Torrential rain causes widespread flooding

Residents of the Wellington region inundated by torrential rain and flooding this morning are taking stock before more rain arrives this afternoon. But roads, homes and businesses in Kapiti, Porirua and Hutt Valley have been seriously flooded in many areas.

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Markets with Madison: Money printing
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Markets with Madison: Money printing

The Governor of the Reserve Bank of New Zealand explains how the expansion of money supply and higher consumer prices have eroded people’s purchasing power. Video / Carson Bluck / Mark Mitchell