Society's Child
Permanent migrant departures exceeded arrivals by 360 in May following readings of 130 in April and 520 in March, Statistics New Zealand said in Wellington today. In the year ended May 31, arrivals outpaced departures by 4,625, the lowest number since the 12 months through January 2009.
Slowing migration adds to the evidence for weaker growth and a declining labor supply this year after the magnitude 6.3 quake killed more than 180 people, wrecked houses and closed businesses in Christchurch on Feb. 22. The central bank may hold borrowing costs at record lows for longer after Christchurch was struck last week by aftershocks, pushing interest-rate swaps to the lowest this month.
"Taxpayers fleeing the country will hamper the government's desire to swiftly restore the budget to surplus, while a softer economy for longer keeps the Reserve Bank on hold for longer," Annette Beacher, head of Asia-Pacific research at TD Securities in Singapore, said in an e-mailed note.
New Zealand's dollar was little changed after the report. It bought 81.08 U.S. cents at 12:25 p.m. in Wellington from 81.01 cents immediately before the release. The two-year swap rate, a fixed payment made to receive floating rates, rose one basis point to 3.32 percent, after touching 3.275 percent on June 17, the lowest since May 24.
Gross domestic product will rise 2.1 percent in the year ending March 31, 2012, according to the average forecast of 11 economists surveyed by the New Zealand Institute of Economic Research Inc.
Christchurch Departures
Permanent departures of Christchurch residents in the three months through May were 1,300 more than the year-earlier period, the statistics agency said. About 400 fewer people arrived in the city, the statistics agency said.

Childcare activist Sheila Kitzinger has thrown her weight behind the campaign to have the baby returned to her mother.
Madrid's social services department insisted there were more serious reasons for taking the 15-month-old girl into care, but an official report criticises the mother's habit of breastfeeding on demand and letting the child sleep in bed with her.
"She uses breastfeeding as a pacifier and a toy, offering her breast any time the girl cries and letting her take it anywhere, no matter the time and context," says an edited version of the report produced by supporters of the 21-year-old mother, known as Habiba.
These criticisms have angered Spanish paediatricians and also prompted childcare activist Sheila Kitzinger and mothers' groups in Britain, the US and elsewhere to throw their weight behind the campaign to have the baby, known as Alma, returned to her mother.
"This baby must be returned to her mother as a matter of urgency and should be able to suckle whenever she wants to," Kitzinger told one of the campaign groups petitioning for Alma's return.
The U.S. Federal Trade Commission has given the thumbs up to Social Intelligence Corp, which keeps files of Facebook users' posts as part of a background-checking service for screening job applicants.
A spokesperson for Social Intelligence has clarified in an email:
Data is archived purely for compliance reasons and not used for any other purposes. This is to provide a verifiable chain-of-custody in case the information is ever needed for legal reasons. Archived data is never used for new screens.
As per our policies and obligations under the Fair Credit Reporting Act, the only information we collect on job applicants is employer defined criteria that is legally allowable in the hiring process. Examples of this include racist remarks, sexually explicit photos or videos, or illegal activity such as drug use
We are not building a database on individuals that will be evaluated each time they apply for a job and potentially could be used adversely even if they have cleaned up their profiles. It is important for job applicants to understand we are not storing their historical information to be used against them the next time they apply for a job.
But even though study after study have shown soda to be a significant contributor to America's staggering obesity crisis, he says there is too little "solid evidence."
Meanwhile, the Centers for Disease Control last week warned teenagers to cut down on their soda consumption, citing studies that show soda contributes to obesity and other health problems such as diabetes.
Allison has said such studies haven't been rigorous enough to prove soda contributes to obesity, but critics say his skepticism stems from his financial ties to entities such as Coca-Cola, Pepsi and the American Beverage Association, who, critics say, have paid Allison to poke holes in the scientific consensus.

James Verone handed a bank teller a note demanding money and claimed he had a gun.
A North Carolina man robbed a local store for a dollar just so he could get health care in prison, he said.
James Verone, 59, handed the teller a note demanding $1 and claimed he had a gun, ABC News reported.
He then walked away and sat down, waiting for police.
"I started to walk away from the teller, then I went back and said, I'll be sitting right over there in the chair waiting for the police," he said, according to local television station 9News. "I wanted to make it known that this wasn't for monetary reasons, but for medical reasons."
Verone, who committed the robbery on June 9, does not plan to pay his bail, which was recently reduced to $2,000.
"The injunction at this stage would be useless, as not only is there no ongoing release from the well, but there is also no viable offshore facility from which any release could possibly occur," U.S. District Judge Carl Barbier wrote. "The Macondo well is dead, and what remains of the Deepwater Horizon vessel is on the ocean floor, where it capsized and sank in 5,000 feet of water.
Comment: Dead?
Five-Mile Wide Suspected Oil Slick Spotted Just North of Deepwater Horizon Explosion Site
"Moreover, BP and the agencies comprising the Unified Area Command have been and are cleaning up the Gulf of Mexico. An injury is not redressable by a citizen suit when the injury is already being addressed."
Judge Barbier is overseeing the massive, consolidated oil spill litigation, which has been divided into "bundles," based upon the nature of the claims.
Comment: Even the mainstream media says Gulf Oil Spill Called the Biggest Cover-up in the History of America.
Ryan Cleary, an alleged member of the hacking group behind the claim, LulzSec, was arrested in Essex this morning by specialist cyber crime officers from Scotland Yard.
The 19-year-old was taken to a central London police station and remains in custody on suspicion of Computer Misuse Act and Fraud Act offences.
A "significant amount of material" was also seized from an address in Wickford, Essex.
The "pre-planned intelligence-led operation" in collaboration with the FBI followed claims online that the 2011 census database had been stolen and would be published in full.
Comment: Or is this 'hacking' just a convenient excuse for those in power who wish to expose the private information of UK citizens?
Why am I going on the Freedom Flotilla II to Gaza? I ask myself this, even though the answer is: What else would I do? I am in my sixty-seventh year, having lived already a long and fruitful life, one with which I am content.
It seems to me that during this period of eldering it is good to reap the harvest of one's understanding of what is important, and to share this, especially with the young. How are they to learn, otherwise?
Our boat, The Audacity of Hope, will be carrying letters to the people of Gaza. Letters expressing solidarity and love. That is all its cargo will consist of. If the Israeli military attacks us, it will be as if they attacked the mailman. This should go down hilariously in the annals of history. But if they insist on attacking us, wounding us, even murdering us, as they did some of the activists in the last flotilla, Freedom Flotilla I, what is to be done?
There is a scene in the movie "Gandhi" that is very moving to me: it is when the unarmed Indian protesters line up to confront the armed forces of the British Empire. The soldiers beat them unmercifully, but the Indians, their broken and dead lifted tenderly out of the fray, keep coming.

A decoy sits on Bob Scamen's pond in Braidwood, Ill., within view of the Braidwood Nuclear Power Station in Braceville, Ill. Braidwood has leaked more than six million gallons of tritium-laden water in repeated leaks dating back to the 1990s — but not publicly reported until 2005.
Braceville, Illinois - Radioactive tritium has leaked from three-quarters of U.S. commercial nuclear power sites, often into groundwater from corroded, buried piping, an Associated Press investigation shows.
The number and severity of the leaks has been escalating, even as federal regulators extend the licenses of more and more reactors across the nation.
Tritium, which is a radioactive form of hydrogen, has leaked from at least 48 of 65 sites, according to U.S. Nuclear Regulatory Commission records reviewed as part of the AP's yearlong examination of safety issues at aging nuclear power plants.
Leaks from at least 37 of those facilities contained concentrations exceeding the federal drinking water standard - sometimes at hundreds of times the limit.
While most leaks have been found within plant boundaries, some have migrated offsite. But none is known to have reached public water supplies.
Comment: Tritium - is a radioactive isotope of hydrogen. The nucleus of tritium (sometimes called a triton) contains one proton and two neutrons, whereas the nucleus of protium (by far the most abundant hydrogen isotope) contains one proton and no neutrons. Naturally occurring tritium is extremely rare on Earth, where trace amounts are formed by the interaction of the atmosphere with cosmic rays. The name of this isotope is formed from the Greek word "tritos" meaning "third."
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Health risks
Tritium is an isotope of hydrogen, which allows it to readily bind to hydroxyl radicals, forming tritiated water (HTO), and to carbon atoms. Since tritium is a low energy beta emitter, it is not dangerous externally (its beta particles are unable to penetrate the skin), but it is a radiation hazard when inhaled, ingested via food or water, or absorbed through the skin. HTO has a short biological half life in the human body of seven to 14 days, which both reduces the total effects of single-incident ingestion and precludes long-term bioaccumulation of HTO from the environment.

A Qantas and a Virgin plane sit on the tarmac at the international airport in Sydney as the Chilean ash cloud grounds flights.
Thousands of travellers were stranded after Qantas cancelled all domestic flights in and out of Sydney, Melbourne and Canberra on Tuesday afternoon, until at least Thursday. International flights have also been affected, with all Qantas planes due to land on Wednesday diverted or delayed until Thursday.
Virgin has also cancelled flights out of Sydney and Melbourne until further notice. "The ash plume is at a very low level and we're not comfortable flying at those levels," said Virgin Australia spokeswoman Danielle Keighery.
The ash cloud from the volcano is circling Earth for a second time, after last week delaying about 700 flights across Australia and New Zealand.
Comment: For more information on the dangers of soda, see these Sott links:
The Real Dangers of Soda to You and Your Children
The Facts, Statistics and Dangers of Soda Pop