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From failure to farce

Written By: - Date published: 7:44 am, October 11th, 2013 - 95 comments
Categories: privatisation - Tags:

“John Key’s asset sales have descended from failure to farce” – that’s how Metiria Turei described the announcement that Mighty River Power will be buying back shares just five months after they were privatised. Clayton Cosgrove put it more bluntly: “It’s a good thing the government doesn’t own a brewery cos they couldn’t organise a pi .. a DRINK in one”.

What a cock-up the whole process has been. The sales costs have blown out to $124m and are set to at least double. Less than half the ‘mum and dads’ they expected showed up. They got less money than they expected for Mighty River (and now, wise after the fact, the analysts all claim it was over-priced).

Now, these shares that were supposedly all about helping Kiwis get diversified savings are being bought back by the company in a transparent attempt by the MRP board to try to revive its ailing share price, which is about to come under even more pressure with the fire-sale of Meridian.

If they get out now, the average ‘mum and dad’ will have lost a grand. And I reckon plenty of them will get out while the getting is good.

I’m really looking for to the referendum. Key’s said he’ll put the ‘no’ vote against the number of people who voted National in 2011 (most of whom, incidentally, opposed asset sales). It’s going to be great when New Zealanders get ot give him an arse-kicking over these stupid asset sales.

95 comments on “From failure to farce”

  1. Tracey 1

    Given the poor turnout in local body elections you shouldnt get too excited about referendum turnout. The govt is doing a gd job dissuading people by telling them they are wasting their time.

    • ghostwhowalksnz 1.1

      They would say that-” Democracy is a waste of time”- which they keep proving in many ways

      Of course their crony capitalist mates want it that way as well.

  2. framu 2

    typo? – should it read “I’m really looking forward to the referendum”?

  3. Lanthanide 3

    “I’m really looking for to the referendum. Key’s said he’ll put the ‘no’ vote against the number of people who voted National in 2011 (most of whom, incidentally, opposed asset sales). It’s going to be great when New Zealanders get ot give him an arse-kicking over these stupid asset sales.”

    Does that mean if more people vote no than voted for National, they’ll cancel the further sales? If he actually committed to that, he could be in for a surprise…

  4. deWithiel 4

    With the MSM ramming home the message that the only important things in life are yachting races, the All Blacks and Lorde, it’s hardly surprising that the local body elections have been a total disaster. Not helped, of course, by a very real recognition that local bodies are political panaceas: voters do realise that if any local body is brave enough to make a decision that runs contrary to the current government’s received ‘wisdom’, it’s almost guaranteed to be overturned either by Steve, Nick and Gerry or all three of them. However, given the emotive quality of the matter, it is possible that the electorate could be motivated to actually vote on the referendum and you would hope that the opposition parties have developed a strategy to deal properly with the issue, one that takes account of voter apathy and the hostility of our ‘masters” voices.

    • Mike S 4.1

      “With the MSM ramming home the message that the only important things in life are yachting races, the All Blacks and Lorde”

      Yes but they would also have us believe that the only important thing in the entire universe is berms.

      (Come to think of it, isn’t ‘berm’ a sort of strange little word. Apparently it comes from a military barricade or mound of earth)

  5. King Kong 5

    I agree with Cosgrove, the less the Government owns the better. It doesn’t matter whether it is breweries or power stations.

    I thought he was meant to be against asset sales.

    As for token Turei, it is impossible to take anything she says seriously, but it may warrant some consideration as there is probably no one in Parliament with more experience of failure and farce.

    • vto 5.1

      Nick Smith has great failure and farce

      Hekia Parata has certainly failed so many times it is farcical

      John Key fails to tell the truth compulsively and is an absolute farce

      Rich people like John Key like to own such assets and the fact that he wants to do the reverse for the people of New Zealand is more failure and farce

    • felix 5.2

      lolz Kong, that’s the funny thing about National and right-wing parties around the world.

      In opposition they whinge about how the state isn’t capable of running anything properly and then when they get into govt, they prove it.

      • Draco T Bastard 5.2.1

        :lol: :twisted:

      • McFlock 5.2.2

        Hmmm.

        I had just thought that tories believed everyone to be grasping, insecure, small-minded, avaricious, amoral, sociopathic, bitter, shallow, exploitative, unregenerate, paranoid, intensely stupid, and evil little scrotes because they themselves were.

        I’d never made the logical extension to that being an explanation for their obsessive belief in government incompetence, too.

      • Self-fulfilling prophecies are the easiest type to fool the voters with. ;)

    • fender 5.3

      You should really do some independent thinking around government ownership and the role governments play in getting industry and services up and running. It’s a shame up repeat your tea party lines without any consideration for reality. There was an interesting piece on RNZ last night about how the I-phone for instance is a device that relies on technology that was created by the US government.

      If the NZ government hadn’t created these power generators we would still be using candles and cooking over open fires, now that might not bother an ape who eats raw meat but it’s quite important to humans.

      Please use your limited intelligence to write better comments KK, because at the moment I’m seeing Rodney Hide in every one of your foolish comments.

      • Draco T Bastard 5.3.1

        There was an interesting piece on RNZ last night about how the I-phone for instance is a device that relies on technology that was created by the US government.

        It’s all part of the re-write of history that the RWNJs are doing:

        The personal computer emerged during this time with Apple introducing the first one in 1976. Following this, the computer industry’s boom in Silicon Valley and the key role of DARPA in the massive growth of personal computing received significant attention, but has since been forgotten by those who claim Silicon Valley is an example of ‘free market’ capitalism. In a recent documentary, Something Ventured, Something Gained, for example, the role of the State is not mentioned once in the 85 minutes spent describing the development of Silicon Valley (Geller and Goldfine 2012).

        Mazzucato, Mariana (2013-05-15). The Entrepreneurial State: Debunking Public vs. Private Myths in Risk and Innovation (Kindle Locations 1764-1768). Anthem Press. Kindle Edition.

        Private innovation has done very little to progress technology. The real risky, blue sky development has been done by governments which the private sector has then used.

        • Naturesong 5.3.1.1

          Not always.

          WWW, linux and the open source movement are good examples where socialist collectives have done the heavy lifting.
          Though even there, with the high incidence of academics, governments have been picking up some of the bill.

          • Draco T Bastard 5.3.1.1.1

            You do understand that the internet (WWW) was a development of DARPA back in the 1960s don’t you?

            What the research is showing is that the government does the research that may not actually produce stuff and, once they have a working idea, it’s passed over to the private sector to continue with. Apple and other tech firms wouldn’t exist without the US government having done the basic research into semi-conductors and operating systems. This applies to a hell of a lot of research.

            Yes, the private sector does some basic research but it’s very little to what the governments have done.

            • Naturesong 5.3.1.1.1.1

              No.

              You’re confusing the internet (ARPAnet), which was developed by ARPA (later to become DARPA) with the World Wide Web, which was developed by Tim Berners Lee with others at CERN (http://info.cern.ch), and given free to the world.

              I agree with your second paragraph, but your third appears to be a criticism of something unrelated to anything I said.

              • McFlock

                either way, private enterprise is the R&D equivalent of the cuckoo, using other people’s work to raise the next generation of thieves.

                • Naturesong

                  Correct.

                  I’m of the view that goverment funding of research either directly, through institutions like university, or even providing infrastructure to enable open source projects to develop is a very good thing indeed.

                  At which point it can be made available to the public.

                  Take as a for instance, the Americas Cup.
                  I’d be very happy to see government funding into research for more efficient harnessing of wind. And making the results of that research available to folks who like to race boats.
                  But funding the actual team? Not so much.

                  That same research might also be useful to people wanting to make better wind powered generators, or wind assisted freight ships etc …

              • Draco T Bastard

                ou’re confusing the internet (ARPAnet), which was developed by ARPA (later to become DARPA) with the World Wide Web,

                No I’m not. Without the first you wouldn’t have got the second.

                • McFlock

                  Ug invented the wheel.
                  Without the wheel we would not have the motorcar.
                  Therefore, Ug invented the motor car.

                  Printers invented markup language
                  Without markup language we wouldn’t have the WWW
                  Therefore, printers invented the WWW

                  Nah. doesn’t follow.

                • Naturesong

                  Yes and no.

                  ARPAnet was not the only game in town. Work had been done on the NPL Data Communications Network, though funding was an issue.
                  It was solving the packet switching problem that changed the game.

                  The OSI framework was also taking shape before ARPAnet
                  And given that the web is not on layers 1 – 4 it is entirely feasible that the WWW could have come into existance on a network using different protocols.

                  But, ARPAnet solved the packet switching issue, universities were connected, ethernet was developed (Xerox iirc), and the rest is history.

                  • Draco T Bastard

                    %3Cblockquote%3EARPAnet%20was%20not%20the%20only%20game%20in%20town.%20Work%20had%20been%20done%20on%20the%20NPL%20Data%20Communications%20Network%2C%20though%20funding%20was%20an%20issue.%3C%2Fblockquote%3E%0AYep%2C%20the%20government%20provided%20funding%20-%20something%20that%20private%20enterprise%20failed%20to%20do.%20Which%20is%20what%20I’ve%20been%20saying%20all%20along.%20The%20government%20provides%20two%20major%20things%20that%20the%20private%20sector%20simply%20won’t%2C%20and%20probably%20can’t%2C%20do%3A%201.)%20Long%20term%20funding%20and%202.)%20stability.%0A%0A%3Cblockquote%3E%E2%80%A6ethernet%20was%20developed%20(Xerox%20iirc)%2C%20and%20the%20rest%20is%20history.%3C%2Fblockquote%3E%0AEthernet%20couldn’t%20have%20been%20developed%20without%20the%20US%20governments%20support%20of%20the%20semi-conductor%20industry%20(research%20and%20development)%20from%20the%20late%2050s.

                    [translated]

                    ARPAnet was not the only game in town. Work had been done on the NPL Data Communications Network, though funding was an issue.

                    Yep, the government provided funding – something that private enterprise failed to do. Which is what Ive been saying all along. The government provides two major things that the private sector simply wont, and probably cant, do: 1.) Long term funding and 2.) stability.

                    …ethernet was developed (Xerox iirc), and the rest is history.

                    Ethernet couldnt have been developed without the US governments support of the semi-conductor industry (research and development) from the late 50s

              • Murray Olsen

                CERN is publicly funded. In fact, it is funded at a supranational level.
                The development of commercial air travel was publicly funded, to a large extent through the US Post Office. It is extremely difficult to find any research that became applied and useful thanks to nothing but the efforts of a Randian superhero. Even the obscene economic theories which allow them to make these claims were generally developed in public institutions. The main things they come up with in the private sector are new justiifications to get public money shovelled into their offshore accounts.

    • Shane Gallagher 5.4

      Explain how the economies of China, Singapore and South Korea are doing so well when the state owns and directs so much of those economies. Go on. Have a go.

      One is Communist, one is an oligarchy and one is a democracy.

      Oh and if you have to call someone names then you have lost the argument already. :-)

      • Puckish Rogue 5.4.1

        If Labour announced that they were going to do everything the respective governments of China, Singapore and South Korea do then I would vote labour or are you just cherry picking the bits you like?

        • framu 5.4.1.1

          how is that in any way relevant to SGs comment?

          why cant you make even a single decent argument?

        • McFlock 5.4.1.2

          We should so everything that China, Singapore and South Korea do? Including the contradictory bits, sauch as a one-child policy and setting up dating advice and opportunities for civil servants in order to combat falling fertility. And that’s just the first one that springs to mind.

          Basically, you ever voting labour involves Labour having a brain-fry that results in massive failures in logic and common sense. This, I can agree with.

  6. Sosoo 6

    I enrolled to vote yesterday for the sole purpose of voting against the nats in this referendum.

    • Chris 6.1

      Sosoo, why stop at the referendum… best way to stop asset sales is to vote National out at the 2014 elections

    • Tiger Mountain 6.2

      They don’t like it up ’em! The Asset Sales referendum is a chance for timid torys to say what they really think about the issue without an election attached. As well as the rest of us to send ShonKey a message.

      Power generation and supply should be returned to public ownership, simple as. Eddie’s post touches on the absurdity of Nationals “the patient died but the operation was a great success” approach to the whole debacle.

      Buying shares back so soon?

  7. tricldrown 7

    Kluless klutz so if a govt was able to run on returns from investments meaning that we would pay less tax or no tax at all you no doubt would be in favour of that.
    No you being a primitive primate want society to gone back to the laws of the jungle where only the strongest survive.
    Research has shown that civilization has progressed by cooperation of the human species for the benefit of all.
    Selfishness is a regression to primative behaviour .
    You have chosen your name and it fits your lack of sophistication and nanderthal behaviour well!
    So well!

    • Mike S 7.1

      “Research has shown that civilization has progressed by cooperation of the human species for the benefit of all.”

      +1 and further, research has also shown that competition is a hindrance to progress and to successful outcomes.

      “Selfishness is a regression to primative behaviour”

      Sort of disagree on that one. Selfishness is a learned behaviour.

  8. bad12 8

    What i think has happened with Mighty River Power is that the big boys, the Goldman Saches et al, that Cartel of major banking institutions who are the hidden whip crackers behind this current Government have become impatient with what they expected would be a steady flow of shares from Ma and Pa into the coffers of the Banking Cartel,

    It appears that Ma and Pa, loath to take a financial hit on bailing out of Mighty River have not done the expected and sold off Mighty river en masse so the circling sharks can snap them up,

    Hence the rather insipid attempt to inject a little ‘electricity’ into the share price with the ‘faux buy back’, many commentators believing that the shares bought back will be cancelled thus increasing the dividend yield of the remaining shares,

    The slight bump in share price this false buy back, false in the sense that these shares WILL NOT be cancelled, is supposed to give Ma and Pa yet another chance to unload in a better to take the ‘better loss’ now in case the share price drops again,(inevitably),

    Either way, the Banking Cartels are happy, Mighty River is now sitting on 2% of ‘live’ shares which quietly at some point in the future,(when no-one is looking to closely), Mighty River will swap with the Banking Cartels the shares it holds for a pile of ‘cash’,(cash which because of the US ongoing quantitative easing the Banking Cartels are awash with),

    Whichever way Ma and Pa look at their Mighty River share parcels into the future, they must now realize that this National Government have sold them, with deliberation, a Lemon, the current sleight of hand surrounding Might River shares was always going to occur one way or another…

    • SpaceMonkey 8.1

      Agreed though Goldman Sachs, et al may have made a small sum off the share price slide after shorting the MRP shares as they were listed. Well known tactic… tried and tested on many other IPO clients, e.g. Facebook.

      • bad12 8.1.1

        Aha, and if you have the biggest bag of coin putting in the bigger orders for shares at the short end of the price is always going to make that happen,

        For the Banking Cartels it’s a clean up whichever way they are playing when you consider where all those US dollars they play in the pool with have come from…

  9. Puckish Rogue 9

    “John Key’s asset sales have descended from failure to farce”

    – Oh well if Metiria Turei says it then it must be true

    • fender 9.1

      Metiria Turei makes a great deal more sense than your beloved bumbling Judith, Pukey Boy. I heard Judith talking from Sidney this morning and have concluded that she must have been drunk. But I suspect you wouldn’t care about that, and probably prefer woman who are under the influence.

    • Paul 9.2

      Your usual useless contribution.

    • bad12 9.3

      Pucker up, hows that wee parcel of Mighty river shares looking, ah choices choices, unload them now and take the hit in the pocket,(thank Slippery and National for selling you a slice of a rotten Lemon while your counting the loss),

      OR, wait and see how KiwiPower, coming to you soon after November 2014, makes the pile of useless paper you hold look, snigger…

      • ghostwhowalksnz 9.3.1

        “Unload them now ” Thats so 90s

        Do what Key did with falling value of his secret Tranzrail shares- Short them

        That why you win the bet they will fall some more- and collect on the way down

        Whats next in the great power company shell game.

        MRP has been a debacle, now they power company is becoming a share investor – who knew ?

        Meridian- buy now pay later, is just the opening gambit, lets guess the underwriters are left with 20% of the shares no one wants at nay price

        Genesis ?. yet to come, maybe it will be just like Hallensteins, buy two get one free

        Or maybe , one power company could buy up MRP ?…… oops Ive said too much all ready

        • bad12 9.3.1.1

          Mighty River a debacle???, that depends upon who you believe the ‘end user’ of the shares in Mighty River was intended by Slippery and this National Government to be,

          That also depends whether you believe that Slippery the Prime Minister had any great belief or even cared what the sale of Mighty River accrued to the Government accounts,

          If you believe the above, and i would suggest only the gullible could, then yeah sure the sale of Mighty River was one big cluster-f**k,

          Of course if you believe that the sale of Mighty River to Ma and Pa was simply political smoke and mirrors, a pathway for the likes of Goldman Saches to gain a large interest in Mighty River without the negative political connotations then what looks like one really really big f**king mess as far as Ma and Pa are concerned will be looking from the Boardroom of Goldman Saches and the other members of the Banking Cartels to be the golden egg that the golden goose has just shat out into the nest…

        • Rogue Trooper 9.3.1.2

          one generator to spin them all

      • Puckish Rogue 9.3.2

        Why would I sell them? I was more than happy with the divedend result but I’m even happier that the company is buying back shares. Its what Warren Buffett does with his companies and I’d take more notice of what he says when it comes to shares then some yahoos on a leftie website

        So if they are bought back I’ll still have made more money then if I’d left it in the bank so its all good

        and yeah I’m buying more shares

        • bad12 9.3.2.1

          Lolz, pucker up, like i said the other day, don’t forget to bend over while your at it, it is going to be a great laugh reading your whining bleat after the incoming Labour/Green Government Legislate for KiwiPower,

          Go on buy up Might River shares big-time the thought of your self inflicted losses despite being warned is laughter that will be savored repeatedly in years to come…

        • ghostwhowalksnz 9.3.2.2

          Buying more /

          So your strategy is countercylical, buy when every one else is selling ( 70 million sold on the first day of trading alone) .

          Good luck with that

        • Saarbo 9.3.2.3

          PR, if you are buying more of these shares you have no idea how Warren Buffett works. Even if NZ Power didnt go ahead, electricity shares are a very average buy at the momengt, but given NZ Power, these shares are a loser…like you I suspect.

    • Tracey 9.4

      can you point to links which show Turei has lied about anything?

      Here’s a list from your guy

      http://thestandard.org.nz/an-honest-man/

      • Puckish Rogue 9.4.1

        Oh sorry my mistake, I didn’t mean to imply shes a liar* just that shes completely hopeless and out of her depth and should stick to smoking bongs (I’m assuming thats how she comes up with whatever comes out of her mouth, I’m not actually saying she does smoke bongs)

        She earned in excess of 500 grand (mp from 2002-2007 with appropriate pay rises and perks) yet couldn’t get it together to afford a deposit on house in Auckland so had to move to Dunedin to afford a house?

        Yet somehow thousands of other people on a lot less money then her manage to do exactly that and shes now a quotable expert of anything financial?

        Labour in power: not so bad (Cunliffes already got his outs sorted for his promises)

        Labour in power with the Greens anywhere near the books: very bad

        *All politicans lie of course

        • framu 9.4.1.1

          it%20would%20be%20wiser%20to%20stop%20making%20assumptions%20-%20met%20doesnt%20smoke%20weed%20you%20ignoramus.%20Shes%20a%20qualified%20corporate%20lawyer.%20And%20yes%20i%20do%20know%20that%20for%20100%25%20fact.%0A%0AAnd%20you%20dont%20know%20shit%20about%20why%20she%20moved%20to%20dunedin%0A%0Ait%20might%20suit%20your%20stupid%20little%20fantasies%20%20-%20but%20all%20your%20doing%20is%20showing%20that%20you%20yourself%20are%20out%20of%20your%20depth%0A%0Ai%20suggest%20actually%20knowing%20what%20your%20talking%20about%20before%20proving%20your%20idiocy%20to%20all%20and%20sundry.%0A%0AIn%20fact%20-%20have%20you%20ever%20added%20anything%20other%20that%20entry%20level%20brainless%20one%20liners%3F%0A

          [translates as ]

          it would be wiser to stop making assumptions – met doesnt smoke weed you ignoramus. Shes a qualified corporate lawyer. And yes i do know that for 100% fact.

          And you dont know shit about why she moved to dunedin

          it might suit your stupid little fantasies – but all your doing is showing that you yourself are out of your depth

          i suggest actually knowing what your talking about before proving your idiocy to all and sundry.

          In fact – have you ever added anything other that entry level brainless one liners?

          [lprent: I think that something has a problem. Will look at it later. ]

          • framu 9.4.1.1.1

            what%20the%20hell%20is%20going%20on%3F%0A%0AWhat%20i%20meant%20o%20say%20was%0A%0Afact)%20-%20meteria%20doesnt%20smoke%20-%20anything%2C%20full%20stop%0Afact)%20-%20her%20moving%20to%20dunedin%20had%20absolutely%20nothing%20to%20do%20with%20auckland%20house%20prices%0A%0Aconsidering%20your%20whole%20argument%20is%20based%20on%20things%20you%20invented%2C%20and%20that%20these%20things%20arent%20true%2C%20i%20think%20you%20need%20to%20make%20an%20aplogoy%20for%20engaging%20in%20personal%20attacks%20on%20people%20who%20you%20know%20nothing%20about

            [translated as]

            what the hell is going on?

            What i meant o say was

            fact) – meteria doesnt smoke – anything, full stop
            fact) – her moving to dunedin had absolutely nothing to do with auckland house prices

            considering your whole argument is based on things you invented, and that these things arent true, i think you need to make an aplogoy for engaging in personal attacks on people who you know nothing about

          • King Kong 9.4.1.1.2

            According to the ODT;

            “Mrs Turei and her husband, Worik Stanton, moved to Dunedin in 2004 when it became apparent they could not afford a home in Auckland. The list MP is based in Dunedin.”

            So either fatso lied to the ODT during the interview she did or it is you that doesn’t know shit.

            I didn’t realise her husbands name was Worik. His parents should be shot. What kind of cum knuckle does that to a kid

            [lprent: We all cannot be named the many variants of “Ook” ]

            • framu 9.4.1.1.2.1

              shes a very old personal friend – so i think i know more than you or the media.

              just because the papers have a single quote doesnt mean that was the only thing in play

              what the fuck is it with you and the name calling – grow the fuck up, its fucking offensive

              • King Kong

                Where as I find the poor usage of the word fuck, three times in one sentence offensive.

                Different strokes for different folks, eh?

                • framu

                  difference is – its just a word – im not applying it to you personally

                  difficult concept for a monkey sure – but there is a difference

            • Paul 9.4.1.1.2.2

              That’s mature…’fatso,
              Can’t you debate the issues or is personal name calling the level of your debating skills?
              Pathetic.

          • Mike S 9.4.1.1.3

            “i suggest actually knowing what your talking about before….”

            Shhh… Let them keep going the way they are, it’s way more fun… It can be sometimes absolutely astounding to read what some people actually think, I wouldn’t want to lose that entertaining (and admittedly at times enraging) insight into their thought processes.

            The phrase “Don’t always believe what you think..” is one that some posters should dwell on.

        • RedBaronCV 9.4.1.2

          Around about the amount key has trousered from his high end tax cuts $0.5m

  10. tricldrown 10

    Pukish lack of imagination their.
    Govt bribes to get rid of shares at fire sale prices.
    Blinglish said they would not sell if they couldn’t get the minimum price
    Now with nearly $800 million of taxpayer bailout its means just another broken promise.
    $476 million write down in meridian for losses selling cheap power to tiwae.
    $30 million to rio tinto
    $60 million to bribe meridian sharee buyers
    $125 million to goldman sachs
    $120 million to advertise sales
    $50 million MRP to prop up share value.
    +Another $1 to 2 billion in lost value to existing share holders that is every NZ citizen.
    Then loss of divdends.
    This is what Key was doing at Merril Lynch.
    Riping off clients.
    Goldman sachs the same.
    Goldman sachs are facing a raft of SEC charges .
    Goldman Sachs are one of the most corrupt organizations on earth receiving $666 billion in bailouts from US treasury.
    BofA Incorporating Merril Lynch
    Received $336 billion in bailouts.
    Now shonkey is looking out for his future.
    When He moves to Hawaii He will be immediatly be appointed to the board of BofA or Goldman Sachs!

    • TightyRighty 10.1

      only at the standard could you see that much stupid in one comment and not have it moderated. Obviously you’re the average labour/greens voter who has found their voice on the internet. Congratulations on discovering modern technology. use your new found awareness sparingly though, it doesn’t seem to extend to your lack of knowledge.

      [lprent: That is because we don’t moderate on content, we moderate on behaviour. For instance the behaviour that is known as “pointless abuse” which you seem to have just wandered into.

      If you read your lame and really stupid comment you will realise that there is absolutely *no* point in it. You haven’t said anywhere in the comment *what* you found to be a problem in the content of the the comment you were replying to. You just jerked off on the abuse without bothering to explain why you thought it was a problem – a characteristic pig-ignorant right wing wanker compensating for their lack of intelligence with a inflated ego and little talent..

      Congratulations, you have just won a weeks ban for pointless abuse. Have an extra week for being stupid enough to be a pious wannabe PG clone trying to tell us how we should run the site (and thereby attracting my attention to your comment).. ]

      • Mike S 10.1.1

        :lol: :lol: :lol: :lol: :lol: :lol: :lol:

        lprent you just made me cry…..and my sides are hurting…..love it…

      • Chooky 10.1.2

        …me too…jolly good laugh…thanks Iprent ! (thanx Big Daddy….ooops….Esteemed Facilitator)

        (.btw…speaking of Big Daddys ….cant we have Mr Dotcom on here as an invited poster ….IT is increasingly ruling the world (even bank robbers, according to the latest New Scientist)….and I would love to know where IT /webs/devts are influencing/determining the political schemes of States and Nations…a bit of Sci Fi futuristic conjecture would also be interesting…I think it could be a big draw card to this site..and the MSM may pick up onit as well…….just a thought from a computer/technology retard)

    • Chooky 10.2

      + 100 trickledown…this is DAMNING!……maybe you should put this up again on a new Open Mike for discussion on the facts and figures….. or put it in a Post?…this is important!

      (….I for one got sidetracked by the mirth of Tighty Righty getting banned…you must have gotten under his/her skin!)

  11. Ad 11

    We are used to understanding that the state should own utilities because they are near-monopolies, with solid returns that are good for thengovernment’s accounts.

    But Lprent posted a little while back about preferring government investment into high-tech rather than pastoral industries as high tech gave far higher likelihood of higher salaries, faster innovation uptake, etc.

    So there will likely be a decision point for a Cunliffe administration on (a) what it does with the remaining unspent cash from the shares sales, and (b) could it be better to put the cash into supporting high tech R&D firms rather than old school electricity utilities in further buy-backs.

    Labour will sooner than later face what to spend their money on, there is never enough of it, so does it really make sense to get control of the electricity utilities again?

    • ghostwhowalksnz 11.1

      Your reasoning is all wrong.

      Its the hisk risk startup and new technologies that the private sector should finance.

      The essential utility safe as houses sector is where the state belongs

      As we have seen they are ‘back in the housing sector’, so National is really throwing their manifesto to the winds

    • lprent 11.2

      …Lprent posted a little while back about preferring government investment into high-tech rather than pastoral industries as high tech gave far higher likelihood of higher salaries, faster innovation uptake, etc

      Not to mention lower environmental impacts, less emphasis on service industries (important to me as I’m seldom polite or nice), and flatter tiered managerial organisations which are invariably more pleasant to work in (fewer meetings for a starter) etc etc.

      They’re also generally more fun to work in than generating agricultural commodities. And yes, I have worked the arse end of a cow (and dodged hooves and assorted liquids), done lambing beats in “spring” (cold windy squalls coming off Taupo while you have a hand stuck in a ewe’s cervix are a real downer), and carried strainers up the cliffs that some farmers laughingly call “pasture”. I did enjoy it. But not nearly as much as writing code and directly developing export markets.

  12. Ad 12

    I know Ghost and still think Lprent was wrong. I was trying to apply the reasoning from the previous debate onto asset sales.
    Having said that, we are being royally screwed as consumers by power utilities in public ownership. Unless a new government is going to regulate much harder, I can’t yet see a price benefit to public ownership.

    The other utility really bothering me is Chorus, which MSavage has posted on. Key is so weak in this area and deliberately undermining the regulator. Again, regulation and enforcement is the problem.

    So what problem are we really trying to solve bringing the power companies back into full public ownership?

    [lprent: I am often wrong as I don’t have infinite time to get things right. But what am I being wrong in here? I lack context. ]

    • Draco T Bastard 12.1

      Having said that. we are being royally screwed as consumers by power utilities in public ownership.

      It’s not government ownership that does that. it’s the profit motive that does it.

      Unless a new government is going to regulate much harder. I can’t yet see a price benefit to public ownership.

      The government doesn’t need to make a profit and thus the cost should be lower.

      So what problem are we really trying to solve bringing the power companies back into full public ownership

      Three problems
      1) The dead-weight loss of profit
      2.) The inefficiency inherent in competition and
      3.) Natural monopolies.

      [lprent: Looks like a comment done in something else and passed through as a escaped URL. Run through slickedit to fix it. ]

      • Ad 12.1.1

        Can’t seem to open this.

      • Draco T Bastard 12.1.2

        NFI what happened there. Just submitted it as normal.

        • lprent 12.1.2.1

          There was an update in the re-edit plugin this morning. That would be my bet. But it did check out ok on the quick test on the test box.

          I’ll keep an eye on it. Found 2 more in the comment stream.

          Update: And 4 more in the trash. It is a classic URL/HTML escape sequence (eg %20 = space in hexadecimal)

          If anyone spots it, tell me if there was anything unusual and what browser/OS you are using.

          • bad12 12.1.2.1.1

            LPrent, the 20% is occurring all through a comment when it appears after an ‘edit’, i am using firefox…

            [lprent: Good – different browser. Bet it is the re-edit. ]

          • Draco T Bastard 12.1.2.1.2

            I’m%20using%20Chrome%20Version%2030.0.1599.69%20m%20on%20Win7.%0A%0AMade%20several%20comments%20today%20and%20that’s%20the%20only%20one%20that%20went%20bung.

            [lprent: translated that is..]

            Im using Chrome Version 30.0.1599.69 m on Win7.

            Made several comments today and thats the only one that went bung.

            [lprent: I happen to have a win7 box like that next to me right now, and a long compile. ]

      • greywarbler 12.1.3

        DTB
        Interesting mind test you set there Draco. I’ve sorted through the maze and think this summation of yours needs to be seen.

        So what problem are we really trying to solve bringing the power companies back into full public ownership?
        Three problems –
        1 The dead weight loss of profit.
        2 The inefficiency inherent in competition and,
        3 Natural monopolies.

        • Ad 12.1.3.1

          1. Big utilities should have sufficient profits to run their assets. That’s a regulatory not political task.
          2. Not sure how you would prove the comparison
          3. Again, regulation and enforcement

          • Draco T Bastard 12.1.3.1.1

            1.) Profit is over and above the costs of running the assets.
            2.) Competition increases duplication especially in unproductive administration. Also increases the need for regulation and enforcement through having to tell private companies to be nice to each other.
            3.) Transparent government ownership of natural monopolies is cheaper than massive regulation and enforcement.

            • Ad 12.1.3.1.1.1

              1. Not for utilities like ports airports and electricity. Commerce Commission has huge hearings about them.
              2. Agree they are inefficient, but it would be hard for anyone to prove the rative administrative efficiency of s public system.
              3. Well possibly, but where would you stop renationalising, why, how much, and which companies would hang around to find out?

              • Draco T Bastard

                1. Not for utilities like ports airports and electricity. Commerce Commission has huge hearings about them.

                Has absolutely nothing to do with what I said.

                2. Agree they are inefficient, but it would be hard for anyone to prove the rative administrative efficiency of s public system.
                Not really

                3. Well possibly, but where would you stop renationalising, why, how much, and which companies would hang around to find out?

                That would have to be open to discussion. I’d renationalise all natural monopolies, e.g. All international airports, ports, telecommunications, power, health etc. I’d also look at what I call demand monopolies – services that everyone uses and so having it as a state monopoly would bring about efficiencies of scale that would be lacking in a competitive environment.

  13. tricldrown 13

    Materia Turei bought a castle in Dunedin probably for the same price you would buy a garage in Auckland.
    I’ve met her and hubby in person and they are just lovely people.
    Primitive primate.
    Can’t help but resort to primal bullying.l

    • TightyRighty 13.1

      Metiria Turei and her hubby bought a castle in dunedin? Larnach? thought it was owned by a trust still?

      Have you tried buying a garage in auckland, it’s relatively cheap for the potential return. probably one of the best property investments you can make right now. certainly better than a draughty old castle, the ever imposing signal of oppression of the working class that it is.

      • Mike S 13.1.1

        A garage??? That’s luxury..

        Jeez, it’d be hard to buy a bloomin’ carpark these days (some sell for 100k plus) let alone a garage..

        Hmmmm, I’m talking with a banned person…not sure how I feel about that….hmmmm

        What’s your view on that TightyRighty?
        ….
        ….
        Hello…? You there Tighty?
        ….
        ….
        Hello?

        :lol: :lol: :lol: :lol: :lol:

  14. tricldrown 14

    Pukesh rogue so you take more notice of warren buffet Hey saysthe rich should pay their fair share of taxes and that CGT should be at the same rate as income tax after all it is income.
    You are just the minion the big boys send to do their dirty work.
    So if the returns are so good then the shortfall in dividends to the govt will have to be made up
    by you and everone elsr paying more tax.
    Your the idiot Pukesh.

    • Puckish Rogue 14.1

      I listen to his views on the share market but it doesn’t mean I slavishly agree with everything he says, for example if he wants to pay his fair share of tax he can voluntarily pay more but he doesn’t

      • Mike S 14.1.1

        Ummm…No.

        You can’t voluntarily pay more tax than what you legally are required to pay. If, for example, you sent IRD a check saying it was for extra tax over and above what you are required to pay, they will send it back or destroy it. Probably because it can’t be allocated to any legal tax item.

  15. Whatever next 15

    Going back to Tracey’s point about potential poor turnout at referendum.
    National have consistently driven propaganda that the electorate’s role in democracy is redundant, and we should leave to the ” big boys” (bit ironic).
    The results of selling assets have hit home in UK, and in the news as we speak, but it is too late. How do we point out that we could learn from what is happening there, and stop it before it starts??

  16. Whatever next 16

    Going back to Tracey’s point about potential poor turnout at referendum.
    National have consistently driven propaganda that the electorate’s role in democracy is redundant, and we should leave to the ” big boys” (bit ironic).
    The results of selling assets have hit home in UK, and in the news as we speak, but it is too late. How do we point out that we could learn from what is happening there, and stop it before it starts??

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  • IRD joins Corrections in Phillip Smith failure
    It is incomprehensible that IRD and Corrections were not able to stop Phillip Smith from rorting the tax system out of $50,000 until it was too late, given that he was a notoriously manipulative prisoner stuck in jail, says Labour’s...
    Labour | 13-11
  • The Government has to listen to Olly
    When even hard boiled property investors like Olly Newland  say first home buyers have been shafted by Loan to Value Ratio lending restrictions, surely it is time for the Government to listen, says Labour's housing spokesperson Phil Twyford.  "Auckland landlord...
    Labour | 13-11
  • Key used GCSB for political ends prior to 2014 election
    New documents released to the Green Party show that Prime Minister John Key used New Zealand's intelligence services for the National Party's political ends a few days out from the 2014 election, the Green Party said today.Documents released to the...
    Greens | 13-11
  • Government not meeting its climate target
    The Government must front up to the fact that its own advisors are now saying that New Zealand is off target in any transition to a low carbon future, says Labour’s spokesperson on Climate Change Nanaia Mahuta.  “A briefing to...
    Labour | 12-11
  • Briefing reveals Defence facilities ‘increasingly unfit for purpose’
    The Defence Briefing to the Incoming Minister reveals a deteriorating state in Defence facilities that are no longer fit for purpose, says Labour’s Defence spokesperson Phil Goff.  “The briefing is heavily censored but still reveals that Defence camps, bases and...
    Labour | 12-11
  • New projections show New Zealand missing climate target
    Briefings to Incoming Ministers released today reveal the Government's climate policy is failing with projected emission more than double what is needed to meet National's 2050 target, the Green Party saidProjections released by the Ministry for the Environment, as part...
    Greens | 12-11
  • National’s highways far less efficient
    National’s new state highways have a far lower cost-benefit ratio than motorways built under the last Labour Government, making a mockery of the Government’s bluster that its road building will boost the economy, says Labour's Transport spokesperson Phil Twyford. “New...
    Labour | 12-11
  • Governor points finger at National on supply
    The Reserve Bank Governor has admitted he had to keep loan to value mortgage restrictions in place because the Government’s attempts to increase housing has fallen ‘a long way short’, says Labour's Housing spokesperson Phil Twyford. “The thousands of first...
    Labour | 12-11
  • Did Collins cover up Slater’s OIA requests?
    Disgraced former Cabinet Minister Judith Collins must explain why she appears to have tried to hide Official Information Act requests she fulfilled for Whale Oil blogger Cameron Slater, Labour MP Megan Woods says. “New documents obtained by Labour show Judith...
    Labour | 11-11
  • Reserve Bank’s dairy warning must be heard
    The Reserve Bank’s warning that falling dairy prices are creating greater risks for the New Zealand economy must be taken seriously by Bill English and John Key, says Labour’s Finance spokesperson David Parker. “Dairy prices have nearly halved since February...
    Labour | 11-11
  • National’s housing failure keeps LVRs in place
    The Reserve Bank’s decision to leave loan-to-value ratio mortgage restrictions in place is further confirmation of National’s housing policy fiasco, Labour’s Housing spokesperson Phil Twyford says. “The Reserve Bank would have lifted LVRs if they had seen any increase in...
    Labour | 11-11
  • Let’s see if it is plane sailing Mr Bridges
    Comments by Transport Minister Simon Bridges that Far North residents' anger over cutbacks to regional flights will be allayed by larger planes and cheaper fares out of Kerikeri, are just pure arrogance, says Labour’s Te Tai Tokerau MP Kelvin Davis....
    Labour | 11-11
  • Commerce Commission inquiry needed into building supplies monopoly
    The Commerce Commission must stop dragging the chain and urgently investigate the anti-competitive practices in the building industry that are driving up the cost of building materials, says Labour's Housing spokesperson Phil Twyford. “Competition in the building materials market is...
    Labour | 11-11
  • Air New Zealand grounds Far North
    The announcement by Air New Zealand to close services from Kaitaia to Auckland will be an absolute disaster for the Far North, Labour MP for Te Tai Tokerau Kelvin Davis says.  “Air New Zealand is sending a signal to the...
    Labour | 11-11
  • Pulling West Coast flights a savage blow
    Air New Zealand’s decision to withdraw its Westport service is another kick in the guts for an already struggling community, West Coast-Tasman MP, Damien O’Connor says.   “Having been involved in the West Coast’s efforts to get Air Nelson to return...
    Labour | 11-11
  • Air NZ cuts economic lifelines to neglected regions
    Air New Zealand’s plans to cut its Eagle Air regional services to already struggling regions is a hammer blow to Westport, Whakatane and Kaitaia, says Labour's Transport spokesperson Phil Twyford. “The regions of New Zealand are being abandoned by this...
    Labour | 11-11
  • Christchurch on the rent rack
    A jump of 20 per cent in weekly rents in the past year is a disaster for Christchurch, says Associate Housing spokesperson Poto Williams. “The Trade Me Property Rental Price index has rightly described the city as being a ‘...
    Labour | 11-11
  • Past time to act on warnings about palliative care
    Health officials have been warning the Government about a critical shortage of palliative care specialists for years, Labour’s Acting Deputy Leader and Health spokesperson Annette King says. A stocktake carried out for the Ministry of Health shows New Zealand’s end...
    Labour | 10-11
  • Report must spur Government into action
    The soaring cost of domestic violence and child abuse highlight the need for the Government to prioritise and act on the issue, says Labour's spokesperson for Social Development, Sue Moroney.“Findings from the Glenn Inquiry that show the problem is estimated...
    Labour | 10-11
  • Family safety paramount, then urgent review
    Corrections Minister Peseta Sam Lotu-Iiga has some serious questions to answer over why a dangerous prison escapee, convicted of further crimes while in jail, managed to abscond while he was on approved temporary release, Labour’s Corrections spokesperson Jacinda Ardern says.“Phillip...
    Labour | 09-11
  • LVRs a failed experiment from Bill English
    Loan to value mortgage restrictions are a failed experiment from Bill English to tame Auckland house prices, that have caused collateral damage to first home buyers and other regions, says Labour's Housing spokesperson Phil Twyford. “The possible end of LVR...
    Labour | 09-11
  • Govt books getting worse as economy slows
    National’s economic credibility is under serious scrutiny with its search for surplus becoming harder due to an economy far too reliant on the dairy industry, says Labour’s Finance spokesperson David Parker. “National promised New Zealanders would get into surplus by...
    Labour | 06-11
  • Kiwis in pain because of Government underfunding
    New research showing one in three people needing elective surgery are being denied publicly-funded operations shows the Government must properly fund the health sector, Labour’s Health spokesperson Annette King says. “For almost two years Labour has been warning about the...
    Labour | 06-11
  • National’s promised surplus looking doubtful
    Budget figures for the first quarter of the financial year released today by Treasury show the Government's goal of achieving a budget surplus is looking doubtful, the Green Party said today."National has staked its credibility on achieving a budget surplus...
    Greens | 06-11
  • Kevin Hague speaks on the Gambling Amendment Bill (No 3)
    I rise to give this speech on behalf of Denise Roche, who handles the gambling portfolio for the Green Party. This bill deals with class 4 gambling—pokies in pubs and clubs—and it is the result of changes that were suggested...
    Greens | 06-11
  • Kevin Hague speaks on the Health (Protection) Amendment Bill
    I would like to start off where the previous speaker left off, on the issue of balancing rights or balancing harms. All law is in some way a restriction of personal liberty. That is the point of law. When we...
    Greens | 06-11
  • Joyce backs away from yet another target
    Steven Joyce has backed away from two targets in two days, refusing to acknowledge that his Government has an unambitious aim to get unemployment down to 4 per cent in 11 years’ time, says Labour Associate Finance spokesperson David Clark....
    Labour | 06-11
  • Pacific peoples incomes and jobs falling under National
    The Minister of Pacific Peoples is attempting to bury the ugly facts of Pacific unemployment and income levels worsening since National took office in 2008, said Labour’s Pacific Affairs spokesperson, Su’a William Sio. “If the Minister doesn’t acknowledge how bad...
    Labour | 06-11
  • The Block NZ doing a better job than Nick Smith
    Nick Smith should consider calling in producers of The Block NZ with participants in the TV series completing more houses in two seasons than the Government’s failed Special Housing Area policy, says Labour's Housing spokesperson Phil Twyford. “The Block NZ...
    Labour | 06-11
  • Meridian moves to kill competition from solar homes
    Big electricity companies are using their power to make it harder for families and businesses wanting to go solar and the National Government is doing nothing to help them, the Green Party said today. Meridian Energy announced today a 60-72...
    Greens | 06-11
  • Has John Key done all he could for Pike families?
    It will be forever on the conscience of John Key whether he did all he could to recover the remains of the 29 miners who died in Pike River, Labour’s MP for West Coast-Tasman Damien O’Connor says.  “The Prime Minister...
    Labour | 05-11
  • National further dashes hopes of new parents
    The National Government has once again shown its disdain for working parents by voting down proposals to extend paid parental leave, Labour MP Sue Moroney says.  “The Government vetoed an amended proposal that substantially reduced the cost of extending PPL...
    Labour | 05-11
  • Honouring the Ampatuan massacre victims as fight for justice goes on
    A grim reminder of the Maguindanao, or Ampatuan, massacre on 23 November 2014. Photo: DanRogayan A TOP Filipino investigative journalist will be speaking about the “worst attack” on journalists in history and her country’s culture of impunity in a keynote...
    The Daily Blog | 23-11
  • GUEST BLOG: Anjum Rahman – what are they afraid of: the erosion of democ...
    Today the Hamilton City Council has put on a big party to celebrate the 150th anniversary of European colonisation of the area.  There have been a series of events during the year to mark this event, including a civic ceremony. ...
    The Daily Blog | 22-11
  • #JohnKeyHistory
    John Key has done it again. This week our lovely Prime Minister has showed us how little he knows about the history of the country he is supposed to be running. Apparently “New Zealand was settled peacefully”. Was it really?...
    The Daily Blog | 22-11
  • G20 growth targets and growth model offer more problems than they solve
    At the recent G20 in Brisbane, member countries agreed to accelerate growth to an additional 2% on top of current trajectories. But ongoing public sector cuts, asset sales, and reducing workers’ rights indicate that at least part of the growth...
    The Daily Blog | 22-11
  • GUEST BLOG: Bill Courtney – Charter Schools: The Shroud of Secrecy Contin...
    The Ministry of Education yesterday released another batch of information relating to the five existing charter schools and the four new ones proposed for opening in 2015. As we have seen before, the release of such information, often requested under...
    The Daily Blog | 22-11
  • EXCLUSIVE: Campaign reflection, Laila Harré reaching out for radical minds
    Today I’ve announced that I will be stepping down from the Internet Party leadership in December. This will happen once options for the future have been developed for discussion and decision among members. My absolute focus in this election was...
    The Daily Blog | 21-11
  • The Ebola crisis, capitalism and the Cuban medical revolution
    “Ebola emerged nearly 40 years ago. Why are clinicians still empty-handed, with no vaccines and no cure? Because Ebola has been, historically, geographically confined to poor African nations. The R&D incentive is virtually non-existent. A profit-driven industry does not invest...
    The Daily Blog | 21-11
  • MEDIA WATCH: TVNZ Reveals Insane Deadlines For Māori and Pacific Island Pr...
    Last Tuesday, November 18th, TVNZ requested proposals from producers for the four Māori and Pacific Island programmes they will no longer be making in-house. Marae, Waka Huia, Fresh and Tagata Pasifika will keep their existing names, existing formats and existing...
    The Daily Blog | 21-11
  • The Daily Blog Breakfast Club Ep. 1
    TDB Video, Live from Verona Cafe on K-Rd, Auckland – a weekly current affairs show with TDB Editor Martyn Bradbury. This week’s panel: Chris Trotter & Selwyn Manning.The issues: 1 – What now for the New Labour leader? 2 –...
    The Daily Blog | 21-11
  • Performance-demonstration at Auckland’s High Court to demand justice for ...
    People outraged at the lack of justice in the so-called ‘Roast Busters’ case and 99% of other rape cases in this country are holding a visually powerful mass action at the Auckland High Court at 1 o’clock on Saturday. They...
    The Daily Blog | 21-11
  • IES vote may weaken defense of public education
    PPTA announced today that secondary teachers have voted to include the IES (Investing in Education Success) as a variation to their collective employment agreement with the government. At one level it’s an understandable decision by PPTA members because through engaging in a consultation...
    The Daily Blog | 21-11
  • NZ History lesson on Planet Key – the lies white people tell themselves
    John Key’s bizarre claims about our ‘peaceful history’ comes across like the apartheid history of South Africa where white people discovered Africa first… New Zealand ‘settled peacefully’ – PM New Zealand was “settled peacefully” by the British, the prime minister...
    The Daily Blog | 20-11
  • Universal Basic Income and Labour Policy
    On Radio New Zealand’s None-to-Noon on Wednesday (19 November), new Labour leader Andrew Little intimated that he would like to put Universal Basic Income (UBI) on his policy agenda (What policy changes will Andrew Little usher in?) Predictably Kathryn Ryan, despite being...
    The Daily Blog | 20-11
  • The New Notes : They Ain’t Mint
    Hulk Queen Angry. Hulk Queen smash.   Yesterday, the Reserve Bank announced its new designs for our banknotes. Now, I’ve historically been pretty sketch about this entire process; variously feeling affronted that the government could find eighty million dollars to fund a...
    The Daily Blog | 20-11
  • MSM under-mining of new Labour Leader already begun?
    . . It did not take long. In fact, on the same day that Andrew Little won the Labour leadership*, the first media reporter was already asking if he would be stepping down  if Labour failed to lift in the...
    The Daily Blog | 20-11
  • GUEST BLOG: Simon Buckingham – invisible disability voices
    Today I am ranting. The Disability Advisory Group has been announced by Auckland Council. This is the body that represents the interests and views of people with disabilities in Auckland. Whilst I would not have applied this time as I...
    The Daily Blog | 20-11
  • Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today, Andrew Little
    Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today, Andrew Little...
    The Daily Blog | 20-11
  • Why labelling Little as a ‘Unionist’ is a joke and how he beats Key in ...
    The line being used to attack Andrew Little as a ‘Unionist’ is just an absurd joke, and it comes from people who clearly don’t understand the modern NZ Union movement. Andrew ran the EPM Bloody U, they are easily one...
    The Daily Blog | 19-11
  • 5AA Australia – Labour’s New Leader + China’s President In New Zealan...
    Recorded on 20/11/14 – Captured Live on Ustream.tv. 5AA’s Peter Godfrey and Selwyn Manning.ISSUE ONE: The New Zealand Labour Party has elected its new leader, the vote going to a third round after no clear outright winner was found in...
    The Daily Blog | 19-11
  • Did Roger Sutton think he was running the Rock Radio Station?
    Visible G-String Fridays? Full body hugs? Jokes about who you would and wouldn’t have sex with? Honey? Sweety? It’s like Roger thought he was running the Rock Radio Station, not a Government Public Service department set up to rebuild a...
    The Daily Blog | 19-11
  • US Politics
      US Politics...
    The Daily Blog | 19-11
  • Amnesty International – The conversation that needs to be had with China
    Caption: Police officer watching Hong Kong pro-democracy march, 01 July 2014 © Amnesty International    Yesterday’s edition of The New Zealand Herald features an open letter to all New Zealander’s from Xi Jinping, President of the People’s Republic of China. Along...
    The Daily Blog | 19-11
  • GUEST BLOG: Patrick O’Dea – “Liar”
    LIAR! ‘Privatised social housing to benefit tenants’ English “Housing Corp was a poor performer and about a third of its housing stock was the wrong size, in poor condition and in the wrong place. That stock was worth about $5...
    The Daily Blog | 19-11
  • Too Close For Comfort: Reflections on Andrew Little’s narrow victory over...
    THE TRAGIC SCREENSHOT of “Gracinda” in defeat bears eloquent testimony to the bitter disappointment of the Grant Robertson-led faction of the Labour Party. And, yes, ‘Party’ is the right word. The Robertson machine has now extended its influence well beyond...
    The Daily Blog | 19-11
  • How to defeat child poverty
      How to defeat child poverty...
    The Daily Blog | 18-11
  • Little’s Shadow Cabinet
    Now the horror of trying to pacify the factions begins. The only thing Little’s new shadow cabinet must do is create the pretence of unity. The reason voters didn’t flock to Labour wasn’t the bloody CGT or Superannuation, it was...
    The Daily Blog | 18-11
  • A pilgrimage with my sister – Rethink the System
    We’ve both wanted to do a pilgrimage for many years. But, unlike many modern pilgrims, we wanted to be pilgirms in our own country and get closer to our communities, rather than seek greater distance from them. We are both...
    The Daily Blog | 18-11
  • Lack of policy ambition is Andrew Little’s main problem
    I’ve met Andrew Little a few times and he’s a pleasant man who will make a reasonable job leading what the Labour Party has become in recent decades. He will preside over a much less divided caucus and will be...
    The Daily Blog | 18-11
  • Journos, film makers, media freedom advocates join Asia-Pacific political j...
    A candlelight vigil for the 58 victims of the 2009 Maguindanao massacre – 32 of them media people. Still no justice for them today. Renowned investigative journalists, film makers, academics and media freedom campaigners from across the Asia-Pacific region will...
    The Daily Blog | 18-11
  • And the new Labour Leader is ZZZZZZZZZZ
    The victory lap by Caucus over the members choice of Cunliffe has ended and the new leader of the Labour Party is Andrew Little. Yawn. The dullness and caution of the latest Leadership race will be served well by Andrew,...
    The Daily Blog | 18-11
  • Allow the Facts to Get in the Way of the Neolib Stories
    One of the weaknesses of the political left in New Zealand over the last 30 years has been to allow the neoliberal storytellers to get away with lots of fibs and half-fibs. On TVNZ’s Q+A on 16 November, in a...
    The Daily Blog | 17-11
  • Defending The Boomers: A Response to Chloe King
    THE BABY-BOOM GENERATION (49-68 year-olds) currently numbers just under a quarter of New Zealand’s population. Even so, there is a pervasive notion that the generation of New Zealanders born between the end of World War II and the mid-1960s exercises...
    The Daily Blog | 17-11
  • This weeks Waatea news column – Waitangi Tribunal ruling enshrines Treaty...
      This weeks Waatea news column – Waitangi Tribunal ruling enshrines Treaty as a living document...
    The Daily Blog | 16-11
  • Key now says SAS will be needed to protect ‘trainers’ behind the wire
    Well, well, well. What do we have here? Government could send SAS to Iraq New Zealand’s elite Special Air Service (SAS) could be deployed to Iraq to protect Kiwi troops sent to train local forces. Prime Minister John Key confirmed...
    The Daily Blog | 16-11
  • Do You Want to Build a Meth Lab? (Frozen x Breaking Bad Parody)
    Do You Want to Build a Meth Lab? (Frozen x Breaking Bad Parody)...
    The Daily Blog | 16-11
  • Soft soap for the rich – harsh taxes for the poor
    It’s no surprise to see New Zealand has one of the world’s lowest tax rates for the rich and the superrich. A survey by the global accounting network UHY shows New Zealand’s highest tax rates are lower than even Australia,...
    The Daily Blog | 16-11
  • Phillip Smith and the rehabilitation process
    The dominant media narrative in horrible murder cases is that the perpetrator is unlikely ever to be rehabilitated. When it appears the offender may get parole the media turns first to family members of the victim who commonly (and understandably)...
    The Daily Blog | 16-11
  • The Nation review: Finlayson’s terrifying definition of who is on terror ...
    Terrifying Nation today on TV3. Chris Finlayson is on justifying the Government’s Muslim fear mongering and extension of even more surveillance powers. It was jaw dropping. Finlayson says ‘alienated people with a chip on their shoulder’ is the threshold to get...
    The Daily Blog | 14-11
  • A brief word on The Block NZ
    Is it just me or did The Block manage to sum up everything that is wrong about our culture and economy? Fetishised property speculation as mass entertainment in a country of homelessness & poverty. I wonder if State House tenants...
    The Daily Blog | 14-11
  • Waitangi Tribunal ruling
    That spluttering choking sound of a thousand rednecks being informed Maori still have sovereignty is a hilarious cacophony of stupid… Crown still in charge: Minister Chris Finlayson on Waitangi Treaty ruling The Waitangi Tribunal’s finding that Maori chiefs who signed...
    The Daily Blog | 14-11
  • A brief word on Phillip Smith
    We can arrest student loan & fine defaulters at the airport – but not convicted child molesting killers? Before we ban manufactured ISIS ‘terrorists’ from having passports, how about we just manage to stop child molesting killers from fleeing first?...
    The Daily Blog | 14-11
  • Free Me From Religion
          The meeting begins – or at least it’s supposed to begin – but someone interrupts proceedings. She wants everyone to pray with their heads bowed while she can “thank our Father who art in Heaven.” I close...
    The Daily Blog | 14-11
  • Key capitulates on TPPA while big money NZ set up propaganda fund
    So Key has capitulated on the ‘gold standard’ of free trade deals… The primary objective for New Zealand at Apec was to see some urgency injected into the TPP talks and to keep leaders aiming for a high quality deal....
    The Daily Blog | 13-11
  • Why Phillip Smith is the least of our worries
    Well, it turns out Phillip Smith wasn’t half as clever as he thought he was, and he’s been arrested within a week. If the Prime Minister is through with making tasteless jokes, perhaps we can ramp down the media hysteria...
    The Daily Blog | 13-11
  • Constraining Credibility
      Most economists and members of the public – on both the right and the left – believe that economies are constrained by resource scarcity most of the time. In this view, economies are supply-constrained, and that the economic problem...
    The Daily Blog | 13-11
  • Migrant Labour, exploitation and free markets
    Once more we read about a horror story of virtual slavery for a migrant worker in a restaurant in Christchurch. The silver lining that in this case compensation should be paid is not assured. Often in situations like this the employer winds up...
    The Daily Blog | 13-11
  • On baby boomers who give my generation unhelpful advice: JUST DON’T
    One of my mum’s colleagues recently told her that there is no money in what her daughter was doing; volunteering at a women’s refuge and writing on politics. This guy, dispensing all his pearls of wisdom, told my mother that...
    The Daily Blog | 13-11
  • Morbid Symptoms: Can Labour Be Born Anew?
    THE CHAIRS in the final meeting venue have been stacked away. All that expensive signage, commissioned for the benefit of the television cameras, no longer has a purpose. For the second time in just 14 months, Labour’s Leadership Contest is...
    The Daily Blog | 12-11
  • What’s Small, White, and Having Trouble Attracting New People?
    If your answer was something intimately connected to the person of Peter Dunne … then you’d be right. Last night, P-Dunney decided to bring his comedy and/or hair stylings to the twitterverse; penning a potentially somewhat ill-advised tweet in which he compared...
    The Daily Blog | 12-11
  • LATE at the Auckland Museum review – Slacktivisim: Its not just for Slack...
    Monday night is my yoga night. I’m not really very good it, I don’t really have the bendy, but I made a New Years resolution. This Monday however, I decided to put the yoga on prone and attend a gig...
    The Daily Blog | 12-11
  • Domestic violence problem bigger than Sky Tower
    Domestic violence problem bigger than Sky Tower SKYCITY’s Sky Tower in Auckland will be lit up in white on Monday evening Nov 25th at 10pm, on the eve of White Ribbon Day. The anti-domestic violence network SAFTINET (Safer Auckland Families...
    Scoop politics | 23-11
  • State Services Commissioner ‘unfit for the job’ says Little
    State Services Commissioner ‘unfit for the job’ says Little The new Labour leader Andrew Little has called for the State Services Commissioner Iain Rennie to be stood down after his handling of the Roger Sutton sexual harassment case. "The idea...
    Scoop politics | 23-11
  • Patrick Gower interviews Laila Harre
    Patrick Gower interviews Laila Harre Headlines: Laila Harre to quit as Internet Party leader by Christmas when the party has completed its review, but would love to return to parliament Says party considering options for its future including winding...
    Scoop politics | 22-11
  • Lisa Owen interviews Labour leader Andrew Little
    Lisa Owen interviews Labour leader Andrew Little Headlines: Andrew Little says the shape of his front-bench for the 2017 election may not be clear until the end of next year Indicates next week’s appointments may be temporary: “So I may...
    Scoop politics | 22-11
  • Phillip John Smith – statement
    Police and the New Zealand Embassy in Brasilia are aware of a decision from the Brazil Federal Court requiring the deportation of Phillip Smith within 10 days. Further assessment is required to ensure there is a full understanding of this...
    Scoop politics | 22-11
  • Green’s ‘not speaking out about human rights abuses in China
    Right to Life challenges Russell Norman the co-leader of the Green Party to explain why, he was prepared to ask Prime Minister John Key to talk to Chinese President Xi Jinping about human rights abuses in countries bordering China but...
    Scoop politics | 21-11
  • Goodfellow congratulates Key on IDU election
    Goodfellow congratulates Key on IDU election National Party President Peter Goodfellow has congratulated Prime Minister John Key on his election today as Chairman of the International Democrat Union (IDU)....
    Scoop politics | 21-11
  • Taxpayers’ Union Congratulates PM on IDU Appointment
    The Taxpayers’ Union is today congratulating Rt. Hon. John Key on becoming the Chair of the International Democrat Union , as former Australian Prime Minister John Howard retires from the role after 12 years. Taxpayers’ Union Executive Director...
    Scoop politics | 21-11
  • High demand for Consumer NZ’s “Do Not Knock” stickers
    Consumer NZ has distributed nearly 100,000 “Do Not Knock” stickers since the launch of its campaign to fight back against dodgy door-to-door sellers.The “Do Not Knock” campaign was launched on 3 November 2014. Free “Do Not Knock” stickers...
    Scoop politics | 21-11
  • Phillip Smith decision still pending
    Detective Superintendent Mike Pannett is returning to Washington DC where he will continue to closely monitor a pending decision from the Brazilian authorities on the process to return Phillip Smith to New Zealand....
    Scoop politics | 21-11
  • High Court demonstration to demand justice
    People outraged at the lack of justice in the so-called ‘Roast Busters’ case and 99% of other rape cases in this country are holding a visually powerful mass action at the Auckland High Court at 1 o’clock on Saturday. They...
    Scoop politics | 21-11
  • NZ Society Wins Global Award For Fighting Animal Testing
    New Zealand banning animal testing of legal highs has been acknowledged with an award given in London. The New Zealand Anti-Vivisection Society (NZAVS) was awarded the 2014 LUSH Prize for lobbying against animal testing. The prize was given at the...
    Scoop politics | 21-11
  • Poor govt advice to workers on petrol station drive-offs
    The New Zealand Council of Trade Unions has raised concerns with the Ministry of Business, Innovation and Employment ('MBIE') regarding their reported advice to workers about the petrol station drive away issue....
    Scoop politics | 21-11
  • New Ombudsman opinion
    The Ombudsman has published his opinion on a complaint concerning the Police refusal to release information about a charging decision....
    Scoop politics | 20-11
  • Kindergarten support staff achieve pay rise in tough climate
    The valuable contribution of kindergarten support staff has been recognised with a pay increase, despite the significant funding cuts that the kindergarten associations are experiencing....
    Scoop politics | 20-11
  • Democracy and Conservative Religion: The Case of Islam
    “Is Islam compatible with democracy?” is a frequently-asked question. Recent rethinking of secularism and democracy have opened up new possibilities to think about religion and democracy. This question is important particularly in the case...
    Scoop politics | 20-11
  • NZ fiscal watchdog needed to guard the public purse
    New Zealand needs tighter fiscal rules and an independent watchdog to improve the quality of government spending and reduce the risk of a return to deficit spending as the country’s population ages, if not before....
    Scoop politics | 20-11
  • NZSMI disappointed ANZTPA proposal shelved
    November 20, 2014: Consumer healthcare products industry body, the New Zealand Self-Medication Industry Association (SMI) says it is disappointed Government has once again shelved plans to create one medicines regulatory agency for both New Zealand and Australia....
    Scoop politics | 20-11
  • Democracy Action Welcomes Tauranga Vote
    Responding to Tauranga Council’s unanimous vote not to establish separate Council seats on the basis of ethnicity, Lee Short, Democracy Action founder says: “The establishment of a Maori ward would have damaged the relationship between Maori and...
    Scoop politics | 20-11
  • Employer caught abusing new ‘teabreaks law’
    Employer caught abusing new ‘teabreaks law’ to exploit workers The government passed the controversial ‘teabreaks’ legislation only a few weeks ago and already Unite Union has caught an employer using this law as an excuse for ill-treating their...
    Scoop politics | 20-11
  • FGC response to Commerce Commission report
    The New Zealand Food & Grocery Council is not surprised by the Commerce Commission’s findings, given New Zealand’s current legal framework....
    Scoop politics | 20-11
  • Bascand: Brighter Money
    Seeing people’s initial reactions to the new banknote designs is a heartening reminder of what an important role currency plays in our lives, and what a sense of pride and heritage our notes evoke....
    Scoop politics | 20-11
  • RBNZ releases Brighter Money designs
    New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year....
    Scoop politics | 20-11
  • 25 years of children’s rights
    UNICEF and OFC celebrate 25 years of children’s rights with Just Play Sports Days On Universal Children’s Day (20 November) and as part of the Oceania Football Confederation’s (OFC) inaugural President’s Cup, UNICEF will celebrate 25 years of children’s...
    Scoop politics | 20-11
  • Xiamen delegation to Wellington has business focus
    Stronger business, education and cultural ties with our Chinese partners will be the focus when a 20-strong government and business delegation led by Xiamen Mayor Mr Liu Keqing which visits Wellington tomorrow (Friday) and Saturday as part of the...
    Scoop politics | 19-11
  • Warriors promote White Ribbon Day message
    Warriors promote White Ribbon Day message Shine and Orakei Health Services On Tuesday, the Vodafone Warriors will promote the White Ribbon Day message to the community at Eastridge Shopping Centre, Mission Bay. The Warriors are supporting their charity...
    Scoop politics | 19-11
  • Superannuitants to protest unethical investments
    A delegation of Auckland superannuitants will deliver a protest-card petition and protest letter to the New Zealand Super Fund this Thursday afternoon to call on the fund to divest from companies which support the Israeli occupation of Palestinian...
    Scoop politics | 19-11
  • Manukau job cuts ‘running the place into the ground’
    Manukau Institute of Technology (MIT) confirmed to its staff yesterday that 54 jobs will go before Christmas....
    Scoop politics | 19-11
  • Newcore Looks Pretty Rotten for Ratepayers
    Responding to the NZ Herald report that the IT system commissioned by Auckland Council to consolidate the eight systems the Super City inherited from its precursor councils could be facing a budget blowout of $100 million, Taxpayers’ Union Spokesman Ben...
    Scoop politics | 19-11
  • Accountability following quake response inquiry not achieved
    Lessons still need to be learned from the search and rescue efforts following the February 2011 earthquake in Christchurch, a leading New Zealand lawyer, Nigel Hampton QC, says....
    Scoop politics | 19-11
  • Our kids say: We are failing in our duty to protect them
    Our kids say: We are failing in our duty to protect them More than a quarter of Kiwi kids say children’s right to be safe and protected isn’t being upheld in New Zealand, identifying protection from violence, abuse and murder...
    Scoop politics | 19-11
  • PARS & Turuki Health Care collaborate on health and services
    Auckland-based PARS (People at Risk Solutions) have partnered with the Turuki Health Care Trust, to offer improved healthcare services to those in need. PARS works closely with former prisoners, providing mentoring, housing, and social services to ensure...
    Scoop politics | 19-11
  • Children’s Plea
    A plea has been sent to all Members of Parliament, regardless of party affiliation, to accord urgency and priority to children's issues. These issues include vulnerability, safety and childhood poverty....
    Scoop politics | 19-11
  • Treasury off track in search for sound policies
    Treasury is unlikely to find the ideas it is looking for to improve outcomes for children while its primary driver is cost-cutting, says Child Poverty Action Group....
    Scoop politics | 19-11
  • Commission calls for answers on handling of CERA harassment
    EEO Commissioner Dr Jackie Blue is deeply concerned about the way in which the State Services Commission has handled sexual allegations made against CERA chief executive Roger Sutton this week and is calling for answers....
    Scoop politics | 19-11
  • Ashley Dwayne Guy v The Queen: Appeal Upheld
    The appellant, Mr Guy, was found guilty by a jury of a charge of sexual violation by unlawful sexual connection. After the verdict it was discovered that, by error, the jury had been provided in the jury room with two...
    Scoop politics | 19-11
  • Zonta Club to Take a Stand Against Gender-Based Violence
    During the 16 Days of Activism against Gender Violence (25 November – 10 December), the Zonta Club of Wellington, along with members of the local community, will join nearly 1,200 Zonta clubs in 67 countries for the Zonta Says NO...
    Scoop politics | 19-11
  • New UNFPA report links progress and power to young people
    A UN report launched today calls for investment in young people as they are essential to social and economic progress....
    Scoop politics | 19-11
  • The Resignation with the Golden Handshake?
    Commenting on the settlement the State Services Commission has reached with former CERA CEO Roger Sutton, Taxpayers’ Union Executive Director, Jordan Williams, says: "Only in the public sector do you receive a payout for ‘resigning’....
    Scoop politics | 18-11
  • NZ must not turn a blind eye to China’s human rights record
    Amnesty International is calling on New Zealand’s Prime Minister John Key to raise China’s shameful human rights record during President Xi Jinping’s visit to New Zealand this week....
    Scoop politics | 18-11
  • The Resignation with the Golden Handshake?
    Commenting on the settlement the State Services Commission has reached with former CERA CEO Roger Sutton, Taxpayers’ Union Executive Director, Jordan Williams, says:...
    Scoop politics | 18-11
  • Treasury’s covert & extremely odd welfare consultation
    A report this morning that Treasury is ‘crowd sourcing’ ideas on welfare policy is news to Auckland Action Against Poverty, even though we are currently one of the most active groups in the area....
    Scoop politics | 18-11
  • NZ invites Pacific peers to review development cooperation
    New Zealand has volunteered to be the first development partner in the Pacific region to undergo a review of its aid programme by Pacific island peers. The review will focus on New Zealand’s development cooperation and will give greater insight...
    Scoop politics | 18-11
  • EPMU joins Pike River families to mark fourth anniversary
    Representatives of the Engineering, Printing and Manufacturing Union are proud to stand with the Pike River families to mark four years since 29 men lost their lives. “This is a particularly solemn day given the recent announcements of Solid Energy...
    Scoop politics | 18-11
  • 2013 Assessment of New Zealand’s National Integrity Systems
    SPEAKER TUILOMA NERONI SLADE: Former Judge, International Criminal Court in the Hague, former legal counsel at the Commonwealth Secretariat, Secretary-General of the Pacific Islands Forum 2008-2014. Introduced by Helen Sutch, Victoria University Council,...
    Scoop politics | 18-11
  • Green Party ignoring Waimea’s environmental benefits
    Green Party MP Catherine Delahunty has overlooked the environmental benefits the proposed Waimea Community Dam will bring the Tasman community, says IrrigationNZ Chairperson Nicky Hyslop....
    Scoop politics | 18-11
  • Women’s use of violence in violent relationships
    More than 80 percent of women who live with a physically violent partner will not initiate violence when they are not being hit, according to new research....
    Scoop politics | 18-11
  • Poor credit rating linked to poor cardiovascular health
    Poor credit rating linked to poor cardiovascular health A credit score doesn’t only boil down a person’s entire financial history to a single number and somehow predict their credit-worthiness, it might also be saying something about a person’s...
    Scoop politics | 18-11
  • State Services Commissioner on Roger Sutton Investigation
    State Services Commissioner Iain Rennie today said the investigation into Roger Sutton’s conduct was robust. Roger Sutton chose to resign as Chief Executive of the Canterbury Earthquake Recovery Authority (CERA) yesterday....
    Scoop politics | 18-11
  • Predator Free NZ project welcomed
    Federated Farmers and the conservation organisation Forest & Bird are welcoming the Predator Free New Zealand initiative as an ambitious but achievable project that will have real benefits for conservation and the economy....
    Scoop politics | 18-11
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