Author Archive
Holiday highway even less affordable
Written By: - Date published: 8:49 am, April 30th, 2012 - 14 comments
The case for the Puhoi to Wellsford Holiday Highway just got even worse. Before, officials reckoned it would return net benefits worth ten cents for every dollar spent. Now, the cost will equal the benefits – if traffic volumes double in 15 years. Problem is, traffic volumes in Northland are flat or falling in the Peak Oil Age.
The reverse Midas touch: the gap with Australia
Written By: - Date published: 9:37 am, April 27th, 2012 - 19 comments
Remember when we elected that guy with all the financial experience because he would be able to guide us through the tough time better and close the gap with Australia? Oops.
Genesis boss living it up on your money
Written By: - Date published: 6:48 am, April 24th, 2012 - 51 comments
The FYI project and I/S at No Right Turn have uncovered what appears to be massive abuse of expenses by Genesis CEO Albert Brantley, whom we pay $1.2m a year. It puts me in mind of Marie Antoinette. And we know what happened to her. Almost as shocking is the small stuff. Lucky Genesis is subject to the OIA, for now, so this guy could be found out.
The reverse Midas touch: exchange rates
Written By: - Date published: 9:10 am, April 23rd, 2012 - 57 comments
John Key likes to trade on his experience as a, well, trader. You know, he’s the deal maker. The one to steer us through tough economic times, to get our exports growing. He understands the markets and that knowledge will benefit New Zealand. But, how well has he really done? Let’s start this series close to home for Key: the exchange rate.
Govt case for Crafar sale seriously flawed
Written By: - Date published: 6:32 am, April 23rd, 2012 - 203 comments
Fran ‘sell it all’ O’Sullivan says the government’s case for selling Crafar farms “appears robust”. Well, she would say that. But, if you read it, you’ll see they’ve just done a half-arsed, perfunctory attempt to appear to abide by the law as defined by the Court while coming to the same decision on the same offer. It’ll be shot to pieces in Court.
The other wage gap
Written By: - Date published: 12:26 pm, April 20th, 2012 - 22 comments
In his speech yesterday, David Shearer talked about how wages have lagged productivity gains since the neoliberal revolution. Here’s what he was talking about:
Choices, choices: Hillside & National’s priorities
Written By: - Date published: 8:50 pm, April 19th, 2012 - 25 comments
When it comes to doing dirty deals with a casino, selling our law so that it gets a convention centre and more profits from gambling addicts, National’s willing to die in a ditch. But when there was an opportunity to save and expand our high-tech, high-skill manufacturing at Hillside simply by requiring government bodies to consider the costs and benefits of their actions on the whole country, not their narrow corporate interests, National did nothing.
Winning the race to the bottom
Written By: - Date published: 11:38 am, April 19th, 2012 - 42 comments
You don’t get fat off the crumbs from someone else’s table and you don’t get rich by being someone else’s butler. So, why the Nats are so happy that Australia is sending a few call centre and cigarette jobs here, where wages are lower, I don’t know. We’ll be wealthier if we produce more wealth, more stuff of real value. Not if our competitive advantage is low wages and insecure jobs.
Joyce’s dirty deals: money laundering at SkyCity
Written By: - Date published: 11:05 am, April 17th, 2012 - 30 comments
The Greens have revealed that criminals are laundering millions of dollars through SkyCity, taking their gambling losses as the price of coming out with clean, untraceable money. The Government’s sleazy ‘law for sale’ deal with SkyCity would only make it worse by allowing more anonymous, higher stake gambling on the pokies. Instead, we should be clamping down.
Govt not monitoring overseas investors
Written By: - Date published: 1:20 pm, April 16th, 2012 - 15 comments
The Right says selling all our stuff and letting the profits flow offshore is great. At least $2b of the asset sales programme will be bought by foreigners. But does overseas investment actually provide the benefits it claims? We don’t know because the government doesn’t monitor the outcomes. The Nats’ obsession with selling our stuff is ideological, without any evidence it’s good for the country.
Sack or be sacked
Written By: - Date published: 11:39 am, April 16th, 2012 - 15 comments
Ports of Auckland management admit they gave Slater/Lusk the confidential employment details of a worker who criticised the bosses’ disastrous bargaining strategy. At least 2 other workers were victims of the same misdeed. CEO Tony Gibson needs to sack the senior staff responsible. If he can’t or won’t, he’s incompetent or complicit and ought to go himself.
Nats need better excuses on billion dollar tax cut borrowing
Written By: - Date published: 8:38 am, April 11th, 2012 - 12 comments
As the Nats try to spin us into accepting another zero budget, focus is turning to 2 big holes that their policy decisions have created. First, the $1b+ a year spend on the low to negative value Roads of National (Party) Significance. Second, the $1b+ annual cost of the 2010 tax changes. That’s $2b+ that could be spent elsewhere, avoiding spending cuts without more borrowing.
Both sides of Joyce’s dirty deal bad for NZ
Written By: - Date published: 4:50 pm, April 8th, 2012 - 89 comments
We know that giving SkyCity more pokie machines will mean more problem gamblers, more crime. The Right says it’s worth it for the convention centre. But the official numbers show that’s a dog and we would pay for it in the long-run. It’s not one side of this equation that is bad for New Zealand, it’s both.
When ‘fiscally neutral’ costs a billion+ a year
Written By: - Date published: 8:59 am, April 5th, 2012 - 30 comments
On Monday, Key said his tax cuts have been “literally fiscally neutral”. In Parliament yesterday, Russel Norman showed Treasury documents showing the 2010 tax changes were to forecast to cost $1.1b in 4 years, actually cost $1.1b in 9 months, and the cost has grown since. Key didn’t want to hear the Treasury numbers, instead waving some ‘billshit’ put together by the Finance Minister.
Brownlee’s head in the sand, looking for cheap oil
Written By: - Date published: 7:17 am, April 4th, 2012 - 64 comments
Rookie Green MP Julie Anne Genter, a transport planning expert before entering Parliament, gave Transport Minister Gerry Brownlee, whose qualification for the job is that he used to teach kids to make wooden toy cars, a sharp lesson in transport policy in the House yesterday. It’s rare for a newbie to show up an old tusker like that. With petrol prices at record levels, I hope someone in the government’s listening.
Juking the stats?
Written By: - Date published: 11:50 am, April 3rd, 2012 - 18 comments
The recorded crime rate has been dropping for two decades now mostly due to changing demographics. More good news this year with a 4.8% drop, mostly attributable to a 21% fall in Canterbury. But something’s a little off in these numbers. The number of offences recorded has fallen, yet the percentage solved has fallen even more. Shouldn’t less crime mean more resources to solve the ones that do happen?
Joyce’s dirty deals: Skycity
Written By: - Date published: 7:19 am, April 3rd, 2012 - 40 comments
While Collins is busy backing herself into a corner over the ACC affair and has found herself footing the bill for vexatious lawsuits, Joyce, her main rival for the post-Key leadership, is cutting a sleazy deal with SkyCity: more pokies and relaxed licencing in return for an international convention centre we don’t need. Now we learn SkyCity is fostering problem gambling.
Nat Civil War: Key backs Boag over Collins
Written By: - Date published: 11:35 am, April 2nd, 2012 - 54 comments
John Key gave one of his least sure and most defensive interviews in five years on Q+A on the weekend. His goal was clearly to protect his personal brand and close the issue down. He failed. He failed because he refused to criticise Pullar and Boag, and refused to back Collins’ law suits. That puts him at odds with the Collins faction and onside with Boag’s.
It’s safe to get off the fence now, Len
Written By: - Date published: 9:54 am, March 31st, 2012 - 50 comments
The PoAL management looks as incompetent and divided as the Nats after their ‘bullet-proof’ contracting out plans were shot down by the Employment Court and a director resigned publicly admonishment management’s strategy. Time to use that bully pulpit, Len. Say you have no confidence in Pearson and Gibson, demand they drop their plans, and get the port back to work.
Beached as bro
Written By: - Date published: 11:59 am, March 30th, 2012 - 57 comments
Within minutes of Simon Lusk’s name being linked to the leaking of the Boag email, a message came through on the tip line – Slater is going feral over Lusk’s name being mentioned. And well he might, Lusk is Cameron Slater’s meal ticket. After a stunned silence on Whaleoil for a few hours – Slater/Lusk were back with all the dirt they could sling.
Mfat’s cuts cost $9.2m
Written By: - Date published: 7:50 am, March 29th, 2012 - 20 comments
Mfat is spending $9.2m a year on 30 strong razor gang cut diplomat jobs. It’s a ludicrous waste of money. As Goff notes – McCully’s splurging on ‘back office’ contractors in the razor gang to cut the ‘frontline’. 49 of 53 heads of mission have written to McCully say this process is destructive and dangerous. All McCully can do is blame the ‘star’ private sector head of Mfat he appointed.
Joyce for National leader?
Written By: - Date published: 10:23 am, March 28th, 2012 - 36 comments
Ipredict reckons there’s 60% odds Key won’t be National leader in 3 years. Whether you think that’s too low or high, it brings an important fact into resolution – the next National leader is in Parliament, probably a minister right now. People talk about Parata but she’s a lightweight. Collins and Joyce are the options. Mike’s just had a look at Collins’ style, let’s examine Joyce’s.
Workers’ victory over incompetent PoAL management
Written By: - Date published: 8:32 am, March 28th, 2012 - 43 comments
Ports of Auckland must pay the permanent workers among the union members it had illegally locked out. It’s only a partial victory for workers who want to work and have long-term job security, not just get paid for two weeks. But it’s yet another costly defeat for management. How long will they keep burning ratepayers’ money like this before the council acts?
Workers take PoAL management back to court
Written By: - Date published: 10:14 am, March 27th, 2012 - 6 comments
Mediation broke down in the Port dispute again yesterday with the PoAL management still refusing to make any concessions. So it’s back to court for a ruling on PoAL’s lockout without notice. Hopefully, the Court will side with reason, force the Port to allow the workers back and impose compensation for lost wages along with hefty fines.
Will Brownlee apologise to Finland or resign?
Written By: - Date published: 9:13 am, March 27th, 2012 - 113 comments
The lead story on Helsingin Sanomat, Finland’s largest newspaper is about the “violent comments” of Gerry Brownlee. How would we react if a foreign politician told those kind of lies about NZ? We’d go off our self-righteous rockers. In some countries, like Finland, a minister would resign without hesitation if they brought their country into disrepute.
This brighter future
Written By: - Date published: 9:19 am, March 24th, 2012 - 33 comments
Growth in the December quarter was 0.3%, a third of the government’s PREFU forecast.
| Quarterly GDP per capita, $95/96 | |
| Peak, Q4 2007 | 8,104 |
| When Nats took power, Q3 2008 | 7,935 |
| Now, Q4 2011 | 7,777 |
| Brighter Future | any day now |
Anyone else find it odd that GDP per capita has fallen as much during the ‘aggressive recovery’ as it did during the recession?
Rortwatch: closing prisons to justify Wiri
Written By: - Date published: 9:15 am, March 23rd, 2012 - 15 comments
1,200 prison beds, 1 in 8, are empty plus the 1,300 bed reserve. Prisoner numbers are projected to keep falling. So, why are the Nats spending a billion dollars on the Wiri private prison? And where will they get the prisoners? By closing existing public prisons. Rather than upgrading what we have more cheaply they’ll let a foreign company make a profit off locking people up.
PoAL’s illegal lockout adds to Auckland’s losses
Written By: - Date published: 9:02 am, March 23rd, 2012 - 178 comments
The Port of Auckland’s refusal to let the stevedores return to work now that they have lifted their strike notice is a lock-out. There are specific legal requirements around strikes and lock-outs at ports and other essential services – notice must be given in writing and with 14 days’ notice. The Port’s lock-out is illegal. And it’s costing Auckland millions.
Good for the goose…?
Written By: - Date published: 9:10 am, March 21st, 2012 - 7 comments
Treasury has repeatedly proven itself incapable of forecasting its way out of a paper bag but, for some reason, that doesn’t stop it trying to tell everyone else how to do their jobs. Currently, they’re pushing for larger class sizes in the reduced education budget. Someone should ask why the education budget is under pressure but Treasury’s isn’t. Wait, someone did.
Farrar discovers peak oil, nearly
Written By: - Date published: 12:28 pm, March 20th, 2012 - 101 comments
Barack Obama will be breathing a sigh of relief after David Farrar endorsed his call to end oil subsidies. It seems the 3rd oil price spike in 5 years is getting the attention of even the Right. Something, they’ve got an inkling, is wrong and rising petrol prices are here to stay. Pity that, on the cusp of revelation, Farrar opts for the security blanket of neoclassical economics.
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