web analytics

Attention Mum and Dad investors

Written By: - Date published: 9:58 am, April 10th, 2013 - 90 comments
Categories: capitalism, International, Privatisation - Tags: , ,

Labour is breaking some good stories lately. Here’s one that might interest all you Mum and Dad investors out there in Mum and Dad Investorland:

Incentive to sell MRP shares offshore

The Government’s three major brokers will get double the commission for selling Mighty River Power shares to overseas investment companies rather than New Zealand institutions, Labour state-owned enterprises spokesman Clayton Cosgrove says.

The Mighty River Power share offer document released last Friday showed the joint lead managers, Goldman Sachs, Macquarie and First NZ Capital, will get 0.4 per cent commission for selling shares to Kiwi institutional investors and 0.8 per cent for share sales to their overseas counterparts.

Prime Minister John Key has assured New Zealanders that 70 per cent of Mighty River Power shares will remain in Kiwi hands.

“With the massive risks surrounding the sale becoming apparent with Tiwai Point, the Government is worried that Kiwis will run scared,” Cosgrove said.

“National’s sole concern is getting a good price for the sale. That’s why they’re encouraging brokers to sell more shares overseas to keep the price up. That puts more shares in foreign hands.”

From my point of view the higher the price (income to government) the better, but I’m not sure Mum and Dad investors will be thrilled. As for the built in inventive to send ownership offshore, that just contributes to our underlying long term economic problems. It is a stupid shortsighted footnote to the stupid shortsighted policy that is asset sales.

90 comments on “Attention Mum and Dad investors”

  1. Private Baldrick 1

    It’s jolly lucky I can get Captain Adder back in dear old Blighty to buy some on my behalf.

  2. dumrse 2

    Attention Mum and Dad….. Gosgrove’s whinge is getting the attention it deserves.

  3. Colonial Viper 3

    Interesting that Key and English are actually pushing for more shares to be sold to foreigners, and incentivising their brokers as such.

    • Lanthanide 3.1

      They’ve been doing this weird two-faced act all along, saying they want to get the best price for the government and then also saying they want lots of mums and dads to invest in these great companies etc. They can’t really have it both ways.

  4. millsy 4

    Offshore v local ownership is a red herring to me.

    100% public ownership should be the goal.

  5. Lloyd 5

    So this bonus to selling shares to foreigners is the loyalty bonus?

  6. Walter 6

    Whats the real issuie, The Tax Payer will still own 51% of any state asset.
    People owning their own share’s is a good way for growing Financial security and for people to get ahead on their own,

    It adds another way of building savings for ones future.

    • vto 6.1

      “People owning their own share’s is a good way for growing Financial security and for people to get ahead on their own,”

      And, conversely, people who can’t own shares are worse off.

      The divide grows.

      Walter, you should go away and have a think about the value of capitalising everything. Also consider that the country’s second largest business, Foodstuffs, actively discourages capitalisation of its businesses and look up the reasons for it.

      What you advocate does not help with growing a decent society. In fact it actively does the opposite.

      • Walter 6.1.1

        I dont agree, everyone has a choice to either stay in the place they are in or to make changes to become better off then they currently are.

        This can be acheved by More share ownership, home ownership, Reducing undue spending and by mainly making a choice to advance themself. Everyone has the same oppoutinty to basic education, Health care and standard of living, but it is reflected in the choices people and familys make to better themselfs or to spend money on crap they dont need and to really just complain about their hand in life.

        IT’s not my fault its the Rich….

        Its the left which want people on benifits, Living in state houses and being under the control of the state, this has and will always be the way of the left, you can complain all you like about the rich but everyone has the ability to get up the ladder.

        ITS ALL ABOUT CHOICE

        • vto 6.1.1.1

          woosh.

          do that reading.

          capitalising everything benefits only very few people, that is why our second largest business limits it.

          your waffle about choice is secondary to the point made. first things first. second things second.

    • georgecom 6.2

      It will benefit the 5% of people who will buy the shares, Walter, and help them get ahead.

      The other 95%, well, they will sacrifice future benefits eh.

      It’ll also benefit th overseas buyers who will end up with a good slice of the shares, and help them get ahead as well.

      It all looks real good for a few to line their pockets. The issues however is about collective ownership and collective benefit, for the many, vs benefits for the few.

  7. Walter 7

    Don’t come on here with your double standards and complain when it was the labour government that sold::::

    Government Printing Office, State Insurance Office,Telecom Corporation, Air New Zealand, Shipping Corporation, PostBank……

    The list goes on…

    Talk about short memory

    • vto 7.1

      You egg. Sure, it was the labour party but it was right wing policy. Get the difference?

      • Walter 7.1.1

        Bull Shit, And like always the left disowning their own policys

        • vto 7.1.1.1

          Bull shit what?

          which part of my point was wrong?

          and why?

          • Walter 7.1.1.1.1

            Right wing or Not the point was it was a labour government that sold of the family silver.

            Right or left makes no diffrence.

            • Colonial Viper 7.1.1.1.1.1

              Labour got taken over by Right Wing neolibs. The fact that they cloaked themselves under a red banner was just camouflage. So it is indeed the heart of the issue.

            • vto 7.1.1.1.1.2

              “Right wing or Not the point was it was a labour government that sold of the family silver. Right or left makes no difference”

              Ok, well you go on and keep hammering the labour party. It is irrelevant, except in party political internal machinations. It has no bearing on what is good for the country.

              The fact of the matter is that the policies were right wing policies. And they were shit then and still shit now. Doesn’t matter who implements them – the same issues apply.

              • felix

                Exactly v.

                John Key has been caught out lying to parliament and the people of NZ.

                This govt’s only electable person, Key, is endangering their only reason for being in power, asset sales.

                And this is the only response they can muster. A group bitch about the 1980s.

        • One Anonymous Knucklehead 7.1.1.2

          Polly wanna cracker?

    • One Anonymous Knucklehead 7.2

      Talk about vacuous drivel. There are people here who can make up their own minds whether asset sales are a good idea, but not Walter: he does nothing but regurgitate other people’s lines like a stupid parrot.

    • chris73 7.3

      Over 9 billion bucks worth and the ghost still haunts labour to this day (in comparison John Keys sold none)

      • felix 7.3.1

        Correct, whenever the right are in power they sell off everything the left have built up.

        Hey chris, you think it’s a good thing that Key has sold none?

        • chris73 7.3.1.1

          I think its good he kept his election promise and it’ll be better when the partial sell down goes ahead (ive got a spare couple ready to go)

          • Walter 7.3.1.1.1

            Do you rember the 1984 MP’S mallard, king, goff, who are currently in parliament and who still believe in rogernomics

          • felix 7.3.1.1.2

            So you’re full of shit chris.

            If it’s a good idea to sell them, it’s a good idea to sell them.

            • chris73 7.3.1.1.2.1

              I think its a good way to raise capital while retaining a majority share and helping kiwis get ahead while boosting the performance of the nz stock market

              the fact it annoys the left and will help me become better off is merely a nice fringe benefit

            • Walter 7.3.1.1.2.2

              The State has no place owning Businesses

              • felix

                You have no place owning a computer.

                Any business that we the public would have to bail out if it failed should be owned by we the public. Anything else is financially irresponsible at best and corrupt at worst.

              • BLiP

                The State has no place owning Businesses

                ^^^ This is what is wrong with National Ltd™ supporters. The essential infrastructure required to ensure an equitable distribution of services, and thus further ensure equal opportunity (one of their mantras, ironically), is considered a “business”. In fact, New Zealand itself is considered a “business”. Just as Maggie Thatcher sought to reduce British society down to the elements of running a corner grocer, John Key and his acolytes are seeking to reduce New Zealand society down to a dodgy sharebroker’s sideline loan shark operation. How do you reach these people?

                • One Anonymous Knucklehead

                  Good question.

                  Sub-par intelligence denies them the cognitive capacity for rational discourse and the best way to educate them is through their emotions.

              • “The State has no place owning Businesses”

                Why?

                In a free market, anyone can own a business. The State is not excluded. Otherwise it is not a free market.

        • Rob 7.3.1.2

          Does this illusive “left” that you guys cream yourself over even exist. Now we see that some left parties are not in fact left parties and some Left Govt’s were not left govts, give us a real example of a “left”.

          • felix 7.3.1.2.1

            Who’s creaming over an illusive left?

            It’s you guys who keep bringing up right-wing govts and pretending they’re something else, not me.

            • Rob 7.3.1.2.1.1

              I am not bringing up any Govts at all and I am not part of this collective that you are referring to. So for 2014 if I vote Labour and they got a majority would they deliver a Left Govt in your veiw?

              • felix

                Why should I care what you get delivered? I’m not here to explain the electoral system to morans.

  8. Walter 8

    The facts are.

    1) It was clearly put to the electorate that in our second term asset sales would happen.

    2) That we would keep 51% of SOE shares of any that are sold.

    So what is the Issuie, when people voted for the current government they new what they would be getting.

    Open and Transparent i would have said….

    • vto 8.1

      more people voted for parties that opposed asset sales walter.

    • chris73 8.2

      no no you don’t understand, see the left wing don’t want asset sales therefore national don’t have a mandate, they don’t have a mandate because the disagree with it. Understand now?

      • Walter 8.2.1

        Vto your so wrong, anything but the truth is ok by you.

        Get over it we won the ELECTION and you LOST.

        We have clear policys which will build this country, not cause the rot of the last labour government.

        • vto 8.2.1.1

          what were the numbers for each party and their policy around asset sales?

          • chris73 8.2.1.1.1

            Whos in power?

            • vto 8.2.1.1.1.1

              that’s not the question i asked and neither does it relate to the point being made in response to walter

              • chris73

                Yes it does, it matters a whole lot. Labour said the election was about asset sales:

                http://www.voxy.co.nz/politics/election-will-be-referendum-asset-sales-goff/5/79913

                The population of NZ wanted National in power not Labour, National said it would wait until the second term before implementing their plan and the population of NZ voted National into power.

                National won you lost etc etc

                • Walter

                  Didn’t labour say at the election that a vote for labour would mean no asset sales.
                  And then what happend LABOUR LOST .

                  • Lanthanide

                    The only way we will truly know peoples opinions on asset sales is when we have a referendum on asset sales. Otherwise it is impossible to know why someone did or did not vote for any particular political party.

                    • Walter

                      We had one as Phil Goff said, It was the last Election

                    • One Anonymous Knucklehead

                      And we’re going to have another one, and when the result comes in, the person whose lines you are so diligently copying will have to give you some more drivel to swallow.

            • Descendant Of Sssmith 8.2.1.1.1.2

              Who’s in power?

              No one.

              Who is in government – a coalition of several parties
              Who can introduce legislation – the government
              Who can pass laws – parliament which includes all parties

              You do understand there is a separation of powers don’t you and that national does not have any authority to do anything in law.

              You should be concerned by how they abuse parliamentary processes however – as you should when any government abuses those processes eg ignoring select committee consultation, using urgency unnecessarily.

              When you suggest National have the power to do more than introduce legislation you degrade the authority of parliament and make us all susceptible to abusive governments.

              Those powers were made separate for good reason and the efforts from this government to pass, including retrospectively, legislation to increase authoritarian powers is particularly concerning.

              But I guess you likely have an authoritarian inclination yourself so probably don’t notice anything wrong with this – and likely if Labour was introducing the same types of leg you would also not blink.

          • Walter 8.2.1.1.2

            National 1,058,636, LABOUR 614,937.

            Facts are facts

        • Frank Macskasy 8.2.1.2

          Actually, VTO is correct. More preople voted for Parties that OPPOSED asset sales than for those that supported the policies.

          I submit, for your education: http://fmacskasy.wordpress.com/mandates-majorities/

    • felix 8.3

      Well Walter it didn’t happen exactly like that, asset sales weren’t put on the table until after the 2008 election. Until then it was just ‘no sales in the first term’ which is not at all the same as what you’re saying.

      Your point 2 is bullshit because as has been shown again and again the govt has no way of holding on to 51%.

      But apart from that I have no problem with it. NZ voted for a bunch of slimy crooks, they got a bunch of slimy crooks, and if they didn’t want their assets sold they should’ve paid more attention.

      More fool them I say.

      • Walter 8.3.1

        Rubbish the government can issuie more shares and hold 51% at all times.

        • felix 8.3.1.1

          Yay, so we just keep paying and paying and paying. And Mum & Dad’s shares become worth less and less and less.

          Bloody expensive these asset sales. Only supported by those who want to see the govt throwing taxpayers’ money down the toilet.

          For. Nothing.

        • fender 8.3.1.2

          Oh share printing? So you will be a fan of QE as well?

  9. Lloyd 9

    The last election was won by that lovely smiley John Key and anyone who worried about selling things off was assured by the smiley man that they wouldn’t really be sold off because we would still own 51%. Also they were told we had to sell off that tiny bit of the power companies because we were broke and because government debt was up a bit we had to sell ASAP. Really it was a vote for the smiley man rather than that grumpy Labour person.

    Just like when Iwi were told that the pakeha only wanted a little bit of land and the Iwi would really still own all the rest……

    • felix 9.1

      Yes very much like. This is what colonisation looks like in the post-nation world.

      “they wouldn’t really be sold off because we would still own 51%”

      I still can’t believe how many people fell for that. Look at poor Walter, above – he thinks a 51% shareholder can just issue themself more shares. Because, y’know, they’re the boss.

      Dumb savages, when will they learn?

      • Colonial Viper 9.1.1

        These pretend capitalists are really shit. Proves Professor Steve Keen’s point: neoliberal economists don’t even know their own theory.

Links to post

Recent Comments

Recent Posts

  • Letter to the editor – Who are the Real Greedies?
    . . It is amazing how many blame the victims of neo-liberal ideology, rather than looking at the causes of why things happen.  Are some people really so simple-minded that they can’t see beyond their immediate prejudices…? .   .… ...
    Frankly SpeakingBy Frank Macskasy
    39 mins ago
  • Budget 2016: If you don’t laugh you’ll cry.
    This budget shows that the Government’s fossil-fuel driven extractive industry based economic strategy is a slow moving train-wreck.After proclaiming in previous years that industrial dairy, coal, and oil would be the economic salvation of the nation, they are all noticeably… ...
    2 hours ago
  • Mt Eden Rd Double Deckers from Sunday
    As we found out from Generation Zero’s Better Buses campaign, Mt Eden Rd is the most complained about route and during February, March and April we also heard tales of people waiting for 10 buses or more to go past… ...
    2 hours ago
  • We’re calling ‘lights out’ on Thai Union’s ocean destruction
    Being in the middle of the Indian Ocean at night is incredible: you feel the vastness of the sea around you, the raw power of the waves, and the thick darkness.Now imagine from miles away, you see a glowing mass… ...
    2 hours ago
  • Budget Solves Housing Crisis
    On first reading the 2016 Budget did not appear to have a substantial focus on housing, but closer analysis of the spending priorities reveals the Government's strategy.Housing has created a huge ideological problem for National. The party does not support… ...
    12 hours ago
  • What’s in the 2016 Budget?
    Tremendous amounts of money. $50 million education campaign telling poor people to stop being poor. $7 billion to be sent offshore to protect it from tax. $2 million to investigate best thing to do with two million dollars. A new… ...
    The CivilianBy admin
    14 hours ago
  • Fans of Bill English’s Budget series worried he won’t be able to tie all plot threads together b...
    English’s dramatic saga about numbers and decimal points is also facing pressure to update its cover art, which critics have described as “exactly the same every time.” Following the widely unanticipated release of the 8th instalment in Finance Minister Bill… ...
    The CivilianBy admin
    14 hours ago
  • How the budget fails new New Zealanders
    Greens co-leader James Shaw was absolutely correct to say the 2016 budget is just papering over the cracks. There’s nothing in this budget to increase wages, address inequal pay for carers or deal with the shocking pay rates and employment… ...
    frogblogBy Denise Roche
    14 hours ago
  • Polity: Budget 2016: Fantasyplan
    Along with the Budget itself, Budget day also gives the public a new peek into how the government thinks the country is going to do over the next few years. These are the Treasury’s forecasts, and they sit beneath every… ...
    16 hours ago
  • Fort St
        ...
    Transport BlogBy Patrick Reynolds
    16 hours ago
  • More students but less money
    The overall cut to tertiary education in this year’s budget will cause real harm to students, their families, and communities. The government has cut the amount of money to tertiary education and yet it predicts student numbers will rise. The… ...
    17 hours ago
  • Very brief Budget 2016 note
    Busy afternoon here, but glancing over some of the documents and turning into the House for a bit my first impressions: It seems like the budget a Labour government would pass under similar fiscal circumstances The Prime Minister is a… ...
    DimPostBy danylmc
    17 hours ago
  • Very brief Budget 2016 note
    Busy afternoon here, but glancing over some of the documents and turning into the House for a bit my first impressions: It seems like the budget a Labour government would pass under similar fiscal circumstances The Prime Minister is a… ...
    DimPostBy danylmc
    17 hours ago
  • Mass resistance in France to Labourites’ new anti-worker law
    Game Over – the people have awakened; the attacks of the French social-democrat government (SP) on workers has provoked widespread resistance Article 49.3 of the French constitution essentially allows the government to put through legislation without a vote.  The Socialist Party… ...
    RedlineBy Admin
    18 hours ago
  • No money for housing, more money for spies
    New Zealand currently has a housing crisis, with people being forced to live in cars and garages in Auckland due to a bubble and insufficient state housing. So is the government doing anything about it in today's budget? There's the… ...
    No Right TurnBy Idiot/Savant
    18 hours ago
  • Polity: Budget 2016: Growth for the country, but not for your family
    Of the 14% of real GDP growth over the next few years, guess how much your family will see? Less than a fifth of it.The forecasts in the Budget show the economy will continue to grow. That’s good, even if… ...
    18 hours ago
  • Polity: Budget 2016: Dull on top, hollow underneath
    This is the Budget you write when you’ve got no new ideas.Today Bill English hands down a Budget that says the words “innovation” and “investment” a lot, but contains not one actual innovative investment to meet the housing crisis, the… ...
    19 hours ago
  • Writing to please the reader’s ear
    I picked this up on Facebook from Writing about Writing. It would be great to have this sort of skill. To be able to make the writing itself attractive, even beautiful, quite apart from the subject. It certainly drives… ...
    20 hours ago
  • Hard News: Things that do us good and ill
    Earlier this month, I attended a conference on the best ways to regulate drugs which are illegal now but might not be so in future. Most of the discussion revolved around cannabis and concerns about the effects of commerce. No… ...
    20 hours ago
  • Mid-week reading: California uber alles, road tolls, apartment design, and election reviews
    I’m back to a mostly normal post-writing schedule, but mid-week reading will continue as an intermittent feature. One of the most interesting things I’ve read recently was Jim Newton’s long interview with California Governor Jerry Brown (in UCLA Blueprint). Brown… ...
    Transport BlogBy Peter Nunns
    20 hours ago
  • Something fishy in Christchurch
    A tweet by Phil Lyth alerted me to a series of Parliamentary written questions from Labour's Megan Woods about Otakaro Ltd, the company the government established to manage the Christchurch rebuild. It seems Otakaro has just changed its constitution, removing… ...
    No Right TurnBy Idiot/Savant
    20 hours ago
  • Something fishy in Christchurch
    A tweet by Phil Lyth alerted me to a series of Parliamentary written questions from Labour's Megan Woods about Otakaro Ltd, the company the government established to manage the Christchurch rebuild. It seems Otakaro has just changed its constitution, removing… ...
    No Right TurnBy Idiot/Savant
    20 hours ago
  • Julie Anne Genter: My Budget 2016 wish is fairness
    When my parents first visited me in Auckland ten years ago, they remarked on how there were no homeless people on the streets. Coming from Los Angeles, they were used to seeing the impacts of horrendous inequality and a lack… ...
    frogblogBy Julie Anne Genter
    21 hours ago
  • Drawn
    A ballot for a member's bill was held today, and the following bill was drawn: Our Work Our Future Bill (Andrew Little) The bill is a simple one which would require MBIE to amend government procurement rules to favour bids… ...
    No Right TurnBy Idiot/Savant
    21 hours ago
  • Timing is Everything
    I was asked give a Canterbury perspective on whether I expected government services to be cut to fund tax cuts in 2017. The answer is not as straight forward as the question. In May 2011, only three months after the Christchurch… ...
    Briefing PapersBy Cameron Preston
    21 hours ago
  • Pettiness and transparency
    Last night saw the second reading of Adrian Rurawhe's Official Information (Parliamentary Under-Secretaries) Amendment Bill. Following the select committee phase and a very convincing report by the Ministry of Justice refuting National's constitutional claims, it seemed like the bill would… ...
    No Right TurnBy Idiot/Savant
    21 hours ago
  • Film review: The Nice Guys
    Ryan Gosling saves The Nice Guys from being overshadowed by some particularly cringeworthy moments. Photo: Supplied It’s fair to say that Ryan Gosling has been sorely missed. After directing Lost River in 2014 and starring in 2015’s The… ...
    21 hours ago
  • Steffan Browning: Pesticide reduction and Organic Growth Strategy in Budget 2016
    Pesticide reduction The Budget is an opportunity for the Government to launch a pesticide reduction strategy that multiplies the Environmental Protection Authority’s (EPA) and the Ministry for Primary Industries’ capacity to reassess pesticides and other toxins.  The Agricultural Compounds and… ...
    frogblogBy Steffan Browning
    22 hours ago
  • International students excluded by programme sell-off
    Tertiary Update Vol 19 No 18 Victoria University’s decision to privatise its foundation studies programme will exclude dozens of international students from the university, say staff and students. The university has confirmed it will outsource its international students’ foundation studies programme to a private company.… ...
    22 hours ago
  • Three things to look for in today’s budget
    Today’s Budget is important for tertiary education because it provides roughly two-thirds of the money for public education (with most of the rest coming from student fees). Often the minister and the media will focus on individual line items that highlight specific issues upon… ...
    22 hours ago
  • Speaker: I am a Really Useful Engine
    A couple of weekends ago, we were getting ready to go try out the new section of Te Araroa tramping track between Paekakariki and Pukerua Bay. Very nice views, I recommend it, though probably not on a really windy day.I went to… ...
    22 hours ago
  • One in 12 PTEs are high risk
    Tertiary education minister Steven Joyce told parliament that the Tertiary Education Commission considers 8 percent of private training enterprises (PTEs) are a high financial risk. Joyce revealed the figure in response to a written question from Labour’s David Cunliffe. He added that… ...
    22 hours ago
  • Minister to Auckland: find more international students
    Tertiary education minister Steven Joyce has told the University of Auckland they need to get more international students rather than seek more public funding. Joyce told Newstalk ZB that the University of Auckland already gets slightly more funding than the other universities. “Because they are… ...
    22 hours ago
  • DIY Touring The World: Australia
    For the Kiwi musician, the grass has always seemed greener in Australia.  In the final episode of DIY Touring The World, A Low Hum's Ian Jorgensen heads to Big Sound - a music industry conference and festival held in Brisbane. Industry… ...
    23 hours ago
  • Notes on P contamination
    About a year ago someone I knew at work told me a story that suddenly seems relevant. They were from China and fairly new to New Zealand, and they were in the process of selling their house and buying another… ...
    DimPostBy danylmc
    24 hours ago
  • The government’s housing message dilemma
    John Key was across the media yesterday, trying to tamp down suggestions the Budget would do anything at all to address the housing “issue” which everyone else in New Zealand has accepted is a crisis. The lines are familiar: there’s… ...
    Boots TheoryBy Stephanie Rodgers
    1 day ago
  • Legal Beagle: Geoffrey Palmer has decided to write a constitution
    Last year, the Law Foundation made a $10,000 research grant to former Prime Minister Sir Geoffrey Palmer to write about a New Zealand Constitution. But, after more than one recent government investigation ended in only recommendations to keep discussion alive,… ...
    1 day ago
  • Open letter from Paula Bennett to the State House tenants & homeless of Auckland
    Dear Homeless and others, Please leave. Except for Hosking, there’s too many Auckland media asking hard questions like, “What are your plans?” and “How will you help these people?” It really has been quite a trying couple of weeks for… ...
    My ThinksBy boonman
    1 day ago
  • Budget day 2016, what we want to see
    Today is budget and while we wait to see what, if any, goodies Bill English will announce, I thought I would list some of the things I’d like to see and what we may actually see. My gut says we… ...
    1 day ago
  • Trans-Pacific Partnership Agreement Amendment Bill
    Press Release – Office of the Clerk Public submissions are now being invited on the Trans-Pacific Partnership Agreement Amendment Bill. The closing date for submissions is Friday 22 July 2016 .Trans-Pacific Partnership Agreement Amendment Bill Public submissions are now… ...
    Its our futureBy ScoopBlogPush
    1 day ago
  • Questions & Answers – May 25
    Press Release – Office of the Clerk Rt Hon WINSTON PETERS (LeaderNZ First): This question is to the Prime Minister and asks: does he stand by all his statementssorry: does he still stand by[ Interruption ] Well, it is… ...
    Its our futureBy ScoopBlogPush
    1 day ago
  • Budget 2016 – Scoop Full Coverage
    Article – The Scoop Team Scoop will be updating this page with Budget announcements, reaction and analysis once the Budget is released at 2pm. Hit reload to see the latest version. Budget 2016 – Scoop Full Coverage Parliament Live –… ...
    Its our futureBy ScoopBlogPush
    1 day ago
  • Human sexuality is stupid and confusing
    Dress codes are in the news again. I’ve had my body non-consensually sexualised for so long that I’ve been through all the stages of grief about it – sadness, denial, rage – and I’ve settled on bemusement (that’s a stage of… ...
    TangerinaBy Coley Tangerina
    1 day ago
  • Gordon Campbell: the latest allegations against Helen Clark
    Column – Gordon Campbell According to former PM and current Helen Clark, the allegations leveled at her this week in a Foreign Policy magazine article by the prize-winning UN journalist Colum Lynch have been ‘totally fabricated’ .Gordon Campbell on… ...
    1 day ago
  • In-depth: Experts assess the feasibility of ‘negative emissions’
    This is a re-post from Carbon Brief To limit climate change to “well below 2C”, as nationsagreed to do in Paris last December, modelling shows it is likely that removing carbon dioxide emissions from the atmosphere later on this century will be… ...
    2 days ago
  • A BIG win for the Arctic!
    Amazing news! Today an entire industry including major global brands McDonald’sTescoYoung’s Seafood and Iglo agreed to push back against destruction of our pristine Arctic waters.Together with the Norwegian Fishing Vessel Owners Association, Fiskebåt, which represents the entire Norwegian oceangoing fishing fleet, Russian… ...
    2 days ago
  • Inner East cycle consultation
    Auckland Transport recently consulted on cycle networks for the inner western suburbs of the isthmus. Now they’re doing the same thing but for the inner eastern suburbs. Aucklanders have an opportunity to shape the cycle network in the inner-east… ...
    2 days ago
  • Minister undermines State Sector Act
    25 May 2016 The education minister is undermining the principles of integrity and honesty in teacher appointments by interfering with a legal decision designed to avoid cronyism.Today Hekia Parata introduced a supplementary order paper (SOP) to the Education Legislation Bill attempting… ...
    2 days ago
  • Budget 2016 and our LGBTQI communities
    LGBTI people make up about a tenth of our population, and our communities face a unique set of needs and challenges. These challenges are caused or exacerbated by discrimination, invisibility and barriers to appropriate support. We have a long way… ...
    frogblogBy Jan Logie
    2 days ago
  • Budget 2016 and our LGBTQI communities
    LGBTI people make up about a tenth of our population, and our communities face a unique set of needs and challenges. These challenges are caused or exacerbated by discrimination, invisibility and barriers to appropriate support. We have a long way… ...
    frogblogBy Jan Logie
    2 days ago
  • Paula Bennett’s housing deja vu
    After a week of bad media coverage about homelessness in Auckland, Social Housing Minister Paula Bennett was today forced to act, announcing that she would pay homeless Aucklanders $5,000 to move to the regions (where they'd conveniently be out of… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Mojo Mathers: A better deal for animals in Budget 2016
    Currently we are failing animals in NZ. On the face of it farmed and domestic animals in this country have strong legal protection from abuse, cruelty and neglect. In reality it seems that only the very worst, most extreme cases… ...
    frogblogBy Mojo Mathers
    2 days ago
  • Fluoridation: One small step sideways?
    Fluoridation. Let’s not ignore the elephant in the room – the need to separate scientific review from community consultation. Most health officials and science-minded people welcomed the recent announcement of the government’s plan to transfer decisions on water fluoridation from local… ...
    2 days ago
  • Finding a sense of porpoise
    Being a porpoise looks rubbish.Dolphins look like they have fun. They even look like they seek out fun. Okay, the fixed grins make them seem perpetually happy but let’s be honest - when was the last time you saw a… ...
    2 days ago
  • Member’s Day
    Today is a Member's Day, and one with some real business. First, there's the second reading of Sue Moroney's Parental Leave and Employment Protection (Six Months’ Paid Leave and Work Contact Hours) Amendment Bill, which will hopefully either pass, force… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Metiria Turei: What we need from Budget 2016
    Every family deserves a warm decent home.  Everyone believes that. This housing crisis is just the latest consequence of a Government who puts the interests of the few wealthy people above the needs of NZ families.  Families are doing it… ...
    frogblogBy Metiria Turei
    2 days ago
  • Forcing transparency on Ministerial transport
    One of the perks of being a government Minister is the Ministerial limo - a chauffeur-driven car you can take anywhere. These vehicles are publicly funded and used for public business, so we should be able to see who uses… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Wicklow 2 win unconditional bail
    From éirígí: Great result today as éirígí’s Sean Doyle and Citizens Against Privatisation stalwart Eamonn McGrath were released from Cloverhill prison on unconditional bail. The unexpected outcome came virtue of a “technicality” in committal warrants as papers that were due… ...
    RedlineBy Admin
    2 days ago
  • We shouldn’t just forgive, but pay back odious debt
    Over 9,000 people have signed Action Station's petition calling on the government to forgive odious emergency housing debt. The government's response? Nope:Wiping the debt of people who have been staying in motels for emergency accommodation would not be fair to… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Opening up NLTF to all modes
    The Green Party released a new freight policy yesterday. They’re looking at ways to invest to increase safety and reduce carbon emissions: The Safer, Cleaner Freight policy sets a target for moving half of freight on rail… ...
    2 days ago
  • The American Black Movement in the Sixties: Victories and Lost Opportunities
    The Black Power slogan of the 1960s was replaced with empowerment for the black American middle class and burgeoning capitalist layers The reign of the first black president in the United States is coming to an end.  Obama, or O’Bomber… ...
    RedlineBy Admin
    2 days ago
  • Hard News: Three Dreams
    I have three dreams. One is characteristic, one is recurring and one is singular.The characteristic one is simple in concept: it's me and my friends going places and doing things. In the last one I can recall, there was a… ...
    2 days ago
  • Did you know this about tigers?
    Next in our series, we turn to the king (and queen) of the jungle - the tiger. Here are 10 incredible tiger facts from forests campaigner Richard George:10. Tigers have better short-term memories than humansTigers’ have one of the best… ...
    2 days ago
  • How well do you know the Polar Bear?
    Since the very beginning of Greenpeace, our movement has been fighting to protect some of the world’s most vulnerable animals. And over the years, we’ve learnt some truly incredible things about the magnificent creatures we share this planet with. So… ...
    2 days ago
  • How well do you know the orangutan?
    Next in the series, forests campaigner Richard George shares his 10 favourite facts about one of of our closest living relatives - the orangutan:10. Orangutans are ticklishThere are two kinds of ticklish. There’s the gentle kind that feels itchy and… ...
    2 days ago
  • Income inequality is one of the defining issues of our time
    “Income inequality is one of the defining issues of our time.”  This is one of the opening statements made by “John Doe” in his “manifesto” on the Mossack Fonseca trust arrangements. The article continues: “The debate over its sudden acceleration… ...
    Closing the GapBy Ben Smith
    2 days ago
  • Dying For Latvia?
    Preparing For War: Nato forces in the former Soviet republic of Latvia as part of the 2014 "Silver Arrow" military exercises in the Baltic states. Such naked demonstrations of Nato's extended reach - right up to the borders of the… ...
    2 days ago
  • How much do you really know about turtles?
    I’m Willie and I’m an oceans campaigner here at Greenpeace.Over the years I’ve had the privilege of watching turtles from the bow of Greenpeace ships, and many of my colleagues have encountered these peaceful ocean wanderers far out at sea… ...
    2 days ago
  • How much do you know about whales?
    I’m Willie and I’m an oceans campaigner here at Greenpeace.Over the years I’ve had the privilege of seeing lots of whales, both from the deck of Greenpeace ships, and also on whale-watching trips. I’ve been lucky enough to see massive… ...
    2 days ago
  • Are noisy oceans to blame for beached whales?
    Noise is the most invisible of all the man-made threats to the ocean, but to whales who ‘see’ by hearing, they simply cannot escape it.Water is an excellent medium for relaying sound, enabling some species of whale to communicate across… ...
    2 days ago
  • Sylvia Park growth plans
    Sylvia Park is already Auckland’s largest shopping centre, but it’s likely to get even bigger in the next few years. Kiwi Property, who own the centre, have plans to expand the retail offering, as well as adding office buildings. In… ...
    Transport BlogBy John Polkinghorne
    2 days ago
  • PrintNZ Forum Speakers Enlighten Delegates
    Press Release – PrintNZ New Zealand captains of industry Mike Hutcheson, Mike Pero and Kim Campbell shared significant business insight and interesting personal life experience during the PrintNZ Forum at SkyCity on May 13.PRINTNZ FORUM SPEAKERS ENLIGHTEN DELEGATES New Zealand… ...
    Its our futureBy ScoopBlogPush
    2 days ago
  • Nick Smith: There is NO crisis
    MyThinks has been fielding many questions about Nick Smith. “What’s happening with housing?” “Does Nick Smith know anything about any of his policy areas?” “Why does he look so shifty when he’s telling us what we should think?” These are… ...
    My ThinksBy boonman
    3 days ago
  • Tracking the 2°C Limit – April 2016
    April is starting to come down off the shockingly high anomalies of the first couple of months of this year. GISS is clocking in a still strong warm anomaly of 1.11°C. This is by far the hottest April in the… ...
    3 days ago
  • Fanshawe St Bus Stop improvements
    Occasionally it is small projects that can have a lot of impact on people’s PT experience. With the ever growing number of people working near Victoria Park, an upgrade to the bus stops on Fanshawe St along with improvements to the… ...
    3 days ago

  • Budget offers no hope of fixing housing crisis
    The Budget’s underwhelming housing measures will give New Zealanders no hope that National is capable of fixing the housing crisis, Labour’s Housing spokesperson Phil Twyford says. “There isn’t a scrap of an idea to help desperate young Kiwi families into… ...
    1 hour ago
  • How the budget fails new New Zealanders
    Greens co-leader James Shaw was absolutely correct to say the 2016 budget is just papering over the cracks. There’s nothing in this budget to increase wages, address inequal pay for carers or deal with the shocking pay rates and employment… ...
    GreensBy Denise Roche
    14 hours ago
  • Parents will pay more as school budgets frozen
    Parents will pay more for their kids’ education as a result of this year’s Budget after the Government froze operational funding for schools, Labour’s Education spokesperson Chris Hipkins says. “This means schools are effectively going backwards. They will need to… ...
    16 hours ago
  • Sticking Plaster Budget fails the test
    Bill English’s penultimate Budget fails to tackle the structural challenges facing the economy – a housing crisis, rising unemployment, underfunded health and creaking infrastructure, says Labour’s Finance spokesperson Grant Robertson. “This Budget applies a sticking plaster to a compound fracture.… ...
    17 hours ago
  • John Key fails middle New Zealand with no fix for housing crisis, more underfunding of health
    Middle New Zealand has again missed out in this year’s Budget with not a single fix for the housing crisis, and health and education woefully underfunded again, Leader of the Opposition Andrew Little says. “This Budget is just a patchwork… ...
    17 hours ago
  • Labour Bill would back Kiwi jobs
    The Government’s $40 billion of buying power would go towards backing Kiwi businesses and jobs under a Labour Member’s Bill which will be debated by Parliament, Leader of the Opposition Andrew Little says. “My Bill – which was pulled from… ...
    19 hours ago
  • Julie Anne Genter: My Budget 2016 wish is fairness
    When my parents first visited me in Auckland ten years ago, they remarked on how there were no homeless people on the streets. Coming from Los Angeles, they were used to seeing the impacts of horrendous inequality and a lack… ...
    GreensBy Julie Anne Genter
    21 hours ago
  • Steffan Browning: Pesticide reduction and Organic Growth Strategy in Budget 2016
    Pesticide reduction The Budget is an opportunity for the Government to launch a pesticide reduction strategy that multiplies the Environmental Protection Authority’s (EPA) and the Ministry for Primary Industries’ capacity to reassess pesticides and other toxins.  The Agricultural Compounds and… ...
    GreensBy Steffan Browning
    22 hours ago
  • Steffan Browning: Pesticide reduction and Organic Growth Strategy in Budget 2016
    Pesticide reduction The Budget is an opportunity for the Government to launch a pesticide reduction strategy that multiplies the Environmental Protection Authority’s (EPA) and the Ministry for Primary Industries’ capacity to reassess pesticides and other toxins.  The Agricultural Compounds and… ...
    GreensBy Steffan Browning
    22 hours ago
  • Minister won’t fess up on wrong figures
    The Minister of Health was caught out telling porkies in Parliament today when he was asked about the number of people getting access to mental health and addiction services, says Labour’s Health spokesperson Annette King. ...
    2 days ago
  • Budget 2016 and our LGBTQI communities
    LGBTI people make up about a tenth of our population, and our communities face a unique set of needs and challenges. These challenges are caused or exacerbated by discrimination, invisibility and barriers to appropriate support. We have a long way… ...
    GreensBy Jan Logie
    2 days ago
  • Budget 2016 and our LGBTQI communities
    LGBTI people make up about a tenth of our population, and our communities face a unique set of needs and challenges. These challenges are caused or exacerbated by discrimination, invisibility and barriers to appropriate support. We have a long way… ...
    GreensBy Jan Logie
    2 days ago
  • Scrambled announcement policy on the hoof
    Paula Bennett’s scrambled desperate announcement that she will pay homeless people to move to the regions is just the latest evidence of the disarray this Government’s housing policy is in, Leader of the Opposition Andrew Little says. “This is policy… ...
    2 days ago
  • Police Minister admits resolution rates fall short of expectation
    Police Minister Judith Collins has admitted in Parliament current burglary resolution rates are not meeting the expectations of our communities, says Labour’s Police spokesman Stuart Nash “Out of 284 police stations in New Zealand in 2015, 24 stations recorded zero… ...
    2 days ago
  • Mojo Mathers: A better deal for animals in Budget 2016
    Currently we are failing animals in NZ. On the face of it farmed and domestic animals in this country have strong legal protection from abuse, cruelty and neglect. In reality it seems that only the very worst, most extreme cases… ...
    GreensBy Mojo Mathers
    2 days ago
  • Metiria Turei: What we need from Budget 2016
    Every family deserves a warm decent home.  Everyone believes that. This housing crisis is just the latest consequence of a Government who puts the interests of the few wealthy people above the needs of NZ families.  Families are doing it… ...
    GreensBy Metiria Turei
    2 days ago
  • Dairy exports fall of 11%: Budget action on diversification needed
    Dairy exports have fallen 11 per cent compared to this time last year, a fall of almost $1.5b, showing the Government must take clear action on diversifying the economy in tomorrow’s Budget, says Labour’s Trade and Export Growth spokesperson David… ...
    2 days ago
  • Investors driving families out of homes in South and West Auckland
    Investors cashing in on skyrocketing Auckland house prices are driving families out of homes in South and West Auckland and causing homeownership rates in some of our poorest suburbs to plummet, Labour’s Housing spokesperson Phil Twyford says. “New analysis shows… ...
    2 days ago
  • Budget must deliver on paid parental leave
    Budget 2016 must deliver 26 weeks paid parental leave by April 2018 – anything less will be short-changing families, says Labour MP Sue Moroney. “My Bill which is before Parliament this afternoon has majority support and does just that. I… ...
    2 days ago
  • Key’s “brain fart” on tax cuts news to English
    John Key didn’t tell his own Finance Minister he was about to go on radio and announce he wanted $3b of tax cuts, just days after Bill English ruled them out, says Labour’s Finance spokesperson Grant Robertson. “In Parliament today… ...
    3 days ago
  • What I’m looking for in Budget 2016 – A better start for our tamariki
    Ensuring the best start for our tamariki is a priority for me in everything I do. And so in Budget 2016, my first budget as an MP, I looking for the Government to make a real investment in the wellbeing… ...
    GreensBy Marama Davidson
    3 days ago
  • What I’m looking for in Budget 2016 – A better start for our tamariki
    Ensuring the best start for our tamariki is a priority for me in everything I do. And so in Budget 2016, my first budget as an MP, I looking for the Government to make a real investment in the wellbeing… ...
    GreensBy Marama Davidson
    3 days ago
  • Denise Roche: What I’m looking for in Budget 2016 Pt II
    Aotearoa’s new New Zealanders,  come to our country in vulnerable position: – often away from the culture, communities and families they know, sometimes in neighbourhoods without familiar faces and often encountering barriers to employment. With net migration at 50,000+ a… ...
    GreensBy Denise Roche
    3 days ago
  • Equal Pay and Budget 2016
    The last few years we’ve seen equal pay for women flagged as an undefined risk in the budget. This year we should expect to see this, as well as budgeted money to deliver equal pay to caregivers and funding for,… ...
    GreensBy Jan Logie
    3 days ago
  • Equal Pay and Budget 2016
    The last few years we’ve seen equal pay for women flagged as an undefined risk in the budget. This year we should expect to see this, as well as budgeted money to deliver equal pay to caregivers and funding for,… ...
    GreensBy Jan Logie
    3 days ago
  • A great Budget would
    A great Budget would embrace the challenge of our polluted rivers and move the money away from justifying the status quo water rules into cleaning up waterways. A great Budget would take the Ministry for the Environment freshwater budget and… ...
    GreensBy Catherine Delahunty
    3 days ago
  • Budget building materials policy backfires
    On the eve of this year’s Budget official figures show Nick Smith’s Budget 2014 centrepiece to reduce the cost of building materials has backfired, says Labour’s Housing spokesperson Phil Twyford. “Ministry of Business, Innovation and Employment officials have spent the… ...
    3 days ago
  • Smarter, Better, Cleaner, Stronger
    This Thursday Bill English will deliver his eighth Budget. Will it continue the trend of previous National budgets, making tertiary education less affordable, putting only token funds into innovation, and subsidising polluters? Budgets aren’t what they used to be. Once… ...
    GreensBy Gareth Hughes
    3 days ago
  • Govt must come clean on tax cuts in Budget
    National is making a mockery of the Budget process by dangling the promise of tax cuts but failing to include them in the Budget, says Labour’s Finance spokesperson Grant Robertson. “National’s tax cut promises have turned into a farce. One… ...
    4 days ago
  • Grant Robertson Pre-Budget Speech
    Today I want to talk about success. As we know success can come in many different forms, from the fact you all made it here at such an early hour on a Monday, for which I am very grateful, to… ...
    4 days ago
  • Budget must deliver for middle New Zealand
    The Government must ensure next week’s Budget stops the squeeze on middle New Zealand and delivers shared prosperity for all New Zealanders, Leader of the Opposition Andrew Little says. The call follows new research commissioned by Labour that shows working… ...
    5 days ago
  • Our housing emergency – why we have to act
    Marama and Metiria at Homes Not Cars launch On Thursday, Metiria Turei announced the Green Party’s plan to start addressing the emergency housing crisis facing our country. Too many people are without homes right now – homeless. It is the… ...
    GreensBy Marama Davidson
    6 days ago
  • Will funding boost for sexual violence services go to the right places?
    This week the Government announced $46million for sexual violence services. This announcement was a result of decades of work by advocates and everyone who submitted to the Select Committee inquiry into funding for sexual violence services that I initiated with… ...
    GreensBy Jan Logie
    7 days ago
  • Will funding boost for sexual violence services go to the right places?
    This week the Government announced $46million for sexual violence services. This announcement was a result of decades of work by advocates and everyone who submitted to the Select Committee inquiry into funding for sexual violence services that I initiated with… ...
    GreensBy Jan Logie
    7 days ago
  • Denise Roche – What I’m looking for in this year’s Budget
    Two of the things I’ll be looking for in the Budget next week are more funding for refugees and for our arts and culture sector. More funding for refugees I’m a strong supporter of the #DoubleTheQuota campaign and its goals… ...
    GreensBy Denise Roche
    7 days ago
  • Denise Roche – What I’m looking for in this year’s Budget
    Two of the things I’ll be looking for in the Budget next week are more funding for refugees and for our arts and culture sector. More funding for refugees I’m a strong supporter of the #DoubleTheQuota campaign and its goals… ...
    GreensBy Denise Roche
    7 days ago
  • Car rego victims must get a refund
    Motorists who have been overcharged for their car registration should get a refund, says Labour’s Transport spokesperson Sue Moroney.  “Minister Nikki Kaye’s ‘faulty risk’ rating scheme has blown up in her face with over 170 different models of car having… ...
    7 days ago
  • Council statement shows they just don’t get it
    The Auckland Council’s statement today shows they don’t understand the problems created by the urban growth boundary, says Labour’s housing spokesperson Phil Twyford.  “I have been the first to defend the Auckland City Council when Bill English has been blaming… ...
    7 days ago
  • Inspecting electronic devices a potential privacy threat
    Labour is expressing concern for New Zealanders’ privacy rights as the Government signals Customs will have the power to inspect electronic devices coming across the border, says Labour’s Customs Spokesperson Rino Tirikatene. “We agree that customs officers should have the… ...
    7 days ago
  • The Price of Water
    This week I hosted a public meeting at EIT in Hawkes Bay to discuss how we might put a price on the commercial use of water, so that water may be valued and treated more sustainably. I invited a… ...
    GreensBy Catherine Delahunty
    7 days ago
  • Caption It NZ!
    Today I received a petition from the NZ Captioning Working Group urging the government to legislate for accessibility via closed captioning for deaf and hard of hearing New Zealanders. It was timely because today is the fifth Global Accessibility Awareness… ...
    GreensBy Mojo Mathers
    1 week ago
  • Older Kiwis to miss out on electives
    The Government is not doing enough elective surgery to keep up with New Zealand’s ageing population, says Labour’s Health spokesperson Annette King.  “It’s damning that the targeted national intervention rate for cataract and knee and hip surgery is the same… ...
    1 week ago
  • Most principals say their college is underfunded
    The Government must substantially increase funding for secondary schools in next week’s Budget after a new survey found 86 per cent of principals consider their college under-resourced, Labour’s Education spokesperson Chris Hipkins says. “Just 14 per cent of secondary principals… ...
    1 week ago
  • Bill English and Nick Smith on different pages
    The Government’s support for Labour’s policy to remove the Auckland urban growth boundary is good news, but National needs to clarify its position, Labour’s Housing and Auckland Issues spokesperson Phil Twyford says. “The Acting Prime Minister has acknowledged our position… ...
    1 week ago
  • Bill English and Nick Smith on different pages
    The Government’s support for Labour’s policy to remove the Auckland urban growth boundary is good news, but National needs to clarify its position, Labour’s Housing and Auckland Issues spokesperson Phil Twyford says. “The Acting Prime Minister has acknowledged our position… ...
    1 week ago
  • Labour calls for independent inquiry into illegal fish dumping
    The Labour Party is reiterating its call for an independent inquiry into New Zealand’s fishing industry after two reports revealed the Ministry for Primary Industries turned a blind eye to widespread fish dumping in New Zealand waters, says Labour’s Fisheries… ...
    1 week ago
  • Mt Karangahake and Newcrest Mining
    On Wednesday and Sunday of last week the local residents of the Karangahake mountain in the Karangahake gorge of Hauraki/Coromandel peacefully protested against a gold mining drill rig on private land adjacent to the DOC land. The drilling rig was… ...
    GreensBy Catherine Delahunty
    1 week ago
  • Robbing Aucklanders to pay Rio Tinto
    New Zealand’s national electricity grid stretches the length of the country and contains some 11,803 kilometres of high-voltage lines and 178 substations. It wouldn’t make sense for competing power companies to duplicate and build their own expensive electricity transmission system… ...
    GreensBy Gareth Hughes
    1 week ago
  • Government should abolish Auckland urban growth boundary
    The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis, says Labour’s Housing spokesperson Phil Twyford. “Over 25 years the urban growth boundary hasn’t… ...
    1 week ago
  • Kiwis don’t want iPads for Land deals
     It is outrageous that schools are relying on money and iPads from foreign land investors to meet the learning needs of their students, says Labour’s Education spokesperson Chris Hipkins.  “Several OIO land applications by offshore investors have claimed that without… ...
    1 week ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere