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$2.49

Written By: - Date published: 7:23 pm, May 20th, 2013 - 98 comments
Categories: capitalism - Tags: ,

That’s what Mighty River stocks closed at today. Down on their issue price within ten days.

And there’s a strong chance that the Meridian float will sink the price of Mighty shares even further – they’re companies with similar profiles, are regulated in the same way, and are fighting over the same limited customer base so there’s a strong likelihood that the market will see them as similar enough shares that even more coming on the market just keep pushing that price point down. After all how many billions of dollars are there available for New Zealand electricity shares? And if the billions are there, where are they coming from?

The funny thing is that I think National know this. They’re not interested in actually making money out of this sale. They’re interested in shrinking government and transfering wealth.

There’s been a lot of big finance talk about the sale of these assets lately, and quite a bit of political horse-race stuff, but very little economic analysis. So my question is – does anyone really still believe this fiasco makes economic sense? Or is it just considered a fait accompli?

98 comments on “$2.49”

  1. Mary 1

    Great stuff. Long may they fall.

  2. Colonial Viper 2

    Less another $60 in sharebrokers commission if you want to sell your shares. OUCH

      • Colonial Viper 2.1.1

        Ah I stand corrected. You only lose 1c per share and $30 brokerage :)

        • David H 2.1.1.1

          3000 shares +brokerage would equal 60 bucks, so yes ouch!

          • Financially literate 2.1.1.1.1

            Bullshit. Read the links.

            • Colonial Viper 2.1.1.1.1.1

              hmmmm time you pull your (calculator) out…

              • Financially literate

                Bullshit. It does not need to cost people $60 for brokerage. 3,000 * 2.49 = 7,470 which is less than 10,000 (anz) or 15,000 (direct brokering). At Asb it is also less than 0.3% of 10,000 which is equal to $30. All easily done online with no joining fees.

                • RJL

                  The average sharetrade of MRP at the moment is $50k worth of shares. On the day of launch the average value of a trade was more like $100k.

                  That looks like the profile of big(ish) individuals who are selling (and probably institutions who are buying). Or maybe institutions selling partial holdings.

                  Mythical Mum and Dads with $8k worth of shares don’t seem to be trading at the moment. They are just losing the paper gains that they made last week.

                  • felix

                    The mums and dads can get fucked. They’re marketing dupes. They’ll watch the price stagnate for a while then sell offshore.

                    • SomeSuch

                      Charming.

                    • Rich

                      Yup, they got the biggest rooting since they became a mum and dad in the first place.

                      Doubt there’ll be many takers next time.

                    • SomeSuch

                      Settle down Rich. No ma and pa who preregistered has been ‘rooted’. Each has a margin of safety of up to 10c per share up to 5,000 (loyalty bonus) at the listing price of $2.50. Plenty of water to go under the bridge yet.

                    • Colonial Viper

                      So you have to rely on a government based top up gift in order to make money from this MRP deal? So much for the free market.

                    • SomeSuch

                      It’s hard to determine whether your stupidity is willful or instinctual. I guess that’s splitting hairs.

                    • RJL

                      Somesuch,

                      Any Mum and Dads who are selling right now are getting screwed. Largely by themselves. You are quite right that they should just sit tight. And the “loyalty bonus” just makes it even more sensible to just sit.

                      Around 100 small traders ($10k or less) started selling today, when the price nudged back to $2.51. That seems to fit the profile of Mums and Dads who panicked.

                    • Colonial Viper

                      The big institutions are just doing their thing of shaking out the weak hands and collecting a few more cheap shares for their big money boys.

                  • RJL

                    Although having said that in the last 20 minutes, or so, about 30 trades of only $5k have taken place. That would be Mums and Dads panicking and getting screwed.

                  • freedom

                    you do understand what a mean and a mode average are don’t you RJL?
                    http://thestandard.org.nz/2-49/#comment-635992

  3. BM 3

    Mighty river power is more about dividend than share price.

    • RedBaronCV 3.1

      Spare me BM – there is a linkage between dividend and share price less the nil prospect of a capital gain.

  4. Descendant Of Sssmith 4

    Wonder if Mr Gaynor will fess up to if he has dumped his shares as per his normal practise of pump and dump.

    Yep got all that short term profit to make.

    Wonder if IRD will tax those who have sold – obviously those that have sold weren’t investing.

    • Jared 4.1

      Care to back that statement up that Brian Gaynor and or Milford Asset Management pump and dump?

      • Colonial Viper 4.1.1

        Investors in his funds should be able to see how many MRP he has left.

        btw I think Gaynor can do a dump of MRP stocks; but his fund is not big enough to do a significant pump.

      • Descendant Of Sssmith 4.1.2

        I’m referring to the fact that he has been encouraging mum and dads to buy the shares thereby increasing demand and price while running a business that does not hold onto shares for the long term.

        Quote:
        Milford adopts a highly active approach to portfolio management in order to attempt to take advantage of changing market conditions and investment opportunities.

        So having encouraged people to buy, without to my knowledge ever prefacing his media comments with the information that he often sells when prices rise, rather than wait for dividends over the long term has he already sold any shares purchased?

        It just seems wrong to me.

        You might have some technical definition of pump and dump that sets a more than the colloquial description that I think of but the phrase seems to describe the notion of talking the price up and selling perfectly to me.

        I’m just really asking whether he did sell when the price went up and is there any conflict in telling others to buy in the way he did?

  5. andy (the other one) 5

    Institutional investors did not have to pay for shares until the Wednesday after the float (3 days of free money), they have secured their balance sheets at the expense of 80,000 stupid mum and dad first time investors.

    How you feeling now , Mum & Dad. You have been rolled by John Key, the NZX and Banksters Inc…

    Marketing won, we lost…

    • Lanthanide 5.1

      I don’t understand this comment. Various financial commentaries I’ve read said it would be/was the institutional investors, both in NZ and foreign, that would be buying up on the first day of listing, to meet their required investment thresholds, and mum & dads that were selling to them.

      • Tamati 5.1.1

        You’re correct. A few greedy speculators will always try to “stag” the IPO and cash in early when institutional investors try to increase their portfolio.

      • andy (the other one) 5.1.2

        Basically the shares were floated at lunch time on Friday and Institutional investors and other large volume buyers were not required to settle until the following Wednesday. The likes of Milford Asset Management, could sell and take profit with little or no risk (Arbitrage).

        Mum & Dad investors had the money taken weeks prior to listing, the game was rigged in favor of the big boys.

        Kiwisaver and Cullen Fund buyers are holding long term so the price fluctuation is not so important vs the dividend stream.

        • Lanthanide 5.1.2.1

          “Mum & Dad investors had the money taken weeks prior to listing, the game was rigged in favor of the big boys.”

          Ahh, right. I thought you were saying the big boys took advantage of the mum & dad investors directly, rather than just that they had an advantage.

      • RJL 5.1.3

        The average sharetrade was around $100k on the first day. So that implies it was not Mums and Dads that were selling.

        • freedom 5.1.3.1

          I guess when you include the million dollar plus trades (that mums and dads do every day) then yeah the average share trade value is quite high, but that would be the good old mean average so beloved by liars and spin doctors. Not the mode. Like when [people] say the average NZ income is $45-50K (mean) and not the $25-30K (mode) range that the vast majority of kiwis actually earn. It just sounds better doesn’t it? Who wants to be reminded most kiwis earn under 30K a year.

          I recall this TV3 article from the night which plainly stated that small holdings of only a few thousand shares were the most common range traded
          http://www.3news.co.nz/Govt-happy-with-Mighty-River-Power-share-rise/tabid/369/articleID/297324/Default.aspx

          • RJL 5.1.3.1.1

            Yes, there is a difference between mean and median, etc.

            However, with share trades (on NZX, at least) there are still only a small number of total trades involved. So the few large trades are in fact most of the market (there is not a vast number of tiny trades).

            For example, right now there have only been 379 trades today of MRP shares for a total of about $20M of shares. Most of the value is in trades >$50k, plus 100-200 or so trades for tiny amounts (<$10k, some for only $100s). The people making money are the large traders. The small traders are just getting screwed on brokerage fees.

            • freedom 5.1.3.1.1.1

              “The average share trade was around $100k on the first day. So that implies it was not Mums and Dads that were selling.”
              “there are still only a small number of total trades involved. So the few large trades are in fact most of the market”

              So using an admitted mean average artificially inflated the figure to back up your assertion that it was not mums and dads selling. So transparent, it is embarrassing. You do realise you have admitted this 100K figure was a result of misrepresentation and has little relationship to the reality of trades on the day. Trades which all other data shows were predominately small holdings. Otherwise called Mums and Dads.

              • RJL

                No. The majority of the trade today (and everyday since the MRP float) has been relatively large(ish) volume traders. Who are trading stock packages valued around $50k-$200k. I.e., unlikely to be Mums and Dads.

                There have also been a similar number of tiny volume traders active, who are potentially Mums and Dads. And admitedly, quite a lot of these minnows have been active today — at least since the price went back to $2.50. But these traders represent a tiny proportion of total trades — due to the small numbers involved. And they represent a tiny proportion of the 100,000 or so Mums and Dads that purportedly exist.

                If today’s MRP trade was mostly due to Mums and Dads you would need thousands of Mum and Dad scale traders selling their entire portfolios to make up today’s total volume.

                You can use the interwebs to look at the numbers yourself if you are interested.

                • freedom

                  “on the first day.”
                  you are one of these people who just cannot simply say, ‘i made a mistake, my bad’ and move on

                  “on the first day.” does not mean any other time but the first day and they were your words and the article i referenced was about the first day and the numbers you gave were about the first day

                  have a good day

              • alwyn

                You are clearly mistaken.
                I remember on the first day of trading hearing Russel Norman explaining what was going on.
                Somehow the genius that he is was able to look at a string of trades that had taken place, and bear in mind they only gave the volume and the price, and determine that all the trades were by small shareholders selling out to large overseas based investors. Clearly he is a genius, and you story must be wrong.
                Incidentally it is impossible to tell whather all trades are by small holdings. You can only tell at best one side of the trade. For example if I buy 100,000 shares it may show up as 20 trades at 5,000 each, if I was buying from people who had that to sell.
                If on the other hand I wanted to sell 100,000 shares it could show up as 20 trades, also at 5,000 each. You cannot distinguish either of those from 20 trades each by a person wanting to buy 5,000 from 20 other people wanting to sell 5,000

                • freedom

                  I am sure that might happen sometimes but I don’t believe stock holders regularly do twenty small trades on the same day, with the associated multiple fees, rather than the one or two larger trades

                  your explanation screams of desperate spin
                  but then again you are trying to defend stock trades so spin away alwyn, spin away

                  • alwyn

                    I am afraid that you don’t understand how the sharemarket works.
                    Suppose I want to buy 100,000 MRP shares. I ask my broker to do so.
                    Suppose also that there are 20 small shareholders who are willing to sell 5,000 shares.
                    For the moment ignore the fact that they have to be the ones willing to accept the lowest price and so on. This only determines who I end up buying from.
                    The above scenario would cause 20 transactions to be recorded of 5,000 shares each. Note that I did NOT initiate 20 trades. It was just that they were the size of parcels available.
                    Similarly if I wanted to buy 5,000 shares and I was willing to pay a higher price than anyone in the market, and there was a seller who had 100,000 for sale I would get them from him, even though in total he wanted to sell more. This would show up as a trade of 5,000. His remaining 95,000, if sold, would show up as 1 or more other trades.
                    I am not “desperately spinning” You just don’t understand how the stockmarket works. The whole point about the crap that RN was mouthing was that he hadn’t the faintest idea who was making the trades. He was just spouting bs.

                    • freedom

                      I get that, I do. Who was selling the shares is what was being discussed. It comes down to the most likely scenario and if people are selling small blocks on the first day they were more likely small stockholders, ie ‘mums and dads’. If it was a larger stockholder why would they bother selling piecemeal packets of their master of the universe folios.

                      p.s. alwyn, My spin comment was a bit out of line, apologies for that.

                    • alwyn

                      My point was that you can’t tell, from the material that Russel Norman was talking about, whether it was a small seller, in which case your supposition is correct or whether it was a small buyer wanting to round up his initial allocation and a large seller whose offering was being taken up by a number of small buyers. They could have received a decent lot but not enough to really satisfy them and they may have decided to drop out completely.
                      That is why there is the alternative interpretation that it was large sellers, and small buyers. I don’t know which it was, neither do you and neither does Russel Norman. That is why I think he was just spouting any bs that suited him.
                      I wasn’t trying to “spin” it but I think that RN certainly was.
                      Thank you for the last comment. It is very easy, particularly when one is annonymous to get a little extreme, such as my comment “You just don’t etc”. Consider that withdrawn.

                    • RJL

                      You are quite right that lots of small trades could mean either a small number of big sellers selling small packages or many smaller traders each selling small amounts.

                      However, the NZX tells you the volume of individual trades as they happen (possibly with a time lag depending on how you access the data). So, it is easy to identify that most of the value of MRP share trade is occuring in packages that are typically too big to be Mums and Dads.

                      A little trade can be either a big trader or a Mum and Dad, but big trades can only be made by big traders. With the proviso that “big” merely means in excess of $10k, which is well above the mythic Mum and Dad holding size.

  6. RedBaronCV 6

    I’m thinking it might be time to buy a few and give them to the Green’s and David Cunliffe’s electoral committe as a donation. Good use of money and would enliven the AGM.

  7. Suitably Clueless 7

    I am utterly illiterate economically when it comes to the share market, it may as well be sorcery. As far as this mixed ownership model goes, why would or should I buy shares to own a utility that is feasibly in my share as a taxpaying citizen? I sincerely hope that these ‘mum & dad’ investors hold on to their shares for as long as it takes to get them back. Leave the big boy games to the big boys.

    • Tamati 7.1

      Because any dividends and capital gains you receive from shares you own privately, are yours to spend as you wish.

      • Colonial Viper 7.1.1

        While depriving the government treasury of funds with which to provide services to NZers with, and increasing the nation’s dependence on foreign financiers and debt.

    • MrSmith 7.2

      There’s not a-lot to understand, basically it’s like a casino where Mum’s and Dad’s get shafted and the company owners and those in the know make off like thief’s, the dealers (share brokers) are also paid well.

  8. JK 8

    “They’re not interested in actually making money out of this sale. They’re interested in shrinking government and transfering wealth”.

    I reckon you’ve got it right, Irish Bill. This govt is only interested in transferring NZ wealth and assets to their overseas rich corporate mates. They don’t care about NZ – DonKey certainly doesn’t – he’s more interested in helping his overseas mates (who may/or may not have helped him into his current position !)

    • North 8.1

      Really does seem to be the way. Stuff of a novel.

    • felix 8.2

      “They’re not interested in actually making money out of this sale. They’re interested in shrinking government and transfering wealth”.

      Yep, and John Key said as much in parliament.

      When asked “Is there a bottom line below which he would not sell our profitable assets; and if so, what is that bottom line?”,

      he answered “The bottom line is that it has got to be the right thing for New Zealand, and it is.”

      There you have it: No financial bottom line; just an ideological one.

      • Colonial Viper 8.2.1

        Thank goodness there’s at least one party left which stays true to its political economic ideology. Just sucks they’re the Tories.

  9. Jimmie 9

    10 days? Well hopefully most of the investors take a slightly longer outlook than 10 days when they purchased the shares.

    Look back in 6 months or 1 years time and you will be able to decide if it was good buy or not – also dividend announcements in August.

    • Tamati 9.1

      +1

    • IrishBill 9.2

      As a right winger you will believe that the market prices dividend and future value into the cost of the share.

      And the market has decided these shares are worth less than they were ten days ago. In fact if you take the closing value on float day into account as the first clear market price they are worth considerably less than they wore ten days ago.

      That means the market has decided the future growth and dividend stream isn’t good enough to see the share increase. It’s close to a perfect market. Which means price is nearly perfectly correlated to value. And the price has fallen.

      • King Kong 9.2.1

        Irish makes an excellent point on how well Key and the National government have done in getting, what appears to be, a top of the market price for their shares in MRP.

        What am outstanding outcome for the country.

        • Lanthanide 9.2.1.1

          Minus the $100m+ cost of sale and the price per share they achieved is probably more like $2.30-40.

          Sorry.

      • The Gormless Fool formerly known as Oleolebiscuitbarrell 9.2.2

        If MRP is worth less than it was before, the government is onto a winner, isn’t it? They have exchanged shares on the way down for cash. The State has won out over the capitalists. You should be celebrating that, IB.

  10. The Gormless Fool formerly known as Oleolebiscuitbarrell 10

    Irishbill’s onto a winner here. If the price drops, the public have been sold a pup. If it rises, the Nats have ripped the people off. He cannot lose.

    • Colonial Viper 10.1

      More like the people of NZ cannot win. Just the 1% who collect banksters fees and brokerage commissions.

    • burt 10.2

      Irish is supporting blind opposition – no need to think – just parrot Labour = good, National = bad.

      • Colonial Viper 10.2.1

        When did you suddenly become a fan of thinking and independent thought?

  11. Augustus 11

    And now the people of Christchurch are told that selling some of their assets they built up could be flogged of to pay for that nice Convention Centre they’ve been hanging out for since the earthquake. The people I saw on Campbell Live last night will be delighted to know that they’ve been heard by Key.

    • Lanthanide 11.1

      If the decision is ultimately up to the council, then they won’t sell the assets, because the people of CHCH won’t let them.

      CCC has the lowest debt out of any council in the country, precisely because they didn’t sell off their assets as was the vogue back in the 90’s.

      • tracey 11.1.1

        …and dont have the leaky home liability of Auckland, shitloads is being outlaid paying for that mess.

  12. Wayne (a different one) 12

    Congratulations Labour, you have been very successful in wiping considerable value of a New Zealand asset.

    I just can’t wait for the economic package the left are going to roll out for the election campaign. I’m sure it will make rivetting reading – not!

    • One Anonymous Knucklehead 12.1

      Have they damaged the dams? Or stopped the flow of wind and water?

      You really need to learn the difference between your wallet and the country.

    • Arfamo 12.2

      Congratulations Labour, you have been very successful in wiping considerable value of a New Zealand asset.

      How do you figure that? The value to everyone was greater before the Natsys decided to put it on the market. The Natsys devalued it.

    • tracey 12.3

      The market has done that. You forget some people just made a BIG profit in a few days. Those who bought at issue price, sold when it went high, pocketed the profit and will probably buy back in near the current price. They can do that because unlike the mums and dads (fictional) with $2000 worth of shares the $60 brokerage fee meant doing the same thing was of no benefit to them. Funny how it favoured the people from the PM’s former “profession”.

      Interestingly, no release from the Government as to how many oft he expressions of interest were fictional names…

  13. Mr Interest 13

    ENERGY SECURITY

    NZ Sells off renewable energy producing Assets and makes more roads (i.e. oil dependent)

    cf

    America invests heavily in developing an Energy Security Trust (go the yanks….)

    http://www.whitehouse.gov/blog/2013/03/15/what-you-need-know-about-energy-security-trust

    Quote:

    “America’s scientists are a national treasure. Every day, idea by idea, innovation by innovation, they are developing new technology that will help secure our energy future. If we want to keep moving forward, we need scientists to keep inventing and innovating, to keep unlocking new solutions and pushing new breakthroughs.

    In his 2013 State of the Union address, President Obama called on Congress to create an Energy Security Trust Fund, which would free American families and business from painful spikes in gas prices. The President’s plan builds on an idea that has bipartisan support from experts including retired admirals and generals and leading CEOs, and it focuses on one goal: shifting America’s cars and trucks off oil entirely.

    So how does it work? The Energy Security Trust will invest in research that will make future technologies cheaper and better – it will fund the advances that will allow us to run cars and trucks on electricity or homegrown fuels, and on the technology that will enable us to drive from coast-to-coast without a drop of oil.”

    So we as a small nation flog off our best energy producing assets…. an opportunity lost….. (we can leverage off the future technology from the above research). Oh no that’s right…. some investor will.

    The game is changings

  14. Wayne (a different one) 14

    And what of the 1 million plus people who have invested their ‘hard earned’ money in Kiwisaver – so you say to them – ‘tough’, your investment has just gone backwards.

    All courtesay of some mis-guided Labour loonies.

    And to you knucklehead – you just have no grasp economics, but then thats pretty typical of the left.

    In fact, you’re a bloody economic tragic, given you’re comments.

    • One Anonymous Knucklehead 14.1

      Coming from a right whinger that’s a compliment.

      Hysterical abuse where an argument belongs – “loonies” – is pretty typical of the right.

      I note that Contact Energy shares (after an initial gain) went down before they went up. Was that Labour’s fault too?

      PS: If the Green/Labour policy announcement put the fear into the maggots as you assert, I hope there’s more where that came from, because you people have spent thirty years too many pushing your incompetent tripe.

      Two words: Thomas Herndon.

    • Colonial Viper 14.2

      Wayne – this should teach people to put their hard earned money in the hands of grubby little financiers and profiteers.

    • Arfamo 14.3

      The situation wouldn’t even exist if National hadn’t created it. Stop crying.

    • RJL 14.4

      …who have invested their ‘hard earned’ money in Kiwisaver…

      That would be a decision made by the fund managers of the various Kiwisaver schemes.

      A large fund could have made a high risk investment for short-term gain, in which case they’ve probably been and gone and already dumped their stock when the prices was around $2.60 (or higher).

      Alternatively, a large fund could be investing for the long haul, for dividend pay-back (and possibly long-term stock price growth). In which case the stock price right now is largely irrelevant — and it is in fact better to be lower, so that the fund can buy more shares now.

      In either case, the fund managers would have done their numbers and managed their risk appropriately. If the fund managers are competent, there should not be any significant disasters.

    • tracey 14.5

      They didnt have to buy, remember they paid for their shares AFTER Labour and the Greens indicated they might change the legislation if elected. It was good they gave people a “heads up”.

      Did you think investing int he stock market was a bubble free of any influences Wayne? This grasp of economics you speak of Wayne, is it the economics that leads to banks being bailed out or stockmarkets crashing?

      Panicking about a short term fluctuation in stock prices exposes your economic ignorance Wayne.

  15. The Gormless Fool formerly known as Oleolebiscuitbarrell 15

    If the price is tanking, maybe we should sell the rest of the shares.

    • freedom 15.1

      OleOle, to almost any other commenter, I would suggest you forgot the sarc tag
      sadly you are being as straight as you know how
      and would like nothing more than the final traces of public ownership to be donated to the troughers

  16. Binders full of viper- women 16

    Holy shit.. that makes me down a whole 400 cents… gotta hurt a RWNJ/ asset thief.

  17. Mark Fletcher 17

    Probably pointless making this comment but here goes.
    Closed today at $2.51 above their issue price in one more day!
    Posting hysterical posts “about a short term fluctuation in stock prices exposes your economic ignorance” Tracey.

  18. Mark Fletcher 18

    You say “They’re interested in shrinking government” what could possibly be wrong with that?
    Or do you want the government to interfere in all aspects of your lives?

    • The Gormless Fool formerly known as Oleolebiscuitbarrell 18.1

      Deep down, I think you know the answer to that, Mark.

    • IrishBill 18.2

      That’s a false binary. I, like most non-ideologues, want a mixed economy in which the government owns and runs essential services that are strategic, have high entry barriers, and tend toward monopoly or cartel behaviour. Electricity is very much in that basket.

      It seems to me you’re quite happy to have private interests interfering in your life but I’m more of a fan of economic sovereignty and democratic accountability.

      And Ole, for your own sake, please don’t immediately suck around the ankles of any new rightie that turns up spouting roarkian drivel – it’s undignified.

      • Saccharomyces 18.2.1

        “want a mixed economy in which the government owns and runs essential services that are strategic, have high entry barriers, and tend toward monopoly or cartel behaviour. Electricity is very much in that basket.”

        And what about the mixed ownership model in place for MRP contradicts this statement? Government still has majority shareholding, and retains control.

        • One Anonymous Knucklehead 18.2.1.1

          “…retains control…”

          Link to the last time this ignorant garbage was debunked.

          We need better wingnuts.

          • Saccharomyces 18.2.1.1.1

            Thanks for that!

            Shit, might as well sell them off completely then!

            • One Anonymous Knucklehead 18.2.1.1.1.1

              See IrishBill’s comment above. The one you claimed meant the govt. “retains control”. The key words are “essential” and “strategic”.

              “Essential” means you must have it.

              “Strategic” means it is part of a big plan.

              I hope that makes it easier for you to grasp.

        • Colonial Viper 18.2.1.2

          And what about the mixed ownership model in place for MRP contradicts this statement? Government still has majority shareholding, and retains control.

          Because its just shifted control and ownership of even more core economic infrastructure to the private sector.

          Guess it’ll just have to be shifted back over time.

        • prism 18.2.1.3

          IB :grin:

      • The Gormless Fool formerly known as Oleolebiscuitbarrell 18.2.2

        ..and I’m all about the dignity.

  19. SomeSuch 19

    “And if the billions are there, where are they coming from?”

    Collectively NZ households have $115b in deposits with registered banks. In total they collectively have $240b in financial assets, with a net $48b of financial wealth. On top of this financial wealth, NZers have around $442b in net housing equity. Household disposable income is approximately $132b p.a. In other words NZ households have billions that could be allocated to purchasing equities in M.O.M should the investments stack up against other alternative uses.

    http://www.rbnz.govt.nz/statistics/monfin/c18/download.html

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    No Right Turn
  • World News Brief, Wednesday November 26
    Top of the AgendaIran to Access $700 Million Monthly During Talks Extension...
    Pundit
  • “Cut the crap” – quick analysis
    Here's the video of Andrew Little's question in the House today. Some quick thoughts: I was really interested that National's strategy team has already decided it has to deploy Tim McIndoe to break up the flow of Andrew Little's questioning....
    Polity
  • A statement from John Key
    Apologise? What for? I’m not sorry for anything. I have done nothing wrong. It’s Phil Goff who should be apologising. It’s Phil Goff who should resign....
    Imperator Fish
  • Submit!
    The Foreign Affairs, Defence and Trade committee has called for submissions on the Countering Terrorist Fighters Legislation Bill. Submissions can be made via the online form and are due by Thursday, 27 November 2014. Yes, that's right. An important bill...
    No Right Turn
  • On the uncanny resemblance between John Key and Sergeant Schultz
    In the 30-odd years that Judy and I have been providing media advice and training to prime ministers, prostitutes and pretty well every profession in-between, our teaching mantra has remained the same: “Be straightforward, tell the truth, admit your mistakes”....
    Brian Edwards
  • Making their own terrorists
    Last year, two men murdered a British soldier in the middle of a London street. Now, the UK's Intelligence and Security Committee has found that MI6 may have directly contributed to one of the killers' radicalisation:The British government may have...
    No Right Turn
  • Vodafone collaborates in mass-surveillance
    The latest analysis of the Snowden documents shows that Vodafone is actively collaborating with GCHQ's mass-surveillance programmes:One of the UK's largest communications firms had a leading role in creating the surveillance system exposed by Edward Snowden, it can be revealed....
    No Right Turn
  • 10 articles to read about Michael Brown and what’s happening in Ferguson
    Sometimes it’s difficult to get a real sense of events happening overseas from our own mainstream media in NZ – for obvious reasons they prioritise cover NZ issues. It’s also really difficult for a Pākehā like me to comment – both...
    On the Left
  • Ports of Auckland Moving More Freight By Rail
    Ports of Auckland did a press release back in September that didn’t really get picked up on: Working with KiwiRail, Ports of Auckland has doubled the rail services between its Waitematā seaport and Wiri Intermodal Freight Hub. The increased service...
    Transport Blog
  • Momentum Builds for No Deforestation Palm Oil
    By now you know the problem: a rapidly expanding palm oil industry, eating up forests, draining carbon-rich peatlands, and sparking conflict with local people and workers.But if you had to guess at what is turning out to be a key...
    Greenpeace NZ blog
  • “Real” experts’ on climate change? Really?
    The Heartland Institute has produce a new propaganda poster on climate change. Here it is: And this is what they say about it: This poster presents clear and undeniable evidence that the debate is not over. Looking out from this poster...
    Open Parachute
  • Whiteboard Wednesday – How a flat tax would be fairer than our current sy...
    Geoff is going to talks us through how a UBI and Flat tax work together. The end result is less bureaucracy and a fairer, simpler, more productive society....
    Gareth’s World
  • Ede and the Public Records Act
    Jason Ede was required by the Gwyn Inquiry to produce emails from his private accounts that included official government information. He couldn't do that in the end because, gosh darn it, he had just destroyed and permanently deleted everything in...
    Polity
  • “Appalling”
    In 2011, John Key was Minister for the SIS. At that time, according to John Key: The SIS didn't understand the workings of the OIA. I mean that's appalling, and I accept all of that."1 Well, if that is the...
    Polity
  • Free your voices
    Last week Victoria University of Wellington lecturer’s Dr. Sandra Grey and Dr. Charles Sedgwick released some figures from the 2013/14 update of the 2008/9 survey of the community and voluntary sector. Their research question was: ‘How is democracy – as...
    frogblog
  • Symposium on the way forward, 4: making our own revolutionary kaupapa and f...
    On Monday, November 24, The Freedom Shop, an anarchist centre in Wellington, held a meeting about the way forward for the activist left.  A number of speakers were invited to give ten-minute presentations; below is the presentation given by Don...
    Redline
  • Symposium on the way forward, 4: making our own revolutionary kaupapa and f...
    On Tuesday, November 25, The Freedom Shop, an anarchist centre in Wellington, held a meeting about the way forward for the activist left.  A number of speakers were invited to give ten-minute presentations; below is the presentation given by Don...
    Redline
  • When will the PM take responsibility?
    It often bemuses me as to why people would vote for a dishonest political party that has spent the last two terms in government undermining our once great democracy. Why on earth would voters support a scoundrel like John Key,...
    The Jackal
  • Gordon Campbell on the inquiry into one case of dirty politics
    Suddenly, we’re awash in inquiries and reviews. (It feels almost as if the Greens won the last election.) Caught out by the damning inquiry by SIS Inspector-General Cheryl Gwyn, the government’s response yesterday was utterly in character – it released...
    Gordon Campbell
  • John Key: The buck doesn’t stop with me
    President Harry Truman famously had a piece of walnut wood on his desk in the oval office that read, "The buck stops here", and when the president referred to it in speeches it was to say that he had to...
    Pundit
  • Speaker: Market failure in the research world
    The “serials crisis” has been a feature of research life for over 20 years. According to figures from the US Association of Research Libraries, during 1986-2007 academic journal subscription charges increased by 340%, four times the rate of inflation.Publishers contribute...
    Public Address
  • MSM under-mining of new Labour Leader already begun?
    . . It did not take long. In fact, on the same day that Andrew Little won the Labour leadership*, the first media reporter was already asking if he would be stepping down  if Labour failed to lift in the...
    Frankly Speaking
  • Terrorism bill fraught with risk for academics
    Academics studying terrorism, or other topics that the SIS considers not to be in the national interest, could be among those who lose civil rights if an ‘anti-terrorism’ bill becomes law. TEU, the union representing tertiary education staff, says the...
    Tertiary Education Union
  • Being mindful of mental illness
    There’s a lot of mental illness stigma in New Zealand. From the friend or family member who tells you just to ‘get over it’, to the many little ways that living with a mental illness in an unsupportive environment slowly...
    On the Left
  • Auckland Transport November Board Meeting
    Every month I comb through the reports to the AT board looking at what the organisation is up to (that they’ll say in public). I’ve already covered the separate reports on additional bus priority and the New Network for the...
    Transport Blog
  • Henryk Grossman on the struggle for Marxism, 1883-1932
    Henryk Grossman, Fifty Years of Struggle over Marxism 1883-1932, translated by Rick Kuhn and Einde O’Callagan, with an introduction by Rick Kuhn; Ebook AU$6.34 from http://www.amazon.com/dp/B00OE6KF7O and paperback AU$10 from redflag.subs@gmail.com reviewed by Tom O’Lincoln There is a story about Marx’s legacy that...
    Redline
  • Henryk Grossman on the struggle for Marxism, 1883-1932
    Henryk Grossman, Fifty Years of Struggle over Marxism 1883-1932, translated by Rick Kuhn and Einde O’Callagan, with an introduction by Rick Kuhn; Ebook AU$6.34 from http://www.amazon.com/dp/B00OE6KF7O and paperback AU$10 from redflag.subs@gmail.com reviewed by Tom O’Lincoln There is a story about Marx’s legacy that...
    Redline
  • Financial assistance for tertiary students
    I’ve gotten my final assignment back for the 300-level Policy Research & Evaluation paper I did last semester, and earned another A+ and another teacher telling me to do post-grad if I can afford it without starving. The only way...
    The little pakeha
  • A brief commentary from John Key, Prime Minister
    Hello. I’m not going to apologise. There’s nothing to apologise for. I have done nothing wrong. Yes I suppose a few people in my office may have possibly been in contact with people in Camoron Slater’s office, but I had...
    My Thinks
  • A surveillance power-grab
    Section 7 of the government's spy bill introduces a new power for police and SIS to access information held by Customs. Its not mentioned in the press release, and the bill's explanatory note is extremely vague. So what's it about?...
    No Right Turn
  • Another shoddy analysis
    What's the case for the government's Countering Terrorist Fighters Legislation Bill? I've been reading the bills Regulatory Impact Statement, and the short version is that there isn't one. A RIS is a vital part of the quality control process for...
    No Right Turn
  • “We should be a working on the railroads…”
    Yesterday Peter asked if the Auckland’s motorway network built on “strategic misrepresentations”?. In it he briefly mentioned engineer Joseph Wright who questioned how much the motorways would cost. In response I put this image in the comments however it probably justifies it’s...
    Transport Blog
  • The facts of power price rises
    Everyone knows power prices are increasing and it feels like it is eating more and more of their weekly pay check. This morning I released census data showing this common feeling is in fact borne in the data. The data...
    frogblog
  • Slavery was cheap too…Pay equity fight back to court
    Today the NZ Aged Care Association announced they will appeal the decisions of the Employment Court and Court of Appeal in favour of Kristine Bartlett, to the Supreme Court. They say they have no choice but to appeal because many...
    frogblog
  • Why Pakeha are so offended by John Key’s idea of a peaceful settlement
    The statements by the Prime Minister on the Waitangi Tribunal ruling that Maori never ceded sovereignty in 1840 are enough to make any student of history choke. First was the denial that the ruling means anything significant. And then there...
    frogblog
  • Counterproductive
    Since June, the US has been bombing Iraq. Since September, they've been bombing Syria. In both cases, the aim is ostensibly to stop ISIS. So how's it working out?About as badly as you'd expect:US air strikes in Syria are encouraging...
    No Right Turn
  • No justice in America
    On August 9, police officer Darren Wilson shot and murdered Michael Brown in Ferguson, Missouri.. The shooting of unarmed black men by American police is so routine that they don't even bother to keep statistics on it. And of course,...
    No Right Turn
  • The Andrew Little experiment has failed
    It’s time to admit that the Andrew Little leadership experiment has been a failure. A terrible failure....
    Imperator Fish
  • Abuse of power: The OIA / public records dimension
    One of the things to emerge from the "dirty politics" report is that the SIS pissed all over the OIA:The NZSIS also made a significant error in considering information requests by the news media. Such requests were, from 25 July...
    No Right Turn
  • Restoration of the Christchurch Arts Centre well underway
    It was inspiring to be shown some of the major restoration and rebuilding work underway at the Christchurch Arts Centre recently. With 22 of 23 Arts Centre buildings damaged by the earthquakes, this is one of the largest heritage restoration...
    frogblog
  • A further thought on the Gwyn report
    The report itself is here. The main issues have been well covered by the media. Here’s what struck me. One of Key’s big achievements as Prime Minister has been the expansion of the size and powers of the state security...
    DimPost
  • A further thought on the Gwyn report
    The report itself is here. The main issues have been well covered by the media. Here’s what struck me. One of Key’s big achievements as Prime Minister has been the expansion of the size and powers of the state security...
    DimPost
  • Thin Ice edit for US TV funded in full
    The Thin Ice Kickstarter campaign was resounding success, with the total pledged reaching NZ$34,448 from 228 backers. The extra funds are likely to be used in a PR effort to get the newly-edited film shown on as many TV stations...
    Hot Topic
  • The City Unbound
    The current Metro Magazine has has an article by me on Auckland, its new urban nature, and surprise!: Why we need a change in transport infrastructure investment to unlock its true value. Most here won’t be unfamiliar with the arguments but the...
    Transport Blog
  • The City Unbound
    The current Metro Magazine has has an article by me on Auckland, its new urban nature, and surprise!: Why we need a change in transport infrastructure investment to unlock its true value. Most here won’t be unfamiliar with the arguments but the...
    Transport Blog
  • Fourth housing report confirms failure
    The Fourth Auckland Housing Accord monitoring report shows the Accord has failed to make a dent in the city's housing crisis, says Labour’s Housing spokesperson Phil Twyford. "The report says consents for only 354 dwellings were approved in the special...
    Labour
  • Ministers all over the place on Smith passport
     Ministers responsible for the Phillip Smith debacle are at  odds over the passport he used to escape, says Labour’s Corrections spokesperson Kelvin Davis.  “It  beggars belief that Internal Affairs Minister Peter Dunne says the passport issued to Smith, under his...
    Labour
  • Green Party Co-leader Russel Norman’s speech – Rod Donald Memorial Lect...
    It's been nine years since Rod's tragic death. I'd like to start out by talking about what Rod achieved. Then I want to talk about the things that I think he might want us to achieve in his absence. We...
    Greens
  • Hard road ahead for thousands more Kiwi kids
    News that there will be 8000 more students in low decile schools next year reinforces the absolute failure of the National Government’s economic approach, Labour’s Education spokesperson Chris Hipkins says. “The gap between the haves and the have-nots is increasing....
    Labour
  • Free your voices
    Last week Victoria University of Wellington lecturer’s Dr. Sandra Grey and Dr. Charles Sedgwick released some figures from the 2013/14 update of the 2008/9 survey of the community and voluntary sector. Their research question was: ‘How is democracy – as...
    Greens
  • The facts of power price rises
    Everyone knows power prices are increasing and it feels like it is eating more and more of their weekly pay check. This morning I released census data showing this common feeling is in fact borne in the data. The data...
    Greens
  • Slavery was cheap too…Pay equity fight back to court
    Today the NZ Aged Care Association announced they will appeal the decisions of the Employment Court and Court of Appeal in favour of Kristine Bartlett, to the Supreme Court. They say they have no choice but to appeal because many...
    Greens
  • Why Pakeha are so offended by John Key’s idea of a peaceful settlement
    The statements by the Prime Minister on the Waitangi Tribunal ruling that Maori never ceded sovereignty in 1840 are enough to make any student of history choke. First was the denial that the ruling means anything significant. And then there...
    Greens
  • Restoration of the Christchurch Arts Centre well underway
    It was inspiring to be shown some of the major restoration and rebuilding work underway at the Christchurch Arts Centre recently. With 22 of 23 Arts Centre buildings damaged by the earthquakes, this is one of the largest heritage restoration...
    Greens
  • Key’s vile smear machine questions left unanswered
    The report into Judith Collins’ involvement in undermining the former Serious Fraud Office boss leaves major questions unanswered about the smear machine run out of John Key’s office, Labour MP Megan Woods says. “This report has deliberately narrow terms of...
    Labour
  • Govt must make up lost time on sexual violence law reform
    The Government must prioritise any recommendations from the Law Commission to improve criminal process for sexual violence cases after it stalled reform work for two years, Labour’s Justice spokesperson Jacinda Ardern says. “Labour is pleased Justice Minister Amy Adams has...
    Labour
  • White Ribbon day should last all year
    White Ribbon Day is an opportunity for all men to stand up and affirm to never commit, condone or remain silent about violence towards women, says Labour’s Associate Justice Spokesperson Kelvin Davis.  “Violence towards women is rampant across all sectors...
    Labour
  • Report confirms John Key abused power of PM’s Office
    Today's Inspector General of Intelligence and Security's (IGIS) report confirms that the Prime Minister's office engaged in a serious abuse of power, says the Green Party.The IGIS report looked at the release of an Official Information Act request to disgraced...
    Greens
  • IGIS report a damning indictment on former spy boss
    The report by Inspector-General of Intelligence and Security into the release of classified documents is a sad and damning indictment on former spy boss Warren Tucker, Labour’s MP for Mount Roskill and former leader Phil Goff says.  “This report upholds...
    Labour
  • South Auckland disadvantaged by new decile rankings
    New decile rankings have South Auckland schools at scores that show they are much more disadvantaged than the national average, says Labour’s Associate Auckland  Issues spokesperson Louisa Wall.  “As a measurement of disadvantage it is alarming that the average score...
    Labour
  • Sexism, rape culture and power
    Our discourse around sexual violence is complicated. All too often perpetrators are described as ‘monsters’, so when someone you know tells you the lovely man that you really like sexually abused them it’s hard to believe, because they’re not a...
    Greens
  • Time for an economy that works for all New Zealanders
    New Labour Finance spokesperson Grant Robertson says the challenge for the National Government is to support an economy that delivers good, sustainable jobs paying decent wages. “It’s time the economy delivered for all New Zealanders, not just the fortunate few....
    Labour
  • New faces, wise heads in bold Labour line up
    Labour Leader Andrew Little today announced a bold new caucus line up which brings forward new talent and draws on the party’s depth of experience....
    Labour
  • Plan for mega factory farm ruffles feathers
    Not long ago I wrote about the proposal to build a mega factory farm in the small township of Patumahoe that would confine over 300, 000 hens to colony cages. This week the resource consent hearing for the proposed factory...
    Greens
  • National opens door further to Chinese property speculators
    National has further opened the door to Chinese property speculators with the registration of a third Chinese bank here that will make it easier for Chinese investors to invest in New Zealand properties, the Green Party said today."As well, former...
    Greens
  • National restarts logging in West Coast forests
    “Dead wood also contributes by providing nutrients to soils, supporting the agents of wood decay such as fungi and invertebrates and it is a key habitat for the regeneration of some trees.” Annual Report 2013/14, page 29. The National Government has...
    Greens
  • Lab plan the beginning of slippery slope?
    It’s time for new Health Minister Jonathan Coleman to show his hand on plans to privatise lab services which doctors are warning could put patients’ lives at risk, Labour’s Health spokesperson Annette King says. “Clinicians have sent the Government some...
    Labour
  • A-G called on to look into flagship ‘cost-saving’ programme
    New health Minister Jonathan Coleman has some serious questions to answer following a decision to wind up the Government’s flagship health savings provider HBL just a fortnight after giving it the green light to implement its plans, Labour’s Health spokesperson...
    Labour
  • Prime Minister’s warped view of history
    Students who sat NCEA level 3 history exams last week might be very worried to hear the Prime Minister tell a Radio Station that New Zealand was one of the few countries that was settled peacefully by Europeans. Those students who wrote...
    Greens
  • Climate of fear needs addressing
    It is hugely concerning that community and volunteer groups feel they are being gagged from speaking out against the Government, Labour’s Community and Voluntary Sector Spokesperson Louisa Wall says.  A Victoria University survey of 93 sector groups has found 50...
    Labour
  • Mandatory code of conduct needed for supermarkets
    Labour has drafted legislation to establish a mandatory code of conduct for supermarkets to ensure New Zealand suppliers are not affected by anti-competitive behaviour. “Even though the Commerce Commission found no technical breaches of the law through some of Countdown’s...
    Labour
  • National softening public up for 7th successive deficit
    Finance Minister Bill English is softening the public up for an announcement that National is going to fail in even its very limited goal of achieving a budget surplus, the Green Party said today."No finance minister in a generation has...
    Greens
  • National caught out on state house porkies
    Housing NZ’s annual report out today directly contradicts the Government’s claim that one-third of its houses are in the wrong place and are the wrong size, said Labour’s housing spokesperson Phil Twyford. “The annual report states 96 per cent of...
    Labour
  • Damning report on Department of Conservation restructure
    The restructuring of the Department of Conservation (DOC) following National's severe funding cuts has been revealed as failure, the Green Party said today.The Taribon report has reviewed the new structure of DOC after 12 months. The restructuring, one of the...
    Greens
  • Greens welcome Xi, but human rights need to be on agenda
    The Green Party welcomes the visit to New Zealand of Chinese President Xi Jinping and wishes to congratulate him on his recent announcement regarding China capping emissions for the first time.The United States and China recently unveiled a deal to...
    Greens
  • Backing New Zealanders to get ahead
    New Labour Leader Andrew Little says it is an immense privilege to have been chosen to lead the party and to be given the task of ensuring it once again becomes a powerful force that backs New Zealanders in getting...
    Labour
  • Andrew Little Elected Leader of Labour Party
    “The Labour Party congratulates Andrew Little, who has been elected as party leader in a robust and highly democratic process,” says Labour Party President Moira Coatsworth. “Andrew’s leadership will have the full support of the whole Labour Party.”...
    Labour
  • Report into Brownlee security breach should be released
    The Government and Civil Aviation Authority (CAA) should release the report into former Minister of Transport Gerry Brownlee's airport security breach, the Green Party said today."The actions of a Minister of Transport breaching security at an airport are a matter...
    Greens
  • Brownlee must ask CAA to release the report
    Gerry Brownlee must ask the Civil Aviation Authority to release the report that finds he broke the law in breaching airport security, says Labour's Transport spokesperson Phil Twyford. “It is inexcusable for any minister, let alone the then-Transport Minister, to...
    Labour
  • G20 climate comment increases pressure on NZ
    The G20 decision to include climate change in its communiqué despite Australia's attempt to ignore it, increases pressure on New Zealand to come up with a credible plan to cut emissions, the Green Party said today.The G20 Leaders Communiqué from...
    Greens
  • NZ joins G20 climate problem
    Confirmation this morning by John Key that his Government plans to do nothing to turn around NZ's rapidly rising greenhouse emissions means that New Zealand joins Australia as one of the problem children at the G20 meeting in Brisbane, the...
    Greens
  • IRD joins Corrections in Phillip Smith failure
    It is incomprehensible that IRD and Corrections were not able to stop Phillip Smith from rorting the tax system out of $50,000 until it was too late, given that he was a notoriously manipulative prisoner stuck in jail, says Labour’s...
    Labour
  • The Government has to listen to Olly
    When even hard boiled property investors like Olly Newland  say first home buyers have been shafted by Loan to Value Ratio lending restrictions, surely it is time for the Government to listen, says Labour's housing spokesperson Phil Twyford.  "Auckland landlord...
    Labour
  • Key used GCSB for political ends prior to 2014 election
    New documents released to the Green Party show that Prime Minister John Key used New Zealand's intelligence services for the National Party's political ends a few days out from the 2014 election, the Green Party said today.Documents released to the...
    Greens
  • Government not meeting its climate target
    The Government must front up to the fact that its own advisors are now saying that New Zealand is off target in any transition to a low carbon future, says Labour’s spokesperson on Climate Change Nanaia Mahuta.  “A briefing to...
    Labour
  • Briefing reveals Defence facilities ‘increasingly unfit for purpose’
    The Defence Briefing to the Incoming Minister reveals a deteriorating state in Defence facilities that are no longer fit for purpose, says Labour’s Defence spokesperson Phil Goff.  “The briefing is heavily censored but still reveals that Defence camps, bases and...
    Labour
  • New projections show New Zealand missing climate target
    Briefings to Incoming Ministers released today reveal the Government's climate policy is failing with projected emission more than double what is needed to meet National's 2050 target, the Green Party saidProjections released by the Ministry for the Environment, as part...
    Greens
  • National’s highways far less efficient
    National’s new state highways have a far lower cost-benefit ratio than motorways built under the last Labour Government, making a mockery of the Government’s bluster that its road building will boost the economy, says Labour's Transport spokesperson Phil Twyford. “New...
    Labour
  • Governor points finger at National on supply
    The Reserve Bank Governor has admitted he had to keep loan to value mortgage restrictions in place because the Government’s attempts to increase housing has fallen ‘a long way short’, says Labour's Housing spokesperson Phil Twyford. “The thousands of first...
    Labour
  • Did Collins cover up Slater’s OIA requests?
    Disgraced former Cabinet Minister Judith Collins must explain why she appears to have tried to hide Official Information Act requests she fulfilled for Whale Oil blogger Cameron Slater, Labour MP Megan Woods says. “New documents obtained by Labour show Judith...
    Labour
  • Reserve Bank’s dairy warning must be heard
    The Reserve Bank’s warning that falling dairy prices are creating greater risks for the New Zealand economy must be taken seriously by Bill English and John Key, says Labour’s Finance spokesperson David Parker. “Dairy prices have nearly halved since February...
    Labour
  • National’s housing failure keeps LVRs in place
    The Reserve Bank’s decision to leave loan-to-value ratio mortgage restrictions in place is further confirmation of National’s housing policy fiasco, Labour’s Housing spokesperson Phil Twyford says. “The Reserve Bank would have lifted LVRs if they had seen any increase in...
    Labour
  • Let’s see if it is plane sailing Mr Bridges
    Comments by Transport Minister Simon Bridges that Far North residents' anger over cutbacks to regional flights will be allayed by larger planes and cheaper fares out of Kerikeri, are just pure arrogance, says Labour’s Te Tai Tokerau MP Kelvin Davis....
    Labour
  • Commerce Commission inquiry needed into building supplies monopoly
    The Commerce Commission must stop dragging the chain and urgently investigate the anti-competitive practices in the building industry that are driving up the cost of building materials, says Labour's Housing spokesperson Phil Twyford. “Competition in the building materials market is...
    Labour
  • Air New Zealand grounds Far North
    The announcement by Air New Zealand to close services from Kaitaia to Auckland will be an absolute disaster for the Far North, Labour MP for Te Tai Tokerau Kelvin Davis says.  “Air New Zealand is sending a signal to the...
    Labour
  • Hold on – did NZ just have a coup?
    Ummmmm. Wait a minute here. Just so that we all understand what’s been revealed. The Prime Minister’s Office used the Secret Intelligence Service to falsify classified information to smear the Leader of the Opposition via a far right hate blogger...
    The Daily Blog
  • Sue Bradford speaking tour
          With the generous support of the Hobgoblin Network and several other donors, I’m going to be speaking soon at four meetings around the country: ‘A major left wing think tank?  Is it time for a transformational left...
    The Daily Blog
  • Why Key must resign
    Remember when John Armstrong from the NZ Herald called for the resignation of David Cunliffe because Cunliffe couldn’t remember an 11 year old letter referring to a $100 000 bottle of wine that never existed? Why isn’t the Herald now...
    The Daily Blog
  • Why the Judith Collins report is a whitewash
    ...
    The Daily Blog
  • Seasons Greetings from Ferguson
    Seasons Greetings from Ferguson...
    The Daily Blog
  • Using State Spies to attack political opponents – why the SIS are gaining...
    National will only be able to get away with what is being revealed by the IGIS report into the Secret Intelligence Service if we, the people of NZ, let them. And. We. Should. Not. Let. Them. State spies editing intelligence to...
    The Daily Blog
  • Using State Spies to attack political opponents – why the SIS are gaining...
    National will only be able to get away with what is being revealed by the IGIS report into the Secret Intelligence Service if we, the people of NZ, let them. And. We. Should. Not. Let. Them. State spies editing intelligence to...
    The Daily Blog
  • Anti-Choice Myth-Busting
    Voice for Life issued a press release last week claiming that those of us campaigning for the decriminalisation of abortion in NZ are, among other things, using Nazi propaganda tactics (sigh…) to lie to you about the illegal status of abortion...
    The Daily Blog
  • Anti-Choice Myth-Busting
    Voice for Life issued a press release last week claiming that those of us campaigning for the decriminalisation of abortion in NZ are, among other things, using Nazi propaganda tactics (sigh…) to lie to you about the illegal status of abortion...
    The Daily Blog
  • Judith Collins – the Gift that keeps Giving to the Opposition?
    . . From a news report; Ms Collins resigned before the election after being accused of working with the Whale Oil blog after emails were released suggesting she was “gunning” for former director of the Serious Fraud Office, Adam Feeley,...
    The Daily Blog
  • Judith Collins – the Gift that keeps Giving to the Opposition?
    . . From a news report; Ms Collins resigned before the election after being accused of working with the Whale Oil blog after emails were released suggesting she was “gunning” for former director of the Serious Fraud Office, Adam Feeley,...
    The Daily Blog
  • Annette King? Annette King?? Surely not Annette King!
    I’m not often surprised at the goings on in the Labour Party but I was gobsmacked to see Andrew Little has appointed Annette King as Deputy Leader of the parliamentary Labour Party. I had idly assumed the role would go to Adhern...
    The Daily Blog
  • Annette King? Annette King?? Surely not Annette King!
    I’m not often surprised at the goings on in the Labour Party but I was gobsmacked to see Andrew Little has appointed Annette King as Deputy Leader of the parliamentary Labour Party. I had idly assumed the role would go to Adhern...
    The Daily Blog
  • New Shadow Cabinet – Little does more in 6 days than Goff, Shearer & ...
    New Zealanders do not respect intelligence, they respect confidence. Cunliffe beat Key in the debates, but it didn’t matter because NZers don’t respect the debate, they respect the tone. Our anti-intellecuatlism runs deeper than most with our reverse-egalitarianism. The chip...
    The Daily Blog
  • New Shadow Cabinet – Little does more in 6 days than Goff, Shearer & ...
    New Zealanders do not respect intelligence, they respect confidence. Cunliffe beat Key in the debates, but it didn’t matter because NZers don’t respect the debate, they respect the tone. Our anti-intellecuatlism runs deeper than most with our reverse-egalitarianism. The chip...
    The Daily Blog
  • This weeks Waatea news column – The myths white people tell themselves
      This weeks Waatea news column – The myths white people tell themselves...
    The Daily Blog
  • This weeks Waatea news column – The myths white people tell themselves
      This weeks Waatea news column – The myths white people tell themselves...
    The Daily Blog
  • The irony of backlash to petrol stations charging workers for stolen petrol
    You have to laugh at NZers sometimes. you really do. The outrage that has been sparked by news that workers at petrol stations are charged for stolen petrol is one of those perfect examples of a delicious irony most NZers...
    The Daily Blog
  • The irony of backlash to petrol stations charging workers for stolen petrol
    You have to laugh at NZers sometimes. you really do. The outrage that has been sparked by news that workers at petrol stations are charged for stolen petrol is one of those perfect examples of a delicious irony most NZers...
    The Daily Blog
  • A Dishonest “Countering Terrorist Fighters Bill”
    Wouldn’t you think a Countering Terrorist Fighters Bill would actually mention “terrorist fighters” in its text? The Bill, as released yesterday, does not. It’s simply another generalised counter-terrorism exercise giving extra surveillance powers to the Security Intelligence Service and enabling...
    The Daily Blog
  • A Dishonest “Countering Terrorist Fighters Bill”
    Wouldn’t you think a Countering Terrorist Fighters Bill would actually mention “terrorist fighters” in its text? The Bill, as released yesterday, does not. It’s simply another generalised counter-terrorism exercise giving extra surveillance powers to the Security Intelligence Service and enabling...
    The Daily Blog
  • How biased are the media? A Patrick Gower case study
    . . . Isn’t it interesting that Patrick Gower – who made his partisan feelings crystal clear on Twitter on 29 May with this extraordinary outburst;  “Lalia Harré – you make me feel sick by how you are rorting MMP...
    The Daily Blog
  • How biased are the media? A Patrick Gower case study
    . . . Isn’t it interesting that Patrick Gower – who made his partisan feelings crystal clear on Twitter on 29 May with this extraordinary outburst;  “Lalia Harré – you make me feel sick by how you are rorting MMP...
    The Daily Blog
  • The C Word
    It isn’t even December but the decorations are up and the ads are on the telly. I am a genuine Grinch come this time of year, so when the conversation at work turned to everyone’s holidays plans I may have...
    The Daily Blog
  • The C Word
    It isn’t even December but the decorations are up and the ads are on the telly. I am a genuine Grinch come this time of year, so when the conversation at work turned to everyone’s holidays plans I may have...
    The Daily Blog
  • Honouring the Ampatuan massacre victims as fight for justice goes on
    A grim reminder of the Maguindanao, or Ampatuan, massacre on 23 November 2009. Photo: DanRogayan A TOP Filipino investigative journalist will be speaking about the “worst attack” on journalists in history and her country’s culture of impunity in a keynote...
    The Daily Blog
  • Honouring the Ampatuan massacre victims as fight for justice goes on
    A grim reminder of the Maguindanao, or Ampatuan, massacre on 23 November 2009. Photo: DanRogayan A TOP Filipino investigative journalist will be speaking about the “worst attack” on journalists in history and her country’s culture of impunity in a keynote...
    The Daily Blog
  • GUEST BLOG: Anjum Rahman – what are they afraid of: the erosion of democ...
    Today the Hamilton City Council has put on a big party to celebrate the 150th anniversary of European colonisation of the area.  There have been a series of events during the year to mark this event, including a civic ceremony. ...
    The Daily Blog
  • GUEST BLOG: Anjum Rahman – what are they afraid of: the erosion of democ...
    Today the Hamilton City Council has put on a big party to celebrate the 150th anniversary of European colonisation of the area.  There have been a series of events during the year to mark this event, including a civic ceremony. ...
    The Daily Blog
  • #JohnKeyHistory
    John Key has done it again. This week our lovely Prime Minister has showed us how little he knows about the history of the country he is supposed to be running. Apparently “New Zealand was settled peacefully”. Was it really?...
    The Daily Blog
  • #JohnKeyHistory
    John Key has done it again. This week our lovely Prime Minister has showed us how little he knows about the history of the country he is supposed to be running. Apparently “New Zealand was settled peacefully”. Was it really?...
    The Daily Blog
  • G20 growth targets and growth model offer more problems than they solve
    At the recent G20 in Brisbane, member countries agreed to accelerate growth to an additional 2% on top of current trajectories. But ongoing public sector cuts, asset sales, and reducing workers’ rights indicate that at least part of the growth...
    The Daily Blog
  • G20 growth targets and growth model offer more problems than they solve
    At the recent G20 in Brisbane, member countries agreed to accelerate growth to an additional 2% on top of current trajectories. But ongoing public sector cuts, asset sales, and reducing workers’ rights indicate that at least part of the growth...
    The Daily Blog
  • GUEST BLOG: Bill Courtney – Charter Schools: The Shroud of Secrecy Contin...
    The Ministry of Education yesterday released another batch of information relating to the five existing charter schools and the four new ones proposed for opening in 2015. As we have seen before, the release of such information, often requested under...
    The Daily Blog
  • GUEST BLOG: Bill Courtney – Charter Schools: The Shroud of Secrecy Contin...
    The Ministry of Education yesterday released another batch of information relating to the five existing charter schools and the four new ones proposed for opening in 2015. As we have seen before, the release of such information, often requested under...
    The Daily Blog
  • EXCLUSIVE: Campaign reflection, Laila Harré reaching out for radical minds
    Today I’ve announced that I will be stepping down from the Internet Party leadership in December. This will happen once options for the future have been developed for discussion and decision among members. My absolute focus in this election was...
    The Daily Blog
  • EXCLUSIVE: Campaign reflection, Laila Harré reaching out for radical minds
    Today I’ve announced that I will be stepping down from the Internet Party leadership in December. This will happen once options for the future have been developed for discussion and decision among members. My absolute focus in this election was...
    The Daily Blog
  • The Ebola crisis, capitalism and the Cuban medical revolution
    “Ebola emerged nearly 40 years ago. Why are clinicians still empty-handed, with no vaccines and no cure? Because Ebola has been, historically, geographically confined to poor African nations. The R&D incentive is virtually non-existent. A profit-driven industry does not invest...
    The Daily Blog
  • The Ebola crisis, capitalism and the Cuban medical revolution
    “Ebola emerged nearly 40 years ago. Why are clinicians still empty-handed, with no vaccines and no cure? Because Ebola has been, historically, geographically confined to poor African nations. The R&D incentive is virtually non-existent. A profit-driven industry does not invest...
    The Daily Blog
  • MEDIA WATCH: TVNZ Reveals Insane Deadlines For Māori and Pacific Island Pr...
    Last Tuesday, November 18th, TVNZ requested proposals from producers for the four Māori and Pacific Island programmes they will no longer be making in-house. Marae, Waka Huia, Fresh and Tagata Pasifika will keep their existing names, existing formats and existing...
    The Daily Blog
  • MEDIA WATCH: TVNZ Reveals Insane Deadlines For Māori and Pacific Island Pr...
    Last Tuesday, November 18th, TVNZ requested proposals from producers for the four Māori and Pacific Island programmes they will no longer be making in-house. Marae, Waka Huia, Fresh and Tagata Pasifika will keep their existing names, existing formats and existing...
    The Daily Blog
  • The Daily Blog Breakfast Club Ep. 1
    TDB Video, Live from Verona Cafe on K-Rd, Auckland – a weekly current affairs show with TDB Editor Martyn Bradbury. This week’s panel: Chris Trotter & Selwyn Manning.The issues: 1 – What now for the New Labour leader? 2 –...
    The Daily Blog
  • The Daily Blog Breakfast Club Ep. 1
    TDB Video, Live from Verona Cafe on K-Rd, Auckland – a weekly current affairs show with TDB Editor Martyn Bradbury. This week’s panel: Chris Trotter & Selwyn Manning.The issues: 1 – What now for the New Labour leader? 2 –...
    The Daily Blog
  • Performance-demonstration at Auckland’s High Court to demand justice for ...
    People outraged at the lack of justice in the so-called ‘Roast Busters’ case and 99% of other rape cases in this country are holding a visually powerful mass action at the Auckland High Court at 1 o’clock on Saturday. They...
    The Daily Blog
  • Performance-demonstration at Auckland’s High Court to demand justice for ...
    People outraged at the lack of justice in the so-called ‘Roast Busters’ case and 99% of other rape cases in this country are holding a visually powerful mass action at the Auckland High Court at 1 o’clock on Saturday. They...
    The Daily Blog
  • IES vote may weaken defense of public education
    PPTA announced today that secondary teachers have voted to include the IES (Investing in Education Success) as a variation to their collective employment agreement with the government. At one level it’s an understandable decision by PPTA members because through engaging in a consultation...
    The Daily Blog
  • IES vote may weaken defense of public education
    PPTA announced today that secondary teachers have voted to include the IES (Investing in Education Success) as a variation to their collective employment agreement with the government. At one level it’s an understandable decision by PPTA members because through engaging in a consultation...
    The Daily Blog
  • NZ History lesson on Planet Key – the lies white people tell themselves
    John Key’s bizarre claims about our ‘peaceful history’ comes across like the apartheid history of South Africa where white people discovered Africa first… New Zealand ‘settled peacefully’ – PM New Zealand was “settled peacefully” by the British, the prime minister...
    The Daily Blog
  • NZ History lesson on Planet Key – the lies white people tell themselves
    John Key’s bizarre claims about our ‘peaceful history’ comes across like the apartheid history of South Africa where white people discovered Africa first… New Zealand ‘settled peacefully’ – PM New Zealand was “settled peacefully” by the British, the prime minister...
    The Daily Blog
  • Universal Basic Income and Labour Policy
    On Radio New Zealand’s None-to-Noon on Wednesday (19 November), new Labour leader Andrew Little intimated that he would like to put Universal Basic Income (UBI) on his policy agenda (What policy changes will Andrew Little usher in?) Predictably Kathryn Ryan, despite being...
    The Daily Blog
  • Fish & Game wants more than lip service from agriculture
    Fish & Game wants to know how the government will ensure the agriculture sector protects the environment after the Primary Industries Minister warned primary sector leaders that environmental sustainability is no longer a “nice to have.”...
    Scoop politics
  • Countering Terrorist Fighters Legislation Bill
    Public submissions are being invited on this bill. The closing date for submissions is Thursday, 27 November 2014....
    Scoop politics
  • Ngā Aho Whakaari Questions TMP Handling of TVNZ Contract
    Television New Zealand (TVNZ) recently announced that internal production of its iconic Māori programmes ‘Waka Huia’ and ‘Marae Investigates’ would cease and that it would outsource the production of these programmes for the duration of...
    Scoop politics
  • Office of the Inspector-General of Intelligence And Security
    Statements from the Inspector-General of Intelligence and Security (x2) 1. In response to questions about particular contents of the report: Ms Gwyn said that - as she had said yesterday when releasing the report - the report, including the factual...
    Scoop politics
  • Health (Protection) Amendment Bill
    Public submissions are being invited on this bill. The closing date for submissions is Friday, 13 February 2014....
    Scoop politics
  • SIS Scandal Leaves Key Unscathed
    Prime Minister John Key has been almost entirely unscathed by the SIS scandal, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict. The probability Mr Key will remain leader of the National Party...
    Scoop politics
  • Lawyer jailed for fraud against loyal clients
    John David Milne (79) has been sentenced to eight years and one month of imprisonment today in the Christchurch District Court following a Serious Fraud Office (SFO) prosecution....
    Scoop politics
  • MFaT CEO To Announce Resignation
    NZ's leading Political publication Trans Tasman can reveal Ministry of Foreign Affairs & Trade chief executive John Allen will announce his resignation on Monday. Allen, who was controversially recruited to head up the Ministry in 2009 after a stellar...
    Scoop politics
  • Rotorua White Ribbon Ride urges stand against violence
    Dave Donaldson will never forget the story of a woman who escaped her violent partner by going to jail. Some years ago while the Rotorua deputy mayor was still a police officer, he escorted a woman to Auckland to serve...
    Scoop politics
  • Air Line Pilots’ Association on proposed rules for Drones
    The New Zealand Air Line Pilots’ Association is welcoming calls by the Civil Aviation Authority to have industry and the public have their say on proposed rules for unmanned aircraft operations....
    Scoop politics
  • Family Violence Report on Gender Bias Welcomed
    Family First NZ is welcoming a report which says that blaming men for domestic violence is ‘gender bias’....
    Scoop politics
  • Terrorism bill fraught with risk for academics
    Academics studying terrorism, or other topics that the SIS considers not to be in the national interest, could be among those who lose civil rights if an ‘anti-terrorism’ bill becomes law....
    Scoop politics
  • Iwi score badly on Māori language report card
    Māori language group Umere has given 'iwi corporates' a "Not achieved" for not standing up for te reo....
    Scoop politics
  • Men need to play leadership role
    White Ribbon Day is the international day for the elimination of violence against women and occurs each year on 25 November....
    Scoop politics
  • NZ-HK Customs heads meet to strengthen ties
    A meeting between New Zealand Customs and Hong Kong Customs officials in Auckland today has strengthened the close partnership between the two agencies that continue to work together, especially to combat drug smuggling and organised crime....
    Scoop politics
  • Liam Butler interviews Hon Richard Prebble CBE,
    Out of the Red $29.95 The untold story of NZ's biggest business turn around....
    Scoop politics
  • Submissions called for two herbicide applications
    The Environmental Protection Authority is calling for submissions on the reassessment of the herbicide Firebird and an application for release of the herbicide Sakura....
    Scoop politics
  • Collins Inquiry – Statement from Mr Adam Feeley
    "I am pleased that the inquiry was undertaken and with the outcome announced today, especially given the unprecedented level of speculation, criticism and comment around investigations into the collapse of finance companies - much of which bore little...
    Scoop politics
  • #GivingTuesday focuses on charitable giving in Xmas lead-up
    More than 100 New Zealand charities are taking part in the inaugural #GivingTuesday being held on Tuesday 2 December....
    Scoop politics
  • Carrick Graham: Inquiry Shows New Media PR Here to Stay
    Facilitate Communications welcomes the Prime Minister’s release of the Inquiry report into allegations regarding the Honourable Judith Collins and a former Director of the Serious Fraud Office, Adam Feeley....
    Scoop politics
  • Carrick Graham: Inquiry Shows New Media PR Here to Stay
    Facilitate Communications welcomes the Prime Minister’s release of the Inquiry report into allegations regarding the Honourable Judith Collins and a former Director of the Serious Fraud Office, Adam Feeley....
    Scoop politics
  • Importance of employer support of victims of family violence
    The Public Service Association (PSA) has welcomed a new report, Intimate partner violence and the workplace, published today by the NZ Family Violence Clearinghouse at the University of Auckland....
    Scoop politics
  • Importance of employer support of victims of family violence
    The Public Service Association (PSA) has welcomed a new report, Intimate partner violence and the workplace, published today by the NZ Family Violence Clearinghouse at the University of Auckland....
    Scoop politics
  • Activists celebrate success in ‘Roast Busters’ campaign
    Activist community ActionStation is today celebrating the success of their campaign to force a review into the lack of charges in the ‘Roast Busters’ case, after the Minister of Justice announced the re-opening of work to improve the justice system...
    Scoop politics
  • Activists celebrate success in ‘Roast Busters’ campaign
    Activist community ActionStation is today celebrating the success of their campaign to force a review into the lack of charges in the ‘Roast Busters’ case, after the Minister of Justice announced the re-opening of work to improve the justice system...
    Scoop politics
  • White Ribbon Day: A lot of work to do
    White Ribbon Day is a timely reminder to all New Zealanders that when it comes to sexual violence there is a lot of work to do says Human Rights Commissioner Jackie Blue. “Many victims of sexual violence are failed by...
    Scoop politics
  • White Ribbon Day: A lot of work to do
    White Ribbon Day is a timely reminder to all New Zealanders that when it comes to sexual violence there is a lot of work to do says Human Rights Commissioner Jackie Blue. “Many victims of sexual violence are failed by...
    Scoop politics
  • MBIE acts against Queenstown breaches of employment laws
    Enforcement action has been taken against 15 employers in the hospitality, retail and service industries following an operation in August by the Ministry of Business, Innovation and Employment (MBIE)....
    Scoop politics
  • MBIE acts against Queenstown breaches of employment laws
    Enforcement action has been taken against 15 employers in the hospitality, retail and service industries following an operation in August by the Ministry of Business, Innovation and Employment (MBIE)....
    Scoop politics
  • E Tu Whānau Supports Glenn Report’s call
    E Tu Whānau Supports Glenn Report’s call for Māori Tikanga to Battle Domestic Violence...
    Scoop politics
  • E Tu Whānau Supports Glenn Report’s call
    E Tu Whānau Supports Glenn Report’s call for Māori Tikanga to Battle Domestic Violence...
    Scoop politics
  • Link between inequality and teen births studied
    A University of Canterbury economics and finance postgraduate student’s research project has been unable to find a strong link between teen birth rates and socio-economic inequality....
    Scoop politics
  • Link between inequality and teen births studied
    A University of Canterbury economics and finance postgraduate student’s research project has been unable to find a strong link between teen birth rates and socio-economic inequality....
    Scoop politics
  • On White Ribbon Day, and every day, Plunket is here to help
    On White Ribbon Day, Plunket says the impact family violence has on children is not OK, but it is OK to ask for help, and is encouraging parents in violent or abusive relationships to seek help for themselves and their...
    Scoop politics
  • On White Ribbon Day, and every day, Plunket is here to help
    On White Ribbon Day, Plunket says the impact family violence has on children is not OK, but it is OK to ask for help, and is encouraging parents in violent or abusive relationships to seek help for themselves and their...
    Scoop politics
  • Dr Warren Tucker accepts findings of IGIS report
    I accept the findings of the Inspector-General's thorough and careful report and take full responsibility not only for my decisions but for the systemic errors made by NZSIS at the time....
    Scoop politics
  • Dr Warren Tucker accepts findings of IGIS report
    I accept the findings of the Inspector-General's thorough and careful report and take full responsibility not only for my decisions but for the systemic errors made by NZSIS at the time....
    Scoop politics
  • NZSIS accepts Inspector-General’s recommendations
    The Director of Security, Rebecca Kitteridge says she accepts all of the recommendations from an inquiry into the release of NZSIS information in July and August 2011. “We are implementing all of the recommendations as soon as possible,” Ms Kitteridge...
    Scoop politics
  • NZSIS accepts Inspector-General’s recommendations
    The Director of Security, Rebecca Kitteridge says she accepts all of the recommendations from an inquiry into the release of NZSIS information in July and August 2011. “We are implementing all of the recommendations as soon as possible,” Ms Kitteridge...
    Scoop politics
  • Kiwis Embrace the Spirit of Giving This Christmas
    Auckland, New Zealand – November 25, 2014 – Kiwis are embracing the spirit of giving this Christmas, with new figures revealing that a majority of us will be looking to purchase gifts for six or more people this festive season....
    Scoop politics
  • Kiwis Embrace the Spirit of Giving This Christmas
    Auckland, New Zealand – November 25, 2014 – Kiwis are embracing the spirit of giving this Christmas, with new figures revealing that a majority of us will be looking to purchase gifts for six or more people this festive season....
    Scoop politics
  • The writing’s on the wall in aged care
    The writing’s on the wall in aged care, so let’s get on with it....
    Scoop politics
  • The writing’s on the wall in aged care
    The writing’s on the wall in aged care, so let’s get on with it....
    Scoop politics
  • Report on release of NZSIS information to Cameron Slater
    The inquiry found the NZSIS released incomplete, inaccurate and misleading information in response to Mr Slater’s request, and provided some of the same incorrect information to the Prime Minister and the Prime Minister’s Office....
    Scoop politics
  • Report on release of NZSIS information to Cameron Slater
    The inquiry found the NZSIS released incomplete, inaccurate and misleading information in response to Mr Slater’s request, and provided some of the same incorrect information to the Prime Minister and the Prime Minister’s Office....
    Scoop politics
  • New Zealand a world leader in animal welfare
    The Animal Protection Index , which ranks 50countries across the world on their animal welfare standards, places New Zealand (along with the United Kingdom, Austria and Switzerland)in first place....
    Scoop politics
  • New Zealand a world leader in animal welfare
    The Animal Protection Index , which ranks 50countries across the world on their animal welfare standards, places New Zealand (along with the United Kingdom, Austria and Switzerland)in first place....
    Scoop politics
  • Corrections Review of Phillip Smith’s Illegal Departure
    Corrections Chief Executive Ray Smith has made public a summary of the findings of the review into the illegal departure from New Zealand of prisoner Phillip Smith during a temporary release....
    Scoop politics
  • Corrections Review of Phillip Smith’s Illegal Departure
    Corrections Chief Executive Ray Smith has made public a summary of the findings of the review into the illegal departure from New Zealand of prisoner Phillip Smith during a temporary release....
    Scoop politics
  • Bascand: Brighter Money
    Seeing people’s initial reactions to the new banknote designs is a heartening reminder of what an important role currency plays in our lives, and what a sense of pride and heritage our notes evoke....
    Scoop politics
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