web analytics
The Standard
Advertising

$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

Links to post

Important links

Recent Comments

Recent Posts

  • Boundary changes
    The new electorate boundaries which will govern the election came out yesterday, and I have now had a little time to digest the final changes. Here are my three reactions. 1. Meh One of the nice things about MMP is...
    Polity | 18-04
  • There are no human rights on a dead planet
    Yesterday I spoke at the International Association of Democratic Lawyers congress in Brussels. In the audience there were over 500 hundred progressive lawyers from over 50 countries. Many of these lawyers focus on human rights issues. I called on the...
    Greenpeace NZ blog | 18-04
  • Families before commerce at Easter
    Date of Release: Friday, April 18, 2014Body:  The retail workers’ union has hit back at critics of New Zealand's modest Easter trading restrictions."Some things are more important than going to the mall, and for just three and a half days each...
    First Union Media | 17-04
  • Could this man be Prime Minister of New Zealand?
    If you’re a regular follower of this blog, you’ll know that I have in the past written some pretty scathing posts on Labour’s Shane Jones. Not to put too fine a point on it, I’ve dismissed him not only as...
    Brian Edwards | 17-04
  • Movies, feminism and postfeminism
    So, a confession: I've never really liked biographical movies about women I otherwise admire. I'm not entirely sure why - there's something about the cliches they indulge in, the Hollywood-isation. (She lapses into total vagueness revealing, yet again, that she...
    The Hand Mirror | 17-04
  • Barabbas – An Easter Story
    "All I know is that he died and I live. Maybe it’s what lies at the heart of that day."  “YOU’RE A HARD MAN TO FIND!”, exclaimed the sharp-featured young fellow, setting a jug of wine upon the table. “I’ve...
    Bowalley Road | 17-04
  • Low Traffic Forecast For Costly Warkworth Toll Road
    This is the fourth in a series of posts based on the Campaign for Better Transport’s submission to the Puhoi to Warkworth Board of Inquiry. The full presentation is over at bettertransport.org.nz Previously I pointed out that the NZTA produced...
    Transport Blog | 17-04
  • Mitigation of Climate Change – Part 3 of the new IPCC report
          Guest post by Brigitte Knopf             Global emissions continue to rise further and this is in the first place due to economic growth and to a lesser extent to population growth. To...
    Real Climate | 17-04
  • A message from Greenpeace about Simon Bridges
    I received this email today, from Greenpeace; . Hi Frank, We’ve called for Simon Bridges to be sacked over his incompetent mishandling of the Energy and Resources portfolio. The final straw was him opening the Victoria Forest Park up for...
    Frankly Speaking | 17-04
  • A message from Greenpeace about Simon Bridges
    I received this email today, from Greenpeace; . Hi Frank, We’ve called for Simon Bridges to be sacked over his incompetent mishandling of the Energy and Resources portfolio. The final straw was him opening the Victoria Forest Park up for...
    Frankly Speaking | 17-04
  • Letter to the Editor: John Key and State-sanctioned murder
    . . FROM: "f.macskasy" SUBJECT: Letters to the editor DATE: Thu, 17 Apr 2014 13:56:14 +1200 TO: "Dominion Post" <letters@dompost.co.nz>  . The Editor DOMINION POST . A New Zealand citizen is killed - murdered, to be more precise - by...
    Frankly Speaking | 17-04
  • Letter to the Editor: John Key and State-sanctioned murder
    . . FROM: "f.macskasy" SUBJECT: Letters to the editor DATE: Thu, 17 Apr 2014 13:56:14 +1200 TO: "Dominion Post" <letters@dompost.co.nz>  . The Editor DOMINION POST . A New Zealand citizen is killed - murdered, to be more precise - by...
    Frankly Speaking | 17-04
  • Judith Collins explains
    Judith Collins explains what really happened at that dinner, and why it's no big deal....
    Imperator Fish | 17-04
  • Citibanker: the age of renewables is here
    Kathryn Ryan’s interview earlier this week with Michael Eckhart, Managing Director and Global Head of Environmental Finance and Sustainability at the giant investment bank Citigroup was arresting. He was in New Zealand as a keynote speaker at the Wind Energy...
    Hot Topic | 17-04
  • Media Links: Kiwi killed in drone strike.
    I did interviews on TV 3 and Radio NZ about the drone strike that killed a Kiwi dual citizen in Yemen last year. There are many questions raised by the incident, but time constraints precluded addressing all of them. The...
    Kiwipolitico | 17-04
  • Photo of the Day: Lorne St
    A quick shot of Lorne St in front of the library. It appears Brobdingnagian gardeners have dropped by with some seriously big pot plants. I love them! About the only criticism I every heard about the shared space in Lorne...
    Transport Blog | 17-04
  • National: American lickspittles
    Yesterday we learned that America had murdered a New Zealand citizen in a drone strike in Yemen. Today, the government was closely quizzed about its views on this in Parliament. Steven Joyce (standing in for the PM) was very clear:...
    No Right Turn | 17-04
  • A $130 million gift to the rich
    When the government announced that it was selling off Genesis Energy, it deliberately underpriced it, with a discounted price, generous bonus scheme, and huge dividend. And today that has had the expected result, with Genesis shares leaping almost 20% on...
    No Right Turn | 17-04
  • Defamation via Facebook and ‘a private website’
    This defamation case should be a shot across the bows of various internet wide-boys who think ‘defence of truth’ or ‘opinion honestly held’ is some kind of magic elixir or Get Out of Jail Free card. It’s worth noting the...
    The Paepae | 17-04
  • Water water everywhere, but not a drop to drink
    It is three years and one day since Danyl wrote this blog post about South Canterbury Finance. I was re-reading it today, and something stuck out like a sore thumb: December 2008: SCF undertakes a high risk loan strategy, losing...
    Rebuilding Christchurch | 17-04
  • Access: I Can’t See You, But You Should See Me
    Being lost for words when you’re a talkback host could hardly be considered ideal. But back in September of 1992, I was hosting an evening talkback show on a fledgling radio station in what was then a newly deregulated, highly...
    Public Address | 17-04
  • Judith Collins: guess who’s coming to dinner?
    Judith Collins, Justice Minister, is playing dumb in parliament at question time and avoiding media. Her patronising responses, or non-responses, to allegations of corrupt influence is not becoming of a Cabinet Minister.  Her abuse of the House by criticising questions...
    Tumeke | 17-04
  • Can fracking save the climate?
    Blogging is a great way MPs can communicate and engage with citizens about the issues facing us. I have joined The Daily Blog blogging team and have so far posted on Anadarko’s failure to find oil and a piece outlining...
    frogblog | 17-04
  • New Fisk
    A History of the First World War in 100 moments: A forgotten naval victory in which even Nature played a part...
    No Right Turn | 17-04
  • Labour’s manufacturing plan
    David Cunliffe has launched Labour's policy to get more manufacturing jobs back in New Zealand: Labour leader David Cunliffe launched the policy to an Auckland business audience this morning, adding the depreciation and procurement policies to the known suite of...
    Polity | 17-04
  • Easter PT shutdown
    It’s Easter weekend and that invariably means the rail network is shut down for works. Auckland Transport advises the rail network will be closed for Easter and there are changes to timetables for buses and ferries during the holiday break....
    Transport Blog | 17-04
  • Another perspective on the postgraduate allowance cuts
    I have already shared two stories from psychology students about how the postgraduate allowance cuts have affected them. These stories demonstrate the widespread impact the changes are having. Here is yet another story I have received, this one giving the...
    frogblog | 17-04
  • Against secret "justice" in NZ
    Last year, in response to a series of court cases challenging its control orders or claiming compensation for human rights abuses by its intelligence services, the UK passed the Justice and Security Act 2013. The Act introduces a "Closed Material...
    No Right Turn | 17-04
  • Massey chancellor sets up company in opposition to university
    Massey Chancellor Chris Kelly will chair the board of a company that intends to be New Zealand’s largest private training provider (PTE)...
    TEU | 16-04
  • Gibbs, Hayek, Canterbury and the free market for degrees
    The New Zealand Herald notes that philanthropist Alan Gibbs is about to receive an honorary doctorate from the University of Canterbury today. One of the many institutions Alan Gibbs has donated his money to...
    TEU | 16-04
  • Hard News: Friday Music: Record Store Day
    As readers will know, I have long embraced the internet music revolution. The ability to discover and download new things pretty much as they're being made has reinvented and refreshed my lifelong relationship with popular music. But I still really...
    Public Address | 16-04
  • Great Sorkin Parody
    Aaron Sorkin (SportsNight, The West Wing, The Newsroom) makes a very particular style of TV. Some good parts to that, some really silly parts. Amy Schumer' Comedy Central parody of Sorkin is pitch-prefect and hilarious. Enjoy: Inside Amy SchumerGet More:...
    Polity | 16-04
  • Photographic proof
    Deborah asked for a picture of my bicycle, after I wrote about it, and there is now one in existence which even includes me riding it along Mt Albert Rd, thanks to a dear friend who drove past me and...
    The Hand Mirror | 16-04
  • Our future lies in science
    This is not a column on global warming, climate change or whether humans are or aren’t having an impact....
    Pundit | 16-04
  • Gordon Campbell on drone strikes and Judith Collins‘ last stand
    Reportedly, US drone operators refer to their kills as “bug splat” – mainly because when the carnage is viewed on their screens thousands of kilometres away at home, it looks like an insect strike on a windscreen. The name has...
    Gordon Campbell | 16-04
  • Revealed: Steven Joyce’s select committee submission
    Dear Education Select Committee, Well, there are less than two weeks for people to get their submissions in to you on my proposals to remove staff and students from university and wānanga councils. You...
    TEU | 16-04
  • World News Brief, Thursday April 17
    Top of the AgendaTensions Rise in Ukraine’s East Ahead of Talks...
    Pundit | 16-04
  • Northern Europe looks to end fixed-term agreements for academics
    Long strings of fixed term employment agreements are not just a problem here in New Zealand but Sweden too, according to Education International. But the Swedish Association of University Teachers (SULF) has a plan to solve this. It is turning...
    TEU | 16-04
  • At Last: A Manufacturing Policy
    Date of Release: Thursday, April 17, 2014Body:  FIRST Union congratulates Labour on the release of its Manufacturing policy today.The union represents workers in the wood, food and textile manufacturing sectors. “In a week that has seen another manufacturing company, Christchurch Yarns, go into...
    First Union Media | 16-04
  • Collins: More contemptible lying
    Yesterday, Judith Collins treated New Zealand's media and people as if we were all complete fools. Here is what she said (via this morning's Herald): Ms Collins said she was unaware Oravida was having any problems getting its products into...
    Polity | 16-04
  • The Downside of Park and Ride
    Flicking back through older Atlantic Cities posts led to one from last year about Park and Ride catching my eye. It’s a fairly well reasoned cautionary tale which highlights the pitfalls and potential perverse outcomes from something that would appear...
    Transport Blog | 16-04
  • Heartland logic: More people have heard of Fidel Castro than Michael Mann, ...
    This is a guest post from Narahani.   Or is happening and is good for you, or has stopped happening, or is caused by CO2 but only a little, or is about to reverse due to lots of yet-to-be-discovered negative...
    Skeptical Science | 16-04
  • Submission
    Below is my draft submission on the Environmental Reporting Bill. I'm primarily interested in the freedom of information issues; I expect other groups to be focused on the reporting itself. I support the aims of the Environmental Reporting Bill of...
    No Right Turn | 16-04
  • Government’s ‘rock star economy’ throws hospital staff ou...
    The Public Service Association says administrative staff at hospitals around the country are missing out on Bill English’s ‘rock star...
    PSA | 16-04
  • Lip service: it’s all climate action ever gets from Key & Co
    As expected, the New Zealand government’s response to the IPCC’s Working Group 3 report on mitigating climate change pays lip service to the science, while maintaining that NZ is doing all that can be expected. Climate change minister Tim Groser’s...
    Hot Topic | 16-04
  • Progress of FCV “slave ships” Bill is good news – but much work remai...
    The Maritime Union of New Zealand says the progress of the “slave ships” Bill in the New Zealand Parliament is good news – but much work remains to be done....
    MUNZ | 16-04
  • Judith Collins’ reputation dependent on Slater’s scandals
    Judith Collins' reputation as the possible next leader of the National party is in shreds. Her reputation as a minister of the crown in the Key owned National party caucus is in tatters. A resignation is the only honorable thing...
    the Irascible Curmudgeon | 16-04
  • Photo of the Day: Red III
    Learning Your Stripes, 2013, Regan Gentry, Papatoetoe. Commissioned by Auckland Council aer  ...
    Transport Blog | 16-04
  • The cost of tax cheats
    How much do corporate tax cheats cost? In the US, over US$180 billion a year:US taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals...
    No Right Turn | 16-04
  • Cats cavorting through capital – Morgan
    The capital’s cats are cavorting through Wellington properties at a rate of 49 million trespasses a year, according to a new study by anti-cat campaigner Gareth Morgan. Island Bay and the rest of the Southern Ward turned out to be...
    Gareth’s World | 16-04
  • Power prices soar on the eve of winter
    On the eve of winter as New Zealanders are turning on their heaters, power prices have soared sky high, Labour’s Energy spokesperson David Shearer says. “Energy Minster Simon Bridges claimed in Parliament that prices were estimated to rise 2.4 per...
    Labour | 18-04
  • Workers can kiss goodbye to Easter Sunday off
    The Government’s decision to “reprioritise” scarce labour inspector resources by abandoning the enforcement of Easter Sunday Shop Trading laws means workers can kiss goodbye to a guaranteed day off, says Labour’s Associate Labour Issues spokesperson Darien Fenton. “The Labour Minister...
    Labour | 18-04
  • Businesses need to respect workers this Easter
    Businesses intent on flouting Easter shopping laws should face stiff penalties, Green Party industrial relations spokesperson Denise Roche said today. This Easter, at least one major garden centre chain intends to open on Good Friday despite this being in breach...
    Greens | 17-04
  • Time to deliver on 26 weeks Paid Parental Leave
    Today marks two years since Labour MP Sue Moroney's Bill extending paid parental leave to 26 weeks was drawn from the members' ballot. “It’s time the Government acted in the interests of families,” Sue Moroney says. “National has tried every...
    Labour | 17-04
  • Taxpayers robbed of $130m in Genesis sale
    Kiwi taxpayers have been robbed of $130 million by the Government in its final failed asset sale, says Labour’s SOEs spokesperson Clayton Cosgrove. “National set the price for Genesis far too low in a desperate attempt to beef up demand....
    Labour | 17-04
  • Work visa problems need monitoring
    The Government is handing out temporary work visas to migrants to work in jobs that could easily be filled by unemployed Kiwi workers in the Christchurch rebuild, says Darien Fenton, Labour’s Associate Immigration spokesperson. “In the past 12 months, temporary...
    Labour | 17-04
  • Resignation rates among cops soar
    The number of frontline officers quitting the police force is at a four-year high, with more than 350 walking off the job in the past year, Labour’s Police spokesperson Jacinda Ardern says. “Since 2009 resignation rates among sworn staff have...
    Labour | 17-04
  • Service for victims of sexual violence pushed out in cold
    The Green Party is calling on Housing New Zealand to revisit its decision to evict an essential community organisation in Christchurch with only eight weeks notice.Yesterday at the Select Committee inquiry into funding for sexual violence support services the organisation...
    Greens | 17-04
  • Legal high ban worthy of wider pick-up
    Auckland Council’s ban on using legal highs in a public place is an excellent idea that should be replicated around New Zealand, says Labour’s Associate Health Spokesperson Iain Lees-Galloway. “Auckland Council has implemented a by-law banning the use of psychoactive...
    Labour | 17-04
  • Smith sells state P-houses to first home buyers
    Nick Smith must reassure worried first home buyers that any Housing NZ houses sold under his First Home policy will be tested for P contamination after revelations that three out of seven properties sold in Wanganui tested positive for methamphetamine,...
    Labour | 17-04
  • PM’s China visit assisted Oravida, not Fonterra
    Questions must now be asked whether it was Fonterra or Oravida who really benefited from the Prime Minister’s recent visit to China, Labour’s Primary Industries spokesperson Damien O’Connor says. “Before his departure, John Key said he would wait until all...
    Labour | 16-04
  • New Zealand’s use of ozone depleting gases increases
    A new Government report highlights that the amount of ozone depleting gases New Zealand is using is increasing, the Green Party said today.The report tabled in Parliament yesterday shows that total use of ozone depleting gases in New Zealand has...
    Greens | 16-04
  • Manufacturing Upgrade
    Labour is determined to support and grow our manufacturing sector. These policies grew out of the findings of the 2013 Parliamentary Inquiry into Manufacturing.  ...
    Labour | 16-04
  • Collins must admit misleading Parliament
    ACC Minister Judith Collins must front up and admit she has misled Parliament over ACC’s policy to stop paying compensation to clients who refused to fill in its privacy form, Labour’s ACC spokesperson Iain Lees-Galloway says. “Judith Collins claimed Labour...
    Labour | 16-04
  • English confirms he has no plan to raise wages
    Finance Minister Bill English has confirmed he has absolutely no plans to lift wages, Labour’s spokesperson on Labour Issues, Andrew Little says. “Bill English told the Chamber of Commerce yesterday that workers could expect a rise in average income of...
    Labour | 16-04
  • Govt careless and callous about threatened birds
    The National Government is increasing the threat to two of the world's most threatened and unique birds by opening up Victoria Forest Park to petroleum drilling, the Green Party said today.Scientists have recently published a ranking of the 100 most...
    Greens | 16-04
  • Genesis: The biggest fire sale of them all
    National has finished its asset sales with a massive bonfire of a fire sale, showing once and for all how much of a disaster this programme was, says Labour’s SOEs spokesperson Clayton Cosgrove. “Just 68,000 Kiwis bought shares in Genesis,...
    Labour | 16-04
  • Interest rates rise but only smokes increasing
    Mortgage rate rises are making life harder for homeowners, and many of them will be surprised the latest CPI figures show inflation would be zero were it not for tobacco tax hikes, says Labour’s Finance spokesperson David Parker. “New Zealanders...
    Labour | 16-04
  • Term One Report Card for Hekia Parata
    Assignment Teacher’s Comments Grade      ...
    Labour | 16-04
  • Hekia Parata kept exam book errors from schools
    Schools will be appalled to learn Education Minister Hekia Parata knew since January that hundreds of exam booklets had been returned to the wrong students but said nothing about it, Labour’s Education Spokesperson Chris Hipkins says. “Exams are stressful enough...
    Labour | 15-04
  • What has ACC Minister been doing?
    The ACC Minister needs to front up and explain what, if any, changes she has made to the broken culture of ACC rather than denying that she has any part to play in the dysfunction of her Ministry, the Green...
    Greens | 15-04
  • Promise of jam tomorrow takes the cake
    A claim by Minister of Finance Bill English that average wages will climb by $7,500 over the next four years is a cynical promise of jam tomorrow by a government whose record on wage growth is atrocious, Labour spokesperson on...
    Labour | 15-04
  • Judith Collins has to fess up on ACC blunder
    ACC Minster Judith Collins must front up and tell New Zealand how many people who refused to hand over their private details to ACC have been denied cover, says Labour’s ACC Spokesperson Iain Lees-Galloway. “The legality of ACC’s privacy waver,...
    Labour | 15-04
  • Board of Inquiry conditions will save rivers in New Zealand
    The Ruataniwha dam decision released today has protected the Tukituki River and dashed the Government’s hope of the “one nutrient model” (TRIM) being adopted nationwide, says Labour’s Conservation spokesperson Ruth Dyson. “It is a massive victory for those in the...
    Labour | 15-04
  • Labour turns wheels for cycling safety
    With more than a million New Zealanders now using cycling as an attractive alternative means of transport it is past time their safety was taken seriously, Labour’s Transport spokesperson Darien Fenton says. Due to speak to a cycling rally at...
    Labour | 15-04
  • SPEECH: Institute of Directors
    LEADING AND MANAGING OUR ECONOMIC FUTURE David Cunliffe MP, Labour Leader Speech to the Institute of Directors 15 April 2014, Auckland It's a privilege to be speaking here. The Institute of Directors has a proud history of developing New Zealand's...
    Labour | 15-04
  • More Oravida endorsements from John Key
    The use of a picture of John Key in an advertisement for Oravida’s scampi products in a Chinese airline magazine is further evidence of an unhealthily cosy relationship between the National Party and this company, Labour Leader David Cunliffe says....
    Labour | 15-04
  • Workers at Canterbury Yarns need redundancy support
    Workers faced with redundancy at Canterbury Yarns need a redundancy support co-ordinator, Green Party industrial relations spokesperson Denise Roche said today.Last week, Canterbury Yarns was placed in receivership. Canterbury Yarns joins a long list of New Zealand manufacturers who have...
    Greens | 14-04
  • Making the holidays easier for Kiwi drivers
    The next Labour Government will make the holidays easier and journeys quicker for Kiwi families driving on the roads, says Labour Leader David Cunliffe. “There’s nothing Kiwis like more than getting on the road and going on holiday. But on...
    Labour | 14-04
  • Ae Marika! 15 April 2014
    Our MANA AGM down in Rotorua on the weekend was a sold-out affair – even the media were struggling to get in! Political conferences can be very dull, but not this one. We had a great line-up of speakers including...
    Mana | 14-04
  • Green light from Labour for cancer screening programme
    Labour Leader David Cunliffe has today committed to a national bowel screening programme, starting with extending the current service to the Southern and Waikato districts. “Around 3000 New Zealanders develop bowel cancer each year and about 1200, or 100 a month,...
    Labour | 14-04
  • Adequate resourcing needed for victims’ advocate
    The establishment of a victims’ commissioner role will only be meaningful if it is properly resourced to do the job of advocating for victims’ interests, Labour Justice spokesperson Andrew Little says. Justice Minister Judith Collins has just recently indicated her...
    Labour | 13-04
  • IPCC report shows Government ignoring climate experts
    The Intergovernmental Panel on Climate Change's (IPCC) report into climate mitigation, just released in Berlin, shows the National Government is ignoring the pleas of the world's best climate scientists.The report says deep and fast emission cuts are vital from all...
    Greens | 13-04
  • Japan’s quick turnaround on whaling disappointing
    News that Japan plans to recommence some form of “scientific” whaling programme so quickly after the International Court of Justice’s ruling against it is very disappointing, says David Shearer, Labour’s Foreign Affairs spokesperson. “New Zealanders expected the ICJ ruling -...
    Labour | 13-04
  • Reviewable tenancies will increase risks for vulnerable children
    Instead of kicking families out of their homes if they can pay their rent, parents with young children should have the opportunity to purchase equity in a state-built home over time, the Green Party said todayFrom July, Housing New Zealand...
    Greens | 13-04
  • 48,000 New Zealanders drinking faecally contaminated water
    Some 48,000 people were provided with water that had issues with faecal contamination, 18,000 of whom were from Canterbury, the Green Party said today. The Ministry of Health's Annual Report on Drinking-Water in New Zealand for 2012/13 shows that 48,000...
    Greens | 12-04
  • Labour will move to save the Kauri
    Labour will spend $20 million over the next 10 years to stop the spread of Kauri dieback disease, says Labour Leader David Cunliffe. “We are facing an ecological disaster with over 11 per cent of the Kauri trees in the...
    Labour | 12-04
  • SPEECH: Saving our Kauri
    Seech notes Good morning. Thank you for joining us here today. As a West Auckland MP I am very aware the kauri is an important part of this place. The Waitakere Ranges with their thousands of kauri, are a taonga....
    Labour | 12-04
  • MANA to continue negotiations with the Internet Party
    The MANA AGM has decided unanimously tonight to continue negotiaitions with the Internet Party. Within a month further negotiations, further consultation with MANA branches and a final decision on whether to proceed with a relationship is expected....
    Mana | 12-04
  • National’s tax dodge
      National’s insistence that it is cracking down on tax dodgers is little more than a bit of election year chest beating, Labour Leader David Cunliffe says. “Revenue Minister Todd McClay surely doesn’t believe collecting $100 million of an estimated...
    Labour | 12-04
  • Housing prices go up – Gens X & Y give up
    Today’s REINZ report shows house prices continue skyward while first home buyers are dropping out of the market, says Labour’s housing spokesperson Phil Twyford. “According to the Real Estate Institute of New Zealand the national median house price has risen...
    Labour | 11-04
  • Do Key and Adams support Chorus appeal?
    John Key and Amy Adams must tell New Zealanders whether they support Chorus’ appeal of the High Court’s ruling in favour of the Commerce Commission, says Labour Leader David Cunliffe. “Chorus’ appeal is a waste of time. The company is...
    Labour | 11-04
  • Is Judith Collins unapologising
    Judith Collins appears to have retracted her apology for failing to disclose her meeting with her husband’s fellow company directors and a senior Chinese border control official just weeks after being ticked off by John Key for not doing so, Labour...
    Labour | 11-04
  • Media Advisory
    There have been a few minor changes to the MANA AGM agenda. Moana Jackson is unable to attend due to family commitments. Speaking in his place on Saturday morning MANA is pleased to welcome Georgina Beyer and Willie Jackson. MANA...
    Mana | 10-04
  • Green Party requests inquiry into Peter Dunne and Trust
    Green Party MP Denise Roche today wrote to the Parliamentary Registrar of Pecuniary Interests requesting an inquiry into whether Peter Dunne should have included his involvement as chair of the Northern Wellington Festival Trust on the Register of Pecuniary Interests...
    Greens | 10-04
  • Veterans short-changed
    The Veterans’ Support Bill reported back to Parliament today rejects a key recommendation of the Law Commission Review on which it is based and ignores the submissions of veterans and the RNZRSA, says Labour’s Veterans’ Affairs Spokesperson, Phil Goff. “A...
    Labour | 10-04
  • Tribute for Maungaharuru- Tangitu settlement
    Labour Member of Parliament for Ikaroa-Rāwhiti, Meka Whaitiri paid tribute to Maungaharuru-Tangitu today as their Treaty of Waitangi settlement became law. “The Bill acknowledges Treaty breaches that left Maungaharuru-Tangitu virtually landless. Today we were reminded of the history, mamae, loss...
    Labour | 10-04
  • Neglected rural and regional roads will cost more lives
    The government must take urgent action to prevent more accidents to truck drivers and other road users of increased logging trucks on neglected roads, says Darien Fenton, Labour’s Transport spokesperson. “The dangers to drivers and other road users in the...
    Labour | 10-04
  • Judith Collins’ refusal to answer a disgrace
    If John Key is holding his Ministers to any standards at all, he must make Judith Collins answer questions about the senior Chinese official she met during her taxpayer-funded visit to China last October, Labour MP Grant Robertson says. “Judith...
    Labour | 10-04
  • Ryall needs to heed hospital workforce issues
    The public health workforce, the same one Tony Ryall argues is making a lot of progress is facing increased pressure and staff burnout through his continued shuffling of the deckchairs, Labour’s Health spokesperson Annette King says. “Mr Ryall uses all...
    Labour | 10-04
  • That Sinking Feeling: Labour’s urgent need for persuasive words and coura...
    THE LATEST ROY MORGAN POLL has Labour on 28.5 percent (down 3.5 percent) and the Greens on 11.5 percent (down 1.5 percent). At 40 percent, the combined vote of the two main centre-left parties has fallen 5 percentage points since...
    The Daily Blog | 18-04
  • Why the Labour movement should support a Universal Basic Income
    The Mana movement’s support of the idea of a universal basic income is a welcome development. It could become one of the litmus issues that define the party and prove extremely popular. If Mana are in a position to do...
    The Daily Blog | 18-04
  • Legal high and cannabis regulation
    I marched through Henderson last month with my fellow Westies to express our concern about the impact of so called “legal highs” on our community. Some people chanted loudly calling for banning, some expressing anger at the parliamentarians who voted...
    The Daily Blog | 18-04
  • Know your Tory fellow travellers and ideologues: John Bishop, Taxpayers Uni...
    . . On 19 March, I reported on the Board members of the so-called “Taxpayers Union”. With one exception, every single member of the Taxpayers Union Board was a current (or recent) card-carrying member or supporter of the National and/or...
    The Daily Blog | 17-04
  • GUEST BLOG: Daniel Bruce – Internet Party: What Seems Ridiculous To The O...
    Imagine you’re a 18-21 year old, from a working class family. You’ve never had a landline phone at home, because your parents can’t afford the fixed monthly bills, so everyone in your familiy has a pre-pay mobile phone. Because of the same tight...
    The Daily Blog | 17-04
  • Greens to push for housing standards in MOU with Government
    Source: Green Party – Press Release/Statement: Headline: Greens to push for housing standards in MOU with Government Tuesday, 28 Aug 2012 | Press Release We don’t need any more official reports. We know the problem and we have the plans....
    The Daily Blog | 17-04
  • Mighty River squanders $3.8m preparing for sale
    Source: Green Party – Press Release/Statement: Headline: Mighty River squanders $3.8m preparing for sale Tuesday, 28 Aug 2012 | Press Release New Zealanders do not want asset sales and they do not want the Government wasting millions of dollars on...
    The Daily Blog | 17-04
  • Government’s economic agenda on shaky ground
    Source: Green Party – Press Release/Statement: Headline: Government’s economic agenda on shaky ground Monday, 27 Aug 2012 | Press Release Instead of betting on a boom and bust industry and selling off assets the government needs to invest in a...
    The Daily Blog | 17-04
  • National’s tax cuts haven’t cut tax avoidance
    Source: Green Party – Press Release/Statement: Headline: National’s tax cuts haven’t cut tax avoidance Sunday, 26 Aug 2012 | Press Release It is not fair that many rich New Zealanders are cheating on their tax. National’s 2010 tax cuts, that...
    The Daily Blog | 17-04
  • Waitangi Tribunal report adds to crisis in asset sales agenda
    Source: Green Party – Press Release/Statement: Headline: Waitangi Tribunal report adds to crisis in asset sales agenda Friday, 24 Aug 2012 | Press Release In its rush to sell our assets, National has found itself in a crisis of its...
    The Daily Blog | 17-04
  • Privacy across all departments needs checking
    Source: Green Party – Press Release/Statement: Headline: Privacy across all departments needs checking Friday, 24 Aug 2012 | Press Release “People don’t have a choice about giving their information to the state so the Government has an absolute duty to...
    The Daily Blog | 17-04
  • Reports show Government role in driving ACC dysfunction
    Source: Green Party – Press Release/Statement: Headline: Reports show Government role in driving ACC dysfunction Thursday, 23 Aug 2012 | Press Release Restoring public trust and confidence is an essential goal and will require very major change starting from the...
    The Daily Blog | 17-04
  • Government must front up on full costs of asset sales
    Source: Green Party – Press Release/Statement: Headline: Government must front up on full costs of asset sales Thursday, 23 Aug 2012 | Press Release It’s time for the Government to front up over just how much these asset sales are...
    The Daily Blog | 17-04
  • New report: middle NZ worse off, inequality grows
    Source: Green Party – Press Release/Statement: Headline: New report: middle NZ worse off, inequality grows Thursday, 23 Aug 2012 | Press Release Our society has never been as unequal as it is today. New research from the Ministry of Social...
    The Daily Blog | 17-04
  • Government to delay addressing climate change indefinitely
    Source: Green Party – Press Release/Statement: Headline: Government to delay addressing climate change indefinitely Thursday, 23 Aug 2012 | Press Release “It would be a shock for any other Government to introduce such a self-defeatist piece of legislation but unfortunately...
    The Daily Blog | 17-04
  • Time to deliver on 26 weeks Paid Parental Leave
    Source: Labour Party – Press Release/Statement: Headline: Time to deliver on 26 weeks Paid Parental Leave Today marks two years since Labour MP Sue Moroney’s Bill extending paid parental leave to 26 weeks was drawn from the members’ ballot. “It’s...
    The Daily Blog | 17-04
  • Taxpayers robbed of $130m in Genesis sale
    Source: Labour Party – Press Release/Statement: Headline: Taxpayers robbed of $130m in Genesis sale Kiwi taxpayers have been robbed of $130 million by the Government in its final failed asset sale, says Labour’s SOEs spokesperson Clayton Cosgrove. “National set the...
    The Daily Blog | 17-04
  • Service for victims of sexual violence pushed out in cold
    Source: Green Party – Press Release/Statement: Headline: Service for victims of sexual violence pushed out in cold Thursday, 17 Apr 2014 | Press Release Christchurch cannot afford to lose this agency The Green Party is calling on Housing New Zealand...
    The Daily Blog | 17-04
  • Resignation rates among cops soar
    Source: Labour Party – Press Release/Statement: Headline: Resignation rates among cops soar The number of frontline officers quitting the police force is at a four-year high, with more than 350 walking off the job in the past year, Labour’s Police...
    The Daily Blog | 17-04
  • Work visa problems need monitoring
    Source: Labour Party – Press Release/Statement: Headline: Work visa problems need monitoring The Government is handing out temporary work visas to migrants to work in jobs that could easily be filled by unemployed Kiwi workers in the Christchurch rebuild, says...
    The Daily Blog | 17-04
  • Legal high ban worthy of wider pick-up
    Source: Labour Party – Press Release/Statement: Headline: Legal high ban worthy of wider pick-up Auckland Council’s ban on using legal highs in a public place is an excellent idea that should be replicated around New Zealand, says Labour’s Associate Health...
    The Daily Blog | 17-04
  • Smith sells state P-houses to first home buyers
    Source: Labour Party – Press Release/Statement: Headline: Smith sells state P-houses to first home buyers Nick Smith must reassure worried first home buyers that any Housing NZ houses sold under his First Home policy will be tested for P contamination...
    The Daily Blog | 17-04
  • Brazil: Human rights under threat ahead of the World Cup
    Source: Amnesty International NZ – Press Release/Statement: Headline: Brazil: Human rights under threat ahead of the World Cup     Protests in Brazil:Brazil Franciscan friar kneels in front of Brazilian riot police officers asking for calm during confrontation with Landless...
    The Daily Blog | 16-04
  • Brazil: Human rights under threat ahead of the World Cup
    Source: Amnesty International NZ – Press Release/Statement: Headline: Brazil: Human rights under threat ahead of the World Cup     Protests in Brazil:Brazil Franciscan friar kneels in front of Brazilian riot police officers asking for calm during confrontation with Landless...
    The Daily Blog | 16-04
  • Libya: Trial of former al-Gaddafi officials by video link a farce
    Source: Amnesty International NZ – Press Release/Statement: Headline: Libya: Trial of former al-Gaddafi officials by video link a farce     Saif al-Islam al-Gaddafi will face the courts on 14 April. © IMED LAMLOUM/AFP/Getty Images         Read...
    The Daily Blog | 16-04
  • Libya: Trial of former al-Gaddafi officials by video link a farce
    Source: Amnesty International NZ – Press Release/Statement: Headline: Libya: Trial of former al-Gaddafi officials by video link a farce     Saif al-Islam al-Gaddafi will face the courts on 14 April. © IMED LAMLOUM/AFP/Getty Images         Read...
    The Daily Blog | 16-04
  • Algeria: Pre-election clampdown exposes ‘gaping holes’ in human rights ...
    Source: Amnesty International NZ – Press Release/Statement: Headline: Algeria: Pre-election clampdown exposes ‘gaping holes’ in human rights record     Freedom of expression, association and assembly are under threat ahead of elections in Algeria. © FAROUK BATICHE/AFP/Getty Images    ...
    The Daily Blog | 16-04
  • Algeria: Pre-election clampdown exposes ‘gaping holes’ in human rights ...
    Source: Amnesty International NZ – Press Release/Statement: Headline: Algeria: Pre-election clampdown exposes ‘gaping holes’ in human rights record     Freedom of expression, association and assembly are under threat ahead of elections in Algeria. © FAROUK BATICHE/AFP/Getty Images    ...
    The Daily Blog | 16-04
  • Viet Nam: Prisoners of conscience released but dozens remain jailed
    Source: Amnesty International NZ – Press Release/Statement: Headline: Viet Nam: Prisoners of conscience released but dozens remain jailed     Vietnamese activist Nguyen Tien Trung was one of the prisoners of conscience released this week. © Private      ...
    The Daily Blog | 16-04
  • Viet Nam: Prisoners of conscience released but dozens remain jailed
    Source: Amnesty International NZ – Press Release/Statement: Headline: Viet Nam: Prisoners of conscience released but dozens remain jailed     Vietnamese activist Nguyen Tien Trung was one of the prisoners of conscience released this week. © Private      ...
    The Daily Blog | 16-04
  • PM’s China visit assisted Oravida, not Fonterra
    Source: Labour Party – Press Release/Statement: Headline: PM’s China visit assisted Oravida, not Fonterra Questions must now be asked whether it was Fonterra or Oravida who really benefited from the Prime Minister’s recent visit to China, Labour’s Primary Industries spokesperson...
    The Daily Blog | 16-04
  • New Zealand’s use of ozone depleting gases increases
    Source: Green Party – Press Release/Statement: Headline: New Zealand’s use of ozone depleting gases increases A new Government report highlights that the amount of ozone depleting gases New Zealand is using is increasing, the Green Party said today. The report...
    The Daily Blog | 16-04
  • The issues behind the possible MANA-Internet Party Alliance
      Last weekend Kim Dotcom spoke at MANAs AGM to discuss the possibility of the Internet Party and MANA Party working together to defeat John Key this election. As someone who knows both Hone and Kim, I have a unique...
    The Daily Blog | 16-04
  • Manufacturing Upgrade
    Source: Labour Party – Press Release/Statement: Headline: Manufacturing Upgrade   Labour is determined to support and grow our manufacturing sector. These policies grew out of the findings of the 2013 Parliamentary Inquiry into Manufacturing.   – The claims and opinions...
    The Daily Blog | 16-04
  • Get work on 29th and the ANZAC spirit deserts the TPPA
      Groser and co would have been spitting tacks last week as the ANZAC spirit deserted the TPPA negotiations. Australia has done a deal directly with Japan which undercuts the demand for Japan to opening all agriculture in the TPPA....
    The Daily Blog | 16-04
  • No fracking solution to climate change
    Some British tabloids and oil lobbyists have jumped on comments made by an Intergovernmental Panel on Climate Change author that fracking could play a role in addressing climate change as an argument for it here in Aotearoa, so is fracking...
    The Daily Blog | 16-04
  • At Last: A Manufacturing Policy
    Source: First Union – Press Release/Statement: Headline: At Last: A Manufacturing Policy Date of Release:  Thursday, April 17, 2014 Body:  FIRST Union congratulates Labour on the release of its Manufacturing policy today. The union represents workers in the wood, food and...
    The Daily Blog | 16-04
  • Drone murder of New Zealander “justified” by Prime Minister
    Yesterday Prime Minister John Key justified the extrajudicial killing of a New Zealander in a US drone strike in Yemen with a few cynical, callous words at a stand-up press conference. Key said he’d been briefed by our spy agencies...
    The Daily Blog | 16-04
  • Secret Policeman’s Ball
      Amnesty International’s Secret Policeman’s Ball is back in New Zealand for one night of some of the best stand-up comedy from both national and international comics The freedom to provoke and in some cases offend is essential to the...
    The Daily Blog | 16-04
  • So the US has assassinated a NZ citizen – what did Key know?
    A non judicial assassination by the US on a NZ citizen raises questions. Key made the idea that NZers were training with terrorists part of his farcical defence for the GCSB mass surveillance legislation. I say farcical because even if...
    The Daily Blog | 16-04
  • Something Better Than Something Worse: Why John Key could become our longes...
    IN HIS MEMORABLE holiday-home encounter with the host of Campbell Live, the Prime Minister, John Key, did not rule out running for a fourth term. Were he to be successful, the long-standing record of Sir Keith Holyoake (11 years and 2...
    The Daily Blog | 16-04
  • GUEST BLOG: RIO TINTO WINS 2013 ROGER AWARD
      Sky City Casino Second, Chorus Third  The seven finalists for the 2013 Roger Award for the Worst Transnational Corporation Operating in Aotearoa/New Zealand were: ANZ, Chorus, IAG Insurance Group, Imperial Tobacco, Rio Tinto, Sky City Casino and Talent 2. The criteria for judging are...
    The Daily Blog | 16-04
  • National drowning in an ocean of poisoned milk
    It is becoming difficult to keep up with which National Party MP is bleeding the most at the moment. Simon Bridges is being crucified by Whaleoil almost as much as Greenpeace are attacking him, suggesting Cam is seizing the moment...
    The Daily Blog | 16-04
  • Want to get rid of synthetic cannabis? Legalize real cannabis
    Have we managed to appreciate the madness that synthetic cannabis is legal yet more harmful than organic cannabis which is illegal? I find the current moral panic over synthetic cannabis difficult to become concerned with when alcohol is FAR more...
    The Daily Blog | 16-04
  • Save our homes – stop the evictions!
    “We will keep on fighting because it frightens me to think my grandchildren could become homeless,” Tere Campbell told me. Tere is a member of Tamaki Housing Group. In September 2011, tenants in 156 state homes in Glen Innes received...
    The Daily Blog | 15-04
  • The daily humiliation of women and the constant policing and shaming of our...
    The last few months have been particularly bad for the shaming and policing of women’s bodies in the media, both in New Zealand and globally. First we had NZ Newstalk ZB presenter Rachel Smalley referring to women weighing over 70kgs...
    The Daily Blog | 15-04
  • A case study of racism by Police at Auckland Airport
    A couple of days ago I returned from Samoa after attending a family matter and some contract work. Spending a few days in the warmth of our homeland was welcome relief from the cold weather starting to make its presence...
    The Daily Blog | 15-04
  • An acute shortage of emergency youth housing
    The housing crisis is effecting everyone in Christchurch but some are more vulnerable than others. Recently I attended a workshop on emergency youth housing hosted by the 298 Youth Health Centre, who I worked for from 2001-2003. Over fifty people...
    The Daily Blog | 15-04
  • The Oceans Issue
    The ‘Earth’ is 71% water but our oceans are the last frontier. The oceans are huge, relatively unexplored, full of weird and wonderful diversity. In New Zealand we’re never far from the sea, and our identity, our landscapes, our communities,...
    The Daily Blog | 15-04
  • Fear of South Auckland
    Fear of South Auckland...
    The Daily Blog | 15-04
  • Global unions applaud NZ ‘slave ships’ progress
    Global unions the ITF (International Transport Workers' Federation) and IUF (International Union of Food, Agricultural and Hospitality Workers) today applauded the steps forward made in preventing often shocking abuse of crews on fishing vessels in New Zealand...
    Scoop politics | 17-04
  • Families before commerce at Easter
    Families before commerce at Easter The retail workers’ union has hit back at critics of New Zealand's modest Easter trading restrictions. "Some things are more important than going to the mall, and for just three and a half days each...
    Scoop politics | 17-04
  • Easter trading laws archaic, in need of overhaul
    Press release: ACT New Zealand Easter trading laws are outdated and in need of a major overhaul, said ACT leader Jamie Whyte today....
    Scoop politics | 17-04
  • ALCP welcomes Campbell Live poll result
    The Aotearoa Legalise Cannabis Party welcomes last night's Campbell Live poll, saying it is an overdue reality check for public opinion on personal cannabis use....
    Scoop politics | 17-04
  • Q+A This Week 20/4/14
    Q+A This Week SUNDAY 20 APRIL, 9AM ON TV ONE The latest on the US-NZ relationship from the US military’s top man in the Pacific, Admiral Samuel J. Locklear . Deputy Political Editor Michael Parkin asks him whether we’re allies,...
    Scoop politics | 17-04
  • Community detention for pokie theft
    A 67-year-old former company director, convicted of stealing pokie machine profits, was today sentenced to six months community detention, 160 hours of community work and ordered to make reparation of $6,000....
    Scoop politics | 17-04
  • Waitangi National Trust Board Amendment Bill
    The Māori Affairs Committee is inviting public submissions on this bill. The closing date for submissions is Wednesday, 14 May 2014....
    Scoop politics | 17-04
  • Collaboration stops drugs from crossing borders
    Collaboration between Hong Kong and New Zealand Customs has stopped millions of dollars worth of drugs coming into New Zealand this year, with a number of seizures and arrests in both countries....
    Scoop politics | 17-04
  • Call for public enquiry into the future of farming
    Fish & Game NZ is calling for a public enquiry “to examine the future of agriculture in New Zealand”....
    Scoop politics | 17-04
  • Comment on Labour Policy Announcement by NZMEA President
    “This policy release from the Labour Party is so important that if it becomes government policy it would define a shift in New Zealand’s culture,” says Brian Willoughby President of the NZMEA and Managing Director of Plinius Audio and Contex...
    Scoop politics | 17-04
  • Manufacturing policy makes sense but….
    On the surface much of Labour's prescription for manufacturing is sound though questions remain over some of the detail not yet announced, the Employers and Manufacturers Association says....
    Scoop politics | 17-04
  • Where Are The 15,000 Jobs?
    “Paula Bennett is today proudly telling New Zealand that beneficiary numbers have decreased by 15,000 in the past year. There is no proud declaration that 15,000 jobs have been created in the same period,” says Auckland Action Against Poverty spokesperson,...
    Scoop politics | 17-04
  • Change of approach to government procurement needed
    The rail engineering industry has been totally let down by National’s lack of manufacturing policy, and Labour’s measures outlined today represent a marked shift in approach to supporting domestic industries, the RMTU said today....
    Scoop politics | 17-04
  • Depreciation Policy Shouldn’t Be Just for Pet Industries
    The Taxpayers’ Union is welcoming Labour’s announcement to beef up rates of depreciation in the manufacturing sector, but is questioning why David Cunliffe is picking winners rather than applying the policy across all sectors. Jordan Williams,...
    Scoop politics | 17-04
  • FIFA U-20 World Cup NZ 2015 Kick Off Times Announced
    An array of kick-off times to suit football fans of all ages has been confirmed for the FIFA U-20 World Cup New Zealand 2015. With 52 matches spread across the nation, the public will be able to enjoy a collection...
    Scoop politics | 17-04
  • “Legitimate purpose” provides no protection under 167 form
    On Radio New Zealand today, the Privacy Commissioner indicated that ACC could only request information that was "relevant" for a "legitimate purpose". His view was therefore that the ACC167 form is not a "blank cheque" or...
    Scoop politics | 17-04
  • State: still keeping you safe on the road this Easter
    The long-awaited Easter/ Anzac break is nearly upon us while the weather may have taken a turn for the worse in several parts of the country, many Kiwis will still be packing up their cars to take a road trip....
    Scoop politics | 17-04
  • Govt plan for community input into residential red zone
    Christchurch Mayor Lianne Dalziel has welcomed Prime Minister John Key’s announcement today of a community participation process for the public to have a say on the future use of the residential red zone....
    Scoop politics | 17-04
  • Governor-General to visit Turkey
    The Governor-General, Lt Gen The Rt Hon Sir Jerry Mateparae, is to visit Turkey next week to lead New Zealand’s representation at the annual Gallipoli commemorations....
    Scoop politics | 17-04
  • Actions of Police prior to death in custody were justified
    A report by the Independent Police Conduct Authority on the death of Adam Palmer while in Police custody found the actions of Police were justified during the arrest. The report also found that Police took all possible steps to try...
    Scoop politics | 17-04
  • New Electorate Boundaries Finalised
    New boundaries for the country’s 64 General and seven Māori electorates have been finalised – with an additional electorate created in Auckland. The 2014 Representation Commission has completed its statutory role of reviewing and redrawing electorate...
    Scoop politics | 17-04
  • Save The Children Welcomes Strengthening Children’s Rights
    Save the Children New Zealand welcomes a new treaty which allows children to complain directly to the UN Committee on the Rights of the Child about alleged violations of their rights....
    Scoop politics | 16-04
  • Labour takes manufacturing seriously
    Labour takes manufacturing seriously Manufacturing workers and employers will all benefit from economic policies announced today by the Labour Party leader, David Cunliffe. The Engineering, Printing and Manufacturing Union has welcomed the announcement...
    Scoop politics | 16-04
  • Manufacturing policy welcomed
    “Today’s announcement of Labour’s manufacturing policy is very welcome,” says CTU Economist Bill Rosenberg. “Just as many other developed countries are realising, having a strong manufacturing sector pays off in good jobs, retaining...
    Scoop politics | 16-04
  • Operation Unite – a Blitz on Drunken Violence
    New Zealand Police are hoping to reduce the number of victims from alcohol related crime by asking the public to say ‘Yeah, Nah’ more often this holiday weekend....
    Scoop politics | 16-04
  • Dunne Speaks
    Dunne Speaks 17 April 2014 There have been a number of harrowing cases presented this week about the impact of psychoactive substances on vulnerable young people. At one level, the tales are deeply disturbing. It is awful to see anyone...
    Scoop politics | 16-04
  • Research announcement welcomed
    A leading Māori researcher has welcomed the announcement of the 2014 Te Pūnaha Hihiko - Vision Mātauranga Capability Fund by Science and Innovation Minister Steven Joyce and Māori Affairs Minister Dr Pita Sharples....
    Scoop politics | 16-04
  • At Last: A Manufacturing Policy
    At Last: A Manufacturing Policy FIRST Union congratulates Labour on the release of its Manufacturing policy today. The union represents workers in the wood, food and textile manufacturing sectors. “In a week that has seen another manufacturing company,...
    Scoop politics | 16-04
  • Republic campaigners still positive after royal visit
    "Campaigners for a New Zealand Head of State are still feeling positive after ten days of royal events" says NZ Republic Chair, Savage. "Our polling before the visit showed increased support for a kiwi head of state. We have a...
    Scoop politics | 16-04
  • Selling homes to foreigners benefits New Zealanders
    Winston Peters has apparently convinced David Cunliffe that when foreigners buy New Zealand property they make New Zealanders worse off. Mr Cunliffe has announced his intention to adopt Winston Peters’ policy of banning foreigners from buying...
    Scoop politics | 16-04
  • Taxpayers’ Union Welcomes Key’s Rejection of ‘Fat Tax’
    The Taxpayers’ Union is welcoming Prime Minister John Key’s rejection of fat and sugar taxes ahead of this year's election. Jordan Williams, Executive Director of the Union, says:...
    Scoop politics | 16-04
  • Law Commission Paper on a New Crown Civil Proceedings Act
    The Law Commission has released A New Crown Civil Proceedings Act for New Zealand , its Issues Paper on reforming the Crown Proceedings Act 1950. The Issues Paper proposes a new statute to replace the Crown Proceedings Act 1950....
    Scoop politics | 16-04
  • Focus must now go on fishing industry jobs for NZ workers
    Maritime Union says focus must now go on fishing industry jobs for New Zealand workers...
    Scoop politics | 16-04
  • Make the choice to stay safe on the road
    With Easter and Anzac Day giving us two successive long weekends this year there will be a lot of happy families preparing for trips....
    Scoop politics | 16-04
  • Students Welcome Engagement with StudyLink
    The New Zealand Union of Students’ Associations (NZUSA) has welcomed the improved performance from StudyLink in 2014. There is no doubt that getting their loans and allowances processed on time makes it easier for students to concentrate on being...
    Scoop politics | 16-04
  • Deaf And Hard of Hearing New Zealanders Marginalised
    Deaf And Hard of Hearing New Zealanders Marginalised Imagine if you could not access vital news and information. What would you do?...
    Scoop politics | 16-04
  • Public lose interest in this council, 2016 to be a watershed
    The second term Auckland Council is proving to be an interesting one and very different to the inaugural 2010 – 2013 Governing Body. We are currently going through a budget round to lock in where council’s $3b expenditure is directed...
    Scoop politics | 16-04
  • Labour and National join forces in new Maori confiscations
    Chris McKenzie, former-treaty negotiator and Te Tai Hauauru Maori party candidate, says that the Minister of Primary Industries’ plans to remove temporary exemptions for vessel operators derived from settlement negotiations is akin to confiscation...
    Scoop politics | 16-04
  • The FCV Bill – Flagging 30 years of failures?
    Paying seafarers at least a minimum wage under the Minimum Wage Act 1983 has applied to the New Zealand fishing industry for more than 30 years. It was, and is, a basic protection which had two universals – it was...
    Scoop politics | 16-04
  • Oxfam’s Morning Tea 2014
    Oxfam’s Morning Tea 2014 Kiwis across the country are getting together over a cuppa to make a difference in the lives of people living in poverty in the developing world. They’re getting involved in Oxfam’s Morning Tea, a fun and...
    Scoop politics | 16-04
  • 1 in 4 Want to Improve Financial Literacy But Don’t Know How
    1 in 4 Want to Improve Financial Literacy But Don’t Know Where to Go...
    Scoop politics | 16-04
  • Rio Tinto Wins 2013 Roger Award
    Sky City Casino Second, Chorus Third - The criteria for judging are by assessing the transnational (a corporation with 25% or more foreign ownership) that has the most negative impact in each or all of the following categories: economic dominance...
    Scoop politics | 16-04
  • ACC’s Strategy to stop compensation using ACC 167 Form
    On Radio NZ national’s morning report on 15 April 2014, ACC’s spokesperson Sid Miller denied the non-compliance was just a way for ACC to refuse people....
    Scoop politics | 16-04
  • Workers support plain packaging of tobacco
    The CTU have today presented to the health select committee in support of plain packaging of tobacco. “Any steps that can be taken to lower smoking rates will result in New Zealand workers and their families having healthier and better...
    Scoop politics | 16-04
  • Christchurch Housing Accord a Joke
    Christchurch Housing Accord a Joke Hugh Pavletich Performance Urban Planning Christchurch New Zealand 16 April 2014 The Housing Accord entered in to today between the Government and the Christchurch City Council, can only be described as a joke. Christchurch...
    Scoop politics | 16-04
  • Infographic : World Giving Index 2013
    Infographic from Charities Aid Foundation World Giving Index 2013 A Global View Of Giving Trends (click to see full size version)...
    Scoop politics | 16-04
  • Tranter questions CEO’s assurances
    “There is a bizarre notion among bureaucrats, politicians and others that if they say something then it must be so - despite all evidence to the contrary” said David Tranter, Health spokesman for Democrats for Social Credit....
    Scoop politics | 16-04
  • UNICEF NZ Urges Progress on Plain Packaging of Tobacco
    In its oral submission to the Health Select Committee today, UNICEF NZ expressed its strong support for the Smoke-free Environments (Tobacco Plain Packaging) Amendment Bill as a measure that will help reduce the uptake of smoking, and urged parliament...
    Scoop politics | 16-04
  • Whitebait partners look for solutions
    Waikato-Tainui, local marae, councils and agencies are working together to better manage whitebait fisheries at Port Waikato following the compilation of a new report....
    Scoop politics | 16-04
  • NZ’s biggest killer fails to receive the Roger
    The Smokefree Coalition is disappointed Imperial Tobacco did not win the Roger Award for Worst Trans-national Company operating in New Zealand, despite manufacturing products that kill 5000 New Zealanders every year....
    Scoop politics | 16-04
Public service advertisements by The Standard

Current CO2 level in the atmosphere