Elizabeth Warren and Accountable Capitalism
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8:30 am, August 21st, 2018 - 22 comments
Categories: Abuse of power, accountability, business, capitalism, International, us politics -
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U.S. Senator Elizabeth Warren has put a number of bills up that have so little chance of happening they are better viewed as policy think-pieces. Shifting corporate governance in the United States will remain really, really hard while corporations have the Supreme Court right to fund political parties.
Reversing Citizens United would now need four members of the Supreme Court to change and favour reversing that decision.
To give an idea of how this corporate funding helps tilt things, the Democratic Party recently reversed a policy decision on funders, and now takes money from oil companies again.
The Senator discusses her proposal in a firewalled Wall Street Journal from August the 14th from which I’ve provided a couple of quotes.
But having noted the high unlikelihood of Senator Warren’s bill becoming policy, here’s what she is proposing, with the bill text here:
The Accountable Capitalism Act proposes to hold U.S. corporations accountable for its responsibilities to its employees, and to end practices that exclusively make the richest Americans even richer.
Each company would require a Federal corporate charter. This charter would require corporations to consider its workers and community in company decisions. The Act would allow shareholders to sue if they conclude corporate directors have not fulfilled their obligations to all stakeholders including its employees.
How will this charter do that?
- Employees of corporations would elect at least 40% of a corporation’s board members.
- Corporate executives would be focussed on compensation from shareholder returns, by prohibiting them from selling company shares themselves within five years of receiving them or within three years of a company share buyback.
- Corporations would have to receive the approval of 75% of their shareholders if they were going to spend money on a political party.
- Company directors would be explicitly instructed to consider the interests of all relevant stakeholders – shareholders, but also customers, employees, and the communities in which the company operates – when making decisions.
- Federal government could revoke a charter of a corporation if it is found to have a “history of egregious and related illegal conduct and has failed to take meaningful steps to address its problems.”
What Senator Warren is trying to get to is both to help slow down the share-price driven nature of business decision-making, and to extract corporations away from interfering in democracy as much. She also wants work to be better for workers: “Because the wealthiest 10 per cent of US households own 84 per cent of American-held shares, the obsession with maximising shareholder returns effectively means America’s biggest companies have dedicated themselves to making the rich even richer.”
In the very, very few strong economies in the world that have strong unions that still have worker influence in corporation decisions in the way Senator Warren intends, Germany stands out.
But most Americans have a hard time making sense of this German system of corporate governance. Germany has a fraction of the resources of the United States, and has less than one third of the population. Labour costs are higher, paid vacations are at least three times as long, and strong unions are deeply involved at all levels of the business from the local plant to the corporate boardroom. Yet German companies manage to produce internationally competitive and high quality products in key manufacturing sectors. There is a financial system with the patience to ensure that companies have the opportunity to focus on long-term strategic goals.
Of course, an arm of the United States would have to regulate and enforce all of this German-type of corporate governance, which would not be pretty.
So let’s push the boat out and say this became law.
There would be a massive crisis within business in the United States such that we haven’t seen for a wee bit.
Say, through the smoke and the mirrors of this crisis, an entire social contract were drawn up between the larger forces of capitalism and the government.
That would take quite a bit of trust in the government that it knew business, and knew how society runs, to keep it all in balance. Real Crisis and Leviathan stuff.
The natural question, before we go all socialism on Directors’ asses, is along this kind of criticism:
Who is the President of these United States? Who is the majority leader in the Senate? Who is the speaker of the House? How would you evaluate the composition of the Supreme Court, either as it stands or after President Donald Trump has the opportunity to nominate another justice or two? The power you give the Federal government will be there during Republican administrations, too. Any future populist demagogue who finds his way into the White House will have access to the same power. No one should be trusted with that kind of power.”
That’s the argument against any kind of new regulation at all: you can’t trust the public realm. Fair point now, and reasonable with such a powerful and pervasive form of regulation. But many industries are already strongly regulated, for good reason, and the sky doesn’t fall in.
Who knows, maybe the Dems take the Senate, Congress, and White House, and take out 4 Supreme Court judges, and roll it out. I suspect that the political grief that would take, would also need a revolution in income tax to persuade Joe and Janet to vote Democrat as they ground their lives through Allentown.
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- Gaza: Aotearoa Must Support Independent Investigation into Mass GravesTe Pāti Māori are demanding the New Zealand Government support an international independent investigation into mass graves that have been uncovered at two hospitals on the Gaza strip, following weeks of assault by Israeli troops. Among the 392 bodies that have been recovered, are children and elderly civilians. Many of ...2 weeks ago
- Release: Working together on consistent support for veterans this Anzac DayOur two-tiered system for veterans’ support is out of step with our closest partners, and all parties in Parliament should work together to fix it, Labour veterans’ affairs spokesperson Greg O’Connor said. ...2 weeks ago
- Release: Penny drops – but what about Seymour and Peters?Stripping two Ministers of their portfolios just six months into the job shows Christopher Luxon’s management style is lacking, Labour Leader Chris Hipkins said. ...2 weeks ago
- Another ‘Stolen Generation’ enabled by court ruling on Waitangi Tribunal summonsTonight’s court decision to overturn the summons of the Children’s Minister has enabled the Crown to continue making decisions about Māori without evidence, says Te Pāti Māori spokesperson for Children, Mariameno Kapa-Kingi. “The judicial system has this evening told the nation that this government can do whatever they want when ...2 weeks ago
- Release: Budget blunder shows Nicola Willis could cut recovery fundingIt appears Nicola Willis is about to pull the rug out from under the feet of local communities still dealing with the aftermath of last year’s severe weather, and local councils relying on funding to build back from these disasters. ...2 weeks ago
- Further environmental mismanagement on the cardsThe Government’s resource management reforms will add to the heavy and ever-growing burden this Government is loading on to our environment. ...2 weeks ago
- Release: RMA changes will be a disaster for environmentThe Government is making short-sighted changes to the Resource Management Act (RMA) that will take away environmental protection in favour of short-term profits, Labour’s environment spokesperson Rachel Brooking said today. ...2 weeks ago
- Release: Labour supports urgent changes to emergency management systemLabour welcomes the release of the report into the North Island weather events and looks forward to working with the Government to ensure that New Zealand is as prepared as it can be for the next natural disaster. ...2 weeks ago
- Release: Labour calls for New Zealand to recognise PalestineThe Labour Party has called for the New Zealand Government to recognise Palestine, as a material step towards progressing the two-State solution needed to achieve a lasting peace in the region. ...2 weeks ago
- Release: Three strikes law political posturing of worst kindThe Government is bringing back a law that has little evidential backing just to look tough, Labour justice spokesperson Duncan Webb said. ...2 weeks ago
- Release: Government cuts unbelievably target child exploitation, violent extremism, ports and airpor...Some of our country’s most important work, stopping the sexual exploitation of children and violent extremism could go along with staff on the frontline at ports and airports. ...2 weeks ago
- Three strikes has failed before and will fail againResurrecting the archaic three-strikes legislation is an unwelcome return to a failed American-style approach to justice. ...2 weeks ago
- Release: Environmental protection vital, not ‘onerous’The Government’s Fast Track Approvals Bill will give projects such as new coal mines a ‘get out of jail free’ card to wreak havoc on the environment, Labour Leader Chris Hipkins said today. ...2 weeks ago
- Ferris – Three Strikes targets those ‘too brown to be white’The government's decision to reintroduce Three Strikes is a destructive and ineffective piece of law-making that will only exacerbate an inherently biased and racist criminal justice system, said Te Pāti Māori Justice Spokesperson, Tākuta Ferris, today. During the time Three Strikes was in place in Aotearoa, Māori and Pasifika received ...2 weeks ago
- Release: Govt cuts doctors and nurses in hiring freezeCuts to frontline hospital staff are not only a broken election promise, it shows the reckless tax cuts have well and truly hit the frontline of the health system, says Labour Health spokesperson Ayesha Verrall. ...3 weeks ago
- Fast-track submissions period must be extendedThe Green Party has joined the call for public submissions on the fast-track legislation to be extended after the Ombudsman forced the Government to release the list of organisations invited to apply just hours before submissions close. ...3 weeks ago
- Release: Progress on climate will be undone by GovtNew Zealand’s good work at reducing climate emissions for three years in a row will be undone by the National government’s lack of ambition and scrapping programmes that were making a difference, Labour Party climate spokesperson Megan Woods said today. ...3 weeks ago
- Ceasefire agreement needed now: Peters
New Zealand is urging both Israel and Hamas to agree to an immediate ceasefire to avoid the further humanitarian catastrophe that military action in Rafah would unleash, Foreign Minister Winston Peters says. “The immense suffering in Gaza cannot be allowed to worsen further. Both sides have a responsibility to ...4 hours ago - Daily school attendance data now availableA new online data dashboard released today as part of the Government’s school attendance action plan makes more timely daily attendance data available to the public and parents, says Associate Education Minister David Seymour. The interactive dashboard will be updated once a week to show a national average of how ...5 hours ago
- Ambassador to United States appointedForeign Minister Winston Peters has announced Rosemary Banks will be New Zealand’s next Ambassador to the United States of America. “Our relationship with the United States is crucial for New Zealand in strategic, security and economic terms,” Mr Peters says. “New Zealand and the United States have a ...8 hours ago
- New permit proposed for recreational gold miningThe Government is considering creating a new tier of minerals permitting that will make it easier for hobby miners to prospect for gold. “New Zealand was built on gold, it’s in our DNA. Our gold deposits, particularly in regions such as Otago and the West Coast have always attracted fortune-hunters. ...9 hours ago
- NZ and the UAE launch FTA negotiationsMinister for Trade Todd McClay today announced that New Zealand and the United Arab Emirates (UAE) will commence negotiations on a free trade agreement (FTA). Minister McClay met with his counterpart UAE Trade Minister Dr Thani bin Ahmed Al Zeyoudi in Dubai, where they announced the launch of negotiations on a ...13 hours ago
- New Zealand Sign Language Week an opportunity for anyone to signNew Zealand Sign Language Week is an excellent opportunity for all Kiwis to give the language a go, Disabilities Issues Minister Louise Upston says. This week (May 6 to 12) is New Zealand Sign Language (NZSL) Week. The theme is “an Aotearoa where anyone can sign anywhere” and aims to ...24 hours ago
- Next stop NASA for New Zealand studentsSix tertiary students have been selected to work on NASA projects in the US through a New Zealand Space Scholarship, Space Minister Judith Collins announced today. “This is a fantastic opportunity for these talented students. They will undertake internships at NASA’s Ames Research Center or its Jet Propulsion Laboratory (JPL), where ...1 day ago
- $1.9 billion investment to keep NZ safe from crimeNew Zealanders will be safer because of a $1.9 billion investment in more frontline Corrections officers, more support for offenders to turn away from crime, and more prison capacity, Corrections Minister Mark Mitchell says. “Our Government said we would crack down on crime. We promised to restore law and order, ...1 day ago
- OECD reinforces need to control spendingThe OECD’s latest report on New Zealand reinforces the importance of bringing Government spending under control, Finance Minister Nicola Willis says. The OECD conducts country surveys every two years to review its members’ economic policies. The 2024 New Zealand survey was presented in Wellington today by OECD Chief Economist Clare Lombardelli. ...1 day ago
- Agreement delivers Local Water Done Well for AucklandThe Government has delivered on its election promise to provide a financially sustainable model for Auckland under its Local Water Done Well plan. The plan, which has been unanimously endorsed by Auckland Council’s Governing Body, will see Aucklanders avoid the previously projected 25.8 per cent water rates increases while retaining ...2 days ago
- Gaza and the Pacific on the agenda with GermanyForeign Minister Winston Peters discussed the need for an immediate ceasefire in Gaza, and enhanced cooperation in the Pacific with German Foreign Minister Annalena Baerbock during her first official visit to New Zealand today. "New Zealand and Germany enjoy shared interests and values, including the rule of law, democracy, respect for the international system ...3 days ago
- Decision allows for housing growth in Western Bay of PlentyThe Minister Responsible for RMA Reform, Chris Bishop today released his decision on four recommendations referred to him by the Western Bay of Plenty District Council, opening the door to housing growth in the area. The Council’s Plan Change 92 allows more homes to be built in existing and new ...4 days ago
- Speech to New Zealand China CouncilThank you, John McKinnon and the New Zealand China Council for the invitation to speak to you today. Thank you too, all members of the China Council. Your effort has played an essential role in helping to build, shape, and grow a balanced and resilient relationship between our two ...4 days ago
- Modern insurance law will protect Kiwi householdsThe Government is modernising insurance law to better protect Kiwis and provide security in the event of a disaster, Commerce and Consumer Affairs Minister Andrew Bayly announced today. “These reforms are long overdue. New Zealand’s insurance law is complicated and dated, some of which is more than 100 years old. ...5 days ago
- Government recommits to equal payThe coalition Government is refreshing its approach to supporting pay equity claims as time-limited funding for the Pay Equity Taskforce comes to an end, Public Service Minister Nicola Willis says. “Three years ago, the then-government introduced changes to the Equal Pay Act to support pay equity bargaining. The changes were ...5 days ago
- Transforming how our children learn to readStructured literacy will change the way New Zealand children learn to read - improving achievement and setting students up for success, Education Minister Erica Stanford says. “Being able to read and write is a fundamental life skill that too many young people are missing out on. Recent data shows that ...5 days ago
- NZ not backing down in Canada dairy disputeTrade Minister Todd McClay says Canada’s refusal to comply in full with a CPTPP trade dispute ruling in our favour over dairy trade is cynical and New Zealand has no intention of backing down. Mr McClay said he has asked for urgent legal advice in respect of our ‘next move’ ...5 days ago
- Stronger oversight for our most vulnerable childrenThe rights of our children and young people will be enhanced by changes the coalition Government will make to strengthen oversight of the Oranga Tamariki system, including restoring a single Children’s Commissioner. “The Government is committed to delivering better public services that care for our most at-risk young people and ...5 days ago
- Streamlining Building Consent ChangesThe Government is making it easier for minor changes to be made to a building consent so building a home is easier and more affordable, Building and Construction Minister Chris Penk says. “The coalition Government is focused on making it easier and cheaper to build homes so we can ...6 days ago
- Minister acknowledges passing of Sir Robert Martin (KNZM)New Zealand lost a true legend when internationally renowned disability advocate Sir Robert Martin (KNZM) passed away at his home in Whanganui last night, Disabilities Issues Minister Louise Upston says. “Our Government’s thoughts are with his wife Lynda, family and community, those he has worked with, the disability community in ...6 days ago
- Speech to New Zealand Institute of International Affairs, Parliament – Annual Lecture: Challenges ...Good evening – Before discussing the challenges and opportunities facing New Zealand’s foreign policy, we’d like to first acknowledge the New Zealand Institute of International Affairs. You have contributed to debates about New Zealand foreign policy over a long period of time, and we thank you for hosting us. ...6 days ago
- Accelerating airport security linesFrom today, passengers travelling internationally from Auckland Airport will be able to keep laptops and liquids in their carry-on bags for security screening thanks to new technology, Transport Minister Simeon Brown says. “Creating a more efficient and seamless travel experience is important for holidaymakers and businesses, enabling faster movement through ...6 days ago
- Community hui to talk about kina barrensPeople with an interest in the health of Northland’s marine ecosystems are invited to a public meeting to discuss how to deal with kina barrens, Oceans and Fisheries Minister Shane Jones says. Mr Jones will lead the discussion, which will take place on Friday, 10 May, at Awanui Hotel in ...6 days ago
- Kiwi exporters win as NZ-EU FTA enters into forceKiwi exporters are $100 million better off today with the NZ EU FTA entering into force says Trade Minister Todd McClay. “This is all part of our plan to grow the economy. New Zealand's prosperity depends on international trade, making up 60 per cent of the country’s total economic activity. ...6 days ago
- Mining resurgence a welcome signThere are heartening signs that the extractive sector is once again becoming an attractive prospect for investors and a source of economic prosperity for New Zealand, Resources Minister Shane Jones says. “The beginnings of a resurgence in extractive industries are apparent in media reports of the sector in the past ...6 days ago
- Ō-Rākau Remembrance Bill passes first readingThe return of the historic Ō-Rākau battle site to the descendants of those who fought there moved one step closer today with the first reading of Te Pire mō Ō-Rākau, Te Pae o Maumahara / The Ō-Rākau Remembrance Bill. The Bill will entrust the 9.7-hectare battle site, five kilometres west ...1 week ago
- Government to boost public EV charging networkEnergy Minister Simeon Brown has announced 25 new high-speed EV charging hubs along key routes between major urban centres and outlined the Government’s plan to supercharge New Zealand’s EV infrastructure. The hubs will each have several chargers and be capable of charging at least four – and up to 10 ...1 week ago
- Residential Property Managers Bill to not progressThe coalition Government will not proceed with the previous Government’s plans to regulate residential property managers, Housing Minister Chris Bishop says. “I have written to the Chairperson of the Social Services and Community Committee to inform him that the Government does not intend to support the Residential Property Managers Bill ...1 week ago
- Independent review into disability support servicesThe Government has announced an independent review into the disability support system funded by the Ministry of Disabled People – Whaikaha. Disability Issues Minister Louise Upston says the review will look at what can be done to strengthen the long-term sustainability of Disability Support Services to provide disabled people and ...1 week ago
- Justice Minister updates UN on law & order planJustice Minister Paul Goldsmith has attended the Universal Periodic Review in Geneva and outlined the Government’s plan to restore law and order. “Speaking to the United Nations Human Rights Council provided us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while responding to issues and ...1 week ago
- Ending emergency housing motels in RotoruaThe Government and Rotorua Lakes Council are committed to working closely together to end the use of contracted emergency housing motels in Rotorua. Associate Minister of Housing (Social Housing) Tama Potaka says the Government remains committed to ending the long-term use of contracted emergency housing motels in Rotorua by the ...1 week ago
- Trade Minister travels to Riyadh, OECD, and DubaiTrade Minister Todd McClay heads overseas today for high-level trade talks in the Gulf region, and a key OECD meeting in Paris. Mr McClay will travel to Riyadh to meet with counterparts from Saudi Arabia and the Gulf Cooperation Council (GCC). “New Zealand’s goods and services exports to the Gulf region ...1 week ago
- Education priorities focused on lifting achievementEducation Minister Erica Stanford has outlined six education priorities to deliver a world-leading education system that sets Kiwi kids up for future success. “I’m putting ambition, achievement and outcomes at the heart of our education system. I want every child to be inspired and engaged in their learning so they ...1 week ago
- NZTA App first step towards digital driver licenceThe new NZ Transport Agency (NZTA) App is a secure ‘one stop shop’ to provide the services drivers need, Transport Minister Simeon Brown and Digitising Government Minister Judith Collins say. “The NZTA App will enable an easier way for Kiwis to pay for Vehicle Registration and Road User Charges (RUC). ...1 week ago
- Supporting whānau out of emergency housingWhānau with tamariki growing up in emergency housing motels will be prioritised for social housing starting this week, says Associate Housing Minister Tama Potaka. “Giving these whānau a better opportunity to build healthy stable lives for themselves and future generations is an essential part of the Government’s goal of reducing ...1 week ago
- Tribute to Dave O'SullivanRacing Minister Winston Peters has paid tribute to an icon of the industry with the recent passing of Dave O’Sullivan (OBE). “Our sympathies are with the O’Sullivan family with the sad news of Dave O’Sullivan’s recent passing,” Mr Peters says. “His contribution to racing, initially as a jockey and then ...1 week ago
- Speech – Eid al-FitrAssalaamu alaikum, greetings to you all. Eid Mubarak, everyone! I want to extend my warmest wishes to you and everyone celebrating this joyous occasion. It is a pleasure to be here. I have enjoyed Eid celebrations at Parliament before, but this is my first time joining you as the Minister ...1 week ago
- Government saves access to medicinesAssociate Health Minister David Seymour has announced Pharmac’s largest ever budget of $6.294 billion over four years, fixing a $1.774 billion fiscal cliff. “Access to medicines is a crucial part of many Kiwis’ lives. We’ve committed to a budget allocation of $1.774 billion over four years so Kiwis are ...1 week ago
- Pharmac Chair appointedHon Paula Bennett has been appointed as member and chair of the Pharmac board, Associate Health Minister David Seymour announced today. "Pharmac is a critical part of New Zealand's health system and plays a significant role in ensuring that Kiwis have the best possible access to medicines,” says Mr Seymour. ...1 week ago
- Taking action on Fetal Alcohol Spectrum DisorderHundreds of New Zealand families affected by Fetal Alcohol Spectrum Disorder (FASD) will benefit from a new Government focus on prevention and treatment, says Health Minister Dr Shane Reti. “We know FASD is a leading cause of preventable intellectual and neurodevelopmental disability in New Zealand,” Dr Reti says. “Every day, ...1 week ago
- MP's comments 'bang on' despite negative response from other parties – Te Pāti...
Te Pāti Māori is standing by comments made by MP Mariameno Kapa-Kingi which other parties have called inflammatory and offensive. ...44 mins ago - A story of trauma, hope and regaining control, Nayika: A Dancing Girl is soul-stirring dance theatre
Source: The Conversation (Au and NZ) – By Vanita Yadav, Senior Research Fellow, Urban Transformations Research Centre, Western Sydney University Brett Boardman/Belvoir The complex and grappling issue of violence against women takes centre stage in the soul-stirring solo dance drama Nayika: A Dancing Girl. During a dinner conversation ...57 mins ago - 'Pretty dire' situation for patients as junior doctors strike over pay cutsDisruption to patient care from a nationwide junior doctors strike is bordering on unsafe, a senior doctor claims, despite what health officials say. ...2 hours ago
- How does the drug abemaciclib treat breast cancer?Source: The Conversation (Au and NZ) – By Sarah Diepstraten, Senior Research Officer, Blood Cells and Blood Cancer Division, Walter and Eliza Hall Institute Ground Picture/Shutterstock The anti-cancer drug abemaciclib (also known as Vernezio) has this month been added to the Australian Pharmaceutical Benefits Scheme (PBS) to treat certain ...2 hours ago
- How a filmmaker, a pile of old shells and a bunch of amateurs are bringing our oyster reefs backSource: The Conversation (Au and NZ) – By Dominic McAfee, Postdoctoral researcher, marine ecology, University of Adelaide Robbie Porter, OzFish Unlimited Around Australia, hundreds of people are coming together to help a once-prized, but decimated and largely forgotten marine ecosystem. They’re busy restoring Australia’s native oyster and mussel reefs. ...2 hours ago
- Official 2023 election result final check done in a few hours, under extreme pressureThe rushed assessment, which failed to identify multiple errors in the official results, would normally take two days. ...3 hours ago
- Curious Kids: what stops meteors hitting Earth and hurting people?Source: The Conversation (Au and NZ) – By Sara Webb, Lecturer, Centre for Astrophysics and Supercomputing, Swinburne University of Technology Austin Human/Unsplash How does Earth stop meteors from hitting Earth and hurting people? –Asher, 6 years 11 months, New South Wales Alright, let’s embark on a meteor ...3 hours ago
- From pride rounds to rainbow guernseys, sports can be smarter when it comes to diversity and inclusi...Source: The Conversation (Au and NZ) – By Rory Mulcahy, Associate Professor of Marketing, University of the Sunshine Coast Professional sports organisations regularly promote and develop initiatives to support diversity, equity and inclusion. While sport has the power to change attitudes by sparking conversations about political issues and social ...3 hours ago
- Grand designs? Why many Australian architects say their career makes them unhappySource: The Conversation (Au and NZ) – By Naomi Stead, Director of the Design and Creative Practice Enabling Impact Platform, RMIT, RMIT University SORN340 Studio Images/Shutterstock For years there have been suggestions of widespread poor wellbeing among architects. In many ways this is not surprising. It’s well established the ...3 hours ago
- Don’t embarrass the boss
Comment: The weekly Monday post-Cabinet press conference is a useful forum for observing Christopher Luxon and how he is developing into the job of Prime Minister. He attempts to convey the impression of a man of action, speaking fast, delivering memorised National Party strategies in a connect-the-slogans kind of way, ...3 hours ago - Green MP Julie Anne Genter referred to Privileges CommitteeGerry Brownlee referred her to the Privileges Committee over complaints about her behaviour in the House. ...4 hours ago
- Six telling tidbits from the review of vote-counting errors at the 2023 election
Double votes, missing ballot boxes, tired tech and stressed staff: how tick-tallying went astray at last year’s election. Cast your mind back to November 2023, that bleary-eyed post-election period during which we waited, and waited, for a coalition deal to be hammered out. A distraction from the hotel-hopping of our ...4 hours ago - Government begins weekly reporting of school attendance figuresSchools should aim to have 94 percent of their pupils in class every day, David Seymour says. ...4 hours ago
- A ‘blistering’ ‘tour de force’: Australia loves After the Party tooInternational audiences are starting to discover what New Zealand already knew about After the Party. When After the Party aired in New Zealand last year, the response was fast and furious. In his preview for Rec Room, Duncan Greive said it was a “gritty, wrenching and highly confronting” series. By ...4 hours ago
- Iran is gaining credibility in the Muslim world and feeling emboldened. This doesn’t bode well for...Source: The Conversation (Au and NZ) – By Shahram Akbarzadeh, Convenor of the Middle East Studies Forum (MESF), and Acting Director the Alfred Deakin Institute for Citizenship and Globalisation, Deakin University Iran’s leadership has been a direct beneficiary of the months-long war in Gaza. With every missile that Israel fires ...4 hours ago
- ‘Uncanny notes that plague this place’: Hagstone by Sinéad Gleeson, reviewedClaire Mabey reviews the haunting and sexy debut novel from Sinéad Gleeson, who is about to touch down in Aotearoa for a string of live events. When Irish writer Sinéad Gleeson was in Aotearoa in 2018 with her spectacular collection of essays, Constellations, she told me she was working on ...5 hours ago
- Bougainville ‘other avenues’ report ‘sensationalised’, claims MakibaPNG Post-Courier Bougainville Affairs Minister Manasseh Makiba has described the Post-Courier’s front page story yesterday regarding a meeting between Bougainville and national government leaders as “sensationalised” and without substance. The Autonomous Bougainville Government (AGB) had warned it might use “other avenues to gain its independence” should the PNG government “continue ...5 hours ago
- Government on track for increased deficit despite fall in spending – TreasuryThe government books are worsening as a fall in tax outpaces cuts to spending, leaving it on course to post a sizable deficit. ...6 hours ago
- Luxon and Mitchell weren’t mixed up, they were using girl mathsWhere some saw the worst press conference given by the government to date, Anna Rawhiti-Connell recognised girl maths game. Nicola Willis, recently exasperated by comparisons to Ruth Richardson, said she was “a bit sick of being compared with every female finance minister that’s ever been out there.” Some think that’s ...7 hours ago
- Interim Financial Statements Of The Government Of New Zealand For The Nine Months Ended 31 March 20...
The March results are reported against forecasts based on the Half Year Economic and Fiscal Update 2023 (HYEFU 2023), published on 20 December 2023 and the results for the same period for the previous year. ...7 hours ago - NZ First MP Jamie Arbuckle, who wanted to keep his pay as councillor pay too, changes his mindJamie Arbuckle, the district councillor who became an MP but decided to keep getting paid for both roles, will instead donate one salary to charity. ...7 hours ago
- Jamie Arbuckle MP – Re: My Position As Marlborough District CouncillorThis is my fifth term as a Marlborough District Councillor, I am passionate about local issues, and I will continue to work hard for my community. ...7 hours ago
- Adding gender to the Human Rights Act – what’s the big deal?Adding gender to the Human Rights Act would simply make the implicit explicit. So why is it so controversial? Paul Thistoll explain. At present, Aotearoa’s 1993 Human Rights Act (HRA) includes sex, marital status, religious belief, ethical belief (meaning a lack of religious belief), colour, race, ethnicity or national origin, ...7 hours ago
- Carmel Sepuloni believed to be contestant on new season's Celebrity Treasure IslandThe new season of Celebrity Treasure Island is due to hit New Zealand screens later this year. ...8 hours ago
- The cost of being: A flatting student who’s saving for more tattoosAs part of our series exploring how New Zealanders live and our relationship with money, an 18-year-old who’s studying and working in hospo shares their approach to spending and saving. Want to be part of The Cost of Being? Fill out the questionnaire here. Gender: Transmasc Age: 18 Ethnicity: Pākehā/Māori Role: Student, ...9 hours ago
- 'He got it mixed up' – PM backs Corrections Minister despite announcement muddleThe prime minister is backing Corrections Minister Mark Mitchell, saying he "quickly clarified" a confusing media conference announcement. ...9 hours ago
- How the fast-track law could expose future NZ governments to expensive trade disputesSource: The Conversation (Au and NZ) – By Jane Kelsey, Emeritus Professor of Law, University of Auckland, Waipapa Taumata Rau Getty Images Resources Minister Shane Jones has reportedly asked officials for advice on whether oil and gas companies could be offered “bonds” as compensation if drilling rights offered by ...9 hours ago
- Crisis of faith: why Australian women have so little trust in religious institutionsSource: The Conversation (Au and NZ) – By Kate Gleeson, Associate Professor of Law, Macquarie University Shutterstock The Albanese government is weighing up the costs of delivering an election promise to protect religious people from discrimination in Commonwealth law. Such protections were relatively uncontroversial when included in state anti-discrimination ...9 hours ago
- Terminal lucidity: why do loved ones with dementia sometimes ‘come back’ before death?Source: The Conversation (Au and NZ) – By Yen Ying Lim, Associate Professor, Turner Institute for Brain and Mental Health, Monash University Pexels/Andrea Piacquadio Dementia is often described as “the long goodbye”. Although the person is still alive, dementia slowly and irreversibly chips away at their memories and the ...9 hours ago
- Making merry: how we brought Melbourne’s Merri Creek back from pollution, neglect and weedsSource: The Conversation (Au and NZ) – By Judy Bush, Senior Lecturer in Urban Planning, The University of Melbourne Adam Calaitzis/Shutterstock I met with a friend for a walk beside Merri Creek, in inner Melbourne. She had lived in the area for a few years, and as we walked ...9 hours ago
- This group rid one Australian river of its privet problem – and strengthened community along the w...Source: The Conversation (Au and NZ) – By Sonia Graham, DECRA Fellow, University of Wollongong Lekali Studio/Shutterstock Privet is a popular garden hedge. It grows quickly and responds well to being pruned. But in natural areas, privet is a problem. Like 72% of weeds in Australia, privet escaped ...9 hours ago
- Australian artists only earn $23,200 a year from their art – and are key financial investors in ke...Source: The Conversation (Au and NZ) – By David Throsby, Distinguished Professor of Economics, Macquarie University Arts companies and individual artists in Australia are supported by government arts agencies, philanthropists, industry bodies, private donors and patrons. However, it is frequently overlooked that a major source of support for the arts ...9 hours ago
- Experts Sign Open Letter To Legalise Drugs In New ZealandHarm Reduction Coalition Aotearoa, a new incorporated society dedicated to ending harmful drug policies, officially launched today, seeks a new fit-for-purpose drug law for Aotearoa New Zealand, rooted in science, experience and evidence. ...9 hours ago
- Politics live: Mark Mitchell, Christopher Luxon face questions after Corrections confusionThe Corrections Minister admits he "muddied the water" after he and the Prime Minister repeatedly provided incorrect information about a $1.9 billion prison spend-up. ...10 hours ago
- Messy press conference prompts correction over Corrections fundingIt took a post-post-cabinet statement to confirm that 810 new beds will be built at Waikeria, writes Stewart Sowman-Lund in this extract from The Bulletin. To receive The Bulletin in full each weekday, sign up here. ...10 hours ago
- Politics live: Mark Mitchell, Christopher Luxon face questions after confusion CorrectionsThe Prime Minister and Corrections Minister repeatedly provided incorrect information about their $1.9 billion planned prison spend-up. ...11 hours ago
- Young Star burns bright for her Fiji familyLili Tokaduadua was only 15 when she left her family in Fiji to pursue her netball dream in New Zealand. She’d been playing the sport for 10 years and was offered a netball scholarship at Auckland’s Howick College. Now, in her first year out of high school, the 19-year-old defender ...11 hours ago
- Plucky Foodstuffs crushed by the iron fist of big bicycleThe beloved local grocers lost a legal challenge to stop a new cycleway outside their store. Joel MacManus reports. In the annals of New Zealand legal history, there are a few brave people who have dared to stand up to the powers that be, no matter how bleak the odds ...13 hours ago
- Seven graphs that show where New Zealand’s food comes from… and where it goesHow what we produce and what we eat connects us to the world beyond our shores, visualised. Walking around a supermarket or vege shop, it might be obvious that everything on the shelves came from somewhere. But you might ...13 hours ago
- World shines a light on NZ’s human rights breachesOpinion: Last week, important recommendations for our criminal justice system were made by the international community. Every five years, each member of the United Nations has its human rights practices reviewed. This rolling event – the Universal Periodic Review – is the culmination of a government reporting on its human ...13 hours ago
- The mutant bird flu lurking on our bordersHighly pathogenic avian influenza – H5N1, or bird flu – has been flying around the world since the late 1990s. New Zealand, Australia and the Pacific Islands are so far free of it, but now it’s been discovered in mainland Antarctica and scientists say it’s only a matter of time ...13 hours ago
- Meridian Energy: no need to ‘engage’ locals ahead of fast-track applicationsFor projects of national significance, the energy giant recommends applicants need only “notify” those potentially affected The post Meridian Energy: no need to ‘engage’ locals ahead of fast-track applications appeared first on Newsroom. ...13 hours ago
- How Kiwis are getting their families out of PalestineMohammed paid $70,000 to get his 10 family members into Egypt. They still don’t have a clear way into New Zealand. The post How Kiwis are getting their families out of Palestine appeared first on Newsroom. ...13 hours ago
- Newsroom daily quiz, Tuesday 7 MayLoading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('A,DIV,A[data-quiz],DIV[data-quiz]'); if(ql){if(ql.length){for(var k=0;k<ql.length;k++){ql[k].id='quiz-embed-'+k;ql[k].href="javascript:var i=document.getElementById('quiz-embed-"+k+"');try{qz.startQuiz(i)}catch(e){i.start=1;i.style.cursor='wait';i.style.opacity='0.5'};void(0);"}}};i['QP']=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,'script','https://take.quiz-maker.com/3012/CDN/quiz-embed-v1.js','qp'); Got a good quiz question? Send Newsroom your questions. The post Newsroom daily quiz, Tuesday 7 May appeared first on Newsroom. ...13 hours ago
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Need to start at the top…
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/12-overflow/20151221_feudal_0.jpg
” … while corporations have the Supreme Court right to fund political parties.” makes it sound relatively innocuous.
But what that’s really about is giving the very few people that own and control those corporations a bunch of ways to have additional voices and paths to influence politics that are unavailable to the rest of the population.
Maybe ‘Accountable Democracy’ would be a better start.
But anyway, I suspect voting for board members would be about as democratic as voting for ‘school trustees’. (or, depending on where you live, Hospital Boards and District Councillors.
The pool of people who put their hand up is usually very small and select, and reading the ballot its nigh on impossible to differentiate between candidates. If the board was to include a certain percentage of workers off ‘the shop floor’, well then that might be more interesting.
Yeah, bit of a mix up, then reconnects like a web, rather than a chain. Decentralising, to avoid domainance.
“maybe the Dems take the Senate, Congress, and White House, and take out 4 Supreme Court judges”
They’d need to take the media back as well, as the hysterics would be hugely shrill.
How do the Dems take out 4 Supreme Court Justices? Shoot them? There is simply no constitutional way to do so.
As for Senator Warren, does this policy initiative make her a proposition for the Presidency? Given how well Sanders did, maybe. Could she beat Trump? Unlikely if the US economy stays strong.
“Take out” is my shorthand for retirements.
She’d be interesting as VP, but more useful in Cabinet at Commerce.
https://en.wikipedia.org/wiki/List_of_United_States_Supreme_Court_Justices_by_time_in_office
“Supreme Court justices have life tenure, and so they serve until they die, resign or retire, or are impeached and removed from office.”
What lawyer is going to voluntarily give up US laws ultimate position?
“The Constitution provides that justices “shall hold their offices during good behavior” (unless appointed during a Senate recess). The term “good behavior” is understood to mean justices may serve for the remainder of their lives, unless they are impeached and convicted by Congress, resign, or retire.[91] Only one justice has been impeached by the House of Representatives (Samuel Chase, March 1804), but he was acquitted in the Senate (March 1805).[92] Moves to impeach sitting justices have occurred more recently (for example, William O. Douglas was the subject of hearings twice, in 1953 and again in 1970; and Abe Fortas resigned while hearings were being organized in 1969), but they did not reach a vote in the House. No mechanism exists for removing a justice who is permanently incapacitated by illness or injury, but unable (or unwilling) to resign.[93]”
https://en.wikipedia.org/wiki/Supreme_Court_of_the_United_States
They retire. They die. Once or twice in a US Presidential term if lucky usually. President Trump is looking exceedingly lucky in this respect.
Mitch McConnell’s fuckery and utter disregard of his constitutional obligations helped King Con’s luck. He’s probably also lucky his shoats and Kennedy’s offspring apparently also mingle in the same circles.
“What lawyer is going to voluntarily give up US laws ultimate position?”
Anthony Kennedy. David Souter, John Paul Stevens, Sandra O’Connor are just the ones that did so and are still living.
fair call…though i would note they are the exception rather than the rule…and they had all served extensive terms.
The implication was they could be pressured to resign.
” … take out 4 Supreme Court Justices? Shoot them?” – sending them on a hunting expedition with Dick Cheney oughta do it.
Can’t do justice to this using Android, but absolutely on the nail Ad.
It will take a lot more pain and suffering and a lot more people to join the ranks of the former middle class before this sort of programme has a snowball’s chance.
That, or a climate crisis.
She is defiantly on the right track. US is cannibalising itself and that is a shame, because as much as I hate many of the policies and direction of the US, when you look at other superpowers you have to wonder, what the F is going on, when the greediest, most power hungry, short term and unequal policies are being championed against the long term survival and overall welfare of their citizens.
Also apparently only 2 companies on the US share market have survived more than 100 years without going bankrupt. So the share market is an example of really short term thinkers and them and the banking industry having so much societal weight and power is deeply disturbing to the long term survival of the US or even western thinking.
Also apparently only 2 companies on the US share market have survived more than 100 years without going bankrupt.
I can think of one US brand, Allen-Bradley that dates back to the 1890’s, and several others going back almost as long. In my field alone the four dominant vendors, Siemens, Schneider Electric, Rockwell Automation and ABB are all very established entities. Short-termism can hardly be levelled at companies that have been around 80 years or more.
What often happens is that as technologies and markets change, companies either merge or morph into something else. Bankruptcy is not the usual fate of most larger organisations.
Siemens, Schneider Electric, and ABB are European companies. There are very few US born and bred corporations who have survived for any length of time over 100 years and so the neoliberal doctrines that business in particular the US doctrine of competition and greed is good,are just false. Corporations struggle to survive even 100 years in US yet somehow they have gained immense almost god like power and control over the US governments and people. They only reason many corporations even keep going is fake accounting and corporate welfare and not paying any taxes. Even the US banks needed propping up only a few years ago by their taxpayers!
absolutally, n all big banks are continuously proped-up by QE, still running, 0% interest rates…
I suspect the democrats will prove even more craven than this post indicates, and should they be elected with so much influence this whole notion will be swept under a rug (quietly).
I shouldn’t worry.
With this sort of electoral jiggery pokery, I doubt they’ll be winning anytime soon
If evera country needed a viable 3rd party in politics its America.
An alternative party that embraced the ideas of Warren,Sanders,Grayson and Nader would make some inroads into this tweedle dee, tweedle dum interchange of Rep/Dem administrations that are totally owned by Wall St.
Like Perot when he started getting traction..I guess people just want to..live.