealand Act 1933. The Reserve Bank first issued banknotes in 1934, see New Zealand pound.

The Reserve Bank of New Zealand Act 1989, which came into force in February 1990, introduced an inflation targeting regime for the bank. New Zealand was the first country in the world to test this regime, which was later adopted in other countries.

The main functions and responsibilities of the bank have changed several times throughout its history. In 2018, the Labour-led coalition government passed the Reserve Bank of New Zealand (Monetary Policy) Amendment Act 2018, which established the bank’s monetary policy committee and codified “maximum sustainable employment” as a monetary policy objective alongside price stability.

In 2021, the government passed the Reserve Bank of New Zealand Act 2021, which established a new statutory governing board appointed by the Governor General of New Zealand on the advice of the government and the Governor of the Reserve Bank. The RBNZ Act of 2021 also appointed the New Zealand Ministry of Finance as the bank’s external controller, required the bank to publish annual performance expectations and financial risk management reports, and created a new foreign reserve coordination structure.

In December 2023, the national-led coalition government passed the Reserve Bank of New Zealand (Economic Objectives) Amendment Act 2023, which removed maximum sustainable employment as the Bank’s objective and returned the Bank’s focus to managing price stability.

Monetary policy

The main function of the Reserve Bank, as defined in the Reserve Bank of New Zealand Act 2021, is to ensure “stability in the general level of prices” and “maximum sustainable employment.”

The Reserve Bank is responsible for the independent management of monetary policy to maintain price stability. The degree of price stability is determined by a target policy agreement with the Minister of Finance. Policy targets are public documents, so the government cannot secretly change the targets to get a short-term surge in economic growth.

The mechanism for this is the official cash rate, which affects short-term interest rates. The NBU will provide overnight cash to banks at 0.50% above the cash rate, under reliable protection without restrictions. In addition, the bank accepts deposits from financial institutions with interest, usually at the official cash rate.

Banks that offer loans at interest rates higher than the official cash rate will be undercut by banks that offer cheaper loans, and banks that lend below the official cash rate will receive less compared to other banks that can simply place their money with the Reserve Bank. with a higher rate of return. The Reserve Bank borrows and offers loans without limiting the amount to ensure that the interest rate in the market remains at the level of the official cash rate.

By controlling this, the Reserve Bank can then influence short-term demand in the New Zealand economy and use this to control prices.

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Funding for environmental projects in Wellington https://www.fis.org.nz/funding-for-environmental-projects-in-wellington.htm Fri, 13 Oct 2023 14:34:00 +0000 https://www.fis.org.nz/?p=46 In search of a sustainable future, Wellington, New Zealand's capital city, is relentless in its pursuit of environmental solutions and innovation.

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In search of a sustainable future, Wellington, New Zealand’s capital city, is relentless in its pursuit of environmental solutions and innovation. Funding for environmental projects plays a key role in this process, helping the city become greener, cleaner and more sustainable. Let’s take a look at what funding opportunities are available for environmental projects in Wellington and how this affects the future of the city and the environment.

Solutions for a Sustainable Future

Wellington is a city that values and conserves natural resources. Environmental projects include various initiatives aimed at reducing carbon footprints, improving energy efficiency, protecting biodiversity and improving air and water quality. These can be projects to introduce renewable energy sources, create green spaces, introduce waste management and many others.

Tools and Resources

One of the main challenges to implementing environmental projects is access to funding. In Wellington, there are a number of tools and resources available to fund such projects. These can include government grants and subsidies, private investment, environmental funds and environmental foundations. There are also programs that provide financial support for environmental entrepreneurs and startups.

Benefits of Investing in Environmental Projects

Investing in environmental projects not only helps to improve the environment, but also brings a number of economic and social benefits. Investing in green technology and infrastructure helps to create new jobs, reduce energy and maintenance costs, and improve public health and wellbeing.

Wellington’s Green Future

Funding environmental projects in Wellington is an investment in the future of the city and its residents. We must work together to support and develop these projects to ensure a green, clean and sustainable future for all. Let’s work together to create a green Wellington that will be the pride of our generation and a gift for the future.

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