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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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    The Jackal | 24-07
  • Mike Hosking as TVNZ’s moderator for political debates?! WTF?!
    . . I checked the calendar, and it’s not April 1st. An April Fool’s joke is the first reaction I had when I heard  that someone at  TVNZ had appointed Mike Hosking to be the moderator  for live, televised election-year...
    Frankly Speaking | 24-07
  • Mike Hosking as TVNZ’s moderator for political debates?! WTF?!
    . . I checked the calendar, and it’s not April 1st. An April Fool’s joke is the first reaction I had when I heard  that someone at  TVNZ had appointed Mike Hosking to be the moderator  for live, televised election-year...
    Frankly Speaking | 24-07
  • National Standards are awesome: Parata
    Hello everyone! I am the Minister of Education and I am more stoked than an illegal Christchurch log-burner. How exciting is a day like today when we can release a vast amount of information to our good friends in the...
    My Thinks | 24-07
  • Neo Liberal interest rate hike
    In order to honour his commitment to keep inflation in check, and due to the gross negligence of the current Government in failing to deliver large scale housing developments in Auckland and Christchurch, the Reserve Bank Governor today increased the...
    Closing the Gap | 24-07
  • The Dark Snow team investigates the source of soot that’s acceleratin...
    Around the planet, wildfires are becoming larger and more destructive. This summer, a series of wildfires enveloped large areas of Canada’s Boreal forest, blanketing western North America with smoke. One key question is, do these fires have an effect on...
    Skeptical Science | 24-07
  • Hosking votes National
    It never ceases to amaze me just how arrogant and/or deluded the right wing media are here in New Zealand. Not only did we have TVNZ trying to portray Cameron Slater, a blogger known for his hate speech, as some...
    The Jackal | 24-07
  • Gerry Brownlee offers to resign
    Gerry Brownlee offered to resign as Transport Minster today after getting caught out skipping security at Christchurch airport. Prime Minister John Key says he was “really disappointed” after Gerry Brownlee bypassed airport security this morning, but he has been quick...
    Transport Blog | 24-07
  • Step back: What WWI can teach us about Ukraine
    For the past year I have been on the World War I Commemoration Panel. The members include people as diverse as Sir Peter Jackson, Dame Anne Salmond, and Sir Bob Harvey. One of the most interesting things I have done...
    Pundit | 24-07
  • There’s a name for this…
    The latest atrocity in the Australian government's war on refugees: covering up the rate of self-harm and attempted suicide:Harrowing eyewitness accounts from the president of the Australian Human Rights Commission and a team of medical experts say there is a...
    No Right Turn | 24-07
  • Deep State Power Crimes: An Anglo-American News Blindspot in MH-17 Coverage
    MH-17 vs Ukrainian SU-25? Russian Defense Ministry claims a Ukrainian SU-25 fighter jet was within 5-10 km of MH-17. By Snoopman, 24 July 2014 No Brainer vs No Brainer It’s fascinating to see TVNZ’s One News ask its viewers on...
    Snoopman News | 24-07
  • UK police spied on their critics
    First, it was the family of Stephen Lawrence. Now we learn that the UK police spied on other people seeking justice from them as well:Undercover police gathered intelligence on grieving families who were battling the Metropolitan police for justice, including...
    No Right Turn | 24-07
  • Gerry
    So Gerry's a complete screw up. (Again.) That sounds like something for Gerry to explain all by himself. Have fun, Gerry. Filed under: nationalGerry Brownlee...
    Polity | 24-07
  • An answer to the anti-fluoride critics – in one image
    Click image to enlarge.  The chemical website Compound Interest, is producing a series of infograms to communicate some chemistry.  Here is an excellent one they produced on fluoride. I think it would make a great poster. It is accompanied by...
    Open Parachute | 24-07
  • Everything in moderation
    I’m not sure it really warranted being front-page news (Gaza? MH17? Anyone?) but the announcement of Mike Hosking as the anointed moderator for TVNZ’s political leaders’ debates was always going to lead to a bit of head-scratching. Hosking’s political leanings...
    Boots Theory | 24-07
  • Key and Hauiti – don’t ask, don’t tell
    How much money did National’s soon-to-be-former List MP Claudette Hauiti misspend on parliamentary credit card? We don’t know. As a mere backbencher, her credit card information can’t be OIAd, meaning that they only way we’ll ever find out is if...
    Occasionally erudite | 24-07
  • Exports continue to simplify under National
    Export data released today from Statistics New Zealand today shows a continuing and disturbing trend in the New Zealand economy — we are exporting less high-valued manufactured goods (down 12.5 percent) and less high-valued manufactured goods as a proportion of...
    frogblog | 24-07
  • Mike Hosking is not a Thing That Matters
    TVNZ plans to have Mike Hosking as its moderator for the network’s televised leaders’ debates. To my mind, it’s a stupid choice, but then I’m someone who can’t stand Mr Hosking’s brand of ageing hipster, Paul Henry-esque, elitist minority bashing “broadcasting”....
    Occasionally erudite | 24-07
  • Another botched execution in the US
    Another US execution has gone horribly wrong:The controversy engulfing the death penalty in the United States escalated on Wednesday when the state of Arizona took almost two hours to kill a prisoner using an experimental concoction of drugs whose provenance...
    No Right Turn | 24-07
  • A serial offender
    So it wasn't just a holiday in Oz Claudette Hauiti tried to stick us with:Outgoing National MP Claudette Hauiti admits using her parliamentary charge card to buy petrol for her personal car in a further breach of the rules on...
    No Right Turn | 24-07
  • Should we charge tourists extra for driving on NZ roads?
    There have been a few suggestions recently that international tourists should be paying more to drive in New Zealand, or have to pass a driving test, or things along those lines. Winston Aldworth, the Travel Editor at the Herald, wrote...
    Transport Blog | 24-07
  • Govt gives $107m for Lincoln buildings, $0 for staff
    Hau Taki Haere Vol 17 No 24 The government has agreed to give up to $107.5 million in capital funding toward the rebuilding of Lincoln University’s science facilities destroyed in the Canterbury earthquakes. While welcoming...
    Tertiary Education Union | 24-07
  • Can you really trust your gut? And should you?
    Have you ever been in an interview and thought to yourself “this person just feels […] The post Can you really trust your gut? And should you? appeared first on Connected....
    Potentia | 24-07
  • Non-teaching staff claim to join AIS agreement
    TEU members at Auckland Institute of Studies (AIS) started bargaining with their employer this week and they have want non-teaching members want the chance to bargain too this time. AIS, a large institution with a...
    Tertiary Education Union | 24-07
  • Nurses petition for entry programme for new nurses
    The New Zealand Nurses Organisation has launched a petition to get a nurse entry to practice (NEtP) position for every new graduate nurse. NZNO spokesperson Liz Robinson says New Zealand is facing a significant nursing shortage...
    Tertiary Education Union | 24-07
  • Cleaners, kitchen and services staff want professional development
    Tertiary education cleaners, service staff and kitchen workers need more professional development opportunities says TEU national president Lesley Francey. Her call follows a mini-conference of TEU members working in cleaning, kitchens and services held...
    Tertiary Education Union | 24-07
  • TEU develops strategy to support Māori students
    TEU’s national council wants more action to address the needs of Māori students following information earlier this year that Māori students take significantly longer to pay back student loans. TEU’s Te Tumu Awhina, Margaret Taurere...
    Tertiary Education Union | 24-07
  • From Here To There: How Did Labour Become So Hopelessly Lost?
    No Direction Home: Has Labour ever been so lost? Has the path to electoral victory ever been so obscured? Starting from where they are now, how can they possibly get to where they need to be on 20 September?WRITING ABOUT...
    Bowalley Road | 23-07
  • Internet Mana party highlights
    The Internet Mana party road-trip has been putting to shame National's badly attended meetings by packing halls around the country. Not only is the party party getting people who don't usually engage in politics to participate, the ground swell of...
    The Jackal | 23-07
  • Claudette Hauiti is a thief
    When Claudette Hauiti was appointed an MP just over a year ago, on the back of Aaron Gilmore having to quit because he abused his position, many people were happy to see a person who has a lot of attributes...
    The Jackal | 23-07
  • A da Vinci Code
    I am reminded today of the dreams of Leonardo da Vinci, one of history’s greatest theoretical aviators. “For once you have tasted flight you will walk the earth with your eyes turned skywards, for there you have been and there...
    Polity | 23-07
  • Auckland rail use spike shows need to start link now
    The Green Party today welcomes Auckland Transport figures showing rail patronage has soared by 23 percent in June from June 2013, demonstrating both the value of electrification and the need to immediately get cracking building the Auckland City Rail link."We...
    Greens | 25-07
  • Soaring rail use in Auckland shows need for rail link now
    The Green Party today welcomes Auckland Transport figures showing rail patronage has soared by 23 percent in June from June 2013, demonstrating both the value of electrification and the need to immediately get cracking building the Auckland City Rail link."We...
    Greens | 25-07
  • Puhoi-Warkworth decision doesn’t stack up
    The Board of Inquiry decision on the Puhoi-Warkworth motorway gives the green light to a project that doesn’t stack up, says Labour’s Transport spokesperson Phil Twyford. “Labour would spend $320 million immediately to fix the accident black spots, put in...
    Labour | 25-07
  • Key must stand Brownlee down during investigation
    The wise thing for the Prime Minister to do is ask Gerry Brownlee to hand in his transport warrant and to stand him down for the duration of the CAA investigation, Labour Leader David Cunliffe says. “It’s not good enough...
    Labour | 25-07
  • Puhoi highway won’t help Northland roads
    The draft decision by the Environmental Protection Agency to grant resource consent to the proposed $1.65 billion Puhoi motorway doesn't stop it being a waste of money, the Green Party said today. "The Puhoi motorway is an unnecessary waste of...
    Greens | 25-07
  • Green Party to focus on issues not sideshows
    The Green Party has launched its creative for the 2014 election; Love New Zealand. The Green Party campaign focuses on the issues where there is concern that we do not love New Zealand enough; our increasingly polluted environment, increased poverty...
    Greens | 25-07
  • Coleman must come clean about FBI briefing
    Former Immigration Minister Jonathan Coleman must come clean about when he was told the FBI was investigating Kim Dotcom, Labour’s Associate Security and Intelligence spokesperson Grant Robertson says. “Jonathan Coleman has previously said ministers were not aware of the American...
    Labour | 25-07
  • Regional economies need tailored plans
    News that up to 114 jobs could be lost from Fonterra’s Canpac plant in Hamilton reinforces the need for a government plan to build resilient regional economies, Labour’s MP for Hauraki-Waikato Nanaia Mahuta says. “The Canpac site has effectively responded...
    Labour | 25-07
  • Kiwis to get the final vote on amalgamation
    New Zealanders will get the right to have a final say on any proposed local body amalgamations, says Labour’s local government spokesperson Su’a William Sio releasing Labour’s Local Government policy today....
    Labour | 24-07
  • Dr Rajen Prasad’s Valedictory Statement
    Draft Hansard Parliamentary Record. Subject to correction. Bula vinaka. Namaste, Mr Assistant Speaker. Thank you very much. Tēnā koe. I am a lucky migrant and am privileged to have received as much as I have from this country for over...
    Labour | 24-07
  • Darien Fenton’s Valedictory Statement
    Nga mihi nui - kia koutou. I acknowledge all Members of Parliament I have served with and I do so without rancour or criticism. Over nearly nine years in parliament I’ve found that despite furious debate about political difference, most...
    Labour | 24-07
  • Immigation and Kim Dotcom – Harawira
    “I just got a call from National Business Review reporter, asking whether there was any contradiction between my thoughts on immigration in 2009 and now, particularly given MANA’s newly minted relationship with Kim Dotcom” said MANA leader and Tai Tokerau...
    Mana | 24-07
  • Nats to announce 2nd crossing without rail
    Labour Transport spokesperson Phil Twyford says it has been leaked to him that John Key will rule out a rail option when announcing an accelerated timeframe for Auckland’s $5 billion second harbour crossing next month. “I understand the Government’s plan...
    Labour | 24-07
  • “They put Maori centre stage” – Harawira
    “I’m sorry I can’t be at parliament for the valedictory speeches of Tariana Turia and Pita Sharples” said Hone Harawira, MANA Leader and MP for Tai Tokerau, ”but I’d like to add my own best wishes as they reach the end...
    Mana | 24-07
  • ACT trying to have it both ways on zoning
    ACT Party candidate David Seymour’s campaign against changes to school zones in the Epsom electorate looks hollow given his party’s commitment to the abolition of school zoning altogether, Labour’s Education spokesperson Chris Hipkins says. “It’s disingenuous for David Seymour to...
    Labour | 24-07
  • Interest rate rise will hit the regions
    The latest interest rate rise will hit the fragile regional economies of  New Zealand and hurt exporters by putting more upward pressure on the exchange rate, says Labour’s Finance spokesperson David Parker.  “The regions are already hit by dropping  export...
    Labour | 24-07
  • Burning the flag or accepting the evil
    Burning the Israeli flag in Auckland in protest over the murder of innocent civilians in Gaza is nothing to be ashamed of” said MANA Leader and Tai Tokerau MP, Hone Harawira. “Calling for both sides to stand down when one side...
    Mana | 23-07
  • Photo op disguises abysmal failure
    John Key’s opening of four Housing NZ units in Bexley today is nothing more than an insincere photo op designed to hide the Government’s failure to rebuild the housing stock destroyed by the earthquakes, says Labour’s Associate Housing spokesperson Poto...
    Labour | 23-07
  • TAXPAYER UNION “outrageously stupid”
    Jordan Williams, Executive Director of the Taxpayers’ Union says a MANA billboard “appears to have been funded by taxpayers”, and calls it “an outrageous use of taxpayer money”. “But the only thing that is outrageous, is how outrageously stupid Jordan Williams was...
    Mana | 23-07
  • Green Party launches Solar in Schools policy
    The Green Party will help schools install solar and save money on their power bills by investing $20 million into solar PV systems in schools. The $20 million is expected to:Help around 500 schools install solar over three yearsResult in...
    Greens | 23-07
  • Extent of job losses at Invermay remain hidden
    Despite growing concern in the agriculture and science sectors, both AgResearch management and the Minister responsible are continuing to hide the true extent of job losses at AgResearch’s Invermay campus, Labour’s MP for Dunedin North David Clark says. “Science and...
    Labour | 23-07
  • Tōku reo, tōku oho oho, tōku reo, tōku mapihi maurea – MANA launches ...
    “MANA is launching its te reo Māori policy this morning ahead of the first reading of the government’s Māori Language Strategy Bill this afternoon”, saidMANA deputy leader and candidate for Waiariki, Annette Sykes. “MANA’s policy is based on a love...
    Mana | 23-07
  • Connectivity Upgrade to close digital divide
    Labour will close the digital divide with its Connectivity Upgrade to ensure all New Zealanders can be part of a growing, more connected economy and have the right to access quality broadband, Labour Leader David Cunliffe says.  “The digital revolution...
    Labour | 23-07
  • New parents deserve support – Labour will deliver
    ...
    Labour | 23-07
  • National refuses meeting with Maui’s advocates
    National has refused a briefing from a group of Maui's dolphins experts, whose research shows 80 per cent of New Zealanders want greater protection for the critically endangered dolphin, the Green Party said today.Dolphin campaigner Gemma McGrath and marine scientist...
    Greens | 23-07
  • MANA Tamaki send a challenge to Labour
    “Labour should set the agenda and purposely do something positively controversial once a week”, said MANA candidate for Mt Albert, Joe Carolan. “A good start would be for all Labour Auckland MPs and members to join the Justice for Palestine...
    Mana | 23-07
  • We must act to save our dolphins
    A new report makes it clear for the urgent need to protect Maui’s and Hector’s dolphins while arguing  it is clear that there is no need for further research, says Labour’s Conservation spokesperson Ruth Dyson.  “Labour backs the public call...
    Labour | 23-07
  • School told to manipulate national standards data
    Parents can have little confidence in the Government’s National Standards after an Auckland school was told to manipulate its data so it added up, Labour’s Education spokesperson Chris Hipkins. “Valley School in Pukekohe was advised in an email from the...
    Labour | 23-07
  • Regional economies must have tailored plans
    News that up to 114 jobs could be lost from Fonterra’s Canpac plant in Hamilton reinforces the need for a government plan to build resilient regional economies, Labour’s MP for Hauraki-Waikato Nanaia Mahuta says. “The Canpac site has effectively responded...
    Labour | 23-07
  • Auditor General slams Shared Services project
    The Auditor-General’s Office could not have been more damning about the 18 months spent on the Central Agency Shared Services (CASS) project at the Finance and Expenditure Committee this morning, says Maryan Street, Labour’s State Services spokesperson.  ...
    Labour | 23-07
  • Fonterra job losses a massive blow to Waikato
    The potential loss of up to 114 jobs from Fonterra’s Canpac plant in Hamilton is a massive blow to the Waikato region which has already lost hundreds of jobs, Labour says. Labour’s Social Development spokesperson and Hamilton-based list MP Sue...
    Labour | 23-07
  • Basin flyover decision an opportunity for capital
    The decision to reject the proposed flyover at the Basin Reserve must be taken as an opportunity to properly fund Wellington’s transport future and must not be used as an excuse to take resources away from the capital, Wellington Labour MPs...
    Labour | 22-07
  • National out of touch with the regions
    John Key is out of touch with regional New Zealand if he believes tinkering with council regulations will restore opportunities to small towns, Labour Leader David Cunliffe says. “While the regions are crying out for sustainable growth and job opportunities,...
    Labour | 22-07
  • Flyover rejection a victory for sustainable transport
    The rejection of the proposed Basin Reserve flyover by a Board of Inquiry is a victory for sustainable transport in Wellington and paves the way for other alternatives to be given a fair hearing, Wellington Labour MPs Grant Robertson and...
    Labour | 22-07
  • Reo Māori Policy Launch
    MANA will be launching its Reo Māori policy at 10am Thursday 24 July, at Matangireia (the old Māori Affairs Select Committee room at Parliament). We will also be addressing our concerns regarding the Minister of Māori Affairs Māori Language Strategy...
    Mana | 22-07
  • Basin Flyover decision victory for common sense
    The Green Party welcomed the Environmental Protection Authority's draft decision announced today not to allow the $90 million Basin Reserve flyover in Wellington to proceed."Both popular and expert opinion opposed the flyover. The proposal was expensive, unnecessary and would have...
    Greens | 22-07
  • Loss Leading could destroy Kiwi lamb’s reputation
    Meat companies that supply supermarkets and sell New Zealand lamb as a loss leader in the United Kingdom should lose their access to this valuable quota market, said Labour’s Primary Industries spokesperson Damien O’Connor. “Our reputation as a Lamb producer...
    Labour | 22-07
  • Ae Marika! 22 July 2014
    The big storm has gone, but the damage that it did and the saturation levels that it reached meant that smaller storms quickly overwhelmed roading, and water-flow systems again in the north. And although certain individuals are talking up the...
    Mana | 21-07
  • 2014 Roger Award nominations now open
    The Roger Award is for The Worst Transnational Corporation Operating in Aotearoa/New Zealand in 2014 Nominations are now open please visit the website to nominate the worst TNC in Aotearoa. You will need to include reasons why you think your...
    Mana | 21-07
  • Labour will revive the regions with new fund
    The next Labour Government will co-develop Regional Growth Plans for every region of New Zealand and will invest at least $200 million in a fund to create breakthrough opportunities for jobs and sustainable growth, Labour Leader David Cunliffe says....
    Labour | 21-07
  • Speech to Local Government New Zealand
    Speech to the Local Government New Zealand Conference 2014 Read our full regional development policy Download Introduction Early in my time as an MP I went for a long walk on a windswept Kare Kare beach with Waitakere mayor Bob Harvey. We talked...
    Labour | 21-07
  • Stop Israeli State Terror – Rally and March this Saturday 26th July, Aote...
     The humanitarian crisis in Gaza is getting much worse and the world is marching in unprecedented numbers. New Zealanders spoke out strongly last Saturday with a march of 5,000 people in Auckland (see picture below) – the biggest march ever...
    Mana | 21-07
  • NZ needs to assist UN with aid for Gaza
    The New Zealand Government should support the United Nation's efforts to raise money to assist humanitarian aid for the people of Gaza, the Green Party said today.The United Nations Relief and Works Agency for Palestine Refugees (UNRWA) has made a...
    Greens | 21-07
  • INTERNET MANA ROAD TRIP- LEG 2
      WAIKATO / TARANAKI / MANAWATU-WANGANUI  Tuesday July 29th, 6pm | RotoruaDistinction Hotel, Fenton Ballroom, 390 Fenton Street, Rotorua  Wednesday July 30th 6pm | HamiltonWaikato University, Price Waterhouse Coopers Lecture Theatre, Gate 7, Hillcrest Rd Hamilton  Thursday July 31st, 6pm |...
    Mana | 21-07
  • Road fix needed now, not later
    Northland’s roading system is in chaos and needs fixing fast, Labour List MP Kelvin Davis says.  “According to NZTA’s 10 year funding data every area of Northland has had a decrease in NZTA funding since 2008...
    Labour | 20-07
  • KiwiSaver innovations needed to build wealth
    The innovative changes to KiwiSaver suggested by the Financial Services Council today will be seriously considered by Labour as part of plans to make KiwiSaver universal, Labour’s Finance spokesperson David Parker says. “Universal KiwiSaver is an essential part of Labour’s...
    Labour | 20-07
  • Greens announce 20 hours free ECE for two year olds
    The Green Party today announced that its key social platform for this election will be to tackle child poverty and inequality by ensuring every child in New Zealand has enough to thrive.The Green Party will make a series of policy...
    Greens | 20-07
  • MANA Pasifika Says NO To Discrimination
    Vice Chairperson of MANA Pasifika James Papali’i  feels for Ms Tupou and her children after they were served with trespass orders from their  local swimming pool in new market. With no warning or explanation from the pool staff Police ordered...
    Mana | 20-07
  • MANA Movement policy release – Economic Justice – John Minto
    Address notes from Mana Economic Justice Spokesperson and co-vice President John Minto to Economic policy launch in Kelston – 2pm, Sunday 20 July 2014. Reducing inequality and giving everyone a fair go MANA Movement’s policy prescription for a rich man’s...
    Mana | 20-07
  • One-sided reporting on the Middle East Conflict
    The following was sent to New Zealand Herald, Fairfax Media, Radio New Zealand, Television New Zealand, TV3, Radio Live and ZB Network. We are writing to all of you because there are well established patterns of reporting which seem to have been adopted by New Zealand...
    Mana | 20-07
  • Selfies: Labour’s Electorate MPs are at it again
    IT’S A LITTLE TRIANGLE of grass at the corner of Rewa Street and Mt Eden Road, ideal for election hoardings. Wandering along Mt Eden Road last Saturday morning to our weekly appointment with the brunch menu at Orvieto, my family and...
    The Daily Blog | 25-07
  • Well, well, well – Jonathan Coleman did know about FBI interest into Kim ...
    Last years GCSB Town Hall meeting in Auckland Oh dear, the cover up and lies are starting to fall over now aren’t they… Coleman knew of FBI interest in Dotcom pre-residency decisionGovernment minister Jonathan Coleman knew the FBI was interested...
    The Daily Blog | 24-07
  • Why You Must March Against Factory Farming This Saturday, 12pm
    The rally this Saturday is critical because this is the FIRST TIME IN NEW ZEALAND HISTORY that a major party has agreed to ban all intensive factory farming practices. The Labour party, the Greens, Internet-Mana, the SPCA, SAFE and other...
    The Daily Blog | 24-07
  • Astronaut tweets photo of explosions over Israel and Gaza from space
      This is what a war zone looks like from space: From aboard the International Space Station, German astronaut Alexander Gerst tweeted this image as the station passed over Israel and Gaza in what he called ‘his saddest photo yet’....
    The Daily Blog | 24-07
  • When Firstline are focusing on flag burning rather than dead Palestinian ch...
    The IDF are butchering children in UN schools this morning and what’s the big issue on TV3s Firstline? Flag burning. How pathetic, and what a slap in the face to Mike McRoberts who is currently risking his life in Gaza...
    The Daily Blog | 24-07
  • ‘Victim’ vs ‘Terrorist’
    ‘Victim’ vs ‘Terrorist’...
    The Daily Blog | 24-07
  • Petition asking TVNZ to stand Hosking down as election moderator jumps to o...
    In just a day the petition calling on TVNZ to replace Hosking as the election moderator has jumped to over 2500, you can sign it here. The defence that the Right are trying to run here is that John Campbell...
    The Daily Blog | 24-07
  • When the mainstream media go feral: the descent into sheer farce, according...
    . . It had to happen, I guess… The media pack-campaign against Labour Leader David Cunliffe has managed to  plumb new depths of absurdity. On TV3, on 24 July,  TV3/Tova O’Brien ran this report on their 6PM News bulletin, about...
    The Daily Blog | 24-07
  • Coalition for Better Broadcasting: MIKE HOSKING FOR PM?
    Yes indeed. Mike Hosking is for the PM. And now he’s able to do even more as moderator (or should that be immoderator) of TVNZ’s election debates. Here at the Coalition for Better Broadcasting we feel it’s pretty safe to say that...
    The Daily Blog | 24-07
  • The lie that “There is no alternative” to neo-liberal economic policies
    Supporters of President Maduro in Venezuela rally   Since the 1980s we have had drubbed into our heads that there was no alternative to the economic and social policies unleashed at that time. It even had it’s own acronym – TINA. The...
    The Daily Blog | 24-07
  • A Kanaky tale of mining skulduggery and environmental courage
    Florent Eurisouké … still campaigning against mining. Photo: Del Abcede/PMC David Robie also blogs at Café Pacific AN EXTRAORDINARY story of mining skulduggery and a courageous struggle by indigenous Kanak environmental campaigners has been captured in a poignant new documentary,...
    The Daily Blog | 24-07
  • UNBREAKING: The list of questions Mike Hosking will use in first TVNZ leade...
    “Good evening ladies and gentlemen and welcome to the first TVNZ leaders debate being held live in the gloriously beautiful Sky City ball room. It’s such a beautiful building boys and girls, we are so blessed to have Sky City...
    The Daily Blog | 24-07
  • Internet Party Party review
      I have been to A LOT of political party functions in my time, and they tend to be dull affairs at the best of times but what is happening with Internet MANA is something quite exciting. I went to...
    The Daily Blog | 24-07
  • Dear Seven Sharp – after learning Hosking will be the leaders debate ...
    I have to be honest, I had made the decision last night  to accept Seven Sharp’s hastily offered opportunity to appear on their show after I savagely criticised the bullshit whitewash story they did on John Key’s favourite far right hate speech...
    The Daily Blog | 23-07
  • National refuses meeting with Maui’s advocates
    MIL OSI – Source: Green Party – Headline: National refuses meeting with Maui’s advocates Wednesday, 23 Jul 2014 | Press Release This is another reminder that the National Government does not care about the survival of the Maui’s dolphin National...
    The Daily Blog | 23-07
  • Message from CTU President Helen Kelly
    MIL OSI – Source: Unite Union – Headline: Message from CTU President Helen Kelly Dear MikeThere’s only 43 days until September 3, when voting in the General Election starts. The last day to vote is September 20.Thanks heaps for signing...
    The Daily Blog | 23-07
  • MANA Tamaki send a challenge to Labour
    MIL OSI – Source: Mana Movement – Headline: MANA Tamaki send a challenge to Labour Posted on July 23, 2014 by admin in Joe Carolan, Press Releases“Labour should set the agenda and purposely do something positively controversial once a week”,...
    The Daily Blog | 23-07
  • We must act to save our dolphins
    MIL OSI – Source: Labour Party – Headline: We must act to save our dolphins A new report makes it clear for the urgent need to protect Maui’s and Hector’s dolphins while arguing  it is clear that there is no...
    The Daily Blog | 23-07
  • School told to manipulate national standards data
    MIL OSI – Source: Labour Party – Headline: School told to manipulate national standards data Parents can have little confidence in the Government’s National Standards after an Auckland school was told to manipulate its data so it added up, Labour’s...
    The Daily Blog | 23-07
  • Regional economies must have tailored plans
    MIL OSI – Source: Labour Party – Headline: Regional economies must have tailored plans News that up to 114 jobs could be lost from Fonterra’s Canpac plant in Hamilton reinforces the need for a government plan to build resilient regional...
    The Daily Blog | 23-07
  • Auditor General slams Shared Services project
    MIL OSI – Source: Labour Party – Headline: Auditor General slams Shared Services project The Auditor-General’s Office could not have been more damning about the 18 months spent on the Central Agency Shared Services (CASS) project at the Finance and...
    The Daily Blog | 23-07
  • Fonterra job losses a massive blow to Waikato
    MIL OSI – Source: Labour Party – Headline: Fonterra job losses a massive blow to Waikato The potential loss of up to 114 jobs from Fonterra’s Canpac plant in Hamilton is a massive blow to the Waikato region which has...
    The Daily Blog | 23-07
  • Basin flyover decision an opportunity for capital
    MIL OSI – Source: Labour Party – Headline: Basin flyover decision an opportunity for capital The decision to reject the proposed flyover at the Basin Reserve must be taken as an opportunity to properly fund Wellington’s transport future and must...
    The Daily Blog | 23-07
  • Indonesia: New President Widodo must make good on human rights pledges
    MIL OSI – Source: Amnesty International NZ – Headline: Indonesia: New President Widodo must make good on human rights pledges Indonesia’s new President Joko Widodo must deliver on campaign promises to improve Indonesia’s dire human rights situation, Amnesty International said....
    The Daily Blog | 23-07
  • Communities in Sierra Leone turn their backs on female genital mutilation
    MIL OSI – Source: Amnesty International NZ – Headline: Communities in Sierra Leone turn their backs on female genital mutilation While activists gather in London to discuss strategies to tackle female genital mutilation, communities across Sierra Leone have been taking...
    The Daily Blog | 23-07
  • The Gambia: Activists mark 20 years of iron-fisted repression
    MIL OSI – Source: Amnesty International NZ – Headline: The Gambia: Activists mark 20 years of iron-fisted repression The Gambian government must abolish the laws and iron fisted practices that have resulted in two decades of widespread human rights violations,...
    The Daily Blog | 23-07
  • A blog from the front lines of Palestine: It’s time for a new narrative
    I don’t know if I follow trouble or if trouble follows me, but somehow I seem to have found myself near one of the world’s hotspots again. The difference this time is that instead of sitting in some obscure location,...
    The Daily Blog | 23-07
  • GUEST BLOG: Michael Wood – The Path Ahead
    It’s well established that Labour has had a difficult couple of weeks. Getting back on to a successful path requires our focus to shift from looking inwards to outwards, heightened discipline, and inner conviction. While my assessment of New Zealand...
    The Daily Blog | 23-07
  • Employers liquidating companies to avoid paying minimum entitlements
    Across the union movement we have seen a number of documented cases now where companies are liquidating their business in order to avoid their legal obligations, in terms of paying the minimum entitlements to their workers. The most recent example...
    The Daily Blog | 23-07
  • GUEST BLOG: Joe Carolan : Positively Controversial
    The protest in Auckland last weekend that the NZ Herald claimed was attend by only a hundred people. Labour should set the agenda and purposely do something positively controversial once a week. A good start would be for all their...
    The Daily Blog | 23-07
  • Come on TV3 News – you are better than regurgitating Israeli propaganda
    Say it isn’t true TV3 News, you are seriously bitching about this???? The leader of the Mana Party, Hone Harawira, has supported flag burning at a pro-Palestinian march in Auckland at the weekend. Mana Party flags can be seen in...
    The Daily Blog | 23-07
  • The brutal siege of Palestine
    70 years ago the Jews of Europe suffered as much as any people can suffer. The Nazis set about ethnic cleansing and sent 6 million to their death. Today we watch in horror as Israel, the Jewish homeland created after...
    The Daily Blog | 23-07
  • When the mainstream media go feral: A tale of two holidays
    . . The recent non-story on David Cunliffe’s three day holiday should be proof-positive that the mainstream media (msm) is fixated on pumping out as many “bad news” reporting as can be generated by a headline-seeking; advertising-driven; lazy corporate-media system....
    The Daily Blog | 23-07
  • Canterbury housing crisis a moral, economic, health, education, and social ...
    Can they build it? No they can’t.  Occasionally I come across people who don’t believe me when I say there is a housing crisis in Christchurch.  Despite all the evidence to the contrary.  Even when I tell them that every...
    The Daily Blog | 23-07
  • Respected world visionaries of the past speak out on Israel
    Respected world visionaries of the past speak out on Israel...
    The Daily Blog | 23-07
  • From Here To There: How did Labour become so hopelessly lost?
    WRITING ABOUT the Labour Party these days puts me in mind of the joke about the American tourist and the Irish farmer. Seems there was this American tourist driving down a narrow lane in the heart of Ireland. He needed...
    The Daily Blog | 23-07
  • Oh NOW everyone thinks the ABCs are up to no good?
    Goodness last months June seems like years away doesn’t it? In June I pointed out a move by the ABCs to destabilise Cunliffe was under way. For pointing this out, Labour Party bloggers Rob Salmond and Lynn Prentice rushed to put...
    The Daily Blog | 23-07
  • Dear Seven Sharp – I have little interest in appearing on your show so th...
    After savagely critiquing Seven Sharp for trying to whitewash the repulsive history of a far right hate speech merchant like Cameron Slater yesterday, Seven Sharp have contacted me and offered to do a profile on me. Here is their email…...
    The Daily Blog | 23-07
  • Basin Flyover decision victory for common sense
    MIL OSI – Source: Green Party – Headline: Basin Flyover decision victory for common sense Tuesday, 22 Jul 2014 | Press Release “Both popular and expert opinion opposed the flyover. The proposal was expensive, unnecessary and would have undermined the...
    The Daily Blog | 22-07
  • CPAG Newsletter July 2014
    MIL OSI – Source: Child Poverty Action Group – Headline: CPAG Newsletter July 2014 22 July 2014 New child poverty data nothing to celebrate New data released by the Ministry of Social Development  indicates people living below the poverty line are worse...
    The Daily Blog | 22-07
  • Hotel ordered to pay $80,000 in outstanding wages
    MIL OSI – Source: Unite Union – Headline: Hotel ordered to pay $80,000 in outstanding wages An Auckland hotel has been ordered by the Employment Relations Authority to pay nearly $80,000 in outstanding wages to two employees. Filipino couple Abraham...
    The Daily Blog | 22-07
  • Rising interest rate and dollar driving manufacturing exports back to Globa...
    MIL OSI – Source: CTU – Headline: Rising interest rate and dollar driving manufacturing exports back to Global Financial Crisis levels The Council of Trade Unions is calling on the Reserve Bank not to raise interest rates on Thursday. “Another...
    The Daily Blog | 22-07
  • Israel/Gaza: Attacks on medical facilities and civilians add to war crime a...
    MIL OSI – Source: Amnesty International NZ – Headline: Israel/Gaza: Attacks on medical facilities and civilians add to war crime allegations The continuing bombardment of civilian homes in several areas of the Gaza Strip, as well as the Israeli shelling...
    The Daily Blog | 22-07
  • Central African Republic: Brazzaville talks should not lead to amnesties fo...
    MIL OSI – Source: Amnesty International NZ – Headline: Central African Republic: Brazzaville talks should not lead to amnesties for war crimes Amnesty International called on delegates to the Central African Republic (CAR) National Reconciliation talks due to take place...
    The Daily Blog | 22-07
  • Russia increases stranglehold on dissent as five more NGOs named ‘foreign...
    MIL OSI – Source: Amnesty International NZ – Headline: Russia increases stranglehold on dissent as five more NGOs named ‘foreign agents’ The Russian Ministry of Justice today registered four more Russian human rights organizations and one environmental group as “foreign...
    The Daily Blog | 22-07
  • Nigeria: World Bank panel turns its back on forcibly evicted community
    MIL OSI – Source: Amnesty International NZ – Headline: Nigeria: World Bank panel turns its back on forcibly evicted community The decision by a World Bank Inspection Panel to refuse to investigate a complaint about forced evictions linked to a...
    The Daily Blog | 22-07
  • National out of touch with the regions
    MIL OSI – Source: Labour Party – Headline: National out of touch with the regions John Key is out of touch with regional New Zealand if he believes tinkering with council regulations will restore opportunities to small towns, Labour Leader...
    The Daily Blog | 22-07
  • Flyover rejection a victory for sustainable transport
    MIL OSI – Source: Labour Party – Headline: Flyover rejection a victory for sustainable transport The rejection of the proposed Basin Reserve flyover by a Board of Inquiry is a victory for sustainable transport in Wellington and paves the way...
    The Daily Blog | 22-07
  • Loss Leading could destroy Kiwi lamb’s reputation
    MIL OSI – Source: Labour Party – Headline: Loss Leading could destroy Kiwi lamb’s reputation Meat companies that supply supermarkets and sell New Zealand lamb as a loss leader in the United Kingdom should lose their access to this valuable...
    The Daily Blog | 22-07
  • Labour will revive the regions with new fund
    MIL OSI – Source: Labour Party – Headline: Labour will revive the regions with new fund The next Labour Government will co-develop Regional Growth Plans for every region of New Zealand and will invest at least $200 million in a...
    The Daily Blog | 22-07
  • Announcement of New Zealand First Candidate for Rangitīkei
    New Zealand First has endorsed Dr Romuald (‘Rom’) Rudzki as the candidate for the Rangitīkei Electorate in the 2014 General Election....
    Scoop politics | 25-07
  • Labour Offer Len Brown a Hotel Tax
    The Taxpayers’ Union is slamming the Labour Party's plan to allow councils to levy new 'pillow taxes' and regional petrol taxes. Reacting to this afternoon’s NZ Herald report Jordan Williams, Executive Director of the Taxpayers’ Union ,...
    Scoop politics | 25-07
  • Cell phone evidence a first
    Cell phone evidence a first Evidence gathered solely from a cell phone has been used for the first time to convict a Hastings man for possessing child sexual abuse pictures. Michael Lawrence Worsnop, a 29-year-old orchard worker pleaded guilty to...
    Scoop politics | 25-07
  • New Zealand Aid Worker Helping in Gaza
    A New Zealand Red Cross nurse working in Gaza says she has never experienced anything like the current conflict in her long aid work career....
    Scoop politics | 25-07
  • Parking officers deserve safety at work
    The union representing the Auckland Transport parking officer severely beaten on July 17 says everyone has a right to go about their job without fear for their safety....
    Scoop politics | 25-07
  • Caritas Aotearoa NZ to provide Gaza humanitarian aid
    Caritas Jerusalem is providing medical assistance, food and other necessities to the thousands of vulnerable people affected by the escalating conflict in Gaza, and Caritas Aotearoa New Zealand is contributing an initial $20,000 to support the humanitarian...
    Scoop politics | 25-07
  • ALCP challenges parties to support Charlotte’s Web
    The leader of the Aotearoa Legalise Cannabis Party Julian Crawford is calling on all other political parties to state their position on using cannabis oil to treat pediatric epilepsy....
    Scoop politics | 25-07
  • Oxfam accepts cheque from Pacific Corporation Foundation
    Oxfam New Zealand has accepted a cheque for almost $1000 today from the Pacific Corporation Foundation toward recovery efforts in the Solomon Islands, following April’s flash flooding that left thousands homeless....
    Scoop politics | 25-07
  • Draft report and decision – Pūhoi to Warkworth proposal
    The Ara Tūhono – Pūhoi to Wellsford Road of National Significance: Pūhoi to Warkworth section Board of Inquiry has released its draft report and decision....
    Scoop politics | 25-07
  • New Zealanders willing to pay tax to protect dolphins
    A report released this week shows a large majority of New Zealanders want Maui’s and Hector’s dolphins protected and they are prepared to pay for it....
    Scoop politics | 25-07
  • Stop Smart Meters
    “The Democrats for Social Credit Party (DSC) wholeheartedly endorses the Stop Smart Meters campaign for a moratorium on installations of smart meters until the technology is proven not be a risk to health, and until home owners are given a...
    Scoop politics | 25-07
  • Maori Roll Electors Urged to Vote Strategically
    Voters enrolled in the seven Maori electorates must learn to maximize their influence by voting strategically, according to the Maori Party candidate for Te Tai Tokerau, Rev Te Hira Paenga....
    Scoop politics | 25-07
  • Politicians Ignore Families’ Concerns on Street Prostitution
    Family First NZ says that politicians are ignoring the concerns of families, lack the will to take appropriate action, and are happy to drag the ongoing problem of street prostitution into the next parliamentary term....
    Scoop politics | 25-07
  • Plunket celebrates Te Wiki o te Reo Māori
    Plunket is proud to celebrate Te Wiki o te Reo Māori (21-27 July), with Plunket people across the country among several thousand New Zealanders taking part and increasing their kete of knowledge in te reo....
    Scoop politics | 25-07
  • Coleman must quit or be sacked over Dotcom case
    Immigration New Zealand has done the right thing in distancing itself from Jonathan Coleman’s claims that ministers were not aware of FBI involvement in Kim Dotcom’s residency application, says the Internet Party. Internet Party leader Laila Harré...
    Scoop politics | 24-07
  • Auckland Councillors, Not Emperors
    25 JULY 2014 Responding to the NZ Herald report that Auckland Councillors have voted to keep their ratepayer-funded business class travel perks, and considered new rules that would have exempted councillors from Auckland City's parking charges, Taxpayers’...
    Scoop politics | 24-07
  • Cunliffe Looks Dodgy Lunching with Sex Offender
    Conservative Party Leader Colin Craig says that David Cunliffe's social meeting with a known sex offender while on holiday "looks pretty dodgy."...
    Scoop politics | 24-07
  • Taxpayers’ Union Back LGNZ Calls For Greater Transparency
    The Taxpayers’ Union is backing Local Government New Zealand’s calls for the Official Information Act to be extended to cover the Local Government Commission. Union Executive Director, Jordan Williams, says:...
    Scoop politics | 24-07
  • Lecture series to provide insight into 2014 election
    Could National’s refusal to reform MMP lead to the defeat of the government? Is the media providing voters with the information they require to make an informed electoral decision? What directions might John Key’s leadership take if he secures...
    Scoop politics | 24-07
  • National Rally Against Factory Farming
    Animal advocates and members of the public all over New Zealand will unite for a ‘National Day of Action Against Factory Farming’ Saturday, tomorrow 26 July in response to two recent exposés that showed horrific conditions on pig factory farms....
    Scoop politics | 24-07
  • Women in Politics Finds Support at Conference
    Women in Politics, a brand-new organisation for New Zealand women in political office, was met with overwhelming support at the 2014 Local Government New Zealand Conference held this weekend in Nelson....
    Scoop politics | 24-07
  • The Government’s Fresh Water Policy – REVISITED
    Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation. They enlisted a group of 16 scientists to help them review the government’s new fresh water policy....
    Scoop politics | 24-07
  • Restoration of Post-graduate Allowances to be Key Issue
    As students prepare for the early voting that will take place on all university and many polytechnic campuses next month, the restoration of post-graduate allowances, removed by the current government in 2013, is emerging as a key election issue....
    Scoop politics | 24-07
  • Honesty for Taxpayers
    ACT has a new proposal to make our democracy more accountable. The proposal may seem small but it could be the most significant idea in this election....
    Scoop politics | 24-07
  • Mike Hosking for PM?
    The Coalition for Better Broadcasting is adding its voice to the many appalled at TVNZ’s choice of Mike Hosking as moderator for the upcoming political debates....
    Scoop politics | 24-07
  • ‘Party Party’ Hitting the Right Notes
    The “sold out” sign has gone up at the Internet Party’s concert in Christchurch tonight. A capacity crowd of 1000 will be at The Foundry for the Party Party concert, part of a major national musical tour aimed at getting...
    Scoop politics | 24-07
  • New Electoral Commission Campaign Launches This Weekend
    New Electoral Commission Campaign Launches This Weekend More non-voters than ever before say they don't feel like their vote is worth anything, or that their opinion matters. It's a trend that concerns the Electoral Commission, and the reason for...
    Scoop politics | 24-07
  • Umere says ‘taihoa’ on Māori Language Strategy
    A Maori Language advocacy group, Umere, is calling for a rain check on the Māori Language Strategy Bill, which is being introduced to parliament this week. "The submissions on the MLS have been released by Te Puni Kōkiri and they...
    Scoop politics | 24-07
  • High cost of GP visits still a barrier for older children
    Free doctor's visits should be extended to all children under 18 as GP charges are a significant barrier for low income families, says Child Poverty Action Group....
    Scoop politics | 24-07
  • David Cunliffe happy to hide sex offender’s identity
    ..:: For immediate release ::.. 24/07/14 David Cunliffe happy to hide sex offender’s identity - (and in fact enjoy lunch with them)...
    Scoop politics | 24-07
  • More kids in Southland and Otago are achieving
    Clutha-Southland National candidate Todd Barclay says the Public Achievement Information for 2013 shows New Zealand children are doing better across the whole education system....
    Scoop politics | 24-07
  • Flavell mistaken
    In response to Mr Flavell’s tirade this afternoon Conservative Party Leader Colin Craig advises "Mr Flavell is simply mistaken in his comments."...
    Scoop politics | 24-07
  • High cost of GP visits still a barrier for older children
    Free doctor's visits should be extended to all children under 18 as GP charges are a significant barrier for low income families, says Child Poverty Action Group....
    Scoop politics | 24-07
  • Taxpayers’ Union Lay Complaint with Speaker
    The Taxpayers’ Unio n has written to Parliament's Speaker, the Rt. Hon. David Carter, asking him to step in and investigate the claims on the WhaleOil blog that taxpayers’ money is being improperly used for Mana Party election campaign hoardings....
    Scoop politics | 24-07
  • MANA launches te reo Māori policy
    “MANA is launching its te reo Māori policy this morning ahead of the first reading of the government’s Māori Language Strategy Bill this afternoon”, said MANA deputy leader and candidate for Waiariki, Annette Sykes....
    Scoop politics | 24-07
  • Candidate welcomes award of platinum exploration permits
    Clutha-Southland National candidate Todd Barclay has welcomed the Government’s decision to award Lynx Platinum Limited two exploration permits in Southland. Mr Barclay said the minerals industry is an important part of New Zealand’s economy...
    Scoop politics | 24-07
  • Pokie spending and numbers continue to drop
    Pub and club gaming machine expenditure in the year ended June 2014 fell 2.4 per cent from $826.3 million to $806.2 million. There were also fewer licence holders, gambling venues and gaming machines compared with 12 months earlier. Licence holders...
    Scoop politics | 24-07
  • New Zealand Police to assist in MH17 victim identification
    New Zealand Police is sending three Disaster Victim Identification (DVI) specialists to the Netherlands to assist in the international effort to identify victims from the MH17 tragedy....
    Scoop politics | 24-07
  • Oil Spill Response Strategy available for consultation
    Maritime New Zealand (MNZ) is inviting comment on its draft updated New Zealand Marine Oil Spill Response Strategy....
    Scoop politics | 24-07
  • Police response to IPCA report on Rewa investigation
    Police accept the findings of today's IPCA's report regarding its investigations into offending by Malcolm Rewa in Auckland in the 1980s and 1990s....
    Scoop politics | 23-07
  • Well-known kiwis sign on to stop ivory trade
    Today the Foreign Affairs, Defence and Trade Select Committee will consider a complete ban on the ivory trade in response to a petition by Auckland teacher Virginia Woolf and policy analyst Fiona Gordon....
    Scoop politics | 23-07
  • Commonwealth Games are not being captioned in New Zealand
    As members of the Captioning Working Group, The National Foundation for the Deaf and Deaf Aotearoa New Zealand call for broadcast captioning of the 2014 Commonwealth Games...
    Scoop politics | 23-07
  • Majority of Commonwealth countries are already republics
    The Glasgow Commonwealth Games are here and it's a common misbelief that a Kiwi republic would mean that New Zealand would have to leave the Commonwealth. In fact, nothing could be further from the truth....
    Scoop politics | 23-07
  • Police handling of Rewa Investigation
    Although an Independent Police Conduct Authority inquiry has identified some faults with a series of investigations conducted by Police into offending by Malcolm Rewa, there is insufficient evidence that any of these impacted on the ability of Police...
    Scoop politics | 23-07
  • IPCA findings on Police handling of Rewa Investigation
    Good morning everyone. I’d like to begin today by explaining that this is an informational press conference and that I will not be taking questions at its conclusion. The reason for that is the report’s findings are the result of...
    Scoop politics | 23-07
  • Pay It Back Ms Hauiti
    Responding to the Newstalk ZB report that disgraced MP Claudette Hauiti is refusing to confirm whether or not she has reimbursed taxpayers for misuse of her Parliamentary 'P-card', Taxpayers’ Union Executive Director, Jordan Williams, says: “Ms Hauiti...
    Scoop politics | 23-07
  • RSA thanks NZ for $1.7m collected during Poppy Appeal
    The RSA today announced that over $1.7 million was donated to the 2014 Poppy Appeal for the support of veterans, ex-service men and women and their families in need....
    Scoop politics | 23-07
  • Students encouraged to be brave and never give up
    Students encouraged to be brave and never give up if they want to 'make it happen'...
    Scoop politics | 23-07
  • New Zealanders want to pay more to protect dolphins
    A report released this week shows a large majority of New Zealanders want Maui’s and Hector’s dolphins protected and they are prepared to pay for it....
    Scoop politics | 23-07
  • Maori Party President Acknowledges Founding Co-Leaders
    Maori Party President, Rangimarie Naida Glavish, has today acknowledged the enormous contribution founding Maori Party co-leaders, Tariana Turia and Pita Sharples have made towards building a greater nation....
    Scoop politics | 23-07
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