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Assets sales make Crown a billion poorer

Written By: - Date published: 9:22 am, November 29th, 2013 - 122 comments
Categories: class war, privatisation - Tags:

In the Budget, the Government said asset sales would increase the net worth of the Crown by half a billion dollars because eager mums and dads were going to snap the shares up for more than they were worth on the government books. As we know, it didn’t quite work out that way. The Greens have updated the Budget and found the impact is $1.5 billion worse than expected.

The Greens have plugged the real sales proceeds figures into the Budget table and added in the sales costs that National mysteriously forgot to include.

The results:

The sales that were meant to pocket $6b have only netted $3.9b.

Rather than ‘only’ increasing the deficit by $180m by 2017, as the Budget projected, the asset sales so far will actually make it $650m worse. Mainly because the government is saving far less on borrowing than it thought it would, because it has been pocketing less money from the sales.

Rather than increasing the net worth of the Crown by $520m, they’ve decreased it by $959m. Whoops. That’s down to a combination of the bigger deficit hit and getting less for the companies than they were valued at on the Crown’s books, not more as they hoped.

If the sale of Genesis goes ahead, then it will get $120m worse.

Remember, that’s just by 2017. Because we keep on losing the dividends forever, it just gets worse the further you go into the future.

Key, as is his wont, has dissed the Green figures without any real reason. I don’t see him putting up his own numbers either. Because one thing is for sure – the asset sales have earned the Government a hell of a lot less money than they thought it would, and the sales have cost more, yet we’re still losing just as much in dividends. How Key can claim that’s a success and keep a straight face, I don’t know.

122 comments on “Assets sales make Crown a billion poorer”

  1. Peter 1

    Would Helen Clark have got away with Key’s “I have not looked at the figures ….. but they are rubbish”.

    Shonkey as always!

  2. wtl 2

    The bottom line is National sold MRP and Meridian for ~30% less than their valuations, netting only $3.6B for 49% of both when valuations had 49% of the companies at $5.1B. This is before sale costs are subtracted. The asset sales have been a complete joke.

    • Sisko 2.1

      Maybe they were worth $5.1 billion before NZ Power was announced. It’s pretty stupid to argue that they were sold too cheap when all there companies are trading at or below their listing price. You can complain about the fees, but not the listing price.

    • Sisko 2.2

      Maybe they were worth $5.1 billion before NZ Power was announced. It’s pretty stupid to argue that they were sold too cheap when all there companies are trading at or below their listing price. You can complain about the fees, but not the listing price.

    • Sisko 2.3

      Maybe they were worth $5.1 billion before NZ power was announced. It is hard to argue that the price of the sale was too low when all three companies are currently trading at or below their sale price on the share market . You can complain about the fees, but with hindsight the sale prices look to have been decent for the government.

      • wtl 2.3.1

        If you are in charge of selling some assets for your company, good luck explaining to your boss/shareholders that you just sold $5.1B of assets for 30% less than their valuation. The obvious thing to do if you are not going to get a good return is TO NOT SELL THEM.

        • Bazar 2.3.1.1

          “good luck explaining to your boss/shareholders that you just sold $5.1B of assets for 30% less than their valuation.”

          Thats just it, you seem to think that because something is valued high in the books, that makes it true.

          We could of had the power companies valued at 10 billion if we so pleased. That doesn’t mean they were actually worth 10 billion, it was only a guess.

          But i’ll concede that it was probably worth more than the price given, but NOT after Labour’s share price vandalism.

          Then again i’m not surprised that people here would rather build an economy based on lies and pretend wealth.

          • wtl 2.3.1.1.1

            See 8.1.1 below.

            The valuation is a key part of the sale process – you need to know how much you expect to get before you can decide to sell. If you are getting anywhere near what you expect, you shouldn’t just go ahead and sell – that’s just stupid.

            I have no idea how all you RWNJs can claim to be ‘business-savvy’, you don’t even know the first thing about how to sell something.

      • Sisko 2.3.2

        Sorry – page crashed with first two posts – I thought they weren’t submitted

        • framu 2.3.2.1

          yes – the site is being seriously weird

          [Akismet is playing up and throwing lots of comments into moderation - MS]

    • infused 2.4

      Yeah, thank Labours asset sale sabotage for this one. Bunch of fucking idiots.

      • wtl 2.4.1

        LOL. Let’s see Nokia was trying to sell their phone business to Microsoft. And then Apple said, “We will aggressively compete against all phones sold by Microsoft”. So should Nokia do?

        1) Sell the phone business to Microsoft for a rock bottom price and whine that Apple is being mean?
        2) Deal with it, doing what is necessary to ensure the sale price is reasonable (or stop proceeding with the sale). It’s just part of doing business.

        How the f**k do anyone of you think you can run a business?

        • Draco T Bastard 2.4.1.1

          How the f**k do anyone of you think you can run a business?

          They’re too ignorant to know better and when they or their leaders fuck up they’ll make excuses that invariably blame someone else.

      • framu 2.4.2

        so your saying the shouldve kept their policy ideas secret?

        its a fucking political issue you fool, national knows it, labour knows it, everyone knows it – going around blaming the opposition is a bullshit weak excuse. Especially when theres a whole lot more affecting the price here.

        I guess you also blame the opposition for bills shit accounting as well?

        If you were going to invest in asset sales without asking “hmm what might happen if the govt changes at some point in the future?” your an idiot

      • dave 2.4.3

        blame labour that is rich it is up to the government and john key to provide the political management the labour/ greens are only doing there job thats why there called the oposition

        • Dumrse 2.4.3.1

          Doing their job is right, being a bunch o f sabotaging cunts.

          • Jesus Wept 2.4.3.1.1

            Dear boy. Medication.

          • felix 2.4.3.1.2

            Sabotage? My dear boy you must be joking.

            The sabotage began in the 80s when the neoliberals in labour decided that the electricity network built by generations of kiwis to provide ourselves with essential energy could instead be operated as a business to make money off kiwis, and thus the boring old NZED became the shiny new Electricorp.

            The sabotage continued in the 90s when the neoliberals in national decided that having just one electricity company was still too boring, so they split it into a bunch of new ones. They had some to make the electricity, and some to get it to your house, and even some pretend ones that don’t really do anything except charge money for sending out bills.

            The next bit of sabotage was to take those companies and sell them overseas. The neoliberals in national made a start in the 90s but they were briefly interrupted for 9 years. The program of sabotage continues today.

            Regulating against price-gouging isn’t sabotage, and neither is saying what you’ll do after you’re elected.

            NZ Power is the first step in undoing the sabotage of the last 30 years.

  3. Chooky 3

    What a disgrace for John Key’s and Bill English’s National Party (mis)management of New Zealanders assets and money!!!

    …..I hope this is sheeted home in a thousand different ways leading up to the next election.

    Good on the Greens for calling this National financial mismanagement disaster out !

    ….where is the pincer action from the other opposition parties?….especially Labour ….they should be making hay out of this!

    • wtl 3.1

      If you are in charge of selling some assets for your company, good luck explaining to your boss/shareholders that you just sold $5.1B of assets for 30% less than their valuation. The obvious thing to do if you are not going to get a good return is TO NOT SELL THEM.

  4. thatguynz 4

    “How Key can claim that’s a success and keep a straight face, I don’t know.”

    Of course you know James – because the success wasn’t about gaining a big return for the people of New Zealand… It was twofold – a naive doctrinaire neo-liberal belief (or commitment to the IMF/WB) that productive assets are best held in private rather than public hands, and a nice chunk of fees to a sector that our “dear leader” is all too fond of.

    • Murray Olsen 4.1

      And that is all that needs to be said about the asset thefts. From the Tory point of view, they are an incredible success, because more of the common wealth has been shifted into the hands of the right people. Whether there is a case to be made in terms of sensible business is irrelevant. This is not business. It is class war. Why do we keep arguing on their terms?

  5. Disraeli Gladstone 5

    I do think it’s a tad unfair to use the $5-7 billion figure as something to hit National over the head with. That’s was meant to be the final figure after all sales. Genesis hasn’t been sold yet. Solid Energy can’t be sold now. Their figure was probably actually in the right ball park.

    There’s so many other things that are genuinely and horribly wrong about the sale to hit National over the head with instead.

    • Lanthanide 5.1

      “Solid Energy can’t be sold now.”

      As a result of National’s own incompetence. You don’t get to say “it isn’t National’s fault the money didn’t add up, they couldn’t sell Solid Energy” when the reason they can’t sell Solid Energy is entirely their own making.

      • dave 5.1.1

        blame labour that is rich it is up to the government and john key to provide the political management the labour/ greens are only doing there job thats why there called the oposition

  6. emergency mike 6

    Surely it’s time for the opposition to ressurect Key’s own “Show us the money” line and use it against him.

    National, a constant stream of failure to deliver on promises.

  7. The Gormless Fool formerly known as Oleolebiscuitbarrell 7

    You know that “getting less for the companies than they were valued at on the Crown’s books” just means that the value in the books was over-inflated, right?

    I have valued the drawing of a crocodile I have just made at a million dollars. Therefore, I am a millionaire.

    • Pascal's bookie 7.1

      Reckon the government’s way of going about this sale had no effect whatsoever on the price it recieved gormless?

      For examples.

      If the Crown had sold these assets when people had moar money floating about?

      If they spaced them out so they weren’t dumping very similar stocks into the market over a short time period?

      basically, efficient market hypothesis is pretty much nonsense. It one sense it’s a useless tautolgy, but that’s it’s good side.

      • Plan B 7.1.1

        Why create in your head a comparison that is simply not comparable to make a point that is pointless. Your crocodile drawing does not provide a return except when sold, therefore in your invented world, yes the sale price determines the value. If however people paid to view the crocodile drawing you could determine the value of the crocodile to you by way of how much money you earn per day less expenses. I guess in the end it would all depend on how good your crocodile drawing was. But crocodile drawings are not a useful way of helping us all understand the value of hydro dams to New Zealanders.

    • Lanthanide 7.2

      “You know that “getting less for the companies than they were valued at on the Crown’s books” just means that the value in the books was over-inflated, right?”

      Yes, so it means you shouldn’t go around making policy on dodgy figures, and when it becomes obvious the figures won’t pan out, you should change your policy to reflect reality, not blindly charge onwards.

      • Bazar 7.2.1

        “Yes, so it means you shouldn’t go around making policy on dodgy figures, and when it becomes obvious the figures won’t pan out, you should change your policy to reflect reality, not blindly charge onwards.”

        In a way they did. They lowered the share price of the company to better reflect reality, rather than blindly selling them at what the books listed them at.

        Oh i’m sorry, did you mean they should of kept the companies listed at unrealistic prices and stopped the sale midway.
        Should of made that clear.

        “Once the government realized the assets were overpriced, they should of stopped the sale process.”
        There, fixed it for you.

        • Lanthanide 7.2.1.1

          Um, Bazar, the purpose of the sale, and why we were told it was good, is because it would bring in heaps of money for the government.

          When that was no longer true, the appropriate response, given the stated aim of the plan (to raise $5-7bn) is not “oh, sell them cheaper then”, which is what you are suggesting, and what the government did. The appropriate response is to change the policy, eg stop the sales until such time as they could generate the promised $5-7bn in returns.

          • Tracey 7.2.1.1.1

            Well said. Need a Panadol for that pounding from the banging against the brick wall? Everything is always labour’s fault even when it isn’t

          • Bazar 7.2.1.1.2

            This will be the last time i say this, but national never said anything about making lots of money.

            It wasn’t about selling the assets for profit.
            It was about financing.

            I have never seen a national MP, and certainly not john key or bill english state they were selling the assets just to make money.
            Money raised has been mentioned, but usually as an estimate of how much would be raised, not as some target goal post to be met. The estimate was 5-7 billion, which was before labour and Tiwai Point pulled their stunts. So perhaps they would of made 5 billion+ otherwise.

            Its always people who never understood the asset sales, that keep thinking that its about making money. Or perhaps its because its an easier concept to rally against profits, then it is to rally against financing.

            This’ll be the 3rd and last time i point out that the asset sales were not about making cash on this topic.

            • ghostrider888 7.2.1.1.2.1

              Excellent, cos’ like, 88 is a number of comments we are quite partial to round these here parts, pilgrim.

            • Tat Loo (CV) 7.2.1.1.2.2

              Of course the asset sales were not about making cash. They were about transferring valuable assets to foreign investors at low cost to them, and major loss to us.

            • Lloyd 7.2.1.1.2.3

              I am aware of several people who have told me they voted National not only because of that nice man, John Key, but also because the Nats were going to square the books by selling off the power companies.

              They believed that the government would get squillions from selling those companies, and obviously they would get tax cuts because of the sell off of these companies that had cost the government a lot of money.

              Reality doesn’t count, its what the voters believe that counts.

              They believed the Nats said they would make lots of money selling those companies.

              • Tat Loo (CV)

                “Reality doesn’t count, its what the voters believe that counts.”

                That’s good electoral common sense. Not always in ample supply.

            • Lanthanide 7.2.1.1.2.4

              I’m glad it’s the last time you’ll say that, because it isn’t actually true.

  8. Appleboy 8

    What a pathetic analogy. your personal valuation of your crocodile drawing is a little different to the independent valuation of power companies by financial institutions. Moronic.

    • The Gormless Fool formerly known as Oleolebiscuitbarrell 8.1

      Appleboy, I cannot see anyone else talking about crocodile drawings, so I will assume that your comment is directed at me. The software has an helpful reply feature which you may find useful to avoid confusion like that I have momentarily experienced.

      1. Can we agree that if the Crown got the market value of the assets it has sold, it has lost nothing?
      2. What is it that the financial institutions were doing when they valued the power companies?
      3. Was it trying to establish their market value?
      4. Of actual sale price and valuation, which is a truer indication of market value?

      • wtl 8.1.1

        Irrelevant. When you decide to sell something, the valuation is an important part of that decision to sell. For your crocodile drawing example, if you really thought your crocodile drawing was worth a million dollars and but the highest offer was 30% less i.e. $700K, you could:

        A) Accept the price the buyer is offering regardless.
        B) Refuse to accept the offer and instead re-evaluate the sale process. e.g. Was my valuation correct? Is there something I can do to make the drawing more attractive to a buyer? Should I be selling the drawing in a different way? Were all prospective buyers aware of the sale? Should I hold on to the drawing for a longer time and sell it later?

        Option A might make sense if you was desperate for cash or if the asset (the crocodile drawing) was losing money. However, if the drawing was providing a good return (e.g. people paying to see it), you would be utterly incompetent if you immediately chose to go for A without some re-
        evaluation. After all, the decision to sell the asset would have been made with the valuation in mind. If you are going to sell the asset regardless of price, why even bother getting a valuation?

        • Bazar 8.1.1.1

          But the painting was sold at $700
          It was well advertised, it was packaged as best possible, even sitching up a deal with the smelter to make buying easy.

          Instead you still couldn’t get the 1 million you wanted, so after all this effort sold it to the highest bidder for $700k

          Did the bidder get the $1 million dollar paining for cheap?
          He doesn’t tihnk so, hes offering to sell the paining to anyone for just $599k (Based on current share price of $2.14)

          Not a single person believes that painting is worth $1 million dollars.
          Holding onto that painting doesn’t make it more valuable.
          “Everything is worth what its purchaser will pay for it” Publilius Syrus – 1 Century BC

          Even back then they could understand that basic concept.
          Believing something is worth more then what anyone will pay for it is what we call naive.
          Otherwise i do have a painting i value worth 1 million dollars, and i’ll sell it to you for $10k, this week only.

          • Pascal's bookie 8.1.1.1.1

            “it was packaged as best possible”

            No it wasn’t. The whole design of the policy has been about how to get sales made without damaging the government’s popularity too much. Maximising the Crown’s return from the sales has been a secondary consideration at best.

          • wtl 8.1.1.1.2

            You are missing the point of my post. Regardless of what the painting is ‘really worth’, the decision to sell the drawing was made assuming the sale would net around ~$1 million. If you aren’t going to get ~$1 million, then you don’t just proceed with the sale, you re-evaluate whether it is worthwhile to sell, especially since the drawing is still giving me a healthy return.

            Of course, National did nothing of the sort.

            • Bazar 8.1.1.1.2.1

              You’re under the assumption that the sole goal of selling the painting was to raise money.

              Its been explained serveral times that the goal wasn’t just about raising money, its more of a lowering of debt/trasnfer of finances

              Selling these power generating assets to kiwi’s, and using those funds to build new things

              To quote from http://www.national.org.nz/mixed-ownership.aspx

              “This will broaden the pool of investments for New Zealand savers and deepen capital markets, helping Kiwi companies access the funds they need to grow.

              Listing on the stock exchange will also provide stronger commercial discipline, transparency, and greater external oversight for these companies. And it will give each company access to an alternative pool of capital for growth, other than the Government.”

              Now if the painting is $1 million, $700k, or even $1.4m, that doesn’t change the goals of the asset sale scheme.

              But again, if you’ve only ever seen the asset sales, as assets for cash, you’ve only been looking at 1 part of the economy, a single transaction.

              As key pointed out during the debates of the election (When the public were voting on the future government), he pointed out that we currently have kiwisaver and retirement funds investing in Australia because there is nothing for them to invest in here.

              This just created a 3.9 billion dollar investment in nz with funds that could quite easily have be invested in promoting the australian economy instead.

              The government has now 3.9 billion they can spend on other things, or just keep debt low.
              Personally if it was about making money, or reducing debt, i’d of thought it a stupid idea. Because anyone can see you can’t make money long term selling assets, and the rate of return is greater then international borrowing rates.

              What this can do is increase the investment in NZ, while forging the public assets to conform to public scrutiny. The latter is also very important because state owned assets have a tendency to underperform, fall victim to political goals, or worse, fall apart (See solid state energy, New Zealand Rail Limited).

              • Pascal's bookie

                Think it through.

                They used to be 100% NZ owned. They are now around 15% foreign owned with returns going off shore. Few people think that number isn’t going to get bigger as time goes on.

                The ‘investment’ in NZ is being done where? By the govt doing shit with the money it raised from the sale, on things it would have done anyway. There has been no investment into the MOMs.

                The money paid for the MOM shares would have otherwise been doing what? Sitting under a mattress perhaps? Earning money from overseas investments? Going into companies maybe?

                What this does is takes investment money, and spends it on things the government would be doing anyway. It is saying that the private sector in NZ is so woeful that investors have nothing better to do with their money than swap it for some govt stock so that the govt can spend that money on schools and stuff.

                So the govt loses out on the returns and saves on the interest. Treasury reckons that it loses on that swap, certainly in the medium term.

                The idea that the MOM policy would stimulate people towards the NZX and away from property seems to have been a complete fizzer, unsurprisingly.

                The hodge podge of reasons National gave for the policy don;t really add up. they remind me of the reasons the Bush admin trotted out for invading Iraq. Oh it’s this, and that, and this other thing! None of which really seem to be worth the candle.

                At the end of the day, they sold some stakes in some companies, in a rush and structured in away that didn’t maximise the return to the Crown for those assets.

                All else is fluff.

              • Pascal's bookie

                The latter is also very important because state owned assets have a tendency to underperform, fall victim to political goals, or worse, fall apart (See solid state energy, New Zealand Rail Limited).

                Missed this part, which is just hilarious.

                Why is it then, that the only things that can tempt private investors to do all this miraculous ‘deepening of the capital markets’ and bliggedy blah blah, are things the state built and will retain a 51% stake in?

                Please explain this to me.

                • Bazar

                  You could of phrased that 2nd half a lot better, i can only guess its meaning.

                  Because you can’t deepen the market by having investors shift money from one NZ company to another NZ company.
                  The depth remains the same.

                  If the government sells its assets, and then uses that money to produce more, that in effect creates more assets and thus more capital has been sunk into nz.

                  Your stance is that the government won’t use that money on assets, or that it won’t be spending a dime more than it was going to regardless.
                  And so on that stance, there isn’t anything further to be said. Time will tell.

                  Also if your question was asking why stop at 51% (and again, your question wasn’t easy to understand)…
                  The government has made a call to sell its assets and use the funds elsewhere.
                  As for the government holding 51%, it means it still retains control of the assets, but now has public accountability, feedback, and more independence from political motives.

                  • Pascal's bookie

                    Because you can’t deepen the market by having investors shift money from one NZ company to another NZ company.

                    Well no. The question is why is it that state built companies that can attract capital into the market, if we believe that state is such a poor builder of companies?

                    Why isn’t the private sector using that capital to build things, given it does a better job of doing that?

                    And why is it that the best thing we can think of to do with that capital is have the govt direct it to things via the Future Investment Fund?

                    This capital that the state is sinking onto the FIF didn’t come from nowhere. What is the opportunity cost?

                    The argument behind the MOM policy is that the government knows what to do with that money better than the private sector does. That it is worth not only forgoing the dividends in a time when interest rates are globally low for govt borrowing, but that it is also a better use of investment capital to spend it on the things the FIF spends it on than it would be to spend it on whatever else private sector investors would have been doing with it.

                    This may be true.

                    But it is ironic, given the idea that the govt is wasteful and prone to all these political risks and so on and so forth.

                  • Pascal's bookie

                    Because you can’t deepen the market by having investors shift money from one NZ company to another NZ company.

                    The question is why is it that it is state built companies that can attract capital into the market, if we believe that state is such a poor builder of companies?

                    Why isn’t the private sector using that capital to build things, if we believe it does a better job of doing that?

                    And why is it that the best thing we can think of to do with that capital is have the govt direct it to things via the Future Investment Fund?

                    This capital that the state is sinking onto the FIF didn’t come from nowhere. What is the opportunity cost?

                    The argument behind the MOM policy is that the government knows what to do with that money better than the private sector does. That it is worth not only forgoing the dividends in a time when interest rates are globally low for govt borrowing, but that it is also a better use of investment capital to spend it on the things the FIF spends it on than it would be to spend it on whatever else private sector investors would have been doing with it.

                    This may be true.

                    But it is ironic, given the idea that the govt is wasteful and prone to all these political risks and so on and so forth.

                    And I am most certainly not saying that govt won’t be spending the money it gets. Of course it will. You have been saying throughout this thread that this isn’t about the govt raising new money, it’s a swap between debt and equity in these assets. That only makes sense if the government would have spent the money anyway. If they didn’t, then there wouldn’t be the extra debt.

      • adam 8.1.2

        Oh my The Gormless Fool formerly known as Oleolebiscuitbarrell, let the unseen hand rule the day – any other fantasies you want to embrace – how about dialectic materialism or the fairies at the end of the garden. Market or reaching for the market to explain things is pure fantasy at work, and quite frankly – lazy thinking at it’s worst. I don’t believe in fairies at the end of the garden nor do I believe in the unseen hand of the market – what I do believe in was that the economics of this issue are ideological led – This current government are ideological and can’t have a rational debate based on logic or reason – even if there was a gun held to there head.

        I’m sick of people reaching for irrational mythical explanations to justify there position – at the end of the day, ask these questions – are people better off with this programme of sale – nope. Is the sale a positive for freedom – nope. Is this sale programme run by idiots in love with Anna Rand and living in a fantasy la la land – probably.

        • The Gormless Fool formerly known as Oleolebiscuitbarrell 8.1.2.1

          I don’t remember mentioning Anna Rand.

          The point of the post is that by selling the shares at less than what they were valued at, the Crown has somehow lost money.

          You can think something has a certain value all you like but it doesn’t make it so. Selling it it tells you what it is really worth. If you sell and asset for less than you have told yourself it is worth (rather than what it is actually worth), you have not lost anything.

          • adam 8.1.2.1.1

            But that was not the logic that was presented at the point of sale. They themselves said this was an asset worth selling and they would make loads of money for the crown. They haven’t, and appealing to the market to justify this failure – is lazy thinking. It’s the fantasy, dreamy logic I have seen by many woollies of the left – but to tell you the truth, those who call them self right wing are more in this fluffy dream state these days.

            The argument is really quite simple – they said (the crown) we will make loads of money from this sale – they have not = fail.

            Any justification at this point is wrapped up in ideology – your arguments point in case. Lost of an asset which makes you money for a short term gain, seem irrational to me. And appealing to the market to find it’s value is another irrational argument – if you don’t know it’s value – why sell it? Is that not like cutting off your nose, despite it being part of your face. Your arguments are a post fubar justification for irrational behaviour.

            Bugger either left or right spin, this is a government who is ideological to the extreme and using ideology to justify irrational decisions.

            I didn’t say you were an Rand worshipper – are you? Key has quote Rand a few times, so I feel I can bring her up. Do you really think fairies live at the end of the garden?

            • Bazar 8.1.2.1.1.1

              Thats something the left has repeatedly said, about the government doing this to make money.

              National has never said selling assets was about making money. Its just something the Left keep repeating because then they have something uninformed citizens can join to rally against.

              It has always been about financing. About covering the cost of new infrastructure, and creating a massive capital injection into NZ’s economy.
              And on those grounds, i still see it being a success.

              How it will affect the budget will be interesting to see. But this trash report of $1.5 billion loss is nothing short of propaganda. But coming from the greens, i’m surprised they managed to count that high.

              The real cost will be the loss of dividends and cost of sale (not made up valuation loss) vs reduced borrowing costs

            • greywarbler 8.1.2.1.1.2

              Ayn Rand I think. We don”t want any more Rands of her ilk, one was more than enough.

            • The Gormless Fool formerly known as Oleolebiscuitbarrell 8.1.2.1.1.3

              The argument is really quite simple – they said (the crown) we will make loads of money from this sale – they have not = fail.

              That may be your argument. It is not the argument of the post. That is: Assets sales make Crown a billion poorer.

              And they don’t. The assets are worth the same as they were worth when the government owned them. They are worth less than they were valued at, but that’s not the same as they are worth.

              I am unfamiliar with Anna Rand. What is her field of expertise?

              • Appleboy

                My god. You are saying that selling for less than valued is not a loss? They chose to sell now out of blind ideology – and to sell pre the referendum, and well ahead of the 2014 election in the hope it would be yesterday’s news cost that this scam cost US a billion.

                So, if i sell my car right before Xmas when it’s not a good time to sell and get $7,000 instead of $10,000 (normal valuation) I’ve lost nothing.

                Moronic.

                • The Gormless Fool formerly known as Oleolebiscuitbarrell

                  Found the reply button. Clap clap.

                  You want to have an argument about when the state should be selling assets? OK.

                  When do you think they should have sold them?

                  • Appleboy

                    You’re giving moronic a bloody good go. They should not have sold them, strange concept that seems to have escaped you. Now answer my question – which was a far better analogy than yours. It was very simple :

                    So, if i sell my car right before Xmas when it’s not a good time to sell and get $7,000 instead of $10,000 (normal valuation) I’ve lost nothing.

                    And your answer is?

                    Clap clap for the avoidance in advance

                    • The Gormless Fool formerly known as Oleolebiscuitbarrell

                      You understand that your question aims to get to the bottom of the best time to sell your car not whether it should be sold ?

                      Accepting that your car should be sold (I feel like I am winning already) after you sold the car, if there was some real time market establishing the value of your car on a minute-by-minute basis, you would know whether the time you sold it was a better time to sell than subsequent periods.

                      If only there were such a market for the assets the government sold. We could look at it and see if the price had gone up or down since they were sold.

            • The Gormless Fool formerly known as Oleolebiscuitbarrell 8.1.2.1.1.4

              The argument is really quite simple – they said (the crown) we will make loads of money from this sale – they have not = fail.

              That may be your argument. It is not the argument of the post. That is: Assets sales make Crown a billion poorer.

              And they don’t. The assets are worth the same as they were worth when the government owned them. They are worth less than they were valued at, but that’s not the same as they are worth.

              I am unfamiliar with Anna Rand. What is her field of expertise?

        • Bazar 8.1.2.2

          Well played
          You managed to write 2 large paragraphs full of banter, without actually answering even a single question of his.

          I also like the irony of how you rant about your ideology and ignore the debate, and instead turn to attack the government for being ideological and not having a debate.

          I’m left looking forward to reading many more of your subtle troll jokes.

          • adam 8.1.2.2.1

            No I was not being subtle about the rash of woolly thinking – I see your another one – what debate – which is being side tracked by you and yours for ideological reasons. The crown said, these were assets we should sell – these assets would make them lots of money and be good for the country. That has not happened, purely and simple – the maths does not add up.

            They didn’t make the money they said, and your all rushing to sure up a bankrupt ideology to justify bad management, poor decision making and the end of rational and logical economic debate. Excuse me for cutting to the heart of the matter – And not getting bagged down in your fluff and misdirection. 30 years of irrational debate and arrogant tards like you Bazar, wanna come out from behind your avatar?

            If I’m a troll for standing up to irrationality, then I’m a troll.

            • Bazar 8.1.2.2.1.1

              You keep spouting the word “Ideological”. Does it give you pleasure to use it so much?

              But to correct your assumptions.
              I’m not sidetracking any debate, although i am ridiculing posts which are nothing but fluff (and thats putting it nicely).

              If you want to have a debate, by all means go ahead.
              Spouting crap like the invisible hand of the free market, fairies, and ad hominem attacks against those with differing views isn’t a debate.

              Oleolebiscuitbarrell even made it easy for you, and gave 4 points of the same topic, and you completely ignored them, so you could rant about the government. Thats not arguing, that’s just someone who enjoys the sound of their own voice.

              Moving on.
              You claim that the government said selling these assets would make them lots of money. Please provide a citation.
              Never, not once, have i said the government would make a profit from this. It was always about financing and debt management.
              I’ll even dig up a page direct from national.
              http://www.national.org.nz/mixed-ownership.aspx

              Its the leftwing who keep insisting that the government is doing this to make money, its an easy strawman arguement to make afterall.

              “Excuse me for cutting to the heart of the matter”
              YOU ARE NOT EXCUSED.
              You skipped the argument, provided no workings, and are now giving the celebration speech.
              Thats just poor sportsmanship at best, the rantings of an idiot who doesn’t know what they are talking about at worst.

              Did you ever sit high school exams?
              You always have to show your workings, otherwise we can only assume you’re guessing. Its also just good habit to allow someone to review your findings, so any faulty assumptions can be pointed out.

              “30 years of irrational debate and arrogant tards like you Bazar, wanna come out from behind your avatar?”

              Ah yes, attacking the messenger. A tried and tested approach for when you don’t want to debate the issue. Bonus points for coming from a person calling themselves “adam”.

              In that case, you can call me Mr Smith. So does knowing my name make my points any more meaningful “adam”?

              • Rogue Trooper

                I found no need to “show workings” for learning high school math; merely the pedagogues required it for standardization.
                “Go on my son, ‘ave a go.”

    • Melb 8.2

      And this valuation of the power companies, was it done before or after NZ Power was announced?

      • Pascal's bookie 8.2.1

        If the NZ Power announcement was so damaging, then the Crown should have held off on the sale until after the election.

        At the end of the day though, the government wanted to sell these assets fro ideological reasons, so it went ahead anyway, with a number of factors built into the sale process that reduced the return the crown got.

        For example, why the restriction on sales to off shore investors? That probably reduced the price as much as the risk of NZ Power.

      • wtl 8.2.2

        Before, but it is irrelevant. The decision to sell was made with the original valuations in mind. If something happened that meant that the return from selling wouldn’t be as high as initially expected, National should have re-evaluated whether or not to proceed with the sale.

      • framu 8.2.3

        yeah – its funny isnt it how the opposition announce their idea on policy ahead of time so voters know what might be on the cards. They should just keep it secret and spring it on people aye?

        fucks sake, what a bunch of pathetic cry babies

        honest question – are you seriously saying that the idea of NZ power is the ONLY thing that affected the result?

        • Melb 8.2.3.1

          “its funny isnt it how the opposition announce their idea on policy ahead of time so voters know what might be on the cards.”

          Just like how selling 49% of these assets was announced months before the election.

          NZ Power is a major thing because it introduces so much uncertainty.

          • Lanthanide 8.2.3.1.1

            Just like how the referendum was announced months before the sales started, too. Yet the government pressed on anyway.

          • Naturesong 8.2.3.1.2

            Actually, NZPower introduced certainty to the market.

            Specifically, that wholesale prices would be managed in a way to ensure reasonable profits, but restrict price gouging.

            If you want to argue that the share price has fallen because Labour and Greens floated a policy to restrict price gouging, go for it.

  9. Will@Welly 9

    Key, if he gets back in, will use this as justification for selling the remaining shareholding.
    The opposition now cannot afford any more stuff ups. No more skeletons in the closet. Time to hammer and hammer the bastards like an old record, be relentless in Parliament and around the traps, embarrass the buggers time and again.
    Key, if he was in opposition, would not take his foot off the throttle. Labour/Greens need to do the same – Russel Norman has provided good cannon fodder, Chorus is another stuff up

  10. Will@Welly 10

    Key, if he gets back in, will use this as justification for selling the remaining shareholding.
    The opposition now cannot afford any more stuff ups. No more skeletons in the closet. Time to hammer and hammer the bastards like an old record, be relentless in Parliament and around the traps, embarrass the buggers time and again.
    Key, if he was in opposition, would not take his foot off the throttle. Labour/Greens need to do the same – Russel Norman has provided good cannon fodder, Chorus is another stuff up

  11. captain hook 11

    when are some of the wiseacres round here going to understand that the price of the assets had nothing to do with it.
    Its the long term value and paying off of political debts by looting the treasury that is operating here.
    the sooner National is turned out the better.

  12. Rogue Trooper 12

    National, “the party of better economic management”!

    • infused 12.1

      Damm right.

      • Rogue Trooper 12.1.1

        now, I understand how typos occur, transposing letters and words myself today, and I can see you meant ‘Damn the right’. No probs, happy to be of assistance at road-side breakdowns.

  13. Tracey 13

    nomination for most accidentally ironic post of the month

    “Then again i’m not surprised that people here would rather build an economy based on lies and pretend wealth.” Bazar

    ” “

  14. Tracey 14

    since when has an opposition party been not allowed to announce a future policy just cos it doesnt make things smooth fir the govt.

    the nats and their supporters are deliberately obtuse over this nz power thing.

    dont sell if price drops. dont point and go wah wah wah

    • The Gormless Fool formerly known as Oleolebiscuitbarrell 14.1

      But the point Tracey, is that once the shares have lost value (for whatever reason) that is their value whether you own them or sell them. You cannot make them still worth the valuation price by not selling them. You get that, right?

      • framu 14.1.1

        so your saying the nats didnt think that the announcement of NZ power would affect the price?

        really?

        NZ power was announced before the sales – the price went down after didnt it

    • Bazar 14.2

      The opposition government wasn’t forbidden. Not once has anyone said they couldn’t do what they did.

      Doesn’t mean they should of.

      What person would create a policy that was :
      1. Badly thought out
      2. Very little chance of actually being implemented
      3. Timed to inflict maximum damage to the sale process
      Just to spite the government in power.
      4. Going to have collateral damage that hurt every single kiwi. Or did you think that wiping hundreds of millions of the share price is a victimless act?

      “dont sell if price drops. dont point and go wah wah wah”
      We right wings aren’t the ones crying. You seem to be thinking of another group…

      • bad12 14.2.1

        Little pig, little pig…

      • Naturesong 14.2.2

        1. Partly Disagree. The Greens had run the numbers, but Labour under Shearer were pretty luke warm. I don’t think it was badly thought out, they were undecided on the politics – which was the whole problem with Shearer anyway.
        2. Disagree: Election is 50/50. … and this model has been implemented in several countries around the world to great effect, so grabbing the best parts of those models should not be a problem. No links cause I’m lazy, but if you really insist I’ll google them.
        3. Disagree: The timing was to ensure that peoiple would be making an informed decision. Givin that polls have consistantly shown 70% – 75% opposition to the sale of these public utilities, announcing this policy before any sales went ahead was the responsible thing to do.
        4. Disagree: The treasury outlined in March 2011 the main reasons why the National would not be able to meet their targets. Basically, dumping a shitload of power companies onto the sharemarket at a time when most folks don’t have spare cash is a dumb idea. Their recomendation was that the domestic market would only be able to absorb $2B per year.

  15. Puckish Rogue 15

    Well done to the NZ govt, they got more money for the partial sale of shares then they were worth…thats a good thing for NZ

    What would the left be saying if the value of the shares had gone up after they’d been sold…

    • Rogue Trooper 15.1

      the ‘left’ were saying “do not sell strategic Asset shares”. On ya go now.

    • framu 15.2

      so they got more than they turned out to be worth and its still going to leave a huge hole in the finances

      well fucking done national – champion stuff there

  16. Tracey 16

    bazar

    if it has no chance of being implemented and this is apparently self evident it shouldnt affect the sale price?

  17. Tracey 17

    gormless

    does the value of the shares on the market affect tge dividend

  18. joe90 18

    A text book wealth grab – gain control, sell assets, extract millions in fees and load the corpse with debt.

    • Will@Welly 18.1

      Then unload it back onto the unsuspecting “moms and dads” – where have we seen this before? Sound familiar.

  19. Tracey 19

    For bazar to whom the truth is so important

    http://thestandard.org.nz/an-honest-man/

  20. bad12 20

    What tho is being ignored here tho is the ‘real’ reason for the sale of these assets, forget highways, schools, hospitals and the zillion other false reasons put up by Slippery the PM and the rest of his tawdry bunch of used car salesmen that was simply a trail of LIES,

    This Government would have by the time it is kicked from the Treasury Benches borrowed some 70-80 billion dollars, like any entity the ability to borrow and the interest rates charged for that borrowing are judged on assets and the earnings ability of the entity borrowing the monies,

    What Slippery’s Government is intending to achieve via the part sales of the assets is the knee-capping of any incoming Government after this one is given the kick,

    Selling off parts of the assets against which they have previously borrowed 70-80 billion dollars is (a) intended to have the lenders balk at the lending of more and (b) have the ‘ratings agencies’ downgrade the New Zealand Governments credit rating on a future call,

    You might ask are not Slippery and His Government worried that the lenders and/or the ratings agencies might move ‘now’ to restrict the Government’s borrowing,

    They thought of that, this Government has borrowed ‘forward’ the amounts of money needed to run the Governments accounts for the next couple of years,(remember Bill English a couple of years ago boasting how they were borrowing more than needed as money was ‘cheap’),

    Off of that ability to ‘borrow forward’ Slippery and Bill(not from Dipton),are going to claim a balancing of the Government books next year saying they have not borrowed in that year which while technically correct is absolute bullshit as the monies propping up the Government accounts will have been borrowed in years 11-12,

    This is a smoke and mirrors Government, cynical but hardly stupid, the sell down of the State assets was for a reason all right just not the one Slippery and Co gave to the public…

    • Tracey 20.1

      For those who say ho does this benefit Key’s rich mates if th eprice has dropped I say;

      1. How much have brokers/traders made?

      2. How many bought and then sold on opening to a slight spike in price (particularly in MRP)

      Both or the first of these scenarios benefitted those of whom Key formally was one

  21. Mr Interest 21

    BERLIN REVERSES PRIVATIZATION

    3 November 2013: German call to ‘undo’ energy privatisation amid Berlin vote

    http://www.bbc.co.uk/news/world-europe-24763311

    Is the tide now turning against privatisation? In the 1990s, a wave of sell-offs swept away countless publicly owned enterprises (though privatisation’s fans would say that “enterprise” was the wrong word to describe them).

    AND THE RESULT:

    BERLIN REVERSES PRIVATIZATION

    http://www.workersliberty.org/story/2013/11/19/berlin-reverses-privatisation

    This is only 150,000 less than the combined vote of the Social Democrat and conservative Christian Democrat parties (who run the federal state of Berlin) in the last regional elections. The referendum was held after around 230,000 signatures had been collected by the “Berliner Energietisch” campaign, calling for democratic control over and public ownership of the energy supply (and of other basic necessities), 100% green energy, any profits going into public services, and full transparency in the running of the new municipal utility and grid company.

    Berlin’s regional government sold off their remaining 51% majority in the local electricity supplier and producer, Bewag, in 1997. Eventually the Swedish state-owned power company Vattenfall took over. Its name means ‘waterfall’ but mainly produces power from coal, as well as nuclear energy (and a not insignificant number of serious accidents, in Germany at least). Vattenfall had also bought the local electricity works in Hamburg, the HEW from the regional government.

    Two years later, Berlin sold 49.9% of its water board, BWB, to Vivendi (today Veolia), power firm RWE and insurance company Allianz as part of a public-private-partnership deal. PPP was, as usual, to be particularly expensive for service users, and the citizens of Berlin got the most expensive water supply in Germany as a result. The PPP deal, however, which guaranteed profits to Vivendi & Co. was kept secret by the government and was only released after a long political campaign by the “Wassertisch” and a successful referendum (in the process of which the treaties were leaked to the media, and only then released by the government — before the vote was held, incidentally). By September this year, the government had bought back the 51.1% from Vivendi and RWE — at ‘market price’, meaning that the company will be run as before and that water and sewage charges are not expected to fall.

    The campaign to take (or, as happened, to buy) back the water authority inspired a number of similar campaigns. The suburban rail service, the Berlin S-Bahn, is, since 1994, a division of the state-owned, though explicitly run according to the logic of profit, railway company Deutsche Bahn AG. Berlin’s suburban services are paid for by regional government, yet these subsidies have not been used to improve services or even to maintain them.

  22. Mr Interest 22

    BERLIN REVERSES ELECTRICITY PRIVATIZATION

    3 November 2013: German call to ‘undo’ energy privatization amid Berlin vote

    http://www.bbc.co.uk/news/world-europe-24763311
    Is the tide now turning against privatization? In the 1990s, a wave of sell-offs swept away countless publicly owned enterprises (though privatization’s fans would say that “enterprise” was the wrong word to describe them).

    AND THE RESULT:

    BERLIN REVERSES PRIVATIZATION

    http://www.workersliberty.org/story/2013/11/19/berlin-reverses-privatisation
    This is only 150,000 less than the combined vote of the Social Democrat and conservative Christian Democrat parties (who run the federal state of Berlin) in the last regional elections. The referendum was held after around 230,000 signatures had been collected by the “Berliner Energietisch” campaign, calling for democratic control over and public ownership of the energy supply (and of other basic necessities), 100% green energy, any profits going into public services, and full transparency in the running of the new municipal utility and grid company.

    Berlin’s regional government sold off their remaining 51% majority in the local electricity supplier and producer, Bewag, in 1997. Eventually the Swedish state-owned power company Vattenfall took over. Its name means ‘waterfall’ but mainly produces power from coal, as well as nuclear energy (and a not insignificant number of serious accidents, in Germany at least). Vattenfall had also bought the local electricity works in Hamburg, the HEW from the regional government.

    Two years later, Berlin sold 49.9% of its water board, BWB, to Vivendi (today Veolia), power firm RWE and insurance company Allianz as part of a public-private-partnership deal. PPP was, as usual, to be particularly expensive for service users, and the citizens of Berlin got the most expensive water supply in Germany as a result. The PPP deal, however, which guaranteed profits to Vivendi & Co. was kept secret by the government and was only released after a long political campaign by the “Wassertisch” and a successful referendum (in the process of which the treaties were leaked to the media, and only then released by the government — before the vote was held, incidentally). By September this year, the government had bought back the 51.1% from Vivendi and RWE — at ‘market price’, meaning that the company will be run as before and that water and sewage charges are not expected to fall.

    The campaign to take (or, as happened, to buy) back the water authority inspired a number of similar campaigns. The suburban rail service, the Berlin S-Bahn, is, since 1994, a division of the state-owned, though explicitly run according to the logic of profit, railway company Deutsche Bahn AG. Berlin’s suburban services are paid for by regional government, yet these subsidies have not been used to improve services or even to maintain them.

  23. Pascal's bookie 23

    Ok righties.

    It’s a fairly simple question you’re all avoiding.

    Has the timing and structure of these MOM sales maximised the return the Crown has received,, or would another structure for sale have returned more?

    Specifically, to help you out with just one aspect, (there are more), has the government’s policy to maintain 85% NZ ownership meant that the crown has received a lower price than it would have by selling selling it on an open market?

    If the answer to that question is ‘Yes’, then how can it be the case that the price reflects any sort of ‘objective value’ for the company?

    The prices of things are determined by all sorts of factors. Just saying ‘OMG the market said it was this, therefore the valuations were wrong’ is just childish nonsense.

    But the main point is that the government said they were worth x in the budget. That’s what they budgeted for. They failed to get x. Blaming ‘NZ Power’ is irrelevant to that. And even if NZ Power lowered the price, that’s only an argument for delaying the sale until after the election. If protecting the Crown’s accounts is a factor of course.

    • Lanthanide 23.1

      I suspect we’re not going to get any better answer than Bazar’s weird take on reality that the government didn’t actually want to get lots of money when it sold the assets, it was just doing it for shits and giggles. Or something.

  24. Macro 24

    “How Key can claim that’s a success and keep a straight face, I don’t know.”

    In his former job he would be down the road by now…

    We will have to wait until next year :(

  25. Macro 25

    “How Key can claim that’s a success and keep a straight face, I don’t know.”

    In his former job he would be down the road by now…

    We will have to wait until next year :(

  26. Murray Olsen 26

    I suspect the government got advice from John Banks on these sales. Archie would have taught him at an early age that you never get the full price for stolen goods. In fact the rule of thumb was one third, so they probably think they’ve done well.

  27. Steve (North Shore) 27

    Now James you know why the arse dropped out of this. Someone high up in Labour said that when Labour is Government they will buy back all of the shares. Now I can’t be bothered finding/proving this. Not mentioning any names but you know who it is.
    I was thinking of investing but I decided the Labour policy was more like a scam, they would borrow to buy back – but how much they would borrow to prove a point worried me.
    My wallet gets emptied by someone who just can’t help themselves

  28. Steve (North Shore) 28

    Now James you know why the arse dropped out of this. Someone high up in Labour said that when Labour is Government they will buy back all of the shares. Now I can’t be bothered finding/proving this. Not mentioning any names but you know who it is.
    I was thinking of investing but I decided the Labour policy was more like a scam, they would borrow to buy back – but how much they would borrow to prove a point worried me.
    My wallet gets emptied by someone who just can’t help themselves in the Tax and spend game

  29. tricledrown 29

    That’s why you follow Keys beg borrow ,steal and lie program.
    Steve.

  30. Marcus 30

    @ Steve, Yet you can support Nationals top earner tax cuts that Bill English has admitted $220 million pw.
    Do the math on that & then tell me why we’re borrowing so much.
    The assets should never have been sold, full stop, as the revenue derived from them provided government with a steady income stream.
    A short term gain to fund their tax cuts with long term losses in terms of future revenue streams.

  31. Naturesong 31

    @Marcus – Post 31

    I don’t think $220M per week for tax cuts is correct.

    The net tax cuts (including tax increases, GST et al.) are estimated at $1.6-$2.2 billion per year.

    Weekly, that comes to a shortfall of $30M to $42M per week. And as the Government is currently running a deficit, that shortfall must be borrowed.

    I think your figure of $220M per week is the average weekly budget deficit for this government so far.
    It comes to $11B annually, or $55B over the last five years.

  32. Ian 32

    I work big days and coming into this debate without reading any of the previous posts. I also bought Mighty River Shares and a heap more Meridian shares. I will receive dividends over the next few years and the share price is of no concern to me whatever (Don’t you hate that word ]
    My focus is on what Bill English does with the money. The assets are not lost forever. New assets are bought with the money. If Norman and Cunliffe manage to get the numbers next November , The negotiations over their compulsory buy back of private assets won’t be easy .

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    If John Key wants to have a stab at a fourth term as Prime Minister, there’ll be no one in the party to stop him. He’s weathered the Dirty Politics and Moment of Truth storms, and come out the other...
    Occasionally erudite | 21-09
  • Things you can do about global warming now we have a new do-nothing governm...
    Australia’s brilliant First Dog On The Moon on climate action (courtesy of The Tree), deemed by me to be relevant in the aftermath of an election that has delivered New Zealand another three years of National-led government, and therefore little...
    Hot Topic | 21-09
  • Semi-diamonds in the very rough
    In the midst of the Labour soul-searching (which may be ongoing for some time) I want to give some praise for three especially good Labour performers in the election: The first is Stuart Nash. Stuart has worked his butt off...
    Polity | 21-09
  • A failure to properly report on Climate Change
    I'm not sure if you've noticed the mainstream media, after a grueling 2014 general election, are too engrossed with their continued promotion of brand Key to bother properly reporting on matters of more importance like Climate Change events.While the international...
    The Jackal | 21-09
  • The deconstruction – what went down
    So, in the end it wasn’t even close. Unless the special votes are dramatically out of kilter with the votes counted on election night, National has the numbers to govern alone. The worse-case scenario now for National is that they...
    Occasionally erudite | 21-09
  • Reality-adjacent
    John Key and David Cunliffe both spent much of the election campaign talking about the dreaded “things that New Zealanders really care about”. But Key, under direct attack, was much more disciplined about sticking to those things. The metacampaign, Dirty...
    Kiwipolitico | 21-09
  • The lurch to the right begins
    John Key is busily constructing the smokescreen for his third term, and the key phrase is going to be “centre ground“. “Obviously there are some things we want to do; RMA (Resource Management Act) reform, employment law reform, but they’d...
    Boots Theory | 21-09
  • Who’s to blame for National
    After the huge number of advance votes placed in the lead-up to election day, the overall turnout was shockingly low. It’s easy to imagine that this would follow pre-existing trends in favouring the right. National actually got fewer votes than...
    The little pakeha | 21-09
  • This is not an election advertisement
    The laws we have around Election Day are just a bit silly. Yesterday everyone’s Twitter feeds were a bit like this: um…er…ahh….ummm….dum de do………ahem…….18 hours 53 minutes to go………nice weather we've been having?……….um……. — Election Satire (@2014satire) September 19, 2014...
    Boots Theory | 21-09
  • She saw John Key on TV and decided to vote!
    . . NZ, Wellington, 15 September – ‘Tina’* is 50, a close friend,  and one of the “Missing Million” from the last election. In fact, ‘Tina’ has never voted in her life.  Not once. In ‘Tina’s’ own words, politics has...
    Frankly Speaking | 21-09
  • She saw John Key on TV and decided to vote!
    . . NZ, Wellington, 15 September – ‘Tina’* is 50, a close friend,  and one of the “Missing Million” from the last election. In fact, ‘Tina’ has never voted in her life.  Not once. In ‘Tina’s’ own words, politics has...
    Frankly Speaking | 21-09
  • The best result John Key could have got
    John Key got his best result: a majority on his own or with young David Seymour if National’s vote drops on the special votes as much as the half per cent it dropped in 2011. He didn’t need the Conservatives...
    Colin James | 21-09
  • Economics and the Puhoi Warkworth Board of Inquiry
    The final decision from the Board of Inquiry confirming the Puhoi to Warkworth toll road was published on 12th September but, what with one thing and another, I’m only now getting round to writing about it. The final report is largely unchanged from the...
    Transport Blog | 21-09
  • Bugger!
    This election campaign was a roller-coaster of unexpected revelations and controversy. For the Greens this meant our strategy of running a clean campaign, sticking to a clear plan and releasing properly costed, practical policies never made the impression it should...
    Local Bodies | 21-09
  • Fair Play
    Article – Alexander Lowe The Australian Football League (AFL) has cancelled a sponsorship deal between its affiliated league in Europe and Royal Brunei Airlines. AFL had earlier this year pledged to combat eliminate homophobia in sports so discovery of sponsorship...
    Its our future | 21-09
  • Gordon Campbell on Labour’s very bad year
    While Labour leader David Cunliffe still appears to be in denial about the extent of Saturday night’s debacle, there was hardly a single redeeming feature about the election results for the centre-left. Even the victory by Labour’s Stuart Nash in...
    Gordon Campbell | 21-09
  • Yesterday is not ours to recover, but tomorrow is ours to win or lose
    I see suggestions that the National Party somehow manipulated results to gain their unprecedented win as an extension of “dirty politics”. I have no doubt that there has been a vindictive streak in ministers’ ranks for some time as this...
    Closing the Gap | 21-09
  • 2014 SkS Weekly Digest #38
    "Today, we march... In Berlin, London, Amsterdam, Oslo, Rome, Stockholm, Paris, Madrid, Porto, Geneva, Ljubliana, Budapest and so many other places." - 350.0rg SkS Highlights As to be expected, Dana's The 97% v the 3% – just how much global warming are...
    Skeptical Science | 21-09
  • Hard News: Five further thoughts
    1. Christ, what a shellacking. Click around Harkanwal Singh's Herald interactive. In electorate after electorate, polling place after polling place, National won at least a plurality of the votes. Even where voters collectively chose to return their Labour MPs to...
    Public Address | 21-09
  • The law of unintended consequences. Data security edition.
    This report from Flashpoint: ‘Measuring the Impact of the Snowden Leaks on the Use of Encryption by Online Jihadists’ (available here as web page or PDF) concludes (SPOILER:) Meh, not so much. The Flashpoint report recounts how the use of...
    The Paepae | 21-09
  • A healthy dose of humble pie
    I got one thing right about this election. I managed not to do anything as misguided as publicly state a prediction that National would get anything like as low a vote total as 44% ... as for instance, did Bryce Edwards. Yep,...
    Pundit | 21-09
  • Alas no mystery – it’s voter apathy
      There once was a PM named Key Re-elected with a majority The left fell flat What happened Matt? Alas  it’s voter apathy...
    Politically Corrected | 21-09
  • Labour must change
     Labour's problems can't just be fixed by a switch at the top. Change requires more than that. It must challenge the intellectual, organisational and cultural fundamentals of what it means to be Labour....
    Pundit | 21-09
  • Looking Ahead
    Win or lose, there are never any final battles in politics. A defeat simply means the firing of the starting gun for the next round in a never-ending struggle. And, especially for the left, it is the struggle that matters....
    Bryan Gould | 21-09
  • Left in tatters.
    A while back I wrote a post arguing that the NZ Left was in serious disarray. Various Left pontificators fulminated from the depths of their revolutionary armchairs against my views, denouncing me for being defeatist. I responded as politely as...
    Kiwipolitico | 21-09
  • Psephology-o-rama: Hangover nerdery edition
    I was really privileged to be able to work with the TV3 election night team last night, providing some quantitative analysis on the results as they came in. One of the things we put together was a tool that could...
    Polity | 21-09
  • The Key to a 4th term
    The coming days will see a welter of words on the reasons for the spectacular success of National and the failure of the broad left. As a 'pundit', I might as well add my views....
    Pundit | 20-09
  • Democracy 101
    Earlier this week Scottish voters participated in their independence referendum. There are many, many points to be made about this. Most notably, however, is the fact that the percentage of people turning out to vote in this democratic process was around...
    My Thinks | 20-09
  • Gutted
    OK, so 24.7% is a disaster. Three years ago we were saying 27.5% was a disaster, and this is substantially worse again. It is true that the government had some economy-based tail winds this time round. But the government also...
    Polity | 20-09
  • What it all means for the Labour Party
    An analysis of what went wrong and why, and what it means....
    Imperator Fish | 20-09
  • NZ General Election results
    Congratulations to the winners, commiserations to those who missed out. These are the results as at close of counting 1:10am today. This is where the rubber hits the road in a democracy. Check electionresults.govt.nz for latest results. {Fill the in...
    The Paepae | 20-09
  • Hold fast to your Mana – Harawira
    Hone Harawira today called on the voters of Tai Tokerau to hold fast to their mana, and not be dictated to by those party leaders who have ganged together to tell them how to vote. “I call on our people...
    Mana | 18-09
  • Media Advisory – Interview availability
    This is to advise all media that Hone Harawira will be available in Auckland tomorrow, Friday the 19th of September from 7am to 4pm for interviews relating to his recent press releases. If you are interested in interviewing Mr Harawira on...
    Mana | 18-09
  • Labour stands on proud record on Suffrage Day
    Women have come a long way in the 121 years since New Zealand became the first country to give them the vote on September 19 1893, but there is still more to do, Labour’s Women’s Affairs spokesperson Carol Beaumont says....
    Labour | 18-09
  • Polling Booths asked to treat Maori voters with respect
    “Polling booths without Maori roll voting papers, Maori people not being offered assistance to vote, people getting sent from Whangarei to Wellsford to vote, Maori people getting turned away from voting because they didn’t have their ‘easy vote’ card, Maori...
    Mana | 17-09
  • Aussie Liberals embroiled in Key campaign
    John Key needs to explain why Australia’s Liberal Party is interfering in New Zealand domestic politics and is encouraging Kiwi voters across the ditch to vote for National just days out from the election, Labour’s campaign spokesperson Annette King says....
    Labour | 17-09
  • The MANA Plan for Beneficiaries and Income in Waiariki
    Median Personal Income for Waiariki is $21,700. Over 13,000 Maori who live in Waiariki rely upon a form of government benefit including the Unemployment Benefit, Sickness Benefit, Domestic Purpose Benefit and the Invalids Benefit. “If you’re lucky enough to have...
    Mana | 16-09
  • Māori development crucial to New Zealand’s future
    Labour recognises the concern of Māori about child poverty and the rising costs of living, and in Government will make a real difference to the wellbeing of whānau and iwi, Labour’s Māori Affairs spokesperson Nanaia Mahuta says. “As our Māori...
    Labour | 16-09
  • MAORI PARTY – DON’T COMPLAIN … WALK
    “If the Maori Party are serious about stopping government spying on NZ citizens then they should tell the Prime Minister to either stop doing it or they will walk away” said MANA leader and Tai Tokerau MP Hone Harawira, on...
    Mana | 16-09
  • JOHN KEY SUPPORTING LABOUR
    “There is something really sick about a National Party Prime Minister coming out in support of a Labour candidate” said MANA leader and Tai Tokerau MP, Hone Harawira, after hearing that John Key is urging voters to back Labour in...
    Mana | 16-09
  • SHUT DOWN THIS GOVT NOT KAITI WINZ – Nikora
    “I’m going to make it as hard for you to get help as I can” is Paula Bennett’s message to the people of Kaiti  said MANA candidate Te Hāmua Nikora today in response to the news that National will close...
    Mana | 16-09
  • Winegums make for better polling – Harawira
    I wanted to laugh when I saw the Native Affairs poll the other night (Hone Harawira 38%, Kelvin Davis 37%) because it was almost the same as the one they did back in 2011”, said MANA leader and Tai Tokerau...
    Mana | 16-09
  • The Leadership of MTS Lied – Harawira
    “Normally I’m happy to tell people that I was right but when I received the news about the staff cuts at Maori Television, I had nothing but sympathy for the three Maori media leaders who are going to be made...
    Mana | 16-09
  • Privileges Complaint Laid against Prime Minister – Harawira
    MANA Movement Leader and Te Tai Tokerau MP Hone Harawira has today lodged a Privileges Complaint with the Speaker regarding the Prime Ministers denials in parliament that he knew anything about Kim Dotcom before 2012. “Information made public today appears...
    Mana | 15-09
  • Sharples’ new appointments are out of order
    The new appointments to the Waitangi Tribunal announced by Dr Pita Sharples this morning are completely out of order given the election is just five days away, says Labour's State Services spokesperson, Maryan Street. “This Government continues to show disdain...
    Labour | 15-09
  • MANA Movement Housing Policy
    “When families are living in cars, garages, cockroach-infested caravans and three families to a house then we have a housing crisis”, said MANA leader and MP for Te Tai Tokerau, Hone Harawira. “When you have a housing crisis for low-income...
    Mana | 15-09
  • Bigger than the Foreshore and Seabed – Sykes
    “Over the past week I have received some disturbing information that has led myself and a number of Maori lawyers to conclude that this National - Maori Party - ACT and United Future Government are going to put an end to both...
    Mana | 14-09
  • MANA wants Te Reo Māori petition fulfilled
    Hone Harawira, MANA Leader and MP for Te Tai Tokerau Annette Sykes, MANA candidate for Waiariki Te Hāmua Nikora, MANA candidate for Ikaroa Rāwhiti  “More than four decades have passed and the petition calling for Te Reo Māori in schools...
    Mana | 14-09
  • Primary focus on the critical issues
    A Labour Government will prioritise New Zealand’s agricultural sectors by recreating a Rural Affairs Minister and appointing a Primary Industry Council and a Chief Agricultural Adviser. Releasing Labour’s Primary Sector and Rural Affairs policies today, spokesperson Damien O’Connor says the...
    Labour | 12-09
  • Maori Television fears confirmed – Harawira
    ...
    Mana | 12-09
  • More ghost houses from National
    The Government’s desperate pre-election announcement of more ghost houses won’t fool Aucklanders wanting action on the housing crisis, says Labour’s Housing spokesperson Phil Twyford. “These are ghost houses, to go with National’s ghost tax cut. Families cannot live in ghost...
    Labour | 12-09
  • National bows to union pressure over travel time
    National has reluctantly bowed to pressure from unions and adopted Labour’s fair and sensible policy to pay home support workers for the time they spend traveling between clients, Labour’s Associate Health spokesperson Iain Lees-Galloway says. “This decision is long overdue...
    Labour | 12-09
  • Predators on Poverty – Harawira
    “As poverty has ballooned out of control, the Predators on Poverty have emerged to suck the lifeblood from whole families and communities” said MANA Movement leader and Tai Tokerau MP, Hone Harawira. “They are deliberately targeting low-income areas, particularly those...
    Mana | 11-09
  • MANA Movement Policy Launch
    Predators on Poverty (pokie machines, alcohol outlets and loan sharks) 1pm, Thursday 11th September Corner Great South Road and Criterion Street Otahuhu Shopping Centre...
    Mana | 10-09
  • Eliminating Poverty – Sir Edmund Hillary Collegiate, Otara | Internet MAN...
    A campaign to Eliminate Poverty, Feed the Kids, build more houses, and create thousands of new jobs, was outlined by Internet MANA at a public meeting in Otara this evening. When MANA and the Internet Party first sat down to...
    Mana | 09-09
  • Housing in Waiariki – Sykes
    Fact:  Under this National-Maori Party-ACT-United Future Government 61% of Maori in Waiariki do not own their own home and nearly 70% of Maori rentals in Waiariki pay $200 or more per week. “Maori in Waiariki have low rates of home ownership...
    Mana | 09-09
  • Charter school crisis shows time to axe costly experiment
    Dysfunction from day one at a Northland charter school shows it is time to dump this costly and failed experiment by the National-ACT Government, Labour’s Education spokesperson Chris Hipkins says. “Te Kura Hourua ki Whangaruru received $27,000 in government funding...
    Labour | 08-09
  • Labour will crack down on loan sharks
    A Labour Government will crack down on predatory loan sharks by making it illegal both to charge exorbitant interest rates and to exploit uninformed borrowers, Labour’s Consumer Affairs Spokesperson Carol Beaumont says. Labour today released its Consumer Affairs policy which...
    Labour | 08-09
  • Let’s do the FEED before the weed
    “Last week I put out a very strongly worded email to my colleagues about an online promotion about cannabis law reform” said MANA leader and Tai Tokerau MP, Hone Harawira “and I stand by that criticism today.” My concern was...
    Mana | 08-09
  • TE KAEA and NATIVE AFFAIRS live to fight another day
    “I understand that both the chair of the Board of Maori Television, Georgina Te Heuheu, and new CEO, Paora Maxwell, are now saying that my comments this morning about their plans to cut Te Kaea and Native Affairs, were wrong, and that...
    Mana | 08-09
  • How come the PM only pays 2.8% of his income in tax – Harawira
    “Before John Key talks about the piddling tax cuts he plans for low and middle income families today he needs to explain why he only pays 2.8% of his income on tax while a minimum wage worker pays 28% tax,”...
    Mana | 07-09
  • THE DEATH OF INDEPENDENCE FOR MAORI TV
    “If what I’m hearing is true, tomorrow Maori Television Service (MTS) will dump its news programme, Te Kaea, and staff will lose their jobs” said MANA Leader and MP for Te Tai Tokerau, Hone Harawira “and the Minister of Maori...
    Mana | 07-09
  • Labour recommits to Pike River families
    An incoming Labour-led government will do everything possible to recover the bodies of the Pike River Miners and return them to their families, says Labour Leader David Cunliffe. “This tragedy and its aftermath has left the families of the 29...
    Labour | 06-09
  • Voting has started and still no tax plan or fiscal budget for voters to see
    "Even though voting for the election has already begun, National still refuses to provide any details of its proposed tax cuts. And Bill English admitted this morning that he won’t provide any specifics until after the election", Labour’s Finance spokesperson...
    Labour | 06-09
  • National’s partners’ tax plans cost at least $42 billion
    If National forms the next government its partners’ tax plans will cost the country at least $42 billion, and maybe as much as $50 billion, wreaking havoc with the books, says Labour’s Finance spokesperson David Parker. “National claims to be...
    Labour | 05-09
  • Labour: Providing more opportunities for young Kiwis
    A Labour Government will ensure every young Kiwi under the age of 20 is given the opportunity to be in work, education or training, and plans to develop a conservation apprenticeship scheme to help do that, Labour’s Youth Affairs spokesperson...
    Labour | 04-09
  • Candles out on teachers’ slice of birthday cake
    Today may be Novopay’s second birthday, but there’s little to celebrate, Labour’s Education spokesperson Chris Hipkins says. “Novopay has cost the taxpayer tens of millions of dollars already, and the cost is still climbing....
    Labour | 04-09
  • National’s blatant broadband pork barrelling misses the mark by a country...
    National’s blatant pork-barrelling ICT announcement today should reinforce a growing sceptical electorate’s view that they are all about the gift wrap and not the present, Labour’s ICT spokesperson Clare Curran says. “Instead of addressing the real issues - the woeful...
    Labour | 04-09
  • More evidence of the need to clean up the system
    The latest release of emails and messages between disgraced Minister Judith Collins and blogger Cameron Slater are more evidence of the urgent need to clean up politics, Labour MP Grant Robertson says. "This new evidence confirms a near constant flow...
    Labour | 04-09
  • Labour commits to stable funding for voluntary sector
    A Labour Government will establish long-term funding and streamline contract accountability for community and voluntary groups, says Labour’s spokesperson for the sector Louisa Wall. Announcing Labour’s policy for the community and voluntary sector, she said this would give much greater...
    Labour | 04-09
  • Better trained and skilled workforce under Labour
    Labour is committed to a skilled workforce that benefits businesses as well as their workers, and will increase workplace training to improve productivity and drive innovation, Labour Leader David Cunliffe says. “Labour believes the Government should support New Zealanders into...
    Labour | 03-09
  • Labour will make renting a better option
    Labour will provide greater security of tenure for renters, and build more state and social housing, says Labour’s housing spokesperson Phil Twyford. “Labour believes every kid deserves a decent start in life. That means a warm, dry and secure home....
    Labour | 03-09
  • At least 15 new taxes under National
    John Key is the last person to talk about creating taxes, presiding over a Government that has imposed at least 15 new taxes, Labour Leader David Cunliffe says. “John Key tried a novel line in the debate last night claiming...
    Labour | 03-09
  • Labour will strengthen New Zealand’s democracy
    A Labour Government will act quickly to protect and enhance New Zealand’s reputation as one of the most open and least corrupt countries in the world, Labour Leader David Cunliffe says. “The health of any democracy is improved by greater...
    Labour | 02-09
  • MANA Movement says tax cut on GST must be first priority – Minto
    “If Prime Minister John Key has money available for tax cuts then cutting GST must be the first priority”,  said MANA Movement Economic Justice Spokesperson John Minto. GST is a nasty tax on low-income families”, said Minto. “People in the...
    Mana | 02-09
  • The Maori Party’s Mana-Enhancing Relationship with National – Minto
    “First we had Cameron Slater and David Farrar backing Labour’s Kelvin Davis bid to unseat MANA Movement Leader and MP for Te Tai Tokerau Hone Harawira.  Now we have Slater writing a pro-Te Ururoa Flavell article on his website, Whale...
    Mana | 02-09
  • There’s Only One Poll That Counts
    “One of the oldest sayings in politics is that there is only one poll that counts – the one on Election Day – and that’s the one that I am focusing on” remarked the MANA Movement candidate for Waiariki, Annette...
    Mana | 02-09
  • Local communities critical to Civil Defence
    Labour will focus on empowering New Zealand communities to be resilient in Civil Defence disasters, says Labour’s Civil Defence spokesperson Clare Curran. Announcing Labour’s Civil Defence policy, she says that Labour will work with schools, voluntary agencies and community groups...
    Labour | 02-09
  • Labour looks to long-life passports, gambling harm review
    A return to 10 year passports and a review of gambling laws are highlights of Labour’s Internal Affairs policy released today. “More than 15,000 New Zealanders signed a petition calling on the Government to revert to the 10 year system...
    Labour | 02-09
  • The success of right-wing counter messaging in the election
    One of the reasons National won the election was due to its success in counter messaging – and the way so many media commentators ran with th the right-wing spin. Here are some examples. Dirty Politics The original message was...
    The Daily Blog | 22-09
  • New Flag competition
    New Flag competition...
    The Daily Blog | 21-09
  • No time for self-pity
    After 23 meetings across the largest non-Maori electorate in the country – almost all of which went fantastically, approx 4,500km on the odometer, positive MSM and social media coverage, and polling well, I admit my team and I headed to...
    The Daily Blog | 21-09
  • The 30 second speech that could have saved the Moment of Truth
    As the dust settles and we struggle to understand what the bloody hell happened on Saturday, many point to Kim’s failure at the Moment of Truth to present his evidence. I think that Kim was poorly advised and that politics requires a...
    The Daily Blog | 21-09
  • Internet MANA and the 2014 election
    It was always going to be a hard task for Hone Harawira to hold onto his Te Tai Tokerau seat when the political establishment united in a coalition to defeat him and the chance for Internet MANA to bring more...
    The Daily Blog | 21-09
  • GUEST BLOG: Pat O’Dea – Unity in Action
    Yes the Left have taken a drubbing, but never mind, time to pick ourselves up off the floor, patch up our wound pride, dust ourselves off, cast around for our friends and allies, and re-enter the fray. Lots of work...
    The Daily Blog | 21-09
  • A Fiji democratic mandate for the coup leader – what now for the media?
    Attorney-General Sayad-Khaiyum and Rear-Admiral (Ret) Voreqe Bainimarama’s Fiji First party is poised to lead the country in the next four years. Photo: Mads Anneberg, an AUT Pacific Media Centre student on internship in Suva with Repúblika Magazine and Pacific Scoop...
    The Daily Blog | 21-09
  • Why I voted Labour and why 2017 will be different
    As a 3nd and 5th generation Kiwi-Indian (depending on which side of the family we have to go with), my relationship with New Zealand is a special one. Like other New Zealanders who are not of the Caucasian variety, the...
    The Daily Blog | 20-09
  • Humble Pie
    Oh. My. God. This was a heartbreaking nightmare. I was wrong, horribly, horribly, horribly wrong. I honestly believed that the resources, the media attention, the vile toxic politics exposed by Dirty Politics and the mass surveillance lies would have seen...
    The Daily Blog | 20-09
  • Election 2014; A Post-mortem; a Wake; and one helluva hang-over
    .   . It would be fair to say that the results for Election 2014 did not go as anticipated. The Left has had a drubbing – and some of it was of our own making. In other aspects, there...
    The Daily Blog | 20-09
  • Voting turnout affected by bad weather?
    . . NZ, Upper Hutt, 20 September –  Cold, wet weather in the Hutt Valley, north of Wellington may be impacting on voter turn-out. A head-count of people visiting the Trentham School Voting Station in Moonshine Rd, Upper Hutt, indicated...
    The Daily Blog | 20-09
  • Final total of advance voting
    And the final total for the advance voting was a staggering 717,579 advance votes against 334,558 in 2011       Tonight, I’ll be watching the TV3 election coverage because I could bare Paul Henry’s smugness one inch more than Mike Hosking’s...
    The Daily Blog | 20-09
  • Vice article on NZ election
    Here is my Vice article on the NZ election....
    The Daily Blog | 19-09
  • The attempt to kill off Internet MANA
    It’s the last day of campaigning today and the long list of those attacking Internet MANA got longer yesterday with Winston Peters backing Labour candidate Kelvin Davis against the MANA Movement’s Hone Harawira. Davis is now supported by Labour, National,...
    The Daily Blog | 19-09
  • A final word on the election – it’s now all up to you
    Brothers & Sisters, the fate of Aotearoa is now all in your hands. We here at the Daily Blog have thrown everything we can at this bloody Government and have spent every waking hour of this campaign trying to highlight...
    The Daily Blog | 19-09
  • I can’t tell what is National Party advert and what is the NZ Herald – ...
    I can’t tell what is National Party advert and what is the NZ Herald – but then again, I never could...
    The Daily Blog | 19-09
  • TVNZ election coverage – white people telling other white people why Nati...
    TVNZ election coverage – white people telling other white people why National Party is great...
    The Daily Blog | 18-09
  • REVIEW: Royals of Kihikihi
    What an absolutely stunning show.  I had to ask twice to check I’d heard right that this is the first staged production for Samuel Christopher, who also played a raw, real, but vulnerable, Wolf Royal, home from London for his...
    The Daily Blog | 18-09
  • 800 Cops to detain 15 ‘terrorists’ – why Australia’s hysterical Isl...
    I’m sorry but I can’t take this current Australian terror threat seriously. 800 cops to detain 15 people and arrest one of them? A week after Abbot decides to send in Australian forces to the cluster fuck of Iraq, suddenly...
    The Daily Blog | 18-09
  • Unbelievable corruption inside Government to attack Kim Dotcom
    The corruption inside this Government just more and more filthy – we now have an ex-Customs Lawyer quitting  after being told to bury information that could embarrass the Government, specifically to do with Kim Dotcom… Curtis Gregorash said he was told...
    The Daily Blog | 18-09
  • Coalition for Better Broadcasting – Everyone Loves A Win-Win That Keeps G...
      Permit me to quote some figures at you… -68% of New Zealanders think political news on television focuses too much on politicians’ personalities and not enough on real issues. This is the key result of a recent UMR survey commissioned by...
    The Daily Blog | 18-09
  • Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today, another week of ...
    Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today, another week of being the most in demand broadcaster in the country...
    The Daily Blog | 18-09
  • EXCLUSIVE: Te Tai Tokerau independent poll (44% Hone-27% Kelvin) vs Maori T...
    The Te Tai Tokerau Maori TV poll on Monday this week painted a bleak picture for Internet MANA supporters, and it’s results have been seized upon by Labour, NZ First and even the Maori Party (who seem set once again...
    The Daily Blog | 18-09
  • The time for TPPA weasel words is over
    Almost every day of the election campaign there has been a policy announcement that would potentially run foul of what I understand is currently in the Trans-Pacific Partnership Agreement (TPPA):  more constraints on foreign investment or investors … regulation of...
    The Daily Blog | 18-09
  • MELTDOWN – Maori Party turns on their own Te Tai Tokerau candidate – ag...
    The tensions are building in Te Tai Tokerau with the Maori Party on the verge of meltdown. Days out from the election, the Maori Party Executive has tried to heavy their own Te Tai Tokerau Electoral Committee and their own candidate, Te Hira Paenga,...
    The Daily Blog | 18-09
  • We Can Change this Government
    We Can Change this Government – Mike Treen at the First Union stop work election meeting...
    The Daily Blog | 18-09
  • Election 2014: For and Against
    With the general election tomorrow, we have had a very noisy campaign but little sign that the electorate wishes for a fundamental change of governmental direction. This reflects in part the fact that the economic cycle is close to its decadal...
    The Daily Blog | 18-09
  • Eye To Eye Uploaded: Martyn ‘Bomber’ Bradbury
    This interview was filmed a couple of weeks ago between Willie Jackson and myself, I was a tad off with my prediction of NZ First....
    The Daily Blog | 18-09
  • The Donghua Liu Affair – The Players Revealed
      . . – Special investigation by Frank Macskasy & ‘Hercules‘ Speculation that the Beehive office of Immigration Minister, Michael Woodhouse, was behind the release of a letter linking Labour leader, David Cunliffe, with controversial Chinese businessman, Donghua Liu, is...
    The Daily Blog | 18-09
  • As if you needed another reason to boycott Telecom/Spark – they sold NZ d...
    It should read ‘never stop spying’. As if you needed another reason to boycott Telecom/Spark – they sold us down the river to the US by allowing the Southern Cross cable to be tapped… The ability for US intelligence agencies...
    The Daily Blog | 18-09
  • The NZ First-Labour Party attack strategy against Internet MANA better work
    The final days of the campaign are ticking down and Labour and NZ First are manoeuvring to kill off the Internet MANA Party by both backing Kelvin Davis for Te Tai Tokerau. It’s a risky gambit that they better pray to Christ...
    The Daily Blog | 18-09
  • Bill English’s latest insult to beneficiaries – apparently they are lik...
    National’s hatred towards the poor continues unabated as National desperately try to throw raw meat to their reactionary voter base in the hope to inspire enough hate and loathing to win back their redneck voters from the Conservative Party and from...
    The Daily Blog | 18-09
  • Eminem ain’t happy with John Key
    Eminem ain’t happy with John Key...
    The Daily Blog | 18-09
  • Key claims he did not inhale
    Key claims he did not inhale...
    The Daily Blog | 18-09
  • Final prediction on election result 2014
    What an election campaign. The character assassination of David Cunliffe kicked things off with the Herald on Sunday falsely claiming $100 00 bottles of wine, $15 000 books and $150 000 in donations  from a donor that turned out to be...
    The Daily Blog | 18-09
  • Live blog: Bainamarama takes commanding lead in Fiji elections
      Interview with Repúblika editor Ricardo Morris and Pacific Scoop’s Mads Anneberg. PACIFIC SCOOP TEAM By Ricardo Morris, Mads Anneberg, Alistar Kata and Biutoka Kacimaiwai in Suva WHILE the results are provisional at this stage, it is clear today that...
    The Daily Blog | 17-09
  • 5AA Australia: NZ Elections Two Days To Go! + Edward Snowden + Julian Assan...
    Recorded live on 18/09/14 – Captured Live on Ustream at http://www.ustream.tv/channel/multimedia-investments-ltd 5AA Australia’s Peter Godfrey and Selwyn Manning deliver their weekly bulletin: Across The Ditch. This week, they discuss the latest news as New Zealanders go to the polls on...
    The Daily Blog | 17-09
  • What has Colin Craig done for his Press Secretary to quit 2 days before ele...
    This is VERY strange.  Colin Craig’s Press Secretary Rachel McGregor, has quit 2 days before the election, allegedly telling ZB that Colin Craig was a “very manipulative man”. I’ve met Rachel many times in the past as Colin’s Press Secretary, she is...
    The Daily Blog | 17-09
  • “If you want steak, go to the supermarket and buy steak,” – A brief w...
    “If you want steak, go to the supermarket and buy steak,” said Key in the final leaders debate. Problem of course is that the 250 000 – 285 000 children living in poverty can not afford steak, milk, butter, eggs...
    The Daily Blog | 17-09
  • National’s final bash of beneficiaries before the election
    On cue, whenever National feel threatened, they roll out a little bennie bash just to keep their redneck voter base happy. Nothing like a bit of raw meat policy to keep National voters focused on the evil threat solo parents...
    The Daily Blog | 17-09
  • With All Of This In Mind, I Vote
    This is my last blog before the election and I really just want to speak from the heart. Right now in this country it seems to me that a lot of people consider the “essentials” in life to be simply...
    The Daily Blog | 17-09
  • Left has to vote strategically this election
    The dedication, loyalty, and tribalism of party politics means that sometimes the left lets itself down by not voting strategically. We all want our favoured party to get maximum votes, naturally, but the winner-takes-all approach doesn’t always suit multi-party left...
    The Daily Blog | 17-09
  • Dear NZ – as you enter the polling booth, stand up for your rights
    The last days before a NZ general election are a busy time as politicians make their pitch and party activists prepare to get out the vote. It is sort of weird watching from the distance of Europe the strangest election...
    The Daily Blog | 17-09
  • What is Waihopai, John, if it isn’t a facility for “mass surveillance...
    John Key assured us on RNZ’s Nine to Noon programme yesterday that “In terms of the Fives Eyes data bases… yes New Zealand will contribute some information but not mass wholesale surveillance.” How does this square with the operation of the...
    The Daily Blog | 17-09
  • GUEST BLOG: Catherine Delahunty – Mass Surveillance and the Banality of E...
    Renowned journalist and intellectual Hannah Arendt coined the phrase “the banality of evil” to describe the normalisation of genocide in Nazi Germany. I thought of her phrase when I was listening to Glenn Greenwald and other international whistle-blowers talking about...
    The Daily Blog | 17-09
  • Election. Down. To. The. Wire
    Funny how last week it was John Key winning by 50%, now it’s neck and neck. I have always believed this election would be down to the wire and it is proving so. The flawed landline opinion polls the mainstream...
    The Daily Blog | 17-09
  • 3rd Degree uses Whaleoil for story ideas as if Dirty Politics never happene...
    TV3s 3rd Degrees smear job on Kim Dotcom last night doesn’t bear much repeating. It was pretty pathetic journalism from a team who have brought us some great journalism in the past. It is sad to see 3rd Degree stooping...
    The Daily Blog | 17-09
  • Live blog: Bainimarama takes early lead in Fiji’s election
    Pacific Scoop’s Alistar Kata reports from yesterday’s voting. By Alistar Kata of Pacific Scoop in Suva Prime Minister Voreqe Bainimarama took an early lead in provisional results in the Fiji general election last night. With provisional results from 170 out...
    The Daily Blog | 17-09
  • Has The NSA Constructed The Perfect PPP?
    Former intelligence analyst and whistleblower, Edward Snowden – speaking live to those gathered at the Auckland Town Hall on Monday September 17, 2014. Investigation by Selwyn Manning. THE PRIME MINISTER JOHN KEY’s admission on Wednesday that whistleblower Edward Snowden “may...
    The Daily Blog | 17-09
  • No way – Key admits Snowden is right
    After claiming there was no middle ground. After claiming there was no mass surveillance. After calling Glenn Greenwald a henchman and a loser. After all the mainstream media pundits screamed at Kim’s decision to take his evidence to Parliamentary Privileges...
    The Daily Blog | 17-09
  • LGNZ congratulates National
    LGNZ congratulates National Local Government New Zealand (LGNZ) congratulates re-elected Prime Minister John Key and the National led government on winning their third consecutive term following Saturday’s general election. LGNZ President Lawrence Yule acknowledges...
    Scoop politics | 22-09
  • The Letter – 22 September 2014
    John Key’s win is historic. In the history of MMP elections – worldwide – ever – no government has won an absolute majority. MMP was imposed on Germany to make sure that country never had another Hitler. It is designed...
    Scoop politics | 22-09
  • Election Coverage – None Better Than Trans Tasman
    To get a steer on what was going to happen in the election - away from the histrionics of the mainstream coverage - the best place to go was The Main Report Group’s weekly political report Trans Tasman....
    Scoop politics | 22-09
  • Federated Farmers intemperate
    For the second time in a week Federated Farmers has made intemperate and provocative comments on environmental issues, says EDS....
    Scoop politics | 22-09
  • MP’s Stolen Items Recovered
    Following a complaint to Parliamentary Services today [ September 19 ], items which had been stolen from NZ First MP Andrew Williams’ Wellington parliamentary office have been recovered and returned....
    Scoop politics | 22-09
  • Election results bad news for those on benefits
    Beneficiary Advocate Kay Brereton says, “ The election result holds no good news for people on benefits, National campaigned successfully with their beneficiary bashing agenda, and will now believe their punitive treatment of beneficiaries has the support...
    Scoop politics | 22-09
  • Opportunity to progress water infrastructure
    “National’s re-election is an opportunity to develop the infrastructure New Zealand needs to provide surety of water for agriculture, town drinking water supply, waterways, recreational use and to future proof the country from climate change,” says Andrew...
    Scoop politics | 21-09
  • Wellington City joins the global call for 100% clean
    At 1:00 pm, residents and visitors of Wellington gathered at the summit of Mt Victoria to join the millions strong call for a 100% clean future....
    Scoop politics | 21-09
  • Hikoi with us from Cape Reinga to Auckland Oil Conference!
    Monday 22 September 2014: Maori from different tribal areas along the western length of Northland are organising a hikoi starting on Saturday to a Government oil conference in Auckland to make sure that Norwegian oil giant Statoil gets the message:...
    Scoop politics | 21-09
  • Roy Morgan NZ Election Update With A Look At The Polls
    Roy Morgan NZ Election Update With A Look At The Polls National re-elected to third term with record high vote as Labour slumps to worst result in over 90 years...
    Scoop politics | 21-09
  • National-led Government wins mandate for RMA reforms
    An unprecedented increase in support for the third-term National Party, the best electoral performance since 1899, has delivered a clear mandate for reform of the Resource Management Act says Federated Farmers. “Vital reforms to the RMA have...
    Scoop politics | 21-09
  • New Zealand says no to Culture of Death
    Right to Life is pleased that the people of New Zealand have rejected a culture of death by refusing to elect a Labour/Green government that supported the decriminalisation of abortion....
    Scoop politics | 21-09
  • Q + A – Steven Joyce
    CORIN Steven Joyce if we could start with how things are going to look now with your support partners. Can you just run us through, National can technically govern alone on what you’ve got at the moment, do you think...
    Scoop politics | 21-09
  • Q + A – Kelvin Davis
    SUSAN Well earlier this morning, just before we came to air in fact, Corin spoke to Kelvin Davis, one of the big winners of the night, the new MP for Te Tai Tokerau....
    Scoop politics | 21-09
  • Q + A – David Cunliffe
    CORIN Joining me now is Labour Leader, David Cunliffe. Good morning to you Mr Cunliffe. This is a tough result for Labour, how much personal responsibility do you take for this....
    Scoop politics | 21-09
  • Grey Power congratulates Key
    Grey Power National President Terry King congratulated John Key for his party’s “resounding win “ in yesterday’s election and hoped that the new National Government would look hard at issues affecting the ever–growing number of older New Zealanders....
    Scoop politics | 21-09
  • EMA congratulates PM John Key and National
    The Employers and Manufacturers Association extend hearty congratulations to the re-election of Prime Minister John Key and National....
    Scoop politics | 21-09
  • Helen Clark Receives Inaugural Women’s Health Rights Award
    Helen Clark was honoured as the first recipient of the Women’s Health Rights Award at the 121st Woman’s Suffrage event held in Auckland....
    Scoop politics | 21-09
  • National deal with New Zealand First unlikely
    The National party is unlikely to offer a confidence and supply agreement to New Zealand First according to Dr Ryan Malone, Director Training and Research at Civicsquare....
    Scoop politics | 20-09
  • Daily Election Update #12: NZ First to hold balance of power
    Winston Peters’ NZ First Party will hold the balance of power after tomorrow’s election, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict. Mr Peters is then expected to back a National-led...
    Scoop politics | 19-09
  • Election Day is Time to Refocus on Policies
    Over the course of this election campaign there has been a lot of focus on dirty politics and spying, and not a lot on policy. With election day looming, Gareth Morgan is calling for people to refocus on the issues....
    Scoop politics | 19-09
  • The Kiwi FM Alternative Election Commentary
    Saturday 20 September from 7pm on 102.2 Auckland, 102.1 Wellington, 102.5 Canterbury, or KiwiFM.co.nz...
    Scoop politics | 19-09
  • Beneficiary Bashing unacceptable
    Kay Brereton of the Beneficiary Advocacy Federation of New Zealand says “ the comment made by Bill English yesterday comparing beneficiaries to crack addicts is shocking and incredibly poorly timed.”...
    Scoop politics | 19-09
  • UN Experience Beneficial
    Acclaim Otago representatives have just completed their participation at the UN Convention on the Rights of Persons with Disability examination of the New Zealand government in Geneva, Switzerland. "It was an interesting two days which we believe has...
    Scoop politics | 19-09
  • Changing face of NZ should be reflected in newsrooms
    With Fairfax Media’s Journalism Intern search closing on Sunday, Race Relations Commissioner Dame Susan Devoy is urging aspiring journalists from Maori, Pacific and ethnic communities to apply. The deadline was recently extended to 10pm, Sunday...
    Scoop politics | 19-09
  • SPCA expresses concern over toxin in waterways
    Ric Odom CEO of Royal NZ SPCA has expressed concern over the toxic poison 1080 entering waterways, but DoC, Council’s and Ministry of Health have colluded to make it legal....
    Scoop politics | 19-09
  • NZ 2014 Election Index – 13-18 September
    Below is iSentia’s final weekly Election Index, covering the period 13-18 September and showing the relative amount of coverage of nine Party Leaders in the lead up to the National Election across news media and social media. The methodology used...
    Scoop politics | 19-09
  • Epsom Candidate (Adam Holland) More Liberal Than ACT
    For the past four years I, like 500,000 other New Zealanders, have been illegally smoking cannabis for medicinal purposes and/or even just for the occasional laugh with friends on the weekend. We don't hurt anybody, we don't cause nuisance, we...
    Scoop politics | 19-09
  • Left Coalition Will Save Dolphins
    A left coalition would safeguard both Māui and Hector’s dolphins, as well as revive our inshore ecosystems. Labour, Internet Mana and the Green Party all have strong policies in place for dolphin protection. The Maori Party, and to a certain...
    Scoop politics | 19-09
  • Waihoroi Shortland: Ngāti Hine is not standing alone
    The Chairman of Te Rūnanga a Iwi o Ngāpuhi, Sonny Tau is blowing smoke worthy of a Dotcom rally with claims that Ngati Hine is standing alone in its opposition to Tūhoronuku says the Chairman of Te Rūnanga o Ngati...
    Scoop politics | 19-09
  • Oceania voices on environment loud and strong
    While money and energy continues to be spent on global talks about climate change, Pacific islanders are scrambling to build sea walls out of sticks, stones, shells and coral, to protect their lands and homes from erosion and rising sea...
    Scoop politics | 19-09
  • Prime Time with Sean Plunket – Tonight
    No MPs tonight --- the campaign will be over at 9 30. Instead we will look back --- and possibly forward on what we have learned and what might happen. Listener Political Columnist Jane Clifton Editor in Chief, NZ Herald,...
    Scoop politics | 19-09
  • Election fails to address youth financial wellbeing
    Young people don’t feel included in New Zealand’s financial success and believe inequality is a problem, according to a new survey conducted by Westpac’s Fin-Ed Centre at Massey University....
    Scoop politics | 19-09
  • Winston’s Waffle doesn’t hide the facts
    The Conservative Party is celebrating the ASA's finding announced today that rejected all but one of the complaints raised against its controversial “Conservatives or Peters” pamphlet. “Despite pages of complaints from Peters legal team the only...
    Scoop politics | 19-09
  • NZ Independent Coalition looking forward to tomorrow
    “Our team is looking forward to tomorrow. It is a real opportunity to reclaim politics for the people,” said NZ Independent Coalition leader Brendan Horan....
    Scoop politics | 19-09
  • Insights Issue 35/2014 – 19 September 2014
    Insights Issue 35/2014 - 19 September 2014 In This Issue • RMA reform the golden unicorn of policy | Jenesa Jeram...
    Scoop politics | 19-09
  • Special voting arrangements made for NIWA crew
    One of the most unusual polling stations for this year’s general election is in the middle of the ocean miles from land. NIWA’s flagship research vessel Tangaroa, has been doubling as a polling booth for crew and scientists at sea....
    Scoop politics | 18-09
  • Tourism operators urged to vote strategically
    Tourism operators should make sure they know their local candidates’ view on tourism and use their vote to support the country’s second largest export industry, says Chris Roberts, Chief Executive, Tourism Industry Association New Zealand (TIA)....
    Scoop politics | 18-09
  • WGTN: March for free education
    We are students, university staff, and members of the community. Whichever parties form a government after September 20th, we are demanding an end to corporatisation of education....
    Scoop politics | 18-09
  • Evidence of Corruption a National Scandal
    Internet Party leader Laila Harré will take evidence of corruption to international forums if there is not a full Royal Commission to investigate the growing evidence of the systematic use and abuse of democratic institutions and processes for political...
    Scoop politics | 18-09
  • Govt continues to throw money at charter school experiment
    Official documents reveal the three primary sector charter schools approved last week will cost $2 million to set up as well as divert another $1.5 million of potential taxpayer investment from local state schools next year....
    Scoop politics | 18-09
  • ACT Final Election Rally
    Elections campaigns are an opportunity for political parties to put candidates and policy to enable voters to choose what sort of New Zealand we want. In this campaign there have been three tests by which you can assess the electoral...
    Scoop politics | 18-09
  • Taxpayers on Hook Again for Solid Energy
    Responding to the Fairfax article that taxpayers are extending another $103 million to keep Solid Energy afloat, Taxpayers’ Union Executive Director Jordan Williams says:...
    Scoop politics | 18-09
  • Invermay Petition Tops 10,000 Signatures
    People across New Zealand continue to express their disgust at the downgrading of Invermay, says Dunedin North MP David Clark, as the Save Invermay petition he instigated earlier this year topped the 10,000 signature mark just days before the 2014...
    Scoop politics | 18-09
  • McVicar vows to continue fight for police
    Garth McVicar stated at a public meeting last week that he would fight to retain a 24/7 Police Station in Napier and no reduction in the number of police staff for the Hawkes Bay region, some said he was simply...
    Scoop politics | 18-09
  • Party Vote Our Weapon in Fight Against Government Corruption
    Internet MANA urges New Zealanders to use their party vote to confront corruption in any new government....
    Scoop politics | 18-09
  • Election day is tomorrow – make sure you’re a part of it!
    Tomorrow, Saturday 20 September, is election day, and New Zealanders’ last chance to have a say on who leads the country for the next three years....
    Scoop politics | 18-09
  • Is the Shape of our Government out of the hands of Voters?
    In the last stuff.co.nz / Ipsos Political Poll before Saturdays election, National is down 5.1% to 47.7% and Labour up 3.7% to 26.15%. These results are remarkably similar to the 2011 election where National received 47.3% of the vote and...
    Scoop politics | 18-09
  • Spirit of Suffrage a Call to Action for All Kiwi Women
    Internet MANA is drawing on the courage and integrity of New Zealand women on Suffrage Day – Friday, September, 19 – to encourage them to pay tribute to the spirit of their foremothers who gained women the vote....
    Scoop politics | 18-09
  • Live Election Night Coverage on TV And Online
    Māori Television’s KOWHIRI 2014 – ELECTION SPECIAL kicks off at 7.00pm this Saturday with a five-hour broadcast focusing on the Māori electorates....
    Scoop politics | 18-09
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