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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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    This post is part of the 100 Days ProjectDay 36Craft Kitchen is an organic, gourmet sort of cafe which opened near the corner of Ponsonby and Great North Roads a bit over a month ago.  The first week it was...
    Notes from the edge | 22-08
  • Letter to the Editor – Transparency in government – do we have it or no...
    . . from: Frank Macskasy to: Dominion Post <letters@dompost.co.nz> date: Fri, Aug 22, 2014 subject: Letters to the Editor . The Editor Dominion Post . Some National Party supporters are keen to over-look allegations of wrong-doing and dirty politics in...
    Frankly Speaking | 22-08
  • Letter to the Editor – Transparency in government – do we have it or no...
    . . from: Frank Macskasy to: Dominion Post <letters@dompost.co.nz> date: Fri, Aug 22, 2014 subject: Letters to the Editor . The Editor Dominion Post . Some National Party supporters are keen to over-look allegations of wrong-doing and dirty politics in...
    Frankly Speaking | 22-08
  • Letter to the Editor – The Marianna’s Trench or Pluto?! WTF was Key hol...
    . . from:      Frank Macskasy to:           Sunday News <editor@sunday-news.co.nz> date:      Fri, Aug 22, 2014 subject: Letter to the editor . The editor Sunday News . He says he doesn’t know about Judith Collins...
    Frankly Speaking | 22-08
  • Letter to the Editor – The Marianna’s Trench or Pluto?! WTF was Key hol...
    . . from:      Frank Macskasy to:           Sunday News <editor@sunday-news.co.nz> date:      Fri, Aug 22, 2014 subject: Letter to the editor . The editor Sunday News . He says he doesn’t know about Judith Collins...
    Frankly Speaking | 22-08
  • Letter to the Editor – Just what is the Prime Minister’s role?!
    . . FROM: Frank Macskasy SUBJECT: Letter to the Editor DATE: Fri, 22 Aug 2014 TO: The Listener <letters@listener.co.nz. . The editor The Listener . John Key says he knew nothing about the activities of his one-time media consultant, Jason...
    Frankly Speaking | 22-08
  • Letter to the Editor – Just what is the Prime Minister’s role?!
    . . FROM: Frank Macskasy SUBJECT: Letter to the Editor DATE: Fri, 22 Aug 2014 TO: The Listener <letters@listener.co.nz. . The editor The Listener . John Key says he knew nothing about the activities of his one-time media consultant, Jason...
    Frankly Speaking | 22-08
  • A life working for social justice, David Shearer
    I believe New Zealand can be the best country in the world, where everyone can get a fair go and anyone prepared to work for it can achieve their dream....
    Labour campaign | 22-08
  • Key’s pathetic excuses
    Aug 15, 2014Aug 18, 2014Aug 18, 2014Aug 19, 2014Aug 20, 2014...
    The Jackal | 22-08
  • Is Whale Oil a journalist (2)?
    Some time ago, I wrote about Cameron Slater’s claim to be a journalist, which he is invoking for the purposes of protecting his confidential sources. The District Court ordered him to turn over his sources in a defamation case brought...
    Media Law Journal | 22-08
  • Government considering starting CRL on time
    I’ve long suspected the realities surrounding the City Rail Link and its close relationship to some of the biggest development projects in Auckland would in some ways force the governments hand and require an earlier start than 2020. Yesterday the...
    Transport Blog | 22-08
  • Poll of polls
    Polity's poll of polls is up to date, over at the Poll of Polls page. The short version, good to use as a more-or-less pre-Dirty Politics baseline, is: National: 50.4% Labour: 26.4% Greens: 12.0% NZF: 4.6% InternetMANA: 2.3% Conservative: 2.1%...
    Polity | 22-08
  • Primary Teachers Rise Up!
    I have been a primary teacher for 35 years and for over half of that time I have been an active member of the New Zealand Educational Institute, New Zealand's largest education union. NZEI Te Riu Roa represents 50,000 members, including...
    Local Bodies | 22-08
  • Friday melts, weird weather and whales (it’s been a long time…)
    It’s been a long time since my last post: apologies for that. You may blame a bad cold, an urgent need for root canal work, the peak of the truffle season (and truffle tours for culinary heroes1 ), the start...
    Hot Topic | 22-08
  • John Key’s Top 69 Lies – Today No. 29: It’s a left-wing smear campaig...
     Key: 'Left wing smear campaign'   Key continues to back Collins    John Key is wrong. He is not the victim of a smear campaign, and here's why: First, let's define "smear campaign". Wikipedia: A smear campaign, smear tactic or simply smear is...
    Arch Rival | 22-08
  • How Many National MPs are Corrupt?
    Reading through the ‘dumps’ of information allegedly showing Scumbag Adulterer Cameron Slater’s messages with National Party Hacks, there is a lot of discussions about money changing hands, Tobacco Companies making ‘donations’, and so on. Not only has Key’s Office and...
    An average kiwi | 22-08
  • Tolley feeds Slater too
    Because of Nicky Hager's excellent book, Dirty Politics, we know that a number of senior National party officials and Ministers have been caught out supplying information and content to the Whale Oil Beef Hooked blogsite, information that Cameron Slater uses...
    The Jackal | 22-08
  • Unsurprising
    No bloggers have signed up to join the Online Media Standards Authority. This isn't really surprising. For a start, membership costs $500 a year (and ten times that if too many people complain) - well beyond the means of most...
    No Right Turn | 22-08
  • Nelson fishing museum satire or not?
    Apparently, unless Fairfax is now taking on The Civilian in the field of satirical news, the Minister of Conservation Nick Smith and fishing magnate Peter Talley are planning a fishing museum in Nelson. And the Minister considers this "ambitious new...
    Greenpeace NZ blog | 22-08
  • Steering By The Real: Chris Trotter Responds To Paul Buchanan.
    Uncharacteristically Idealistic: Normally a cool-headed realist (as befits an expert in international relations) Dr Paul Buchanan has taken issue with Chris Trotter's "cynical" Bowalley Road posting Dirty Politics - Is There Any Other Kind? by offering a passionately idealistic defence of...
    Bowalley Road | 22-08
  • This should not have taken five years
    Back in 2009, after the Herald was given information showing that National MP Kanwaljit Singh Bakshi was suspected by the Immigration Service of paying off a woman at the centre of allegations he had made bogus job offers, Immigration Minister...
    No Right Turn | 22-08
  • Poll of Polls update – 22 August 2014
    The latest Herald Digipoll has just been released, and with a polling window running from 14 August to 20 August, the entirety of the polling was completed following the release of Dirty Politics. The results show a sharp fall of 4.9% for National. However,...
    Occasionally erudite | 22-08
  • Hard News: In The Green Room
    Next Thursday, John Key and David Cunliffe will meet in the first TVNZ leaders' debate. At the same time, Green Party co-leaders Metiria Turei and Russel Norman will appear in The Green Room, a "companion" debate streamed live online.I'll be...
    Public Address | 21-08
  • Walking in Manukau
    Just over a month ago I was out at Manukau City, at the open day of the new MIT, which doubles as Manukau station. This is a brilliant facility, with world class integration of land use and transport. If you...
    Transport Blog | 21-08
  • World News Brief, Friday August 22
    Top of the AgendaThai Junta Leader Appointed PM...
    Pundit | 21-08
  • Review finds community water fluoridation safe and effective
    A press release from the Royal Society of NZ today. I think the “take home message is: “The panel concluded that the concerns raised by those opposed to fluoridation are not supported by the scientific evidence” A review of the...
    Open Parachute | 21-08
  • Seismic testing stopped in Norway but coming soon to Northland
    Seismic testing for oil in the Arctic Barents Sea, commissioned by the Norwegian Petroleum Directorate has been stopped four days after it began and one month ahead of schedule after Greenpeace exposed it to the media. But off the coast...
    Greenpeace NZ blog | 21-08
  • Hard News: Friday Music: A Strange Road
    It was one thing when the Electoral Commission declared Darren Watson's 'Planet Key' song and video to be an "election programme" under the Broadcasting Act. But quite another for it to then find it to also be an "election advertisement"...
    Public Address | 21-08
  • More proof
    Adam Bennet in the Herald reports: New evidence has emerged appearing to contradict Prime Minister John Key's claim he was never told by the SIS it intended to release politically sensitive secret documents to Whale Oil blogger Cameron Slater. But...
    Polity | 21-08
  • Up Front: Oh, God
    I'm not a militant atheist. I've always been grateful that I was raised by a good Christian woman; one who believed in kindness, and giving, and generally not being a judgemental homophobic arsehole. Those people's voices are largely missing from...
    Public Address | 21-08
  • New Fisk
    Air strikes? Talk of God? Obama is following the jihadists’ script...
    No Right Turn | 21-08
  • Key fails to keep his lies straight
    When evidence emerged yesterday that John Key had been briefed on Cameron Slater's expedited OIA to the SIS, he was quick to deny it. Apparently when the SIS director and the Ombudsman referred explicitly to "discussions with the Prime Minister",...
    No Right Turn | 21-08
  • Enter the Mad Butcher
    One aspect of the disgusting messages between National party propagandist Cameron Slater and his accomplice Aaron Bhatnagar that hasn't been picked up on by the mainstream media yet is their discussion about Peter Leitch AKA the Mad Butcher.This part of...
    The Jackal | 21-08
  • NEWSFLASH: John Key Clone Used to Fake News Conference
    Incredibly “Left Wing Smear” Campaigners have used a time machine, travelled back to August 8th 2011, with a Clone of John Key (That they made days before, using number eight wire and Oravida Milk Powder), and held a News Conference...
    An average kiwi | 21-08
  • Norway in sneak attack on the Arctic
    The Esperanza has been in Svalbard, in the Arctic, for a few weeks now and we recently became aware of something urgent and disturbing. A seismic company called Dolphin Geophysical, commissioned by the Norwegian Petroleum Directorate, has begun seismic mapping...
    Greenpeace NZ blog | 21-08
  • Vote Choice: Social Media Round-up
    We will return to our regularly scheduled coverage of party leader’s position on abortion. Meanwhile, this week’s Vote Choice series focuses on what we have heard from supporters across social media. We’ve also listed some interesting resources that can help...
    ALRANZ | 21-08
  • “Dirty Politics” and The Teflon Man
    . . The release of Nicky Hager’s book, “Dirty Secrets” has unleashed more of a political firestorm than many had anticipated. (Or, perhaps some did.) The glare of publicity has been shone like a laser-beam into the darkest, most noisome...
    Frankly Speaking | 21-08
  • “Dirty Politics” and The Teflon Man
    . . The release of Nicky Hager’s book, “Dirty Secrets” has unleashed more of a political firestorm than many had anticipated. (Or, perhaps some did.) The glare of publicity has been shone like a laser-beam into the darkest, most noisome...
    Frankly Speaking | 21-08
  • Is Penlink worth it?
    As the Council puts together its 10 year budget over the coming months there will be some really big questions that need to be addressed in the area of transport. When to start City Rail Link? How fast to build...
    Transport Blog | 21-08
  • Abandoning Science – And The Planet
    Weeping For The Planet: The famous "Crying Indian" advertisement, produced by Keeping America Beautiful, struck a deep chord with Americans when it first screened on "Earth Day" - 22 April  1971. It was a time when both the Left and the...
    Bowalley Road | 21-08
  • Peters: With Real Representation, Real Progress
    Speech – New Zealand First Party Early this month, the New Zealand First candidate for Tauranga, Clayton Mitchell, organised a meeting between local city councillors and myself. You will recall that back then he and New Zealand First gave a...
    Its our future | 21-08
  • The Green Party’s campaign video
    The Green Party's 2014 election campaign opening broadcast.A cleaner, fairer, smarter New Zealand.http://greens.org.nz #LoveNZ...
    The Jackal | 21-08
  • DHB industrial action withdrawn, workers to vote on new offer
    The Public Service Association (PSA) has withdrawn notices of industrial action covering 12,000 health workers at District Health Boards (DHBs)...
    PSA | 21-08
  • Required reading: “John Key – The End Game” by Bryan Gou...
    John Key – The End Game             It is one of the wonders of the modern world that the democracy that past generations fought and died for is regarded as of little consequence by those who currently enjoy its benefits.While many...
    Arch Rival | 21-08
  • John Key’s 69 Top Lies: Today no. 30 – Cameron Slater is nothin...
     3News Video John Key talks Nicky Hagers Dirty Politics  As much as John Key may wish it were otherwise, Cameron Slater is part of the National Party. Below is a photo of Cameron Slater's National Party membership card, taken by Cameron Slater himself as...
    Arch Rival | 21-08
  • Cornered Government comes out swinging
    The National Government is so desperate to keep its dead-in-the-water expert teachers policy alive, it has refused to rule out forcing schools to participate through legislation, Labour’s Education spokesperson Chris Hipkins says. “John Key today attacked the Educational Institute for...
    Labour | 22-08
  • Pacific people continue to go backwards under National
    A report from Victoria University highlights the fact that Pacific people are continuing to go backwards under a National Government, said Labour’s Pacific Affairs spokesperson Su’a William Sio.  “The report shows the largest inequality increases were in smoking, obesity, tertiary...
    Labour | 22-08
  • Wellington transport plan needs to keep moving
    The failure of the Transport Agency to properly look at alternatives to the Basin Reserve flyover is not a good reason for further delays to improving transport in Wellington, Labour MPs Grant Robertson and Annette King say. “The Board of...
    Labour | 22-08
  • Labour’s focus on inequality, kids and better job prospects
    Tackling child poverty and removing barriers to people working part time to enhance their prospects of moving into a fulltime job are highlights of Labour’s Social Development policy. Releasing the policy today, spokesperson Sue Moroney said while part-time work was...
    Labour | 21-08
  • Political staff should give answers under oath
    The Inspector General of Security and Intelligence should use her full statutory powers to question witnesses under oath about the leak of SIS information, says Labour MP Phil Goff. “Leakage of confidential information from the SIS for political purposes is...
    Labour | 21-08
  • High dollar, hands-off Govt sends workers to dole queue
    The loss of up to 100 jobs at Croxley stationery in Auckland is devastating news for their families and the local Avondale community, Labour’s Employment, Skills and Training spokesperson Grant Robertson says. “The company’s inability to compete in international markets...
    Labour | 21-08
  • National’s flagship education policy dead in the water
    National’s plan to create executive principals and expert teachers is effectively dead in the water with news that 93 percent of primary teachers have no confidence in the scheme, Labour’s Education spokesperson Chris Hipkins says. “The fact that teachers are...
    Labour | 21-08
  • Dunedin will be a knowledge and innovation centre under Labour
    Dunedin will become a knowledge and innovation centre under a Labour Government that will back local businesses, support technology initiatives and fund dynamic regional projects, Labour Leader David Cunliffe says. “Nowhere has the National Government’s short-sightedness been more apparently than...
    Labour | 21-08
  • Inquiry into SIS disclosures the right decision
    Labour MP Phil Goff says the Inspector-General of Intelligence and Security has done the right thing by launching an inquiry into the disclosure of SIS documents about a meeting between himself and the agency’s former director-general. “This inquiry is necessary...
    Labour | 20-08
  • Labour – supporting and valuing carers and the cared for
    Placing real value on our elderly and the people who care for them will be a priority for a Labour Government, Labour Leader David Cunliffe says. Releasing Labour’s Senior Citizens policy today David Cunliffe promised that a Labour Government would...
    Labour | 20-08
  • By Hoki! It’s Labour’s fisheries policy
    A Labour Government will protect the iconic Kiwi tradition of fishing by improving access to the coast, protecting the rights of recreational fishers and reviewing snapper restrictions, Labour’s Fisheries spokesperson Damien O’Connor says. “Catching a fish from the rocks, beach...
    Labour | 20-08
  • Mighty River – Mighty Profits – Mighty hard to swallow
    Mighty River Power’s profit increase of 84 per cent is simply outrageous, says Labour’s Energy spokesperson David Shearer. “Demand for electricity is flat or declining yet the company has made enormous profits. It is the latest power company to celebrate...
    Labour | 19-08
  • Collins’ actions were wrong, not unwise
    John Key’s moral compass remains off-kilter as he cannot bring himself to declare Judith Collins’ actions outright wrong, not simply ‘unwise’, said Labour MP Grant Robertson. “Under pressure John Key is finally shifting his stance but his failure to condemn...
    Labour | 19-08
  • Public servants behaving with more integrity than their masters
    The State Services Commission's new report on the integrity of our state services reflects the yawning gap between the behaviour of public servants and that of their political masters, Labour's State Services spokesperson Maryan Street says. “This report, which surveyed...
    Labour | 19-08
  • Phil Twyford Speech to NZCID
    "Labour's plan to build more and build better: how new approaches to housing, transport and urban development will deliver cities that work" Phil Twyford, Labour Party spokesperson on housing, transport, Auckland issues, and cities.  ...
    Labour | 19-08
  • Labour commits to independent Foreign Affairs and Trade
    “Labour is committed to New Zealand’s Foreign Affairs and Trade policy being independent and proactive, Labour’s Foreign Affairs spokesperson David Shearer says. “We are a small but respected country. Our voice and actions count in international affairs. Labour will take a...
    Labour | 19-08
  • Key must sack Collins over abhorrent actions
    The latest revelations that Judith Collins sent the contact details of a public servant to WhaleOil in a desperate attempt to divert media attention from a bad story is abhorrent, Labour MP Grant Robertson says. “John Key and Judith Collins...
    Labour | 19-08
  • It’s downhill from here under National
    The forecast drop in exports and predicted halving of growth shows that it’s downhill from here with National, Labour’s Finance spokesperson David Parker says. “Growth under this Government peaked in June and halves to two per cent in coming years....
    Labour | 19-08
  • John Key loses moral compass over Collins
    John Key has lost his moral compass over Judith Collins’ involvement with Cameron Slater and lost touch with New Zealanders’ sense of right and wrong, Labour MP Grant Robertson says. “Whoever is Prime Minister there are expectations they will not...
    Labour | 18-08
  • Mana Movement General Election 2014 List confirmed
    The MANA List is now confirmed with all the candidates as below (the numbers are the respective Internet MANA rankings). Candidate, Electorate, Internet MANA List Position Hone Harawira, Te Tai Tokerau (1) Annette Sykes, Waiariki (3) John Minto, Mt Roskill (4) Te Hamua Nikora, Ikaroa-Rawhiti...
    Mana | 18-08
  • PREFU likely to confirm dropping exports
    National’s economic management will be put under the spotlight in tomorrow’s PREFU given clear signs the so-called rock star economy has fallen off the stage, with plummeting prices for raw commodity exports, Labour’s Finance spokesperson David Parker says. “Under National,...
    Labour | 18-08
  • Record profits while Kiwis face a cold winter
    The record profits by two of New Zealand’s largest electricity companies will be a bitter pill for New Zealand households who are paying record amounts for their power, says Labour’s Energy spokesperson David Shearer. “No doubt the Key government will...
    Labour | 18-08
  • Time for John Key to answer yes or no questions
    John Key’s train-wreck interview on Morning Report shows he is no longer capable of a simple yes or no answer and has lost touch with what’s right and wrong, Labour MP Grant Robertson says. “John Key has become so media...
    Labour | 18-08
  • Key must clarify who signed out SIS OIA
    Yet again John Key is proving incapable of answering a simple question on an extremely important issue – this time who signed off Cameron Slater’s fast-tracked SIS OIA request on Phil Goff, said Labour MP Grant Robertson. “John Key’s claim...
    Labour | 18-08
  • Time to invest in our tertiary education system
    A Labour Government will fully review the student support system – including allowances, loans, accommodation support and scholarships – with a view to increasing access and making the system fair, transparent and sustainable, Labour’s Tertiary Education spokesperson Maryan Street says....
    Labour | 17-08
  • Labour will facilitate regional Māori economic development agencies
    The next Labour Government will facilitate the creation of regional Māori economic development groups lead by iwi and hapū to work in partnership with business and public agencies as part of its Māori Development policy. “Labour is committed to working towards...
    Labour | 16-08
  • PRIME MINISTER’S DENIAL AT ODDS WITH NATIONAL PARTY STATEMENT
    Labour’s New Zealand Council has today released an email from the General Manager of the National Party that directly contradicts recent statements from the Prime Minister in relation to the 2011 breaches of Labour Party website databases. In his stand-up...
    Labour | 16-08
  • Labour committed to a healthier NZ for all
    A Labour Government will shift the focus of the health system from narrow targets and short term thinking to make public health and prevention a priority, Labour’s health spokesperson Annette King says. Releasing Labour’s full Health policy today she said...
    Labour | 15-08
  • Time Key took responsibility for Collins
    It is well past time for John Key to take some responsibility for the misuse of power and information by his Minister Judith Collins, and follow through on his last warning to her, Labour MP Grant Robertson says. “The evidence released...
    Labour | 14-08
  • Dear John, time to answer a few questions… – Harawira
    “When Cameron Slater says about Kim Dotcom ‘I have lots on him…death by a thousand cuts…wait till you see what comes out in coming weeks on that fat c***t’, you have to ask whether this is the same Cameron Slater...
    Mana | 14-08
  • MANA CANDIDATE FOR IKAROA RAWHITI OPENS UP ABOUT SUICIDE
    “This week suicide has claimed yet more lives in whanau and communities in Ikaroa Rawhiti, and my heart goes out to those who are dealing with such a tragic loss”, says MANA candidate for Te Ikaroa Rawhiti, Te Hamua Nikora....
    Mana | 14-08
  • Offshore betting in Labour’s sights
    A Labour Government will clamp down on offshore gambling websites that deprive the local racing industry of funds, Labour’s Racing spokesperson Ross Robertson says. Releasing Labour’s racing policy today, he said betting on offshore websites is a major threat to...
    Labour | 14-08
  • Key has serious questions to answer on Dirty Politics
    John Key must answer the serious questions raised in Nicky Hager’s new book which reveal examples of dirty politics that New Zealanders will be deeply concerned about, Labour MP Grant Robertson says. “Many people will be disturbed by the evidence...
    Labour | 14-08
  • Creating an inclusive society for disabled people
    A Labour Government will provide free annual health checks for people with an intellectual disability, Labour’s Disability Issues spokesperson Ruth Dyson said today in announcing Labour’s Disability Issues policy. “We will also employ another 100 additional special education teachers and...
    Labour | 14-08
  • Media Advisory – MANA name change
    This is to advise all media that on the 24th of July the ‘Mana’ party name was officially changed to ‘MANA Movement’ under the Electoral Act 1993.  The inclusion of the word ‘Movement’ in our name shouldn’t come as a surprise...
    Mana | 13-08
  • New Zealand must help in the growing Iraq crisis
    The humanitarian crisis in Iraq looks certain to get worse before it gets better,” said David Shearer Labour’s Foreign Affairs spokesperson. “New Zealand should urgently pledge increased humanitarian assistance to United Nations agencies and NGOs present on the ground....
    Labour | 13-08
  • Allegations of migrant worker rort should be investigated
    Labour is calling for an investigation into the alleged exploitation of workers at Hutt Railway workshops, hired to repair asbestos-riddled DL locomotives. Hutt South Labour MP Trevor Mallard has written to the Ministry of Business, Innovation and Employment asking that...
    Labour | 13-08
  • Medical and dentistry students get reprieve under Labour
    A Labour Government will restore the right of medical and dentistry students to get student loans after seven years of study because it is the right thing to do, Labour’s Tertiary Education spokesperson Maryan Street says. “Hard on the heels...
    Labour | 13-08
  • National must stop meddling with ACC before the election
    The redesign currently occurring at the Accident Claims Corporation (ACC) for sensitive claims needs to be put on hold immediately, said the Green Party today.The Green Party is concerned about work currently underway at ACC involving the sensitive claims service...
    Greens | 13-08
  • Markets slow but first home buyers still hurting
    First home buyers are hurting more than ever as the supply of affordable houses in the market dries up, Labour’s Housing spokesperson Phil Twyford says. “The Reserve Bank will be happy LVR minimum deposits and rising interest rates have dampened...
    Labour | 13-08
  • Green Party celebrates MOU win on contaminated sites
    The Green Party is celebrating the announcement of a national register of contaminated sites today, and $2.5 million to start cleaning two sites up. The Green Party and the National Party agreed to include toxic site management work in their...
    Greens | 13-08
  • Emergency staff at breaking point
    The Southern DHB is so cash-strapped it is failing to fill nursing rosters, Labour’s Associate Health spokesperson David Clark says.  “Every day emergency department nurses arrive at work knowing they are likely to be carrying more than their recommended workload. ...
    Labour | 12-08
  • ACC minister fails in mission to change culture
    The latest damning report by the Auditor General shows that the ACC Minister has failed to fulfil her mission to fix the sick culture at ACC and real change will not come till a new Government is elected, the Green...
    Greens | 12-08
  • Labour’s regional development fund to support Palmerston North
    Labour will consider a proposal to develop an inland port at Palmerston North, Labour Leader David Cunliffe says. “The Palmerston North community has developed plans for an inland port which will bring jobs and economic growth to a region which...
    Labour | 12-08
  • Green Party announces priorities for Christchurch
    The Green Party has today announced its plan for a fairer, smarter and more democratic Canterbury rebuild, with a focus on smart transport solutions, restoring local democracy, and keeping Christchurch's assets.The plan sits across all of the Green Party's priorities...
    Greens | 11-08
  • Rock-star economy unplugged by China log jam
    The collapse of log prices due to oversupply in China threatens to wash the gloss off what remains of National's so-called rock-star economy, says Labour Leader David Cunliffe. “Already this year the price of milk solids has plunged by more...
    Labour | 11-08
  • Young job seekers dealt a poor hand
    National's "keep 'em poor" card for young people on a benefit is a sorry substitute for job training, Labour’s Social Development spokesperson Sue Moroney says.  The Government today announced it would extend its payment card scheme to all teen parents...
    Labour | 11-08
  • Labour – achieving change for Kiwi women
    Working towards being a world leader in eliminating violence against women and children will be a priority for a Labour Government. Releasing Labour’s Women’s Affairs policy today spokesperson Carol Beaumont said while Labour had a proud track record of achieving...
    Labour | 11-08
  • Accessible healthcare also affordable
      It is obvious from Tony Ryall’s hasty attack of Labour’s plans to extend free GP visits to older people that he hasn’t bothered to actually read the policy, Labour’s Health spokesperson Annette King says. "Mr Ryall’s response to Labour’s...
    Labour | 11-08
  • Full details of oil execs’ junket revealed
    Full details of a $237,000 taxpayer-funded oil executives' junket in 2011 have emerged.National paid the nearly quarter of a million dollars to wine and dine 11 oil executives in New Zealand during the World Cup.The trip included yachting, wine tasting,...
    Greens | 10-08
  • Steering By The Real: Chris Trotter responds to Paul Buchanan
    WHEN ACADEMICS take to blogging the rest of us best be careful. And when they offer comment on the subject of dirty politics we should all pay attention. I will always remember my history lecturer, Dr Michael Cullen’s, confident dismissal...
    The Daily Blog | 22-08
  • Interview Between Selwyn Manning & Sean Plunket Over SIS Release of OIA...
    During a RadioLive interview between host Sean Plunket and managing director of Multimedia Investments Ltd, journalist Selwyn Manning, a fiery exchange developed after Plunket attempted to “wet flannel” the issue of whether the Prime Minister has been truthful over what...
    The Daily Blog | 22-08
  • “Even though my hours are being cut, my rent doesn’t get cut to compens...
    Fast Food = Slow Pay   Lola is a manager at a major fast food chain. Last year her employer arbitrarily cut her hours from 32 hours to anywhere between 18 and 26 hours each week. “I said I can’t...
    The Daily Blog | 21-08
  • Hate Politics has no place in NZ Politics
    I wasn’t going to write about Nicky Hagar’s ‘Dirty Politics’.  There are plenty of policy issues to discuss. Then I read the book, and what it reveals strikes at the very heart of our democracy. My overwhelming feeling is one...
    The Daily Blog | 21-08
  • Pak’nSave pull adverts from Whaleoil
    Pak n Save have replied to complaints that their adverts were appearing on hate speech site Whaleoil by deciding to block their adverts from appearing on the site. Their reply… Congratulations for Pak’NSave on making this type of ethical stand. They...
    The Daily Blog | 21-08
  • Herald Poll – Why the Greens will hit 15%
    The biggest problem for John Key is that there are swathes of National Party voters who are educated and decent people whom will be forced to read Dirty Politics out of intellectual curiosity and will be horrified by what National...
    The Daily Blog | 21-08
  • Coalition for Better Broadcasting – Dirty Politics and Dirty Media
    The Nicky Hager book is mind blowing on so many levels. The revelations of government ministers and their staff colluding with vile and hateful schemers to attack other people, is truly ugly. When the dust settles on the illegalities, immoralities...
    The Daily Blog | 21-08
  • “You just have to keep on fighting” – an interview with Metiria Turei
    We’re meeting in her office. It’s austere, though she does have a nice teapot. The view is startling. One can map the Bowen Triangle, though the teapot is still more interesting. A group of pink faced men are running across...
    The Daily Blog | 21-08
  • Taxation and Real Estate – turning housing debate on its head
    The debate about property prices in New Zealand is disingenuous. It is clear that there is a global process in which speculators are using massive amounts of unspent and borrowed money to blow bubbles in the world’s major asset markets....
    The Daily Blog | 21-08
  • GUEST BLOG: Michael Wood – Faith and politics
    In a week which has seen our collective focus shift to those who see politics as a great game to be manipulated for their own ends, it is timely to reflect on the fact that many people are in fact...
    The Daily Blog | 21-08
  • Government’s Own Guidelines Show John Key Would Have Been Informed Of SIS...
    Analysis by Selwyn Manning. INFORMATION THAT I HAVE ACQUIRED, sourced from the State Services Commission, states in black and white the tight guideline requirements that must be followed whenever the SIS informs a Prime Minister of any pending release of...
    The Daily Blog | 21-08
  • Simply Not Credible: Dr Tucker’s “clarifications” are only making thi...
    THAT DR WARREN TUCKER, Director of the Security Intelligence Service in 2011, agreed to the release of politically sensitive material – thereby intervening in an on-going contretemps between the leaders of the National and Labour parties – without receiving the...
    The Daily Blog | 21-08
  • The Donghua Liu Affair: Evidence of Collusion between the NZ Herald and Imm...
    . 1. Prologue . The Donghua Liu Affair hit  the headlines on 18 June, with allegations that David Cunliffe wrote a letter in 2003,  on  behalf of  business migrant, Donghua Liu. Four days later, on Sunday 22 June, the Herald...
    The Daily Blog | 21-08
  • Dear Canon NZ – Malevolence should induce revulsion, it shouldn’t be ce...
    Giovanni Tiso’s analysis on Slater is possibly the best in NZ… It’s been a good week for some of us. A week of feeling vindicated, offeeling galvanised. Where it goes from here will depend on several factors, some of which are largely...
    The Daily Blog | 20-08
  • 5AA Australia: After Dirty Politics Can National Provide Stable Government?
    AS WE ALL KNOW New Zealanders and Australians do not like political parties that are unstable, or can no longer assure us that they are able to provide stable government. And the big question for Kiwis as we prepare to...
    The Daily Blog | 20-08
  • SIS letter means it’s over for Key
    It’s over. I may not agree with all of Phil Goff’s positions, but you can’t question his integrity the way Slater did in Dirty Politics and not be deeply concerned that our Secret Intelligence Agency is being used for political...
    The Daily Blog | 20-08
  • who to vote for in Epsom
    who to vote for in Epsom...
    The Daily Blog | 20-08
  • The Rise and Fall of John Key – who will be the next leader of National P...
    . . It was all set to go: Teamkey would be the cult of personality that would do Stalin, Mao, Reagan, Thatcher, or any of the Nth Korean Kim Dynasty, proud.  National and it’s “Teamkey” propaganda strategy   would cash-in Big Time...
    The Daily Blog | 20-08
  • Who said Kiwis couldn’t get a fire in their bellies over an arcane intern...
    An amazing team of activists has taken the campaign on the Trans-Pacific Partnership Agreement (TPPA) to local governments throughout the country. Their latest triumph came last Monday when the Dunedin City Council endorsed a resolution expressing concern about the TPPA...
    The Daily Blog | 20-08
  • National’s Dangerous Education Agenda Exposed
    Putting aside the dirty politics coming out of the Beehive and the right-wing blogisphere, there are some very strong signals that another term of a National Government would do even more serious damage to the public education system. The Education...
    The Daily Blog | 20-08
  • We can have clean politics and get our democracy back.
    Something is rotten in our politics and it stinks. Dirty politics has sadly become one of the defining features of this election campaign. In the light of recent revelations about the extent of nasty and disingenuous political strategies, it would...
    The Daily Blog | 20-08
  • Book burning copies of Hager’s book? The next generation of National Part...
    It seems we are getting the next generation of National Party Dirty Politics now. There are claims the Young Nats in Hamilton are buying up copies of Dirty Politics and burning them. One witness was contacted by the Waikato Times...
    The Daily Blog | 20-08
  • National Party Poetry Day Haiku
    Key’s inbox and Cam’s poison most foul, there he blows hoist by own harpoon...
    The Daily Blog | 20-08
  • Why Cunliffe will be the next PM
    David Cunliffe will be the next Prime Minister of NZ. Labour’s inclusive and positive TV adverts… …are in stark contrast to National’s team of white people powering away from the rabble of the ‘others’… …the messaging is vital and crucial...
    The Daily Blog | 20-08
  • From smiling assassin to grumpy butcher – on giving Judith Collins a last...
    After #dirtypolitics Key isn’t the smiling assassin, he is the grumpy butcher. When he said Judith had  a ‘last chance’ he meant 1 second after voting closes on 20th September. Key would love nothing more than to cut Collins loose and end...
    The Daily Blog | 20-08
  • If the National Party rowing advert was real….
    If the National Party rowing advert was real there would be more blood in the water. If the National Party rowing advert was real it would be Cameron Slater calling the strokes. If the national Party rowing advert was real,...
    The Daily Blog | 20-08
  • Cameron Slater: Zionist and political pundit
    It is hard to know where to start with right-wing blogger Cameron Slater (Whale Oil), especially after the release of Nicky Hager’s book Dirty Politics. This confirmed everything many of us thought Slater to be: a snivelling pundit who serves...
    The Daily Blog | 19-08
  • Bryce Edwards stood down from Herald for election season??? Are the editors...
    I only found this out via twitter last night and I am still in shock. Bryce Edwards, easily the best critical thinker and news analyst the NZ Herald has has been stood down by the NZ Herald ‘for the election...
    The Daily Blog | 19-08
  • So who’s a “conspiracy theorist” now?!
    . . As the media storm over Nicky Hager’s book, “Dirty Politics“,  and allegations over smear campaigns continue to swirl,  National’s spin doctors have given Key, Collins, and other National Party ministers a string of  phrases to use in all...
    The Daily Blog | 19-08
  • Momentum shift
    When you are deeply immersed in a local campaign sometimes it can be difficult to see the helicopter view.   I don’t know how accurate the political polls are and have always known that things can change quickly in politics...
    The Daily Blog | 19-08
  • Dear Toby Manhire. Bad call on backing Farrar
    Oh dear. I say this as someone who regards Toby Manhire as one of the smartest journalists/commentators/columnists this country has, and I think Toby has made a terribly dumb call here. Let’s see if Toby is still singing Farrar’s praises...
    The Daily Blog | 19-08
  • Radio NZ apologise to me for getting it wrong
    Radio NZ have contacted me, reviewed the claim by their host that I had an advance copy of Nicky Hager’s book and they have concluded they got it wrong, they have called me and apologised and will make a statement...
    The Daily Blog | 19-08
  • GUEST BLOG: Reclaim UoA – Students’ Message to Steven Joyce
    Tertiary Education – we’ve been sold a lemon  A group of 30 students attended an event on Tuesday evening about ‘the future of tertiary education’ at which the Minister of Tertiary Education Steven Joyce was slated to speak. As Joyce...
    The Daily Blog | 19-08
  • Can someone in the media please ask the PM of NZ to categorically deny any ...
    Now we see the MO of Slater & Co, the setting up, the digging for dirt, the use of staff to dig that dirt, can the Prime Minister of NZ categorically deny any National Party staff worked with Cam Slater...
    The Daily Blog | 19-08
  • Panic setting in for National as they realise what’s about to happen
    And the terror starts to set in. I’ve never seen blind panic like this before  and it’s spreading as the enormity of what’s about to happen starts to sink in. Hager’s book is a mere entree, Nicky’s personal ethics wouldn’t...
    The Daily Blog | 19-08
  • Hager’s Dirty Politics: what the book ultimately reveals is abuse of powe...
    Guide to the many faces of John Key Nicky’s book is now doing what I suspected it would do, create a shockwave of revulsion. Andrew Geddis over at Pundit Blog sums up this attitude best, and it’s reverberations build with every...
    The Daily Blog | 18-08
  • Fancy taking children seriously
    Let’s see why all political parties should pay close attention to the Green Party’s policy for children. First, it is a comprehensive attempt to put children, not ideology, at the heart of family policy. Wow, children at the heart of...
    The Daily Blog | 18-08
  • Amnesty International: Dear Azerbaijan, Stop Torture, Love Kiwi Kids
    This is a world where many adults often underestimate Generation Y. Being only a few years out of being a teenager myself, I feel I can make this statement with certainty. However, I have been the Youth Intern at Amnesty...
    The Daily Blog | 18-08
  • GCSB meetings today in Christchurch 1pm at Uni 7pm at Cathedral
    The 2014 GCSB meetings to discuss the mass surveillance state legislation passed by this Government will be debated in Christchurch today at two different meetings. 1pm at Canterbury University bottom floor James Height Building: Chair: Bomber Bradbury Ruth Dyson – Labour Party...
    The Daily Blog | 18-08
  • Things that 7 Sharp should probably be talking about
    Things that 7 Sharp should probably be talking about...
    The Daily Blog | 18-08
  • Guide to when Key is lying
    Guide to when Key is lying...
    The Daily Blog | 18-08
  • GUEST BLOG: Kate Davis – The State of the Student Nation …or is just Al...
    Students politics are dead and our student media is in terminal decline. The most disappointing thing about university is the politics, or should I say lack of? I was raised with the idea that students held the power.They were the...
    The Daily Blog | 18-08
  • Love Lifts Us Up: Thoughts from the Green Party’s campaign launch.
    Author Eleanor Catton wants people to give their party vote to the Greens.Photo by Peter Meecham NO ONE WAS QUITE SURE how he did it. Somehow Bob Harvey had persuaded the owners of the rights to Joe Cocker’s Up Where...
    The Daily Blog | 18-08
  • Test Stream
    width="600" height="400"> archive="http://theora.org/cortado.jar [3]" width="600" height="401">...
    The Daily Blog | 18-08
  • LIVE STREAM: You, Me and the GCSB ChCh Public Meetings
    LIVE STREAM EVENT here at 1pm & 7pm: The 2014 GCSB meetings to discuss the mass surveillance state legislation passed by this Government will be debated in Christchurch today at two different meetings. PLEASE NOTE: TDB recommends Chrome and Firefox...
    The Daily Blog | 18-08
  • Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today,
    Jeremy Wells’ Mike Hosking on Radio Hauraki...
    The Daily Blog | 18-08
  • How @whaledump might destroy the popular vote for National
    Dirty Politics is now creating a meltdown and National are in danger of a total vote collapse. The real threat to for National was if Nicky had all the emails released via the anonymous hacker who took them. That danger is now a...
    The Daily Blog | 18-08
  • Open letter to Radio NZ – you need to make a retraction now
    I have just sent this off to Radio NZ right now Dear Radio NZ Firstly, what a great interview by Guyon Espiner this morning with the Prime Minister. Great to see such hard hitting journalism. Unfortunately I am not contacting...
    The Daily Blog | 17-08
  • Radio NZ are lying about me
    I am getting this all second hand at the moment as I don’t bother listening to Radio NZ (except for that wonderful Wallace Chapman in the weekends) but there is a claim that Suzie Ferguson just insinuated on Radio NZ...
    The Daily Blog | 17-08
  • Farrar’s fake claim of being invaded + Slater’s claims of death threats...
    The counter spin to avoid focus on the series allegations made in Nicky Hager’s Dirty Politics continues. David Farrar’s ridiculous hysterics that he was invaded and his privacy has been blah blah blah has all been reduced from computer hacking to...
    The Daily Blog | 17-08
  • Te Kuiti man imprisoned for images of young children
    A Te Kuiti man caught with pictures of children being sexually abused has been sentenced to ten months imprisonment. Sickness beneficiary Daniel James Parry, 35, appeared for sentence in the Tauranga District Court today (Friday) after pleading guilty...
    Scoop politics | 22-08
  • Japan Maritime Training Squadron visit – Open Day, Band
    • The Japan Maritime Self-Defence Force Training Squadron will make port in Auckland from Wednesday 3 September to Saturday 6 September...
    Scoop politics | 22-08
  • MP Perk Transparency Needed
    The Taxpayers’ Union is slamming the increase in taxpayer-funded entitlements for MPs and their families published on the legislation website this afternoon . Taxpayers’ Union Executive Director Jordan Williams says:...
    Scoop politics | 22-08
  • Debating the future of Auckland’s housing
    With only weeks until the General Election, Auckland’s mounting housing crisis will be put under the spotlight in an Election Debate hosted by the School of Architecture and Planning at the University of Auckland. The debate’s topic “Market forces...
    Scoop politics | 22-08
  • Let’s sort this out – Human Rights Commission
    A Whangarei woman allegedly censured for greeting customers with Kia ora can get in touch with the Human Rights Commission says Race Relations Commissioner Dame Susan Devoy. “We really need to resolve these kinds of issues. I had thought that...
    Scoop politics | 22-08
  • Aged Care Association welcomes Labour’s wages policy
    The New Zealand Aged Care Association welcomes the Labour Party’s announcement that if elected, it will raise the minimum wage for aged care workers within its first 100 days in Government....
    Scoop politics | 22-08
  • Honorary doctorate for Secretary-General of the UN
    An Honorary Doctor of Laws degree is to be bestowed on His Excellency Mr Ban Ki-moon, Secretary-General of the United Nations, by the University of Auckland on Wednesday 3 September, both in recognition of his role as an international statesman...
    Scoop politics | 22-08
  • Surveillance of Mr Upul Jayasuriya
    The New Zealand Bar Association joins the International Bar Association (IBA) and other Law Societies and Bar Associations worldwide over the reported surveillance of Mr Upul Jayasuriya, President of the Bar Association of Sri Lanka....
    Scoop politics | 22-08
  • Bob Parker, China State Media and Tibet Forum
    Former Christchurch mayor was signed up to position statement without his knowledge; observed “happiness” in Tibet as Tibetan protesters elsewhere shot by security forces...
    Scoop politics | 22-08
  • “Walk the talk to reduce the wage gap”
    There’s just a few weeks left to convince the candidates of all political parties that reducing the wage gaps makes good sense....
    Scoop politics | 22-08
  • Digital Currency on the Drawing Board
    Government policies and digital currency ideas and issues will come together at three public workshops next week....
    Scoop politics | 21-08
  • NZ Cycle Trail welcomes $8 million fund
    Government funding of $8 million to maintain and enhance the Great Rides of New Zealand will help ensure the trails are delivering the best possible visitor experience, says Evan Freshwater, Manager Nga Haerenga The New Zealand Cycle Trail Inc. (NZCT)....
    Scoop politics | 21-08
  • Judges Comments Bonkers – McVicar
    Napier Conservative Party Candidate Garth McVicar is accusing a Judge of forgetting that he is the gate-keeper for the community and not a benevolent caregiver for law breakers. "The comments by this Judge are not just alarming, they're completely...
    Scoop politics | 21-08
  • Oxfam: World must suspend arms sales to protect civilians
    As the New Zealand Government prepares to ratify the global Arms Trade Treaty, and after ceasefire talks collapsed and violence erupted yet again in Gaza yesterday, Oxfam is calling on all states to immediately suspend transfers of arms or ammunition...
    Scoop politics | 21-08
  • Degrees in Picking up Rubbish
    Responding to the Fairfax media report of a University of Otago survey of Wellington’s street-connected walkways, Taxpayers’ Union Executive Director Jordan Williams says:...
    Scoop politics | 21-08
  • Another Union row
    “ The teachers union the NZEA is getting ready for another industrial dispute. These disputes now only occur in the government sector. National has no one to blame but themselves” said ACT Leader Dr Jamie Whyte....
    Scoop politics | 21-08
  • Whyte: Speech to Grey Power
    National’s failure to increase the age for super and reform health is a threat to every New Zealander’s security....
    Scoop politics | 21-08
  • Local Govt should not go into business
    “No one should take any comfort from the fact that “Infracon”, a roading company in Tararua and Central Hawke's Bay, is to go into liquidation. This puts the future of more than 200 jobs in doubt. ACT sympathises with those...
    Scoop politics | 21-08
  • Join the hikoi to end child poverty in New Zealand
    CPAG is calling on people across society to join a march from Britomart to Aotea Square in Auckland to demand action on child poverty in Aotearoa....
    Scoop politics | 21-08
  • Ngapuhi Chair Says Enough of the Political Sideshow
    Time for side-shows to end so we can focus on future of our nation – Raniera (Sonny) Tau, Chairman, Te Runanga A Iwi O Ngapuhi...
    Scoop politics | 21-08
  • Commissioner of Police v Kim Dotcom And Ors
    An order is made extending the duration of the registration of the restraining orders issued by the United States District Court for the Eastern District of Virginia on 10 and 25 January 2012 and registered in New Zealand on 18...
    Scoop politics | 21-08
  • Labour Announcement on Future of Hillside Workshops Welcome
    Labour leader David Cunliffe’s announcement in Dunedin today that a government led by his party would re-open Hillside Railway workshops was welcomed by the Rail and Maritime Transport Union (RMTU). ‘Since the workshops were shut down in late...
    Scoop politics | 21-08
  • Primary teachers and principals vote to put kids first
    Teachers and principals have voted overwhelmingly against the Government’s controversial “Investing in Educational Success” policy, including proposed highly-paid principal and teacher roles....
    Scoop politics | 21-08
  • Prime Time with Sean Plunkett: Educating for Success
    In all the turmoil stirred up by the "Dirty Politics" revelations, the real issues that the campaign should be about have been put to one side....
    Scoop politics | 21-08
  • Dirty Politics – Number One Bestseller and Back in Stores
    An exposé of the hidden side of New Zealand politics, Nicky Hager's book, Dirty Politics , has been in hot demand since its release last Wednesday....
    Scoop politics | 21-08
  • Epsom: profiling NZ’s most controversial electorate
    Welcome to the wealthy inner Auckland electorate of Epsom: home of coat-tailing, the Tea Tapes, a convicted outgoing MP... and heavy newspaper and magazine readership....
    Scoop politics | 21-08
  • Families Free From Violence campaign and website
    We are pleased to announce the launch of our Families Free From Violence campaign and our new Families Free From Violence website. This website has been created to encourage people to take responsibility for ending family violence by seeking help...
    Scoop politics | 21-08
  • PSA And DHBs Reach Settlement on Five Collective Agreements
    The 20 District Health Boards are pleased to reach settlement via mediation on five Multi Employer Collective Agreements (MECAs) with the Public Service Association for 12,000 mental and public health nurses, allied, public health and technical staff,...
    Scoop politics | 20-08
  • Refusal to complete census results in 46 convictions
    Failing to fill out a census form has resulted in the convictions of 46 people, Statistics New Zealand said today....
    Scoop politics | 20-08
  • Council Amalgamations Still Bad Deal
    Northland, Bay of Plenty, and Wellington ratepayers should not be seduced into accepting the amalgamation of their Councils by a recent amendment to legislation allowing for local boards not community boards, Chris Leitch, Democrats for Social Credit...
    Scoop politics | 20-08
  • DHB industrial action withdrawn
    The Public Service Association (PSA) has withdrawn notices of industrial action covering 12,000 health workers at District Health Boards (DHBs) across New Zealand, after progress was made in mediation....
    Scoop politics | 20-08
  • Aged Care Pledge Needs Better Target, Says Care Agency
    Labour’s pledge to set up an aged care working group to address industry concerns is good to see, but appears to skirt the obvious issue of a looming lack of beds and carers for our rapidly growing elderly population, says...
    Scoop politics | 20-08
  • Social inequality still rife in New Zealand
    Social inequality has worsened over the past decade in New Zealand, a new study from Victoria University of Wellington shows....
    Scoop politics | 20-08
  • Working towards a living wage and more Māori in paid work
    The Māori Party will build on the gains it has already achieved in Government and accelerate job opportunities particularly for young Māori....
    Scoop politics | 20-08
  • Deepwater Group Supports Changes to Catch Limits
    The Deepwater Group says the increase in the Total Allowable Commercial Catch for hoki shows the benefits of a long term commitment to build biomass in this major New Zealand fishery....
    Scoop politics | 20-08
  • ACT announces Ohariu candidate Sean Fitzpatrick
    “Our Ohariu candidate will be Sean Fitzpatrick. Sean has strong ties to the region and I’m glad to hear he will be doing his best to grow ACT’s party vote in the area,” says Dr Whyte....
    Scoop politics | 20-08
  • ACT announces Tauranga candidate Stuart Pederson
    “Our Tauranga candidate will be Stuart Pedersen. Stuart has strong ties to Tauranga and I’m glad he has agreed to do his best to grow ACT’s party vote in the electorate,” says Dr Whyte....
    Scoop politics | 20-08
  • Green Party scores massive own goal
    Green Party scores massive own goal as their own policy auditor criticises their fiscal plan...
    Scoop politics | 20-08
  • Green Party’s own Auditor of their Budget finds it dodgy
    “The Alternative Budget released by the Green's does not even stack up in the eyes of their chosen auditor – Infometrics” said ACT Leader Dr Jamie Whyte....
    Scoop politics | 20-08
  • New shark finning laws fall short for threatened species
    Environmental groups are welcoming some aspects of a raft of law changes announced today in relation to shark finning, but say that overall the chance for New Zealand to catch up with international efforts in shark conservation is being missed....
    Scoop politics | 20-08
  • Promoting Labour’s Positive Policies
    General Secretary of the New Zealand Labour Party, Tim Barnett, today launched Labour’s television advertisements for the 2014 election. The advertisements help tell Labour’s positive story for a better New Zealand....
    Scoop politics | 20-08
  • Drug Court: Rare Insight into New Alternative Justice Model
    Māori Television’s latest New Zealand documentary presents a fascinating look inside a new alternative justice model – through the stories of convicted criminals....
    Scoop politics | 20-08
  • Political parties pledge to increase overseas aid
    A survey of political parties looking at how much New Zealand should spend on Official Development Assistance (ODA) shows the overwhelming majority of parties are committed to raising the bar according to the Council for International Development (CID)....
    Scoop politics | 20-08
  • Top Kiwis backing Tip the Scales campaign
    Sir Graham Henry, former All Black Kees Meeuws, singer-song writer Jamie McDell and fishing guru Matt Watson have pledged their support to Tip the Scales, a pre-election campaign generating public support for rebuilding New Zealand’s depleted inshore...
    Scoop politics | 20-08
  • Maritime Union continues to press over dirty politics
    Maritime Union National President Garry Parsloe says Ports of Auckland management is trying to get off the hook from its involvement with extreme right wing bloggers during the Ports of Auckland dispute....
    Scoop politics | 20-08
  • No end in sight to overwhelming human cost of conflict
    Two ceasefires have brought some respite to civilians in Gaza and southern Israel, amid hope that a durable cessation of hostilities might occur. In Gaza, these breaks in the fighting have barely given people enough time to seek medical care,...
    Scoop politics | 20-08
  • Young Kiwi speakers to represent NZ at Gallipoli 2015
    The RSA is delighted at the announcement made by Veterans' Affairs Minister Michael Woodhouse today, that all eight regional finalists of the 2015 ANZ RSA Cyril Bassett VC Speech Competition will be included in a group of 25 Youth Ambassadors...
    Scoop politics | 20-08
  • “Bromance” Marriage Stunt Insulting Says LegaliseLove
    A promotional competition asking two best mates to get married in order to win an all-expenses-paid trip to the 2015 Rugby World Cup is insulting, marriage equality campaign LegaliseLove Aotearoa claims....
    Scoop politics | 20-08
  • Cannabis Party first to register for 2014 General Election
    The Aotearoa Legalise Cannabis Party became the first party to register for the 2014 General Election today, when it meet with the Electoral Commission in Wellington at Midday....
    Scoop politics | 20-08
  • PGA: Addresses NZ’s ratification of Arms Trade Treaty
    President of Parliamentarians for Global Action and New Zealand MP Ross Robertson today addressed a celebration to mark New Zealand’s imminent ratification of the Arms Trade Treaty (ATT), which is expected within the next few weeks....
    Scoop politics | 20-08
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