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Crisis, what crisis?

Written By: - Date published: 9:50 am, October 19th, 2012 - 92 comments
Categories: jobs - Tags:

A great piece by Byran Gould yesterday on National’s refusal to acknowledge the jobs crisis in manufacturing, even as the ANZ says unemployment is on its way up to 7%. National is really on the wrong side of public perception and the wrong side of history here. They look like ostriches trying to deny the problem, while the Left is presenting the solutions.

I want to reproduce the Gould article, it’s so good, but here’s some snippets:

In January 1979, the British Prime Minister, Jim Callaghan, returned from a Summit meeting in the Caribbean to a Britain suffering the serious industrial unrest that became known as the “winter of discontent”.

Interviewed at Heathrow airport, Mr Callaghan’s relaxed attitude to talk of chaos was translated by The Sun the following morning into a headline reporting the Prime Minister as saying “Crisis? What Crisis?”

The electorate’s reaction led directly to Mrs Thatcher’s election victory later that year.

John Key, returning from Hollywood this week, was equally dismissive of talk of a crisis in manufacturing.

Our Prime Minister was in some ways even more insouciant than Mr Callaghan; faced with Statistics New Zealand figures showing 40,000 manufacturing jobs lost in the last four years, he airily asserted that our expert official statisticians were simply wrong.

….

Ministers dare not say so publicly, but they use economists’ jargon to explain why unemployment remains high. Labour costs are “sticky” – that is, they have not fallen in order to clear the market, as the theory says should happen. Their conclusion is that the market must be helped by “unsticking” labour costs to force them down.

It may be hard to credit that our government wants to bring wages down, yet that is what they have set out to do.

How else to explain why workers’ rights have been significantly weakened, so that workers can be taken on, and then thrown back on the scrap heap without any redress?

Why else are young workers to be paid less than the minimum wage, if not to remove the floor placed under wage levels?

Why was a modest rise in the minimum wage voted down while top salaries zoom upwards?

Why have benefits been removed and reduced so that even solo mums with young children are forced back into the labour market, whether or not there are jobs?

Why is covert support lent to big employers such as Oceania or Talleys as they cut the real wages paid to already low-paid employees?

These measures are explicable only if the intention is to force the lowest wages lower, so that downward pressure will increase on wages across the board.

….

A lower exchange rate would at least give us a fair way of reducing our costs across the board, and provide a platform from which we could begin to grow the economy again.

The government, though, would rather see the whole burden of reducing our costs in international terms borne by working people. Little wonder that the share of national income accounted for by wages has fallen.

Oh, and have you seen this from the Greens? What crisis, indeed.

92 comments on “Crisis, what crisis?”

  1. Lanthanide 1

    Nice stats on the Greens card, but it’s not immediately clear from the layout/formatting that those are negative signs. They could just be dashes to join the number to the item.

    I’m not sure there’s a lot of options to fix this, but something like:
    40,000 jobs lost
    12.4% lower
    9.0% lower
    10.0% lower
    6.1% lower
    17.2% lower

    Could work.

    • Lanthanide 1.1

      Actually thinking about it more, all they have to do is right-align all the numbers and keep the negative sign in the same place, like this:


      - 40,000
      -  12.4%
      -   9.0%
      -  10.0%
      -   6.1%
      -  17.2%

      • Chris 1.1.1

        I agree with you that it’s not immediately obvious but think right aligning the numbers would make it even less obvious.

        I think the best way would be too right align the numbers and the dashes – for me it having the – all in one line which makes it seem like they are dashes rather than minus signs.

        • Lanthanide 1.1.1.1

          Yes, although that looks kinda messy.

          • ropata 1.1.1.1.1

            ↓↓↓ down arrows instead of dashes.

            • Chris 1.1.1.1.1.1

              That is definitely the easiest way

              • Rob

                Oh thats great, I feel really relieved in our manufacturing business here in Sth Akl that we have collectively solved the formatting issue. Good work team, now lest all sit down and have a celebratory flat white and congratulate ourselves.

                A question – where is the great left solutions to our manufacturing crisis. All I have seen is repeated ‘experts’ telling me we have an issue. I sort of get that from our finance team and the bank.

                And if I hear again that the secret is in a lower $ you guys have got rocks in your heads. There are many local manufacturing businesses that need a reasonable doller to purchase items for conversion. Any decrease in the doller will blow us apart like many other medium sized fabrication businesses in NZ.

                So for us 120 odd souls in this business I have seen sweet ‘F’ all of any sense come out of anybody. Also if Winston Peters, David Shearer and the green dude are being promoted as manufacturing experts , we really are in serious shit.

                • Colonial Viper

                  And if I hear again that the secret is in a lower $ you guys have got rocks in your heads. There are many local manufacturing businesses that need a reasonable doller to purchase items for conversion. Any decrease in the doller will blow us apart like many other medium sized fabrication businesses in NZ.

                  Hey dude answer is simple, even for somebody like you to figure out

                  USE MORE NEW ZEALAND SUPPLIERS

                • Lanthanide

                  “Any decrease in the doller will blow us apart like many other medium sized fabrication businesses in NZ.”

                  Wow, really? You’re operating in a country where the currency has historically averaged around 60c US, and now that it’s 80c, if it goes any lower your company will go out of business?

                  That’s rather strange.

                  • Rob

                    Its not strange and I am not trying to confrontational but the reality is that most manufacturers have now resized and hedged as much as they can and are still finding it hard to reach a break even. You balance a business on the current climate, where it was two years ago is history and has no relevence. The doller might be higher which is an advanatge but revenues are less so you have to balance on current. If revenues stay the same and the doller decreases the that is a tough scenario. Thats not strange , it is reality.

                    CV you must have a hightened picture or a very outdated one on what is actually produced in NZ now. You will probably come back and say – what an opportunity and it probably is if they can get close to unit costs as they will have the ship time and lower inventory cost advantage, however who is brave enough now to enter into manufacturing converted raw materials in a lowering sales cycle?

                    The fact is many businesses rely on off shore supply, when the doller decreases the cost increase and business stop generating a profit.

                    • Clashman

                      Why would your revenue stay the same if the value of the dollar decreased?

                    • Rob

                      Um, because the market size has been at a stable low level now for the last 12 months. Its an extrapolation assumption of the current sales revenue forward as a forecast.

                    • Rob

                      But it could go down further, or consumers might start buying something, who knows , thats the future, ill leave it up to you experts to decide on what may or may not happen.

                    • Colonial Viper

                      CV you must have a hightened picture or a very outdated one on what is actually produced in NZ now. You will probably come back and say – what an opportunity and it probably is if they can get close to unit costs as they will have the ship time and lower inventory cost advantage, however who is brave enough now to enter into manufacturing converted raw materials in a lowering sales cycle?

                      All it would take is access to cheap development credit. Come on man, have some initiative.

    • karol 1.2

      It’s immediately clear to me, and I usually find graphs/graphics communicate less immediately to me than the printed word.  I usually need to ponder on graphs.
       
      That 1979 winter of discontent was the beginning of the end of immediate hopes for a fair and equal world.  It’s been all downhill since then. 
       
      I was living in South London at the time.  I remember all the strikes and resistance to Thatcher’s government – the black rubbish bags piling up on Clapham Common; the train strikes and motorbiking across London on my motorbike during snow storms, and the pain of my hands thawing when I arrived at my destination and warmed up. Etched in my very bones.
       
      Still waiting for some real signs of hope for a change for the better.  We just go from one crisis to another, it seems.

      • Te Reo Putake 1.2.1

        That was a weird election result, totally distorted by the FPP system. Over half the votes went to Labour and the Liberals, yet the Tories ended up with a massive majority, helped by the Sun newspaper advocating that their working class readers abandon Labour.

        You may like this site, Karol:

        http://www.isthatcherdeadyet.co.uk/

      • Lanthanide 1.2.2

        “It’s immediately clear to me, and I usually find graphs/graphics communicate less immediately to me than the printed word.

        Probably because you already know the stats and can quickly realise that all of these figures are negative.

        Someone who had no idea about these figures before (and just believed Key’s spin that job numbers are slightly up) may be confused about what it’s saying.

    • lprent 1.3

      I think that the visual problem is that there is a space between the minus sign and the number on the Greens chart. It is unusual but pretty obvious.

      But I’m so used to dealing with different number notations like the accountants ($10.00) to some of the European accounting notation ($10,00) etc etc that they all look the same to me.

      And don’t get me started on the different date and time notations. Clearly the idiots reign in that region.

  2. Gosman 2

    Weirdly The Greens, NZ First, and now perhaps Labour are all wanting to drive Labour costs down as well to help our Export sector.

    • Te Reo Putake 2.1

      Cite?

    • lprent 2.2

      I’m rather puzzled as well. I’m sure there is a Cameron style of fantasy logic in there somewhere….

      • Gosman 2.2.1

        http://www.economist.com/blogs/freeexchange/2012/07/devaluation

        Please note the following section.

        “A big currency depreciation instantly hits consumer purchasing power and reduces wages.”

        Do you dispute this?

        • Jackal 2.2.1.1

          Gosman, if you haven’t noticed already, people aren’t purchasing much these days. This is mainly due to a lack of spare money. By not protecting our export sector, National is ensuring that many people will have even less spare money to spend. That means New Zealands internal economy does not perform, which causes unemployment.

          So there’s depreciation in purchasing power either way. You can protect our export industries or you can ensure people can more easily afford imported goods. Increasing the cost of imported goods will not necessarily drive down wages, because wages in the affected sectors we’re talking about are governed by policy, not the free market.

          • Gosman 2.2.1.1.1

            “Increasing the cost of imported goods will not necessarily drive down wages, because wages in the affected sectors we’re talking about are governed by policy, not the free market.”

            What sectors are you meaning and what evidence do you have for the view about wages?

        • Te Reo Putake 2.2.1.2

          Yes. And I dispute that this is what is being proposed. Strawman?

          • Gosman 2.2.1.2.1

            You dispute The Greens, .NZ First, and possibly Labour are calling for a devaluation of the .NZ dollar? Hmmm…. on what basis are you making that claim?

        • McFlock 2.2.1.3

          Wow – how to take shit out of context. Following line:”Purchases of foreign goods quickly fall because prices of foreign goods quickly soar. The pace of adjustment will depend on how quickly domestic industries pivot toward import replacement and exporting. ” (my bold)
                    
          So a devaluation means more jobs for domestic workers, both in exports and in providing previously-imported commodities to domestic industry. Trool.

          • Gosman 2.2.1.3.1

            Possibly, but what is not in dispute is the immediate impact of the devaluation.

            By the way, in the past you have stated opposition to devaluation. Have you changed your tune?

            • McFlock 2.2.1.3.1.1

               Possibly, but what is not in dispute is the immediate impact of the devaluation.

              Certainly, devaluations amid crisis can contribute to and are very often associated with significant economic contractions. ”
              “can contribute to” … “very often associated with”.
              Hardly a categorical imperitive that a devaluation will lead to economic collapse. 

              By the way, in the past you have stated opposition to devaluation. Have you changed your tune?

              dox plox. I seem to recall arguing in favour of devaluation, but I could be wrong.

              • Gosman

                Nobody is really arguing that devaluation will lead to economic collapse. It may very well be a valid, (if slightly wrong headed), approach to take. Countries like Greece and Italy used to follow such a path prior to their entry in to the euro for example.

                I’m pretty confident you made statements in the past trying to argue the major negative impacts of devaluation on the economy.

                Let me attempt to refresh your memory. It was regarding the rather dubious attempts to link John Key to an ‘attack’ on the NZ dollar back when he was a currency dealer.

                I pointed pointed out that even if it was accurate, (unlikely given the lack of any hard evidence), it could be argued that it actually benefitted the NZ economy as it made our Exports more competitive.

                Your irrational dislike of anything other than your ideologically biased view of the world meant you tried to argue how it was actually incredibly harmful to the NZ economy due to increased costs or something. I could try and find the links to the discussion if you like.

                • McFlock

                  vaguely recall something about that. Would still like the dox plox, given your love of misinterpreting a single line you take out of context.
                     
                  So to use an analogy, you’re saying that because I said something was wrong with anorexia, my recent comments in favour of obese people trying to work towards a BMI in the mid 20s are inconsistent or hypocritical? To which I respond: you’re a moron.

                  • Gosman

                    http://thestandard.org.nz/the-reverse-midas-touch-the-gap-with-australia/comment-page-1/#comment-464383

                    Just for you McFlap I have found your comments.

                    I especially like this one

                    “I’m sure they loved it for three minutes, until their imported materials went through the roof”

                    Care to retract your previous thoughts on the subject?

                    • McFlock

                      Not really.
                                   
                      But thanks for showing how history repeats itself. The post today is about the pain the high dollar value is causing. Similar to (but different mechanism to) the situation in the 80s.
                               
                      What happened in the 80s was a sudden massive devaluation (figure1) from the over-valuation (the bit where Key made a mint). This fucked exporters too, because substitution to domestic materials takes time for the domestic producers to increase output.
                             
                      You really ought to look at economic systems as complex, yea even “dinnamic” environments, rather than just a catechism of Freidmanite doctrine.  

                    • Gosman

                      Are you trying to state that the policy to try and effect a devaluation of the NZ Dollar by 15 % that Russell Norman has come out with will be some sort of gradual approach? Where is your evidence that he has stated that the devaluation will be done slowly?

                      I do love how people like you think governments can manage market movements in a slow and controlled manner. It is so more delicious watching when it all goes horribly wrong.

                    • McFlock

                      [edit] wtf? did make a comment so dumb that even YOU realised it was too stupid to exist, so you deleted it?

                      as to the Green policy, you might want to look at the Green poster in the actual fucking post you’re commenting on: “The Government needs to manage the dollar down now instead of leaving all New Zealanders waiting for the shock of a sudden slump”. So yeah, that 15% off will be more gradual than the do-nothing alternative.
                             
                      And the market will “accept” it in the same way it’s “accepted” an artificially high NZD. 
                                
                      And I love how you seem to think that the economy hasn’t already gone horribly wrong. NZ kids with third world illnesses, massive sustained unemployment, and a dollar value that’s as big a cancer on the economy as 20% inflation. Oh yeah, everything’s lovely, we mustn’t mess with success.
                                      

                    • Gosman

                      I haven’t deleted anything. Just edited my comment to better reflect my views.

                      If you think you can manage the exchange rate I would like to introduce you to the Ghost of Robert Muldoon. You two have a lot in common to talk about.

                      You do realise that if the market actually thought the Government was going to be successful at managing the exchange rate down by 15% it would basically move them pretty damn quick and wouldn’t wait until the Government decided to act on it.

                      The NZ economy is doing far better than most other Western nations and is in far better position.

                    • McFlock

                      lol
                             
                      So according to Gas the Greens’ currency management efforts will be a sudden shock and completely ineffectual at the same time.

                    • McFlock

                      hmmm. I wonder if comments disappear from refresh while they’re being edited? That might be it – I posted a reply and my two comments were suddenly consecutive.

                    • Gosman

                      I never stated they would be ineffectual. In fact I suspect they will have an effect. Most likely not the one the Greens are wanting.

                      I do have a couple of questions for you.

                      Imagine a scenarion where The Greens policy of devaluing the currency by 15% is about to be implemented.

                      If you were an exporter who had a rather large foreign currency amount that needed to be repatriated to NZ what would you do?

                      If you were holding a large amount of NZ dollars and needed to send them offshore at some stage, what would you do?

                    • McFlock

                      Again, that’s a replay of the 1980s: announce before the election that you’ll float the dollar because it’s horrendously overvalued, then act all surprised when you go straight from float to currency crisis (courtesy, in his own small part, to dunnokeyo).
                         
                      The Greens might be filthy hippies with a tendency to wave flags instead of work towards actual change, but they’re not as stupid as Douglas and other tories.
                           
                      It’s a bit like how the OCR is tweaked – often no change really needs to happen because the market pre-empts the signalled tweak. Now, if the Greens somehow managed an overnight 15% cut in value, that might well be a bad thing (i.e. change faster than producers can adapt) and your scenario comes into play. But we don’t know how the Greens plan to decrease the value of the dollar, or over what timeframe. Nor does the market. A 15% speculative gain in two weeks is a good income by anyone’s standards, and would lead to a 1980s-style collapse. A 15% return over 3, even four years? Not so much. People will do other things with their cash. Still good, but not a boom-bust scenario. As it is, the Greens getting into govt might devalue the dollar by a percent simply on the basis of the flagged policy, so they get a start on their task before they do anything.

                    • Gosman

                      You really don’t understand how the market works McFap.

                      Announcing a 15 % devaluation over time would be both virtually impossible to achieve and also encourage speculative attacks on the dollar.

                      Speculators would be looking to force the government’s hand to bring forward the devaluation to certain levels. People who held spare NZ dollars would be looking to get their momey out of the country as soon as possible before the Government let the currency fall. People who held foreign currency they were keeping offshore would hold off bringing them back until they could get the better rate.

                      Ever wonder why most countries with floating exchange rates don’t follow the policy you advocate? You could possible avoid the worse effects of this if you slapped capital controls on, but they come with their own costs.

                    • Colonial Viper

                      Announcing a 15 % devaluation over time would be both virtually impossible to achieve and also encourage speculative attacks on the dollar.

                      Speculators would be looking to force the government’s hand to bring forward the devaluation to certain levels.

                      You are right. Any country looking to strongly manage its currency value would simply use capital controls to prevent the outcomes you are talking about.

                      For instance, requiring all NZD conversions to be performed in NZ, and only by approved banks, and only using accounts associated with NZ citizens.

                      Also, applying a 0.25% tax to every non-trade based NZD currency conversion.

                      And no country would ever pre-announce it was reducing the value of its dollar. All you do is to run an undisclosed peg of the value of your currency against a weighted basket of currencies of your major trading partners.

                      People who held spare NZ dollars would be looking to get their momey out of the country as soon as possible before the Government let the currency fall.

                      Exit tax.

                    • McFlock

                      Speculators would be looking to force the government’s hand to bring forward the devaluation to certain levels. People who held spare NZ dollars would be looking to get their momey out of the country as soon as possible before the Government let the currency fall. People who held foreign currency they were keeping offshore would hold off bringing them back until they could get the better rate.

                      So if I read you correctly, if the government signals devaluing the dollar, the market will devalue the dollar even more? Well then, if the dollar devalues then the government needn’t do a thing.
                            
                      Oh, and for someone who reckons he knows how markets work I’m surprised you don’t know that trading in NZD has no relevance to whether the dollars are in the country or offshore. One of the ten most traded currencies on the planet, mate: most of it in gambling halls dunnokeyo would be familiar with.
                             
                      Here’s a question for you Gos: if the government can’t manage people’s purchasing choices in a market, why has the Reserve Bank inflation target been met consistently since the RBA was passed?
                         
                       

                    • Gosman

                      Not necessarily more, just faster than what the government would want and with much greater volatility in the price. Businesses tend to like stability rather than lots of stability.

                      CV surprisingly has hit the nail on the head with his solutions, which will likely all be necessary if you wanted to control the exchange rate. It would likely lead to a massive rise in interest rates in the country but that might encourage savings at some stage. Of course it will make it difficult for businesses to get capital and therefore less economic output but a small price to pay I suppose for economic ‘sovereignty’.

                    • McFlock

                      So there are mechanisms by which the government can affect the exchange rate, but these might have adverse effects on other measures.
                         
                      A bit like how concentrating solely on inflation can have an adverse impact on unemployment.
                         
                      Fuck me, Gos, you’ve discovered that “managing an economy” is not about getting one gauge to read an idealised nominal value, but about finding the best mix for a number of different indicators. And the exchange rate is one of those indicators that can be managed. 
                           
                      You must be a professional waste of space. The thought that you’re a sincere but imbecilic amateur is just too damning an indictment on the NZ education system…

                    • Gosman

                      Ooops. Too much stability. That sentence should have read ‘rather than lots of volatility;.

                    • Gosman

                      The trouble for you McFlog is that my views are orthodox whereas yours are currently fringe. Even Labour and the Greens don’t advocate re-establishing Capital controls on anywhere near the levels necessary to properly manage the currency. hence any policy will be subject to manipulation by those dreaded speculators you hate so much.

                    • McFlock

                      The trouble for you McFlog is that my views are orthodox whereas yours are currently fringe. Even Labour and the Greens don’t advocate re-establishing Capital controls.

                      “Orthodox” – you mean “out of date”.
                        
                      So now you fall back on the “everyone else is jumping off the cliff” argument. Colour me unimpressed. And, of course, the Greens are advocating managing the exchange rate in some way, and if capital controls are the only way of doing it…

                    • Gosman

                      But they aren’t talking about slapping currency controls on. All they have mentioned is discouraging short term capital movements with some regulations and/or taxes (AFAIK).

                      If they were talking about introducing heavy capital controls then they would be being more honest. Of course businesses would turn against them with a vengence but at least we would have a proper debate on the subject. I doubt the Greens will be that courageous though.

                    • Colonial Viper

                      Of course it will make it difficult for businesses to get capital

                      *Shrug*

                      That’s what a re-tasked KiwiBank would be for.

                      And it’s bloody impossible for SMEs to get access to development capital now, so nothing will really change right?

                    • McFlock

                      Gos,
                           
                      If someone says that they’ll control X;

                      and the only way so far to control X is to use Y;

                      [barring some other control mechanism which your stunning economic genius has failed to identify ]

                      Would you  be surprised if the person who promised to control X used Y, even if they hadn’t explicitly said (i.e. in a manner that even you could understand) that they would use Y?

                    • Gosman

                      Well no. The Greens are pretending they can manage the exchange rate just by a mix of pumpinjg liquidity into the market and a small amount of regulation and controls of capital. As discussed that will likely be ineffective. They should be truthful and state they wish to move to full on capital controls. It would be a boon for Wellington so I’d love it personally.

                    • McFlock

                      Given that you’re an “all or nothing” kind of guy who’s only just discovered that the economy is a balancing act between different indicators rather than a single ideal reading on one gauge, I think I’ll ignore your opinion on whether the Greens’ policies are too subtle to affect the market.

                  • Gosman

                    With that comment I am tempted to suggest you being employed as an advisor to Bill English to counter the proposed policy of The Greens, NZ First, and possibly Labour.

                • Enough is Enough

                  evidence please Gosman.

                  Me thinks you tell Key like Porkies in a ttempt to prove a point

    • Labour costs? …. Gosman they want the the exchange rate to drop, not wages.

      You’re starting to sound like DunnoKeyo M8!

      U should not have drunk his blood @ that party moron ! ….
      Didn’t someone tell you witchcraft is evil ?

      • Gosman 2.3.1

        Like I suspected, most leftists don’t really understand economics much at all.

        You probably think wages are rising if people get a pay rise of 15 % when inflation is running at 20 % as well.

        • Jackal 2.3.1.1

          Gosman describes the situation since National gained power.

        • PlanetOrphan 2.3.1.2

          Trying too put words in mouths is a sign of Idiocy M8!

          I don’t talk economics, much more qualified people around too do that (Cheers Jackal)

          I’m not “Left”, I’m civilised

        • Dv 2.3.1.3

          inflation is running at 20 %

          The last time that was happening it was ……………………………..

          THE NATS

          • Gosman 2.3.1.3.1

            Ahhhh…. not quite. I think you will find it was Labour in the 1980’s.

            [lprent: Ridiculous. It peaked under Muldoon after the dual oil shocks in the 70's and Nationals incompetent economic management. It dropped massively under Labour in the 80's. National followed mostly Labour's policies (as they appear to be incapable of structural innovation) and it dropped to the current level.

            Please google... It literally took seconds to find the reserve bank education page on inflation.
            http://www.rbnz.govt.nz/monpol/about/0053316.html
            ]

            • Jackal 2.3.1.3.1.1

              Actually inflation was pretty high from 1975 to 1990. Robert Muldoon’s economics dominated the third National government which held power between 1975 to 1984. It took the Fourth Labour governments major social and economic reforms between 1984 and 1990 before inflation started to decrease.

            • Gosman 2.3.1.3.1.2

              It never reached 20 % under National or Labour, so we are both wrong. It did reach a peak of over 18% under Labour, (not National), though so my point still stands.

              I am not disputing that Labour brought it down. It was a key result of the Reserve Bank Act of the late 1980’s. An Act that Labour has now decided to change fundamentally.

              • One Tāne Huna

                Weasel. noun. Gosman with a tail.

                The Reserve Bank Act was brought in precisely (or at least in a large part) because of inflation pressures, which are nothing like the problem they once were. Labour seeks to widen the scope of the Reserve Bank’s powers, not remove inflation targets.

                Even I know that.

                • Gosman

                  They are not a problem because the primary focus of the Reseve bank of NZ is to keep inflation low. You change the policy it is highly probable that inflation will increase. Of course you might prefer to live in a fantasy land where the Reserve Bank can keep inflation low at the same time as trying to meet multiple other targets. I do have one question for you though. Why did NZ, (and eventually other countries), decide to keep Reserve Bank targets so focused on one measure?

                  • One Tāne Huna

                    Your assumptions are showing – namely that there are the same level of inflationary pressures on the economy now as then.

                    PS: I recall the policy was also to increase the acceptable inflation range. So, yes, superficially you are correct.

                    • Gosman

                      What inflationary pressure was on the NZ economy back then that doesn’t exist now?

                    • Te Reo Putake

                      Gossie, Muldoon’s wage and price freeze artificially held down inflation. The release of that built up pressure triggered a massive rise in inflation, as I recall.

                • Dv

                  The reserve bank act was brought in in 1989, well after the inflation peak of 16% in 1980.

                  The inflation rate in 1989 was just over 2%.
                  The inflation targets have been met reasonably well since then.

                  BUT it seem to be a fallacy the act reduced inflation because of the timing.

                  So what really caused the drop in the inflation in the eighties?
                  Was it the wage price freeze or .. what??

                  (I am using the LPent graph)

                  • Dv

                    Woulld let me edit.

                    TRP
                    Muldoon’s wage and price freeze artificially held down inflation. The release of that built up pressure triggered a massive rise in inflation, as I recall.

                    That was my thoughts too, BUT the LPent graph doesn’t seem to support that??

              • Enough is Enough

                You mean the first Act government. Don’t associate Labour with that Rogering which was the Douglas Neo Lib revoultion

                • Gosman

                  Was there any current members of the Labour party caucus involved in this party that you are now trying to disassociate yourself from?

                  Do you think the original Reserve Bank act was wrong, and do you know if any members of the current Labour party caucus agree with this view if you do?

                  • Enough is Enough

                    Whether the Reserve Bank Act was right or wrong is irrelevant in respect of todays problems. Throw away your cassette tapes, cut off your mullet and move out of the 80’s. Concentrate on the unique challeges we face today.

                    The Reserve Bank Act was introduced at a time when inflaion was in double digits. Look at Prentices’s graph to what the economic issue in the 80’s was.

                    25 years later Douglas, the world and our economy have all moved on. So should you.

                    We have a problem and we are debating what can be do to fix that problem. You are saying an Act that was introduced 25 years ago must be entrenched and stay the same forever amen.

                    We are saying lets look at that Act to see whether it can be beefed up, stripped out, reconditioned, or tinkered with in order to deal with the problems the economy faces today.

                    • Gosman

                      I remember opposition to the Reserve Bank Act back in the 1980’s and early 1990’s from the same sort of groups that want it changed now for the same sorts of reasons. Their logic was faulty back then just as it is now.

                      I had a argument with the former chief economist of BERL (Kel Sanderson) who tried to argue that NZ had a imported inflation rate of 4% so to try and reach a target of 2% meant that we would be shrinking the economy by 2% a year. Funnily enough BERL’s chief economist is still living in cloud cookoo land.

                    • Enough is Enough

                      Small steps now Gosman

                      It is clear to blind freddy that the economy is having a bit of tantrum at the moment and not really providing for most Kiwi’s.

                      You are standing there with fingers in your ears saying there is nothing that can be done. The Reserve Bank Act will fix it all. It is sacred and cannot be touched.

                      Why can’t it be touched?

                      What if things get worse?

                      At what point will you say, ok we better look at how we can deal with TODAY’s problems.

                      Stop fucking worrrying looking at the 80’s and explain why this Act is not fixing the problems exporters are facing?.

                    • Gosman

                      I never stated it couldn’t be touched. I’m stating if you change the focus you are dreaming to think you can achieve multiple, (and possibly contradictory), targets like you hope.

                      If you are comfortable with a higher rate of inflation then be truthful and just come out and state it. Nothing wrong with a bit of inflation, at least in the short term. Of course it tends to hurt the poor in the long term but, heck, by the time that happens the Government will have changed and they don’t have to worry about it anymore.

                    • Dv

                      What about Singapore?
                      It uses a mix doesn’t it?

                    • Gosman

                      The Singapore Central Bank is quite different to other models around the world. It’s primary focus is the managing of the money supply via the foreign exchange mechanism not interest rates. I suspect it can do this due to a huge amounts of reserves of currency it holds. NZ does not have this luxury.

                    • Colonial Viper

                      Apparently fucking Gosman is a fucking economic genius. In his own neoliberal theoretical fantasy world that is.

                      The ergodic principle doesn’t hold mate, which means you’re wasting your time.

                      I suspect it can do this due to a huge amounts of reserves of currency it holds. NZ does not have this luxury.

                      And why don’t we? Because we have been following Right Wing bullshit for 3 decades now.

  3. captain hook 3

    Of course the original rb act was wrong.
    roger douglas was wrong.
    and gosman you are just plain wrongheaded.

  4. captain hook 4

    the strange thing is that all these tory party toadies can argue and quibble all day about irrelevancies from the past but they cannot provide jobs in the right here and now.
    thy are supposed to be the party of business but they never create employment.
    are they all liars?

  5. TV3 headline ‘Exodus under national reaches 170.000′
    Nearly 54.000 people left for Aussie in the year to september.
    Wasn’t 170.000 the figure given for national’s ‘job creation ?
    Our unemployment stats would have been off the measure
    had these people stayed,as it is the figure is going to reach
    7% in 6months.
    There is a crisis everywhere you turn in nz.

  6. Draco T Bastard 6

    And in all of the commentary no one seems to have remembered that John Key did, as a matter of fact, say that he wanted wages to drop.

    • Gosman 6.1

      Just like The Greens, NZ First, and presumably Labour then.

      We might have a bi-partisan policy after all.

      • Colonial Viper 6.1.1

        You should give John Key some credit for once.

      • Draco T Bastard 6.1.2

        John Key said he wanted wages to drop while the exchange rate was climbing and the economy was booming.

        • Gosman 6.1.2.1

          So dropping wages is okay if the economy is not booming?

          • Galeandra 6.1.2.1.1

            Gosling, ask yourself why you get to ask all the questions and demand that everybody else does the fact-finding.
            The inflexible orthodoxy of your views is exactly modelled on the sort of comments made by Nat MPs on the graveyard shift, ie in the house just before tea- at- the- pub time, when there is such a vast acreage of empty seats on the whiz-bang-very-blue- super- economic managers side of the house. One hopes you can at least speak a little better than those unfortunates amongst their collection of provincial pig farmers and soap wholesalers.

          • captain hook 6.1.2.1.2

            whats your opinion?
            why dont you speak for yourself?

          • Draco T Bastard 6.1.2.1.3

            Thing is, John Key wants wages to drop – period. Labour, the Greens and pretty much everyone else on the left want wages to increase and they see one way of doing this through increasing demand for NZ goods by lowering the exchange rate. Yes, it comes with an instant effective decrease in wages but, over time, that will be reversed by the increase in demand.

            NACT seem to be upset by lowering the exchange rate as the price of BMWs will go up. They really aren’t concerned with what happens to the people who can’t afford BMWs if the exchange rate doesn’t drop (ie, wages will continue to fall, poverty will increase and crime and other negative statistics will increase with it) because they think that their profits will be going up at the same time due to declining wages.

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    Labour | 04-09
  • Labour commits to stable funding for voluntary sector
    A Labour Government will establish long-term funding and streamline contract accountability for community and voluntary groups, says Labour’s spokesperson for the sector Louisa Wall. Announcing Labour’s policy for the community and voluntary sector, she said this would give much greater...
    Labour | 04-09
  • Better trained and skilled workforce under Labour
    Labour is committed to a skilled workforce that benefits businesses as well as their workers, and will increase workplace training to improve productivity and drive innovation, Labour Leader David Cunliffe says. “Labour believes the Government should support New Zealanders into...
    Labour | 03-09
  • Labour will make renting a better option
    Labour will provide greater security of tenure for renters, and build more state and social housing, says Labour’s housing spokesperson Phil Twyford. “Labour believes every kid deserves a decent start in life. That means a warm, dry and secure home....
    Labour | 03-09
  • At least 15 new taxes under National
    John Key is the last person to talk about creating taxes, presiding over a Government that has imposed at least 15 new taxes, Labour Leader David Cunliffe says. “John Key tried a novel line in the debate last night claiming...
    Labour | 03-09
  • Labour will strengthen New Zealand’s democracy
    A Labour Government will act quickly to protect and enhance New Zealand’s reputation as one of the most open and least corrupt countries in the world, Labour Leader David Cunliffe says. “The health of any democracy is improved by greater...
    Labour | 02-09
  • MANA Movement says tax cut on GST must be first priority – Minto
    “If Prime Minister John Key has money available for tax cuts then cutting GST must be the first priority”,  said MANA Movement Economic Justice Spokesperson John Minto. GST is a nasty tax on low-income families”, said Minto. “People in the...
    Mana | 02-09
  • The Maori Party’s Mana-Enhancing Relationship with National – Minto
    “First we had Cameron Slater and David Farrar backing Labour’s Kelvin Davis bid to unseat MANA Movement Leader and MP for Te Tai Tokerau Hone Harawira.  Now we have Slater writing a pro-Te Ururoa Flavell article on his website, Whale...
    Mana | 02-09
  • There’s Only One Poll That Counts
    “One of the oldest sayings in politics is that there is only one poll that counts – the one on Election Day – and that’s the one that I am focusing on” remarked the MANA Movement candidate for Waiariki, Annette...
    Mana | 02-09
  • Local communities critical to Civil Defence
    Labour will focus on empowering New Zealand communities to be resilient in Civil Defence disasters, says Labour’s Civil Defence spokesperson Clare Curran. Announcing Labour’s Civil Defence policy, she says that Labour will work with schools, voluntary agencies and community groups...
    Labour | 02-09
  • Labour looks to long-life passports, gambling harm review
    A return to 10 year passports and a review of gambling laws are highlights of Labour’s Internal Affairs policy released today. “More than 15,000 New Zealanders signed a petition calling on the Government to revert to the 10 year system...
    Labour | 02-09
  • MANA Movement Leadership stands strong behind Internet MANA relationship
    “There is now, and always will be, a range of views about many issues within our movement and members are free to express them, but Georgina’s views on Kim Dotcom are not shared by the MANA Movement leadership or the vast majority...
    Mana | 01-09
  • Rebuilding the New Zealand Defence Force
    A Labour Government will make it a priority to rebuild the capacity of the Defence Force to carry out the tasks expected of it, says Labour’s Defence Spokesperson Phil Goff. Releasing Labour’s Defence Policy today he said the NZDF has...
    Labour | 01-09
  • Speech to Canterbury Chamber of Commerce
    Today I'm going to talk about our policy package to upgrade and grow our economy and how we turn that growth into a foundation for a decent and fair society. But first I want to address the issue of our...
    Labour | 01-09
  • As if you needed another reason to boycott Telecom/Spark – they sold NZ d...
    It should read ‘never stop spying’. As if you needed another reason to boycott Telecom/Spark – they sold us down the river to the US by allowing the Southern Cross cable to be tapped… The ability for US intelligence agencies...
    The Daily Blog | 18-09
  • The NZ First-Labour Party attack strategy against Internet MANA better work
    The final days of the campaign are ticking down and Labour and NZ First are manoeuvring to kill off the Internet MANA Party by both backing Kelvin Davis for Te Tai Tokerau. It’s a risky gambit that they better pray to Christ...
    The Daily Blog | 18-09
  • Bill English’s latest insult to beneficiaries – apparently they are lik...
    National’s hatred towards the poor continues unabated as National desperately try to throw raw meat to their reactionary voter base in the hope to inspire enough hate and loathing to win back their redneck voters from the Conservative Party and from...
    The Daily Blog | 18-09
  • Eminem ain’t happy with John Key
    Eminem ain’t happy with John Key...
    The Daily Blog | 18-09
  • Key claims he did not inhale
    Key claims he did not inhale...
    The Daily Blog | 18-09
  • Final prediction on election result 2014
    What an election campaign. The character assassination of David Cunliffe kicked things off with the Herald on Sunday falsely claiming $100 00 bottles of wine, $15 000 books and $150 000 in donations  from a donor that turned out to be...
    The Daily Blog | 18-09
  • Live blog: Bainamarama takes commanding lead in Fiji elections
      Interview with Repúblika editor Ricardo Morris and Pacific Scoop’s Mads Anneberg. PACIFIC SCOOP TEAM By Ricardo Morris, Mads Anneberg, Alistar Kata and Biutoka Kacimaiwai in Suva WHILE the results are provisional at this stage, it is clear today that...
    The Daily Blog | 17-09
  • 5AA Australia: NZ Elections Two Days To Go! + Edward Snowden + Julian Assan...
    Recorded live on 18/09/14 – Captured Live on Ustream at http://www.ustream.tv/channel/multimedia-investments-ltd 5AA Australia’s Peter Godfrey and Selwyn Manning deliver their weekly bulletin: Across The Ditch. This week, they discuss the latest news as New Zealanders go to the polls on...
    The Daily Blog | 17-09
  • What has Colin Craig done for his Press Secretary to quit 2 days before ele...
    This is VERY strange.  Colin Craig’s Press Secretary Rachel McGregor, has quit 2 days before the election, allegedly telling ZB that Colin Craig was a “very manipulative man”. I’ve met Rachel many times in the past as Colin’s Press Secretary, she is...
    The Daily Blog | 17-09
  • “If you want steak, go to the supermarket and buy steak,” – A brief w...
    “If you want steak, go to the supermarket and buy steak,” said Key in the final leaders debate. Problem of course is that the 250 000 – 285 000 children living in poverty can not afford steak, milk, butter, eggs...
    The Daily Blog | 17-09
  • National’s final bash of beneficiaries before the election
    On cue, whenever National feel threatened, they roll out a little bennie bash just to keep their redneck voter base happy. Nothing like a bit of raw meat policy to keep National voters focused on the evil threat solo parents...
    The Daily Blog | 17-09
  • With All Of This In Mind, I Vote
    This is my last blog before the election and I really just want to speak from the heart. Right now in this country it seems to me that a lot of people consider the “essentials” in life to be simply...
    The Daily Blog | 17-09
  • Left has to vote strategically this election
    The dedication, loyalty, and tribalism of party politics means that sometimes the left lets itself down by not voting strategically. We all want our favoured party to get maximum votes, naturally, but the winner-takes-all approach doesn’t always suit multi-party left...
    The Daily Blog | 17-09
  • Dear NZ – as you enter the polling booth, stand up for your rights
    The last days before a NZ general election are a busy time as politicians make their pitch and party activists prepare to get out the vote. It is sort of weird watching from the distance of Europe the strangest election...
    The Daily Blog | 17-09
  • What is Waihopai, John, if it isn’t a facility for “mass surveillance...
    John Key assured us on RNZ’s Nine to Noon programme yesterday that “In terms of the Fives Eyes data bases… yes New Zealand will contribute some information but not mass wholesale surveillance.” How does this square with the operation of the...
    The Daily Blog | 17-09
  • GUEST BLOG: Catherine Delahunty – Mass Surveillance and the Banality of E...
    Renowned journalist and intellectual Hannah Arendt coined the phrase “the banality of evil” to describe the normalisation of genocide in Nazi Germany. I thought of her phrase when I was listening to Glenn Greenwald and other international whistle-blowers talking about...
    The Daily Blog | 17-09
  • Election. Down. To. The. Wire
    Funny how last week it was John Key winning by 50%, now it’s neck and neck. I have always believed this election would be down to the wire and it is proving so. The flawed landline opinion polls the mainstream...
    The Daily Blog | 17-09
  • 3rd Degree uses Whaleoil for story ideas as if Dirty Politics never happene...
    TV3s 3rd Degrees smear job on Kim Dotcom last night doesn’t bear much repeating. It was pretty pathetic journalism from a team who have brought us some great journalism in the past. It is sad to see 3rd Degree stooping...
    The Daily Blog | 17-09
  • Live blog: Bainimarama takes early lead in Fiji’s election
    Pacific Scoop’s Alistar Kata reports from yesterday’s voting. By Alistar Kata of Pacific Scoop in Suva Prime Minister Voreqe Bainimarama took an early lead in provisional results in the Fiji general election last night. With provisional results from 170 out...
    The Daily Blog | 17-09
  • Has The NSA Constructed The Perfect PPP?
    Former intelligence analyst and whistleblower, Edward Snowden – speaking live to those gathered at the Auckland Town Hall on Monday September 17, 2014. Investigation by Selwyn Manning. THE PRIME MINISTER JOHN KEY’s admission on Wednesday that whistleblower Edward Snowden “may...
    The Daily Blog | 17-09
  • No way – Key admits Snowden is right
    After claiming there was no middle ground. After claiming there was no mass surveillance. After calling Glenn Greenwald a henchman and a loser. After all the mainstream media pundits screamed at Kim’s decision to take his evidence to Parliamentary Privileges...
    The Daily Blog | 17-09
  • Bad luck National
    ...
    The Daily Blog | 16-09
  • The incredible changing John Key story on mass spying – why the Moment of...
    While the mainstream media continue to try and make the Moment of Truth about Kim’s last minute decision to prolong his battle against John Key past the election into the Privileges Committee, the reality is that the Moment of Truth...
    The Daily Blog | 16-09
  • GUEST BLOG: Curwen Rolinson – Themes of the Campaign
    There’s one area of a political campaign that just about everyone, at some point, falls afoul of. The campaign song. I’m not sure quite why it is, but it seems to be almost impossible for political parties to come up...
    The Daily Blog | 16-09
  • GUEST BLOG – Denis Tegg – The NSA slides that prove mass surveillance
    The evidence presented by Glenn Greenwald and Edward Snowden on The Intercept of mass surveillance of New Zealanders by the GCSB is undeniable, and can stand on its own. But when you place this fresh evidence in the context of...
    The Daily Blog | 16-09
  • Ukraine, United Kingdom, Ireland, Scotland
    The Ukrainian civil war discomforts me. It seems to me the most dangerous political crisis since the Cuban missile crisis of 1962. And it’s because of our unwillingness to examine the issues in a holistic way. We innately prefer to...
    The Daily Blog | 16-09
  • John Key’s love affair with a straw man – the relationship intensifies
    John Key’s love affair with the straw man is now a fully-committed relationship. It’s now the first love of his life. Sorry Bronagh. Yesterday I pointed to Key’s constant assurances that there is no mass surveillance of New Zealanders by...
    The Daily Blog | 16-09
  • A brief word on why Wendyl Nissen is a hero
    Wendyl Nissen is a hero. The sleazy black ops attack on her by Slater and Odgers on behalf of Grocery Council chief executive Katherine Rich is sick. All Nissen is doing in her column is point out the filth and...
    The Daily Blog | 16-09
  • She saw John Key on TV and decided to vote!
    . . NZ, Wellington, 15 September – ‘Tina’* is 50, a close friend,  and one of the “Missing Million” from the last election. In fact, ‘Tina’ has never voted in her life.  Not once. In ‘Tina’s’ own words, politics has...
    The Daily Blog | 16-09
  • Eminem sues National Party for unlawful use of ‘Lose yourself’ bhahahah...
    …ahahahahahahahaha. Oh Christ this is hilarious… National Party sued over Eminem copyright infringment US rapper Eminem is suing the National Party for allegedly breaching copyright by using his song Lose Yourself in its campaign advertisements. The Detroit-based publishers of Eminem’s...
    The Daily Blog | 16-09
  • Are the Greens about to be snookered by a Labour-NZ First Government?
    I wrote last week that it was smart politics that the Greens pointed out they could work with National, the soft blue vote that’s looking for a home in the wake of Dirty Politics isn’t going to Labour, so the...
    The Daily Blog | 16-09
  • BLOGWATCH: Fonterra join 2Degrees and boycott Whaleoil
    In the wake of Dirty Politics, advertisers are pulling their advertising out of Whaleoil. PaknSave, Evo Cycles Pukekohe, Localist, 2 Degrees, Fertility Associates, iSentia, NZ Breast Cancer Foundation, Maori TV, Bookme.co.nz, Dobetter.co.nz and the Sound are now joined by Fonterra...
    The Daily Blog | 16-09
  • PM Key accused of allowing secret ‘spook’ cable sensors to spy on citiz...
    Pulitzer prize-winning journalist Glenn Greenwald (left) and Kim Dotcom at the “moment of truth” political surveillance meeting in Auckland last night. Image: PMW By ANNA MAJAVU of Pacific Media Watch NEW ZEALAND Prime Minister John Key has been accused of...
    The Daily Blog | 15-09
  • Fiji pre-election ‘politics’ blackout stirs media protests, frustration
    BLACKOUT DAY – Monday, day one of the “silence window” in Fiji leading up to the close of polling in the general election at 6pm on Wednesday. And this is under the draconian threat of a $10,000 fine or five...
    The Daily Blog | 15-09
  • “Now the work of movements begins”: government corruption, media bias, ...
    I am so tired of the dirty politics of the National government, aren’t you? I am tired of John Key and his pathetic attacks on award-winning journalists who have spent their careers fighting and digging for truth and good. The...
    The Daily Blog | 15-09
  • Moment of Truth review, smoking guns and the awful coverage by the NZ msm
      There were queues unlike any the Town Hall has seen, 1000 were turned away once it became full…     …full to the rafters. The energy and atmosphere within the room was extraordinary, and it begun…   …Glenn Greenwald...
    The Daily Blog | 15-09
  • Why Maori TV’s Te Tai Tokeraou Poll will be proved wrong
    If Hone Harawira had a dollar every time the media wrote off his chance of winning Te Tai Tokeraou, he would have more money than Kim Dotcom. Remember the by-election? Hone was 1 point ahead of Kelvin in an exact...
    The Daily Blog | 15-09
  • September 15 RNZ interviews – and then the Moment of Truth
    . Acknowledgement: Emmerson . 15 September – Leading up to the Moment of Truth public meeting this evening, these Radio NZ interviews are worth listening to; . Alt link . Alt link . Alt link . Alt link . Alt...
    The Daily Blog | 15-09
  • Live Stream: Moment of Truth Tonight 7pm
    Live Video Stream by eCast: The Daily Blog will Live Stream the Moment of Trust public meeting from 7pm. The meeting will feature Glenn Greenwald, Kim Dotcom, Robert Amsterdam, and a very special guest…...
    The Daily Blog | 15-09
  • The proof Key lied about GCSB mass surveillance
    And we start getting to the evidence that proves Key has lied about mass surveillance. The article by Glenn Greenwald is out and it is beyond damning… Documents provided by NSA whistleblower Edward Snowden show that the government worked in...
    The Daily Blog | 15-09
  • A brief word on the Ede-Slater emails
    Every day I have rushed to read the paper to see if a breaking story on the Ede-Slater emails had broken yet. They haven’t. Day after day, where are these emails? We know Rawshark sent the emails to David Fisher...
    The Daily Blog | 15-09
  • The email that proves Key is a liar
    This is the Email proving Key knew about Kim Dotcom before he claims he did… “We had a really good meeting with the Prime Minister. He’s a fan and we’re getting what we came for. Your groundwork in New Zealand...
    The Daily Blog | 15-09
  • Henchmen
    Henchmen...
    The Daily Blog | 14-09
  • Why it simply isn’t credible that Key stepped in and shut down the mass s...
    Key’s staggering admission that yes there was a year long business model by the GCSB to mass spy on all of NZ but  that he stepped in and shut it down after Cabinet had signed it off just sounds like make...
    The Daily Blog | 14-09
  • John Key’s love affair with a straw man
    Politicians like putting up straw men for the purpose of self-righteously knocking them over. Prime Minister John Key has a particular straw man he loves to punch over. He raises it whenever he’s asked about mass surveillance of New Zealanders...
    The Daily Blog | 14-09
  • John Armstrong turns on Glenn Greenwald
    Where does a mediocre journalist like John Armstrong get off attacking a journalist with the credibility of Glenn Greenwald as he has in his ridiculous column today? Armstrong has the audacity to try and play the terrorism card to justify why...
    The Daily Blog | 14-09
  • GUEST BLOG: Denis Tegg – Which of John Key’s many statements on the GC...
    We already have Glenn Greenwald’s assertion on The Nation that John Key has misled New Zealanders as to whether the GCSB has engaged in mass surveillance of Kiwis. But Key has made many other statements about the GCSB’s powers and...
    The Daily Blog | 14-09
  • Election 2014: Numbers and Faces
    Democratic politics is a game of numbers and faces. How can we translate the numbers into the 120 or more faces that will be in the next Parliament? Below is my prediction of a likely result: 120 people, divided by...
    The Daily Blog | 14-09
  • Scotland the brave
    The possibility that Scotland will vote for independence this Thursday has panicked the British establishment. An unholy alliance of Tory, Labour, Liberal and corporate leaders has resorted to fear-mongering and bullying on grand scale in a last ditch effort to...
    The Daily Blog | 14-09
  • Why Key’s denials sound so off and why Dotcom’s fight is all our fight
    The shrillness of Key is the issue. His denials just too forced and rehearsed. Key has gone from Hollow Man to Shallow Man with his lashing out at Pulitzer Price winning Journalist Glenn Greenwald by calling him a ‘henchman’. This...
    The Daily Blog | 14-09
  • Live Election Night Coverage on TV And Online
    Māori Television’s KOWHIRI 2014 – ELECTION SPECIAL kicks off at 7.00pm this Saturday with a five-hour broadcast focusing on the Māori electorates....
    Scoop politics | 18-09
  • Judge’s Decision Disappoints Fish & Game
    Today’s decision to give a Temuka man 100 hours of community service for selling sports fish to the public has disappointed Fish & Game, which believes the sentence handed down was “too lenient and will not go far enough to...
    Scoop politics | 18-09
  • Cutting-Edge Graphics Fire up TV3’s Election Night Coverage
    TV3’s Election Night coverage, hosted by John Campbell, will be enhanced by cutting-edge graphics that will showcase the night’s results....
    Scoop politics | 18-09
  • Govt rushes to open charter schools in New Year
    The government’s decision to approve four new charter schools last week to open in January next year goes against the Minister of Education’s own advice that the schools ought to have at least a year’s preparation time....
    Scoop politics | 18-09
  • 7 Days And Jono And Ben at Ten Hijack Election Weekend
    The 7 Days and Jono and Ben at Ten (JABAT) comedians are running their own version of election coverage, with a schedule of entertainment and comedy across TV3, Kiwi FM, the web and social media this Friday and Saturday under...
    Scoop politics | 18-09
  • Fewer Prisoners Equals Less Crime
    In its latest blog, ‘Abolishing Parole and other Crazy Stuff’,’ at http://blog.rethinking.org.nz/2014/09/krill-and-womble-independent-policy.html , Rethinking Crime and Punishment urges government to rethink its approach to releasing prisoners. “The public expectation is that the excellent reductions in the crime...
    Scoop politics | 18-09
  • McVicar slams his political opponents
    I want a safe and prosperous society and that can only be achieved if we have strong and vi-brant families – McVicar...
    Scoop politics | 18-09
  • Falling economic growth – wage rises overdue
    “The lower GDP growth in the three months to June is further evidence that growth has peaked. New Zealand’s economy is on the way down to mediocre growth rates,” says CTU economist Bill Rosenberg. “Yet wage rises are still weak...
    Scoop politics | 18-09
  • Get Out and Vote campaign a success
    Tens of thousands of workers from all around New Zealand have embraced the Get Out and Vote campaign and have created their own personalised voting plan, the CTU said today. “With three days of voting left in the 2014 General...
    Scoop politics | 18-09
  • Animal Research Failing – So Do More Animal Research?
    Victoria University of Wellington is about to host a lecture on why the success rates of pharmaceutical development is so low and what can be done about it. The New Zealand Anti-Vivisection Society (NZAVS) welcomes discussion on this important...
    Scoop politics | 18-09
  • ALCP welcomes Prime Minister’s cannabis comments
    Mr Abbott's comments came on the same day as New South Wales and Victoria states announced they would be doing clinical trials of cannabis....
    Scoop politics | 18-09
  • Conservative Party Press Secretary Resignation
    The Conservative Party is given to understand that this morning Press Secretary, Miss Rachel Macgregor resigned althought no formal advice of this has yet been received....
    Scoop politics | 18-09
  • By ACT’s logic, Epsom should vote for Conservative Candidate
    “Polling released late in the campaign shows that ACT is a busted flush and that by ACT’s own logic, centre-right Epsom voters should vote for the Conservative candidate”, says Labour candidate for Epsom Michael Wood....
    Scoop politics | 17-09
  • New online medical system
    Immigration New Zealand (INZ) is seeking registrations of interest for a new onshore panel physician network to support an online immigration health processing system....
    Scoop politics | 17-09
  • Students, You Have a Choice, Vote!
    The New Zealand Union of Students’ Associations (NZUSA) is imploring students to ensure they make their voices heard this election, and join the many thousands who have already heeded the call....
    Scoop politics | 17-09
  • Party vote ACT for three years of stability.
    Voters who are concerned that on the latest polls we may be heading for three years of instability have it in their hands to deliver a decisive result....
    Scoop politics | 17-09
  • Women’s Suffrage Movement – Get Out and Vote!
    Tomorrow, Friday 19th September, MANA Movement Candidate for Waiariki, Annette Sykes, will cast her vote at 12 noon at the Zen’s Building, Rotorua. This will follow a march through Rotorua that will assemble at 10am at City Focus, Rotorua. The...
    Scoop politics | 17-09
  • iPredict Daily Update
    David Cunliffe and Labour have made gains over the last 24 hours, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict, but John Key’s National is still strongly expected to lead the next...
    Scoop politics | 17-09
  • Conservative’s Proposal to Abolish Parole Fatally Flawed
    The Conservative Party’s proposal to abolish parole doesn't stack up, however which way you look at it, concludes Kim Workman in Rethinking Crime and Punishment latest blog, ‘Abolishing Parole and Other Crazy Stuff’ at http://blog.rethinking.org.nz/2014/09/krill-and-womble-independent-policy.html...
    Scoop politics | 17-09
  • Special Edition : The letter 18 September 2014
    Dr Jamie Whyte has been giving thoughtful speeches largely unreported. So we thought we would put out an edited version on the speech he gave yesterday. The full speech is on the website....
    Scoop politics | 17-09
  • Differences in educational level reflected in voter choice
    Differences in educational level reflected in voter preferences The Green party has the highest proportion of tertiary educated supporters and NZ First has the least according to an analysis by the Election Data Consortium. The Consortium is made...
    Scoop politics | 17-09
  • Renters need assistance to improve poor housing conditions
    Thursday 18 September 2014 Renters are living in poorer conditions than homeowners and are less empowered to improve their housing situation according to a study by medical students at the University of Otago, Wellington. The fourth year medical...
    Scoop politics | 17-09
  • Pacific Island Affairs & NZ Police to work more closely
    The Ministry of Pacific Island Affairs Chief Executive, Pauline Winter, and The Commissioner of Police, Mike Bush, are this afternoon signing a Memorandum of Understanding (MoU) between the Ministry and the New Zealand Police....
    Scoop politics | 17-09
  • Te Hira Paenga sets the record straight
    In recent days there has been much speculation about my campaign in Te Tai Tokerau. Some commentators have suggested that I should step down or endorse the Labour candidate in an attempt to stop the Internet Party riding on the...
    Scoop politics | 17-09
  • Last Chance to Enrol to Vote – Don’t Miss Out
    Last Chance to Enrol to Vote – Don’t Miss Out If you’re not enrolled now, you need to hurry or you won’t be able to vote in this Saturday’s general election. “Election day is almost here, and it’s your last...
    Scoop politics | 17-09
  • Stuart Nash voted against wishes of Napier Electorate
    Napier Conservative Party Candidate Garth McVicar says the recent decision by the Advertising Standards Authority in reply to a complaint laid by Stuart Nash’s campaign manager confirms that Nash voted against the wishes of the Napier electorate. Robert...
    Scoop politics | 17-09
  • What price life asks Conservative Party
    The Conservative Party are asking what is the price of life if the killer of a defenceless homeless man who was viciously beaten and left to die was jailed for just 11 and a half years....
    Scoop politics | 17-09
  • National Stands To Lose Votes If Animal Welfare Is Ignored
    SAFE has presented Prime Minister John key with a 40,000 signature-strong petition calling for a farrowing crate ban....
    Scoop politics | 17-09
  • Statement From Kim Dotcom
    Tonight Third Degree broadcast issues raised by three former staff members who are in dispute with us....
    Scoop politics | 17-09
  • Three Internet-Mana Policies Blow the Bribe-O-Meter to Bits
    The Taxpayers’ Union has received advice that the cost of just three Internet-Mana policies is $17.6 billion - higher than the entire policy packages of the three main political parties combined. Taxpayers’ Union Executive Director Jordan Williams...
    Scoop politics | 17-09
  • Pregnancy Help Welcomes Green Party Packs for Newborn Babies
    Pregnancy Help applauds Metiria Turei acknowledging that “for many parents the birth of a new child is a highly stressful and financially straining time” and the desire for every child to thrive....
    Scoop politics | 17-09
  • McVicar Welcomes ASA Decision
    Napier Conservative Party Candidate Garth McVicar welcomes the Advertising Standards Authority’s decision to not uphold the pamphlet complaint of Robert Johnson, Campaign Manager for Napier Labour candidate Stuart Nash. The ASA acknowledged that one complaint...
    Scoop politics | 17-09
  • Whyte: In 12 months’ time, here is what will matter
    In three days’ time I will be elected along with a number of ACT MPs. I think the media will be surprised and ask how it happened?...
    Scoop politics | 17-09
  • Internet MANA Will Grant Special Residency to Edward Snowden
    Internet MANA will put the case to the new government to welcome global surveillance whistle blower Edward Snowden, granting him safe passage and residency in New Zealand....
    Scoop politics | 17-09
  • Ten millionth traveller uses SmartGate
    The 10 millionth traveller to pass through SmartGate, Customs’ automated passenger processing system, was greeted by Customs Manager Passenger Operations, Peter Lewis today at Auckland International Airport....
    Scoop politics | 17-09
  • Key vs. Cunliffe: Final Live NZ Election Reactor 7pm Tonight
    John Key and David Cunliffe go head to head for the last time tonight and you can decide who wins by driving the worm. This is the last live Election Reactor covering the debate tonight at 7pm on TV One....
    Scoop politics | 17-09
  • Offenders Get Road Safety Message
    Wellington Community Corrections partnered with emergency services, government agencies, organisations and Kapiti Coast District Council to deliver an innovative road safety programme to 70 community-based offenders at Southwards Car Museum on Tuesday 16...
    Scoop politics | 17-09
  • Proposed law to decriminalise Abortion
    http://images.tvnz.co.nz/tvnz_images/news2011/politics_news/12/q_a_interview__list_mp_jan_logie_n2.jpgRight to Life is disappointed that the Green Party is refusing to provide a response to the seven very important questions that have been addressed to Jan Logie, spokesperson...
    Scoop politics | 17-09
  • Election 2014 Will Be Costly
    The Taxpayers’ Union has today released the final update for its ' Bribe-O-Meter ' election costing website in the lead-up to Saturday’s general election. Taxpayers’ Union Executive Director Jordan Williams says:...
    Scoop politics | 17-09
  • Roy Morgan Poll September 17
    John Key set to win narrow election victory on Saturday as Labour/Greens slump puts Winston Peters in powerful position as NZ First surge to 8% Today’s New Zealand Roy Morgan Poll shows National (46.5%, up 1.5%) set to win a...
    Scoop politics | 17-09
  • Wahakura Package would provide warm welcome for babies
    The Greens Wahakura Welcome package announced yesterday is a wonderful example of child-centred policy which would help all children get a fair and equal start in life, says Child Poverty Action Group. CPAG health spokesperson Innes Asher says,...
    Scoop politics | 17-09
  • TPPA a Sellout to American Corporate Greed
    New Zealand will become a permanent prisoner to the United States’ greed and global arrogance if the Trans-Pacific Partnership Agreement (TPPA) isn’t stopped, warns Internet MANA....
    Scoop politics | 17-09
  • Wintry showers and blustery winds for Election Day
    As we head towards the weekend, it is time to look at what the weather will be for New Zealand's "Have Your Say" Day....
    Scoop politics | 17-09
  • New national secretary announced
    The PSA is pleased to announce the appointment of Erin Polaczuk to the role of national secretary....
    Scoop politics | 17-09
  • Public Secotr & TISA: On the cusp of something very special?
    Is the National Party keeping some things out of sight in case they frighten the electorate? Here is some worrying evidence that this may be the case....
    Scoop politics | 17-09
  • MPI ups yacht biosecurity ante
    Yachts arriving in Northland from overseas this season will face greater biosecurity scrutiny, says the Ministry for Primary Industries (MPI)....
    Scoop politics | 17-09
  • iPredict Election Update
    John Key’s National Party now has an 88% probability of leading the next government , most probably with the support of NZ First, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict. There...
    Scoop politics | 17-09
  • Crowdfunding to Save Native Fish
    NZ Landcare Trust is offering an exciting project designed to assist native fish, as part of the launch of a new global crowdfunding category called 'The Landcare & Environment Collection.' This exciting step, aims to help raise funds and support,...
    Scoop politics | 17-09
  • New methods needed to reach non-voters
    Non-voters are much heavier users of the internet than those who do vote, while 43 per cent of non-voters say they never read a newspaper according to research released today by the Election Data Consortium....
    Scoop politics | 16-09
  • Parties sent home with report cards
    More than 2000 New Zealanders came together to run a full page ad in the Herald today asking all Parties what they will commit to do to clean up politics. The answers are in, and ActionStation has graded Parties on...
    Scoop politics | 16-09
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